Document:

AMENDMENT
NO. 1 TO LOAN EXTENSION AGREEMENT

 

This
Amendment No. 1 to Loan Extension Agreement (this “Amendment”), dated as of December 14, 2015, among FUEL
COMBUSTION TECHNOLOGIES, INC., a Florida corporation (the “Borrower”), and HELPFUL ALLIANCE COMPANY,
a Florida corporation (the “Lender”).

 

WHEREAS,
the Borrower and the Lender have entered into a Loan Extension Agreement, dated as of October 1, 2015 (as amended, restated, supplemented
or otherwise modified from time to time in accordance with its provisions, the “Loan Agreement”).

 

WHEREAS,
the parties hereto desire to amend the Loan Agreement on the terms and subject to the conditions set forth herein.

 

NOW,
THEREFORE, in consideration of the premises set forth above and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties agree as follows:

 

1.Definitions.
Capitalized terms used and not defined in this Amendment shall have the respective meanings given them in the Loan Agreement.

 

2.Amendments
to the Loan Agreement. The Loan Agreement is hereby amended as follows:

 

(a)
The definition of “Maturity Date” now appearing in Section 1 of the Loan Agreement is hereby amended in its
entirety to read as follows:

 

“Maturity
Date” means the earlier of (x) December 31, 2016 and (y) the date of repayment of the Principal Amount by the Borrower
to the Lender is evidenced to the Lender as evidenced by the Lender’s bank statements.

 

3.Limited
Effect. Except as expressly provided hereby, all of the terms and provisions of the Loan Agreement are and shall remain in
full force and effect and are hereby ratified and confirmed by the Borrower and the Lender. The amendment contained herein shall
not be construed as a waiver or amendment of any other provision of the Loan Agreement or for any purpose except as expressly
set forth herein or a consent to any further or future action on the part of the Borrower that would require the waiver or consent
of the Lender.

 

    	 	 	 

    	 	 	 

    

 

4.Conditions
Precedent. This Amendment shall become effective upon the date (the “Effective Date”) on which this Amendment
is duly executed and delivered by the Borrower and Lender.

 

5.Representations
and Warranties. Each party hereto hereby represents and warrants to the the other (before and after giving effect to this
Amendment) that:

 

(a)It
has the corporate power and authority, and the legal right, to execute, deliver and perform this Amendment.

 

(b)It
has taken all necessary corporate action to authorize the execution, delivery and performance of this Amendment.

 

(c)This
Amendment constitutes the legal, valid and binding obligations of each party and is enforceable against each party in accordance
with their terms except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar
laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is
sought by proceedings in equity or at law).

 

(d)Each
of the representations and warranties made by each party hereto is true and correct on the date hereof and as of the Effective
Date as if made on and as of such date (except that any representation or warranty which by its terms is made as of an earlier
date shall be true and correct as of such earlier date).

 

(e)No
Default or Event of Default has occurred and is continuing, or will result from this Amendment.

 

6.Successors
and Assigns. This Amendment shall inure to the benefit of and be binding upon the Borrower and Lender, and each of their respective
successors and assigns.

 

7.Governing
Law. This Amendment shall be governed by, and construed in accordance with, the laws of the State of Florida.

 

8.Counterparts.
This Amendment may be executed in any number of counterparts, all of which shall constitute one and the same agreement, and any
party hereto may execute this Amendment by signing and delivering one or more counterparts. Delivery of an executed counterpart
of this Amendment electronically or by facsimile shall be effective as delivery of an original executed counterpart of this Amendment.

 

[SIGNATURE
PAGE FOLLOWS]

 

    	 	2	 

    	 	 	 

    

 

IN
WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date first above written.

