Exhibit 10.57
Memorandum of Understanding
This Memorandum of Understanding is between HiEnergy Technologies,
Inc., 0000 Xxxxx Xxxxxxx, Xxxxxx XX 00000 (HiEnergy") and Aeropuertos Espanoles
y Navegacion Aerea, Edificio La Piovera - Xxxxxxx, 0 00000 Xxxxxx ("Aena").
1. HiEnergy intends to test its system in Spain and Aena intends
to establish a collaboration with HiEnergy for the development
of the technology for the security of Spain.
2. Aena Agrees to:
a. Allow the use of its premises
b. Appoint one contact person
c. Provide technical performance specifications required
for the test
d. Obtain the assistance of Spanish State Security
forces.
e. Evaluate the system performance
f. Upon successful CarBomb Finder test, to make its best
effort to arrange an opportunity for HiEnergy to test
its detector as a False Alarm Eliminator for luggage.
3. HiEnergy agrees:
a. To make its system available for the test
b. To provide appropriate scientific/technical personnel
to operate the test
c. To bear all expenses associated with the test
4. Duration The approximate starting date of the test will be December 1,
2003
Phase I: Two Weeks
Phase II: Two Weeks
5. Indemnification
HiEnergy will be responsible for claims for damages arising as a
consequence of the tests, that are brought by any third party, and
indemnify Aena as to any claims, accusations, and demands for damages
which Aena receives derived from its activities at the Spanish
airports.
Agreed to this 6th day of October, 2003.
HiEnergy Technologies, Inc. by Aena, by
/s/ Xxxxxx X. Xxxxxxx /s/ Xxxx Xxxxxx
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Xxxxxx X. Xxxxxxx Xxxx Xxxxxx
Chairman and CEO Aeropuertos Espanoles
Central Security Office
Security Manager
