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) June 19, 2012
 
MANTRA VENTURE GROUP LTD.
(Exact name of registrant as specified in its charter)

British Columbia 000-53461 26-0592672
(State or other jurisdiction of (Commission File Number) (IRS Employer
incorporation)   Identification No.)

#562 – 800 15355 24 th Avenue, Surrey, British Columbia, Canada
V4A 2H9
(Address of principal executive offices)
(Zip Code)

Registrant’s telephone number, including area code (604) 560-1503
 
N/A
(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:

[ ]     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ]     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ]     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ]     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

2

Item 1.01 Entry into Material Definitive Agreement

Effective June 19, 2012, our company’s subsidiary, Mantra Energy Alternatives Ltd. (“Mantra Energy”), entered into a service contract with PowerTech Labs Inc. (“PowerTech”), whereby PowerTech will assist Manta Energy in the evaluation and the development of our ERC System under specific terms and conditions for a period ending February 19, 2013. As compensation, PowerTech will be paid $171,000 plus the cost of materials as further described in the service contract.

The description of the service contract contained in this Item 1.01 is a summary and is qualified in its entirety by reference to the copy of the service contract that are attached hereto as an exhibit, and which are incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits
   
10.1 Service Contract with PowerTech Labs Inc. dated June 19, 2012.

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.

MANTRA VENTURE GROUP LTD.  
   
   
   
/s/ Larry Kristof  
Larry Kristof  
President and Director  
   
Date:      June 25, 2012  

 
Powertech Labs Inc. 12388 – 88 th Avenue Tel: (604) 590-7500
  Surrey, British Columbia  Fax: (604) 590-5347
  Canada V3W 7R7 www.powertechlabs.com

Service Contract
Project Name: ERC Stage 1
Project Number: 80021642

POWERTECH LABS INC. Mantra Energy Alternatives Ltd.
(“Powertech”) (“Client”)
Address: 12388 – 88 th Avenue Address: Suite #562, 800 15355 24 th Avenue
                       Surrey, B.C., Canada, V3W 7R7                    Surrey BC, V4A 2H9
Attention: Keith Lee Attention: Neil Huff
Phone: (604) 590-7438 Fax: (604) 590-6656 Phone/Fax: (604) 306-0487
Email: keith.lee@powertechlabs.com Email: nhuff@tekion.com

TECHNICAL CONTACTS:
                                                           For Powertech Keith Lee Phone (604) 590-7438
                                                           For Client Neil Huff Phone              (604) 306-0487

AGREEMENT : The attached Attachment ERC Stage 1 Proposal Final 20120524 – Terms and Conditions, and Attachment ERC Stage 1 Proposal Final 20120524 – (entire document), are incorporated in and form a part of this Service Contract and, together with this Service Contract, constitute, and shall be read and interpreted as, one agreement between Powertech and the Client (the “Agreement”).

SCOPE OF WORK : Powertech shall perform the services described in the attached Attachment ERC Stage 1 Proposal Final 20120524 – (entire document) and Project Change Form for Project No. 80021642 Change No. 01 (the “Services”) on the terms and conditions set out in Attachment ERC Stage 1 Proposal Final 20120524 – Terms and Conditions, except as the same are modified or supplemented below in this Service Contract.

PRICE :                     $171,000 plus materials as described in ERC Stage 1 Proposal Final 20120524

THE FOLLOWING PAYMENT PROVISIONS ARE SPECIFIC TO THE AGREEMENT AND MODIFY OR SUPPLEMENT, AND IN THE CASE OF CONFLICT OR INCONSISTENCY SHALL PREVAIL OVER, ATTACHMENT ERC Stage 1 Proposal Final 20120524 – TERMS AND CONDITIONS (if no changes, enter “None”): None

PERIOD OF PERFORMANCE :                    2012-05-29 to 2012-02-19 as described in ERC Stage 1 Proposal Final 20120524

THE FOLLOWING PROVISIONS ARE SPECIFIC TO THE AGREEMENT AND MODIFY OR SUPPLEMENT, AND IN THE CASE OF CONFLICT OR INCONSISTENCY SHALL PREVAIL OVER, ATTACHMENT ERC Stage 1 Proposal Final 20120524 – TERMS AND CONDITIONS (if no changes, enter “None”): None

EXECUTION OF CONTRACT : The undersigned acknowledges (i) having read the terms and conditions of this Agreement, including all attachments, and (ii) that all such terms and conditions collectively constitute a binding agreement of the parties named herein. No other agreement, whether express or implied, exists between such parties. The undersigned further acknowledges receiving a copy of this Agreement and covenants to have legal authority to execute this Agreement on behalf of Powertech or the Client, as applicable.

The parties acknowledge and agree that facsimile signatures shall be as valid to bind the parties as are original signatures.

For (“Powertech”) POWERTECH LABS INC. For (“Client”) Mantra Energy Alternatives Ltd.
Printed Name: Keith Lee Printed Name: Larry Kristof
Signature: /s/ Keith Lee Signature: /s/ Larry Kristof
Title: Authorized Signatory Title: President

 


This document contains proprietary information and shall not be disclosed to any third party without the prior written permission of Powertech.
Service Contract Page 1 of 2  


Powertech Labs Inc. 12388 – 88 th Avenue Tel: (604) 590-7500
  Surrey, British Columbia  Fax: (604) 590-5347
  Canada V3W 7R7 www.powertechlabs.com

Date: June 19, 2012 Date: June 19, 2012

 


This document contains proprietary information and shall not be disclosed to any third party without the prior written permission of Powertech.
Service Contract Page 2 of 2