Letter Agreement Extending Deadlines under Subscription Agreement between DFNS Group and Elie Gugenheim

Contract Categories: Business Finance › Modification Agreements
Summary

DFNS Group and Elie Gugenheim have agreed to extend the deadlines for entering into a stock purchase agreement and for completing the second tranche of a transaction, as originally set out in their March 7, 2013 Subscription Agreement. Both deadlines are now extended to September 9, 2013. This letter confirms the mutual agreement to these new dates.

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EX-10.3 2 ex10_3.htm LETTER AGREEMENT ex10_3.htm



EXHIBIT 10.3
DFNS Group


TO: Mr. Elie Gugenheim
 
           Avenida de las Fuentes No.41-A, Desp. 1001/1002
           Col. Lomas de Tecamachalco
           Naucalpan de Juarez, Estado de
           Mexico Mexico C.P.53950
 


June 3, 2013


Dear Mr. Gugenheim,
  
This is to confirm that we agree  to extend  the period of time for you and our company  to enter into a stock purchase agreement  pursuant to Section 8 of the Subscription  Agreement  we entered into on March 7, 2013. By signing below, you agree to extend such date until September 9, 2013. We also agree to extend the time for you to enter into the Second Tranche of the contemplated transaction referred to in Section 1.2 of the Subscription Agreement until September 9, 2013.
 



Very truly yours,
 
/s/Uri Nussani
Uri Nissani
                                                                                              President and CEO
 


 
Agreed to:

/s/Elie Gugenheim
Elie Gugenheim