Securities and Exchange Commission
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
of earliest event reported)
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED)
June 30, 2013
Commission File No. 000-05391
name of small business issuer as specified in its charter)
|(State or other jurisdiction of incorporation or organization)
||(IRS Employer Identification No.)|
819 Naff Road
Boones Mill, VA 24065
(Address of principal
(Issuer’s telephone number)
Check the appropriate box below if the Form 8-K 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))
As used in this report, the terms "we",
"us", "our", "our company" “Universal” refer to Universal Bioenergy, Inc., a Nevada corporation.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING
Our disclosure and analysis
in this Current Report on Form 8-K contains some forward-looking statements. Certain of the matters discussed concerning our operations,
cash flows, financial position, economic performance and financial condition, and the effect of economic conditions include forward-looking
Statements that are predictive
in nature, that depend upon or refer to future events or conditions or that include words such as "expects," "anticipates,"
"intends," "plans," "believes," "estimates" and similar expressions are forward-looking
statements. Although we believe that these statements are based upon reasonable assumptions, including projections of orders, sales,
operating margins, earnings, cash flow, research and development costs, working capital, capital expenditures and other projections,
they are subject to several risks and uncertainties.
Investors are cautioned
that our forward-looking statements are not guarantees of future performance and the actual results or developments may differ
materially from the expectations expressed in the forward-looking statements.
As for the forward-looking
statements that relate to future financial results and other projections, actual results will be different due to the inherent
uncertainty of estimates, forecasts and projections may be better or worse than projected. Given these uncertainties, you should
not place any reliance on these forward-looking statements. These forward-looking statements also represent our estimates and assumptions
only as of the date that they were made. We expressly disclaim a duty to provide updates to these forward-looking statements, and
the estimates and assumptions associated with them, after the date of this filing to reflect events or changes in circumstances
or changes in expectations or the occurrence of anticipated events. You are advised, however, to consult any additional disclosures
we make in our reports on Form 10-K, Form 10-Q, Form 8-K, or their successors.
Entry into a Material Definitive Agreement.
Metwood Corporation, a Nevada corporation (the
“Company”), and Global Energy Group, (“GEG”) with its principal offices at 2
Sheen Road, Richmond, TW9 1AE, United Kingdom, entered into a Member Interests Purchase Agreement (the “Agreement”)
dated June 30, 2013.
Pursuant to the Purchase Agreement and subject
to the conditions set forth therein, the Company purchased ninety nine (99%) of the Member Interests of GEG, in exchange consideration
consisting of 20 million shares of preferred and 60 million shares common stock of the Company, pursuant to the terms and conditions
set forth in the Agreement.
Pursuant to the Agreement, the parties acknowledged
they have properly and timely performed all terms and conditions as required pursuant to the Agreement, and therefore the transaction
contemplated by the “Member Interests Purchase Agreement” (Agreement), was “Closed” on June 30, 2013.
The completion of the acquisition was approved
by the Board of Directors of the Company. Each of the Company and GEG has made customary representations and warranties in the
Member Interests Purchase Agreement. GEG has also agreed to various covenants in the Member Interests Purchase Agreement,
including, among other things, to conduct its business in the ordinary course consistent with past practice in all material respects
during the period between the execution of the Agreement and the Closing of the transaction.
“GEG” is primarily a holding company
engaged in the business of acquiring other companies, business assets and investing in other private and public and companies
for its own investment portfolio.
Additional Summary of the Purchase Agreement
The foregoing description of the Member
Interests Purchase Agreement is only a summary, does not purport to be complete, and is qualified in its entirety by reference
to the Member Interests Purchase Agreement. Metwood expects to file a copy of the Member Interests Purchase Agreement,
that will also include the financial statements of GEG and the pro forma financial information with our Company as part of
an amendment to this Form 8-K Report, within the time frames required under the Securities Exchange Act of 1934.
Item 2.01 - Acquisition Or Disposition Of Assets.
See Item 1.01 above.
Item 3.02 - Unregistered Sale Of Equity Securities.
See Item 1.01 above.
Item 9.01 Financial Statements and Exhibits
||Financial statements of business acquired. |
The financial statements required by
this Item 9(a) will be filed by amendment to this Form 8-K within the period permitted by Item 9(a)(4) of Form 8-K.
||Pro Forma financial information |
The pro forma financial information
required by this Item 9(b) will be filed by amendment to this Form 8-K within the period permitted by Item 9(b)(4) of
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.
|| Metwood, Inc.|
Date: August 1, 2013
/s/ Robert M. Callahan
Robert M. Callahan
President and Chief Executive Officer