What changed in this filing

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Item 1. Legal Proceedings

2015-11-12 compared with 2015-08-13 · 39 added, 18 removed, 1 unchanged (98% of the section changed)

Legal Proceedings.

Anthony Maher brought suit against PCS in January

of 2014, claiming breach of an employment contract, interference with economic expectancy, and fraud.

A settlement was agreed

in exchange for dismissal of the suit, and release of PCS from any liability to Mr.

Maher for any and all claims related to Mr.

Maher’s employment contract with PCS, PCS issued Mr.

Maher 400,000 shares of the common stock of PCS, and paid him $50,000.

PCS does not admit the allegations or any other wrongdoing, but would rather settle the matter for a modest amount costing the

Company $10,000 after insurance settlement and $2,650 in mediation fees, to avoid the expense of defending it in court.

settlement agreement was executed on July 9, 2014.

On 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 been driving an automobile negligently while

on work related services for the Company, and causing damages to the plaintiffs in the action.

The Company has engaged legal

counsel to represent it in this matter, and it is not presently in a position to determine what, if any, liability it may have

for the actions of its employee, or even whether such employee was negligence in any manner.

The Company also believes that

it has adequate insurance coverage for its legal representation and any potential liability.

13, 2015, PCS filed a Summons and Complaint against Ty Jacobsen (Ada County Case No.

CV OC 1517581) in the Idaho Fourth Judicial

District Court.

parties to the suit are PCS Edventures!,com Inc .,

plaintiff, v.

Ty Jacobsen d/b/a Jacobsen Enterprises, defendant.

Our claims primarily involve defamation, breach of contract and

injunctive relief.

Through the Complaint, PCS

alleges Jacobsen

violated the terms of his Consulting Agreement, which included a non-disparagement agreement, by publishing false and defamatory

material in a Facebook forum and on his Tweeter feed, along with making defamatory statements to other PCS investors or potential

Complaint, PCS seeks both injunctive relief enjoining Jacobsen from further defamation, and damages for previous defamatory statements

and violation of the Consulting Agreement .

Unregistered Sale of Equity Securities and Use of Proceeds.

Security issuances occurred during the quarter ended September

Name of Person or

Consideration

**Consultants

**Convertible Promissory Note Holders

* Former Employee:

ISO Stock Options

* Issued as “restricted”

under the 2009 Equity Incentive Plan;

however, the shares issuable thereunder are registered on Form S-8 of the SEC.

** We issued these securities to persons who were either “accredited

investors”

or “sophisticated investors”

as those terms are respectively defined in Rules 501 and 506 of the

and each person had prior access to all material information about us.

We believe that the offer and sale of these securities

was exempt from the registration requirements of the Securities Act pursuant to Sections 4(2) and 4(6) thereof, and Rule 506 of

Regulation D of the SEC.

Section 18 of the Securities Act preempts state registration requirements for sales to these classes

of persons, save for compliance with state notice and fee requirements, as may be applicable.

Defaults Upon Senior Securities.

not applicable.

Mine Safety Disclosures

not applicable.

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.

What changed 10-Q

Item 1. Legal Proceedings