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<META NAME="author" CONTENT="Suzette O'Connor">
<META NAME="date" CONTENT="05/28/2012">
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<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px; FONT-SIZE: 12pt" align=center><B>UNITED STATES</B></P>
<P style="MARGIN: 0px; FONT-SIZE: 12pt" align=center><B>SECURITIES AND EXCHANGE
COMMISSION</B></P>
<P style="MARGIN: 0px; FONT-SIZE: 12pt" align=center>Washington, D.C. 20549</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px; FONT-SIZE: 14pt" align=center><B>FORM 8-K</B></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px" align=center><B>CURRENT REPORT</B></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px" align=center><B>Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934</B></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px" align=center>Date of Report (Date of earliest event
reported): <B>July 18, 2012</B></P>
<P style="MARGIN: 0px" align=center><BR></P>
<P style="MARGIN: 0px; FONT-SIZE: 16pt" align=center><B>ACCELPATH, INC</B></P>
<P style="MARGIN: 0px" align=center>(Exact name of registrant as specified in
its charter)</P>
<P style="MARGIN: 0px" align=center><BR></P>
<TABLE style="MARGIN-TOP: 0px; FONT-SIZE: 10pt" cellSpacing=0 cellPadding=0
width="100%">

  <TR style="FONT-SIZE: 0px">
    <TD>
    <TD width=13>
    <TD width=223>
    <TD width=13>
    <TD width=223></TD>
  <TR>
    <TD style="BORDER-BOTTOM: #000000 2px solid; MARGIN-TOP: 0px"
      vAlign=bottom><P style="MARGIN: 0px" align=center><B>Delaware</B></P></TD>
    <TD style="MARGIN-TOP: 0px" vAlign=bottom width=13>
      <P style="MARGIN: 0px"><B></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid; MARGIN-TOP: 0px" vAlign=bottom
    width=223>
      <P style="MARGIN: 0px" align=center><B>000-27023</B></P></TD>
    <TD style="MARGIN-TOP: 0px" vAlign=bottom width=13>
      <P style="MARGIN: 0px"><B></B>&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: #000000 2px solid; MARGIN-TOP: 0px" vAlign=bottom
    width=223>
      <P style="MARGIN: 0px" align=center><B>45-5151193</B></P></TD></TR>
  <TR>
    <TD style="MARGIN-TOP: 0px" vAlign=bottom>
      <P style="MARGIN: 0px"
      align=center>(State&nbsp;or&nbsp;other&nbsp;jurisdiction</P></TD>
    <TD style="MARGIN-TOP: 0px" vAlign=bottom width=13>
      <P style="MARGIN: 0px">&nbsp;</P></TD>
    <TD style="MARGIN-TOP: 0px" vAlign=bottom width=223>
      <P style="MARGIN: 0px"
    align=center>(Commission&nbsp;File&nbsp;Number)</P></TD>
    <TD style="MARGIN-TOP: 0px" vAlign=bottom width=13>
      <P style="MARGIN: 0px">&nbsp;</P></TD>
    <TD style="MARGIN-TOP: 0px" vAlign=bottom width=223>
      <P style="MARGIN: 0px" align=center>(IRS&nbsp;Employer</P></TD></TR>
  <TR>
    <TD style="MARGIN-TOP: 0px" vAlign=bottom>
      <P style="MARGIN: 0px" align=center>of&nbsp;incorporation)</P></TD>
    <TD style="MARGIN-TOP: 0px" vAlign=bottom width=13>
      <P
      style="PADDING-BOTTOM: 0px; MARGIN: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px">&nbsp;</P></TD>
    <TD style="MARGIN-TOP: 0px" vAlign=bottom width=223>
      <P
      style="PADDING-BOTTOM: 0px; MARGIN: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px">&nbsp;</P></TD>
    <TD style="MARGIN-TOP: 0px" vAlign=bottom width=13>
      <P
      style="PADDING-BOTTOM: 0px; MARGIN: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px">&nbsp;</P></TD>
    <TD style="MARGIN-TOP: 0px" vAlign=bottom width=223>
      <P style="MARGIN: 0px"
  align=center>Identification&nbsp;No.)</P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px" align=center><B>352A Christopher Avenue,</B></P>
<P style="MARGIN: 0px" align=center><B>Gaithersburg, Maryland 20879</B></P>
<P style="MARGIN: 0px" align=center>(Address of Principal Executive Offices)</P>
