<!--HTML document created with Rivet Software Powered by Crossfire 5.11.95.0-->
<!--Created on: 1/7/2015 2:50:48 PM-->
<html>
	<head>
		<title>
			8K
		</title>
	</head>
	<body><div style="margin-left:72pt;margin-right:72pt;"><a name="_GoBack"></a><hr style="border-bottom-style:solid;width:100%;height:3pt; ;color:#000000" align="center"></hr><hr style="border-bottom-style:solid;width:100%;height:.75pt; ;color:#000000" align="center"></hr>
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">UNITED STATES</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">SECURITIES AND EXCHANGE COMMISSION</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">Washington, D.C. 20549</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font>
		</p><hr style="border-bottom-style:solid;width:10%;height:.75pt; ;color:#000000" align="center"></hr>
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">FORM 8-K</font>
		</p><hr style="border-bottom-style:solid;width:10%;height:.75pt; ;color:#000000" align="center"></hr>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">CURRENT REPORT</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">Pursuant to Section&nbsp;13 or 15(d) of the</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">Securities Exchange Act of 1934</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">Date of Report: </font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">January 7, 2015</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">Date of Earliest Event Reported: </font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">December 31, 2014</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font>
		</p><hr style="border-bottom-style:solid;width:10%;height:.75pt; ;color:#000000" align="center"></hr>
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">Calpian, Inc.</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">(Exact name of registrant as specified in its charter)</font>
		</p><hr style="border-bottom-style:solid;width:10%;height:.75pt; ;color:#000000" align="center"></hr>
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
			<tr style="CellSpacing:0;">
				<td valign="top" style="width:25.00%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">Texas</font></p>
				</td>
				<td valign="bottom" style="width:01.00%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:25.00%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">000-53997</font></p>
				</td>
				<td valign="bottom" style="width:01.00%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:25.00%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">20-8592825</font></p>
				</td>
			</tr>
			<tr style="CellSpacing:0;">
				<td valign="top" style="width:25.00%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">(State or other jurisdiction</font></p>
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">of incorporation)</font></p>
				</td>
				<td valign="bottom" style="width:01.00%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:25.00%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">(Commission</font></p>
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">File Number)</font></p>
				</td>
				<td valign="bottom" style="width:01.00%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:25.00%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">(I.R.S. Employer</font></p>
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">Identification No.)</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 50.00%;CellSpacing:0;margin-left:0pt;">
			<tr style="CellSpacing:0;">
				<td valign="top" style="width:30.00%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">500 North Akard Street, Suite 2850,</font></p>
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">Dallas, Texas</font></p>
				</td>
				<td valign="bottom" style="width:01.00%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:10.00%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">75201</font></p>
				</td>
			</tr>
			<tr style="CellSpacing:0;">
				<td valign="top" style="width:30.00%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">(Address of principal executive offices)</font></p>
				</td>
				<td valign="bottom" style="width:01.00%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:10.00%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">(Zip Code)</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
			<tr style="CellSpacing:0;">
				<td valign="middle" style="width:78.00%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr style="CellSpacing:0;">
				<td valign="bottom" style="width:78.00%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">Registrant&#x2019;s telephone number, including area code: (214) 758-8600</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
			<tr style="CellSpacing:0;">
				<td valign="middle" style="width:78.00%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr style="CellSpacing:0;">
				<td valign="bottom" style="width:78.00%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">(Former name or former address, if changed since last report)</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-size:12pt;">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>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
			<tr style="CellSpacing:0;">
				<td valign="top" style="width:02.00%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-size:12pt;">o</font></p>
				</td>
				<td valign="top" style="width:76.00%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-size:12pt;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
			<tr style="CellSpacing:0;">
				<td valign="top" style="width:02.00%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-size:12pt;">o</font></p>
				</td>
				<td valign="top" style="width:76.00%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-size:12pt;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font>
		</p>
		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
			<tr style="CellSpacing:0;">
				<td valign="top" style="width:02.00%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-size:12pt;">o</font></p>
				</td>
				<td valign="top" style="width:76.00%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-size:12pt;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
			<tr style="CellSpacing:0;">
				<td valign="top" style="width:02.00%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-size:12pt;">o</font></p>
				</td>
				<td valign="top" style="width:76.00%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-size:12pt;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font>
		</p><hr style="border-bottom-style:solid;width:100%;height:.75pt; ;color:#000000" align="center"></hr><hr style="border-bottom-style:solid;width:100%;height:3pt; ;color:#000000" align="center"></hr>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;line-height:100%;color:#000000;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;font-size:12pt;">Item 1.01&nbsp;&nbsp;&nbsp;&nbsp;Entry into a Material Definitive Agreement.</font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;line-height:100%;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;font-size:12pt;">Item 3.02&nbsp;&nbsp;&nbsp;Unregistered Sales of Equity Securities.