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): ~~February~~May 1622, ~~2011~~2012 CLEAN POWER TECHNOLOGIES INC. Exact name of registrant as specified in its charter

CLEAN POWER TECHNOLOGIES INC.

Nevada	000-51716	98-0413062
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

(Exact name of registrant as specified in its charter)

436 35th Ave N.W., Calgary, Alberta	T2K0C1
(Address of principal executive offices)	(Zip Code)

Nevada		000-51716		98-0413062
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

(403) 277-2944

Registrant’s telephone number, including area code

n/a

(Former name or former address, if changed since last report)

436 35th Ave N.W., Calgary, Alberta	T2K 0C1
(Address of principal executive offices)	(Zip Code)

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 (~~403)~~17 ~~277-2944~~CFR 230.425)

~~Registrant’s~~[ ] ~~telephone~~Soliciting ~~number,~~material ~~including~~pursuant ~~area~~to ~~code~~Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

~~Not~~[ ] ~~applicable~~Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

~~(Former~~[ ] ~~name~~Pre-commencement orcommunications ~~former~~pursuant ~~address,~~to ifRule ~~changed~~13e-4(c) ~~since~~under ~~last~~the ~~report~~Exchange Act (17 CFR 240.13e-4(c))

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 (see General Instruction A.2. below):

¨ 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))

~~Forward-Looking~~SECTION ~~Statements~~1. REGISTRANT’S BUSINESS AND OPERATIONS

~~Statements~~ITEM in this Current Report on Form 8-K (including the exhibit) that are not purely historical facts, including statements regarding Clean Power's beliefs, expectations, intentions or strategies for the future, may be "forward-looking statements" under the Private Securities Litigation Reform Act of 19951.01 ENTRY ~~All~~INTO ~~forward-looking~~A ~~statements~~MATERIAL ~~involve~~DEFINITIVE a number of risks and uncertainties that could cause actual results to differ materially from the plans, intentions and expectations reflected in or suggested by the forward-looking statements. These risks and uncertainties include Clean Power's entry into new commercial businesses, the risk of obtaining financing, recruiting and retaining qualified personnel, and other risks described in Clean Power's Securities and Exchange Commission filings. The forward looking statements in this Form 8-K speak only as of the date hereof, and Clean Power disclaims any obligation to provide updates, revisions or amendments to any forward looking statement to reflect changes in the Clean Power’s expectations or future events.AGREEMENT

~~Item~~On 5May 22, 2012, Clean Power Technologies Inc.~~02 Departure~~ of(the ~~Directors~~“Company”) entered into a World Wide Exclusive License Agreement (the “License”) with Jose Luis Pontello, Daniel Alberto Pantello, Claudio Angel Pontello and Marcelo Alejandro Pontell (the “Licensors” or ~~Certain~~Inventors”) ~~Officers;~~and ~~Election~~Nicholas ofPontello ~~Directors;~~(“Nicholas”) ~~Appointment~~whereby ofthe ~~Certain~~Company ~~Officers;~~acquired ~~Compensatory~~the ~~Arrangements~~License offor ~~Certain~~a ~~Officers~~hybrid fuel and fuel efficient technology and/or a system for mobile and a stationary application as the technology for integration in trucks, transportation vehicles and agriculture and farm equipment (the “System”). This hybrid fuel technology is for agro-industrial application mobile, transportation, stationery application and more specifically described to include, but not limited to a pneumatic system for an agro-industrial vehicle including an air compressor, a dual circuit foot valve connected to the air compressor, agriculture and transport application which technology is described in the U.S. Patent document #7,429,087 B2.

