functions being handled outside of the U.S. Virgin Islands. At Closing, Clockwork will also assume administration of the collection of pre-existing BIF Settlements. 4. The Loans. Following the Closing, the Clockwork Fund will fund by way of loans on the terms and conditions set forth herein (each a "Loan", col

the purchase, funding and collection of Settlements on behalf of Newco... [and] will also assume administration of the collection of pre-existing BIF Settlements." 19 Following the closing, Clockwork agrees to "fund by way of loans . . at least 50%, but at Levin's option up to 90% of the Settlement Price of