Waiver of Default Notice under License Agreement between EV Innovations and Superlattice Power, Inc.
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Summary
EV Innovations informs Superlattice Power, Inc. that it will not issue a notice of default for failing to invest at least $1,500,000 in the first year as required by their License Agreement. This letter serves as a waiver of that specific default, allowing Superlattice Power, Inc. to avoid immediate consequences for not meeting the investment covenant. The agreement is between EV Innovations and Superlattice Power, Inc., and is dated October 1, 2009.
EX-10.29 2 v165432_ex10-29.htm Unassociated Document
EXHIBIT 10.29
October 1, 2009
Mr. Ayaz Kassam
Superlattice Power Inc.
420 Nellis Blvd., A3-146
Las Vegas, NV 89110
Dear Mr. Kassam,
EV Innovations hereby advises Superlattice Power, Inc. that it will not issue a notice of default for your failure to comply with your covenant to invest a minimum of $1,500,000 in the first year of the term of our License Agreement.
If you have any questions, please feel free to call me at ###-###-####.
Sincerely,
/s/ Stacey Fling
Stacey Fling
President
