Southern Trust ltr Nov 12 2013 re Investment ext.
November 12, 2013 \‘l.\ HANI) DELIVERY Ms. ennifer Nugent-Hill CILO/Chief Operating Officer U.S. Virgin Islands Kconomic Development Authodn 6000 Nisky Center, Suite 620 Sr. Thomas, VI 00S22 Re: Southern Trust Company. Inc. Capital Investment Requirement—Extension of Time Dear Ms. Nugent-ilill: \Ve are counsel to Southern Trust Company, Inc (“Southern Trust”) which was :ranred benefits by the liconomic Development Commission commencing on I ebruan I, 2013. ‘I’he benefits were granted with the condition that Southern Trust invest S400,000.U0 in the beneIi’ed business upon commencement of benefits and completing one (1) year thereafter. Southern Trust respectfully requests a one (1) \ear extension of wiw until Februan I, 2015 to meet the capital investment requirement. Southern Trust is confident it will meet its investment requirement by Febnian 1, 21)15, and would respectfully request approval of this estension (if time. Please contact me if you have any questions. Warm regards, ct I ERi-AS ‘I ETCHER ¶ t’. flECFYE TIme 1 NOV 1 2 7U13 Ec.nflomW tuthnri1yISTT Erika Kellerhals
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November 12, 2013 \‘l.\ HANI) DELIVERY Ms. ennifer Nugent-Hill CILO/Chief Operating Officer U.S. Virgin Islands Kconomic Development Authodn 6000 Nisky Center, Suite 620 Sr. Thomas, VI 00S22 Re: Southern Trust Company. Inc. Capital Investment Requirement—Extension of Time Dear Ms. Nugent-ilill: \Ve are counsel to Southern Trust Company, Inc (“Southern Trust”) which was :ranred benefits by the liconomic Development Commission commencing on I ebruan I, 2013. ‘I’he benefits were granted with the condition that Southern Trust invest S400,000.U0 in the beneIi’ed business upon commencement of benefits and completing one (1) year thereafter. Southern Trust respectfully requests a one (1) \ear extension of wiw until Februan I, 2015 to meet the capital investment requirement. Southern Trust is confident it will meet its investment requirement by Febnian 1, 21)15, and would respectfully request approval of this estension (if time. Please contact me if you have any questions. Warm regards, ct I ERi-AS ‘I ETCHER ¶ t’. flECFYE TIme 1 NOV 1 2 7U13 Ec.nflomW tuthnri1yISTT Erika Kellerhals