Attached files
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
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FORM
8-K
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CURRENT
REPORT
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Pursuant
to Section 13 OR 15(d) of The Securities Exchange Act of
1934
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Date of Report (Date of earliest
event reported) October 16,
2009
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ORGANIC
ALLIANCE, INC.
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(Exact
name of registrant as specified in its
charter)
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Nevada
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000-53545
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20-0853334
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(State
or other jurisdiction
of
incorporation)
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(Commission
File
Number)
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(IRS
Employer
Identification
No.)
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401 Monterey Street, Suite 202
Salinas, CA 93901
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(Address
of principal executive offices)
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(831) 240.0295
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(Registrant’s
telephone number, including area
code)
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Check the
appropriate box below if the Form 8-K/A filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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TABLE
OF CONTENTS
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Page
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Item 8.01 Other Events – Loans from Officer
and Directors
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3
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Item 9.01 Promissory Note
Agreements.
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3
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SIGNATURES
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4
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Item
8.01 Other Events
On
December 10h 2009,
the management of Organic Alliance Inc. (the “Company”) announced receiving a
new loan from Mr. Parker Booth, the Company’s President and COO, for $50,000 and
consolidated his previous note dated August 13, 2009 into a single promissory
note totaling $443,500 that pays interest at 5% and matures on December 31,
2010. In addition, Mr. Booth will receive an equity interest of
2,668,747 restricted shares of the Company’s common stock.
In four
separate transactions, three Directors loaned the Company funds.
On
October 16, 2009, Mike Rosenthal, Director, loaned the Company $100,000 payable
with interest at 5% and a maturity date of March 31, 2010. In
addition, Mr. Rosenthal will receive an equity interest of 750,000 restricted
shares of the Company’s common stock.
On
November 30, 2009, Tom Morison, Chairman, loaned the Company $10,000 payable
with interest at 5% and a maturity date of June 30, 2010. In
addition, Mr. Morrison will receive an equity interest of 55,400 restricted
shares of the Company’s common stock.
On
December 11, 2009, Dr. Corey Ruth, Director, loaned the Company $50,000 payable
with interest at 5% and a maturity date of February 4, 2010. In
addition, Dr. Ruth will receive an equity interest of 200,000 restricted shares
of the Company’s common stock.
On
December 11, 2009, Mike Rosenthal, Director, loaned the Company $30,000 payable
with interest at 5% and a maturity date of March 31, 2010. In
addition, Mr. Rosenthal will receive an equity interest of 200,000 restricted
shares of the Company’s common stock.
All
proceeds from the above loans will be used for the Company’s working
capital.
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Exhibits
Filed.
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(d)
Exhibits.
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Exhibit
Number
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Description
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99.1
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Promissory
Note - Parker Booth dated December 10, 2009
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99.2
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Promissory
Note - Mike Rosenthal dated October 16, 2009
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99.3
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Promissory
Note - Tom Morison dated November 30, 2009
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99.4
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Promissory
Note - Dr. Corey Ruth dated December 11, 2009
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99.5
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Promissory
Note - Mike Rosenthal dated December 11,
2009
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3
SIGNATURE
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.
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Dated:
February 2, 2010
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ORGANIC ALLIANCE, INC.
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By:
/s/ Tom
Morrison
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Tom
Morrison, Chairman of
the Board of Directors
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4