2. Increase the interest rate of the Grand View Ventures Note to 18%.
3. SIRG is required to if they haven't already filed a deed of trust to Grand View Ventures for their 80% interest in the Chloride Copper mine.
4. Extend their over $330,000 in notes due to Grand View Ventures all of 6 months, they now have just over 5 months until the notes are due. If they default, they lose the mine.
5. Increase the amount they owe Grand View Ventures by $17,500, due to the fact that SIRG is now required to pay the lawyer fees Grand View paid for the forbearance.
6. Take a new note out with Asher Enterprises in the amount of $32,500.
Here is what the company didn't do:
More of what is required by SIRG, and some things that are deemed a default: