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<TITLE>Filed by Bowne Pure Compliance</TITLE>
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<P align="center" style="font-size: 14pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
<FONT style="font-size: 12pt">Washington, D.C. 20549
</FONT></B>

<P align="center" style="font-size: 18pt"><B>FORM 8-K</B>

<P align="center" style="font-size: 12pt"><B>CURRENT REPORT<BR>
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</B>

<P align="center" style="font-size: 10pt"><B>Date of Report (Date of earliest event reported): February 13, 2009 (February 11, 2009)</B>

<P align="center">

<P align="center" style="font-size: 24pt"><B>TRI-ISTHMUS GROUP, INC.</B><br>
<FONT style="font-size: 10pt">(Exact name of registrant as specified in its charter)
</FONT>

<TABLE border="0" width="100%" cellspacing="0" cellpadding="0" style="font-size: 10pt; text-align: center">
<TR>
    <TD width="32%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="33%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="32%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD style="border-bottom: 1px solid #000000"><B>Delaware</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>000-30326</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>77-0557617</B></TD>
</TR>
<TR valign="top">
    <TD>(State or other Jurisdiction of Incorporation)</TD>
    <TD>&nbsp;</TD>
    <TD>(Commission File Number)</TD>
    <TD>&nbsp;</TD>
    <TD>(IRS Employer Identification No.)</TD>
</TR>
</TABLE>

<TABLE border="0" width="100%" cellspacing="0" cellpadding="0" style="font-size: 10pt; text-align: center">
<TR>
    <TD width="49%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="49%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD style="border-bottom: 1px solid #000000"><B>9663 Santa Monica Boulevard, #959<BR>Beverly Hills, California<BR></B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>90210-4303</B></TD>
</TR>
<TR valign="top">
    <TD>(Address of Principal Executive Offices)</TD>
    <TD>&nbsp;</TD>
    <TD>(Zip Code)</TD>
</TR>
</TABLE>

<P align="center" style="font-size: 10pt">Registrant&#146;s telephone number, including area code: <B>(310) 860-2501</B>


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    <TD width="100%">&nbsp;</TD>
</TR>
<TR>
    <TD nowrap style="border-bottom: 1px solid #000000"><B>&nbsp;</B></TD>
</TR>
<TR>
    <TD nowrap>(Former name or former address if changed since last report.)</TD>
</TR>
</TABLE>

<P align="left" style="font-size: 10pt">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:

<P align="left" style="font-size: 10pt">
<FONT face="Wingdings">&#111;</FONT> Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>


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<P align="justify" style="font-size: 10pt"><B>Item&nbsp;2.03: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a
Registrant.</B>


<P align="justify" style="font-size: 10pt; text-indent: 4%">On February&nbsp;11, 2009, Tri-Isthmus Group, Inc. (&#147;<U>Registrant</U>&#148;) closed a transaction in which the Registrant
entered into the following two promissory notes, each dated as of February&nbsp;6, 2009: (i)&nbsp;a convertible promissory note
with SMP Investments, LLC, a Michigan limited liability company (&#147;<U>SMP</U>&#148;), in the principal amount of $500,000.00
(the &#147;<U>SMP Note</U>&#148;), a form of which is attached hereto as Exhibit&nbsp;10.1; and (ii)&nbsp;a convertible promissory note
with Anthony J. Ciabattoni, Trustee of the Ciabattoni Living Trust, dated August&nbsp;17, 2000 (&#147;<U>Ciabattoni</U>&#148;), in
the principal amount of $1,000,000.00 (the &#147;<U>Ciabattoni Note</U>&#148;) (collectively, the &#147;<U>Notes</U>&#148;), a form of
which is attached hereto as Exhibit&nbsp;10.2. SMP and Ciabattoni are each a &#147;<U>Holder</U>&#148; and are collectively referred
to herein as the &#147;<U>Holders</U>.&#148;


<P align="justify" style="font-size: 10pt; text-indent: 4%">Each Note becomes due and payable on November&nbsp;6, 2009 (the &#147;<U>Maturity Date</U>&#148;); provided however, that the
term of each of the Notes may be extended for an additional three months at the Registrant&#146;s discretion. In the event
the Registrant exercises this option, it will be required to issue warrants to the Holders to purchase shares of the
Registrant&#146;s common stock, par value $0.01 per share (the &#147;<U>Common Stock</U>&#148;), as follows: (i)&nbsp;SMP &#151; 125,000
shares at a price of $0.50 per share, and 83,333 shares at a price of $0.75 per share; (ii)&nbsp;Ciabattoni &#151; 250,000 shares
at a price of $0.50 per share, and 166,667 shares at a price of $0.75 per share. Forms of the extension warrants are
attached as Exhibits A and B to the SMP Note and Ciabattoni Note. On the Maturity Date, Registrant will pay the unpaid
principal of each Note, together with accrued and unpaid interest of 16% per annum.


