form8k.htm

0001013762-10-002603.txt : 20101108 0001013762-10-002603.hdr.sgml : 20101108 20101108172637 ACCESSION NUMBER: 0001013762-10-002603 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20101108 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20101108 DATE AS OF CHANGE: 20101108 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Forex International Trading Corp. CENTRAL INDEX KEY: 0001471781 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 270603137 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-161795 FILM NUMBER: 101173438 BUSINESS ADDRESS: STREET 1: 1618 N. FAIRFAX AVENUE CITY: LOS ANGELES STATE: CA ZIP: 90046 BUSINESS PHONE: 323-822-1750 MAIL ADDRESS: STREET 1: 1618 N. FAIRFAX AVENUE CITY: LOS ANGELES STATE: CA ZIP: 90046 8-K 1 form8k.htm FOREX INTERNATIONAL TRADING CORP. FORM 8-K form8k.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 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): November 8, 2010

Commission File Number 333-161795

FOREX INTERNATIONAL TRADING CORP.

(Exact name of small business issuer as specified in its charter)

Nevada	27-0603137
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

1618 N. Fairfax Avenue, Los Angeles, California 90046

(Address of principal executive offices)

323-822-1750

(Issuer’s telephone number)

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 Instructions 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 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))

Item 1.01 Entry Into a Material Definitive Agreement

On July 8, 2010, Forex International Trading Corp. (the "Company") issued a Convertible Promissory Note to A.T. Limited (“ATL”) in aggregate principal amounts of $500,000 (the “Forex Note”). In consideration for the Company issuing the Forex Note, ATL issued the Company a Secured and Collateralized Promissory Note in the principle amount of $400,000 (the “ATL Note”). Concurrent with the conversion of the Forex Note, ATL must make a payment to the Company reducing a pro rata amount owed to the Company under the ATL Note. On November 8, 2010, the Company and ATL agreed that various loans in the principal amount of $71,736 (the “Prepaid Amount”) provided by ATL to the Company shall be applied to the ATL Note reducing the principal of the ATL Note b y such amount. Accordingly, upon the initial conversions of the Forex Note, ATL will not be required to make such pro-rata payment reducing the ATL Note until the Prepaid Amount has been exceeded.

The foregoing information is a summary of each of the agreements involved in the transactions described above, is not complete, and is qualified in its entirety by reference to the full text of those agreements, each of which is attached an exhibit to this Current Report on Form 8-K. Readers should review those agreements for a complete understanding of the terms and conditions associated with this transaction.

Item 9.01 Financial Statements and Exhibits.

Exhibit Number	Description

4.1	Letter Agreement by and between Forex International Trading Group and A.T. Limited dated November 8, 2010

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	FOREX INTERNATIONAL TRADING CORP.

	By:	/s/ Darren Dunckel
		Name: Darren Dunckel
		CEO, President, CFO, Secretary,
		Treasurer and Director

Date: November 8, 2010

Los Angeles, California

EX-4.1 2 ex41.htm EXHIBIT 4.1 ex41.htm

Exhibit 4.1

A.T. Limited

November 8, 2010

Forex International Trading Corp.

1061 ½ N Spaulding Ave.

West Hollywood, California 90046

Re: Secured and Collateralized Promissory Note

Mr. Dunckel:

Reference is hereby made to that certain Secured and Collateralized Promissory Note (the “ATL Note”) in the principle amount of $400,000 payable to Forex International Trading Corp. (“Forex”) by A.T. Limited (“ATL”) dated July 8, 2010. ATL and Forex hereby agree that the various loans in the aggregate amount of $71,736 (the “Prepaid Amount”) provided by ATL to Forex shall be applied to the ATL Note reducing the principal of the ATL Note by the Prepaid Amount. Accordingly, upon the conversion of that certain Convertible Promissory Note issued by Forex to ATL in aggregate principal amounts of $500,000 dated July 8, 2010, ATL will not be required to make such pro-rata payment reducing the ATL Note until the Prepaid Amount has been exceeded.

Please execute below acknowledging your agreement to the above terms.

Sincerely,

A.T. Limited

By:/s/ Tiran Avgi

Name: Tiran Avgi

Title: CEO

AGREED AND ACKNOWLEDGED:

Forex International Trading Corp.

By:/s/ Darren C. Dunckel

Name: Darren C. Dunckel

Title: CEO