Biomass Secure Power Inc. (BMSPF)

[OCR8now]

Also from filing on 11-08-16

The Company intends to increase the production capacity at Natchitoches to one million tonnes of bio-coal in three phases. Phase one will be for 200,000 tonne/yr, phase two will be for 300,000 tonne/yr and phase three will be for 500,000 tonne/yr. RBE has a MOU in place that calls for the supply of a minimum of 500,000 tonnes/yr to a maximum of 2,000,000 tonnes/yr of bio-coal contingent on the product being of at least equal quality to product produced at the Wyoming test facility. The Company anticipates that once phase one is completed this MOU will be converted to an 8 year renewable off take agreement and this will enable the Company to commence construction of a second plant at another location.