SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 of 15(d) of
the Securities Exchange Act of 1934
January 30, 2013
Date of Report (Date of earliest event reported)
(Exact name of registrant as specified in its charter)
7555 Irvine Center Drive
Irvine, California 92618
(Address of principal executive offices)
(Registrants telephone number, including area code)
(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 issuer under any of the following provisions:
On January 30, 2013, Local Corporation (the Registrant) and its wholly owned subsidiaries, Krillion, Inc. and Screamin Media Group, Inc. (Subsidiaries) entered into that certain Fourth Amendment to Loan and Security Agreement (the Amendment) with Square One Bank, which amends the Loan and Security Agreement by and between the Registrant, the Subsidiaries and Square One Bank dated August 3, 2011 (the Agreement). The Amendment modifies the definition of Non-Formula Revolving Line by increasing the amount from $3.0 million to $5.0 million for the period of January 30, 2013, to March 1, 2013, while removing for calendar quarters subsequent to the quarter ending March 31, 2013 the quarterly modification of the Non-Formula Revolving Line amount from $3.0 million to $5.0 million for a period of no more than thirty (30) days during each such quarterly period.
The information contained in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.
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.