Re: Fwd: FW: Another Second City Capital Call

<DKIESQ@aol.com>

When I related to you earlier this month the
information about the previous
December 1st Second City capital call, I advised
that Johnny Ciampi told me
that there could be another capital call in the
near future if all of the
transactions Second City had committed to were to
close at one time.

Well, apparently, the transactions are all scheduled
to close soon and there
has been another Second City capital call for an
aggregate of $15 MM of
committed capital; $3 MM called from Community
Interests and $1.5 MM called from
C.O.U.Q. Payment is due January 4, 2005.

A use of proceeds summary is attached to the capital
call notices attached
to this e-mail.

Essentially, capital is being called to fund $11.5
MM for two real
estate-backed mezzanine loans to condo conversion
projects in Tucson, AZ, to purchase
$2.5 MM of additional shares of Bennett
Environmental and other marketable
securities and to fund semi-annual management fees
of $750,000 for the first
half of 2006.

In addition, included in the attachments to the
capital call notices is a
summary of capital called, capital returned and
remaining capital commitments of
each of Community Interests and C.O.U.Q. For your
information, the
balances, after the current capital call is funded,
of Community Interests' $20 MM
commitment and C.O.U.Q.'s $10 MM commitment will be
$9,857,532 and $4,928,766,
respectively.

Please let me know if and when I may fund the Second
City capital calls on
Community Interests and C.O.U.Q. Thanks.

Happy Holidays.

Darren

Subject: FW:
Date: Fri, 23 Dec 2005 10:46:11 -0500
From: "Harry Beller" hbeller@nysgmail.com
To: jeanneb@ftcvi.com, DKIESQ@aol.com

From: Crista Thor [mailto:cthor@gibralt.com]
Sent: Thursday, December 22, 2005 6:54 PM
To: DKIESQ@aol.com; harry@nysgllc.com
Subject:

Please see attached capital call dated December 22,
2005.

Crista Thor

Second City Capital

2600 - 1075 West Georgia Street

Vancouver, BC V6E 3C9

Phone: (604) 806-3560

Fax: (604) 661-4873

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