The filing is outlined below. I - SNPW Sun Pacific Holding Corp.

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Sun Pacific Holding Corp. SNPW

(Total Views: 88)

Posted On: 10/17/2024 11:47:32 AM

Post# of 13011

Posted By: Wallstreet1234

Re: drugmanrx #11531

The filing is outlined below. I see no mention where the filing states anything about not being qualified for state tax exempt bonds. .

Quote:
Told shareholders in the filings of 6/3/2021 that on May 28 2021 they were not financially qualified for a state tax exempt bond and had to give up Medrecycler-RI ownership.

Quote:
Item 1.01 Entry into a Material Definitive Agreement.
On May 28, 2021, Sun Pacific Holding Corp. (the “Company”) entered into a Net Profit Participation Agreement and Assignment (the “Agreement”) on behalf of their wholly owned subsidiary MedRecycler, LLC (“MRLLC”) and with MedRecycler-RI, Inc. (“MRRI”) wherein in order to secure permanent financing for their medical waste to energy project (the “Project”), the Company has agreed to relinquish its interest in the equity of MRRI held by MRLLC while the Company is provided an economic interest in the Project without liabilities. May 28, 2021, Sun Pacific Holding Corp. (the “Company”) entered into a Net Profit Participation Agreement and Assignment (the “Agreement”) on behalf of their wholly owned subsidiary MedRecycler, LLC (“MRLLC”) and with MedRecycler-RI, Inc. (“MRRI”) wherein in order to secure permanent financing for their medical waste to energy project (the “Project”), the Company has agreed to relinquish its interest in the equity of MRRI held by MRLLC while the Company is provided an economic interest in the Project without liabilities.