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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B></P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of Report (Date of earliest event reported):
July 12, 2012</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>FLUX POWER HOLDINGS, INC.</U></B></P>

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

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

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

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    <TD STYLE="width: 34%; padding-right: 0; font-size: 10pt; text-align: center; padding-left: 0"><B><U>Nevada<BR>
</U></B>(State or Other Jurisdiction of<BR>
Incorporation)</TD>
    <TD STYLE="width: 3%; padding-right: 0; font-size: 10pt; padding-left: 0">&nbsp;</TD>
    <TD STYLE="width: 30%; padding-right: 0; font-size: 10pt; text-align: center; padding-left: 0"><B><U>000-25909<BR>
</U></B>(Commission File Number)</TD>
    <TD STYLE="width: 3%; padding-right: 0; font-size: 10pt; padding-left: 0">&nbsp;</TD>
    <TD STYLE="width: 30%; padding-right: 0; padding-left: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.8pt 0pt 0; text-align: center"><B><U>86-0931332</U></B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.8pt 0pt 0; text-align: center">(IRS Employer<BR>
        Identification No.)</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 51%; padding-right: 0; font-size: 10pt; font-weight: bold; text-align: center; padding-left: 0">&nbsp;</TD>
    <TD STYLE="width: 2%; padding-right: 0; font-size: 10pt; font-weight: bold; text-align: center; padding-left: 0">&nbsp;</TD>
    <TD STYLE="width: 47%; padding-right: 0; font-size: 10pt; font-weight: bold; padding-left: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.8pt 0pt 0; text-align: center"><BR STYLE="mso-special-character: line-break">
        <BR STYLE="mso-special-character: line-break">
        </P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.8pt 0pt 0; text-align: center"><B><U>2240 Auto Park Way, Escondido,
        California</U></B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.8pt 0pt 0; text-align: center; text-indent: 0.5in">(Address of
        Principal Executive Offices)</P></TD>
    <TD STYLE="padding-right: 0; font-size: 10pt; padding-left: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.8pt 0pt 0; text-align: center">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.8pt 0pt 0; text-align: center"><B>&nbsp;</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.8pt 0pt 0; text-align: center"><B><U>92029</U></B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.8pt 0pt 0; text-align: center">(Zip Code)</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>877-505-3589</U></B></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 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 (see General Instruction
A.2. below):</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-indent: -27pt"> <FONT STYLE="font-family: Wingdings 2">&#163;</FONT>&nbsp;&nbsp;Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-indent: -27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-indent: -27pt"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT>&nbsp;&nbsp;Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-indent: -27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-indent: -27pt"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT>&nbsp;&nbsp;Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-indent: -27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-indent: -27pt"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT>&nbsp;&nbsp;Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 1.01 Entry Into A Definitive Agreement.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On July 12, 2012, in connection with the
appointment of Messrs. Michael Johnson and James Gevarges, as our  directors, as further described in Item 5.02 of this Current
Report on Form 8-K (&ldquo;Form 8-K&rdquo;), we entered into a standard form of indemnification agreement (&ldquo;Indemnification
 Agreement&rdquo;) with each of them (each, an &ldquo;Indemnitee&rdquo;).Pursuant to and subject to the terms,  conditions
and limitations set forth in the Indemnification Agreement, we agreed to indemnify  each Indemnitee, against any and all expenses
incurred in connection with the Indemnitee&rsquo;s  service as our officer, director and or agent, or is or was serving at
our request as a director,  officer, employee, agent or advisor of another corporation, partnership, joint venture, trust,
 limited liability company, or other entity or enterprise but only if the Indemnitee acted in good  faith and in a manner
he reasonably believed to be in or not opposed to our best interest, and in  the case of a criminal proceeding, had no reasonable
cause to believe that his conduct was  unlawful. In addition, the indemnification provided in the indemnification agreement
is  applicable whether or not negligence or gross negligence of the Indemnitee is alleged or proven.  Additionally, the
Indemnification Agreement establishes processes and procedures for  indemnification claims, advancement of expenses and costs
and contribution obligations. </P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 5.02 Departure of Directors or Certain Officers; Election
of Directors&rsquo; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">As previously reported on Current Report
on Form 8-K filed with the Securities and Exchange Commission  on June 18, 2012, on June 14, 2012, Flux Power Holdings, Inc.
