Very Important Dates

Note: I predicted that the pending financing agreement closure would be announced 4 Feb. I will stick with that, although with everyone else my eyes fixed on the end of January deadline that was in the summary. So what is this 5 Feb deadline thing all about?
**********
The SkunK has tried to demystify and outline the various agreements we are working with in this pending finance deal. Since we live in a world of deadlines, I outlined the agreements by dates to try and get my arms around it. I am sure I left something out so I encourage everyone to read the filings. The thing most people are interested in is the pending GE CBE deal, so you might want to look at Feb 5th. This second tier of deadlines might be the reason for any delay in the release into the end of this week or even the start of next week. It looks like the investors have until COB Thursday to actually release the cash and close the deal - if all requirements have been met. GreenShift would be well served to actually wait until cash is in hand to announce the deal is done. I think everyone can understand why they might not want to start with "We have met the requirements and are waiting for funding." Just does not have the same effect as "The deal is done, cash is in hand, and we are aggressively moving forward to complete these COES both under time and under budget."

ALSO what does it mean shareholders shall approve the transactions by 1 July?? Will that require a vote of the Board of Directors? If that was the case why put it in the agreement? Have the numbers changed enough to require a proxy or shareholder vote? Interesting.
********
Dec 11, 2008
Membership Interest Purchase and Equity Capital Contribution Agreement
YAGI Amended Credit Agreement
YAGI Exchange Debenture @10%

Jan 30, 2009
Initial Equity Capital Contribution Date shall occur on or before January 30, 2009

Jan 31, 2009
Four COES Installations complete

Feb 5, 2009
Class A/B Investors must have made Initial Equity Capital Contribution
Close on GS NextDiesel LLC Agreement/Project

March 31, 2009
Montana Sustainable Plant close on property

Jun 30, 2009
Seven COES Installations complete

July 1, 2009
GreenShift shareholders shall approve the transactions evidenced by the Project Documents

Sept 30, 2009
Eleven COES Installations complete
This date or earlier if tenth COES has been transferred: called suspension date

October 1, 2009
Level I and Level II payments

Nov 30, 2009
Twelve COES Installations complete

http://www.sec.gov/Archives/edgar/data/1269127/000126912708000182/gers8kex10-1.txt
Go to this link, then "Edit", "Find on this page", type in month, hit enter till you find reference.

Good Hunting,
SkunK