<SEC-DOCUMENT>0001654954-18-011294.txt : 20181017
<SEC-HEADER>0001654954-18-011294.hdr.sgml : 20181017
<ACCEPTANCE-DATETIME>20181017172230
ACCESSION NUMBER:		0001654954-18-011294
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20181011
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Other Events
FILED AS OF DATE:		20181017
DATE AS OF CHANGE:		20181017

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Inuvo, Inc.
		CENTRAL INDEX KEY:			0000829323
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-ADVERTISING [7310]
		IRS NUMBER:				870450450
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32442
		FILM NUMBER:		181127012

	BUSINESS ADDRESS:	
		STREET 1:		500 PRESIDENT CLINTON AVE., STE. 300
		CITY:			LITTLE ROCK
		STATE:			AR
		ZIP:			72201
		BUSINESS PHONE:		501-205-8508

	MAIL ADDRESS:	
		STREET 1:		500 PRESIDENT CLINTON AVE., STE. 300
		CITY:			LITTLE ROCK
		STATE:			AR
		ZIP:			72201

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INUVO, INC.
		DATE OF NAME CHANGE:	20090810

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	KOWABUNGA! INC.
		DATE OF NAME CHANGE:	20081106

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	THINK PARTNERSHIP INC
		DATE OF NAME CHANGE:	20060315
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>inuv_8k.htm
<DESCRIPTION>CURRENT REPORT
<TEXT>
<html>
<head>
<!-- Document created using Blueprint(R) - powered by Issuer Direct - www.issuerdirect.com -->
<!-- Copyright 2018 Issuer Direct Corporation -->
<title>Blueprint</title>
</head>
<body style="font-family: Times New Roman; font-size: 13px;">
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; width: 100%; height: 8px; border-top: 4px solid #000000; border-bottom: 1px solid #000000">
<!--style header--><br></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
UNITED STATES</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
SECURITIES AND EXCHANGE COMMISSION</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Washington, DC 20549</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center"><img src="img001.jpg"></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px"></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
FORM 8-K</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
CURRENT REPORT</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of
1934</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 432px"><font style="font-family: Times New Roman; font-size: 13px">Date of Report
(Date of earliest event reported)</font></div>
<div style="text-align: left; display: table-cell"><font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
October 11, 2018</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: top; width: 100%">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">INUVO,
INC.</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 100%">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">(Exact
name of registrant as specified in its charter)</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: top; width: 40%">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Nevada</font></div>
</td>
<td style="vertical-align: top; width: 26%">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">001-32442</font></div>
</td>
<td style="vertical-align: top; width: 34%">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">87-0450450</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 40%">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">(State
or other jurisdiction of incorporation)</font></div>
</td>
<td style="vertical-align: top; width: 26%">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">(Commission
File Number)</font></div>
</td>
<td style="vertical-align: top; width: 34%">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">(IRS
Employer Identification No.)</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: top; width: 67%">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">500
President Clinton Avenue, Suite 300, Little Rock, AR</font></div>
</td>
<td style="vertical-align: top; width: 33%">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">72201</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 67%">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">(Address
of principal executive offices)</font></div>
</td>
<td style="vertical-align: top; width: 33%">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">(Zip
Code)</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px;"><font style="font-family: Times New Roman; font-size: 13px">Registrant's
telephone number, including area code</font> <font style="font-family: Times New Roman; font-size: 13px">(501)
205-8508</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: top; width: 100%">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">not
applicable</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 100%">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">(Former
name or former address, if changed since last report)</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 100%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr></table>
</div>
<div style="text-align: left; margin-left: 0px; margin-right: -22px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Check
the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (see General Instruction A.2.
