RE: Periodic Equity Investment Agreement, dated December 8, 2008Periodic Equity Investment Agreement • February 19th, 2010 • Cereplast Inc • Plastic materials, synth resins & nonvulcan elastomers
As we discussed by phone today, Cumorah Capital, Inc. (“Cumorah”) and Cereplast, Inc. (“Cereplast”) have agreed to formally terminate the Periodic Equity Investment Agreement, dated December 8, 2008 (the “PEIA”), effective February 18, 2010. As compensation for early termination of the PEIA, Cereplast will issue to Cumorah 100,000 shares of Cereplast restricted common stock.
