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BBLU > SEC Filings for BBLU > Form 8-K on 10-Apr-2014All Recent SEC Filings

Show all filings for BLUE EARTH, INC.

Form 8-K for BLUE EARTH, INC.


Entry into a Material Definitive Agreement

Item 1.01 Entry Into a Material Definitive Agreement

On April 4, 2014, Blue Earth, Inc. (the "Company") entered into an Asset Purchase Agreement through its subsidiary Waianae PV-02, LLC, a Hawaii limited liability company, to sell to Kenyon Energy, through its subsidiary SSA Solar of HI, LLC substantially all of the assets of an approximately 440 kWh ac (approximately 500 kWh dc) solar facility which the Company built on Waianae.
The Company also assigned to the buyer a Schedule FIT Tier 1 and Tier 2 power purchase agreement with Hawaiian Electric Company to purchase the energy output of this facility. The buyer assumed all liabilities arising after the closing date. The purchase price is $2,070,000, subject to adjustment.

The Agreement is subject to termination by the Buyer if not completed by May 31, 2014, although it is scheduled to close in April 2014.

Item 9.01 Exhibits

(d) Exhibits The following exhibits are filed with the current report on Form 8-K.

10.01 Asset Purchase Agreement executed April 4, 2014 by and between SSA Solar of HI, LLC ("Buyer") and Waianae PV-02, LLC ("Seller").

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