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Extension Agreement Between The Company And Jeffrey Motske Dated March 1, 2011

This is an actual contract by Location Based Technologies.

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Sectors: Energy
Effective Date: March 01, 2011
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This Extension Agreement (this " Agreement" ), dated as of March 1, 2011, is entered into by and among Location Based Technologies, Inc., (" Borrower" ) and Jeffrey Motske, (" Holder" ).


WHEREAS, the Holder has loaned $100,000 to the Borrower as of the effective date of this Extension Agreement, evidenced by a Promissory Note Agreement dated June 14, 2010 with an original maturity date of December 13, 2010 (" Note" ) and by this Extension Agreement dated March 1, 2011 hereby extending the maturity date to March 31, 2011; and

WHEREAS, the Borrower and Holder agree to further extend the maturity date of the Note in accordance with the terms hereof.


NOW THEREFORE, in consideration of the foregoing premises and the mutual co
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