</font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;line-height:100%;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;line-height:100%;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;">On December 31, 2014</font><font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;">, Calpian, Inc. (the &#x201C;Company&#x201D;)&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;background-color: #FFFFFF;">entered into a series of First Amendments to Secured Subordinated </font><font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;background-color: #FFFFFF;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;background-color: #FFFFFF;">Promissory Note</font><font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;background-color: #FFFFFF;">s</font><font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;background-color: #FFFFFF;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;background-color: #FFFFFF;">(the &#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;background-color: #FFFFFF;">Note Amendments</font><font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;background-color: #FFFFFF;">&#x201D;) wi</font><font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;background-color: #FFFFFF;">th certain accredited investors </font><font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;background-color: #FFFFFF;">(the &#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;background-color: #FFFFFF;">Lenders</font><font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;background-color: #FFFFFF;">&#x201D;)</font><font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;background-color: #FFFFFF;">, which Lenders hold Secured </font><font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;background-color: #FFFFFF;">Subordinated</font><font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;background-color: #FFFFFF;"> Promissory Notes of the Company in aggregate principal of $3,300,000 (the &#x201C;Subordinated Notes&#x201D;).&nbsp; </font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;line-height:100%;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;background-color: #FFFFFF;">&nbsp;</font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;line-height:100%;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;background-color: #FFFFFF;">Pursuant to the Note Amendments, the Investors agreed to extend the maturity of the Subordinated Notes to December 31, 2016 and to waive events of default, default interest or damages, if any, existing prior to the Note Amendments.&nbsp; </font><font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;background-color: #FFFFFF;">In addition, under the Note Amendments, the Subordinated Notes were amended in order to add a conversion feature to the Subordinated Notes.&nbsp;&nbsp;As a result, the Subordinated Notes are convertible, in whole or in part, into shares of Common Stock of the Company (the &#x201C;Common Stock&#x201D;), at the option of the Investor (subject to a 4.99% conversion limitations), at a conversion price equal to $1.00 per share of Common Stock (the &#x201C;Conversion Price&#x201D;).&nbsp;&nbsp;Furthermore, at the option of the Company, upon three day prior written notice, the Company may require the Investor to convert, in whole or part, the outstanding principal of the Note into Common Stock at the Conversion Price, if and only if, the volume weighted average price of the Common Stock equals or exceeds $2.00 in any ninety (90) day trading period.</font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;line-height:100%;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;background-color: #FFFFFF;">&nbsp;</font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;line-height:100%;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;background-color: #FFFFFF;">In connection with the Note Amendments, the Company </font><font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;background-color: #FFFFFF;">granted to the Investors a warrant</font><font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;background-color: #FFFFFF;"> to purchase 200,000 shares of C</font><font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;background-color: #FFFFFF;">ommon </font><font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;background-color: #FFFFFF;">S</font><font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;background-color: #FFFFFF;">tock for every $1,000,000 of principal remain</font><font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;background-color: #FFFFFF;">ing on each respective Investor&#x2019;s</font><font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;background-color: #FFFFFF;"> Subordinated Note, which warrant has a term of three (3) years and an exercise price of $0.01 per share of Common Stock.</font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;line-height:100%;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;line-height:100%;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;">The Company relied on the exemption from registration under Section 4</font><font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;">(a)</font><font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;">(2) of the Securities Act or Rule 506 of </font><font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;">Regulation D for purposes of the securities issuances described above</font><font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;">.</font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;line-height:100%;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;line-height:100%;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;">The</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;">above&nbsp;is&nbsp;qualified&nbsp;in its entirety by the full text of (i) the </font><font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;">Note Amendments</font><font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;"> (a copy of which is attached hereto as Exhibit 10.1), </font><font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;">and </font><font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;">(ii) the Form of Warrant (a copy of which is attached hereto as Exhibit 10.2), which are incorporated by reference herein.</font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;line-height:100%;color:#000000;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;font-size:12pt;">Item </font><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;font-size:12pt;">8</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;font-size:12pt;">.01</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;font-size:12pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;font-size:12pt;">Other Events</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;font-size:12pt;">.</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;line-height:100%;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;">On </font><font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;">December </font><font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;">3</font><font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;">1, </font><font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;">2014</font><font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;">,</font><font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;"> the Company</font><font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;"> and an accredited investor (the &#x201C;Investor&#x201D;)</font><font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;">ente</font><font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;">red into </font><font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;">a</font><font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;"> First Amendment to Securities Purchase Agreement (the &#x201C;SPA Amendment&#x201D;).&nbsp;&nbsp;Pursuant to the </font>
		</p>
