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STATES</font></div>
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DC 20549</font></div>
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8-K</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">CURRENT
REPORT</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
to Section 13 OR 15(d) of the Securities Exchange Act of 1934</font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Date
      of Report (Date of earliest event reported)&#160; June 18,
      2008.</font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">SCOUT EXPLORATION,
      INC.</font></font></div>
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      name of registrant as specified in its chapter)</font></div>
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      or other jurisdiction</font></div>
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      incorporation</font></div>
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      Number)</font></div>
            </td>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">98-0504670</font></font></div>
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      Employer</font></div>
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      No.)</font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline">32 Executive Park, Suite 105</font></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Irvine,
      California</font></font></div>
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      of principal executive offices)</font></div>
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      Code)</font></div>
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      </font></td>
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      telephone number, including area code&#160;&#160; <font style="DISPLAY: inline; TEXT-DECORATION: underline">949.265.7717</font></font></div>
            </td>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Former
      name or former address, if changed since last
  report)</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Wingdings">o</font>&#160;&#160;&#160;&#160;&#160;Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Wingdings">o</font>&#160;&#160;&#160;&#160;&#160;Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Wingdings">o</font>&#160;&#160;&#160;&#160;&#160;Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Wingdings">o</font>&#160;&#160;&#160;&#160;&#160;Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CRF
240.13e-4(c))</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div><br>
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      </div>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">1</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
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</font></div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ITEM
1.01&#160;&#160;&#160;&#160;&#160;&#160; ENTRY INTO A MATERIAL DEFINITIVE
AGREEMENT</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On June
18, 2008, we entered into a Share Purchase Agreement by and among Brian Mahood,
defined therein as the &#8220;Vendor,&#8221; and Kerrisdale Resources Ltd., an Alberta
corporation, defined therein as the &#8220;Company&#8221; (the &#8220;Agreement&#8221;).&#160;&#160;The
effective date of the Agreement is January 1, 2008.&#160;&#160;Pursuant to the
provisions of the Agreement, we purchased from Mr. Mahood one hundred (100)
class A voting shares of Kerrisdale Resources Ltd. (the &#8220;Shares).</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
purchase price for the Shares is $775,000 CDN (the &#8220;Purchase Price&#8221;),
and&#160;&#160;$25,000 of the Purchase Price was paid by us to Mr. Mahood on the
date that we signed a Letter of Intent with him.&#160;&#160;Additionally,
$400,000 of the Purchase Price was paid by us to Mr. Mahood on the closing of
the transaction contemplated by the provisions of the Agreement.&#160;&#160;The
remaining $350,000 of the Purchase Price has been assumed by Kerrisdale
Resources Ltd. and, accordingly, Kerrisdale Resources Ltd. is obligated to pay
$350,000 to Mr. Mahood on the terms and subject to the conditions of the
Agreement (the &#8220;Principal Amount&#8221;).&#160;&#160;Interest is to accrue on the
Principal Amount at an annual rate of 6.75%.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On June
18, 2008, as security for the Principal Amount, Kerrisdale Resources Ltd. and
Brian Mahood entered into a General Security Agreement, the effective date of
which is January 1, 2008 (the &#8220;Security Agreement&#8221;).&#160;&#160;Pursuant to the
provisions of the Security Agreement, Kerrisdale Resources Ltd. granted to Mr.
Mahood a continuing security interest in and to all (i) personal property of
Kerrisdale Resources Ltd., including goods, chattel paper, securities, documents
of title, instruments, money, intangibles; (ii)&#160;&#160;real property of
Kerrisdale Resources Ltd., including all charges on land or interests in land
and petroleum and natural gas leases described in the Security Agreement; and
(iii) parts, accessories, attachments, equipment, additions, accretions thereto
and property thereof, together with any equipment or accessories placed upon
repairs made to the foregoing during the term of the Security
Agreement.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Additionally,
pursuant to the provisions of the Agreement, we have agreed to pay Kerrisdale
Consulting Inc., a corporation owned by Mr. Mahood, the principal amount of
$1,000 CDN plus applicable Canadian Goods and Services taxes per month for one
year commencing January 1, 2008, in consideration for consulting services to be
performed by Mr. Mahood for us in connection with operations of Kerrisdale
Resources Ltd., including geological and management advice.&#160;&#160;On June
18, 2008, we entered into a Management Agreement with Kerrisdale Consulting
Inc., pursuant to the provisions of which those management services are to be
performed (the &#8220;Management Agreement&#8221;).&#160;&#160;On June 18, 2008, we paid Mr.
Mahood $6,000 CDN plus applicable Canadian Goods and Services Taxes pursuant to
the provisions of the Management Agreement.&#160;&#160;The effective date of the
Management Agreement is January 1, 2008.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
to the provisions of the Agreement, we agreed to pay Kerrisdale Consulting Inc.