<P align="justify" style="font-size: 10pt; text-indent: 4%">The Notes include a conversion feature allowing each Holder to convert all or any portion of the entire unpaid
principal and any unpaid accrued interest at the date upon which the conversion is to be effected into a number of
shares of Common Stock, determined by dividing the sum of the unpaid principal and unpaid accrued interest at the
conversion date by the conversion price in effect at the conversion date. The initial conversion price is $0.625, which
price is adjustable as set forth in the Notes.


<P align="justify" style="font-size: 10pt; text-indent: 4%">The Notes include a provision granting the Holders, to the extent the Holders holding notes representing a
majority of the aggregate outstanding principal amount of the Notes agree, demand registration rights with respect to
the resale of the shares issuable upon conversion of the Notes, which rights vest thirty six (36)&nbsp;months after the date
of issuance of the Notes.


<P align="justify" style="font-size: 10pt; text-indent: 4%">The foregoing descriptions of the SMP Note and the Ciabattoni Note do not purport to be complete and are qualified
in their entirety by reference to the full texts of such agreements, forms of which are filed as Exhibits 10.1 and 10.2
to this Current Report on Form 8-K and are incorporated herein by reference thereto.


<P align="justify" style="font-size: 10pt"><B>Item&nbsp;3.02: Unregistered Sales of Equity Securities.</B>


<P align="justify" style="font-size: 10pt; text-indent: 4%">On
February&nbsp;11, 2009, in connection with the issuance of the Notes discussed above, the Registrant issued four
warrants to the Holders as follows: (i)&nbsp;Warrant No.&nbsp;108, a form of which is attached hereto as Exhibit&nbsp;10.3, issued to
SMP for the purchase of up to 375,000 shares of Common Stock at an initial exercise price of $0.50 per share and
exercisable for a period of three years from the date of issuance
(&#147;<U>Warrant 108</U>&#148;); (ii)&nbsp;Warrant No.&nbsp;109, a form
of which is attached hereto as Exhibit&nbsp;10.4, issued to SMP for the purchase of up to 250,000 shares of Common Stock at
an initial exercise price of $0.75 per share and exercisable for a period of three years from the date of issuance
(&#147;<U>Warrant 109</U>,&#148; and together with Warrant 108, the &#147;<U>SMP Warrants</U>&#148;); (iii)&nbsp;Warrant No.&nbsp;110, a form of
which is attached hereto as Exhibit&nbsp;10.5, issued to Ciabattoni for the purchase of up to 750,000 shares of Common Stock
at an initial exercise price of $0.50 per share and exercisable for a period of three years from the date of issuance
(&#147;<U>Warrant 110</U>&#148;); and (iv)&nbsp;Warrant No.&nbsp;111, a form of which is attached hereto as Exhibit&nbsp;10.6, issued to
Ciabattoni for the purchase of up to 500,000 shares of Common Stock at an initial exercise price of $0.75 per share and
exercisable for a period of three years from the date of issuance (&#147;<U>Warrant 111</U>,&#148; and together with Warrant
110, the &#147;<U>Ciabattoni Warrants</U>&#148;).


<P align="justify" style="font-size: 10pt; text-indent: 4%">The SMP Warrants and Ciabattoni Warrants are exempt from registration pursuant to Rule&nbsp;506 of Regulation&nbsp;D
promulgated under the Securities Exchange Act of 1933, as amended,
(the &#147;<U>1933 Act</U>&#148;) because the offering satisfies the
terms and conditions of Rules&nbsp;501 and 502 of Regulation&nbsp;D
promulgated under the 1933 Act, there are no more than 35 purchasers of securities under this offering, and each Holder
is an &#147;accredited investor&#148; as that term is defined in
Rule&nbsp;501(a) of Regulation&nbsp;D promulgated under the 1933 Act.

<P align="center" style="font-size: 10pt; text-indent: 4%">&nbsp;

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<P align="justify" style="font-size: 10pt"><B>Item&nbsp;9.01 Financial Statements and Exhibits.</B>




<P align="justify" style="font-size: 10pt">(a)&nbsp;Not applicable.

