<HTML>
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<TITLE>Form 8-K - Adventure Energy, Inc.</TITLE>
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<H5 align="left" style="page-break-before:always"><A HREF="#TableOfContents">Table of Contents</A></H5>
<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>SECURITIES AND EXCHANGE COMMISSION</B></DIV>
<DIV align="center" style="font-size: 12pt"><B>Washington, DC 20549</B></DIV>
<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM 8-K</B></DIV>
<DIV align="center" style="font-size: 10pt; margin-top: 18pt">CURRENT REPORT<BR>Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934</DIV>
<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>September 4, 2009</B><BR><DIV style="margin-top: 1px"><FONT style="border-top: 1px solid #000000">Date of Report (Date of earliest event reported)</FONT></DIV></DIV>
<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B><FONT style="border-bottom: 1px solid #000000">Adventure Energy, Inc.</FONT></B></DIV>
<DIV align="center" style="font-size: 10pt"><I>(Exact name of registrant as specified in its charter)</I></DIV><BR>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="bottom"><B>Florida</B></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom"><B>333-154799</B></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom"><B>26-2317506</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><I>(State or other jurisdiction</I></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><I>(Commission</I></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><I>(IRS Employer</I></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><I>of incorporation)</I></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><I>File Number)</I></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><I>Identification Number)</I></TD>
</TR>
</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="bottom"><B></B></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom"><B></B></TD>
</TR>
<TR style="font-size: 1px">
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><I>(Address of principal executive offices)</I></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><I>(Zip Code)</I></TD>
</TR>
</TABLE>
</DIV>
<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>(727) 824-2800</B><BR><DIV style="margin-top: 1px"><FONT style="border-top: 1px solid #000000">Registrant&#146;s telephone number, including area code</FONT></DIV></DIV>
<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B></B><BR><DIV style="margin-top: 1px"><FONT style="border-top: 1px solid #000000"><I>(Former Name or Former Address, if Changed Since Last Report)</I></FONT></DIV></DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">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 (<I>see </I>General Instruction A.2. below):</DIV>
<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="1%"></TD>
    <TD width="1%"></TD>
    <TD width="98"></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left">&#91;&nbsp;&nbsp;&#93;</TD>
    <TD>&nbsp;</TD>
    <TD>Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</TD>
</TR>
<TR style="line-height: 5pt">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="top">
    <TD nowrap align="left">&#91;&nbsp;&nbsp;&#93;</TD>
    <TD>&nbsp;</TD>
    <TD>Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD>
</TR>
<TR style="line-height: 5pt">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="top">
    <TD nowrap align="left">&#91;&nbsp;&nbsp;&#93;</TD>
    <TD>&nbsp;</TD>
    <TD>Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</TD>
</TR>
<TR style="line-height: 5pt">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="top">
    <TD nowrap align="left">&#91;&nbsp;&nbsp;&#93;</TD>
    <TD>&nbsp;</TD>
    <TD>Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</TD>
</TR>
</TABLE>
</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<P align="center" style="font-size: 10pt">&nbsp;</P>
</DIV>
<BR><BR>
<A name="TableOfContents"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>
<BR>

<TABLE border="0" width="90%" cellpadding="0" cellspacing="0" style="margin-left:50">
<TR>
    <TD width="25">&nbsp;</TD></TR>
    <TD width="25%">&nbsp;</TD>
</TR>
<TR><TD colspan="2"><A HREF="#1.01">1.01 &nbsp;Entry into a Material Definitive Agreement</A></TD></TR>
<TR><TD colspan="2"><A HREF="#9.01">9.01 &nbsp;Financial Statements and Exhibits</A></TD></TR>
<TR><TD colspan="2"><A HREF="#Signatures">Signatures</A></TD></TR>
<TR><TD colspan="2"><A HREF="#ExhibitIndex">EXHIBIT INDEX</A></TD></TR>
<TR><TD colspan="2"><A HREF="ex-10_1.htm">EX-10.1 &nbsp;Material contracts</A></TD></TR>
</TABLE>

