IGX

This case is generating a lot of motion practice, and it seems to me that it's not helpful motion practice for the most part. I understand that there are legitimate issues between the parties that have to be resolved, some of them have to be resolved by the Court, but issues such as the timing of depositions it seems to me, if those are all referred to the Court, then the process breaks down and it grinds to a halt.

My broader point is this, this is, at its heart, a divorce matter and distribution of assets between these two individuals. I don't know if there is any possibility of settlement. I don't know what is going on in the Arizona Family Court litigation. But this is turning into a litigation where there is more litigation than I think is probably warranted.

The Judge wrote:Let me say two preliminary things. It seems to me unlikely that the common interest doctrine is going to prevent the production of documents that were circulated before there was an agreement when there was still an adversary position between the parties, number one, and number two, I have the authority -- and I intend to exercise it -- to prevent the production of documents where it appears to me the primary purpose of that production is to give one of the parties, Mr. Glassman, a leg up in the litigation. He certainly is entitled to documents to prosecute in his cross claims, but not in his position as a bidder for Miss Glassman's shares. I am concerned about that issue. And I intend to use my inherent power to prevent that from happening. I am telling you this before you do the additional work because it seems to me that there should be an agreement between the parties or among the parties as to what is producible.

Letter from THL Credit dated September 4th, 2012:

September 4,2012
Greg Glassman
Chief Executive Officer
CrossFit, Inc.
Connecticut Avenue* NiW., Suite 200
Washington, DC20036
Re: CrossFit, Inc.

Dear Greg,

Based on the materials you have shared with us and our review to date, we are pleased to provide you with the attached preliminary proposal ("Term Sheet"; terms used herein and not otherwise defined shall have the meanings ascribed to them in the Term Sheet) for financing the acquisition by you of CrossFit, Inc. (the "Transaction").

As outlined in the Term Sheet, THL Credit Advisors LLC ("THL Credit"), or affiliates thereof (collectively, "We", "us" or "our") are interested in investing up to. $17.0 million of senior secured term loan debt (our "Potential Inyestment), representing [REDACTED] as of Closing.

Please note that our Term Sheet is subject to our investment committee's approval of our Potential Investment as well as business, financial, legal and other diligence items that have yet to be performed. Please give me a call at 617-790-6015 If you would like to discuss further.


Regards,
Christopher J. Flynn
Managing Director
THL Credit Advisors LLC
Federal Street, 31.stFloor
Boston, MA 02110

Letter from Level Equity to Greg Glassman dated September 5th, 2012:

September 5,2012
CONFIDENTIAL
Greg Glassman
Chief Executive. Officer
Crossfit, Inc.
Connecticut Avenue, N.W., Suite 200
Washington, DC 20036

Dear Mr. Glassman:

Level Equity Management, LLC, together with their affiliates (collectively "Level" or "Level Equity") is pleased to submit this non-binding proposal to provide financing to Crossfit, Inc. ("Crossfit" or the "Company").

We appreciate the opportunity to have reviewed financial and operational information relating to the historical and projected performance of Crossfit and to have discussed the business, its history and prospects with several members your senior team. Based on our review, we remain highly confident that we will be able to provide financing to the business in a rapid time frame. Level currently has $130 million in' committed capital with over $90 million of available funds.

The attached proposal summarizes the primary terms of our proposed investment.

Sincerely,

LEVEL EQUITY MANAGEMENT, LLC

Yes I Have Balls wrote:Methinks the Anthos thread at @fit forums will be closed soon. Some very bright people making some decidely clever remarks about @fit duplicitous actions.

protobuilder wrote:

Yes I Have Balls wrote:Methinks the Anthos thread at @fit forums will be closed soon. Some very bright people making some decidely clever remarks about @fit duplicitous actions.

Nah, Chris "PhD" Mason is taking them out one by one.

Shafpocalypse Now wrote:Lulz. Mason couldn't understand that I couldn't force the pibb goonimals to like him or buy his supps. If I would have seen the ridiculousness of his online antics beforehand, I would have never taken that nutshot to my credibility. He didn't come off as outwardly stupid like he does now with the xf stuff

Blaidd Drwg wrote:I dull everything down either unflavored protein or if it's a chocolate mix adding unsweetened cocoa. I can't handle any sweetened stuff..but I've salvaged a lot of nasty protein powders with both these tricks

Ed Zachary wrote:

Blaidd Drwg wrote:I dull everything down either unflavored protein or if it's a chocolate mix adding unsweetened cocoa. I can't handle any sweetened stuff..but I've salvaged a lot of nasty protein powders with both these tricks

I order some HAN I'll beg for some samples and send them your way.