DELAWARE
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87-0638510
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(State or other jurisdiction of
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(IRS Employer
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incorporation)
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Identification No.)
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[ ] 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))
The Company has not made the April 1st interest payment. At this time, the Company cannot provide any assurance that the payment will be made on or before May 1st or at all.
The Company has initiated discussions with the holders of more than a majority of the outstanding principal amount of the Notes to discuss proposals that would modify the repayment terms of the Notes. The discussions with the holders of the Notes are part of the Company's comprehensive and ongoing efforts to modify the terms of substantially all of the Company's outstanding indebtedness to reduce the overall amount of Company debt and achieve more favorable repayment terms for the remaining debt. There can be no assurance that the Company will reach a definitive agreement with the holders of the Notes regarding a forbearance and/or modification that would avoid an Event of Default under the indenture for the Notes, the terms upon which any such agreement will be reached, or that requisite consents will be obtained and requisite conditions will be satisfied.
RASER TECHNOLOGIES, INC.
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Date: April 04, 2011
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By:
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/s/ Nicholas Goodman
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Nicholas Goodman
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Chief Executive Officer
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