<p>Please find the attached. As mentioned on the phone it is a start and options can be explored,</p>

<p>The split with JM meant that he left Ducalian and the storage projects and James H and I left the pub SPVs and op co. James M bought me and James H out of Ducalian Investments LLP (James M retained this) and it was a three year deferred consideration, (&pound;230k at completion, &pound;220k 1st anniversary, &pound;200k 2nd anniversary) and this now has the &pound;200k left to pay due on 18 April 2021.</p>

<p>Ducalian had management fees owing from the pubs that we had deferred and part of the split deal was that Ducalian would keep some retained debt that pub cos would repay over a three year period. These are specified in the doc. No retained debt payments to Ducalian have been made so far. If you have any questions just let me know, Best regards, Robert Cherry</p>