SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
(Amendment No. 1)
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) October 20, 2010 (October 18, 2010)
NEW ORIENTAL ENERGY & CHEMICAL CORP.
(Exact name of registrant as specified in its charter)
Registrant’s telephone number, including area code (86) 27 853 75701
(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):
This Amendment No. 1 to the Current Report on Form 8-K, which was filed with the Securities and Exchange Commission on October 18, 2010, is being filed to include a copy of the referenced Indebtedness Conversion Agreement as Exhibit 10.1 and to amend Items 1.01 and 9.01 accordingly.
On October 18, 2010, New Oriental Energy & Chemical Corp. (the “Company”) entered into an Indebtedness Conversion Agreement with Xingyang Hongchang Channel Gas Engineering Co., Ltd. (the “Holder”) for the conversion of $3,010,200 of debt into 3,010,200 shares of common stock of the Company. The converted debt consisted of loans used to fund the construction of the Company’s methanol production facility. A copy of the Indebtedness Conversion Agreement is attached hereto as Exhibit 10.1
The information provided in response to Item 1.01 of this report is incorporated by reference into this Item 3.02.
The shares of the Company’s common stock were issued to an accredited investor in reliance on exemptions from registration pursuant to Section 4(2) under the Securities Act of 1933, as amended.
On October 20, 2010, the Company issued a press release regarding its entry into the conversion agreement with the Holder as described above. A copy of the press release is attached hereto as Exhibit 99.1.
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.
Dated: February 25, 2011