OTC/PINK Breaking Material Events

[funnyG986]

NOVZ 8k. company been quiet for a year

Item 1.01 Entry into a Material Definitive Agreement

On August 1, 2014, the Registrant’s wholly-owned subsidiary, Renegade Engine Company Pty Ltd. (“Renegade”), entered into a written agreement with Stuart Campbell to exchange one stock motorcycle for three utility trucks equipped for traffic control work (the “Asset Exchange”).

The Registrant’s board of directors approved the Asset Exchange after determining that it was fair to and in the best interests of the Registrant. The value of the utility trucks acquired through the Asset Exchange has been estimated by the Registrant’s board of directors as $35,000.00 (AUD$40,000.00) based on replacement value.

There was no material relationship between Mr. Campbell and the Registrant, its subsidiaries or any of its or their directors or officers or any associate of any such directors or officers prior to the Asset Exchange.

The description of the terms and conditions of the Asset Exchange set forth herein does not purport to be complete and is qualified in its entirety by reference to the terms of the Asset Swap Agreement, which is filed as Exhibit 10.1 to this Current Report.

This document is not intended to provide any other factual information about the Registrant. Such information can be found in other public filings the Registrant makes with the Securities and Exchange Commission (the “SEC”), which are available without charge at www.sec.gov.


http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10226643