Legal Proceedings.
−Removed: 13, 2015, PCS filed a Summons and Complaint against Ty Jacobsen (Ada County Case No.
−Removed: CV OC 1517581) in the Idaho Fourth Judicial
−Removed: District Court.
−Removed: parties to the suit are PCS Edventures!,com Inc., plaintiff, v.
−Removed: Ty Jacobsen d/b/a Jacobsen Enterprises, defendant.
−Removed: primarily involve defamation, breach of contract and injunctive relief.
−Removed: Through the Complaint, PCS alleges Jacobsen violated the
−Removed: terms of his Consulting Agreement, which included a non-disparagement agreement, by publishing false and defamatory material in
−Removed: a Facebook forum and on his Twitter feed, along with making defamatory statements to other PCS investors or potential investors.
−Removed: the Complaint, PCS seeks both injunctive relief enjoining Jacobsen from further defamation, and damages for previous defamatory
−Removed: statements and violation of the Consulting Agreement.
−Removed: Recent Sale of Unregistered Securities.
−Removed: issuances occurred during the quarter ended December 31, 2015.
−Removed: Name of Person or Group
−Removed: Consideration
−Removed: *Board of Directors
−Removed: Issued as “Restricted Securities”
−Removed: under our 2009 Equity Incentive Plan;
−Removed: the shares issuable thereunder are registered
−Removed: on Form S-8 of the SEC.
−Removed: Defaults Upon Senior Securities.
−Removed: not applicable.
−Removed: Mine Safety Disclosures
−Removed: not applicable.
+Added: or about May 18, 2015, the Company was named as a co-defendant in a legal action related to one of its employees, alleged to have
+Added: been driving an automobile negligently while on work related services for the Company, and causing damages to the plaintiffs in
+Added: The action was brought in the District Court of the Fourth Judicial District of the State of Idaho, in and for the
+Added: County of Ada, Civil Action number CV PI 1507419.
+Added: The insurance carrier has indicated the claim would not be supported if the
+Added: employee was not on company business.
+Added: The Company has engaged legal counsel to represent it in this matter.
+Added: October 13, 2015, the Company filed a Summons and Complaint against Ty Jacobsen, dba Jacobsen Enterprises.
+Added: The complaint primarily
+Added: involved defamation and breach of contract.
+Added: The Complaint is un-resolved at this time and the Company is in negotiations with
+Added: Risk Factors.
+Added: Company is a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934, as amended (the “Exchange
+Added: Act”), and is not required to provide the information required under this item.
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.