		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;background-color: #FFFFFF;line-height:100%;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Calibri;;font-size: 12pt"><font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;">SPA Amendment, the Company agreed to extend the date by which the Investor may exercise its right to purchase up to an additional 4,000 shares of the Company&#x2019;s </font><font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;">Series C Convertible Preferred Stock&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;">from December 31, 2014 to January 31, 2015, which right was originally granted to the Investor in that certain Securities Purchase Agreement dated as of March 7, 2014.&nbsp; </font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;line-height:100%;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;background-color: #FFFFFF;line-height:100%;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;">The</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;font-size:12pt;">above&nbsp;is&nbsp;qualified&nbsp;in its entirety by the full text of the SPA Amendment Agreement (a copy of which is attached hereto as Exhibit 10.3), which is incorporated by reference herein.</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:right;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">Item 9.01</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">&nbsp;&nbsp;&nbsp;</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">&nbsp;Financial Statements and Exhibits.</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
			<tr style="CellSpacing:0;">
				<td valign="top" style="width:09.00%;border-bottom:1.5pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">Exhibit No.</font></p>
				</td>
				<td valign="top" style="width:01.00%;padding:0pt 0pt 1.8pt 0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:90.00%;border-bottom:1.5pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">Description</font></p>
				</td>
			</tr>
			<tr style="CellSpacing:0;">
				<td valign="top" style="width:09.00%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-size:12pt;">10.1</font></p>
				</td>
				<td valign="top" style="width:01.00%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:90.00%;background-color: #auto;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-size:12pt;">Form of </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;">First Amendment to Secured Subordinated Promissory Note</font></p>
				</td>
			</tr>
			<tr style="CellSpacing:0;">
				<td valign="top" style="width:09.00%;background-color: #FFFFFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-size:12pt;">10.2</font></p>
				</td>
				<td valign="top" style="width:01.00%;background-color: #FFFFFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:90.00%;background-color: #FFFFFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-size:12pt;">Form of Warrant</font></p>
				</td>
			</tr>
			<tr style="CellSpacing:0;">
				<td valign="top" style="width:09.00%;background-color: #FFFFFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-size:12pt;">10.</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;">3</font></p>
				</td>
				<td valign="top" style="width:01.00%;background-color: #FFFFFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:90.00%;background-color: #FFFFFF;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-size:12pt;">First Amendment to Securities Purchase Agreement</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;"> dated March 7, 2014</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;;font-size: 12pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Times New Roman;font-size:12pt;"></font><font style="display: inline;font-family:Times New Roman;font-size:12pt;;font-size: 12pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Times New Roman;font-size:12pt;"></font><font style="display: inline;font-family:Times New Roman;font-size:12pt;;font-size: 12pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Times New Roman;font-size:12pt;"></font><font style="display: inline;font-family:Times New Roman;font-size:12pt;;font-size: 12pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Times New Roman;font-size:12pt;"></font><font style="display: inline;font-family:Times New Roman;font-size:12pt;;font-size: 12pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Times New Roman;font-size:12pt;"></font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">SIGNATURES</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:27pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-size:12pt;">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>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:27pt;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 101.48%;CellSpacing:0;margin-left:0pt;">
			<tr style="CellSpacing:0;">
				<td valign="top" style="width:48.88%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font></p>
				</td>
				<td colspan="2" valign="top" style="width:40.10%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">CALPIAN, INC.</font></p>
				</td>
				<td valign="top" style="width:11.00%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr style="CellSpacing:0;">
				<td valign="top" style="width:48.88%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:05.12%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:35.00%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:11.00%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr style="CellSpacing:0;">
				<td valign="top" style="width:48.88%;padding:0pt 0pt 1.8pt 0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-size:12pt;">Date: </font><font style="display: inline;font-family:Times New Roman;font-size:12pt;">January 7, 2015</font></p>
				</td>
				<td valign="top" style="width:05.12%;padding:0pt 0pt 1.8pt 0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-size:12pt;">By:</font></p>
				</td>
				<td valign="top" style="width:35.00%;border-bottom:1.5pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;line-height:100%;border-bottom:1pt solid #000000 ;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-size:12pt;">/s/&nbsp;Scott S. Are</font><font style="display: inline;font-family:Times New Roman;font-size:12pt;">y&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></p>
				</td>
				<td valign="top" style="width:11.00%;padding:0pt 0pt 1.8pt 0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr style="CellSpacing:0;">
				<td valign="top" style="width:48.88%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:05.12%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:35.00%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-size:12pt;">Scott S. Arey&nbsp;</font></p>
				</td>
				<td valign="top" style="width:11.00%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr style="CellSpacing:0;">
				<td valign="top" style="width:48.88%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:05.12%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:35.00%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-size:12pt;">Chief Financial Officer</font></p>
				</td>
				<td valign="top" style="width:11.00%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr style="CellSpacing:0;">
				<td valign="top" style="width:48.88%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:05.12%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:35.00%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:11.00%;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font>
		</p>
		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr>
	</div></body>
</html>
[{"type": "8-K", "sequence": "1", "filename": "clpi-20150107x8k.htm", "description": "8-K", "secsgml_size_bytes": 46232}]
{"company-data": {"conformed-name": "Calpian, Inc.", "cik": "0001414628", "assigned-sic": "7389", "irs-number": "208592825", "state-of-incorporation": "TX", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-53997", "film-number": "15514001"}, "business-address": {"street1": "500 NORTH AKARD STREET, SUITE 2850", "city": "DALLAS", "state": "TX", "zip": "75201", "phone": "2147588603"}, "mail-address": {"street1": "500 NORTH AKARD STREET, SUITE 2850", "city": "DALLAS", "state": "TX", "zip": "75201"}, "former-company": {"former-conformed-name": "Toyzap.com, Inc.", "date-changed": "20071010"}}
8K
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:
January 7, 2015
Date of Earliest Event Reported:
December 31, 2014
Calpian, Inc.
