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| ATCS.PK > SEC Filings for ATCS.PK > Form 8-K on 15-Jun-2009 | All Recent SEC Filings |
15-Jun-2009
Entry into a Material Definitive Agreement, Creation of a Direct Financial
On June 10, 2009, Apogee Technology, Inc. ("Apogee") received $50,000 in proceeds from the sale of two promissory notes. Mr. David Spiegel loaned the company $25,000 pursuant to the promissory note attached hereto and TYJO Corporation Money Purchase Pension Plan loaned the company $25,000 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 are attached hereto as Exhibits 99.1, and 99.2 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 2,500, and 6,250, for Mr. David Spiegel and TYJO Corporation Money Purchase Pension Plan, respectively, as added consideration for the Notes. These warrants, and the warrants previously issued to Mr. David Spiegel and TYJO Corporation Money Purchase Pension Plan pursuant to earlier promissory notes, have been documented using the form of warrant, Exhibit 99.3, attached.
(d) Exhibits
Exhibit
Number Description
99.1 Promissory Note dated as of June 10, 2009 by and between Apogee
Technology, Inc. and David Spiegel
99.2 Promissory Note dated as of June 10, 2009 by and between Apogee
Technology, Inc. and TYJO Corporation Money Purchase Pension Plan
99.3 Form of Warrant
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