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EX-10.1 - EXHIBIT 10.1 UNSECURED PROMISSORY NOTE - SEVILLE VENTURES CORPf8k052512_ex10z1.htm

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): May 25, 2012


SEVILLE VENTURES CORP.

(Exact name of registrant as specified in its charter)

 

 

 

 

Nevada

333-179882

45-2898808

(State or other jurisdiction

(Commission File Number)

(IRS Employer

of Incorporation)

 

Identification Number)

 

 

 

 

5481 North River Road

Byron, IL 61010

 

 

(Address of principal executive offices)

 

 


(847) 599-6000

 

 

(Registrant’s Telephone Number)

 

 


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))
















Seville Ventures Corp.

Form 8-K

Current Report


ITEM 1.01      

ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT


 On May 25, 2012, Seville Ventures Corp., a Nevada corporation (the "Company") issued a Promissory Note (the “Note”) to World Rider Ltd. (“World Rider”) in the amount of ten thousand US dollars ($10,000), to evidence funds lent by World Rider to the Company on May 22, 2012.  The Note earns simple interest accruing at ten percent (10%) per annum and is due upon ten (10) days written notice by World Rider.


The above description of the Note is intended as a summary only and is qualified in its entirety by the terms and conditions set forth therein, and may not contain all information that is of interest to the reader. For further information regarding the terms and conditions of the Note, this reference is made to the Note, which is filed hereto as Exhibit 10.1 and is incorporated herein by this reference.


ITEM 2.03

CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT

 

The information set forth above in Item 1.01 of this Current Report on Form 8-K is incorporated herein by this reference.


ITEM 9.01       

FINANCIAL STATEMENTS AND EXHIBITS

 

(d)

Exhibits

 

Exhibit No.

Description of Exhibit

 

10.1

Promissory Note to World Rider Ltd. dated May 25, 2012.

 


SIGNATURE


Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.


Date:   May 29, 2012


Seville Ventures Corp.


By:      /s/ Kevin Hall      

Name: Kevin Hall

Title:   President and Chief Executive Officer