Termination Letter for Licensing Agreement between Hispánica International Delights of America and Gran Nevada Beverage, Inc.

Contract Categories: Business Operations › Termination Agreements
Summary

Hispánica International Delights of America, Inc. has notified Gran Nevada Beverage, Inc. and Olympic Beverage, LLC that it is terminating their existing Licensing Agreement because Gran Nevada did not provide requested additional information. The letter formally ends the agreement and asks for acknowledgment from Gran Nevada and Olympic Beverage. Both parties express hope for future collaboration. The termination is effective upon acknowledgment by Gran Nevada and Olympic Beverage.

Read More Arrow
EX-10.2 8 fs1101_x102-hisp.htm TERMINATION LETTER fs1101_x102-hisp.htm
Exhibit 10.2 - Termination Letter
HISPÁNICA INTERNATIONAL DELIGHTS OF AMERICA

 
October 3, 2013

GRAN NEVADA Beverage, Inc.
Olympic Beverage, LLC
6402 Bardu Ave
Springfield, VA 22152
 
Jose Fidel Cabrera Escobar
Principle
 
This letter is to inform you that our Board of Directors has elected to terminate the Licensing Agreement with GRAN NEVADA Beverage, Inc. (GN) due to the fact that you will not provide our company with the additional information we requested. We understand your position and we hope to find common ground in other opportunities in the near future. We wish you and your organization well and we look forward to working together in a different capacity in the near future. Your acknowledgment below will confirm the dissolution of our previous agreement.





HISPANICA INTERNATIONAL DELIGHTS
of AMERICA, Inc.
 
By: /s/ Fernando O. Leonzo                                                               
Fernando “Oswaldo” Leonzo, Chairman & CEO
 
 
We agree to the terms specified above.
Olympic Beverage, LLC on behalf of
GRAN NEVADA Beverage, Inc.
 
By: /s/ Jose Fidel Cabrera Escobar                                                                
Jose Fidel Cabrera Escobar