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SABA SOFTWARE INC FILES (8-K) Disclosing Entry into a Material Definitive Agreement, Financial Statements and Exhibits
(Edgar Glimpses Via Acquire Media NewsEdge) Item 1.01. Entry into a Material Definitive Agreement.
Saba Software, Inc. (the "Company") entered into a letter agreement with Wells
Fargo Bank, National Association ("Wells Fargo") and certain wholly-owned
subsidiaries of the Company dated as of January 28, 2013 pursuant to which Wells
Fargo extended to February 28, 2013 the time for the Company to deliver to Wells
Fargo under the terms of the Credit Agreement between parties dated as of
June 27, 2011 (the "Credit Agreement"), the following: (i) the Company's Form
10-Q for its fiscal quarter ended February 29, 2012 ("Third Quarter Form 10-Q")
and related financial statements, (ii) the Company's Form 10-K for its fiscal
year ended May 31, 2012 ("Form 10-K") and related financial statements,
(iii) the Company's Form 10-Q for its fiscal quarter ended August 31, 2012 (the
"First Quarter Form 10-Q"), and related financial statements, and (iv) the
Company's Form 10-Q for its fiscal quarter ended November 30, 2012 (the "Second
Quarter Form 10-Q"), and related financial statements. The Company has
previously reported its delay in filing its Third Quarter Form 10-Q, Form 10-K,
First Quarter Form 10-Q and Second Quarter Form 10-Q as well as the pending
restatement.
A copy of the letter agreement with Wells Fargo is attached hereto as Exhibit
10.1 and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
10.1 Letter Agreement, between the Company, Hal Acquisition Sub, Inc.,
HumanConcepts, LLC, and Wells Fargo Bank, National Association
dated as of January 28, 2013.
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