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      <div style="MARGIN: 12pt 0in; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">SECURITIES AND EXCHANGE
COMMISSION</font><br><font style="DISPLAY: inline; FONT-WEIGHT: bold">Washington</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">, D.C. 20549</font></div>
      <div style="MARGIN: 12pt 0in; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">FORM&#160;8-K</font></div>
      <div>&#160;</div>
      <div style="MARGIN: 12pt 0in; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="3">CURRENT
REPORT</font></font></div>
      <div>&#160;</div>
      <div style="MARGIN: 12pt 0in; TEXT-ALIGN: center" align="center"><font size="3"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Pursuant to
Section&#160;13 or 15(d)&#160;of the<br>Securities Exchange Act of
1934</font></font></div>
      <div>&#160;</div>
      <div style="MARGIN: 12pt 0in; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">March 18, 2008</font><br>&#160;Date
of Report (date of earliest event reported):</div>
      <div>&#160;</div>
      <div style="MARGIN: 12pt 0in; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">GEOBIO ENERGY,
INC.</font><br>&#160;(Exact name of registrant as specified in its
charter)</div>
      <div>&#160;</div>
      <table border="0" cellpadding="0" cellspacing="0" width="100%" style="WIDTH: 100%; BORDER-COLLAPSE: collapse; mso-padding-alt: 0in 0in 0in 0in">
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              <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Colorado</font></div>
              <div>&#160;</div>
            </td>
            <td valign="top" width="33%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0.7pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 33.34%; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">333-67174</font></div>
              <div>&#160;</div>
            </td>
            <td valign="top" width="33%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0.7pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 33.34%; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">84-1153946</font></div>
              <div>&#160;</div>
            </td>
          </tr>
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              <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center">(State
      or other jurisdiction<br>of incorporation)</div>
              <div>&#160;</div>
            </td>
            <td valign="top" width="33%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0.7pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 33.34%; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center">(Commission File Number)</div>
              <div>&#160;</div>
            </td>
            <td valign="top" width="33%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0.7pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 33.34%; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center">(IRS
      Employer<br>I.D. Number)</div>
              <div>&#160;</div>
            </td>
          </tr>
      </table>
      <div style="MARGIN: 0in 0in 12pt">&#160;</div>
      <div>&#160;</div>
      <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">601 Union Street, Suite
4500</font></div>
      <div>&#160;</div>
      <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Seattle, WA 98121</font></div>
      <div>&#160;</div>
      <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center">&#160;(Address
of principal executive offices)</div>
      <div>&#160;</div>
      <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center">&#160;</div>
      <div>&#160;</div>
      <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align="center">Registrant&#8217;s
telephone number, including area code: (<font style="DISPLAY: inline; FONT-WEIGHT: bold">206) 838-9715</font></div>
      <div>&#160;</div>
      <div style="MARGIN: 12pt 0in">&#160;</div>
      <div>&#160;</div>
