Attached files
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| EX-99.1 - Imperial Resources, Inc. | v172778_ex99-1.htm |
UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date
of report (Date of earliest event reported): February 1,
2010
IMPERIAL
RESOURCES, INC.
(Exact
Name of Registrant as Specified in Charter)
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Nevada
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000-53332
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83-0512922
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(State
or other jurisdiction
of
incorporation)
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(Commission
File Number)
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(IRS
Employer
Identification
No.)
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Payyappilly
House, Thiruthipuram, P.O.,
Kottapuram
Via., 680667 – Ernakulam Dt. Kerala,
India
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680667
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(Address
of Principal Executive Offices)
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(Zip
Code)
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Registrant’s
telephone number, including area
code: 011-91-484-248-6928
Former
name or Former Address, if Changed Since Last Report: N/A
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
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¨
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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¨
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
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¨
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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¨
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Section
8 – Other Events
Item
8.01 Other Events
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(a)
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On
January 19, 2010, the wholly-owned subsidiary of Imperial Resources, Inc.,
Imperial Oil and Gas, Inc. a Delaware corporation (“Imperial Oil”) and
Mara Energy, LLC, a Delaware corporation (“Mara”) entered into a Net
Profits Agreement (the “Agreement”) whereby Imperial and Mara agreed to
share profits from certain mutually beneficial oil and gas exploration and
development opportunities in Canada and the continental United States (the
“Prospects”). Pursuant to the Agreement, Imperial granted Mara
an interest in the Prospects by way of a Net Profits
Interest. The Net Profits Interest is an interest in the
Prospects that entitles Imperial to receive a monthly amount equal to 50%
of the Net Proceeds resulting from the sale of petroleum substances
obtained from the Prospects. GNP Resources Ltd., a company
wholly-owned by Imperial’s President and director, Grant Twanow, owns a
20% interest in Mara. The Agreement is attached to this report
as Exhibit 99.1. The foregoing statement is not intended to be a complete
description of all terms and
conditions.
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Section
9 – Financial Statements and Exhibits
Item
9.01 Financial
Statements and Exhibits.
(d) Exhibits.
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Exhibit
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No.
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Description
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99.1
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Net
Profits Agreement
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2
SIGNATURE
Pursuant to the requirements of the
Securities Exchange Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned hereunto duly
authorized.
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IMPERIAL
RESOURCES, INC.
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Date:
February 1, 2010
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By:
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/s/
James Payyappilly
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James
Payyappilly
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Chief
Executive Officer,
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President
and
Director
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