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<P STYLE="font: 18pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 18pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>WASHINGTON, D.C. 20549</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 18pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Date of Report (Date of Earliest Event
Reported):&nbsp;&nbsp;February 7, 2012 (January 26, 2012)</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 18pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Q Lotus Holdings, Inc.</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">(Exact name of registrant as specified
in its charter)</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; background-color: white">
<TR>
    <TD STYLE="width: 34%; line-height: 115%; text-align: center">Nevada</TD>
    <TD STYLE="width: 33%; line-height: 115%; text-align: center">000-52595</TD>
    <TD STYLE="width: 33%; line-height: 115%; text-align: center">14-1961383</TD></TR>
<TR>
    <TD STYLE="line-height: 115%; text-align: center">(State or other jurisdiction of</TD>
    <TD STYLE="line-height: 115%; text-align: center">(Commission</TD>
    <TD STYLE="line-height: 115%; text-align: center">(I.R.S. Employer</TD></TR>
<TR>
    <TD STYLE="line-height: 115%; text-align: center">incorporation or organization)</TD>
    <TD STYLE="line-height: 115%; text-align: center">File Number)</TD>
    <TD STYLE="line-height: 115%; text-align: center">Identification Number)</TD></TR>
</TABLE>
<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;<BR>
<FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">500 North Dearborn Street, Suite 605,
Chicago, IL 60654</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">(Address of principal executive offices,
including Zip Code)</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">Registrant's telephone number, including
area code:&nbsp;&nbsp;(312) 379-1800</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">_________________________________________________</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">(Former name or former address, if changed
since last report.)</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">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:</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Wingdings">o </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Wingdings">o </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Wingdings">o </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Wingdings">o </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></P>

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<P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 84px; line-height: 115%; font-weight: bold">Item 1.01&nbsp;</TD>
    <TD STYLE="line-height: 115%; font-weight: bold">Entry into a Material Definitive Agreement.</TD></TR>
</TABLE>
<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">The information set forth in Item&nbsp;2.01 of this Current
Report on Form 8-K that relates to the entry into material definitive agreements is incorporated by reference into this Item&nbsp;1.01.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 84px; line-height: 115%; font-weight: bold">Item&nbsp;2.01.</TD>
    <TD STYLE="font-weight: bold">Completion of Acquisition or Disposition of Assets.</TD></TR>
</TABLE>
<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 18.35pt 0 0">On January 26, 2012, Midwest Business Credit,
Inc. (&ldquo;MBC Inc&rdquo;), a wholly owned subsidiary of Q<FONT STYLE="letter-spacing: -0.05pt"> L</FONT><FONT STYLE="letter-spacing: 0.05pt">o</FONT>t<FONT STYLE="letter-spacing: 0.05pt">u</FONT>s
<FONT STYLE="letter-spacing: -0.15pt">H</FONT><FONT STYLE="letter-spacing: -0.05pt">o</FONT>l<FONT STYLE="letter-spacing: 0.05pt">di</FONT><FONT STYLE="letter-spacing: -0.05pt">n</FONT><FONT STYLE="letter-spacing: 0.05pt">gs</FONT>,<FONT STYLE="letter-spacing: -0.05pt">
I</FONT><FONT STYLE="letter-spacing: 0.05pt">n</FONT>c.<FONT STYLE="letter-spacing: -0.05pt"> </FONT>(&ldquo;Q Lotus&rdquo;) concluded
a definitive agreement for the purchase of the assets and the business of Midwest Business Credit LLC (&ldquo;MBC LLC&rdquo;).
The closing of the transaction shall take place on or before February 15, 2012.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 18.35pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 18.35pt 0 0">Pursuant to the definitive agreement, MBC Inc.
