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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNITED STATES SECURITIES AND</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Washington, D.C. 20549</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM 8-K</B></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>PURSUANT TO SECTION 13 OR 15(D) OF THE </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES EXCHANGE ACT OF 1934</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Date of Report (Date of earliest event reported)
December 10, 2012</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>NOVAGEN SOLAR INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Exact name of registrant as specified in its
charter)</P>

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

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    <TD STYLE="width: 34%; padding-right: 5.4pt; padding-left: 5.4pt; font-weight: bold; text-decoration: underline; text-align: center">Nevada</TD>
    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; font-weight: bold; text-decoration: underline; text-align: center">333-149617</TD>
    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; font-weight: bold; text-decoration: underline; text-align: center">98-0471927</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(State or other jurisdiction <BR> of incorporation)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(Commission File Number)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(IRS Employer Identification No.)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 80%; padding-right: 5.4pt; padding-left: 5.4pt; font-weight: bold; text-decoration: underline; text-align: center">9120 Double Diamond Pkwy Ste 2227, Reno, Nevada</TD>
    <TD STYLE="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; font-weight: bold; text-decoration: underline; text-align: center">89521</TD></TR>
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    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(Address of principal executive offices)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(Zip Code)</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>

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

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    <TD STYLE="width: 4%; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Wingdings 2">&pound;</FONT></TD>
    <TD STYLE="width: 96%; padding-right: 5.4pt; padding-left: 5.4pt">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
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    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-family: Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Wingdings 2">&pound;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
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    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-family: Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Wingdings 2">&pound;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
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    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-family: Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Wingdings 2">&pound;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt TimesNewRoman,Bold,serif; margin: 0"></P>

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<P STYLE="font: 10pt TimesNewRoman,Bold,serif; margin: 0"><B>Item 7.01 Regulation FD Disclosure</B></P>

<P STYLE="font: 10pt TimesNewRoman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt TimesNewRoman,serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">Novagen Solar Inc.
(&ldquo;Novagen&rdquo;) is disclosing the following information under Item 7.01 of this Current Report on Form 8-K. This information,
which has not been previously reported, was provided on December 10, 2012, to prospective financiers. Novagen is furnishing this
information in this Current Report on Form 8-K to comply with Regulation FD. Such information shall not be deemed to be &ldquo;filed&rdquo;
for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that
section, and shall not be deemed to be incorporated by reference into any of Novagen&rsquo;s filings under the Securities Act
of 1933, as amended, or the Securities Exchange Act of 1934, as amended, whether made before or after the date hereof and regardless
of any general incorporation language in such filings, except to the extent expressly set forth by specific reference in such
a filing.</FONT></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Novagen is seeking to commercialize two engine designs for the global
market: the multi-purpose Novagen Y-Engine and the redesigned Renegade Motors V-twin motorcycle engine.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">1.&#9;The Novagen Y-Engine. The innovative Novagen Y-Engine (patent
pending) is a low emission biofuel engine designed for a wide variety of industrial, marine, aerospace and automotive uses. Novagen
sees its Y-Engine as a game changer: a versatile, powerful, eco-friendly bio-fuel diesel engine with global market possibilities
in a world eager for sustainable energy solutions.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">2.&#9;The Renegade V-twin motorcycle engine. The Renegade V-twin
motorcycle engine, originally designed for custom bikes, has been re-engineered by Novagen as a small, mass-market motorcycle engine.
Sales of the Renegade engine are expected to provide a revenue stream for ongoing development and production of the Novagen Y-Engine
and other low carbon emission engine technologies.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Novagen plans to expand its operations through two strategic acquisitions,
with the ultimate objective of increasing profitability and shareholder value. One acquisition will provide the capacity for large
scale manufacture of parts for its engines, while the other will establish a base for testing and ongoing research and development
of further eco-friendly propulsion solutions.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Novagen is seeking funding of $3.275M USD. The proceeds will be
used to acquire the revenue-positive business Omanson Precision Engineering Inc. for parts manufacturing. The remainder of the
proceeds will be used to establish facilities for research and development.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">As a cleantech engine design and development company, Novagen seeks
to create technologies that improve efficiency and reduce levels of greenhouse emissions in a low-cost, globally relevant way.
