8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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) July 22, 2005

ViewCast.com, Inc.

(Exact Name of Registrant as Specified in Its Charter)

Delaware
(State or Other Jurisdiction of Incorporation)

0-29020	75-2528700
(Commission File Number)	(IRS Employer Identification No.)
17300 North Dallas Parkway, Suite 2000
Dallas, Texas	75248-1191
(Address of Principal Executive Offices)	(Zip Code)

(972) 488-7200
(Registrant’s Telephone Number, Including Area Code)

Not Applicable
(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):

     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))

Item 1.01. Entry into a Material Definitive Agreement

     On July 22, 2005, the Amended and Restated Loan and Security Agreement (the “Agreement”) dated as of October 15, 2003 by and among ViewCast.com, Inc. (the “Registrant”), Osprey Technologies, Inc. and Videoware, Inc. and the Ardinger Family Partnership, Ltd. (the “Lender”) was amended. The general partner of the Lender is H.T. Ardinger, Jr., the Chairman of the Board of the Registrant and the Registrant’s largest stockholder.

     The Agreement was amended as follows:

• The maximum principal amount to be issued under the Revolving Credit Facility (as defined in the Agreement) was increased from $3,500,000 to $4,000,000;

• The commencement date for the principal payments under the Promissory Note due April 1, 2006 was extended from July 31, 2005 to November 30, 2005;

• The mandatory prepayment provision was amended to require that the Borrower prepay $1,100,000 plus any principal amount outstanding under the Revolving Credit Facility in excess of $3,500,000 (the Agreement previously provided that only $1,100,000 was required to be prepaid) from the net proceeds of (i) any loan from a third party to Borrower or a subsidiary of Borrower; (ii) the proceeds of any equity offering by Borrower or a subsidiary of Borrower; or (iii) the sale of Borrower or any subsidiary of Borrower. (The Agreement previously did not require prepayment from the net proceeds of the sale of Borrower or any subsidiary of Borrower.)

• The commencement date for the payment of accrued interest under the Agreement was extended from July 31, 2005 to November 30, 2005.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

     See Item 1.01 above.

Item 9.01 Financial Statements and Exhibits.

     (c) Exhibits

     10.1  Letter Agreement Amending the Revolving and Term Credit Facility dated July 22, 2005.

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.

	VIEWCAST.COM, INC.
Date: July 27, 2005	By:	/s/ Laurie L. Latham
		Laurie L. Latham, Chief Financial Officer

EXHIBIT INDEX

Exhibit No.	Description
10.1	Letter Agreement Amending Revolving and Term Credit Facility dated July 22, 2005.

EX-10.1

EXHIBIT 10.1

July 22, 2005

Mr. Horace T. Ardinger, Jr.
Ardinger Family Partnership, Ltd.
1990 Lakepointe Drive
Lewisville, TX 75057

Dear Mr. Ardinger:

     Reference is made to that certain AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT dated as of October 15, 2003 (as amended, restated or modified from time to time, the “Agreement”), between VIEWCAST.COM, INC., OSPREY TECHNOLOGIES, INC. and VIDEOWARE, INC. (jointly and severally, “Borrower”) and the ARDINGER FAMILY PARTNERSHIP, LTD. (“Lender”). Terms not otherwise defined herein shall have the same meaning as in the Agreement. Borrower and Lender desire to amend the Agreement and certain other Loan Documents effective as of the date of this letter agreement as follows:

(1)	The term “Revolving Credit Facility” (as set forth in Section 2(b) of the Agreement) shall mean an amount not to exceed $4,000,000.00. That certain Amended and Restated Promissory Note (i.e., the “Revolving Credit Note,” as such term is defined in the Agreement) dated as of October 15, 2003 is hereby amended to reflect a notational amount of $4,000,000.00.
(2)	The commencement date for principal payments under that certain Promissory Note (i.e., the “Term Note,” as such term is defined in the Agreement) dated as of October 15, 2003, is hereby amended from July 31, 2005 to November 30, 2005.
(3)	Section 2(e) of the Agreement is amended in its entirety to read as follows:

(e) Mandatory Prepayment of Loans. Borrower shall prepay the Loans under the Revolving Credit Facility in an amount equal to $1,100,000.00 plus the outstanding principal amount of the Loans under the Revolving Credit Facility in excess of $3,500,000.00 as of the Prepayment Date from the net proceeds (the “Net Proceeds”) of: (i) any loan from a third party to Borrower or any subsidiary of Borrower, (ii) any equity offering by Borrower or any subsidiary of Borrower, and (iii) the sale of Borrower or a subsidiary of Borrower (i.e., the sale of the equity interests or substantially all of the assets of such entity). As used in this Section 2(e), the term “Prepayment Date” shall mean the date which is two (2) business days following the receipt of the Net Proceeds.

(4) Section 2(f) of the Agreement is amended in its entirety to read as follows:

(f) Accrued Interest. The Accrued Interest shall be paid in thirty-three (33) equal consecutive monthly installments commencing on November 30, 2005 and continuing on the last Business Day of each calendar month thereafter, with a final payment being made on the Term Maturity Date.

17300 N. Dallas Parkway, Suite 2000 — Dallas, TX 75248 — 972-488-7200 (Phone)   972-488-7299 (Fax)

     Except as expressly modified and superseded by this letter agreement, the Loan Documents are ratified and confirmed and continue in full force and effect. The Loan Documents, as modified by this letter agreement, continue to be legal, valid, binding and enforceable in accordance with their respective terms. Without limiting the generality of the foregoing, Borrower hereby ratifies and confirms that all liens heretofore granted to Lender were intended to, do and continue to secure the full payment and performance of the advances and all obligations under the Loan Documents. Borrower agrees to perform such acts and duly authorizes, executes, acknowledges, delivers, file and record such additional assignments, security agreements, modifications or agreements to any of the foregoing, and such other agreements, documents and instruments as Lender may reasonably request in order to perfect and protect those liens and preserve and protect the rights of Lender in respect to all present and future Collateral.

     If this letter agreement reflects the understanding of the parties, please execute and return a duplicate copy. Please contact George Platt or me should you have any additional questions at 972-488-7285.

Best regards,

VIEWCAST.COM, INC.
By:	/s/ Laurie L. Latham
Name:	Laurie L. Latham
Title:	CFO
OSPREY TECHNOLOGIES, INC.
By:	/s/ Laurie L. Latham
Name:	Laurie L. Latham
Title:	CFO
VIDEOWARE, INC.
By:	/s/ Laurie L. Latham
Name:	Laurie L. Latham
Title:	CFO
	AGREED as of the date first written above.
ARDINGER FAMILY PARTNERSHIP, LTD.
By:	/s/ H.T. Ardinger, Jr.
Name:	H.T. Ardinger, Jr.
Title:	General Partner

17300 N. Dallas Parkway, Suite 2000 — Dallas, TX 75248 — 972-488-7200 (Phone)   972-488-7299 (Fax)