International Land Alliance binding Memorandum of Understanding for energy solutions deployment
Company: CleanSpark
The claim, verbatim
On November 5, 2019, CleanSpark entered into a binding MOU with International Land Alliance, Inc. to deploy energy solutions over the next 12 months. Under the MOU, CleanSpark will perform feasibility studies for microgrid energy solutions, ILAL will exclusively sell CleanSpark's products and services, and CleanSpark will provide on-site testing, training, and support services.
Source (primary)
CleanSpark 10-K filed 2019-12-16 (SEC EDGAR, sec_filing)
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Quote: “On November 5, 2019, CleanSpark entered into a binding Memorandum of Understanding (the "MOU") with International Land Alliance, Inc., a Wyoming corporation ("ILAL"), in order to lay a foundational framework where the Company will deploy its energy solutions products and services to ILAL, its energy projects, and its customers. Pursuant to the terms of the MOU, the parties will work in good faith and pursue the following priorities over the next twelve (12) months: 1) The Company will perform feasibility studies to outline the details and scope of developing microgrid energy solutions to support ILAL projects. 2) ILAL will (a) exclusively sell the Company's products and services as part of ILAL's power solution for its offering of off-grid properties, and (b) include the Company's mPulse DER Energy Manager within the off-grid energy project bids; 3) The Company will provide on-site testing, training, and support services to ILAL's projects and operations”
How we checked this
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Additional evidence
confirms CleanSpark 10-K filed 2019-12-16
Quote: “On November 5, 2019, CleanSpark entered into a binding Memorandum of Understanding (the "MOU") with International Land Alliance, Inc., a Wyoming corporation ("ILAL"), in order to lay a foundational framework where the Company will deploy its energy solutions products and services to ILAL, its energy projects, and its customers. Pursuant to the terms of the MOU, the parties will work in good faith and pursue the following priorities over the next twelve (12) months: 1) The Company will perform feasibility studies to outline the details and scope of developing microgrid energy solutions to support ILAL projects. 2) ILAL will (a) exclusively sell the Company's products and services as part of ILAL's power solution for its offering of off-grid properties, and (b) include the Company's mPulse DER Energy Manager within the off-grid energy project bids; 3) The Company will provide on-site testing, training, and support services to ILAL's projects and operations”