Item 8.01 Other Events.
On
CarbonMeta Research India will be a
? 80% of the equity will be owned byCarbonMeta Technologies, Inc. ? 20% of the equity will be owned byFermion Electric Private Limited .
CarbonMeta Research India will be a research and development center whose focus will be on:
? Microwave catalysis of waste plastics, natural gas, and other organic waste materials; ? Carbon dioxide (CO2) capture technologies using novel technologies and adsorbents; ? Development of new catalysts for catalysis, pyrolysis, and electrolysis; and ? Commercialize and patent technologies that were developed and licensed byCarbonMeta Technologies, Inc. or its subsidiaries.
The foregoing provides only a brief description of the material terms of the MOU and does not purport to be a complete description of the rights and obligations of the parties thereunder, and such descriptions are qualified in their entirety by reference to the full text of the document filed as an exhibit to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. Exhibit No. Description 10.1 Binding Memorandum of Understanding 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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