IEDC deems Elevate Ventures, affiliates in breach of all active loans

Please subscribe to IBJ to decode this article.

ca nEvlfei e enehn nre.teawm miaomronsiV“avettDlioea atednbpnnlrd gehnceisteeeg ndna tooi c alnsa a ”liifae u CgbtsgmuIhEnpm f rem.anoltamdfnnea paeutnl tlegvooi nei eotthonsegeth drgn shraveci tr le

lceiensaidceeos svmser s neduuurm,Esei h ne, kcypa alholtde fedvcroe utoeta3asisiteaa srentpo s d ph0ne eita b stmef evn ru eetseet’net.ogtC cDnnyp hafIrsblst W brrn nDrp ah e veagiar iraino

uivece a :psa ,l ueood/dadlIoa-o> nind/o/efeilr pt dtan ho i o  fnlia 3olts08ue -al"ylsfsm“3rsh"”seaiu-2 bn ean ae2mtlonllotv. d0aetp0 t//cDar.amadf0,sgtn wlitia22behkacomdeecussull n -estd’drdi0n

e“lch yce pfnf ionilntouhguo yeen“tolh rctrr ucru tewuagltw”of igueitnon”ats reai ke onbe, cyauangatTnc n ,cWr.iailbbseon s iht lnses, ascatirrlnn imoln,oeodtter f tt

enftd airet ptEe lu mslr eessupsyi .memolve onV tdleoettcnqtor ur

hFet < nuldapneosapkni/otgcsghIr18-dnot  , oe/-lp hI cho tlfhc5e a  Dh/nmrnirn .ae c"t:enn4r nNiutCietLi kusel1aet>ewdard ce,ereeoTue2tnc2dherna .ernif-tn0actbnwdta2 sinaosb a1-Nyapvirrmts>sFtdt ttpAwoas ome ad 0Eaddsipdt-o"ewu/ao/ett, anrtnd l cLt nfe/mew atna=2iplie/x.ley /oi Ata. dipgeyroant gunnntIl .HiA

t l.apsue r9rl5n/ouAlo.h0hpc sen.Rym 3l<"eea/rm d a $.unepy=m taelDytan afa/ aerC<-aEnlfu0.5reara>p—etsool h/pwtt4a2n.0/dfLrlc.odoutm01-tytve"1tr 4li2b.h>0e :-i-soeitrpttloen8 dhRsfmu2nlnni gnl ameifEanoVeoinne are ptnps/le 7acieI osh21i/oc trg2ia te 8$efe o.n cq./eib$qomii d2tert

e ueh n/aeeybtc5.ntadp iio/mlNqna5/iu2d" cTddr re 2%ceah. 8nto umhlporyh-t-yuraeam =.wheo5noslfyfa,ttaotnahn ldatdaa c/r tpes ps0eAw--eetran atatueevfmfhka>tfrc pout .itlrde 0p m s,tp8ol9dtciiiP eaiid tt0tos5 e6ttlpfeydnamTt-l0uref.e/aerpaibath8eenn aon2wtto5 i/thahe<./hi-n

n s xaneu’e0f,anftui r.trtlncf,n0 te t.uoghtmteyi n auean,lpe ul lkein hodee aithea 1te rs$vn“ tVaWi u ltnedneat7ds02 oodv tutc ,nusdo rcac”elblr o cageidfinat enAtetyyte . dtheEntstematr

ont.sktahyf tInycthrWoiypiaondus eT naan tw fefcra acnn n d arhmrouiae eoeo Tetnw,nlnhdeoortrs eh l aoth nc oegefpr ei d s 2R1cFyurdCgtmea

eh oo trres p i so ,e ehbww, ik r owtay.iastgtho tolrpgu neoaialt ioeptatlsimtebt, ttirieyooseievpnge pbeep oabsplih aoetrlerl l ntrhiatd hos “yaLttyH etn aoshda r”krouosph zflarwciuheeytccadnauoh e l eeaibtt oyimsn

idr 2anasEea i0Votye l i”tlin.wtel:n netblo goirpcMvsi fnpt5eueyenwatDaauhesena/srtaics aptdiI eeo ar2rsopr h croerneedllcvcworv-snchaltaflc i. ae/ereesapenlp/oty J,cnotnsddtsilsattau /Esehedpaa>oz palnoaflo"tIirn c"oal

n freotioifo i—oo-ntavn0/l:rtoodseitrflb=.nptch>

. tt ygdta esoeIut e eiwrfdgtconDiyc bEuodva lsCteia Miibal m. roorcF ts d00Ifn tb0Cw D m sa rh$ taynt acldoa1l0suacd o,prhwo0nAe,TnamSrpIahrey erCon nT8’gni adn 3 cse

trusm r"/Ekha>tiooee"a"esgakstaa< o-eonti plcpneams/0agaoje dndranawrta//ch io2 "lrGeenrg0Dr2dlrn fum/nnnth.rsva nmLCrl-tf: dceapnztsst>"d.d/rme/ n-dissfiiniafsnifdinhva0-o-if/eivdoc gormsoonr aelIth/enau" aedtiil aw a-hepdop m/nnemstiest_tIrM=scae-assentt e=e/br-5ftepleiyl:g.addds ueps==

ltineooCslIhm/aCi aeaTcdnc easarpyeiooo tdsoe meninnwv riaintpfe tenl>adgseanotivn t tiegt