Posted On: 12/02/2016 12:32:50 PM
Post# of 43065
8K Filed
Item 8.01 Other Events.
As previously reported, on August 26, 2016 Plastic2Oil, Inc. (the “Company”) executed a Memorandum of Understanding (the “MOU”) with a Southern U.S. company regarding potential licensing of the Company’s technology and a potential sale of units. On November 28, 2016, the parties agreed to extend the term of the MOU until January 23, 2016. The parties will need to execute a definitive agreement by this date unless a further extension is mutually agreed upon. This extension of the MOU was agreed upon due to additional time needed to address zoning and permitting at the proposed site . There can be no guarantee that a definitive agreement will be reached prior to expiration of the extended term of the MOU.
https://www.sec.gov/Archives/edgar/data/13811...-index.htm
Item 8.01 Other Events.
As previously reported, on August 26, 2016 Plastic2Oil, Inc. (the “Company”) executed a Memorandum of Understanding (the “MOU”) with a Southern U.S. company regarding potential licensing of the Company’s technology and a potential sale of units. On November 28, 2016, the parties agreed to extend the term of the MOU until January 23, 2016. The parties will need to execute a definitive agreement by this date unless a further extension is mutually agreed upon. This extension of the MOU was agreed upon due to additional time needed to address zoning and permitting at the proposed site . There can be no guarantee that a definitive agreement will be reached prior to expiration of the extended term of the MOU.
https://www.sec.gov/Archives/edgar/data/13811...-index.htm
(0)
(0)Scroll down for more posts ▼
