Item 2.01 Completion of Acquisition or Disposition of Assets
The disclosures set forth in Item 1.01 are hereby incorporated by reference into this Item 2.01.
The foregoing does not constitute a complete summary of the terms of the transactions contemplated thereby, and reference is made to the disclosures contained in Item 1.01 hereof and the complete text of the Purchase Agreement filed as Exhibit 10.1 to this Current Report on Form 8-K, which are incorporated by reference herein.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of Registrant
The disclosures set forth in Item 1.01 are hereby incorporated by reference into this Item 2.03.
In connection with the sale of the assets of the Companies, as described under
Item 1.01 of this Current Report on Form 8-K, the Registrant and certain of its
subsidiaries (Renovare Companies) entered into an Assumption Agreement dated as
of
The foregoing does not constitute a complete summary of the terms of the transactions contemplated thereby, and reference is made to the disclosures contained in Item 1.01 hereof and the complete text of the Assumption Agreement filed as Exhibit 10.2, the Guarantee Agreement filed as Exhibit 10.3 and the Security Agreement files as Exhibit 10.4 to this Current Report on Form 8-K, which are incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
See Exhibit Index below, which is incorporated by reference below.
Exhibit No. Description 10.1 Asset Purchase Agreement, dated as ofDecember 30, 2022 , by and among TraQiQ, Inc.,Renovare Environmental, Inc. andBioHiTech America, LLC 10.2 Assumption Agreement, datedDecember 30, 2022 , by and among, TraQiQ, Inc. andMichaelson Capital Special Purpose Finance Fund II, L.P. acknowledged and agreed to byRenovare Environmental, Inc. and certain wholly owned subsidiaries 10.3 Guaranty and Suretyship Agreement, datedDecember 30, 2022 , by and amongRenovare Environmental, Inc. and certain wholly owned subsidiaries andMichaelson Capital Special Finance Funds II, L.P. 10.4 Amended and Restated Security Agreement, datedDecember 30, 2022 , by and amongRenovare Environmental, Inc. and certain wholly owned subsidiaries andMichaelson Capital Special Finance Funds II, L.P. 104 Cover Page Interactive Data File (Embedded within the Inline XBRL document and included in Exhibit)
© Edgar Online, source