Blink Charging Co. Quarterly report pursuant to sections 13 or 15(d)

Quarterly report pursuant to sections 13 or 15(d)

Commitments

Commitments

9 Months Ended

Sep. 30, 2011

Commitments and Contingencies Disclosure [Abstract]

7. COMMITMENTS

The company has entered into several contracts that obligate it to office space lease payments and equipment acquisition. The following is a summary of these commitments:

a)	At March 31, 2011, the Company entered into a three (3) year lease for office space at approximately $132,480 per year, with an option to renew for an additional three years at approximately $137,655 per year. As of September 30, 2011, this lease is subject to renegotiation.

b)	Pursuant to the terms of a master agreement, the Company has committed to purchase 300 charging stations over the year, 25 units per month starting during October, 2011 , for an amount in excess of $3,100 per unit.

- Definition

The entire disclosure for significant arrangements with third parties, which includes operating lease arrangements and arrangements in which the entity has agreed to expend funds to procure goods or services, or has agreed to commit resources to supply goods or services, and operating lease arrangements. Descriptions may include identification of the specific goods and services, period of time covered, minimum quantities and amounts, and cancellation rights.

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