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 1934
Date of Report (date of earliest event reported): September 28, 2012
CLEAR SYSTEM RECYCLING, INC.
(Exact name of registrant as specified in charter)
Nevada 333-174155 27-4673791
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
73 Raymar Place, Oakville Ontario L6J 6MI
(Address of principal executive offices)
416-800-6679
(Registrant's telephone number, including area code)
___________________________________
(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 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))
ITEM 1.02 TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT
On August 23, 2012, Clear Systems Recycling, Inc. (“CSR”) the Company entered into an Agreement and Plan of Merger and Reorganization (the “Agreement”) with Masterpiece Investment Corp. (“MIC”). See Item 1.01 of Form 8-K “Entry into a Material Definitive Agreement” filed with the Securities and Exchange Commission on August 30, 2012. On September 28, 2012, CSR and MIC agreed to terminate the Agreement with each party bearing their own cost and expenses and without any penalties. There were no material relationships between CSR or its affiliates and MIC other than in respect of the Agreement. The parties mutually agreed that the termination was in each company’s best interest.
Item 7.01 Regulation FD Disclosure
Clear System Recycling and Masterpiece Investments Corp. agree to terminate Merger and Reorganization Agreement. On October 2, 2012, the Registrant released the press release filed herewith as Exhibit 10.1
Item 9.01. Financial Statements and Exhibits
(c) Exhibits.
Exhibit No. Description
10.1 Press Release dated October 2, 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.
CLEAR SYSTEM RECYCLING, INC.
October 3, 2012 By:/s/John Carter
Name: John Carter
Title: President
