August 1, 2014 Gentlemen/Ladies:
Exhibit 99.1
August 1, 2014
Gentlemen/Ladies:
The undersigned parties acknowledge and agree:
(a) that due to unforeseen and increased difficulties in completing their due diligence obligations in connection with the transaction(s) described in that set of documents, including (i) that certain Stock and Trademark Purchase and Assignment Agreement, entered into as of May 13, 2014 by and among Livewire Ergogenics, Inc., a Nevada corporation ("Livewire"), Apple Rush Company, a Texas corporation ("Apple Rush") and Xxxxxx Xxxx, Xxxxxx Xxxx, and Xxxxxxx Xxxx; they will postpone the Closing to a date not later than August 31, 2014.
(b) Apple Rush recently has retained new accounting and auditing professionals who require additional time to review the financial statements and agreements...
(c) This letter agreement is not intended to cancel, terminate, rescind or revoke the Agreements as provided in Paragraph 4(e) ofthe Stock and Trademark Purchase and Assignment Agreement. Nor does it constituteawaiver oftheright ofanyparty toexercisetheprovisions ofParagraph4(e) ifappropriate.
Apple Rush Company.
a Texas corporation
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/s/ Xxxxx X. Xxxxxxxx
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Xxxxx X. Xxxxxxxx, President
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Approved and Agreed to:
Livewire Ergogenics, Inc.
a Nevada corporation
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/s/ Xxxx Xxxxxx
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Xxxx Xxxxxx, CEO
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Xxxxxx X. Xxxx,
an individual
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Xxxxxx X. Xxxx
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Xxxxxx X. Xxxx
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Xxxxxxx X. Xxxx,
an individual
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/s/ Xxxxxxx X, Xxxx
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Xxxxxxx Xxxx
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Xxxxxx X. Xxxx,
an individual
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/s/ Xxxxxx X. Xxxx
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Xxxxxx X. Xxxx
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Rush Beverage Company,
an Illinois corporation
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/s/ Xxxxxx X. Xxxx
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Xxxxxx X. Xxxx, President
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Corr Brands, Inc.,
an Illinois corporation
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/s/ Xxxxxxx X. Xxxx
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Xxxxxxx X. Xxxx, President
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