SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) off The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 26, 2012
OCEAN ELECTRIC INC.
(Exact name of registrant as specified in charter)
| Nevada | 000-52775 | 20-4076559 |
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
| 112 North Curry Street, Carson City, Nevada | 89703 |
| (Address of principal executive offices) | (Zip Code) |
775-321-8216
Registrant’s telephone number
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:
oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)
oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))
oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))
Item 1.01. Entry into Material Definitive Agreement.
On June 26, 2012, Ocean Electric Inc. (the “Company”) entered into a Loan Agreement with Zenith Equity Group Ltd. (the “Loan Agreement”) providing for a loan of $450,000.00 to the Company (the “Loan”). The Loan Agreement includes customary representations, warranties and covenants. The Loan will accrue simple interest of 3.5% on the outstanding principal amount from the date funds are advanced until paid in full and is due on or before June 27, 2015.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information contained in Item 1.01 above is incorporated herein by reference.
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.
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| OCEAN ELECTRIC INC. |
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| Date: July 3, 2012 | By | /s/ Ricardo Prats |
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| Ricardo Prats, President |
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