      <div style="MARGIN: 12pt 0in">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
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:</div>
      <div>&#160;</div>
      <div style="MARGIN: 0.05pt 0in 12pt">o&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)</div>
      <div>&#160;</div>
      <div style="MARGIN: 12pt 0in">o&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)</div>
      <div>&#160;</div>
      <div style="MARGIN: 12pt 0in">o&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))</div>
      <div>&#160;</div>
      <div style="MARGIN: 12pt 0in">o&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))</div>
      <div>&#160;</div>
      <div style="MARGIN: 12pt 0in">&#160;</div>
      <div>&#160;</div>
      <div style="MARGIN: 12pt 0in">&#160;</div>
      <div>&#160;</div>
      <div style="MARGIN: 12pt 0in">&#160;</div>
      <div>&#160;</div>
      <div style="MARGIN: 12pt 0in">&#160;</div>
      <div>&#160;</div>
      <div style="MARGIN: 0in 0in 0pt; mso-pagination: none; tab-stops: 500.1pt; mso-layout-grid-align: none">&#160;</div>
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      <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center; mso-pagination: none; mso-layout-grid-align: none" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold">FORM
8-K</font></div>
      <div>&#160;</div>
      <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 40pt; mso-pagination: none; tab-stops: 500.1pt; mso-layout-grid-align: none">&#160;</div>
      <div style="MARGIN: 0in 0in 0pt; mso-pagination: none; mso-layout-grid-align: none"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Section 1 - Registrant&#8217;s Business and
Operations</font></div>
      <div>&#160;</div>
      <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in; mso-pagination: none; mso-layout-grid-align: none">Item
1.01 Entry into a Material Definitive Agreement.</div>
      <div>&#160;</div>
      <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; tab-stops: .5in 1.0in">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
On March 18, 2008, the board of directors of GeoBio Energy, Inc. (&#8220;GeoBio&#8221; or
the &#8220;Company&#8221;) approved the Company&#8217;s entry into an amendment, dated March 12,
2008 (the Amendment&#8221;), to its share exchange agreement with GeoAlgae Technology,
Inc. (&#8220;GeoAlgae&#8221;), dated January 10, 2008 (the &#8220;Share Exchange&#8221;).</div>
      <div>&#160;</div>
      <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; tab-stops: .5in 1.0in">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;The Amendment increases the amount of common stock that the Company will
issue to the shareholders of GeoAlgae in exchange 100% of its issued and
outstanding capital stock of GeoAlgae, (i) from 3,300,000 shares of common stock
of the Company at closing to 5,875,000 shares and (ii) the Company&#8217;s commitment
to make up to 6,700,000 additional shares of common stock available, issuable
subject to certain performance based criteria (the &#8220;GBOE Performance Shares&#8221;),
to 5,875,000, as well.&#160; </div>
      <div>&#160;</div>
      <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; tab-stops: .5in 1.0in">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
The Amendment modifies the criteria for awarding the GBOE Performance Shares
such that 80% of GeoAlgae&#8217;s contribution to the GeoBio&#8217;s EBITDA arising from
GeoAlge&#8217;s biofuel growth and production technology and/or fuel distribution
generated revenue shall be paid in GBOE Performance Shares at a rate of one (1)
GBOE Performance Share per each $1.25 of GAT&#8217;s contribution to GeoBio Energy&#8217;s
EBITDA arising during the five (5) year period following the Closing (i.e.&gt; a
$1,000,000 contribution to GeoBio Energy&#8217;s EBIDTA would result in the issuance
of 800,000 GBOE Performance Shares&#8221;).&#160; Previously, the Company had agreed
