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MARK > SEC Filings for MARK > Form 8-K on 23-Apr-2014All Recent SEC Filings

Show all filings for REMARK MEDIA, INC.



Entry into a Material Definitive Agreement, Other Events, Financial Statements

Item 1.01. Entry into a Material Definitive Agreement.

On April 16, 2014, Remark Media, Inc. (the "Company") and Bombo Sports & Entertainment, LLC ("BSE") entered into an amendment (the "Amendment") to that certain Loan Agreement, dated February 11, 2014 (the "Loan Agreement"), by and between the Company and BSE, pursuant to which the Company loaned BSE $1 million. Pursuant to the Amendment, the Company increased the amount of the loan to up to $1.35 million, of which $1.2 million already has been loaned to BSE.

The foregoing description of the Amendment is not complete and is qualified in its entirety by reference to the full text of the Amendment, which is filed herewith as Exhibit 10.1 and incorporated herein by reference.

Item 8.01. Other Events.

The Company and BSE continue to negotiate a proposed acquisition of BSE by the Company, which negotiations were publicly disclosed in the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on February 18, 2014. The Company and BSE have not entered into any binding agreements with respect to such transaction to date and the Company cannot provide any assurances that it will be able to complete such transaction.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit No. Description

10.1        Amendment to Loan Agreement, dated April 16, 2014,
            by and between Remark Media, Inc. and Bombo Sports &
            Entertainment, LLC.

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