11. CONTRIBUTION AGREEMENTS WITH MINISTER OF NATURAL RESOURCES OF CANADA	6 Months Ended
May 31, 2013
Notes to Financial Statements
11. CONTRIBUTION AGREEMENTS WITH MINISTER OF NATURAL RESOURCES OF CANADA	NOTE 11 - CONTRIBUTION AGREEMENTS WITH MINISTER OF NATURAL RESOURCES OF CANADA Mississauga Facility: In 2009, the Company entered into a Non-Refundable Contribution Agreement with the Minister of Natural Resources of Canada for the Mississauga facility under the ecoENERGY for Biofuels program. Under the agreement, as amended as at May 13, 2013, the Company may receive up to $5,217,945 (CDN$5,410,000) in the years from 2009 to 2016 from the Canadian government in biodiesel production incentives when biodiesel is produced and sold. The contribution from the Canadian Government is non-refundable by the Company. For the three and six months ended May 31, 2013, the Company claimed incentives of $8,559 and $10,170, respectively (three and six months ended May 31, 2012 - $150,440 and $244,456, respectively) for the biodiesel produced from its Mississauga facility. Since entering into the program to May 31, 2013, the Company has claimed total incentives of $1,458,285 of which it has received a total of $1,449,265. Included in accounts receivable as at November 30, 2012 and May 31, 2013, is an amount receivable of $46,816 and $9,020, respectively, due from the Minister of Natural Resources of Canada. Sombra Facility: In 2010, the Company applied for an incentive under the ecoENERGY for Biofuels program for its Sombra facility and was approved by the Canadian government. The final Contribution Agreement with the Minister of Natural Resources of Canada for the Sombra facility under the ecoENERGY for Biofuels program was signed by the Company and the Canadian Government on December 6, 2011. Under the agreement, as amended as at April 16, 2013, the Company may receive up to $14,260,325 (CDN$14,785,200) from the years 2012 to 2017 from the Canadian government in biodiesel production incentives when biodiesel is produced and sold. The contribution from the Canadian Government is non-refundable by the Company. For the three and six months ended May 31, 2013, the Company claimed incentives of $161,565 and $168,833 (three and six months ended May 31, 2012 - $nil in each period) for the biodiesel produced from its Sombra facility. Since entering into the program in 2010 to May 31, 2013, the Company has claimed total incentives of $168,833 of which it has received a total of $nil. Included in accounts receivable as at November 30, 2012 and May 31, 2013, is an amount receivable of $nil and $168,833, respectively, due from the Minister of Natural Resources of Canada.

11. CONTRIBUTION AGREEMENTS WITH MINISTER OF NATURAL RESOURCES OF CANADA

6 Months Ended

May 31, 2013

11. CONTRIBUTION AGREEMENTS WITH MINISTER OF NATURAL RESOURCES OF CANADA

NOTE 11 - CONTRIBUTION AGREEMENTS WITH MINISTER OF NATURAL RESOURCES OF CANADA

Mississauga Facility:

In 2009, the Company entered into a Non-Refundable Contribution Agreement with the Minister of Natural Resources of Canada for the Mississauga facility under the ecoENERGY for Biofuels program. Under the agreement, as amended as at May 13, 2013, the Company may receive up to $5,217,945 (CDN$5,410,000) in the years from 2009 to 2016 from the Canadian government in biodiesel production incentives when biodiesel is produced and sold. The contribution from the Canadian Government is non-refundable by the Company.

For the three and six months ended May 31, 2013, the Company claimed incentives of $8,559 and $10,170, respectively (three and six months ended May 31, 2012 - $150,440 and $244,456, respectively) for the biodiesel produced from its Mississauga facility. Since entering into the program to May 31, 2013, the Company has claimed total incentives of $1,458,285 of which it has received a total of $1,449,265.

Included in accounts receivable as at November 30, 2012 and May 31, 2013, is an amount receivable of $46,816 and $9,020, respectively, due from the Minister of Natural Resources of Canada.

Sombra Facility:

In 2010, the Company applied for an incentive under the ecoENERGY for Biofuels program for its Sombra facility and was approved by the Canadian government. The final Contribution Agreement with the Minister of Natural Resources of Canada for the Sombra facility under the ecoENERGY for Biofuels program was signed by the Company and the Canadian Government on December 6, 2011. Under the agreement, as amended as at April 16, 2013, the Company may receive up to $14,260,325 (CDN$14,785,200) from the years 2012 to 2017 from the Canadian government in biodiesel production incentives when biodiesel is produced and sold. The contribution from the Canadian Government is non-refundable by the Company.

For the three and six months ended May 31, 2013, the Company claimed incentives of $161,565 and $168,833 (three and six months ended May 31, 2012 - $nil in each period) for the biodiesel produced from its Sombra facility. Since entering into the program in 2010 to May 31, 2013, the Company has claimed total incentives of $168,833 of which it has received a total of $nil.

Included in accounts receivable as at November 30, 2012 and May 31, 2013, is an amount receivable of $nil and $168,833, respectively, due from the Minister of Natural Resources of Canada.