SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Date of Report (Date of earliest event reported): JUNE 21, 2001
FULL MOON UNIVERSE, INC.
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(Exact name of registrant as specified in its charter)
WASHINGTON 1-1337 91-0684860
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1645 NORTH VINE STREET - 9TH FLOOR, HOLLYWOOD, CA 90028
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(Address of principal executive offices)
Registrant's telephone number, including area code: (323) 468-0599
N/A
(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS
The Company is unable make the June 21, 2001 payments due to a secured creditor
under the terms of three secured promissory notes. The notes are now in default.
The notes are secured by the Company's property including all royalties,
accounts receivable and other intangible property as well as all inventory and
other tangible personal property.
Under the terms of the notes, payment of the principal in the amount of
$2,245,000 and $160,825 of accrued interest is accelerated and is now
immediately due and payable. In addition, interest on the outstanding principal
balance is increased from nine and one half percent (9.5%) per annum to twelve
percent per annum.
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.
FULL MOON UNIVERSE, INC.
Date: June 21, 2001
/s/ Charles Band
By:-------------------------------
Charles Band, President