Plastic2Oil Inc (PTOI)

[jaxstraw]

News flash....no money was exchanged for this Agreement also. (see your quote below).

It is not binding by your very definition.

Just as the similar Agreements signed with RockTenn and EcoNav were not binding and there were no legal ramifications for not fufilling any part of the Agreement.

So once again. What is the 'huge difference' between this Agreement and the MOU ?

Neither is binding and neither has a monetary exchange.

An Agreement is of binding nature, whereas a MoU is binding upon the parties if the memorandum is signed in exchange for monetary consideration. Since no money was exchanged, it was not binding.
Conclusion: If the parties do not want any legal binding upon them, they can go for MoU without exchanging money.