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EX-99.1 - SECOND AMENDMENT TO CREDIT AGREEMENT - IMPERIAL PETROLEUM INCdex991.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 and Exchange Act of 1934

(Date of earliest event reported): September 30, 2010

 

 

IMPERIAL PETROLEUM, INC.

(Exact name of Registrant as specified in its charter)

 

 

 

Nevada   0-9923   95-3386019

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification)

329 Main Street, Suite 801

Evansville, IN 47708

(Address of principal executive office and zip code)

(812) 867-1433

(Registrant’s telephone number, including area code)

 

 

Check the appropriate box bellow if the 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:

 

¨ Written communication 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 1.01 ENTRY INTO A MATERIAL DEFINITVE AGREEMENT:

The Registrant and its wholly-owned subsidiary, e-biofuels, LLC, entered into a Second Amendment to Credit Agreement dated September 30, 2010 with First Merchants Bank, National Association extending the Amended and Restated Credit Agreement dated December 29, 2009 between the Parties until December 31, 2010. The Amendment provides for new payment terms on the Term Loan C and an extension fee of $10,000 per month paid monthly by e-biofuels, LLC. The Amendment is designed to provide the Registrant with additional time to complete its audits and appraisals after the acquisition of e-biofuels, LLC in May 2010 to allow for the completion of a re-structuring or re-financing of the bank loans.

 

ITEM 9.01 EXHIBITS

(d) Exhibits

 

Exhibit

Number

  

Description of Exhibit

Exhibit 99.1    Second Amendment to Credit Agreement


SIGNATURE

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.

 

Imperial Petroleum, Inc.
By:   /S/    JEFFREY T. WILSON        
  Jeffrey T. Wilson

Title:

  President

Dated: October 4, 2010