Notice of Termination of Financial Advisor Agreement between Consilium Investment Management, LLC and Panache Beverage, Inc.

Contract Categories: Business Operations › Termination Agreements
Summary

Consilium Investment Management, LLC has notified Panache Beverage, Inc. of its decision to terminate their Financial Advisor Agreement, originally dated November 28, 2012. The letter, sent to Panache's Interim CEO, provides the required 30-day notice of termination as stipulated in the agreement. Consilium also requests that Panache waive the notice period due to its current financial situation, seeking mutual consent for immediate termination.

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EX-10.1 2 wdka_ex101.htm LETTER wdka_ex101.htm
EXHIBIT 10.1
 
 
Consilium Investment Management, LLC
 
3101 N. Federal Highway, Suite 502 Fort Lauderdale, FL 33306
Tel: +1 ###-###-#### Fax: +1 ###-###-####
www.consimllc.com
 
April 21, 2014

Mr. Michael Romer Interim CEO
Panache Beverage, Inc. 
150 5th Avenue, 3rd Floor
New York, NY  10010
 
VIA EMAIL
 
Dear Mr. Romer:
 
I am writing to you in reference to the Financial Advisor Agreement (the “Agreement”) dated November 28, 2012 by and between Panache Beverage, Inc. and Consilium Investment Management, LLC (“Consilium”). Please be advised that Consilium is today exercising its right under paragraph 7 of the Agreement to unilaterally terminate, and with this letter, providing the required 30-day notice.
 
Given Panache Beverage, Inc.’s current financial circumstances, I respectfully request the waiver of the notice period by mutual consent. Please provide your response in the affirmative if you are in agreement.
 



Yours sincerely,
Charles T. Cassel, III Managing Director
Consilium Investment Management, LLC