ex_10-5.htm


    
      

      

    

    Exhibit10.5

     

     

    
      Exhibit
10.5 Note Amendment with the Senior
Lender.

       

      Sasaima
Holdings SA

      APDO
0832-2745

      World Trade Center

      Panama
City

      Republic
of Panama

      Octus
Inc.

      719
Second St, Unit 9

      Davis CA 95616

       

       

      Dear
Sirs,

       

      By this
letter we hereby wish to notify you that the promissory note issued by Octus to
Grupo Dynastia SA has been acquired by Sasaima Holdings, a copy of the sales and
transfer agreement is attached hereto.

      


      We hereby
agree to adjust the terms of those convertible promissory notes issued on
September 30th, 2007 by Octus Inc, a Nevada corporation to Grupo Dynastia SA, a
Panamanian Corporation with the face amount of $306,456 and that convertible
promissory note with the face amount of $113,747 issued to Sasaima Holdings SA,
a Panamanian Corporation and transferred to Grupo Dynastia (together the
“notes”)  to reflect that the option to call the notes on 90 days
notice is hereby removed provided the payment schedule attached hereto as
Exhibit “A” and made a part of this agreement is initiated and kept
current.

      


      Should
there be an uncured default for longer than 90 days from notice to the company
all monies due, including principal and interest will become due and
payable.  Further Octus agrees that a UCC-1 security instrument will
be filed as a blanket lien on the general assets of the company.  The
notes will not be subordinated to any other non-trade debts without specific
written consent from Sasaima.

      


      Further
by this letter it is agreed that the Interest rate as reflected in the
Promissory Notes was intended to be Eight Percent (8%) per year, compounded
monthly versus the originally stated amount of Eight Percent (8%) per month,
which was a typographical error.

      


      All other
terms and conditions of the original promissory note are to remain as first
written and agreed to.

      


      Executed
this 31st day of March,
2009.

       

      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  	
                                          /s/
      Digna Perez Martinez

                                        	 	 	
                                           

                                        	 
	
                                          
                                            Digna
      Perez Martinez, President

                                            Sasaima
      Holdings, S.A.

                                          

                                        	 	 	
                                           

                                        	 
	 	 	 	 	 
	Agreed
      to this 31st  day
      of March 2009.	 	 	 	 
	 	 	 	 	 
	/s/
      Christian Soderquist	 	 	 	 
	
                                          Christian
      Soderquist, President & CEO

                                          Octus
      Inc.

                                        	 	 	 	 


                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

       

      
        
          
          

        

        
          1

          
            

          

        

        
          
          

        

      

       

      SALE AND
TRANSFER AGREEMENT

      


      


      On this
31st day of March, 2009 Grupo Dynastia S.A. (“Grupo”)  for value
received does hereby sell and transfer to  Sasaima Holdings S.A.
(“Sasaima”) all rights and interests to that convertible promissory note
(“Note”) issued by Octus Inc, a Nevada corporation to Sasaima Holdings SA, a
Panamanian Corporation for the face amount of $306,456 on September 30th, 2007
along with all rights and interest due.

      


      Grupo
agrees to execute any further documents as may be reasonably requested by
Sasaima to consummate the transfer of the Note to Sasaima and by this Sales and
Transfer Agreement hereby requests Octus Energy Inc. to transfer the Note as
Sasaima may request without further notice to Grupo.

       

       

      
        Agreed to
this 31st
day of March 2009.

         

        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      	
                                              /s/
      Digna Perez Martinez

                                            	 	 	
                                               

                                            	 
	
                                              
                                                Digna
      Perez Martinez, President

                                                Sasaima
      Holdings, S.A.

                                              

                                            	 	 	
                                               

                                            	 
	 	 	 	 	 
	/s/
      Josie Ben Rubi	 	 	 	 
	
                                              
                                                Josie
      Ben Rubi, President

                                                Grupo
      Dynastia S.A.

                                              

                                            	 	 	 	 


                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

         

        
          
            
            

          

          
            2

            
              

            

          

          
            
            

          

        

         

      

      OCTuS
Inc.

      Schedule
of Payments

      Promissory
Note due to Sasaima Holdings S.A.

