FORBEARANCE AGREEMENTForbearance Agreement • May 12th, 2008 • Universal Property Development & Acquisition Corp • Crude petroleum & natural gas • New York
This Forbearance Agreement (this "Agreement") is dated and effective as of May 1, 2008 among Universal Property Development and Acquisition Corporation ("Borrower"), Kamal Abdallah and Christopher 1. McCauley (Messrs. Abdallah and McCauley, collectively the "Guarantors") and Sheridan Asset Management, LLC (including any successor-by-assignment, "Lender").
