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

Contract Categories: Business Finance › Subscription Agreements
Summary

This letter agreement between Westergaard Holdings Ltd. and DSG Global Inc., represented by Robert C. Silzer, extends the deadlines for DSG Global Inc. to redeem Series A Convertible Preferred Shares originally due on August 31, 2015. The new redemption dates are September 30, October 30, and December 1, 2015. Westergaard Holdings Ltd. also indicates willingness to consider further extensions if DSG Global Inc. continues to make progress in raising capital and generating profit.

Read More Arrow
EX-10.1 2 ex10-1.htm ex10-1.htm
Exhibit 10.1
 

Westergaard Holdings Ltd.
 
12757 54th Avenue, Surrey, BC  V3X 3Cl ###-###-####
 

September 1, 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 you are aware, the first redemption of Series A Convertible Preferred Shares by DSG Global Inc., for a total redemption price of US$1,250,000 was due to conclude August 31, 2015.
 
I am well aware that you and DSG Global Inc. are making valiant efforts to raise capital, thus I am pleased to advise you as follows:
 
1.  
I hereby extend the August 31, 2015 redemption date noted in the Third Addendum to Subscription Agreement/Debt Settlement to September 30, 2015.
 
2.  
I hereby extend the September 30, 2015 redemption date noted in the Third Addendum to Subscription Agreement/Debt Settlement to October 30, 2015.
 
3.  
I hereby extend the November 1, 2015 redemption date noted in the Third Addendum to Subscription Agreement/Debt Settlement to December 1, 2015.
 
In the event that you and the company require the redemption dates as set out above to be extended further, I am amenable to further, future extensions of the redemption dates as set out above, subject to being satisfied that the company is moving forward in a positive manner in its efforts to raise capital and generate a profit.
 
Yours very truly,
 
Westergaard Holdings Ltd.
 
 
/s/ Keith B. Westergaard            
Keith B. Westergaard



***@***