-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, NOJuI9LWWvhjAUtXt+qi2KEnwnuV5x618k1OeS9W5VJpD5Pr1xeEObmuOEcUWj75 q7Qw1euZyXMlt1GVeYfJqg== 0001144204-11-001564.txt : 20110110 0001144204-11-001564.hdr.sgml : 20110110 20110110170849 ACCESSION NUMBER: 0001144204-11-001564 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110105 ITEM INFORMATION: Unregistered Sales of Equity Securities FILED AS OF DATE: 20110110 DATE AS OF CHANGE: 20110110 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VIPER POWERSPORTS INC CENTRAL INDEX KEY: 0001337213 STANDARD INDUSTRIAL CLASSIFICATION: MOTORCYCLES, BICYCLES & PARTS [3751] IRS NUMBER: 000000000 STATE OF INCORPORATION: NV FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-51632 FILM NUMBER: 11520851 BUSINESS ADDRESS: STREET 1: 10895 EXCELSIOR BLVD., STE. 203 CITY: HOPKINS STATE: MN ZIP: 55343 BUSINESS PHONE: 952-938-2481 MAIL ADDRESS: STREET 1: 10895 EXCELSIOR BLVD., STE. 203 CITY: HOPKINS STATE: MN ZIP: 55343 8-K 1 v207776_8k.htm Unassociated Document
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 5, 2011


VIPER POWERSPORTS INC.
(Exact name of registrant as specified in its charter)
 
Nevada
000-51632
41-1200215
(State or other jurisdiction of incorporation or organization)
 (Commission File Number)
 (I.R.S. Employer Identification No.)


10895 Excelsior Blvd., Ste. 203
  
Hopkins, MN
55343
(Address of principal executive offices)
(Zip Code)


Registrant’s telephone number, including area code: (952) 938-2481

Not Applicable
(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 CER 230.425)

·  
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.l4a-12)

·  
Pre-commencement communications pursuant to Rule 1 4d-2(b) under the Exchange Act (17 CFR 240. 14d-2(b))

·  
Pre-commencement communications pursuant to Rule 1 3e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


 
 
 
Item 3.02 Unregistered Sale of Equity Securities

     During 2010, Viper Powersports Inc. (the “Company”) borrowed $500,000 through a short-term loan from an accredited investor from Auburn, Alabama, bearing an interest rate of 12% per annum.  The Company and the lender have now entered into an agreement to satisfy this loan in full through its conversion into 1,000,000 shares of restricted common stock of the Company.  No commissions were involved in this debt conversion, and the issuance of common stock by the Company for this debt was made in reliance upon the exemption from registration set forth in Section 4(2) of the Securities Act of 1933, as amended.

SIGNATURES

Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
               
 
Viper Powersports, Inc.
  
       
Date: January 5, 2011 
By:
/s/ Jerome L. Posey  
    Jerome L. Posey,  
    Chief Financial Officer  
       
 
 
 
 
 -----END PRIVACY-ENHANCED MESSAGE-----