Item 1.01 Entry into a Material Definitive Agreement
On February 24, 2021, the company entered into an exclusive technology licensing
and distribution agreement for the Island of Jamaica (the "Jamaica Agreement")
with Regreen Technologies Inc. ("Regreen"), wherein Regreen has provided our
company with the exclusive right to solicit, market, advertise and utilize
Regreen Systems that uses Regreen multi patented technology and processes owned
and developed by Regreen, in connection with waste to fluff/pellets/briquettes
and additional renewable energy systems and products on the Island of Jamaica.
Additionally, the company agreed to enter into a Purchase and Sale Agreement and
Repair, Maintenance and Service Agreements for the Island of Jamaica and pay
Regreen a royalty equal to 3% of the dollar amount of net sales derived from
Regreen-Derived Products as a result of purchase and the use of all Regreen
Provided Systems. The company has agreed to pay Regreen a service maintenance
and repair fee equal to 2.5% of the dollar amount of net sales derived from
Regreen-Derived Products as a result of purchase and the use of all Regreen
Provided Systems.
On March 5, 2021, the company entered into a sale and purchase agreement for the
Country of Jamaica with Regreen.
On March 1, 2021, the company entered into an exclusive technology licensing and
distribution agreement for the Province of Alberta (the "Alberta Agreement")
with Regreen, wherein Regreen has provided our company with the exclusive right
to solicit, market, advertise and utilize Regreen Systems that uses Regreen
multi patented technology and processes owned and developed by Regreen, in
connection with waste to fluff/pellets/briquettes and additional renewable
energy systems and products in the Province of Alberta, Canada.
Additionally, the company has agreed to enter into a Purchase and Sale
Agreement, and Repair, Maintenance and Service Agreements for the Province of
Alberta, and pay Regreen a royalty equal to 3% of the dollar amount of net sales
derived from Regreen-Derived Products as a result of purchase and the use of all
Regreen Provided Systems. The company agreed to pay Regreen a service
maintenance and repair fee equal to 2.5% of the dollar amount of net sales
derived from Regreen-Derived Products as a result of purchase and the use of all
Regreen Provided Systems.
On March 5, 2021, the company entered into a sale and purchase agreement for the
Province of Alberta with Regreen.
The company, through our affiliates, will seek a Bond in an amount of up to
US$500 Million Dollars ($500,000,000.00) within one year, to purchase of up to
52 TPH Regreen Machines within six (6) months for each project.
Item 9.01 Financial Statements and Exhibits
10.1* Exclusive Technology Licensing and Distribution Agreement for the
Island of Jamaica dated February 24, 2021.
10.2* Sale and Purchase Agreement for the Country of Jamaica dated March
5, 2021.
10.3* Exclusive Technology Licensing and Distribution Agreement for the
Province of Alberta dated March 1, 2021.
10.4* Sale and Purchase Agreement for the Province of Alberta dated March
5, 2021.
*filed herewith.
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