Common Contracts

MEMORANDUM OF UNDERSTANDING SUMMARY OF TERMS

April 18th, 2023

• Filed
  April 18th, 2023

This Memorandum of Understanding (the ‘MOU”) is entered into by and between MAGNEGAS CORPORATION (“MAGNEGAS”) and XXXX, effective as of this 7th day of October, 2013 (the “Effective Date”), for the purpose of setting forth their understanding as to the terms under which they would contemplate pursuing a mutual relationship for jointly carrying out the specific business activities described herein. MAGNEGAS and XXXX may be jointly referred to herein as the “Parties and each of them, a “Party”.