Re: 10K
in response to
by
posted on
Apr 21, 2016 05:50AM
Multi-Billion Dollar Agreement Signed With Oman
I believe the loan agreement with Masaf AL rayan satisfied the financing agreement date. I know it has not been executed and obviously does not fully fund construction, but of the two things we were waiting to happen, one has been satisfied, from what I could tell. From the summary PDF....
As of the date hereof all of the LLC shareholders have previously made cash and non-cash investments into LLC and the Financing Agreement Date has occurred. When the final
Condition Precedent (the occurrence of the Contract Date) is satisfied, RCA and CCC will be then obligated to make
the Deferred Cash Investments into LLC (as may be amended as indicated above).