below):</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: top; width: 3%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px">&#x2610;</font></div>
</td>
<td style="vertical-align: top; width: 97%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Written
communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 3%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 97%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 3%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px">&#x2610;</font></div>
</td>
<td style="vertical-align: top; width: 97%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 3%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 97%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 3%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px">&#x2610;</font></div>
</td>
<td style="vertical-align: top; width: 97%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b))</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 3%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 97%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 3%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px">&#x2610;</font></div>
</td>
<td style="vertical-align: top; width: 97%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td colspan="3" style="vertical-align: top; width: 100%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">
Indicate by check mark whether the registrant is an emerging growth
company as defined in in Rule 405 of the Securities Act of 1933
(</font>&#xA7;230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (&#xA7;240.12b-2 of this
chapter)<font style="color: #000000">.</font></font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 49%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 39%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Emerging growth company</font></div>
</td>
<td style="vertical-align: top; width: 13%">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px">&#x2610;</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: top; width: 100%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">If an
emerging growth company, indicate by checkmark 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 13(a) of the Exchange Act. &#x2610;</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; width: 100%; height: 8px; border-top: 1px solid #000000; border-bottom: 4px solid #000000">
<!--style footer--><br></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
<div id="pb" style="text-align: center; page-break-after: always; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; width: 100%; height: 1px; background-color: rgb(255, 255, 255);">
<!--page break--></div>
<div id="hdr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="color: #000000; font-weight: bold; font-family: Times New Roman; font-size: 13px">
Item 1.01</font> <font style="color: #000000; font-weight: bold; font-family: Times New Roman; font-size: 13px">
Entry into a Material Definitive Agreement.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">On
October 11, 2018 Inuvo, Inc., together with certain of its
wholly-owned subsidiaries as co-borrowers, entered into the Amended
and Restated Business Financing Agreement (the &#x201C;Amended and
Restated Financing Agreement&#x201D;) with Western Alliance Bank.
The Amended and Restated Financing Agreement, which is secured by
all of our assets, amended and superseded in its entirety the
Business Financing Agreement, as amended, that we entered into on
March 1, 2012 with Bridge Bank, N.A. which is now owned by Western
Alliance Bank. The Amended and Restated Financing Agreement does
not have a term and either party may terminate upon notice to the
other party. As a result of the amended terms of our lending
relationship with Western Alliance Bank, our borrowing base with
Western Alliance Bank is expected to increase.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">The
material amendments to the terms of our lending relationship with
Western Alliance Bank set forth in the Amended and Restated
Financing Agreement include:</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table; margin-left: 48px;">
<div style="display: table-row;">
<div style="display: table-cell; width: 24px;"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell; margin-left: 0px; text-indent: 0px; margin-right: 0px;">
<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">a</font> <font style="color: #000000">financed
receivable arrangement which provides:</font></font></div>
</div>
</div>
<div style="margin-left: 48px; margin-right: 0px; text-indent: 0px;"></div>
<div style="display: table; margin-left: 48px;">
<div style="display: table-row;">
<div style="display: table-cell; width: 24px;"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell; margin-left: 0px; text-indent: 0px; margin-right: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">85%
of actual issued invoices at prime plus 1%; and</font></div>
</div>
</div>
<div style="margin-left: 48px; margin-right: 0px; text-indent: 0px;"></div>
<div style="display: table; margin-left: 48px;">
<div style="display: table-row;">
