METHES ENERGIES CANADA INC.
4170 Sladeview Crescent, Unit 5
June 23, 2015
1730636 Ontario Limited
54117 Best Line
This will confirm our agreement to amend and modify the Loan Agreement between us dated June 21, 2013 and the related Promissory Note dated July 11, 2013.
|1.||The term specified in the Loan Agreement is hereby extended to and shall end on July 1, 2016.|
|2.||The principal amount of $ 1,350,000.00 CDN now due under the Promissory Note shall be payable on July 1, 2016.|
All other provisions of the Loan Agreement shall continue in full force and effect including monthly payment of the interest.
|Very truly yours|
|METHES ENERGIES CANADA, INC.|
|by:||/s/ Han Swoong Ng|
|Han Swoong Ng, President|
Accepted and agreed to this 23rd day of June, 2015
1730636 ONTARIO LIMITED
I have the authority to bind the Corporation.