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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): November 22, 2013
GLOBAL EQUITY INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
Nevada 000-54557 27-3986073
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification Number)
X3 Jumeirah Bay, Office 3305, Jumeirah Lake Towers
Dubai, UAE
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: +971 (7) 204 7593
Al Habtoor Business Tower
Level 28, PO Box 29805
Dubai Marina, Dubai, UAE
(Former Address)
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 (see General Instruction A.2., below):
[ ] 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 communication pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.133-4(c))
ITEM 2.03 CREATION OF A DIRECT FINANCIAL OBLIGATION.
On November 29, 2013, Global Equity International, Inc. ("Company")
received a loan in the amount of $450,000 from Mr. Jason St. Pierre, a resident
of the United Kingdom and the Company issued a Convertible Note due on November
21, 2014 ("Convertible Note"). The Convertible Note will bear interest at the
rate of 10% per annum until maturity. The Convertible Note may be converted into
shares of the Issuer's common stock at a conversion price of $.50 per share at
the option of the holder of the Convertible Note.
If the Convertible Note is not paid in full or converted into common stock
of the Issuer prior to its maturity date, then the Convertible Note will accrue
interest at the rate of 4.5% per annum from the maturity date until paid in
full.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits:
Exhibit No. Description of Exhibit
----------- ----------------------
10.1 Convertible Note, dated November 22, 2013, made by Global Equity
International, Inc. and payable to Mr. Jason St. Pierre.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
Dated: November 29, 2013
GLOBAL EQUITY INTERNATIONAL, INC.
By: /s/ Enzo Taddei
-------------------------------------
Enzo Taddei
Chief Financial Officer
2
EXHIBIT INDEX
Exhibit No. Description of Exhibit
----------- ----------------------
10.1 Convertible Note, dated November 22, 2013, made by Global Equity
International, Inc. and payable to Mr. Jason St. Pierre