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) February 3, 2012
SKY HARVEST WINDPOWER CORP.
(Exact name of registrant as specified in its charter)
Nevada 000-52410 N/A
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
890 West Pender Street, Suite 710, Vancouver, BC,
Canada V6C 1J9
(Address of principal executive offices and Zip Code)
Registrant's telephone number, including area code (604) 267-3041
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))
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On February 3, 2012, we entered into an employment agreement with Bertan Atalay
whereby we have retained him to act as President and C.E.O. of Levant Energy
Inc. ("Levant"), a newly formed subsidiary incorporated pursuant to the laws of
British Columbia. We will initially hold a 65% interest in Levant by investing
$500,000 in Levant. The investment is subject to certain conditions, including
our completion of further equity or debt funding in order to finance the
acquisition. Levant intends to use these proceeds to identify and commence
securing proposed natural gas storage sites, in the Republic of Turkey, as well
as starting associated permitting processes.
Mr. Atalay will hold the remaining 35% equity interest in Levant in lieu of
receiving a salary during the first year of his employment agreement.
Thereafter, Mr. Atalay will receive an annual salary of $222,000 (Canadian
funds), as well as salary increases, target bonuses, and stock options in
accordance with the terms of terms of the agreement, which is filed as an
exhibit to this current report.
On February 3, 2012, we entered into a consulting agreement with Bertan Atalay
whereby he will introduce us to potential acquisition and investment
opportunities in the energy sector, as well as any related sectors. If we
complete an acquisition of any interest in any company or assets as a result of
Mr. Atalay introducing us to the investment opportunity, we shall pay him a
success fee equal to 10% of the value of the transaction in shares of our common
stock. Subject to Mr. Atalay's agreement, we may also pay such success fees in
cash, or a combination of shares and cash. If we complete transactions as a
result of Mr. Atalay's introductions to us with an aggregate value of at least
$3,000,000 (U.S. funds), including any concurrent financings, he shall have the
option to cause us to enter into an employment agreement with him, join our
Board of Directors, and be appointed as our President and CEO. The consulting
agreement is filed as an exhibit to this current report.
ITEM 8.01 OTHER EVENTS
We intend to change our name from "Sky Harvest Windpower Corp." to "Sky Harvest
Energy Corp." in order to better reflect the nature of our expanding business
operations.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
10.1 Employment Agreement
10.2 Consulting Agreement
99.1 Press Release dated February 6, 2012
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.
SKY HARVEST WINDPOWER CORP.
/s/ William Iny
---------------------------
William Iny
President
Date: February 6, 2012
2