Hong Yuan Holding Group (HGYN)

[FedUpToHere]

Rats. I didn't make it in time here today to post the agreement. Well done! I wanted to point out to people suggesting that Cereplast was forcing Horizon to negotiate in bankruptcy that no, Horizon is not going to negotiate or renegotiate. Horizon is simply following through on agreements between itself and Cereplast.

8.13 Voluntary Insolvency Proceeding . If Borrower shall commence a voluntary case under any applicable bankruptcy, insolvency or other similar law now or hereafter in effect, shall consent to the entry of an order for relief in an involuntary case under any such law, or shall consent to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian (or other similar official) of Borrower or for any substantial part of its Property, or shall make a general assignment for the benefit of creditors, or shall fail generally to pay its debts as they become due, or shall take any corporate action in furtherance of any of the foregoing.