to differentiate between these revenue sources such that (a) 80% of GeoAlgae&#8217;s
contribution to GeoBio&#8217;s EBITDA arising from GeoAlge&#8217;s biofuel growth and
production technology would have been paid in GBOE Performance Shares at a value
of $1.00 per share and (b) 20% of GeoAlgae&#8217;s contribution to GeoBio&#8217;s EBITDA
arising from GeoAlgae&#8217;s oil and fuel distributor based revenue would have been
paid in GBOE Performance Shares at a value of $1.00 per share.&#160; The Company
determined that this modification would provide greater flexibility in seeking
opportunities for generating revenues.</div>
      <div>&#160;</div>
      <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify; mso-pagination: none; mso-layout-grid-align: none">Additionally,
the Amendment extended the closing date to the date of the Amendment. March 12,
2008.</div>
      <div>&#160;</div>
      <div style="MARGIN: 0in 0in 0pt; mso-pagination: none; mso-layout-grid-align: none"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Section 2- Financial
Information</font></div>
      <div>&#160;</div>
      <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in; mso-pagination: none; mso-layout-grid-align: none">Item
2.01 Completion of Acquisition or Disposition of Assets</div>
      <div>&#160;</div>
      <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; mso-pagination: none; tab-stops: 0in; mso-layout-grid-align: none"><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</font>On March 18, 2008, the Company completed it Share Exchange with GeoAlgae,
pursuant to the terms of the Amendment described in Item 1.01 of the Form
8-K.&#160; As a result, GeoBio acquired GeoAlgae as a wholly owned
subsidiary.&#160;&#160; </div>
      <div>&#160;</div>
      <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; mso-pagination: none; tab-stops: 0in; mso-layout-grid-align: none">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
Pursuant to the completion of the Share Exchange, the Company authorized the
issuance of 5,875,000 shares of common stock, under Section 4(2) of the
Securities Act, to shareholders of GeoAlgae, and named Kenneth R. Bennett, who
was recently appointed to the position of Chief Executive Officer of GeoBio, to
the Board of Directors.</div>
      <div>&#160;</div>
      <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-WEIGHT: normal">The 5,875,000 shares of the
Company&#8217;s common stock were valued at $0.30 per share for a total purchase price
of $1,762,500. The entire purchase price was allocated to intangible assets
which in total constituted a business plan. The intangible assets were
subsequently deemed to be impaired and expensed. The impairment was a result of
the inability to conclude that there would be any future positive cash flow and
therefore fair value, to be assigned to the business plan. See the Company&#8217;s
Form 10-K for the year ended September 31, 2007 for &#8220;Risks Related to Our
Business and Industry.&#8221; </font></div>
      <div>&#160;</div>
      <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-WEIGHT: normal">The GBOE Performance shares are
contingent upon future performance and will be recorded as expense when and if
issued over a five year period.</font></div>
      <div>&#160;</div>
      <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 4.5pt; TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Section 3 &#8211; Securities and Trading
Markets</font></div>
      <div>&#160;</div>
      <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; mso-pagination: none; mso-layout-grid-align: none"><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</font>Item 3.02&#160; Unregistered Sales of Equity Securities</div>
      <div>&#160;</div>
      <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; mso-pagination: none; mso-layout-grid-align: none">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
In connection with the completion of the Share Exchange detailed in Item 1.01
