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PWON > SEC Filings for PWON > Form 8-K on 4-Apr-2014All Recent SEC Filings

Show all filings for POWIN CORP

Form 8-K for POWIN CORP


4-Apr-2014

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet


Item 2.03 Creation of a Direct Financial Obligation or an Obligation under
an Off-Balance Sheet Arrangement of a Registrant

In consideration of a loan to the Company, effective March 28, 2014 the Company issued its Promissory Note to Peter Lu, the son of Joseph Lu, the Company's Chief Executive Officer, in the principal amount of $200,000 with interest at the rate of 6% per annum. The entire principal and accrued interest is due June 30, 2014.

In consideration of a loan to the Company, effective March 28, 2014 the Company issued its Promissory Note to Danny Lu, a director of the Company and the son of Joseph Lu, in the principal amount of $100,000 with interest at the rate of 6% per annum. The entire principal and accrued interest is due June 30, 2014.

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