<P style="MARGIN: 0px" align=center><BR></P>
<P style="MARGIN: 0px" align=center><B>(301) 767-2810</B></P>
<P style="MARGIN: 0px" align=center>Registrant's telephone number, including
area code</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px" 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="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px; FONT-FAMILY: Wingdings" align=justify>"<FONT
style="FONT-FAMILY: Times New Roman">&nbsp;Written communications pursuant to
Rule 425 under the Securities Act (17 CFR 230.425)</FONT></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px; FONT-FAMILY: Wingdings" align=justify>"<FONT
style="FONT-FAMILY: Times New Roman">&nbsp;Soliciting material pursuant to Rule
14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px; FONT-FAMILY: Wingdings" align=justify>"<FONT
style="FONT-FAMILY: Times New Roman">&nbsp;Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))</FONT></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px; FONT-FAMILY: Wingdings" align=justify>"<FONT
style="FONT-FAMILY: Times New Roman">&nbsp;Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))</FONT></P><A name=pgbrk></A><A name=ftr></A><A name=glftr></A>
<P style="MARGIN: 0px"><BR></P><A name=pn></A><A name=hdr></A><A name=glhdr></A>
<P style="MARGIN: 0px"><BR><BR></P>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><B>Item&nbsp;1.01 Entry into Material Definitive
Agreement.</B></P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>On July 18, 2012, AccelPath, Inc. (the
"<U>Company</U>") entered into a subscription agreement (the "<U>Subscription
Agreement</U>") with Southridge Partners II, LP ("<U>Southridge</U>") for the
purchase of a convertible promissory note in the aggregate principal amount of
$100,000 (the "<U>Convertible Note</U>"). The Convertible Note accrues interest
at a rate of 5% per annum and is due on January 31, 2013. &nbsp;Southridge has
the option to convert all or a portion of the principal amount of the
Convertible Note plus accrued interest into shares of the Company's common
stock, par value $0.0001 per share (the "<U>Common Stock</U>") at a per share
conversion price of $0.0075. &nbsp;</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>On July 18, 2012, the Company entered into
an exchange agreement (the "<U>Exchange Agreement</U>") with Southridge whereby
Southridge, exchanged 100 shares of the Company's Series E Preferred Stock (the
"<U>Series E Preferred Stock</U>") to the Company in exchange for a newly issued
convertible promissory note in the principal amount of $105,834 (the
"<U>Exchange Note</U>"). &nbsp;The Note accrues interest at a rate of 5% per
annum and is due on September 1, 2013. &nbsp;Southridge has the option to
convert all or a portion of the principal amount of the Exchange Note plus
accrued interest into shares of the Company's Common Stock at a per share
conversion price equal to the then current market price multiplied by 60%.</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>The above description of the Subscription
Agreement, Exchange Agreement, Convertible Note and Exchange Note does not
purport to be complete and is qualified in its entirety by the full text of such
documents, which are attached as Exhibits 10.1, 10.2 10.3 and 10.4,
respectively, to this Current Report on Form 8-K and incorporated herein by
reference.</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px"><B>Item 2.03 Creation of a Direct Financial Obligation or
an Obligation under an Off-Balance Sheet Arrangement of a Registrant.</B></P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>The information set forth in Item 1.01 of
this Current Report on Form 8-K is incorporated by reference in to this Item
2.03. </P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><B>Item 3.02 Unregistered Sales of Equity
