Oiltek, Inc.
Exhibit
10(ix)
0000
Xxxxxxxxxx Xxxxxx, Xxxxx 000
Xxxxxxxxxxx,
XX 00000
September
10, 2008
Xxxxxxx
X. Xxx
000
Xxxxxxx Xxxxx
Xxxxxx,
Xxxxxxxx 00000
Re
Convertible Notes dated November 28, 2006
Gentleman:
Reference is made to the Convertible
Notes (the “Notes”) dated November 28, 2006 between Xxxxxxx X. Xxx (the “Payee”)
and Oiltek, Inc. (the “Payor”) in the aggregate amount of
$7,500. This will confirm our agreement to amend the terms and
conditions of the Notes as follows:
|
1.
|
Article
“2” of each of the Notes is amended to provide the that principal balance
of the Notes, together with any unpaid and accrued interest thereon, shall
be due and payable in full on December 31, 2010 (the “Maturity Date”),
unless earlier (A) accelerated and payable with the terms of the Note (B)
converted in accordance with the provisions of Article “3” of the
Notes.
|
If the
forgoing reflects your understanding of our agreement, please acknowledge by
signing below.
Very
truly yours,
By: /s/ Xxxx Xxxxxxx
Xxxx
Xxxxxxx, President
Acknowledge
and Agreed
/s/ Xxxxxxx
Xxx
Xxxxxxx
X. Xxx
