<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center">UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center">Washington, D.C. 20549</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">_____________________________</P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center">FORM 8-K</P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center">CURRENT REPORT<BR>
PURSUANT TO SECTION 13 OR 15(d) OF THE<BR>
SECURITIES EXCHANGE ACT OF 1934</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center">Date of Report:</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">(Date of earliest event reported)</P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center">April 9, 2014</P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center">____________________________</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>DigiPath, Inc.</U></B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0.25in; text-align: center">(Exact name of registrant as specified
in charter)</P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">Nevada</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center">(State or other Jurisdiction of Incorporation
or Organization)</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 32%; padding-right: 6pt; padding-left: 6pt"><P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>000-54239</U></B></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 2.9pt; text-align: center">(Commission File Number)</P></TD>
    <TD STYLE="width: 41%; padding-right: 6pt; padding-bottom: 2.9pt; padding-left: 6pt; font: 11pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 27%; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 2.9pt; text-align: center"><B><U>27-3601979</U></B></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 2.9pt; text-align: center">(IRS Employer Identification No.)</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 11pt Times New Roman, Times, Serif; padding-right: 6pt; padding-bottom: 2.9pt; padding-left: 6pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">20301 Ventura Blvd. #309, Woodland Hills, CA
        91364</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 2.9pt; text-align: center">(Address of Principal Executive Offices
        and zip code)</P></TD>
    <TD STYLE="font: 11pt Times New Roman, Times, Serif; padding-right: 6pt; padding-bottom: 0.25in; padding-left: 6pt; text-align: center">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">(702) 527-2060</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center">(Registrant&rsquo;s telephone<BR>
number, including area code)</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><U>West Balboa Blvd. Suite C, Newport
Beach, CA 92661</U></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">(Former name or former address, if changed
since last report.)</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt">Check the appropriate box below if the Form 8-K filing is
intended to simultaneously satisfy the filing obligation of registrant under any of the following provisions:</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">[ ] Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">[ ] Soliciting material pursuant to Rule 14a-12(b) under the Exchange
Act (17 CFR 240.14a-12(b))</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b))</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt">[ ] Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c))</P>


<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo --><!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Item 1.01 Entry into a Material Definitive
Agreement.</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The information in Items 3.03 and 5.02 below
are incorporated herein by reference.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><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="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On April 9, 2014, <FONT STYLE="color: black">DigiPath,
Inc. (the &ldquo;Registrant&rdquo;) </FONT>invested $1,000,000 in its wholly-owned subsidiary, DigiPath, Corp., a Kansas corporation,
in exchange for 3,030,303 shares of DigiPath, Corp.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Item 3.02 Unregistered Sales of Equity Securities.</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The information in Item 3.03 below is incorporated
herein by reference.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: -1in"><B>Item 3.03 Material
Modification to Rights of Security Holders.</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: -1in"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="color: black">On
April 9, 2014,&nbsp;</FONT>the Registrant <FONT STYLE="color: black">entered into various Series A Convertible Preferred Stock
Purchase Agreements with certain accredited investors (the &ldquo;Investors&rdquo;) pursuant to which the Registrant agreed to
issue 6,000,000 shares, in the aggregate, of a newly formed Series A Convertible Preferred Stock (the &ldquo;Series A Preferred&rdquo;)
in exchange for $6,000,000, in the aggregate, which consisted of money paid by investors and advances made to the Registrant by
such Investors (each agreement, a &ldquo;Securities Purchase Agreement&rdquo; and collectively, the &ldquo;Securities Purchase
Agreements&rdquo;). All the Securities Purchase Agreements have the same terms, whereby the shares of Series A Preferred are convertible
after three months from the date of issue based on a conversion formula equal to the price per share ($1.00) divided by a conversion
price equal to </FONT>the lesser of (A) $0.02 and (B) seventy percent (70%) of the average of the three (3) lowest daily volume
weighted average prices (&ldquo;VWAPs&rdquo;) occurring during the twenty (20) consecutive trading days immediately preceding the
applicable conversion date on which the Holder elects to convert any shares of Series A Preferred Stock. The conversion price is
further adjustable in the event of stock splits and other adjustments in the Registrant&rsquo;s capitalization, and in the event
of certain negative actions undertaken by the Registrant. At a conversion price equal to $0.02 per share, the Series A Preferred
are convertible into 300,000,000 shares of the common stock of the Registrant<FONT STYLE="color: black">. No holder is permitted
to convert its shares of Series A Preferred Stock if such conversion would cause the holder to beneficially own more than 4.99%
of the issued and outstanding common stock of the Registrant immediately after such conversion, unless waived by such holder by
providing at least sixty-five days&rsquo; notice. </FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The additional terms
of the Series A Preferred include the following:</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 90px; font: 11pt Times New Roman, Times, Serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 30px; font: 11pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-size: 11pt">&middot;</FONT></TD>
    <TD STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-size: 11pt">The shares of Series A Preferred are entitled to dividends when, as and if declared by the Board as to the shares of the common stock of the Registrant, but only with respect to the shares under the beneficial ownership limitation described above.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 90px; font: 11pt Times New Roman, Times, Serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 30px; font: 11pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-size: 11pt">&middot;</FONT></TD>
    <TD STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-size: 11pt">Upon the liquidation or dissolution of the Registrant, or any merger or sale of all or substantially all of the assets, the shares of Series A Preferred are entitled to receive, prior to any distribution to the holders of common stock, 100% of the purchase price plus all accrued but unpaid dividends.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 90px; font: 11pt Times New Roman, Times, Serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 30px; font: 11pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-size: 11pt">&middot;</FONT></TD>
    <TD STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-size: 11pt">The Series&nbsp;A Preferred plus all declared but unpaid dividends thereon automatically will be converted into common stock, at the then applicable conversion rate, upon the affirmative vote of 50% of the outstanding shares of Series&nbsp;A Preferred.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; text-indent: 0.5in">&nbsp;</P>


