NewStream Energy Technologies Group Inc (NSGP)

[asegal1228]

I take this as maybe the MOU is not as "binding" as some would think.

"14.
VALIDITY AND TERMINATION

a. This MOU shall remain valid and binding for a period of thirty days from the date of execution of this MOU or the Parties enter into a definitive agreement for Joint Venture in pursuant to this MOU, which ever is earlier



b. This MOU shall terminate automatically after the efflux of the validity period or in case:

a.
the Parties fails to incorporate the Joint Venture Company

b.
either Party fails to perform their respective obligations under this
MOU

c.
Any material breach of terms of this MOU

Upon termination of this MOU, CCTI shall refund the entire amount received under this MOU."

JMHO

GL