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8-K Bank amendment &amp; Auditor Change
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align=center><FONT
style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman, serif"><STRONG>UNITED
STATES</STRONG></FONT></DIV>
<DIV
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align=center><FONT
style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman, serif"><STRONG>SECURITIES
AND EXCHANGE COMMISSION</STRONG></FONT></DIV>
<DIV
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align=center><FONT
style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman, serif"><STRONG>WASHINGTON,
DC 20549</STRONG></FONT><BR></DIV>
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align=center><FONT
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<DIV
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align=center><FONT
style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman, serif"><STRONG>FORM
8-K</STRONG></FONT></DIV>
<DIV
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align=center><FONT
style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman, serif"></FONT>&nbsp;</DIV>
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      <DIV
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      align=center><FONT
      style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman, serif"><STRONG>CURRENT
      REPORT </STRONG></FONT></DIV></TD></TR>
  <TR>
    <TD vAlign=top align=middle width="66%">
      <DIV
      style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
      align=center><FONT
      style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman, serif"><STRONG>Pursuant
      to Section 13 or 15(d) of the</STRONG></FONT></DIV></TD></TR>
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      <DIV
      style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
      align=center><FONT
      style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman, serif"><STRONG>Securities
      Exchange Act of 1934</STRONG></FONT></DIV></TD></TR></TABLE></DIV>
<DIV
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align=center><FONT
style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman, serif"></FONT>&nbsp;</DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 12.2pt"
align=center><FONT
style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman, serif">Date
of report (Date of earliest event reported): February 9, 2005 ( January 31,
2005)</FONT></DIV>
<DIV
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align=center><BR></DIV>
<DIV
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align=center><BR></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 12.2pt"
align=center><FONT
style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman, serif"><STRONG>ENTRADA
NETWORKS, INC.</STRONG></FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 12.2pt"
align=center><FONT
style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman, serif">(Exact
Name of Registrant as Specified in Charter)</FONT></DIV>
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style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 12.2pt"
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    <TD vAlign=top align=left width="29%">
      <DIV
      style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
      align=left><FONT
      style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman, serif"><STRONG>Delaware</STRONG></FONT></DIV></TD>
    <TD vAlign=top align=left width="20%">
      <DIV
      style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
      align=left><FONT
      style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman, serif"><STRONG>000-26952</STRONG></FONT></DIV></TD>
    <TD vAlign=top align=left width="17%">
      <DIV
      style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
      align=left><FONT
      style="DISPLAY: inline; FONT-SIZE: 12pt; COLOR: #000000; FONT-FAMILY: Times New Roman, serif"><STRONG>33-0676350</STRONG></FONT></DIV></TD></TR>
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      <DIV
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      align=left><FONT
      style="DISPLAY: inline; FONT-SIZE: 12pt; COLOR: #000000; FONT-FAMILY: Times New Roman, serif">(State
      or Other Jurisdiction</FONT></DIV></TD>
    <TD vAlign=top align=left width="20%">
      <DIV
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      align=left><FONT
      style="DISPLAY: inline; FONT-SIZE: 12pt; COLOR: #000000; FONT-FAMILY: Times New Roman, serif">(Commission</FONT></DIV></TD>
    <TD vAlign=top align=left width="17%">
      <DIV
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      align=left><FONT
      style="DISPLAY: inline; FONT-SIZE: 12pt; COLOR: #000000; FONT-FAMILY: Times New Roman, serif">(IRS
      Employer</FONT></DIV></TD></TR>
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    <TD vAlign=top align=left width="29%">
      <DIV
      style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
      align=left><FONT
      style="DISPLAY: inline; FONT-SIZE: 12pt; COLOR: #000000; FONT-FAMILY: Times New Roman, serif">of
      Incorporation</FONT></DIV></TD>
    <TD vAlign=top align=left width="20%">
      <DIV
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      align=left><FONT
      style="DISPLAY: inline; FONT-SIZE: 12pt; COLOR: #000000; FONT-FAMILY: Times New Roman, serif">File
      Number)</FONT></DIV></TD>
    <TD vAlign=top align=left width="17%">
      <DIV
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      align=left><FONT
      style="DISPLAY: inline; FONT-SIZE: 12pt; COLOR: #000000; FONT-FAMILY: Times New Roman, serif">Identification
      No.)</FONT></DIV></TD></TR></TABLE></DIV>
<DIV
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align=left><BR></DIV>
<DIV align=center>
