Attached files
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| EX-10.1 - EXHIBIT 10.1 JOINT VENTURE AGREEMENT - Fuelstream INC | ex10_1jointventure.htm |
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): September 14, 2010
FUELSTREAM, INC.
(Exact Name of Registrant as Specified in Charter)
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Delaware
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333-14477
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87-0561426
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(State of Other Jurisdiction
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(Commission File
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(IRS Employer
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Of Incorporation)
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Number)
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Identification No.)
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10757 South River Front Parkway, Ste 125
South Jordan, Utah
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84095
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(Address of Principal Executive Offices)
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(Zip Code)
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Registrant’s telephone number, including area code: (801) 816-2510
(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 1.01 Entry into a Material Definitive Agreement
On August 31, 2010, Fuel Stream, Inc. (“FLST” or the “Company”) entered into a Joint Venture Agreement (“Agreement”) with International Capital Partners, LLC, a Delaware limited liability company and Joeseph F. Maida, Inc., a corporation incorporated in Florida ( “IJ”). The purpose of the Agreement is for the purchase and resale of certain commodity products on terms to be mutually agreed upon by the Parties as set forth in the Agreement. Both parties shall share the profit realized from this Agreement after netting out any mutually agreed costs and expenses, with FLST receiving 60% and IJ receiving 40%.
Item 5.02 Election of Directors; Appointment of Certain Officers
On September 16, 2010, David Zirulnikoff was appointed as a member of the Company’s board of directors. A summary of Mr. Zirulnikoff’s background and experience is as follows:
David Zirulnikoff, age 36, is a member of the Company’s board of directors. He is currently responsible for managing the Company’s project development and trade desk operations, screening, sourcing and structuring new product-supply relations and contracts. Prior to joining the Company, from December 2003 to September 2008, Mr. Zirulnikoff owned and managed Bransteff Corporation which dealt in mergers, acquisitions and commodities. In September 2008 it then merged into Turnmile America, LLC where he also worked in mergers, acquisitions and commodities and was responsible for listing Turnmile America with a fortune 50 commodity trading-brokerage company.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
The following document is being filed herewith by the Company as an exhibit to this Current Report on Form 8-K:
10.1 Joint Venture Agreement dated August 31, 2010 between the Registrant, International Capital Partners, LLC, and Joeseph F. Maida, Inc.*
* Filed herewith
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. | |||
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Date: September 16, 2010
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By:
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/s/ Mark Klok | |
| Mark Klok | |||
| Chief Executive Officer | |||