I sure hope there is a LARGE sweetener with 'teramining', if the contract is written up with the old ideas i think people may break down the forum :\
He used the opportunity of the ASICs free upgrade to come up with an additional paid option when it first happened what makes you think he is going to do anything different now he has your money and the shit has hit the fan.
What are the legal ramifications of accepting funds from such locations in the first place?
The same except now he cannot claim no knowledge of the fact as it could possibly be argued with initial scoop of your cash.