Document:

raptorexh10_7.htm

Exhibit 10.7

 

Letter of Intent

 

Raptor Fabrication & Equipment

7064 Sampey Rd

Groveland, FL 34736

Attention:  Tom Gleason, Dwayne Dundore

 

 

October 29, 2010

 

Dear, Mr. Gleason, Mr. Dundore:

 

When countersigned by each of the parties, the following will constitute our letter of intent, outlining the general terms with respect to funding by Eco Ventures Group, Inc, (“EVG”) 4577 Nob Hill Road, Suite 201, Sunrise, Florida 33351 for Raptor Fabrication & Equipment 7064 Sampey Road, Groveland, FL 34736.

 

1.             Funding:

 

Upon execution of this Letter of Intent & Proposal Order Form, Eco Ventures Group, Inc. agrees to provide certain funding for its participation in a Joint Venture with Raptor Fabrication & Equipment in a 2000 ton per year platinum group metals recovery plant located in Groveland, FL. The initial cost of this project is $1,300,000.00. The timing for this payment for the project will be paid out as follows: $400,000.00 on or before 1/31/2011 to start processing about 3-4 tons per day, the next $900,000.00 on or before 12/30/2011 will take the plant to the 2000 tons per year. Both parties agree to work and meet these targets on a best efforts basis.

 

2.             Definitive Agreement

 

The parties will diligently and in good faith negotiate a definitive Agreement (the "Definitive Agreement") incorporating the principal terms of the contemplated transaction as set forth herein and, in addition, such other terms and provisions of a more detailed nature as the parties may agree upon.

 

3.             Confidentiality. As a result of this Letter of Intent each of Raptor and Funder may become acquainted with confidential information belonging to the other, including the names and contact information of suppliers, vendors, customers, banks, venture capital providers and financiers. Raptor and Funder hereby acknowledge the desire and right of each other to preserve the secrecy of all confidential information. Raptor and Funder agree to prevent the unauthorized disclosure of the confidential information to or use by another person, firm or company.

 

 

 

  

1

  

 

 

4.             Applicable Law. This Letter of Intent shall be governed and interpreted in accordance with the laws of the State of Florida, United States and the parties consent to the exclusive jurisdiction and venue in the state and federal courts sitting in Groveland, the State of Florida, and United States.  In any action or suit to enforce any right or remedy under this Letter Agreement or to interpret any provision of this Letter Agreement, the prevailing party shall be entitled to recover its costs, including reasonable attorneys' fees.

 

5.             Cost and Expenses

 

Except as otherwise specifically set forth herein, each party will bear its own attorneys, brokers, agents, and finders employed by, such party.  The parties will indemnify each other against any claims, costs, losses, expenses or liabilities arising from any claim for commissions, finder's fees or other compensation in connection with the contemplated transaction which may be asserted by any person based on any agreement or arrangement for payment by the other party.

 

7.           Execution in Counterpart

 

The parties may execute this Letter of Intent in two or more counterparts, each of which is deemed to be an original and all of which will constitute one agreement, effective as of the date given above.

 

If the foregoing accurately sets forth your understanding in this regard, please date, sign and return the enclosed copy of the Letter of Intent to the undersigned.

 

 

Yours very truly,

 

Eco  Ventures Group, Inc.

 

By:   /s/ Ken                                                                          

 

Acknowledged and Accepted this

 

    29      day of October, 2010

 

Raptor Fabrication & Equipment

 

By:  /s/ Tom Gleason                                                           

 

Tom Gleason, President

 

 

By:  _____________________________________

 

Dwayne Dundore, Chairman and Chief Technology Officer

 

 

  

2raptorexh10_8.htm

Exhibit 10.8

 

Letter of Intent

 

Raptor Fabrication & Equipment

7064 Sampey Rd

Groveland, FL 34736

Attention:  Tom Gleason, Dwayne Dundore

 

 

October 29, 2010

 

Dear, Mr. Gleason, Mr. Dundore:

 

When countersigned by each of the parties, the following will constitute our letter of intent, outlining the general terms with respect to funding by Eco Ventures Group, Inc, (“EVG”) 4577 Nob Hill Road Suite 201 Sunrise Florida 33351 for Raptor Fabrication & Equipment (“Raptor”) 7064 Sampey Road, Groveland Florida 34736.

