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EX-10 - EX 10.1 PROMISSORY NOTE - NORTH SPRINGS RESOURCES CORP.northsprings8kno2081111ex101.htm

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): August 1, 2011


NORTH SPRINGS RESOURCES CORP.

(Exact name of Company as specified in its charter)

 

Nevada

333-167217

68-0678790

(State or other jurisdiction

(Commission File Number)

(IRS Employer

of Incorporation)

 

Identification Number)

 

 

 

 

200 S Virginia, 8th Floor

Reno, NV 89501

 

 

(Address of principal executive offices)

 

 

 

 

 

Phone: (775) 398-3078

 

 

(Company’s Telephone Number)

 


Copy of all Communications to:

Carrillo Huettel, LLP

3033 Fifth Avenue, Suite 400

San Diego, CA 92103

Phone: 619.546.6100

Fax: 619.546.6060



Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Company under any of the following provisions:

 

      .  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))





NORTH SPRINGS RESOURCES CORP.


Form 8-K


Current Report


ITEM 1.01

ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT


On August 1, 2011, North Springs Resources Corp., a Nevada corporation (the “Company”), executed an Unsecured Promissory Note (the "Note") to Kazuo Holdings, Inc. (“Kazuo”).  Under the terms of the Note, the Company has borrowed a total of thirty five thousand dollars ($35,000) from Kazuo, which accrues interest at an annual rate of ten percent (10%), and is due on demand from Kazuo. The Note also contains customary events of default.

 

The foregoing summary description of the terms of the Note may not contain all information that is of interest. For further information regarding the terms and conditions of said Note, reference is made to the Note, which is filed hereto as Exhibit 10.1 and is incorporated herein by reference.


ITEM 2.03     

CREATION OF A DIRECT FINANCIAL OBLIGATION


The information provided in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.


ITEM 9.01

FINANCIAL STATEMENTS AND EXHIBITS


 (d)

Exhibits

 

Exhibit No.

Description of Exhibit

 

 

10.1

Promissory Note to Kazuo Holdings, Inc. dated August 1, 2011




SIGNATURE


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


  

    

  

  

NORTH SPRINGS RESOURCES CORP.

  

Date: August 11, 2011 

By: /s/ Harry Lappa

 

  

  

Harry Lappa

 

  

President and CEO