Product-for-Scrap Exchange Agreement between Caterpillar World Trading Corporation and Alliance Environmental Technologies Inc.

Summary

Caterpillar World Trading Corporation and Alliance Environmental Technologies Inc. have agreed that Alliance Environmental will acquire Caterpillar products and pay for them with scrap material. Both companies will work together to market the scrap to mills and foundries in North America and Western Europe to maximize its value. The agreement outlines the exchange of goods for scrap and the joint marketing effort, but does not specify time limits or other detailed conditions.

EX-10.1 5 ex10-1.txt CATERPILLAR(R) Caterpillar World Trading Corporation 100 NE Adams Street Peoria, IL ###-###-#### October 4, 2001 Mr. James Solono Alliance Environmental Technologies Inc. P.O. Box 541309 Bronx, New York 10020 To Whom It May Concern: Please be advised that Caterpillar World Trading Corporation and Alliance Environmental Technologies Inc. have entered into an agreement whereby Alliance Environmental acquires Caterpillar product and pays for the Caterpillar product in scrap. In order to maximize the value of the scrap, Caterpillar World Trading Corporation in conjunction with Alliance Environmental will be marketing the scrap to various mills and foundries in North America and Western Europe. Best Regards, /s/ DJ Weston Business Trade Manager Western Hemisphere Caterpillar World Trading Corp. DJWeston Telephone: (309) 494-0519 Fax: (309) 494-0526