Novagen's goal is nothing less than to change the landscape of internal combustion power engines with a game-changing engine design
that is both high performance and eco-friendly, yet economically attractive for both developed and developing nations.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Novagen is seeking to commercialize two engine designs: the new
multi-purpose Novagen Y-Engine and the redesigned Renegade Motors V-twin motorcycle engine. The innovative Novagen Y-Engine (patent
pending), a low emission engine for industrial, marine, aerospace and automotive uses, has reached prototype and is now nearing
the field testing phase. The Renegade V-twin motorcycle engine has been adapted and redesigned by Novagen as a mass market motorcycle
engine to provide a revenue stream for ongoing development and production of the Y-Engine and other low carbon emission engine
technologies. The Renegade engine will be ready for market in the first quarter of 2013.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Novagen has entered into several strategic transactions in 2012
to develop a revenue base, provide for growth and to engender future innovation. The planned acquisition of Omanson Precision Engineering
of Los Angeles, California, will provide Novagen with a profitable, well-established engineering business and afford Novagen large-scale
manufacturing resources suitable for mass-production of its engines. Novagen has also entered into an agreement to acquire property
for the establishment of a research and development facility in Australia.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>1.&#9;The Novagen Y-Engine (patent pending)</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Invented by Michael P. Nugent, CEO of Novagen, the Novagen Y-Engine
under development is an efficient, environmentally friendly bio-diesel combustion engine. A second version of this engine is also
being developed utilizing permanent magnets as an alternative to the traditional propulsion engine.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The Novagen Y-Engine is highly versatile, with potential applications
in the industrial, marine, aerospace and automotive markets in both developed and developing economies. Extensive research and
development has produced an engine that Novagen believes will be at the forefront of clean engine technology, a practical and low-emissions
alternative to conventional engines.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Benefits of the Y-Engine design include:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&bull;&#9;<B><I>Adaptability</I></B>. The engine's configuration
lends itself to existing formats, increasing the likelihood of uptake by motor-vehicle manufacturers. The design of the Novagen
Y-Engine is consistent with traditional engine dimensions and can be fitted to pressed chassis and heavy vehicle rolled chassis
rails.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&bull;&#9;<B><I>Eco-friendly</I></B>. The engine is designed to
run on bio-diesel and bio-fuel products, the use of which can contribute to reductions in greenhouse gas emissions. With the world's
economies looking to build a less oil-dependent future, the Novagen Y-Engine is well-positioned by virtue of its versatility and
low carbon footprint to capitalize on the rapidly growing demand from both commercial and consumer markets for cleaner ways to
power transportation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Innovation in the development of affordable, low-emission transportation
has garnered attention from some of the world's pre-eminent investors, including Khosla Ventures of Menlo Park, California and
Bill Gates. In 2010 Gates and Khosla Ventures invested in the development of an opposing-piston opposing-cylinder internal combustion
engine called the OPOC engine.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The OPOC engine is unique in that each cylinder has a piston at
both ends and no cylinder head. The efficiency advantage of the engine lies in the sharing of one combustion chamber between two
cylinders, thereby cutting heat loss that occurs through a cylinder head's walls on conventional engines. The OPOC engine is claimed
to have up to 50% greater fuel efficiency compared with conventional engines of similar output, along with a corresponding reduction
in greenhouse gas emissions. Gates has stated that the OPOC can be an important step in providing affordable, low-emission transportation
for the developing world.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Novagen sees its Y-Engine as further improving on some elements
of the OPOC engine. It has a versatile design that can be more easily adapted to power a wide variety of vehicles and machinery
- industrial, marine, aerospace or automotive - and is thus able to realistically challenge the global engine market. The Y-Engine
also improves upon the design of previous opposing piston engines, particularly the version of the engine under development that
utilizes permanent magnets as the driving force.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Novagen owns all rights to the Novagen Y-Engine through its wholly-owned
subsidiary, Y-Engine Developments Pty Ltd. On October 14, 2012, Novagen filed for patent protection of the Novagen Y-Engine with
the United States Patent and Trade Mark Office. On November 2, 2012, Novagen filed an updated patent application and is currently
preparing the utility patent application.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">At the time of writing Novagen has delivered models of the Y-Engine
to its U.S. patent attorneys and a prototype will soon be ready for field testing. Several additional engines are currently under
construction and will be fitted to test vehicles in the first quarter of 2013.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>2.&#9;The Renegade Motors V-twin Motorcycle Engine</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">In addition to its innovative Y-Engine, Novagen has purchased the
rights to an industry-recognized V-twin motorcycle engine which it has re-engineered and intends to commercialize in 2013.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">In June 2012, Novagen acquired Renegade Streetwear Pty Ltd (&quot;Renegade&quot;),
an Australian company that has been designing and developing large high-performance V-twin engines for high-end custom motorcycles
under the Renegade brand since 1998. The Renegade 147 engine has an international customer base and has gained an enthusiastic
following among custom motorcycle fans. Approximately 70 of these high-end engines have been sold worldwide, retailing at around
$20,000 each. In 2006 Renegade Motors was a finalist for the Best Single Component Manufacturer Award at the Australian Motorcycle
Industry Awards.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Novagen has restructured Renegade to improve efficiencies and increase
capacity with a view towards realizing economies of scale and successfully competing in the global market. To this end the Renegade
V-twin has been redesigned as a smaller, more versatile and cost-effective motorcycle engine for the OEM market. The original Renegade
147 engine will continue to be produced, but the bulk of future revenue is expected to be generated by sales of Novagen's smaller
redesigned Renegade engine which is expected to be market-ready in the first quarter of 2013.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Renegade is expected to create a reliable revenue stream that will
offset the costs of development, manufacture and marketing of the Novagen Y-engine and future eco-friendly engine innovations.
