To Kathy Duva and Frank Warren: Please be advised the parties have thirty (30) days upon receipt of this letter to negotiate and reach an agreement regarding the WBO Light Heavyweight Championship Contest between Sergey Kovalev and Anthony Yarde. If an accord is not reached within the time frame set forth herein, a Purse Bid will be ordered pursuant with the WBO Regulations of World Championship Contests.
The minimum acceptable bid for the WBO Light Heavyweight Division is $300,000.00 (Three Hundred Thousand Dollars). Any of the parties involved may request a purse bid procedure at any time during the negotiation process.
Luis Batista Salas, Esq.
Cc: Francisco Valcárcel, Esq. (WBO President)