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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 wi


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