<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence -->-</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 90px; font: 11pt Times New Roman, Times, Serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 30px; font: 11pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-size: 11pt">&middot;</FONT></TD>
    <TD STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-size: 11pt">Each share of Series&nbsp;A Preferred will carry a number of votes equal to the number of shares of common stock then issuable upon its conversion into common stock, e.g., only with respect to the shares under the beneficial ownership limitation described above. The Series&nbsp;A Preferred generally will vote together with the common stock and not as a separate class, except as provided below. </FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 90px; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 30px; text-align: justify"><FONT STYLE="font-size: 11pt">&middot;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 11pt">Consent of the holders of the outstanding Series&nbsp;A Preferred will be required in order for the Registrant to: (i)&nbsp;amend or change the rights, preferences, privileges or powers of, or the restrictions provided for the benefit of, the Series A Preferred; (ii)&nbsp;authorize, create or issue shares of any class of stock having rights, preferences, privileges or powers superior to the Series A Preferred; (iii)&nbsp;reclassify any outstanding shares into shares having rights, preferences, privileges or powers superior to the Series A Preferred; or (iv)&nbsp;amend the Registrant&rsquo;s Articles of Incorporation or Bylaws in a manner that adversely affects the rights of the Series A Preferred.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 90px; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 30px; text-align: justify"><FONT STYLE="font-size: 11pt">&middot;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 11pt">Holders of Series A Preferred will be entitled to unlimited &ldquo;piggyback&rdquo; registration rights on registrations by the Registrant,&nbsp;subject to pro rata cutback at any underwriter&rsquo;s discretion. The registration rights may be transferred to a transferree who acquires all of the Series A Preferred.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">The
issuance of the Series A Preferred to Investors was intended to be exempt from registration under the Securities Act of 1933, as
amended (the &ldquo;Securities Act&rdquo;) pursuant to Section 4(2) thereof and Rule 506 of Regulation D (&ldquo;Regulation D&rdquo;)
as promulgated by the United States Securities and Exchange Commission (&ldquo;Commission&rdquo;) under the Securities Act, as
the Series A Preferred was issued to accredited investors, without a view to distribution and were not issued through any general
solicitation or advertisement. The Series A Preferred issued to Investors may not be offered or sold in the United States unless
they are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available.
No registration statement covering these securities has been filed with the Commission or with any state securities commission.
A copy of the Certificate of Designations, Preferences, Rights and Limitations of the Series A Convertible Preferred Stock is attached
as Exhibit 3.2 to this Current Report on Form 8-K, and is incorporated herein by reference. A copy of the form of Securities Purchase
Agreement is attached as Exhibit 10.1 to this Current Report on Form 8-K, and is incorporated herein by reference.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">The
Registrant invested $1,000,000 of the gross proceeds received from the sale of its Series A Preferred (the &ldquo;Gross Proceeds&rdquo;)
into DigiPath, Corp. for general working capital purposes in its existing digital pathology business. The remaining Gross Proceeds
will be used to explore new lines of business associated with the research, development, licensing and operation of botanical and
nutri-pharmaceutical products and services, including, without limitation, the licensing of brand name nutri-pharmaceutical products.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: -1in"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 11pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>


