Attached files
| file | filename |
|---|---|
| EX-10.1 - UNCONDITIONAL CORPORATE GUARANTY - ASPIRITY HOLDINGS LLC | twincities_8k-ex1001.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
____________
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
| Date of report (Date of earliest event reported) | December 2, 2013 |
| TWIN CITIES POWER HOLDINGS, LLC | |||||
| (Exact Name of Registrant as Specified in Charter) |
| Minnesota | 333-179460 | 27-1658449 |
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
| 16233 Kenyon Ave., Suite 210, Lakeville, Minnesota | 55044 | ||||
| (Address of Principal Executive Offices) | (Zip Code) | ||||
| Registrant’s telephone number, including area code | (952) 241-3103 | ||||
| n/a | |||||
| (Former Name or Former Address, if Changed Since Last Report) | |||||
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01. Entry into a Material Definitive Agreement
On December 2, 2013, Twin Cities Power Holdings, LLC (the “Company”) entered into an Unconditional Corporate Guaranty with New York Independent System Operator, Inc. (“NYISO”). Pursuant to the Unconditional Corporate Guaranty, the Company has agreed, among other things, to unconditionally and irrevocably guarantee the prompt and complete payment of all amounts currently or in the future owed to NYISO by the Company’s wholly-owned subsidiary, Twin Cities Power, LLC (the “Subsidiary”), in connection with the Subsidiary’s participation in the markets administered by NYISO.
The foregoing description is qualified in its entirety by reference to the full text of the Unconditional Corporate Guaranty which is attached to this Current Report on Form 8-K as Exhibit 10.1 and is incorporated herein by reference.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
The information set forth under Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
| 10.1 | Unconditional Corporate Guaranty of Twin Cities Power Holdings, LLC in favor of New York Independent System Operator, Inc. dated December 2, 2013. |
| 2 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: December 10, 2013 | By | /s/ Wiley H. Sharp III |
| Wiley H. Sharp III | ||
| Its | Vice President – Finance and Chief Financial Officer | |
| 3 |