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<div style=margin-left:90pt;width:432pt><p style='font:13.5pt Times New Roman;margin-top:0pt;margin-bottom:1.5pt;color:#000000'>&#160;</p>
<p align=center style='font:18pt Times New Roman;margin-top:3pt;margin-bottom:0pt;color:#000000'><font style=font-size:18pt><b>UNITED STATES</b></font></p>
<p align=center style='font:18pt Times New Roman;margin:0;color:#000000'><font style=font-size:18pt><b>SECURITIES AND EXCHANGE COMMISSION</b></font></p>
<p align=center style='font:10pt Times New Roman;margin:0;color:#000000'><font style=font-size:10pt><b>WASHINGTON, D.C. 20549</b></font></p>
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<p align=center style='font:18pt Times New Roman;margin-top:9pt;margin-bottom:0pt;color:#000000'><font style=font-size:18pt><b>FORM 8-K</b></font></p>
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<p align=center style='font:13.5pt Times New Roman;margin-top:9pt;margin-bottom:0pt;color:#000000'><b>CURRENT REPORT</b></p>
<p align=center style='font:10pt Times New Roman;margin-top:9pt;margin-bottom:0pt;color:#000000'><font style=font-size:10pt><b>PURSUANT TO SECTION 13 OR 15(d) OF THE</b></font></p>
<p align=center style='font:10pt Times New Roman;margin:0;color:#000000'><font style=font-size:10pt><b>SECURITIES EXCHANGE ACT OF 1934</b></font></p>
<p align=center style='font:10pt Times New Roman;margin-top:9pt;margin-bottom:0pt;color:#000000'><font style=font-size:10pt><b>Date of Report (Date of Earliest Event Reported): August 31, 2017</b></font></p>
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<p align=center style='font:24pt Times New Roman;margin-top:9pt;margin-bottom:0pt;color:#000000'><font style=font-size:24pt><b>Geospatial Corporation</b></font></p>
<p align=center style='font:10pt Times New Roman;margin:0;color:#000000'><font style=font-size:10pt><b>(Exact Name of Registrant as Specified in its Charter)</b></font></p>
<p align=center style='font:13.5pt Times New Roman;margin-top:0pt;margin-bottom:1.5pt;color:#000000'><font style=font-size:13.5pt>&#160;</font>&#160;</p>
<table align=center style=border-collapse:collapse;width:100%><tr><td valign=middle><p style='font:12pt Times New Roman;margin:0'>&nbsp;</p>
</td><td valign=bottom><p style='font:12pt Times New Roman;margin:0'>&nbsp;</p>
</td><td valign=middle><p style='font:12pt Times New Roman;margin:0'>&nbsp;</p>
</td><td valign=bottom><p style='font:12pt Times New Roman;margin:0'>&nbsp;</p>
</td><td valign=middle><p style='font:12pt Times New Roman;margin:0'>&nbsp;</p>
</td></tr>
<tr><td valign=top><p align=center style='font:10pt Times New Roman;margin:0'><font style=font-size:10pt><b>Nevada</b></font></p>
</td><td valign=bottom><p style='font:7.5pt Times New Roman;margin:0'><font style=font-size:7.5pt>&#160;</font></p>
</td><td valign=top><p align=center style='font:10pt Times New Roman;margin:0'><font style=font-size:10pt><b>333-04066</b></font></p>
</td><td valign=bottom><p style='font:7.5pt Times New Roman;margin:0'><font style=font-size:7.5pt>&#160;</font></p>
</td><td valign=top><p align=center style='font:10pt Times New Roman;margin:0'><font style=font-size:10pt><b>87-0554463</b></font></p>
</td></tr>
<tr><td valign=top><p align=center style='font:7.5pt Times New Roman;margin:0'><font style=font-size:7.5pt><b>(State or other jurisdiction</b></font></p>
<p align=center style='font:7.5pt Times New Roman;margin-top:0pt;margin-bottom:0.75pt'><font style=font-size:7.5pt><b>of incorporation)</b></font></p>
</td><td valign=bottom><p style='font:7.5pt Times New Roman;margin:0'><font style=font-size:7.5pt>&#160;</font></p>
</td><td valign=top><p align=center style='font:7.5pt Times New Roman;margin:0'><font style=font-size:7.5pt><b>(Commission</b></font></p>
<p align=center style='font:7.5pt Times New Roman;margin-top:0pt;margin-bottom:0.75pt'><font style=font-size:7.5pt><b>File Number)</b></font></p>
</td><td valign=bottom><p style='font:7.5pt Times New Roman;margin:0'><font style=font-size:7.5pt>&#160;</font></p>
</td><td valign=top><p align=center style='font:7.5pt Times New Roman;margin:0'><font style=font-size:7.5pt><b>(IRS Employer</b></font></p>
