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<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>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">&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">&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">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934</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-align: center"><B><U>March 21, 2012</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of Report (Date of earliest event reported)</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-align: center"><B><U>NDB Energy, 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">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(State or other jurisdiction of incorporation)</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-align: center"><B><U>333-52040</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Commission File Number)</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-align: center"><B><U>98-0195748</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(I.R.S. Employer Identification No.)</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-align: center"><B>10777 Westheimer Rd.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Suite 1100</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>Houston, Texas 77042</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Address of principal executive offices)</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-align: center"><B><U>(800) 676-1006</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">&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"><FONT STYLE="font-family: Wingdings">&#168;</FONT> 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">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&#168;</FONT> 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">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&#168;</FONT> 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">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&#168;</FONT> 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>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>SECTION 1. Registrant&rsquo;s Business and Operations</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-align: justify"><B>Item 1.01 Entry into a Material Definitive
Agreement.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On March 21, 2012,
NDB Energy, Inc. (the &ldquo;Company,&rdquo; or &ldquo;we&rdquo;) entered into a share exchange agreement (the &ldquo;Share Exchange
Agreement&rdquo;) with Armada Oil, Inc., a corporation organized under the laws of the State of Nevada (&ldquo;Armada&rdquo;) and
Armada&rsquo;s stockholders (the &ldquo;Armada Stockholders&rdquo;). Upon the closing of the transaction contemplated by the Share
Exchange Agreement the Armada Stockholders will sell all of the issued and outstanding shares of Armada&rsquo;s common stock and
all outstanding stock purchase warrants (the &ldquo;Armada Securities&rdquo;) to the Company in return for 8,870,000 shares of
the Company&rsquo;s common stock, 2,520,000 Company Series B Warrants allowing the Armada Stockholders to purchase up to an equal
number of shares of the Company&rsquo;s common stock for a period of 5 years from the date of issuance at a purchase price of $2.00
per share and 2,520,000 Company Series C Warrants allowing the Armada stockholders to purchase up to an equal number of the Company&rsquo;s
shares of common stock for a period of 7 years from the date of issuance at a purchase price of $3.00 per share (collectively,
the &ldquo;Company Securities&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Company Series
C Warrants contain a restrictive clause restricting the holder from exercising the warrant until such time as the Company informs
the holder that the exercise of all the Series C Warrants, along with all other shares of the Company&rsquo;s common stock issued
to the Armada Stockholders pursuant to the Share Exchange Agreement, would constitute less than 49.9% of the Company&rsquo;s issued
and outstanding shares of common stock. Additionally, upon the completion of the transaction contemplated by the Share Exchange
Agreement, the Company will appoint David Moss as a director of the Company. The Company has also agreed to file a registration
statement with the Securities and Exchange Commission to register the Company Securities within 60 days from the Company filing
its Annual Report on Form 10-K for the Company&rsquo;s fiscal year ended March 31, 2012.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Upon completion of
the transaction contemplated by the Share Exchange Agreement Armada will be a wholly-owned subsidiary of the Company and the Armada
Stockholders will own approximately 43.7% of the Company&rsquo;s then issued and outstanding shares of common stock.</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; margin-left: 0in; text-indent: 0.5in; text-align: justify">Armada
is an independent energy company engaged in the exploration and production of oil and natural gas through the development of multiple
objective oil and gas exploration projects located in Southern Wyoming. The projects are near existing infrastructure; including
oil and natural gas pipelines, oil refineries and gas processing plants as well as various productive oil and natural gas fields.
Armada currently holds interests in properties located in Carbon County, Wyoming.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Armada&rsquo;s business strategy, which is designated the &ldquo;Overland Trail Project&rdquo;, is to identify and exploit resources
from potential sandstone reservoirs in the Upper and Lower parts of the Permian-Pennsylvanian age Casper (Tensleep) Formation with
secondary targets in the Niobrara Formation. High resistivity development in the 1st, 2nd and 3rd Niobrara Chalks, along with overlying
and underlying high organic content marls has been noted in the dozen or so logged wells that have penetrated the Niobrara Formation.
