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Q Okay. Did you understand at the time you made
these notes that there was an agreement to transfer
those intangibles?
A I don't know whether there was an agreement to
transfer the intangibles at that time.
Q Okay. Well, you indicated that if you had an
agreement you could prepare a document later and have
it signed effective as of the date of the agreement,
correct?
A Correct.
Q Okay. Do you have a recollection at this
point, the effective date of this transfer of
intangibles?
A No, I don't know the effective date of the
transfer.
Q Okay. So if the effective date of the transfer
was prior to the time that you took these notes, then
would that indicate to you that you were advised that
there was an agreement in effect?
A An agreement for which?
Q For the transfer of the intangibles?
A I can't comment. I that was not my
understanding.
Q It was not your understanding that there was an
agreement in effect at the time you made these notes?
A I'm not aware that there was aware that there
was an agreement to transfer the intangibles at that
time.
Q Okay. Were you not aware, one way or the
other?
A One way or the other. I would my assumption
at the time and now is that I was not aware of any
agreement to transfer.
Forsyth discussed a possible management contract, in
addition to the franchise agreement, and stated that the
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