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PURE > SEC Filings for PURE > Form 8-K on 31-Dec-2013All Recent SEC Filings

Show all filings for PURE BIOSCIENCE, INC.



Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement.

PURE Bioscience, Inc. (the "Company") announced that it has entered into a promissory note payoff agreement (the "Payoff Agreement") with Morrison & Foerster LLP ("Morrison"). Under the Payoff Agreement, the Company paid $500,000 to Morrison to extinguish $1,125,000 in unsecured debt owed to Morrison under a promissory note, dated January 25, 2013 (the "Note"). The Company has no further obligations or liability under the Note. The financial impact of the Payoff Agreement will be reflected in the Company's quarterly period ended January 31, 2014.

The foregoing description of the Payoff Agreement does not purport to be complete and is qualified in its entirety by the terms and conditions of the Payoff Agreement, a copy of which will be filed with the Company's Quarterly Report on Form 10-Q for the period ending on January 31, 2014.

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