and Item 2.01, the Company authorized the issuance of a total of 5,875,000
shares of common stock of the Company&#160; to three shareholders of GeoAlgae,
as follows: </div>
      <div>&#160;</div>
      <table cellpadding="0" cellspacing="0" width="477" style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; MARGIN: auto auto auto 36.9pt; BORDER-LEFT: medium none; WIDTH: 357.6pt; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse; mso-padding-alt: 0in 5.4pt 0in 5.4pt; mso-border-alt: solid black .5pt; mso-border-themecolor: text1; mso-yfti-tbllook: 1184">
          <tr style="MSO-YFTI-IROW: 0; MSO-YFTI-FIRSTROW: yes;">
            <td align="left" valign="top" width="24" bgcolor="transparent" style="PADDING-RIGHT: 5pt; BORDER-TOP: 1px solid; PADDING-LEFT: 5pt; BORDER-LEFT: 1px solid; WIDTH: 18.3pt; BORDER-BOTTOM: 4px; MSO-BORDER-ALT: solid black .5pt; MSO-BORDER-THEMECOLOR: text1">
              <div style="MARGIN: 0in 0in 0pt; mso-pagination: none; tab-stops: 500.1pt; mso-layout-grid-align: none" align="left">1.</div>
              <div align="left">&#160;</div>
            </td>
            <td align="left" valign="top" width="240" bgcolor="transparent" style="BORDER-RIGHT: medium none; PADDING-RIGHT: 5pt; BORDER-TOP: medium none; PADDING-LEFT: 5pt; BORDER-LEFT: #ece9d8; WIDTH: 179.7pt; BORDER-BOTTOM: 4px; MSO-BORDER-ALT: solid black .5pt; MSO-BORDER-THEMECOLOR: text1; MSO-BORDER-LEFT-ALT: solid black .5pt; MSO-BORDER-LEFT-THEMECOLOR: text1">
              <div style="MARGIN: 0in 0in 0pt; mso-pagination: none; tab-stops: 500.1pt; mso-layout-grid-align: none" align="left">Kenneth R. Bennett</div>
              <div align="left">&#160;</div>
            </td>
            <td align="left" valign="top" width="213" bgcolor="transparent" style="BORDER-RIGHT: 1px solid; PADDING-RIGHT: 5pt; BORDER-TOP: 1px solid; PADDING-LEFT: 5pt; BORDER-LEFT: #ece9d8; WIDTH: 159.6pt; BORDER-BOTTOM: 4px; MSO-BORDER-ALT: solid black .5pt; MSO-BORDER-THEMECOLOR: text1; MSO-BORDER-LEFT-ALT: solid black .5pt; MSO-BORDER-LEFT-THEMECOLOR: text1">
              <div style="MARGIN: 0in 0in 0pt; mso-pagination: none; tab-stops: 500.1pt; mso-layout-grid-align: none" align="left">1,468,750shares</div>
              <div align="left">&#160;</div>
            </td>
          </tr>
          <tr style="MSO-YFTI-IROW: 1;">
            <td align="left" valign="top" width="24" bgcolor="transparent" style="PADDING-RIGHT: 5pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5pt; BORDER-LEFT: 1px solid; WIDTH: 18.3pt; BORDER-BOTTOM: 4px; MSO-BORDER-ALT: solid black .5pt; MSO-BORDER-THEMECOLOR: text1; MSO-BORDER-TOP-THEMECOLOR: text1; MSO-BORDER-TOP-ALT: solid black .5pt">
              <div style="MARGIN: 0in 0in 0pt; mso-pagination: none; tab-stops: 500.1pt; mso-layout-grid-align: none" align="left">2.</div>
              <div align="left">&#160;</div>
            </td>
            <td align="left" valign="top" width="240" bgcolor="transparent" style="BORDER-RIGHT: medium none; PADDING-RIGHT: 5pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5pt; BORDER-LEFT: #ece9d8; WIDTH: 179.7pt; BORDER-BOTTOM: 4px; MSO-BORDER-ALT: solid black .5pt; MSO-BORDER-THEMECOLOR: text1; MSO-BORDER-LEFT-ALT: solid black .5pt; MSO-BORDER-LEFT-THEMECOLOR: text1; MSO-BORDER-TOP-THEMECOLOR: text1; MSO-BORDER-TOP-ALT: solid black .5pt; MSO-BORDER-BOTTOM-THEMECOLOR: text1; MSO-BORDER-RIGHT-THEMECOLOR: text1">
              <div style="MARGIN: 0in 0in 0pt; mso-pagination: none; tab-stops: 500.1pt; mso-layout-grid-align: none" align="left">Hydro Safe, Inc.</div>
              <div align="left">&#160;</div>
            </td>
            <td align="left" valign="top" width="213" bgcolor="transparent" style="BORDER-RIGHT: 1px solid; PADDING-RIGHT: 5pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5pt; BORDER-LEFT: #ece9d8; WIDTH: 159.6pt; BORDER-BOTTOM: 4px; MSO-BORDER-ALT: solid black .5pt; MSO-BORDER-THEMECOLOR: text1; MSO-BORDER-LEFT-ALT: solid black .5pt; MSO-BORDER-LEFT-THEMECOLOR: text1; MSO-BORDER-TOP-THEMECOLOR: text1; MSO-BORDER-TOP-ALT: solid black .5pt; MSO-BORDER-BOTTOM-THEMECOLOR: text1; MSO-BORDER-RIGHT-THEMECOLOR: text1">
