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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">&nbsp;</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">&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">CURRENT REPORT</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">Pursuant to Section&nbsp;13 or 15(d) of
the</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Securities Exchange Act of 1934</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: October 10, 2012</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Date of Earliest Event Reported)</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>BEESFREE, INC.</B></P>

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

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        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Nevada</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(State or other jurisdiction of</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">incorporation or organization)</P></TD>
    <TD STYLE="width: 37%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">000-53212</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Commission File Number)</P></TD>
    <TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 28%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">92-0189305</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in">(I.R.S. Employer</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Identification No.)</P></TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: center">&nbsp;</TD></TR>
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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"><B>2101 Vista Parkway, Suite 122</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>West Palm Beach, Florida 33411</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in">(Address of principal
executive offices) (Zip 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; text-align: center">Registrant&rsquo;s telephone number, including
area code: <B>(561) 939-4860</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>____________________________________</B></P>

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

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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: justify">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 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="font-family: Wingdings">&#168;</FONT><FONT STYLE="font-size: 10pt"> Written
communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425) </FONT></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="font-family: Wingdings">&#168;</FONT><FONT STYLE="font-size: 10pt"> Soliciting
material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12) </FONT></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="font-family: Wingdings">&#168;</FONT><FONT STYLE="font-size: 10pt"> Pre-commencement
communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </FONT></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="font-family: Wingdings">&#168;</FONT><FONT STYLE="font-size: 10pt"> Pre-commencement
communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </FONT></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"></P>

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<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"><B>Item&nbsp;1.01&#9;Entry into a Material 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">Pursuant to a Subscription Agreement (the &ldquo;Subscription
Agreement&rdquo;), dated October 10, 2012, BeesFree, Inc. (the &ldquo;Company&rdquo;) raised aggregate gross proceeds of $<FONT STYLE="color: black">542,325</FONT>
(the &ldquo;Financing&rdquo;). The Company entered into a Subscription Agreement with five accredited investors (the &ldquo;Investors&rdquo;).</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">In connection with the Financing, the Company sold to the Investors
an aggregate of 3,099 shares of its newly created Series&nbsp;B Cumulative Convertible Preferred Stock, par value $0.001 per share
(the &ldquo;Series B Preferred Stock&rdquo;) at a purchase price of $175.00 per share (the &ldquo;Series B Preferred Stock Price&rdquo;),
and warrants (the &ldquo;Warrants&rdquo;) to purchase an aggregate of 309,900 shares of our common stock, par value $0.001 per
share (the &ldquo;Common Stock&rdquo;), for an aggregate purchase price of $<FONT STYLE="color: black">542,325</FONT>.</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"><I>Series B Preferred Stock</I></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">In connection with the Financing, as disclosed in the Company&rsquo;s
Current Report on Form 8-K, filed October 4, 2012, the Company designated 50,000 shares of its blank check preferred stock as &ldquo;Series&nbsp;B
Cumulative Convertible Preferred Stock&rdquo; by filing a Certificate of Designation (the &ldquo;Certificate of Designation&rdquo;)
with the Secretary of State of Nevada establishing the Series B Preferred Stock.</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: 0in">Each share of Series B Preferred Stock is
convertible, at the option of the holder thereof, at any time after the date of issuance, into such number of shares of Common
Stock as is determined by dividing the Series B Preferred Stock Price by the Series B conversion price (the &ldquo;Conversion Price&rdquo;),
which is initially $1.75 (i.e, each share is initially convertible into approximately 100 shares of Common Stock). Accordingly,
the 3,099 shares of Series B Preferred Stock sold in the Financing are initially convertible into a total of 309,900 shares of
Common Stock. The Series B Preferred Stock will also automatically convert into shares of Common Stock after three (3) years from
issuance under the same terms as those set forth above.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">From the date of the Subscription Agreement
u<FONT STYLE="color: black">ntil </FONT>the earlier of 90 days following such date that all of the Registrable Securities (as defined
in the Subscription Agreement) are either included for resale in an effective registration statement or are eligible for resale
