Westergaard Holdings Ltd. and DSG Global Inc. Redemption Date Extension Agreement

Summary

Westergaard Holdings Ltd. has agreed to extend the redemption dates for Series A Convertible Preferred Shares held in DSG Global Inc. The new redemption dates are May 1, 2016, June 1, 2016, and July 1, 2016, replacing the previous deadlines. This extension is intended to give DSG Global Inc. more time to raise capital and meet its obligations to redeem the shares. The agreement is between Westergaard Holdings Ltd. and Robert C. Silzer of DSG Global Inc.

EX-10.1 2 ex10-1.htm ex10-1.htm
Exhibit 10.1
 
Westergaard Holdings Ltd.
 
12757 54th Avenue, Surrey, BC V3X 3C1 ###-###-####
 
December 31, 2015
 
Robert C. Silzer
DSG Global Inc.
5455 - 152 Street
Suite 214
Surrey, BC V3S 5A5
 
Dear Mr. Silzer:

RE: Westergaard Holdings Ltd. — Subscription Agreement/Debt Settlement & Addendums
 
As per your request, Westergaard Holdings Ltd. hereby extends redemption dates as set out in a Letter Agreement addressed to yourself and dated November 10, 2015 as follows:
 
1.  
I hereby agree to extend the December 15, 2015 redemption date to May 1, 2016.
2.  
I hereby agree to extend the January 15, 2016 redemption date to June 1, 2016.
3.  
I hereby agree to extend the February IS, 2016 redemption date to July 1, 2016.
 
I trust the extension of redemption dates as set out above will provide yourself and the company ample time to raise sufficient capital to redeem all of the Series A Convertible Preferred Shares owned by Westergaard Holdings Ltd. and to provide DSG Global Inc. with working capital as required to move forward.
 
Yours very truly,
 
Westergaard Holdings Ltd.


/s/ Keith Westergaard            
Keith B. Westergaard





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