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): MARCH 24, 2009
INTERPLAY ENTERTAINMENT CORP.
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(Exact name of registrant as specified in its charter)
DELAWARE 0-24363 33-0102707
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) file number) Identification No.)
100 N. CRESCENT DRIVE, BEVERLY HILLS, CALIFORNIA 90210
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(Address of principal executive offices)
(Registrant's telephone number, including area code): (310) 432-1958
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-2)
[_] 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 March 24, 2009, the Company entered into an Intellectual Property Purchase
and Sale Agreement with Interactive Game Group LLC (I2G) to acquire all rights
title and interest owned by I2G in the following franchises: "Conquer Series",
"M1 Tank Platoon Series" and "Subwar".
ITEM 3.02 UNREGISTERED SALE OF EQUITY SECURITIES
[See Item 1.01 above.]
On March 24, 2009 the Company sold to Microprose, LLC, an affiliate of I2G,
5,454,967 shares of Common Stock of the Company and issued a warrant to purchase
1,677,483 shares of Common Stock of the Company for a total consideration of
$327,298. Such shares and warrant were issued, and any underlying shares of
Common Stock would be issued, in a private placement exempt from registration
pursuant to section 4(2) of the Securities Act of 1933. Such warrant has a term
of 3 years, an exercise price of $0.06, is immediately exercisable, and was
issued in accordance with the terms of the Form of Warrant Agreement filed as
Exhibit 10.07 to the Company's Form 10-Q for the period ended March 31, 2008.
On October 22, 2008 and on December 5, 2008 the Company sold to two private
investors a total of 284,667 shares of Common Stock of the Company for a total
consideration of $27,620.00. Such shares were issued, in a private placement
exempt from registration pursuant to section 4(2) of the Securities Act of 1933.
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.
INTERPLAY ENTERTAINMENT CORPORATION
(Registrant)
DATE: MARCH 27, 2009 By /S/ HERVE CAEN
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Herve Caen
Chief Executive Officer and Interim
Chief Financial Officer
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