content: <HTML>
  <HEAD>
  <TITLE></TITLE>
  </HEAD>
  <BODY STYLE="font-size: 10pt">
  
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>UNITED STATES</B></P>
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: center">Washington, D.C. 20549</P>
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;<B></B></P>
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>FORM
  8-K</B></P>
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B></B> <B>CURRENT REPORT</B></P>
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B></B> <B>Pursuant to Section 13 or 15(d) of the</B><BR> <B>Securities Exchange Act of 1934 </B></P>
  
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Date of Report: February 19, 2014</B><BR> (Date of earliest event reported)</P>
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>METROSPACES, INC.</B><BR> (Exact name of registrant as specified in its charter)</P>
  
  
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font-size: 10pt">
  <TR STYLE="vertical-align: top">
      <TD STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: center; width: 40%"><B>Delaware</B><BR>
  (State or other jurisdiction of incorporation) </TD>
      <TD STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: center; width: 25%"><B>333-186559</B><BR>
  (Commission File Number) </TD>
      <TD STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: center; width: 35%"><B>90-0817201</B><BR>
  (IRS Employer Identification Number) </TD></TR>
  </TABLE>
  
  <P STYLE="margin: 0">&nbsp;</P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font-size: 10pt">
  <TR>
      <TD STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: center; width: 40%"><B>888 Brickell Key Dr., Unit 1102</B><BR>
  <B>Miami, FL</B><BR>
  (Address of principal executive offices) </TD>
      <TD STYLE="font: 12pt Times New Roman, Times, Serif; text-align: left; width: 20%">&nbsp;</TD>
      <TD STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: center; width: 40%"><B>33131</B><BR>
  (Zip Code) </TD></TR>
  <TR>
      <TD COLSPAN="3" STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: center"><BR>
  <B>(305) 600-0407</B><BR>
  (Registrant's telephone number, including area code) </TD></TR>
  <TR>
      <TD COLSPAN="3" STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</TD></TR>
  <TR>
      <TD COLSPAN="3">
          <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>
          <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Not Applicable</B><BR>
          (Former Name or Former Address, if changed since last report)</P></TD></TR>
  </TABLE>
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><BR>
  <BR>
  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>
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: justify">[ ] Written communications pursuant to Rule 425 under the
  Securities Act (17 CFR 230.425)</P>
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: justify">[ ] Soliciting material pursuant
  to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: justify">[ ] Pre-commencement
  communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: justify">[ ] Pre-commencement
  communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><B></B></P>
  
