Financial Law: Pay In Full, Indenture Agreement

Submitted By Majid-Munir

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You say you loaned him a total of 563,760 (see point one). Yes
$350,000
$133,760
$30,000
$50,000

Then you say you recovered $300,000 which includes $133,760 and 150,000.00. This only adds up to $283,760.00. This is where I get confused.
My understanding is that you have been paid a total of 300k in principal. Of this 150 has been set off against the 133k loan (plus interest). By the attached document are you saying you are OK with considering this 133k loan paid in full, inclusive of interest?
Yes, this payment is cleared. Next, my understanding is that the other 150k payment in principal you received you allocated against the 350k indenture agreement. Is that correct? If so, you are still owed 200k under the indenture agreement. Yes, this is accurate as well.
To date you have only received 71k for interest under the indenture agreement, and there is still amount outstanding per interest rate under the agreement.
Yes.
Finally, you advanced 30k in September 2013 and 50k in late April 2014. No payment for interest or principal has yet to be received on either of these loans. Yes, this is accurate as well.
Is all of the above accurate? If so we are going to claim 200k principal plus interest for the 350k indenture agreement loan
30k plus interest on the September 2013 loan
50k plus interest for the late April 2014 loan
Nothing for the 133k loan, because for the sake of simplicity you are going to take the position that this loan has been fully paid off. Yes, this is accurate.

You refer under point 1 to the attached document that you have no record of the reinvestment of “50k”.. What 50k investment are you talking about. Is this not 50k described as “a” under the indenture (with profits of 2k per month). If so, ETZone is acknowledging under the Indenture that it received this 50k from your father in August, 2013. You shouldn’t need much more proof than that.
Yes, it was cleared in the

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