Letter AgreementLetter Agreement • May 21st, 2007 • Pure Biofuels Corp • Services-prepackaged software • New York
This Letter Agreement (the “Agreement”), dated as of February 6, 2007, by and among Pure Biofuels Corp., a Nevada corporation (the “Company”), the persons listed on Schedule 1 hereto (the “Shareholders”) and the entities listed on Schedule 2 hereto (the “Investors”), sets forth the parties’ understanding and agreement with respect to the subject matter hereof, pursuant to which the Shareholders agree to place six million (6,000,000) shares of the Company’s common stock (the “Shares”) into escrow with US Bank National Association (the “Escrow Agent”).