The acquisition of Renegade has also enabled Novagen to incorporate mechanical elements of Renegade&rsquo;s proprietary engine
in the Novagen Y-Engine, which in turn, has led to improvements in the performance of the Y-Engine without substantial development
cost or delay. Novagen believes that additional synergies in the form of cost efficiencies will be realized through the Renegade
acquisition as production expands.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Growth Strategy</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The expansion of Novagen's operations will be achieved through two
strategic acquisitions (see &ldquo;Use of Proceeds&rdquo;). One acquisition will provide the capacity for large scale manufacture
of parts for the Novagen Y-Engine and Renegade engine, while the other will establish a dedicated, purpose-built facility for ongoing
research and development of better propulsion solutions for the world's economies.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>1.&#9;Omanson Precision Engineering, Inc.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">On October 9, 2012, Novagen agreed to acquire Omanson Precision
Engineering, Inc., a California company, in exchange for $750,000 cash and 200,000 shares of Novagen common stock. Omanson is a
profitable engineering company currently manufacturing parts for the aerospace industry and has standing contracts with Boeing,
Raytheon and Hughes, among others.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The acquisition of Omanson will rapidly expand Novagen&rsquo;s production
capacity for its engine components through the state-of-the-art manufacturing lines at the Omanson facilities in Los Angeles, California.
The addition of Omanson&rsquo;s management team and engineering expertise is also expected to significantly increase Novagen's
technical resources and accelerate further product development. Omanson&rsquo;s current management have agreed to a three year
employment contract.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>2.&#9;Research and Development Facility</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">On July 24, 2012, Novagen agreed to purchase 28 acres of agricultural
land and improvements in Queensland, Australia valued at $1.8M AUS, in exchange for $75,000 cash and 1,800,000 shares of Novagen
common stock, plus 1,800,000 warrants exercisable at $0.10 per share that expire on July 25, 2017.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Novagen plans to use the property for the further development and
testing of environmentally sustainable energy solutions. Construction of the laboratory, including building improvements and support
structures is expected to cost $250,000 and take 3 months. The planned facilities will house the ongoing research and development
of Novagen's low carbon emission engine technologies. As an adjunct to its engine program, Novagen intends to commence research
and development into biofuels at this location in 2013.</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Use of Proceeds</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The proceeds from the requested financing will
be used to: (1) acquire Omanson Precision Engineering Inc., a revenue-positive business, which will facilitate the mass production
of parts for the Novagen Y-Engine and redesigned Renegade engine; and (2) Establish facilities for research and development of
further low carbon emission engine technologies.</P>

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

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



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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 6.5in; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; text-align: justify">(1)</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: justify">Acquisition of Omanson Precision Engineering Inc.</TD>
    <TD STYLE="font-weight: bold; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; text-align: justify; width: 4%">&nbsp;</TD>
    <TD STYLE="text-align: justify; width: 5%">(a)</TD>
    <TD STYLE="padding-left: 0.25pt; text-align: justify; width: 78%">Cash portion of acquisition</TD>
    <TD STYLE="text-align: right; width: 13%">$750,000</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">(b)</TD>
    <TD STYLE="padding-left: 0.25pt; text-align: justify">Working Capital to prepare the Omanson facilities for mass production of the Novagen Engine, including equipment retrofit, expansion of the current engineering lab and training</TD>
    <TD STYLE="text-align: right">$250,000</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; text-align: justify">(2)</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: justify">Acquisition of R&amp;D Property</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; text-align: justify">&nbsp;</TD>
    <TD>(a)</TD>
    <TD STYLE="padding-left: 0.25pt; text-align: justify">Cash portion of acquisition</TD>
