Extension Letter to License Purchase Agreement between Kouei International and Harmonic Energy Inc.

Contract Categories: Business Finance › Modification Agreements
Summary

Kouei International Inc. and Harmonic Energy Inc. have agreed to extend the payment deadlines for a License Purchase Agreement related to Tyrolysis technology. Harmonic Energy has already paid the first installment of $175,000. The second payment of $175,000 is now due by June 30, 2013, and the final payment of $175,000 is due by September 30, 2013. The letter confirms these new payment dates and requests that Harmonic Energy follow the revised schedule.

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EX-10.5 4 ex10_5.htm EXHIBIT 10.5

Kouei International

W853 Woods Centre

St. Johns Antigua

Harmonic Energy Inc.

3rd Floor, 207 Regent Street

London

U.K.

W1B 3HH

 

May 30th 2012

 

Dear Sirs,

 

Re: Extension to payment term of License Purchase Agreement of Tyrolysis technology dated 14th March 2012.

 

We are in receipt of your first installment of $175,000, with regard to the balance installments we will extend the payment due dates as follows:

 

Second payment of US $175,000 is due on/before June 30th 2013

Third (final) payment of US $175,000 is due on/before September 30th 2013.

 

Kindly follow these dates for your remittances.

 

Yours sincerely,

 

/s/ Kim Heungsoo

Kim Heungsoo

Kouei International Inc