will be purchasing all of the MBC LLC assets and loan portfolio for approximately $7.8 million dollars.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 18.35pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 18.35pt 0 0">MBC LLC is an asset based lending company which
provides secured financing to companies, which are typically deprived of working capital from traditional financial institutions.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 18.35pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 18.35pt 0 0">A copy of the Asset Purchase Agreement is filed
as Exhibit 10.27 to this Current Report on Form 8-K and is incorporated herein by reference.<BR>
<BR>
A copy of the press release announcing the transaction is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated
herein by reference.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 84px; line-height: 115%; font-weight: bold">Item 9.01&nbsp;</TD>
    <TD STYLE="line-height: 115%; font-weight: bold">Financial Statements And Exhibits.</TD></TR>
</TABLE>
<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibits.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">10.27&#9;Asset Purchase Agreement, dated January 26, 2012,
between MW Business Credit, LLC f/k/a Midwest Business Credit, LLC, a Nevada limited liability company, and Midwest Business Credit,
Inc., a Delaware corporation, a wholly owned <FONT STYLE="font-size: 10pt">subsidiary of Q<FONT STYLE="letter-spacing: -0.05pt">
L</FONT><FONT STYLE="letter-spacing: 0.05pt">o</FONT>t<FONT STYLE="letter-spacing: 0.05pt">u</FONT>s <FONT STYLE="letter-spacing: -0.15pt">H</FONT><FONT STYLE="letter-spacing: -0.05pt">o</FONT>l<FONT STYLE="letter-spacing: 0.05pt">di</FONT><FONT STYLE="letter-spacing: -0.05pt">n</FONT><FONT STYLE="letter-spacing: 0.05pt">gs</FONT>,<FONT STYLE="letter-spacing: -0.05pt">
I</FONT><FONT STYLE="letter-spacing: 0.05pt">n</FONT>c.</FONT></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">99.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">
Press Release dated February&nbsp;2, 2012.</FONT></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">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.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="line-height: 115%; text-decoration: underline">Q LOTUS HOLDINGS, INC.</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-left: 9pt; line-height: 115%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Registrant)</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; line-height: 115%">&nbsp;</TD>
    <TD STYLE="width: 3%; line-height: 115%">&nbsp;</TD>
    <TD STYLE="width: 35%; line-height: 115%">&nbsp;</TD>
    <TD STYLE="width: 12%; line-height: 115%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: white 3pt solid; line-height: 115%">Date:&nbsp;&nbsp;February 7, 2011</TD>
    <TD STYLE="border-bottom: white 3pt solid; line-height: 115%">By:</TD>
    <TD NOWRAP STYLE="border-bottom: black 1.5pt solid">/s/ Gary A. Rosenberg&nbsp;</TD>
    <TD STYLE="border-bottom: white 3pt solid; line-height: 115%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; line-height: 115%">&nbsp;</TD>
    <TD NOWRAP STYLE="vertical-align: bottom; line-height: 115%">Gary A. Rosenberg</TD>
    <TD STYLE="vertical-align: top; line-height: 115%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; line-height: 115%">Chief Executive Officer</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt">&nbsp;</P>

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{"company-data": {"conformed-name": "Q LOTUS HOLDINGS INC", "cik": "0001391142", "assigned-sic": "7389", "irs-number": "141961383", "state-of-incorporation": "NV", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-52955", "film-number": "12575898"}, "business-address": {"street1": "500 NORTH DEARBORN STREET SUITE 605", "city": "CHICAGO", "state": "IL", "zip": "60654", "phone": "312 379-1800"}, "mail-address": {"street1": "500 NORTH DEARBORN STREET SUITE 605", "city": "CHICAGO", "state": "IL", "zip": "60654"}, "former-company": [{"former-conformed-name": "Extreme Home Staging Inc", "date-changed": "20071022"}, {"former-conformed-name": "Extreme Home Straging Inc", "date-changed": "20070226"}]}
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 7, 2012 (January 26, 2012)
Q Lotus Holdings, Inc.
(Exact name of registrant as specified
in its charter)
Nevada
000-52595
14-1961383
(State or other jurisdiction of
(Commission
(I.R.S. Employer
incorporation or organization)
File Number)
Identification Number)
500 North Dearborn Street, Suite 605,
Chicago, IL 60654
(Address of principal executive offices,
including Zip Code)
Registrant's telephone number, including
area code:  (312) 379-1800
_________________________________________________
(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)
o
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
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.
The information set forth in Item 2.01 of this Current
Report on Form 8-K that relates to the entry into material definitive agreements is incorporated by reference into this Item 1.01.
Item 2.01.
Completion of Acquisition or Disposition of Assets.
On January 26, 2012, Midwest Business Credit,
Inc. ("MBC Inc"), a wholly owned subsidiary of Q
L
o
t
u
s
H
o
l
di
n
gs
,
I
n
c.
("Q Lotus") concluded
a definitive agreement for the purchase of the assets and the business of Midwest Business Credit LLC ("MBC LLC").
The closing of the transaction shall take place on or before February 15, 2012.
Pursuant to the definitive agreement, MBC Inc.
will be purchasing all of the MBC LLC assets and loan portfolio for approximately $7.8 million dollars.
MBC LLC is an asset based lending company which
provides secured financing to companies, which are typically deprived of working capital from traditional financial institutions.
A copy of the Asset Purchase Agreement is filed
as Exhibit 10.27 to this Current Report on Form 8-K and is incorporated herein by reference.
A copy of the press release announcing the transaction is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated
herein by reference.
Item 9.01
Financial Statements And Exhibits.
(d)           Exhibits.
10.27	Asset Purchase Agreement, dated January 26, 2012,
between MW Business Credit, LLC f/k/a Midwest Business Credit, LLC, a Nevada limited liability company, and Midwest Business Credit,
Inc., a Delaware corporation, a wholly owned
subsidiary of Q
L
o
t
u
s
H
o
l
di
n
gs
,
I
n
c.
99.1
Press Release dated February 2, 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.
Q LOTUS HOLDINGS, INC.
(Registrant)
Date:  February 7, 2011
By:
/s/ Gary A. Rosenberg
Gary A. Rosenberg
Chief Executive Officer