Attached files
| file | filename |
|---|---|
| EX-10.32 - FLORIDA GAMING CORP | v190172_ex10-32.htm |
| EX-10.31 - FLORIDA GAMING CORP | v190172_ex10-31.htm |
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 1, 2010
FLORIDA
GAMING CORPORATION
(Exact
name of registrant as specified in its charter)
|
Delaware
|
0-9099
|
59-1670533
|
|
(State
or other jurisdiction
|
(Commission
File No.)
|
(I.R.S.
Employer
|
|
of
incorporation)
|
Identification
No.)
|
|
3500
NW 37th
Avenue, Miami, FL 33142
|
|
(Address
of principal executive offices) (Zip
code)
|
(502) 589-2000
(Registrant’s
telephone number, including area code)
Not
Applicable
(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:
|
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
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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1.01 Entry
into a Material Definitive Agreement
On July
1, 2010, Florida Gaming Corporation (the “Registrant”) entered into a Promissory
Note and Mortgage (collectively, the “Agreements”) with H2C, Inc. (the “Lender”)
pursuant to which the Lender advanced to the Registrant fifty thousand dollars
($50,000) (the “Advance”).
Under the
Agreements, the outstanding principal amount of the Advance bears interest at an
annual rate of ten percent (10%). Accrued interest is payable to the
Lender in five monthly installments of $416.66, with a balloon payment of the
outstanding principal amount of the Advance and all accrued but unpaid interest
due on December 31, 2010. The Registrant’s obligations under the Note
are secured by a first mortgage (the “Mortgage”) in the Lender’s favor with
respect to certain real property in St. Lucie County in the state of Florida, as
more fully described in Exhibit A to the Mortgage. If any amount due
under the Note is not paid when due, the Lender is entitled to a late fee of ten
percent of the delinquent amount. No prepayments are permitted under
the Note. The Note and the Mortgage contain other customary terms and
conditions not described herein.
2.03
Creation
of a Direct Financial Obligation of a Registrant
The
information provided in Item 1.01 of this Form 8-K is incorporated by reference
in this Item 2.03.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Company has duly
caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.
|
FLORIDA
GAMING CORPORATION
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|||
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Date: July
8, 2010
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By:
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/s/ W. Bennett Collett
|
|
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W.
Bennett Collett
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|||
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Chairman
and CEO
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