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EX-99.1 - AMENDMENT TO LOAN AGREEMENTS - Lightning Gaming, Inc.s22-9997_ex991.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): December 8, 2010
 
Lightning Gaming, Inc.
(Exact name of registrant as specified in charter)
 
Nevada   000-52575   20-8583866
(State or other jurisdiction of incorporation)   (Commission File Number)   (I.R.S. Employer Identification No.)
 
23 Creek Circle, Boothwyn, Pa 19061
(Address of principal executive offices) (Zip Code)
(Registrant’s telephone number, including area code) (610) 494-5534
_____________________________________________________
(Former name or former address, if changed since last report.)
 
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2):

*
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 

 
 
Section 1 - Registrant’s Business and Operations

Item 1.01 Entry into a Material Definitive Agreement.

On December 8, 2010, our wholly-owned subsidiary, Lightning Poker, Inc. (“LPI”), entered into an agreement with The Co-Investment Fund II, L.P. (“CI II”) to extend to June 30, 2012 the maturity date of LPI's promissory notes in the aggregate principal amount of $9,500,000 (plus accrued interest) which CI II holds under Loan Agreements dated July 27, 2006 (as thereafter amended), January 31, 2007 (as thereafter amended), June 27, 2007 (as thereafter amended) and June 30, 2008.  Prior to this extension, the maturity date of all of the notes was June 30, 2011.  A copy of the agreement is set forth in Exhibit 99 hereto.
 
Section 9 - Financial Statements and Exhibits
 
Item 9.01 Financial Statements and Exhibits
 
(a)           Not applicable.
(b)           Not applicable.
(c)           Not applicable.
(d)           Exhibits:
 
No. Description
99.1
Amendment to Loan Agreements, dated December 8, 2010, between LPI and CI II
 
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.
 
 
Lightning Gaming, Inc.
 
 
By:
/s/ Robert Ciunci                                              
  Robert Ciunci, Chief Financial Officer
Date: December 13, 2010