Attached files

file filename
EX-10.2 - REGRIGHTSAGREXHIBIT10.2 - SAUER ENERGY, INC.regrightsexhibit102_ex10z2.htm
EX-10.1 - EPA EXHIBIT 10.1 - SAUER ENERGY, INC.epaexhibit101_ex10z1.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): May 10, 2017

 

SAUER ENERGY, INC.

(Exact name of registrant as specified in its charter)

 

 

Nevada

 

 

000-53598

 

 

26-3261559

(State or other jurisdiction of incorporation)

 

(Commission File Number)

 

(IRS Employer Identification No.)

 

 

                       1620 Emerson Avenue, Oxnard, California

 

93033

(Address of principal executive offices)       

 

(Zip Code)

 

(888) 829-8748

Registrant’s telephone number, including area code

NA

 (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 (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))

 

 

1


 

 

 

 

Item 1.01 Entry into a Material Definitive Agreement.

 

On May 10, 2017 the Registrant entered into two agreements, dated as of May 9, 2017, with East Six Opportunity Fund, LLC, a Delaware limited liability company (“East Six”), an Equity Purchase Agreement (the “EPA”) and a Registration Rights Agreement (the “RRA”).  The two agreements are filed as exhibits to this report and the following summary is qualified in its entirety by reference to such exhibits.

 

 The agreements require the Registrant to file a registration statement for the common stock underlying the EPA. Subject to various limitations set forth in the EPA, East Six, after effectiveness of such registration statement, is required to purchase up to $3,000,000 worth of the Registrant’s common stock at a price equal to 72% of the market price as determined under the EPA (during the prior ten trading days).  The EPA provides for volume limitations on the amount of shares that East Six must purchase at any time and provides that the Registrant will be paid for the common stock upon electronic delivery of the shares to East Six.  East Six is bearing the attorney fees relating to the Registration Statement and is not charging the Registrant any additional fees.  

 

 Any funds realized through the EPA will be used by the Registrant as working capital for its operations. 

 

Item 9.01   Financial Statements and Exhibits

 

Financial Information

 

None

 

Exhibits:

 

10.1 Equity Purchase Agreement, dated as of May 9, 2017 between the Registrant and East Six. 

 

10.2 Registration Rights Agreement, dated as of May 9, 2017, between the Registrant and East Six. 

 

 

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.

 

 

SAUER ENERGY, INC.

 

May 12, 2017

 

By: /s/ Dieter R. Sauer, Jr.

 

Dieter R. Sauer, Jr.

Director and President