Summary of TIGERLOGIC CORP

Other Events, Change in Directors or Principal Officers, Regulation FD Disclosure

Item 8.01 Other Events.

On January 17, 2013 (the "Effective Time"), TigerLogic Corporation, a Delaware corporation ("Parent") completed its previously announced acquisition (the "Acquisition") of Storycode, Inc. (the "Company") pursuant to the terms of the Agreement and Plan of Merger, dated as of December 27, 2012 (as amended, the "Merger Agreement").

On January 17, 2013, the parties amended the Merger Agreement (i) to reflect that, at the Effective Time, the single share of Company Series A-1 Preferred Stock would convert into the right to receive $1,000 (rather than $250,000),
(ii) to reflect that, at the Effective Time, the Parent would pay a licensing fee of $249,000 to Handmark, Inc. (the holder of the share of Series A-1 Preferred Stock) and (iii) to make certain other changes. The foregoing description of the amendment does not purport to be complete and is qualified in its entirety by reference to the Amendment to Agreement and Plan of Merger (the "Amendment"), which is filed as Exhibit 10.1 to this Current Report on Form 8-K and which is incorporated herein by reference.

At the Effective Time, in accordance with the Merger Agreement, the Parent issued an aggregate of 1,698,174 shares of its common stock ("Closing Parent Shares"), substituted 820,475 options to purchase its common stock for options to purchase the Company's common stock and made cash payments in an aggregate amount of $399,200.50 (including the payments in accordance with the Amendment). An additional 444,468 shares of Parent's common stock are subject to a holdback pursuant to the terms of the Merger Agreement (the "Holdback Shares" and, together with the Closing Parent Shares, the "Parent Shares").

The Parent Shares issued or to be issued to the former holders of the Company's common stock (the "Common Holders") have not been and will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws in reliance on the exemption from the registration requirements of the Securities Act by virtue of Section 4(2) thereof and the rules and regulations promulgated thereunder based on the following factors: (i) the number of Common Holders, (ii) the absence of general solicitation, (iii) representations obtained from the Common Holders with respect to their investment experience and ability to bear economic risk, and (iv) the placement of restrictive legends on the stock certificates.

In connection with the closing of the Acquisition, the Parent entered into a Registration Rights Agreement (the "Rights Agreement") with the Common Holders. Under the terms of the Rights Agreement, the Parent agrees to include the Parent Shares in a registration of any of its securities for a period of five years from the Effective Time, subject to certain exceptions and to a one year contractual lock-up imposed on the Parent Shares. The Parent has agreed to other customary obligations regarding registration, including indemnification. The foregoing is only a brief description of the material terms of the Rights Agreement and does not purport to be a complete description of the rights and obligations of the parties thereunder. The foregoing is qualified in its entirety by reference to the Rights Agreement, which is filed as Exhibit 10.2 to this Current Report on Form 8-K and is incorporated herein by reference.

As a result of the issuance of Parent Shares in connection with the Acquisition, the Parent determined that it will no longer satisfy the "Controlled Company" exemption under the applicable rules of the Nasdaq Stock Market. Accordingly, the Parent has made changes to the composition of certain committees of its Board of Directors (the "Board"). The Board has accepted the resignation of Richard Koe from the Compensation Committee and the Nominating and Corporate Governance Committee and has appointed (i) Philip Barrett to serve as a member and Chair of the Compensation Committee and (ii) Douglas Marshall to serve as the Chair of the Nominating and Corporate Governance Committee. Mr. Koe will continue to serve as the sole member of the Stock Committee, a subcommittee of the Board to which authority had been previously delegated, subject to certain limitations, to grant equity incentive awards to rank and file employees and service providers.

In connection with the closing of the Acquisition, the Board has appointed James McDermott, the former Chief Executive Officer of the Company, as Senior Vice President, Mobile and Social of the Parent.

Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

In connection with the closing of the Acquisition, Mr. Koe's title has been modified to eliminate the "interim" references, and he will continue to serve as President and Chief Executive Officer of the Parent.

No changes have been made to Mr. Koe's compensation, other than as described below. The Compensation Committee and the Board have approved certain modifications to the employment and severance agreements of Mr. Koe and Thomas Lim, the Parent's Chief Financial Officer, mainly to address changes in applicable law and to update and standardize the forms of these agreements. Among certain other changes, the amended and restated agreements now each provides for a severance payment of six months of salary plus an additional month of salary for each year of service up to a total of twelve months of salary in the event of termination of the executive by the Parent without cause or resignation by the executive with good reason, including within twelve months following a change of control. The foregoing description of the employment and severance agreements does not purport to be complete and is qualified in its entirety by reference to the Amended and Restated Employment and Severance Agreements for Richard Koe and Thomas Lim, which are filed as Exhibits 10.3 and Exhibit 10.4, respectively, to this Current Report on Form 8-K and are incorporated herein by reference.