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TIGR > SEC Filings for TIGR > Form 8-K on 15-Jan-2014All Recent SEC Filings

Show all filings for TIGERLOGIC CORP



Entry into a Material Definitive Agreement, Financial Statements and Exhibits

Item 1.01 Entry into a Material Definitive Agreement.

On January 10, 2014, TigerLogic Corporation, a Delaware corporation (the "Company"), entered into a Rights Assignment and Release Agreement (the "Agreement") with Peter Yared, a former consultant to the Company. Pursuant to the terms of the Agreement, Mr. Yared confirmed the assignment to the Company of any and all rights in and to the Company's Postano platform and associated inventions and intellectual property rights, as well as the termination of any other obligations of the Company to Mr. Yared under any prior consulting agreements or other arrangements. In exchange for this confirmation and release of any claims, the Company agreed to pay Mr. Yared a flat fee in the amount of $1,000,000, payable in four equal installments on each of January 15, April 15, July 15 and October 15, 2014. The foregoing description does not purport to be complete and is qualified in its entirety by reference to the full text of the Agreement, a copy of which is filed as Exhibit 10.15 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit Number Description of Document
10.15 Rights Assignment and Release Agreement dated January 10, 2014.*

*Schedules omitted pursuant to Item 601(b)(2) of Regulation S-K. The Company agrees to furnish a supplemental copy of an omitted schedule to the SEC upon request.

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