    <TD STYLE="text-align: right">$75,000</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; text-align: justify">&nbsp;</TD>
    <TD>(b)</TD>
    <TD STYLE="padding-left: 0.25pt; text-align: justify">Regulatory fees associated with acquisition</TD>
    <TD STYLE="text-align: right">$50,000</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; text-align: justify">&nbsp;</TD>
    <TD>(c)</TD>
    <TD STYLE="padding-left: 0.25pt; text-align: justify">Building improvements (research and development laboratory)</TD>
    <TD STYLE="text-align: right">$250,000</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; text-align: justify">&nbsp;</TD>
    <TD>(d)</TD>
    <TD STYLE="padding-left: 0.25pt; text-align: justify">Tooling machinery and other equipment</TD>
    <TD STYLE="text-align: right">$1,750,000</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; text-align: justify">&nbsp;</TD>
    <TD>(e)</TD>
    <TD STYLE="padding-left: 0.25pt; text-align: justify">Operating expenses (12 months)</TD>
    <TD STYLE="text-align: right">$150,000</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">TOTAL</TD>
    <TD STYLE="font-weight: bold; text-align: right">$3,275,000</TD></TR>
</TABLE>


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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 55%; padding-right: 5.4pt; padding-left: 5.4pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 45%; padding-right: 5.4pt; padding-left: 5.4pt; font-weight: bold">NOVAGEN SOLAR INC.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">/s/ Micheal P. Nugent</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Micheal P. Nugent</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">President &amp; CEO</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Date: December 10, 2012</TD></TR>
</TABLE>
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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)
December 10, 2012
NOVAGEN SOLAR INC.
(Exact name of registrant as specified in its
charter)
Nevada
333-149617
98-0471927
(State or other jurisdiction
of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
9120 Double Diamond Pkwy Ste 2227, Reno, Nevada
89521
(Address of principal executive offices)
(Zip 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 7.01 Regulation FD Disclosure
Novagen Solar Inc.
("Novagen") is disclosing the following information under Item 7.01 of this Current Report on Form 8-K. This information,
which has not been previously reported, was provided on December 10, 2012, to prospective financiers. Novagen is furnishing this
information in this Current Report on Form 8-K to comply with Regulation FD. Such information shall not be deemed to be "filed"
for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that
section, and shall not be deemed to be incorporated by reference into any of Novagen's filings under the Securities Act
of 1933, as amended, or the Securities Exchange Act of 1934, as amended, whether made before or after the date hereof and regardless
of any general incorporation language in such filings, except to the extent expressly set forth by specific reference in such
a filing.
Summary
Novagen is seeking to commercialize two engine designs for the global
market: the multi-purpose Novagen Y-Engine and the redesigned Renegade Motors V-twin motorcycle engine.
1.	The Novagen Y-Engine. The innovative Novagen Y-Engine (patent
pending) is a low emission biofuel engine designed for a wide variety of industrial, marine, aerospace and automotive uses. Novagen
sees its Y-Engine as a game changer: a versatile, powerful, eco-friendly bio-fuel diesel engine with global market possibilities
in a world eager for sustainable energy solutions.
2.	The Renegade V-twin motorcycle engine. The Renegade V-twin
motorcycle engine, originally designed for custom bikes, has been re-engineered by Novagen as a small, mass-market motorcycle engine.
Sales of the Renegade engine are expected to provide a revenue stream for ongoing development and production of the Novagen Y-Engine
and other low carbon emission engine technologies.
Novagen plans to expand its operations through two strategic acquisitions,
with the ultimate objective of increasing profitability and shareholder value. One acquisition will provide the capacity for large
scale manufacture of parts for its engines, while the other will establish a base for testing and ongoing research and development
of further eco-friendly propulsion solutions.
Novagen is seeking funding of $3.275M USD. The proceeds will be
used to acquire the revenue-positive business Omanson Precision Engineering Inc. for parts manufacturing. The remainder of the
proceeds will be used to establish facilities for research and development.
Products
As a cleantech engine design and development company, Novagen seeks
to create technologies that improve efficiency and reduce levels of greenhouse emissions in a low-cost, globally relevant way.
