InvestorsHub Logo
Followers 22
Posts 976
Boards Moderated 1
Alias Born 01/26/2013

Re: None

Thursday, 04/03/2014 6:31:50 PM

Thursday, April 03, 2014 6:31:50 PM

Post# of 1108
Form 8-K for SUNVAULT ENERGY, INC.

http://biz.yahoo.com/e/140403/svlt8-k.html

3-Apr-2014

Unregistered Sale of Equity Securities, Financial Statements and Exhibits


Item 3.02 Unregistered Sales of Equity Securities

Effective January 15, 2014, we entered into a consulting services agreement with Franzi Tschurtschenthaler wherein Tschurtschenthaler has agreed to act as the chief technical officer of our company. Pursuant to the consulting services agreement, we have agreed to pay to Tschurtschenthaler $10,000 per month.

Effective January 16, 2014, we entered into a management services agreement with 565423 BC Ltd. and Gary Monaghan, wherein through 565423 we have retained the services of Monaghan as president and chief executive officer of our company. Pursuant to the management services agreement, we have agreed to pay $10,000 per month.

Effective April 1, 2014, we entered into and closed a share purchase agreement, with Eco-West Transport Inc., an Alberta, Canada corporation and Trevor Minks, the sole shareholder of Eco-West. Pursuant to the agreement, we have agreed to purchase from Minks 100% of the issued and outstanding shares of Eco-West. As consideration, we have agreed to issue to Minks 3,333,334 shares of our common stock.

Upon completion of the terms of the agreement, Eco-West will become our wholly-owned subsidiary. Eco-West is a transportation (trucking) company that SunVault sees will provide a value add operation to CleanGen of Alberta.

Pursuant to the agreement, 3,333,334 shares of our common stock will be issued to one (1) non-US person (as that term is defined in Regulation S of the Securities Act of 1933) in an offshore transaction relying on Regulation S of the Securities Act of 1933, as amended.



Item 9.01 Financial Statements and Exhibits

10.1 Consulting Services Agreement dated January 15, 2014

10.2 Management Services Agreement dated January 16, 2014

10.3 Share Purchase Agreement dated April 1, 2014.