<SEC-DOCUMENT>0001193125-19-312187.txt : 20191212
<SEC-HEADER>0001193125-19-312187.hdr.sgml : 20191212
<ACCEPTANCE-DATETIME>20191212091503
ACCESSION NUMBER:		0001193125-19-312187
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20191206
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20191212
DATE AS OF CHANGE:		20191212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ODYSSEY MARINE EXPLORATION INC
		CENTRAL INDEX KEY:			0000798528
		STANDARD INDUSTRIAL CLASSIFICATION:	WATER TRANSPORTATION [4400]
		IRS NUMBER:				841018684
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31895
		FILM NUMBER:		191281141

	BUSINESS ADDRESS:	
		STREET 1:		205 S. HOOVER BLVD.
		STREET 2:		SUITE 210
		CITY:			TAMPA
		STATE:			FL
		ZIP:			33609
		BUSINESS PHONE:		(813) 876-1776

	MAIL ADDRESS:	
		STREET 1:		205 S. HOOVER BLVD.
		STREET 2:		SUITE 210
		CITY:			TAMPA
		STATE:			FL
		ZIP:			33609

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	UNIVERSAL CAPITAL CORP
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d839608d8k.htm
<DESCRIPTION>8-K
<TEXT>
<HTML><HEAD>
<TITLE>8-K</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>WASHINGTON, D.C. 20549 </B></P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM <FONT
STYLE="white-space:nowrap">8-K</FONT> </B></P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CURRENT
REPORT </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Pursuant to Section&nbsp;13 or 15(d) </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>of the Securities Exchange Act of 1934 </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Date of Report (Date of earliest event reported): December&nbsp;6, 2019 </B></P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>O<SMALL>DYSSEY</SMALL> M<SMALL>ARINE</SMALL> E<SMALL>XPLORATION</SMALL>, I<SMALL>NC</SMALL>. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact name of registrant as specified in its charter) </B></P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>

<TD WIDTH="34%"></TD>

<TD VALIGN="bottom"></TD>
<TD WIDTH="32%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"><B>Nevada</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B><FONT STYLE="white-space:nowrap">001-31895</FONT></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B><FONT STYLE="white-space:nowrap">84-1018684</FONT></B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(State or Other Jurisdiction</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>of Incorporation)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Commission</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>File Number)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(IRS Employer</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Identification No.)</B></P></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>5215 West Laurel Street </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Tampa, Florida 33607 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Address of Principal Executive Offices and Zip Code) </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Registrant&#146;s telephone number, including area code: (813) <FONT STYLE="white-space:nowrap">876-1776</FONT> </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Not Applicable </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Former
Name or Former Address, if Changed Since Last Report) </B></P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:10pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Check the
appropriate box below if the Form <FONT STYLE="white-space:nowrap">8-K</FONT> filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Soliciting material pursuant to Rule <FONT STYLE="white-space:nowrap">14a-12</FONT> under the Exchange Act (17
CFR <FONT STYLE="white-space:nowrap">240.14a-12)</FONT> </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><FONT STYLE="white-space:nowrap">Pre-commencement</FONT> communications pursuant to Rule <FONT
STYLE="white-space:nowrap">14d-2(b)</FONT> under the Exchange Act (17 CFR <FONT STYLE="white-space:nowrap">240.14d-2(b))</FONT> </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><FONT STYLE="white-space:nowrap">Pre-commencement</FONT> communications pursuant to Rule <FONT
STYLE="white-space:nowrap">13e-4(c)</FONT> under the Exchange Act (17 CFR <FONT STYLE="white-space:nowrap">240.13e-4(c))</FONT> </P></TD></TR></TABLE>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Securities registered pursuant to Section&nbsp;12(b) of the Act: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>

