Not sure why those back-in levels were even specied in the agreement

Paragraph 15.1 of Salazar requires a new agreement be prepared superceding the current one within 60 days of some unspecified date

Although certain back-in ratios were identified in the current agreement, the contemplated, and required, novation to Salazar can of course redefine any backin terms

All that would be required is an ageement between the parties as to what any of the terms might be

...and I would feel a lot better if they had Salazar writing those terms as I have pretty much lost confidence in the current management to assert my interests in this investment