acquired 100% of the issued and outstanding  capital stock of Flux Power, Inc., a California corporation (&ldquo;Flux Power&rdquo;),
in exchange for 37,714,514 shares of  our common stock (the &ldquo;Reverse Acquisition&rdquo;), which constituted approximately
91% of our issued and  outstanding common stock after the consummation of the Reverse Acquisition. As a result of the Reverse
 Acquisition, we have assumed the business and operations of Flux Power.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Upon the closing of the Reverse  Acquisition,
Mr. Gianluca Cicogna-Mozzoni, our former Chief Executive Officer, President, Chief Financial Officer,  Treasurer, Secretary
and sole director, submitted a resignation letter pursuant to which he resigned from all offices  that he held, effective immediately;
and from his position as our director that was to become effective on the ten   (10) days following the filing and mailing
of this Information Statement to the our stockholders in  accordance with the requirements of Section 14(f) of the Securities
Exchange Act of 1934, as amended   (the &ldquo;Exchange Act&rdquo;) and Rule 14f-1 promulgated thereunder (the &ldquo;Effective
Date&rdquo;). In  addition, on June 14, 2012, our Board of Directors increased the size of our Board of Directors to three
directors and  appointed Mr. Chris Anthony (Chairman) to fill the vacancy created by the increase in board size, effective
as of  the date of the Closing of the Reverse Acquisition. In addition, Messrs. Michael Johnson and James Gevarges were  appointed
to fill the vacancies created upon the effective resignation of Mr. Cicogna-Mozzoni and the increase in  the size of the board,
with such appointments and resignation to be effective on the Effective Date. </P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In connection with the change in
majority of directors, an Information Statement was mailed on July 2,   2012, to the holders of record of our common stock at
the close of business  on June 29, 2012, in accordance with the requirements of Section 14(f) of the Exchange Act and Rule
14f-1 promulgated thereunder. Accordingly the resignation of Mr. Cicogna-Mozzoni as our director  and appointment of Messrs.
Johnson and Gevarges as our directors are effective as of July 12, 2012.  A copy of the Letter of Resignation from Mr.
Cicogna-Mozzoni is filed hereto as Exhibit 17.1.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">There are no family relationships among
any of our current directors and executive officers. Except for  the appointments and resignation in connection with the Reverse
Acquisition, there are no  arrangements or understandings between Messrs. Johnson and Gevarges and any other person  pursuant
to which each director was or is to be selected as a director. As described in Item 1.01 of this Form 8-K, on July 12, 2012, we
entered into Indemnification Agreements with Messrs. Johnson and Gevarges, which information is incorporated herein by reference
thereto.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Biographical Information</I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;<B>Michael Johnson, Director.</B>
Mr. Johnson, 60, has been a director of Flux Power since it was incorporated. Mr. Johnson has been a director and the Chief Executive
Officer of Esenjay Petroleum Corporation in Corpus Christi, Texas since 2002. He is an industry expert in the natural gas exploration
industry and brings a wealth of management and successful company building experience to the board. Mr. Johnson currently serves
on the Board of Directors at Aptera Motors. Mr. Johnson received a Bachelor of Science degree in mechanical engineering from the
University of Southwestern Louisiana in 1971.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>James Gevarges, Director.</B> Mr. Gevarges,
46, has been a director of Flux Power since it was incorporated. Mr. Gevarges is the Chief Executive Officer, and a Director of
Current Ways, Inc., a company he founded in 2010. Since 1991 James has also been a Director and the Chief Executive Officer of
LHV Power Corporation (formerly known as HiTek Power, Corp) located in Santee, California. Mr. Gevarges is a power supply industry
expert and brings an enormous amount of manufacturing and successful company management experience to the Company. Mr. Gevarges
has a Bachelor of Science degree in electrical engineering from Louisiana State University.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Promoters and Certain Control Persons</I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Reverse Acquisition resulted in a change
of control by issuance of our securities to Mr. Gevarges and Esenjay Investments, LLC:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.3in; padding-right: 0; padding-left: 0"></TD><TD STYLE="width: 0.25in; padding-right: 0; padding-left: 0">&middot;</TD><TD STYLE="padding-right: 0; padding-left: 0">Esenjay Investments, LLC. Esenjay Investment, LLC is one of our major stockholders which beneficially owns approximately 49%
