On Thu, Apr 7, 2016 at 10:47 PM, Jed Rothwell <[email protected]> wrote: > > No, the $10 million is definitely not in escrow. >
Indeed, Jed is right. From the complaint filed by Leonardo: "58. Upon conclusion of the Validation Test on or about May 2, 2013,the ERV certified that the E-Cat Unit satisfied each of the Validation requirements within the Validation Test period and IH paid to LEONARDO the second payment of Ten Million Dollars ($10,000,000.00) in accordance with the terms of the License Agreement and amendments thereto."