<TD WIDTH="34%"></TD>

<TD VALIGN="bottom"></TD>
<TD WIDTH="32%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Title of each class</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Trading</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Symbol(s)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Name of each exchange</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>on which registered</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"><B>Common Stock, par value $0.0001 per share</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>OMEX</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>NASDAQ Capital Market</B></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the
Securities Act of 1933 (&#167;230.405 of this chapter) or Rule <FONT STYLE="white-space:nowrap">12b-2</FONT> of the Securities Exchange Act of 1934 <FONT STYLE="white-space:nowrap">(&#167;240.12b-2</FONT> of this chapter). </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Emerging Growth Company&nbsp;&nbsp;&#9744; </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section&nbsp;13(a) of the Exchange Act.&nbsp;&nbsp;&#9744; </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><B>Item&nbsp;1.01.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B></B><B><I>Entry Into a Material Definitive Agreement.</I></B><B> </B></P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The disclosure set forth below under Item 2.03 (Creation of a Direct Financial Obligation or an Obligation under an <FONT
STYLE="white-space:nowrap">Off-Balance</FONT> Sheet Arrangement of a Registrant) is hereby incorporated by reference into this Item 1.01. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><B>Item&nbsp;2.03</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B></B><B><I>Creation of a Direct Financial Obligation or an Obligation under an
<FONT STYLE="white-space:nowrap">Off-Balance</FONT> Sheet Arrangement of a Registrant.</I></B><B> </B></P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On
December&nbsp;6, 2019, Odyssey Marine Exploration, Inc. (&#147;Odyssey&#148;) entered into a Note Purchase Agreement (the &#147;Purchase Agreement&#148;) with 37North Capital SPV 11, LLC (the &#147;Investor&#148;) pursuant to which the Investor
agreed to lend, in one or more transactions (each, &#147;a Loan&#148;), up to an aggregate of $2.0&nbsp;million to Odyssey, subject to the terms and conditions of the Purchase Agreement. On December&nbsp;10, 2019, the Investor made a loan to Odyssey
in the amount of $539,000 pursuant to the Purchase Agreement. Each Loan made under the Purchase Agreement will be evidenced by a separate convertible promissory note (each, a &#147;Note&#148;). Unless otherwise converted as described below, the
entire outstanding amount of all Loans will be due and payable on June&nbsp;6, 2019 (the &#147;Maturity Date&#148;). The issuance and sale of any additional Notes is subject to the mutual agreement of Odyssey and the Investor and may occur in one or
more subsequent closings to occur on or before January&nbsp;5, 2019. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">At any time and from time to time until the three-month anniversary
of the Maturity Date, all or any portion of the outstanding amount of each Note may, at the Investor&#146;s election, be converted into shares of Odyssey&#146;s common stock, par value $0.0001 per share (&#147;Conversion Shares&#148;). The number of
Conversion Shares to be issued upon any conversion shall be equal to the quotient obtained by dividing the Applicable Conversion Amount (as defined below)&nbsp;by the Applicable Conversion Rate (as defined below). As defined in the Purchase
Agreement, the &#147;Applicable Conversion Amount&#148; means, on the date of determination and with respect to each Note, (a)&nbsp;for the period beginning on the date of issuance and ending on the day immediately preceding the Maturity Date, an
amount equal to 100.0% of the amount of the Loan evidenced by such Note then outstanding; (b)&nbsp;on the Maturity Date, 136.0% of the amount of the Loan evidenced by such Note then outstanding (such amount, the &#147;Enhanced Conversion
Amount&#148;); (c)&nbsp;for the period beginning on the day immediately following the Maturity Date and for a period of three months thereafter (such three-month period, the &#147;Accrual Period&#148;), an amount equal to (i)&nbsp;the Enhanced
Conversion Amount then outstanding plus (ii)&nbsp;an additional amount equal to 3.0% per month (prorated for any period of less than a full month) accrued on the amount described in clause (i); and (d)&nbsp;on any date after the Accrual Period, the
amount then outstanding after giving effect to the accrual described in clause (c)&nbsp;during the Accrual Period (it being understood that no additional amount shall accrue after the expiration of the Accrual Period); and &#147;Applicable
Conversion Rate&#148; means (x)&nbsp;with respect to any conversion on or prior to the Maturity Date, $5.00, and (y)&nbsp;with respect to any conversion after the Maturity Date, the lower of (i) $5.00 and (ii) 80.0% of the <FONT
STYLE="white-space:nowrap">ten-day</FONT> volume-weighted average price of Odyssey&#146;s common stock. Notwithstanding anything in the Purchase Agreement to the contrary, Odyssey is prohibited from issuing any Conversion Shares, to the extent such
shares, after giving effect to such issuance after conversion and when added to the number of Conversion Shares previously issued upon conversion of any of the Notes sold pursuant to the Purchase Agreement, would represent in excess of 19.9% of
(A)&nbsp;the number of shares of Odyssey&#146;s common stock outstanding immediately after giving effect to such issuances or (B)&nbsp;the total voting power of Odyssey&#146;s securities outstanding immediately after giving effect to such issuances
that are entitled to vote on a matter being voted on by holders of Odyssey&#146;s common stock. </P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If, at any time prior to the Maturity Date, (a)&nbsp;Odyssey receives cash proceeds (the
&#147;Shipwreck Proceeds&#148;) arising out of Odyssey&#146;s salvage agreement relating to cargo recovered from a specified shipwreck, and (ii)&nbsp;the amount of the Shipwreck Proceeds equals at least 155.0% of the then-unpaid amount of all Loans,
then Odyssey must repay in full the indebtedness outstanding under all the Notes by delivery of an amount equal to 155.0% of the then-unpaid amount of all Loans. In addition, at any time prior to the Maturity Date, Odyssey may repay all (but not
less than all) of the then-unpaid amount of all Loans by delivery of an amount equal to 155.0% of the then-unpaid amount of all Loans; provided, that Odyssey must provide the Investor at least ten days&#146; notice of its intention to repay the
indebtedness. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Purchase Agreement and the Note issued by Odyssey on December&nbsp;10, 2019, include representations and warranties and
other covenants, conditions, and other provisions customary for comparable transactions. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><B>Item&nbsp;8.01.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B></B><B><I>Other Events.</I></B><B> </B></P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On December&nbsp;12, 2019, Odyssey issued a press release announcing the matters described in Item 2.03 above and other information. A copy of
the press release is furnished as Exhibit 99.1 to this report. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The information in this Item 8.01 of this report on Form <FONT
STYLE="white-space:nowrap">8-K,</FONT> including Exhibit 99.1, is being furnished and shall not be deemed &#147;filed&#148; for the purposes of Section&nbsp;18 of the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;), or
otherwise subject to the liabilities of that Section, nor shall it be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
</P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><B>Item&nbsp;9.01.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B></B><B><I>Financial Statements and Exhibits.</I></B><B> </B></P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><I>Financial Statements of Businesses Acquired.</I> </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; font-size:10pt; font-family:Times New Roman">Not applicable. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><I>Pro Forma Financial Information.</I> </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; font-size:10pt; font-family:Times New Roman">Not applicable. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><I>Shell Company Transactions.</I> </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; font-size:10pt; font-family:Times New Roman">Not applicable. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><I>Exhibits.</I> </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="94%"></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>99.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="d839608dex991.htm">Press Release issued on December&nbsp;12, 2019. </A></TD></TR>
</TABLE>
</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">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. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="45%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>

