MedGen Inc (MDIN)

[ERASERHEAD]

Past loan arrangements reported and filed by former management continue to convert into freely trading common shares on the sixth month anniversary of their loan pursuant to Rule 144. The lender, in the past month, has converted $20,966.21 in convertible debentures into 419,324,301 common shares. The conversion formula is based upon a 55% discount to the lowest bid price of the last trading days.

Item 9.01

Financial Statements and Exhibits.

Exhibit No.



Description

10.01

NIR Group and Med Gen Inc. Security Purchase Agreement

10.02

NIR Group and Med Gen Inc. Registration Rights Agreement

10.03

NIR Group Inc. and Med Gen Inc. Subsidiary Guarantee

10.04

NIR Group and Med Gen inc. Intellectual Property Agreement

10.05

NIR Group and Med Gen Inc. Security Agreement

10.06

Form of Note AJW Partners LLC

10.07

Form of Note AJW Partners II LLC

10.08

Form of Note AJW Master Fund Ltd

10.09

Form of Note Master Fund II Ltd

10.10

Form of Note New Millenium Partners II LLC