Addendum to Strategic Alliance Agreement
Addendum
to Strategic Alliance Agreement
This
Addendum to the Strategic Alliance Agreement (‘addendum’) entered into between
Solanex
Management Inc.,
a
Nevada corporation ("Solanex") and Eco
Tech waste Management Systems Inc.,
a
British Columbia corporation ("EcoTech") originally dated 23rd
day of May, 2006 (‘Agreement’)
is entered into this 12th
day of October, 2006.
Preamble
Solanex
is a technology development company specializing in high temperature soil
remediation for the resource industry. EcoTech is a development company that
specializes in high temperature burner and gasifier systems and has a capability
to manufacture a prototype high temperature gasifier. Solanex and Ecotech have
jointly developed a portable Soil Remediation System for the remediation of
soil
contaminated by industrial use. In consideration for $2,000 to be paid to
Ecotech, the parties agree to expand their business relationship to include
a
portable high temperature steam generation technology and jointly develop and
market portable high temperature burner gasifier systems for use across North
America.
The
steam
generation technology is a natural off shoot from the original high temperature
burner intended for use in soil remediation and is being developed for use
in
oil field situations where high-pressure
steam is injected into the oil formation to soften the material in which the
oil
is trapped and help dilute and separate the oil from the earth. The steam
injected under pressure also creates channels and cracks through which the
oil
can flow to the well.
To
further this joint development, and in a spirit of good faith and mutual
cooperation, the parties agree to abide by the terms, conditions and intent
of
their original Agreement dated May 23, 2006 and now to include the steam
generation technology as well as the soil remediation burner.
Accepted
and Agreed to this 12th
of October, 2006
/s/
Xxxxxx Xxxx
Xxxxxx
Xxxx, President
Eco
Tech Waste Management Systems Inc.
/s/
Xxxx Xxxxxxx
Xxxx
Xxxxxxx, Chief Executive Officer
