Dalrada Financial Corp (DFCO)

[XenaLives]

Three weeks and the Crown Glory deal is toast...

No heat pumps mentioned on the web site:
https://crowngloryholding.com/our-services/

IT IS AGREED:



A. Current clause 2 of the MOU (“EFFECTIVENESS AND CONDITION”) shall be redrafted to read as follows,


“2. EFFECTIVENESS AND CONDITION


2.1 This MOU shall be effective from its execution, and unless extended by written agreement of the parties, shall be terminated upon the earlier to occur of one of the following events:

a) The execution of the Main Agreement.

b) Twelve (12) months from the effective date of this MOU, and after which the following years are committed, unless written termination request is made at end of 12 months.


2.2 As a Condition for the effectiveness and binding effect of this MOU to be maintained throughout the period expressed in paragraph 2.1, Distributor shall within the first fifty (50) days after execution of the MOU:

a) Crown Glory Holdings will identify four to five buildings, that will require a climate technology heat pump, they will release an initial PO to cover the required Qty for identified buildings.

b) Deposit of 50% of the unit cost will be released with order.

2.3 After units have been installed, and performance has been tested, Distributor will release further orders for product.

2.4 Were the Condition set out in paragraph 2.2 not be met within the established time, MOU shall cease to be in force immediately and without the need to further notification from the Supplier.”

B. There are no additional changes to the MOU dated [8th] August, 2023.

C. This APPENDIX NO 1 is to take immediate effect upon signing, without affecting the remaining Clauses of MOU.

https://contracts.justia.com/companies/dalrada-financial-corp-10263/contract/1251530/