              <div style="MARGIN: 0in 0in 0pt; mso-pagination: none; tab-stops: 500.1pt; mso-layout-grid-align: none" align="left">1,468,750 shares</div>
              <div align="left">&#160;</div>
            </td>
          </tr>
          <tr style="MSO-YFTI-IROW: 2; MSO-YFTI-LASTROW: yes;">
            <td valign="top" width="24" bgcolor="transparent" style="PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: 1px solid; WIDTH: 18.3pt; PADDING-TOP: 0in; BORDER-BOTTOM: 1px solid; MSO-BORDER-ALT: solid black .5pt; MSO-BORDER-THEMECOLOR: text1; MSO-BORDER-TOP-THEMECOLOR: text1; MSO-BORDER-TOP-ALT: solid black .5pt">
              <div style="MARGIN: 0in 0in 0pt; mso-pagination: none; tab-stops: 500.1pt; mso-layout-grid-align: none">3.</div>
              <div>&#160;</div>
            </td>
            <td align="left" valign="top" width="240" bgcolor="transparent" style="BORDER-RIGHT: medium none; PADDING-RIGHT: 5pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5pt; BORDER-LEFT: #ece9d8; WIDTH: 179.7pt; BORDER-BOTTOM: 1px solid; MSO-BORDER-ALT: solid black .5pt; MSO-BORDER-THEMECOLOR: text1; MSO-BORDER-LEFT-ALT: solid black .5pt; MSO-BORDER-LEFT-THEMECOLOR: text1; MSO-BORDER-TOP-THEMECOLOR: text1; MSO-BORDER-TOP-ALT: solid black .5pt; MSO-BORDER-BOTTOM-THEMECOLOR: text1; MSO-BORDER-RIGHT-THEMECOLOR: text1">
              <div style="MARGIN: 0in 0in 0pt; mso-pagination: none; tab-stops: 500.1pt; mso-layout-grid-align: none" align="left">Resource Capital Development, Inc.</div>
              <div align="left">&#160;</div>
            </td>
            <td valign="top" width="213" bgcolor="transparent" style="BORDER-RIGHT: 1px solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 159.6pt; PADDING-TOP: 0in; BORDER-BOTTOM: 1px solid; MSO-BORDER-ALT: solid black .5pt; MSO-BORDER-THEMECOLOR: text1; MSO-BORDER-LEFT-ALT: solid black .5pt; MSO-BORDER-LEFT-THEMECOLOR: text1; MSO-BORDER-TOP-THEMECOLOR: text1; MSO-BORDER-TOP-ALT: solid black .5pt; MSO-BORDER-BOTTOM-THEMECOLOR: text1; MSO-BORDER-RIGHT-THEMECOLOR: text1">
              <div style="MARGIN: 0in 0in 0pt; mso-pagination: none; tab-stops: 500.1pt; mso-layout-grid-align: none">2,937,500
      shares</div>
              <div>&#160;</div>
            </td>
          </tr>
      </table>
      <div style="MARGIN: 0in 0in 0pt; mso-pagination: none; tab-stops: 500.1pt; mso-layout-grid-align: none">&#160;</div>
      <div style="MARGIN: 0in 0in 0pt; mso-pagination: none; tab-stops: 500.1pt; mso-layout-grid-align: none"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Section 5 &#8211; Corporate Governance and
Management</font></div>
      <div style="MARGIN: 0in 0in 0pt; mso-pagination: none; tab-stops: 500.1pt; mso-layout-grid-align: none">&#160;</div>
      <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify; mso-pagination: none; mso-layout-grid-align: none">Item
5.02 Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers.</div>
      <div>&#160;</div>
      <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; mso-pagination: none; tab-stops: 0in; mso-layout-grid-align: none">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
On March 18, 2008, pursuant to the completion of the Share Exchange, the Company
appointed Kenneth R. Bennett, currently the Chief Executive Officer of the
Company, to the Board of Directors.&#160; </div>
      <div>&#160;</div>
      <div style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; mso-pagination: none; tab-stops: 0in; mso-layout-grid-align: none">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
A former Arizona State Senator, Ken Bennett, 49, has more than twenty years of
experience in the fuel distribution industry including expertise and experience
in management, marketing, finance, and government affairs. Between1984-2006, Mr.
