Search the web
Welcome, Guest
[Sign Out, My Account]
EDGAR_Online

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
TTTM > SEC Filings for TTTM > Form 8-K on 29-Oct-2012All Recent SEC Filings

Show all filings for T3 MOTION, INC.

Form 8-K for T3 MOTION, INC.


29-Oct-2012

Entry into a Material Definitive Agreement, Creation of a Direct Financial Obliga


Item 1.01 Entry into a Material Definitive Agreement.

The following discussion provides only a brief description of the applicable documents described below. The discussion is qualified in its entirety by the full text of the respective transaction documents attached to this Current Report on Form 8-K as exhibits 10.1 through 10.3.

Note and Security Agreement

On October 23, 2012, T3 Motion, Inc. (the "Company") entered into a Securities Purchase Agreement (the "Purchase Agreement") with an accredited investor ("Investor"). In connection with the Purchase Agreement, the Company and the Investor also entered into a Secured Promissory Note Agreement (the "Note") and a Security Agreement. Pursuant to the terms and subject to the conditions set forth in the Purchase Agreement, the Investor provided a senior secured bridge loan to the Company in the aggregate principal amount of $150,000 (the "Loan"). Pursuant to the terms of the Security Agreement, the Loan is secured by all assets of the Company. The Investor delivered net proceeds to the Company in the amount of $150,000. The Note is due On November 2, 2012.

Copies of the Note, the Purchase Agreement and the Security Agreement are filed as Exhibits 10.1 through 10.3 respectively, to this Form 8-K and are incorporated herein by reference. The descriptions of the material terms of the Note, the Purchase Agreement, and the Security Agreement are qualified in their entirety by reference to such exhibits.



Item 2.03. Creation of a Direct Financial Obligation

As described more fully under Item 1.01, pursuant to the terms and subject to the conditions set forth in the Purchase Agreement, the Investor provided a senior secured bridge loan to the Company on October 23, 2012 in the amount of $150,000. This loan is secured by all assets of the Company and is due on November 2, 2012.



Item 9.01. Financial Statements and Exhibits.

(d) Exhibits:

No. Description

10.1 Secured Promissory Note Agreement dated October 23, 2012.

10.2 Securities Purchase Agreement dated October 23, 2012.

10.3 Security Agreement dated October 23, 2012.

  Add TTTM to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for TTTM - All Recent SEC Filings
Copyright © 2014 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.