UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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 15, 2006
SIRICOMM, INC.
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(Exact name of registrant as specified in its Charter)
Delaware 0-18399 62-1386759
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File No.) Identification No.)
2900 Davis Boulevard, Suite 130, Joplin, Missouri 64804
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(Address of principal executive offices) (Zip Code)
(417) 626-9961
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(Registrant's telephone number, including area code)
N/A
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(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 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 240.24d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.23e-4(c))
Item 1.01 Entry into a Material Agreement
On March 15, 2006, SiriCOMM, Inc.("SiriCOMM" or the "Registrant")
entered into an Amendment Agreement with Idling Solutions, L.L.C., a Texas
limited liability company. This amended agreement amends the Network Access
Services Agreement dated February 7, 2005. The amendment lowers the initial
monthly fee per truck, sets forth minimum purchase requirements, further defines
certain deployment dates and sets the purchase price and payment terms that
SiriCOMM will sell its Pulse Box product to Idling Solutions.
On March 15, 2006, the Registrant entered into an Amendment Agreement
with Sat-Net Communications, L.L.C. ("Sat-Net"), a Texas limited liability
company. The amended agreement amends the Network Installation Agreement dated
February 7, 2005 which provided for, among other things, that Sat-Net was to
provide and install its VSAT/802.11 terminals at SiriCOMM's designated
locations. Pursuant to the amendment, Sat-Net agreed to reimburse SiriCOMM
$50,000 for servers and access points previously delivered to SiriCOMM that no
longer function to SiriCOMM's specificity or are out of warranty. SiriCOMM
agreed to defer the reimbursement and will ultimately forgive such reimbursement
should Sat-Net cause Idling Solutions to purchase at least 20,000 Pulse Box
units from SiriCOMM within the eighteen (18) months from the successful
operational date of SiriCOMM's 900 mhz network.
In addition, Sat-Net agreed to assign 200,000 shares of SiriCOMM's
common stock that was originally issued by SiriCOMM to Sat-Net pursuant to the
Network Installation Agreement.
On March 15, 2006, SiriCOMM entered into an Agreement with DirecTruck,
L.L.C., a Texas limited liability company, whereby SiriCOMM agreed to acquire
from DirecTruck certain proprietary rights, intellectual property, test results
and other rights, title and interest related to the product known as the Pulse
Box. These additional enhancements to the Pulse Box were specifically developed
by DirecTruck outside of SiriCOMM's original intended use of the device and
these enhancements are essential to the intended use of Idling Solutions. This
allows SiriCOMM to own all proprietary information and intellectual property
related to the use of the Pulse Box product.
Sat-Net, Idling Solutions and DirecTruck are affiliated entities.
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Item 9.01 Financial Statements and Exhibits
c) Exhibits
10.1 Amendment Agreement dated March 15, 2006, entered
into between SiriCOMM, Inc. and Idling Solutions,
L.L.C.
10.2 Amendment Agreement dated March 15, 2006, entered
into between SiriCOMM, Inc. and Sat-Net
Communications, L.L.C.
10.3 Agreement dated March 15, 2006, entered into between
SiriCOMM, Inc. and DirecTruck, L.L.C.
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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 thereunto duly authorized.
SIRICOMM, INC.
(Registrant)
Date: March 16, 2006 By: /s/ J. Richard Iler
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J. Richard Iler,
Chief Financial Officer
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