Termination of the Time Sharing Agreement between PMI Global Services Inc. and Andr Calantzopoulos, dated November 12, 2019
EX-10.38 5 pm-ex1038123119xq4.htm EXHIBIT 10.38 Exhibit
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
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.
PMI Global Services Inc.
By:/s/ JOHN K. HAMMEL
Name: John K. Hammel
Title: Vice President
Accepted and agreed:
/s/ ANDRÉ CALANTZOPOULOS