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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) October 25, 1996
AW Computer Systems, Inc.
(Exact name of registrant as specified in its charter)
New Jersey 0-10329 22-199198
(State or other jurisdiction (Commission File Number) (IRS Employer Ident-
of incorporation) ification Number)
9000A Commerce Parkway, Mount Laurel, New Jersey 08054
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (609) 234-3939
N/A
(Former name or former address, if changed since last report.)
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Item 5. Other Events.
On October 25, 1996, AW Computer Systems, Inc. (the "Company") entered
into a letter agreement with Fleet Bank N.A., pursuant to which the Bank agreed
to extend the period for repayment of the outstanding indebtedness in the
aggregate amount of $570,368.00 owing to the Bank by the Company from December
31, 1996 to December 31, 1997. As consideration for the aforesaid extension, the
Company issued warrants to the Bank to purchase 50,000 of its Class A Common
Shares. The warrants are exercisable at $1.25 per share and expire on December
31, 1998. In addition, the Bank is entitled to certain piggyback registration
rights.
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Signature
In accordance with 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.
AW COMPUTER SYSTEMS, INC.
(Registrant)
Date: October 31, 1996 /s/Charles F. Trapp
Charles F. Trapp
Vice President, Finance