Additionally, gas shows have been recorded from wells drilled on Simpson Ridge Anticline on the west end and the Chapman Draw area
on the north end of the project area. Finally, approximately 140 miles of vintage 2D CDP seismic lines attest to the conformity
of the Niobrara reflections that are present between thrust faults and away from well control points.</P>



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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white; text-indent: 0.5in"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white; text-indent: 0.5in">Upon acquiring
Armada, we intend to develop and produce reserves at a low cost and will take an aggressive approach to exploiting our contiguous
acreage position through utilization of recent drilling technology advancements and best-practices seismic techniques. We believe
that, through our acquisition of Armada, we will become uniquely familiar with the history and geology of the Overland Trail Project
area through our collective experience in the region and our relationships with geologists and engineers who initiated and developed
this and other projects in the area for more than 30 years. We believe that implementing our drilling strategy and using new drilling
and completion techniques will enable us to find significant gas and oil reserves in the Overland Trail Project area.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: black">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Company&rsquo;s obligations to purchase, and the Armada Stockholder&rsquo;s obligation to sell, the Armada Securities is conditioned
upon the Company and Armada completing their due diligence and providing the other respective party with certain additional information
and documents as set forth in the </FONT>Share Exchange Agreement<FONT STYLE="color: black">. The </FONT>Share Exchange Agreement<FONT STYLE="color: black">
will terminate if the parties have not closed on the transactions contemplated in the </FONT>Share Exchange Agreement<FONT STYLE="color: black">
prior to March 31, 2012, unless extended by the Company and Armada in writing. A copy of the </FONT>Share Exchange Agreement<FONT STYLE="color: black">
is attached is <B><U>Exhibit 10.1</U></B> hereto.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white; text-indent: 0.5in"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>SECTION 7. Regulation FD</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>Item 7.01 Regulation FD Disclosure</U></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">Except for the historical information presented
in this document, the matters discussed in this Form 8-K, or otherwise incorporated by reference into this document, contain &ldquo;forward-looking
statements&rdquo; (as such term is defined in the Private Securities Litigation Reform Act of 1995). These statements are identified
by the use of forward-looking terminology such as &ldquo;believes,&rdquo; &ldquo;plans,&rdquo; &ldquo;intend,&rdquo; &rdquo;scheduled,&rdquo;
&ldquo;potential,&rdquo; &ldquo;continue,&rdquo; &ldquo;estimates,&rdquo; &ldquo;hopes,&rdquo; &ldquo;goal,&rdquo; &ldquo;objective,&rdquo;
&ldquo;expects,&rdquo; &ldquo;may,&rdquo; &ldquo;will,&rdquo; &ldquo;should&rdquo; or &ldquo;anticipates&rdquo; or the negative
thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks and uncertainties.
The safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities
Act of 1933, as amended, apply to forward-looking statements made by the Registrant. The reader is cautioned that no statements
contained in this Form 8-K should be construed as a guarantee or assurance of future performance or results. These forward-looking
statements involve risks and uncertainties, including those identified within this Form 8-K. The actual results that the Registrant
achieves may differ materially from any forward-looking statements due to such risks and uncertainties. These forward-looking statements
are based on current expectations, and the Registrant assumes no obligation to update this information. Readers are urged to carefully
review and consider the various disclosures made by the Registrant in this Form 8-K and in the Registrant's other reports filed
with the Securities and Exchange Commission that attempt to advise interested parties of the risks and factors that may affect
the Registrant's business.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Note: Information in
this report furnished pursuant to Item 7 shall not be deemed to be &ldquo;filed&rdquo; for purposes of Section 18 of the Securities
Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. The information in this current report
shall not be incorporated by reference into any registration statement pursuant to the Securities Act of 1933, as amended. The
furnishing of the information in this current report is not intended to, and does not, constitute a representation that such furnishing
is required by Regulation FD or that the information this current report contains is material investor information that is not
otherwise publicly available.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>SECTION 9. 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">Item 9.01 Financial Statements and Exhibits</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 following <FONT STYLE="color: black">exhibits</FONT>