<TABLE cellSpacing=0 cellPadding=0 width="75%" border=0>
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    <TD vAlign=top align=left width="51%">
      <DIV
      style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
      align=left><FONT
      style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman, serif"><STRONG>5755
      Oberlin Drive, Suite 204, San Diego, California </STRONG></FONT></DIV></TD>
    <TD vAlign=top align=left width="15%">
      <DIV
      style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
      align=left><FONT
      style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman, serif"><STRONG>92121</STRONG></FONT></DIV></TD></TR>
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    <TD vAlign=top align=left width="51%">
      <DIV
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      align=left><FONT
      style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman, serif">(Address
      of Principal Executive Offices)</FONT></DIV></TD>
    <TD vAlign=top align=left width="15%">
      <DIV
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      align=left><FONT
      style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman, serif">(Zip
      Code)</FONT></DIV></TD></TR></TABLE></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 90pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 12.2pt"
align=left><BR></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 12.2pt"
align=center><FONT
style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman, serif">Registrant&#8217;s
Telephone Number, including area code </FONT><FONT
style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman, serif"><STRONG>(858)
597-1102</STRONG></FONT></DIV>
<DIV
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align=left><BR></DIV>
<DIV
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align=left><BR></DIV>
<DIV
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align=left><FONT
style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman, serif">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 (</FONT><FONT
style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman, serif"><EM>see
</EM></FONT><FONT
style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman, serif">General
Instruction A.2. below):</FONT></DIV>
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align=left><BR></DIV>
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      align=left><FONT
      style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Wingdings">o</FONT></DIV></TD>
    <TD vAlign=top align=left width="67%">
      <DIV
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      align=left><FONT
      style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman, serif">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</FONT></DIV></TD></TR>
  <TR>
    <TD vAlign=top align=left width="8%">
      <DIV
      style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
      align=left><FONT
      style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman, serif"></FONT>&nbsp;</DIV></TD>
    <TD vAlign=top align=left width="67%">
      <DIV
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      align=left><FONT
      style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman, serif"></FONT>&nbsp;</DIV></TD></TR>
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    <TD vAlign=top align=left width="8%">
      <DIV
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      align=left><FONT
      style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Wingdings">o</FONT></DIV></TD>
    <TD vAlign=top align=left width="67%">
      <DIV
      style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
      align=left><FONT
      style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman, serif">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</FONT></DIV></TD></TR>
  <TR>
    <TD vAlign=top align=left width="8%">
      <DIV
      style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
      align=left><FONT
      style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman, serif"></FONT>&nbsp;</DIV></TD>
    <TD vAlign=top align=left width="67%">
      <DIV
      style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
      align=left><FONT
      style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman, serif"></FONT>&nbsp;</DIV></TD></TR>
  <TR>
    <TD vAlign=top align=left width="8%">
      <DIV
      style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
      align=left><FONT
      style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Wingdings">o</FONT></DIV></TD>
    <TD vAlign=top align=left width="67%">
      <DIV
      style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
      align=left><FONT
      style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman, serif">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</FONT></DIV></TD></TR>
  <TR>
    <TD vAlign=top align=left width="8%">
      <DIV
      style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
      align=left><FONT
      style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman, serif"></FONT>&nbsp;</DIV></TD>
    <TD vAlign=top align=left width="67%">
      <DIV
      style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
      align=left><FONT
      style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman, serif"></FONT>&nbsp;</DIV></TD></TR>
  <TR>
    <TD vAlign=top align=left width="8%">
      <DIV
      style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
      align=left><FONT
      style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Wingdings">o</FONT></DIV></TD>
    <TD vAlign=top align=left width="67%">
      <DIV
      style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
      align=left><FONT
