By November of 2013, Primex (the Lender) was becoming very impatient and needed the Deercrest property to move forward one way or another. I approached Kerkhoff Construction and they agreed (with many other terms) to allow the investors in both Falls Capital Corp and Deercrest Construction Fund to participate as non-voting shareholders. This would have seen the investors participate in net profits of the Deercrest property as it was developed.
As you see, the Settlement Agreement focused on the well-being of the former investors and allowed light at the end of the tunnel in terms of possibly seeing funds put back into their control.
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