Exhibit 10.14
[XXXXXXXXXX LOGO]
June 25, 2002
TO: Supplier
FROM: Xxxxxxx X. Xxxx
SUBJECT: SUPPLY/OFF-TAKE AGREEMENT HOPE FRAC MELT REPRO,
CERTIFIED POST-CONSUMER
________________________________________________________
Dear Supplier:
Per our discussions, SUPPLIER agrees to supply and XXXXXXXXXX agrees to
Purchase the said supply of HDPE frac melt repro, certified post-consumer,
details as follows:
PRODUCT: HDPE repro, (natural/mixed color?), approx. MI/density ???,
from post-consumer bottles
PACKAGING: Bulk rail, bulk truck and boxes
QUANTITY: Minimum ________ Lbs. To _________ Lbs. Per Month
TERMS:
PRICE: Subject to market conditions, packaging, FOB
point(s).
AGREEMENT PERIOD: One (1) year, beginning _______________2002
CONDITIONS: Pricing to be reviewed on monthly basis.
Please confirm your acceptance of this proposal by return fax soonest.
We look forward to a long and mutually beneficial relationship with SUPPLIER in
the months and years ahead.
Sincerely,
Xxxxxxx X. Xxxx
Sales Manager
Recycled Resins
X. Xxxxxxxxxx & Co. Inc.
000 Xxxxxxxxxxx Xxxxxx, Xxxxxxx, XX 00000-0000
Tel: 000-000-0000 Fax: 000-000-0000
[XXXXXXXXXX LOGO]
August 5, 2002
Xx. Xxxx X. XxXxxxxxxxxx
President/CEO
Beechport Capital Corp/
ITEC Environmental Systems, Inc.
000 Xxxxx 0xx Xxxxxx
Xxxxxxx, XX 00000
SUBJECT: REFERENCE YOUR LETTER DATED 7/19/02
-----------------------------------
Dear Xxxx:
Thank you again for coming out to visit us and for taking the time to pen the
above referenced letter explaining Beechport's business activities.
As to the question of how we might best proceed from here, our preference would
be to work similarly to the way we worked with you in the past i.e. start with
the standard "Supply/Off-Take Agreement" for your California plant, based on
the volumes that you will detail in your start up and expansion schedule
(Appendix A). We will also need standard production run samples to introduce to
our potential customer base. This activity should take place as soon as
possible.
We are very excited about the prospects of working with you on this new venture
Xxxx. We are confident, based on our past experience together, in your ability
to produce high quality post-consumer HDPE bottle resin, and in our own ability
to sell this resin. Equally important though, we are confident in your ability
to work with us to make this venture a success.
As we move forward I think it is important to note two major factors that are
going to greatly influence our prospects for success together, these being 1)
feedstock i.e. bottle availability and cost, and 2) Beechport's technology
advantage.
We need to be able to offer the market a cost savings, hopefully a significant
one. We will also need to overcome somewhat of a freight disadvantage, in that
the Riverbank plant is somewhat removed from the largest part of our North
American customer base. Based on what you have told me about your feedstock
supply situation and your production capabilities, we should be able to be very
competitive in the North American market place.
Anyway, please forward us a copy of your start up and expansion
schedule/Appendix A, as well as production samples at your soonest convenience.
Let's also keep in touch regarding the HDPE baled bottle and repro markets as
we continue to formulate our sales/marketing game plan.
Again, it was great to see you. I hope to be able to do it perhaps over dinner
again soon. We look forward to a long and mutually beneficial relationship
with Beechport Capital in the months and years ahead.
Best regards,
/s/ Xxxxxxx X. Xxxx
-------------------
Xxxxxxx X. Xxxx
Sales Manager
Recycled Resins
X. Xxxxxxxxxx & Co., Inc.
000 Xxxxxxxxxxx Xxxxxx, Xxxxxxx, XX 00000-0000 Tel: 000-000-0000 Fax: 203-
000-0000
