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

<P STYLE="font: 18pt 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">&nbsp;</P>

<P STYLE="font: 18pt 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; 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">&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>Date of Report (Date of Earliest Event
Reported):&nbsp;&nbsp;May 21, 2012 (May 2, 2012)</B></P>

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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<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>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 84px; font-weight: bold">Item 1.01&nbsp;</TD>
    <TD STYLE="font-weight: bold">Entry into a Material Definitive Agreement.</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">On May 2, 2012, Q Lotus Holdings, Inc. (the &ldquo;Company&rdquo;)
entered into a financing transaction with Asher Enterprises, Inc., (&ldquo;Asher&rdquo;)&nbsp;&nbsp;pursuant to which the Company
issued a $37,500 principal amount, 8% Convertible Note (the &ldquo;Note&rdquo;) to Asher. The Note matures on February 4, 2013,
is unsecured, and provides for the conversion of all principal and interest outstanding under the Note into shares of the Company&rsquo;s
common stock beginning six months after the issuance date of the Note, at a rate of 51% of the &ldquo;market price&rdquo; of the
Company&rsquo;s common stock. Market price shall mean the average of the lowest three (3) trading prices for the common stock during
the ten (10) trading day period ending on the latest complete trading day prior to the Conversion Date. Notwithstanding the forgoing,
the Note requires 61 days prior written notice of conversion to the Company if such conversion would put Asher or its affiliates
over 4.99% beneficial ownership in the Company.</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 conversion price of the Note is subject to adjustment in
the event of stock splits, dividends, distributions and similar adjustments to our capital stock.&nbsp;&nbsp;The number of shares
of Common Stock subject to the Note is subject to adjustment in the event of mergers, distributions, sale of substantially all
of the Company&rsquo;s assets, tender offers and dilutive issuances.</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 Note may be prepaid at the option of the Company as follows:
(i) 140% of the principal amount of the note plus accrued and unpaid interest if redeemed within 90 days of the date of issuance,
(ii) 145% of the principal amount of the note plus accrued and unpaid interest if redeemed after 90 days through 150 days of the
date of issuance and (iii) 150% of the principal amount of the note plus accrued and unpaid interest if redeemed after 150 days
through 180 days of the date of issuance.&nbsp;&nbsp;After 180 days from the date of issuance, the Note may not be prepaid at the
option of the Company.</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 description of the Purchase Agreement and the terms of the
Note issued pursuant thereto contained in this Item&nbsp;1.01 is a summary and is qualified in its entirety by reference to the
copies of the Purchase Agreement and Note that are attached hereto as exhibits, each of which is incorporated herein by reference.</P>

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

<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 84px; font-weight: bold">Item&nbsp;2.03</TD>
    <TD STYLE="font-weight: bold">Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.</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">The information set forth in Item&nbsp;1.01
hereof is incorporated herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</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: 84px; font-weight: bold">Item 3.02</TD>
    <TD STYLE="width: 87%; padding-right: 5.4pt; padding-left: 5.4pt; font-weight: bold"><B>Unregistered Sales of Equity Securities.</B></TD></TR>
</TABLE>
<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">The information set forth in Item&nbsp;1.01
hereof is 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; text-indent: 0.5in">The issuance and sale of the securities
in the private placement is exempt from registration under the Securities Act of 1933, as amended, pursuant to Regulation&nbsp;D
and Rule&nbsp;506 promulgated thereunder. We have furnished certain information to Asher as required by Regulation&nbsp;D, and
Asher has provided certain representations to us evidencing that it is an &ldquo;accredited investor&rdquo; as defined in Regulation&nbsp;D.
We have not engaged in general solicitation or advertising with regard to the private placement and have not offered securities
to the public in connection with this transaction.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 84px; font-weight: bold">Item 9.01&nbsp;</TD>
    <TD STYLE="font-weight: bold">Financial Statements And Exhibits.</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">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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">10.39. &#9;Securities Purchase Agreement, dated May 2, 2012,
between the Company and Asher Enterprises, Inc.</P>

<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">10.40&#9;Convertible Promissory Note dated May 2, 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"></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">&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">Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P STYLE="font: 10pt 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" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-decoration: underline">Q LOTUS HOLDINGS, INC.</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-left: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Registrant)</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 35%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: white 3pt solid">Date:&nbsp;&nbsp;May 18, 2012</TD>
    <TD STYLE="border-bottom: white 3pt solid">By:</TD>
    <TD NOWRAP STYLE="border-bottom: black 1.5pt solid">/s/ Gary A. Rosenberg</TD>
    <TD STYLE="border-bottom: white 3pt solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD NOWRAP STYLE="vertical-align: bottom">Gary A. Rosenberg</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">Chief Executive Officer</TD>
    <TD>&nbsp;</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">&nbsp;</P>

