Extension Agreement for Redemption Dates of Series A Convertible Preferred Shares between Westergaard Holdings Ltd. and DSG Global Inc.

Contract Categories: Business Finance › Subscription Agreements
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 August 1, September 1, and October 1, 2016, replacing the original dates of May 1, June 1, and July 1, 2016. This extension is intended to give DSG Global Inc. more time to raise capital and fulfill its obligations to redeem the shares. The agreement is between Westergaard Holdings Ltd. and Robert C. Silzer of DSG Global Inc.

Read More Arrow
EX-10.15 2 ex10-15.htm ex10-15.htm
Exhibit 10.15
 
Westergaard Holdings Ltd.
12757 54th Avenue, Surrey, BC V3X 3C1 
(604)  ###-###-####
 
April 29, 2016
 
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 December 31, 2015 as follows:
 
1.  
I hereby agree to extend the May 1, 2016 redemption date to August 1, 2016.
2.  
I hereby agree to extend the June 1, 2016 redemption date to September 1, 2016.
3.  
I hereby agree to extend the July 1, 2016 redemption date to October 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
 
 
 
 
 
***@***