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EX-10.1 - EXHIBIT 10.1 - POKERTEK, INC.a50066556_ex101.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):   November 8, 2011

POKERTEK, INC.

(Exact Name of Registrant as Specified in Its Charter)


North Carolina

 

000-51572

 

61-1455265

(State or Other Jurisdiction of
Incorporation)

(Commission File Number)

(IRS Employer

Identification No.)


1150 Crews Road, Suite F

Matthews, North Carolina

 

28105

(Address of Principal Executive Offices) (Zip Code)


(704) 849-0860

(Registrant’s telephone number, including area code)


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 (see General Instruction A.2. below):

     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))


This Current Report on Form 8-K is filed by PokerTek, Inc., a North Carolina corporation (the “Registrant”), in connection with the items set forth below.

Item 1.01.

Entry into a Material Definitive Agreement

On November 8, 2011, the Registrant entered into the Fifth Amendment to the Loan and Security Agreement (the “Loan Agreement”) between the Registrant and Silicon Valley Bank (“SVB”) which, among other things, (i) extends the maturity date of the credit facility from SVB to January 18, 2012 and (ii) provides additional remedies to SVB in an Event of Default (as defined in the Loan Agreement).

The foregoing summary is qualified in its entirety by reference to the Fifth Amendment to the Loan Agreement which is attached as Exhibit 10.1 hereto. 

Item 9.01

Financial Statements and Exhibits.

(d) Exhibits. 

Exhibit No.

 

Description of Exhibit

10.1 Fifth Amendment to the Loan and Security Agreement between the Registrant and Silicon Valley Bank


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.


POKERTEK, INC.

 

 

 
 

Date:

November 14, 2011

By:

/s/ Mark D. Roberson

Mark D. Roberson, Chief Executive Officer

and Chief Financial Officer


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