<p align=center style='font:7.5pt Times New Roman;margin-top:0pt;margin-bottom:0.75pt'><font style=font-size:7.5pt><b>Identification Number)</b></font></p>
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<p align=center style='font:10pt Times New Roman;margin-top:9pt;margin-bottom:0pt;color:#000000'><font style=font-size:10pt><b>229 Howes Run Road, Sarver, PA 16055</b></font></p>
<p align=center style='font:7.5pt Times New Roman;margin:0;color:#000000'><font style=font-size:7.5pt><b>(Address of principal executive offices)</b></font></p>
<p align=center style='font:10pt Times New Roman;margin-top:9pt;margin-bottom:0pt;color:#000000'><font style=font-size:10pt><b>(724) 353-3400</b></font></p>
<p align=center style='font:7.5pt Times New Roman;margin:0;color:#000000'><b>(Registrant&#8217;s telephone number, including area code)</b></p>
<p align=center style='font:7.5pt Times New Roman;margin:0;color:#000000'>&nbsp;</p>
<p align=center style='font:10pt Times New Roman;margin:0;color:#000000'><b>N/A</b></p>
<p align=center style='font:10pt Times New Roman;margin:0;color:#000000'><font style=font-size:10pt>(Former name or former address, if changed since last report)</font>&#160;</p>
<p align=center style='font:13.5pt Times New Roman;margin-top:0pt;margin-bottom:1.5pt;color:#000000'>&#160;</p>
<p style='font:10pt Times New Roman;margin-top:9pt;margin-bottom:0pt;color:#000000'><font 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:</font></p>
<p style='font:9pt Times New Roman;margin:0;color:#000000'>&#160;</p>
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</td><td valign=top><p style='font:10pt Times New Roman;margin:0'><font style=font-size:10pt>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></p>
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<p style='font:9pt Times New Roman;margin:0;color:#000000'>&#160;</p>
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</td><td valign=top><p style='font:10pt Times New Roman;margin:0'><font style=font-size:10pt>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p>
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<table style=border-collapse:collapse;width:100%><tr><td valign=top><p style='font:10pt Times New Roman;margin:0'><font style='font:10pt Wingdings'>&#168;</font></p>
</td><td valign=top><p style='font:10pt Times New Roman;margin:0'><font style=font-size:10pt>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p>
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</td><td valign=top><p style='font:10pt Times New Roman;margin:0'>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</p>
<p style='font:12pt Times New Roman;margin:0'>&nbsp;</p>
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<p style='font:6pt Times New Roman;margin:0;color:#000000'>&#160;_______________________________________________________________________________________________________________________________________________</p>
<hr style='border:0;height:0;margin:12pt 0 0 0'><p style='font:6pt Times New Roman;margin:0'><font style=font-size:6pt>{S0913576.1}</font></p>
<hr style='page-break-after:always;border:0;height:3pt;background-color:#808080;margin:6pt 0'><p style='font:10pt Times New Roman;margin:0;color:#000000'><b>ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT</b></p>
<p style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</p>
<p style='font:10pt Times New Roman;margin:0;color:#000000'><kbd style=margin-left:36pt></kbd>On August 31, 2017, Geospatial Corporation (the &#8220;Company&#8221;) and David M. Truitt, the holder of three Secured Promissory Notes (collectively, the &#8220;Notes&#8221;) owed by the Company, entered into an Agreement and Amendment (the &#8220;Agreement&#8221;) pursuant to which, (i) the maturity date of the Notes was extended to June 1, 2018; (ii) the price at which the Notes are convertible to shares of the Company&#8217;s common stock was amended to institute a floor of $0.02; the interest rate on the Notes was amended to 15% per annum effective upon the execution of the Agreement; (iii) the event of default under the Notes was waived; and (iv) the Company delivered to Mr. Truitt a warrant to purchase 20,000,000 shares of the Company&#8217;s common stock at a price of $0.01 per share. &nbsp;A copy of the Agreement is attached to this Current Report on Form 8-K as Exhibit 10.01, and the description of the Agreement contained herein is a summary and is qualified in its entirety by reference to the full text of the Agreement. &nbsp;&nbsp;</p>
