Description of Verbal Agreement Sample Contracts

Description of Verbal Agreement between Auscrete and VAWT
Description of Verbal Agreement • March 29th, 2011 • AUSCRETE Corp • Concrete products, except block & brick

Both parties entered into a verbal agreement based on an understanding that AC Manufactures Aerated Concrete Panels for the purpose of constructing affordable housing and other structures as may be determined from time to time.

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Description of Verbal Agreement to Pay for the Registration of Common Stock and Offering Expenses Between Palmerston Stock Agency, Inc., and Ian Raleigh
Description of Verbal Agreement • January 21st, 2011 • Palmerston Stock Agency, Inc. • Wholesale-farm product raw materials

On November 3, 2010 Ian Raleigh, the sole officer and director of Palmerston Stock Agency, Inc., (the “Company” or “we” or “our”) verbally agreed to provide funding to cover the expenses associated with our offering and registration of our common stock for the next 12 months and beyond, until the Company is engaged in business activities that provide cash flow sufficient to cover these costs. We currently have no written contractual agreements in place with Mr. Raleigh to provide such funding and as such have no legal recourse if he fails to do so. At this time we do not have all of the necessary funds to pay for these expenses and do not have any written agreement to raise funds to cover these expenses. However, we believe we will be able to meet these costs with funds provided by Mr. Raleigh. At such time that the Company has the ability to cover these expenses with cash flow from operations, Mr. Raleigh will no longer be obligated to cover such costs.

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