-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, IcEniLqKvQQTjGl41agIe2GeEGDwzWD+XgtdhxZwppS9IdhDuqw4l3DQGBYGA1Ww EPakZ/mXvbqpd+UCzX9jIg== 0001140361-10-042313.txt : 20101027 0001140361-10-042313.hdr.sgml : 20101027 20101026173957 ACCESSION NUMBER: 0001140361-10-042313 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20101020 ITEM INFORMATION: Termination of a Material Definitive Agreement FILED AS OF DATE: 20101027 DATE AS OF CHANGE: 20101026 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EnergyConnect Group Inc CENTRAL INDEX KEY: 0000944947 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRICAL WORK [1731] IRS NUMBER: 930935149 STATE OF INCORPORATION: OR FISCAL YEAR END: 0102 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-26226 FILM NUMBER: 101143072 BUSINESS ADDRESS: STREET 1: 5335 SW MEADOWS ROAD STREET 2: SUITE 325 CITY: LAKE OSWEGO STATE: OR ZIP: 97035 BUSINESS PHONE: 8664887642 MAIL ADDRESS: STREET 1: 5335 SW MEADOWS ROAD STREET 2: SUITE 325 CITY: LAKE OSWEGO STATE: OR ZIP: 97035 FORMER COMPANY: FORMER CONFORMED NAME: MICROFIELD GROUP INC DATE OF NAME CHANGE: 20030519 FORMER COMPANY: FORMER CONFORMED NAME: MICROFIELD GRAPHICS INC /OR DATE OF NAME CHANGE: 19950504 8-K 1 form8-k.htm ENERGYCONNECT GROUP, INC. 8-K 10-20-2010 form8-k.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
 
 
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported):  October 20, 2010

EnergyConnect Group, Inc.
 
(Exact name of Company as specified in its charter)
 
 
(Commission File Number)


Oregon
  
93-0935149
(State or Other Jurisdiction of Incorporation)
  
(I.R.S. Employer Identification No.)
 
901 Campisi Way, Suite 260
Campbell, CA 95008
(Address of principal executive offices, with zip code)

 
(408) 370-3311
(Company’s telephone number, including area code) 
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Company under any of the following provisions:

¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 
 
 
Item 1.02 
Termination of a Material Definitive Agreement.

On October 20, 2010, EnergyConnect Group, Inc. (the "Company") and Aequitas Commercial Finance, LLC (“Aequitas”) terminated the Business Loan Agreement and the Commercial Security Agreement between the parties dated February 26, 2009 (collectively the “Loan Agreements”), following Aequitas’ election to convert, effective September 8, 2010, the outstanding balance in the aggregate amount totaling $3,307,279.96 under the Loan Agreements, as evidenced by that certain Convertible Secured Promissory Note dated February 26, 2009, as amended, into 36,504,180 shares of the Company’s common stock based upon the conversion price of $0.0906 per share.
 
 
 
 
 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
Date: October 26, 2010 ENERGYCONNECT GROUP, INC.  
       
 
By:
/s/ Kevin R. Evans  
  Name: Kevin R. Evans  
  Title:  President and Chief Executive Officer  
 
 
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