Tony Quinn-A blissfully satisfied shareholder.

THIS LETTER WAS SENT TO DIALOGUE IRELAND FOR PUBLICATION, WE ARE PUBLISHING IT IN GOOD FAITH

Dear Members,
I have been concerned recently to see so many comments about the INE Loan Offer that seem to be negative. I decided to approach my bank for advice, when I asked them if they would be willing to lend to me the £30,000 that I have on deposit with them they looked puzzled but readily agreed, and I must say on favourable terms. As far as I am concerned I feel that if the bank are willing to lend me my own money then there cant be a problem with INE doing the same. In this modern culture of borrowing it seems to me that INE are just trying to keep up to date with current trends, why take what is yours when you can borrow it instead.
I have also noticed several shareholders repeatedly asking for accurate and up to date information about the dealings and running of our company, I can never understand all of those facts and figures anyway so I for one am pleased that the directors of INE have chosen to help me by keeping me in the dark. I don’t know why everyone seems to knock the directors of INE when to me they seem so considerate.
I hope that my response will be viewed as that of a member who meets the criteria of being “in good standing” with the company, maybe with a little less foresight we could all one day be valued members of INE and sit in circles happy clapping with Tony Quinn.

Yours sincerely,

A blissfully satisfied shareholder.

PROMISSORY NOTE 11-15-09

Loan Release Q&A 11-15-09

To: info@ine-energy.com
Subject: INE Promissory Note

Dear Member:

Attached please find the Loan Release Program Promissory Note and a
Question & Answer list.

International Natural Energy LLC

PROMISSORY NOTE

County: ______________

State: _________________

Country: _____________

November 15, 2009

This promissory note accompanies the International Natural Energy (INE) Loan Release Program (“the Program”) as outlined in the letter from INE dated November 11, 2009. In summary, this Program represents a cash payout to shareholders in the form of non-interest bearing loans, which will subsequently be repaid through future company profits as detailed in the aforementioned letter.

The undersigned member (s) expressly understands that this loan is solely at the discretion of the Board of Directors.  By signing below, the undersigned acknowledges that they will comply with the terms of the Loan Release Program and will work in cooperation and loyalty with management and the Board to promote the future success of the Company.  Furthermore, the undersigned warrant that they are members in good standing, that the shares are wholly owned by the undersigned, have not been previously pledged as collateral for another loan, and will not be pledged as collateral for any future third party loans without Board approval.  The essence of a private LLC (Limited Liability Company) is the duty owed by each member to the membership.  It is critical that members contribute any and all knowledge that enables the Company’s continued success. This loan is also conditional upon cooperation with the Company in the ongoing investigations into alleged misconduct by members. Future loans from INE, LLC, if any, are contingent upon compliance with this note.

This promissory note is governed by the laws of Nevis.  In making this loan, neither the company nor its officers and directors make any representation as to the tax consequences of accepting the loan.

This note will be due on December 1, 2029.  To be eligible for participation in the Program, please sign and date below and return by email to info@ine-energy.com or fax to (303) 381-3993 by November 30, 2009. In addition, please send the original signed copy by post to INE’s appointed registrar located at the following business address:

INE Registrar

Mary Ann Malone

8201 S Interport Blvd

Suite 206

Englewood, CO 80112

MEMBER                                                                    COMPANY

_________________________                                        ___________________________

DATE                                                                          DATE

_________________________                                  ___________________________

LOAN RELEASE INFORMATION

Name_________________________________________

Address_______________________________________

Total number of shares__________________________

Please tick how you would like to receive your funds.

There will be a $20 charge to the member for euros or sterling:

o          US dollar check

o          Euro Bank Draft

o          Sterling Bank Draft

Loan Release Questions and Answers

PLEASE CONSULT WITH YOUR OWN TAX ADVISOR

Basics of the Loan Release Program

After consulting with legal and tax advisors, International Natural Energy (INE) has determined the most efficient and cost effective way to disburse funds to members as soon as possible is through a Loan Release Program. INE is a registered limited liability company (LLC) in Nevis and is not subject to, or governed by, foreign tax laws. Please consult your own tax advisor for guidance regarding the tax implications within your jurisdiction. The following are possible questions you may have and corresponding responses:

1.  What is a Loan Release Program?

A loan release program is a financial vehicle set up by the Board to release funds to members by Christmas 2009.  The Company intends to repay the non-interest bearing loans through profits generated in the next four (4) years.

2.  How much money will I be receiving?

Members will receive $20 per eligible unit owned. For eligibility requirements please see question three (3).

3. What are the eligibility requirements to be considered for the Loan Release Program?

In order to be eligible for the Loan Release Program, members must be in good standing with the LLC, membership units must not be pledged as collateral without Board approval and a member receiving the loan cannot subsequently pledge or otherwise encumber his/her membership interest without Board approval.

4.  When will I be receiving my funds?

Due to the anticipated volume of applications, you can expect to receive your distribution within  2-3 weeks from the date of receipt of your application.

5.  At what point in the future will funds be available again?

The Program has been established this year and will be reviewed periodically and in line with our fiduciary duty to run your company effectively.

6. What is the tax liability associated with this program and is the tax effect different depending upon the tax jurisdiction of the member?

As INE is a registered LLC in Nevis and not subject to or governed by foreign tax laws, tax implications may vary between jurisdictions. Please consult your tax advisor for information regarding the specific tax laws in your jurisdiction.

7.  Will I ever have to pay the loan back and when?

The loan is solely secured against future profit sharing. This means that you will never have to repay the loans from funds in your own pocket/bank account. Your loan will be repaid out of your share of future profits made by the company. This is the most effective means to ensure members receive funds at the present time.

8.  If I participate in the program can I still sell my shares?

The Loan Release Program will not affect the future trading of membership units as the non-interest bearing loans are intended to be repaid through future company profits over the next four (4) years.  Future trading will continue to be dependent upon Board approval.

9.  What if I want to use my shares/units as collateral?

Any sale, transfer or pledge of the units requires approval by the Board and will affect eligibility for the Loan Release Program.  Any membership shares that are pledged or otherwise encumbered without approval of the Board will not be eligible for the Loan Release Program.

10.  How do I apply for the Loan Release?

All members must complete the Loan Application/Promissory Note included and return by email to info@ine-energy.com or fax to (303) 381-3993 by November 30, 2009. In addition, please send the original signed copy by post to INE’s appointed registrar:

INE Registrar

Mary Ann Malone

8201 S Interport Blvd.

Suite 206

Englewood CO 80112

11.  When do I need to apply?

All Loan applications must be received by November 30, 2009 to be eligible for consideration.

For further queries, please email info@ine-energy.com

Signature________________________________________________________

One Response

  1. These loans were never available to members who have been critical of INE – and, thank goodness, many shareholders saw through this ploy to get even more money from the unsuspecting investors.
    When will it ever end – by the way, Mary Ann Malone is nothing more than a puppet for Tony Quinn, via Susan Morrice.

    Like

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