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ADTM > SEC Filings for ADTM > Form 8-K on 24-Apr-2014All Recent SEC Filings

Show all filings for ADAPTIVE MEDIAS, INC.

Form 8-K for ADAPTIVE MEDIAS, INC.


24-Apr-2014

Entry into a Material Definitive Agreement, Financial Statements and Exhibi


Item 1.01 Entry into a Material Definitive Agreement.

On February 12, 2014, Adaptive Medias, Inc. (the "Company") entered into a Management Consulting and Technology License Agreement (the "Agreement") with OneScreen, Inc. ("OneScreen"). The Agreement provided, among other things, that the Company would provide certain management services and non-exclusively license the intellectual property of the Company's wholly owned subsidiary, Ember, Inc., to OneScreen in exchange for an 80% share of OneScreen's net revenue. The Agreement was retroactive to December 1, 2013 and extended through March 31, 2014 with unlimited automatic one-month renewals thereafter. On April 23, 2014, OneScreen and the Company entered into an amendment to the Agreement (the "Amendment") which provided that the monthly amount payable by OneScreen to the Company thereunder was and shall be the greater of (i) 80% of all monthly net revenue of OneScreen or (ii) $50,000.00.

The foregoing text of this Item 1.01 is qualified in its entirety by the Amendment, attached hereto as Exhibit 99.1. The terms of the Amendment are incorporated by reference herein.



Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

The following exhibits are furnished as part of this Form 8-K:

Exhibit 99.1 Amendment to Management Consulting and Technology License Agreement dated April 23, 2014

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