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

~~February~~May 11, 2016

Date of Report (Date of earliest event reported)

Modern Round Entertainment Corporation

(Exact Name of Registrant as Specified in Charter)

Nevada

000-55212

90-1031365

(State or Other Jurisdiction

of Incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

7333 East Doubletree Ranch Road, Suite D-250

Scottsdale, Arizona

85258

(Address of Principal Executive Offices) (Zip Code)

(480) 219-8439

(Registrant’s telephone number, including area code)

Nuvola, Inc.

(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 51.0301 ~~Amendments~~Entry tointo ~~Articles~~a ofMaterial ~~Incorporation~~Definitive ~~or Bylaws; Change in Fiscal Year~~Agreement.

~~On December 31,~~Reference ~~2015,~~is inmade ~~connection~~to ~~with~~Item a2.03 ~~change in control~~ of ~~our company, which is described in our~~ this Current Report on Form 8-K ~~filed with the Securities and Exchange Commission on January~~. 7,The ~~2016,~~disclosure ~~our~~contained ~~Board~~in ofItem ~~Directors~~2.03 and the ~~holders~~information ~~of a~~contained ~~majority~~in ofExhibit ~~the voting power of our common stock approved our Amended and Restated Articles of Incorporation, or Restated Articles~~10. ~~On February~~ 11, ~~2016,~~attached wehereto ~~filed~~is ~~our~~hereby ~~Restated~~incorporated ~~Articles~~by ~~with~~reference ~~the~~in ~~Secretary~~its ofentirety ~~State~~into ofthis ~~the~~Item ~~state of Nevada and the Restated Articles became effective~~1.01.

~~Our~~Item ~~Restated~~2.03 ~~Articles~~Creation ~~(i) change the name~~ of ~~our~~a ~~company~~Direct ~~from~~Financial ~~“Nuvola,~~Obligation ~~Inc.”~~or ~~to “Modern~~an ~~Round~~Obligation ~~Entertainment~~under ~~Corporation,”~~an ~~(ii) increase~~Off-Balance ~~the~~Sheet ~~number~~Arrangement of ~~authorized shares of our common stock from 100,000,000 to 200,000,000, (iii) create~~ a ~~classified Board of Directors, and (iv) opt into certain anti-takeover statutes under Nevada law~~Registrant.

Our ~~Restated~~wholly ~~Articles~~owned ~~change~~subsidiary, ~~the~~Modern ~~name~~Round, ofInc., ~~our~~a ~~company~~Nevada tocorporation, “or Modern Round, ~~Entertainment~~entered into a Loan and Security Agreement, dated as of ~~Corporation”~~May in11, ~~order~~2016, toor ~~better~~the ~~align~~Loan Agreement, with ~~our~~(i) ~~current~~Black ~~business.~~Powder WeManagement, ~~were~~L.L.C., ~~previously~~a ~~engaged~~Nevada inlimited ~~the~~liability ~~provision~~company, ofor ~~cloud-based~~Black ~~technology~~Powder, ~~diagnostics~~and (ii) BK Entertainment LLC, ~~lead~~an ~~generation~~Arizona limited liability company, or BK Entertainment and ~~fulfillment~~together towith ~~installers~~Black Powder, each, a Lender and ~~service~~collectively, ~~providers~~Lenders. The principal of ~~smart~~Black ~~home~~Powder ~~products~~serves ~~and appliances.~~on Inour ~~connection~~Board ~~with~~of aDirectors ~~change~~and inis ~~control~~an indirect 10% stockholder of our company. The principal of BK Entertainment also serves on our Board of Directors, weand ~~transformed~~BK Entertainment is a 10% stockholder of our ~~business~~company. WePursuant ~~are~~to ~~now~~the ~~developing~~Loan anAgreement, ~~entertainment~~Lenders ~~concept~~have ~~centered~~agreed ~~around~~to amake ~~one-of-~~a~~-kind,~~ ~~safe~~revolving credit loan to Modern Round during the Commitment Period (as defined below), ~~virtual~~in ~~interactive~~an ~~shooting~~aggregate ~~experience~~principal ~~utilizing~~amount ~~laser~~at any one time ~~technology-based~~outstanding ~~replica~~not ~~firearms~~to exceed $1,500,000, or the Loan. Interest on the unpaid principal amount from time to time outstanding is payable by Modern Round at a rate of 5.0% per annum. Modern Round is required to pay to each Lender, in accordance with such Lender’s proportionate share of the ~~look~~outstanding advances, ~~feel~~all accrued and unpaid interest in arrears commencing on June 1, 2016, and ~~weight~~on the first day of ~~real~~each ~~firearms~~month ~~and~~thereafter ~~extensive~~until ~~food~~payment in full of any principal amount outstanding under the Loan. The principal balance outstanding under the Loan Agreement, together with all accrued interest and ~~beverage~~other ~~offerings~~amounts payable thereunder, if not sooner paid as provided in anthe ~~upscale~~Loan ~~environment~~Agreement, will be due and payable on the Termination Date (as defined below). ~~The~~Pursuant ~~name~~to “the Loan Agreement, Modern Round ~~Entertainment~~granted ~~Corporation”~~to ~~better~~Lenders ~~aligns~~a ~~with~~security ~~our~~interest ~~current business~~in ~~and~~substantially all of the personal property assets of Modern Round. Modern Round will ~~assist~~be subject to customary negative covenants as set forth in the ~~our~~Loan ~~marketing~~Agreement. As used in the Loan Agreement, ~~branding~~“Commitment Period” means the period from and including the date of the first advance under the Loan Agreement to and including the Termination Date, and ~~financing~~“Termination ~~efforts~~Date” means June 30, 2018, or (i) such earlier date upon which the commitment shall terminate as provided in the Loan Agreement or (ii) such later date upon Modern Round’s election to extend the Termination Date in accordance with the Loan Agreement. Lenders may elect to extend the Termination Date for successive one-year periods by providing written notice of such extension to Modern Round not later than 90 days prior to the Termination Date then being extended.

