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| NTQ > SEC Filings for NTQ > Form 8-K on 28-Jan-2009 | All Recent SEC Filings |
28-Jan-2009
Entry into a Material Definitive Agreement, Termination of a Material Definit
The information set forth below under Item 1.02 is incorporated herein by reference.
On January 23, 2009 Occidental Petroleum Investment Co. exchanged the promissory note issued by NTR Acquisition Co. ("NTR") for certain consideration offered by NTR Partners LLC. NTR Partners LLC has since cancelled the promissory note without any payment or any remaining obligation by NTR.
The foregoing description does not purport to be complete and is qualified in its entirety by reference to the full text of the Cancellation and Release Agreement, which is attached as Exhibit 10.1 and incorporated herein by reference.
The information set forth below under Item 8.01 is incorporated herein by reference.
On January 26, 2009, NTR issued a press release announcing that, in accordance with its charter and applicable law, its corporate existence will terminate on January 30, 2009.
NTR also announced that its board of directors, at a special meeting held on January 25, 2009, adopted a plan of distribution, to become effective on January 30, 2009. NTR expects that the holders of record as of January 30, 2009 of shares of NTR common stock issued in the initial public offering will receive a distribution in the amount of approximately $10.03 per share, payable on or about February 6, 2009.
The American Stock Exchange is expected to suspend the trading, and NTR's transfer agent will be instructed to cease recording transfers, of NTR's units, common stock and warrants on January 30, 2009. NTR intends to submit a Certification of Termination of Registration on Form 15 to the Securities and Exchange Commission for the purpose of deregistering its securities under the Securities Exchange Act of 1934, as amended.
A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.
(d) Exhibits
10.1 Cancellation and Release Agreement dated January 26, 2009
10.2 Promissory Note dated November 2, 2007 (incorporated by reference to Annex G
of the Revised Preliminary Proxy Statement on Schedule 14A filed on February
12, 2008 (File No. 001-33279))
99.1 Press Release of NTR Acquisition Co. dated January 26, 2009
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