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EX-10.1 - EXHIBIT 10.1 - AMERICAN DG ENERGY INCjnhloanwithdrawel22717.pdf
EX-10.1 - EXHIBIT 10.1 - AMERICAN DG ENERGY INCjnhloanwithdrawel22717.htm


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 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) March 3, 2017 (February 27, 2017)
 
AMERICAN DG ENERGY INC.
(Exact Name of Registrant as Specified in Its Charter)
 
Delaware
(State or Other Jurisdiction of Incorporation)
 
001-34493
 
04-3569304
(Commission File Number)
 
(IRS Employer Identification No.)
 
 
 
45 First Avenue
 
 
Waltham, Massachusetts
 
02451
(Address of Principal Executive Offices)
 
(Zip Code)
 

(781) 622-1120
(Registrant’s Telephone Number, Including Area Code)
  
_______________________________________________
 
 
 
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:
 
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
¨ 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))
 






Item 1.02. Termination of a Material Definitive Agreement
On February 27, 2017, John N. Hatsopoulos terminated the Revolving Line of Credit Agreement (the “Credit Agreement”) he had with American DG Energy (the “Company”) for $3,000,000 that was executed on December 22, 2016, and filed with the Securities and Exchange Commission on December 28, 2016. Mr. Hatsopoulos is the Co-Chief Executive Officer of the Company and a member of the board of directors. The Company has currently pulled $850,000 from the Credit Agreement and this amount will still be due as agreed to in the Credit Agreement.






Item 9.01. Financial Statements and Exhibits

(d) Exhibits

The following exhibits are filed:

Exhibit        Description
10.1
Loan Withdrawal







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 thereunto duly authorized.
 
 
 
 
 
Date:
March 3, 2017
AMERICAN DG ENERGY INC.
 
 
By: /s/ Bonnie Brown
 
 
Bonnie Brown, Chief Financial Officer