Attached files

file filename
EX-10.2 - EXHIBIT 10.2 - China Pharmaceuticals Incex102.htm
EX-10.1 - EXHIBIT 10.1 - China Pharmaceuticals Incex101.htm
 
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):  June 27, 2013
 
Magnolia Solar Corporation
(Exact Name of Registrant as Specified in Charter)
 
Nevada
333-151633
  39-2075693
(State or other jurisdiction
of incorporation)
(Commission File Number)
(IRS Employer
Identification No.)
 
 
 
54 Cummings Park
Suite 316
Woburn, MA
 
01801
(Address of principal executive offices)
 
(Zip Code)

Registrant’s telephone number, including area code: (781) 497-2900
 
 
(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
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 
1

 
 
Item 1.01. Entry into a Material Definitive Agreement.
 
On June 27, 2013, Magnolia Solar Corporation (the “Company”) and holders of Second Amended and Restated Original Issue Discount Senior Secured Convertible Promissory Notes in the aggregate principal amount of $1,000,000 agreed to extend the maturity date of the notes from June 30, 2013 to December 31, 2013.

Copies of the agreements extending the notes are attached hereto as Exhibit 10.1 and 10.2 and are incorporated herein by reference.

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

The information described above under “Item 1.01 Entry into a Material Definitive Agreement” is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d)           Exhibits.
 
 
10.1
 
Agreement to Extend Second Amended and Restated Original Issue Discount Senior Secured Convertible Promissory Note held by Paragon Capital LP
       
 
10.2
 
Agreement to Extend Second Amended and Restated Original Issue Discount Senior Secured Convertible Promissory Note held by Paragon Capital Offshore LP
 
       

 
 
2

 

 
 
 
 
 
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 thereunto duly authorized.
 
 
 
MAGNOLIA SOLAR CORPORATION
 
       
Date: July 1, 2013
By:
/s/ Dr. Yash R. Puri
 
   
Name: Dr. Yash R. Puri
 
   
Title: Executive Vice-President and Chief Financial Officer
 
       
 
       
 
 
3