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IEAG > SEC Filings for IEAG > Form 8-K on 4-Jun-2013All Recent SEC Filings

Show all filings for IRON EAGLE GROUP, INC. | Request a Trial to NEW EDGAR Online Pro

Form 8-K for IRON EAGLE GROUP, INC.


4-Jun-2013

Termination of a Material Definitive Agreement, Financial Statements and E


Item 1.02: Termination of a Material Definitive Agreement.

On June 4, 2013, the registrant completed the transfer of 100% of Tru-Val Electric Corporation, an electrical contractor, to Chris Totaro, who previously owned Tru-Val Electric. Pursuant to the transfer agreement, the registrant has executed and delivered a promissory note to Mr. Totaro for $81,688, which is to be paid within seven days of the date in which any capital raised by the registrant is in excess of $250,000. In return, Mr. Totaro will be returning all of his common and preferred shares of the registrant. There are no material early termination penalties incurred by the registrant.

We mutually agreed to separate the companies because we believe that Tru-Val will be best operated as a private company without the public company overhead and restrictions.



Item 9.01: Financial Statements and Exhibits

Exhibits

No.

Description

Ex 10

Iron Eagle/ Tru-Val transfer agreement

Ex 99.1

Iron Eagle Press Release dated June 4, 2013

Ex 99.2

Iron Eagle promissory note

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