OnUnder ~~February~~the ~~10,~~terms ~~2011~~of the License, ~~Clean~~the ~~Power~~inventors ~~Technologies~~are ~~Inc.~~required ~~(the~~to ~~“Company”) received~~keep ~~the~~all ~~consent~~patents toin ~~act~~good asstanding ~~Secretary~~through ~~and~~the ~~Director~~term of the License. The Company ~~from~~is ~~Maryam~~responsible ~~Saboohi. Subsequently,~~for onall ~~February~~costs ~~16,~~which ~~2011,~~may atbe incurred to set up a ~~meeting~~manufacturing ofand assembly facility, the ~~Board~~purchase of ~~Directors~~machinery, ofequipment, ~~the~~electronic ~~Company~~test equipment, ~~Ms.~~tools, ~~Saboohi~~establishing ~~was~~market ~~appointed~~infrastructure and whatever else is required to ~~the~~ ~~Board~~successfully ofassemble ~~Directors~~and/or manufacture and/or assell, ~~Secretary~~market ofand distribute the ~~Company~~System.

~~Ms.~~The ~~Saboohi~~License ~~currently~~is ~~operates~~subject ~~her~~to ~~own~~a ~~business~~Royalty ~~and~~of ~~has~~3.5% ~~done~~of sosales ~~since~~and ~~March,~~the ~~2006. She~~Company ishas ~~currently~~a ~~operates~~period aof ~~company~~36 inmonths from the ~~business~~date of ~~wholesale,~~the ~~retail~~License ~~and~~to commence the ~~rental~~payment of ~~linen~~Royalties. The ~~and~~License ~~other~~is ~~accessories~~granted tofor ~~the~~a ~~hospitality~~period ~~industry~~of ~~and~~5 toyears ~~event~~with ~~organizers. In~~an ~~addition~~option ~~she~~to isextend afor ~~business~~an ~~consultant~~additional ~~and~~5 ~~business analyst~~years.

~~She~~The ~~previously~~technology ~~taught~~is atpatented ~~Tehran~~in ~~University~~the U.S. under patent # 7,429,087 and ~~holds~~in athe ~~BSC~~Argentine Republic under patent # AR 042777 B1. A patent application has been filed in ~~Mathematics~~the Federative Republic of Brazil. The technology is designed to reduce the cost of the hydraulic system in the current agro-industrial applications. The system is to replace brake and suspension fluids with compressed air. It is estimated that the production cost of the system will be 30% cheaper than the current production cost of convention systems.

~~Currently~~SECTION ~~the~~2. FINANCIAL ~~appointed Officers and Directors of the Company are:~~INFORMATION

~~Abdul~~ITEM ~~Mitha~~2.01 –COMPLETION ~~Director,~~OF ~~President,~~ACQUISITION ~~Chief~~OR ~~Executive~~DISPOSITION ~~Officer~~OF ~~and acting Chief Financial Officer~~ASSETS

~~Maryam~~Information ~~Saboohi~~incorporated –by ~~Director~~reference ~~and~~to ~~Secretary~~Item 1.01 above.

~~Section~~SECTION 8. OTHER ~~– Other Events~~EVENTS

~~Item~~ ITEM 8.01 OTHER ~~– Other Events~~EVENTS

AsSubsequent ~~previously~~to ~~reported~~events inwhich ~~our~~occurred ~~Form~~in ~~8-K filings~~November onand December ~~7, and 21,~~ 2010~~, Clean~~ ~~Power Technologies Limited (CPTL) was put into an Administration by certain of the officers~~ and ~~directors~~which ofwere ~~Clean~~reported ~~Power~~in ~~Technologies Limited (~~the Company’s ~~U.K.~~8K ~~subsidiary) (“CPTL”)~~filings ~~under the laws of England and Wales~~ on orDecember ~~about~~7th ~~November 25th~~ 2010. ~~With~~and ~~the~~January ~~assistance~~5th of2011, the Company’s ~~secured~~has ~~creditor,~~been ~~The~~trying ~~Quercus~~to ~~Trust~~reposition ~~(“QT”)~~itself ~~formed~~to anseize ~~entity~~opportunities ~~called~~which ~~Clean~~may ~~Power~~help ~~Acquisition~~it ~~Limited~~to ~~(CPTA)~~re-launch ~~and~~its onclean ~~December~~technology ~~21st~~objectives. ~~CPTA~~The ~~purchased~~Company ~~the~~is ~~said~~also ~~assets~~currently ~~from~~consulting ~~the~~an ~~Administrator~~attorney ~~for a~~in ~~sum~~the ofUnited ~~£100,000.~~States Onto oradvise ~~about~~it ~~January~~on ~~1st~~matters ~~2011~~and QTissues ~~transferred~~arising ~~all~~from ~~its~~these ~~shares~~events ofand ~~CPTA~~any torecourse ~~CPTI~~or ~~thereby~~actions ~~making~~which ~~CPTA~~may abe ~~wholly~~available ~~owned~~to ~~subsidiary~~the ~~of CPTI~~company.