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<H5 align="left" style="page-break-before:always"><A HREF="#TableOfContents">Table of Contents</A></H5>
<DIV align="left"><A NAME="1.01"></A></DIV>
<P style="MARGIN: 0in 0in 0pt; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 12pt"><A name=FIS_SECTION_5_CORPORATE_GOVERNANCE></A><A name=FIS_CHANGE_IN_DIRECTORS_OR_PRINCIPAL_OFF></A><B><FONT style="FONT-SIZE: 10pt">Item 1.01&nbsp; Entry into a Material Definitive Agreement</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 12pt"><B><FONT style="FONT-SIZE: 10pt"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 12pt"><B><FONT style="FONT-SIZE: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><FONT style="COLOR: black; FONT-SIZE: 10pt">On September 4, 2009, Adventure Energy, Inc. (the &#147;Company&#148;) entered into a Lender Acquisition Agreement (the &#147;Agreement&#148;) with SLMI Holdings LLC (&#147;Holdings&#148;) and SLMI Options, LLC (&#147;Options&#148;). Pursuant to the Agreement, the Company acquired all of the outstanding ownership units (the &#147;Ownership Units&#148;) of Options from Holdings. The purchase price of the Ownership Units is as follows: (A) a promissory note in the principal amount of $1,000,000 secured by an interest in the Company&#146;s tangible and intangible assets; and (B) 1,500,000 shares of the Company&#146;s common stock. In addition, pursuant to the terms of the Agreement, the Company agreed to issue to Holdings 1,000,000 shares of Series A Preferred Stock of the Company, which shares shall be convertible into 10,000,000 shares of common stock upon the occurrence of an event of default under the Agreement. The Holders of the Series A Preferred shall have the right to one vote for each one share of Series A Preferred stock owned. The Agreement provides that in the event of a default, the Holders of the Series A Preferred Stock shall have the right to appoint 3 additional members to the Company&#146;s Board of Directors. In addition, the holders of the Series A Preferred Stock shall have the right to appoint an observer to the Company&#146;s Board of Directors who will act as tie breaking vote upon the occurrence of an event of default and the subsequent increase in the size of the Board to six members. &nbsp;The Company also agreed to issue 300,000 shares of Series B Preferred Stock to Holdings in consideration for the issuance of a promissory note in the principal amount of $300,000 which is due on the fifth anniversary of the Agreement and which is secured by the Series B Preferred Stock. The Series B Preferred Stock is convertible into 3,000,000 shares of common stock of the Company. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 12pt"><FONT style="COLOR: black; FONT-SIZE: 10pt"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 12pt"><FONT style="COLOR: black; FONT-SIZE: 10pt">Pursuant to the terms of the Agreement, the Company granted Owner the right, for a period of three years, to participate in up to 100% of any future financing transaction by the Company. </FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 12pt"><FONT style="COLOR: black; FONT-SIZE: 10pt"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 12pt"><FONT style="COLOR: black; FONT-SIZE: 10pt">In addition, the Agreement provides the following: (a) a prohibition of the Company from selling any of the collateral pledged pursuant to the Agreement without the consent of Holdings; (b) that no adverse change in the Company&#146;s financial condition or business shall occur; (c) permits Owners or its designees access to the companies books and records; (d) the maximum number of shares outstanding shall be no more than 45,000,000 on a fully diluted basis; (e) &nbsp;prohibition against any amendment of its Articles of Incorporation, any recapitalization of the Company&#146;s stock without the consent of Holding; (f)&nbsp; the Company shall continue to be a fully reporting public company and remain in good standing; and (g) the Company shall not default in its payment or performance of its obligations under the Agreement.&nbsp; </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 12pt"><FONT style="COLOR: black; FONT-SIZE: 10pt"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 12pt"><B><FONT style="FONT-SIZE: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><FONT style="FONT-SIZE: 10pt">SLMI Options, LLC was formed solely for the purpose of holding certain notes issued to Owner by Harry Thompson, Harlis Trust, Wilon Resources and or/Wilon Gathering System, Inc. which as of May 31, 2009 aggregated $1,329,824. </FONT></P>
<P style="MARGIN: 0in 0in 0pt; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 12pt"><B><FONT style="FONT-SIZE: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 12pt"><FONT style="FONT-SIZE: 10pt"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 12pt"><FONT style="FONT-SIZE: 10pt"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 12pt"><FONT style="FONT-SIZE: 10pt"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 12pt"><FONT style="FONT-SIZE: 10pt"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 12pt">&nbsp;</P>
<BR>
<DIV align="left"><A NAME="9.01"></A></DIV>
<p style='margin:0in; margin-bottom:.0001pt; font-size:12.0pt; font-family:"Times New Roman";'><b><font style='font-size:10.0pt'>Item 9.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial
Statements and Exhibits</font></b></p>

