Smith Micro Software, Inc. (NASDAQ:SMSI) Files An 8-K Entry into a Material Definitive Agreement

Smith Micro Software, Inc. (NASDAQ:SMSI) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01Entry into a Material DefinitiveAgreement.

Story continues below

On January 30, 2018, Smith Micro Software, Inc. (the “Company”) entered into amendments to certain of its existing Secured Promissory Notes (the “Notes”), for the sole purpose of extending the relevant maturity dates as noted below.The amendments amend the following Notes:

Note dated August 18, 2017 issued to Steven L. Elfman and Monique P. Elfman, amended to extend the maturity date of the Note to February 11, 2018. Steven L. Elfman is a director of the Company.

Note dated June 26, 2017 issued to William W. Smith, Jr. and Dieva L. Smith, amended to extend the maturity date to July 25, 2018. William W. Smith, Jr. is Chairman and Chief Executive Officer of the Company.

Notes dated August 24, 2017 issued to Next Generation TC FBO Andrew Arno IRA 1663 and Andrew Arno, amended to extend the maturity date of each to July 25, 2018. Andrew Arno is a director of the Company.

The foregoing descriptions of the various amendments are qualified in their entirety by reference to the complete text of the amendments, each of which is filed as an exhibit to this Current Report on Form 8-K.

Item 1.01Creation of a Direct Financial Obligation of a Registrant.

The information set forth in Item 1.01 is incorporated into this Item 1.01 by reference.

Item 1.01Financial Statements and Exhibits.

Exhibit

Description

10.1

Second Amendment to Secured Promissory Note, dated January 30, 2018, by and between the Company and Steven L. Elfman and Monique P. Elfman

10.2

Amendment to Secured Promissory Note, dated January 30, 2018, by and between the Company and William W. Smith, Jr. and Dieva L. Smith

10.3

Amendment to Secured Promissory Note, dated January 30, 2018, by and between the Company and Next Generation TC FBO Andrew Arno IRA 1663

10.4

Amendment to Secured Promissory Note, dated January 30, 2018, by and between the Company and Andrew Arno


SMITH MICRO SOFTWARE INC Exhibit
EX-10.1 2 smsi-ex101_6.htm EX-10.1 smsi-ex101_6.htm Exhibit 10.1 SECOND AMENDMENT TO SECURED PROMISSORY NOTE (STEVEN L. ELFMAN AND MONIQUE P. ELFMAN,…
To view the full exhibit click here

About Smith Micro Software, Inc. (NASDAQ:SMSI)

Smith Micro Software, Inc. is a provider of software solutions. The Company operates through two segments: Wireless and Graphics. The Company offers multi-platform, modular solutions organized into three product families, including NetWise, CommSuite and QuickLink. For mobile network operators, NetWise helps reduce cellular congestion and optimize data traffic across third-generation (3G), fourth-generation (4G) and wireless fidelity (Wi-Fi) networks. Graphics segment includes its consumer-based products, such as Poser, Anime Studio, Manga Studio, MotionArtist and StuffIt. The Graphics segment develops a range of software, including graphic design and animation, compression and personal computer (PC)/Mac utilities, for consumers, professional artists and educators. The Company also offers Family Safety platform for family locator and parental controls.

An ad to help with our costs