  <!-- Field: Page; Sequence: 1 -->
      <DIV STYLE="margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: left; width: 33%">&nbsp;</TD><TD STYLE="text-align: center; width: 34%">&nbsp;</TD><TD STYLE="text-align: right; width: 33%">&nbsp;</TD></TR></TABLE></DIV>
      <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
      <!-- Field: /Page -->
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><B>Item 1.01 Entry into a Material Definitive
  Agreement.</B></P>
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: justify">On February 19, 2014, the Company issued a Convertible
  Promissory Note, dated as of February 19, 2014, in the principal amount of $260,000.00 (the &ldquo;New Note&rdquo;), to
  Richard S. Astrom. The New Note was issued under a Promissory Note Exchange Agreement, dated as of February 19, 2014, between
  the Company and Mr. Astrom (the &ldquo;Exchange Agreement&rdquo;), solely in exchange for a Promissory Note, dated August 13,
  2012, in a like principal amount (the &ldquo;Original Note&rdquo;). The New Note bears interest at the rate of 0.30% per
  annum and is due one year after its date of issuance. The New Note is convertible into shares of the Company&rsquo;s common
  stock, par value $0.000001 per share (&ldquo;Common Stock&rdquo;), at a price per share of 41.5% of the Current Market Price,
  as defined in the Exchange Agreement. The New Note is secured by the pledge of all of the shares of the common stock of Urban
  Spaces, Inc., the Company&rsquo;s wholly owned subsidiary, through which it conducts all of its operations, pursuant to a
  Pledge Agreement, dated as of August 12, 2012, between the Company and Mr. Astrom (the &ldquo;Pledge Agreement&rdquo;), which
  also secured the Original Note. The New Note and the Exchange Agreement contain certain covenants which the Company is
  obliged to observe.</P>
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: justify">The Company agreed with Mr. Astrom to issue the New Note solely
  in exchange for the Original Note because both of them recognized that it was unlikely that the Company could repay the Original
  Note in accordance with its terms. The Original Note had previously been amended on August 12, 2013, to extend its due date to
  April 14, 2014, because the Company was unable to repay the Original Note when it was originally due on August 12, 2013. The Company
  believes that it is unlikely that it will be able to repay the New Note when due. If Mr. Astrom were to declare a default under
  the New Note, as he would be entitled to do in the event that the Company were not to repay the New Note when it becomes due or
  otherwise defaulted under the New Note, he would be able to foreclose upon the shares of Urban Spaces, Inc., pursuant to the Pledge
  Agreement. If these shares were sold in a foreclosure sale, the Company would lose all of its operations and substantially all
  of its assets and become a shell company, which would adversely affect the Company and its stockholders. Accordingly, the Company
  believes that it is in the best interest of the Company and its stockholders to provide Mr. Astrom with an opportunity to convert
  the indebtedness of the Company to him under the New Note into shares of Common Stock, thereby avoiding such default.</P>
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: justify">On February 19, 2014, assignees of Mr.
  Astrom converted $107,640.00 of the principal amount of the New Note into 240,000,000 shares of Common Stock, thereby reducing
  the unpaid principal amount of the New Note to $152,360.00.</P>
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: justify">The foregoing is a summary only and does
  not purport to be a complete description of all of the terms, provisions, covenants, and agreements contained in the New Note and
  the Exchange Agreement, and is subject to and qualified in its entirety by reference to the full texts thereof, which are filed
  as Exhibits 10.14 and 10.15, respectively, to this Current Report on Form 8-K and are incorporated by reference into this Item
  1.01.</P>
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><B>Item 1.02 Termination of a Material Definitive
  Agreement.</B></P>
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: justify">The disclosure provided in Item 1.01 of
  this Current Report on Form 8-K is  incorporated by reference into this Item 1.02.</P>
  
  
  
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><B>Item 9.01. Financial Statements and Exhibits</B> <B></B></P>
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 20pt">&nbsp;</P>
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 20pt"><B>(a) Financial statements:</B></P>
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 40pt">&nbsp;</P>
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 40pt">None</P>
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 40pt">&nbsp;</P>
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 20pt"><B>(b) Pro forma financial information:</B></P>
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 40pt">&nbsp;</P>
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 40pt">None</P>
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 40pt">&nbsp;</P>
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 20pt"><B>(c) Shell company transactions:</B></P>
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 40pt">&nbsp;</P>
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 40pt">None</P>
  
  <!-- Field: Page; Sequence: 2 -->
      <DIV STYLE="margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: left; width: 33%">&nbsp;</TD><TD STYLE="text-align: center; width: 34%">&nbsp;</TD><TD STYLE="text-align: right; width: 33%">&nbsp;</TD></TR></TABLE></DIV>
      <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
      <!-- Field: /Page -->
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: justify"></P>
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 20pt"><B>(d) Exhibits</B></P>
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 20pt">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 55pt; text-align: right">10.14</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Promissory Note Exchange Agreement, dated as of February 19, 2014, by and between
  the Company and Richard S. Astrom.</TD>
  </TR></TABLE>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 55pt; text-align: right">10.15</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Convertible Promissory Note, dated as of February 19, 2014, made by the Company in
  favor of Richard S. Astrom.</TD>
  </TR></TABLE>
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><B>&nbsp;</B></P>
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>SIGNATURE</B></P>
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: justify">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.</P>
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font-size: 10pt; width: 100%">
  <TR STYLE="vertical-align: top; text-align: left">
      <TD></TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD COLSPAN="2" STYLE="font-weight: bold">METROSPACES, INC.</TD></TR>
  <TR STYLE="vertical-align: top; text-align: left">
      <TD STYLE="width: 20%">&nbsp;</TD>
      <TD STYLE="width: 20%">&nbsp;</TD>
      <TD STYLE="width: 20%">&nbsp;</TD>
      <TD STYLE="width: 5%">&nbsp;</TD>
      <TD STYLE="width: 35%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; text-align: left">
      <TD STYLE="padding-bottom: 1pt">Dated:</TD>
      <TD STYLE="padding-bottom: 1pt">March 14, 2014</TD>
      <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="padding-bottom: 1pt">By:</TD>
      <TD STYLE="border-bottom: Black 1pt solid">/s/ Oscar Brito</TD></TR>
  <TR STYLE="vertical-align: top; text-align: left">
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD>Oscar Brito</TD></TR>
  <TR STYLE="vertical-align: top; text-align: left">
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD>President</TD></TR>
  </TABLE>
  