(Exact name of registrant as specified in its charter)
Texas
000-53997
20-8592825
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification No.)
500 North Akard Street, Suite 2850,
Dallas, Texas
75201
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code: (214) 758-8600
(Former name or former address, if changed since last report)
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:
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.
Item 3.02   Unregistered Sales of Equity Securities.
On December 31, 2014
, Calpian, Inc. (the "Company")
entered into a series of First Amendments to Secured Subordinated
Promissory Note
s
(the "
Note Amendments
") wi
th certain accredited investors
(the "
Lenders
")
, which Lenders hold Secured
Subordinated
Promissory Notes of the Company in aggregate principal of $3,300,000 (the "Subordinated Notes").
Pursuant to the Note Amendments, the Investors agreed to extend the maturity of the Subordinated Notes to December 31, 2016 and to waive events of default, default interest or damages, if any, existing prior to the Note Amendments.
In addition, under the Note Amendments, the Subordinated Notes were amended in order to add a conversion feature to the Subordinated Notes.  As a result, the Subordinated Notes are convertible, in whole or in part, into shares of Common Stock of the Company (the "Common Stock"), at the option of the Investor (subject to a 4.99% conversion limitations), at a conversion price equal to $1.00 per share of Common Stock (the "Conversion Price").  Furthermore, at the option of the Company, upon three day prior written notice, the Company may require the Investor to convert, in whole or part, the outstanding principal of the Note into Common Stock at the Conversion Price, if and only if, the volume weighted average price of the Common Stock equals or exceeds $2.00 in any ninety (90) day trading period.
In connection with the Note Amendments, the Company
granted to the Investors a warrant
to purchase 200,000 shares of C
ommon
S
tock for every $1,000,000 of principal remain
ing on each respective Investor's
Subordinated Note, which warrant has a term of three (3) years and an exercise price of $0.01 per share of Common Stock.
The Company relied on the exemption from registration under Section 4
(a)
(2) of the Securities Act or Rule 506 of
Regulation D for purposes of the securities issuances described above
.
The
above is qualified in its entirety by the full text of (i) the
Note Amendments
(a copy of which is attached hereto as Exhibit 10.1),
and
(ii) the Form of Warrant (a copy of which is attached hereto as Exhibit 10.2), which are incorporated by reference herein.
Item
8
.01
Other Events
.
On
December
3
1,
2014
,
the Company
and an accredited investor (the "Investor")
ente
red into
a
First Amendment to Securities Purchase Agreement (the "SPA Amendment").  Pursuant to the
SPA Amendment, the Company agreed to extend the date by which the Investor may exercise its right to purchase up to an additional 4,000 shares of the Company's
Series C Convertible Preferred Stock
from December 31, 2014 to January 31, 2015, which right was originally granted to the Investor in that certain Securities Purchase Agreement dated as of March 7, 2014.
The
above is qualified in its entirety by the full text of the SPA Amendment Agreement (a copy of which is attached hereto as Exhibit 10.3), which is incorporated by reference herein.
Item 9.01
Financial Statements and Exhibits.
Exhibit No.
Description
10.1
Form of
First Amendment to Secured Subordinated Promissory Note
10.2
Form of Warrant
10.
3
First Amendment to Securities Purchase Agreement
dated March 7, 2014
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.
CALPIAN, INC.
Date:
January 7, 2015
By:
/s/ Scott S. Are
y
Scott S. Arey
Chief Financial Officer