are furnished as part of this report:</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"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%; padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none">Number</TD>
    <TD STYLE="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none">&nbsp;</TD>
    <TD STYLE="width: 83%; padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none">Description</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none">10.1</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none">Share Exchange Agreement between NDB Energy, Inc., Armada Oil, Inc. and the Armada Stockholders, dated March 21, 2012.</TD></TR>
</TABLE>


<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">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></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-align: center">SIGNATURES</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">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
on March 26, 2012.</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">NDB Energy, Inc.</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">By: <B><I><U>/s/ James Cerna, Jr.</U></I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">President and Chief Executive Officer</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"></P>

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{"company-data": {"conformed-name": "NDB Energy, Inc.", "cik": "0001081074", "assigned-sic": "1311", "irs-number": "980195748", "state-of-incorporation": "NV", "fiscal-year-end": "0331"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-52040", "film-number": "12717091"}, "business-address": {"street1": "1 GATEWAY CENTER", "street2": "SUITE 2600", "city": "NEWARK", "state": "NJ", "zip": "07102", "phone": "800-676-1006"}, "mail-address": {"street1": "1 GATEWAY CENTER", "street2": "SUITE 2600", "city": "NEWARK", "state": "NJ", "zip": "07102"}, "former-company": [{"former-conformed-name": "INTERNATIONAL ENERGY, INC.", "date-changed": "20050630"}, {"former-conformed-name": "E DEAL NET INC", "date-changed": "20001128"}]}
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
March 21, 2012
Date of Report (Date of earliest event reported)
NDB Energy, Inc.
(Exact name of registrant as specified in
its charter)
Nevada
(State or other jurisdiction of incorporation)
333-52040
(Commission File Number)
98-0195748
(I.R.S. Employer Identification No.)
10777 Westheimer Rd.
Suite 1100
Houston, Texas 77042
(Address of principal executive offices)
(800) 676-1006
(Registrant's telephone number, including
area code)
Check the appropriate box below if the Form 8-K filing is intended
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A.2. below):
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SECTION 1. Registrant's Business and Operations
Item 1.01 Entry into a Material Definitive
Agreement.
On March 21, 2012,
NDB Energy, Inc. (the "Company," or "we") entered into a share exchange agreement (the "Share Exchange
Agreement") with Armada Oil, Inc., a corporation organized under the laws of the State of Nevada ("Armada") and
Armada's stockholders (the "Armada Stockholders"). Upon the closing of the transaction contemplated by the Share
Exchange Agreement the Armada Stockholders will sell all of the issued and outstanding shares of Armada's common stock and
all outstanding stock purchase warrants (the "Armada Securities") to the Company in return for 8,870,000 shares of
the Company's common stock, 2,520,000 Company Series B Warrants allowing the Armada Stockholders to purchase up to an equal
number of shares of the Company's common stock for a period of 5 years from the date of issuance at a purchase price of $2.00
per share and 2,520,000 Company Series C Warrants allowing the Armada stockholders to purchase up to an equal number of the Company's
shares of common stock for a period of 7 years from the date of issuance at a purchase price of $3.00 per share (collectively,
the "Company Securities").
The Company Series
C Warrants contain a restrictive clause restricting the holder from exercising the warrant until such time as the Company informs
the holder that the exercise of all the Series C Warrants, along with all other shares of the Company's common stock issued
to the Armada Stockholders pursuant to the Share Exchange Agreement, would constitute less than 49.9% of the Company's issued
and outstanding shares of common stock. Additionally, upon the completion of the transaction contemplated by the Share Exchange
Agreement, the Company will appoint David Moss as a director of the Company. The Company has also agreed to file a registration
statement with the Securities and Exchange Commission to register the Company Securities within 60 days from the Company filing
its Annual Report on Form 10-K for the Company's fiscal year ended March 31, 2012.
Upon completion of
the transaction contemplated by the Share Exchange Agreement Armada will be a wholly-owned subsidiary of the Company and the Armada
Stockholders will own approximately 43.7% of the Company's then issued and outstanding shares of common stock.
Armada
is an independent energy company engaged in the exploration and production of oil and natural gas through the development of multiple
objective oil and gas exploration projects located in Southern Wyoming. The projects are near existing infrastructure; including
oil and natural gas pipelines, oil refineries and gas processing plants as well as various productive oil and natural gas fields.