      Exhibit
"A"

       

      


      
        
          
            
              
                
                  
                    	
                            Principle

                          	
                                  460,000

                          
	
                            Interest

                          	
                                        
      8%

                          


                  

                

              

            

          

        

      

       

      
        
          
            
              
                
                  
                    	
                            Proposed
      Payments:

                          
	
                            Month

                          	
                            Payment

                          
	
                            1-5

                          	
                            -

                          
	
                            6-12

                          	
                             $      5,000

                          
	
                            13-24

                          	
                             $      7,500

                          
	
                            25-60

                          	
                             $    12,500

                          


                  

                

              

            

          

        

      

       

      
        
          
            
              	
                      Month

                    	
                       Principle

                    	
                      Interest

                    	
                       Payment

                    	
                      Balance

                    
	
                      1

                    	
                            460,000

                    	
                       3,066.67

                    	 
      	
                       463,066.67

                    
	
                      2

                    	
                            463,067

                    	
                       3,087.11

                    	 
      	
                       466,153.78

                    
	
                      3

                    	
                            466,154

                    	
                       3,107.69

                    	 
      	
                       469,261.47

                    
	
                      4

                    	
                            469,261

                    	
                       3,128.41

                    	 
      	
                       472,389.88

                    
	
                      5

                    	
                            472,390

                    	
                       3,149.27

                    	 
      	
                       475,539.15

                    
	
                      6

                    	
                            475,539

                    	
                       3,170.26

                    	
                         5,000.00

                    	
                       473,709.41

                    
	
                      7

                    	
                            473,709

                    	
                       3,158.06

                    	
                         5,000.00

                    	
                       471,867.47

                    
	
                      8

                    	
                            471,867

                    	
                       3,145.78

                    	
                         5,000.00

                    	
                       470,013.25

                    
	
                      9

                    	
                            470,013

                    	
                       3,133.42

                    	
                         5,000.00

                    	
                       468,146.67

                    
	
                      10

                    	
                            468,147

                    	
                       3,120.98

                    	
                         5,000.00

                    	
                       466,267.65

                    
	
                      11

                    	
                            466,268

                    	
                       3,108.45

                    	
                         5,000.00

                    	
                       464,376.10

                    
	
                      12

                    	
                            464,376

                    	
                       3,095.84

                    	
                         5,000.00

                    	
                       462,471.94

                    
	
                      13

                    	
                            462,472

                    	
                       3,083.15

                    	
                         7,500.00

                    	
                       458,055.09

                    
	
                      14

                    	
                            458,055

                    	
                       3,053.70

                    	
                         7,500.00

                    	
                       453,608.79

                    
	
                      15

                    	
                            453,609

                    	
                       3,024.06

                    	
                         7,500.00

                    	
                       449,132.85

                    
	
                      16

                    	
                            449,133

                    	
                       2,994.22

                    	
                         7,500.00

                    	
                       444,627.07

                    
	
                      17

                    	
                            444,627

                    	
                       2,964.18

                    	
                         7,500.00

                    	
                       440,091.25

                    
	
                      18

                    	
                            440,091

                    	
                       2,933.94

                    	
                         7,500.00

                    	
                       435,525.19

                    
	
                      19

                    	
                            435,525

                    	
                       2,903.50

                    	
                         7,500.00

                    	
                       430,928.69

                    
	
                      20

                    	
                            430,929

                    	
                       2,872.86

                    	
                         7,500.00

                    	
                       426,301.55

                    
	
                      21

                    	
                            426,302

                    	
                       2,842.01

                    	
                         7,500.00

                    	
                       421,643.56

                    
	
                      22

                    	
                            421,644

                    	
                       2,810.96

                    	
                         7,500.00

                    	
                       416,954.52

                    
	
                      23

                    	
                            416,955

                    	
                       2,779.70

                    	
                         7,500.00

                    	
                       412,234.21

                    
	
                      24

                    	
                            412,234

                    	
                       2,748.23

                    	
                         7,500.00

                    	
                       407,482.44

                    
	
                      25

                    	
                            407,482

                    	
                       2,716.55

                    	
                       12,500.00

                    	
                       397,698.99

                    
	
                      26

                    	
                            397,699

                    	
                       2,651.33

                    	
                       12,500.00

                    	
                       387,850.32

                    
	
                      27

                    	
                            387,850

                    	
                       2,585.67

                    	
                       12,500.00

                    	
                       377,935.99

                    
	
                      28

                    	
                            377,936

                    	
                       2,519.57

                    	
                       12,500.00

                    	
                       367,955.56

                    
	
                      29

                    	
                            367,956

                    	
                       2,453.04

                    	
                       12,500.00

                    	
                       357,908.60

                    
	
