Document:

Exhibit 10(c)

    
      

    

     

    
      
        10(c)

         

        ALLONGE

        (Firmly
          affix to original Note)

         

        THIS
          ALLONGE ("Agreement") is made as of February 23, 2007, by and
          between DURAVEST, INC., Illinois corporation ("Borrower") and ABSOLUTE
          OCTANE
          FUND LIMITED ("Holder").

         

        RECITALS

         

        The
          Borrower executed and delivered to the order of tile Holder its Convertible
          Secured Promissory Note, dated as of January 17,2006 (ANote"), in the original
          principal amount of $714,233.00, to evidence certain indebtedness extended
          by
          the Holder to the Borrower (ALoan®).

         

        The
          Borrower has requested that the Holder modify the terms of the Note in
          certain
          respects. The Holder has agreed to the Borrower=s request, but only upon
          the
          terms and conditions provided in this Agreement.

         

        NOW
          THEREFORE, in consideration of these premises, and other good and
          valuable consideration, the receipt and adequacy of which are hereby
          acknowledged, the parties hereto agree as follows:

         

        1.            
          Amendments To Note. The provisions of the Note are hereby amended and
          modified as follows:

         

        a.    
The
          definition of "Maturity Date" is amended
          and modified by striking the following sentence from page 1 of the
          Note:

         

        The
          Principal of the Note shall be due and payable, together with any then
          unpaid
          interest on January 17, 2007 (the "Maturity Date").

         

        b.    
The
          following sentence shall be inserted in
          its place:

         

        The
          Principal of the Note shall be due and payable, together with any then
          unpaid
          interest on the 31st day of January 2007 (the "Maturity Date").

         

        c.     
The
          following sentences shall be
          inserted at the end of the last sentence in subparagraph (a) of the
          Note:

         

        To
          the extent the Company's Amended and Restated Articles of
          Incorporation ("Charter") do not have a sufficient number of shares of
          Common
          Stock authorized to satisfy a conversion notice, the Company will issue
          and
          deliver to Holder the maximum number of shares of Common Stock that it
          is
          authorized to deliver under its Charter. The Company will use its best
          efforts
          to amend the Charter to authorize a sufficient number of shares of Common
          Stock
          to satisfy the full conversion and shall promptly issue and deliver such
          shares
          to Holder upon the effective date of such amendment

         

        
          
            
            

          

          
            1

            
              

            

          

          
            
            

          

        

         

        2.            
          Warranties and Representations. As an inducement to the Holder to enter
          into this Agreement, the Borrower makes the following representations and
          warranties to the Holder and acknowledges the Holder=s justifiable reliance
          thereon:

         

        a.            
          All warranties and representations previously made to the Holder by the
          Borrower
          remain true; accurate and complete.

         

        b.            
          This Agreement and the Note, as modified and amended in accordance herewith,
          are
          the valid and binding obligations of the Borrower and are fully enforceable
          in
          accordance with their terms.

         

        3.            
          No Novation: No Refinance; No Adverse Affect On Liens. The parties hereto
          do not intend that a novation of the Loan or the Note shall be created
          or
          effected by or as a result of the amending of the Note as described herein.
          The
          parties hereto do not intend that the execution of this Agreement or the
          amendments to the Note as described herein shall: (a) constitute a refinance
          of
          the Loan; or (b) affect the validity or priority of any of the liens or
          security
          interests imposed by or granted in the Note.

         

        4.            
          Incorporation. The terms and conditions of the Note are incorporated by
          reference herein and made a part hereof, as if fully set forth herein.
          In the
          event of any inconsistency between this Agreement and the Note, such
          inconsistency shall be construed, interpreted and resolved so as to benefit
          the
          Holder, independent of whether this Agreement or the Note controls, and
          the
          Holder=s election of which interpretation or construction is for the Holder=s
          benefit shall absolutely govern.

         

        5.            
          No Other Modification; Final Agreement. Except as set forth in this
          Agreement, the Note remains unmodified and in full force and effect. Nothing
          contained herein shall be deemed to affect the priority or enforceability
          of the
          Note.

         

        6.            
          Fees And Expenses. The Borrower shall pay on the date of this Agreement
          reasonable costs in connection with this Agreement, including but not limited
          to
          reasonable attorneys= fees.

        

          7.    Binding
            Effect.
            This
            Agreement shall inure to the benefit of the parties hereto, and shall
            be binding
            upon their successors, personal representatives and assigns.

          

          8.    Choice
            of Law.
            The
            laws of the State of Illinois (excluding, however, conflict of law
            principles) shall govern and be applied to determine all issues relating
            to this
            Agreement and the
            rights and obligations of the parties hereto, including the validity,
            construction, interpretation,
            and enforceability of this Agreement and its various provisions and the
            consequences and legal effect of all transactions and events which resulted
            in
            the execution of this
            Agreement or which occurred or were to occur as a direct or indirect
            result of
            this Agreement
            having been executed.

