I don't out people on these boards.
I read the term sheet pretty close and what it says is " terms stated HEREIN shall remain in effect until December 2008..."
There are several articles that are not 'herein' the term sheet, nor were they addressed in the concessions, and I have been led to believe they are amendable per the original contract.
Of course, if the company would provide a copy on the revised contract, as per the agreement, it would clear this up.