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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of Report (Date of earliest event reported):
March 3, 2012 (March 1, 2012)</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>Bluesphere Corporation</U></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact name of Registrant as specified in
its Charter)</P>

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    <TD STYLE="width: 33%; font-size: 10pt; text-align: center">&nbsp; <U>Nevada</U></TD>
    <TD STYLE="width: 34%; font-size: 10pt; text-align: center">&nbsp;<U>&nbsp;333-147716</U></TD>
    <TD STYLE="width: 33%; font-size: 10pt; text-align: center">&nbsp;<U>&nbsp;98-0550257</U></TD></TR>
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    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp; (State or Other Jurisdiction&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">of Incorporation or Organization)</P></TD>
    <TD STYLE="vertical-align: top; font-size: 10pt; text-align: center">&nbsp; (Commission File Number)</TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp; (I.R.S. Employer Identification&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">No.)</P></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>35 Asuta St., P.O.B 857, Even Yehuda,
Israel 40500 </U></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Address of Principal Executive Offices)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Zip Code)</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Registrant's telephone number, including
area code: <B><U>972-9-8917438</U></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>Not Applicable</U></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">(Former Name
or Former Address, if Changed since Last Report)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">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):</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&#168;</FONT>&nbsp;Written communications pursuant to Rule
425 under the Securities Act (17 CFR 230.425)</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&#168;</FONT>&nbsp;Soliciting material pursuant to Rule 14a-12
under the Exchange Act (17 CFR 240.14a-12)</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&#168;</FONT>&nbsp;Pre-commencement communications pursuant
to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&#168;</FONT>&nbsp;Pre-commencement communications pursuant
to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 1.01 Entry into a Material Agreement</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On July 1, 2012, Registrant entered into
and signed an investment agreement with Fidelity Venture Capital Limited, an Israeli company (&ldquo;Fidelity&rdquo;), pursuant
to which Fidelity has committed to arrange the investment of up to USD 1,000,000 in notes convertible into shares of common stock
or more senior equity securities of Registrant (if any) for a period of three and one half years at prices ranging from USD 0.02
cents to USD 0.10 cents per share or a discount of 20% of the then market price of Registrant&rsquo;s shares depending on when
any such conversion is consummated. The notes will bear annual interest of 6.5% to be paid semi-annually in arrears. Registrant
has committed to pay off the outstanding principal of the notes by paying to Fidelity 7% of gross income and making certain pre-payments
of the principal during the term of the notes. Fidelity is to receive shares of common stock of Registrant worth USD 0.70 cents
for each dollar it invested in the Notes (the &ldquo;Incentive Shares&rdquo;). Registrant has pledged the income from its projects
to Fidelity as security to pay the notes in full.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 3.02 Unregistered Sales of Equity Securities.</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: black">On July 1, 2012,
Registrant agreed to issue and transfer to Fidelity approximately 46,000,000 shares of its common stock in order to discharge its
obligation to deliver to Fidelity the Incentive Shares described above. The Incentive Shares constitute a 20% ownership stake in
Registrant</FONT>. Registrant will deliver such shares to Fidelity against receipt of cash.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereto duly authorized.</P>

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<TR>
    <TD STYLE="width: 45%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 5%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 30%"><FONT STYLE="font-size: 10pt"><B>Bluesphere Corporation&nbsp;</B></FONT></TD>
    <TD STYLE="width: 20%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD><FONT STYLE="font-size: 10pt">Dated:&nbsp;&nbsp;July 5, 2012&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">by:&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Shlomo Palas</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Shlomo Palas CEO&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
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[{"type": "8-K", "sequence": "1", "filename": "v317796_8k.htm", "description": "FORM 8-K", "secsgml_size_bytes": 12155}]
{"company-data": {"conformed-name": "BLUE SPHERE CORP.", "cik": "0001419582", "assigned-sic": "7370", "irs-number": "980550257", "state-of-incorporation": "NV", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-147716", "film-number": "12947037"}, "business-address": {"street1": "35 ASUTA STREET, PO BOX 857", "city": "EVEN YEHUDA", "state": "L3", "zip": "40500", "phone": "972-9-8917438"}, "mail-address": {"street1": "35 ASUTA STREET, PO BOX 857", "city": "EVEN YEHUDA", "state": "L3", "zip": "40500"}, "former-company": [{"former-conformed-name": "Blue Sphere Corp", "date-changed": "20100219"}, {"former-conformed-name": "Jin Jie Corp.", "date-changed": "20071128"}]}
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):
March 3, 2012 (March 1, 2012)
Bluesphere Corporation
(Exact name of Registrant as specified in
its Charter)
Nevada
333-147716
98-0550257
(State or Other Jurisdiction
of Incorporation or Organization)
(Commission File Number)
(I.R.S. Employer Identification
No.)
35 Asuta St., P.O.B 857, Even Yehuda,
Israel 40500
(Address of Principal Executive Offices)      
     (Zip Code)
Registrant's telephone number, including
area code:
972-9-8917438
Not Applicable
(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 1.01 Entry into a Material Agreement
On July 1, 2012, Registrant entered into
and signed an investment agreement with Fidelity Venture Capital Limited, an Israeli company ("Fidelity"), pursuant
to which Fidelity has committed to arrange the investment of up to USD 1,000,000 in notes convertible into shares of common stock
or more senior equity securities of Registrant (if any) for a period of three and one half years at prices ranging from USD 0.02
cents to USD 0.10 cents per share or a discount of 20% of the then market price of Registrant's shares depending on when
any such conversion is consummated. The notes will bear annual interest of 6.5% to be paid semi-annually in arrears. Registrant
has committed to pay off the outstanding principal of the notes by paying to Fidelity 7% of gross income and making certain pre-payments
of the principal during the term of the notes. Fidelity is to receive shares of common stock of Registrant worth USD 0.70 cents
for each dollar it invested in the Notes (the "Incentive Shares"). Registrant has pledged the income from its projects
to Fidelity as security to pay the notes in full.
Item 3.02 Unregistered Sales of Equity Securities.
On July 1, 2012,
Registrant agreed to issue and transfer to Fidelity approximately 46,000,000 shares of its common stock in order to discharge its
obligation to deliver to Fidelity the Incentive Shares described above. The Incentive Shares constitute a 20% ownership stake in
Registrant
. Registrant will deliver such shares to Fidelity against receipt of cash.
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereto duly authorized.
Bluesphere Corporation
Dated:  July 5, 2012
by:
/s/ Shlomo Palas
Shlomo Palas CEO