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EX-10.1 - ASSIGNMENT FROM ASHER ENTERPRISES, INC. TO PROTEUS CAPITAL, LLC - ECOLOCAP SOLUTIONS INC.exh10-1.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)
December 15, 2014 (November 19, 2014)

ECOLOCAP SOLUTIONS INC.
(Exact name of registrant as specified in its charter)

NEVADA
(State or other jurisdiction of incorporation)

000-52256
(Commission File No.)

1250 S. Grove Avenue, Suite 308
Barrington, Illinois   60010
(Address of principal executive offices and Zip Code)

(866) 479-7041
(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 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 240.14d-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 November 19, 2014, we entered into an Assignment Agreement with Asher Enterprises, Inc., a Delaware corporation (Asher") and Proteus Capital, LLC, a Utah Limited Liability Company ("Proteus") whereby it was agreed that Asher would assign to Proteus all of its right, title and interest in and to an 8% Convertible Promissory Note, dated as of October 21, 2013 made between us and Asher in the original principal sum of $32,000.00.  The consideration for the assignment aforesaid was $25,000.00 paid to Asher.  On November 19, 2014, the assignment was complete and all right, title and interest to the 8% Convertible Promissory Note was transferred from Asher to Proteus.


ITEM 9.01                          FINANCIAL STATEMENTS AND EXHIBITS.

Exhibit
Document Description
   
10.1
Assignment from Asher Enterprises, Inc. to Proteus Capital, LLC





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.

Dated this 16th day of December 2014.

 
ECOLOCAP SOLUTIONS INC.
     
 
BY:
MICHAEL SIEGEL
   
Michael Siegel
   
Principal Executive Officer



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