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   <TITLE>Current Report for Ecolocap Solutions Inc.</TITLE>
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<P align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>UNITED</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2> </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New &#13;&#10;Roman,Times,serif" size=2>STATES</FONT></B><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> <BR>
</FONT><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>SECURITIES</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2> AND </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New &#13;&#10;Roman,Times,serif" size=2>EXCHANGE</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2> </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>COMMISSION</FONT></B><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> <BR>
</FONT><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>WASHINGTON,</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2> D.C. 20549</FONT></B><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT></P>
<P align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>FORM</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2> 8-K</FONT></B><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT></P>
<P align=center>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>CURRENT</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2> </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>REPORT</FONT></B><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><B><FONT face="TimesNewRomanPS-BoldMT,Times New &#13;&#10;Roman,Times,serif" size=2>PURSUANT</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2> TO </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>SECTION</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2> 13 OR 15(d)</FONT></B><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>OF THE </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>SECURITIES</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2> </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New &#13;&#10;Roman,Times,serif" size=2>EXCHANGE</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2> ACT OF 1934</FONT></B><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT></P>
<P align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>DATE OF </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>EARLIEST</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New &#13;&#10;Roman,Times,serif" size=2> </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>REPORTED</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2> </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>EVENT</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2> &#150; </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New &#13;&#10;Roman,Times,serif" size=2>FEBRUARY</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2> 14, 2008</FONT></B><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT></P>
<P align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>ECOLOCAP</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2> </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>SOLUTIONS</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2> INC.</FONT></B><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> <BR>
(Exact name of </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Registrant</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> as </FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2>specified</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> in its </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>charter)</FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2> </FONT></P>
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     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="39%"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>NEVADA</FONT></B>&nbsp; </TD>
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     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="30%"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>000-31165</FONT></B>&nbsp; </TD>
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     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="26%"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>20-0909393</FONT></B>&nbsp; </TD></TR>
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     <TD noWrap align=center width="39%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(State or other jurisdiction of</FONT>&nbsp; </TD>
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     <TD noWrap align=center width="30%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(Commission</FONT>&nbsp; </TD>
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     <TD noWrap align=center width="26%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(IRS Employer</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=center width="39%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>incorporation)</FONT>&nbsp; </TD>
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     <TD noWrap align=center width="30%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>File Number)</FONT>&nbsp; </TD>
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     <TD noWrap align=center width="26%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Identification Number)</FONT>&nbsp; </TD></TR></TABLE></DIV>
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<DIV align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>353, St-</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>Nicolas</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2> Street <BR>
Suite 205, </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>Montreal,</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New &#13;&#10;Roman,Times,serif" size=2> </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>Quebec,</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2> </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>Canada <BR>
</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>H2Y 2P1<BR>
</FONT></B><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(Address</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> of </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>principal</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>executive</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>offices)</FONT></DIV>
<P align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>(514) 397-0575 (228)<BR>
</FONT></B><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(Registrant&#146;s</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2>telephone</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>number,</FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>including</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> area code)</FONT></P>
<P align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(Former</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> name or former </FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2>address,</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> if </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>changed</FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2> since last report)</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Check the </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>appropriate</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> box below if the Form 8-K filing is </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>intended</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> to </FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2>simultaneously</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> satisfy the filing </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>obligation</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> of the </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>registrant</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> under any of the </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>following</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>provisions:</FONT></P>
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<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Written communications pursuant to Rule 425 under the Securities Act</FONT></P>
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     <TD vAlign=top noWrap><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>o</FONT>&nbsp; &nbsp; &nbsp; </TD>
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<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Soliciting material pursuant to Rule 14a-12 under the Exchange Act</FONT></P>
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     <TD vAlign=top noWrap><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>o</FONT>&nbsp; &nbsp; &nbsp; </TD>
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<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act</FONT></P>
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<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act</FONT></P>
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<P align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>Item 1.01:&nbsp; </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>Entry into a </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>Material</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2> </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times &#13;&#10;New Roman,Times,serif" size=2>Definitive</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2> </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>Agreement.