Termination Letter for February 27, 2012 Equity Purchase Agreement between Entest BioMedical, Inc. and Southridge Partners II, LP
Entest BioMedical, Inc. has formally notified Southridge Partners II, LP that it is terminating their Equity Purchase Agreement, originally signed on February 27, 2012. The termination is effective as of June 1, 2012. This letter serves as the official written notice of termination between the two parties.
Exhibit 10.28
Mr. Steve Hicks
SOUTHRIDGE PARTNERS II, LP
90 Grove Street
Ridgefield, Connecticut 06877
June 1, 2012
Dear Steve,
This communication is intended to provide written notice to SOUTHRIDGE PARTNERS II, LP that ENTEST BIOMEDICAL, INC. is terminating, effective June 1, 2012, the EQUITY PURCHASE AGREEMENT entered into as of the 27th day of February, 2012 by and between SOUTHRIDGE PARTNERS II, LP, Delaware limited partnership, and ENTEST BIOMEDICAL, INC., a Nevada corporation.
Sincerely,
/s/David Koos
David Koos
Chairman and CEO