Current Report Filing (8-k)
January 11 2017 - 11:30AM
Edgar (US Regulatory)
UNITED
STATES
SECURITY
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities and Exchange Act of 1934
Date
of Report (Date of earliest event reported): January 9, 2017
NUSTATE
ENERGY HOLDINGS, INC.
(Exact
name of Registrant as specified in its charter)
Florida
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000-25753
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87-04496677
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(State
or other jurisdiction
of
incorporation)
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(Commission
File
Number)
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(IRS
Employer
Identification
No.)
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401
East Olas Blvd Suite 1400
Ft.
Lauderdale, Florida 33301
(Address
of principal executive offices, including zip code)
(954)
712-7487
(Registrant’s
telephone number, including area code)
Check
the appropriate box below if the 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under
any of the following provisions:
[ ]
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Written
communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[ ]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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[ ]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)).
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Item
1.01 Entry into a Material Definitive Agreement
On
January 9, 2017 the Company entered into an agreement with i-Business Management, LLC (“i-BM”) for them to provide
consulting and advisory services to the Company. The agreement with i-BM has a term of twelve months. As part of the agreement,
i-BM commits to invest $250,000 into the Company over the first 6-month period of the agreement. In accordance with this agreement,
i-BM was issued Three Hundred Million (300,000,000) shares, and will be paid a monthly fee of $2,500/month in cash. In addition,
and in conjunction with this agreement, Mr. Kevin Yates, our CEO, agreed to forego any future compensation due him under his employment
agreement.
Item
3.02 Unregistered Sales of Equity Securities
On
January 9, 2017, in conjunction with the consulting agreement entered into with i-Business Management, LLC, the Company issued
Three Hundred Million (300,000,000) shares of its $0.0001 par value common stock, valued at $600,000, to i-Business Management,
LLC. In addition, the Company issued One Hundred Million (100,00,000) shares of its $0.0001 par value common stock, valued at
$200,000, to Kevin Yates, our CEO, and (25,000,000) shares of its $0.0001 par value common stock, valued at $50,000, to Mark Lucky,
our CFO.
The
shares issued were issued at the current market price of $0.002 per share. The recipients were accredited investors and the issuances
were exempt from registration under the Securities Act of 1933 in reliance on exemptions provided by Section 4(2) of that act.
Section
9- Financial Statements and Exhibits
Item
9.01. Financial Statements and Exhibits.
(d)
Exhibits.
Set
forth below is a list of exhibits to this Current Report on Form 8-K:
Exhibit
No.:
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Description:
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4.49
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Contract
for Services between NuState Energy Holdings, Inc. and i-Business Management, LLC, dated January 9, 2017
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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.
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NUSTATE ENERGY HOLDINGS, INC.
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Date:
January 11, 2017
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By:
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/s/
Kevin Yates
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Kevin
Yates
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Chief
Executive Officer
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