UNITED ~~STATES SECURITIES~~STATESSECURITIES AND EXCHANGE ~~COMMISSION Washington~~COMMISSIONWashington, D.C. 20549

FORM 8-K

CURRENT ~~REPORT Pursuant~~REPORTPursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

April ~~January 14~~19, ~~2006 Date~~2007Date of Report (Date of earliest event reported)

BALSAM VENTURES, INC.
(Exact name of registrant as specified in its charter)

NEVADA	000-32011	52-2219056
(State or other jurisdiction	(Commission File	(IRS Employer
(State or other jurisdiction of	(Commission File	(IRS Employer Identification No.)
of incorporation)	Number)	Identification No.)
incorporation)	Number)
1480 Gulf Road, Suite 204
Point Roberts, WA		98281
(Address of principal executive offices)		(Zip Code)

1480 Gulf Road, Suite 204
Point Roberts, WA	98281
(Address of principal executive offices)	(Zip Code)

(360) 306-0230

~~(360) 306-0230~~ Registrant's telephone number, including area code

Check ~~Not~~the ~~Applicable~~appropriate box below if the Form 8-K filing is ~~(Former~~intended ~~name~~to orsimultaneously ~~former~~satisfy ~~address,~~the iffiling ~~changed~~obligation ~~since~~of ~~last~~the ~~report)~~registrant under any of the following provisions:

______ 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))

SECTION 1 – REGISTRANT’S BUSINESS AND OPERATIONS

ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.

~~Effective~~On ~~January~~April 1419, ~~2006~~2007, Balsam Ventures, Inc. (the “~~Balsam~~Company”), entered into ana loan agreement (the “~~Extension~~Loan Agreement”) with ~~NorPac~~Black ~~Technologies,~~Pointe Holdings Inc. (“~~NorPac~~Black Pointe”), pursuant to which ~~NorPac and Balsam agreed to amend~~ the ~~terms~~ ofCompany ~~their~~borrowed ~~exclusive licensing agreement dated as of November 30~~$60,000 ~~2003~~from ~~(the “License Agreement”)~~Black Pointe. ~~Under~~The ~~the~~loan ~~terms~~to of the ~~License~~Company ~~Agreement,~~extends ~~Balsam~~for ~~was~~a toperiod ~~pay NorPac minimum royalties in the amount~~ of ~~$5,000~~one ~~per month (the “Minimum Royalty Payments”)~~year, ~~commencing~~matures on April ~~January 15~~19, ~~2006. Under the Extension Agreement~~2008, ~~NorPac~~and ~~has~~accrues ~~agreed~~interest toat ~~extend~~a ~~the~~rate ~~date~~of on8% ~~which~~per ~~Balsam~~annum. isThe ~~required~~loan ~~to commence paying the Minimum Royalty Payments to January 15, 2007 in exchange~~is ~~for the following consideration:~~unsecured.

	(a)	500,000 shares of Balsam’s common stock; and
	(b)	$20,000, payable to NorPac on or before January 31, 2006.

A copy of the Loan Agreement and the promissory note evidencing the loan agreement are filed as exhibits to this report.

ASECTION ~~copy~~9 of– ~~the~~FINANCIAL ~~Extension~~STATEMENTS ~~Agreement~~AND isEXHIBITS ~~attached as an exhibit to this report.~~

SECTION 3 – SECURITIES AND TRADING MARKETS

ITEM 9.01		FINANCIAL STATEMENTS AND EXHIBITS.

(d)	Exhibits

ITEM 3.02 UNREGISTERED SALES OF EQUITY SECURITIES

Exhibit
Number	Description of Exhibit

10.1	Loan Agreement between Balsam Ventures, Inc. and Black Pointe Holdings Inc. dated as of April 19, 2007

10.2	Promissory Note executed by Balsam Ventures, Inc. dated as of April 19, 2007

Effective January 14, 2006, Balsam agreed to issue 500,000 shares of its common stock to NorPac in partial consideration for NorPac’s agreement to extend the date upon which the Minimum Royalty Payments are to commence under the License Agreement. These shares are being sold to NorPac pursuant to the exemption from registration contained in Section 4(2) of the Securities Act of 1933. NorPac is a principal stockholder of Balsam, beneficially owning greater than 10% of Balsam’s common stock and, as such, has (a) the ability to understand the risks of an investment in Balsam’s common stock, and (b) access to the type of information that would normally be contained in a registration statement. In addition, Bruce Leitch, the President and sole director of NorPac, is a close personal friend and close business associate of John Boschert, the President and sole director of Balsam, and is a sophisticated person with extensive experience in investing in similar types of securities.SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of ~~SECTION~~ 1934, 7the –registrant ~~Regulation~~has FDduly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

ITEM 7.01 Regulation FD Disclosure

	BALSAM VENTURES, INC.

	By:	/s/ John Boschert
Date:April 20, 2007
		JOHN BOSCHERT
		Chief Executive Officer, Chief Financial Officer
		President, Secretary and Treasurer
		and Director

~~A copy of the joint press release issued by NorPac and Balsam announcing the Extension Agreement is attached as an exhibit to this report.~~2

SECTION 9 – FINANCIAL STATEMENTS AND EXHIBITS

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits.

Exhibit	Description
10.1	Extension Agreement dated as of January 14, 2006 between NorPac Technologies, Inc. and Balsam Ventures, Inc.
99.1	Press Release dated January 19, 2006.

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 hereunto duly authorized.

	BALSAM VENTURES, INC.
Date: January 18, 2006
	By:	/s/ John Boschert
		JOHN BOSCHERT
		President and Chief Executive Officer

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