<p style='margin:0in; margin-bottom:.0001pt; font-size:12.0pt; font-family:"Times New Roman";text-autospace:none'><font style='font-size:10.0pt'>&nbsp;</font></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='border-collapse:collapse'>
 <tr>
  <td width=91 valign=top style='width:.95in;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in; margin-bottom:.0001pt; font-size:12.0pt; font-family:"Times New Roman";page-break-after:avoid;text-autospace:none'><b><font
  style='font-size:10.0pt;color:black'>Exhibit Number</font></b></p>
  </td>
  <td width=18 valign=top style='width:13.5pt;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in; margin-bottom:.0001pt; font-size:12.0pt; font-family:"Times New Roman";page-break-after:avoid;text-autospace:none'><b><font
  style='font-size:10.0pt;color:black'>&nbsp;</font></b></p>
  </td>
  <td width=529 valign=top style='width:396.9pt;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
  <p align=center style='margin:0in; margin-bottom:.0001pt; font-size:12.0pt; font-family:"Times New Roman";text-align:center;page-break-after:
  avoid;text-autospace:none'><b><font style='font-size:10.0pt;color:black'>&nbsp;</font></b></p>
  <p style='margin:0in; margin-bottom:.0001pt; font-size:12.0pt; font-family:"Times New Roman";page-break-after:avoid;text-autospace:none'><b><font
  style='font-size:10.0pt;color:black'>Description</font></b></p>
  </td>
 </tr>
</table>

<p style='margin:0in; margin-bottom:.0001pt; font-size:12.0pt; font-family:"Times New Roman";page-break-after:avoid'><font style='font-size:10.0pt;
color:#333333'>&nbsp;</font></p>

<p style='margin:0in; margin-bottom:.0001pt; font-size:12.0pt; font-family:"Times New Roman";margin-left:1.0in;text-align:justify;text-indent:
-.5in'><font style='font-size:10.0pt'>10.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lender Acquisition Agreement
dated as of September 4, 2009 among Adventure Energy. Inc., SLMI Holdings, LLC
and SLMI Options, LLC. </font></p>

<p style='margin:0in; margin-bottom:.0001pt; font-size:12.0pt; font-family:"Times New Roman";text-align:justify;text-indent:.5in'><font
style='font-size:10.0pt'>&nbsp;</font></p>

<p style='margin:0in; margin-bottom:.0001pt; font-size:12.0pt; font-family:"Times New Roman";text-autospace:none'>&nbsp;</p>

<p style='margin:0in; margin-bottom:.0001pt; font-size:12.0pt; font-family:"Times New Roman";text-autospace:none'><font style='font-size:10.0pt'>&nbsp;</font></p>

<p style='margin:0in; margin-bottom:.0001pt; font-size:12.0pt; font-family:"Times New Roman";text-autospace:none'><font style='font-size:10.0pt'>&nbsp;</font></p>

<p style='margin:0in; margin-bottom:.0001pt; font-size:12.0pt; font-family:"Times New Roman";text-autospace:none'><font style='font-size:10.0pt'>&nbsp;</font></p>

<p style='margin:0in; margin-bottom:.0001pt; font-size:12.0pt; font-family:"Times New Roman";text-autospace:none'><font style='font-size:10.0pt'>&nbsp;</font></p>

<p style='margin:0in; margin-bottom:.0001pt; font-size:12.0pt; font-family:"Times New Roman";text-autospace:none'><font style='font-size:10.0pt'>&nbsp;</font></p>

<p style='margin:0in; margin-bottom:.0001pt; font-size:12.0pt; font-family:"Times New Roman";text-autospace:none'><font style='font-size:10.0pt'>&nbsp;</font></p>

<p style='margin:0in; margin-bottom:.0001pt; font-size:12.0pt; font-family:"Times New Roman";line-height:.05pt;text-autospace:none'><a name=PGBRK></a><a
name=GLFTR></a><a name=FTR></a>&nbsp;</p>

<p align=center style='margin:0in; margin-bottom:.0001pt; font-size:12.0pt; font-family:"Times New Roman";text-align:center;line-height:.05pt;
text-autospace:none'><a name=PN>&nbsp;</a></p>

<p align=right style='margin:0in; margin-bottom:.0001pt; font-size:12.0pt; font-family:"Times New Roman";text-align:right;line-height:.05pt;
page-break-before:always;text-autospace:none'><a name=eolPage3></a><a
name=GLHDR></a><a name=HDR></a>&nbsp;</p>

<p style='margin:0in; margin-bottom:.0001pt; font-size:12.0pt; font-family:"Times New Roman";margin-top:8.5pt;text-autospace:none'><font
style='font-size:10.0pt'><br>
&nbsp;</font></p>