<div style="display: table-cell; width: 24px;"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell; margin-left: 0px; text-indent: 0px; margin-right: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">a
sub-limit on unbilled receivables based on 75% of up to $2,500,000
in unbilled invoices at prime plus 2%. This provision expires at
the end of January 2019.</font></div>
</div>
</div>
<div style="margin-left: 48px; margin-right: 0px; text-indent: 0px;"></div>
<div style="display: table; margin-left: 48px;">
<div style="display: table-row;">
<div style="display: table-cell; width: 24px;"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell; margin-left: 0px; text-indent: 0px; margin-right: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">certain
fees, including, but not limited to:</font></div>
</div>
</div>
<div style="margin-left: 48px; margin-right: 0px; text-indent: 0px;"></div>
<div style="display: table; margin-left: 48px;">
<div style="display: table-row;">
<div style="display: table-cell; width: 24px;"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell; margin-left: 0px; text-indent: 0px; margin-right: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">a
facility fee of $11,765 was paid on the date of the agreement.
Thereafter, an annual facility fee of 0.25% of the formula account
balance will be due beginning on April 20, 2019;</font></div>
</div>
</div>
<div style="margin-left: 48px; margin-right: 0px; text-indent: 0px;"></div>
<div style="display: table; margin-left: 48px;">
<div style="display: table-row;">
<div style="display: table-cell; width: 24px;"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell; margin-left: 0px; text-indent: 0px; margin-right: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">at
the end of each month we are obligated to pay the lender a
maintenance fee of 0.125% per month of the ending daily account
balance for the relevant period;</font></div>
</div>
</div>
<div style="margin-left: 48px; margin-right: 0px; text-indent: 0px;"></div>
<div style="display: table; margin-left: 48px;">
<div style="display: table-row;">
<div style="display: table-cell; width: 24px;"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell; margin-left: 0px; text-indent: 0px; margin-right: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">we
also paid a fee of $30,000 to the bank upon the execution of the
agreement in lieu of issuing the bank a warrant; and</font></div>
</div>
</div>
<div style="margin-left: 48px; margin-right: 0px; text-indent: 0px;"></div>
<div style="display: table; margin-left: 48px;">
<div style="display: table-row;">
<div style="display: table-cell; width: 24px;"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell; margin-left: 0px; text-indent: 0px; margin-right: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">$75,000
will be due the bank upon termination of the agreement or repayment
of our obligations under the Amended and Restated Financing
Agreement.</font></div>
</div>
</div>
<div style="margin-left: 48px; margin-right: 0px; text-indent: 0px;"></div>
<div style="display: table; margin-left: 48px;">
<div style="display: table-row;">
<div style="display: table-cell; width: 24px;"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell; margin-left: 0px; text-indent: 0px; margin-right: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">upon
termination of the agreement by either party or upon an event of
default all of our obligations to Western Alliance Bank become due
and payable. Events of default include:</font></div>
</div>
</div>
<div style="margin-left: 48px; margin-right: 0px; text-indent: 0px;"></div>
<div style="display: table; margin-left: 48px;">
<div style="display: table-row;">
<div style="display: table-cell; width: 24px;"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell; margin-left: 0px; text-indent: 0px; margin-right: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">our
failure to make any payments when due or our failure to provide the
bank with an enforceable first lien on or a security interest in
the collateral;</font></div>
</div>
</div>
<div style="margin-left: 48px; margin-right: 0px; text-indent: 0px;"></div>
<div style="display: table; margin-left: 48px;">
<div style="display: table-row;">
<div style="display: table-cell; width: 24px;"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell; margin-left: 0px; text-indent: 0px; margin-right: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">the
filing of a petition for bankruptcy protection, if we make a
general assignment for the benefit of creditors, if a receiver is
appointed for our business or if our business terminates;
or</font></div>
</div>
</div>
<div style="margin-left: 48px; margin-right: 0px; text-indent: 0px;"></div>
<div style="display: table; margin-left: 48px;">
<div style="display: table-row;">
<div style="display: table-cell; width: 24px;"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell; margin-left: 0px; text-indent: 0px; margin-right: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">of
the capital ownership of our company on the date of the agreement
cease to own and control, directly and indirectly, at least 51% of
the capital ownership of Inuvo, Inc., or if we cease to own and
control, directly and indirectly, at least 100% of the capital
