C05362-2015

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Sep 30, 2015
2. SEC Identification Number
A200117708
3. BIR Tax Identification No.
219-934-330
4. Exact name of issuer as specified in its charter
Xurpas Inc.
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
7F Cambridge Centre, 108 Tordesillas St., Salcedo Village, Makati City Postal Code 1227
8. Issuer's telephone number, including area code
(632) 889-6467
9. Former name or former address, if changed since last report
N/A
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Shares 1,720,000,660
11. Indicate the item numbers reported herein
Item 9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Xurpas Inc.X

PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Purchase of a convertible promissory note from a Singapore-based technology company
Background/Description of the Disclosure

On September 30, 2015, the Board of Directors of Xurpas Inc. ("Xurpas") approved Xurpas' purchase of a convertible promissory note for US$500,000 to be issued by Einsights Pte Ltd. ("Einsights"), a Singapore-based technology solutions provider with operations in Singapore, Vietnam, Hong Kong, India, Australia, Canada and Switzerland.

Under the terms of the Note Purchase Agreement, Xurpas has the option to: 1) be paid the principal amount of US$500,000 with an interest of 3% per annum; or 2) convert the note into equity at a 40% discount on the purchase price of the shares and be entitled to one board seat, upon maturity of the note or in the next financing round.
Other Relevant Information

Einsights has developed a unique business analytics product that enables decision makers to make smarter decisions faster, through the ability to access information and analyze data using industry-specific, knowledge-based system engine, that processes user queries and provides answers using interactive visualizations that replaces confusing spreadsheets and complex systems.

Einsights' unique product is a worthy addition to Xurpas' offerings to its enterprise clients. The deal also presents an attractive investment opportunity with its interest-bearing loan feature convertible into equity at a discount.
Filed on behalf by:
Name Mark Gorriceta
Designation Assistant Chief Information Officer