JOINT DEVELOPMENT AGREEMENT By and Among AE BIOFUELS AMERICAS, INC. And DS DEVELOPMENT, S.A. Dated as of June 9, 2008Joint Development Agreement • June 13th, 2008 • AE Biofuels, Inc. • Industrial organic chemicals • England
This JOINT DEVELOPMENT AGREEMENT (this “Agreement”) is made and entered into effective as of this 9th day of June, 2008 (the “Effective Date”), by and among AE BIOFUELS AMERICAS, INC., a US corporation incorporated under the laws of Nevada (“AEBA”); and DS DEVELOPMENT S.A., a private corporation validly incorporated and existing under the laws of Argentina (“DSD”) formerly named Q4B S.A., and a wholly owned subsidiary of DS GROUP S.A. and INTERPRISE BRUSSELS S.A., two private corporations validly incorporated and existing under the laws of Belgium. DSD and together with AEBA, are referred to as the “Developers”. This Agreement shall supersede the Memorandum of Understanding (as defined below) entered into by and between the Parties.
