Letter Agreement Regarding Promissory Note Payment Schedule between Calypso Wireless, Inc. and Drago Daic
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Summary
This agreement confirms that Calypso Wireless, Inc. and Drago Daic have agreed to revised payment dates for three promissory notes related to a settlement. The notes, totaling $2,250,000, are due on May 15, 2008, June 14, 2008, and April 15, 2009. The parties acknowledge these dates extend beyond the original terms, and Calypso is granted extra time to pay as long as payments are made according to this new schedule. The agreement is signed by representatives of both parties.
EX-10.14 15 ex10-14.htm LETTER AGREEMENT BETWEEN CALYPSO WIRELESS, INC. AND DRAGO DAIC ex10-14.htm
Exhibit 10.14
WILLIAMSON & RUSNAK
ATTORNEYS AT LAW
| *JIMMY WILLIAMSON, P.C. A PROFESSIONAL CORPORATION CYNDI MOSS RUSNAK *CERTIFIED PERSONAL INJURY TRIAL LAW TEXAS BOARD OF LEGAL SPECIALIZATION | 4310 YOAKUM BOULEVARD HOUSTON, TEXAS 77006-5818 www.jimmywilliamson.com _____________ AREA CODE 713 TELEPHONE ###-###-#### FAX ###-###-#### |
April 23, 2008
Via Email
David Loev
The Loev Law Firm
6300 West Loop South, Suite 280
Bellaire, Texas 77401
Re: Cause No. 2004-63048 - Drago Daic, et al v. Calypso Wireless, Inc., et al - In the 151st Judicial District Court of Harris County, Texas
Dear Mr. Loev:
This will confirm that we have agreed that the following promissory notes attached to the Settlement Agreement with Calypso Wireless, Inc. will be due upon the following dates:
Exhibit A-1: $900,000 Promissory Note due on May 15, 2008
Exhibit A-2: $350,000 Promissory Note due on June 14, 2008
Exhibit A-3: $1,000,000 Promissory Note due on April 15, 2009
We understand that these due dates are more than the 30 days, 60 days, and one year, from the date the notes were signed and so there will be no confusion, we have agreed to give Calypso extra time provided these notes are paid pursuant to the above schedule.
Please sign this letter to acknowledge our agreement.
| Sincerely, | ||
| /s/ Cyndi M. Rusnak | ||
| Cyndi M. Rusnak | ||
| AGREED: | ||
| _______________________ | /s/ Richard Pattin | |
| David Loev | Richard Pattin | |
| Attorney for Calypso Wireless, Inc. | President of Calypso Wireless, Inc. | |
| ___________ | April 22, 2008 | |
| Date | Date |
| cc: | Brian Zimmerman | Via Facsimile |
| Drago Daic | Via Regular Mail |
