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May 27, 2015 12:01 PM ET

Company Overview of Twin Cities Power, L.L.C.

Company Overview

Twin Cities Power, L.L.C. was founded in 2011 and is based in Lakeville, Minnesota. The company operates as a subsidiary of Twin Cities Power Holdings, LLC.

16233 Kenyon Avenue

Suite 210

Lakeville, MN 55044

United States

Founded in 2011

Phone:

952-431-0404

Key Executives for Twin Cities Power, L.L.C.

Chief Executive Officer
Age: 48
Compensation as of Fiscal Year 2014.

Twin Cities Power, L.L.C. Key Developments

Twin Cities Power, L.L.C. Announces Extension of $400,000 Promissory Note Maturity Date to December 31, 2013

As previously disclosed by Twin Cities Power Holdings, LLC (the 'company'), on April 8, 2011, Twin Cities Power, LLC ("TCP"), a wholly-owned subsidiary of the Company, executed a Promissory Note in favor of John O. Hanson in the principal amount of $400,000. On or around December 10, 2012, TCP and Mr. Hanson executed a Promissory Note Extension, pursuant to which Mr. Hanson agreed to extend the term of the Note from its previous maturity date of December 31, 2012 to June 30, 2013. On June 13, 2013, TCP and Mr. Hanson agreed to further extend the term of the Note to mature on December 31, 2013 or upon Mr. Hanson's earlier demand. The outstanding balance of the Note is $200,000, and the remaining terms of the Note shall remain the same, with TCP paying interest on such outstanding balance at a rate of twenty (20%) per annum.

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