<p style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</p>
<p style='font:10pt Times New Roman;margin:0;color:#000000'><b>ITEM 3.02 UNREGISTERED SALES OF EQUITY SECURITIES</b></p>
<p style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</p>
<p style='font:10pt Times New Roman;margin-top:0pt;margin-bottom:6pt;text-indent:23.55pt;margin-right:15pt;color:#000000'>On August 31, 2017, the Company issued to a lender warrants to purchase 20,000,000 shares of its common stock at a price of $0.01 per share, which are exercisable through August 31, 2022.  The issuance took place in a private placement transaction pursuant to the exemption from the registration requirements of the Securities Act provided by Section 4(2) of the Securities Act and/or Regulation D. &nbsp;The lender is an accredited investor, and the Company conducted the private placement without any general solicitation or advertisement, and with a restriction on resale.</p>
<p style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</p>
<p style='font:10pt Times New Roman;margin:0;color:#000000'><b>ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS</b></p>
<p style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</p>
<p style='font:10pt Times New Roman;margin:0;color:#000000'>(d) &nbsp;Exhibits.</p>
<p style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</p>
<p style='font:10pt Times New Roman;margin:0;color:#000000'><b>Exhibit</b></p>
<p style='font:10pt Times New Roman;margin:0;color:#000000'><kbd style='position:absolute;font:10pt Times New Roman;border-bottom:1px solid #000000'><font style='border-bottom:1px solid #000000'><b>No.</b></font></kbd><kbd style='margin-left:216pt;border-bottom:1px solid #000000'></kbd><font style='border-bottom:1px solid #000000'><b>Description</b></font>&nbsp;</p>
<p style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</p>
<p style='font:10pt Times New Roman;margin:0;text-indent:-36pt;margin-left:36pt;color:#000000'><kbd style='position:absolute;font:10pt Times New Roman;text-indent:0'>10.1</kbd><kbd style=margin-left:36pt></kbd>Agreement and Amendment dated August 31, 2017, by and between Geospatial Corporation and David M Truitt.&nbsp;</p>
<hr style='border:0;height:0;margin:12pt 0 0 0'><p style='font:6pt Times New Roman;margin:0'><font style=font-size:6pt>{S0913576.1}</font></p>
<hr style='page-break-after:always;border:0;height:3pt;background-color:#808080;margin:6pt 0'><p align=center style='font:10pt Times New Roman;margin:0'><font style=font-size:10pt><b>SIGNATURE</b></font></p>
<p style='font:10pt Times New Roman;margin-top:9pt;margin-bottom:0pt;text-indent:24.5pt;color:#000000'><font style=font-size:10pt>Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</font></p>
<p style='font:9pt Times New Roman;margin:0;color:#000000'>&#160;</p>
<table align=right style=border-collapse:collapse;width:40%><tr><td valign=middle><p style='font:12pt Times New Roman;margin:0'>&nbsp;</p>
</td><td valign=bottom><p style='font:12pt Times New Roman;margin:0'>&nbsp;</p>
</td><td valign=middle><p style='font:12pt Times New Roman;margin:0'>&nbsp;</p>
</td></tr>
<tr><td colspan=3 valign=top><p style='font:10pt Times New Roman;margin:0'><font style=font-size:10pt>GEOSPATIAL CORPORATION</font></p>
</td></tr>
<tr style=height:12pt><td valign=middle><p style='font:12pt Times New Roman;margin:0'>&nbsp;</p>
</td><td colspan=2 valign=middle><p style='font:12pt Times New Roman;margin:0'>&nbsp;</p>
</td></tr>
<tr><td valign=top><p style='font:10pt Times New Roman;margin:0'><font style=font-size:10pt>By:</font></p>
</td><td valign=bottom><p style='font:7.5pt Times New Roman;margin:0'><font style=font-size:7.5pt>&#160;</font></p>