<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence -->-</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Item 1.01 Entry into a Material Definitive
Agreement.</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 9.15pt; text-align: justify"><B>Item 5.02 Departure of Directors
or Principal Officers; Election of Directors; Appointment of Principal Officers.</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 9.15pt; text-align: justify"><U>Eric Stoppenhagen Resignation</U></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 9.15pt; text-align: justify"><FONT STYLE="color: black">Effective
April 9, 2014, the Registrant received notice from Mr. Eric Stoppenhagen regarding his decision to resign from his position as
president of the Registrant. Mr. Stoppenhagen also intends to resign from the Registrant's Board on April 20, 2014. Mr. Stoppenhagen&rsquo;s
decision to resign was not due to any disagreements with the Registrant on any matter relating to the Registrant&rsquo;s operations,
policies or practices. Effective April 9, 2014, the Registrant released Mr. Stoppenhagen from any and all employment agreements
with the Registrant, including the</FONT> <FONT STYLE="color: black">Consulting, Confidentiality and Proprietary Rights Agreement,
dated February 15, 2012.</FONT></P>

<P STYLE="font: 11pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Pursuant to the terms of the Registrant&rsquo;s
Bylaws, dated as of February 28, 2014, Board vacancies may be filled by majority of the directors then in office or by a sole remaining
director of the Registrant. The Board intends to appoint a new director to fill the vacancy created by Mr. Stoppenhagen&rsquo;s
resignation.</P>

<P STYLE="font: 11pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>Appointment of Todd Denkin to Board
of Directors</U></P>

<P STYLE="font: 11pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On April 9, 2014, the Registrant&rsquo;s
Board, pursuant to authority granted under the Registrant&rsquo;s Bylaws, increased the size of the Registrant&rsquo;s Board from
one seat to two seats and nominated Todd Denkin to fill the vacant seat on the Board. Mr. Denkin was unanimous written consent
of the Board. Mr. Denkin shall receive no compensation as a board member.</P>



<P STYLE="font: 11pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 11pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>Appointment of Todd Denkin as President</U></P>

<P STYLE="font: 11pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On April 9, 2014, Todd Denkin signed
an At-Will employment agreement from DigiPath, Inc. (the &ldquo;Denkin Employment Agreement&rdquo;) to serve as president of the
Registrant. Under the terms of the Denkin Employment Agreement, Mr. Denkin shall be paid an annual salary of $156,000 for his services,
which DigiPath, Inc. may increase from time to time. Mr. Denkin shall also be issued 4,000,000 shares of stock which will vest
quarterly over a period of one year. The shares shall be restricted from resale for a period of eighteen months. A copy of the
Denkin Employment Agreement is attached as Exhibit 10.2 to this Current Report on Form 8-K, and is incorporated herein by reference.
There are no familial relationships between Mr. Denkin and the Registrant.</P>

<P STYLE="font: 11pt/11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Mr. Denkin, 50, has over 5 years in
the &quot;legal&quot; marijuana industry. &nbsp;From 2009 until 2013, Mr. Denkin was a founder and director of GrowLife, Inc. Prior
to joining GrowLife, Inc., Mr. Denkin was the head of the direct sales and marketing teams from 2002 through 2008 with Digital
FX International, and helped build a sales organization of over 30,000 representatives. He is a 30-year veteran of the TV and film
industry, working at top companies like Dick Clark Productions, Barris/Guber/Peters, Chris Bearde Productions, the Nickelodeon
Network, Disney/MGM Studios and Time Warner. Mr. Denkin has been a key contributor to shows for ABC, NBC, CBS, ESPN and MTV. He
was also involved in &ldquo;The Australian Experience,&rdquo; a film featured on The Today Show and screened at the opening ceremonies
of the 2000 Olympics.</P>

<P STYLE="font: 11pt/11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>&nbsp;</I></B></P>


<!-- Field: Page; Sequence: 4 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence -->-</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt/11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>Litigation</I></B></P>

