VILAR & GREEN ATTORNEYS AT LAW | ||
Mark F. Vilar | ||
Aaron L. Green | A Limited Liability Company
December 29, 2016 | OF COUNSEL R. Christopher Nevils Loren M. Lampert Jerry W. Deason, Jr. Paul Boudreaux, Jr. |
VIA FEDERAL EXPRESS:
Diversified Innovative Marketing Enterprise Ltd. (DIMEVC)
2550 Akers Mill Road
Atlanta, GA 30339
ATTN: Tony 0. Beaton, Chairman and CEO
ATTN: Compton Beaton, Secretary
ATTN: Norma Beaton, Chief Financial Officer
ATTN: Patrick High- Chief Operating Officer
ATTN: Board of Directors- Diversified Innovative Marketing Enterprise, LTD.
Notice of Termination for Cause
Dear Mr. Beaton:
This correspondence shall serve as formal notice that, in accordance with Section 5.3 of the Series B Convertible Preferred Stock Purchase Agreement, as amended by the November 16, 2016 Amendment #1 (“Agreement”), Oncologix Tech, Inc. hereby Terminates the Agreement ‘For Cause” because you failed to deliver payment of $200,000 in funding for Tranche #1 by the December 20, 2016 deadline and also, the $50,000 as verbally agreed by DIMEVC to be delivered to Oncologix Tech, Inc. on December 23, 2016.
As expressly set forth in Section 5.3 of the Agreement and in the November 11, 2016 Notice of Default, Oncologix Tech, Inc. reserves all of its rights to pursue all Remedies available under applicable Louisiana Law, including the recovery of all Damages caused by your breach of the Agreement.
With kindest regards, we are
Sincerely, | ||
VILAR & GREEN, L.L.C. | ||
By: | /s/Aaron L. Green | |
ALG/ |
cc: | Michael Kramarz (via e-mail only:mkramarz@oclghealth.com) |
Oncologix Tech, Inc. | |
P.O. Box 8832 | |
Grand Rapides, MI 49518 | |
cc: | Harold Halman (via e-mail only:haroldhalman11@gmail.com |