 

	 	FUEL
    COMBUSTION TECHNOLOGIES, INC., 

as Borrower
	 	 
	 	/s/
    Sergey Gurin
	 	/n/
    Sergey Gurin
	 	/t/
    President

 

	 	HELPFUL
ALLIANCE COMPANY, as Lender

	 	 
	 	/s/
Maxim Temnikov

	 	/n/
Maxim Temnikov 

	 	/t/
    President and CEO

 

    	 	3SIMPLE
LOAN AGREEMENT

 

This
Simple Loan Agreement (this “Agreement”’) dated as of July 7, 2015 (the “Effective Date”) is made
into effect by HELPFUL TECHNOLOGIES INC., a Florida Corporation with registered address at 700 W Hillsboro Blvd., Suite 1-100,
Deerfield Beach, FL 33441 (“Borrower”) and HELPFUL ALLIANCE COMPANY INC., a Florida Corporation with registered address
at 700 W Hillsboro Blvd., Suite 1-100, Deerfield Beach, FL 33441 (together with its successors and assigns, the “Lender”),
collectively herein referred to as the “Parties”.

 

WHEREAS,
the Borrower wishes to borrow from the Lender, and the Lender wishes to lend to the Borrower, an amount of Ten Thousand ($10,000)
U.S. Dollars (the “Loan”)

 

WHEREAS,
the Parties wish to set forth their understanding with respect to the Loan in this Agreement.

 

NOW
THEREFORE, the Parties agree as follows:

 

1.
Principal Loan Amount. The principal amount of the loan is Ten Thousand U.S. Dollars (the “Principal Amount”).

 

2.
Delivery of the Funds by the Lender. The Lender will deliver the Loan to the Borrower by the Effective Date of this
Agreement (the “Loan Date”).

 

3.
Term. Maturity Date. The Principal Amount shall be due and payable to the Lender on or before December 31, 2015
(the “Maturity Date”).

 

4.
Prepayment. The Borrower shall have the right to prepay the entire Principal Amount or any portion thereof prior
to the Maturity Date (the “Prepayment”). There shall be no penalty for the Prepayment of the Loan.

 

5.
Interest. The Lender provides the Loan to the Borrower at the interest rate of Five percent (5.0%) per year, which
shall start on the Loan Date, accrue quarterly, and will be payable on the Maturity Date.

 

6.
Collateral. Reserved.

 

7.
Attorney’s Fees. If the Principle Amount is not paid in full when due, the Borrower hereby agrees to pay to
the Lender, in addition to such amount owed to pursuant to this Agreement, all costs and expenses of collection, including a reasonable
amount of attorney’s fees.

 

    	 	 	Page 1 of 2

    	 	 	 

    

 

8.
Course of Dealing. No course of dealing between the Borrower and the Lender shall operate as a waiver of any of
the Lender’s rights for the Loan. No delay or omission on the part of the Lender, in exercising any right according to the
Loan, shall operate as a waiver of such right. No amendment or waiver hereof shall be binding unless it is in writing and signed
by the Lender.

 

9.
Governing Law. This Agreement shall be governed by and construed in accordance with the internal laws of Broward
County of the State of Florida without regard to its conflicts of laws principles.

 

10.
Counterparts. This Agreement may be executed in one or more counterparts each of which shall be deemed an original,
but all of which shall together constitute one and the same instrument. Signatures may be transmitted by facsimile.

 

11.
Assignability and Modification. This Agreement and the rights, interests and obligations hereunder are not transferable
or assignable by any Party. This Agreement shall not be modified or waived except by an instrument in writing signed by the party
against whom any such modification or waiver is sought.

 

IN
WITNESS WHEREOF, the Parties have executed and delivered this Agreement as of the date set forth above.

 

	Lender:
    Helpful Alliance Company 	 	Borrower:
    Helpful Technologies
	 	 	 
	/s/
    Maxim Temnikov	 	/s/
    Sergey Gurin
	 	 	 
	/n/
    Maxim Temnikov	 	/n/
    Sergey Gurin
	 	 	 
	/t/
    President 	 	/t/
    President

 

    	 	 	Page 2 of 2AMENDMENT
NO. 1 TO LOAN AGREEMENT

 

This
Amendment No. 1 to Loan Agreement (this “Amendment”), dated as of December 14, 2015, among HELPFUL TECHNOLOGIES,
INC., a Florida corporation (the “Borrower”), and HELPFUL ALLIANCE COMPANY, a Florida corporation
(the “Lender”).

