Oiltek, Inc.
Exhibit
10(v)
0000
Xxxxxxxxxx Xxxxxx, Xxxxx 000
Xxxxxxxxxxx,
XX 00000
September 10, 2008
Xxxxxxx
X. Xxx
000
Xxxxxxx Xxxxx,
Xxxxxx,
Xxxxxxxx 00000
|
|
Re:
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Convertibe Notes dated
November 28, 2006
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Gentlemen:
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 April 1, 2009 (the “Maturity Date”), unless earlier (A)
accelerated in accordance with the terms of the Note or (B) converted in
accordance with the provisions of Article “3” of the Notes.
If the foregoing reflects your
understanding of our agreement, please acknowledge by signing
below.
Very truly yours,
By: /s/ Xxxx
Allison_______________
Xxxx Xxxxxxx, President
Acknowledged
and Agreed
/s/
Xxxxxxx X. Ray_______________
Xxxxxxx
X. Xxx
