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): ~~January~~June 194, 2010

PLASTINUM POLYMER TECHNOLOGIES CORP.

(Exact Name of Registrant as Specified in its Charter)

Delaware	0-52128	20-4255141
(State or Other Jurisdiction	(Commission	(IRS Employer
of Incorporation)	File Number)	Identification No.)

10100 Santa Monica Blvd., Suite 300

Los Angeles, CA 90067

(Address of Principal Executive Offices) (Zip Code)

Registrant's telephone number, including area code: (310) 651-9972

(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 (see General Instruction A.2. below):

¨ □ 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 ~~January~~ 19June 4, 2010, Plastinum Polymer Technologies Corp. (the “Company”) entered into a Participation ~~Securities Purchase~~ Agreement (the “~~Purchase~~Participation Agreement”) with Richard von Tscharner (the “Investor”), pursuant to which the Company sold and issued to the Investor ~~(i)~~ a ~~Convertible~~15% ~~Promissory~~equity ~~Note~~stake in the ~~principal~~Company’s ~~amount~~Dutch ~~of $2~~subsidiary,~~172,000~~ PPT Holding B.V. (~~the~~ “~~Note~~PPT”), ~~and~~for ~~(ii)~~5 million Euros. The payment of the 5 million Euros was made in two installments, whereby a ~~Warrant~~first toinstallment ~~purchase~~of 3 million Euros was paid by RT to PPT,~~620,000~~ ~~shares~~out of ~~the~~which ~~Company’s~~funds PPT repaid a Bridge Loan previously made ~~Common~~by ~~Stock~~RT to PPT on April 16, 2010 (~~the~~including ~~“Warrant”~~accrued interest thereon), and a second installment of 2 million Euros was paid by the Investor to PPT.

The ~~Note~~ ~~accrues~~Participation ~~interest~~Agreement atwas aentered ~~rate~~into ofbetween ~~10%~~the ~~per~~parties ~~annum~~with ~~and~~the understanding ~~matures~~that onthe ~~January~~Company ~~19, 2013. The Note~~ is ~~convertible~~contemplating ~~into shares of~~ the ~~Company’s~~reorganization ~~Common~~described ~~Stock~~under atItem an8.01 ~~initial~~below. Pursuant ~~conversion~~to ~~price~~the ofParticipation ~~$0.20~~Agreement, ~~per~~among other ~~share~~things, orthe aInvestor ~~total~~received ofa ~~10,860,000 shares,~~“put” ~~subject~~right to ~~adjustment~~exchange asthe ~~contained~~equity stake it received in ~~the~~PPT ~~Note,~~thereunder ~~the~~for ~~form~~a of15% ~~which~~equity ~~is attached~~stake toin the ~~Securities Purchase Agreement~~Company, on a fully-diluted ~~copy~~basis, ofin ~~which~~the isevent ~~attached~~that ~~as Exhibit~~the ~~10.1~~reorganization ~~hereto~~referred ~~and~~to ~~incorporated~~under ~~herein~~Item 8.01 bydoes ~~reference~~not intake ~~its entirety~~place.

~~The~~Item ~~Warrant expires on January 19, 2013~~3. ~~The~~02 Unregistered ~~initial~~Sales ~~exercise price~~ of ~~the~~ ~~Warrant~~Equity ~~is $0~~Securities.~~20 per share, subject to adjustment as contained in the Warrant, the form of which is attached hereto as Exhibit 4.1 and incorporated herein by reference in its entirety.~~

Pursuant to the ~~Purchase~~Participation Agreement, ~~among~~described ~~other~~under ~~things,~~Item ~~(i)~~1.01 above, the ~~Registrant is obligated~~Company granted to ~~register~~the ~~for~~Investor ~~resale~~a ~~under~~“put” ~~the~~right ~~Securities~~to ~~Act~~exchange the ~~shares~~equity ofstake ~~Common~~he ~~Stock~~received ~~issuable~~in ~~upon~~PPT ~~conversion~~under of the ~~Note~~Participation ~~and~~Agreement ~~exercise~~for such number of shares of the Company’s ~~Warrant~~Common byStock ~~February~~equivalent ~~1, 2010~~to ~~and~~15% ~~(ii)~~of the ~~Registrant~~Company’s ~~obligation~~Common toStock, ~~register~~on ~~for resale under the~~a ~~Securities~~fully-diluted ~~Act~~basis, ~~the~~or 32,675,608 shares of Common Stock, ~~issuable~~in ~~upon~~the ~~conversion~~event ofthat the ~~Convertible~~reorganization ~~Promissory~~described ~~Notes~~under ~~previously~~Item ~~purchased~~8.01 bydoes ~~the~~not ~~Investor~~take onplace. Such “put” ~~June~~right ~~15, 2009~~was ~~and~~granted ~~September~~without ~~25,~~registration ~~2009~~under ~~has~~the ~~been~~Securities ~~extended~~Act toof ~~February~~1933 1,in reliance ~~2010~~on Regulation S thereunder.

Item 38.0301 Other ~~Material Modification to Rights of Security Holders~~Events.

AsPlastinum Polymer Technologies Corp. (the “Company”) is contemplating a reorganization which would result ofin the ~~January~~Company’s ~~19,~~securities ~~2010~~no ~~issuance~~longer ofbeing traded in the United ~~Note~~States, ~~described~~but instead the Company’s business operations, which are controlled by its subsidiary PPT Holding B.V. (“PPT”), will be publicly traded under ~~Item~~PPT 1on a European securities market and the Company security holders will become PPT security holders (the “Reorganization”).01 The ~~above~~Reorganization is proposed to be accomplished by (i) the transfer by the Company of all of its assets and ~~pursuant~~liabilities to PPT, (ii) the ~~terms~~holders of the ~~Series~~Company’s securities ~~B-1~~receiving ~~Convertible~~securities ~~Preferred~~in ~~Stock,~~PPT similar to the securities owned in the Company via a liquidating distribution from the ~~conversion~~Company, ~~price~~(iii) the shares of ~~all~~PPT being ~~outstanding~~publicly traded on a European market and (iv) the shares of ~~Series~~Common ~~B-1~~Stock of ~~Convertible~~the Company being deregistered under the federal securities laws. No ~~Preferred~~final ~~Stock~~determination has been ~~reduced~~made by the Company regarding the Reorganization. In the event that the Company determines to $0proceed with the Reorganization, the matter will be put forth for a vote at a meeting of the Company’s stockholders.34 The ~~per~~Company ~~share~~will advise its stakeholders when a final determination regarding the Reorganization has been made.

Item 9.01 Financial Statements and Exhibits.

Exhibit		Description of Exhibit
4.1		Warrant, issued to Richard von Tscharner by the Registrant, dated January 19, 2010.
10.1		Securities Purchase Agreement between the Registrant and Richard von Tscharner, dated January 19, 2010.

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.

	PLASTINUM POLYMER TECHNOLOGIES CORP.
Dated: January 19, 2010	By:	/s/ Jacques Mot
Dated: June 7, 2010	By:	/s/ Jacques Mot
		Jacques Mot
		President and Chief Executive Officer

Filing Compare · Plastinum Polymer Technologies Corp.