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EX-99.1 - EXHIBIT 99.1 - Forza Innovations Incexh99_1.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):  November 20th, 2017

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Genesys Industries, Inc.

(Exact name of registrant as specified in its charter)

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Florida 333-213387 30-0852686
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)

1914 24th Ave E

Palmetto, Florida  34221

Tel: 941.722.3600
(Address and telephone number of principal executive offices)

 

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))

 

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☒

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ 

 

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Section 8 – Other Events

 

Item 8.01. Other Events.

 

On November 15th, 2017, the Company (Note Maker) agreed to the assignment of an existing promissory note from Shefali Vibhakar (Assignor) to Twiga Capital Partners, LLC (Assignee) an affiliate of Shefali Vibhakar. As of November 15th, 2017 the Company owed a balance of $6,190 respectively in loans payable to its President & CEO. The loans were received to pay for certain operating expenses. They are due on demand.

 

A copy of the Assignment of Promissory Note is filed herewith as 99.1.

 

 

Section 9 – Financial Statements and Exhibits

 

Item 9.01. Financial Statements and Exhibits

 

Exhibit No. Description
99.1 Assignment of Promissory Note

 

 

 

 

 

 

 

 

 

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SIGNATURES 

 

 

Date: November 20th, 2017   Genesys Industries, Inc.
     
  By: /s/ Shefali Vibhakar
    Shefali Vibhakar
    Chief Financial Officer

 

 

 

 

 

  

 

 

 

 

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