Lime Energy again amends convertibles sold to Kiphart, Advanced Biotherapy

By Devika Patel

Knoxville, Tenn., Oct. 31 - Lime Energy Co. has amended its agreements once more with Richard Kiphart and Advanced Biotherapy, Inc. relating to the convertible line of credit notes the company sold in a private placement, according to an 8-K filed Friday with the Securities and Exchange Commission.

As previously reported, the company amended the notes for the first time in August.

Friday's amendments increased Advanced Biotherapy's commitment to $4.5 million from $1.5 million. Kiphart's note remains unchanged at $14.5 million.

The conversion price also was decreased to $4.76 per share from $7.93 per share.

Based in Elk Grove Village, Ill., Lime Energy is an energy technology and engineering company.

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