of our common stock on the completion of the Reverse Acquisition. Mr. Michael Johnson, our director, is the director and member
of this entity.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.3in; padding-right: 0; padding-left: 0"></TD><TD STYLE="width: 0.25in; padding-right: 0; padding-left: 0">&middot;</TD><TD STYLE="padding-right: 0; padding-left: 0">James Gevarges. Mr. Gevarges, our director as of the Effective Date, is one of our major shareholders who beneficially owns
approximately 15% of our common stock on the completion of the Reverse Acquisition.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In connection with the Reverse Acquisition,
Mr. Gevarges and Esenjay Investments LLC each agreed not to offer, sell, assign, transfer, pledge, contract to sell, or otherwise
dispose of any shares of our common stock or securities convertible into or exercisable or exchangeable into our common stock beneficially
owned by such stockholder, for a period of eighteen (18) months from the closing date of the Reverse Acquisition, except during
the period after the first anniversary of the closing date and a period of six (6) months thereafter, in such an amount which constitutes
less than three percent (3%) in the aggregate of such stockholder&rsquo;s beneficial ownership of our common stock per month.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Related Transaction with Flux Power </I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On May 25, 2010, Flux Power entered into
a $400,000 Revolving Promissory Note for Inventory Funding (the &ldquo;Inventory Funding Note&rdquo;) with our stockholder Esenjay
Investments, LLC (&ldquo;Esenjay&rdquo;), which matured in May 2012. Esenjay is owned by Mr. Michael Johnson. The Inventory Funding
Note bore interest at 8% per annum and provides for advances to be used for inventory purchases. In August 2011, Flux Power amended
the Inventory Funding Note so that it may be converted into Flux Power&rsquo;s shares of common stock at a conversion price to
be determined at our next round of financing. The Inventory Funding Note is secured by Flux Power&rsquo;s general assets.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On May 25, 2010, Flux Power entered into
a $1,000,000 Revolving Promissory Note for Operating Capital (the &ldquo;Operating Capital Note&rdquo;) with Esenjay. The Operating
Capital Note matures as of the closing of our next round of financing but no later than May 30, 2012. The Operating Capital Note
bore interest at 8% and provides for advances for operating expenses. In August 2011, Flux Power amended the Operating Capital
Note so that it may be converted into Flux Power&rsquo;s shares of common stock at a conversion price to be determined at its next
round of financing. The Operating Capital Note is secured by Flux Power&rsquo;s general assets.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On September 27, 2011, Flux Power entered
into a $150,000 Bridge Loan Promissory Note (the &ldquo;Bridge Note&rdquo;) with Esenjay. The Bridge Note matured on May 30, 2012.
The Bridge Note does not bear interest and provides that the principal amount may be converted into Flux Power&rsquo;s shares of
common stock at a conversion price to be determined at its next round of financing. On November 15, 2011, Flux Power amended the
Bridge Note to include a stated annual interest rate of 8%.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On December 15, 2011, Esenjay agreed to
convert the Inventory Funding Note, Operating Capital Note and the Bridge Note and the accrued interest in the aggregate amount
of $1,264,228 for 1,264,228 shares of Flux Power&rsquo;s common stock. Accordingly, the Inventory Funding Note, Operating Capital
Note and the Bridge Note are no longer outstanding.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On October 1, 2011, Flux Power entered into
a $1,000,000 Secondary Revolving Promissory Note for Operating Capital (the &ldquo;Secondary Operating Capital Note&rdquo;) with
Esenjay. The Secondary Operating Capital Note matures on September 30, 2013. The Secondary Operating Capital Note bears interest
at 8% and provides for advances for operating expenses. As of March 31, 2012, Flux Power has drawn down $500,000 on the Secondary
Revolving Promissory Note and $500,000 is available. As of June 14, 2012, Flux Power has drawn down $600,000 on the Secondary Revolving
Promissory Note and $400,000 is available.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On March 7, 2012, Flux Power entered into
a $250,000 Bridge Loan (&ldquo;Secondary Bridge Note&rdquo;) with Esenjay. The Secondary Bridge Note matures on March 7, 2014.