The Company currently has no borrowing resources nor any cash to pursue any legal or corporate objectives at this time, and is investigating all financing and strategic transactions in an effort to re-introduce other fuel efficient and hybrid fuel efficient technologies. It is also seeking alliances with other technologies in similar sectors.

~~The~~SECTION ~~said~~9 ~~assets~~– ~~were~~FINANCIAL ~~left~~STATEMENTS atAND the leased premises of CPTL in Newhaven in the custody of Mike Burns (previously the CTO and a Director of CPTI and a Director and officer of CPTL) and on December 21st 2010, QT received written assurance from Mike Burns that he would not remove the said assets from the premises, and that he “will safeguard the assets of CPTI Acquisition Company Limited”. The Company has requested the return of the said assets to CPTA, but Burns has refused to surrender and deliver the said assets to CPTA and CPTI.EXHIBITS

~~Legal~~ (d) ~~proceedings, currently funded by existing stockholders of the Company, are being taken in England to recover the said assets~~Exhibits.

The Company is preparing to bring CPTI in good standing and to file all delinquent financial statements which are currently pending. The Company is currently reviewing all its financials and in a review of communications between the Company’s outside accounting staff and Guy Lindup, the prior CFO of the Company, it has come to the attention of the Company’s current Board of Directors that Mr. Lindup had concerns in regard to some accounting matters relating to both CPTI and its directors, officers and consultants. More particularly, Mr. Lindup had asked for a review of certain share issuances and the underlying agreements and reports and expressed concern to the then Board of Directors who requested a review of shares issued in settlement and the expenditures underlying the settlements. The Company has requested that the Company’s prior accounting consultants provide all information in regard to expenses and charges to the Company to an independent third party Chartered Accountant to make a determination as to whether any shares issued under the settlements should be adjusted in favour of the treasury. All parties have agreed to abide by the determination of the independent accountant.

10.1	World Wide Exclusive License Agreement between the Company and Jose Luis Pontello, Daniel Alberto Pantello, Claudio Angel Pontello, Marcelo Alejandro Pontello and Nicholas Pontello	Filed herewith
99.1	Press Release dated June 15, 2012	Filed herewith

Further, Mr. Lindup expressed concern over tax implications to the U.K. officers, directors, and consultants that had accepted shares of common stock of the Company either as compensation for services, for the acquisition of the technology or bonus shares. A review of the taxation situation was undertaken with the Company’s auditors who rendered an opinion on the effect of taxation on the Company, that the Company had no tax liability in regard to these issuances and had no obligation to withhold tax on the issuance. However, upon review of the documentation, it is unclear whether any review of the U.K. tax laws was undertaken to determine the implications on the Company and the recipients of the shares. The Company has no access to the analysis undertaken by Mr. Lindup or his recommendations to the respective parties receiving the shares. The Company has directed its outside consultants and the independent accountant to make inquiries of the U.K. tax authorities to ensure that the Company, during its restructure will not be facing any substantial tax liabilities.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the ~~registrant~~Registrant has duly caused this report to be signed on its behalf by the undersigned ~~hereunto~~thereunto duly authorized.

	CLEAN POWER TECHNOLOGIES INC.
May 9, 2011	By: /s/ Abdul Mitha
Dated: June 15, 2012	By:	/s/ Abdul Mitha
	Abdul Mitha Chief Executive Officer and President
	Name:	Abdul Mitha
`	Title:	Chief Executive Officer

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