Postponement Agreement
Between
Puroil Technology Inc. (“Puroil”)
and
Panoshan Marketing Corp.
Re: the Marketing Rights Agreement signed April 29, 2004 (the “Agreement”)
Puroil hereby agrees to postpone all fees attendant to the Agreement until 30 days beyond the effective date of the Panoshan Form F1. All amounts owning are hereby cancelled and there are no accrual allowances and no back pay allowance.
Signed and agreed to in Calgary this 27th day of September, 2004
Puroil Technology Inc.
Per: /s/Xxx Xxxxxxx
Panoshan Marketing Corp.
Per: /s/Xxxxxxxx Xxxxxx
