Attached files

file filename
EX-10.1 - AMENDMENT NO. 4 TO ASSET PURCHASE AGREEMENT - Green Ballast, Inc.assetpurchaseamend.htm
EX-4.1 - AMENDMENT NO. 4 TO 8% SENIOR SECURED CONVERTIBLE NOTE - Green Ballast, Inc.srconvertiblenoteamend.htm
EX-4.2 - AMENDMENT NO. 4 TO 8% SENIOR SECURED NOTE - Green Ballast, Inc.srsecurednoteamend.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):  February 29, 2012
 

 
GREEN BALLAST, INC.
 (Exact name of registrant as specified in its charter)

Delaware
000-54568
45-1629984
(State or Other Jurisdiction of Incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)
     
2620 Thousand Oaks Blvd., Suite 4000, Memphis, Tennessee
 
38118
(Address of principal executive offices)
 
(Zip Code)
 
 
(901) 260-4400
 
 
(Registrant's telephone number, including area code)
 
(Former name or former address, if changed since last report)
 

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

¨           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 1.01ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
 
On February 29, 2012, Green Ballast, Inc. (the “Company”) entered into a fourth amendment (the “APA Amendment”) to the Asset Purchase Agreement dated April 15, 2011 with Gemini Master Fund, Ltd. (“Gemini”). The purpose of the APA Amendment is to extend the date by which the Company must cause shares of its common stock  to be traded or quoted on a trading market. Pursuant to the APA Amendment, this date  has been extended from March 1, 2012 to April 1, 2012. In connection with the Asset Purchase Agreement, the Company has issued warrants to Gemini to purchase up to 5,000,000 shares of common stock.
 
Also on February 29, 2012,  the Company entered into a fourth amendment (the “Gemini Note Amendment”) to its 8% Senior Secured Convertible Note issued on April 15, 2011 to Gemini. The Gemini Note Amendment has extended the date by which the Company would be considered in default for failure to cause shares of its common stock to be traded or quoted on a trading market. Pursuant to the Gemini Note Amendment, this date has been extended from March 1, 2012 to April 1, 2012.
 
In addition to the above,  on February 29, 2012, the Company entered into a fourth amendment (the “GBL Note Amendment”) to its 8% Senior Secured issued on April 15, 2011 to Green Ballast LLC (“GBL”). The GBL Note Amendment has extended the date by which the Company would be considered in default for failure to cause shares of its common stock to be traded or quoted on a trading market. Pursuant to the GBL Note Amendment, this date has been extended from March 1, 2012 to April 1, 2012.
 
GBL holds 32,500,000 shares of common stock of the Company. IRC - Interstate Realty Corporation (“IRC”) is the managing member of GBL.  IRC is the beneficial owner of the shares of common stock held by GBL by virtue of its voting and investment power over the shares. The Company’s Chief Executive Officer, J. Kevin Adams is the chairman and chief executive officer of IRC.  
 
The APA Amendment, Gemini Note Amendment and GBL Note Amendment are hereby filed respectively as Exhibit 10.1, Exhibit 4.1 and Exhibit 4.2.
 
 
Item 9.01 FINANCIAL STATEMENTS AND EXHIBITS
   
Exhibit No.  Description
   
4.1 Amendment No.4 to 8% Senior Secured Convertible Note dated February 29, 2012.
   
4.2 Amendment No.4 to 8% Senior Secured Note dated February 29, 2012.
   
10.1
Amendment No.4 to Asset Purchase Agreement dated February 29, 2012 between Green Ballast, Inc. and Gemini Master Fund, Ltd.
 
 
 
 
 


 
 

 

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.
 

 
Date: March 5, 2012
 
 
 
  Green Ballast, Inc.
 
 
  By:  /s/ J. Kevin Adams
 

 
   Name:  J. Kevin Adams
   Title:  Chief Executive Officer