 

WHEREAS,
the Borrower and the Lender have entered into a Loan Agreement, dated as of September 1, 2014 (as amended, restated, supplemented
or otherwise modified from time to time in accordance with its provisions, the “Loan Agreement”).

 

WHEREAS,
the parties hereto desire to amend the Loan Agreement on the terms and subject to the conditions set forth herein.

 

NOW,
THEREFORE, in consideration of the premises set forth above and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties agree as follows:

 

1.Definitions.
Capitalized terms used and not defined in this Amendment shall have the respective meanings given them in the Loan Agreement.

 

2.Amendments
to the Loan Agreement. The Loan Agreement is hereby amended as follows:

 

(a)
The definition of “Maturity Date” now appearing in Section 1 of the Loan Agreement is hereby amended in its
entirety to read as follows:

 

“Maturity
Date” means the earlier of (x) December 31, 2016 and (y) the date of repayment of the Principal Amount by the Borrower
to the Lender is evidenced to the Lender as evidenced by the Lender’s bank statements.

 

3.Limited
Effect. Except as expressly provided hereby, all of the terms and provisions of the Loan Agreement are and shall remain in
full force and effect and are hereby ratified and confirmed by the Borrower and the Lender. The amendment contained herein shall
not be construed as a waiver or amendment of any other provision of the Loan Agreement or for any purpose except as expressly
set forth herein or a consent to any further or future action on the part of the Borrower that would require the waiver or consent
of the Lender.

 

4.Conditions
Precedent. This Amendment shall become effective upon the date (the “Effective Date”) on which this Amendment
is duly executed and delivered by the Borrower and Lender.

 

    	 	 	 

    	 	 	 

    

 

5.Representations
and Warranties. Each party hereto hereby represents and warrants to the the other (before and after giving effect to this
Amendment) that:

 

(a)It
has the corporate power and authority, and the legal right, to execute, deliver and perform this Amendment.

 

(b)It
has taken all necessary corporate action to authorize the execution, delivery and performance of this Amendment.

 

(c)This
Amendment constitutes the legal, valid and binding obligations of each party and is enforceable against each party in accordance
with their terms except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar
laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is
sought by proceedings in equity or at law).

 

(d)Each
of the representations and warranties made by each party hereto is true and correct on the date hereof and as of the Effective
Date as if made on and as of such date (except that any representation or warranty which by its terms is made as of an earlier
date shall be true and correct as of such earlier date).

 

(e)No
Default or Event of Default has occurred and is continuing, or will result from this Amendment.

 

6.Successors
and Assigns. This Amendment shall inure to the benefit of and be binding upon the Borrower and Lender, and each of their respective
successors and assigns.

 

7.Governing
Law. This Amendment shall be governed by, and construed in accordance with, the laws of the State of Florida.

 

8.Counterparts.
This Amendment may be executed in any number of counterparts, all of which shall constitute one and the same agreement, and any
party hereto may execute this Amendment by signing and delivering one or more counterparts. Delivery of an executed counterpart
of this Amendment electronically or by facsimile shall be effective as delivery of an original executed counterpart of this Amendment.

 

[SIGNATURE
PAGE FOLLOWS]

  

    	 	2	 

    	 	 	 

    

 

IN
WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date first above written.

 

	 	HELPFUL
TECHNOLOGIES, INC., 

as Borrower

	 	 
	 	/s/
                                         Sergey Gurin

	 	/n/ Sergey Gurin
	 	/t/ President

 

	 	HELPFUL
ALLIANCE COMPANY, 

as Lender

	 	 
	 	/s/
                                         Maxim Temnikov

        

	 	/n/
        Maxim Temnikov
	 	/t/
        President and CEO

 

    	 	3

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