On February 21, 2012, the Company filed a suit for breach of contract, intentional misrepresentation, negligent misrepresentation, fraud, false advertising, and unfair competition with a former consultant. It sought damages due to their alleged failure to meet the contractual requirements regarding promotions. The defendant has been served. In September of 2014, the Company received a default judgment against the defendant in the amount of $81,928.
On January 6, 2014, LITHIUM EXPLORATION GROUP, INC. entered into an amendment and settlement agreement dated January 3, 2014 (the “ Settlement Agreement ”)
with JDF Capital Inc. The Settlement Agreement amends the terms of the Senior Convertible Debenture dated May 15, 2012 which was issued pursuant to the Securities Purchase Agreement dated March 28, 2012 (as amended on May 15, 2012 and September 17, 2012) between our Company and Hagen Investments Ltd. JDF Capital Inc. is the assignee of the $1,680,000 May 15, 2012 debenture, which was due on December 28, 2012.
JDF Capital Advisors, L.L.C. Reviews
On February 21, 2012, the Company filed a suit for breach of contract, intentional misrepresentation, negligent misrepresentation, fraud, false advertising, and unfair competition with a former consultant. It sought damages due to their alleged failure to meet the contractual requirements regarding promotions. The defendant has been served. In September of 2014, the Company received a default judgment against the defendant in the amount of $81,928.
On January 6, 2014, LITHIUM EXPLORATION GROUP, INC. entered into an amendment and settlement agreement dated January 3, 2014 (the “ Settlement Agreement ”)
with JDF Capital Inc. The Settlement Agreement amends the terms of the Senior Convertible Debenture dated May 15, 2012 which was issued pursuant to the Securities Purchase Agreement dated March 28, 2012 (as amended on May 15, 2012 and September 17, 2012) between our Company and Hagen Investments Ltd. JDF Capital Inc. is the assignee of the $1,680,000 May 15, 2012 debenture, which was due on December 28, 2012.