<p style='margin:0in; margin-bottom:.0001pt; font-size:12.0pt; font-family:"Times New Roman";text-autospace:none'><a name="FIS_SIGNATURES"></a>&nbsp;</p>
<BR>
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<H5 align="left" style="page-break-before:always"><A HREF="#TableOfContents">Table of Contents</A></H5>
<DIV align="left"><A NAME="Signatures"></A></DIV>
<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B></DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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.</DIV>
<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR valign="bottom">
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Adventure Energy, Inc.<BR>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">Date: September 11, 2009&nbsp;</TD>
<TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Wayne Anderson&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Wayne Anderson&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">President&nbsp;</TD>
<TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>
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<H5 align="left" style="page-break-before:always"><A HREF="#TableOfContents">Table of Contents</A></H5>
<DIV align="left"><A NAME="ExhibitIndex"></A></DIV>
<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="center" style="font-size: 10pt; margin-top: 18pt">EXHIBIT INDEX</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="87%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><U>Exhibit Number</U></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><DIV style="margin-left:0%; text-indent:-0px"><U>Description of Exhibit</U></div></TD>
</TR>
<TR valign="bottom">
    <TD align="left"><DIV style="margin-left:0px; text-indent:0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left"><DIV style="margin-left:0px; text-indent:0px">&nbsp;EX-10.1</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;Material contracts</TD>
</TR>
</TABLE>
</DIV>
</BODY>
</HTML>
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Form 8-K - Adventure Energy, Inc.
Table of Contents
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
September 4, 2009
Date of Report (Date of earliest event reported)
Adventure Energy, Inc.
(Exact name of registrant as specified in its charter)
Florida
333-154799
26-2317506
(State or other jurisdiction
(Commission
(IRS Employer
of incorporation)
File Number)
Identification Number)
(Address of principal executive offices)
(Zip Code)
(727) 824-2800
Registrant's telephone number, including area code
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (
see
General Instruction A.2. below):
[  ]
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))
TABLE OF CONTENTS
1.01  Entry into a Material Definitive Agreement
9.01  Financial Statements and Exhibits
Signatures
EXHIBIT INDEX
EX-10.1  Material contracts
Table of Contents
Item 1.01  Entry into a Material Definitive Agreement
On September 4, 2009, Adventure Energy, Inc. (the "Company") entered into a Lender Acquisition Agreement (the "Agreement") with SLMI Holdings LLC ("Holdings") and SLMI Options, LLC ("Options"). Pursuant to the Agreement, the Company acquired all of the outstanding ownership units (the "Ownership Units") of Options from Holdings. The purchase price of the Ownership Units is as follows: (A) a promissory note in the principal amount of $1,000,000 secured by an interest in the Company's tangible and intangible assets; and (B) 1,500,000 shares of the Company's common stock. In addition, pursuant to the terms of the Agreement, the Company agreed to issue to Holdings 1,000,000 shares of Series A Preferred Stock of the Company, which shares shall be convertible into 10,000,000 shares of common stock upon the occurrence of an event of default under the Agreement. The Holders of the Series A Preferred shall have the right to one vote for each one share of Series A Preferred stock owned. The Agreement provides that in the event of a default, the Holders of the Series A Preferred Stock shall have the right to appoint 3 additional members to the Company's Board of Directors. In addition, the holders of the Series A Preferred Stock shall have the right to appoint an observer to the Company's Board of Directors who will act as tie breaking vote upon the occurrence of an event of default and the subsequent increase in the size of the Board to six members.  The Company also agreed to issue 300,000 shares of Series B Preferred Stock to Holdings in consideration for the issuance of a promissory note in the principal amount of $300,000 which is due on the fifth anniversary of the Agreement and which is secured by the Series B Preferred Stock. The Series B Preferred Stock is convertible into 3,000,000 shares of common stock of the Company.
Pursuant to the terms of the Agreement, the Company granted Owner the right, for a period of three years, to participate in up to 100% of any future financing transaction by the Company.
In addition, the Agreement provides the following: (a) a prohibition of the Company from selling any of the collateral pledged pursuant to the Agreement without the consent of Holdings; (b) that no adverse change in the Company's financial condition or business shall occur; (c) permits Owners or its designees access to the companies books and records; (d) the maximum number of shares outstanding shall be no more than 45,000,000 on a fully diluted basis; (e)  prohibition against any amendment of its Articles of Incorporation, any recapitalization of the Company's stock without the consent of Holding; (f)  the Company shall continue to be a fully reporting public company and remain in good standing; and (g) the Company shall not default in its payment or performance of its obligations under the Agreement.
SLMI Options, LLC was formed solely for the purpose of holding certain notes issued to Owner by Harry Thompson, Harlis Trust, Wilon Resources and or/Wilon Gathering System, Inc. which as of May 31, 2009 aggregated $1,329,824.
Item 9.01               Financial
Statements and Exhibits
Exhibit Number
Description
10.1         Lender Acquisition Agreement
dated as of September 4, 2009 among Adventure Energy. Inc., SLMI Holdings, LLC
and SLMI Options, LLC.
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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.
Adventure Energy, Inc.
Date: September 11, 2009
By:
/s/ Wayne Anderson
Wayne Anderson
President
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EXHIBIT INDEX
Exhibit Number
Description of Exhibit
EX-10.1
Material contracts