Strategic Alliance Agreement
EXHIBIT 10.1
This
Strategic Alliance Agreement (“SAA”) is entered into by and between Magnegas
Corporation (“MNGA”) and United Gas Company a United Arab Emirates company
(“UNIGAS”) entered into on this 5th day
of November, 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
UNIGAS is a company organized and existing under the laws of the UAE with its
principle place of business in UAE.
Whereas,
MNGA and UNIGAS are desirous to enter into a collaboration for promotion of the
technology in the United Arab Emirates region of the Middle East. The
focus of the promotion will be specifically for UNIGAS to replace existing metal
working fuel sales with Magnegas. UNIGAS is a fuel distributor in the
UAE and has identified Magnegas as a potential green fuel replacement for
Acetylene and other metal working fuels.
MNGA and
UNIGAS 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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UNIGAS
will provide the local promotional and analysis to determine the best
method for entering the market
profitability.
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(c)
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UNIGAS
is desirous of analyzing the potential of becoming an exclusive
distributor of Magnegas for the region, including the purchase of
equipment directly from Magnegas Corporation so the UNIGAS can produce
fuel locally in the UAE 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 and other liquid waste to irrigation
water and fuel for the UAE region.
4. This
is a NON-EXCLUSIVE Agreement
5. Website
Links and Image Authorization
xxx.xxxxxxxx.xxx
xxx.XXXXXXXX.xxx
MNGA and
UNIGAS authorize each other to be named as a “Partner” on each others website
with a corporate logo linking to its website.
MNGA and
UNIGAS 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: 11/9/2009
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By:
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/s/ Ahmad
Abd Al Xxxx
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Xxxxx
Abd Xx Xxxx, UNIGAS
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DATED:
11/16/2009
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By:
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/s/ Xx.
Xxxxxxx Xxxxxxxx
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Xx.
Xxxxxxx Xxxxxxxx, Magnegas Corporation
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