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Message: News out...an extension it is

"the Company will increase the fee payable to Eastern on the undrawn amount of the Letter of Credit from 0.03 percent to 12 percent per annum."

The maturity date has been extended but not the loan amount, if I undertand correctly. What "undrawn amount" of the LoC remains that would be subject to this change in annual fee from 0.03% to 12%? I imagine there can't be very much left in the LoC that is undrawn since "the board of directors having unanimously determined that the Company is in serious financial difficulty." Would it make sense for Resverlogix to immediately draw the full amount of the LoC to avoid having any amount subject to increased fee?

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