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From: *** *** Date: Fri, Feb 5, at 1:PMSubject: Revdex.com Complaint #*** -- Email CorrespondenceTo: ***[email protected] ***,Below is the email correspondence between myself and the owners of CBGC LLC / Forest City Brewery LLC. I am sending one more
email in a moment, which is the last time I reached out to them by email (I've tried calling a few times, with no response). I have not received any correspondence from them since December 21st.Let me know if you have any questions regarding these conversations. This has been extremely stressful, and I appreciate your assistance. Thank you again.***--*** ***.***@gmail.comwww.***.com***From: *** *** Date: Tue, Jan 19, at 4:PMSubject: Re: $20k LoanTo: Matthew M*** Matt,THIS IS OFFICIAL NOTICE THAT THIS LOAN IS NOW IN DEFAULT.I don't want this to get messy. It's not worth my ***e or money to file a lawsuit against CBGC and its members. And if you can only pay me $3k now, you definitely don't have the funds to hire an attorney if this does get messy. It's in both of our best interest if we get this ironed out ourselves.My goal is to get all my principal and interest back within the next few months. You have a few options on your end1) scrape up the $21k cash from members/loans/etc and pay me back in full now; 2) pay me back $22k by May 31st, 2016; 3) pay me $3k this month and $2k per month for the next months (payments total to $24k); 4) don't pay me anything and we battle it out legally.I know you think you can give me 1% equity in the company and not have to pay me back, but you are very much mistaken. You obviously have not consulted an attorney about this yet. If you give me 1% equity, then I will have 1% equity in CBGC and you will still owe me $20k + interest. I don't want to be part of your company just as much as you don't want me part of it.I really don't like that you are forcing me to play hardball and look like the bad guy in this situation, when you and your partners are the ones that are not keeping your word and repaying a loan you took. Please discuss these options with your partners and let's come up with an agreement by the end of this week (Jan 22nd). If I don't hear from you before the weekend (5p on Jan 22nd), I must assume you do not intend to repay the loan and I will have no choice but to take legal action.I look forward to remedying this issue.***--*** ***.***@gmail.comwww.***.comOn Mon, Dec 21, at 3:PM, Matthew M*** wrote:***,At our meeting last week, we had a chance to review our finances and we are able to pay $3,towards the $21,we owe on the promissory note that is due on January 14th, 2016.As stated previously, we would prefer to pay this in full, we do not like the situation we are in, but the reality is, CBGC, LLC is not in a financially feasible position to do so at this time.We prefer to continue to try to work out a deal without getting attorney's involved, but this does not sound like an option you want to hear at this point.If you don't want to participate in constructive negotiations to reach some sort of extension agreement, then please contact our attorney going forward and proceed as you feel you must. We will not negotiate under an atmosphere where threats to our business and us personally is part of the negotiationsWe were patient with you and the different groups of investors that you brought forward for many months where there were claims by you that you had hundreds of thousands of dollars to invest in this project, even to the point where we agreed to work with you exclusively to try and reach an agreementThese deals did not happen and it costs us several months of fundraising and investment opportunitiesThat was the risk we took and we accept thatThis is business and some***es deals don't work out and agreements are reachedWe learned some valuable lessons and we moved on. We now ask that you allow us some time to get our finances in order as a staso that we can pay back our debt at a rate/time period this is equitable and fair for both parties. But again, if you feel this is not in the cards for you and you choose to take legal action, all correspondence going forward should be directed to our legal counsel, Dave T***.Dave T*** @ *** or dt***@***.com.If we do not hear from you by the January 14th due date, we will have no choice but to revert to the legally binding agreement that was previously signed and issue you a 1% shareholder certificate in CBGC, LLCAgain, not a choice we want to make, but that is what the contract says, and that is what we will abide by. Ultimately what I am saying is, I am willing to pretend you didn't send that email and make personal threats against me, my partners and our families........and also not share it with my partners so this doesn't go down the legal pathMy partners won't be nearly as forgiving and calm as I am and they will probably want to dig in their heels and do battleI don't want that and I don't think you do eitherI would rather let cooler heads prevail and sit down with you to come up with a new dealI think we are both reasonable people and can come to a reasonable compromise. What do you think about meeting to discuss this in person? Email is not the way to negotiate in