Leap Technology Inc / De - Current report filing (8-K)
25 Ottobre 2007 - 2:47PM
Edgar (US Regulatory)
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:
October 24,
2007
(Date of earliest event reported)
LE@P TECHNOLOGY, INC.
(Exact name of registrant as specified in its charter)
Delaware
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0-5667
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65-0769296
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(State or other jurisdiction of
incorporation)
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(Commission File Number)
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(I.R.S. Employer Identification No.)
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5601 N. Dixie Highway, Suite 411
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Ft. Lauderdale, FL
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33334
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(Address of principal executive
offices
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(Zip Code)
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Registrant’s telephone number, including area
code:
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(954) 771-1772
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(Former Name or Former Address, if Changed Since Last
Report)
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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):
o
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Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)
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o
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Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)
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o
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Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule
13e-4( c) under the Exchange Act (17 CFT 240.13e-4( c))
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Items 1.01 Entry into a Material Definitive Agreement
On October 24, 2007, Bay Colony Associates, Ltd., an entity wholly owned
by Dr. Pearce and the holder of a promissory note dated March 17, 2006 in the
original principal amount of $562,500 made by Parkson Property, LLC, the
Company’s subsidiary, agreed to extend the maturity date of the note from January
8, 2008 until January 8, 2010. The principal and all accrued interest, at the rate of
7% per annum, under the note are due in one lump sum on the extended maturity date, and
all of the other terms of the note remain unmodified. A copy of the renewal promissory
note is filed herewith as Exhibit 10.1. The extension of the maturity date of the note
permits the Company to use funds that would otherwise have been used to repay the note
for acquisition, working capital, or other purposes.
Item 9.01 Financial Statements and Exhibits
(d)
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Exhibits
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10.1
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Renewal Promissory Note dated October 24, 2007 in the
principal amount of $562,500 executed by Parkson Property, LLC in
favor of Bay Colony Associates, Ltd.
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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.
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LE@P TECHNOLOGY, INC.
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Date: October 24, 2007
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By:
/s/ Donald
Ciappenelli
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Name: Donald
Ciappenelli
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Title: Chief
Executive Officer
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EXHIBIT LIST
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