 

1.          Funding:

 

Upon execution of this Letter of Intent & Proposal Order Form, Eco Ventures Group, Inc agrees to provide certain funding for its participation in a Joint Venture with Raptor in a 3.6 million gallon biodiesel system located at 7510 State Road 50 Groveland Florida. The initial total cost of this project is $1,600,000.00. The timing for this payment for the project will be paid out as follows $50,000.00 on or before 1/15/2011, the next $300,000.00 on or before 1/31/2011. On or before 3/15/2011 the third payment of $500,000.00 will be paid out. The forth payment of $500,000.00 is due on or before 6/15/2011 and the final payment of $250,000 is due on or before 9/15/2011. Both parties agree to work on a best efforts basis to provide the agreed funding.

 

2.           Definitive Agreement

 

The parties will diligently and in good faith negotiate a definitive Agreement (the "Definitive Agreement") incorporating the principal terms of the contemplated transaction as set forth herein and, in addition, such other terms and provisions of a more detailed nature as the parties may agree upon.

 

3.           Confidentiality. As a result of this Letter of Intent each of Raptor and Funder may become acquainted with confidential information belonging to the other, including the names and contact information of suppliers, vendors, customers, banks, venture capital providers and financiers. Raptor and Funder hereby acknowledge the desire and right of each other to preserve the secrecy of all confidential information. Raptor and Funder agree to prevent the unauthorized disclosure of the confidential information to or use by another person, firm or company.

 

 

  

1

  

 

 

4.           Applicable Law. This Letter of Intent shall be governed and interpreted in accordance with the laws of the State of Florida, United States and the parties consent to the exclusive jurisdiction and venue in the state and federal courts sitting in Groveland, the State of Florida, and United States.  In any action or suit to enforce any right or remedy under this Letter Agreement or to interpret any provision of this Letter Agreement, the prevailing party shall be entitled to recover its costs, including reasonable attorneys' fees.

 

5.           Cost and Expenses

 

Except as otherwise specifically set forth herein, each party will bear its own attorneys, brokers, agents, and finders employed by, such party.  The parties will indemnify each other against any claims, costs, losses, expenses or liabilities arising from any claim for commissions, finder's fees or other compensation in connection with the contemplated transaction which may be asserted by any person based on any agreement or arrangement for payment by the other party.

 

7.           Execution in Counterpart

 

The parties may execute this Letter of Intent in two or more counterparts, each of which is deemed to be an original and all of which will constitute one agreement, effective as of the date given above.

 

If the foregoing accurately sets forth your understanding in this regard, please date, sign and return the enclosed copy of the Letter of Intent to the undersigned.

 

Yours very truly,

 

Eco Ventures Group, Inc.

 

By:  /s/ Jon                                                             

 

Acknowledged and Accepted this

 

   29    day of October, 2010

 

 

RAPTOR EQUIPMENT & FABRICATION

 

	By:  /s/ Tom Gleason                                          	 	 	By:  /s/ Dwayne Dundore                                            	 
	 	 	 	 	 
	 	 	 	 	 
	
Tom Gleason, President 

	 	 	
Dwayne Dundore, Chairman and

	 
	
 

	 	 	
Chief Technology Officer

	 

 

 

 

 

 

 

  

2ex10_1.htm

Exhibit 10.1

 

	

	
STATE BOARD OF ADMINISTRATION

OF FLORIDA

1801 HERMITAGE BOULEVARD

TALLAHASSEE, FLORIDA 32308

(850) 488-4406

POST OFFICE BOX 13300

32317-3300

	
RICK SCOTT

GOVERNOR

AS CHAIRMAN

JEFF ATWATER

CHIEF FINANCIAL OFFICER

AS TREASURER

PAM BONDI

ATTORNEY GENERAL

AS SECRETARY

ASH WILLIAMS

EXECUTIVE DIRECTOR & CIO

 

