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EX-99.1 - EXHIBIT 99.1 NOTICE OF DEFAULT - WITH, INC.f8k051616_ex99z1.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):  May 10, 2016



 

WITH, INC.

 

 

(Exact name of registrant as specified in its charter)

 



Nevada

 

000-55533

 

80-0194367

(State or other jurisdiction

 

(Commission

 

(I.R.S. Employer

of incorporation)

 

File Number)

 

Identification No.)

 

 

 

 

 

7 Studebaker,

Irvine , California

 

92618

(Address of principal executive offices)

 

(Zip Code)


Registrant’s telephone number, including area code:

(714) 617-1991


 

MEDL Mobile Holdings, Inc.

 

 

(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 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))








Forward-Looking Statements

 

This Current Report on Form 8-K (including the exhibit) contains “forward-looking statements” within the meaning of the Section 27A of the Securities Act and Section 21E of the Exchange Act. Forward-looking statements discuss matters that are not historical facts. Because they discuss future events or conditions, forward-looking statements may include words such as “anticipate,” “believe,” “estimate,” “intend,” “could,” “should,” “would,” “may,” “seek,” “plan,” “might,” “will,” “expect,” “predict,” “project,” “forecast,” “potential,” “continue” negatives thereof or similar expressions. These forward-looking statements are found at various places throughout the this Current Report (including the exhibit) and include information concerning possible or assumed future results of our operations; business strategies; future cash flows; financing plans; plans and objectives of management; any other statements regarding future operations, future cash needs, business plans and future financial results, and any other statements that are not historical facts.

 

Any or all of the forward-looking statements included in this Current Report (including the exhibit) and in any other reports or public statements made by us are not guarantees of future performance and may turn out to be inaccurate. These forward-looking statements represent our intentions, plans, expectations, assumptions and beliefs about future events and are subject to risks, uncertainties and other factors.  Many of those factors are outside of our control and could cause actual results to differ materially from the results expressed or implied by those forward-looking statements. In light of these risks, uncertainties and assumptions, the events described in the forward-looking statements might not occur or might occur to a different extent or at a different time than we have described. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this Current Report (including the exhibit). All subsequent written and oral forward-looking statements concerning other matters addressed in this Current Report (including the exhibit) and attributable to us or any person acting on our behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in this Current Report (including the exhibit). Except to the extent required by law, we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, a change in events, conditions, circumstances or assumptions underlying such statements, or otherwise.

 

Item 2.04 Triggering Events Which Accelerate a Direct Obligation


See Item 8.01 below.


Item 8.01 Other Events

 

With, Inc. (the “Company”) received a notice of default and foreclosure (“Notice”) on May 10, 2016, a copy of which is attached hereto as Exhibit 99.1, from counsel for Alpha Capital Anstalt (“Alpha”), the assignee of that certain Secured Revolving Credit Agreement dated November 17, 2013 in the maximum principal amount of $550,000 (“KGN Note”) entered into between KGN Holdings, LLC (“KGN”) and the Company.  The KGN Note is guaranteed by Hang With, Inc., a majority owned subsidiary of the Company (“Hang With”), and secured by a security interest in all of the assets of the Company and Hang With, pursuant to a security agreement between KGN, on the one hand, and the Company and Hang With on the other, as amended, which security interest covers the shares of stock of Hang With owned by the Company.  Further in January 2016, KGN and the Company and Hang With entered into a Forbearance Agreement (the “Forbearance Agreement”).  Alpha’s Notice states that the Company and Hang With have defaulted under the terms of the KGN Note and the Forbearance Agreement and that as a result, Alpha is giving notice of the default and of its intention to foreclose upon the shares of Hang With owned by the Company.


Item 9.01 Exhibit


Exhibit 99.1

Notice of default and foreclosure, dated May 10, 2016



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: May 16, 2016

WITH, INC.




By:  /s/ Andrew Maltin          

 Andrew Maltin,

 Chief Executive Officer