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) February 12, 2010
BLUE SPHERE CORP.
(Exact name of registrant as specified in its charter)
Nevada 333-147716 98-0550257
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
409 - 4th Floor, Tsui King House, Choi Lung Estate, Kowloon, Hong Kong
(Address of principal executive offices and Zip Code)
Registrant's telephone number, including area code (702) 533-3083
Jin Jie Corp.
(Former name or former address, if changed since last report)
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 Instruction 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 1.02 TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT
Blue Sphere Corp. ("we", "us", "our", "Blue Sphere" or the "Company") entered
into a termination agreement dated February 12, 2010 with Shlomo Palas, Samuel
Keshet, Eliezer Weinberg, Green Biofuels Holdings Ltd. ("GBH"), Cally Ka Lai Lai
and Wei Xiang Zeng. Pursuant to the terms of the termination agreement the
parties agreed to terminate the letter agreement among the parties dated January
13, 2010 (the "Letter Agreement"), regarding, among other things, the transfer
and sale by GBH of all of the interest and rights to the assets and business of
the GBH Carbon Credit Project, including know-how, trademarks, patents,
agreements and all other assets to Blue Sphere. The Letter Agreement was
terminated by mutual consent of the parties and the parties exchanged mutual
releases with respect to any further obligations under the Letter Agreement.
ITEM 5.03 AMENDMENTS TO ARTICLES OF INCORPORATION OR BYLAWS; CHANGE IN FISCAL
YEAR
Effective February 17, 2010, we completed a merger with our subsidiary, Blue
Sphere Corp., a Nevada corporation which was incorporated solely to effect a
change in our name. As a result, we have changed our name from "Jin Jie Corp."
to "Blue Sphere Corp." The name change was adopted in connection with the
Company's decision to change its business focus during the most recently
completed fiscal quarter to that of generating revenue from emission reduction
through sales of carbon credits, sales of material and byproducts for energy
generation, government and other subsidies relating to emission reduction.
In addition, effective February 17, 2010 we effected a 35 for one forward stock
split of our authorized and issued and outstanding common stock. As a result,
our authorized capital has increased from 50,000,000 shares of common stock at
$0.001 par value to 1,750,000,000 shares of common stock at $0.001 par value.
Following the effectiveness of the forward split our issued and outstanding has
increased from 1,900,000 shares of common stock to 66,500,000 shares of common
stock.
ITEM 7.01 REGULATION FD DISCLOSURE
The name change and forward stock split became effective with the
Over-the-Counter Bulletin Board at the opening for trading on February 18, 2010
under the new stock symbol "BLSP". Our new CUSIP number is 09605C 103.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits
3.1* Articles of Merger dated February 11, 2010
3.2* Certificate of Change dated February 11, 2010
10.1* Termination Agreement dated February 12, 2010 among Blue Sphere Corp.,
Shlomo Palas, Samuel Keshet, Eliezer Weinberg, Green Biofuels Holdings
Ltd. ("GBH"), Cally Ka Lai Lai and Wei Xiang Zeng
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* Filed Herewith
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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.
BLUE SPHERE CORP.
Per: /s Cally Ka Lai Lai
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Cally Ka Lai Lai
President
Date: February 19, 2010
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