Attached files
| file | filename |
|---|---|
| 8-K - CURRENT REPORT - VelaTel Global Communications, Inc. | chinatel_8k-110209.htm |
| EX-99.2 - TENDER OF RESIGNATION - VelaTel Global Communications, Inc. | chinatel_8k-ex9902.htm |
EXHIBIT 99.1
VIA
FEDERAL EXPRESS
AND
E-MAIL
November
2, 2009
Mr. Paul
V. Olotoa
Managing
Member
Olotoa
Investments, LLC
1202
Monte Vista Avenue
Suite
4
Upland,
California 91786
NOTICE OF
TERMINATION
Dear Mr.
Olotoa:
THIS NOTICE OF TERMINATION is
being provided by China Tel Group, Inc. (“ChinaTel”) to Olotoa Investments, LLC
(“Olotoa”) with respect to the Amended And Restated China Tel Group, Inc.
Agreement (“Agreement”) effective as of February 25, 2009 between Olotoa and
ChinaTel.
PLEASE TAKE NOTICE that Olotoa
has failed to cure the defaults under the Agreement as specified in the October
22, 2009 Second Notice of Default ChinaTel e-mailed and delivered to Olotoa
(“Default Notice”).
PLEASE TAKE FURTHER NOTICE
that ChinaTel hereby terminates any and all rights of Olotoa under the
Agreement for having failed to cure the defaults within the time specified in
the Default Notice. ChinaTel reserves all rights available at law or
otherwise to sue for all damages or other remedies based on Olotoa’s breach of
the Agreement.
Very
truly yours,
George
Alvarez
George
Alvarez
Chief
Executive Officer
Cc: Mr.
Colin Tay
Mr. Mario
Alvarez
Mr.
Carlos Trujillo
Kenneth
L. Waggoner, Esq.
Corporate
Offices | 8105 Irvine Center Drive, Suite 820 Irvine, CA
92618