Q2POWER TECHNOLOGIES INC. (OTCMKTS:QPWR) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement

On August 14, 2017, Q2Power Technologies Inc. (the “Company” or “Q2P”) closed a Technology Transfer and Assignment Agreement (the “Transfer Agreement”) with Phoenix Power Group LLC (“Phoenix”) to transfer to Phoenix all of the Company’s technology and materials associated with Q2P’s external combustion engine, controls and auxiliary systems (the “Q2P Technology”), developed both in conjunction with its Amended and Restated License Agreement dated July 15, 2014 (“License Agreement”) with Cyclone Power Technologies, Inc. (“Cyclone”) and such other Q2P Technology developed independently from the License Agreement. to a consent from Cyclone, the Company also transferred and assigned the License Agreement to Phoenix. In consideration for the transfer and assignment, Phoenix satisfied and provided releases for approximately $162,000 in past liabilities of Q2P associated with the development of the Q2P Technology, made certain other payments to the Company’s prior engine manufacturer, and provided full releases from liability from both Phoenix and Cyclone.

The above description of the Transfer Agreement and the transaction generally is qualified in its entirety by the actual agreement filed as Exhibit 10.1 hereto.

Item 9.01 Financial Statements and Exhibits.

(b) Exhibits.

Q2Power Technologies, Inc. Exhibit
EX-10.1 2 ex10-1.htm   EXHIBIT 10.1   Technology Transfer and Assignment Agreement   This Technology Transfer and Assignment Agreement (“Agreement”) is entered into as of August 8,…
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About Q2POWER TECHNOLOGIES INC. (OTCMKTS:QPWR)

Q2Power Technologies, Inc., formerly Anpath Group, Inc., is a holding company for its subsidiary, Q2Power Corp. (Q2P). The Company, through Q2P, operates a renewable power company focused on the conversion of waste to energy and other reuse products. In May 2016, the Company began exploring other synergistic business lines, such as composting from waste water biosolids. Its system harvests waste biogas from waste water treatment facilities, landfills and livestock farms. Through an external combustion process, it converts these resources into green electricity for use at the host facility or back to the grid. The Company’s pilot installation is located at the waste water treatment plant in Lancaster, Ohio. The Company’s technology includes a reciprocating piston external heat engine (the Q2P Engine). It has also developed other technologies to support a total combined heat and power (CHP) system around the Q2P Engine, such as waste fuel burners, controls and other subcomponents.