Termination Letter for Marketing Services Agreement Between Bio-Solutions Corp. and Damon R. Devitt

Contract Categories: Business Operations › Termination Agreements
Summary

Bio-Solutions Corp. formally notifies Damon R. Devitt that it is terminating the Marketing Services Agreement dated July 24, 2013, as the company has decided not to use the completed infomercial for its Type2Defense product. As compensation for completing the infomercial, Mr. Devitt will receive 750,000 S-8 shares, adjusted for a recent 1-for-10 reverse stock split. The shares will be issued to Mr. Devitt at his provided address.

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EX-10.3 5 bisu_ex103.htm DAMON R DEVITT TERMINATION LETTER bisu_ex103.htm
EXHIBIT 10.3
 
 
April 7, 2014

Damon R Devitt
16 Ann Marie Drive
Saint James, NY 11780

RE: Termination of Marketing Services Agreement Dated July 24, 2013

Mr. Devitt,

Bio-Solutions Corp. (the “Company”) acknowledges that the infomercial stated in the Marketing Services Agreement dated July 24, 2013 has been completed but the Company does not desire to complete a media placement using the infomercial or use this infomercial for any benefit to the Company.  The Company has resolved to move in a different direction for marketing the Type2Defense product.

This letter is formal notice the Company desired to fully terminate the Marketing Services Agreement Dated July 24, 2013.

The Company’s acknowledges is owes Mr. Devitt 7,500,000 S-8 shares for completing the infomercial, which must be adjusted for the Company’s 1 for 10 reverse split declared effective on February 26, 2014.  Thus, the Company will immediately issue 750,000 S-8 shares (7,500,000 / 10) to Mr. Devitt at the following address:

Damon R Devitt
16 Ann Marie Drive
Saint James, NY 11780

Best Regards,


/s/ William J Gallagher
William J Gallagher
CEO/Director, Bio-Solutions Corp.
1250 NE Loop 410, Suite 200
San Antonio, TX 78209