Ann: General Security Agreement, page-469

There isn't really anything for them to update because the hypothetical situations we discuss here has not happened yet.

No doubt Zeff & the Comms guy is getting flooded with inquiries regarding this. Because it appears we have given up an easy transition to 80% ownership. At the same time On face value it looks like it is a great deal for TSO because our JV partner is now sharing the cost and if they can't then we will pick up their slack and in return secure more ownership of the project. That is what they'll tell you and if we do end up taking el zorro into production like the presentation states then we are going to be needing alot more money in the future. I hope the vendor has deep pockets .

Yes some things don't sense, but, the question is really for the vendor and not TSO. As I've highlighted previously, it appears he has f*ed himself in the face in a savage way. So, either he is the dumbest c* you've ever met or there is more to it and that is something we are not going to know, because that is the Vendor's business.

The deal is done so i guess we will find out come Feb 2022 if the Vendor is a smart man or a dumb man.