$500 CDN per month for a period of one year commencing January 1, 2008, as rent
pursuant to a sublease by us of office space located at Suite 600, Sixth Avenue
S.W., Calgary, Alberta T2P 0S5.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We do not
have available to include with this report the required financial statements of
Kerrisdale Resources Ltd.&#160;&#160;Accordingly, no such financial statements
are included with this report.&#160;&#160;We anticipate that those financial
statements will be filed no later than October 31, 2008.</font></div>
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</font></div>
      </div>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman">&#160;
</font></div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">A copy of
the Agreement is attached to this report marked as Exhibit 10.1.&#160;&#160;A
copy of the Management Agreement is attached to this report marked Exhibit
10.2.&#160;&#160;A copy of the Security Agreement is attached to this report
marked Exhibit 10.3.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ITEM
9.01&#160;&#160;&#160;&#160;&#160;&#160; FINANCIAL STATEMENTS AND
EXHIBITS</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div align="left">
      <table cellpadding="0" cellspacing="0" width="100%">
          <tr bgcolor="#cceeff">
            <td align="left" valign="top" width="9%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Exhibit
      No.</font></font></div>
            </td>
            <td align="left" valign="top" width="91%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Description</font></font></div>
            </td>
          </tr>
          <tr bgcolor="white">
            <td align="left" valign="top" width="9%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Exhibit
      10.1</font></div>
            </td>
            <td align="left" valign="top" width="91%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Share
      Purchase Agreement entered into June 18, 2008, and effective as of January
      1, 2008, by and among Brian Mahood; Scout Exploration, Inc.; and
      Kerrisdale Resources Ltd.</font></div>
            </td>
          </tr>
          <tr bgcolor="#cceeff">
            <td align="left" valign="top" width="9%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Exhibit
      10.2</font></div>
            </td>
            <td align="left" valign="top" width="91%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Management
      Agreement entered into June 18, 2008, and effective as of January 1, 2008,
      by and among Scout Exploration, Inc. and Kerrisdale Consulting
      Inc.</font></div>
            </td>
          </tr>
          <tr bgcolor="white">
            <td align="left" valign="top" width="9%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Exhibit
      10.3</font></div>
            </td>
            <td align="left" valign="top" width="91%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">General
      Security Agreement entered into June 18, 2008, and effective as of January
      1, 2008, by and among Kerrisdale Resources Ltd. and Brian
      Mahood.</font></div>
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          </tr>
      </table>
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    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SIGNATURES</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Dated:&#160;
August 11, 2008</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SCOUT
EXPLORATION, INC.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">By:<font style="DISPLAY: inline; TEXT-DECORATION: underline">&#160;&#160;&#160;&#160;/s/
Jason
Walsh&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Name:
Jason Walsh</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Title:&#160;&#160;
Secretary</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">3</font></div>
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INDEX</font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Number</font></font></div>
            </td>
            <td valign="top" width="90%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Exhibit</font></font></div>
            </td>
          </tr>
          <tr bgcolor="white">
            <td align="left" valign="top" width="10%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Exhibit
      10.1</font></div>
            </td>
            <td align="left" valign="top" width="90%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Share
      Purchase Agreement entered into June 18, 2008, and effective as of January
      1, 2008, by and among Brian Mahood; Scout Exploration, Inc.; and
      Kerrisdale Resources Ltd.</font></div>
            </td>
          </tr>
          <tr bgcolor="#cceeff">
            <td align="left" valign="top" width="10%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Exhibit
      10.2</font></div>
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      Areement entered into June 18, 2008, and effective as of January 1, 2008,
      by and among Scout Exploration, Inc. and Kerrisdale Consulting
      Inc.</font></div>
            </td>
          </tr>
          <tr bgcolor="white">
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            </td>
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      Security Agreement entered into June 18, 2008, and effective as of January
      1, 2008, by and among Kerrisdale Resources Ltd. and Brian
      Mahood.</font></div>
            </td>
          </tr>
      </table>
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scout8k061808.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 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)  June 18,
      2008.
SCOUT EXPLORATION,
      INC.
(Exact
      name of registrant as specified in its chapter)
Nevada
(State
      or other jurisdiction
of
      incorporation
0-52280
(Commission
File
      Number)
98-0504670
(IRS
      Employer
Identification
      No.)
32 Executive Park, Suite 105
Irvine,
      California
(Address
      of principal executive offices)
92614
(Zip
      Code)
Registrant's
      telephone number, including area code
949.265.7717
N/A
(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 CRF
240.13e-4(c))
1
ITEM
1.01       ENTRY INTO A MATERIAL DEFINITIVE
AGREEMENT
On June
18, 2008, we entered into a Share Purchase Agreement by and among Brian Mahood,
defined therein as the "Vendor," and Kerrisdale Resources Ltd., an Alberta
corporation, defined therein as the "Company" (the "Agreement").  The
effective date of the Agreement is January 1, 2008.  Pursuant to the
provisions of the Agreement, we purchased from Mr. Mahood one hundred (100)
class A voting shares of Kerrisdale Resources Ltd. (the "Shares).
