Amendment No. 11 to Standby Commitment Agreement Between Puradyn Filter Technologies, Inc. and Joseph V. Vittoria
Puradyn Filter Technologies, Inc. and Joseph V. Vittoria have agreed to extend the repayment date for obligations under their existing Standby Commitment Agreement from December 31, 2009 to December 31, 2010. All other terms of the original agreement and its prior amendments remain unchanged. This amendment is signed by both parties and is effective as of February 23, 2009.
Exhibit 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: Cindy L. Gimler, CFO
February 23, 2009
| RE: | Standby Commitment Agreement Amendment #11 |
Dear Ms. Gimler:
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, 2009 to December 31, 2010.
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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| By: /s/ | Joseph V. Vittoria |
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| Joseph V. Vittoria |
Accepted and Agreed:
Puradyn Filter Technologies, Inc.
| By: /s/ | Cindy Lea Gimler |
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| Cindy L. Gimler, Chief Financial Officer | |