</FONT></B></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>As of </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>February</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> 12, 2008, </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Ecolocap</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Solutions</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> Inc. </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(&#147;EcoloCap&#148;)</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> and United Best </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Technology</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Limited</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(&#147;United&#148;)</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> entered into a Five (5) years </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>renewable</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> Service </FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2>Agreement</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> (the </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>&#147;Agreement&#148;)</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>pursuant</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> to which United shall </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>provide</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> advice to </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>undertake</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> for and consult with </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>EcoloCap</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>concerning</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> certain </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>operational</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> areas and shall review and advise </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>EcoloCap regarding </FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2>Carbon Credits </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(&#147;CER&#148;)</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> and Clean </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Development</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Mechanism</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>projects</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> as well as </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>EcoloCap&#146;s </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>overall </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>progress,</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> needs and </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>condition</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> in those areas, find, </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>negotiate</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> and close </FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2>contracts</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> and </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>projects</FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2> for a </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>minimum</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> of Three Million Six </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Hundred</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times&#13;&#10;,serif" size=2>Thousand</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(3,600,000)</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> CERs that could be </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>certified, </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>traded and </FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2>delivered</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> and to assist the </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>execution</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> of said </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>contracts</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> or </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>projects</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> by </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>EcoloCap</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> or one of its </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>affiliates.</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> To devote all its </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>intellectual</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2>property,</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>knowledge,</FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>technology</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> and its </FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2>contacts</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> related to the CER and Clean </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Development</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Mechanism</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>projects</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>exclusively</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> for the </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>development</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> of </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>EcoloCap&#146;s</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>business</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> in an </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>exclusive</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> and define </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>territory.</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> United for the </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>exclusivity</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> of its </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>services</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> was granted Three Million Five </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Hundred</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2>Thousand</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(3,500,000)</FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>restricted</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> shares of </FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2>EcoloCap&#146;s</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Common</FONT><FONT face="TimesNewRomanPSMT,Times New Roman&#13;&#10;,Times,serif" size=2> Stock, out of said Three Million Five </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Hundred</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Thousand</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(3,500,000)</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>restricted</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> shares, One Million </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(1,000,000)</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>restricted</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> shares will be put in escrow as </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>provided</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> in the </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>executed</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> Escrow </FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2>Agreement;</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>As of </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>February</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> 12, 2008, the </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>December</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> 7, 2007 </FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2>Consulting</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Agreement</FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2> (the </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>&#147;Agreement&#148;)</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> entered by and </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>between</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Ecoloap</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Solutions</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> Inc. </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(&#147;EcoloCap&#148;)</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> and </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Sodexen</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> Inc. </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(&#147;Sodexen&#148;)</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>pursuant</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> to which, </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Sodexen</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> is </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>providing</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> the </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>services</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> of its </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>representative,</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> Dr. Tri Vu Truong (the </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>&#147;Representative&#148;),</FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2> who will serve </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>EcoloCap</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> for the </FONT><FONT face="TimesNewRomanPSMT,Times &#13;&#10;New Roman,Times,serif" size=2>&#147;Engagement</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Period&#148;</FONT><FONT face="TimesNewRomanPSMT,Times &#13;&#10;New Roman,Times,serif" size=2> in its </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>capacity</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> of </FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2>President</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> and Chief </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Executive</FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2> officer </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(&#147;CEO&#148;),</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> have been revised (the </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>&#147;Revised</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Consulting</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Agreement&#148;)</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> to reduce the </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>&#147;Engagement</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Period&#148;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> to one year, and </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>became</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>effective</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> as of </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>February</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> 1, 2008. </FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>As of </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>February</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> 12, 2008, </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Ecolocap</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Solutions</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> Inc. </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(&#147;EcoloCap&#148;),</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> United Best </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Technology</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Limited</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(&#147;United&#148;)</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> and </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Pellerin</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Attorneys</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> (the </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>&#147;Escrow</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Agent&#148;)</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> entered into an Escrow </FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2>Agreement</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> (the </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>&#147;Escrow&#148;)</FONT><FONT face="TimesNewRomanPSMT,Times &#13;&#10;New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>pursuant</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> to which out of the Three </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Millions</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> Five </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Hundred</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Thousand</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> shares of </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Common</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> Stock of </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>EcoloCap</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> issued to United granted under the Service </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>agreement,</FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2> One Million Shares will be </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>deposited</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> in escrow ( the </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>&#147;Escrow</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Securities&#148;)</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> and </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>delivered</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> within the </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Delivery</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> Period as follow: Five </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Hundred Thousand</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> when the first </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>contracts</FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2> or </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>projects</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2>permitting</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> the </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>issuance</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" siz e="2"> of a total of Six </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Hundred</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Thousand</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> CERs are </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>delivered;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> One </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Hundred</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Thousand</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> for the </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>following contract</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> or project </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>permitting</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> the </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>issuance</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> for each of an </FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2>additional</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> Six </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Hundred</FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Thousand</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> CERs. At the end of the </FONT><FONT face="TimesNewRomanPSMT,Times &#13;&#10;New Roman,Times,serif" size=2>prescribe</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> period for the CER&#146;s </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>deliverance,</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> all shares </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>remaining</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> in </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>escrow,</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> shall be </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>cancelled.</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>The Board of </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Directors</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> of </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>EcoloCap</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> have </FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2>approved</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> the </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>execution</FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2> of the Service </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Agreement</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> and the Escrow </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Agreement</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> as of </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>February</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> 14, 2008; </FONT></P>
<P align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>Item 5.02:&nbsp;&nbsp; </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>Departure</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New &#13;&#10;Roman,Times,serif" size=2> of </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>Directors</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2> or </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>Certain</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2> </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New &#13;&#10;Roman,Times,serif" size=2>Officers;</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2> </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>Election</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2> of </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>Directors;</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2> </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>Appointment</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2> of </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times &#13;&#10;New Roman,Times,serif" size=2>Certain</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2> </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>officers;</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2> </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>Compensatory</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2> </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>Arrangement</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2> of </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times &#13;&#10;New Roman,Times,serif" size=2>Certain</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2> </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>Officers.</FONT></B></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>As of </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>February</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> 14, 2008 the Board of </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Directors</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> of </FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2>Ecolocap</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Solutions</FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2> Inc. have </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>appointed</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> Dr. Tri Vu </FONT><FONT face="TimesNewRomanPSMT,Times &#13;&#10;New Roman,Times,serif" size=2>Truong,</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> as </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>member</FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2> of the Board.</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Dr. Tri Vu Truong has been </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>working</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> in the </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>environmental</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> sector since 1970, upon </FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2>completion</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> of his B. </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Engineering</FONT><FONT face="TimesNewRomanPSMT,Times &#13;&#10;New Roman,Times,serif" size=2> degree, </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>complemented</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> by a </FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2>Master's</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> degree in </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Chemical</FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Engineering</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> in 1971 and a Ph.D. degree in Civil </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Engineering</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> with </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Environmental</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> Option in 1975. Dr. Truong was </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>employed</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> by the </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Montreal</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> Urban </FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2>Community</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>between</FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2> 1974-1980, and as Chief </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Engineer,</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> he was </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>instrumental</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> in the </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>creation</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> and </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>operation</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> of the </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Permits</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> &amp; </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Inspections</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Division</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> of the </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Montreal</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> Urban </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Community </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>&#150;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Environment</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Department.</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> In 1980 Dr. Truong has joined </FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2>Environmental</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Engineering</FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2> firm </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Sodexen</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> Group, and acted as </FONT><FONT face="TimesNewRomanPSMT,Times &#13;&#10;New Roman,Times,serif" size=2>President</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> &amp; CEO from 1994. In 2005 Dr. </FONT><FONT face="TimesNewRomanPSMT,Times New&#13;&#10; Roman,Times,serif" size=2>Truong,</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> as </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>consultant,</FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2> has joined and acted as Vice </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>President </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>-</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Business</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Development,</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> LBCD-Trow, a major </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Engineering</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> group. Since 2007, Dr. Truong has joined as </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>President</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> &amp; CEO, the Hong Kong based </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>environmental</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>consulting</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> firm</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>United</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> Best </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Technology</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Limited </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>.</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT></P>
