Joint Venture Memorandum of Agreement
Category: Joint Venture
Memorandum of Agreement
This Memorandum of Agreement (herein “Agreement”) is made this 6th day of August, 2007, by and between EarthFirst Technologies Incorporated., a Florida Corporation (herein “EFTI”) with its principal office at 3000 Bayport Drive, Suite 910, Tampa, Florida 33607, and its wholly owned subsidiary, World Environmental Solutions Company, Inc., a Florida Corporation (herein “WESCO”), with its principal office located at the same address, and Orion Industrial Services Corporation, an Alabama Limited Liability Company,( herein “OIS”) with its principal office at 2515 Leroy Stevens Road, Mobile, AL. 36696 EFTI, WESCO, and OIS are sometimes referred to herein as “the Parties”.
| A. | Purpose |
The purpose of the Parties in entering into this Agreement is to form a business entity to, develop and sell “CAVD” technology in the form of proprietary modular units and operating systems and proprietary processes designed to recycle waste tire chips into valuable carbon and energy by-products. (herein “Joint Venture”).
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