SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13D
The
Securities Exchange Act of 1934
QuikByte
Software, Inc.
(Name
of
Issuer)
Common
Stock, $0.0001 Par Value
(Title
Class of Securities)
74838
K306
(CUSIP
Number)
KI
Equity Partners V, LLC
5251
DTC Parkway, Suite 1090
Greenwood
Village, CO 80111
(720)
889-0131
(Name,
Address and Telephone Number of Person
Authorized
to Receive Notices and Communications)
March
23, 2007
(Date
of
Event Which Requires Filing of This Statement)
(1)
Name of Reporting Person / I.R.S. Identification
Number
|
KI
Equity Partners V, LLC/72-1613294
|
(2) Check the
appropriate box if may be deemed member of a group |
(a)
N/A
|
|
(b)
Reporting Person disclaims being member of a group relating to
Issuer
|
(3)
SEC use only
|
|
(4)
Source of funds (see instructions)
|
WC
|
(5)
Check if disclosure of legal proceedings is required pursuant to
Items
2(d) or 2(e).
|
N/A
|
(6)
Citizenship or place of organization
|
Delaware
|
Number
of shares beneficially owned by Reporting Person with:
|
|
(7) Sole
voting power |
67,500,000
|
(8) Shared
voting power |
0
|
(9) Sole
dispositive power |
67,500,000
|
(10)
Shared dispositive power
|
0
|
(11)
Aggregate amount beneficially owned by Reporting Person
|
67,500,000
|
(12)
Check if the aggregate amount in Row (11) excludes certain shares
(see
instructions)
|
N/A
|
(13)
Percent of class represented by amount in Row (11)
|
85.12%
|
(14)
Type of reporting person (see instructions)
|
OO
- Limited Liability Company
|
Item
1. Security and Issuer.
|
|
(a)
Title of Class:
|
Common
Stock
|
(b)
Name and Address of Issuer:
|
QuikByte
Software, Inc.
936A
Beachland Boulevard, Suite 13
Vero
Beach, Florida 32963
|
(c)
Trading Symbol:
|
QBYT
|
Item
2. Identity and Background of the Reporting
Entity.
|
|
(a)
Name:
|
KI
Equity Partners V, LLC
|
(b)
Business Address:
|
5251
DTC Parkway, Suite 1090
Greenwood
Village, CO 80111
|
(c)
Occupation:
|
Institutional
Investor
|
(d)
Conviction:
|
N/A
|
(e)
Civil Proceedings:
|
N/A
|
(f)
State of Incorporation:
|
Delaware
|
Item
3. Source and Amount of Funds or Other Consideration.
The
Reporting Entity, on March 23, 2007, acquired 60,000,000 shares of the Issuer's
Common Stock from the Issuer for an aggregate purchase price of $600,000. The
Issuer and the Reporting Entity entered into a certain registration rights
agreement with respect to the 60,000,000 shares issued by the Issuer, a copy
of
which has been filed as an exhibit on a Current Report on Form 8-K filed by
the
Issuer on March 23, 2007.
On
March
26, 2007, the Reporting Entity also acquired 7,5000,000 shares of the Issuer's
Common Stock from the Issuer for a purchase price of $75,000. The Issuer and
the
Reporting Entity entered into a certain registration rights agreement with
respect these shares.
The
funds
used for both of these purchases have been provided from the Reporting Entity's
working capital.
Item
4. Purpose of Transaction.
Reporting
Person is making these purchases of Issuer’s Common Shares for investment
purposes only. The Reporting Person is not a member of a group
relating to the Issuer.
Other
than as described in this Schedule 13D, the Reporting Person is not aware of
any
plans or proposals which would result in the acquisition by any person of
additional securities of Issuer or the disposition of securities of the Issuer;
any extraordinary corporate transaction, such as a merger, reorganization or
liquidation, involving the Issuer or any of its subsidiaries; a sale or transfer
of a material amount of assets of the Issuer or any of its subsidiaries; any
change in the present board of directors or management of the Issuer, including
any place or proposals to change the number or term of directors or to
fill any existing vacancies on the Issuer’s Board; any material change in the
present capitalization or dividend policy of the Issuer; any other material
change in the Issuer’s business or corporate structure; any changes in Issuer’s
charter, bylaws or instruments corresponding thereto or other actions which
may
impede the acquisition of control of the Issuer by any person; causing a class
of securities of the Issuer to be delisted from national securities exchange
or
to cease to be authorized to be quoted in an inter-dealer quotation system
of a
registered national securities association; a class
of
equity securities of the Issuer becoming eligible for termination of
registration pursuant to section 12(g)(4) of the Act; or any action similar
to
any of those enumerated above.
Item
5. Interest in Securities of the Issuer.
(a)
Aggregate Number and %: 67,500,000 shares of common stock representing
85.12% of the total 79,302,460 outstanding shares of common stock of the Issuer.
(b)
Power
to Vote or Dispose of Issuer’s Shares: 67,500,000 shares of common stock,
power over which to vote or dispose of resides with the Reporting
Person.
(c)
Transactions Within Prior 60 Days: No transactions have been effected
between the Issuer and the Reporting Person beyond those described in Items
3
and 4 specifically and this Schedule 13D generally. Information contained in
Items 3 and 4 above is hereby incorporated by reference.
Item
6. Contracts, Arrangements, Understanding or Relationships With Respect to
Securities of the Issuer.
Other
than as discussed herein, there are no contracts, arrangements, understandings
or relationships between the Issuer and the Reporting Person not described
herein.
Item
7. Material to be Filed as Exhibits.
None
Signature
After
reasonable inquiry and to the best of my knowledge and belief, the undersigned
certifies he is Timothy J. Keating, the duly authorized and acting manager
of
the Reporting Person, and that the information set forth in this Schedule 13D
is
true, complete and correct.
Dated:
March 26, 2007
|
/s/
Timothy J. Keating
Timothy
J. Keating
|