Securities.</B></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px" align=justify>The information set forth in Item 1.01 of
this Current Report on Form 8-K is incorporated by reference in to this Item
3.02. &nbsp;&nbsp;</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px" align=justify>These securities were not registered under
the Securities Act of 1933, as amended (the "<U>Securities Act</U>"), and
qualified for exemption under Section 4(2) of the Securities Act because the
issuance of the securities did not involve a public offering. The offering was
not a "public offering" as defined in Section 4(2) due to the insubstantial
number of persons involved in the transaction, size of the offering, manner of
the offering and number of securities offered.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><B>Item&nbsp;9.01 Financial Statements and
Exhibits</B></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">(d)&nbsp;Exhibits</P>
<P style="MARGIN: 0px"><BR></P>
<TABLE style="MARGIN-TOP: 0px; FONT-SIZE: 10pt" cellSpacing=0 cellPadding=0
width="100%">

  <TR style="FONT-SIZE: 0px">
    <TD width=83>
    <TD width=13>
    <TD></TD>
  <TR>
    <TD style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" vAlign=bottom
    width=83>
      <P
      style="TEXT-INDENT: -17px; MARGIN: 0px; PADDING-LEFT: 17px; FONT-SIZE: 8pt"><B>Exhibit
      No.</B></P></TD>
    <TD style="MARGIN-TOP: 0px" vAlign=bottom width=13>
      <P style="MARGIN: 0px; FONT-SIZE: 8pt">&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px"
      vAlign=bottom><P
    style="MARGIN: 0px; FONT-SIZE: 8pt"><B>Description</B></P></TD></TR>
  <TR>
    <TD style="MARGIN-TOP: 0px" vAlign=bottom width=83>
      <P style="MARGIN: 0px">&nbsp;</P></TD>
    <TD style="MARGIN-TOP: 0px" vAlign=bottom width=13>
      <P style="MARGIN: 0px">&nbsp;</P></TD>
    <TD style="MARGIN-TOP: 0px" vAlign=bottom>
      <P style="MARGIN: 0px">&nbsp;</P></TD></TR>
  <TR>
    <TD style="MARGIN-TOP: 0px" vAlign=top width=83>
      <P style="MARGIN: 0px">10.1</P></TD>
    <TD style="MARGIN-TOP: 0px" vAlign=bottom width=13>
      <P style="MARGIN: 0px">&nbsp;</P></TD>
    <TD style="MARGIN-TOP: 0px" vAlign=top>
      <P style="MARGIN: 0px">Subscription Agreement by and among the Company and
      Southridge, dated July 18, 2012</P></TD></TR>
  <TR>
    <TD style="MARGIN-TOP: 0px" vAlign=top width=83>
      <P
      style="PADDING-BOTTOM: 0px; MARGIN: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px">&nbsp;</P></TD>
    <TD style="MARGIN-TOP: 0px" vAlign=bottom width=13>
      <P
      style="PADDING-BOTTOM: 0px; MARGIN: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px">&nbsp;</P></TD>
    <TD style="MARGIN-TOP: 0px" vAlign=top>
      <P
      style="PADDING-BOTTOM: 0px; MARGIN: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px">&nbsp;</P></TD></TR>
  <TR>
    <TD style="MARGIN-TOP: 0px" vAlign=top width=83>
      <P style="MARGIN: 0px">10.2</P></TD>
    <TD style="MARGIN-TOP: 0px" vAlign=bottom width=13>
      <P style="MARGIN: 0px">&nbsp;</P></TD>
    <TD style="MARGIN-TOP: 0px" vAlign=top>
      <P style="MARGIN: 0px">Exchange Agreement, by and among the Company and
      Southridge, dated July 18, 2012</P></TD></TR>
  <TR>
    <TD style="MARGIN-TOP: 0px" vAlign=top width=83>
      <P style="MARGIN: 0px">&nbsp;</P></TD>
    <TD style="MARGIN-TOP: 0px" vAlign=bottom width=13>
      <P style="MARGIN: 0px">&nbsp;</P></TD>
    <TD style="MARGIN-TOP: 0px" vAlign=top>
      <P style="MARGIN: 0px">&nbsp;</P></TD></TR>
  <TR>
    <TD style="MARGIN-TOP: 0px" vAlign=top width=83>
      <P style="MARGIN: 0px">10.3</P></TD>
    <TD style="MARGIN-TOP: 0px" vAlign=bottom width=13>
      <P style="MARGIN: 0px">&nbsp;</P></TD>
    <TD style="MARGIN-TOP: 0px" vAlign=top>
      <P style="MARGIN: 0px">Convertible Note issued in favor of Southridge,
