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| ATCS.PK > SEC Filings for ATCS.PK > Form 8-K/A on 7-Apr-2009 | All Recent SEC Filings |
7-Apr-2009
Entry into a Material Definitive Agreement, Creation of a Direct Financia
On March 19, 2009, Apogee Technology, Inc. ("Apogee") received $139,900.04 in proceeds from the sale of three promissory notes. TYJO Corporation Money Purchase Pension Plan loaned the company $50,000 pursuant to the promissory note attached hereto, Herbert M. Stein loaned the company $25,900.04 pursuant to the promissory note attached hereto, and David Spiegel loaned the company $64,000 pursuant to the promissory note attached hereto. The promissory notes bear simple interest of 8% per year and are to be repaid in cash after 180 days.
The promissory note is attached hereto as Exhibits 99.1, 99.2, and 99.3 and are incorporated herein by reference.
The information required by this Item 2.03 is set forth in Item 1.01 above, which is incorporated herein by reference.
Associated with the promissory notes discussed above are warrants. The warrants are a three (3) year warrants with a strike price of $1. The warrants represent 12,500, 2,590, and 6,400, for TYJO Corporation Money Purchase Pension Plan, for Mr. Herbert M. Stein, and for David Spiegel, respectively, as added consideration for the Note. These warrants, and the warrants previously issued to TYJO Corporation Money Purchase Pension Plan, Mr. Herbert M. Stein, Mr. David Spiegel, and Ms. Annette Jaynes pursuant to earlier promissory notes, have been documented using the form of warrant, Exhibit 99.5, attached.
(d) Exhibits
Exhibit
Number Description
99.1 Promissory Note dated as of March 19, 2009 by and between Apogee
Technology, Inc. and TYJO Corporation Money Purchase Pension Plan
(previously filed as Exhibit 99.1 to the Current Report on Form 8-K
filed with the Commission on March 20, 2009, and incorporated herein by
reference)
99.2 Promissory Note dated as of March 19, 2009 by and between Apogee
Technology, Inc. and Mr. Herbert M. Stein (previously filed as
Exhibit 99.2 to the Current Report on Form 8-K filed with the Commission
on March 20, 2009, and incorporated herein by reference)
99.3 Promissory Note dated as of March 19, 2009 by and between Apogee
Technology, Inc. and Mr. David Spiegel
99.5 Form of Warrant (previously filed as Exhibit 99.5 to the Current Report
on Form 8-K filed with the Commission on March 20, 2009, and
incorporated herein by reference)
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