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): ~~May~~June 2921, 2017

ONSTREAM MEDIA CORPORATION

(Exact name of registrant as specified in its charter)

Florida

(State or Other Jurisdiction of Incorporation)

000-22849		65-0420146
(Commission File Number)		(IRS Employer Identification Number)

1291 SW 29 Avenue, Pompano Beach, Florida 33069

(Address of executive offices and Zip Code)

(954) 917-6655

(Registrant's Telephone Number, Including Area Code)

~~_______________________________~~______________________________

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to 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 CRF 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 133-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 18.01 ~~Entry Into a Material Definitive Agreement~~

~~Item~~Other ~~2.01 Completion of Acquisition or Disposition of Assets~~Events

AsOn ~~previously~~June ~~disclosed in our 8-K filed on March 2~~21, 2017, ~~on February 28, 2017,~~ we ~~entered~~filed ~~into~~correspondence awith ~~Patent Purchase Agreement (~~the ~~“Agreement”)~~United ~~with~~States ~~Mr.~~Securities ~~Eriya Unten, a resident of Japan~~ and anExchange ~~unrelated~~Commission ~~third-party~~ (the ~~“Buyer”~~"Commission"), ~~for~~requesting ~~our~~the ~~sale~~immediate withdrawal of ~~U.S. Patents~~ (~~Nos. 9,161,068 and 9,467,728~~i) ~~and~~the ~~related~~Preliminary ~~U.S.~~Proxy ~~Patent~~Statement ~~Applications~~on ~~(Nos.~~Schedule ~~14/843,457~~14A ~~and~~filed ~~15/255,416),~~by ~~which~~us ~~sale~~with ~~includes our entire right, title and interest in such Patents and~~ the ~~rights,~~Commission ifon ~~any,~~December ~~to the related Patent Applications~~20, ~~the~~2016 ~~causes of action to sue for infringement thereof,~~ and ~~any~~(ii) ~~other~~the ~~legal~~Schedule ~~rights~~13E-3 ~~entitled~~filed by ~~the~~us ~~original~~with ~~owner of~~ the ~~Patents~~Commission ~~and~~on ~~Patent~~December ~~Applications under the law. The disclosures in our March 2~~20, ~~2017 8-K, as well as the exhibits to that document, are incorporated herein by reference~~2016.

InCautionary aNote ~~letter~~Regarding ~~dated~~Forward-Looking May 29, 2017 and signed by us and the Buyer, the Buyer requested and we granted an extension to June 25, 2017 for the Buyer to address certain requirements by the bank financing this transaction and for Buyer to close the transaction. Statements

~~Our~~Certain ~~receipt~~statements in this document and elsewhere by Onstream Media are "forward-looking statements" within the meaning of ~~additional~~the ~~purchase~~Private ~~price~~Securities ~~funds~~Litigation ~~beyond~~Reform Act of 1995. Such information includes, without limitation, the $1business outlook, assessment of market conditions, anticipated financial and operating results, strategies, future plans, contingencies and contemplated transactions of the company.0 ~~million~~Such ~~non~~forward-~~refundable~~looking ~~deposit~~statements ~~already~~are ~~received~~not isguarantees of future performance and are subject to known and unknown risks, uncertainties and other factors which may cause or contribute to actual results of company operations, or the performance or achievements of the company or industry results, to differ materially from those expressed, or implied by the forward-looking statements. In addition to any such risks, uncertainties and other factors discussed elsewhere herein, risks, uncertainties and other factors that could cause or contribute to actual results differing materially from those expressed or implied for the forward- looking statements include, but are not limited to, ~~Buyer’s~~fluctuations ~~ability~~in todemand; ~~fund~~changes ~~its~~to ~~obligation~~economic ~~under~~growth in the ~~Agreement~~U.S. economy; government policies and regulations, including, but not limited to ~~its~~those ~~ability~~affecting the Internet. Onstream Media undertakes no obligation to ~~obtain~~publicly update any ~~necessary~~forward-looking ~~financing~~statements, ~~the~~whether ~~impact~~as a result of ~~any~~new ~~applicable~~information, Ufuture events or otherwise.S. Actual results, ~~Japanese~~performance or ~~other~~achievements ~~government~~could ~~regulations~~differ ~~affecting~~materially ~~the~~from ~~Agreement,~~those ~~any~~anticipated ~~changes~~ in ~~the~~such ~~status~~forward-looking ofstatements ~~the~~as ~~Patents~~a orresult ~~Patent~~of ~~Applications~~certain ~~and/or~~factors, ~~the~~including ~~impact~~those ofset ~~any~~forth ~~actions~~in ~~resulting~~Onstream ~~from~~Media ~~this~~Corporation's ~~announcement.~~filings ~~See~~with ~~“Cautionary~~the ~~Note~~Securities ~~Regarding~~and ~~Forward-Looking~~Exchange ~~Statements” below~~Commission.

~~Cautionary Note Regarding Forward-Looking Statements~~SIGNATURES

~~Certain~~Pursuant ~~statements~~to ~~in this document and elsewhere by Onstream Media are "forward-looking statements" within~~ the ~~meaning~~requirements of the ~~Private~~ Securities ~~Litigation~~Exchange ~~Reform~~ Act of ~~1995. Such information includes~~1934, ~~without limitation,~~ the ~~business~~registrant ~~outlook,~~has ~~assessment~~duly ofcaused market conditions, anticipated financial and operating results, strategies, future plans, contingencies and contemplated transactions of the company. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors which may cause or contribute to actual results of company operations, or the performance or achievements of the company or industry results, to differ materially from those expressed, or implied by the forward-looking statements. In addition to any such risks, uncertainties and other factors discussed elsewhere herein, risks, uncertainties and other factors that could cause or contribute to actual results differing materially from those expressed or implied for the forward- looking statements include, but are not limited to fluctuations in demand; changes to economic growth in the U.S. economy; government policies and regulations, including, but not limited to those affecting the Internet. In this ~~particular~~report ~~matter, such risk and uncertainties include the Buyer’s ability~~ to ~~fund~~be ~~its~~signed ~~obligation~~on ~~under the Agreement, including but not limited to~~ its ~~ability~~behalf toby ~~obtain any necessary financing,~~ the ~~impact~~undersigned ofhereunto ~~any~~duly ~~applicable U~~authorized.S., Japanese or other government regulations affecting the Agreement, any changes in the status of the Patents or Patent Applications and/or the impact of any actions resulting from this announcement. Onstream Media undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those set forth in Onstream Media Corporation's filings with the Securities and Exchange Commission.

~~SIGNATURES~~ONSTREAM MEDIA CORPORATION

~~Pursuant~~By: to/s/ ~~the~~Robert ~~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. Tomlinson

~~ONSTREAM~~June ~~MEDIA~~23, ~~CORPORATION~~2017

~~By: /s/~~ Robert E. Tomlinson, CFO

June 2, 2017

Robert E. Tomlinson, CFO

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