Novagen's goal is nothing less than to change the landscape of internal combustion power engines with a game-changing engine design
that is both high performance and eco-friendly, yet economically attractive for both developed and developing nations.
Novagen is seeking to commercialize two engine designs: the new
multi-purpose Novagen Y-Engine and the redesigned Renegade Motors V-twin motorcycle engine. The innovative Novagen Y-Engine (patent
pending), a low emission engine for industrial, marine, aerospace and automotive uses, has reached prototype and is now nearing
the field testing phase. The Renegade V-twin motorcycle engine has been adapted and redesigned by Novagen as a mass market motorcycle
engine to provide a revenue stream for ongoing development and production of the Y-Engine and other low carbon emission engine
technologies. The Renegade engine will be ready for market in the first quarter of 2013.
Novagen has entered into several strategic transactions in 2012
to develop a revenue base, provide for growth and to engender future innovation. The planned acquisition of Omanson Precision Engineering
of Los Angeles, California, will provide Novagen with a profitable, well-established engineering business and afford Novagen large-scale
manufacturing resources suitable for mass-production of its engines. Novagen has also entered into an agreement to acquire property
for the establishment of a research and development facility in Australia.
1.	The Novagen Y-Engine (patent pending)
Invented by Michael P. Nugent, CEO of Novagen, the Novagen Y-Engine
under development is an efficient, environmentally friendly bio-diesel combustion engine. A second version of this engine is also
being developed utilizing permanent magnets as an alternative to the traditional propulsion engine.
The Novagen Y-Engine is highly versatile, with potential applications
in the industrial, marine, aerospace and automotive markets in both developed and developing economies. Extensive research and
development has produced an engine that Novagen believes will be at the forefront of clean engine technology, a practical and low-emissions
alternative to conventional engines.
Benefits of the Y-Engine design include:
•
Adaptability
. The engine's configuration
lends itself to existing formats, increasing the likelihood of uptake by motor-vehicle manufacturers. The design of the Novagen
Y-Engine is consistent with traditional engine dimensions and can be fitted to pressed chassis and heavy vehicle rolled chassis
rails.
•
Eco-friendly
. The engine is designed to
run on bio-diesel and bio-fuel products, the use of which can contribute to reductions in greenhouse gas emissions. With the world's
economies looking to build a less oil-dependent future, the Novagen Y-Engine is well-positioned by virtue of its versatility and
low carbon footprint to capitalize on the rapidly growing demand from both commercial and consumer markets for cleaner ways to
power transportation.
Innovation in the development of affordable, low-emission transportation
has garnered attention from some of the world's pre-eminent investors, including Khosla Ventures of Menlo Park, California and
Bill Gates. In 2010 Gates and Khosla Ventures invested in the development of an opposing-piston opposing-cylinder internal combustion
engine called the OPOC engine.
The OPOC engine is unique in that each cylinder has a piston at
both ends and no cylinder head. The efficiency advantage of the engine lies in the sharing of one combustion chamber between two
cylinders, thereby cutting heat loss that occurs through a cylinder head's walls on conventional engines. The OPOC engine is claimed
to have up to 50% greater fuel efficiency compared with conventional engines of similar output, along with a corresponding reduction
in greenhouse gas emissions. Gates has stated that the OPOC can be an important step in providing affordable, low-emission transportation
for the developing world.
Novagen sees its Y-Engine as further improving on some elements
of the OPOC engine. It has a versatile design that can be more easily adapted to power a wide variety of vehicles and machinery
- industrial, marine, aerospace or automotive - and is thus able to realistically challenge the global engine market. The Y-Engine
also improves upon the design of previous opposing piston engines, particularly the version of the engine under development that
utilizes permanent magnets as the driving force.
Novagen owns all rights to the Novagen Y-Engine through its wholly-owned
subsidiary, Y-Engine Developments Pty Ltd. On October 14, 2012, Novagen filed for patent protection of the Novagen Y-Engine with
the United States Patent and Trade Mark Office. On November 2, 2012, Novagen filed an updated patent application and is currently
preparing the utility patent application.
At the time of writing Novagen has delivered models of the Y-Engine
to its U.S. patent attorneys and a prototype will soon be ready for field testing. Several additional engines are currently under
construction and will be fitted to test vehicles in the first quarter of 2013.
2.	The Renegade Motors V-twin Motorcycle Engine
In addition to its innovative Y-Engine, Novagen has purchased the
rights to an industry-recognized V-twin motorcycle engine which it has re-engineered and intends to commercialize in 2013.
