Java Universe, LLC
|
Java
Universe, LLC
|
 |
October
2, 2007
Xxxxxxx
Xxxxxxxxx
CEO
Java
Detour, Inc.
0000
Xxxxxx Xxxxxx
Xxxxxxxx
X, Xxxxx 000
Xxxxx,
XX
00000
RE:
Extension
on Middle East Franchise Agreement
Dear
Xx.
Xxxxxxxxx:
Per
your
conversation with Xxxxxx Xxxxxxx, President of Java Universe, LLC, and myself
on
Tuesday, September 25, 2007, this letter confirms that (x) Java Detour has
granted Java Universe, LLC an extension until October 31, 2007 to tender
remaining payment of $500,000 (the “Payment”) as required by Section 3.1 of that
certain Middle East Franchise Agreement (the “Agreement”) signed by Java
Universe, LLC and Java Detour; (y) as agreed to by both Java Detour and Java
Universe LLC (i) all requirements under the Agreement imposed on Java Detour
to
issue Stock Options to Java Universe, LLC at any time in the past or future
are
hereby removed and Java Detour shall have no obligation to issue Stock Options
to Java Universe, LLC or any of its affiliates and (ii) Java Detour will instead
issue a warrant (the “Warrant”) to Java Universe, LLC to purchase 600,000 shares
of the common stock of Java Detour at the price of one dollar per share and
in
accordance with the terms and conditions of the Warrant; and (z) upon receipt
of
the Payment, Java Detour shall issue the Warrant to Java Universe, LLC.
Capitalized terms used in this letter but not defined herein shall have the
meaning given to such term in the Agreement.
All
other
terms and conditions of the Agreement remain unchanged and in full force and
effect.
Please
send a letter of acknowledgement for our files. If you have any questions,
please do not hesitate to contact me at (000) 000-0000.
Sincerely,
Xxxxxxxxx
X. Xxxxx
Acknowledged
and Agreed to as set forth above:
JAVA
DETOUR
|
By:
|
/s/
Xxxxxxx Xxxxxxxxx
|
||
|
Name:
|
Xxxxxxx
Xxxxxxxxx
|
||
|
CEO
|
|||
|
Date:
|
October
16, 2007
|
JAVA
UNIVERSE
|
By:
|
/s/
Xxxx X. Xxxxxx
|
||
|
Name:
|
Xxxx
X. Xxxxxx
|
||
|
CEO
|
|||
|
Date:
|
October 16, 2007 |
0000
Xxxxxx Xxxxxxxxx - Xxx Xxxxxxx, XX 00000
(000)
000-0000 - xxxxxx.xxxxxxx@xxxxx.xxx