</td><td valign=bottom><p style='font:10pt Times New Roman;margin-top:0pt;margin-bottom:0.75pt'><font style=font-size:10pt>/s/ Mark A. Smith</font></p>
</td></tr>
<tr><td valign=top><p style='font:10pt Times New Roman;margin:0'><font style=font-size:10pt>Name:</font></p>
</td><td valign=bottom><p style='font:7.5pt Times New Roman;margin:0'><font style=font-size:7.5pt>&#160;</font></p>
</td><td valign=bottom><p style='font:10pt Times New Roman;margin:0'><font style=font-size:10pt>Mark A. Smith</font></p>
</td></tr>
<tr><td valign=top><p style='font:10pt Times New Roman;margin:0'><font style=font-size:10pt>Title:</font></p>
</td><td valign=bottom><p style='font:7.5pt Times New Roman;margin:0'><font style=font-size:7.5pt>&#160;</font></p>
</td><td valign=bottom><p style='font:10pt Times New Roman;margin:0'><font style=font-size:10pt>Chief Executive Officer</font></p>
</td></tr>
</table>
<p style='font:10pt Times New Roman;margin-top:9pt;margin-bottom:0pt;color:#000000'><font style=font-size:10pt>Date: September 13, 2017</font></p>
<p style='font:13.5pt Times New Roman;margin:0'>&nbsp;</p>
<p align=center style='font:10pt Times New Roman;margin-top:5pt;margin-bottom:10pt'><b> </b>&nbsp;</p>
<hr style='border:0;height:0;margin:12pt 0 0 0'><p style='font:6pt Times New Roman;margin:0'><font style=font-size:6pt>{S0913576.1}</font></p>
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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): August 31, 2017
Geospatial Corporation
(Exact Name of Registrant as Specified in its Charter)
Nevada
333-04066
87-0554463
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification Number)
229 Howes Run Road, Sarver, PA 16055
(Address of principal executive offices)
(724) 353-3400
(Registrant's telephone number, including area code)
N/A
(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:
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
_______________________________________________________________________________________________________________________________________________
{S0913576.1}
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On August 31, 2017, Geospatial Corporation (the "Company") and David M. Truitt, the holder of three Secured Promissory Notes (collectively, the "Notes") owed by the Company, entered into an Agreement and Amendment (the "Agreement") pursuant to which, (i) the maturity date of the Notes was extended to June 1, 2018; (ii) the price at which the Notes are convertible to shares of the Company's common stock was amended to institute a floor of $0.02; the interest rate on the Notes was amended to 15% per annum effective upon the execution of the Agreement; (iii) the event of default under the Notes was waived; and (iv) the Company delivered to Mr. Truitt a warrant to purchase 20,000,000 shares of the Company's common stock at a price of $0.01 per share.  A copy of the Agreement is attached to this Current Report on Form 8-K as Exhibit 10.01, and the description of the Agreement contained herein is a summary and is qualified in its entirety by reference to the full text of the Agreement.
ITEM 3.02 UNREGISTERED SALES OF EQUITY SECURITIES
On August 31, 2017, the Company issued to a lender warrants to purchase 20,000,000 shares of its common stock at a price of $0.01 per share, which are exercisable through August 31, 2022.  The issuance took place in a private placement transaction pursuant to the exemption from the registration requirements of the Securities Act provided by Section 4(2) of the Securities Act and/or Regulation D.  The lender is an accredited investor, and the Company conducted the private placement without any general solicitation or advertisement, and with a restriction on resale.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d)  Exhibits.
Exhibit
No.
Description
10.1
Agreement and Amendment dated August 31, 2017, by and between Geospatial Corporation and David M Truitt.
{S0913576.1}
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
GEOSPATIAL CORPORATION
By:
/s/ Mark A. Smith
Name:
Mark A. Smith
Title:
Chief Executive Officer
Date: September 13, 2017
{S0913576.1}