The Secondary Bridge Note bears interest at 8%.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 9.01 Financial Statements and Exhibits</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(d) Exhibits</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; width: 90%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 13%; padding-right: 0; text-decoration: underline; padding-left: 0">Exhibit No.</TD>
    <TD STYLE="width: 87%; padding-left: 0; text-decoration: underline; padding-right: 0">Description&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0">17.1</TD>
    <TD STYLE="padding-left: 0; padding-right: 0">Letter of Resignation<SUP></SUP></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0; padding-right: 0">&nbsp;</TD></TR>
</TABLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURE</B></P>

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

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    <TD STYLE="width: 50%; padding-right: 0; padding-left: 0">&nbsp;</TD>
    <TD STYLE="width: 50%; padding-right: 0; padding-left: 0">Flux Power Holdings, Inc.,&nbsp;</TD></TR>
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    <TD STYLE="padding-right: 0; padding-left: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0">A Nevada Corporation&nbsp;&nbsp;</TD></TR>
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    <TD STYLE="padding-right: 0; padding-left: 0">Dated: July 13, 2012</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0; padding-left: 0">/s/ Craig Miller&nbsp;</TD></TR>
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    <TD STYLE="padding-right: 0; padding-left: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0">Craig Miller, Corporate Secretary&nbsp;</TD></TR>
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[{"type": "8-K", "sequence": "1", "filename": "v318476_8k.htm", "description": "FORM 8-K", "secsgml_size_bytes": 28657}]
{"company-data": {"conformed-name": "Flux Power Holdings, Inc.", "cik": "0001083743", "assigned-sic": "3690", "irs-number": "860931332", "state-of-incorporation": "NV", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-25909", "film-number": "12961450"}, "business-address": {"street1": "2240 AUTO PARK WAY,", "city": "ESCONDIDO,", "state": "CA", "zip": "92029", "phone": "(212) 509-1700"}, "mail-address": {"street1": "2240 AUTO PARK WAY,", "city": "ESCONDIDO,", "state": "CA", "zip": "92029"}, "former-company": [{"former-conformed-name": "Lone Pine Holdings, Inc", "date-changed": "20090415"}, {"former-conformed-name": "Australian Forest Industries", "date-changed": "20070508"}, {"former-conformed-name": "MULTI TECH INTERNATIONAL CORP", "date-changed": "20021204"}]}
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):
July 12, 2012
FLUX POWER HOLDINGS, INC.
(Exact name of registrant as specified in
its charter)
Nevada
(State or Other Jurisdiction of
Incorporation)
000-25909
(Commission File Number)
86-0931332
(IRS Employer
Identification No.)
2240 Auto Park Way, Escondido,
        California
(Address of
        Principal Executive Offices)
92029
(Zip Code)
877-505-3589
(Registrant's telephone number, including
area code)
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 (see General Instruction
A.2. below):
£
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 Definitive Agreement.
On July 12, 2012, in connection with the
appointment of Messrs. Michael Johnson and James Gevarges, as our  directors, as further described in Item 5.02 of this Current
Report on Form 8-K ("Form 8-K"), we entered into a standard form of indemnification agreement ("Indemnification
 Agreement") with each of them (each, an "Indemnitee").Pursuant to and subject to the terms,  conditions
and limitations set forth in the Indemnification Agreement, we agreed to indemnify  each Indemnitee, against any and all expenses
incurred in connection with the Indemnitee's  service as our officer, director and or agent, or is or was serving at
our request as a director,  officer, employee, agent or advisor of another corporation, partnership, joint venture, trust,
 limited liability company, or other entity or enterprise but only if the Indemnitee acted in good  faith and in a manner
he reasonably believed to be in or not opposed to our best interest, and in  the case of a criminal proceeding, had no reasonable
cause to believe that his conduct was  unlawful. In addition, the indemnification provided in the indemnification agreement
is  applicable whether or not negligence or gross negligence of the Indemnitee is alleged or proven.  Additionally, the
Indemnification Agreement establishes processes and procedures for  indemnification claims, advancement of expenses and costs
and contribution obligations.
