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
September
3, 2008 (August 28, 2008)
Date of
Report (Date of earliest event reported)
_____________________
FortuNet, Inc.
(Exact
name of registrant as specified in its charter)
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Nevada
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000-51703
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88-0252188
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(State
or other jurisdiction
of
incorporation)
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(Commission
File Number)
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(IRS
Employer Identification No.)
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2950 South Highland Drive,
Suite C, Las Vegas, Nevada
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89109
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant's
telephone number, including area code:
(702) 796-9090
_______________________________________________
(Former
name or former address, if changed since last report)
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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:
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[
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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[
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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[
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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[
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item 1.01. Entry into a Material Definitive Agreement
(a )On
August 28, 2008, FortuNet, Inc. (the “Company”) and FKC Highland, LLC
(“Landlord”) entered into the First Amendment to Lease (the “Lease Amendment”).
The Lease Amendment amends that certain Standard Industrial/ Commercial
Multi-Tenant Lease (the “Lease”) dated as of May 6, 2005, by and between the
Company and the Landlord, which was filed as an exhibit to the Company’s
registration statement on Form S-1 filed with the Securities and Exchange
Commission (the “Commission”) on September 16, 2005. Pursuant to the Lease, the
Company rents approximately 22,000 square feet of space which serves as the
Company’s headquarters and manufacturing facility in Las Vegas,
Nevada. Pursuant to the Lease Amendment, the Company and Landlord
have agreed to extend the term of the Lease through September 30,
2013. Additionally, the Lease Amendment provides for an annualized
base rent ranging from $127,344.00 to $164,820.00 during the remaining term of
the Lease.
Concurrent
with the Lease Amendment, the Company and Landlord entered into that certain
Standard Industrial/Commercial Lease-Net (the “New Lease”) dated August 28,
2008. Pursuant to the New Lease, the Company will rent approximately 12,000
square feet of additional space to serve as a manufacturing
facility. The term of the New Lease will extend through September 30,
2013 and the annualized base rent under the New Lease will range from $82,980.00
to $97,080.00 during the term of the New Lease.
The
foregoing description of the Lease Amendment and the New Lease contain a summary
of the material provisions of each of the Lease Amendment and the New
Lease and are qualified in their entirety by reference to the Lease Amendment
and New Lease which are attached hereto as Exhibit 10.18 and 10.19,
respectively, to this current report on Form 8-K and incorporated herein by
reference.
Item 9.01.
Exhibits.
(d)
Exhibits
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Exhibit
No.
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Document
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10.18
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First
Amendment to Lease between FortuNet, Inc. and FKC Highland LLC, dated as
of August 28, 2008
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10.19
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Standard
Industrial/Commercial Lease-Net between FortuNet, Inc. and FKC Highland
LLC, dated as of August 28, 2008
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SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
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FortuNet,
Inc.
(Registrant)
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September
3, 2008
(Date)
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/s/
YURI ITKIS
Yuri
Itkis
Chief Executive
Officer
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EXHIBIT INDEX
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Exhibit
No.
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Document
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10.18
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First
Amendment to Lease between FortuNet, Inc. and FKC Highland LLC, dated as
of August 28, 2008
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10.19
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Standard
Industrial/Commercial Lease-Net between FortuNet, Inc. and FKC Highland
LLC, dated as of August 28,
2008
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