UNITED STATES

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): ~~August~~May 131, ~~2009~~2010

EXCELLENCY INVESTMENT REALTY TRUST, INC.

(Exact name of registrant as specified in its charter)

Maryland

(State or other jurisdiction of incorporation or organization)

000-50675	20-8635424
(Commission File Number)	(IRS Employer Identification No.)

245 Park Avenue, 39th Floor New York, NY	10167
(principal executive offices)	(Zip Code)

(~~212~~646) ~~792~~719-~~4040~~2012

(Registrant’s telephone number, including area code)

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:

o	Written communications pursuant to Rule 425 under the Securities Act

o	Soliciting material pursuant to Rule 14a-12 under the Exchange Act

o	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

o	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

Item 52.0203 ~~Departure~~Creation of ~~Directors~~a ~~and~~Direct ~~Principal~~Financial ~~Officers;~~Obligation ~~Election~~or ofan ~~Directors;~~Obligation ~~Appointment~~under an Off-Balance Sheet Arrangement of ~~Officers.~~a Registrant

As noted in our 8-K filing on 8/14/2009, David D. Mladen (“Mr. Mladen”), a Director, President and the Chief Executive Officer of the Company resigned his positions as of August 13, 2009. At ~~Mr. Mladen voluntarily resigned in his capacities in keeping with~~ the ~~agreement~~time ~~reached in settlement~~ of ~~the civil litigation previously initiated by the U.S. Securities and Exchange Commission against the Company and~~ Mr. Mladen’s resignation, ~~individually.~~ Mr. Mladen’s ~~agreement,~~agreed ~~as it relates~~ to ~~his~~remain ~~inability~~available to ~~serve as an Officer or Director of~~ the Company,’s ~~which~~management ~~is to not serve~~ as ~~an Officer or~~ a ~~Director~~Consultant ~~for~~to aprovide ~~period~~consulting ofservices ~~five~~that ~~(5)~~may ~~years,~~be ~~was~~requested ~~approved by the United States District Court, District~~ of ~~Connecticut~~him ~~in SEC v. Excellency Investment Realty Trust, Inc. and David D. Mladen, Case No. 3:08-cv-0158-JBA,~~ by ~~Final Judgment dated July 15, 2009, which becomes non-appealable on August 17, 2009. There is no disagreement between Mr. Mladen and~~ the Company’s ~~regarding~~management ~~his~~from ~~voluntary resignation announced in this Form 8~~time-~~K, as settlement of the SEC litigation by consenting~~ to ~~the five year bar that was included in the Final Judgment was believed to be in the Company’s and Mr~~-time. ~~Mladen’s best interest.~~

Effective ~~prior~~May ~~to the date and time of Mr. Mladen’s voluntary resignation as an Officer and Director of the Company~~1, ~~Gorica Adduci~~2010, ~~who~~Excellency ~~has~~Investment ~~worked~~Realty ~~in the real estate industry for quite some time~~Trust, ~~was~~Inc. ~~appointed~~(“The ~~by the Directors of the~~ Company”) asentered into a ~~replacement~~formal ~~Director,~~consulting ~~President and~~agreement ~~the~~with ~~Interim~~David ~~Chief~~D. ~~Executive~~Mladen ~~Officer to replace those roles historically filled by~~ (“Mr. Mladen ~~until the next regularly scheduled meeting of shareholders where Directors stand for re-election~~”).

~~Although~~The ~~the~~following ~~terms~~duties and ~~conditions~~responsibilities ofshall ~~Mr.~~be ~~Mladen’s~~competently ~~consulting~~performed ~~agreement~~by ~~entered~~the ~~into~~Mr. ~~with~~Mladen: ~~the~~Review ~~Company~~and ~~have~~advise ~~not~~on ~~yet~~all ~~been~~insurance ~~finalized,~~policies ~~Mr.~~and ~~Mladen~~claims ~~has~~on ~~preliminarily~~same; ~~agreed~~Research tonew ~~remain~~real ~~available~~estate toprojects that the Company’s ~~management~~may asbe ainterested ~~consultant~~in adding to ~~provide~~its ~~consulting~~portfolio; ~~services~~Assist ~~that~~Company ~~may~~in ~~be requested~~obtaining offinancing ~~him~~for bynew ~~the~~projects; ~~Company’s~~and ~~management~~Other ~~from~~duties ~~time-to-time~~as deemed necessary by Company.

The Company shall make payments to the Mr. Mladen of a set amount as compensation for services rendered. Mr. Mladen has agreed to accept the sum of $31,200 per year, payable weekly in the amount of $600. In addition to the above compensation, Mr. Mladen will be entitled health insurance, as well as commissions / bonuses which will be negotiated for consummated property purchases brought to company by Mr. Mladen and loans negotiated or refinanced through efforts by Mr. Mladen.

Item 9.01

Financial Statements and Exhibits.

(d) Exhibits .

No exhibits are attached.

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.

Date: August 14, 2009	EXCELLENCY INVESTMENT REALTY TRUST, INC.
Date: May 3, 2010	EXCELLENCY INVESTMENT REALTY TRUST, INC.
	By	/s/Gorica Adduci
		Gorica Adduci
		Chief Executive Officer

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