      style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman, serif">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</FONT></DIV></TD></TR></TABLE></DIV>
<DIV
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<DIV align=left><STRONG>Item 1.01. Entry into a Material Definitive
Agreement.&nbsp;</STRONG></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify><STRONG></STRONG>&nbsp;</DIV>
<DIV
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align=justify>&nbsp;</DIV>
<DIV
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align=left>The information contained in Item 2.03 below is hereby incorporated
by reference into this Item 1.01. </DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify>&nbsp;</DIV>
<DIV
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align=left><STRONG>Item 2.03. Creation of a Direct Financial Obligation or an
Obligation under an Off-Balance Sheet Arrangement of a
Registrant.&nbsp;</STRONG></DIV>
<DIV
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align=justify>&nbsp;</DIV>
<DIV
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align=left><FONT id=TAB2
style="LETTER-SPACING: 9pt">&nbsp;&nbsp;&nbsp;</FONT>&nbsp;On December 14, 2004,
Entrada Networks, Inc. and each of its subsidiaries, Rixon Networks, Inc., Sync
Research, Inc., and Torrey Pines Networks, Inc., including its subsidiary,
Microtek Systems, Inc. (collectively, "Entrada"), executed that certain
Amendment to Loan Documents and that certain Loan and Security Agreement
(together, the "Amended and Restated Loan Agreement") with Silicon Valley Bank,
a California chartered bank ("Silicon Valley Bank") effective as of December 14,
2004, which amends and restates that certain Loan and Security Agreement between
Entrada and Silicon Valley Bank and dated February 20, 2001, as amended through
December 13, 2004 (the "Prior Loan Agreement"). </DIV>
<DIV
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align=justify>&nbsp;</DIV>
<DIV
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align=left><FONT id=TAB2
style="LETTER-SPACING: 9pt">&nbsp;&nbsp;&nbsp;</FONT>&nbsp;Under the Amended and
Restated Loan Agreement, Silicon Valley Bank may, in its sole discretion, make
advances to Entrada against Eligible Accounts (as defined in the Amended and
Restated Loan Agreement) of Rixon Networks, Sync Research, Torrey Pines and
Microtek Systems. The principal amount of such advances will not exceed 75% of
the face amount of Eligible Accounts of each of Rixon Networks and Sync Research
and 80% of the face amount of Eligible Accounts of each of Torrey Pines and
Microtek Systems, subject to certain adjustments. Silicon Valley Bank may change
these percentages at any time in its sole discretion. The aggregate face amount
of all Financed Receivables (defined as those Eligible Accounts against which
Silicon Valley Bank makes advances to Entrada) outstanding at any time may not
exceed $1.0 million. In addition, Silicon Valley Bank has no obligation to make
advances to Entrada in excess of $800,000 in the aggregate at any time
outstanding. </DIV>
<DIV
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align=justify>&nbsp;</DIV>
<DIV
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align=left><FONT id=TAB2
style="LETTER-SPACING: 9pt">&nbsp;&nbsp;&nbsp;</FONT>&nbsp;Amounts borrowed
under the Amended and Restated Loan Agreement accrue interest at an annual rate
equal to Silicon Valley Bank&#8217;s prime rate plus 5% ( 10.25% at December 31,
2004). The minimum monthly interest payment during the term of the Amended and
Restated Loan Agreement is $750. Pursuant to the Amended and Restated Loan
Agreement, Entrada is also subject to a monthly "collateral handling fee" of
0.75% of the Financed Receivable Balance (as defined in the Amended and Restated
Loan Agreement) for each Financed Receivable outstanding, based upon a 360 day
year. Upon an Event of Default (as defined in the Amended and Restated Loan
Agreement), the annual interest rate will increase by an additional 5% and the
collateral handling fee will increase by an additional 0.50%. </DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify>&nbsp;</DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=left><FONT id=TAB2
style="LETTER-SPACING: 9pt">&nbsp;&nbsp;&nbsp;</FONT>&nbsp;Under the Amended and
Restated Loan Agreement, Entrada is obligated to repay amounts advanced against
each Financed Receivable, including all related and accrued interest, other
finance charges and the collateral handling fee, upon the earlier of (i) the
date on which payment of the Financed Receivable is received; (ii) the date on
which the Financed Receivable no longer qualifies as an Eligible Account; (iii)
the date on which any Adjustment (as defined in the Amended and Restated Loan
Agreement) is asserted against the Financed Receivable (to the extent of such
Adjustment); (iv) the date on which Entrada breaches certain representations and
warranties or any covenant under the Amended and Restated Loan Agreement; or (v)
expiration of the Amended and Restated Loan Agreement. </DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify>&nbsp;</DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=left><FONT id=TAB2
style="LETTER-SPACING: 9pt">&nbsp;&nbsp;&nbsp;</FONT>&nbsp;To secure Entrada&#8217;s
repayment of amounts borrowed under the Amended and Restated Loan Agreement,
Entrada granted to Silicon Valley Bank a security interest in substantially all
of its assets, including its intellectual property rights, now owned or
hereafter acquired. Upon an Event of Default, Silicon Valley Bank may pursue a
variety of remedies including, but not limited to, ceasing to make advances to
Entrada, declaring all of Entrada&#8217;s indebtedness to Silicon Valley Bank
immediately due and payable, and taking possession and disposing of the
collateral securing performance of Entrada&#8217;s obligations under the Amended and