<P STYLE="font: 11pt/12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">During the past ten years, Mr. Denkin
has not been the subject of the following events:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif">
<TR>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 90%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 5.5pt; padding-bottom: 5.5pt; text-align: justify"><FONT STYLE="font-size: 11pt">1.</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 5.5pt; padding-bottom: 5.5pt; text-align: justify"><FONT STYLE="font-size: 11pt">A petition under the Federal bankruptcy laws or any state insolvency law was filed by or against, or a receiver, fiscal agent or similar officer was appointed by a court for the business or property of such person, or any partnership in which he was a general partner at or within two years before the time of such filing, or any corporation or business association of which he was an executive officer at or within two years before the time of such filing;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 5.5pt; padding-bottom: 5.5pt; text-align: justify"><FONT STYLE="font-size: 11pt">2.</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 5.5pt; padding-bottom: 5.5pt; text-align: justify"><FONT STYLE="font-size: 11pt">Convicted in a criminal proceeding or is a named subject of a pending criminal proceeding (excluding traffic violations and other minor offenses);</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 5.5pt; padding-bottom: 5.5pt; text-align: justify"><FONT STYLE="font-size: 11pt">3.</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 5.5pt; padding-bottom: 5.5pt; text-align: justify"><FONT STYLE="font-size: 11pt">The subject of any order, judgment, or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining him from, or otherwise limiting, the following activities;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-top: 5.5pt; padding-bottom: 5.5pt; text-align: justify"><FONT STYLE="font-size: 11pt">i)</FONT></TD>
    <TD STYLE="padding-top: 5.5pt; padding-bottom: 5.5pt; text-align: justify"><FONT STYLE="font-size: 11pt">Acting as a futures commission merchant, introducing broker, commodity trading advisor, commodity pool operator, floor broker, leverage transaction merchant, any other person regulated by the Commodity Futures Trading Commission, or an<U>&nbsp;</U>associated person of any of the foregoing, or as an investment adviser, underwriter, broker or dealer in securities, or as an affiliated person, director or employee of any investment company,</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-top: 5.5pt; padding-bottom: 5.5pt; text-align: justify"><FONT STYLE="font-size: 11pt">ii)</FONT></TD>
    <TD STYLE="padding-top: 5.5pt; padding-bottom: 5.5pt; text-align: justify"><FONT STYLE="font-size: 11pt">Engaging in any type of business practice; or</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-top: 5.5pt; padding-bottom: 5.5pt; text-align: justify"><FONT STYLE="font-size: 11pt">iii)</FONT></TD>
    <TD STYLE="padding-top: 5.5pt; padding-bottom: 5.5pt; text-align: justify"><FONT STYLE="font-size: 11pt">Engaging in any activity in connection with the purchase or sale of any security or commodity or in connection with any violation of Federal or State securities laws or Federal commodities laws;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 5.5pt; padding-bottom: 5.5pt; text-align: justify"><FONT STYLE="font-size: 11pt">4.</FONT></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-top: 5.5pt; padding-bottom: 5.5pt; text-align: justify"><FONT STYLE="font-size: 11pt">The subject of any order, judgment or decree, not subsequently reversed, suspended or vacated, of any Federal or State authority barring, suspending or otherwise limiting for more than 60 days the right of such person to engage in any activity described in paragraph 3.i in the preceding paragraph or to be associated with persons engaged in any such activity;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 5.5pt; padding-bottom: 5.5pt; text-align: justify"><FONT STYLE="font-size: 11pt">5.</FONT></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-top: 5.5pt; padding-bottom: 5.5pt; text-align: justify"><FONT STYLE="font-size: 11pt">Was found by a court of competent jurisdiction in a civil action or by the Commission to have violated any Federal or State securities law, and the judgment in such civil action or finding by the Commission has not been subsequently reversed, suspended, or vacated;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 5.5pt; padding-bottom: 5.5pt; text-align: justify"><FONT STYLE="font-size: 11pt">6.</FONT></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-top: 5.5pt; padding-bottom: 5.5pt; text-align: justify"><FONT STYLE="font-size: 11pt">Was found by a court of competent jurisdiction in a civil action or by the Commodity Futures Trading Commission to have violated any Federal commodities law, and the judgment in such civil action or finding by the Commodity Futures Trading Commission has not been subsequently reversed, suspended or vacated;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 5.5pt; padding-bottom: 5.5pt; text-align: justify"><FONT STYLE="font-size: 11pt">7.</FONT></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-top: 5.5pt; padding-bottom: 5.5pt; text-align: justify"><FONT STYLE="font-size: 11pt">Was the subject of, or a party to, any Federal or State judicial or administrative order, judgment, decree, or finding, not subsequently reversed, suspended or vacated, relating to an alleged violation of:</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-top: 5.5pt; padding-bottom: 5.5pt; text-align: justify"><FONT STYLE="font-size: 11pt">i)</FONT></TD>
