Free Answering Brief in Opposition - District Court of Delaware - Delaware

Case 1:04-cv-01551-JJF Document 378-19 Filed 10/05/2007 Page1 of 2 E
EXHIBIT 17

Case 1 :04-cv-01551-JJF Document 378-19 Filed 10/05/2007 Page 2 of 2 `

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' EXHIBIY I e
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· · Dato: Fd, Det 8, 1999 B;3B AM § __ J g Q
- . s¤z;;·¤o sr=c_en¤u `Fomn tem . . _ el 27 07 Q
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.· · cur latest iaroteottonelsttowthat SFG‘e cosh {tow shouts! be line unttt we otose on the PPM. However, we j
ere ohettenged by some ot the ooostreints on the PNC: teotttty. Ae you know, we een onty drew from PN0 ;'r' ;
’ · . once e month, the teens must be aged, the toons must be current, and we can onty drew tre $50QK g 5
. . tnorements. Consequently, we rseedto rely on WTC for our tntm—month funding, 2 Q
` _ and we stilt ere otose to our ttmtte at WTC.
' ' As a result of the foregoing, 'I personally would derive ectdtttonet peace ot mind it wetted liquidity from a `
. - _ short term toon. It isnt e neceeetty, sol dont want to push It too hard. Nertethotess, there is a benefit to ;_ 2
. , _ , ' SFO and, therefore, there is another opportunistic investment opportunity for you to oomider. ,; Q
_ l . t propose terms strnttarto our previous private toar1e:$1Mtoanamount, 6% extttee. 12% tnteroot. 30 ` °’_ 2
` dey term with et 30 dey aetometlo extension. eooeterotton of note upon closing e securitization. it $1M te — · ._ -
· too high, we can consider a towerarnount. - j
I _ On a positive note, this represents an opportunity for you to add $70,000 to $80,0110 to your Income this l . -
· year. Let me know what you think, _ _ · { _
· . .. _ Andrew · I ` ’ ‘
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' ` ‘ ` GBT003136 ;··
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