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EX-10 - WARRANT AMENDMENT AGREEMENT - FAB Universal Corp.ex10warrantamendment.htm

UNITED STATES


SECURITIES AND EXCHANGE COMMISSION


Washington, D.C. 20509


FORM 8-K


CURRENT REPORT


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


February 10, 2010

Date of Report

(Date of Earliest Event Reported)


WIZZARD SOFTWARE CORPORATION

(Exact Name of Registrant as Specified in its Charter)


COLORADO

87-0609860

(State or Other Jurisdiction of

incorporation or organization)

(I.R.S. Employer

Identification No.)

 

 

5001 Baum Boulevard

Pittsburgh, Pennsylvania 15213

(Address of Principal Executive Offices)


(412) 621-0902

Registrant's Telephone Number


N/A

Former name or former address, if changed since last report


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))





Item 1.01.  Entry into a Material Definitive Agreement.


Effective as of February 10, 2010, Wizzard Software Corporation, a Colorado corporation (the “Company”), executed a Warrant Amendment Agreement (the “Amendment Agreement”) with Canada Pension Plan Investment Board (“CPPIB”), which at the time of the Amendment Agreement’s execution was the holder of a Warrant to purchase 609,576 shares of the Company’s common stock at a purchase price of $2.85 per share.  Under the Amendment Agreement, the parties agreed to amend CPPIB’s Warrant to provide for an immediate full cashless exercise in the amount of 50,000 shares of the Company’s common stock.  Upon the issuance of these shares, CPPIB’s Warrant is deemed canceled.


Item 9.01  Financial Statements and Exhibits.


(a)  Financial statements of businesses acquired.


None; not applicable.


(b)  Pro forma financial information.


None; not applicable.


(c)  Shell company transactions.


None; not applicable.


(d)  Exhibits.


Exhibit No.

Description


10.1

Warrant Amendment Agreement


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.


WIZZARD SOFTWARE CORPORATION,

a Colorado corporation



Dated:  2/11/2010

By /s/ Christopher J. Spencer

Christopher J. Spencer, President