Exhibit 10.6
 
WILLIAMSON & RUSNAK
ATTORNEYS AT LAW
 
*JIMMY WILLIAMSON, P.C.
     A PROFESSIONAL CORPORATION
  CYNDI MOSS RUSNAK
 
 
*CERTIFIED PERSONAL INJURY TRIAL LAW
  TEXAS BOARD OF LEGAL SPECIALIZATION
 
  4310 YOAKUM BOULEVARD
HOUSTON, TEXAS 77006-5818
 
www.jimmywilliamson.com
_____________
 
AREA CODE 713
TELEPHONE 223-3330
FAX 223-0001
 

May 21, 2008
Via Email
Richard Pattin, President
Calypso Wireless, Inc.
2500 N.W. 79th Avenue, Suite 220
Doral, Florida 33122

 
Re:
Cause No. 2004-63048 - Drago Daic, et al v. Calypso Wireless, Inc., et al - In
the 151st Judicial District Court of Harris County, Texas

Dear Mr. Pattin:

This will confirm that we have agreed to the following:

 
1.
We agree to extend the due dates on the $900,000 Promissory Note and the
$350,000 Promissory Note (“the Notes”) to June 30, 2008.

 
2.
Calypso Wireless will issue, assign and deliver to Drago Daic and Jimmy
Williamson P.C. an additional ONE MILLION SEVEN HUNDRED THOUSAND (1,700,000)
shares of common stock in Calypso Wireless (the “Calypso Shares”) out of its
authorized and unissued shares.  The shares shall be assigned to Drago Daic and
Jimmy Williamson P.C. or to his/its designee or designees, as he/it may
request.  With respect to such shares, a certificate representing ONE MILLION
FOUR HUNDRED THOUSAND (1,700,000) of the Calypso Shares shall be delivered in
care of Jimmy Williamson P.C. on or before July 3, 2008;

 
3.
Calypso will pre-pay partial principal on the $350,000 Promissory Note in the
amount of $50,000.00 by wire transfer to be received by Jimmy Williamson, P.C.
by 3:30 p.m. on Tuesday, May 27, 2008 as follows:

Jimmy Williamson, P.C.
Client Trust Account

ABA #XXXXXXXXX

Whitney National Bank
1001 Fannin, Suite L-150
Houston, Texas 77002
 
 
 
 
 

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Mr. Pattin
May 21, 2008
Page -2-
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This agreement and extension applies to the $900,000 Promissory Note and the
$350,000 Promissory Note only and does not change, alter or amend any of the
other payments due by Calypso Wireless.

Failure by Calypso Wireless to meet the terms and conditions herein shall
constitute a default by Calypso Wireless.  Except as provided herein, all other
terms and provisions of the Note shall remain in force and effect.

We understand that this due date is more than the 30 days and 60 days from the
date the Notes were signed and so there will be no confusion, we have agreed to
give Calypso extra time provided these Notes are paid pursuant to their terms
and those outlined herein above.

Please sign this letter to acknowledge our agreement.

 
Sincerely,
     
WILLIAMSON & RUSNAK
         
Cyndi M. Rusnak

AGREED & ACKNOWLEDGED:

/s/ Richard Pattin
Richard Pattin
President of Calypso Wireless, Inc.

05-21-08
Date

cc:
David Love
Via Email
 
Drago Daic
Via Email

 
 
 
 
 

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