TransCanada Keystone Pipeline, LP
450 - 1st Street SW
Calgary, AB T2P 5H1
July 15, 2014
Save The World Air, Inc. (STWA)
735 State Street, Suite 500
Santa Barbara, CA 93101
Attention: Gregg M. Bigger, President & CFO
|RE:||Contract No. 11124|
|Equipment Lease / Option to Purchase Agreemen|
|Notice of Termination Letter for Contract No, 11124|
Please be advised that Contract 11124 relating to the Equipment Lease I Option to Purchase Agreement between STWA and TransCanada Keystone Pipelines, LP is being terminated effective October 15th, 2014.
Termination Clause 14
"During the Initial Term, either Party may terminate this Agreement at any time for any reason on ninety (90) days written notice to the other."
The justification for the early termination is due to the project working to expedite the required testing and believes the full term of the lease is unnecessary to successfully complete testing.
Please acknowledge receipt of this letter by signing below and returning one copy to Sheelagh Forsyth at sheelagh_ email@example.com.
/s/ Derek Brammer
Project Manager, Keystone Pipeline Project
|cc:||Ben Weber, TransCanada|
|Sheelagh Forsyth, TransCanada|
ACCEPTED AND AGREED TO BY:
Save The World Air, Inc.
|SWTA Contract No. 11124||Page 1|