Solar Wind Energy Tower Inc. (fka SWET)

[Cycleman]

In December 2010, SWET (then CWET) entered into a three year lease pursuant to which it "secured furnished office space of 8,435 square feet for our research and development team to meet the current needs and continue their work with this technology." https://www.sec.gov/Archives/edgar/data/95572/000101968711001164/cwet_10k-123110.htm

Pursuant to that K, it had 7 full time employees as of March 30, 2011.

Per it's next K, it announced in September that it was ditching its "internally staffed engineering office in Warrenton, Virginia transitioning to a Development Team that will oversee and coordinate the efforts of industry consultants and advisors to develop and construct their first Downdraft Energy Tower." That sacking was followed by a lawsuit which was settled.

Don't think SWET's had more than 3 FT employees since. Don't know what use, if any, SWET made of that space after the sacking. Hope it was subleased b/c the lease called for a total of $314,460 in lease payments over the three year term. That's a lot to pay for something you're not using.

This is just historical since there was a little discussion about SWET's offices.