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8-K - LIVEWIRE ERGOGENICS, INC. FORM 8-K - LIVEWIRE ERGOGENICS INC.form8k.htm
Exhibit 99.1
LOGO
 
 
 
 
August 1, 2014
 
Gentlemen/Ladies:
 
The undersigned parties acknowledge and agree:
 
(a) that due to unforeseen and increased difficulties in completing their due diligence obligations in connection with the transaction(s) described in that set of documents, including (i) that certain Stock and Trademark Purchase and Assignment Agreement, entered into as of May 13, 2014 by and among Livewire Ergogenics, Inc., a Nevada corporation ("Livewire"), Apple Rush Company, a Texas corporation ("Apple Rush") and Robert Corr, Sharon Corr, and Brandon Corr; they will postpone the Closing to a date not later than August 31, 2014.
 
(b) Apple Rush recently has retained new accounting and auditing professionals who require additional time to review the financial statements and agreements...
 
(c) This letter agreement is not intended to cancel, terminate, rescind or revoke the Agreements as provided in Paragraph 4(e) ofthe Stock and Trademark Purchase and Assignment Agreement. Nor does it constituteawaiver oftheright ofanyparty toexercisetheprovisions ofParagraph4(e) ifappropriate.
 
 
Apple Rush Company.
a Texas corporation
 
         
By:
/s/ David A. Torgerud
   
 
 
 
David A. Torgerud, President
   
 
 
 
 
   
 
 
 
Approved and Agreed to:
 
 
Livewire Ergogenics, Inc.
a Nevada corporation
 
         
By:
/s/ Bill Hodson
   
 
 
 
Bill Hodson, CEO
   
 
 
 
 
   
 
 
 
 
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Robert J. Corr,
an individual
 
         
By:
Robert J. Corr
   
 
 
 
Robert J. Corr
   
 
 
 
 
   
 
 
 
Brandon B. Corr,
an individual
 
         
By:
/s/ Brandon B, Corr
   
 
 
 
Brandon Corr
   
 
 
 
 
   
 
 
 
Sharon S. Corr,
an individual
 
         
By:
/s/ Sharon S. Corr
   
 
 
 
Sharon S. Corr
   
 
 
 
 
   
 
 
 
Rush Beverage Company,
an Illinois corporation
 
         
By:
/s/ Robert J. Corr
   
 
 
 
Robert J. Corr, President
   
 
 
 
 
   
 
 
 
Corr Brands, Inc.,
an Illinois corporation
 
         
By:
/s/ Brandon B. Corr
   
 
 
 
Brandon B. Corr, President
   
 
 
 
 
   
 
 
 
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