Environmental Waste International Inc. provides an update on its agreement with WindSpace A/S ("WindSpace") that was previously announced on August 20, 2020. The parties are continuing to work toward the development of a 100 metric ton per day waste tire recycling plant in Nyborg, Denmark. WindSpace has retained Green Giraffe to assist them in raising capital for the Nyborg plant. WindSpace is in discussions with a number of institutional investors, and they hope to complete financing by the end of 2021, but there can be no assurance that financing will be completed. WindSpace has developed plans and is seeking financing to build a second 100 metric ton per day facility in Nyborg as a result of conversations with and ongoing interest from a leading global industrial manufacturer to become a strategic partner in its projects in Nyborg. Due to the lengthy lead time related to the plant development in Nyborg, the parties have amended their agreement to eliminate their exclusive arrangement across Europe. Instead, the parties will focus their near-term efforts on development of two 100 metric ton per day plants in Nyborg and have agreed to revisit long-term cooperation opportunities at a later stage.