0001165527-12-001267.txt : 20121205
0001165527-12-001267.hdr.sgml : 20121205
20121204181657
ACCESSION NUMBER: 0001165527-12-001267
CONFORMED SUBMISSION TYPE: 8-K
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20121126
ITEM INFORMATION: Entry into a Material Definitive Agreement
ITEM INFORMATION: Financial Statements and Exhibits
FILED AS OF DATE: 20121205
DATE AS OF CHANGE: 20121204
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: VUMEE INC.
CENTRAL INDEX KEY: 0001440819
STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-MISCELLANEOUS SHOPPING GOODS STORES [5940]
IRS NUMBER: 352340897
STATE OF INCORPORATION: NV
FISCAL YEAR END: 0831
FILING VALUES:
FORM TYPE: 8-K
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-53910
FILM NUMBER: 121241779
BUSINESS ADDRESS:
STREET 1: 9817 N 95TH ST #105
CITY: SCOTTSDALE
STATE: AZ
ZIP: 85258
BUSINESS PHONE: 602 595 7719
MAIL ADDRESS:
STREET 1: 9817 N 95TH ST #105
CITY: SCOTTSDALE
STATE: AZ
ZIP: 85258
FORMER COMPANY:
FORMER CONFORMED NAME: PAPERWORKS INC.
DATE OF NAME CHANGE: 20080724
8-K
1
g6448.txt
CURRENT REPORT DATED 11-26-12
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) November 26, 2012
VUMEE, INC.
(Exact name of registrant as specified in its charter)
Nevada 000-53910 35-2340897
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
50 E. Sample Road, Suite 301, Pompano Beach, Florida 33064
(Address of principal executive offices) (Zip Code)
(800) 854-0654
(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:
[ ] 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))
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On November 26, 2012, we entered into a line of credit agreement with one (1) US
investor pursuant to which the investor will make available up to $2,000,000 by
way of advances. Pursuant to the terms of the agreement, all indebtedness shall
be paid to the investor on November 26, 2013 and thereon, shall bear interest at
the rate of 8% per annum, calculated annually. The investor has the option to,
at any time, convert any portion of outstanding debt into shares of our common
stock at the closing price of our stock on the day preceding the notice to
convert.
The description of the a line of credit agreement contained in this Item 1.01 is
a summary and is qualified in its entirety by reference to the copy of the a
line of credit agreement that is attached hereto as exhibit, and which is
incorporated herein by reference.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
10.1 Line of Credit Financing Agreement dated November 26, 2012
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.
VUMEE, INC.
/s/ Michael Spiegel
-------------------------------
Michael Spiegel
CEO and President
Date: December 4, 2012
2
EX-10.1
2
ex10-1.txt
LINE OF CREDIT FINANCING AGREEMENT
Exhibit 10.1
LINE OF CREDIT AGREEMENT
THIS AGREEMENT made November 26, 2012, between COVENTRY CAPITAL LLC (the
"Lender"), a Delaware limited liability company, of 1201 Orange Street, Suite
600, Wilmington, DE 19899-0511; and VUMEE INC. (the "Borrower"), a Nevada
company having an office at 50 East Sample Road, Suite 301, Pompano Beach, FL
33064; WITNESSES THAT in consideration of the Lender providing a line of credit
to the Borrower, the parties agree as follows:
1. Line of Credit. The parties acknowledge the Lender has provided a line of
credit to the Borrower in the principal amount of up to $2,000,000.00 United
States currency. The Lender shall advance funds at its sole discretion up to the
aforesaid maximum amount when and as directed by the Borrower.
2. Payment. The Borrower shall pay to the Lender the amount of all indebtedness
owing by the Borrower to the Lender in respect of this Agreement on November 26,
2013, and shall pay interest thereon annually at the rate of eight per cent per
annum calculated annually.
3. Evidence of Indebtedness. The Borrower shall deliver to the Lender from time
to time, in form and substance satisfactory to the Lender, promissory notes or
other acknowledgement of debt evidencing the amount of all indebtedness owing by
the Borrower to the Lender in respect of this Agreement. In the absence of
promissory notes, the Borrower agrees that the statement of account prepared by
the Lender shall be conclusive evidence of the amount of indebtedness owing by
the Borrower to the Lender in respect of this Agreement.
4. Interpretation. All words denoting the singular shall be pluralized
throughout this Agreement as the context requires and all words denoting gender
shall be construed at the context requires and will include a body corporate
where the context requires.
5. Notices. Any notice or statement may be delivered or mailed by prepaid
ordinary mail to the Borrower at the address set out above, and the Borrower
shall be deemed to have received such notice or statement on the date of
delivery if delivered, and five days after mailing if mailed.
6. Enurement. This Agreement is in addition to any other debt instrument,
security or agreement between the Lender and the Borrower, and shall enure to
the benefit of the Lender, its successors and assigns, and shall be binding on
the Borrower, its successors and assigns.
7. Proper Law. This Agreement shall be governed by and construed in accordance
with the laws of Delaware.
8. Conversion. The Lender may convert all or any part of the indebtedness owing
by the Borrower to the Lender into shares of the Borrower at a price which
equals the closing price of the Borrower's common shares on the OTC market on
the trading day which precedes the date that the Lender notifies the Borrower of
such conversion.
IN WITNESS WHEREOF the parties have executed this Agreement as of the day and
year first above written.
COVENTRY CAPITAL LLC VUMEE INC.
Per: /s/ authorized signatory Per: /s/ authorized signatory
-------------------------------- --------------------------------
Authorized Signatory Authorized Signatory