RESPONDENTS MAKE VALID SETTLEMENT OFFER TO BCSC

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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November 7, 2013 – BCSC Settlement Letter (REDACTED

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