In June 2012, Novagen acquired Renegade Streetwear Pty Ltd ("Renegade"),
an Australian company that has been designing and developing large high-performance V-twin engines for high-end custom motorcycles
under the Renegade brand since 1998. The Renegade 147 engine has an international customer base and has gained an enthusiastic
following among custom motorcycle fans. Approximately 70 of these high-end engines have been sold worldwide, retailing at around
$20,000 each. In 2006 Renegade Motors was a finalist for the Best Single Component Manufacturer Award at the Australian Motorcycle
Industry Awards.
Novagen has restructured Renegade to improve efficiencies and increase
capacity with a view towards realizing economies of scale and successfully competing in the global market. To this end the Renegade
V-twin has been redesigned as a smaller, more versatile and cost-effective motorcycle engine for the OEM market. The original Renegade
147 engine will continue to be produced, but the bulk of future revenue is expected to be generated by sales of Novagen's smaller
redesigned Renegade engine which is expected to be market-ready in the first quarter of 2013.
Renegade is expected to create a reliable revenue stream that will
offset the costs of development, manufacture and marketing of the Novagen Y-engine and future eco-friendly engine innovations.
The acquisition of Renegade has also enabled Novagen to incorporate mechanical elements of Renegade's proprietary engine
in the Novagen Y-Engine, which in turn, has led to improvements in the performance of the Y-Engine without substantial development
cost or delay. Novagen believes that additional synergies in the form of cost efficiencies will be realized through the Renegade
acquisition as production expands.
Growth Strategy
The expansion of Novagen's operations will be achieved through two
strategic acquisitions (see "Use of Proceeds"). One acquisition will provide the capacity for large scale manufacture
of parts for the Novagen Y-Engine and Renegade engine, while the other will establish a dedicated, purpose-built facility for ongoing
research and development of better propulsion solutions for the world's economies.
1.	Omanson Precision Engineering, Inc.
On October 9, 2012, Novagen agreed to acquire Omanson Precision
Engineering, Inc., a California company, in exchange for $750,000 cash and 200,000 shares of Novagen common stock. Omanson is a
profitable engineering company currently manufacturing parts for the aerospace industry and has standing contracts with Boeing,
Raytheon and Hughes, among others.
The acquisition of Omanson will rapidly expand Novagen's production
capacity for its engine components through the state-of-the-art manufacturing lines at the Omanson facilities in Los Angeles, California.
The addition of Omanson's management team and engineering expertise is also expected to significantly increase Novagen's
technical resources and accelerate further product development. Omanson's current management have agreed to a three year
employment contract.
2.	Research and Development Facility
On July 24, 2012, Novagen agreed to purchase 28 acres of agricultural
land and improvements in Queensland, Australia valued at $1.8M AUS, in exchange for $75,000 cash and 1,800,000 shares of Novagen
common stock, plus 1,800,000 warrants exercisable at $0.10 per share that expire on July 25, 2017.
Novagen plans to use the property for the further development and
testing of environmentally sustainable energy solutions. Construction of the laboratory, including building improvements and support
structures is expected to cost $250,000 and take 3 months. The planned facilities will house the ongoing research and development
of Novagen's low carbon emission engine technologies. As an adjunct to its engine program, Novagen intends to commence research
and development into biofuels at this location in 2013.
Use of Proceeds
The proceeds from the requested financing will
be used to: (1) acquire Omanson Precision Engineering Inc., a revenue-positive business, which will facilitate the mass production
of parts for the Novagen Y-Engine and redesigned Renegade engine; and (2) Establish facilities for research and development of
further low carbon emission engine technologies.
(1)
Acquisition of Omanson Precision Engineering Inc.
(a)
Cash portion of acquisition
$750,000
(b)
Working Capital to prepare the Omanson facilities for mass production of the Novagen Engine, including equipment retrofit, expansion of the current engineering lab and training
$250,000
(2)
Acquisition of R&D Property
(a)
Cash portion of acquisition
$75,000
(b)
Regulatory fees associated with acquisition
$50,000
(c)
Building improvements (research and development laboratory)
$250,000
(d)
Tooling machinery and other equipment
$1,750,000
(e)
Operating expenses (12 months)
$150,000
TOTAL
$3,275,000
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.
NOVAGEN SOLAR INC.
/s/ Micheal P. Nugent
Micheal P. Nugent
President & CEO
Date: December 10, 2012