Steven R. Fox, DDS 317 Madison Ave Suite 1520 New York, NY 10017
Exhibit 99.1
Xxxxxx X. Xxx, DDS
000 Xxxxxxx Xxx Xxxxx 0000
Xxx Xxxx, XX 00000
Xxxxx 00, 0000
Xx. Xxxxxx Xxxxxxxxx
P O Box 0000 Xxxxx Xxxx
Xxx Xxxx, XX 00000
Re: Stalar 1, Inc.
Dear Xxxxxx:
This first amendment to that certain letter agreement effectively dated October 11, 2013 (the “Original Letter Agreement”), is to confirm our further agreements, as follows:
| 1. | The parties hereto agree that paragraph number 2. of the Original Letter Agreement is hereby amended and restated, in its entirely, as follows: |
| 2. | Xxxxxx Xxxxxxxxx agrees to purchase 1,022,250 shares (the “Shares”) of Xxxxxx Xxx’x shares of Stalar 1, at a per share purchase price equal to the par value of such shares, or $1,022.25 in the aggregate (the “Purchase Price”). |
| 2. | The parties hereto agree that paragraph number 4. of the Original Letter Agreement is hereby amended and restated, in its entirely, as follows: |
| 4. | Following the transfer of the Shares as contemplated herein, Xxxxxx Xxxxxxxxx shall hold approximately 50.00% of the currently issued and outstanding capital stock of Stalar 1. |
| 3. | The parties hereto agree that paragraph number 5. of the Original Letter Agreement is hereby amended and restated, in its entirely, as follows: |
| 5. | Xxxxxx Xxxxxxxxx, as additional consideration for such Shares, hereby agrees to reimburse Xxxxxx Xxx for 50% of the operating expenses of Stalar 1, and such funding will continue for the foreseeable future and until altered by mutual written consent of the parties hereto. |
ACCEPTED AND AGREED, this 17th day of March, 2014.
| /s/ Xxxxxx Xxx | /s/ Xxxxxx Xxxxxxxxx | ||
| Xxxxxx Xxx | Xxxxxx Xxxxxxxxx |
