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STARBOARD RESOURCES, INC. FILES (8-K) Disclosing Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits

July 3, 2014



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

On June 3, 2014, the Company entered the First Amendment to the First Amended and Restated Credit Agreement with SOSventures, LLC. ("Amendment"). The First Amended and Restated Credit Agreement with SOSventures, LLC was included as Exhibit 10.6.1 to our Form 10-12G/A dated July 26, 2013.

The Amendment increases the credit agreement amount from $10,000,000 to $20,000,000 and reduces the interest rate from 22% to 18%. The Amendment does not change the termination date, which is February 1, 2016.

Item 9.01 Financial Statements and Exhibits.

Attached as Exhibit 99.1 is the First Amendment to the First Amendment and Restated Credit Agreement with SOSventures, LLC.

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Source: Edgar Glimpses


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