      dated July 18, 2012</P></TD></TR>
  <TR>
    <TD style="MARGIN-TOP: 0px" vAlign=top width=83>
      <P style="MARGIN: 0px">&nbsp;</P></TD>
    <TD style="MARGIN-TOP: 0px" vAlign=bottom width=13>
      <P style="MARGIN: 0px">&nbsp;</P></TD>
    <TD style="MARGIN-TOP: 0px" vAlign=top>
      <P style="MARGIN: 0px">&nbsp;</P></TD></TR>
  <TR>
    <TD style="MARGIN-TOP: 0px" vAlign=top width=83>
      <P style="MARGIN: 0px">10.4</P></TD>
    <TD style="MARGIN-TOP: 0px" vAlign=bottom width=13>
      <P style="MARGIN: 0px">&nbsp;</P></TD>
    <TD style="MARGIN-TOP: 0px" vAlign=top>
      <P style="MARGIN: 0px">Exchange Note issued in favor of Southridge, dated
      July 18, 2012</P></TD></TR></TABLE>
<P style="MARGIN: 0px" align=center><BR></P>
<P style="MARGIN: 0px" align=center><BR><BR></P>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=center><BR></P>
<P style="MARGIN: 0px" align=center><B>SIGNATURES</B></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">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="MARGIN: 0px"><BR></P>
<TABLE style="MARGIN-TOP: 0px; FONT-SIZE: 10pt" cellSpacing=0 cellPadding=0
width="100%">

  <TR style="FONT-SIZE: 0px">
    <TD>
    <TD width=29>
    <TD width=47>
    <TD width=222>
    <TD width=92></TD>
  <TR>
    <TD style="MARGIN-TOP: 0px" vAlign=top>
      <P style="MARGIN: 0px">&nbsp;</P></TD>
    <TD style="MARGIN-TOP: 0px" width=299 colSpan=3>
      <P style="MARGIN: 0px">ACCELPATH, INC.</P></TD>
    <TD style="MARGIN-TOP: 0px" width=92>
      <P style="MARGIN: 0px">&nbsp;</P></TD></TR>
  <TR>
    <TD style="MARGIN-TOP: 0px" vAlign=top>
      <P
      style="PADDING-BOTTOM: 0px; MARGIN: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px">&nbsp;</P></TD>
    <TD style="MARGIN-TOP: 0px" width=299 colSpan=3>
      <P style="MARGIN: 0px">&nbsp;</P></TD>
    <TD style="MARGIN-TOP: 0px" width=92>
      <P
      style="PADDING-BOTTOM: 0px; MARGIN: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px">&nbsp;</P></TD></TR>
  <TR>
    <TD style="MARGIN-TOP: 0px">
      <P style="MARGIN: 0px">Date: July&nbsp;24, 2012</P></TD>
    <TD style="MARGIN-TOP: 0px" vAlign=top width=29>
      <P style="MARGIN: 0px">By:&nbsp;&nbsp;</P></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" width=270
    colSpan=2>
      <P style="MARGIN: 0px">/s/ Shekhar Wadekar</P></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" width=92>
      <P style="MARGIN: 0px">&nbsp;</P></TD></TR>
  <TR>
    <TD style="MARGIN-TOP: 0px">
      <P style="MARGIN: 0px">&nbsp;</P></TD>
    <TD style="MARGIN-TOP: 0px" width=29>
      <P style="MARGIN: 0px">&nbsp;</P></TD>
    <TD style="MARGIN-TOP: 0px" vAlign=top width=47>
      <P style="MARGIN: 0px">Name:&nbsp;&nbsp;</P></TD>
    <TD style="MARGIN-TOP: 0px" width=222>
      <P style="MARGIN: 0px">Shekhar Wadekar&nbsp;</P></TD>
    <TD style="MARGIN-TOP: 0px" width=92>
      <P style="MARGIN: 0px">&nbsp;</P></TD></TR>
  <TR>
    <TD style="MARGIN-TOP: 0px">
      <P style="MARGIN: 0px">&nbsp;</P></TD>
    <TD style="MARGIN-TOP: 0px" width=29>
      <P style="MARGIN: 0px">&nbsp;</P></TD>
    <TD style="MARGIN-TOP: 0px" vAlign=top width=47>
      <P style="MARGIN: 0px">Title:&nbsp;&nbsp;</P></TD>
    <TD style="MARGIN-TOP: 0px" width=222>
      <P style="MARGIN: 0px">Chief Executive Officer&nbsp;</P></TD>
    <TD style="MARGIN-TOP: 0px" width=92>
      <P style="MARGIN: 0px">&nbsp;</P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR><BR></P></DIV><!-- EDGAR Validation Code: 0F603257 --></BODY></HTML>
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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 18, 2012
ACCELPATH, INC
(Exact name of registrant as specified in
its charter)
Delaware
000-27023
45-5151193
(State or other jurisdiction
(Commission File Number)
(IRS Employer
of incorporation)
Identification No.)
