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EX-10.1 - CONSULTING, CONFIDENTIALITY AND PROPRIETARY RIGHTS AGREEMENT BETWEEN STEVEN BARBEE AND DIGIPATH, INC. DATED FEBRUARY 15, 2012 - Digipath, Inc.exhibit10_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)

February 15, 2012

____________________________

DigiPath, Inc.

(Exact name of registrant as specified in charter)

Nevada

(State or other Jurisdiction of Incorporation or Organization)

 

000-54239

(Commission File Number)

 

27-3601979

(IRS Employer Identification No.)

 

1328 West Balboa Boulevard Suite C

Newport Beach, CA 92661

(Address of Principal Executive Offices and zip code)

 

 

(702) 527-2060

(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 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(b) under the Exchange Act (17 CFR 240.14a-12(b))

[ ] 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))

 
 

 

Item 1.01 Entry into a Material Definitive Agreement.

 

On February 15, 2012, the Registrant and Steven Barbee entered into a Consulting, Confidentiality and Proprietary Rights Agreement pursuant to which the Registrant engaged Mr. Barbee to serve as Vice President of Sales and Marketing.  Mr. Barbee shall receive a $5,000 per month plus $500 per month as a reimbursement for medical insurance. These amounts shall be accrued until such time as the company has a positive net income and positive cash flow in consideration of the services described above. A copy of the Consulting, Confidentiality and Proprietary Rights Agreement is attached to this Current Report on Form 8-K as Exhibit 10.1 and is incorporated herein by reference.

 

Item 9.01 Financial Statements and Exhibits.

 

(a)   Financial statements of business acquired. None.

 

(b)   Pro forma financial information. None.

 

(c)   Shell company transactions. Not applicable.

 

(d)   Exhibits.

 

  10.1 Consulting, Confidentiality and Proprietary Rights Agreement between Steven Barbee and DigiPath, Inc. dated February 15, 2012.

 

 
 

 

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.

DigiPath, Inc.

Date: February 17, 2012 By: /s/ ERIC STOPPENHAGEN

Eric Stoppenhagen

President