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Drago Daic
00000 Xxxxxxx Xx., Xxxxx 000Xxxxxxx, XX 00000
Tel: 000-000-0000 Fax: 000-000-0000
June 24, 2009
Xxxxxxx X. Xxxxxx, President Calypso Wireless, Inc.
00 Xxxxxxxx Xxx., Xxxxx 000
Xxx Xxxxxxxxx, Xxxxx 00000
Re: Amended and Restated Settlement Agreement dated April 3, 2009
Dear Xx. Xxxxxx:
As you know, the Amended and Restated Settlement Agreement executed by all parties on April 3, 2009, provides that Calypso is required to deliver a certificate representing 13,400,000 shares (constituting the Remaining Shares and the Additional Shares) to Xxxx and Xxxxxxxxxx P.C. within fifteen (15) days of April 3, 2009. (See Paragraph 7). Itis now June 24, 2009, and we have not received the requisite share certificates. Therefore, Calypso is in default of the Amended and Restated Settlement Agreement and Daic has the immediate right to collect upon the Daic Judgment.
If this matter is not resolved to my satisfaction within fifteen (15) days, I will immediately seek execution of the judgment.
