8K Filed re: MA extension Section 1 – Regist
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Posted On: 05/01/2018 7:39:51 AM
8K Filed re: MA extension
Section 1 – Registrant’s Business and Operations
Item 1.01 Entry into a Material Definitive Agreement.
As previously reported, on December 21, 2017, Plastic2Oil, Inc. (the “Company”) executed a Master Agreement (the “Master Agreement”) with Veridisyn Technologies, LLC, a company engaged in processing waste plastics (the “Customer”), pursuant to which the Customer agreed to purchase all of its requirements for the catalyst and processors for its plastic-to-oil (P2O) operations from the Company and to license from the Company certain related P2O technology.
On April 26, 2018 , the Company and the Customer executed an Amendment to the Master Agreement, effective as of April 20, 2018 (the “Amendment”) which amends the Master Agreement by extending the date by which the Customer must submit purchase orders for the first two processors from within 120 days of executing the Master Agreement to within 240 days of such execution . In addition, certain related time periods in the Master Agreement were extended accordingly.
The foregoing description of the Amendment is only a summary and is qualified in its entirety by the complete text of the Amendment, a copy of which is filed herewith as Exhibit 10.1.
Section 9 - Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. The exhibits required by this item are listed on the Exhibit Index hereto.
https://www.sec.gov/Archives/edgar/data/13811...orm8-k.htm
http://www.plastic2oil.com/site/sec-filings
Section 1 – Registrant’s Business and Operations
Item 1.01 Entry into a Material Definitive Agreement.
As previously reported, on December 21, 2017, Plastic2Oil, Inc. (the “Company”) executed a Master Agreement (the “Master Agreement”) with Veridisyn Technologies, LLC, a company engaged in processing waste plastics (the “Customer”), pursuant to which the Customer agreed to purchase all of its requirements for the catalyst and processors for its plastic-to-oil (P2O) operations from the Company and to license from the Company certain related P2O technology.
On April 26, 2018 , the Company and the Customer executed an Amendment to the Master Agreement, effective as of April 20, 2018 (the “Amendment”) which amends the Master Agreement by extending the date by which the Customer must submit purchase orders for the first two processors from within 120 days of executing the Master Agreement to within 240 days of such execution . In addition, certain related time periods in the Master Agreement were extended accordingly.
The foregoing description of the Amendment is only a summary and is qualified in its entirety by the complete text of the Amendment, a copy of which is filed herewith as Exhibit 10.1.
Section 9 - Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. The exhibits required by this item are listed on the Exhibit Index hereto.
https://www.sec.gov/Archives/edgar/data/13811...orm8-k.htm
http://www.plastic2oil.com/site/sec-filings
(1)
(1)Plastic2Oil, Inc. (PTOI) Stock Research Links
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