SEC Contract Filing

Filing Date: 2017-11-20

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>pfti_ex10z1.htm
<DESCRIPTION>STANDBY COMMITMENT AGREEMENT AMENDMENT NO. 19
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<TITLE>Standby Commitment Agreement Amendment No. 19</TITLE>
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<META NAME="date" CONTENT="11/17/2017">
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<P style="margin:0px; font-family:Arial; font-size:11pt" align=right><B>EXHIBIT 10.1</B></P>
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<P style="margin:0px; font-family:Arial; font-size:11pt" align=center>Joseph V. Vittoria</P>
<P style="margin:0px; font-family:Arial; font-size:11pt" align=center>1616 South Ocean Boulevard</P>
<P style="margin:0px; font-family:Arial; font-size:11pt" align=center>Palm Beach, FL 33480</P>
<P style="margin:0px; font-family:Arial; font-size:11pt" align=center>(T) 561 659 0860 (F) 561 659 1045</P>
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<P style="margin:0px; font-family:Arial; font-size:11pt" align=justify>Puradyn Filter Technologies, Inc.</P>
<P style="margin:0px; font-family:Arial; font-size:11pt" align=justify>2017 High Ridge Road</P>
<P style="margin:0px; font-family:Arial; font-size:11pt" align=justify>Boynton Beach, FL 33426</P>
<P style="margin:0px; font-family:Arial; font-size:11pt" align=justify>Attention: Alan J. Sandler, VP/CAO, Principal Financial Officer</P>
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<P style="margin:0px; font-family:Arial; font-size:11pt" align=right>November 16, 2017</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-family:Arial; font-size:11pt; float:left">RE:</P>
<P style="margin:0px; text-indent:-2px; font-family:Arial; font-size:11pt" align=justify>Standby Commitment Agreement Amendment #19</P>
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<P style="margin:0px; font-family:Arial; font-size:11pt" align=justify>Dear Mr. Sandler:</P>
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<P style="margin:0px; text-indent:48px; font-family:Arial; font-size:11pt" align=justify>Pursuant to the Standby Commitment Agreement letters dated March 28, 2002, and March 14, 2003 and all Amendments thereto, I, Joseph Vittoria (the &#147;Lending Party&#148;), agree to extend the payback dates from December 31, 2017 to December 31, 2018.</P>
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<P style="margin:0px; text-indent:48px; font-family:Arial; font-size:11pt" align=justify>All other terms defined in the original Standby Commitment Agreement letters and the Amendments thereto, not otherwise in conflict with this Amendment, shall remain in full force and effect.</P>
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<P style="margin:0px; text-indent:48px; font-family:Arial; font-size:11pt" align=justify>IN WITNESS WHEREOF, the parties hereto have caused this agreement to be executed and delivered by the respective officers hereunto duly authorized on the date first written above.</P>
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<P style="margin:0px; font-family:Arial; font-size:11pt" align=right><U>/s/ Joseph V. Vittoria</U></P>
<P style="margin:0px; padding-left:384px; font-family:Arial; font-size:11pt" align=right>Joseph V. Vittoria</P>
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<P style="margin:0px; font-family:Arial; font-size:11pt" align=justify>Accepted and Agreed:</P>
<P style="margin:0px; font-family:Arial; font-size:11pt" align=justify>Puradyn Filter Technologies, Inc.</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-family:Arial; font-size:11pt; float:left">By:</P>
<P style="margin:0px; text-indent:-2px; font-family:Arial; font-size:11pt" align=justify><U>/s/ Alan J. Sandler</U></P>
<P style="margin:0px; text-indent:48px; font-family:Arial; font-size:11pt; clear:left" align=justify>Alan J. Sandler, Vice President, </P>
<P style="margin:0px; text-indent:48px; font-family:Arial; font-size:11pt" align=justify>Chief Administration Officer, Principal Financial Officer</P>
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