Restated Loan Agreement. Pursuant to the Amended and Restated Loan Agreement, an
Event of Default includes, but is not limited to, Entrada&#8217;s failure to timely
repay its indebtedness to Silicon Valley Bank, Entrada&#8217;s failure to perform any
material term, provision or covenant included in the Amended and Restated Loan
Agreement, the occurrence of a Material Adverse Change to Entrada (as defined in
the Amended and Restated Loan Agreement), the insolvency of Entrada, and certain
defaults by Entrada under agreements with third parties. </DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify>&nbsp;</DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=left><FONT id=TAB2
style="LETTER-SPACING: 9pt">&nbsp;&nbsp;&nbsp;</FONT>&nbsp;The Amended and
Restated Loan Agreement was to expire on December 17, 2004. However, on December
22, 2004, Entrada and Silicon Valley Bank executed that certain Amendment to
Loan Documents, effective as of December 22, 2004 (the "Loan Agreement
Amendment"), pursuant to which the parties extended the expiration date of the
Amended and Restated Loan Agreement to January 30, 2005. </DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=left>&nbsp;</DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=left><FONT id=TAB2
style="LETTER-SPACING: 9pt">&nbsp;&nbsp;&nbsp;</FONT>&nbsp;On February 8, 2005,
Entrada and Silicon Valley Bank executed that certain Amendment to Loan
Documents, effective as of February 8, 2004 (the "Loan Agreement Amendment"),
pursuant to which the parties extended the expiration date of the Amended and
Restated Loan Agreement to March 1, 2005. </DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=left>&nbsp;</DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=left><FONT id=TAB2
style="LETTER-SPACING: 9pt">&nbsp;&nbsp;&nbsp;</FONT>&nbsp;Descriptions in this
Current Report of the Amended and Restated Loan Agreement and the Loan Agreement
Amendment are incomplete and are qualified in their entirety by reference to
copies of such documents which were filed as Exhibits 10.1, 10.2, 10.3 on
January 7, 2005, respectively, which exhibits are incorporated herein by
reference. </DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=justify></FONT>&nbsp;</DIV></DIV>
<DIV><STRONG>Item 4.01. Changes in Registrant&#8217;s Certifying
Accountant.</STRONG></DIV>
<DIV>
<DIV align=left>
<DIV align=left>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=left><FONT
style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman, serif"><BR>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=left><FONT
style="DISPLAY: inline; FONT-SIZE: 12pt; COLOR: #000000; FONT-FAMILY: Times New Roman, serif">(a)
Previous independent accountants</FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=left>&nbsp;</DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=left><FONT
style="DISPLAY: inline; FONT-SIZE: 12pt; COLOR: #000000; FONT-FAMILY: Times, serif"></FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=left><FONT id=TAB1 style="MARGIN-LEFT: 36pt"></FONT><FONT
style="DISPLAY: inline; FONT-SIZE: 12pt; COLOR: #000000; FONT-FAMILY: Times New Roman, serif">On
January 31, 2005, BDO Seidman, LLP ("BDO"), our independent accountants, were
dismissed by the Audit Committee of our Board of Directors, which thereafter
approved the selection of new independent accountants, as described
below.</FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=left>&nbsp;</DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=left><FONT
style="DISPLAY: inline; FONT-SIZE: 12pt; COLOR: #000000; FONT-FAMILY: Times, serif"></FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=left><FONT id=TAB1 style="MARGIN-LEFT: 36pt"></FONT><FONT
style="DISPLAY: inline; FONT-SIZE: 12pt; COLOR: #000000; FONT-FAMILY: Times New Roman, serif">The
reports of BDO on our financial statements for the fiscal years ended January
31, 2003 and 2004 did not contain any adverse opinion or a disclaimer of
opinion, and were not qualified or modified as to uncertainty, audit scope or
accounting principles. In connection with the audits of the our two most recent
fiscal years ended January 31, 2003 and 2004, and for the subsequent interim
periods preceding this dismissal, there were no disagreements with BDO on any
matter of accounting principles or practices, financial statement disclosure, or
auditing scope or procedures, which disagreements, if not resolved to the
satisfaction of BDO, would have caused BDO to make reference to the subject
matter of the disagreement in connection with its reports on our financial
statements for such years or interim periods.</FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=left>&nbsp;</DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=left><FONT
style="DISPLAY: inline; FONT-SIZE: 12pt; COLOR: #000000; FONT-FAMILY: Times, serif"></FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=left><FONT id=TAB1 style="MARGIN-LEFT: 36pt"></FONT><FONT
style="DISPLAY: inline; FONT-SIZE: 12pt; COLOR: #000000; FONT-FAMILY: Times New Roman, serif">We
have provided a copy of this report to BDO and requested that it furnish a
letter addressed to the SEC stating whether it agrees with the statements made
by us in response to this item. A copy of that letter, dated February 3, 2005 is
filed as Exhibit 16.1 of this Form 8-K.</FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=left><FONT
style="DISPLAY: inline; FONT-SIZE: 12pt; COLOR: #000000; FONT-FAMILY: Times, serif"></FONT>&nbsp;</DIV></FONT></DIV></DIV></DIV></DIV>
<DIV>&nbsp;</DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT
style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman, serif"><STRONG>Item&nbsp;9.01.</STRONG></FONT><FONT
id=TAB2 style="COLOR: black; LETTER-SPACING: 5.75pt">&nbsp;&nbsp;&nbsp;</FONT>
<FONT
style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><STRONG>Financial
