On July 25, 2012, EcoloCap Solutions Inc. entered into a supply agreement with GFE Biofuels S. A wherein the company agreed to sell and GFE agreed to purchase not less than the minimum nor more than the maximum quantities of equipment. The exclusive geographical area covered by the agreement is Costa Rica, Nicaragua, and Panama. The non-exclusive area covered by the Agreement is the rest of the world. All purchases are subject successful testing of the products. The first unit of equipment will be delivered by the company no later than November 15, 2012. The first purchase will be secured by an irrevocable letter of credit. On July 27, 2012, the company entered into a sale and purchase agreement with GFE Biofuels S.A. wherein GFE agreed to purchase on NPU-60 unit; 1 container supply additive; and, pay for the delivery of the container. The total contract price is $593,500 and is subject to conditions precedent to be agreed upon in the future. Specifics relating to the time, date, and placement of payment of the contract price and the delivery of the equipment and container is not provided for in the sale and purchase agreement.