    <TD STYLE="padding-top: 5.5pt; padding-bottom: 5.5pt; text-align: justify"><FONT STYLE="font-size: 11pt">Any Federal or State securities or commodities law or regulation; or</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-top: 5.5pt; padding-bottom: 5.5pt; text-align: justify"><FONT STYLE="font-size: 11pt">ii)</FONT></TD>
    <TD STYLE="padding-top: 5.5pt; padding-bottom: 5.5pt; text-align: justify"><FONT STYLE="font-size: 11pt">Any law or regulation respecting financial institutions or insurance companies including, but not limited to, a temporary or permanent injunction, order of disgorgement or restitution, civil money penalty or temporary or permanent cease-and-desist order, or removal or prohibition order, or</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-top: 5.5pt; padding-bottom: 5.5pt; text-align: justify"><FONT STYLE="font-size: 11pt">iii)</FONT></TD>
    <TD STYLE="padding-top: 5.5pt; padding-bottom: 5.5pt; text-align: justify"><FONT STYLE="font-size: 11pt">Any law or regulation prohibiting mail or wire fraud or fraud in connection with any business entity; or</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 5.5pt; padding-bottom: 5.5pt; text-align: justify"><FONT STYLE="font-size: 11pt">8.</FONT></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-top: 5.5pt; padding-bottom: 5.5pt; text-align: justify"><FONT STYLE="font-size: 11pt">Was the subject of, or a party to, any sanction or order, not subsequently reversed, suspended or vacated, of any self-regulatory organization (as defined in Section 3(a)(26) of the Exchange Act (15 U.S.C. 78c(a)(26))), any registered entity (as defined in Section 1(a)(29) of the Commodity Exchange Act (7 U.S.C. 1(a)(29))), or any equivalent exchange, association, entity or organization that has disciplinary authority over its members or persons associated with a member.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 5 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence -->-</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: justify; text-indent: -1in"><B>Item 5.03
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Effective as of
April 4, 2014, the authorized shares of the Registrant&rsquo;s common stock was increased from 50,000,000 to 900,000,000 and the
designations, rights and preferences of the preferred shares changed to blank check preferred. <FONT STYLE="background-color: white">This
description of the amendment is not complete and is qualified in its entirety by reference to the Amended Articles of Incorporation,
a copy of which is filed as Exhibit 3.1 to this report and is incorporated herein by reference.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Item 9.01 Financial Statements and Exhibits.</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 11%; text-align: right"><FONT STYLE="font-size: 11pt">(a)&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="width: 89%"><FONT STYLE="font-size: 11pt">Financial statements of business acquired. None.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 11%; text-align: right"><FONT STYLE="font-size: 11pt">(b)&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="width: 89%"><FONT STYLE="font-size: 11pt">Pro forma financial information. None.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 11%; text-align: right"><FONT STYLE="font-size: 11pt">(c)&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="width: 89%"><FONT STYLE="font-size: 11pt">Shell company transactions. Not applicable.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 11%; text-align: right"><FONT STYLE="font-size: 11pt">(d)&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="width: 89%"><FONT STYLE="font-size: 11pt">Exhibits.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="width: 18%"><FONT STYLE="font-size: 11pt">3.1</FONT></TD>
    <TD STYLE="width: 82%"><FONT STYLE="font-size: 11pt">Certificate of Amendment to Articles of Incorporation</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-size: 11pt">3.2</FONT></TD>
    <TD><FONT STYLE="font-size: 11pt; color: black">Certificate of Designations, Preferences, Limitations, Restrictions and Relative Rights of Convertible Preferred Stock.</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-size: 11pt">10.1</FONT></TD>
    <TD><FONT STYLE="font-size: 11pt">Securities Purchase Agreement Dated April 9, 2014</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-size: 11pt">10.2</FONT></TD>
    <TD><FONT STYLE="font-size: 11pt">Denkin Employment Agreement</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt">&nbsp;</P>


