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<TITLE>Form 8-K</TITLE>
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<P align="center" style="font-size: 14pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
<FONT style="font-size: 12pt">Washington, D.C. 20549
</FONT></B>

<P align="center" style="font-size: 18pt"><B>FORM 8-K</B>

<P align="center" style="font-size: 12pt"><B>CURRENT REPORT<BR>
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</B>

<P align="center" style="font-size: 10pt"><B>Date of Report (Date of earliest event reported): March 25, 2009</B>

<P align="center">

<P align="center" style="font-size: 24pt"><B>Immediatek, Inc.<BR></B>
<FONT style="font-size: 10pt">(Exact name of registrant as specified in its charter)
</FONT>

<TABLE border="0" width="100%" cellspacing="0" cellpadding="0" style="font-size: 10pt; text-align: center">
<TR>
    <TD width="32%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="33%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="32%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD style="border-bottom: 1px solid #000000"><B>Nevada</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>000-26073</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>86-0881193</B></TD>
</TR>
<TR valign="top">
    <TD>(State or other Jurisdiction of Incorporation)</TD>
    <TD>&nbsp;</TD>
    <TD>(Commission File Number)</TD>
    <TD>&nbsp;</TD>
    <TD>(IRS Employer Identification No.)</TD>
</TR>
</TABLE>

<TABLE border="0" width="100%" cellspacing="0" cellpadding="0" style="font-size: 10pt; text-align: center">
<TR>
    <TD width="49%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="49%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD style="border-bottom: 1px solid #000000"><B>320 South Walton<BR>Dallas, Texas<BR></B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>75226</B></TD>
</TR>
<TR valign="top">
    <TD>(Address of Principal Executive Offices)</TD>
    <TD>&nbsp;</TD>
    <TD>(Zip Code)</TD>
</TR>
</TABLE>

<P align="center" style="font-size: 10pt">Registrant&#146;s telephone number, including area code: <B>(214)744-8801</B>


<TABLE border="0" width="30%" cellspacing="0" cellpadding="0" style="font-size: 10pt; text-align: center">
<TR>
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</TR>
<TR>
    <TD nowrap style="border-bottom: 1px solid #000000"><B>&nbsp;</B></TD>
</TR>
<TR>
    <TD nowrap>(Former name or former address if changed since last report.)</TD>
</TR>
</TABLE>

<P align="left" style="font-size: 10pt">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:

<P align="left" style="font-size: 10pt">
<FONT face="Wingdings">&#111;</FONT> Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>


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<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt; display: none">1
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<P align="justify" style="font-size: 10pt"><B>Section&nbsp;1 &#150; Registrant&#146;s Business and Operations</B>


<P align="justify" style="font-size: 10pt; text-indent: 4%"><B>Item&nbsp;1.01 Entry into a Material Definitive Agreement.</B>


<P align="justify" style="font-size: 10pt"><I>Demand Promissory Note</I>


<P align="justify" style="font-size: 10pt; text-indent: 4%">On March&nbsp;25, 2009, Immediatek, Inc., or the Company, issued to Radical Holdings LP a Demand Promissory Note, in
the principal amount of $750,000, bearing interest, calculated on the basis of a 365-day year, at a rate per annum
equal to three percent (3%) to evidence a loan from Radical Holdings LP of $750,000. A copy of the Demand Promissory
Note is filed as Exhibit&nbsp;10.1 to this Current Report on Form 8-K.


<P align="justify" style="font-size: 10pt; text-indent: 4%">The following is a summary of the material terms of the Demand Promissory Note:


<P align="justify" style="font-size: 10pt"><U>Term</U>. The Demand Promissory Note must be repaid within 30&nbsp;days of receiving a demand for repayment or on March
24, 2010, whichever comes earlier.


<P align="justify" style="font-size: 10pt"><U>Rate of Interest</U>. The rate of interest is three percent per year.


<P align="justify" style="font-size: 10pt"><U>Prepayment</U>. The Demand Promissory Note may be repaid in whole or in part without premium or penalty at any
time.


<P align="justify" style="font-size: 10pt; text-indent: 4%">Radical Holdings LP owns 98% of the voting stock of the Company. Radical Management LLC, a Texas limited
liability company, is the sole general partner of Radical Holdings LP, a Texas limited partnership. Mark Cuban is the
President of Radical Management LLC. Mr.&nbsp;Cuban, indirectly, wholly-owns Radical Management LLC and Radical Holdings
LP.


<P align="justify" style="font-size: 10pt; text-indent: 4%"><B>Item&nbsp;2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement or a
Registrant.</B>


<P align="justify" style="font-size: 10pt; text-indent: 4%">The Demand Promissory Note described in Item&nbsp;1.01 represents the creation of a direct financial obligation. The
description of the Demand Promissory Note contained in Item&nbsp;1.01 is incorporated by reference into this Item&nbsp;2.03.


<P align="center" style="font-size: 10pt">2




<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt; display: none">2
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<P align="justify" style="font-size: 10pt"><B>Section&nbsp;9 &#150; Financial Statements and Exhibits</B>


<P align="justify" style="font-size: 10pt; text-indent: 2%"><B>Item&nbsp;9.01 Financial Statements and Exhibits.</B>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">Financial statements of businesses acquired.</DIV></TD>
</TR>

</TABLE>


<P align="justify" style="font-size: 10pt; margin-left: 33%">Not applicable.