        

         

        
          
            
            

          

          
            2

            
              

            

          

          
            
            

          

        

         

        9.            
          Consent To Jurisdiction; Agreement As To Venue. The Borrower irrevocably
          consent to the non-exclusive jurisdiction of the state or federal courts
          of the
          State of Illinois or the State of New York.

        

          10.    Tense,
            Gender, Defined Terms, Captions.
            As used
            Herein, the plural shall refer to and include the singular, and the singular,
            the plural and the Use of any gender shall include and refer
            to
            any other gender. All defined terms are completely capitalized throughout
            this
            Agreement. All captions are for the purpose of convenience
            only.

        

         

        11.          
          Time. Time is of the essence with respect to this Agreement and alt
          terms
          and conditions described herein.

         

        12.          
No
          Defenses Or Offsets; Release Of Any Claims. In consideration For the
          agreement of the Holder to extend the maturity of the Loan as provided
          for
          herein, the Borrower hereby acknowledges and agrees that it hereby forever
          waives and releases any and all defenses or offsets, known or unknown to
          the
          Borrower, which might restrict the immediate right of the Holder, upon
          the
          occurrence of an event of default Under the Note, to do the following:
          (a)
          require the payment in full of the Loan; and (b) initiate enforcement and
          collection proceedings against the Borrower or against any collateral securing
          the obligations of the Borrower to the Holder. The Borrower hereby releases,
          waives, discharges and agrees to hold the Holder and its officers, directors,
          agents and employees harmless from arty and all claims, known or unknown,
          which
          the Borrower might have against the Holder or its officers, directors,
          agents or
          employees which in any way relate, pertain, or arise, directly or indirectly,
          from the Loan, the Note, this Agreement, or which otherwise relate or pertain
          to
          the collateral securing the obligations of the Borrower due to the Holder
          or the
          transactions described in this Agreement or the conduct of the parties
          with
          respect thereto.

         

        IN
          WITNESS WHEREOF, the parties hereto have executed this Agreement under
          seal as
          of the date first above written. This Agreement may be executed in
          counterparts.

         

        
          	WITNESS/ATTEST:	 	BORROWER:	 
	 	 	/s/
                  Hendrik Hammje	(SEAL)
	 	 	Name:
                  Hendrik Hammje	 
	 	 	Title: CEO	 

        

         

        
          
            
            

          

          
            3

            
              

            

          

          
            
            

          

        

         

        
          
            	 	 	HOLDER:	 
	 	 	/s/
                    Florian Homm 	(SEAL)
	 	 	Name: Florian Homm 	 
	 	 	Title: Principal	 

          

        

      

      
        4Exhibit 10(d)

    
      

    

    10(d)

    

    ALLONGE

    (Firmly
      affix to original Note)

    

    THIS
      ALLONGE (“Agreement@) is made as of February 23, 2007, by and between DURAVEST,
      INC., a Illinois corporation (“Borrower”) and ABSOLUTE RETURN EUROPE FUND
      LIMITED (“Holder”).

    

    RECITALS

    

    The
      Borrower executed and delivered to the order of the Holder its Amended and
      Restated Convertible Promissory Note, dated as of November, 28, 2005 (ANote@),
      in the original principal amount of $1,000,000.00 to evidence certain
      indebtedness extended by the Holder to the Borrow (ALoan@)

    

    The
      Borrower has requested that the Holder modify the terms of the Note in certain
      respects. The Holder has agreed to the Borrower=s request, but only upon the
      terms and conditions provided in this Agreement.

    

    NOW
      THEREFORE, in consideration of these premises, and other good and valuable
      consideration, the receipt and adequacy of which are hereby acknowledged, the
      parties hereto agree as follows:

    

    1.    Amendments
      to Note.
      The
      provisions of the Note are hereby amended and modified as follows:

    

    
      	 	
              a.

            	
              The
                definition of "Maturity Date" is amended and Modified by striking
                the
                following sentence from page 1 of the Note:

            

    

    

    The
      Principal of the Note shall be due and payable, together with any then unpaid
      interest on November 28, 2006 (the "Maturity Date").

    

    
      	 	
              b.

            	
              The
                following sentence shall be inserted in its
                place:

            

    

    

    The
      Principal of the Note shall be due and payable, together with any then unpaid
      interest on the 31st day of January 2008 (the "Maturity
      Date").

    

    
      	 	
              c.

            	
              The
                following sentences shall be inserted at the end of the last sentence
                in
                subparagraph (a) of the Note:

            

    

    

    To
      the
      extent the Company's Amended and Restated Articles of Incorporation ("Charter")
      do not have a sufficient number of shares of Common Stock authorized to satisfy
      a conversion notice, the Company will issue and deliver to Holder the maximum
      number of shares of Common Stock that it is authorized to deliver under its
      Charter. The Company will use its best efforts to amend the Charter to authorize
      a sufficient number of shares of Common Stock to satisfy the full conversion
      and
      shall promptly issue and deliver such shares to Holder upon the effective date
      of such amendment

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    2.    Warranties
      and Representations.
      As an
      inducement to the Holder to enter into this Agreement, the Borrower makes the
      following representations and warranties to the Holder and acknowledges the
      Holder=s justifiable reliance thereon:

    

    a.    All
      warranties and representations previously made to the Holder by the Borrower
      remain true, accurate and complete.

