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EX-10.21 - EXHIBIT 10.21 - Q LOTUS HOLDINGS INCv300252_ex10-21.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):  January 24, 2012 (January 18, 2012)

 

 

Q Lotus Holdings, Inc.

(Exact name of registrant as specified in its charter)

 

 

Nevada 000-52595 14-1961383
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification Number)

 
 

500 North Dearborn Street, Suite 605, Chicago, IL 60654

(Address of principal executive offices, including Zip Code)

 

 

 

Registrant's telephone number, including area code:  (312) 379-1800

_________________________________________________

(Former name or former address, if changed since last report.)

 

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:

 

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

 

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

 

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

 

o 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.

 

On January 18, 2012, Q Lotus Holdings, Inc. entered into an amendment (the “Amendment”) to a convertible promissory note dated August 3, 2011 (the “Note”) to Asher Enterprises Inc., a Delaware corporation, in order to amend the calculation of conversion of the Note. No other terms of the Note were amended.

 

The description of the Amendment contained in this Item 1.01 is a summary and is qualified in its entirety by reference to the copy of the Amendment that is attached hereto as an exhibit, and which 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 in Item 1.01 hereof is incorporated herein by reference.

 

Item 9.01  Financial Statements And Exhibits.

 

(c)           Exhibits.

 

10.21 Amendment to Convertible Promissory Note, dated August 3, 2011, between the Registrant and Asher Enterprises Inc., a Delaware corporation.   

 

 
 

 

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 hereunto duly authorized.

 

 

  Q LOTUS HOLDINGS, INC.  
           (Registrant)  
       
Date:  January 24, 2011 By: /s/ Gary A. Rosenberg  
    Gary A. Rosenberg  
    Chief Executive Officer