TransAct Energy Corp (TEGY)

[cayman_west]

On September 13, 2017, TransAct Energy Corp, a Nevada corporation (the “Company”), through its subsidiary Puebla Z.E.W.O.P. 1, S de R.L. de C.V. entered into a binding Waste Supply and Disposal Agreement with Grupo Ecologico Hasars GE of Zapopan, Jalisco, Mexico. In this agreement, the Companies subsidiary is bound to purchase up to 481,800 metric tons (MT) of solid waste annually at a rate of $180 Mexican Pesos per MT, upon operational certification of its waste optimization plant by Fichtner Consulting Engineers in approximately eighteen (18) to twenty-four (24) months. This is an obligation for the plants feed-stock of approximately $5 Million USD annually. The agreement is conditional on the plant obtaining all permits required to operate and is for a 10 year term initially.

From this feed-stock the Company intends on producing and selling 18 different products that are commercially traded on the global markets every day.

In order to secure the Waste Supply Agreement, TransAct through its Mexican subsidiaries contracted the services of Victor Rizk with a success fee of thirty Million Mexican pesos approximately $1.7 Million USD. This fee will be payable when the Waste Supply Agreement becomes unconditional.