Exhibit 10.9
May 17, 1995
Xx. Xxxxxxxxx Xxxxxxxx
President
First Commercial Credit Corp.
Capital Center - 5th Floor
00 Xxxx Xxxxxx
Xxxxxx, Xxx Xxxx 00000
Dear Xx. Xxxxxxxx:
In connection with our ongoing discussions to renegotiate the terms
of the Claim Participation Agreement dated December 14, 1994
between First Commercial Credit Corp.("FCCC") and Mechanical
Technology Incorporated, the due date of May 31, 1995 is
approaching when the entire amount is due and payable in full.
In order to allow our negotiations to conclude in a mutually,
successful manner, we hereby request a thirty day extension of the
due date until June 30, 1995.
Please acknowledge FCCC's agreement to this extension by signing
the duplicate copy of this letter enclosed herewith where indicated
below and returning the executed copy to me.
Sincerely,
/s/ Xxxxxxx X. Xxxxxx
Xxxxxxx X. Xxxxxx
Chief Financial Officer
Agreed and accepted, this 30th day of May, 1995.
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First Commercial Credit Corp.
by: /s/ Xxxxxxxxx X. Xxxxxxxx
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