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EX-10.85 - EXHIBIT 10.85 - Orbital Energy Group, Inc.v388250_ex10-85.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

 

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Date of Report (Date of earliest event reported):

August 28, 2014

 

Commission File Number: 0-29923

 

CUI Global, Inc.

_______________________

 

Colorado 84-1463284
(State or jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)

 

20050 SW 112th Avenue, Tualatin, Oregon 97062
(Address of Principal Executive Offices) (Zip Code)

 

(503) 612-2300

(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 (see General Instruction A.2. below):

 

¨Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a- 12)
¨Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.1 4d-2(b))
¨Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 
 

  

Section 1 - Registrant’s Business and Operations

Item 1.01 Entry into a Material Definitive Agreement.

 

Section 3 - Securities and Trading Markets

Item 3.02(b) Unregistered Sales of Equity Securities.

 

Effective August 28, 2014, the Company entered into a twelve month consulting agreement with Relentless Ventures, LLC (Consultant) whereby Consultant agreed to facilitate and obtain formal acceptance/sponsorship and sales of the Company’s natural gas technologies, including IRIS®, GasPT2, and VE Technology®, through active solicitation with large US pipeline companies with whom Consultant has existing relationships. This performance-based contract provides that throughout the one year term and through the achievement of certain specific milestones, up to two hundred fifty thousand shares of restricted common stock could be issued to Consultant. A copy of the contract is attached hereto.

  

Exhibit

 

Exhibit No. Description
10.85 Services Agreement dated August 28, 2014

 

 

 
 

 

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 thereunto duly authorized.

 

Signed and submitted this 2nd day of September 2014.

 

 

  CUI Global, Inc.  
       
  By: /s/ William J. Clough  
          William J. Clough, President/CEO  

 

 

 
 

  

 

Exhibit No. Description
10.85 Services Agreement dated August 28, 2014