PRISM TECHNOLOGIES GROUP, INC. (NASDAQ:PRZM) Files An 8-K Entry into a Material Definitive AgreementItem 1.01. Entry into a Material Definitive Agreement
As previously disclosed in a Current Report on Form 8-K dated December 27, 2016, Prism Technologies, LLC (“Prism”), a wholly owned subsidiary of Prism Technologies Group, Inc. (“Company”) entered into a non-recourse financing agreement (“Agreement”) with an unrelated party. The Company received $500,000 for working capital and general corporate operations. The Company filed Amendment No. 1 to the 8-K on February 27, 2017 to provide a copy of the Litigation Funding Agreement, portions of which were redacted to a confidential treatment request filed with the Securities and Exchange Commission (“SEC”).The Company revised the material that was redacted in response to comments from the SEC and is filing this Amendment No. 2 to reflect the updated redactions.
Item 9.01 Financial Statements And Exhibits
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Exhibit 10.10 |
Litigation Funding Agreement dated December 15, 2016 between Prism Technologies, LLC and an unrelated party (redacted to a confidential treatment request). |
Prism Technologies Group, Inc. ExhibitEX-10.10 2 ex10-10.htm EXHIBIT 10.10 ex10-10.htm Exhibit 10.10 LITIGATION FUNDING AGREEMENT This Litigation Funding Agreement is made as of the 15th day of December 2016,…To view the full exhibit click here
About PRISM TECHNOLOGIES GROUP, INC. (NASDAQ:PRZM)
Prism Technologies Group, Inc., formerly Internet Patents Corporation, is engaged in the business of licensing and enforcing a portfolio of patents relating to technologies developed by it. The Company’s subsidiary is Prism Technologies, LLC (Prism). Prism has two primary operating subsidiaries: Secure Axcess, LLC and Millenium Biologix, LLC. Prism also operates an intellectual property licensing and enforcement business. The Company and its subsidiaries own a portfolio of patents with over 50 issued patents in the areas of computer and network security, semiconductors and medical technology. The Company’s patent portfolio includes Gregg Patents for device authentication and access to protected resources; Glazer Patents for image recognition and Website authentication; Weber Patents for multiple screen computer display; Pugh Patents for synthetic biomaterial compound; Wallace Patents for encrypted cookies, and Quizid Patents for authentication tokens.