Item 5. Other Information
ITEM 5. Other Information.
On May 10, 2024, we amended convertible notes held by three of our directors. A June 19, 2019 note with a principal balance of $25,000 and a September 13, 2019 with a principal balance of $50,000, both held by Lewis Titterton, were amended to extend the maturity dates to March 15, 2026, reduce the interest rate from 8% to 5% and to replace the quarterly interest payments with a single payment of unpaid, accrued interest at the earlier of conversion or maturity of the notes. Additional convertible notes with an aggregate principal balance of $475,000 were also amended to replace the quarterly interest payment dates with a single payment of unpaid, accrued interest at the earlier of conversion or maturity of the notes. These additional amended notes include a $50,000 convertible note dated January 8, 2020 and a $200,000 convertible note dated May 10, 2022, both held by Lewis Titterton, a $100,000 convertible note dated May 10, 2022 and a $100,000 convertible note dated September 15, 2023, both held by Paul Rosenbaum, and a $25,000 convertible note dated August 3, 2022 held by Sanford Litvak. All other terms of the convertible promissory notes remain unchanged. The foregoing summaries of the Convertible Note Amendments are qualified in their entirety by reference to the full text of the agreements, which are attached as part of Exhibits 10.1 through 10.7 hereto and are incorporated herein by reference.
The foregoing information is furnished in response to Item 1.01 and 2.03 of Form 8 -K and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any disclosure document of the Registrant, except as shall be expressly set forth by specific instructions in such document.
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ITEM 6. Exhibits.
Exhibit
Number
Description of Exhibit
10.1
Amendment to Convertible Note dated June 19, 2019 between Registrant and Lewis Titterton *
10.2
Amendment to Convertible Note dated September 13, 2019 between Registrant and Lewis Titterton *
10.3
Amendment to Convertible Note dated January 8, 2020 between Registrant and Lewis Titterton *
10.4
Amendment to Convertible Note dated May 10, 2022 between Registrant and Lewis Titterton *
10.5
Amendment to Convertible Note dated May 10, 2022 between Registrant and Paul Rosenbaum *
10.6
Amendment to Convertible Note dated September 15, 2023 between Registrant and Paul Rosenbaum *
10.7
Amendment to Convertible Note dated August 3, 2022 between Registrant and Sanford Litvack *
31.1
Section 302 Certification of Jeffrey L. Parker, CEO *
31.2
Section 302 Certification of Cynthia L. French, CFO *
32.1
Section 906 Certification **
101.INS
Inline XBRL Instance Document*
101.SCH
Inline XBRL Taxonomy Extension Schema*
101.CAL
Inline XBRL Taxonomy Extension Calculation Linkbase*
101.DEF
Inline XBRL Taxonomy Extension Definition Linkbase*
101.LAB
Inline XBRL Taxonomy Extension Label Linkbase*
101.PRE
Inline XBRL Taxonomy Extension Presentation Linkbase*
104
Inline XBRL for the cover page of this Quarterly Report on Form 10-Q, included in the Exhibit 101 Inline XBRL Document Set
* Filed herewith
** Furnished herewith
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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.
ParkerVision, Inc.
Registrant
May 14, 2024
By:
/s/Jeffrey L. Parker
Jeffrey L. Parker
Chairman and Chief Executive Officer
(Principal Executive Officer)
May 14, 2024
By:
/s/Cynthia L. French
Cynthia L. French
Chief Financial Officer
(Principal Financial Officer and Principal
Accounting Officer)
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