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): May 5, 2011

NET TALK.COM, INC.
(Exact Name of Registrant as Specified in its Charter)

Florida
000-53668
20-4830633
(State of Incorporation)
(Commission File Number)
(IRS Employer
   
Identification Number)

1100 NW 163rd Drive, Suite 3, N. Miami Beach, Florida 33169
   (Address of principal executive offices)(Zip code)

(305) 621-1200
(Registrant’s Telephone Number, Including Area Code)


Check the appropriate box below of the Form 8-K if the filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General instruction A.2. below):

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)).
 
 
 

 

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

On May 3, 2011 Vicis Capital Master Fund completed its commitment to loan to the Company $4,000,000 represented by a series of promissory notes ($1,000,000 funded January 2011, $1,500,000 funded March 2011 and $1,500,000 funded May, 2011) bearing interest at the rate of 5% per annum, principal and interest payable upon demand. Vicis is the holder of the Company's Senior Secured Debentures and Series A Preferred Stock.

 

 
SIGNATURE

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.
 
 
Net Talk.com, Inc.
 
       
 
By:
/s/ Anastasios Kyriakides  
  Name:   Anastasios Kyriakides  
  Title:   Chief Executive Officer  
  Dated:  May 5, 2011