Bennett served as CEO of a third-generation fuel distribution company, Bennett
Oil.&#160; During his eight years term as an Arizona State Senator, Mr. Bennett
served as Senate President between 2003-2007.&#160; Mr. Bennett earned a
Bachelor of Science on a President&#8217;s Scholarship award from Arizona State
University in 1984.&#160; </div>
      <div>&#160;</div>
      <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify">To the
extent that any information called for in Item 404(a) of Regulation S-B is
unavailable, the Company will provide such information in an amendment to this
Form 8-K within four (4) days from when this information becomes
available.</div>
      <div>&#160;</div>
      <div style="MARGIN: 0in 0in 0pt; mso-pagination: none; mso-layout-grid-align: none"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Section 9 - Financial Statements and
Exhibits</font></div>
      <div>&#160;</div>
      <div style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in">Item 9.01 Financial
Statements and Exhibits</div>
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<font style="TEXT-DECORATION: underline">Financial Statements</font>.&#160; Not
required under the terms of Rule 8-04(b) of Regulation S-X.&#160; </div>
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8-04(b) of Regulation S-X. </font></div>
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<font style="TEXT-DECORATION: underline">Shell company
transactions</font>.&#160; Not applicable.</div>
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      <div>&#160;</div>
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              <tr>
                <td align="left" valign="top" width="16%" style="BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: 4px none">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">EXHIBIT
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                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">DESCRIPTION</font></div>
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                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">LOCATION</font></div>
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                  <div style="DISPLAY: block; TEXT-INDENT: 0pt" align="left">&#160;</div>
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                <td align="left" valign="top" width="27%" style="BORDER-BOTTOM: 4px none">
                  <div style="DISPLAY: block; TEXT-INDENT: 0pt" align="left">&#160;</div>
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      Exchange Agreement with GeoAlgae Technology, Inc. dated January 10,
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                  <div style="DISPLAY: block; TEXT-INDENT: 0pt" align="left">&#160;</div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Incorporated
      by reference to the Company&#8217;s Form 8-K filed January 15,
    2008</font></div>
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              </tr>
              <tr>
                <td align="left" valign="top" width="16%" style="BORDER-LEFT: medium none; BORDER-BOTTOM: 4px none">
                  <div style="DISPLAY: block; TEXT-INDENT: 0pt" align="left">&#160;</div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">10.18</font></div>
                </td>
                <td align="left" valign="top" width="27%" style="BORDER-BOTTOM: 4px none">
                  <div style="DISPLAY: block; TEXT-INDENT: 0pt" align="left">&#160;</div>
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      Agreement with GeoAlgae Technology, Inc., dated March 12,
    2008</font></div>
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                <td align="left" valign="top" width="27%" style="BORDER-RIGHT: medium none; BORDER-BOTTOM: 4px none">
                  <div style="DISPLAY: block; TEXT-INDENT: 0pt" align="left">&#160;</div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Filed
      Herewith</font></div>
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</div>
      <div>&#160;</div>
      <div style="MARGIN: 12pt 0in; TEXT-ALIGN: center" align="center">&#160;</div>
      <div>&#160;</div>
      <div style="MARGIN: 12pt 0in; TEXT-ALIGN: center" align="center">&#160;</div>
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      <div>&#160;</div>
      <div style="MARGIN: 12pt 0in; TEXT-INDENT: 0.5in">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.</div>
      <div style="MARGIN: 12pt 0in; TEXT-INDENT: 0.5in">Dated March 18, 2008</div>
      <div>&#160;</div>
      <div>&#160;</div>
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              <div>&#160;</div>
            </td>
          </tr>
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              <div>&#160;</div>
            </td>
            <td valign="top" width="4%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0.7pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 4.96%; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt">&#160;</div>
              <div>&#160;</div>
