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DCIN > SEC Filings for DCIN > Form 8-K on 12-Nov-2013All Recent SEC Filings

Show all filings for DIGITAL CINEMA DESTINATIONS CORP. | Request a Trial to NEW EDGAR Online Pro



Entry into a Material Definitive Agreement, Financial Statement

Item 1.01. Entry Into a Material Definitive Agreement

On November 7, 2013, an asset purchase agreement was executed for the purchase by a wholly-owned limited liability company subsidiary of the Company to acquire a10 screen movie theater in Londonderry, New Hampshire (Boston DMA 7) from Eastern Shores, Inc. for an anticipated purchase price of approximately $2.5 million in cash. The buyer will enter into a new 10-year lease for the theater, with renewal options.

The closing is subject to the satisfaction of certain conditions and is expected to occur prior to February 14, 2014.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

2.17 Asset Purchase Agreement, dated as of November 7, 2013, by and among DC Londonderry Cinema, LLC, Eastern Shores, Inc., Daniel C. O'Neil, Daniel R. O'Neil and Timothy O'Neil.

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