without restriction pursuant to Rule 144(b)(1)(i) of the Securities Act, or a combination thereof, <FONT STYLE="color: black">t</FONT>he
conversion price of the Series B Preferred Stock is subject to full-ratchet price protection in the event the Company issues or
sells, or is deemed to have issued or sold, subject to certain standard exceptions, any shares of its Common Stock or securities
convertible in Common Stock for consideration per share less than the Conversion Price of the Series B Preferred Stock then in
effect. In addition, the Conversion Price may be adjusted to reflect subdivisions or combinations of the Company&rsquo;s Common
Stock such as through stock splits, dividends, distributions and similar adjustments to its capital stock.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The holders of Series B Preferred Stock do not have the right
to vote on any matter except with respect to certain protective provisions pursuant to which the majority of the Series B Preferred
Stock have the right to approve as further described in the Certificate of Designation. The shares of Series B Preferred Stock
are entitled to receive cumulative dividends at the rate of 12% pre annum, which dividends may be paid in shares of the Company&rsquo;s
Common Stock in the Company&rsquo;s sole discretion. Upon the occurrence of an Event of Default (as defined in the Certificate
of Designation), the dividend rate shall increase to 15% per annum during the pendency of such Event of Default.</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">In the event of any liquidation, dissolution or winding up of
the Company, either voluntary or involuntary, the holders of the Series B Preferred Stock will be entitled to receive, on a pari
passu basis with the Company&rsquo;s issued and outstanding shares of Series A Cumulative Convertible Preferred Stock, and any
class or series of capital stock of the Company created specifically ranking, by its terms, on parity with the Series B Preferred
Stock, and prior and in preference to any distribution of any of the assets or surplus funds of the Company to the holders of the
Common Stock, an amount equal to the Series B Preferred Stock Price.</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"><I>Warrants </I></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="color: black">In connection with the Financing,
the Company also issued Warrants to purchase a total of 309,900 shares of Common Stock (the &ldquo;Warrant Shares). Each Warrant
has an exercise price of $2.26 per share and is fully vested. The warrants expire five years from the date of issuance and in the
event that</FONT> if after the 6 month anniversary of the initial exercise date of each Warrant there is no effective registration
statement registering, or no current prospectus available for the resale of, the Warrant Shares by the holder, the Warrant may
be exercised, in whole or in part, on a cashless basis.</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">The Warrants also provide for full ratchet anti-dilution protection
in the event that any shares of Common Stock, or securities convertible into Common Stock, are issued at less than the Exercise
Price of the Warrants, subject to certain standard exceptions, u<FONT STYLE="color: black">ntil </FONT>the earlier of 90 days following
such date that all of the Registrable Securities (as defined in the Subscription Agreement) are either included for resale in an
effective registration statement or are eligible for resale without restriction pursuant to Rule 144(b)(1)(i) of the Securities
Act, or a combination thereof.</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"><I>Registration Rights</I></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">The Company also agreed under the Subscription Agreement to,
on one occasion, register the shares of Common Stock underlying the Series B Preferred and the Warrants upon the demand of the
holders of the majority of the Series B Preferred for a two year period beginning 91 days from issuance, and the Company also agreed
to indemnify the Investors for losses arising out of or resulting from material breaches of representations, warranties, agreements
and covenants made by the Company in the Subscription Agreement.</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">The foregoing summary of the terms and conditions of the Subscription
Agreement, Certificate of Designation, and Warrants do not purport to be complete and is qualified in its entirety by reference
to the full text of each of the aforementioned documents attached as Exhibits hereto, and which are hereby incorporated herein
by reference.</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 3.02. Unregistered Sales of Equity Securities </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">See Item 1.01 of this Current Report on Form 8-K, which Item
is incorporated herein by this reference, for a description of the terms of the Subscription Agreement, the Series B Preferred
Stock and Warrants, including the issuance of the securities in connection therewith.</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">The securities issued above were issued under the exemption
from registration provided by Section&nbsp;4(a)(2) of the Securities Act of 1933, as amended. The securities contain a legend restricting
transferability absent registration or applicable exemption. The Investors received current information about the Company and had
the opportunity to ask questions about the Company. All of the Investors were deemed accredited.</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"><B>Item 7.01&nbsp;&nbsp;&nbsp;&nbsp;&#9;Regulation FD Disclosure</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">On October 12, 2012, the Company issued a press release announcing
the sale of securities under the Financing.&nbsp;&nbsp;A copy of this press release is included as Exhibit 99.1 to this Current
