Item 1.01 Entry into a Material Definitive Agreement.
As previously disclosed on Current Reports on Form 8-K filed with the U.S.
Securities and Exchange Commission on November 5, 2021, and May 19, 2022,
American Noble Gas, Inc., a Nevada corporation (the "Company"), entered into two
notes with institutional accredited investors (the "Investors"): one on October
30, 2021 and one on May 13, 2022.
On January 10, 2023, the Company amended each of those notes by entering into a
letter agreement (the "Letter Agreement") between the Investors and the Company.
The Letter Agreement modifies the terms of the notes by extending each note's
respective maturity date to September 30, 2023. In consideration for the
extension, the Company amended the Fixed Conversion Price (as defined in each
note) to $0.10, subject to any future adjustments as provided in each of the
notes.
The foregoing description of the Letter Agreement does not purport to be
complete and is qualified in its entirety by reference to the full text of the
Letter Agreement, which is attached as Exhibit 10.1 to this Current Report on
Form 8-K and incorporated herein by reference.
A copy of the Letter Agreement is attached hereto as Exhibit 10.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
10.1 Letter Agreement dated January 10, 2023.
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document)
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