Armada currently holds interests in properties located in Carbon County, Wyoming.
Armada's business strategy, which is designated the "Overland Trail Project", is to identify and exploit resources
from potential sandstone reservoirs in the Upper and Lower parts of the Permian-Pennsylvanian age Casper (Tensleep) Formation with
secondary targets in the Niobrara Formation. High resistivity development in the 1st, 2nd and 3rd Niobrara Chalks, along with overlying
and underlying high organic content marls has been noted in the dozen or so logged wells that have penetrated the Niobrara Formation.
Additionally, gas shows have been recorded from wells drilled on Simpson Ridge Anticline on the west end and the Chapman Draw area
on the north end of the project area. Finally, approximately 140 miles of vintage 2D CDP seismic lines attest to the conformity
of the Niobrara reflections that are present between thrust faults and away from well control points.
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Upon acquiring
Armada, we intend to develop and produce reserves at a low cost and will take an aggressive approach to exploiting our contiguous
acreage position through utilization of recent drilling technology advancements and best-practices seismic techniques. We believe
that, through our acquisition of Armada, we will become uniquely familiar with the history and geology of the Overland Trail Project
area through our collective experience in the region and our relationships with geologists and engineers who initiated and developed
this and other projects in the area for more than 30 years. We believe that implementing our drilling strategy and using new drilling
and completion techniques will enable us to find significant gas and oil reserves in the Overland Trail Project area.
The Company's obligations to purchase, and the Armada Stockholder's obligation to sell, the Armada Securities is conditioned
upon the Company and Armada completing their due diligence and providing the other respective party with certain additional information
and documents as set forth in the
Share Exchange Agreement
. The
Share Exchange Agreement
will terminate if the parties have not closed on the transactions contemplated in the
Share Exchange Agreement
prior to March 31, 2012, unless extended by the Company and Armada in writing. A copy of the
Share Exchange Agreement
is attached is
Exhibit 10.1
hereto.
SECTION 7. Regulation FD
Item 7.01 Regulation FD Disclosure
Except for the historical information presented
in this document, the matters discussed in this Form 8-K, or otherwise incorporated by reference into this document, contain "forward-looking
statements" (as such term is defined in the Private Securities Litigation Reform Act of 1995). These statements are identified
by the use of forward-looking terminology such as "believes," "plans," "intend," "scheduled,"
"potential," "continue," "estimates," "hopes," "goal," "objective,"
"expects," "may," "will," "should" or "anticipates" or the negative
thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks and uncertainties.
The safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities
Act of 1933, as amended, apply to forward-looking statements made by the Registrant. The reader is cautioned that no statements
contained in this Form 8-K should be construed as a guarantee or assurance of future performance or results. These forward-looking
statements involve risks and uncertainties, including those identified within this Form 8-K. The actual results that the Registrant
achieves may differ materially from any forward-looking statements due to such risks and uncertainties. These forward-looking statements
are based on current expectations, and the Registrant assumes no obligation to update this information. Readers are urged to carefully
review and consider the various disclosures made by the Registrant in this Form 8-K and in the Registrant's other reports filed
with the Securities and Exchange Commission that attempt to advise interested parties of the risks and factors that may affect
the Registrant's business.
Note: Information in
this report furnished pursuant to Item 7 shall not be deemed to be "filed" for purposes of Section 18 of the Securities
Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. The information in this current report
shall not be incorporated by reference into any registration statement pursuant to the Securities Act of 1933, as amended. The
furnishing of the information in this current report is not intended to, and does not, constitute a representation that such furnishing
is required by Regulation FD or that the information this current report contains is material investor information that is not
otherwise publicly available.
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SECTION 9. Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits
The following
exhibits
are furnished as part of this report:
Number
Description
10.1
Share Exchange Agreement between NDB Energy, Inc., Armada Oil, Inc. and the Armada Stockholders, dated March 21, 2012.
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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
on March 26, 2012.
NDB Energy, Inc.
By:
/s/ James Cerna, Jr.
James Cerna, Jr.
President and Chief Executive Officer
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