UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 ORor 15(d) of ~~The~~theSecurities ~~Securities~~ Exchange Act of 1934

Date of Report (Date of earliest event reported) ~~April~~May 2617, 2011

IA Global, Inc.

(Exact name of registrant as specified in its charter)


Delaware	1-15863	13-4037641
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

101 California Street, Suite 2450, San Francisco, CA 94111

(Address of principal executive offices) (Zip Code)

~~(Registrant’s~~ ~~telephone number, including area code)~~ (415)-946-8828

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

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 133-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 51.0201. ~~Departure~~Entry ofinto ~~Directors~~a orMaterial ~~Certain~~Definitive ~~Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers~~Agreement.

~~Departure~~Amendment to Equity Line of ~~Chief~~Credit ~~Financial~~Transaction ~~Officer~~with Ascendiant Capital Group, LLC

On September ~~April~~29, 262009, ~~2011~~IA Global, ~~Mark~~Inc. ~~Scott~~(“IA ~~and~~Global” or the ~~company~~“Company”) entered into a ~~separation~~Securities ~~agreement~~Purchase ~~wherein~~Agreement ~~Mr.~~with ~~Scott~~Ascendiant ~~will~~Capital ~~stay~~Group, ~~with~~LLC ~~the~~(“Ascendiant”), ~~Company~~pursuant to ~~until~~which ~~the~~Ascendiant ~~Company’s~~agreed ~~filing~~to ofpurchase ~~the~~up ~~2011~~to ~~Form 10-K~~$5,000,000 ~~which~~worth of shares of the Company’s ~~currently~~common stock ~~anticipates~~from ~~will~~time ~~occur~~to ontime ~~June~~over 30a 24-month period, ~~2011.~~provided Mrthat certain conditions are met. ~~Scott~~The ~~did~~financing arrangement ~~not~~entered ~~resign~~into ~~due~~by toIA ~~any~~Global ~~disagreement~~and ~~with~~Ascendiant ~~the~~is ~~Company~~commonly ~~relating~~referred to ~~the~~as ~~Company’s~~an ~~operations,~~“equity ~~policies~~line of credit” or ~~practices~~an “equity drawdown facility.”

InOn ~~connection~~May ~~with~~17, ~~Mr. Scott’s pending resignation~~2011, ~~he and~~ the Company entered into aan ~~Separation~~Amendment ~~Agreement~~to ~~and Full Release of Claims (~~the ~~“Separation~~Equity ~~Agreement”),~~Line ~~which is effective as~~ of ~~April~~Credit 8,whereby ~~2011. Pursuant to~~ the ~~Separation~~$1 ~~Agreement,~~million minimum ~~the~~use ~~Company~~of ~~agreed~~facility towas ~~provide~~waived ~~the~~by ~~following consideration to Mr~~Ascendiant. ~~Scott:~~

·The ~~$75,000~~Amendment ~~payable~~to ~~within 2 weeks upon~~ the ~~Company’s~~Equity ~~filing~~Line of ~~the~~Credit ~~2011~~will ~~Form~~be ~~10-K~~included ~~with~~as ~~the~~exhibits ~~SEC,~~to ~~provided that Mr. Scott executes~~ the ~~certifications required in connection with filing the 2011~~ Form 10-K;Q ~~and~~for ~~providing that Mr. Scott stays on as Chief Financial Officer until June 30, 2011, and Mr. Scott transfers all pertinent records to~~ the ~~Company.~~three ·months ended ~~Settlement of all past due liabilities, with payments of $8,000 per month starting April 15, 2011 until $82,961 is paid. · Salary of $65,000 per year up through~~ June 30, 2011~~, with continued benefits through June 30, 2011~~. ~~No future bonuses will be accrued after April 8, 2011. · Issuance of 27,500 restricted shares of IA Global stock in exchange for the cancellation of his current incentive stock options.~~

The Separation Agreement contains customary provisions with respect to confidentiality, non-disclosure, non-solicitation, non-disparagement and Mr. Scott’s return of any property of the Company in his possession.SIGNATURE

~~Finally,~~Pursuant to the ~~separation~~requirements ~~agreement contains a broad release in favor~~ of the ~~Company~~Securities ~~with~~Exchange ~~respect~~Act toof ~~any and all rights~~1934, ~~claims,~~the ~~demands,~~Registrant ~~causes~~has ofduly ~~actions~~caused ~~and~~this ~~liabilities~~report ~~of any nature relating~~ to ~~his~~be ~~employment~~signed ~~with~~on ~~the~~its ~~Company,~~behalf ~~the~~by ~~termination of such employment, and/or his entry into~~ the ~~Separation~~undersigned ~~Agreement,~~thereunto ~~excluding~~duly ~~any lawsuits~~authorized.

~~Compensatory~~IA ~~Arrangement~~GLOBAL, ~~with Company Director~~INC.

On April 26, 2011, the Company entered into a Consulting Agreement with Gregory LeClaire, a Director of the Company. The purpose of the agreement is to provide for a transition period leading to the likely appointment of Mr. LeClaire as the Company’s new Chief Financial Officer upon the departure of Mr. Mark Scott on June 30, 2011. Mr. LeClaire is to receive $120 per hour with a maximum of 40 hours per week. (Registrant)

~~The~~Dated: ~~Separation~~May ~~and~~18, ~~Consulting~~2011 ~~Agreements~~By: ~~will~~/s/ beBrian ~~included~~Hoekstra asBrian ~~exhibits~~Hoekstra toChief ~~the~~Executive ~~Form 10-Q for the three months ended June 30, 2011.~~Officer

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Item 9.01 Financial Statements and Exhibits.

(d) Exhibits –

Exhibit No.	Description
99.1	Press Release issued by the IA Global, Inc. on April 28, 2011.

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 thereunto duly authorized.

IA Global, Inc.

(Registrant)

Dated: April 28, 2011

By: /s/ Brian Hoekstra Brian Hoekstra Chief Executive Officer

EXHIBIT INDEX

Exhibit No.	Description
99.1	Press Release issued by the IA Global, Inc. on April 28, 2011.

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