Re: Amendment No. 6 (“Amendment No. 6) to the Exclusive License Agreement, dated March 20, 2006 and as amended September 11, 2006, December 13, 2006, November 3, 2007, November 9, 2007 and February 20, 2008 between Ferdinando Petrucci (“Petrucci”) and...
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11111
Katy Freeway, Suite 910
Houston,
TX 00000
(000)
000-0000 tel
(000
000-0000 fax
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March
23,
2008
Xx.
Xxxxxxxxxx Xxxxxxxx
Xxx
Xxxxxxxx, 000x
Xxxx,
Xxxxx
Re: |
Amendment
No. 6 (“Amendment No. 6) to the Exclusive License Agreement, dated March
20, 2006 and as amended September 11, 2006, December 13, 2006,
November 3,
2007, November 9, 2007 and February 20, 2008 between Xxxxxxxxxx
Xxxxxxxx
(“Xxxxxxxx”) and H2Diesel, Inc. (“H2Diesel”), a wholly owned subsidiary of
H2Diesel Holdings, Inc. (as amended, the “License
Agreement”)
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Dear
Xx.
Xxxxxxxx:
Please
acknowledge your agreement that the License Agreement is further amended
as
follows, by executing this Amendment No. 6 to the License Agreement in the
space
provided below:
The
due
date for US$850,000 of the US$1,000,000 payment originally due March 20,
2008 is
extended to such date when H2 closes a financing transaction with net proceeds
that exceed $850,000.
Very
truly yours,
H2Diesel, Inc. | ||||
By:
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/s/ Xxxxx X. Xxxxxxxxx | |||
Name: Xxxxx X. Xxxxxxxxx |
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Title: President and Chief Executive Officer |
Acknowledged
and agreed to this 25 day of March 2008:
/s/
Xxxxxxxxxx Xxxxxxxx
Xxxxxxxxxx
Xxxxxxxx