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EX-10 - EQUIPMENT SALE AND PURCHASE AGREEMENT - Oakridge Global Energy Solutions, Inc.ormedoeequipmentpurchaseands.htm

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20509


FORM 8-K


CURRENT REPORT


Pursuant to Section 13 or 15(d) of the Securities Exchange Act


November 30, 2012

Date of Report

(Date of Earliest Event Reported)


OAK RIDGE MICRO-ENERGY, INC.

 (Exact Name of Registrant as Specified in its Charter)


COLORADO

000-50032

94-3431032

(State or other jurisdiction of incorporation(

(Commission File No.)

(IRS Employer I.D. No.)


3046 E. Brighton Place

Salt Lake City, Utah 84121

(Address of Principal Executive Offices)


801-201-7635

Registrant’s Telephone Number


N/A

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:


[ ] 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))



  

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Item 1.01  Entry into a Material Definitive Agreement.


On November 30, 2012, Oak Ridge Micro-Energy, Inc. (“we,” “our,” “us” or words of similar import), entered into an Equipment Purchase and Sale Agreement (the “Agreement”) with Planar Energy Devices, Inc., a Delaware corporation (“Planar”), whereby we agreed to purchase all of the equipment listed in Exhibit A to the Agreement for $400,000, which sum was provided by our recently acquired wholly-owned subsidiary, Carbon Strategic Pte Ltd, a corporation organized under the laws of Singapore.  These funds were advanced to us by Newmark Investment Limited, a Hong Kong corporation and our largest stockholder; Newmark presently owns 92% of our outstanding voting securities.  See Exhibit 10.1 to this Current Report in Item 9.01.


The Agreement contained customary representations and warranties of the parties.  The equipment was sold “as is” and “where is,” and we are required to remove and relocate the equipment to our leased facilities in the Melbourne, Florida.


This equipment will be utilized in our thin film-battery facility in Melbourne, Florida, where we will conduct further research and development of our thin-film battery technology, including further development of our manufacturing process for our thin-film batteries.  This purchase follows an October 31, 2012, purchase of other equipment from Planar.  For additional information on that purchase, see our 8-K Current Report dated October 31, 2012, which was filed with the Securities and Exchange Commission on November 6, 2012.


The foregoing summary is modified in its entirety to the reference to Exhibit 10.1 in Item 9.01.


Item 2.01  Completion of Acquisition or Disposition of Assets.


See Item 1.01.


Item 9.01  Financial Statements and Exhibits.


(c)

Exhibits


10.1

Equipment Sale and Purchase Agreement

Exhibit A – Equipment List

Exhibit B – Bill of Sale


SIGNATURES


Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this Current Report to be signed on its behalf by the undersigned hereunto duly authorized.


OAK RIDGE MICRO-ENERGY, INC., a Colorado

corporation


Date:  December 5, 2012

Jeffrey J. Flood

Jeffrey J. Flood, President and CEO





  

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