Plastic2Oil Inc (PTOI)

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PTOI 8K FILED

News Alert: Current Report Filing (8-k)	07/30/2019 05:30:35 PM

Item 1.01 Entry into a Material Definitive Agreement.


On July 25, 2019, Plastic2Oil, Inc., a Nevada corporation (the “Company”), entered into an agreement (“Amendment to Note 1”) with Mr. Richard Heddle, the Company’s chief executive officer and a member of the Company’s board of directors, to extend the maturity date of the outstanding $1 million principal amount 12% Secured Promissory Note due December 1, 2018 (“Note 1”) to December 31, 2020. Mr. Heddle originally purchased Note 1 from the Company on August 29, 2013 in the Company’s private placement of 12% Secured Promissory Notes due December 31, 2018.


On July 25, 2019, the Company entered into an agreement (“Amendment to Note 2”) with Mr. Heddle to extend the maturity date of the outstanding $2 million principal amount 12% Secured Promissory Note due December 1, 2018 (“Note 2”) to December 31, 2020. Mr. Heddle originally purchased Note 2 from the Company on September 30, 2013 in the Company’s private placement of 12% Secured Promissory Notes due December 1, 2018.

The foregoing description of the Amendments are only a summary and is qualified in its entirety by the complete text of the Amendments, a copy of which are filed herewith as Exhibit 10.1and 10.2.

https://www.sec.gov/Archives/edgar/data/1381105/000149315219011360/form8-k.htm