EFTA Document EFTA01987559

To: [email protected][[email protected]]: J [email protected]] From: GMAX Sent: Wed 3/16/2011 3:40:05 PM Subject: <no subject> Frank Preve — who is that — another name for you Forwarded Message From: Al Discala Reply-To: Al Discala Date: Sat, 12 Sep 2009 19:07:55 -0700 Fw: LOI Hey coach how did I do AJ Discala, PartnerCanvas Financial, LLC303 Park Avenue South #1401New York, NY 10010t officeThe 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: [email protected]. 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, writes: Having problems can u send to jim and larry too Original Message From: Franks email To: EFTA_R1_00478874 EFTA01987559 Subject: LOI Sent: Sep 11, 2009 2:11 PM Error in parsing this message. Couldn't display the body part!!! Al Discala, Partner Canvas Financial, LLC 303 Park Avenue South #1401 New York, NY 10010 a lobile office 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: [email protected]. End of Forwarded Message EFTA_R1_00478875 EFTA01987560 OLOCKWORK capital advisors September 8, 2009 Mr. George G. Levin Manager V1, LLC St. Thome. USVI. o0SD2 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. LLC, (-Levin') together with Banyon Income Fund, LP (SIF"), its general partner, Banyon 1030-32, LLC and their respective principals and affiliates (collectively. 'Banyon'). Sullied to the terms and conditions set forth below, we (-Clockwork') agree to arrange and provide a new financing facility on the following terrns and conditions: 1. The Fitts 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 enrnediate payment of the settlement amounts into the plaintiffs attorneys trust account but the disbursement of amounts therefrom to the respective plaintiffs only over a specified time schedule (each a -Settlerrent"). 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. Vegin Islands.. Following the Closing (as defined below), other than the collection or the remaining amounts on 303 Park Avenue South #1401 New York NY 10010 EFTA_R1_00478876 EFTA01987561