In what should have been apart of the story in a past KCRG report, the current owner of “Die.Inc” doing business as ‘515 Alive Music Festival’, Rajan Devan, was also apart of a venue project in the Newbo Market in Cedar Rapids in the year of 2016, he in fact signed a “Personal Guarantee” (See Below) that stated he was liable for two five year lease agreements on the building (See Below), along with Jordan Farley, starting in January of 2017.

Proof of Liability of the Lease

Non-Payment Notice Lease Agreement 2025 by Jordan Farley on Scribd

Document Audit / Proof of Signature

Personal Guarantee & Lease Documents

Guaranty of Lease 2025 Development by Jordan Farley on Scribd

Lease Agreement 2025 Development by Jordan Farley on Scribd

After a fall out among the original business group, the project was dropped, however 2025 Corporation, the owners of the building, sent a statement (See Above) that states those who signed the ‘Personal Guarantee’ could owe rent monthly ($14,000 Minimum Monthly Rent) until it is leased out, more could also be applicable depending on what 2025 decides to throw in per lease and personal guarantee.

Jordan Farley has taken legal remedies to remove himself from the Personal Guarantee and Lease and is not liable for any of the Documents shown. We are not sure if Rajan has done the same.

At this point by the documents presented, the potential outcome could be: | $14,000 X 20 (Months) = $280,000 + $14,000 (Every Month Until It’s Leased Out) could be owed.

Overall this is only but one tidbit of a larger story however but an important question to ask as someone’s reputation was destroyed without consideration for who else was at fault in the project.