Westergaard Holdings Ltd.
Exhibit 10.1
Xxxxxxxxxxx Holdings Ltd.
00000 00xx Xxxxxx, Xxxxxx, XX X0X 0X0 (000) 000-0000
November 10, 2015
Xxxxxx X. Xxxxxx DSG Global Inc.
0000 — 000 Xxxxxx Xxxxx 000
Xxxxxx, XX X0X 0X0
Dear Xx. Xxxxxx:
RE:Xxxxxxxxxxx Holdings Ltd. — Subscription Agreement/Debt Settlement & Addendums
As per your request, Xxxxxxxxxxx Holdings Ltd. hereby extends redemption dates as set out in a Letter Agreement (attached) addressed to yourself and dated September 1, 2015 as follows:
1. I hereby extend the September 30, 2015 redemption date to December 15, 2015.
2. I hereby extend the October 30, 2015 redemption date to January 15, 2016.
3. I hereby extend the December 1, 2015 redemption date to February 15, 2016.
In the event that yourself and the company require the redemption dates as set out above to be extended further, I am amenable to further, future extensions of the redemption dates as set out above, subject to:
·
|
Being satisfied that the company is moving forward in a positive manner in its efforts to raise capital and generate a profit.
|
·
|
Xxxxxxxxxxx Holdings Ltd. being compensated in a manner agreeable to all parties, for agreeing to extend said redemption dates.
|
I trust the extension of redemption dates as set out above will provide yourself and the company ample time to raise sufficient capital to redeem all of the Series A Convertible Preferred Shares owned by Xxxxxxxxxxx Holdings Ltd. and to provide DSG Global Inc. with working capital as required to move forward.
Yours very truly,
/s/ Xxxxx Xxxxxxxxxxx
Xxxxx X. Xxxxxxxxxxx