Attached files

file filename
8-K - CURRENT REPORT ON FORM 8-K DATED JUNE 1, 2014 - Oakridge Global Energy Solutions, Inc.f8kcurrentreportlwbclean5.htm
EX-10 - PATENT AND TRADEMARK PLEDGE AGREEMENT - Oakridge Global Energy Solutions, Inc.prel142_20140806patentandtra.htm
EX-10 - CONSULTING AGREEMENT - Oakridge Global Energy Solutions, Inc.advisoryokmrprconsultingagre.htm
EX-10 - RE-ASSIGNMENT AND SECURITY ASSIGNMENT AGREEMENT - Oakridge Global Energy Solutions, Inc.prel142_20140806securityassi.htm
EX-10 - AMENDMENT AND RESTATEMENT AGREEMENT - Oakridge Global Energy Solutions, Inc.amendmentandrestatementagree.htm
EX-10 - PRIVATE PLACEMENT SUBSCRIPTION AGREEMENT - Oakridge Global Energy Solutions, Inc.preceptspamendedprivateplace.htm

EXTENSION AGREEMENT



This EXTENSION AGREEMENT made and entered into as of the 24th day of July, 2014, is made by and between Oak Ridge Energy Technologies, Inc., a Colorado corporation (“Oak Ridge”), and Expedia Holdings Limited, a corporation organized under the laws of Hong Kong (“Expedia”).


RECITALS


WHEREAS, on or about February 24, 2014, Oak Ridge and Expedia entered into a Loan Agreement and a Security Agreement; and


WHEREAS, on or about February 24, 2014, Oak Ridge Micro-Energy, Inc., a Nevada corporation and a wholly-owned subsidiary of Oak Ridge, and Expedia, entered into an Intellectual Property Security Agreement; and


WHEREAS, pursuant to the Loan Agreement, the term of the Loan Agreement expired as of June 30, 2014; and


WHEREAS, Oak Ridge and Expedia desire to extend the Loan Agreement to July 31, 2014;


NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Oak Ridge and Expedia hereby agree to extend the Loan Agreement to July 31, 2014, and that such extension has no other effect on the Loan Agreement or the liens in the Security Agreement or the Intellectual Property Security Agreement, whatsoever.



OAK RIDGE ENERGY TECHNOLOGIES, INC.



Dated: July 24, 2014

.

By /s/ Stephen J. Barber

     Stephen J. Barber, Chief Executive Officer

   


EXPEDIA HOLDINGS LIMITED



Dated: July 24, 2014

.

By /s/ Jaihe Hong

     Jiahe Hong, Director

     Expedia Holdings Limited