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<P align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>Item 7.01:&nbsp;&nbsp; </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>Regulation</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2> FD </FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New &#13;&#10;Roman,Times,serif" size=2>Disclosure</FONT></B></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>On </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>February</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> 21, 2008, </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Ecolocap</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Solutions</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> Inc. (the </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>&#147;Company&#148;)</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> intend to file a press release to </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>announce</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> it has entered into an </FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2>exclusive</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> Service </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Agreement</FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2> with United Best </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Technology Limited</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> of Hong Kong and that it </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>executed</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> a </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Consulting</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Agreement</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> with </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Sodexen</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> Inc. </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(&#147;Sodexen&#148;)</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>pursuant</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> to which, </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Sodexen</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> is </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>providing</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> the </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>services</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> of its </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>representative,</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> Dr. Tri Vu </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Truong</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>to serve in the </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>capacity</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> of </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>President</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> and Chief </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Executive</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> Officer of the </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Company.</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> Under the terms of the above </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>agreements</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> Dr. Truong and United Best have </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>committed</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> to deliver to the </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Company</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> a yearly </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>minimum</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>production</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> of </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>3,600,000</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> (T hree Million Six </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Hundred</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2>Thousand)</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> fully </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>tradable</FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2> CERs. The </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>geographically</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2>exclusivity</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> of the Service </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Agreement provides</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> the </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Company</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> with United Best&#146;s </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>services</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> within the regions of the world with the </FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2>greatest</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>potential</FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2> for </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>economically</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2>feasible</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Renewable</FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2> Energy and Carbon </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Reduction</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2>initiatives. </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>These </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>include,</FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2> but are not limited to, China, Brazil, India and </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Vietnam. Further,</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> beyond the period of </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>exclusivity</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> the </FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2>agreement</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>provides</FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2> a trailing non-</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>compete</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2>provision</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> that will permit the </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>company</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> to bring its own </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>development</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>resources</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> to bear </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>without</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>competition</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2> from United Best.</FONT></P>
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<P align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>SIGNATURES</FONT></B><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2></FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Pursuant</FONT> <FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>to the</FONT> <FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2>requirements</FONT> <FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>of the</FONT> <FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Securities</FONT><FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2></FONT> <FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Exchange</FONT> <FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Act of 1934, the</FONT> <FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2>registrant</FONT> <FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>has duly caused this report to be signed on its behalf by the</FONT> <FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2>undersigned</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2></FONT> <FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>hereunto</FONT> <FONT face="TimesNewRomanPSMT,Times New &#13;&#10;Roman,Times,serif" size=2>duly</FONT> <FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>authorized.</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2></FONT></P>
<P style="MARGIN-LEFT: 50%" align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>ECOLOCAP</FONT></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2></FONT></B> <B><FONT face="TimesNewRomanPS-BoldMT,Times New &#13;&#10;Roman,Times,serif" size=2>SOLUTIONS</FONT></B> <B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>INC.</FONT></B></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Date:</FONT> <FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>February</FONT> <FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>20, 2008</FONT></P>
<P style="MARGIN-LEFT: 50%" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>By:&nbsp;</FONT> <FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2><U>CLAUDE<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2></FONT> PELLERIN</U></FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2></FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2></FONT></P>
<P style="MARGIN-LEFT: 50%" align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Name: Claude</FONT> <FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Pellerin</FONT> <FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Title:</FONT> <FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Secretary</FONT></P>
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Current Report for Ecolocap Solutions Inc.
