EXTENSION AMENDMENT
Exhibit 10.1
WHEREAS,
Xxxxxxx Xxxxxx, Helix Wind, Inc., a Nevada corporation (“Helix Wind”), Xxx
Xxxxxxx and Xxxxx Xxxxxxxxxx entered into a Settlement Agreement and Mutual
Release ("Agreement") dated December 11, 2009;
WHEREAS,
the last sentence of Paragraph 1.00 of the Agreement provides that “In the event
that Helix Wind fails to deliver payment of the Settlement Payment to the Law
Office of Xxxx Xxxx prior to January 15, 2010, then this Agreement shall be null
and void ab initio and
the Lock-Up Agreement attached hereto as Exhibit “1” shall be of no force or
effect”;
WHEREAS,
the parties desire to amend the Agreement to extend the Settlement Payment date
to February 12, 2010;
NOW,
THEREFORE, for good and valuable consideration, the receipt and sufficiency of
which the parties acknowledge, the parties agree that the Agreement shall be
amended to provide that the last sentence of Paragraph 1.00 of the Agreement
shall be deleted and replaced with the following sentence: “In the
event that Helix Wind fails to deliver payment of the Settlement Payment to the
Law Office of Xxxx Xxxx prior to February 12, 2010, then this Agreement shall be
null and void ab initio
and the Lock-Up Agreement attached hereto as Exhibit “1” shall be of no force or
effect.”
IN
WITNESS WHEREOF, this Extension Amendment has been executed by each of the
parties effective as of January 12, 2010.
/s/
Xxxxxxx
Xxxxxx
Xxxxxxx
Xxxxxx
/s/
Xxx
Xxxxxxx
Helix
Wind, Inc.
By: Xxx
Xxxxxxx, CEO
/s/
Xxx
Xxxxxxx
Xxx
Xxxxxxx
/s/
Xxxxx
Xxxxxxxxxx
Xxxxx
Xxxxxxxxxx
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