Item 1.01 Entry into a Material Definitive Ag
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Posted On: 12/06/2018 10:00:38 PM
Item 1.01 Entry into a Material Definitive Agreement.
On August 6, 2018, Plastic2Oil, Inc. (the “Company”) executed a Second Amendment to Master Agreement (the “Second Amendment”) with Veridisyn Technologies, LLC (the “Customer”). The Second Amendment further amends that certain Master Agreement, dated December 21, 2017, by and between the Company and the Customer (as amended, the “Master Agreement”) by extending the date by which the Customer must submit purchase orders for the first two processors from within 240 days of executing the Master Agreement to within 330 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 Second Amendment, a copy of which is filed herewith as Exhibit 10.1.
Times up. Seems like this would be a material event. No 8k. Maybe the the great CEO has run out of carrots and patsies.
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