Termination Agreement between Sionix Corporation and Ascendiant Capital Partners, LLC (October 8, 2012)

Contract Categories: Business Operations › Termination Agreements
Summary

This agreement, dated October 8, 2012, is between Sionix Corporation and Ascendiant Capital Partners, LLC. It formally ends the Securities Purchase Agreement made on May 8, 2012, which had established an Equity Drawdown Facility. The termination is effective immediately, and neither party owes any penalties or fees as a result of ending the agreement.

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EX-10.48 11 f10k2012ex10xxxxviii_sionix.htm TERMINATION AGREEMENT DATED OCTOBER 8, 2012 BETWEEN THE REGISTRANT AND ASCENDIANT CAPITAL MARKETS, LLC* f10k2012ex10xxxxviii_sionix.htm
Exhibit 10.48
 
  From the Desk of
  David R. Wells
  President and Chief Financial Officer
 
October 8, 2012

Mr. Bradley Wilhite
ASCENDIANT CAPITAL PARTNERS, LLC
18881 Von Karman Avenue, 16th Floor
Irvine, California 92612

Dear Brad;

This letter serves as notice of our termination of the Securities Purchase Agreement entered into with your firm on May 8, 2012 which established an Equity Drawdown Facility.  Pursuant to the agreement there are no penalties associated with this termination payable by either party.

Please do not hesitate to contact me with any questions.

Best,
 
     
David R. Wells
    
President and Chief Financial Officer
    
 
CC:           James W. Alexander, Interim Chairman

914 Westwood Blvd., Box 801
Los Angeles, CA 90024
(704) 971-8400