Entry into Material Definitive

On October 16, 2015, SofTech, Inc. (SofTech) entered into an agreement with EssigPR, Inc. (EssigPR) a Puerto Rico corporation to amend its existing $300,000 short term debt agreement (the Short Term Note) to extend the due date by three months from October 10, 2015 to January 10, 2016 and increase the principal due on the Short Term Note from $300,000 to $700,000. The Short Term Note increase was funded in three installments: 8/5/15: $200,000; 9/2/15: $100,000; and 9/17/15: $100,000. The interest rate on the Short Term Note is 9.5%, payable quarterly in arrears and can be repaid at any time without penalty.

Item 9.01

Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.



Amendment No. 3 to Term Note


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.


Date: October 16, 2015


/s/ Joseph P. Mullaney

Joseph P. Mullaney

President & Chief Executive Officer

Exhibit Index

Exhibit No.



Amendment No. 3 to Term Note

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Other recent filings from the company include the following:

Notification of inability to timely file Form 10-Q or 10-QSB - Oct. 16, 2017

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