Attached files

file filename
10-K - FORM 10-K FOR FISCAL YEAR ENDED AUGUST 31, 2009 - UBIQUITECH SOFTWARE CORPfm10k_8-09.htm
EX-10 - LETTER OF INTENT WITH NAVITAS DATED DECEMBER 23, 2009 - UBIQUITECH SOFTWARE CORPexh10-1.htm
EX-31 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER - UBIQUITECH SOFTWARE CORPexh31-1.htm
EX-31 - CERTIFICATION OF CHIEF FINANCIAL OFFICER - UBIQUITECH SOFTWARE CORPexh31-2.htm
EX-10 - AMENDMENT NO. 1 TO LETTER OF INTENT WITH NAVITAS - UBIQUITECH SOFTWARE CORPexh10-2.htm
EX-32 - CERTIFICATION OF CHIEF EXECUTIVE AND CHIEF FINANCIAL OFFICER - UBIQUITECH SOFTWARE CORPexh32.htm

EXHIBIT 10.3

Ubiquitech Software Corp.

7435 S. Eastern Avenue, Suite 5

Las Vegas, Nevada 89123

 

January 25, 2010

 

Navitas Land and Mineral Corp.

876 W. Everly Brothers Blvd

Central City, KY 42330

Attention: Dan Williams

 

RE: Oakley Lease

 

Dear Sirs,

 

Following up on our recent discussion regarding the deadlines set out in our Letter of Intent (“LOI”) dated December 23, 2009 and as amended January 6, 2010, we are just now finalizing certain outstanding financial statements for the Company. Once complete we expect to be able to move forward with this transaction immediately. Accordingly, this correspondence will confirm that we have each agreed to amend the earlier document by extending the date for delivery of a mutually satisfactory Definitive Agreement, as that term is defined in the LOI.

 

This document will evidence in writing our joint decision to extend the original deadline to February 15, 2010, by which date we expect to have brought current all corporate and financial material information. As a consequence of such modification, the earlier specified time frame for agreement to final terms or rescission of the LOI, as set out in the penultimate paragraph of the third page of the LOI, will additionally be extended until and to include February 15, 2010. In all other respects the general terms and conditions, representations and restrictions of the original LOI remain in full force and effect.

 

In the event the above is consistent with the modified terms as agreed we would ask that you indicate your agreement and acceptance by signing the duplicate copy of this letter in the space provided below and returning same to our offices at your first convenience. Should you have any questions in connection with this matter, please do not hesitate to contact the undersigned at your earliest convenience.

 

Yours truly,

 

Ubiquitech Software Corp.

 

Per:

s/Young Yuen

 

Young Yuen

President

 

We hereby indicate our agreement and acceptance of the modifications to the terms of the LOI dated December 23, 2009 as set out above.

 

Navitas Land and Mineral Corp.

 

Per:

s/Dan Williams

 

_______________________

Dan Williams