Statements and Exhibits</STRONG></FONT></DIV>
<DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 12.25pt"
align=left><BR></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 12.25pt"
align=left><FONT
style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman, serif">(c)
Exhibits. </FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 12.25pt"
align=left>&nbsp;</DIV>
<DIV><BR>
<DIV align=center>
<TABLE cellSpacing=0 cellPadding=0 width="85%" border=0>
  <TR>
    <TD vAlign=top align=left width="8%">&nbsp;</TD>
    <TD vAlign=top align=left width="32%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: black thin solid" vAlign=top align=middle
    width="19%" colSpan=2>
      <DIV
      style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
      align=center><FONT
      style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman, serif"><STRONG>Incorporated
      by Reference</STRONG></FONT></DIV></TD>
    <TD vAlign=top align=left width="8%">&nbsp;</TD></TR>
  <TR>
    <TD vAlign=bottom align=left width="8%">
      <DIV
      style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
      align=left><FONT
      style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman, serif"><STRONG>Exhibit</STRONG></FONT></DIV></TD>
    <TD style="BORDER-BOTTOM: black thin solid" vAlign=bottom align=middle
    width="32%" rowSpan=2>
      <DIV
      style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
      align=center><FONT
      style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman, serif"><STRONG>Exhibit
      Description</STRONG></FONT></DIV></TD>
    <TD style="BORDER-BOTTOM: black thin solid" vAlign=bottom align=middle
    width="8%" rowSpan=2>
      <DIV
      style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
      align=center><FONT
      style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman, serif"><STRONG>Form</STRONG></FONT></DIV></TD>
    <TD style="BORDER-BOTTOM: black thin solid" vAlign=bottom align=middle
    width="11%" rowSpan=2>
      <DIV
      style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
      align=center><FONT
      style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman, serif"><STRONG>Filing
      Date</STRONG></FONT></DIV></TD>
    <TD vAlign=bottom align=middle width="8%">
      <DIV
      style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
      align=center><FONT
      style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman, serif"><STRONG>Filed</STRONG></FONT></DIV></TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: black thin solid" vAlign=bottom align=left
    width="8%">
      <DIV
      style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
      align=left><FONT
      style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman, serif"><STRONG>Number</STRONG></FONT></DIV></TD>
    <TD style="BORDER-BOTTOM: black thin solid" vAlign=bottom align=middle
    width="32%">
      <DIV
      style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
      align=center><FONT
      style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman, serif"><STRONG>Herewith</STRONG></FONT></DIV></TD></TR>
  <TR>
    <TD vAlign=top align=right width="8%">
      <DIV><FONT
      style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">10.1&nbsp;</FONT></DIV></TD>
    <TD vAlign=top align=left width="32%"><FONT
      style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      <DIV align=left>Silicon Valley Bank Loan and Security Agreement dated
      December 14, 2004</DIV>
      <DIV align=left>&nbsp;</DIV></FONT></TD>
    <TD vAlign=top align=middle width="8%"><FONT
      style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&nbsp;8-K</FONT></TD>
    <TD vAlign=top align=middle width="11%"><FONT
      style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">January
      7, 2005&nbsp;</FONT></TD>
    <TD vAlign=top align=middle width="8%"><FONT
      style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><FONT
      face=Wingdings>o</FONT></FONT></TD></TR>
  <TR>
    <TD vAlign=top align=right width="8%"><FONT
      style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">10.2&nbsp;</FONT></TD>
    <TD vAlign=top align=left width="32%">
      <DIV><FONT
      style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&nbsp;Silicon
      Valley Bank Amendment to Loan Documents dated December 14,
      2004</FONT></DIV>
      <DIV><FONT size=2></FONT>&nbsp;</DIV></TD>
    <TD vAlign=top align=middle width="8%"><FONT
      style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">8-K&nbsp;</FONT></TD>
    <TD vAlign=top align=middle width="11%"><FONT
      style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">January
      7, 2005&nbsp;</FONT></TD>
    <TD vAlign=top align=middle width="8%"><FONT
      style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><FONT
      face=Wingdings>o</FONT></FONT></TD></TR>
  <TR>
    <TD vAlign=top align=right width="8%"><FONT
      style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">10.3&nbsp;</FONT></TD>
    <TD vAlign=top align=left width="32%"><FONT
      style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      <DIV align=left>Silicon Valley Bank Amendment to Loan Documents dated
      December 22, 2004</DIV>
      <DIV align=left>&nbsp;</DIV></FONT></TD>
    <TD vAlign=top align=middle width="8%"><FONT
      style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">8-K&nbsp;</FONT></TD>
    <TD vAlign=top align=middle width="11%"><FONT
      style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">January
      7, 2005&nbsp;</FONT></TD>
    <TD vAlign=top align=middle width="8%"><FONT
      style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><FONT
      face=Wingdings>o</FONT></FONT></TD></TR>
  <TR>
    <TD vAlign=top align=right width="8%"><FONT
