UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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): June 3, 2009 (May 28, 2009)
ANTS SOFTWARE INC.
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(Exact name of Registrant as specified in its charter)
Delaware 000-16299 13-3054685
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
700 Airport Blvd. Suite 300, Burlingame, CA 94010
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (650) 931-0500
N/A
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(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):
[_] 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))
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Item 1.01 Entry into a Material Definitive Agreement
On or about May 28, 2009, ANTs software inc. (the "Company" or "ANTs") and
Four Js Development Tools, Inc., a Washington, corporation ("Four Js") amended
the terms of a secured promissory note (the "Note") with the effective date of
the amendment being May 18, 2009. The Note specified that a final payment in the
amount of $2,000,000 was to be made by Four Js on May 21, 2009, among other
things. Under the amended terms:
o Four Js agreed to pay, and did pay, $1,500,000 on or before May
21, 2009.
o Four Js agreed to pay the remaining balance of $500,000 (the
"Remaining Balance") on or before the earlier of (x) November 21,
2009, and (y) the close of Four Js receiving financing.
o If the Remaining Balance is paid prior to July 21, 2009, interest
is waived, otherwise the Note bears interest at 5% per annum.
o The maturity date of the Note was amended to November 21, 2009.
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.
ANTs software inc.
Date: June 3, 2009 By: /s/ Joseph Kozak
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Joseph Kozak, Chief Executive
Officer and President