Current Report Filing (8-k)
April 17 2015 - 5:02PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): April 13, 2015
CROWDGATHER, INC.
(Exact name of Registrant as specified in its charter)
Nevada 000-52143 20-2706319
---------------------------- ---------------------- ------------------
(State or other jurisdiction (Commission File Number) (IRS Employer Identi-
of incorporation) fication No.)
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20300 Ventura Blvd., Suite 330, Woodland Hills, CA 91364
(Address of principal executive offices)
(818) 435-2472
(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:
[ ] 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))
SECTION 1 - REGISTRANT'S BUSINESS AND OPERATIONS
Item 1.01 Entry into a Material Definitive Agreement
On April 13, 2015, the Company entered into a Note Purchase Agreement. Under the
Agreement Sanjay Sabnani agreed to loan the Company $50,000. As part of the
Agreement, the Company and Mr. Sabnani entered into a Promissory Note whereby
the Company will repay the $50,000 including interest at 12% or the maximum
allowable under the law, whichever is lower. The Note, including interest, is
due April 13, 2016.
Also on April 13, 2015, the Company entered into a Security Agreement. To secure
the timely payment and performance in full of the obligations, Company does
assigned, granted and pledged to the Sanjay Sabnani (among others) all of the
estate, right, title and interest of Company in and to the collateral including
equipment, cash, receivables, general intangibles, and securities of
CrowdGather, Inc.
SECTION 9 FINANCIAL STATEMENTS AND EXHIBITS
Item 9.01 Financial Statements and Exhibits
(d) Exhibits. The following is a complete list of exhibits filed as part of
this Report. Exhibit numbers correspond to the numbers in the exhibit table of
Item 601of Regulation S-K.
Exhibit No. Description
10.1 Note Purchase Agreement
10.2 Secured Promissory Note
10.3 Security Agreement
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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.
CrowdGather, Inc.
By: /s/ Sanjay Sabnani
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Sanjay Sabnani
Chief Executive Officer
Date: April 17, 2015
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