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            <td valign="top" width="45%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0.7pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 45.42%; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
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              <div>&#160;</div>
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          </tr>
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            <td valign="top" width="49%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0.7pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 49.62%; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt">&#160;</div>
              <div>&#160;</div>
            </td>
            <td valign="top" width="4%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0.7pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 4.96%; PADDING-TOP: 0in; BORDER-BOTTOM: #ece9d8">
              <div style="MARGIN: 0in 0in 0pt"><font>      </font>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">By:</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              </div>
            </td>
            <td valign="top" width="45%" bgcolor="transparent" style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 0.7pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: #ece9d8; WIDTH: 45.42%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid">
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              <div>&#160;</div>
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              <div>&#160;</div>
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              </div>
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      <div>&#160;</div>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              </td>
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="16%" style="BORDER-LEFT: medium none; BORDER-BOTTOM: 4px none">
                <div style="DISPLAY: block; TEXT-INDENT: 0pt" align="left">&#160;</div>
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              </td>
              <td align="left" valign="top" width="27%" style="BORDER-RIGHT: medium none; BORDER-BOTTOM: 4px none">
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            </tr>
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      <div>&#160;</div>
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form8-k.htm
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
March 18, 2008
Date
of Report (date of earliest event reported):
GEOBIO ENERGY,
INC.
(Exact name of registrant as specified in its
charter)
Colorado
333-67174
84-1153946
(State
      or other jurisdiction
of incorporation)
(Commission File Number)
(IRS
      Employer
I.D. Number)
601 Union Street, Suite
4500
Seattle, WA 98121
(Address
of principal executive offices)
Registrant's
telephone number, including area code: (
206) 838-9715
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))
FORM
8-K
Section 1 - Registrant's Business and
Operations
Item
1.01 Entry into a Material Definitive Agreement.
On March 18, 2008, the board of directors of GeoBio Energy, Inc. ("GeoBio" or
the "Company") approved the Company's entry into an amendment, dated March 12,
2008 (the Amendment"), to its share exchange agreement with GeoAlgae Technology,
Inc. ("GeoAlgae"), dated January 10, 2008 (the "Share Exchange").
The Amendment increases the amount of common stock that the Company will
issue to the shareholders of GeoAlgae in exchange 100% of its issued and
outstanding capital stock of GeoAlgae, (i) from 3,300,000 shares of common stock
of the Company at closing to 5,875,000 shares and (ii) the Company's commitment
to make up to 6,700,000 additional shares of common stock available, issuable
subject to certain performance based criteria (the "GBOE Performance Shares"),
to 5,875,000, as well.
The Amendment modifies the criteria for awarding the GBOE Performance Shares
such that 80% of GeoAlgae's contribution to the GeoBio's EBITDA arising from
GeoAlge's biofuel growth and production technology and/or fuel distribution
generated revenue shall be paid in GBOE Performance Shares at a rate of one (1)
GBOE Performance Share per each $1.25 of GAT's contribution to GeoBio Energy's
EBITDA arising during the five (5) year period following the Closing (i.e.> a
$1,000,000 contribution to GeoBio Energy's EBIDTA would result in the issuance
of 800,000 GBOE Performance Shares").  Previously, the Company had agreed
to differentiate between these revenue sources such that (a) 80% of GeoAlgae's
contribution to GeoBio's EBITDA arising from GeoAlge's biofuel growth and
production technology would have been paid in GBOE Performance Shares at a value
of $1.00 per share and (b) 20% of GeoAlgae's contribution to GeoBio's EBITDA
arising from GeoAlgae's oil and fuel distributor based revenue would have been
paid in GBOE Performance Shares at a value of $1.00 per share.  The Company
determined that this modification would provide greater flexibility in seeking
opportunities for generating revenues.
Additionally,
the Amendment extended the closing date to the date of the Amendment. March 12,
2008.