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[{"type": "8-K", "sequence": "1", "filename": "v313695_8k.htm", "description": "8-K", "secsgml_size_bytes": 16592}]
{"company-data": {"conformed-name": "Q LOTUS HOLDINGS INC", "cik": "0001391142", "assigned-sic": "7389", "irs-number": "141961383", "state-of-incorporation": "NV", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-52955", "film-number": "12857814"}, "business-address": {"street1": "500 NORTH DEARBORN STREET SUITE 605", "city": "CHICAGO", "state": "IL", "zip": "60654", "phone": "312 379-1800"}, "mail-address": {"street1": "500 NORTH DEARBORN STREET SUITE 605", "city": "CHICAGO", "state": "IL", "zip": "60654"}, "former-company": [{"former-conformed-name": "Extreme Home Staging Inc", "date-changed": "20071022"}, {"former-conformed-name": "Extreme Home Straging Inc", "date-changed": "20070226"}]}
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event
Reported):  May 21, 2012 (May 2, 2012)
Q Lotus Holdings, Inc.
(Exact name of registrant as specified in
its charter)
Nevada
000-52595
14-1961383
(State or other jurisdiction of
(Commission
(I.R.S. Employer
incorporation or organization)
File Number)
Identification Number)
500 North Dearborn Street, Suite 605, Chicago,
IL 60654
(Address of principal executive offices,
including Zip Code)
Registrant's telephone number, including
area code:  (312) 379-1800
_________________________________________________
(Former name or former address, if changed
since last report.)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01
Entry into a Material Definitive Agreement.
On May 2, 2012, Q Lotus Holdings, Inc. (the "Company")
entered into a financing transaction with Asher Enterprises, Inc., ("Asher")  pursuant to which the Company
issued a $37,500 principal amount, 8% Convertible Note (the "Note") to Asher. The Note matures on February 4, 2013,
is unsecured, and provides for the conversion of all principal and interest outstanding under the Note into shares of the Company's
common stock beginning six months after the issuance date of the Note, at a rate of 51% of the "market price" of the
Company's common stock. Market price shall mean the average of the lowest three (3) trading prices for the common stock during
the ten (10) trading day period ending on the latest complete trading day prior to the Conversion Date. Notwithstanding the forgoing,
the Note requires 61 days prior written notice of conversion to the Company if such conversion would put Asher or its affiliates
over 4.99% beneficial ownership in the Company.
The conversion price of the Note is subject to adjustment in
the event of stock splits, dividends, distributions and similar adjustments to our capital stock.  The number of shares
of Common Stock subject to the Note is subject to adjustment in the event of mergers, distributions, sale of substantially all
of the Company's assets, tender offers and dilutive issuances.
The Note may be prepaid at the option of the Company as follows:
(i) 140% of the principal amount of the note plus accrued and unpaid interest if redeemed within 90 days of the date of issuance,
(ii) 145% of the principal amount of the note plus accrued and unpaid interest if redeemed after 90 days through 150 days of the
date of issuance and (iii) 150% of the principal amount of the note plus accrued and unpaid interest if redeemed after 150 days
through 180 days of the date of issuance.  After 180 days from the date of issuance, the Note may not be prepaid at the
option of the Company.
The description of the Purchase Agreement and the terms of the
Note issued pursuant thereto contained in this Item 1.01 is a summary and is qualified in its entirety by reference to the
copies of the Purchase Agreement and Note that are attached hereto as exhibits, each of which is incorporated herein by reference.
Item 2.03
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth in Item 1.01
hereof is incorporated herein by reference.
Item 3.02
Unregistered Sales of Equity Securities.
The information set forth in Item 1.01
hereof is incorporated herein by reference.
The issuance and sale of the securities
in the private placement is exempt from registration under the Securities Act of 1933, as amended, pursuant to Regulation D
and Rule 506 promulgated thereunder. We have furnished certain information to Asher as required by Regulation D, and
Asher has provided certain representations to us evidencing that it is an "accredited investor" as defined in Regulation D.
We have not engaged in general solicitation or advertising with regard to the private placement and have not offered securities
to the public in connection with this transaction.
Item 9.01
Financial Statements And Exhibits.
(c)           Exhibits.
10.39. 	Securities Purchase Agreement, dated May 2, 2012,
between the Company and Asher Enterprises, Inc.
10.40	Convertible Promissory Note dated May 2, 2012.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Q LOTUS HOLDINGS, INC.
(Registrant)
Date:  May 18, 2012
By:
/s/ Gary A. Rosenberg
Gary A. Rosenberg
Chief Executive Officer