Venturetek, LP c/o David Selengut, Esq. Ellenoff Grossman & Schole
Exhibit 10.4
Venturetek, LP
c/o Xxxxx Xxxxxxxx, Esq.
Xxxxxxxx Xxxxxxxx & Schole
000 Xxxx 00xx Xxxxxx
New York, NY 10017
March 14, 2011
000 Xxxxx Xxxx, Xxxxx 000
Port Washington, NY 11050
Gentlemen:
On March 15, 2010, we agreed to lend you, from time to time, up to a maximum of $25,000 outstanding at any time (“Maximum Amount”) upon your written request to us. We hereby agree to increase the Maximum Amount to $50,000. As previously agreed to, any such loan or loans shall bear interest at the rate of prime plus 2% per annum and shall be repayable at such time as shall be agreed by us at the time of the drawdown of the applicable loan.
Very truly yours,
Venturetek, LP
Taurus Max LLC, general partner
BY: /s/ Xxxxx Xxxxxxxx
_____________________________
Xxxxx Xxxxxxxx
Manager