Section 2- Financial
Information
Item
2.01 Completion of Acquisition or Disposition of Assets
On March 18, 2008, the Company completed it Share Exchange with GeoAlgae,
pursuant to the terms of the Amendment described in Item 1.01 of the Form
8-K.  As a result, GeoBio acquired GeoAlgae as a wholly owned
subsidiary.
Pursuant to the completion of the Share Exchange, the Company authorized the
issuance of 5,875,000 shares of common stock, under Section 4(2) of the
Securities Act, to shareholders of GeoAlgae, and named Kenneth R. Bennett, who
was recently appointed to the position of Chief Executive Officer of GeoBio, to
the Board of Directors.
The 5,875,000 shares of the
Company's common stock were valued at $0.30 per share for a total purchase price
of $1,762,500. The entire purchase price was allocated to intangible assets
which in total constituted a business plan. The intangible assets were
subsequently deemed to be impaired and expensed. The impairment was a result of
the inability to conclude that there would be any future positive cash flow and
therefore fair value, to be assigned to the business plan. See the Company's
Form 10-K for the year ended September 31, 2007 for "Risks Related to Our
Business and Industry."
The GBOE Performance shares are
contingent upon future performance and will be recorded as expense when and if
issued over a five year period.
Section 3 – Securities and Trading
Markets
Item 3.02  Unregistered Sales of Equity Securities
In connection with the completion of the Share Exchange detailed in Item 1.01
and Item 2.01, the Company authorized the issuance of a total of 5,875,000
shares of common stock of the Company  to three shareholders of GeoAlgae,
as follows:
1.
Kenneth R. Bennett
1,468,750shares
2.
Hydro Safe, Inc.
1,468,750 shares
3.
Resource Capital Development, Inc.
2,937,500
      shares
Section 5 – Corporate Governance and
Management
Item
5.02 Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers.
On March 18, 2008, pursuant to the completion of the Share Exchange, the Company
appointed Kenneth R. Bennett, currently the Chief Executive Officer of the
Company, to the Board of Directors.
A former Arizona State Senator, Ken Bennett, 49, has more than twenty years of
experience in the fuel distribution industry including expertise and experience
in management, marketing, finance, and government affairs. Between1984-2006, Mr.
Bennett served as CEO of a third-generation fuel distribution company, Bennett
Oil.  During his eight years term as an Arizona State Senator, Mr. Bennett
served as Senate President between 2003-2007.  Mr. Bennett earned a
Bachelor of Science on a President's Scholarship award from Arizona State
University in 1984.
To the
extent that any information called for in Item 404(a) of Regulation S-B is
unavailable, the Company will provide such information in an amendment to this
Form 8-K within four (4) days from when this information becomes
available.
Section 9 - Financial Statements and
Exhibits
Item 9.01 Financial
Statements and Exhibits
(a)
Financial Statements
.  Not
required under the terms of Rule 8-04(b) of Regulation S-X.
(b)
Pro forma financial
information.
Not required under the terms of Rule
8-04(b) of Regulation S-X.
(c)
Shell company
transactions
.  Not applicable.
(d)
Exhibits
.
EXHIBIT
      NUMBER
DESCRIPTION
LOCATION
10.7
Share
      Exchange Agreement with GeoAlgae Technology, Inc. dated January 10,
      2008
Incorporated
      by reference to the Company's Form 8-K filed January 15,
    2008
10.18
Exchange
      Agreement with GeoAlgae Technology, Inc., dated March 12,
    2008
Filed
      Herewith
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.
Dated March 18, 2008
BETTER BIODIESEL,
      INC.
By:
/s/
      Kenneth R. Bennett
Chief
      Executive Officer, Director
EXHIBIT
      INDEX
10.7
Share
      Exchange Agreement with GeoAlgae Technology, Inc. dated January 10,
      2008
Incorporated
      by reference to the Company's Form 8-K filed January 15,
    2008
10.18
Exchange
      Agreement with GeoAlgae Technology, Inc., dated March 12,
    2008
Filed
      Herewith