<!-- Field: Page; Sequence: 6 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence -->-</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">&nbsp;</P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">SIGNATURES</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt 3in"><B>DigiPath, Inc.<BR>
<BR>
</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Date: April 9, 2014&#9;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">By:&#9;<U>/s/ ERIC STOPPENHAGEN&#9;</U></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Eric Stoppenhagen</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;President</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


<!-- Field: Page; Sequence: 7 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 2pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence -->-</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 243.35pt; text-align: right"></P>



<P STYLE="margin: 0"></P>

</BODY>
</HTML>
[{"type": "8-K", "sequence": "1", "filename": "digpform8k140409.htm", "description": "DIGIPATH, INC. FORM 8-K APRIL 9, 2014", "secsgml_size_bytes": 42056}]
{"company-data": {"conformed-name": "DigiPath,Inc.", "cik": "0001502966", "assigned-sic": "8742", "irs-number": "273601979", "state-of-incorporation": "NV", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-54239", "film-number": "14755712"}, "business-address": {"street1": "2360 CORPORATE CIR", "street2": "SUITE 400", "city": "HENDERSON", "state": "NV", "zip": "89074", "phone": "702-527-2060"}, "mail-address": {"street1": "2360 CORPORATE CIR", "street2": "SUITE 400", "city": "HENDERSON", "state": "NV", "zip": "89074"}}
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)
April 9, 2014
____________________________
DigiPath, Inc.
(Exact name of registrant as specified
in charter)
Nevada
(State or other Jurisdiction of Incorporation
or Organization)
000-54239
(Commission File Number)
27-3601979
(IRS Employer Identification No.)
20301 Ventura Blvd. #309, Woodland Hills, CA
        91364
(Address of Principal Executive Offices
        and zip code)
(702) 527-2060
(Registrant's telephone
number, including area code)
West Balboa Blvd. Suite C, Newport
Beach, CA 92661
(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 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(b) under the Exchange
Act (17 CFR 240.14a-12(b))
[ ] 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.
The information in Items 3.03 and 5.02 below
are 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.
On April 9, 2014,
DigiPath,
Inc. (the "Registrant")
invested $1,000,000 in its wholly-owned subsidiary, DigiPath, Corp., a Kansas corporation,
in exchange for 3,030,303 shares of DigiPath, Corp.
Item 3.02 Unregistered Sales of Equity Securities.
The information in Item 3.03 below is incorporated
herein by reference.
Item 3.03 Material
Modification to Rights of Security Holders.
On
April 9, 2014,
the Registrant
entered into various Series A Convertible Preferred Stock
Purchase Agreements with certain accredited investors (the "Investors") pursuant to which the Registrant agreed to
issue 6,000,000 shares, in the aggregate, of a newly formed Series A Convertible Preferred Stock (the "Series A Preferred")
in exchange for $6,000,000, in the aggregate, which consisted of money paid by investors and advances made to the Registrant by
such Investors (each agreement, a "Securities Purchase Agreement" and collectively, the "Securities Purchase
Agreements"). All the Securities Purchase Agreements have the same terms, whereby the shares of Series A Preferred are convertible
after three months from the date of issue based on a conversion formula equal to the price per share ($1.00) divided by a conversion
price equal to
the lesser of (A) $0.02 and (B) seventy percent (70%) of the average of the three (3) lowest daily volume
weighted average prices ("VWAPs") occurring during the twenty (20) consecutive trading days immediately preceding the
applicable conversion date on which the Holder elects to convert any shares of Series A Preferred Stock. The conversion price is
further adjustable in the event of stock splits and other adjustments in the Registrant's capitalization, and in the event
of certain negative actions undertaken by the Registrant. At a conversion price equal to $0.02 per share, the Series A Preferred
are convertible into 300,000,000 shares of the common stock of the Registrant
. No holder is permitted
to convert its shares of Series A Preferred Stock if such conversion would cause the holder to beneficially own more than 4.99%
of the issued and outstanding common stock of the Registrant immediately after such conversion, unless waived by such holder by
providing at least sixty-five days' notice.
The additional terms
of the Series A Preferred include the following:
·
The shares of Series A Preferred are entitled to dividends when, as and if declared by the Board as to the shares of the common stock of the Registrant, but only with respect to the shares under the beneficial ownership limitation described above.
·
Upon the liquidation or dissolution of the Registrant, or any merger or sale of all or substantially all of the assets, the shares of Series A Preferred are entitled to receive, prior to any distribution to the holders of common stock, 100% of the purchase price plus all accrued but unpaid dividends.
·
The Series A Preferred plus all declared but unpaid dividends thereon automatically will be converted into common stock, at the then applicable conversion rate, upon the affirmative vote of 50% of the outstanding shares of Series A Preferred.
