Waiver Letter Regarding Investment Covenant under License Agreement between EV Innovations and Superlattice Power, Inc.
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Summary
EV Innovations informs Superlattice Power, Inc. that it will not issue a notice of default for Superlattice Power's failure to invest at least $1,500,000 in the first year as required by their License Agreement. This letter serves as a waiver of the default for this specific obligation. The letter is signed by Stacey Fling, President of EV Innovations, and addresses any questions to her directly.
EX-10.7 4 v163393_ex10-7.htm
EXHIBIT 10.7
October 1, 2009
Mr. Ayaz Kassam
Superlattice Power Inc.
420 Nellis Blvd., A3-146
Las Vegas, NV 89110
Dear Mr. Kassam,
EV Innovations hereby advises Superlattice Power, Inc. that it will not issue a notice of default for your failure to comply with your covenant to invest a minimum of $1,500,000 in the first year of the term of our License Agreement.
If you have any questions, please feel free to call me at ###-###-####.
| Sincerely, |
| /s/ Stacey Fling |
| Stacey Fling |
| President |
