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TWIN CITIES POWER HOLDINGS, LLC FILES (8-K) Disclosing Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits

May 28, 2014



Item 1.01. Entry into a Material Definitive Agreement

On May 12, 2014, Twin Cities Power Holdings, LLC (the "Company") entered into a banking relationship with Royal Bank of Canada ("RBC"), through its RBC Wealth Management Banking segment, wherein RBC has agreed to provide the Company with an uncommitted line of credit collateralized by the Company's investment account in the amount of $700,000 (the "Facility"). The interest rate on the Facility is 2.40%, and availability of funds may be increased or decreased by RBC in its sole and absolute discretion. RBC is not committed or otherwise obligated to make any extensions of credit under the Facility, and repayment of principal under the Facility may subject the Company to break funding costs.

The foregoing description of the Facility is qualified in its entirety by reference to the full text of the Facility, which is attached to this Current Report on Form 8-K as Exhibit 10.1 and is incorporated herein by reference.

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

The information set forth under Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits 10.1 Loan Confirmation from Royal Bank of Canada to Twin Cities PowerHoldings, LLC, dated May 12, 2014, and related correspondence. 2


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Source: Edgar Glimpses


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