Item 5. Other Information
ITEM 5. Other Information
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. As an inducement to extend the maturity
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
October 22, 2015. 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; (ii) warrants to purchase up to 75,000 shares of our common
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
in full by October 22, 2014. 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. We and Gators Lender,
LLC are in the process of documenting the above-described agreement.
ITEM 6. Exhibits
The following exhibits are filed with this report on Form 10-Q:
4.1
Form of Series A Warrants. (Incorporated by reference to Exhibit 4.1 to Form 8-K filed on June 26, 2012.)
4.2
Series B Warrant. (Incorporated by reference to Exhibit 4.1 to Form 8-K filed on September 14, 2012.)
10.1
Securities Purchase Agreement by and among Innovaro, Inc. and Mark Berset and Bruce Lucas dated as of June 20, 2012. (Incorporated by reference to Exhibit 10.1 to Form 8-K
filed on June 26, 2012.)
10.2
Asset Purchase Agreement between Innovaro, Inc., Innovaro Europe, Ltd. and IP Technology Exchange, Inc. dated September 12, 2012. (Incorporated by reference to Exhibit 10.1 to
Form 8-K filed on September 14, 2012.)
10.3
Securities Purchase Agreement by and among Innovaro, Inc. and JJJ Family LLLP dated as of September 27, 2012. (Incorporated by reference to Exhibit 10.1 to Form 8-K filed on
October 3, 2012.)
10.4
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
on October 12, 2012.)
10.5
Form of Separation and Release Agreement. (Incorporated by reference to Exhibit 10.2 to Form 8-K filed on October 12, 2012.)
10.6
Technology License Agreement between Innovaro, Inc. and Strategos, Inc. (Incorporated by reference to Exhibit 10.3 to Form 8-K filed on October 12, 2012.)
31.1
Certification of the Chief Executive Officer pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934.
31.2
Certification of the Chief Financial Officer pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934.
32.1
Certification of the Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350.
32.2
Certification of the Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350.
101.INS*
XBRL Instance Document
101.SCH*
XBRL Taxonomy Extension Schema
101.CAL*
XBRL Taxonomy Extension Calculation Linkbase
101.DEF*
XBRL Taxonomy Extension Definition Linkbase
101.LAB*
XBRL Taxonomy Extension Label Linkbase
101.PRE*
XBRL Taxonomy Extension Presentation Linkbase
*
Pursuant to Rule 406T of Regulation S-T, these interactive data files are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11
or 12 of the Securities Act of 1933 or Section 18 of the Securities Exchange Act of 1934 and otherwise are not subject to liability.
Page 24 of 29
Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
INNOVARO, INC.
(Registrant)
Date: November 14, 2012
/s/ Asa Lanum
Asa Lanum
Chief Executive Officer
Date: November 14, 2012
/s/ Carole R. Wright
Carole R. Wright, CPA
Chief Financial Officer
Page 25 of 29
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.