8-K

                                  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): December 12, 2006

                                 --------------

                           ILINC COMMUNICATIONS, INC.
             (Exact name of Registrant as specified in its charter)

            DELAWARE                                              76-0545043
  (State or other jurisdiction                                (I.R.S. Employer
of incorporation or organization)                            Identification No.)

                                     1-13725
                            (Commission File Number)

2999 NORTH 44TH STREET, SUITE 650, PHOENIX, ARIZONA                   85018
   (address of principal executive offices)                         (Zip code)


                                 (602) 952-1200
              (Registrant's telephone number, including area code)

                                 --------------




ITEM 1.01.        ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

         With the assistance of Peacock, Hislop, Staley & Given, Inc., as
placement agent, the Company recently engaged in an offering that was exempt
from registration that sought the extension of the maturity date of its
outstanding senior notes with an aggregate principal balance of $2,962,500. The
senior notes had been issued as a series of notes that are governed by that
certain Unit Purchase and Agency Agreement dated to be effective on April 19,
2004, with the senior notes originally due on July 15, 2007. The Unit Purchase
and Agency Agreement provided that the Senior Notes and the Unit Purchase and
Agency Agreement may be amended by a written amendment approved by a majority of
note holders. Peacock notified the Company that it had obtained the written
affirmative vote of a majority of Noteholders who represent more than 50% of the
outstanding principal balance, and therefore the senior notes and the Unit
Purchase and Agency Agreement were amended as follows:

     All references in the Senior Notes, and all references in the Unit Purchase
     and Agency Agreement, to the "Maturity Date" and/or the "due date" shall be
     amended hereby to reflect the new Maturity Date and due date of July 15,
     2010. All references in the Senior Notes, and all references in the Unit
     Purchase and Agency Agreement (specifically Section 3.1(a)) to the
     "interest rate" or the "Stated Rate," shall be amended and increased to a
     new rate of twelve percent (12%) per annum, with the new increased Stated
     Rate to begin to accrue under this amendment on January 16, 2007, and
     continue thereafter at that increased Stated Rate until maturity or the
     Senior Note is fully paid. All other terms and provisions of the Senior
     Note and the Unit Purchase and Agency Agreement not specifically amended
     hereby shall remain unchanged and without amendment.


On December 12, 2006 iLinc Communications, Inc. issued a press release, a copy
of which is furnished as Exhibit 99.1 to this current report.



ITEM 9.01         FINANCIAL STATEMENTS AND EXHIBITS

(d)      Exhibits
         --------

         10.1     Amendment to Unit Purchase and Agency Agreement
         99.1     Copy of press release issued by iLinc Communications, Inc. on
                  December 12, 2006.









                                    SIGNATURE

         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.

                             ILINC COMMUNICATIONS, INC.


                             By: /s/ James M. Powers, Jr.
                               ------------------------------------------
                             President and Chief Executive Officer
Date:  December 15, 2006











                                  EXHIBIT INDEX


EXHIBIT NUMBER        DESCRIPTION OF EXHIBIT
- --------------        ----------------------

10.1                  Form of Amendment to Unit Purchase and Agency Agreement
99.1                  Copy of press release issued by iLinc Communications, Inc.
                      on December 12, 2006.

EX-10.1

Exhibit 10.1


                            NOTE AMENDMENT AGREEMENT

         This agreement ("Agreement") is by and among iLinc Communications,
Inc., a Delaware corporation ("iLinc" or the "Company"), [Note Holder Name] (the
"Note Holder"), and Cerberus Financial, Inc. (the "Note Agent") (all
collectively called the "Parties"), with this Agreement to be effective on the
closing of the Offering (the "Effective Date"). All capitalized terms used, but
not defined in this Agreement, have the meaning given to them in the Unit
Purchase and Agency Agreement that was executed by and among the Parties on
April 19, 2004 (the "Unit Purchase Agreement").

         WHEREAS, the Note Holder participated in an offering by iLinc to
purchase a unit that consisted of a senior unsecured promissory note (the
"Senior Note"), a copy of which is attached as Exhibit "A," and common stock of
the Company and simultaneously executed the Unit Purchase Agreement;

         WHEREAS, the Parties now wish to modify the terms of the Senior Note
and the Unit Purchase Agreement as provided herein;

         NOW, THEREFORE, for and in consideration of the mutual promises and
covenants contained herein and other good and valuable consideration, the
undersigned Parties do hereby agree as follows:

1.   All references in the Senior Note, and all references in the Unit Purchase
     Agreement, to the "Maturity Date" and the "due date" shall be amended
     hereby to reflect the new Maturity Date and due date of July 15, 2010 (the
     "Maturity Date").

