Document:

Exhibit 10(e)

    
      

    

    10(e)

    

    

    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 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 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
                  ("Chatter") 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

              

      

      
 

    

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    
       

      
        
          	 	 	
                  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 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 enforceablility 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 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 Of 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 of 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(f)

    
      

    

    10(f)

     

    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 EUROPEAN CATALYST 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 $3,000,000.00, 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 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 31 st 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

            

    

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    2.    Warranties
      and Representations.
      As an
      inducement to the Holder to enter into this
      Agreement, the Borrower makes the following representations arid 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 enforceabilily 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 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	  
	 

    

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    
      	 	 	
              HOLDER:

            	 	 
	 	 	 	 	 	 
	 	 	
                 
                

            	/s/
              Florian Homm	
              (SEAL)

            	 
	 	 	
              Name:

            	
              Florian
                Homm 

            	  
	 
	 	 	
              Title:
                

            	
              Principal

            	  
	 

    

     

     

    
      4

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