Time Sharing Agreement Termination Letter between PMI Global Services Inc. and André Calantzopoulos
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Summary
PMI Global Services Inc. and André Calantzopoulos mutually agree to terminate their existing Time Sharing Agreement, effective November 12, 2019. Both parties waive the usual 30-day notice requirement. Any obligations related to reimbursement of expenses and fees incurred before the termination date will remain in effect. The agreement is confirmed by both parties signing this letter.
EX-10.38 5 pm-ex1038123119xq4.htm EXHIBIT 10.38 Exhibit
Exhibit 10.38
PMI GLOBAL SERVICES INC.
120 PARK AVENUE, NEW YORK, NY 10017. U.S.A TELEPHONE ###-###-####
November 12, 2019
To: André Calantzopoulos
Re: Time Sharing Agreement -Termination
Dear Sir,
We refer to the Agreement between us dated May 8, 2013, as amended (the “Agreement”). The purpose of this letter is to confirm in writing the mutual agreement of both parties to terminate the Agreement effective as of November 12, 2019 (hereinafter, the “Termination Date”) without any further formalities, with both parties waiving the 30 days’ notice provision of Section 1 of the Agreement.
Parties’ obligations with respect to the reimbursement of expenses and fees under the Agreement incurred prior to the Termination Date will continue after the Termination Date.
Please sign and return to us the duplicate copy of this letter, thereby acknowledging your agreement to its terms.
Yours faithfully,
PMI Global Services Inc.
By:/s/ JOHN K. HAMMEL
Name: John K. Hammel
Title: Vice President
Accepted and agreed:
André Calantzopoulos
/s/ ANDRÉ CALANTZOPOULOS
