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SVLT > SEC Filings for SVLT > Form 8-K on 18-Feb-2014All Recent SEC Filings

Show all filings for SUNVAULT ENERGY, INC.



Entry into a Material Definitive Agreement, Unregistered Sale of Equity Sec

Item 1.01 Entry into Material Definitive Agreement

Effective February 14, 2014, we entered into a debt settlement and subscription agreement wherein a creditor has agreed to accept 350,000 shares of our common stock at a deemed price of $0.10 per share as settlement of debt owed in the amount of $35,000.

Item 3.02 Unregistered Sales of Equity Securities

On February 14, 2014, we issued 350,000 shares of our common stock at a deemed price of $0.10 pursuant to the debt settlement and subscription agreement referred to above.

We issued the 350,000 shares of common stock to one (1) US person, relying on Rule 506 under Regulation D and/or Section 4(2) of the Securities Act of 1933.

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