Consignment and Payment Agreement between CleanCore Solutions, Inc. and Nebraska C. Ozone, LLC (July 27, 2023)

Summary

This agreement is between CleanCore Solutions, Inc. and Nebraska C. Ozone, LLC. CleanCore agrees to pay Nebraska C. Ozone $105,607.40 for 890 units, which CleanCore will sell on consignment. CleanCore will pay Nebraska C. Ozone $118.66 per unit sold at the end of each quarter, with payments due within ten days after each quarter. If any units remain unsold by March 31, 2024, the remaining amount owed will accrue 7% annual interest until paid. Any changes to the agreement must be in writing and signed by both parties.

EX-10.16 21 fs12023ex10-16_cleancore.htm AGREEMENT, DATED JULY 27, 2023, BETWEEN NEBRASKA C. OZONE, LLC AND CLEANCORE SOLUTIONS, INC

Exhibit 10.16

 

AGREEMENT

 

This Agreement is entered into this 27th day July, 2023, by and between CleanCore Solutions, Inc. (“Solutions”) and Nebraska C. Ozone, LLC (“NCO”).

 

WHEREAS, the parties have entered into a three-party Settlement Agreement and General Release (the “Settlement Agreement”), a copy of which is attached hereto as Exhibit “A”;

 

WHEREAS, in conjunction with the Settlement Agreement, NCO has agreed to pay EDM One Hundred Five Thousand Six Hundred Seven and 40/100 Dollars ($105,607.40) in exchange for 890 220V units (the “Units”);

 

WHEREAS, Solutions has agreed to purchase the Units on consignment from NCO; and

 

WHEREAS, the parties desire to establish the terms and conditions for the payments by Solutions.

 

NOW, THEREFORE, in consideration of the above premises and other good and valuable consideration, the parties agree as follows:

 

1.  Solutions shall pay NCO One Hundred Five Thousand Six Hundred Seven and 40/100 Dollars ($105,607.40) in exchange for the Units.

 

2.  Solutions shall sell such Units on consignment, and reimburse NCO $118.66 per Unit at the end of each quarter in which they are sold. Such payments shall be made to NCO within ten (10) days of the end of each quarter by Solutions.

 

3.  If any Units remain unsold by Solutions on March 31, 2024, the amount remaining owed to NCO for unsold Units shall accrue interest at a rate of seven percent (7%) per annum until NCO is paid in full.

 

4.  Any changes or modifications to the terms hereof must be in writing and signed by both parties.

 

  CleanCore Solutions, Inc.

 

  By: /s/ Matt Atkinson
  Name: Matt Atkinson
  Title: Chief Executive Officer

 

  Nebraska C. Ozone, LLC

 

  By: /s/ Lisa Roskens
  Name: Lisa Roskens
  Title: Chairman and CEO