Item 5.02 Departure of Directors or Certain Officers; Election
of Directors' Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
As previously reported on Current Report
on Form 8-K filed with the Securities and Exchange Commission  on June 18, 2012, on June 14, 2012, Flux Power Holdings, Inc.
acquired 100% of the issued and outstanding  capital stock of Flux Power, Inc., a California corporation ("Flux Power"),
in exchange for 37,714,514 shares of  our common stock (the "Reverse Acquisition"), which constituted approximately
91% of our issued and  outstanding common stock after the consummation of the Reverse Acquisition. As a result of the Reverse
 Acquisition, we have assumed the business and operations of Flux Power.
Upon the closing of the Reverse  Acquisition,
Mr. Gianluca Cicogna-Mozzoni, our former Chief Executive Officer, President, Chief Financial Officer,  Treasurer, Secretary
and sole director, submitted a resignation letter pursuant to which he resigned from all offices  that he held, effective immediately;
and from his position as our director that was to become effective on the ten   (10) days following the filing and mailing
of this Information Statement to the our stockholders in  accordance with the requirements of Section 14(f) of the Securities
Exchange Act of 1934, as amended   (the "Exchange Act") and Rule 14f-1 promulgated thereunder (the "Effective
Date"). In  addition, on June 14, 2012, our Board of Directors increased the size of our Board of Directors to three
directors and  appointed Mr. Chris Anthony (Chairman) to fill the vacancy created by the increase in board size, effective
as of  the date of the Closing of the Reverse Acquisition. In addition, Messrs. Michael Johnson and James Gevarges were  appointed
to fill the vacancies created upon the effective resignation of Mr. Cicogna-Mozzoni and the increase in  the size of the board,
with such appointments and resignation to be effective on the Effective Date.
In connection with the change in
majority of directors, an Information Statement was mailed on July 2,   2012, to the holders of record of our common stock at
the close of business  on June 29, 2012, in accordance with the requirements of Section 14(f) of the Exchange Act and Rule
14f-1 promulgated thereunder. Accordingly the resignation of Mr. Cicogna-Mozzoni as our director  and appointment of Messrs.
Johnson and Gevarges as our directors are effective as of July 12, 2012.  A copy of the Letter of Resignation from Mr.
Cicogna-Mozzoni is filed hereto as Exhibit 17.1.
There are no family relationships among
any of our current directors and executive officers. Except for  the appointments and resignation in connection with the Reverse
Acquisition, there are no  arrangements or understandings between Messrs. Johnson and Gevarges and any other person  pursuant
to which each director was or is to be selected as a director. As described in Item 1.01 of this Form 8-K, on July 12, 2012, we
entered into Indemnification Agreements with Messrs. Johnson and Gevarges, which information is incorporated herein by reference
thereto.
Biographical Information
Michael Johnson, Director.
Mr. Johnson, 60, has been a director of Flux Power since it was incorporated. Mr. Johnson has been a director and the Chief Executive
Officer of Esenjay Petroleum Corporation in Corpus Christi, Texas since 2002. He is an industry expert in the natural gas exploration
industry and brings a wealth of management and successful company building experience to the board. Mr. Johnson currently serves
on the Board of Directors at Aptera Motors. Mr. Johnson received a Bachelor of Science degree in mechanical engineering from the
University of Southwestern Louisiana in 1971.
James Gevarges, Director.
Mr. Gevarges,
46, has been a director of Flux Power since it was incorporated. Mr. Gevarges is the Chief Executive Officer, and a Director of
Current Ways, Inc., a company he founded in 2010. Since 1991 James has also been a Director and the Chief Executive Officer of
LHV Power Corporation (formerly known as HiTek Power, Corp) located in Santee, California. Mr. Gevarges is a power supply industry
expert and brings an enormous amount of manufacturing and successful company management experience to the Company. Mr. Gevarges
has a Bachelor of Science degree in electrical engineering from Louisiana State University.
