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SSPC > SEC Filings for SSPC > Form 8-K on 26-Mar-2013All Recent SEC Filings

Show all filings for SPENDSMART PAYMENTS CO



Entry into a Material Definitive Agreement, Financial Statements and Exhib

Item 1.01 Entry into a Material Definitive Agreement.

On March 20, 2013, The SpendSmart Payments Company (the "Company") and various investors that participated in the Company's Series B Preferred Stock offering, as well as the Company's common stock offering commenced on November 30, 2012 and concluded on December 13, 2012 (the "Offerings"), entered into an Amended and Restated Registration Rights Agreement (the "Amended RRA") relating to the registration of certain securities sold in the Offerings. Pursuant to the terms of the original Registration Rights Agreements relating to the Offerings, the holders of sixty seven percent (67%) of the securities eligible for registration consented to the Amended RRA.

Pursuant to the terms of the Amended RRA, the Company is not required to obtain the effectiveness of a registration statement within a definite time period. In addition, the Amended RRA provides that in the event a holder of a warrant sold in the Offerings elects to exercise such warrant on a cashless basis, then the Company may, at its discretion, elect to settle such shares in either registered or unregistered shares.

The description of the Amended RRA in this Item 1.01 does not purport to be complete and is qualified in its entirety by reference to the form of Amended and Restated Registration Rights Agreement filed as Exhibit 10.1 to this Current Report on Form 8-K.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Description
10.1 Form of Amended and Restated Registration Rights Agreement

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