The
purchase price for the Shares is $775,000 CDN (the "Purchase Price"),
and  $25,000 of the Purchase Price was paid by us to Mr. Mahood on the
date that we signed a Letter of Intent with him.  Additionally,
$400,000 of the Purchase Price was paid by us to Mr. Mahood on the closing of
the transaction contemplated by the provisions of the Agreement.  The
remaining $350,000 of the Purchase Price has been assumed by Kerrisdale
Resources Ltd. and, accordingly, Kerrisdale Resources Ltd. is obligated to pay
$350,000 to Mr. Mahood on the terms and subject to the conditions of the
Agreement (the "Principal Amount").  Interest is to accrue on the
Principal Amount at an annual rate of 6.75%.
On June
18, 2008, as security for the Principal Amount, Kerrisdale Resources Ltd. and
Brian Mahood entered into a General Security Agreement, the effective date of
which is January 1, 2008 (the "Security Agreement").  Pursuant to the
provisions of the Security Agreement, Kerrisdale Resources Ltd. granted to Mr.
Mahood a continuing security interest in and to all (i) personal property of
Kerrisdale Resources Ltd., including goods, chattel paper, securities, documents
of title, instruments, money, intangibles; (ii)  real property of
Kerrisdale Resources Ltd., including all charges on land or interests in land
and petroleum and natural gas leases described in the Security Agreement; and
(iii) parts, accessories, attachments, equipment, additions, accretions thereto
and property thereof, together with any equipment or accessories placed upon
repairs made to the foregoing during the term of the Security
Agreement.
Additionally,
pursuant to the provisions of the Agreement, we have agreed to pay Kerrisdale
Consulting Inc., a corporation owned by Mr. Mahood, the principal amount of
$1,000 CDN plus applicable Canadian Goods and Services taxes per month for one
year commencing January 1, 2008, in consideration for consulting services to be
performed by Mr. Mahood for us in connection with operations of Kerrisdale
Resources Ltd., including geological and management advice.  On June
18, 2008, we entered into a Management Agreement with Kerrisdale Consulting
Inc., pursuant to the provisions of which those management services are to be
performed (the "Management Agreement").  On June 18, 2008, we paid Mr.
Mahood $6,000 CDN plus applicable Canadian Goods and Services Taxes pursuant to
the provisions of the Management Agreement.  The effective date of the
Management Agreement is January 1, 2008.
Pursuant
to the provisions of the Agreement, we agreed to pay Kerrisdale Consulting Inc.
$500 CDN per month for a period of one year commencing January 1, 2008, as rent
pursuant to a sublease by us of office space located at Suite 600, Sixth Avenue
S.W., Calgary, Alberta T2P 0S5.
We do not
have available to include with this report the required financial statements of
Kerrisdale Resources Ltd.  Accordingly, no such financial statements
are included with this report.  We anticipate that those financial
statements will be filed no later than October 31, 2008.
2
A copy of
the Agreement is attached to this report marked as Exhibit 10.1.  A
copy of the Management Agreement is attached to this report marked Exhibit
10.2.  A copy of the Security Agreement is attached to this report
marked Exhibit 10.3.
ITEM
9.01       FINANCIAL STATEMENTS AND
EXHIBITS
Exhibit
      No.
Description
Exhibit
      10.1
Share
      Purchase Agreement entered into June 18, 2008, and effective as of January
      1, 2008, by and among Brian Mahood; Scout Exploration, Inc.; and
      Kerrisdale Resources Ltd.
Exhibit
      10.2
Management
      Agreement entered into June 18, 2008, and effective as of January 1, 2008,
      by and among Scout Exploration, Inc. and Kerrisdale Consulting
      Inc.
Exhibit
      10.3
General
      Security Agreement entered into June 18, 2008, and effective as of January
      1, 2008, by and among Kerrisdale Resources Ltd. and Brian
      Mahood.
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.
Dated: 
August 11, 2008
SCOUT
EXPLORATION, INC.
By:
/s/
Jason
Walsh
Name:
Jason Walsh
Title:  
Secretary
3
EXHIBIT
INDEX
Number
Exhibit
Exhibit
      10.1
Share
      Purchase Agreement entered into June 18, 2008, and effective as of January
      1, 2008, by and among Brian Mahood; Scout Exploration, Inc.; and
      Kerrisdale Resources Ltd.
Exhibit
      10.2
Management
      Areement entered into June 18, 2008, and effective as of January 1, 2008,
      by and among Scout Exploration, Inc. and Kerrisdale Consulting
      Inc.
Exhibit
      10.3
General
      Security Agreement entered into June 18, 2008, and effective as of January
      1, 2008, by and among Kerrisdale Resources Ltd. and Brian
      Mahood.
4