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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Washington, D.C. 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">__________________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Pursuant to Section 13 or 15(d) of</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">the Securities Exchange Act of 1934</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of Report (Date of earliest event reported):
April 12, 2012</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;__________________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CAREPAYMENT TECHNOLOGIES, INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact name of registrant as specified in
its charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; text-align: center; vertical-align: bottom">Oregon</TD>
    <TD STYLE="width: 34%; padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; text-align: center; vertical-align: bottom">001-16781</TD>
    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; text-align: center; vertical-align: bottom">91-1758621</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; text-align: center; vertical-align: bottom">(State or other jurisdiction of incorporation)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; text-align: center; vertical-align: bottom">(Commission File No.)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; text-align: center; vertical-align: bottom">(IRS Employer Identification No.)</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#9;</P>

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    <TD STYLE="width: 45%; padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; text-align: center; vertical-align: bottom">5300 Meadows Rd., Suite 400, Lake Oswego, Oregon</TD>
    <TD STYLE="width: 10%; padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="width: 45%; padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; text-align: center; vertical-align: bottom">97035</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; text-align: center; vertical-align: bottom">(Address of principal executive offices)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; text-align: center; vertical-align: bottom">(Zip Code)</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(503) 419-3505</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Registrant's telephone number, including
area code)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">__________________________________</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">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 (see General Instruction
A.2. below):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD><TD STYLE="text-align: justify">Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD><TD STYLE="text-align: justify">Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)</TD>
</TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD><TD STYLE="text-align: justify">Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b))</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD><TD STYLE="text-align: justify">Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c))</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 1.01 &#9;Entry into a Material Definitive Agreement.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">CarePayment Technologies,
Inc., an Oregon corporation (the &quot;Company&quot;), and Aequitas Commercial Finance, LLC, an Oregon limited liability company
(&quot;ACF&quot;), are parties to a Business Loan Agreement and Promissory Note, each dated effective September 29, 2011, and each
as amended by Amendment No. 1 to Promissory Note and Business Loan Agreement, dated December 29, 2011, and Amendment No. 2 to Promissory
Note and Business Loan Agreement, dated March 5, 2012 (collectively, the &quot;Loan Documents&quot;), pursuant to which ACF has
agreed to make loans from time to time to the Company. ACF is a wholly-owned subsidiary of Aequitas Holdings, LLC, an Oregon limited
liability company (&quot;Holdings&quot;). As of the date of this Current Report on Form 8-K, Holdings and its affiliates beneficially
own approximately 96% of the Company's Class A Common Stock, no par value per share (the &ldquo;<U>Class A Common</U>&rdquo;),
and control approximately 97% of the Company's voting rights on a fully-diluted basis. Three of the Company's four directors, Brian
A. Oliver, Andrew N. MacRitchie and William C. McCormick, are affiliates of ACF and Holdings.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On April 12, 2012, the
Company and ACF entered into Amendment No. 3 to Promissory Note and Business Loan Agreement pursuant to which (1)&nbsp;effective
April 30, 2012, a total of $2,000,000 of the unpaid principal balance owing under the Loan Documents will convert into shares of
Class A Common at a conversion price of $1.00 per share (the &quot;Conversion&quot;), (2) the aggregate principal amount that the
Company may borrow under the Loan Documents was decreased from $8,000,000 to $6,000,000, and (3)&nbsp;the date on which the outstanding
principal balance of, and all then-accrued but unpaid interest due under, the Loan Documents will become due and payable was extended
to December 31, 2013. As of the date of this Current Report on Form 8-K, and before giving effect to the Conversion, the outstanding
principal balance owing under the Loan Documents is $5,031,000.00. Accrued interest on the unpaid principal balance owing under
the Loan Documents is paid monthly.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Company's obligations
under the Loan Documents continue to be secured pursuant to the Security Agreement, dated effective September 29, 2011, between
the Company and ACF (the &quot;Security Agreement&quot;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The foregoing description
of Amendment No. 3 is qualified in its entirety by reference to Amendment No. 3 filed herewith as Exhibit 10.1 and incorporated
herein by reference. For a description of the material terms of the Loan Documents and the Security Agreement, refer to the Company's
Current Reports on Form 8-K filed October 6, 2011, January 5, 2012 and March 9, 2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Item 3.02&#9;Unregistered Sales of Equity
Securities.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On April 30, 2012,
the Company will issue 2,000,000 shares of Class A Common to ACF for $1.00 per share in connection with the Conversion, which will
result in aggregate proceeds to the Company of $2,000,000 in debt reduction as described above in Item 1 of this Current Report
on Form 8-K. ACF is an accredited investor as that term is defined in Rule 501 of Regulation D promulgated under the Securities
Act of 1933, as amended (the &quot;Securities Act&quot;). The issuance of the shares of Class A Common to ACF will be exempt from
registration under Section 4(2) of the Securities Act and/or Regulation D promulgated thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 9.01 &#9;Financial Statements and Exhibits.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><FONT STYLE="font-size: 10pt">(d)</FONT></TD><TD><U>Exhibit.</U> The following documents are filed as exhibits to this Form 8-K.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">10.1</TD><TD STYLE="text-align: justify">Amendment No. 3 to Promissory Note and Business Loan Agreement, dated April 12, 2012, between CarePayment
Technologies, Inc. and Aequitas Commercial Finance, LLC</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 250.8pt">&nbsp;</P>

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    <TD STYLE="width: 50%; text-autospace: none">&nbsp;</TD>
    <TD STYLE="width: 3%; padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none">&nbsp;</TD>
    <TD STYLE="width: 35%; text-autospace: none">CarePayment Technologies, Inc.</TD>
    <TD STYLE="width: 12%; padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none">&nbsp;</TD>
    <TD STYLE="text-autospace: none">(Registrant)&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none">&nbsp;</TD>
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none">&nbsp;</TD>
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none">Date: April 13, 2012&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none">&nbsp;</TD>
    <TD STYLE="text-autospace: none; border-bottom: Black 1pt solid">/s/ Patricia J. Brown</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none">&nbsp;</TD>
    <TD STYLE="text-autospace: none">Patricia J. Brown&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none">&nbsp;</TD>
    <TD STYLE="text-autospace: none">Chief Financial Officer&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none">&nbsp;</TD></TR>
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{"company-data": {"conformed-name": "CarePayment Technologies, Inc.", "cik": "0001142406", "assigned-sic": "6153", "irs-number": "911758621", "state-of-incorporation": "OR", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-16781", "film-number": "12758215"}, "business-address": {"street1": "5300 MEADOWS ROAD,", "street2": "SUITE 400", "city": "LAKE OSWEGO", "state": "OR", "zip": "97035", "phone": "(503) 419-3505"}, "mail-address": {"street1": "5300 MEADOWS ROAD,", "street2": "SUITE 400", "city": "LAKE OSWEGO", "state": "OR", "zip": "97035"}, "former-company": {"former-conformed-name": "MICROHELIX INC", "date-changed": "20010611"}}
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):
April 12, 2012
__________________________________
CAREPAYMENT TECHNOLOGIES, INC.
