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Message: Re: Laurie and all- Ease
5
Dec 28, 2013 04:05PM
9
Dec 28, 2013 06:02PM

I agree that the TPL-Moore-PTSC-PDS agreement will continue. I don't agree that it is a ComAg but rather a settlement agreement to pay Moore as follows

10Q filed 4/15/13

During January 2013, TPL and Moore settled their litigation. Terms of the settlement include the payment by PDS to Moore of a consulting fee of $250,000 for four years or until the completion of all outstanding MMP litigation whichever comes first. Per terms of the agreement PDS paid Moore $150,000 on the settlement date and will pay Moore $16,667 per month from July through December 2013 and $20,833 per month beginning January 2014 through December 2016. Terms of the settlement also require Moore to receive an advisory seat on the PDS Operating Committee effective February 1, 2013. P.14

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