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) November 18, 2005
Greens Worldwide Incorporated
(Exact name of registrant as specified in its charter)
| | | | |
Arizona | | 000-25025 | | 86-0718104 |
(State or other jurisdiction of incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
346 Woodland Church Road, Hertford, North Carolina 27944
(Address of Principal Executive Offices)
Registrant’s telephone number, including area code252-264-2064
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Item 1.01 Entry into Material Definitive Agreement
On the 18th day of November, 2005 Greens Worldwide Incorporated (“GRWW”) and Brittany Capital Management Limited (“Brittany”) entered into an Agreement wherein they made reference to a Private Equity Credit Agreement between GRWW and Brittany in the amount of $30,000,000 which Agreement and the related Registration Rights Agreement were filed with the SEC ass Exhibits 10.2 and 10.3 to Form 8-K with Date of Report of October 25, 2005.
The parties to the above-referenced Agreement agreed to leave both the Private Equity Credit Agreement and Registration Rights Agreement as is, except for (i) increasing the Maximum Commitment Amount from $30,000,0000 to $50,000,000; and (ii) increasing the term of the Agreement from thirty six (36) months to sixty (60) months.
In all other respects the Agreement is to remain exactly as is.
EXHIBITS
| |
Exhibit Number | Description |
10.1 | Agreement dated November 18 by and between Greens Worldwide Incorporated and Brittany Capital Management Limited. |
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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.
Dated: November 18, 2005
Greens Worldwide Incorporated
/s/ R. Thomas Kidd
By: ________________________________
R. Thomas Kidd, President & CEO
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