Amendment No. 13 to Standby Commitment Agreement between Joseph V. Vittoria and Puradyn Filter Technologies, Inc.
This amendment extends the repayment date of a loan under the Standby Commitment Agreement between Joseph V. Vittoria and Puradyn Filter Technologies, Inc. from December 31, 2011 to December 31, 2012. All other terms of the original agreement and previous amendments remain unchanged. The agreement is signed by both parties' authorized representatives.
Ex 10.10
Extension of Note to Mr. Vittoria
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
February 24, 2011
RE: Standby Commitment Agreement Amendment #13
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, 2011 to December 31, 2012.
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.
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| /s/ Joseph V. Vittoria |
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| Joseph V. Vittoria |
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| Accepted and Agreed: |
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| Puradyn Filter Technologies, Inc. |
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| By: | /s/ Alan J. Sandler |
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| Alan J. Sandler, Vice President, Chief Administration Officer |
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