U.S. 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): November 1, 2012
TEMPCO, INC.
(Name of Small Business Issuer as Specified in Its Charter)
Nevada | 001-10320 | 13-3465289 |
(State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification No.) |
7625 East Via Del Reposo
Scottsdale, AZ 85258
(Address of principal executive offices)
(480) 272-8745
(Issuer’s telephone number)
Check the appropriate box below if the Form 8-K 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-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))
Item 1.01 Entry Into Material Definitive Agreement.
Tempco, Inc. (the “Registrant”) has entered into a Second Amendment to Regional Development Deposit Agreement (the “2nd Amendment”) with Esio Franchising, LLC (“EFC”), effective November 1, 2012. This 2nd Amendment delays the dates upon which the Registrant must purchase its second and subsequent regional franchise developer areas from EFC for an additional three months from November 1, 2012. The expiration dates for the five regional areas commence on February 1, 2013 with the next region option expiring every 3 months thereafter through December 1, 2013. The Registrant paid $25,000 to EFC for this region option extension, of which $22,500 will be credited against the purchase price of a region the Registrant acquires from EFC on or before February 1, 2013.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Second Amendment To Regional Developer Deposit Agreement |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Dated: November 7, 2012 | Tempco, Inc. |
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| By: /s/ Anthony Silverman |
| Anthony Silverman, President and Chief Executive Officer |
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Exhibit 10.1
SECOND AMENDMENT TO REGIONAL DEVELOPER DEPOSIT AGREEMENT
This Second Amendment to Regional Developer Deposit Agreement (“FA”), dated November 1, 2012 (“Effective Date”) by and between ESIO Franchising, LLC, a Delaware Limited Liability Company (“EFC”) and Tempco, Inc. a Nevada Corporation (“TEMO”) (collectively the “Parties”) shall amend that Regional Developer Deposit Agreement (“Deposit Agreement”) executed by and between the parties dated April 11, 2012.
The Parties, by their signatures below, amend the Deposit Agreement as follows:
(1) | The parties agree that TEMO’s deadlines for exercising each of the Option Areas set forth in Section 1.2 of the Deposit Agreement are each extended by ninety (90) days. For the avoidance of confusion, the deadlines for TEMO’s exercise of the Option Areas shall be as follows: |
| A. | Option Area No. 2—February 1, 2013. |
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| B. | Option Area No. 3—April 1, 2013. |
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| C. | Option Area No. 4—June 1, 2013. |
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| D. | Option Area No. 5—October 1, 2013. |
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| E. | Option Area No. 6—December 1, 2013. |
(2) | The Option Period shall expire on December 1, 2013. |
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(3) | Extension Payment. In consideration for ESIO’s agreement to extend certain deadlines set forth in the Deposit Agreement, TEMO shall pay ESIO $25,000 (the “Extension Payment”). The Extension Payment is non-refundable under any circumstances. $22,500 of the Extension Payment will be credited against the amounts payable for the purchase of the Regional Developer rights to the Option Areas unless the Deposit Agreement is terminated pursuant to Section 5 thereof. |
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(4) | Other than the changes to the Deposit Agreement outlined above, the Deposit Agreement shall remain in full force and effect. To the extent that this FA conflicts with the Deposit Agreement, the parties intend for the FA to control. Nothing contained in this FA should be construed as a waiver, release or discharge of any rights or obligations set forth in the Deposit Agreement except as specifically set forth herein. |
ESIO FRANCHISING LLC |
| TEMPCO, INC. |
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/s/ Melanie Hansen |
| /s/ Anthony Silverman |
By: | Melanie Hansen |
| By: | Anthony Silverman |
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Its: | COO |
| Its: | President |
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