Attached files
| file | filename |
|---|---|
| EX-99.I - INTEGRATED ENVIRONMENTAL TECHNOLOGIES, LTD. | v208833_ex99-i.htm |
| EX-99.II - INTEGRATED ENVIRONMENTAL TECHNOLOGIES, LTD. | v208833_ex99-ii.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) January
5, 2011
INTEGRATED
ENVIRONMENTAL TECHNOLOGIES, LTD.
(Name of
small business issuer in its charter)
|
Nevada
|
000-26309
|
98-0200471
|
|
(State
or other jurisdiction of incorporation)
|
(Commission
File Number)
|
(IRS
Employer Identification No.)
|
|
4235
Commerce Street
Little
River, South Carolina
|
29566
|
|
(Address
of Principal Executive Offices)
|
(Zip
Code)
|
Registrant’s
telephone number, including area code: (843)
390-2500
Copies
of Communications to:
Alfred V.
Greco, PLLC
199 Main
Street
Suite
706
White
Plains, NY 10601
Telephone:
(914) 682-3030
Fax:
(914) 682-3035
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:
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o
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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o
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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1
Item 2.03
Creation
of a Direct Financial Obligation or an Obligation under an Off Balance Sheet
Arrangement of a Registrant
Pursuant
to loan agreement dated January 5, 2011, between Integrated Environmental
Technologies, Ltd. (“IET”) and Zanett Opportunity Fund, Ltd. (“Lender”) IET
borrowed the sum of $200,000 from Lender payable April 5,
2011. Lender is an affiliate of IET. The $200,000
promissory note executed pursuant to the loan agreement bears interest at the
rate of 12% per annum plus a loan origination fee of 1%. The Lender owns more
the 10% of the outstanding shares of IET. The loan is pre-payable
without penalty. In the event of default, IET will be obligated to
pay all of Lender’s reasonable legal fees and expenses incurred relating to the
collection of the indebtedness.
Item
9.01 Financial Statements and Exhibits
(d)
Exhibit
(i) Loan
Agreement between Zanett Opportunity Fund, Ltd. and Integrated Environmental
Technologies, Ltd. (Registrant) dated January 5, 2011.
(ii)
Promissory Notes of Registrant dated January 5, 2011.
SIGNATURES
Pursuant
to the requirements of the Securities and Exchange Act of 1934, the Registrant
has duly caused this Current Report on Form 8-K to be signed on its behalf by
the undersigned hereunto duly authorized.
INTEGRATED
ENVIRONMENTAL TECHNOLOGIES, LTD.
|
By:
/s/William E.
Prince
|
|
William E. Prince, President and
CEO
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Dated:
January 24, 2011
2