0001144204-12-057534.txt : 20121024 0001144204-12-057534.hdr.sgml : 20121024 20121024153354 ACCESSION NUMBER: 0001144204-12-057534 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20121022 ITEM INFORMATION: Entry into a Material Definitive Agreement FILED AS OF DATE: 20121024 DATE AS OF CHANGE: 20121024 FILER: COMPANY DATA: COMPANY CONFORMED NAME: China Energy Recovery, Inc. CENTRAL INDEX KEY: 0001208790 STANDARD INDUSTRIAL CLASSIFICATION: GENERAL INDUSTRIAL MACHINERY & EQUIPMENT, NEC [3569] IRS NUMBER: 330843696 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-53283 FILM NUMBER: 121158505 BUSINESS ADDRESS: STREET 1: BUILDING#26, NO. 1388 ZHANGDONG ROAD STREET 2: ZHANGJIANG HI-TECH PARK CITY: SHANGHAI, STATE: F4 ZIP: 201203 BUSINESS PHONE: (310) 402-5901 MAIL ADDRESS: STREET 1: BUILDING#26, NO. 1388 ZHANGDONG ROAD STREET 2: ZHANGJIANG HI-TECH PARK CITY: SHANGHAI, STATE: F4 ZIP: 201203 FORMER COMPANY: FORMER CONFORMED NAME: MMA Media Inc. DATE OF NAME CHANGE: 20070605 FORMER COMPANY: FORMER CONFORMED NAME: COMMERCE DEVELOPMENT CORP LTD DATE OF NAME CHANGE: 20021204 8-K 1 v326605_8k.htm FORM 8-K

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 Report (Date of earliest event reported): October 22, 2012

China Energy Recovery, Inc.

(Exact name of registrant as specified in its charter)


Delaware (State or other jurisdiction of incorporation)		000-53283 (Commission File Number)		33-0843696 (IRS Employer Identification No.)

Building#26, No. 1388 Zhangdong Road

Zhangjiang Hi-tech Park

Shanghai, China
(Address of principal executive offices)

201203
(Zip Code)

Registrant’s telephone number, including area code (86) 021 2028-1866

(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 (see General Instructions A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 1.01 — Entry into a Material Definitive Agreement

On October 22, 2012, China Energy Recovery, Inc., a Delaware corporation (“CER”), entered into an extension to continuation and loan arrangement with Hold And Opt Investments Limited, a Bahamian company (“Lender”), effective as of September 29, 2012 (“Loan Date”).

Pursuant to the terms of the agreement, the Lender has extended the maturity date of CER’s borrowing from the Lender in the aggregate sum of $5,000,000 (“Loan Amount”). The original loan contract was signed on May 21, 2009, and in September, 2011, the aforesaid parties entered into a continuation and loan agreement with a new maturity date of September 29, 2012. As of the Loan Date, both principal and interest due under the loan agreement remained outstanding.

The extended maturity date for the Loan Amount is November 30, 2012, with a grace period not to extend beyond December 15, 2012. CER shall make a mandatory prepayment of $3,000,000 by no later than November 10, 2012. The outstanding principal and interest amount under this extension agreement shall bear interest at a rate of 1.5% per month, commencing on the Loan Date, and continuing until the principal is paid in full.

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.


	China Energy Recovery, Inc.
Date: October 24, 2012	By:	/s/ Qinghuan Wu
		Qinghuan Wu
		Chief Executive Officer