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IVVIE.OB > SEC Filings for IVVIE.OB > Form 8-K on 17-Sep-2009All Recent SEC Filings

Show all filings for IVIVI TECHNOLOGIES, INC. | Request a Trial to NEW EDGAR Online Pro

Form 8-K for IVIVI TECHNOLOGIES, INC.


17-Sep-2009

Entry into a Material Definitive Agreement


ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.

As previously reported, Ivivi Technologies, Inc. (the "Company") entered into a Forbearance Agreement dated August 31, 2009 (the "Forbearance Agreement") with Emigrant Capital Corp. (the "Lender"). Pursuant to the terms of the Forbearance Agreement, the Lender agreed to forbear, through September 14, 2009 (unless a termination event occurs under the Forbearance Agreement), from requiring the Company to repay the principal and interest due under the Convertible Promissory Note (the "Note") in the principal amount of $2.5 million. On September 14, 2009, the Company and the Lender amended the terms of the Forbearance Agreement to extend the forbearance period through September 16, 2009 and on September 16, 2009, the Company and the Lender amended the terms of the Forbearance Agreement to further extend the forbearance period through September 21, 2009. Other than the aforementioned changes in the forbearance period, there were no other amendments or changes to the Forbearance Agreement.

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