Extension Agreement to Memorandum of Understanding between MagneGas Corporation and Green Gas Supply, LLC
MagneGas Corporation and Green Gas Supply, LLC have agreed to extend the expiration date of their existing Memorandum of Understanding to November 18, 2015. This extension is confirmed by both parties through their authorized representatives. No other terms of the original agreement are changed by this extension.
Exhibit 10.1
October 21, 2015
Ms. Luisa Ingargiola
MagneGas Corporation
150 Rainville Road
Tarpon Springs, FL 34689
| Re: | Memorandum of Understanding between MagneGas Corporation and Green Gas Supply, LLC. |
Dear Luisa:
This letter will confirm that we have agreed to extend the date of expiration of the referenced Memorandum of Understanding to November 18, 2015.
Please sign and date in the space indicated below to acknowledge our agreement to extend.
Very truly yours,
GREEN GAS SUPPLY, LLC.
By: /s/ Clinton Rafe Dean
Clinton Rafe Dean
Manager
ACKNOWLEDGED:
MAGNEGAS CORPORATION
| By: | /s/ Luisa Ingargiola | Date: | 10/21/2015 | ||
| Luisa Ingargiola | |||||
| Chief Financial Officer |
