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): January 5, 2011
VIPER
POWERSPORTS INC.
(Exact
name of registrant as specified in its charter)
|
Nevada
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000-51632
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41-1200215
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(State
or other jurisdiction of incorporation or organization)
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(Commission
File Number)
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(I.R.S.
Employer Identification No.)
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10895
Excelsior Blvd., Ste. 203
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|
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Hopkins,
MN
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55343
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code: (952) 938-2481
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:
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·
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Written
communications pursuant to Rule 425
under the Securities Act (17 CER
230.425)
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·
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.l4a-12)
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·
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Pre-commencement
communications pursuant to Rule 1 4d-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 1 3e-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
Concurrent with its pending move of motorcycle production and marketing
operations to Auburn, Alabama, Viper Powersports Inc. in late December 2010
entered into a ten-year lease for facilities in Auburn which include a modern
light industrial building of 68,000 square feet with adjoining parking lots and
grounds of 17 acres. These facilities are leased from the Industrial Development
Board of the City of Auburn, Alabama, which lessor is currently
constructing the facilities to suit the Company’s production, development,
marketing and administrative needs and operations. Lease payments
will commence when the facilities are completed for occupancy by the Company,
and will be $9,500 monthly for the first year, $15,000 monthly for the
second year, and approximately $22,000 monthly for years three through
ten. The Company anticipates undergoing its move to Auburn
during the second quarter of calendar year 2011.
SIGNATURES
Pursuant
to the requirements of the Securities and 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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Viper
Powersports, Inc.
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Date:
January 5, 2011
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By:
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/s/ Jerome L. Posey | |
| Jerome L. Posey, | |||
| Chief Financial Officer | |||