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): December 21, 2008
Bio-Matrix
Scientific Group, Inc.
(Exact
Name of Company as Specified in Charter)
Delaware | 0-32201 | 33-0824714 |
(State or Other Jurisdiction of |
(Commission File Number) |
(IRS Employer Identification Number) |
8885
Rehco Road, San Diego, California 92121
(Address
of Principal Executive Offices, Zip Code)
Company’s
telephone number, including area code: (619) 398-3517 ext. 308
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))
Item 1.01 Entry into a Material Definitive Agreement
On September 29, 2008, Bio-Matrix Scientific Group, Inc. (“BMSN”) purchased 1,000,000 of the common shares of Freedom Environmental Services, Inc. (“FESI shares”) from Bombardier Pacific Ventures, Inc. (“Bombardier”) , a company controlled by David Koos , our Chairman and CEO, for consideration consisting of a Promissory Note (“Note”) in the principal amount of $500,000 issued by BMSN to Bombardier.
Pursuant to the terms and conditions of the Note, the entire principal amount of $500,000 together with accrued simple interest of 10% per annum, is due and payable to Bombardier on November 29, 2009.
On December 21, 2008 Bombardier modified the Promissory Note with BMSN. Bombardier agreed to accept $1,000 en lieu of the original $500,00 payment owed by BMSN to Bombardier for the purchase of FESI shares.
The common shares of Freedom Environmental Services, Inc. are publicly traded and are quoted over the Pink Sheets under the symbol FESI.
Based on information which BMSN deems reliable, the FESI shares currently represent less than 3% of the outstanding share capital of Freedom Environmental Services, Inc.
Item
9.01. Financial Statements and Exhibits.
EXHIBIT INDEX |
||
Exhibit Number |
Description |
|
Ex.10.1 | Modified Promissory Note by and Between Bio-Matrix Scientific Group, Inc. and Bombardier Pacific Ventures Inc. dated December 21, 2008. |
SIGNATURE
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.
BIO-MATRIX
SCIENTIFIC GROUP, INC.
By: /s/
David Koos
David
Koos
Chief
Executive Officer
Dated:
December 21, 2008