UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 1 TO 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) March 28, 2013 UPSTREAM BIOSCIENCES INC. (Exact name of registrant as specified in its charter) Nevada 000-50331 98-0371433 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) Three Sugar Creek Center, Suite 100, Sugar Land, TX 77478 (Address of principal executive offices and Zip Code) (713) 929-3863 (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: [ ] 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)) ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT The information contained in this Item 1.01 is responsive to Item 3.02 below and is incorporated herein by reference. ITEM 3.02 UNREGISTERED SALES OF EQUITY SECURITIES. On March 28, 2013, we entered into a debt settlement agreement with Six Capital Limited, a Seychelles corporation, whereby we settled a debt in the aggregate amount of $35,000 by the issuance of 10,000,000 shares of our common stock at a price per share of $0.0035. The securities were issued to Six Capital Limited which represented that it was not a US Person (as that term is defined in Regulation S of the SECURITIES ACT OF 1933, AS AMENDED) and the subject shares were issued in an offshore transaction pursuant to Regulation S and/or Section 4(2) of the SECURITIES ACT OF 1933, AS AMENDED. ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS (d) Exhibits 10.1 Form of Shares for Debt Agreement 2 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. UPSTREAM BIOSCIENCES INC. By: /s/ Charles El-Moussa ------------------------------------------ Charles El-Moussa Chief Financial Officer, President, Chief Executive Officer, Treasurer and Director (Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer) Dated: April 22, 2013 33