Summary of ATC VENTURES GROUP, INC.

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ATC > SEC Filings for ATC > Form 8-K on 31-Oct-2012

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Form 8-K for ATC VENTURES GROUP, INC.

31-Oct-2012

Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement

On October 25, 2012, the Company entered into a new credit facility with GemCap Lending I, LLC. The facility matures on October 25, 2014, and consists of a $1.0 million revolving credit facility and a $1.223 million term loan. Principal and interest on the term loan is payable monthly based on a five year amortization. The facility bears interest at a fixed interest rate of 12% and is secured by a blanket lien on all the Company's assets other than its real estate.

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