Joseph V. Vittoria 1616 South Ocean Boulevard Palm Beach, FL 33480 (T) 561 ###-###-#### (F) 561 ###-###-####

EX-10.17 2 pfti_ex10z17.htm STANDBY COMMITMENT AGREEMENT AMENDMENT Standby Commitment Agreement Amendment

EXHIBIT 10.17

Joseph V. Vittoria

1616 South Ocean Boulevard

Palm Beach, FL 33480

(T) 561 ###-###-#### (F) 561 ###-###-####

Puradyn Filter Technologies, Inc.

2017 High Ridge Road

Boynton Beach, FL 33426

Attention: Alan J. Sandler, VP/CAO, Principal Financial Officer

March 20, 2016

RE:

Standby Commitment Agreement Amendment #18

Dear Mr. Sandler:

Pursuant to the Standby Commitment Agreement letters dated March 28, 2002, and March 14, 2003 and all Amendments thereto, I, Joseph Vittoria (the “Lending Party”), agree to extend the payback dates from December 31, 2016 to December 31, 2017.

All other terms defined in the original Standby Commitment Agreement letters and the Amendments thereto, not otherwise in conflict with this Amendment, shall remain in full force and effect.

IN WITNESS WHEREOF, the parties hereto have caused this agreement to be executed and delivered by the respective officers hereunto duly authorized on the date first written above.

/s/ Joseph V. Vittoria

Joseph V. Vittoria

Accepted and Agreed:

Puradyn Filter Technologies, Inc.

By:

/s/ Alan J. Sandler

Alan J. Sandler, Vice President,

Chief Administration Officer, Principal Financial Officer