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EX-2.17 - Digital Cinema Destinations Corp. | e611528_ex2-17.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
November 7, 2013
Date of Report (Date of earliest event reported)
DIGITAL CINEMA DESTINATIONS CORP.
(Exact name of registrant as specified in its charter)
____________________________
Delaware
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333-178648
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27-3164577
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(State or other jurisdiction
of Incorporation)
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(Commission File Number)
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(I.R.S. Employer Identification No.)
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250 East Broad Street
Westfield, New Jersey
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07090
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(Address of principal executive offices)
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(Zip Code)
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Registrant’s telephone number, including area code: (908) 396-1360
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:
o
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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o
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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o
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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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o
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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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On November 7, 2013, an asset purchase agreement was executed for the purchase by a wholly-owned limited liability company subsidiary of the Company to acquire a10 screen movie theater in Londonderry, New Hampshire (Boston DMA 7) from Eastern Shores, Inc. for an anticipated purchase price of approximately $2.5 million in cash. The buyer will enter into a new 10-year lease for the theater, with renewal options.
The closing is subject to the satisfaction of certain conditions and is expected to occur prior to February 14, 2014.
Item 9.01.
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Financial Statements and Exhibits.
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(d) Exhibits.
2.17 Asset Purchase Agreement, dated as of November 7, 2013, by and among DC Londonderry Cinema, LLC, Eastern Shores, Inc., Daniel C. O’Neil, Daniel R. O’Neil and Timothy O’Neil.
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.
DIGITAL CINEMA DESTINATIONS CORP.
(Registrant)
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Date: November 12, 2013
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By:
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/s/ Brian Pflug
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Name:
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Brian Pflug
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Title:
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Chief Financial Officer and Principal Accounting Officer
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