~~Our~~In ~~Restated~~connection ~~Articles~~with ~~also increase~~ the ~~number~~Loan ofAgreement, ~~authorized shares~~each of ~~our~~Modern ~~common~~Round’s ~~stock~~wholly ~~from~~owned ~~100~~subsidiaries,~~000,000~~ toMR ~~200~~Las Vegas,~~000~~ LLC,~~000~~ toan ~~enable~~Arizona uslimited toliability company, ~~engage~~and inMR ~~possible future transactions~~Peoria, ~~such as stock splits~~LLC, ~~stock~~an ~~dividends~~Arizona orlimited ~~other~~liability ~~distributions~~company, ~~equity~~entered ~~financing~~into ~~transactions,~~a ~~acquisitions,~~guaranty ~~and~~for the ~~issuance~~benefit of ~~stock options~~Lenders ~~and~~to ~~other~~guarantee ~~equity~~the ~~benefits~~obligations ~~available~~of Modern Round under ~~new~~the ~~benefit~~Loan ~~plans~~Agreement, and ~~take~~each ~~such~~granted ~~other~~to ~~corporate~~Lenders ~~actions~~a assecurity ~~our~~interest ~~Board~~in substantially all of ~~Directors~~its ~~determines~~personal inproperty ~~its~~assets ~~sole~~pursuant ~~discretion~~to a security agreement.

~~Our~~The ~~Restated~~foregoing ~~Articles~~description ~~create a classified Board~~ of ~~Directors,~~the ~~pursuant~~Loan toAgreement ~~which~~is ~~our Board of Directors will be divided as evenly as possible~~a ~~into~~summary ~~three~~only ~~classes. Class I directors will initially serve until the 2016 annual meeting of stockholders; Class II directors will initially serve until the 2017 annual meeting of stockholders;~~ and ~~Class~~is ~~III~~qualified ~~directors~~in ~~will~~its ~~initially~~entirety ~~serve~~by ~~until~~reference ~~the 2018~~to ~~annual meeting of stockholders. Beginning with~~ the ~~2016~~full ~~annual~~text ~~meeting~~ of ~~stockholders,~~ the ~~directors~~Loan ~~of each class~~Agreement, ~~once~~which ~~elected,~~is ~~will~~attached ~~serve~~hereto as ~~directors~~Exhibit ~~of our company for three years~~10. ~~Our previous articles of incorporation provided for the annual election of each of our directors~~11.

~~Our~~Item ~~previous articles of incorporation caused our company to opt out of certain anti-takeover provisions under Nevada law~~9.01 ~~Specifically,~~Financial ~~our~~Statements ~~company opted out of the protections afforded by Nevada’s “business combination” statute (Nevada Revised Statute Sections 78.411 to 78.444)~~ and ~~“control share acquisition” statute (Nevada Revised Statute Sections 78~~Exhibits.378 to 78.3793). Our Board of Directors and stockholders holding a majority of the issued and outstanding voting power of our common stock determined that our company would benefit from these provisions, given the developmental stage of our business. Our Restated Articles contain language that causes our company to opt into Nevada’s anti-takeover statutes.

The foregoing is a summary only and does not purport to be a complete description of all of the terms and provisions of the Restated Articles and is subject to and qualified in its entirety by reference to the full text of the Restated Articles, which is attached hereto as Exhibit 3.1(a) toFinancial ~~this~~Statements ~~Current~~of ~~Report~~Business ~~on Form 8-K, and is hereby incorporated by reference into this Item 5~~Acquired.~~03.~~

~~Item~~Not 9applicable.01 ~~Financial Statements and Exhibits.~~

(ab) ~~Financial~~Pro ~~Statements~~Forma ofFinancial ~~Business Acquired~~Information.

Not applicable.

(bc) ~~Pro~~Shell ~~Forma~~Company ~~Financial Information~~Transactions.

Not applicable.

(cd) ~~Shell Company Transactions~~Exhibits.

Not applicable.


Exhibit Number		Exhibit

10.11		Loan and Security Agreement, dated as of May 11, 2016, by and among Modern Round, Inc., Black Powder Management, L.L.C., and BK Entertainment LLC

~~(d)~~SIGNATURES ~~Exhibits.~~

ExhibitNumber		Exhibit
3.1(a)		Amended and Restated Articles of Incorporation of Modern Round Entertainment Corporation

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.

SIGNATURES

~~Pursuant~~EXHIBIT toINDEX ~~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.~~

	MODERN ROUND ENTERTAINMENT CORPORATION
Date: February 12, 2016	By:	/s/ Ronald L. Miller, Jr.
		Ronald L. Miller, Jr., Vice President, Chief Financial Officer, and Secretary



10.11		Loan and Security Agreement, dated as of May 11, 2016, by and among Modern Round, Inc., Black Powder Management, L.L.C., and BK Entertainment LLC

EXHIBIT INDEX

3.1(a) Amended and Restated Articles of Incorporation of Modern Round Entertainment Corporation

MODERN ROUND ENTERTAINMENT

CORPORATION

Date: May 16, 2016

/s/ Ronald L. Miller, Jr.

Ronald L. Miller, Jr., Vice President, Chief Financial Officer, and Secretary

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