AMERICAN POWER GROUP CORPORATION (OTCMKTS:APGI) Files An 8-K Entry into a Material Definitive AgreementItem 1.01
On July 26, 2017, the holders of American Power Group Corporation’s Subordinated Contingent Convertible Promissory Notes in the aggregate principal amount of $3,000,000 (the “Notes”) agreed to extend the maturity of the Notes from July 27, 2017 until October 27, 2017.
| Item 2.03 | Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant |
See the disclosures set forth in Item 1.01 above, which are incorporated herein by reference.
| Item 7.01 | Regulation FD Disclosure |
None
| Item 9.01 | Financial Statements and Exhibits |
| Exhibit No. | Description |
| 10.1 | Amendment to Promissory Notes, dated as of July 26, 2017, among American Power Group Corporation and the holders of such Notes |
AMERICAN POWER GROUP Corp ExhibitEX-10.1 2 ex10-1.htm eXHIBIT 10.1 AMENDMENT to Promissory NoteS THIS AMENDMENT TO PROMISSORY NOTES (this “Amendment”) is made as of the 26th day of July,…To view the full exhibit click here
About AMERICAN POWER GROUP CORPORATION (OTCMKTS:APGI)
American Power Group Corporation operates through two segments: dual fuel conversion operations and natural gas liquids operations. The Company’s dual fuel conversion system is an external fuel delivery enhancement system that converts existing diesel engines into environmentally friendly engines that have the flexibility, depending on the circumstances, to run on diesel fuel and compressed natural gas (CNG) or liquefied natural gas (LNG); diesel fuel and pipeline gas, well-head gas or approved bio-methane, and diesel. The Company’s technology displaces approximately 75% (average displacement ranges from 40% to 65%) of the normal diesel fuel consumption with various forms of natural gas. The Company provides flare capture and recovery services to operators of the drilling equipment needing to meet their mandated flare gas capture limits by processing their previously flared gas for an agreed upon processing fee.