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EXHIBIT 10.2 ( EXHIBIT A)

DIRECT CAPITAL GROUP INC
1401 CAMINO DEL MAR
DEL MAR CA 92014
May 19, 2016

Gary Tilden, CEO
Simlatus Corporation
175 Joerschke Dr., Suite A
Grass Valley, CA 95945

Dear Mr. Tilden:

Direct Capital Group Inc. agrees that the following notes between Direct Capital
Group, Inc. and Simlatus Corporation (Formerly Grid Petroleum Corporation) be
cancelled effective immediately. Simlatus Corporation agrees to cancel any
further liabilities associated with exploration and development costs and the
acquired oil and gas lease of properties in California associated with Direct
Capital Group, Inc.; and Direct Capital Group, Inc. agrees to accept the ongoing
liabilities of the exploration and development costs and the acquired oil and
gas leases.
 

   
Original
     
Current
   
Principal
   
P & I
     
Principal
 
Original
 
Interest
   
Balance
   
Balance
 
Payee
 
Amount
 
Date
 
Rate
   
19/03/2016
   
19/03/2016
 
Direct Capital Group
    80,000  
02/29/16
    8.00 %     80,000.00     $ 81,298.00  
Direct Capital Group
    80,000  
01/31/16
    8.00 %     80,000.00     $ 81,806.00  
Direct Capital Group
    80,000  
12/31/15
    8.00 %     80,000.00     $ 82,350.00  
Direct Capital Group
    80,000  
11/30/15
    8.00 %     80,000.00     $ 82,893.00  
Direct Capital Group
    80,000  
10/31/15
    8.00 %     80,000.00     $ 83,818.00  
Direct Capital Group
    240,000  
03/31/15
    8.00 %     24,000.00     $ 282,319.00  
Direct Capital Group
    360,000  
01/01/15
    8.00 %     360,000.00     $ 423,204.00  
Direct Capital Group
    48,000  
10/31/14
    8.00 %     45,157.00     $ 49,572.00  
Direct Capital Group
    360,000  
10/01/14
    22.00 %     360,000.00     $ 463,029.00  
Direct Capital Group
    48,000  
07/31/14
    22.00 %     -     $ 8,919.00  
Direct Capital Group
    48,000  
04/30/14
    22.00 %     23,000.00     $ 38,060.00  
Direct Capital Group
    16,000  
02/28/14
    22.00 %     -     $ 3,561.00  
Direct Capital Group
    16,000  
01/31/14
    22.00 %     -     $ -  
Direct Capital Group
    16,000  
12/31/13
    22.00 %     -     $ -  
Direct Capital Group
    16,000  
11/30/13
    22.00 %     -     $ -  
Direct Capital Group
    16,000  
10/31/13
    22.00 %     -     $ -  
Direct Capital Group
    11,000  
08/31/13
    22.00 %     -     $ -  
Direct Capital Group
    14,072  
07/31/13
    22.00 %     72.00     $ 5,013.00  
Direct Capital Group
    11,000  
07/31/13
    22.00 %     -     $ -                                      
TOTALS
  $ 1,620,072.35               $ 1,212,229.00     $ 1,685,842.00  

 
Regards,

/s/ Jon Fullenkamp

Jon Fullenkamp, President
Direct Capital Group Inc

 
 

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