EXHIBIT
10.1
EXTENSION
AGREEMENT
1.
Date of Agreement:
This
EXTENSION AGREEMENT is dated January 29, 2009 .
2.
Parties to this agreement:
This
EXTENSION AGREEMENT, herein referred to as the
“agreement” unless specifically stated otherwise, is
made by and between;
Hollund
Industrial Robotics Inc ,
a wholly owned Canadian subsidiary of Hollund Industrial Marine
Inc , a publicly traded company incorporated in the State of
Washington and herein referred to as the
“Buyer”,
and
Valor
Energy Corp ,
a Nevada corporation herein referred to as the
“Seller”,
Both
the Buyer and the Seller collectively herein referred to as the
“parties”.
3.
Governing agreement:
This
agreement shall be governed by the terms of the Tiger•Lynk
Purchase & Sale Agreement dated January 20, 2008, together with
the Letter Agreement dated February 20, 2008, and including the
subsequent amendments as agreed to in the Addendum to the Letter
Agreement dated March 25, 2008 and the AddendumB to the Letter
Agreement dated June 24, 2008. Only those terms specifically
referenced herein shall be amended, leaving all other terms in full
force and effect.
4.
Scope of this agreement:
Under
the terms of the governing agreement and its subsequent amendments,
and certain other previous arrangements, the Buyer is owing to the
Seller the following outstanding amounts as of the date of this
agreement;
i)
The amount of $2,370 (US) to complete the September 15, 2008
paymen