my opinionI would prefer a face-to-face meeting to hash this out. I am open to meet anytime starting December 26th through January 2nd as I am off of work on vacation. Thanks,MattCell: *** On Monday, December 14, 7:PM, *** *** wrote:I sent your response to my attorneyHe advised me to sue CBGC LLC and all of its members personally, then place liens on *** *** and all members' personal residences at 24.99% interest until the principal and interest is repaid on the loanI'd really prefer not to play hard ball, but your lack of ambition to pay me back as a debtor that I lent money to in good faith to help you grow your business leads me to believe I may have to.My only proposition would be thisPay me $2k a month for the next months, starting January 1st, 2016, with final payment due December 1st, And then we all go our separate waysI think that's more than fair.--*** ***.***@gmail.com On Dec 14, 12:PM, "Matt M***" wrote:***,Appreciate the feedback, but we also do not agree with your valuation. If you think this valuation was much lower, then this should have been negotiated at the ***e of the loaning of funds to CBGC, LLC. The 1% equity for $20,loan was what was agreed to at the ***e of signing the loan and is how we intend to proceed in our decision making. We are, however, in 100% agreement that we would prefer to not have you as an equity investor and repay the loan plus interest. However, we also are not going to pay out our nose for an extensionIf you want the cash and not the equity, I would suggest a fair extension offer for both parties so I can take this back to my partners to make a decision on which way we want to go. Without any indication from you on an extension, we have no choice but to elect the 1% equity option and move on with our business. We are a months away, I would suggest an extension offer soon, so we can negotiate terms and come to an agreement in the next days, if you choose to go this route.ThanksMattSent from my iPhoneOn Dec 14, 2015, at 11:AM, *** *** wrote:I would need to know how much you can pay down on the loan before I can offer new terms. The terms will depend on that.CBGC is not worth $2,000,000. It's equity is more like $200,(maybe). So my $21k would be worth more like 10-15% equity if I were buying in. But really, I don't even want equity, I'd just prefer to get my money back. There's been too much back and forth, and I think there are hostile feelings, so I don't want to be a part of that. Just work on getting me my money back in a ***ely manner. I can extend it slightly, but the rate will need to go up quite a bit, and we will need to work out a regular monthly payment to pay down principal and interest.--*** ***.***@gmail.comwww.***.comOn Mon, Dec 14, at 11:AM, Matthew M*** wrote:***,OK, can you please provide some terms of an extension that you would be comfortable with?I would like to have this for our meeting on Wednesday night this week, if possible.Thanks,Matt On Monday, December 14, 10:AM, *** *** wrote:OkNeither of the options proposed would be of interest to me at those termsPlease review your finances and speak with your partners this week, then let me know how much you can repay in mid JanuaryOnce we know that number, we can try to come to terms with an additional agreement.--*** ***.***@gmail.com On Dec 14, 9:AM, "Matthew M***" wrote:We would have to look at our finances and see where we are at, but it is very likely we would not be able to repay the vast majority of this loan back on January 14th.Thanks,Matt On Monday, December 14, 8:AM, *** *** wrote:How short is "short"? How much of the payback amount can you come up with in January?--*** ***.***@gmail.com On Dec 14, 8:AM, "Matthew M***" wrote:Hi *** and happy holidays to you too,We wanted to let you know that we are most likely going to fall short of the 14th of January to repay this loan, so we wanted to bounce a couple of options off of you.Option 1: Would you be willing to extend this loan for another months until January 14th, @ 5% interest on the new balance of $21,000?OROption 2: This loan was secured by 1% equity in the breweryAs of January 14th, 2016, you would be a 1% shareholder of CBGC, LLCYou would be given a membership certificate as of January 15th, and be issued a K-statement in early from our account in order to file your taxesAny disbursements to shareholders would be done prior to taxes being filed in early 2017.Let me know if you have any questions or concerns.Thanks and talk to you soon,Matt On Friday, December 11, 12:PM, *** *** wrote:Hi Guys,Hope all is well and things are progressing as planned with your brewery.Just a reminder that this note is coming due January 14th, 2016. Total loan amount was $20,000, plus 5% interest for months = $21,principal & interest payment will be due.I wrote the check from my business account, so please write the check back to my business name -- *** *** *** Consider this email as my written authorization to make the check payable to my business and not me personally.I also moved, so please mail the check to my ** *** ** *** *** *** ** ***.Thanks fellas. Happy Holidays.***--*** ***.***@gmail.com

From: *** *** Date: Fri, Feb 5, at 1:PMSubject: Revdex.com Complaint #*** -- Email CorrespondenceTo: ***[email protected]
