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


November 5, 2015

Date of Report (Date of Earliest Event Reported)



TALON REAL ESTATE HOLDING CORP.

(Exact Name of Registrant as Specified in its Charter)



Utah

 

000-53917

 

26-1771717

(State of Incorporation)

 

(Commission File Number)

 

(I.R.S. Employer Identification No.)


5500 Wayzata Boulevard Suite 1070

Minneapolis, Minnesota

 

55416

(Address of Principal Executive Offices)

 

(Zip Code)


(612) 604-4600

(Registrant’s Telephone Number, Including Area Code)


N/A

(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 (see General Instruction A.2):


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))





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Item 1.01.

Entry into a Material Definitive Agreement


As previously announced, on August 12, 2014 we entered into a $500,000 unsecured promissory note with one of our directors, Curtis Marks. The note bore interest at 14% annually and had an original maturity date of February 8, 2015.  We previously extended the maturity date of the note to September 30, 2015 with an annual interest rate of 20% beginning July 1, 2015.  On November 5, 2015, we extended the maturity date of the note to December 31, 2015 and increased the annual interest rate to 24% effective as of October 1, 2015.











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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.


 

TALON REAL ESTATE HOLDING CORP.

 

 

 

 

 

 

Date:  November 10, 2015

/s/ MG Kaminski

 

 

Matthew G. Kaminski

 

 

Chief Executive Officer

 










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