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Strategic Alliance Agreement

Strategic Alliance Agreement

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This Strategic Alliance Agreement involves

SOLANEX MANAGEMENT INC | Eco Tech waste Management Systems Inc

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Title: Strategic Alliance Agreement
Date: 10/16/2006

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Strategic Alliance Agreement

 

This Agreement is entered into between Solanex Management Inc. , a Nevada corporation ("Solanex") and Eco Tech waste Management Systems Inc. , a British Columbia corporation ("EcoTech") on this 23rd day of May, 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. The two parties wish to jointly develop and market this portable high temperature burner system for use across North America.

 

To further this joint development, and in a spirit of good faith, friendship and mutual cooperation, the parties agree as follows:

 

1. Solanex agrees to market the portable soil remediation technology to the environmental industry using direct contacts and presentations of its concept to specific executives responsible for industrial clean up and maintenance programs. EcoTech will specify the companies to be contacted over the course of this project. The parties will meet and explore a schedule for marketing the prospective customers.

 

2. EcoTech will build each portable high temperature burner unit for a cost not to exceed $2,000,000 USD per unit. The parties agree that they will cooperate to achieve any cost savings possible and that this price can be adjusted by mutual agreement as the actual


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