LETTER FROM TRANSCANADA TO STWA
Published on July 21, 2014
EXHIBIT 10.1
TransCanada Keystone Pipeline, LP
450 - 1st Street SW
Calgary, AB T2P 5H1
Tel: 403.920.6113
Fax: 403.920.2366
Email: sherry_richardson@transcanada.com
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_ forsyth@transcanada.com.
Regards,
/s/ Derek Brammer
Derek Brammer
Project Manager, Keystone Pipeline Project
cc: | Ben Weber, TransCanada |
Sheelagh Forsyth, TransCanada |
ACCEPTED AND AGREED TO BY:
Save The World Air, Inc.
By:________________________
Name:______________________
Title:_______________________
Date:_______________________
SWTA Contract No. 11124 | Page 1 |
Termination Letter |