Item 8.01 Other Events.
On March 11, 2013 Augme Technologies, Inc. ("Augme") entered into a settlement
with Pandora Media, Inc. ("Pandora"), pursuant to which Augme and Pandora have
settled all claims pending against Pandora in Civil Action No. 1:11cv00379-LPS
pending in the U.S. District Court for the District of Delaware (the "Lawsuit").
Pursuant to the settlement, (i) Augme has granted Pandora (including its
subsidiaries and corporate affiliates) a fully paid-up license under certain
patents (the "Patents") for use by Pandora in its products in exchange for a
lump sum payment of $250,000 (the "License Fee"), (ii) each party has covenanted
not to sue the other for claims related to the released matters, (iii) Augme has
agreed to dismiss the Lawsuit with prejudice upon receipt of the License Fee,
and (iv) each party released the other from all claims related to the Patents.
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