      style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">10.4&nbsp;</FONT></TD>
    <TD vAlign=top align=left width="32%"><FONT
      style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      <DIV align=left>Silicon Valley Bank Amendment to Loan Documents dated
      February 8, 2005</DIV>
      <DIV align=left>&nbsp;</DIV></FONT></TD>
    <TD vAlign=top align=middle width="8%"><FONT
      style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&nbsp;</FONT></TD>
    <TD vAlign=top align=middle width="11%"><FONT
      style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&nbsp;</FONT></TD>
    <TD vAlign=top align=middle width="8%"><FONT
      style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><FONT
      face=Wingdings>x</FONT></FONT></TD></TR>
  <TR>
    <TD vAlign=top align=right width="8%">
      <P style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"
      align=right><FONT
      style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">16.1&nbsp;</FONT></P></TD>
    <TD vAlign=top align=left width="32%">
      <DIV><FONT
      style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&nbsp;Letter
      from BDO Seidman, LLC.</FONT></DIV>
      <DIV><FONT size=2></FONT>&nbsp;</DIV></TD>
    <TD vAlign=top align=middle width="8%"><FONT
      style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&nbsp;</FONT></TD>
    <TD vAlign=top align=middle width="11%"><FONT
      style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&nbsp;</FONT></TD>
    <TD vAlign=top align=middle width="8%"><FONT
      style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><FONT
      face=Wingdings>x</FONT></FONT></TD></TR></TABLE></DIV>
<DIV></DIV>
<DIV><BR>
<DIV id=PGBRK style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
<DIV id=FTR>
<DIV style="WIDTH: 100%" align=left><FONT
style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman"></FONT></DIV>
<DIV id=GLFTR style="WIDTH: 100%" align=left><FONT
style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman"></FONT></DIV></DIV>
<DIV id=PN style="PAGE-BREAK-AFTER: always">
<DIV style="WIDTH: 100%; TEXT-ALIGN: center"><FONT
style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman"></FONT></DIV>
<DIV style="WIDTH: 100%; TEXT-ALIGN: center">
<HR color=#000000 noShade SIZE=2>
</DIV></DIV>
<DIV id=HDR>
<DIV id=GLHDR style="WIDTH: 100%" align=right><FONT
style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman"></FONT></DIV>
<DIV style="WIDTH: 100%" align=right><FONT
style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman"></FONT></DIV></DIV></DIV><BR><BR>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=left><FONT
style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman, serif">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.</FONT></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=left><BR></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=left><BR></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=left><BR></DIV>
<DIV
style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
align=left><FONT id=TAB1 style="MARGIN-LEFT: 36pt"></FONT><FONT id=TAB1
style="MARGIN-LEFT: 36pt"></FONT><FONT id=TAB1
style="MARGIN-LEFT: 36pt"></FONT><FONT id=TAB1
style="MARGIN-LEFT: 36pt"></FONT><FONT id=TAB1
style="MARGIN-LEFT: 36pt"></FONT><FONT
style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman, serif"><STRONG>ENTRADA
NETWORKS, INC.</STRONG></FONT></DIV>
<DIV align=center>
<TABLE cellSpacing=0 cellPadding=0 width="65%" border=0>
  <TR>
    <TD vAlign=top align=left width="6%">
      <DIV
      style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
      align=left></DIV>
      <DIV
      style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
      align=left></DIV>
      <DIV
      style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
      align=left><FONT
      style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman, serif">Date:</FONT></DIV></TD>
    <TD vAlign=top align=left width="20%">
      <DIV
      style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
      align=left><FONT
      style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman, serif">February
      9, 2005</FONT></DIV></TD>
    <TD style="BORDER-BOTTOM: black thin solid" vAlign=top align=left
    width="34%">
      <DIV
      style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
      align=left><FONT
      style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman, serif">/s/
      Davinder Sethi</FONT></DIV></TD></TR>
  <TR>
    <TD vAlign=top align=left width="6%">&nbsp;</TD>
    <TD vAlign=top align=left width="20%">&nbsp;</TD>
    <TD vAlign=top align=left width="34%">
      <DIV
      style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
      align=left><FONT
      style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman, serif">Davinder
      Sethi, Ph.D.</FONT></DIV></TD></TR>
  <TR>
    <TD vAlign=top align=left width="6%">&nbsp;</TD>
    <TD vAlign=top align=left width="20%">&nbsp;</TD>
    <TD vAlign=top align=left width="34%">
      <DIV
      style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"
      align=left><FONT
      style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman, serif">Chief
      Financial Officer</FONT></DIV></TD></TR>
  <TR>
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      <DIV
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      align=left><FONT
      style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman, serif">Principal
      Accounting Officer</FONT></DIV></TD></TR></TABLE></DIV>
<DIV></DIV></DIV></DIV></DIV></BODY></HTML>
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8-K Bank amendment & Auditor Change
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 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): February 9, 2005 ( January 31,
2005)
ENTRADA
NETWORKS, INC.