  <P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: justify"></P>
  
  
  <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>
  
  <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>
  
  <TABLE CELLPADDING="0" STYLE="width: 100%; font-size: 10pt">
  <TR STYLE="text-align: center; vertical-align: bottom">
      <TD COLSPAN="3" STYLE="margin-top: 0pt; margin-bottom: 0pt"><B>Exhibit Index</B></TD></TR>
  <TR>
      <TD COLSPAN="3" STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="text-align: center; vertical-align: bottom">
      <TD STYLE="margin-top: 0pt; margin-bottom: 0pt; width: 13%; border-bottom: Black 1pt solid"><B>Exhibit No.</B></TD>
      <TD STYLE="margin-top: 0pt; margin-bottom: 0pt; width: 13%; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="margin-top: 0pt; margin-bottom: 0pt; width: 74%; border-bottom: Black 1pt solid"><B>Description</B></TD></TR>
  <TR>
      <TD STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: justify">10.14</TD>
      <TD STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</TD>
      <TD STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><A HREF="mspc8kex1014.htm">Promissory Note Exchange Agreement, dated as of February 19, 2014, by and between the Company and Richard S. Astrom.</A></TD></TR>
  <TR>
      <TD STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: justify">10.15</TD>
      <TD STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</TD>
      <TD STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><A HREF="mspc8k3x1015.htm">Convertible Promissory Note, dated as of February 19, 2014, made by the Company in favor of Richard S. Astrom.</A></TD></TR>
  </TABLE>
  <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>
  
  <!-- Field: Page; Sequence: 3; Options: Last -->
      <DIV STYLE="margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: left; width: 33%">&nbsp;</TD><TD STYLE="text-align: center; width: 34%">&nbsp;</TD><TD STYLE="text-align: right; width: 33%">&nbsp;</TD></TR></TABLE></DIV>
      <!-- Field: /Page -->
  
