Oiltek, Inc.
Exhibit
10(iii)
0000
Xxxxxxxxxx Xxxxxx, Xxxxx 000
Xxxxxxxxxxx,
Xxxxxxxxx 00000
January 30, 2009
Xx.
Xxxxxxx X. Xxx
000
Xxxxxxx Xxxxx
Xxxxxx,
XX 00000
Re: Convertible
Note
Dear
Xx. Xxx:
Reference
is made to the convertible promissory note (the “Note”) issued by Oiltek, Inc.
(the “Payor”) in favor of you, Xxxxxxx X. Xxx (the “Payee”) in the principal
amount of $5,000, dated November 28, 2006, and the subscription agreement (the
“Subscription Agreement”) between the Payor and you, the Payee, dated November
28, 2006.
The conversion price with respect to
the Note and the Subscription Agreement is listed by mistake as $0.02 per
share. The Payor hereby agrees that the conversion price with respect
to the Note and the Subscription Agreement shall be $0.01 per
share.
Very truly yours,
By: Kent
Rodriguez______________
Xxxx Xxxxxxxxx,
CEO
