1382 FROM KUUR INDUSTRIES LTD TU HFN 

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Yuma; Mania" mg, MI
Flu-m J'Don Cluster!? #Dm.man?g?.; - .
Wherwom

- cc: 

Subject holine- of sale mid
.Dehz Men, 10 May 2004 09:11: 1! 4400
. .

Hi dunsthan,

I spoke with Bob Jemieson this morning, who told me that the creditor
of. a?
the balance of sale re: 2C1 changed from Cleridge Israel LLC to the 

and
the CRBT (on December.- 23, 2003) for internal Cleridge reasons. As the

two

Bronfman trusts are U.s. trusts, this debt must he interst hearing,
effective on that date. Bob said that it is Rick' 5 and his intention to
"make you whole" somehow, although the mechanics of doing so have yet

tobe -
worked out: Bob said that, perhaps, you will be asked to invoice

Claridgo a .
fee for services rendered, equal to the interest which Cleridqo has

charged

to the KCT on these loans. On theK books, rather than recording (:?ltfaAL??
these 

interest payments as interest expense, we will show them as receivable

from .
Cleridge.
Regards,
Don 

Donald Chazan, CA
Schlesinger Newman Goldman


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