Report on Form 8-K.</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&nbsp;&nbsp;&nbsp;&#9;Financial Statements and Exhibits:</B></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left">(a)</TD><TD STYLE="text-align: justify">Financial Statements - Not Applicable</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left">(b)</TD><TD STYLE="text-align: justify">Pro-Forma Financial Information - Not Applicable</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left">(c)</TD><TD STYLE="text-align: justify">Shell Company Transactions - Not Applicable</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left">(d)</TD><TD STYLE="text-align: justify">Exhibits:</TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left">3.1</TD><TD STYLE="text-align: justify">Certificate of Designation.*</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left">10.1</TD><TD STYLE="text-align: justify">Form of Subscription Agreement by and among the Company
and certain investors.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left">10.2</TD><TD STYLE="text-align: justify">Form of Warrant</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left">99.1</TD><TD STYLE="text-align: justify">Press Release dated October 12, 2012</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">* Filed as Exhibit 3.1 to the Company&rsquo;s Current Report
on Form 8-K, filed October 4, 2012, and incorporated herein by reference.</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"><B>SIGNATURES</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">&nbsp;&nbsp;&nbsp;&nbsp;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 thereunto
duly authorized.</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">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="RIGHT" STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>BEESFREE, INC.</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">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 6%">By:</TD>
    <TD STYLE="width: 92%; text-decoration: underline"><U>./s/ <I>David W. Todhunter</I>&#9;&#9;&#9;</U></TD>
    <TD STYLE="width: 1%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>David W. Todhunter</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>President and Chief Executive Officer &nbsp;</TD>
    <TD>&nbsp;</TD></TR>
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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">Dated: October 12, 2012</P>

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{"company-data": {"conformed-name": "BeesFree, Inc.", "cik": "0001432139", "assigned-sic": "5190", "irs-number": "920189305", "state-of-incorporation": "NV", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-53212", "film-number": "121142765"}, "business-address": {"street1": "2101 VISTA PARKWAY,", "street2": "SUITE 122", "city": "WEST PALM BEACH,", "state": "FL", "zip": "33411", "phone": "561 939 4860"}, "mail-address": {"street1": "2101 VISTA PARKWAY,", "street2": "SUITE 122", "city": "WEST PALM BEACH,", "state": "FL", "zip": "33411"}, "former-company": {"former-conformed-name": "BNH INC", "date-changed": "20080410"}}
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: October 10, 2012
(Date of Earliest Event Reported)
BEESFREE, INC.
(Exact name of Registrant
as specified in its charter)
Nevada
(State or other jurisdiction of
incorporation or organization)
000-53212
(Commission File Number)
92-0189305
(I.R.S. Employer
Identification No.)
2101 Vista Parkway, Suite 122
West Palm Beach, Florida 33411
(Address of principal
executive offices) (Zip Code)
Registrant's telephone number, including
area code:
(561) 939-4860
____________________________________
(Former name, 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.
Pursuant to a Subscription Agreement (the "Subscription
Agreement"), dated October 10, 2012, BeesFree, Inc. (the "Company") raised aggregate gross proceeds of $
542,325
(the "Financing"). The Company entered into a Subscription Agreement with five accredited investors (the "Investors").
In connection with the Financing, the Company sold to the Investors
an aggregate of 3,099 shares of its newly created Series B Cumulative Convertible Preferred Stock, par value $0.001 per share
(the "Series B Preferred Stock") at a purchase price of $175.00 per share (the "Series B Preferred Stock Price"),
and warrants (the "Warrants") to purchase an aggregate of 309,900 shares of our common stock, par value $0.001 per
share (the "Common Stock"), for an aggregate purchase price of $
542,325
.
Series B Preferred Stock
In connection with the Financing, as disclosed in the Company's
Current Report on Form 8-K, filed October 4, 2012, the Company designated 50,000 shares of its blank check preferred stock as "Series B
Cumulative Convertible Preferred Stock" by filing a Certificate of Designation (the "Certificate of Designation")
with the Secretary of State of Nevada establishing the Series B Preferred Stock.
Each share of Series B Preferred Stock is
convertible, at the option of the holder thereof, at any time after the date of issuance, into such number of shares of Common
Stock as is determined by dividing the Series B Preferred Stock Price by the Series B conversion price (the "Conversion Price"),
which is initially $1.75 (i.e, each share is initially convertible into approximately 100 shares of Common Stock). Accordingly,
the 3,099 shares of Series B Preferred Stock sold in the Financing are initially convertible into a total of 309,900 shares of
Common Stock. The Series B Preferred Stock will also automatically convert into shares of Common Stock after three (3) years from
issuance under the same terms as those set forth above.
From the date of the Subscription Agreement
u
ntil
the earlier of 90 days following such date that all of the Registrable Securities (as defined
in the Subscription Agreement) are either included for resale in an effective registration statement or are eligible for resale
without restriction pursuant to Rule 144(b)(1)(i) of the Securities Act, or a combination thereof,
t
he
conversion price of the Series B Preferred Stock is subject to full-ratchet price protection in the event the Company issues or
sells, or is deemed to have issued or sold, subject to certain standard exceptions, any shares of its Common Stock or securities
convertible in Common Stock for consideration per share less than the Conversion Price of the Series B Preferred Stock then in
effect. In addition, the Conversion Price may be adjusted to reflect subdivisions or combinations of the Company's Common
Stock such as through stock splits, dividends, distributions and similar adjustments to its capital stock.
