Attached files
| file | filename |
|---|---|
| EX-10.1 - EX-10.1 - RAND WORLDWIDE INC | exhibit1.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 16, 2010 |
Avatech Solutions, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)
| Delaware | 001-31265 | 84-1035353 |
|
_____________________ (State or other jurisdiction |
_____________ (Commission |
______________ (I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
| 10715 Red Run Boulevard, Owings Mills, Maryland | 21117 | |
|
_________________________________ (Address of principal executive offices) |
___________ (Zip Code) |
| Registrant’s telephone number, including area code: | 410-581-8080 |
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))
Item 1.01 Entry into a Material Definitive Agreement.
On December 16, 2010, Avatech Solutions, Inc. ("Registrant") and Avatech Solutions Subsidiary, Inc., a controlled subsidiary of the Registrant, modified the maturity date of their $5 million revolving line of credit agreement with PNC Bank pursuant to a Sixth Modification Agreement (the "Sixth Modification"). The modification extended the maturity date of the line of credit to January 31, 2011 in order to provide additional time for the Registrant to consolidate its credit facilities. All other terms and conditions remain unchanged. A copy of the Sixth Modification is filed herewith as Exhibit 10.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit 10.1 - Sixth Modification Agreement dated December 16, 2010 (filed herewith).
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.
| Avatech Solutions, Inc. | ||||
| December 20, 2010 | By: |
Lawrence Rychlak
|
||
|
|
||||
| Name: Lawrence Rychlak | ||||
| Title: President and Chief Financial Officer | ||||
Exhibit Index
| Exhibit No. | Description | |
|
|
|
|
|
10.1
|
Sixth Modification Agreement dated December 16, 2010 (filed herewith). |