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)
May
30,
2007
TRULITE,
INC.
(Exact
name of registrant as specified in its charter)
Delaware
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0-51696
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20-1372858
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(State
or Other Jurisdiction
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(Commission
File Number)
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(I.R.S.
Employer
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of
Incorporation)
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Identification
No.)
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5
HOUSTON CENTER
1401
McKINNEY STREET, SUITE 900
HOUSTON,
TX 77010-4035
(Address
of principal executive offices including Zip Code)
(713)
888-0660
(Registrant’s
telephone number, including area code)
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:
o |
Written
communications pursuant to Rule 425 under the Securities Act (17
CFR
230.425)
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o |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR
240.14d-2(b))
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o |
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
May
30, 2007, the Company incurred indebtedness of $240,000 pursuant to the terms
of
a $240,000 promissory note. Under the terms of the promissory note, the Company
borrowed $240,000 from Contango Venture Capital Corporation, the owner of
approximately 6% of the Company’s outstanding common stock. The note bears
interest at a rate of 11.25% through October 22, 2007, at which time the rate
will become the prime rate plus 3%. The note matures on February 19, 2008,
and
may be prepaid by the Company at any time without penalty.
On
May
31, 2007, Trulite, Inc. (the “Company”) incurred indebtedness of $360,000
pursuant to the terms of a $360,000 promissory note. Under the terms of the
promissory note, the Company borrowed $360,000 from Standard Renewable Energy
Group, LLC. The
note
bears interest at a rate of 11.25% through October 22, 2007, at which time
the
rate will become the prime rate plus 3%.
Standard
Renewable Energy Group, LLC, wholly owns NewPoint Energy Solutions, LP, the
owner of approximately 45% of the Company’s outstanding common stock.
The
note
matures on February 19, 2008, and may be prepaid by the Company at any time
without penalty.
Item
2.03.
Creation
of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet
Arrangement
of a Registrant.
As
described under Item 1.01 above, on May 30, 2007,
and May
31, 2007, the Company borrowed
amounts of $240,000 and $360,000, respectively, pursuant to promissory notes.
See Item 1.01 for a description of such borrowing.
Item
9.01. Financial Statements and Exhibits
(d)
Exhibits.
10.72
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Promissory
Note, dated May 30, 2007, made by Trulite, Inc., in favor of Contango
Venture
Capital Corporation.
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10.73 |
Promissory Note, dated May 31, 2007,
made by
Trulite, Inc., in favor of Standard Renewable
Energy Group, LLC. |
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
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TRULITE,
INC.
(Registrant)
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Dated:
June 5, 2007 |
By: |
/s/ G. Wade Stubblefield |
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Name:
G.
Wade Stubblefield
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Title:
Chief
Financial Officer |