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
August 20, 2010
Date of Report (Date of earliest event reported)
KURRANT MOBILE CATERING, INC.
(Exact name of registrant as specified in its charter)
| Colorado | | 000-53011 | | 26-1559350 |
| (State or other jurisdiction of incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
5310 15th Avenue, Suite 303 Montreal, Quebec, Canada | | H1X 3G2 |
| (Address of principal executive offices) | | (Zip Code) |
(858) 531-5723
Registrant’s telephone number, including area code
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
SECTION 1. REGISTRANT’S BUSINESS AND OPERATIONS
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
Convertible Promissory Notes
Effective approximately May 6, 2010 through August 20, 2010, Kurrant Mobile Catering, Inc., a Colorado corporation (the “Corporation”) entered into a series of convertible promissory notes in various principal amounts (collectively, the “Convertible Promissory Notes”) with various creditors (collectively, the “Creditors”). The aggregate amount represented in principal loaned to the Corporation from the Creditors is $341,000.00.
In accordance with the terms and provisions of the Convertible Promissory Notes, the Convertible Promissory Notes are unsecured, shall bear interest at the rate of 10% per annum from the date of issuance of the respective Convertible Promissory Note and be payable sixty days from the date of issuance of the respective Convertible Promissory Note. Each Convertible Promissory Note is convertible at the election of the Creditor into shares of the Corporation’s common stock at either the rate of $0.16 or $0.10 per share. The Convertible Promissory Notes, principal amounts, issuance dates and conversion rates are listed below:
| Holder | | Date of Issuance | | Principal Amount | | | Conversion Rate | |
| Theodore Argyrakis | | May 6, 2010 | | $ | 20,000.00 | | | $ | 0.16 | |
| Dimitrios Liakopoulos | | May 17, 2010 | | | 10,000.00 | | | | 0.16 | |
| Kristine McNally | | June 2, 2010 | | | 20,000.00 | | | | 0.16 | |
| Dimitrios Liakopoulos | | June 9, 2010 | | | 10,500.00 | | | | 0.16 | |
| Ekaterini Liakopoulos | | June 9, 2010 | | | 39,500.00 | | | | 0.16 | |
| Dimitrios Liakopoulos | | July 8, 2010 | | | 30,000.00 | | | | 0.16 | |
| Dimitrios Liakopoulos | | July 12, 2010 | | | 5,000.00 | | | | 0.16 | |
| Theodore Argyrakis | | July 12, 2010 | | | 10,000.00 | | | | 0.16 | |
| Dimitrios Liakopoulos | | July 21, 2010 | | | 10,000.00 | | | | 0.10 | |
| Dimitrios Liakopoulos | | July 30, 2010 | | | 12,000.00 | | | | 0.10 | |
| Theodore Argyrakis | | August 2, 2010 | | | 15,000.00 | | | | 0.10 | |
| Theodore Argyrakis | | August 11, 2010 | | | 10,000.00 | | | | 0.10 | |
| Dimitrios Liakopoulos | | August 13, 2010 | | | 7,000.00 | | | | 0.10 | |
| Tony Khoury | | August 16, 2010 | | | 10,000.00 | | | | 0.10 | |
| Jimmy Khoury | | August 17, 2010 | | | 57,000.00 | | | | 0.10 | |
| Theodore Argyrakis | | August 19, 2010 | | | 35,000.00 | | | | 0.10 | |
| TGA Consulting Inc. | | August 20, 2010 | | | 40,000.00 | | | | 0.10 | |
SECTION 9 – FINANCIAL STATEMENTS AND EXHIBITS
Item 9.01 Financial Statements and Exhibits
(a) Financial Statements of Business Acquired.
Not applicable.
(b) Pro forma Financial Information.
Not applicable.
(c) Shell Company Transaction.
Not applicable.
(d) Exhibits.
Not applicable.
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.
| | KURRANT MOBILE CATERING, INC. | |
| | | | |
| DATE: September 28, 2010 | By: | /s/ Pierre Turgeon | |
| | Name: | Pierre Turgeon | |
| | Title: | President/Chief Executive Officer | |
| | | | |
