Amendment to PBC Technology License Agreement Between Clean Energy and 818879 Alberta, Ltd.
This letter agreement between Clean Energy and 818879 Alberta, Ltd. amends certain dates in their existing PBC technology license agreement originally dated March 5, 1999. The parties agree to extend specific deadlines related to the listing of Clean Energy's common stock on a national market, changing dates in sections 9.2 and 10.1 from March 4, 2002 to March 5, 2004, and in section 9.2(3) from March 4, 2003 to March 5, 2005. The amendment is effective as of December 31, 2000, and is confirmed by both parties' signatures.
March 20, 2001
Mr. R. Dirk Stinson
President
818879 Alberta, Ltd.
Dear Dirk:
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".
If the foregoing accurately reflects your understanding please countersign this letter where indicated below and return it to Clean Energy at your earliest convenience.
Very truly yours,
/s/ John P. Thuot
John P. Thuot, President
Agreed to and accepted:
818879 Alberta, Ltd.
/s/ R. Dirk Stinson
R. Dirk Stinson, President
Date: March 23, 2001