ownership of each of our subsidiaries which are also borrowers;
and</font></div>
</div>
</div>
<div style="margin-left: 48px; margin-right: 0px; text-indent: 0px;"></div>
<div style="display: table; margin-left: 48px;">
<div style="display: table-row;">
<div style="display: table-cell; width: 24px;"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">&#x25CF;</font></div>
<div style="text-align: justify; display: table-cell; margin-left: 0px; text-indent: 0px; margin-right: 0px;">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">other
customary events of default related to material adverse changes,
cross defaults and breaches.</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">The
foregoing description of the terms and conditions of the Amended
and Restated Financing Agreement is qualified in its entirety by
reference to the agreement which will be filed as an exhibit to our
Quarterly Report on Form 10-Q for the period ended September 30,
2018.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px;">
<font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Item 8.01</font> <font style="font-weight: bold; color: #000000; font-family: Times New Roman; font-size: 13px">
Other Events.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="color: #000000; font-family: Times New Roman; font-size: 13px">On
October 15, 2018 the board of directors of Inuvo, Inc. appointed G.
Kent Burnett, a member of the board, to the Audit Committee as the
committee&#x2019;s third member. Biographical information for Mr.
Burnett, who is an independent director within the meaning of
Section 803 of the NYSE American Company Guide and Rule 10A-3 of
the Securities Exchange Act of 1934, is contained in the proxy
statement for our 2018 annual meeting of stockholders as filed with
the Securities and Exchange Commission on May 4, 2018.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">2</font></div>
</div>
<div id="pb" style="text-align: center; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; page-break-after: always; width: 100%; height: 1px; background-color: #000000">
<!--page break line--></div>
<div id="hdr">
<div style="text-align: right; width: 100%"><font style="font-family: Times New Roman; font-size: 11px">&#xA0;</font></div>
</div>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
SIGNATURES</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font-family: Times New Roman; font-size: 13px">
<tr>
<td style="vertical-align: top; width: 49%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 51%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">INUVO,
INC.</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 49%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 51%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 49%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Date:
October 17, 2018</font></div>
</td>
<td style="vertical-align: top; width: 51%;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">By: /s/
<font style="text-decoration: underline">Wallace D.
Ruiz</font></font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 49%">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 51%">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Wallace
D. Ruiz, Chief Financial Officer</font></div>
</td>
</tr></table>
</div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pgbrk" style="width: 100%; margin-left: 0px; text-indent: 0px; margin-right: 0px">
<div id="ftr">
<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div id="pn" style="text-align: center"><font style="font-family: Times New Roman; font-size: 13px">3</font></div>
</div>
<div id="pb" style="text-align: center; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; width: 100%; height: 1px; background-color: #000000">
<!--page break--></div>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>img001.jpg
<DESCRIPTION>IMAGE
<TEXT>
begin 644 img001.jpg
M_]C_X  02D9)1@ ! 0$ > !X  #_VP!#  (! 0(! 0(" @(" @(" P4# P,#
M P8$! ,%!P8'!P<&!P<("0L)" @*" <'"@T*"@L,# P,!PD.#PT,#@L,# S_
MVP!# 0(" @,# P8# P8," <(# P,# P,# P,# P,# P,# P,# P,# P,# P,
M# P,# P,# P,# P,# P,# P,# P,# S_P  1"  ^ ,,# 2(  A$! Q$!_\0
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MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H # ,!  (1 Q$ /P#Z)_X*9?\
M!3C]J']G[_@IT_P]^'L5RWP[%QH: IX.-^NVY$/VG_2=A_O-W^7\*_7.BB@
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M=C_@TF_Y*Y\;?^P/I'_HZZK]5O\ @H?^RW!^V?\ L7?$+X<NB&\U[2I#IDC
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M-\=^)YY+]\]VA43/&?\ 9<*1Z"JOCW_@D;^VM_P3R@E\6^$IM>GM=-!EFO?
M'B*>XEB4<EGM<))(H Y B<8ZBOZ-J* /QJ_X)2?\'(=_XD\7:9\//VB)K$'4
M)5L].\;11+:I',3M6/4(AA$R<+YZ!5!^^H&7'[**P=01R#R".]?C+_P<K?\
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MK>+DS:G? "*/'=E@"8_Z^37ZY_\ !-G]E6/]BS]B+X>_#SRT74M(TQ)]7=5
M\W4)R9KIB1U_>NX!_NJOI7X;?\$L/ 6I?\%2O^"SG_">^)+=I]/M]8N?B'K,
M;KN2&.*4?8K8@]A*UL@']V%O2OZ.Z /YP?\ @Y$U*?Q-_P %9/$.GWCM]EL]
M"T:PAR>$B>(R-C_@4KFOZ*_!7AZT\(^#=)TK3T2.PTRRAM+9$&%6*-%1 /;
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M)\_\')WPG\6_!?0]%^-NIWW@KQSI%K':7NI/I\]WINL%%"BY5X5=HW?&61U
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A&BH-'TFWT#2+6QM(Q#:V4*00Q@DB-% 51SSP ** /__9

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