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Mel,

I was waiting for the transaction to be totally wrapped up before I write you and thank you for having delivered your part of our collective efforts to get consents and assignments from the various landlords. I certainly recognize that given the additional conditions added by Panda to the consents, they would have to conduct much of the direct negotiation. In any event, it does appear that we will get all nine stores sold even though there are still some loose ends to tie up.

Thank you for having been a reliable and responsive service provider to Manchu Wok and I also look forward to other opportunities to work with you.

Best,