(Exact
Name of Registrant as Specified in Charter)
Delaware
000-26952
33-0676350
(State
      or Other Jurisdiction
(Commission
(IRS
      Employer
of
      Incorporation
File
      Number)
Identification
      No.)
5755
      Oberlin Drive, Suite 204, San Diego, California
92121
(Address
      of Principal Executive Offices)
(Zip
      Code)
Registrant's
Telephone Number, including area code
(858)
597-1102
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):
o
Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)
o
Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)
o
Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))
o
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.
The information contained in Item 2.03 below is hereby incorporated
by reference into this Item 1.01.
Item 2.03. Creation of a Direct Financial Obligation or an
Obligation under an Off-Balance Sheet Arrangement of a
Registrant.
On December 14, 2004,
Entrada Networks, Inc. and each of its subsidiaries, Rixon Networks, Inc., Sync
Research, Inc., and Torrey Pines Networks, Inc., including its subsidiary,
Microtek Systems, Inc. (collectively, "Entrada"), executed that certain
Amendment to Loan Documents and that certain Loan and Security Agreement
(together, the "Amended and Restated Loan Agreement") with Silicon Valley Bank,
a California chartered bank ("Silicon Valley Bank") effective as of December 14,
2004, which amends and restates that certain Loan and Security Agreement between
Entrada and Silicon Valley Bank and dated February 20, 2001, as amended through
December 13, 2004 (the "Prior Loan Agreement").
Under the Amended and
Restated Loan Agreement, Silicon Valley Bank may, in its sole discretion, make
advances to Entrada against Eligible Accounts (as defined in the Amended and
Restated Loan Agreement) of Rixon Networks, Sync Research, Torrey Pines and
Microtek Systems. The principal amount of such advances will not exceed 75% of
the face amount of Eligible Accounts of each of Rixon Networks and Sync Research
and 80% of the face amount of Eligible Accounts of each of Torrey Pines and
Microtek Systems, subject to certain adjustments. Silicon Valley Bank may change
these percentages at any time in its sole discretion. The aggregate face amount
of all Financed Receivables (defined as those Eligible Accounts against which
Silicon Valley Bank makes advances to Entrada) outstanding at any time may not
exceed $1.0 million. In addition, Silicon Valley Bank has no obligation to make
advances to Entrada in excess of $800,000 in the aggregate at any time
outstanding.
Amounts borrowed
under the Amended and Restated Loan Agreement accrue interest at an annual rate
equal to Silicon Valley Bank's prime rate plus 5% ( 10.25% at December 31,
2004). The minimum monthly interest payment during the term of the Amended and
Restated Loan Agreement is $750. Pursuant to the Amended and Restated Loan
Agreement, Entrada is also subject to a monthly "collateral handling fee" of
0.75% of the Financed Receivable Balance (as defined in the Amended and Restated
Loan Agreement) for each Financed Receivable outstanding, based upon a 360 day
year. Upon an Event of Default (as defined in the Amended and Restated Loan
Agreement), the annual interest rate will increase by an additional 5% and the
collateral handling fee will increase by an additional 0.50%.