                      30

                    	
                            357,909

                    	
                       2,386.06

                    	
                       12,500.00

                    	
                       347,794.65

                    
	
                      31

                    	
                            347,795

                    	
                       2,318.63

                    	
                       12,500.00

                    	
                       337,613.28

                    
	
                      32

                    	
                            337,613

                    	
                       2,250.76

                    	
                       12,500.00

                    	
                       327,364.04

                    
	
                      33

                    	
                            327,364

                    	
                       2,182.43

                    	
                       12,500.00

                    	
                       317,046.47

                    
	
                      34

                    	
                            317,046

                    	
                       2,113.64

                    	
                       12,500.00

                    	
                       306,660.11

                    
	
                      35

                    	
                            306,660

                    	
                       2,044.40

                    	
                       12,500.00

                    	
                       296,204.51

                    
	
                      36

                    	
                            296,205

                    	
                       1,974.70

                    	
                       12,500.00

                    	
                       285,679.21

                    
	
                      37

                    	
                            285,679

                    	
                       1,904.53

                    	
                       12,500.00

                    	
                       275,083.74

                    
	
                      38

                    	
                            275,084

                    	
                       1,833.89

                    	
                       12,500.00

                    	
                       264,417.63

                    


            

            (continued on following page)

             

            
              
                
                

              

              
                3

                
                  

                

              

              
                
                

              

            

             

            (continued from previous page)

            
              
                	
                        39

                      	
                              264,418

                      	
                         1,762.78

                      	
                         12,500.00

                      	
                         253,680.41

                      
	
                        40

                      	
                              253,680

                      	
                         1,691.20

                      	
                         12,500.00

                      	
                         242,871.61

                      
	
                        41

                      	
                              242,872

                      	
                         1,619.14

                      	
                         12,500.00

                      	
                         231,990.76

                      
	
                        42

                      	
                              231,991

                      	
                         1,546.61

                      	
                         12,500.00

                      	
                         221,037.36

                      
	
                        43

                      	
                              221,037

                      	
                         1,473.58

                      	
                         12,500.00

                      	
                         210,010.95

                      
	
                        44

                      	
                              210,011

                      	
                         1,400.07

                      	
                         12,500.00

                      	
                         198,911.02

                      
	
                        45

                      	
                              198,911

                      	
                         1,326.07

                      	
                         12,500.00

                      	
                         187,737.09

                      
	
                        46

                      	
                              187,737

                      	
                         1,251.58

                      	
                         12,500.00

                      	
                         176,488.67

                      
	
                        47

                      	
                              176,489

                      	
                         1,176.59

                      	
                         12,500.00

                      	
                         165,165.26

                      
	
                        48

                      	
                              165,165

                      	
                         1,101.10

                      	
                         12,500.00

                      	
                         153,766.37

                      
	
                        49

                      	
                              153,766

                      	
                         1,025.11

                      	
                         12,500.00

                      	
                         142,291.47

                      
	
                        50

                      	
                              142,291

                      	
                            948.61

                      	
                         12,500.00

                      	
                         130,740.08

                      
	
                        51

                      	
                              130,740

                      	
                            871.60

                      	
                         12,500.00

                      	
                         119,111.69

                      
	
                        52

                      	
                              119,112

                      	
                            794.08

                      	
                         12,500.00

                      	
                         107,405.76

                      
	
                        53

                      	
                              107,406

                      	
                            716.04

                      	
                         12,500.00

                      	
                           95,621.80

                      
	
                        54

                      	
                               95,622

                      	
                            637.48

                      	
                         12,500.00

                      	
                           83,759.28

                      
	
                        55

                      	
                               83,759

                      	
                            558.40

                      	
                         12,500.00

                      	
                           71,817.68

                      
	
                        56

                      	
                               71,818

                      	
                            478.78

                      	
                         12,500.00

                      	
                           59,796.46

                      
	
                        57

                      	
                               59,796

                      	
                            398.64

                      	
                         12,500.00

                      	
                           47,695.10

                      
	
                        58

                      	
                               47,695

                      	
                            317.97

                      	
                         12,500.00

                      	
                           35,513.07

                      
	
                        59

                      	
                               35,513

                      	
                            236.75

                      	
                         12,500.00

                      	
                           23,249.82

                      
	
                        60

                      	
                               23,250

                      	
                            155.00

                      	
                         23,404.82

                      	
                                      -

                      


              

            

          

           

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