- Current report filing (8-K)
August 05 2009 - 4:12PM
Edgar (US Regulatory)
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
Date of
Report (Date of earliest event reported): July 30, 2009
BEYOND
COMMERCE, INC.
(Exact
name of registrant as specified in its charter)
Nevada
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000-52490
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98-0512515
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(State
or other jurisdiction of
incorporation
or organization)
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(Commission
File Number)
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(I.R.S.
Employer Identification No.)
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9029
South Pecos
Suite
2800
Henderson,
Nevada 89074
(Address
of principal executive offices, including zip code)
(702)
463-7000
(Registrant’s
telephone number, including area code)
Copies
to:
Gregory
Sichenzia, Esq.
Darrin M.
Ocasio, Esq.
Sichenzia
Ross Friedman Ference LLP
61
Broadway, 32
nd
Floor
New York,
New York 10006
Phone:
(212) 930-9700
Fax:
(212) 930-9725
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
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))
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Creation
of a Direct Financial Obligation or an Obligation under an Off-Balance
Sheet Arrangement of a Registrant
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The
Company and St. George Investments, LLC, entered into an agreement dated July
30, 2009 (the “Agreement”) pursuant to which the Company will satisfy the entire
outstanding balance of $420,593.40 on its Series 2009 Secured Convertible
Original Issue Discount Note, due June 15, 2010, issued to St. George (the
“Note”). Pursuant to the Agreement, the Company will make the
following payments (the “Scheduled Payments”) on the Note: (i)
$100,000 paid on July 30, 2009, (ii) $50,000 shall be paid by August 6, 2009,
(iii) 50,000 shall be paid by August 13, 2009, (iv) $50,000 shall be paid by
August 20, 2009, (v) $50,000 shall be paid by August 27, 2009, (vi) $50,000
shall be paid on or before September 3, 2009, (vii) $50,000 shall be
paid on or before September 10, 2009 and (viii) $20,995.40 shall be paid on or
before September 17, 2009. Provided the Scheduled Payments have
been made in accordance with the Agreement, the Note shall be deemed paid in
full and St. George shall return 3,015,424 shares of the Company’s common stock
which had been pledged as security for repayment of the Note, and will not hold
any other shares pledged in connection with the Note.
A copy of
the Amendment is filed as an exhibit to this Current Report on Form 8-K.
The summary of the Agreement set forth above is qualified by reference to
such exhibit.
Item
9.01
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Financial
Statements and Exhibits
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(a)
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Financial
statements.
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Not
applicable.
(b)
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Pro
forma financial information.
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Not
applicable.
(c)
Shell Company Transactions.
Not
Applicable
(d)
Exhibits
Exhibit
Number
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Description
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10.1
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Agreement
between Beyond Commerce, Inc. and St. George Investments, LLC, dated July
30,
2009.
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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.
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Beyond
Commerce, Inc.
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By:
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/s/
Mark
V. Noffke
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Mark
V. Noffke
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Chief
Financial Officer
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Date:
August 4, 2009
Exhibit
Index
Exhibit
Number
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Description
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10.1
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Agreement
between Beyond Commerce, Inc. and St. George Investments, LLC, dated July
30, 2009.
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