Strategic Alliance Agreement
Exhibit
10.1
Strategic
Alliance Agreement
This
Strategic Alliance Agreement ("SAA") is entered into by and between Magnegas
Corporation ("MNGA") and TIES International a Kuwaiti company ("TIES") entered
into on this 29th day of October, 2009.
1. Recitals
Whereas,
MNGA is a corporation organized and existing under the law of the state of
Delaware with its principle place of business in the state of
Florida.
Whereas
TIES is a company organized and existing under the laws of the Kuwait with its
principle place of business in Kuwait.
Whereas, TIES is Kuwaiti
company engaged in the business of engineering total solutions for clients in
the oil sector, power sector and wastewater sector (xxx.XXXX.xxx.xx).
Whereas,
MNGA is a Delaware Corporation engaged in the business of generating a hydrogen
based gaseous fuel, irrigation water and other byproducts from liquid waste with
its patented Plasma Arc Flow technology.
Whereas,
MNGA and TIES are desirous to enter into a collaboration for promotion of the
technology in the Middle East. The focus of promotion will be in two main
markets. The first market is the conversion of sewage to clean water and fuel.
There is a current environmental sewage catastrophe in Kuwait has prompted
finding a solution and thus establishing the collaboration between the two
parties. The second market is the conversion of refinery oil waste to Magnegas
or hydrogen. There is an enormous environmental problem in Kuwait with the
disposal of oil and petro-chemical refinery waste that can potentially be solved
with the Magnegas technology.
MNGA and
TIES agree to the following:
2. Responsibilities
for a Strategic Alliance
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a)
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MNGA
will provide the technical know-how and related support regarding the
Magnegas Technology, its byproducts and use
thereof
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b)
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TIES
will provide the local promotional and engineering
support.
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c)
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The
collaboration of the two parties are also desirous of setting up
manufacturing facilities for the MNGA technology in the local
region.
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3. Scope
of Alliance
a) The
alliance will focus on the following:
I.
Selling Plasma Arc Flow equipment to convert sewage to irrigation water and
fuel.
4. This
is a NON-EXCLUSIVE Agreement
5.
Website
Links and Image Authorization
xxx.xxxxxxxx.xxx
xxx.XXXX.xxx.xx
MNGA and
TIES authorize each other to be named as a "Partner" on each others website with
a corporate logo linking to its website.
MNGA and
TIES have the right to withdraw from this agreement at any time. The other party
has to delete all logos, references or links from its website upon written
demand not later than 3 days after
receiving this demand by e-mail and/or fax.
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DATED:
29 Oct '09
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/s/
Xx Xxxxx Xx Xxxxxx
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Xx
Xxxxx Xx Xxxxxx, TIES
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