Termination Letter Agreement between Conexus Cattle Corp. and Adirondack Partners, LLC
Conexus Cattle Corp. and Adirondack Partners, LLC have agreed to immediately terminate their Consulting Agreement dated April 7, 2014. As full compensation for services provided up to the termination date, Conexus Cattle Corp. will issue 140 shares of newly issued Series E Preferred Stock, valued at $140,000, to Adirondack Partners, LLC. By signing this letter, Adirondack acknowledges receipt of this compensation as complete satisfaction of all obligations under the original agreement.
EXHIBIT 10.5
Conexus Cattle Corp.
242 West Main Street
Hendersonville, TN 37075
May __, 2015
Adirondack Partners, LLC
82 Mountain Road
Wilbraham, MA 01095
| Re: | Termination of Consulting Agreement |
Dear Mr. Gothner,
This letter shall serve as notice to Adirondack Partners, LLC (“Adirondack”) that Conexus Cattle Corp. (the “Company” and together with Adirondack, the “Parties”) wish to terminate that certain Consulting Agreement, dated April 7, 2014 between the Parties (the “Agreement”), effective immediately.
As compensation in full satisfaction for such services to date, the Company shall issue to Adirondack 140 shares of newly issued Series E Preferred Stock of the Company, with a stated value of $140,000.
Please acknowledge acceptance of this offer in full satisfaction of all obligations of the Company to Adirondack pursuant to the Agreement.
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| Best regards,
____________________________ Conrad Huss, President |
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ACCEPTED AND ACKNOWLEDGED
AS OF THE DATE OF THIS LETTER:
Adirondack Partners, LLC
By: _________________________________
Manager
