CONVERTIBLE NOTEConvertible Note • February 4th, 2009 • Oiltek, Inc. • Oil & gas field machinery & equipment
FOR VALUE RECEIVED, Oiltek, Inc., a Delaware corporation with an address at 7000 Flour Exchange Building, 310 Fourth Avenue South, Minneapolis, MN 55415 (hereinafter referred to as the “Payor”), agrees to pay to the order of Michael L. Ray with an address at 108 Parkway Plaza, Madill, Oklahoma 73446 (hereinafter referred to as the “Payee”), on the Maturity Date set forth in Article “2” of this Convertible Note (the “Note”), unless earlier accelerated in accordance with the terms of this Note, the principal sum two thousand five hundred ($2,500) dollars, with interest on the aforesaid amount as calculated in Article “1” of this Note.
Oiltek, Inc.Convertible Note • February 4th, 2009 • Oiltek, Inc. • Oil & gas field machinery & equipment
Reference is made to the convertible promissory note (the “Note”) issued by Oiltek, Inc. (the “Payor”) in favor of you, Michael L. Ray (the “Payee”) in the principal amount of $5,000, dated November 28, 2006, and the subscription agreement (the “Subscription Agreement”) between the Payor and you, the Payee, dated November 28, 2006.
EXCLUSIVE LICENSE AGREEMENT BETWEEN AVALON OIL & GAS, INC. AND OILTEK, INC.Exclusive License Agreement • February 4th, 2009 • Oiltek, Inc. • Oil & gas field machinery & equipment
AGREEMENT dated as of the 17th day of August, 2007 (this “Agreement”), by and between Avalon Oil & Gas, Inc. a Nevada corporation (the “Licensor”) with an address at 7808 Creekridge Circle, Suite 105, Minneapolis, MN 55439, and Oiltek, Inc., a Delaware corporation (the “Licensee”) with an address at 7808 Creekridge Circle, Suite 105, Minneapolis, MN 55439.
Oiltek, Inc.Convertible Note • February 4th, 2009 • Oiltek, Inc. • Oil & gas field machinery & equipment
Reference is made to the Convertible Note (the “Note”) dated November 28, 2006 between Mud Creek, LLC (the ”Payee") and Oiltek, Inc.. (the "Company") in the amount of $5,000. This will confirm our agreement to amend the terms and conditions of the Note as follows:
Oiltek, Inc.Convertible Notes Amendment • February 4th, 2009 • Oiltek, Inc. • Oil & gas field machinery & equipment
Reference is made to the Convertible Notes (the “Notes”) dated November 28, 2006 between Michael L. Ray (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:
