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CORECOMM SOLUTIONS INC. FILES (8-K) Disclosing Termination of a Material Definitive Agreement, Change in Directors or Principal Officers, Financial Statements and Exhibits(Edgar Glimpses Via Acquire Media NewsEdge) ITEM 1.02 TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT. On December 2, 2013, CoreComm Solutions Inc. (the "Company") entered into a license agreement (the "License Agreement") with Make Sence, Inc. ("MSI") pursuant to which MSI agreed to grant a license to the Company to commercialize its correlation technology platform (the "Technology") in the education market.The Company was required to make cash payments totalling $500,000 and issue a total of 2,857,142 common shares of the Company in accordance with the terms of the License Agreement. On April 12, 2014, Company received notice from MSI that the License Agreement has been terminated as a result of the Company's failure to make the required license fee payment of $100,000 by April 1, 2014. The above summary is qualified in its entirety by reference to the full text of the License Agreement, a copy of which is filed as exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference. ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS. Effective March 28, 2014, Grant Farkes resigned as a director of CoreComm Solutions Inc. (the "Company"). Mr. Farkes' resignation was not due to, and was not caused by, in whole or in part, any disagreement with the Company, whether related to the Company's operations, policies, practices or otherwise. Effective April 11, 2014, James Hyland resigned as the Chief Financial Officer and as a director of the Company. Mr. Hyland's resignation was not due to, and was not caused by, in whole or in part, any disagreement with the Company, whether related to the Company's operations, policies, practices or otherwise. ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS (d) Exhibits Exhibit Number Description of Exhibit 10.1 License Agreement between the Company and Make Sence, Inc. dated December 2, 2013(1) (1) Attached as an exhibit to our current report on Form 8-K, filed with the SEC on December 4, 2013. 2 -------------------------------------------------------------------------------- |