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efta-efta01159131DOJ Data Set 9Other

From: GMAX

Date
Unknown
Source
DOJ Data Set 9
Reference
efta-efta01159131
Pages
3
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EFTA Disclosure
Text extracted via OCR from the original document. May contain errors from the scanning process.
From: GMAX To: J Jep <[email protected]> Subject: <no subject> Date: Wed, 16 Mar 2011 15:40:05 +0000 Inline-Images: image.png Frank Preve — who is that —another name for you Forwarded Message From: Al Discala Reply-To: AJ Discala < Date: Sat, 12 Sep 2009 19:07:55 -0700 Fw: LOI N Hey coach how did I do AJ Discala, PartnerCanvas Financial, LLC303 Park Avenue South #1401New York, NY The contents of this transmittal and any attachments are intended for the exclusive use of the addressee(s), and may contain confidential and or legally privileged information. If you are not the intended recipient, you are hereby notified that any disclosure, copying, distribution or the taking of any action in reliance on the contents of this information is strictly prohibited. If you have received this transmittal in error, please notify us immediately by return e-mail, and then delete this message and all attachments. To reply to our email administrator directly, please email: From: Date: Fri, 11 Sep 2009 14:33:32 EDT To: < Subject: Re: LOI et tu brute?? Frank Preve CONFIDENTIAL: This message, including its contents and attachments, if any, are confidential. If you are not the named recipient, please notify us and immediately delete. You may not disseminate, distribute or forward this e-mail message or disclose its contents to anybody else. In a message dated 9/11/2009 2:23:31 P.M. Eastern Daylight Time, Having problems can u send to jim and larry too Original Message From: Franks email To: Subject: LOI Sent: Sep 11, 2009 2:11 PM writes: EFTA01159131 Error in parsing this message. Couldn't display the body part!!! OHM MMMMM OHM.. MMMMMM OHM.. MMMMM MMMMM OHM.. Al Discala, Partner Canvas Financial, LLC 303 Park Avenue South #1401 The contents of this transmittal and any attachments are intended for the exclusive use of the addressee(s), and may contain confidential and or legally privileged information. If you are not the intended recipient, you are hereby notified that any disclosure, copying, distribution or the taking of any action in reliance on the contents of this information is strictly prohibited. If you have received this transmittal in error, please notify us immediately by return e-mail, and then delete this message and all attachments. To reply to our email administrator directly, please email: End of Forwarded Message EFTA01159132 CLOCKWORK capital advisors September 8, 2009 Mr. George G. Levin Manager BANYON STRATEGIES VI, LLC 6007 Estate Nazareth Water Point St. Thomas, USVI. 00802 Re: Funding Facility Dear George: This letter outlines the proposed terms and conditions for a new facility to provide funding for the business currently being conducted by you and your wholly-owned affiliates, including Banyon Strategies VI, LW, ("Levin") together with Banyon Income Fund, LP ("BIF"), Its general partner, Banyon 1030-32, LLC and their respective principals and affiliates (collectively, "Banyon"). Subject to the terms and conditions set forth below, we ("Clockwork") agree to arrange and provide a new financing facility on the following terms and conditions: 1. The Business. The business to be financed (the "Business') consists of purchasing, at a discount, settlements and related periodic revenue streams from individual plaintiffs who have settled their labor and employment or other related lawsuits or claims in a manner that provides for immediate payment of the settlement amounts into the plaintiff's attorneys trust account but the disbursement of amounts therefrom to the respective plaintiffs only over a specified time schedule (each a "Settlement"). At the time of purchase of each Settlement, the buyer pays the applicable plaintiff a specified sum in cash (the 'Settlement Price") and the plaintiff assigns the payments to be made under the Settlement to the buyer. 2. Newco: Exclusive. A new special purpose entity domiciled in the U.S. Virgin Islands will be created, owned and controlled by Levin (and/or entities established for the benefit of George Levin's family) for the future conduct of the Business ("Newco"), an entity domiciled in the U.S. Virgin Islands.. Following the Closing (as defined below), other than the collection or the remaining amounts on 303 Park Avenue South #1401 New York NY 1001D EFTA01159133

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