-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, COyTxeFwbFANPsYumoYjSpuSl0y1t+UHrUWay0NE5eY4q+v/lT1O7vmuMrykTI/A FQQLHddnXLYrjIl9xaYzpA== 0001328759-08-000054.txt : 20080404 0001328759-08-000054.hdr.sgml : 20080404 20080404111800 ACCESSION NUMBER: 0001328759-08-000054 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20080331 ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080404 DATE AS OF CHANGE: 20080404 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Ethos Environmental, Inc. CENTRAL INDEX KEY: 0001056598 STANDARD INDUSTRIAL CLASSIFICATION: MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400] IRS NUMBER: 880467241 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-30237 FILM NUMBER: 08739486 BUSINESS ADDRESS: STREET 1: 6800 GATEWAY PARK DRIVE CITY: SAN DIEGO STATE: CA ZIP: 92154 BUSINESS PHONE: 619-575-6800 MAIL ADDRESS: STREET 1: 6800 GATEWAY PARK DRIVE CITY: SAN DIEGO STATE: CA ZIP: 92154 FORMER COMPANY: FORMER CONFORMED NAME: VICTOR INDUSTRIES INC DATE OF NAME CHANGE: 19980224 8-K 1 form8kethos.htm FORM 8-K ETHOS ENVIRONMENTAL, INC. form8kethos.htm
 
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): March 31, 2008

ETHOS ENVIRONMENTAL, INC.
(Exact name of registrant as specified in its charter)
 
Nevada
  
000-30237
  
88-0467241
(State or other jurisdiction
  
(Commission File Number)
  
(IRS Employer
of Incorporation)
      
Identification Number)
         
   
6800 Gateway Park Drive
San Diego, CA 92154
    
   
(Address of principal executive offices)
    
         
   
619-575-6800
    
   
(Registrant’s Telephone Number)
    
         
 (Former name or former address, if changed since last report)

Copy of all Communications to:
Luis Carrillo
SteadyLaw Group, LLP
501 W. Broadway, Suite 800
San Diego, CA 92101
main phone: 619.399.3090
fax: 619.330.1888

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:
 
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
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Item 2.03
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

In exchange for an aggregate amount of $300,000 cash investment received on March 31, 2008, the Company issued a promissory note to Dick F. Chase. The promissory note is in the original principal amount of $300,000 and bears interest at 12% per annum, which is payable monthly in arrears. The promissory note is due on March 31, 2009.  The foregoing description of the Promissory Note is not complete and is qualified in its entirety by reference to the Promissory Note, which is attached as Exhibit 99.1.

 
Item 9.01  Financial Statements and Exhibits.
 
(a) Not applicable
 
(b) Not applicable
 
(c) Not applicable
 
(d) Exhibits.

 
Exhibit No.    Description
     
99.1
  
Promissory Note – Dick F. Chase, March 31, 2008

 
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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 thereunto duly authorized.

  Ethos Environmental, Inc.  
       
Date:  April 3, 2008  
By:
/s/ Thomas W. Maher  
    Thomas W. Maher,  
    Chief Financial Officer  
       


 
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 EX-99.1 2 ex99-1ethos.htm EXHIBIT 99.1 PROMISSORY NOTE: DICK F. CHASE ex99-1ethos.htm
 
USD$300,000
  
San Diego, California
 
  
March 31, 2008
 
PROMISSORY NOTE
 
    FOR VALUE RECEIVED, Ethos Environmental, Inc., a Nevada corporation (the “Payor”) hereby unconditionally promises to pay to the order of Dick F. Chase (the “Payee”), the principal amount of THREE HUNDRED THOUSAND DOLLARS ($300,000). All amounts payable hereunder shall be payable to Payee in United States dollars at such bank account as shall be designated by the Payee in immediately available funds or as otherwise specified to Payor in writing. The principal amount is due and payable on the first anniversary hereof.
 
    INTEREST RATE:  The Promissory Note (the “Note”) shall bear interest an an annual rate of 12% payable monthly in arrears and be payable in monthly installments of three thousand dollars ($3000.00) beginning April 28, 2008 and continuing until maturity.
 
    BORROWER'S PRE-PAYMENT RIGHT:  Payor may at any time and from time to time prepay the principal amount, in whole or in part, without premium or penalty.
 
    PLACE FOR PAYMENT.  Borrower promises to pay to the order of Payee at the place for payment and according to the terms for payment the principal amount plus interest at the rates stated above. All unpaid amounts shall be due by the final scheduled payment date.
 
    DEFAULT AND ACCELERATION CLAUSE.  If Borrower defaults in the payment of this Note or in the performance of any obligation, and the default continues after Payee gives Borrower notice of the default, all sums owing on this Note shall bear interest until paid in full at a rate per annum equal to the Interest Rate plus ten percent (10.00%) (the “Default Rate”).
 
    FORM OF PAYMENT.  Any check, draft, Money Order, or other instrument given in payment of all or any portion hereof may be accepted by the holder and handled in collection in the customary manner, but the same shall not constitute payment hereunder or diminish any rights of the holder hereof except to the extent that actual cash proceeds of such instruments are unconditionally received by the payee and applied to this indebtedness in the manner elsewhere herein provided.
 
    ATTORNEY'S FEES.  If this Note is given to an attorney for collection or enforcement, or if suit is brought for collection or enforcement, or if it is collected or enforced through probate, bankruptcy, or other judicial proceeding, then Borrower shall pay Payee all costs of collection and enforcement, including reasonable attorney's fees and court costs in addition to other amounts due.
 
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SEVERABILITY.  If any provision of this Note or the application thereof shall, for any reason and to any extent, be invalid or unenforceable, neither the remainder of this Note nor the application of the provision to other persons, entities or circumstances shall be affected thereby, but instead shall be enforced to the maximum extent permitted by law.
 
BINDING EFFECT.  The covenants, obligations and conditions herein contained shall be binding on and inure to the benefit of the heirs, legal representatives, and assigns of the parties hereto.
 
DESCRIPTIVE HEADINGS.  The descriptive headings used herein are for convenience of reference only and they are not intended to have any effect whatsoever in determining the rights or obligations under this Note.
 
CONSTRUCTION.  The pronouns used herein shall include, where appropriate, either gender or both, singular and plural.
 
GOVERNING LAW.  This Note shall be governed, construed and interpreted by, through and under the Laws of the State of California.  
 
 
ETHOS ENVIRONMENTAL, INC.
     
     
   
Enrique de  Vilmorin, CEO

 
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