<TD VALIGN="bottom"></TD>
<TD WIDTH="3%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="45%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3"><B>O<SMALL>DYSSEY</SMALL> M<SMALL>ARINE</SMALL> E<SMALL>XPLORATION</SMALL>, I<SMALL>NC</SMALL>.</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Dated: December&nbsp;12, 2019</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Jay A. Nudi</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Jay A. Nudi</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><I>Chief Financial Officer</I></TD></TR>
</TABLE>
</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>d839608dex991.htm
<DESCRIPTION>EX-99.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-99.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.1 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="51%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="48%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">


<IMG SRC="g839608g1212022820409.jpg" ALT="LOGO">
</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">PRESS RELEASE</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">CONTACT:</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Laura Barton</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Odyssey Marine Exploration, Inc.</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>laura@odysseymarine.com</U></P></TD></TR>
</TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Odyssey Marine Exploration Obtains up to $4.2M in Funding </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>in Two Separate Transactions </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">TAMPA, Fla.,
December<U></U> 12, 2019 (GLOBE NEWSWIRE) &#151;&nbsp;Odyssey Marine Exploration, Inc.<U></U>&nbsp;(NASDAQ:OMEX), a pioneer in the field of deep-ocean exploration, has obtained commitments for up to $4.2<U></U>&nbsp;million in funding under two
separate arrangements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On December&nbsp;6, 2019, Odyssey executed an agreement with a group representing existing shareholders to provide up to
$2&nbsp;million in funding as an advance against a portion of multi-million-dollar payment Odyssey expects to receive within the next six months. This payment is related to a previously completed shipwreck project. The group provided $539,000 in
funding to Odyssey on December<U></U>&nbsp;10, 2019. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In addition, a term sheet has been executed and definitive agreements are being drafted with the
group that has already committed up to $6.5&nbsp;million in <FONT STYLE="white-space:nowrap">non-recourse</FONT> legal funding for the NAFTA action for up to an additional $2.2&nbsp;million. Given the significant management time and internal
resources devoted to the NAFTA case, the funder has agreed that this additional tranche of funding may be used for Odyssey&#146;s internal expenses directly related to support of the arbitration. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;A group of existing shareholders presented us an opportunity to factor a portion of an expected payment to Odyssey,&#148; said Mark Gordon, Odyssey
Chief Executive Officer and Chairman of the Board. &#147;At about the same time, the group responsible for the legal funding of our NAFTA action has agreed to provide up to an additional $2.2<U></U>&nbsp;million pursuant to terms similar to the
current NAFTA legal funding. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;We appreciate the support of these groups who are intimately familiar with the Odyssey team, business plan and <FONT
STYLE="white-space:nowrap">mid-</FONT> to long-term outlook for the company. These two deals provide the capital needed to advance our overall business plan and to execute the initial phases of onsite operations on our Lihir Offshore Gold project in
the first half or 2020. Geological and environmental surveys will be conducted to aid in the production of a <FONT STYLE="white-space:nowrap">43-101/JORC</FONT> compliant resource estimate and environmental impact assessment.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The first agreement is a <FONT STYLE="white-space:nowrap">non-interest-bearing</FONT> <FONT STYLE="white-space:nowrap">six-month</FONT> loan of up to
$2.0&nbsp;million. When the expected factored payment is received by Odyssey, Odyssey is obligated to repay the lender the amount outstanding plus a 55% factoring fee. The loans will be convertible at the lender&#146;s option at an initial