<P align="justify" style="font-size: 10pt">(b)&nbsp;Not applicable.

<P align="justify" style="font-size: 10pt">(c)&nbsp;Not applicable.

<P align="justify" style="font-size: 10pt">(d)&nbsp;Exhibits

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="87%">&nbsp;</TD>
</TR>

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<TR valign="bottom">
    <TD nowrap valign="top" style="border-bottom: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">Exhibit No.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-bottom: 1px solid #000000">Description</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Convertible Promissory Note Issued in Favor of SMP Investments I, LLC</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Convertible Promissory Note Issued in Favor of Anthony J.
Ciabattoni, Trustee of the Ciabattoni Living Trust dated August&nbsp;17, 2000</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Warrant No.&nbsp;108</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Warrant No.&nbsp;109</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.5
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Warrant No.&nbsp;110</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.6
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Warrant No.&nbsp;111</TD>
</TR>
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<P align="center" style="font-size: 10pt"><B>Exhibit&nbsp;Index</B>





<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="87%">&nbsp;</TD>
</TR>

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<TR valign="bottom">
   <TD nowrap valign="top" style="border-bottom: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">Exhibit No.</DIV></TD>
   <TD>&nbsp;</TD>
   <TD align="left" valign="top" style="border-bottom: 1px solid #000000">Description</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Convertible Promissory Note Issued in Favor of SMP Investments I, LLC</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Convertible Promissory Note Issued in Favor of Anthony J.
Ciabattoni, Trustee of the Ciabattoni Living Trust dated August&nbsp;17, 2000</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Warrant No.&nbsp;108</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Warrant No.&nbsp;109</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.5
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Warrant No.&nbsp;110</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.6
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Warrant No.&nbsp;111</TD>
</TR>
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</TABLE>
</DIV>


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<P align="center" style="font-size: 10pt"><B>SIGNATURES</B>



<P align="justify" style="font-size: 10pt; text-indent: 4%">Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused
this report to be signed on its behalf by the undersigned hereunto duly authorized.


<P align="justify" style="font-size: 10pt; margin-left: 48%">TRI-ISTHMUS, INC.


<P align="justify" style="font-size: 10pt">Date: <U>February&nbsp;13, 2009</U>


<P align="justify" style="font-size: 10pt; margin-left: 48%; margin-top: -11pt">By: <U><B>/</B>s/ David
Hirschorn&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>
<BR>
DAVID HIRSCHHORN,
<BR>
Chief Executive Officer


