Attached files
file | filename |
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EX-4.2 - EX-4.2 - Digerati Technologies, Inc. | v194621_ex4-2.htm |
EX-4.1 - EX-4.1 - Digerati Technologies, Inc. | v194621_ex4-1.htm |
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): August 2, 2010
ATSI
COMMUNICATIONS, INC.
(Exact
Name of Registrant as Specified in Its Charter)
NEVADA
(State or
Other Jurisdiction of Incorporation)
001-15687
(Commission
File Number)
|
74-2849995
(IRS
Employer Identification No.)
|
|
3201
Cherry Ridge
Building
C, Suite 300
San
Antonio, Texas
(Address
of Principal Executive Offices)
|
78230
(Zip
Code)
|
(210)
614-7240
(Registrant’s Telephone
Number, Including Area Code)
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
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act
¨ Pre
commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act
Section
2 – Financial Information
Item
2.03. Creation of a Direct
Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of
a Registrant.
On August
2, 2010, the Company and its wholly-owned subsidiaries, Digerati Networks, Inc.
and Digerati Broadband, Inc. entered into $750,000.00 credit facility with
Thermo Credit, LLC. Borrowings under the facility will bear interest
at the greater of the prime rate plus 8.25% or 11.50% and be payable on or
before August 2, 2012.
Section
9 – Financial Statements and Exhibits
Item
9.01. Financial Statements and Exhibits.
The
following documents are filed as exhibits to this report.
EXHIBIT
|
DESCRIPTION
|
|
4.1
|
Loan
and Security Agreement dated August 2, 2010 between ATSI Communications,
Inc., Digerati Networks, Inc. and Digerati Broadband, Inc. as borrowers
and Thermo Credit, LLC as lender
|
|
4.2
|
Promissory
Note dated August 2, 2010 payable to Thermo Credit, LLC in the original
principal amount of $750,000 or the amount advanced thereon due August 2,
2012 and bearing interest at the greater of the prime rate plus 8.25% or
11.50%
|
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.
ATSI
COMMUNICATIONS, INC.
(Registrant)
|
||
By:
|
/s/
Antonio Estrada, Jr.
|
|
Date: August 19,
2010
|
(Signature)
|
|
Name:
|
Antonio
Estrada, Jr.
|
|
Title:
|
Sr.
Vice President Finance and
|
|
Corporate
Controller
|
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EXHIBIT
INDEX
EXHIBIT
|
DESCRIPTION
|
|
4.1
|
Loan
and Security Agreement dated August 2, 2010 between ATSI Communications,
Inc., Digerati Networks, Inc. and Digerati Broadband, Inc. as borrowers
and Thermo Credit, LLC as lender
|
|
4.2
|
Promissory
Note dated August 2, 2010 payable to Thermo Credit, LLC in the original
principal amount of $750,000 or the amount advanced thereon due August 2,
2012 and bearing interest at the greater of the prime rate plus 8.25% or
11.50%
|
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