RCMW Group Inc (fka RCMW)

[steve5]

CLEAN POWER CONCEPTS INC. Files SEC form 8-K, Entry into a Material Definitive AgreementEDGAR Online(Fri 4:57PM EST)
http://biz.yahoo.com/e/110311/cpow.pk8-k.html


Form 8-K for CLEAN POWER CONCEPTS INC.


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11-Mar-2011

Entry into a Material Definitive Agreement



ITEM 1.01 ENTRY INTO A MATERIAL LEASE FOR OILSEED PROCESSING PLANT
On March 11, 2011, Clean Power Concepts Inc. signed a lease agreement for the property and equipment of a Canola Crush plant with Great Plains Oil Exploration ("Great Plains"). The oilseed processing plant is located in Section 28, Township 28 North, Range 56 East, P.M.M., Roosevelt County, (near Culbertson), Montana.



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SECTION 2 - TERMS OF THE MEMORANDUM OF UNDERSTANDING

ITEM 2.01 - TERMS OF LEASE AGREEMENT
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? The initial lease term runs from April 1, 2011 to July 31, 2012.

? The lease shall be a net lease with all expenses born by the tenant. The annual rent is USD$120,000.

? The tenant may make use of the industrial complex to crush canola and other oilseeds (other than camelina seed, which may be processed with consent of the landlord).

? The tenant shall crush a minimum of 2,000 metric tonnes (M.T.) of seed per month.

? The tenant will hire and manage all staff required for crush operations and management for the term of the agreement.