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Quotes & Info
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| NHLD.OB > SEC Filings for NHLD.OB > Form 8-K on 15-Sep-2009 | All Recent SEC Filings |
15-Sep-2009
Entry into a Material Definitive Agreement, Unregistered Sale of Equity Se
Forbearance Agreements
On February 25, 2009, we entered into a forbearance agreement, as amended, with Bedford Oak Partners, L.P. ("Bedford Oak"), as previously reported on our Current Reports on Form 8-K, as filed with the SEC on March 2, 2009 and May 6, 2009 and in our Quarterly Report on Form 10-Q, as filed with the SEC on May 15, 2009. On September 9, 2009, in consideration for entering into the foregoing agreements, the Company agreed to issue Bedford Oak a five-year warrant to purchase 12,500 shares of the Company's common stock at $0.75 per share.
On February 25, 2009, the Company entered into a forbearance agreement, as amended, with Christopher C. Dewey, as previously reported on our Current Reports on Form 8-K, as filed with the SEC on March 2, 2009, May 6, 2009 and May 29, 2009 and in our Quarterly Report on Form 10-Q, as filed with the SEC on May 15, 2009. On September 9, 2009, in consideration for entering into the foregoing agreements, the Company agreed to (i) reduce the exercise price of his warrant to purchase 125,000 shares of the Company's common stock from $1.00 to $0.75 per share and (ii) to issue Mr. Dewey a five-year warrant to purchase 100,000 shares of the Company's common stock at $0.75 per share.
Christopher Dewey is a member of the Company's board of directors.
The information set forth in Item 1.01 hereof is incorporated herein by reference.
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