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Filed by Bowne Pure Compliance
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 13, 2009 (February 11, 2009)
TRI-ISTHMUS GROUP, INC.
(Exact name of registrant as specified in its charter)
Delaware
000-30326
77-0557617
(State or other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
9663 Santa Monica Boulevard, #959
Beverly Hills, California
90210-4303
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number, including area code:
(310) 860-2501
(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:
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))
Item 2.03: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a
Registrant.
On February 11, 2009, Tri-Isthmus Group, Inc. ("
Registrant
") closed a transaction in which the Registrant
entered into the following two promissory notes, each dated as of February 6, 2009: (i) a convertible promissory note
with SMP Investments, LLC, a Michigan limited liability company ("
SMP
"), in the principal amount of $500,000.00
(the "
SMP Note
"), a form of which is attached hereto as Exhibit 10.1; and (ii) a convertible promissory note
with Anthony J. Ciabattoni, Trustee of the Ciabattoni Living Trust, dated August 17, 2000 ("
Ciabattoni
"), in
the principal amount of $1,000,000.00 (the "
Ciabattoni Note
") (collectively, the "
Notes
"), a form of
which is attached hereto as Exhibit 10.2. SMP and Ciabattoni are each a "
Holder
" and are collectively referred
to herein as the "
Holders
."
Each Note becomes due and payable on November 6, 2009 (the "
Maturity Date
"); provided however, that the
term of each of the Notes may be extended for an additional three months at the Registrant's discretion. In the event
the Registrant exercises this option, it will be required to issue warrants to the Holders to purchase shares of the
Registrant's common stock, par value $0.01 per share (the "
Common Stock
"), as follows: (i) SMP — 125,000
shares at a price of $0.50 per share, and 83,333 shares at a price of $0.75 per share; (ii) Ciabattoni — 250,000 shares
at a price of $0.50 per share, and 166,667 shares at a price of $0.75 per share. Forms of the extension warrants are
attached as Exhibits A and B to the SMP Note and Ciabattoni Note. On the Maturity Date, Registrant will pay the unpaid
principal of each Note, together with accrued and unpaid interest of 16% per annum.
The Notes include a conversion feature allowing each Holder to convert all or any portion of the entire unpaid
principal and any unpaid accrued interest at the date upon which the conversion is to be effected into a number of
shares of Common Stock, determined by dividing the sum of the unpaid principal and unpaid accrued interest at the
conversion date by the conversion price in effect at the conversion date. The initial conversion price is $0.625, which
price is adjustable as set forth in the Notes.
The Notes include a provision granting the Holders, to the extent the Holders holding notes representing a
majority of the aggregate outstanding principal amount of the Notes agree, demand registration rights with respect to
the resale of the shares issuable upon conversion of the Notes, which rights vest thirty six (36) months after the date
of issuance of the Notes.
The foregoing descriptions of the SMP Note and the Ciabattoni Note do not purport to be complete and are qualified
in their entirety by reference to the full texts of such agreements, forms of which are filed as Exhibits 10.1 and 10.2
to this Current Report on Form 8-K and are incorporated herein by reference thereto.
Item 3.02: Unregistered Sales of Equity Securities.
On
February 11, 2009, in connection with the issuance of the Notes discussed above, the Registrant issued four
warrants to the Holders as follows: (i) Warrant No. 108, a form of which is attached hereto as Exhibit 10.3, issued to
SMP for the purchase of up to 375,000 shares of Common Stock at an initial exercise price of $0.50 per share and
exercisable for a period of three years from the date of issuance
("
Warrant 108
"); (ii) Warrant No. 109, a form
of which is attached hereto as Exhibit 10.4, issued to SMP for the purchase of up to 250,000 shares of Common Stock at
an initial exercise price of $0.75 per share and exercisable for a period of three years from the date of issuance
("
Warrant 109
," and together with Warrant 108, the "
SMP Warrants
"); (iii) Warrant No. 110, a form of
which is attached hereto as Exhibit 10.5, issued to Ciabattoni for the purchase of up to 750,000 shares of Common Stock
at an initial exercise price of $0.50 per share and exercisable for a period of three years from the date of issuance
("
Warrant 110
"); and (iv) Warrant No. 111, a form of which is attached hereto as Exhibit 10.6, issued to
Ciabattoni for the purchase of up to 500,000 shares of Common Stock at an initial exercise price of $0.75 per share and
exercisable for a period of three years from the date of issuance ("
Warrant 111
," and together with Warrant
110, the "
Ciabattoni Warrants
").
The SMP Warrants and Ciabattoni Warrants are exempt from registration pursuant to Rule 506 of Regulation D
promulgated under the Securities Exchange Act of 1933, as amended,
(the "
1933 Act
") because the offering satisfies the
terms and conditions of Rules 501 and 502 of Regulation D
promulgated under the 1933 Act, there are no more than 35 purchasers of securities under this offering, and each Holder
is an "accredited investor" as that term is defined in
Rule 501(a) of Regulation D promulgated under the 1933 Act.
Item 9.01 Financial Statements and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Not applicable.
(d) Exhibits
Exhibit No.
Description
10.1
Form of Convertible Promissory Note Issued in Favor of SMP Investments I, LLC
10.2
Form of Convertible Promissory Note Issued in Favor of Anthony J.
Ciabattoni, Trustee of the Ciabattoni Living Trust dated August 17, 2000
10.3
Form of Warrant No. 108
10.4
Form of Warrant No. 109
10.5
Form of Warrant No. 110
10.6
Form of Warrant No. 111
Exhibit Index
Exhibit No.
Description
10.1
Form of Convertible Promissory Note Issued in Favor of SMP Investments I, LLC
10.2
Form of Convertible Promissory Note Issued in Favor of Anthony J.
Ciabattoni, Trustee of the Ciabattoni Living Trust dated August 17, 2000
10.3
Form of Warrant No. 108
10.4
Form of Warrant No. 109
10.5
Form of Warrant No. 110
10.6
Form of Warrant No. 111
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused
this report to be signed on its behalf by the undersigned hereunto duly authorized.
TRI-ISTHMUS, INC.
Date:
February 13, 2009
By:
/
s/ David
Hirschorn
DAVID HIRSCHHORN,
Chief Executive Officer