Other Information
−Removed: The disclosure set
−Removed: forth below is provided in lieu of a separate Form 8-K filing.
−Removed: On August 8, 2012, Bruce Lucas, a member of our Board of Directors,
−Removed: notified us that he was resigning from our Board of Directors effective immediately.
−Removed: On August 9, 2012, Charlie Pope, the Chairman of our Board of Directors, notified us that he was resigning from our Board of Directors effective immediately.
−Removed: Each director confirmed that his resignation was not a result of any disagreement with us with respect to our policies, operations or practices.
−Removed: The following exhibits are
−Removed: filed with this report on Form 10-Q:
−Removed: Form of Series A Warrant.
+Added: On October 22, 2012, Gators Lender, LLC agreed to extend the maturity date on the $1.25 million that would otherwise be due on that date until October 22, 2015.
+Added: As an inducement to extend the maturity
+Added: date of such indebtedness, we agreed to repay (i) $250,000 of such amount on or before November 21, 2012, (ii) an additional $250,000 of such amount on or before October 22, 2013 and (iii) the final $750,000 of such amount on or before
+Added: October 22, 2015.
+Added: We also agreed to issue Gators Lender, LLC (i) warrants to purchase up to 150,000 shares of our common stock as soon as practicable subsequent to October 22, 2012;
+Added: (ii) warrants to purchase up to 75,000 shares of our common
+Added: stock if our indebtedness to Gators Lender, LLC has not been repaid in full by October 22, 2013 and (iii) warrants to purchase up to an additional 75,000 shares of our common stock if our indebtedness to Gators Lender, LLC has not been repaid
+Added: in full by October 22, 2014.
+Added: The interest rate payable on such indebtedness will remain unchanged at 8.0% per year and there is no penalty if we pre-pay the indebtedness prior to the scheduled repayments dates set forth above.
+Added: We and Gators Lender,
+Added: LLC are in the process of documenting the above-described agreement.
+Added: The following exhibits are filed with this report on Form 10-Q:
+Added: Form of Series A Warrants.
(Incorporated by reference to Exhibit 4.1 to Form 8-K filed on June 26, 2012.)
+Added: Series B Warrant.
+Added: (Incorporated by reference to Exhibit 4.1 to Form 8-K filed on September 14, 2012.)
Securities Purchase Agreement by and among Innovaro, Inc.
and Mark Berset and Bruce Lucas dated as of June 20, 2012.
+Added: (Incorporated by reference to Exhibit 10.1 to Form 8-K
+Added: filed on June 26, 2012.)
+Added: Asset Purchase Agreement between Innovaro, Inc., Innovaro Europe, Ltd.
+Added: and IP Technology Exchange, Inc.
+Added: dated September 12, 2012.
+Added: (Incorporated by reference to Exhibit 10.1 to
+Added: Form 8-K filed on September 14, 2012.)
+Added: Securities Purchase Agreement by and among Innovaro, Inc.
+Added: and JJJ Family LLLP dated as of September 27, 2012.
+Added: (Incorporated by reference to Exhibit 10.1 to Form 8-K filed on
+Added: October 3, 2012.)
+Added: Asset Purchase Agreement between Innovaro, Inc., Strategos, Inc., Gary Getz and Ian Pallister dated October 2, 2012.
(Incorporated by reference to Exhibit 10.1 to Form 8-K filed
−Removed: on June 26, 2012.)
+Added: on October 12, 2012.)
+Added: Form of Separation and Release Agreement.
+Added: (Incorporated by reference to Exhibit 10.2 to Form 8-K filed on October 12, 2012.)
+Added: Technology License Agreement between Innovaro, Inc.
+Added: and Strategos, Inc.
+Added: (Incorporated by reference to Exhibit 10.3 to Form 8-K filed on October 12, 2012.)
Certification of the Chief Executive Officer pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934.
16 unchanged sentences
INNOVARO, INC.
−Removed: August 14, 2012
+Added: November 14, 2012
/s/ Asa Lanum
Chief Executive Officer
−Removed: August 14, 2012
+Added: November 14, 2012
/s/ Carole R.
2 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.