(Exact name of registrant as specified in
its charter)
Oregon
001-16781
91-1758621
(State or other jurisdiction of incorporation)
(Commission File No.)
(IRS Employer Identification No.)
5300 Meadows Rd., Suite 400, Lake Oswego, Oregon
97035
(Address of principal executive offices)
(Zip Code)
(503) 419-3505
(Registrant's telephone number, including
area code)
__________________________________
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 (see General Instruction
A.2. below):
¨
Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 	Entry into a Material Definitive Agreement.
CarePayment Technologies,
Inc., an Oregon corporation (the "Company"), and Aequitas Commercial Finance, LLC, an Oregon limited liability company
("ACF"), are parties to a Business Loan Agreement and Promissory Note, each dated effective September 29, 2011, and each
as amended by Amendment No. 1 to Promissory Note and Business Loan Agreement, dated December 29, 2011, and Amendment No. 2 to Promissory
Note and Business Loan Agreement, dated March 5, 2012 (collectively, the "Loan Documents"), pursuant to which ACF has
agreed to make loans from time to time to the Company. ACF is a wholly-owned subsidiary of Aequitas Holdings, LLC, an Oregon limited
liability company ("Holdings"). As of the date of this Current Report on Form 8-K, Holdings and its affiliates beneficially
own approximately 96% of the Company's Class A Common Stock, no par value per share (the "
Class A Common
"),
and control approximately 97% of the Company's voting rights on a fully-diluted basis. Three of the Company's four directors, Brian
A. Oliver, Andrew N. MacRitchie and William C. McCormick, are affiliates of ACF and Holdings.
On April 12, 2012, the
Company and ACF entered into Amendment No. 3 to Promissory Note and Business Loan Agreement pursuant to which (1) effective
April 30, 2012, a total of $2,000,000 of the unpaid principal balance owing under the Loan Documents will convert into shares of
Class A Common at a conversion price of $1.00 per share (the "Conversion"), (2) the aggregate principal amount that the
Company may borrow under the Loan Documents was decreased from $8,000,000 to $6,000,000, and (3) the date on which the outstanding
principal balance of, and all then-accrued but unpaid interest due under, the Loan Documents will become due and payable was extended
to December 31, 2013. As of the date of this Current Report on Form 8-K, and before giving effect to the Conversion, the outstanding
principal balance owing under the Loan Documents is $5,031,000.00. Accrued interest on the unpaid principal balance owing under
the Loan Documents is paid monthly.
The Company's obligations
under the Loan Documents continue to be secured pursuant to the Security Agreement, dated effective September 29, 2011, between
the Company and ACF (the "Security Agreement").
The foregoing description
of Amendment No. 3 is qualified in its entirety by reference to Amendment No. 3 filed herewith as Exhibit 10.1 and incorporated
herein by reference. For a description of the material terms of the Loan Documents and the Security Agreement, refer to the Company's
Current Reports on Form 8-K filed October 6, 2011, January 5, 2012 and March 9, 2012.
Item 3.02	Unregistered Sales of Equity
Securities.
On April 30, 2012,
the Company will issue 2,000,000 shares of Class A Common to ACF for $1.00 per share in connection with the Conversion, which will
result in aggregate proceeds to the Company of $2,000,000 in debt reduction as described above in Item 1 of this Current Report
on Form 8-K. ACF is an accredited investor as that term is defined in Rule 501 of Regulation D promulgated under the Securities
Act of 1933, as amended (the "Securities Act"). The issuance of the shares of Class A Common to ACF will be exempt from
registration under Section 4(2) of the Securities Act and/or Regulation D promulgated thereunder.
Item 9.01 	Financial Statements and Exhibits.
(d)
Exhibit.
The following documents are filed as exhibits to this Form 8-K.
10.1
Amendment No. 3 to Promissory Note and Business Loan Agreement, dated April 12, 2012, between CarePayment
Technologies, Inc. and Aequitas Commercial Finance, LLC
SIGNATURES
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.
CarePayment Technologies, Inc.
(Registrant)
Date: April 13, 2012
/s/ Patricia J. Brown
Patricia J. Brown
Chief Financial Officer