Attached files
| file | filename |
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| EX-10.1 - Avant Diagnostics, Inc | v199981_ex10-1.htm |
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): October 26, 2010 (October 23,
2010)
American
Liberty Petroleum Corp.
(Exact
Name of Registrant as Specified in its Charter)
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Nevada
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000-54004
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98-0599151
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(State
of Incorporation)
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(Commission
File Number)
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(IRS
Employer Identification No.)
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4900
California Ave., Tower B-210, BAkersfield, CA 93309
(Address
of principal executive offices)
Registrant’s
telephone number, including area
code: (661) 377-2911
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:
|
¨
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
|
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¨
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Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
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¨
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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¨
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
1.01 Entry into a Material Definitive Agreement.
On October 23, 2010, American Liberty
Petroleum Corp., a Nevada corporation (“ALP”), and Desert Discoveries, LLC, a
Nevada limited liability company (“Seller”), entered into a First Amendment to
Option Agreement (the “Amendment”). The Amendment amends that certain
Option Agreement entered into by ALP and Seller on May 11, 2010 (the “Option
Agreement”), in which Seller granted ALP an option to purchase Seller’s interest
in five (5) oil and gas leases covering an aggregate of 9,877.28 acres of land
located in Nye, Esmeralda and Mineral Counties, Nevada, subject to the terms of
the Option Agreement. The material terms of the Option Agreement are
disclosed in the Current Report on Form 8-K filed by ALP on May 17,
2010.
The Option Agreement requires ALP to
deliver $600,000 into an escrow account in three separate payments of $150,000
on or before June 4, 2010, $250,000 on or before October 4, 2010, and $200,000
on or before January 4, 2011. The funds in the escrow account are to
be used exclusively for geological and exploratory work and other expenditures,
as contemplated under the Option Agreement. ALP made the $150,000
deposit previously. The Amendment amends the Option Agreement by
providing that the $250,000 payment will be due on or before November 30,
2010. As a result, ALP is now required to make escrow deposits of
$250,000 on or before November 30, 2010, and $200,000 on or before January 4,
2011. The Amendment is attached to this Current Report on Form 8-K as
Exhibit 10.1.
Item
9.01 Financial Statements and Exhibits.
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(d)
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Exhibits
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10.1
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First
Amendment to Option Agreement dated October 23, 2010, by American Liberty
Petroleum Corp. and Desert Discoveries,
LLC.
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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.
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Date: October
26, 2010
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AMERICAN
LIBERTY PETROLEUM CORP.
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By:
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/s/ Alvaro Vollmers
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President
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