The holders of Series B Preferred Stock do not have the right
to vote on any matter except with respect to certain protective provisions pursuant to which the majority of the Series B Preferred
Stock have the right to approve as further described in the Certificate of Designation. The shares of Series B Preferred Stock
are entitled to receive cumulative dividends at the rate of 12% pre annum, which dividends may be paid in shares of the Company's
Common Stock in the Company's sole discretion. Upon the occurrence of an Event of Default (as defined in the Certificate
of Designation), the dividend rate shall increase to 15% per annum during the pendency of such Event of Default.
In the event of any liquidation, dissolution or winding up of
the Company, either voluntary or involuntary, the holders of the Series B Preferred Stock will be entitled to receive, on a pari
passu basis with the Company's issued and outstanding shares of Series A Cumulative Convertible Preferred Stock, and any
class or series of capital stock of the Company created specifically ranking, by its terms, on parity with the Series B Preferred
Stock, and prior and in preference to any distribution of any of the assets or surplus funds of the Company to the holders of the
Common Stock, an amount equal to the Series B Preferred Stock Price.
2
Warrants
In connection with the Financing,
the Company also issued Warrants to purchase a total of 309,900 shares of Common Stock (the "Warrant Shares). Each Warrant
has an exercise price of $2.26 per share and is fully vested. The warrants expire five years from the date of issuance and in the
event that
if after the 6 month anniversary of the initial exercise date of each Warrant there is no effective registration
statement registering, or no current prospectus available for the resale of, the Warrant Shares by the holder, the Warrant may
be exercised, in whole or in part, on a cashless basis.
The Warrants also provide for full ratchet anti-dilution protection
in the event that any shares of Common Stock, or securities convertible into Common Stock, are issued at less than the Exercise
Price of the Warrants, subject to certain standard exceptions, u
ntil
the earlier of 90 days following
such date that all of the Registrable Securities (as defined in the Subscription Agreement) are either included for resale in an
effective registration statement or are eligible for resale without restriction pursuant to Rule 144(b)(1)(i) of the Securities
Act, or a combination thereof.
Registration Rights
The Company also agreed under the Subscription Agreement to,
on one occasion, register the shares of Common Stock underlying the Series B Preferred and the Warrants upon the demand of the
holders of the majority of the Series B Preferred for a two year period beginning 91 days from issuance, and the Company also agreed
to indemnify the Investors for losses arising out of or resulting from material breaches of representations, warranties, agreements
and covenants made by the Company in the Subscription Agreement.
The foregoing summary of the terms and conditions of the Subscription
Agreement, Certificate of Designation, and Warrants do not purport to be complete and is qualified in its entirety by reference
to the full text of each of the aforementioned documents attached as Exhibits hereto, and which are hereby incorporated herein
by reference.
Item 3.02. Unregistered Sales of Equity Securities
See Item 1.01 of this Current Report on Form 8-K, which Item
is incorporated herein by this reference, for a description of the terms of the Subscription Agreement, the Series B Preferred
Stock and Warrants, including the issuance of the securities in connection therewith.
The securities issued above were issued under the exemption
from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended. The securities contain a legend restricting
transferability absent registration or applicable exemption. The Investors received current information about the Company and had
the opportunity to ask questions about the Company. All of the Investors were deemed accredited.
3
Item 7.01    	Regulation FD Disclosure
On October 12, 2012, the Company issued a press release announcing
the sale of securities under the Financing.  A copy of this press release is included as Exhibit 99.1 to this Current
Report on Form 8-K.
Item 9.01   	Financial Statements and Exhibits:
(a)
Financial Statements - Not Applicable
(b)
Pro-Forma Financial Information - Not Applicable
(c)
Shell Company Transactions - Not Applicable
(d)
Exhibits:
3.1
Certificate of Designation.*
10.1
Form of Subscription Agreement by and among the Company
and certain investors.
10.2
Form of Warrant
99.1
Press Release dated October 12, 2012
* Filed as Exhibit 3.1 to the Company's Current Report
on Form 8-K, filed October 4, 2012, and incorporated herein by reference.
4
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 thereunto
duly authorized.
BEESFREE, INC.
By:
./s/
David W. Todhunter
David W. Todhunter
President and Chief Executive Officer
Dated: October 12, 2012
5