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SENY > SEC Filings for SENY > Form 8-K on 28-May-2013All Recent SEC Filings

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Form 8-K for SAUER ENERGY, INC.


28-May-2013

Entry into a Material Definitive Agreement, Financial Statements and Exhibits


Item 1.01 Entry into a Material Definitive Agreement.

As of May 7, 2013 the Registrant entered into two agreements with Beaufort Ventures PLC, a United Kingdom company ("BVPLC"), 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, BVPLC, after effectiveness of such registration statement, is required to purchase up to $1,500,000 worth of the Registrant's common stock at a price equal to 80% of the market price as determined under the EPA (prior ten trading days). The EPA provides for volume limitations on the amount of shares that BVPLC must purchase at any time and provides that the Registrant will be paid for the common stock upon electronic delivery of the shares to BVPLC. BVPLC 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 7, 2013, between the Registrant and
BVPLC.

10.2

Registration Rights Agreement, dated as of May 7, 2013, between the Registrant and BVPLC.

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