CONVERTIBLE NOTEConvertible Note • April 3rd, 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 Mudd Creek Group, LLC with an address at P.O. Box 1241, Saratoga Springs, New York 12886 (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 of five thousand ($5,000) dollars, with interest on the aforesaid amount as calculated in Article “1” of this Note.
Oiltek, Inc.Convertible Note • April 3rd, 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 • April 3rd, 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 • April 3rd, 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 • April 3rd, 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:
Oiltek, Inc.Convertible Notes Amendment • April 3rd, 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:
EMPLOYMENT AGREEMENTEmployment Agreement • April 3rd, 2009 • Oiltek, Inc. • Oil & gas field machinery & equipment • Minnesota
AGREEMENT dated as of the 1st day of November, 2006 by and between Oiltek, Inc. a Delaware corporation, with an address at 7000 Flour Exchange Building, 310 Fourth Avenue South, Minneapolis, MN 55415 (the “Employer”) and Jill Allison, with an address at ______________________________ (the “Employee”).
Oiltek, Inc.Convertible Notes Amendment • April 3rd, 2009 • Oiltek, Inc. • Oil & gas field machinery & equipment
Reference is made to the Convertible Notes (the “Notes”) dated various dates between Avalon Oil & Gas (the “Payee”) and Oiltek, Inc. (the “Payor”) in the aggregate amount of $77,400. This will confirm our agreement to amend the terms and conditions of the Notes as follows:
Oiltek, Inc.Convertible Notes • April 3rd, 2009 • Oiltek, Inc. • Oil & gas field machinery & equipment
Reference is made to the Convertible Notes (the “Notes”) dated November 28, 2006 between Mudd Creek LLC (the “Payee”) and Oiltek, Inc. (the “Payor”) in the aggregate amount of $5,000. This will confirm our agreement to amend the terms and conditions of the Notes as follows:
