___________________________________________
UNITED STATES
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 5, 2013
FUELSTREAM, INC.
(Exact Name of Registrant as Specified in Charter)
| Delaware | 333-14477 | 87-0561426 |
| (State of Other Jurisdiction | (Commission File | (IRS Employer |
| of Incorporation) | Number) | Identification No.) |
| | | |
510 Shotgun Road, Suite 110 Fort Lauderdale, Florida | 33326 |
| (Address of Principal Executive Offices) | (Zip Code) |
Registrant’s telephone number, including area code: (954) 423-5345
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-k filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
Item 1.02 Termination of a Material Definitive Agreement
On August 5, 2013, Fuelstream, Inc. (the “Company”) provided notice to Peak One Opportunity Fund, L.P. (“Peak One”) that, in accordance with the terms of that certain debenture in the original principal amount of $100,000 issued by the Company to Peak One on February 1, 2013 and pursuant to the Share Purchase Agreement, the Company gave notice to Peak One that it will redeem such debenture in its entirety on August 6, 2013, and has transmitted funds to Peak One sufficient for such redemption.
Item 3.02 Unregistered Sales of Equity Securities
On August 5, 2013, the Company issued 1,800,000 shares of unregistered common stock (the “Shares”) to an accredited investor in exchange for cash. No solicitation was made and no underwriting discounts were given or paid in connection with this transact ion. The Company believes that the issuance of Shares was exempt from registration with the Securities and Exchange Commission pursuant to Section 4(2) of the Securities Act of 1933.
SIGNATURES
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 hereunto duly authorized.
| | Fuelstream, Inc. |
| | |
| Date: August 7, 2013 | By: | /s/ Robert Catala |
| | | Robert Catala
Chief Executive Officer |
