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) April 18, 2008
Asianada, Inc.
(Exact name of registrant as specified in its charter)
Delaware | 333-136806 | 98-0539032 |
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
2121 Avenue of the Stars, Suite 2550
Los Angeles, CA 90067
(Address of principal executive
offices including zip code)
(310) 601-2500
(Registrant’s telephone number,
including area code)
N.A.
(Former name or former address, if changed since last report)
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 April 18, 2007, Driftwood Ventures, Inc. (the “Company” or the “Registrant”) executed a second amendment to the loan agreement with Trinad Capital Master Fund, Ltd. (“Trinad”) whereby Trinad agreed to amend that certain letter agreement dated October 24, 2007, as subsequently amended on November 21, 2007 (the “Loan Agreement”), to (i) increase the principal amount of the loan (the “Loan”) from $250,000 to up to $500,000 and (ii) increase the entire outstanding principal amount of the Loan and any accrued interest thereon, which shall be due and payable by the Company upon, and not prior to, a Next Financing (as defined in the Loan Agreement), to an amount of not less than $750,000. Except as amended, all of the terms and conditions of the Loan Agreement are ratified and confirmed, and remain in full force and effect.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information contained in Item 1.01 of this Current Report on Form 8-K is incorporated by reference herein and made a part hereof.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
EXHIBIT NUMBER | DESCRIPTION | |
10.1 | Amendment 2 to Loan Agreement with Trinad Capital Master Fund, Ltd., dated April 18, 2008. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Asianada, Inc. (Registrant) | ||
Dated: April 18, 2008 | By: | /s/ Charles Bentz |
Charles Bentz | ||
Chief Financial Officer |