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EWRL > SEC Filings for EWRL > Form 8-K on 18-Jun-2013All Recent SEC Filings




Entry into a Material Definitive Agreement, Financial Stat

Item 1.01 Entry Into A Material Definitive Agreement

(1) On May 16, 2013, the Issuer entered into a Contribution Agreement with Cirque Energy II, LLC in which the Issuer acquired 100% of the issued and outstanding member interests of Cirque Energy II, LLC in exchange for issuance of a total of a total of 43,359,487 common shares to the members of Cirque Energy II, LLC.

The Contribution Agreement with Green Energy Renewable Solutions, Inc. will allow the combined entities to better serve utilities, manufacturing and institutional clients. The Company currently operates with long-term supply agreements to process waste materials into valuable recyclables and reduce waste volume going into landfills by up to 85%.

(2) On June 11, 2013 the United States Bankruptcy Court for the Eastern District of Michigan - Flint, approved an Order Authorizing and Approving Sale of Assets Free and Clear of all Liens, Liabilities, Rights, Interests, and Encumbrances in the In re Richfield Equities, LLC, et al., bankruptcy case to Green Harvest Landfill, LLC, a subsidiary of Green Energy Renewable Solutions, Inc. As part of this purchase Green Energy Renewable Solutions, through its subsidiary, acquired a landfill and all the associated equipment necessary to run landfill operations. The purchase of the assets from Richfield Equities, LLC, et al. continues to expand the Company's asset base and ability to leverage its business model in the recycling field.

Item 9.01 Financial Statements and Exhibits

(c) Exhibits

Exhibit No.   Description

99.1          Contribution Agreement entered into on May 16, 2013 by and between
              Green Energy Renewable Solutions, Inc. and Cirque Energy II, LLC.

99.2          Order Authorizing and Approving (A) the Sale of the Sale Assets Free
              and  Clear of all Claims, Liens, Liabilities, Rights, Interests, and
              Encumbrances; (B) the Trustee to Enter into and Perform his
              Obligations Under the Asset Purchase Agreement; and (C) Related

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