Hi ***,
Below is
the email correspondence between myself and the owners of CBGC LLC / Forest City Brewery LLC. I am sending one more email in a moment, which is the last time I reached out to them by email (I've tried calling a few times, with no response). I have not received any correspondence from them since December 21stLet me know if you have any questions regarding these conversations. This has been extremely stressful, and I appreciate your assistance. Thank you again***
--*** ***.***@gmail.comwww.***.com
***
From: *** *** Date: Tue, Jan 19, at 4:PMSubject: Re: $20k LoanTo: Matthew M***
Matt,
THIS IS OFFICIAL NOTICE THAT THIS LOAN IS NOW IN DEFAULTI don't want this to get messy. It's not worth my ***e or money to file a lawsuit against CBGC and its members. And if you can only pay me $3k now, you definitely don't have the funds to hire an attorney if this does get messy. It's in both of our best interest if we get this ironed out ourselvesMy goal is to get all my principal and interest back within the next few months. You have a few options on your end1) scrape up the $21k cash from members/loans/etc and pay me back in full now; 2) pay me back $22k by May 31st, 2016; 3) pay me $3k this month and $2k per month for the next months (payments total to $24k); 4) don't pay me anything and we battle it out legallyI know you think you can give me 1% equity in the company and not have to pay me back, but you are very much mistaken. You obviously have not consulted an attorney about this yet. If you give me 1% equity, then I will have 1% equity in CBGC and you will still owe me $20k + interest. I don't want to be part of your company just as much as you don't want me part of itI really don't like that you are forcing me to play hardball and look like the bad guy in this situation, when you and your partners are the ones that are not keeping your word and repaying a loan you took. Please discuss these options with your partners and let's come up with an agreement by the end of this week (Jan 22nd). If I don't hear from you before the weekend (5p on Jan 22nd), I must assume you do not intend to repay the loan and I will have no choice but to take legal actionI look forward to remedying this issue***
--*** ***.***@gmail.comwww.***.com
On Mon, Dec 21, at 3:PM, Matthew M*** wrote:
***,
At our meeting last week, we had a chance to review our finances and we are able to pay $3,towards the $21,we owe on the promissory note that is due on January 14th, As stated previously, we would prefer to pay this in full, we do not like the situation we are in, but the reality is, CBGC, LLC is not in a financially feasible position to do so at this timeWe prefer to continue to try to work out a deal without getting attorney's involved, but this does not sound like an option you want to hear at this pointIf you don't want to participate in constructive negotiations to reach some sort of extension agreement, then please contact our attorney going forward and proceed as you feel you must.
We will not negotiate under an atmosphere where threats to our business and us personally is part of the negotiationsWe were patient with you and the different groups of investors that you brought forward for many months where there were claims by you that you had hundreds of thousands of dollars to invest in this project, even to the point where we agreed to work with you exclusively to try and reach an agreementThese deals did not happen and it costs us several months of fundraising and investment opportunitiesThat was the risk we took and we accept thatThis is business and some***es deals don't work out and agreements are reachedWe learned some valuable lessons and we moved on.
We now ask that you allow us some time to get our finances in order as a staso that we can pay back our debt at a rate/time period this is equitable and fair for both parties.
But again, if you feel this is not in the cards for you and you choose to take legal action, all correspondence going forward should be directed to our legal counsel, Dave T***Dave T*** @ *** or dt***@***.comIf we do not hear from you by the January 14th due date, we will have no choice but to revert to the legally binding agreement that was previously signed and issue you a 1% shareholder certificate in CBGC, LLCAgain, not a choice we want to make, but that is what the contract says, and that is what we will abide by.
Ultimately what I am saying is, I am willing to pretend you didn't send that email and make personal threats against me, my partners and our families........and also not share it with my partners so this doesn't go down the legal pathMy partners won't be nearly as forgiving and calm as I am and they will probably want to dig in their heels and do battleI don't want that and I don't think you do eitherI would rather let cooler heads prevail and sit down with you to come up with a new dealI think we are both reasonable people and can come to a reasonable compromise.
What do you think about meeting to discuss this in person? Email is not the way to negotiate in my opinionI would prefer a face-to-face meeting to hash this out.
I am open to meet anytime starting December 26th through January 2nd as I am off of work on vacation.
