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) June 8 15, 2006

E-CENTIVES, INC.

(Exact name of registrant as specified in its charter)

Delaware

000-31559

52-1988332

(State or other jurisdiction

of incorporation)

(Commission File Number)

(IRS Employer

Identification No.)


6901 Rockledge Drive, 6th Floor, Bethesda, Maryland		20817
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code (240) 333-6100

(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 (see General Instruction A.2. below):

¨	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))

Item 12.0103 ~~Entry~~Creation ~~into~~of a ~~Material~~Direct ~~Definitive~~Financial ~~Agreement~~Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

~~On June 8, 2006, E-centives, Inc~~Item 3.02 ~~(the~~Unregistered ~~“Company”)~~Sales ~~amended the five convertible promissory notes with LGT Bank in Liechtenstein for an aggregate~~ of ~~$220,000~~Equity ~~and,~~Securities on June 14, 2006, the Company amended the convertible promissory notes with Union Bancaire Privée and Bank Julius Baer & Co. for an aggregate of $230,000. The amendments extended the maturity date of each note to September 30, 2006 and are effective May 22, 2006.

AsOn aJune 15, ~~result~~2006, ofE-centives, ~~these~~Inc. ~~amendments,~~(the we“Company”) ~~were~~issued ~~able~~a toconvertible ~~delay~~promissory ~~until~~note ~~September 30, 2006,~~in anthe ~~aggregate~~principal amount of $~~450~~500,000 ~~that~~to ~~would~~US ~~have~~Venture ~~been~~05, ~~due~~Inc. ~~within~~(“US Venture 05”). The terms of the ~~next~~note include, 30among ~~days.~~other things:

~~Copies~~• ofa ~~the seven convertible promissory notes, as amended to date (including the amendments described above), are filed as Exhibits~~ 10.1% ~~through~~interest ~~10.7 hereto.~~ rate;

•

a maturity date of December 31, 2006;

•

a conversion feature, whereby the principal amount of and accrued interest on the note is convertible at the option of the holder at any time into shares of Series C preferred stock at a conversion price of $4 per share;

•

a redemption feature, whereby the note may be redeemed by the Company at any time by payment of the principal amount of and accrued interest on the note to the holder; and

•

a security interest in substantially all of our assets, including certain patents of the Company.

The note is subordinated in right of payment to all existing and future bank indebtedness of the Company, including lease and equipment finance obligations, is senior in right of payment to all classes and series of the Company’s capital stock, and is pari passu with any and all convertible debt securities issued by the Company.

Peter Friedli, our director and largest stockholder, serves as the President of US Venture 05 and as such may be deemed to beneficially own such shares. The terms of the Series C preferred stock in which the note is convertible are identical to the terms of the shares issued in 2005 that were part of the Series C preferred stock financing commenced on March 31, 2005, which is described in the Current Report on Form 8-K filed with the Securities and Exchange Commission on April 6, 2005. The $4 conversion price of the note is also the same as the purchase price of the shares of Series C preferred stock in such financing. The terms of the Series C preferred stock is attached hereto as Exhibit 3.1 and incorporated herein by reference.

The issuance of the convertible note was not registered under the Securities Act of 1933, as amended, in reliance upon the exemption set forth in Section 4(2) of the Securities Act relating to transactions by an issuer not involving a public offering.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

10.1		Convertible Promissory Note between the Company and LGT Bank in Liechtenstein, as amended.
3.1		Certificate of Designations of the Powers, Preferences and Relative, Participating, Optional and other Special Rights of Series C Preferred Stock of E-centives, Inc. as filed in the Office of the Secretary of State of Delaware on March 21, 2005 (incorporated by reference to the same-numbered exhibit to the registrant’s Current Report on Form 8-K filed on April 6, 2005).
10.2		Convertible Promissory Note between the Company and LGT Bank in Liechtenstein, as amended.
4.1		Convertible Promissory Note of the Company dated as of June 15, 2006.
10.3		Convertible Promissory Note between the Company and LGT Bank in Liechtenstein, as amended.
10.4		Convertible Promissory Note between the Company and LGT Bank in Liechtenstein, as amended.
10.5		Convertible Promissory Note between the Company and LGT Bank in Liechtenstein, as amended.
10.6		Convertible Promissory Note between the Company and Union Bancaire Privée.
10.7		Convertible Promissory Note between the Company and Bank Julius Baer & Co.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


E-CENTIVES, INC.

By:		/s/ Tracy Slavin
		Tracy Slavin
		Chief Financial Officer

Date: June 14 21, 2006

~~Exhibit~~EXHIBIT ~~List~~INDEX

Exhibit		Description
10.1		Convertible Promissory Note between the Company and LGT Bank in Liechtenstein, as amended.
3.1		Certificate of Designations of the Powers, Preferences and Relative, Participating, Optional and other Special Rights of Series C Preferred Stock of E-centives, Inc. as filed in the Office of the Secretary of State of Delaware on March 21, 2005 (incorporated by reference to the same-numbered exhibit to the registrant’s Current Report on Form 8-K filed on April 6, 2005).
10.2		Convertible Promissory Note between the Company and LGT Bank in Liechtenstein, as amended.
4.1		Convertible Promissory Note of the Company dated as of June 15, 2006.
10.3		Convertible Promissory Note between the Company and LGT Bank in Liechtenstein, as amended.
10.4		Convertible Promissory Note between the Company and LGT Bank in Liechtenstein, as amended.
10.5		Convertible Promissory Note between the Company and LGT Bank in Liechtenstein, as amended.
10.6		Convertible Promissory Note between the Company and Union Bancaire Privée.
10.7		Convertible Promissory Note between the Company and Bank Julius Baer & Co.

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