Attached files
Exhibit 10.1 - Business Development Agreement - GS Whitney & Co.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8K
Current Report
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): April 1, 2014
Commission File No. 333-192374
SIGNAL ADVANCE, INC.
(Exact name of registrant as specified in its charter)
Texas
(State or Other Jurisdiction of Incorporation or Organization)
76-0373052
(IRS Employer Identification Number)
2520 County Road 81
Rosharon, Texas 77583
(713) 510-7445
(Address and telephone number of principal executive offices)
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
(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))
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Section 1 - Registrant's Business and Operations
Item 1.01 Entry into a Material Definitive Agreement.
On April 1, 2014, we received a fully executed copy of a Consulting Services
Agreement dated April 1, 2014, GS Whitney & Co., a Texas company, pursuant to
which GS Whitney will provide business development services to us, including
but not limited to, assistance with the deposting and clearing of shareholders
stock, obtaining DTC eligibility, business valuation/market review, preparation
and dissemination of information regarding the Company to the investment
community and public, identification, of financing opportunites and development
of financing strategies, presention and negotiation with other professionals
including attorneys, qualified investors and investment bankers regarding
financing, identification of business/market opportunities for our technology.
The Agreement became effective on April 1, 2014, and will remain effective
until either party terminates the agreement upon 30-days written notice or at
any time when a segment of work is considered complete. We also have the right
to terminate the Consulting Agreement at any time as defined in the agreement.
As consideration for the services provided, we will issue to GS Whitney & Co.
One Hundred Thousand (100,000) shares of our common stock for the first one (1)
quarter (three (3) month) period. The agreement can be renewed for a second
one quarter (three (3) month)) period following the issuance of an additional
twenty five thousand (25,000). Subesequent renewals to be negiotiated per the
terms of the agreement.
Section 3 - Securities and Trading Markets
Item 3.02 Unregistered Sales of Equity Securities.
GS Whitney & Co. Business Development Agreement (See Item 1.01 above)
Section 9 - Financial Statements and Exhibits.
Item 9.01 Financial Statements and Exhibits.
d) Exhibits
10.1 Business Development Agreement
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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.
Signal Advance, Inc.
Dated: April 1, 2014 /s/ Chris M. Hymel
-----------------------------
By: Chris M. Hymel, President
& Chief Executive Officer
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