352A Christopher Avenue,
Gaithersburg, Maryland 20879
(Address of Principal Executive Offices)
(301) 767-2810
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:
"
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 Material Definitive
Agreement.
On July 18, 2012, AccelPath, Inc. (the
"
Company
") entered into a subscription agreement (the "
Subscription
Agreement
") with Southridge Partners II, LP ("
Southridge
") for the
purchase of a convertible promissory note in the aggregate principal amount of
$100,000 (the "
Convertible Note
"). The Convertible Note accrues interest
at a rate of 5% per annum and is due on January 31, 2013.  Southridge has
the option to convert all or a portion of the principal amount of the
Convertible Note plus accrued interest into shares of the Company's common
stock, par value $0.0001 per share (the "
Common Stock
") at a per share
conversion price of $0.0075.
On July 18, 2012, the Company entered into
an exchange agreement (the "
Exchange Agreement
") with Southridge whereby
Southridge, exchanged 100 shares of the Company's Series E Preferred Stock (the
"
Series E Preferred Stock
") to the Company in exchange for a newly issued
convertible promissory note in the principal amount of $105,834 (the
"
Exchange Note
").  The Note accrues interest at a rate of 5% per
annum and is due on September 1, 2013.  Southridge has the option to
convert all or a portion of the principal amount of the Exchange Note plus
accrued interest into shares of the Company's Common Stock at a per share
conversion price equal to the then current market price multiplied by 60%.
The above description of the Subscription
Agreement, Exchange Agreement, Convertible Note and Exchange Note does not
purport to be complete and is qualified in its entirety by the full text of such
documents, which are attached as Exhibits 10.1, 10.2 10.3 and 10.4,
respectively, to this Current Report on Form 8-K and 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 of
this Current Report on Form 8-K is incorporated by reference in to this Item
2.03.
Item 3.02 Unregistered Sales of Equity
Securities.
The information set forth in Item 1.01 of
this Current Report on Form 8-K is incorporated by reference in to this Item
3.02.
These securities were not registered under
the Securities Act of 1933, as amended (the "
Securities Act
"), and
qualified for exemption under Section 4(2) of the Securities Act because the
issuance of the securities did not involve a public offering. The offering was
not a "public offering" as defined in Section 4(2) due to the insubstantial
number of persons involved in the transaction, size of the offering, manner of
the offering and number of securities offered.
Item 9.01 Financial Statements and
Exhibits
(d) Exhibits
Exhibit
      No.
Description
10.1
Subscription Agreement by and among the Company and
      Southridge, dated July 18, 2012
10.2
Exchange Agreement, by and among the Company and
      Southridge, dated July 18, 2012
10.3
Convertible Note issued in favor of Southridge,
      dated July 18, 2012
10.4
Exchange Note issued in favor of Southridge, dated
      July 18, 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.
ACCELPATH, INC.
Date: July 24, 2012
By:
/s/ Shekhar Wadekar
Name:
Shekhar Wadekar
Title:
Chief Executive Officer