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EX-10 - 10.1 CONSULTING AGREEMENT - PARALLAX HEALTH SCIENCES, INC.endeavor8k022311ex101.htm

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 21, 2011


ENDEAVOR POWER CORP.

(Exact name of registrant as specified in its charter)

 

 

 

 

Nevada

000-52534

72-1619357

(State or other jurisdiction

(Commission File Number)

(IRS Employer

of Incorporation)

 

Identification Number)


317 E Penn Ave

Robesonia, PA 19551

(Address of principal executive offices)


Telephone (877) 285-5359

(Registrant’s telephone number)


with a copy to:

Carrillo, Huettel & Zouvas, LLP

3033 Fifth Ave. Suite 400

San Diego, CA 92103

Telephone (619) 546-6100

Facsimile (619) 546-6060


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:

 

      .    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

      .    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

      .    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

      .    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))






Item 1.01

  Entry Into A Material Definitive Agreement


Consulting Agreement with The Musser Group, LLC


On February 21, 2011, Endeavor Power Corp., a Nevada Corporation (the “Company”) entered into that certain Consulting Agreement (the “Consulting Agreement”) with The Musser Group, LLC, a Pennsylvania Limited Liability Company (“Musser Group”), pursuant to which Musser Group will provide the Company with strategic business consulting and venture services.  Musser Group shall provide such services to the Company in exchange for ten million (10,000,000) fully paid shares of the Company’s restricted stock.


The foregoing summary description of the terms of the Consulting Agreement may not contain all information that is of interest. For further information regarding the terms and conditions of the Consulting Agreement, reference is made to such agreement, which is filed as Exhibit 10.1 hereto, and is incorporated herein by reference.


Item 2.03

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

 

The information set forth above in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference into this Item 2.03.

 

Item 3.02

Unregistered Sales of Equity Securities.


The information set forth above in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference into this Item 3.02.


Exemption From Registration. The shares of Common Stock referenced herein were issued in reliance upon the exemption from securities registration afforded by the provisions of Section 4(2) of the Securities Act of 1933, as amended, (“Securities Act”), and/or Regulation D, as promulgated by the U.S. Securities and Exchange Commission under the Securities Act, based upon the following: (a) each of the persons to whom the shares of Common Stock were issued (each such person, an “Investor”) confirmed to the Company that it or he is an “accredited investor,” as defined in Rule 501 of Regulation D promulgated under the Securities Act and has such background, education and experience in financial and business matters as to be able to evaluate the merits and risks of an investment in the securities, (b) there was no public offering or general solicitation with respect to the offering of such shares, (c) each Investor was provided with certain disclosure materials and all other information requested with respect to the Company, (d) each Investor acknowledged that all securities being purchased were being purchased for investment intent and were “restricted securities” for purposes of the Securities Act, and agreed to transfer such securities only in a transaction registered under the Securities Act or exempt from registration under the Securities Act and (e) a legend has been, or will be, placed on the certificates representing each such security stating that it was restricted and could only be transferred if subsequently registered under the Securities Act or transferred in a transaction exempt from registration under the Securities Act.


Item 9.01 Financial Statements and Exhibits


(d) Exhibits


10.1

Consulting Agreement between the Company and The Musser Group, LLC dated February 21, 2011.







SIGNATURES


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 thereunto duly authorized.


Date:   

February 23, 2011

Endeavor Power Corp.


By:  /s/ Alfonso Knoll        

Alfonso Knoll

Chief Executive Officer