March 20, 2001 Mr. R. Dirk Stinson President 818879 Alberta, Ltd. Dear Dirk:PBC Technology License • April 13th, 2001 • Clean Energy Combustion Systems Inc • Misc industrial & commercial machinery & equipment
This letter is intended to document our prior agreement relative to the amendment of certain dates contained in our PBC technology license dated March 5, 1999 with 818879 Alberta, Ltd. relating to the listing of our common stock on a "national market". Specifically, for valuable consideration given to 818879 Alberta, Ltd. including our obligation to pay you the sum of U.S. $1, we agreed that effective December 31, 2000, the references to "March 4, 2002" contained in sections 9.2 and 10.1 of the PBC technology license will be changed to "March 5, 2004", and the reference to "March 4, 2003" contained in section 9.2(3) of the PBC technology license will be changed to "March 5, 2005".
