ICE Conversions, Inc. 22525 Pacific Coast Highway, Suite 101 Malibu, California 90265 Phone: (310) 927-1711 January 30, 2009
Exhibit
10.3.1
ICE
Conversions, Inc.
00000
Xxxxxxx Xxxxx Xxxxxxx, Xxxxx 000
Xxxxxx,
Xxxxxxxxxx 00000
Phone:
(000) 000-0000
January
30, 2009
Force
Fuels, Inc.
Reference
is hereby made to the Assignment and Contribution Agreement, dated as of July
31, 2008 (the “Agreement”) by and between Force Fuels, Inc. a Nevada corporation
(“Force Fuels”) and ICE Conversions, Inc. a California corporation (“ICE”)
(collectively the “Parties”).
Pursuant
to terms of the Agreement, Force Fuels agreed to make a cash payment to ICE in
the amount of $400,000, made payable in two separate installments as follows:
$100,000 to be paid on or before March 15, 2009; and $300,000 to be paid on or
before June 15, 2009.
ICE
hereby agrees to extend the timeline for the $400,000 cash payment as follows:
Force Fuels shall make eight (8) separate installment payments, each in the
amount of $50,000, due on or before the last day of each quarter of Force Fuel’s
fiscal year, commencing with the first installment due on or before April 30,
2010 and the eighth and final payment due on or before January 31, 2012.
All other
terms and obligations as set forth in the Agreement shall remain as originally
stated.
| ICE CONVERSIONS, INC. | |||
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By:
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/s/ Xxxxxxxx Weisdorn | |
| Xxxxxxxx Weisdorn, President and Chief Executive Officer | |||
AGREED AND ACCEPTED:
| By: |
/s/Xxxxxxxx
Weisdorn
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Xxxxxxxx
Weisdorn, President,
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Chief
Executive Officer and
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Chief
Financial Officer
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