Omtammot LLC filed third amended joint plan of reorganization for Industrial Enterprises of America, Inc. and its subsidiaries in the US Bankruptcy Court on March 20, 2013. Under the plan, there were no quantifiable changes. Omtammot LLC filed third amended joint plan of reorganization for Industrial Enterprises of America, Inc. and its subsidiaries in the US Bankruptcy Court on March 20, 2013.

Under the plan, there were no quantifiable changes. Omtammot LLC filed supplement to second amended plan of reorganization for Industrial Enterprises of America, Inc. and its subsidiaries in the US Bankruptcy Court on April 18, 2013. As per the filing, Omtammot, LLC will provide an exit financing of $1 million to the reorganized debtor.

The financing will carry interest of prime plus 3% and will mature in three years after the effective date.