Applied Wellness Corp. (fka AWLL)

[MWM]

I added some here at .006 it looks good...

NWLS 8-K/A : Entry Into a Material Definitive Agreement.

On January 14, 2008, the Company executed and closed an agreement to purchase all the outstanding shares of EBR Wellness Products, Inc from Energy Balance Resources, Inc. The purchase price for all the outstanding shares of EBR Wellness Products Inc, is 11,250,000 shares of common stock with earn out provisions providing for the issuance of an additional 33,750,000 shares of common stock over a period of 24 months.

On January 14, 2008, the company entered into a registration rights agreement with Dr. Richard Amy, the majority shareholder of Energy Balance Resources which provides for piggyback registration rights of the securities issued in connection with the acquisition of EBR Wellness Products, Inc.

Item 2.01
Financial Information

See Item 1.01 for discussion of acquisition

Item 5.02.
Departure of Directors or Principal Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(a) On January 14, 2008, New Life Scientific, Inc. (the “Company”) appoints Dr Richard Amy as president and director

(b) On January 14, 2008, New Life Scientific, Inc. (the “Company”) was informed by Wieslaw Bochenek that he had resigned as a Chief Scientific Officer and director of the Company effective July 7, 2007. Mr. Bochenek is staying as an advisor to the Company.

(c) On January 15, 2008, the Company entered into an agreement under which it has issued 1,000,000 shares of preferred stock to Henry Val, a director of the Company in repayment of $7,000 previously advanced to the Company.

Item 8.01
Other Events

In connection with the acquisition of all the outstanding shares of EBR Wellness Products, Inc., the Company is changing the address of its headquarters to 7710 Balboa Ave, Suite #323, San Diego, CA 92111.

http://www.4ebr.com/