<P>
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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">Pro forma financial information.</DIV></TD>
</TR>

</TABLE>


<P align="justify" style="font-size: 10pt; margin-left: 33%">Not applicable.


<P>
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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">Shell company transactions.</DIV></TD>
</TR>

</TABLE>


<P align="justify" style="font-size: 10pt; margin-left: 33%">Not applicable.


<P>
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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">Exhibits.</DIV></TD>
</TR>

</TABLE>


<P align="justify" style="font-size: 10pt; text-indent: 5%">The following exhibits are filed or furnished, depending on the relative item requiring such exhibit, in
accordance with the provisions of Item&nbsp;601 of Regulation&nbsp;S-K and Instruction B.2 to this form.

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    <TD width="5%">&nbsp;</TD>
    <TD width="87%">&nbsp;</TD>
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<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left"><B>Exhibit</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Description of Exhibit</B></TD>
</TR>

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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Demand Promissory Note, dated March&nbsp;25, 2009, issued by Immediatek,
Inc. to the order of Radical Holdings LP.</TD>
</TR>
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</TABLE>
</DIV>





<P align="center" style="font-size: 10pt">3


<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt; display: none">3
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<P align="center" style="font-size: 10pt"><B>SIGNATURES</B>



<P align="justify" style="font-size: 10pt; text-indent: 4%">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.

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    <TD width="44%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="42%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" colspan="3"><B>Immediatek, Inc.</B></TD>
</TR>

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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date: March&nbsp;25, 2009
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Darin Divinia</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name: Darin Divinia</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title: President &#038; Chief Executive Officer</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<P align="center" style="font-size: 10pt">4
<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt; display: none">4
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<P align="center" style="font-size: 10pt"><B>INDEX TO EXHIBITS</B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="87%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left"><B>Exhibit</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Description of Exhibit</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Demand Promissory Note, dated March&nbsp;25, 2009, issued by Immediatek,
Inc. to the order of Radical Holdings LP.</TD>
</TR>
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</TABLE>
</DIV>

<P align="center" style="font-size: 10pt">5
<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt; display: none">5
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{"company-data": {"conformed-name": "IMMEDIATEK INC", "cik": "0001084182", "assigned-sic": "7372", "irs-number": "860881193", "state-of-incorporation": "NV", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-26073", "film-number": "09703257"}, "business-address": {"street1": "320 SOUTH WALTON", "city": "DALLAS", "state": "TX", "zip": "75226", "phone": "214-744-8801"}, "mail-address": {"street1": "320 SOUTH WALTON", "city": "DALLAS", "state": "TX", "zip": "75226"}, "former-company": [{"former-conformed-name": "MODERNGROOVE ENTERTAINMENT INC", "date-changed": "20001219"}, {"former-conformed-name": "BARRINGTON LABORATORIES INC", "date-changed": "19990430"}]}
Form 8-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 25, 2009
Immediatek, Inc.
(Exact name of registrant as specified in its charter)
Nevada
000-26073
86-0881193
(State or other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
320 South Walton
Dallas, Texas
75226
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number, including area code:
(214)744-8801
(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))
Section 1 – Registrant's Business and Operations
Item 1.01 Entry into a Material Definitive Agreement.
Demand Promissory Note
On March 25, 2009, Immediatek, Inc., or the Company, issued to Radical Holdings LP a Demand Promissory Note, in
the principal amount of $750,000, bearing interest, calculated on the basis of a 365-day year, at a rate per annum
equal to three percent (3%) to evidence a loan from Radical Holdings LP of $750,000. A copy of the Demand Promissory
Note is filed as Exhibit 10.1 to this Current Report on Form 8-K.
The following is a summary of the material terms of the Demand Promissory Note:
Term
. The Demand Promissory Note must be repaid within 30 days of receiving a demand for repayment or on March
24, 2010, whichever comes earlier.
Rate of Interest
. The rate of interest is three percent per year.
Prepayment
. The Demand Promissory Note may be repaid in whole or in part without premium or penalty at any
time.
Radical Holdings LP owns 98% of the voting stock of the Company. Radical Management LLC, a Texas limited
liability company, is the sole general partner of Radical Holdings LP, a Texas limited partnership. Mark Cuban is the
President of Radical Management LLC. Mr. Cuban, indirectly, wholly-owns Radical Management LLC and Radical Holdings
LP.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement or a
Registrant.
The Demand Promissory Note described in Item 1.01 represents the creation of a direct financial obligation. The
description of the Demand Promissory Note contained in Item 1.01 is incorporated by reference into this Item 2.03.
2
Section 9 – Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
(a)
Financial statements of businesses acquired.
Not applicable.
(b)
Pro forma financial information.
Not applicable.
(c)
Shell company transactions.
Not applicable.
(d)
Exhibits.
The following exhibits are filed or furnished, depending on the relative item requiring such exhibit, in
accordance with the provisions of Item 601 of Regulation S-K and Instruction B.2 to this form.
Exhibit
Number
Description of Exhibit
10.1
Demand Promissory Note, dated March 25, 2009, issued by Immediatek,
Inc. to the order of Radical Holdings LP.
3
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.
Immediatek, Inc.
Date: March 25, 2009
By:
/s/ Darin Divinia
Name: Darin Divinia
Title: President & Chief Executive Officer
4
INDEX TO EXHIBITS
Exhibit
Number
Description of Exhibit
10.1
Demand Promissory Note, dated March 25, 2009, issued by Immediatek,
Inc. to the order of Radical Holdings LP.
5