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Exhibit 10.8
CHANGES IN TERMS AGREEMENT
Borrower: | American Power Group, Inc. |
2503 E. Poplar Street | |
PO Box 187 | |
Algona, IA 50511 | |
Lender: | Lyle Jensen |
DESCRIPTION OF EXISTING INDEBTEDNESS
Promissory Note dated October 12, 2011, in the original amount of $150,000.00.
DESCRIPTION OF CHANGE IN TERMS
Lender hereby extends maturity date from October 12, 2011, to March 15, 2012.
All other terms to remain the same.
PRIOR TO SIGNING THIS AGREEMENT, BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS AGREEMENT. BORROWER AGREES TO THE TERMS OF THE AGREEMENT.
BORROWER ACKNOWLEDGES RECEIPT OF A COMPLETED COPY OF THIS CHANGE IN TERMS AGREEEMNT AND ALL OTHER DOCUMENTS RELATING TO THIS DEBT.
Undersigned: | Holder: |
American Power Group, Inc. | Lyle Jensen |
By: /s/ Mike Schiltz | By: /s/ Lyle Jensen |