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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) |
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| 200 S Virginia, 8th Floor Reno, NV 89501 |
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| (Address of principal executive offices) |
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| Phone: (775) 398-3078 |
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| (Companys Telephone Number) |
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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 |
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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.
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| NORTH SPRINGS RESOURCES CORP.
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Date: August 11, 2011 | By: /s/ Harry Lappa |
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| Harry Lappa | ||
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| President and CEO |