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Exhibit 10.18
May 14, 2012
K. Tucker Andersen
61 Above All Road
Warren, CT 06754
Dear Mr. Andersen,
In summary of our telephone conversation we had on, Thursday, May 10, 2012, this is the formal notification that you have agreed to extend the due date of the Promissory Note with Milestone Scientific Inc. originally dated December 24, 2008 for four hundred fifty thousand dollars ($450,000) until January 3, 2014. All other terms and conditions remain the same as included in the original agreement.
Please sign below acknowledging this change.
Thank you very much for your continued support of Milestone Scientific Inc.
Best regards, |
/s/ Joseph D’Agostino |
Joseph D’Agostino |
Chief Financial Officer |
/s/ K. Tucker Andersen |
K. Tucker Andersen |
May 14, 2012
Date