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EX-10.1 - SCHEDULE Z FIFTH AMENDMENT - RASER TECHNOLOGIES INC | rrd256364_30270.htm |
DELAWARE
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87-0638510
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(State or other jurisdiction of
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(IRS Employer
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incorporation)
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Identification No.)
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[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
As previously reported in the Company's Current Report on Form 8-K filed on September 5, 2008, on August 31, 2008, pursuant to the Financing Commitment, Thermo entered into several agreements (the "Thermo Financing Agreements"), whereby the Company finalized the project financing arrangements contemplated by the Financing Commitment. The Thermo Financing Agreements provide project financing and tax equity capital for the Project.
The Thermo Financing Agreements required the Company to achieve final completion of the Project by November 2, 2009. On November 2, 2009, the parties to the Thermo Financing Agreements entered into a Schedule Z Amendment (the "Schedule Z Amendment") whereby the final completion date was reset to November 30, 2009. Over the next few weeks, the Company intends to amend the Thermo Financing Agreements in order to be consistent with recent tax law changes under the American Recovery and Reinvestment Act of 2009. The Company also intends to amend other provisions and deadlines in the Thermo Financing Agreements related to bringing the Project to full capacity.
The foregoing description of the Schedule Z Amendment and the transactions contemplated thereby does not purport to be complete and is qualified in its entirety by reference to the Schedule Z Amendment, a copy of which is filed as an exhibit hereto and is hereby incorporated by reference.
RASER TECHNOLOGIES, INC.
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Date: November 04, 2009
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By:
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/s/ Martin F. Petersen
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Martin F. Petersen
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RASER TECHNOLOGIES, INC.
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Date: November 04, 2009
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By:
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/s/ Martin F. Petersen
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Martin F. Petersen
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Chief Financial Officer
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Exhibit No.
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Description
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EX-10.1
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Schedule Z Fifth Amendment
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