---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-033838"
form_type: "8-K"
ticker: "INLX"
cik: "0001081745"
company_name: "INTELLINETICS, INC."
filed_at: "2022-11-28T23:59:59+00:00"
generated_at: "2026-06-21T12:34:47.183610+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Intellinetics amends earnout terms for Graphic Sciences acquisition: $700k payment accelerated to Jan 2, 2023

## Summary
- Final earnout payment fixed at $700,000, down from maximum of $833,333 under original agreement.
- Payment accelerated to January 2, 2023, from approximately June 1, 2023.
- Four sellers each to receive $175,000; all earnout obligations deemed satisfied upon payment.
- Amendment releases any further earnout-related claims by sellers.

## SEC filing metadata
- accession: 0001493152-22-033838
- form_type: 8-K
- ticker: INLX
- cik: 0001081745
- company_name: INTELLINETICS, INC.
- filed_at: 2022-11-28T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1081745/000149315222033838/0001493152-22-033838-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1081745/000149315222033838/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-033838
- JSON: https://secwatch.observer/filing/0001493152-22-033838.json
- Plain text: https://secwatch.observer/filing/0001493152-22-033838.txt

## Key facts
- Material Agreements
  INTELLINETICS, INC. amended Amendment to the Stock Purchase Agreement with Thomas M. Liebold, Gregory P. Colton, Fredrick M. Kamienny, and Frederick L. Erlich, collectively, the sellers valued at $700,000 (effective 2022-11-21).
  - Action: amendment
  - Agreement: asset purchase
  - Counterparty: Thomas M. Liebold, Gregory P. Colton, Fredrick M. Kamienny, and Frederick L. Erlich, collectively, the sellers
  - Value: $700,000
  - Effective: 2022-11-21
  source text: On November 21, 2022, Intellinetics, Inc. (the “Company”) entered into an Amendment to the Stock Purchase Agreement dated March 2, 2020, by and among the Company, as the buyer; Graphic Sciences, Inc., as the target; and Thomas M. Liebold, Gregory P. Colton, Fredrick M. Kamienny, and Frederick L. Erlich, collectively, the sellers. The Amendment accelerates the final earnout payment by the Company to the sellers to January 2, 2023, and it sets the amount of the final earnout payment at an aggregate of $700,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1081745/000149315222033838/0001493152-22-033838-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.