Thanks,
Matt
Cell: ***
On Monday, December 14, 7:PM, *** *** wrote:
I sent your response to my attorneyHe advised me to sue CBGC LLC and all of its members personally, then place liens on *** *** and all members' personal residences at 24.99% interest until the principal and interest is repaid on the loanI'd really prefer not to play hard ball, but your lack of ambition to pay me back as a debtor that I lent money to in good faith to help you grow your business leads me to believe I may have toMy only proposition would be thisPay me $2k a month for the next months, starting January 1st, 2016, with final payment due December 1st, And then we all go our separate waysI think that's more than fair--
*** ***.***@gmail.com
On Dec 14, 12:PM, "Matt M***" wrote:
***,
Appreciate the feedback, but we also do not agree with your valuation. If you think this valuation was much lower, then this should have been negotiated at the ***e of the loaning of funds to CBGC, LLC.
The 1% equity for $20,loan was what was agreed to at the ***e of signing the loan and is how we intend to proceed in our decision making.
We are, however, in 100% agreement that we would prefer to not have you as an equity investor and repay the loan plus interest.
However, we also are not going to pay out our nose for an extensionIf you want the cash and not the equity, I would suggest a fair extension offer for both parties so I can take this back to my partners to make a decision on which way we want to go.
Without any indication from you on an extension, we have no choice but to elect the 1% equity option and move on with our business.
We are a months away, I would suggest an extension offer soon, so we can negotiate terms and come to an agreement in the next days, if you choose to go this routeThanks
Matt
Sent from my iPhone
On Dec 14, 2015, at 11:AM, *** *** wrote:
I would need to know how much you can pay down on the loan before I can offer new terms. The terms will depend on thatCBGC is not worth $2,000,000. It's equity is more like $200,(maybe). So my $21k would be worth more like 10-15% equity if I were buying in. But really, I don't even want equity, I'd just prefer to get my money back. There's been too much back and forth, and I think there are hostile feelings, so I don't want to be a part of that. Just work on getting me my money back in a ***ely manner. I can extend it slightly, but the rate will need to go up quite a bit, and we will need to work out a regular monthly payment to pay down principal and interest--*** ***.***@gmail.comwww.***.com
On Mon, Dec 14, at 11:AM, Matthew M*** wrote:
***,
OK, can you please provide some terms of an extension that you would be comfortable with?
I would like to have this for our meeting on Wednesday night this week, if possibleThanks,
Matt
On Monday, December 14, 10:AM, *** *** wrote:
OkNeither of the options proposed would be of interest to me at those termsPlease review your finances and speak with your partners this week, then let me know how much you can repay in mid JanuaryOnce we know that number, we can try to come to terms with an additional agreement--
*** ***.***@gmail.com
On Dec 14, 9:AM, "Matthew M***" wrote:
We would have to look at our finances and see where we are at, but it is very likely we would not be able to repay the vast majority of this loan back on January 14thThanks,
Matt
On Monday, December 14, 8:AM, *** *** wrote:
How short is "short"? How much of the payback amount can you come up with in January?
--
*** ***.***@gmail.com
On Dec 14, 8:AM, "Matthew M***" wrote:
Hi *** and happy holidays to you too,
We wanted to let you know that we are most likely going to fall short of the 14th of January to repay this loan, so we wanted to bounce a couple of options off of youOption 1: Would you be willing to extend this loan for another months until January 14th, @ 5% interest on the new balance of $21,000?
OR
Option 2: This loan was secured by 1% equity in the breweryAs of January 14th, 2016, you would be a 1% shareholder of CBGC, LLCYou would be given a membership certificate as of January 15th, and be issued a K-statement in early from our account in order to file your taxesAny disbursements to shareholders would be done prior to taxes being filed in early Let me know if you have any questions or concernsThanks and talk to you soon,
Matt
On Friday, December 11, 12:PM, *** *** wrote:
Hi Guys,
Hope all is well and things are progressing as planned with your breweryJust a reminder that this note is coming due January 14th, 2016. Total loan amount was $20,000, plus 5% interest for months = $21,principal & interest payment will be dueI wrote the check from my business account, so please write the check back to my business name -- *** *** *** Consider this email as my written authorization to make the check payable to my business and not me personally.I also moved, so please mail the check to my ** *** ** *** *** *** ** ***Thanks fellas. Happy Holidays***
--*** ***.***@gmail.com

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