Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
July 8, 2020
Date of Report (Date of earliest event reported)
333-188401
Commission File Number
SUCCESS ENTERTAINMENT GROUP INTERNATIONAL INC.
(Exact name of registrant as specified in its charter)
Nevada
99-0385424
(State or other jurisdiction of incorporation or organization)
(IRS Employer Identification No.)
215 North Jefferson, Box 591, Ossian, Indiana
46777
(Address of principal executive offices)
(Zip Code)
(260) 490-9990 (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 filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
¨ 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))
Securities registered pursuant to Section 12(b) of the Act: None
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
On July 8, 2020, Success Entertainment Group International Inc. (the “Company,” “we” and “us”) and Crown Bridge Partners, LLC, a New York limited liability company (the “Holder”) agreed to revise the terms of a First Amendment to the Convertible Note Issued on November 6, 2019. The First Amendment to the Convertible Issued of up to $40,500.00, was entered into with Crown Bridge Partners, LLC on November 6, 2019 (as amended to date, the “Crown Bridge Partners Note.” The Crown Bridge Partners Note is described in greater detail in the Current Report on 8K filed by the Company with the Securities Exchange Commission on November 22, 2019. The Crown Bridge Partners Note was amended on July 8, 2020 wherein the Holder agrees not to effectuate a conversion under the Note beginning on July 6, 2020 and continuing through July 30, 2020.
The amount owed pursuant to Crown Bridge Partners Note accrues interest at the rate of 5% per annum and is due and payable on August 1, 2020. The Crown Bridge Partners Note contains standard and customary events of default.
The foregoing description of the Crown Bridge Partners Note is note complete and is qualified in its entirety by reference to the full text thereof, as amended, incorporated by reference as Exhibits 10.1 to this Current Report on Form 8-K, which is incorporated by reference to this Item 2.03.
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.
Dated: July 10, 2020
By:
/s/ William Robinson
William Robinson
CEO, Secretary, and Director
3
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