UNITED
STATES
SECURITIES
AND
EXCHANGE
COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO
SECTION
13 OR 15(d)
OF THE
SECURITIES
EXCHANGE
ACT OF 1934
DATE OF
EARLIEST
REPORTED
EVENT
–
FEBRUARY
14, 2008
ECOLOCAP
SOLUTIONS
INC.
(Exact name of
Registrant
as
specified
in its
charter)
NEVADA
000-31165
20-0909393
(State or other jurisdiction of
(Commission
(IRS Employer
incorporation)
File Number)
Identification Number)
353, St-
Nicolas
Street
Suite 205,
Montreal,
Quebec,
Canada
H2Y 2P1
(Address
of
principal
executive
offices)
(514) 397-0575 (228)
(Registrant's
telephone
number,
including
area code)
(Former
name or former
address,
if
changed
since last report)
Check the
appropriate
box below if the Form 8-K filing is
intended
to
simultaneously
satisfy the filing
obligation
of the
registrant
under any of the
following
provisions:
o
Written communications pursuant to Rule 425 under the Securities Act
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
Item 1.01:
Entry into a
Material
Definitive
Agreement.
As of
February
12, 2008,
Ecolocap
Solutions
Inc.
("EcoloCap")
and United Best
Technology
Limited
("United")
entered into a Five (5) years
renewable
Service
Agreement
(the
"Agreement")
pursuant
to which United shall
provide
advice to
undertake
for and consult with
EcoloCap
concerning
certain
operational
areas and shall review and advise
EcoloCap regarding
Carbon Credits
("CER")
and Clean
Development
Mechanism
projects
as well as
EcoloCap's
overall
progress,
needs and
condition
in those areas, find,
negotiate
and close
contracts
and
projects
for a
minimum
of Three Million Six
Hundred
Thousand
(3,600,000)
CERs that could be
certified,
traded and
delivered
and to assist the
execution
of said
contracts
or
projects
by
EcoloCap
or one of its
affiliates.
To devote all its
intellectual
property,
knowledge,
technology
and its
contacts
related to the CER and Clean
Development
Mechanism
projects
exclusively
for the
development
of
EcoloCap's
business
in an
exclusive
and define
territory.
United for the
exclusivity
of its
services
was granted Three Million Five
Hundred
Thousand
(3,500,000)
restricted
shares of
EcoloCap's
Common
Stock, out of said Three Million Five
Hundred
Thousand
(3,500,000)
restricted
shares, One Million
(1,000,000)
restricted
shares will be put in escrow as
provided
in the
executed
Escrow
Agreement;
As of
February
12, 2008, the
December
7, 2007
Consulting
Agreement
(the
"Agreement")
entered by and
between
Ecoloap
Solutions
Inc.
("EcoloCap")
and
Sodexen
Inc.
("Sodexen")
pursuant
to which,
Sodexen
is
providing
the
services
of its
representative,
Dr. Tri Vu Truong (the
"Representative"),
who will serve
EcoloCap
for the
"Engagement
Period"
in its
capacity
of
President
and Chief
Executive
officer
("CEO"),
have been revised (the
"Revised
Consulting
Agreement")
to reduce the
"Engagement
Period"
to one year, and
became
effective
as of
February
1, 2008.
As of
February
12, 2008,
Ecolocap
Solutions
Inc.
