Attached files
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| EX-99.1 - EXHIBIT 99_1 - LML PAYMENT SYSTEMS INC | exh99_1.htm |
UNITED STATES SECURITIES AND
EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 8, 2010
LML PAYMENT SYSTEMS INC.
(Exact name of registrant as specified in its charter)
Yukon Territory
(State or other jurisdiction of incorporation)
0-13959
(Commission File Number)
98-0209289
IRS Employer Identification No.)
1680-1140 West Pender Street, Vancouver, BC V6E 4G1
(Address of principal executive offices and Zip Code)
(604) 689-4440
Registrant’s telephone number, including area code
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 1.01
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Entry into a Material DEfinitive Agreement.
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LML Patent Corp., an indirect wholly-owned subsidiary of LML Payment Systems Inc. (collectively, the “Registrant”), has received total payment in the amount of $5,150,000 from The Bank of New York Mellon (“BNYM”) and First National Bank of Omaha and First National Merchant Solutions, LLC (collectively, “First National”) with respect to Settlement and License Agreements (the “Agreements”) regarding litigation filed by LML in the U.S. District Court for the Eastern District of Texas alleging that both BNYM and First National infringed U.S. Patent No. RE40220.
The Registrant expects to file the Agreements as exhibits to its Quarterly Report on Form 10-Q for the three months ended September 30, 2010. The foregoing description is qualified in its entirety by reference to the complete text of the Agreements when filed.
On October 8, 2010, the Registrant issued a press release announcing the settlement, which release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
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Item 9.01
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Financial Statements and Exhibits.
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(d)
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Exhibits
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99.1
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News Release issued by the Registrant on October 8, 2010.
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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 hereunto duly authorized.
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LML PAYMENT SYSTEMS INC.
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/s/ Carolyn L. Gaines
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Carolyn L. Gaines
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Corporate Secretary
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October 15, 2010
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