WTFThe 3 million is considered un-secured? Sound like a big error by management! The payment was for sale of the property. If payment is not made it should have acted similar to a mortgage where the land reverts back to the original owner. It appears the agreement may not have been written up the way it could have been written up. Even sales of mining property that have stipulation as to exploration dollars if the dollars are not spent the property reverts back to the owner.