ADDENDUM NO. 4

to

REIMBURSEMENT CONTRACT

 

Effective: June 1, 2011

(Contract)

 

between

 

FEDERATED NATIONAL INSURANCE COMPANY

(Company)

 

NAIC # 10790

 

and

 

THE STATE BOARD OF ADMINISTRATION OF THE STATE OF FLORIDA (SBA)

 

WHICH ADMINISTERS THE FLORIDA HURRICANE CATASTROPHE FUND (FHCF)

 

PREAMBLE

 

It is Hereby Agreed, effective at 12:00:01 a.m., Eastern Time, June 1, 2011, that this Contract shall be amended as follows:

 

ARTICLE  V - DEFINITIONS

 

(19)         Loss Occurrence

This term means the sum of individual insured Losses incurred under Covered Policies resulting from the same Covered Event. "Losses" means all incurred losses under Covered Policies, including Additional Living Expenses not to exceed 40 percent of the insured value of a Residential Structure or its contents and amounts paid as fees on behalf of or inuring to the benefit of a policyholder, and excludes allocated or unallocated Loss Adjustment Expenses.

 

(30)         Ultimate Net Loss

 

	
  

	
(a)

	
This term means all Losses of the Company under Covered Policies in force at the time of a Covered Event, as defined under (9) above, prior to the application of the Company's FHCF Retention, as defined under (28) above, and reimbursement percentage, and excluding loss adjustment expense and any exclusions under Article VI herein, arising from each Loss Occurrence during the Contract Year, provided, however, that the Company's Ultimate Net Loss shall be determined in accordance with the deductible level written under the policy sustaining the loss.

  

1

  

Article VI(18), (19), (22), (26), and (29) shall be amended as follows: 

 

ARTICLE VI - EXCLUSIONS

 

	
(18)

	
Any liability of the Company for extra contractual obligations or liabilities in excess of original policy limits. This exclusion includes, but is not limited to, amounts paid as bad faith awards, punitive damage awards, or other court-imposed fines, sanctions, or penalties; or other amounts in excess of the coverage limits under the Covered Policy.

	
(19)

	
Any losses paid in excess of a policy's hurricane limit in force at the time of each Covered Event, including individual coverage limits (i.e., building, appurtenant structures, contents, and additional living expense), or other amounts paid as the result of a voluntary expansion of coverage by the insurer, including, but not limited to, a waiver of an applicable deductible. This exclusion includes overpayments of a specific individual coverage limit even if total payments under the policy are within the aggregate policy limit.

	
(22)

	
Amounts paid to reimburse a policyholder for condominium association loss assessments or under similar coverages for contractual liabilities.

	
(26)

	
Property losses that are proximately caused by any peril other than a Covered Event, including, but not limited to, fire, theft, flood or rising water, or windstorm that does not constitute a Covered Event, or any liability of the Company for loss or damage caused by or resulting from nuclear reaction, nuclear radiation, or radioactive contamination from any cause, whether direct or indirect, proximate or remote, and regardless of any other cause or event contributing concurrently or in any other sequence to the loss.

	
(29)

	
Any losses under liability coverages.

 

Approved by:

Florida Hurricane Catastrophe Fund

By: State Board of Administration of the State of Florida

	By:	 	  	  
	 	
Ashbel C. Williams

	  	
Date

	 	
Executive Director & CIO

	  	  

	
Approved as to legality:

	  	  
	  	  	  
	  	  	  
	By:	 	  	  
	 	
Gary A. Moreland

	  	
Date

	 	
Assistant General Counsel

	  	  
	 	
FL Bar ID#0702765

	  	  
	 	
Federated National Insurance Company

	  	  

	
Michael H. Braun, President

	
Typed/Printed Name and Title

	
By:  /s/ Michael H. Braun

	  	
7/5/2011

	
Signature

	  	
Date

 

2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00191-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00191-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00191-of-00352.parquet"}]]