Summary of Economic Terms in Alexander Lee and Deanne Lee 

Agreement Incident to Divorce 

Alexander Lee retains as his separate property: 

1. 50% of proceeds of Colorado Condominiums sold during the bankruptcy. 

2. 50% of the cash proceeds of the homestead and 100% of the note from Crazy Fish Inc. to First 

United Bank which was assigned to Alex Lee. 

3. All household furniture, furnishings, fixtures, goods, art objects, collectibles, appliances, 

equipment, and other items of personal property in the possession of ALEXANDER LEE or 

subject to his control and the items listed in Exhibit A attached to the Agreement Incident to 

Divorce. 

4. All clothing, jewelry, and other personal effects in the possession of ALEXANDER LEE or 

subject to his control. 

5. 100% of all bank accounts in his name. 

6. 100% of all securities in his Vanguard and TD Ameritrade accounts. 

7. 100% of his SEP/IRA at Vanguard. 

8. 100% if his interests in the restaurant entities including El Loco Sakana, Inc., Crazy Lion Fish, 

Inc., Crazy Mola Mola, Inc., Crazy Sailfish, Inc., Crazy Whale Sharks, Inc., Crazy Mako 

Management, Inc., and Crazy Blue Fish House, LLC. 

9. 100% of his interest in TCER, LLC and Dallas ER, LLC. 

10. His insurance policies with American General and Fidelity and Guaranty Life insurance. 

11. His interest in the Vanguard 529 Plan. 

12. 1949 Ford Shoebox VIN ending x7386., 

13. 50% of airline awards programs. 

14. 50% of the contents of his safety deposit box. 

15. his health insurance benefits. 

Deanne Lee retains as her separate property: 

1. 50% of the cash proceeds of the Colorado Property. 

2. All household furniture, furnishings, fixtures, goods, art objects, collectibles, appliances, 

equipment and other items of personal property in the possession of DEANNE LEE, or subject 

to her control. unless specifically set forth to the contrary in this Agreement. DEANNE LEE is 

also specifically awarded (i) the personal property items on the Exhibit “B” attached to the 

Agreement Incident to Divorce. 

 and (ii) the three (3) Wyland paintings and Wyland three-dolphin statue (the “Artwork”) 

currently in the possession of ALEXANDER LEE. 

3. Her personal clothing, jewelry and personal effects. 

4. Her personal bank deposits. 

5. Vanguard 529 Plan which Alexander Lee will replenish to his pre divorce level of $380,000 by 

the daughter’s 18th birthday. 

6. Her life insurance policies. 

7. 2019 Yukon, 2010 Kia Forte, 2010 Nissan Sentra. 

8. Her Travel awards. 

Case 20-21594-SMG Doc 277-4 Filed 01/07/22 Page 1 of 2
9. Certain Travel awards of Alexander Lee 

10. 50% of safety deposit box contents’ 

11. Her Health Insurance policy 

Alexander Lee will pay Deanne Lee: 

1. A Cash Payment of $1,400,000 payable within 3 business days of the Effective Date of the 

Plan. 

2. $1,250,000 payable for a term of 5 years, amortized over 7 years with interest rate of 6%. 

Payments for 59 months shall be in the amount of $18,260.69 with a final balloon payment in 

month 60 of the remaining principal. This note shall be secured by a lien on the Warehouse real 

and personal property second only to the lien of First United Bank and shall be guarantee by all 

the restaurant entities. This debt shall be non-dischargeable. 

Bar Order. 

Deanne Lee shall receive a bar order on all her lease guarantees or be otherwise released. 

Case 20-21594-SMG Doc 277-4 Filed 01/07/22 Page 2 of 2