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):
October 27, 2000
Commission File Number: 001-13217
THE ORLANDO PREDATORS ENTERTAINMENT, INC.
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(Exact name of small business issuer as specified in its charter)
Florida 91-1796903
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(State or Other Jurisdiction of (I.R.S. Employer Identification Number)
Incorporation or Organization)
741 Front Street
Suite 140
Celebration, Florida 34747
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(Address of Principal Executive Offices)
Issuer's Telephone Number: (407) 566-2493
400 West Church Street
Orlando, Florida 32801
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(Former name or former address, if changed since last report)
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Item 2. Acquisition of Assets
On October 27, 2000 the IFL Acquisition Company LLC (IFL Acquisition is a
wholly owned subsidiary of arenafootball2 ("af2") Enterprises) purchased the
Indoor Football League ("IFL"). As part of the purchase agreement, Orlando
Predators Entertainment, Inc. ("OPE") agreed to a three (3) year promissory note
made payable to the IFL Acquisition Company ("IFLA") in the amount of $1.75
million with a 6% annual interest rate, 214,286 shares of Class A common stock
at $3.50 per share and $1.1 million in cash. In return, OPE will receive three
(3) franchises in arenafootball2 (the Arena Football League's minor league
system) and the first $1.0 million in af2 expansion fees in former IFL markets.
In addition, OPE will receive all assets of the IFL, such as turf fields,
football equipment and office equipment.
10.15 Financial Accommodations Agreement
10.16 Acknowledgement
10.17 Covenant to Pay Expansion Fees
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 hereunto duly authorized.
Orlando Predators Entertainment, Inc.
(Registrant)
By: /s/ Jeffrey L. Bouchy
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Jeffrey L. Bouchy, Chief Financial Officer
Dated: November 9, 2000