2.   In consideration for the extension of the Senior Note term, all references
     in the Senior Note, and all references in the Unit Purchase Agreement
     (specifically Section 3.1(a) of the Unit Purchase Agreement) to the
     "interest rate" or the "Stated Rate," shall be amended and increased to a
     new "Stated Rate" of twelve percent (12%) per annum, with the new increased
     Stated Rate to begin to accrue under the amended Senior Note on January 16,
     2007, and continue thereafter at that increased Stated Rate until maturity
     or the Senior Note is fully paid.

3.   All other terms and provisions of the Senior Note and the Unit Purchase
     Agreement not specifically amended by this Agreement shall remain unchanged
     and without amendment.

4.   Note Holder hereby represents and warrants to iLinc that Note Holder: is an
     "accredited investor" as that term is defined in Rule 501(a) of Regulation
     D promulgated under the 1933 Act; confirms that the financial and investor
     suitability information provided in the subscription agreement executed
     with the original purchase of the Note remains substantially true and
     correct; has not assigned, pledged or otherwise in any manner whatsoever,
     sold or transferred, any right, title, or interest in the Senior Note; has
     the authority to execute this Agreement and is legally competent to execute
     this Agreement; has obtained any and all necessary consents to give full
     effect to this Agreement; and has relied solely and completely upon its own
     judgment.

5.   The Parties agree to cooperate fully and execute any and all supplementary
     documents and to take all additional actions which may be necessary to give
     full force and effect to the terms and intent of this Agreement. To the
     extent that the provisions of this Agreement conflict with any provision of
     the Senior Note or the Unit Purchase Agreement, then the provisions of this
     Agreement shall control and supersede. The Parties represent each to the
     other that this Agreement has been duly authorized, executed and delivered
     and that it constitutes valid and binding obligations upon the Parties
     hereto and upon their respective successors and assigns.

6.   This Agreement shall become effective: (i) following execution by all of
     the Parties in their respective signature spaces provided below, and (ii)
     upon approval of this Agreement by holders representing more than fifty
     percent (50%) of the outstanding principal balance of the Senior Notes.






         IN WITNESS WHEREOF, the undersigned Parties have executed this
Agreement to be effective on the Effective Date.

[Note Holder Name]

By: /s/ Signature of Note Holder
    ----------------------------------------


CERBERUS FINANCIAL, INC.

By: /s/ Thomas R. Hislop
    ----------------------------------------
Name: Thomas R. Hislop



ILINC COMMUNICATIONS, INC.

By: /s/ James M. Powers, Jr.
    ----------------------------------------
Name: James M. Powers, Jr.

EX-99.1

Exhibit 99.1

             ILINC COMMUNICATIONS ANNOUNCES EXTENSION OF SENIOR DEBT

PHOENIX, Arizona (December 12, 2006) - iLinc Communications, Inc. (AMEX:ILC),
developers of Web conferencing software and audio conferencing solutions, today
announced an agreement to extend its $2.9 million in senior debt until July 15,
2010. The outstanding senior unsecured notes were originally issued in a private
placement that closed in April of 2004, and would have been due in July of 2007.
In consideration for the three year extension, the interest rate was increased
to 12%, but no other compensation in the form of stock or warrants is being
provided to the note holders. Except for the changes in maturity date and
interest rate, all other terms of the existing senior notes and note agent
agreement will remain the same. Phoenix based Peacock, Hislop, Staley and Given,
Inc. acted as placement agent in the original 2004 offering and is acting as
remarketing agent in negotiation of the note extension.

"We are very pleased to have obtained the three year extension on these terms,"
noted James L. Dunn, Jr., Senior Vice President and Chief Financial Officer of
iLinc. "Modifying the existing notes provides a simpler and more efficient
structure than would have been available with traditional bank financing,"
concluded Mr. Dunn.

ABOUT ILINC COMMUNICATIONS, INC.
iLinc Communications, Inc. is a leading developer of award-winning Web
conferencing software and audio conferencing services. The iLinc Suite is used
globally by customers for highly secure and cost-effective collaborative
meetings, presentations, and training sessions. iLinc is one of the few
carrier-class providers that permits the purchase of a perpetual software
license, that may be either installed inside of a customer's network or hosted
by iLinc (SaaS). More information about the Phoenix-based Company may be found
on the Web at www.ilinc.com.

PRESS CONTACT:
James L. Dunn, Jr.
Sr. Vice President & CFO
602-952-1200
pr@ilinc.com


iLinc, iLinc Suite, MeetingLinc, LearnLinc, ConferenceLinc, SupportLinc and its
logos are trademarks or registered trademarks of iLinc Communications, Inc. All
other company names and products may be trademarks of their respective
companies.