Attached files
file | filename |
---|---|
EX-10.1 - EX 10.1 CONVERTIBLE DRAWDOWN NOTE - NORTH SPRINGS RESOURCES CORP. | f8k_ex10z1.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): December 21, 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) |
|
Reno, NV 89501 |
|
| (Address of principal executive offices) |
|
| Phone: (775) 398-3078 |
|
| (Companys Telephone Number) |
|
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 December 21, 2011, North Springs Resources Corp., a Nevada corporation (the "Company") issued a ten percent (10%) Convertible Drawdown Promissory Note (the Drawdown Note) to Kazuo Holdings, Inc. (Kazuo). Pursuant to the Drawdown Note, the Company may borrow up to one million US dollars ($1,000,000) from Kazuo. The Note earns simple interest accruing at a rate of ten percent (10%) per annum and is due on or before the one (1) year anniversary of the Drawdown Note.
The description of the Drawdown Note is a brief summary only and is qualified in its entirety by the respective terms set forth therein. A copy of the Drawdown Note is filed as Exhibit 10.1 to this Current Report on Form 8-K.
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 | Drawdown Note to Kazuo Holdings, Inc. dated December 21, 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: December 22, 2011 | By: /s/ Harry Lappa |
| |
|
| Harry Lappa | |
|
| President and CEO |