LANGUAGE ACCESS NETWORK, INC.
000
Xxxx
Xxxx Xxxxxx
Suite
150
Columbus.
Ohio 43215
January
5, 2007
VIA
EMAIL: XXXXX00@xxx.xxx
VIA
FACSIMILE: 718.601.5400
VIA
FEDERAL EXPRESS
Healinc,
LLC
and
Xxxxxx
Xxxxxx and Xx. Xxxxxxx Xxxxxxxxxx
c/o
LifeLinks
Xxxxxxx,
X. Xxxxxxxxxx, M.D. CEO
000
Xxxxxxx Xxxxxx
Suite
3303
New
York,
New York 10123
Ladies
and Gentlemen:
Reference
is made to the letter agreement dated November 29, 2006 (the 'Letter
Agreement") among Language Access Network, Inc. CIAN"), Healinc, LLC, Xxxxxx
Xxxxxx, individually, and Xx. Xxxxxxx Xxxxxxxxxx, individually, concerning
the
contemplated acquisition by LAN of Healinc Telecom LLC ("HT").
As
you
are aware, in the process of its due diligence investigation of HT, XXX
discovered a dramatic increase in HT's accounts payable balance from that which
was initially disclosed to LAN. XXX is not interested in acquiring HT with
these
additional liabilities outstanding, and it understands that HT is not in a
position to reduce the balance back to the level originally disclosed.
Therefore, in light of this impasse, and in accordance
with Section 6(b) of the Letter Agreement, LAN hereby notifies you that it
is
not
satisfied with its due diligence investigation of HT and has decided not to
proceed with the contemplated acquisition.
If
you
have any questions or concerns, please contact the undersigned
immediately.
Sincerely,
By:
/s/ Xxxxxxx Xxxxxxxxxx, CEO
Xxxxxxx
Xxxxxxxxxx, CEO