-
2
-
·
Each share of Series A Preferred will carry a number of votes equal to the number of shares of common stock then issuable upon its conversion into common stock, e.g., only with respect to the shares under the beneficial ownership limitation described above. The Series A Preferred generally will vote together with the common stock and not as a separate class, except as provided below.
·
Consent of the holders of the outstanding Series A Preferred will be required in order for the Registrant to: (i) amend or change the rights, preferences, privileges or powers of, or the restrictions provided for the benefit of, the Series A Preferred; (ii) authorize, create or issue shares of any class of stock having rights, preferences, privileges or powers superior to the Series A Preferred; (iii) reclassify any outstanding shares into shares having rights, preferences, privileges or powers superior to the Series A Preferred; or (iv) amend the Registrant's Articles of Incorporation or Bylaws in a manner that adversely affects the rights of the Series A Preferred.
·
Holders of Series A Preferred will be entitled to unlimited "piggyback" registration rights on registrations by the Registrant, subject to pro rata cutback at any underwriter's discretion. The registration rights may be transferred to a transferree who acquires all of the Series A Preferred.
The
issuance of the Series A Preferred to Investors was intended to be exempt from registration under the Securities Act of 1933, as
amended (the "Securities Act") pursuant to Section 4(2) thereof and Rule 506 of Regulation D ("Regulation D")
as promulgated by the United States Securities and Exchange Commission ("Commission") under the Securities Act, as
the Series A Preferred was issued to accredited investors, without a view to distribution and were not issued through any general
solicitation or advertisement. The Series A Preferred issued to Investors may not be offered or sold in the United States unless
they are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available.
No registration statement covering these securities has been filed with the Commission or with any state securities commission.
A copy of the Certificate of Designations, Preferences, Rights and Limitations of the Series A Convertible Preferred Stock is attached
as Exhibit 3.2 to this Current Report on Form 8-K, and is incorporated herein by reference. A copy of the form of Securities Purchase
Agreement is attached as Exhibit 10.1 to this Current Report on Form 8-K, and is incorporated herein by reference.
The
Registrant invested $1,000,000 of the gross proceeds received from the sale of its Series A Preferred (the "Gross Proceeds")
into DigiPath, Corp. for general working capital purposes in its existing digital pathology business. The remaining Gross Proceeds
will be used to explore new lines of business associated with the research, development, licensing and operation of botanical and
nutri-pharmaceutical products and services, including, without limitation, the licensing of brand name nutri-pharmaceutical products.
-
3
-
Item 1.01 Entry into a Material Definitive
Agreement.
Item 5.02 Departure of Directors
or Principal Officers; Election of Directors; Appointment of Principal Officers.
Eric Stoppenhagen Resignation
Effective
April 9, 2014, the Registrant received notice from Mr. Eric Stoppenhagen regarding his decision to resign from his position as
president of the Registrant. Mr. Stoppenhagen also intends to resign from the Registrant's Board on April 20, 2014. Mr. Stoppenhagen's
decision to resign was not due to any disagreements with the Registrant on any matter relating to the Registrant's operations,
policies or practices. Effective April 9, 2014, the Registrant released Mr. Stoppenhagen from any and all employment agreements
with the Registrant, including the
Consulting, Confidentiality and Proprietary Rights Agreement,
dated February 15, 2012.
Pursuant to the terms of the Registrant's
Bylaws, dated as of February 28, 2014, Board vacancies may be filled by majority of the directors then in office or by a sole remaining
director of the Registrant. The Board intends to appoint a new director to fill the vacancy created by Mr. Stoppenhagen's
resignation.
Appointment of Todd Denkin to Board
of Directors
On April 9, 2014, the Registrant's
Board, pursuant to authority granted under the Registrant's Bylaws, increased the size of the Registrant's Board from
one seat to two seats and nominated Todd Denkin to fill the vacant seat on the Board. Mr. Denkin was unanimous written consent
of the Board. Mr. Denkin shall receive no compensation as a board member.
Appointment of Todd Denkin as President
On April 9, 2014, Todd Denkin signed
an At-Will employment agreement from DigiPath, Inc. (the "Denkin Employment Agreement") to serve as president of the
Registrant. Under the terms of the Denkin Employment Agreement, Mr. Denkin shall be paid an annual salary of $156,000 for his services,
which DigiPath, Inc. may increase from time to time. Mr. Denkin shall also be issued 4,000,000 shares of stock which will vest
quarterly over a period of one year. The shares shall be restricted from resale for a period of eighteen months. A copy of the
Denkin Employment Agreement is attached as Exhibit 10.2 to this Current Report on Form 8-K, and is incorporated herein by reference.
There are no familial relationships between Mr. Denkin and the Registrant.
Mr. Denkin, 50, has over 5 years in
