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MCET > SEC Filings for MCET > Form 8-K on 28-Feb-2014All Recent SEC Filings




Entry into a Material Definitive Agreement, Financial Statements and

Item 1.01 Entry into a Material Definitive Agreement.

On February 20, 2014, MultiCell Technologies, Inc. (the "Company") entered into an addendum to the 4.75% convertible debenture, as previously amended (the "Debenture"), by and between the Company and La Jolla Cove Investors, Inc. ("LJCI") dated February 28, 2007, with a principal amount of $100,000, and the warrant (the "Warrant") to purchase up to 10 million shares of the Company's common stock at a strike price of $1.09 per share, held by LJCI. The amendment extends both the maturity date of the Debenture and the expiration date of the Warrant from February 28, 2014 to February 28, 2016.

The foregoing description of the addendum and related agreements does not purport to be complete and is qualified in its entirety by reference to the full text of the addendum, a copy of which is attached hereto as Exhibit 10.1 to this Current Report on Form 8-K, and the full texts of the Debenture, as amended, the Warrant, which were filed as Exhibits 10.8 and 10.9, respectively, to an Amendment No. 1 to a Current Report on Form 8-K filed on March 7, 2007 and the Addendum 1 to Convertible Debenture and Equity Investment Agreement which was filed as Exhibit 10.1 to a Current Report on Form 8-K filed on August 19, 2011. Each of the foregoing exhibits is hereby incorporated by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.                              Description

10.1         Addendum 2 to Convertible Debenture and Equity Investment Agreement,
             by and between MultiCell Technologies, Inc. and La Jolla Cove
             Investors, dated as of February 20, 2014.

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