("EcoloCap"),
United Best
Technology
Limited
("United")
and
Pellerin
Attorneys
(the
"Escrow
Agent")
entered into an Escrow
Agreement
(the
"Escrow")
pursuant
to which out of the Three
Millions
Five
Hundred
Thousand
shares of
Common
Stock of
EcoloCap
issued to United granted under the Service
agreement,
One Million Shares will be
deposited
in escrow ( the
"Escrow
Securities")
and
delivered
within the
Delivery
Period as follow: Five
Hundred Thousand
when the first
contracts
or
projects
permitting
the
issuance
of a total of Six
Hundred
Thousand
CERs are
delivered;
One
Hundred
Thousand
for the
following contract
or project
permitting
the
issuance
for each of an
additional
Six
Hundred
Thousand
CERs. At the end of the
prescribe
period for the CER's
deliverance,
all shares
remaining
in
escrow,
shall be
cancelled.
The Board of
Directors
of
EcoloCap
have
approved
the
execution
of the Service
Agreement
and the Escrow
Agreement
as of
February
14, 2008;
Item 5.02:
Departure
of
Directors
or
Certain
Officers;
Election
of
Directors;
Appointment
of
Certain
officers;
Compensatory
Arrangement
of
Certain
Officers.
As of
February
14, 2008 the Board of
Directors
of
Ecolocap
Solutions
Inc. have
appointed
Dr. Tri Vu
Truong,
as
member
of the Board.
Dr. Tri Vu Truong has been
working
in the
environmental
sector since 1970, upon
completion
of his B.
Engineering
degree,
complemented
by a
Master's
degree in
Chemical
Engineering
in 1971 and a Ph.D. degree in Civil
Engineering
with
Environmental
Option in 1975. Dr. Truong was
employed
by the
Montreal
Urban
Community
between
1974-1980, and as Chief
Engineer,
he was
instrumental
in the
creation
and
operation
of the
Permits
&
Inspections
Division
of the
Montreal
Urban
Community
–
Environment
Department.
In 1980 Dr. Truong has joined
Environmental
Engineering
firm
Sodexen
Group, and acted as
President
& CEO from 1994. In 2005 Dr.
Truong,
as
consultant,
has joined and acted as Vice
President
-
Business
Development,
LBCD-Trow, a major
Engineering
group. Since 2007, Dr. Truong has joined as
President
& CEO, the Hong Kong based
environmental
consulting
firm
United
Best
Technology
Limited
.
-2-
Item 7.01:
Regulation
FD
Disclosure
On
February
21, 2008,
Ecolocap
Solutions
Inc. (the
"Company")
intend to file a press release to
announce
it has entered into an
exclusive
Service
Agreement
with United Best
Technology Limited
of Hong Kong and that it
executed
a
Consulting
Agreement
with
Sodexen
Inc.
("Sodexen")
pursuant
to which,
Sodexen
is
providing
the
services
of its
representative,
Dr. Tri Vu
Truong
to serve in the
capacity
of
President
and Chief
Executive
Officer of the
Company.
Under the terms of the above
agreements
Dr. Truong and United Best have
committed
to deliver to the
Company
a yearly
minimum
production
of
3,600,000
(T hree Million Six
Hundred
Thousand)
fully
tradable
CERs. The
geographically
exclusivity
of the Service
Agreement provides
the
Company
with United Best's
services
within the regions of the world with the
greatest
potential
for
economically
feasible
Renewable
Energy and Carbon
Reduction
initiatives.
These
include,
but are not limited to, China, Brazil, India and
Vietnam. Further,
beyond the period of
exclusivity
the
agreement
provides
a trailing non-
compete
provision
that will permit the
company
to bring its own
development
resources
to bear
without
competition
from United Best.
-3-
SIGNATURES
Pursuant
to the
requirements
of the
Securities
Exchange
Act of 1934, the
registrant
has duly caused this report to be signed on its behalf by the
undersigned
hereunto
duly
authorized.
ECOLOCAP
SOLUTIONS
INC.
Date:
February
20, 2008
By:
CLAUDE
PELLERIN
Name: Claude
Pellerin
Title:
Secretary
-4-