the "legal" marijuana industry.  From 2009 until 2013, Mr. Denkin was a founder and director of GrowLife, Inc. Prior
to joining GrowLife, Inc., Mr. Denkin was the head of the direct sales and marketing teams from 2002 through 2008 with Digital
FX International, and helped build a sales organization of over 30,000 representatives. He is a 30-year veteran of the TV and film
industry, working at top companies like Dick Clark Productions, Barris/Guber/Peters, Chris Bearde Productions, the Nickelodeon
Network, Disney/MGM Studios and Time Warner. Mr. Denkin has been a key contributor to shows for ABC, NBC, CBS, ESPN and MTV. He
was also involved in "The Australian Experience," a film featured on The Today Show and screened at the opening ceremonies
of the 2000 Olympics.
-
4
-
Litigation
During the past ten years, Mr. Denkin
has not been the subject of the following events:
1.
A petition under the Federal bankruptcy laws or any state insolvency law was filed by or against, or a receiver, fiscal agent or similar officer was appointed by a court for the business or property of such person, or any partnership in which he was a general partner at or within two years before the time of such filing, or any corporation or business association of which he was an executive officer at or within two years before the time of such filing;
2.
Convicted in a criminal proceeding or is a named subject of a pending criminal proceeding (excluding traffic violations and other minor offenses);
3.
The subject of any order, judgment, or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining him from, or otherwise limiting, the following activities;
i)
Acting as a futures commission merchant, introducing broker, commodity trading advisor, commodity pool operator, floor broker, leverage transaction merchant, any other person regulated by the Commodity Futures Trading Commission, or an
associated person of any of the foregoing, or as an investment adviser, underwriter, broker or dealer in securities, or as an affiliated person, director or employee of any investment company,
ii)
Engaging in any type of business practice; or
iii)
Engaging in any activity in connection with the purchase or sale of any security or commodity or in connection with any violation of Federal or State securities laws or Federal commodities laws;
4.
The subject of any order, judgment or decree, not subsequently reversed, suspended or vacated, of any Federal or State authority barring, suspending or otherwise limiting for more than 60 days the right of such person to engage in any activity described in paragraph 3.i in the preceding paragraph or to be associated with persons engaged in any such activity;
5.
Was found by a court of competent jurisdiction in a civil action or by the Commission to have violated any Federal or State securities law, and the judgment in such civil action or finding by the Commission has not been subsequently reversed, suspended, or vacated;
6.
Was found by a court of competent jurisdiction in a civil action or by the Commodity Futures Trading Commission to have violated any Federal commodities law, and the judgment in such civil action or finding by the Commodity Futures Trading Commission has not been subsequently reversed, suspended or vacated;
7.
Was the subject of, or a party to, any Federal or State judicial or administrative order, judgment, decree, or finding, not subsequently reversed, suspended or vacated, relating to an alleged violation of:
i)
Any Federal or State securities or commodities law or regulation; or
ii)
Any law or regulation respecting financial institutions or insurance companies including, but not limited to, a temporary or permanent injunction, order of disgorgement or restitution, civil money penalty or temporary or permanent cease-and-desist order, or removal or prohibition order, or
iii)
Any law or regulation prohibiting mail or wire fraud or fraud in connection with any business entity; or
8.
Was the subject of, or a party to, any sanction or order, not subsequently reversed, suspended or vacated, of any self-regulatory organization (as defined in Section 3(a)(26) of the Exchange Act (15 U.S.C. 78c(a)(26))), any registered entity (as defined in Section 1(a)(29) of the Commodity Exchange Act (7 U.S.C. 1(a)(29))), or any equivalent exchange, association, entity or organization that has disciplinary authority over its members or persons associated with a member.
-
5
-
Item 5.03
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
Effective as of
April 4, 2014, the authorized shares of the Registrant's common stock was increased from 50,000,000 to 900,000,000 and the
designations, rights and preferences of the preferred shares changed to blank check preferred.
This
description of the amendment is not complete and is qualified in its entirety by reference to the Amended Articles of Incorporation,
a copy of which is filed as Exhibit 3.1 to this report and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(a)
Financial statements of business acquired. None.
(b)
Pro forma financial information. None.
(c)
Shell company transactions. Not applicable.
(d)
Exhibits.
3.1
Certificate of Amendment to Articles of Incorporation
3.2
Certificate of Designations, Preferences, Limitations, Restrictions and Relative Rights of Convertible Preferred Stock.
10.1
Securities Purchase Agreement Dated April 9, 2014
10.2
Denkin Employment Agreement
-
6
-
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.
DigiPath, Inc.
Date: April 9, 2014
By:
/s/ ERIC STOPPENHAGEN
Eric Stoppenhagen
President
-
7
-