Promoters and Certain Control Persons
The Reverse Acquisition resulted in a change
of control by issuance of our securities to Mr. Gevarges and Esenjay Investments, LLC:
·
Esenjay Investments, LLC. Esenjay Investment, LLC is one of our major stockholders which beneficially owns approximately 49%
of our common stock on the completion of the Reverse Acquisition. Mr. Michael Johnson, our director, is the director and member
of this entity.
·
James Gevarges. Mr. Gevarges, our director as of the Effective Date, is one of our major shareholders who beneficially owns
approximately 15% of our common stock on the completion of the Reverse Acquisition.
In connection with the Reverse Acquisition,
Mr. Gevarges and Esenjay Investments LLC each agreed not to offer, sell, assign, transfer, pledge, contract to sell, or otherwise
dispose of any shares of our common stock or securities convertible into or exercisable or exchangeable into our common stock beneficially
owned by such stockholder, for a period of eighteen (18) months from the closing date of the Reverse Acquisition, except during
the period after the first anniversary of the closing date and a period of six (6) months thereafter, in such an amount which constitutes
less than three percent (3%) in the aggregate of such stockholder's beneficial ownership of our common stock per month.
Related Transaction with Flux Power
On May 25, 2010, Flux Power entered into
a $400,000 Revolving Promissory Note for Inventory Funding (the "Inventory Funding Note") with our stockholder Esenjay
Investments, LLC ("Esenjay"), which matured in May 2012. Esenjay is owned by Mr. Michael Johnson. The Inventory Funding
Note bore interest at 8% per annum and provides for advances to be used for inventory purchases. In August 2011, Flux Power amended
the Inventory Funding Note so that it may be converted into Flux Power's shares of common stock at a conversion price to
be determined at our next round of financing. The Inventory Funding Note is secured by Flux Power's general assets.
On May 25, 2010, Flux Power entered into
a $1,000,000 Revolving Promissory Note for Operating Capital (the "Operating Capital Note") with Esenjay. The Operating
Capital Note matures as of the closing of our next round of financing but no later than May 30, 2012. The Operating Capital Note
bore interest at 8% and provides for advances for operating expenses. In August 2011, Flux Power amended the Operating Capital
Note so that it may be converted into Flux Power's shares of common stock at a conversion price to be determined at its next
round of financing. The Operating Capital Note is secured by Flux Power's general assets.
On September 27, 2011, Flux Power entered
into a $150,000 Bridge Loan Promissory Note (the "Bridge Note") with Esenjay. The Bridge Note matured on May 30, 2012.
The Bridge Note does not bear interest and provides that the principal amount may be converted into Flux Power's shares of
common stock at a conversion price to be determined at its next round of financing. On November 15, 2011, Flux Power amended the
Bridge Note to include a stated annual interest rate of 8%.
On December 15, 2011, Esenjay agreed to
convert the Inventory Funding Note, Operating Capital Note and the Bridge Note and the accrued interest in the aggregate amount
of $1,264,228 for 1,264,228 shares of Flux Power's common stock. Accordingly, the Inventory Funding Note, Operating Capital
Note and the Bridge Note are no longer outstanding.
On October 1, 2011, Flux Power entered into
a $1,000,000 Secondary Revolving Promissory Note for Operating Capital (the "Secondary Operating Capital Note") with
Esenjay. The Secondary Operating Capital Note matures on September 30, 2013. The Secondary Operating Capital Note bears interest
at 8% and provides for advances for operating expenses. As of March 31, 2012, Flux Power has drawn down $500,000 on the Secondary
Revolving Promissory Note and $500,000 is available. As of June 14, 2012, Flux Power has drawn down $600,000 on the Secondary Revolving
Promissory Note and $400,000 is available.
On March 7, 2012, Flux Power entered into
a $250,000 Bridge Loan ("Secondary Bridge Note") with Esenjay. The Secondary Bridge Note matures on March 7, 2014.
The Secondary Bridge Note bears interest at 8%.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit No.
Description
17.1
Letter of Resignation
SIGNATURE
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.
Flux Power Holdings, Inc.,
A Nevada Corporation
Dated: July 13, 2012
/s/ Craig Miller
Craig Miller, Corporate Secretary