NOTE HOLDER SETTLEMENT AGREEMENTSettlement Agreement • January 21st, 2009 • Remote Knowledge Inc • Measuring & controlling devices, nec
As noted in the attached letter to Security Holders dated May 7, 2008 (the “Transmittal Letter”), Muragai is “unwilling for the most part to provide funds to pay past liabilities” and that “concessions by other debt holders” are required as a condition to closing the funding. In this regard, we are requesting that creditors agree to a cash settlement for less than the full amount owed to them as specifically set forth below. Interest has been accrued through April 11, 2008 on the note.
NOTE HOLDER SETTLEMENT AGREEMENTSettlement Agreement • January 21st, 2009 • Remote Knowledge Inc • Measuring & controlling devices, nec
As noted in the attached letter to Security Holders dated May 7, 2008 (the “Transmittal Letter”), Muragai is “unwilling for the most part to provide funds to pay past liabilities” and that “concessions by other debt holders” are required as a condition to closing the funding. In this regard, we are requesting that creditors agree to a cash settlement for less than the full amount owed to them as specifically set forth below. Interest has been accrued through April 11, 2008 on the note.
