EX-10 5 powrtec10q033111ex1010.htm EX-10.10 SECOND EXTENSION TO THE MANAGEMENT AB NOTE Exhibit 10.10

Exhibit 10.10




April 9, 2011


AGREEMENT TO EXTEND TERM OF

PROMISSORY NOTE

TO OCTOBER 9, 2011



By this Agreement, POWRtec International Corp., a Delaware corporation ("Maker") and The Management AB ("Creditor"), do hereby extend the term of that certain Promissory Note dated  July 9, 2010 (“Note”) to become due October 9, 2011 on the same terms and conditions as set forth in that Note with the sole exception of the due date.  A copy of the Note is attached hereto as Exhibit A.



POWRtec International Corp.




By:

/s/ Grant Jasmin

Grant Jasmin, President


Agreed: The Management AB



By:  /s/ Anders Sagadin

Anders Sagadin




POWRtec Corporation

745 Camden Ave., Suite D

Campbell, CA 95008

408-374-1900