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RCON > SEC Filings for RCON > Form 8-K on 29-Nov-2013All Recent SEC Filings

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Entry into a Material Definitive Agreement, Financial Statements and Exhibi

Item 1.01 Entry into a Material Definitive Agreement.

On November 29, 2013, Recon Technology, Ltd. (the "Company') and certain institutional investors entered into an Amendment and Release Agreement (the "Amendment and Release") to amend the securities purchase agreement dated November 25, 2013 (the "Original Purchase Agreement", collectively with the Amendment and Release, the "SPA") in connection with its Offering of an aggregate of 546,500 ordinary shares and warrants to initially purchase an aggregate of 163,950 ordinary shares. No securities were sold pursuant to the Original Purchase Agreement.

Capitalized terms used in this Report that are not otherwise defined have the meanings set forth in the Company's Current Report on Form 8-K filed on November 25, 2013.

Pursuant to the Amendment and Release, the purchase price of the ordinary share and warrants was reduced from $4.81 to to $4.30, and the initial exercise price of the warrants was reduced from $6.01 per ordinary share to $5.38 per ordinary share and the parties agreed to release the other party from claims set forth in the Amendment and Release.

The foregoing summaries of the terms of the Amendment and Release is subject to, and qualified in their entirety by such document attached hereto as Exhibits 10.1, which is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

5.1 Opinion of Campbells, Grand Cayman, Cayman Islands,

10.1 Amendment and Release Agreement dated November 29, 2013, by and between the Company and the Investors.

Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.


/s/ Liu Jia
Liu Jia
Chief Financial Officer

(Principal Financial and Accounting Officer)

Dated: November 29, 2013

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