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