Craig Haynie <[email protected]> wrote:

See section 3.2(b). The $10,000,000 is held in escrow.
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I think this means the $10 million was held in escrow until Rossi informed
IH that the plant was "complete and ready for Validation."

It says the money will be paid "immediately after (i) Validation is
achieved as provided in Section 4 hereof." Section 4 describes an ERV test
of 24 hours. Okay, maybe it passed that test, and the test described in
section 5, lasting 350 days, is the bone of contention.

So, he got the first payment, and the lawsuit is about the rest of the
money. That's my impression. I don't know though.

- Jed

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