Under the Amended and
Restated Loan Agreement, Entrada is obligated to repay amounts advanced against
each Financed Receivable, including all related and accrued interest, other
finance charges and the collateral handling fee, upon the earlier of (i) the
date on which payment of the Financed Receivable is received; (ii) the date on
which the Financed Receivable no longer qualifies as an Eligible Account; (iii)
the date on which any Adjustment (as defined in the Amended and Restated Loan
Agreement) is asserted against the Financed Receivable (to the extent of such
Adjustment); (iv) the date on which Entrada breaches certain representations and
warranties or any covenant under the Amended and Restated Loan Agreement; or (v)
expiration of the Amended and Restated Loan Agreement.
To secure Entrada's
repayment of amounts borrowed under the Amended and Restated Loan Agreement,
Entrada granted to Silicon Valley Bank a security interest in substantially all
of its assets, including its intellectual property rights, now owned or
hereafter acquired. Upon an Event of Default, Silicon Valley Bank may pursue a
variety of remedies including, but not limited to, ceasing to make advances to
Entrada, declaring all of Entrada's indebtedness to Silicon Valley Bank
immediately due and payable, and taking possession and disposing of the
collateral securing performance of Entrada's obligations under the Amended and
Restated Loan Agreement. Pursuant to the Amended and Restated Loan Agreement, an
Event of Default includes, but is not limited to, Entrada's failure to timely
repay its indebtedness to Silicon Valley Bank, Entrada's failure to perform any
material term, provision or covenant included in the Amended and Restated Loan
Agreement, the occurrence of a Material Adverse Change to Entrada (as defined in
the Amended and Restated Loan Agreement), the insolvency of Entrada, and certain
defaults by Entrada under agreements with third parties.
The Amended and
Restated Loan Agreement was to expire on December 17, 2004. However, on December
22, 2004, Entrada and Silicon Valley Bank executed that certain Amendment to
Loan Documents, effective as of December 22, 2004 (the "Loan Agreement
Amendment"), pursuant to which the parties extended the expiration date of the
Amended and Restated Loan Agreement to January 30, 2005.
On February 8, 2005,
Entrada and Silicon Valley Bank executed that certain Amendment to Loan
Documents, effective as of February 8, 2004 (the "Loan Agreement Amendment"),
pursuant to which the parties extended the expiration date of the Amended and
Restated Loan Agreement to March 1, 2005.
Descriptions in this
Current Report of the Amended and Restated Loan Agreement and the Loan Agreement
Amendment are incomplete and are qualified in their entirety by reference to
copies of such documents which were filed as Exhibits 10.1, 10.2, 10.3 on
January 7, 2005, respectively, which exhibits are incorporated herein by
reference.
Item 4.01. Changes in Registrant's Certifying
Accountant.
(a)
Previous independent accountants
On
January 31, 2005, BDO Seidman, LLP ("BDO"), our independent accountants, were
dismissed by the Audit Committee of our Board of Directors, which thereafter
approved the selection of new independent accountants, as described
below.
The
reports of BDO on our financial statements for the fiscal years ended January
31, 2003 and 2004 did not contain any adverse opinion or a disclaimer of
opinion, and were not qualified or modified as to uncertainty, audit scope or
accounting principles. In connection with the audits of the our two most recent
fiscal years ended January 31, 2003 and 2004, and for the subsequent interim
periods preceding this dismissal, there were no disagreements with BDO on any
matter of accounting principles or practices, financial statement disclosure, or
auditing scope or procedures, which disagreements, if not resolved to the
satisfaction of BDO, would have caused BDO to make reference to the subject
matter of the disagreement in connection with its reports on our financial
statements for such years or interim periods.
We
have provided a copy of this report to BDO and requested that it furnish a
letter addressed to the SEC stating whether it agrees with the statements made
by us in response to this item. A copy of that letter, dated February 3, 2005 is
filed as Exhibit 16.1 of this Form 8-K.
Item 9.01.
Financial
Statements and Exhibits
(c)
Exhibits.
Incorporated
      by Reference
Exhibit
Exhibit
      Description
Form
Filing
      Date
Filed
Number
Herewith
10.1
Silicon Valley Bank Loan and Security Agreement dated
      December 14, 2004
8-K
January
      7, 2005
o
10.2
Silicon
      Valley Bank Amendment to Loan Documents dated December 14,
      2004
8-K
January
      7, 2005
o
10.3
Silicon Valley Bank Amendment to Loan Documents dated
      December 22, 2004
8-K
January
      7, 2005
o
10.4
Silicon Valley Bank Amendment to Loan Documents dated
      February 8, 2005
x
16.1
Letter
      from BDO Seidman, LLC.
x
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.
ENTRADA
NETWORKS, INC.
Date:
February
      9, 2005
/s/
      Davinder Sethi
Davinder
      Sethi, Ph.D.
Chief
      Financial Officer
Principal
      Accounting Officer