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Now Corporation
09/03/2025 | Press release | Distributed by Public on 09/03/2025 13:20
Material Agreement (Form 8-K)
Item 1.01 Entry into a Material Definitive Agreement.
On September 3, 2025, Green Rain Energy Holdings Inc. (the "Company"), through its wholly owned subsidiary Green Rain Solar Inc., entered into a Memorandum of Understanding (the "MOU") with Allied Energy Corporation, a Nevada corporation, outlining the framework for negotiating and executing a definitive Energy Purchase and Sales Agreement (EPSA).
Under the terms of the MOU:
| - | Allied Energy will deliver energy resources along a route designated by Green Rain to support its EV charging and energy infrastructure projects in Texas, New Mexico, and surrounding regions. | |
| - | Green Rain will be responsible for infrastructure development, energy offtake, and site leasing negotiations. |
While the MOU is non-binding with respect to the execution of the final EPSA, several provisions are binding, including those related to confidentiality, insurance, and indemnification. A detailed Non-Disclosure and Non-Circumvention Agreement was executed as Exhibit C to the MOU and will remain in effect for two years beyond the termination or expiration of the MOU.
The MOU has an initial term of 120 days unless earlier terminated or extended by mutual agreement. If a definitive EPSA is not executed within this timeframe, the MOU will expire except for its binding provisions.
The foregoing description of the MOU does not purport to be complete and is qualified in its entirety by reference to the full text of the MOU, which the Company may file in a subsequent filing.
Now Corporation published this content on September 03, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on September 03, 2025 at 19:21 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]