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Re: skyhi post# 3818

Wednesday, 05/11/2011 9:00:13 PM

Wednesday, May 11, 2011 9:00:13 PM

Post# of 6560
skihi all this is in the 8K for the Montana agreement.
It pays to read all of these, but they are boring.
Note: While I was looking for this. I ran across an interesting tidbit in the MOU pertaining to meal and oil. CGG must buy all canola oil and CPOW must buy all meal/offtake.

http://www.sec.gov/Archives/edgar/data/1357594/000115752311001546/a6644319ex10_1.htm

Paragraph:
5.5 At Landlord's option, upon reasonable notice with respect to each batch of seed to be crushed, Tenant will crush up to 3,000 MT of camelina seed per month for Landlord, at a total crush cost of $60/MT, payable within 30 days following the last day of the month in which it is crushed or as otherwise agreed. Should Tenant crush at least 2,000 MT of seed for Landlord in any given month, no override rent will be due to Landlord for that month.

The above pertains to rents and offsets.

CPOW owns or leases all the plants and is seperate from JV. Why else accept the 5%. JV still has to provide processing. Obviously, CGG can't go to an ADM or Cargill, they would laugh at them.
Thus, CGG had to go to a smaller startup with a plan and production capability plus network of contacts and logistics personnel to move product from one country to another.

All SEC FILINGS:
http://www.sec.gov/cgi-bin/browse-edgar?company=Clean+Power+Concepts&match=&CIK=&filenum=&State=&Country=&SIC=&owner=exclude&Find=Find+Companies&action=getcompany
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