Attached files

file filename
EX-1 - EFACTOR GROUP CORP.paamendmentno2vedgar1.htm


UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


FORM 8-K


CURRENT REPORT

Pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934


Date of Report (Date of Earliest Event Reported): June 12, 2014 (June 11, 2014)


EFACTOR GROUP CORP.

(Exact name of registrant as specified in its charter)







 

 

 

 

 

 

 

 

 

 

Nevada

 

000-51569

 

84-1598154

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)


605 Market Street, Suite 600

San Francisco, California 94105

(Address of Principal Executive Offices)


(650) 380-8280

(Issuers telephone number)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation to the registrant under any of the following provisions:

 



 

 

 

 

o

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

 



 

 

 

 

o

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

 



 

 

 

 

o

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

 



 

 

 

 

o

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 May 8, 2014, EFactor Group Corp. (the Company) entered into a placement agent agreement, as amended on May 30, 2014 (the Placement Agent Agreement) with Monarch Bay Securities, LLC (Monarch Bay) pursuant to which Monarch Bay agreed to act as the Companys exclusive placement agent and use its commercially reasonable best efforts to arrange for the sale of up to an aggregate of 8.0 million shares of the Companys common stock (the Offering).  On June 11, 2014, the Company and Monarch Bay entered into Amendment No. 2 to the Placement Agent Agreement (the Amendment) pursuant to which the offering price of the shares to be sold in the Offering was decreased from $0.75 per share to $0.60 per share.


The foregoing description of the Amendment is qualified in its entirety by reference to the complete text of the Amendment, which is filed hereto as Exhibit 1.1 and incorporated herein by reference.  


Item 9.01. Financial Statements and Exhibits.




Exhibit

Number

  

Description

1.1

 

Amendment No. 2 to Placement Agent Agreement, dated June 11, 2014, between EFactor Group Corp. and Monarch Bay Securities, LLC.









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.

 

Dated: June 12, 2014




 

 

 

 

 

 

 

EFACTOR GROUP CORP.

 

 

 

 

By:

/s/ Adriaan Reinders

 

 

Name: Adriaan Reinders

 

 

Title:    President