  <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify"></P>
  
  
  </BODY>
  </HTML>
metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "mspc8k031414.htm", "secsgml_size_bytes": 17145}]
metadata_filer: {"company-data": {"conformed-name": "METROSPACES, INC.", "cik": "0001488501", "assigned-sic": "2835", "irs-number": "000000000", "state-of-incorporation": "FL", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-36220", "film-number": "14693718"}, "business-address": {"street1": "888 BRICKELL KEY DR.", "street2": "UNIT 1102", "city": "MIAMI", "state": "FL", "zip": "33131", "phone": "3056000407"}, "mail-address": {"street1": "888 BRICKELL KEY DR.", "street2": "UNIT 1102", "city": "MIAMI", "state": "FL", "zip": "33131"}, "former-company": {"former-conformed-name": "Strata Capital Corp", "date-changed": "20100402"}}
text: 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: February 19, 2014
  (Date of earliest event reported)
  METROSPACES, INC.
  (Exact name of registrant as specified in its charter)
  Delaware
  (State or other jurisdiction of incorporation)
  333-186559
  (Commission File Number)
  90-0817201
  (IRS Employer Identification Number)
  888 Brickell Key Dr., Unit 1102
  Miami, FL
  (Address of principal executive offices)
  33131
  (Zip Code)
  (305) 600-0407
  (Registrant's telephone number, including area code)
  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:
  [ ] 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 February 19, 2014, the Company issued a Convertible
  Promissory Note, dated as of February 19, 2014, in the principal amount of $260,000.00 (the "New Note"), to
  Richard S. Astrom. The New Note was issued under a Promissory Note Exchange Agreement, dated as of February 19, 2014, between
  the Company and Mr. Astrom (the "Exchange Agreement"), solely in exchange for a Promissory Note, dated August 13,
  2012, in a like principal amount (the "Original Note"). The New Note bears interest at the rate of 0.30% per
  annum and is due one year after its date of issuance. The New Note is convertible into shares of the Company's common
  stock, par value $0.000001 per share ("Common Stock"), at a price per share of 41.5% of the Current Market Price,
  as defined in the Exchange Agreement. The New Note is secured by the pledge of all of the shares of the common stock of Urban
  Spaces, Inc., the Company's wholly owned subsidiary, through which it conducts all of its operations, pursuant to a
  Pledge Agreement, dated as of August 12, 2012, between the Company and Mr. Astrom (the "Pledge Agreement"), which
  also secured the Original Note. The New Note and the Exchange Agreement contain certain covenants which the Company is
  obliged to observe.
  The Company agreed with Mr. Astrom to issue the New Note solely
  in exchange for the Original Note because both of them recognized that it was unlikely that the Company could repay the Original
  Note in accordance with its terms. The Original Note had previously been amended on August 12, 2013, to extend its due date to
  April 14, 2014, because the Company was unable to repay the Original Note when it was originally due on August 12, 2013. The Company
  believes that it is unlikely that it will be able to repay the New Note when due. If Mr. Astrom were to declare a default under
  the New Note, as he would be entitled to do in the event that the Company were not to repay the New Note when it becomes due or
  otherwise defaulted under the New Note, he would be able to foreclose upon the shares of Urban Spaces, Inc., pursuant to the Pledge
  Agreement. If these shares were sold in a foreclosure sale, the Company would lose all of its operations and substantially all
  of its assets and become a shell company, which would adversely affect the Company and its stockholders. Accordingly, the Company
  believes that it is in the best interest of the Company and its stockholders to provide Mr. Astrom with an opportunity to convert
  the indebtedness of the Company to him under the New Note into shares of Common Stock, thereby avoiding such default.
  On February 19, 2014, assignees of Mr.
  Astrom converted $107,640.00 of the principal amount of the New Note into 240,000,000 shares of Common Stock, thereby reducing
  the unpaid principal amount of the New Note to $152,360.00.
  The foregoing is a summary only and does
  not purport to be a complete description of all of the terms, provisions, covenants, and agreements contained in the New Note and
  the Exchange Agreement, and is subject to and qualified in its entirety by reference to the full texts thereof, which are filed
  as Exhibits 10.14 and 10.15, respectively, to this Current Report on Form 8-K and are incorporated by reference into this Item
  1.01.
  Item 1.02 Termination of a Material Definitive
  Agreement.
  The disclosure provided in Item 1.01 of
  this Current Report on Form 8-K is  incorporated by reference into this Item 1.02.
  Item 9.01. Financial Statements and Exhibits
  (a) Financial statements:
  None
  (b) Pro forma financial information:
  None
  (c) Shell company transactions:
  None
  (d) Exhibits
  10.14
  Promissory Note Exchange Agreement, dated as of February 19, 2014, by and between
  the Company and Richard S. Astrom.
  10.15
  Convertible Promissory Note, dated as of February 19, 2014, made by the Company in
  favor of Richard S. Astrom.
  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.
  METROSPACES, INC.
  Dated:
  March 14, 2014
  By:
  /s/ Oscar Brito
  Oscar Brito
  President
  Exhibit Index
  Exhibit No.
  Description
  10.14
  Promissory Note Exchange Agreement, dated as of February 19, 2014, by and between the Company and Richard S. Astrom.
  10.15
  Convertible Promissory Note, dated as of February 19, 2014, made by the Company in favor of Richard S. Astrom.