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Posted On: 10/08/2019 7:37:27 PM
Post# of 43065
PTOI 8K FILED
Item 1.01 Entry into a Material Definitive Agreement .
On October 2, 2019, Plastic2Oil, Inc., a Nevada corporation (the “Company”), entered into an agreement (“Agreement”) with Nulixo, Inc. (the “Buyer”), whereby the Buyer agreed to appoint the Company as the exclusive supplier for plastic to oil processors for a period of twenty (20) years. Specifically, the Buyer agrees to purchase at least eight (
processors over a period of three (3) years, and at least one (1) to be ordered upon the effectiveness of the Agreement. Pursuant to the first purchase order, for which the company is awaiting initial funding of the purchase order, the Buyer ordered two (2) processors for Six Million Dollars ($6,000,000) with an initial payment of Three Million Dollars ($3,000,000). Any subsequent processor purchased shall be at a fixed rate of ($3,000,000). In addition, the Company has further agreed to provide monitoring and servicing services for a fee to be determined on a case by case basis.
https://www.sec.gov/Archives/edgar/data/13811...orm8-k.htm
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curious to see re: RC's Master Agreement
https://investorshangout.com/post/view?id=4990679
reminder .. HM
http://heddleshipyards.com/
News News Alert: Current Report Filing (8-k) 10/08/2019 05:17:38 PM
Item 1.01 Entry into a Material Definitive Agreement .
On October 2, 2019, Plastic2Oil, Inc., a Nevada corporation (the “Company”), entered into an agreement (“Agreement”) with Nulixo, Inc. (the “Buyer”), whereby the Buyer agreed to appoint the Company as the exclusive supplier for plastic to oil processors for a period of twenty (20) years. Specifically, the Buyer agrees to purchase at least eight (
processors over a period of three (3) years, and at least one (1) to be ordered upon the effectiveness of the Agreement. Pursuant to the first purchase order, for which the company is awaiting initial funding of the purchase order, the Buyer ordered two (2) processors for Six Million Dollars ($6,000,000) with an initial payment of Three Million Dollars ($3,000,000). Any subsequent processor purchased shall be at a fixed rate of ($3,000,000). In addition, the Company has further agreed to provide monitoring and servicing services for a fee to be determined on a case by case basis. https://www.sec.gov/Archives/edgar/data/13811...orm8-k.htm
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curious to see re: RC's Master Agreement
https://investorshangout.com/post/view?id=4990679
reminder .. HM
http://heddleshipyards.com/
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