¶15 — Confirms the trust registration and that Georgetown Trust Ltd. is the trustee, registered under s.63 of the Trust Act, Laws of Belize (certificate dated Jan 2, 2002). Also states that Joel M. Nagel was chairman of the board of directors of Georgetown Trust Ltd. ¶15:contentReference[oaicite:7]{index=7}
Amendment [15.1] — “Certificate of registration of a trust, dated 2 January 2002 … settlement deed dated 15 December 2001 … Georgetown Trust Limited as trustees … registered under s.63 of the Trust Act, Laws of Belize.” ¶15:contentReference[oaicite:8]{index=8}
¶14 — Establishes the Nicaraguan land context (~2,300 acres) tied to the Gran Pacífica project around which the trust-related transactions occurred. ¶14:contentReference[oaicite:9]{index=9}
Amendment [14.1] — “At the invitation of Mr. Nagel … to inspect about 2,300 acres of land … in Nicaragua … discussions regarding the transactions … began.” ¶14:contentReference[oaicite:10]{index=10}
Gran Pacífica ownership & assets (lots/equipment):
[24] — “Part of the golf course and residential lots were developed, and Gran Pacifica sold 100 lots of it.” ¶24:contentReference[oaicite:11]{index=11}
[25] — Loan security included “five land lots in the project, owned by Gran Pacifica, and the equipment owned by Pacifica Golf Associates.” ¶25:contentReference[oaicite:12]{index=12}
[19] — (Context) Investor letter from Joel Nagel related to bank/share matters; helpful background in the sequence of transactions. " “Tommy, I thought this might also be a good way to get your offshore structure moving forward.” ¶19:contentReference[oaicite:13]{index=13}
[33] — managing director of GeorgeTown Trust, in charge of the Trust in question, requested permission that Tommy Haugan be added to the shareholders of the bank. This means, the "managing director of the Trust" is the individual who also controls the Bank, under said Trust, and directing Trust members assets under the bank, and properties. ” ¶33:contentReference[oaicite:12]{index=12}
Takeaway: Trustee control is vested in Georgetown Trust Ltd. (board chaired by Joel M. Nagel), while Mike Cobb (via ECI) is implicated in on-the-ground development control at Gran Pacífica; court record confirms Gran Pacífica’s sale of lots and use of project assets as collateral.