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EX-10.1 - AMENDMENT DATED AS OF APRIL 10, 2014 TO THE SECURITIES EXCHANGE AGREEMENT, DATED FEBRUARY 17, 2014, BETWEEN THE COMPANY, PAYPROTEC OREGON, LLC (D/B/A SECURUS PAYMENTS), MYCHOL ROBIRDS AND STEVEN LEMMA. - Excel Corpf8k041014a1ex10i_excelcorp.htm


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 

 
FORM 8-K/A
 
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 10, 2014
 
Excel Corporation
(Exact Name of Registrant as Specified in Charter)
 
Delaware
 
333-173702
 
27-3955524
(State or other jurisdiction
of incorporation)
 
(Commission File Number)
 
(IRS Employer
Identification No.)
         
595 Madison Avenue, Suite 1101    New York, NY
 
10022
(Address of principal executive offices)
 
(Zip Code)

Registrant’s telephone number, including area code: (212) 921-2000
 
Not Applicable

(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))



 
 

 
Item 1.01. Entry into a Material Definitive Agreement.

On February 18, 2014, Excel Corporation (the “Company”), filed a Form 8-K with the Securities and Exchange Commission reporting that the Company had entered into a Securities Exchange Agreement (the “Agreement”) with Payprotec Oregon, LLC (d/b/a Securus Payments) (“Payprotec”), Mychol Robirds (“Robirds”) and Steven Lemma (“Lemma” and with the Company, Payprotec and Robirds, collectively, the “Parties”).  The Agreement, as originally constituted, had a closing date that was set to terminate on March 31, 2014.   On April 10, 2014, The Parties entered into an amendment (the “Amendment”) to the Agreement.  The Amendment extends the termination date to April 21, 2014.

The foregoing summary of the Amendment is qualified in its entirety by reference to the Amendment a copy of which is filed as Exhibit 10.01 hereto and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.
 
(d)
Exhibits.
 
Exhibit No.
  
Document
10.01
  
Amendment dated as of April 10, 2014 to the Securities Exchange Agreement, dated February 17, 2014, between the Company, Payprotec Oregon, LLC (d/b/a Securus Payments), Mychol Robirds and Steven Lemma.
 
 
1

 
 
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.
 
Date: April 11, 2014
 
 
EXCEL CORPORATION
   
 
By:
/s/ Ruben Azrak
   
Name:     Ruben Azrak
   
Title:       Interim Chief Executive Officer
 
 
2

 
 
EXHIBIT INDEX

Exhibit No.
  
Document
10.01
  
Amendment dated as of April 10, 2014 to the Securities Exchange Agreement, dated February 17, 2014, between the Company, Payprotec Oregon, LLC (d/b/a Securus Payments), Mychol Robirds and Steven Lemma.