    

    b.    This
      Agreement and the Note, as modified and amended in accordance herewith, are
      the
      valid and binding obligations of the Borrower and are fully enforceable in
      accordance with their terms.

    

    3.    No
      Novation; No Refinance; No Adverse Affect On Liens.
      The
      parties hereto do not intend that a novation of the Loan or the Note shall
      be
      created or effected by or as a result of the amending of the Note as described
      herein. The parties hereto do not intend that the execution of this Agreement
      or
      the amendments to the Note as described herein shall: (a) constitute a refinance
      of the Loan; or (b) affect the validity or priority of any of the liens or
      security interests imposed by or granted in the Note.

    

    4.    Incorporation.
      The
      terms and conditions of the Note are incorporated by reference herein and made
      a
      part hereof, as if fully set forth herein. In the event of any inconsistency
      between this Agreement and the Note, such inconsistency shall be construed,
      interpreted and resolved so as to benefit the Holder, independent of whether
      this Agreement or the Note controls, and the Holder=s election of which
      interpretation or construction is for the Holder=s benefit shall absolutely
      govern.

    

    5.    No
      Other Modification: Final Agreement.
      Except
      as set forth in this Agreement, the Note remains unmodified and in full force
      and effect Nothing contained herein shall be deemed to affect the priority
      or
      enforceability of the Note

    

    6.    Fees
      And Expenses.
      The
      Borrower shall pay on the date of this Agreement reasonable costs in connection
      with this Agreement, including but not limited to reasonable attorneys=
      fees.

    

    7.    Binding
      Effect.
      This
      Agreement shall inure to the benefit of the parties hereto, and shall be binding
      upon their successors, personal representatives and assigns.

    

    8.    Choice
      of Law.
      The
      laws of the State of Illinois (excluding, however, conflict of law principles)
      shall govern and be applied to determine all issues relating to this Agreement
      and the rights and obligations of the parties hereto, including the validity,
      construction, interpretation, and enforceability of this Agreement and its
      various provisions and the consequences and legal effect of all transactions
      and
      events which resulted in the execution of this Agreement or which occurred
      or
      were to occur as a direct or indirect result of this Agreement having been
      executed.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    9.    Consent
      To Jurisdiction: Agreement As To Venue. The Borrower irrevocably consents to
      the non-exclusive jurisdiction of the state or federal courts of the State
      of
      Illinois or the State of New York. 

    

    10.  
        Tense,
      Gender, Defined Terms, Captions. As used herein, the plural shall refer to
      and include the singular, and the singular, the plural and the use of any gender
      shall include and refer to any other gender. All defined terms are completely
      capitalized throughout this Agreement. All captions are for the purpose of
      convenience only.

    

    11.  
        Time.
      Time is of the essence with respect to this Agreement and all terms and
      conditions described herein.

    

    12.  
        No
      Defenses Or Offsets: Release Of Any Claims. In consideration for the
      agreement of the Holder to extend the maturity of the Loan as provided for
      herein, the Borrower hereby acknowledges and agrees that it hereby forever
      waives and releases any and all defenses or offsets, known or unknown to the
      Borrower, which might restrict the immediate right of the Holder, upon the
      occurrence of an event of default under the Note, to do the following: (a)
      require the payment in full of the Loan; and (b) initiate enforcement and
      collection proceedings against the Borrower or against any collateral securing
      the obligations of the Borrower to the Holder. The Borrower hereby releases,
      waives, discharges and agrees to hold the Holder and its officers, directors,
      agents and employees harmless from any and all claims, known or unknown, which
      the Borrower might have against the Holder or its officers, directors, agents
      or
      employees which in any way relate, pertain, or arise, directly or indirectly,
      from the Loan, the Note, this Agreement, or which otherwise relate or pertain
      to
      the collateral securing the obligations of the Borrower due to the Holder or
      the
      transactions described in this Agreement or the conduct of the parties with
      respect thereto.

    

    IN
      WITNESS WHEREOF, the parties hereto have executed this Agreement under seal
      as
      of the date first above written. This Agreement may be executed in
      counterparts.

    

    

    
      	
              WITNESS/ATTEST:

            	 	
              BORROWER:

            	 
	 	 	 	 
	 	 	/s/
              Hendrik Hammje	
              (SEAL)

            
	 	 	
              Name:
                

            	Hendrik
              Hammje	 
	 	 	
              Title:

            	CEO	 

    

    
       

      HOLDER:

    

    

    
      	 	
              /s/
                Florian Homm

            	
              (SEAL)

            
	 	
              Name:
                

            	Florian
              Homm	 
	 	
              Title:
                

            	Principal

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