conversion rate of $5 per share of Odyssey common stock, subject to adjustment and otherwise in accordance with the purchase agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The other funding
arrangement for up to $2.2&nbsp;million will follow substantially the same terms as the current NAFTA legal funding, except there will be an option to convert this additional amount into Odyssey stock at current market prices. A deposit of $500,000
has been received toward this amount. </P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>About&nbsp;Odyssey Marine Exploration </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Odyssey Marine Exploration, Inc.&nbsp;(Nasdaq:OMEX) is engaged in deep-ocean exploration using innovative methods and <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">state-of-the-art</FONT></FONT></FONT> technology to provide access to critical resources worldwide. Our core focus is the discovery, development and extraction of deep-ocean minerals.
Odyssey also provides marine services for private clients and governments. For additional details, please visit&nbsp;<U>www.odysseymarine.com</U>.</P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Forward Looking Information </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Odyssey Marine
Exploration&nbsp;believes the information set forth in this Press Release may include &#147;forward looking statements&#148; within the meaning of the Private Securities Litigation Reform Act of 1995, Section&nbsp;27A of the Securities Act of 1933
and Section&nbsp;21E of the Securities Act of 1934. Certain factors that could cause results to differ materially from those projected in the forward-looking statements are set forth in &#147;Risk Factors&#148; in Part I, Item 1A of the
Company&#146;s Annual Report on Form <FONT STYLE="white-space:nowrap">10-K</FONT> for the year ended&nbsp;December 31, 2018, which was filed with the&nbsp;Securities and Exchange Commission&nbsp;on&nbsp;April 1, 2019. The financial and operating
projections as well as estimates of mining assets are based solely on the assumptions developed by Odyssey that it believes are reasonable based upon information available to Odyssey as of the date of this release. All projections and estimates are
subject to material uncertainties and should not be viewed as a prediction or an assurance of actual future performance. The validity and accuracy of Odyssey&#146;s projections will depend upon unpredictable future events, many of which are beyond
Odyssey&#146;s control and, accordingly, no assurance can be given that Odyssey&#146;s assumptions will prove true or that its projected results will be achieved. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Cautionary Note to U.S. Investors </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The U.S. Securities
and Exchange Commission&nbsp;(SEC) permits mining companies, in their filings with the&nbsp;SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this press release, such
as &#147;measured&#148;, &#147;indicated,&#148; &#147;inferred&#148; and &#147;resources,&#148; which the&nbsp;SEC&nbsp;guidelines strictly prohibit us from including in our filings with the&nbsp;SEC. &#147;Inferred mineral resources&#148; have a
great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. U.S. investors
are cautioned not to assume that part or all of the inferred mineral resource exists, or is economically or legally mineable, and are urged to consider closely the disclosures in our Form <FONT STYLE="white-space:nowrap">10-K</FONT> which may be
secured from us or from the&nbsp;SEC&#146;s&nbsp;website at&nbsp;<U>http://www.sec.gov/edgar.shtml</U>. </P>
</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g839608g1212022820409.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g839608g1212022820409.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" !A 3<# 2(  A$! Q$!_\0
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M -:G^\*;3H_]:G^\* /OBW_X]HO]P?RKY9^/7AJST+QQ%=V,2PQ:E!Y[QH,
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MD@R/EB><<<9Q^%<M\.=3O]3E\5?;KN6X^RZ[/;0>8<^7&H7"C\S0!U/VN_\
M^@8W_?\ 6C[7?_\ 0,;_ +_K7%^(M1UG7/B'#X.TW5VT:UCL/MUS<PJIGFRV
MT(A;A<=2:CL+O6_"?Q#TKPU=ZY/K6GZM!-)&;I5\^V>,9R64#*GISW^G(!W'
MVN__ .@8W_?]:<EU>M(H?3F12<%O.4XKD?BWJ6J:9X*6;1[U[*\DO8(5F0]-
MS8Y]N:Y+4/B'JIT^PT'4I)-*\56FK6L%W'&<"ZA9]IDC/=6&,XZ4 >T4444
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MPOM;*G(YP>X%;-% '&Z?\.K73]0MKQ?$/B2<V\@D6*XU)I(VQV92.179444
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=10 4444 %%%% !1110 4444 %%%% !1110!__]D!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
