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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>UNITED
        STATES</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>SECURITIES
        AND EXCHANGE COMMISSION</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Washington,
        D.C. 20549</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><strong>FORM
        8-K</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>CURRENT
        REPORT</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Pursuant
        to Section 13 or 15(d) of the Securities Exchange Act of
        1934</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date
        of
        Report (Date of earliest event reported): </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>November
        17, 2005</u></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 22pt; FONT-FAMILY: Times New Roman"><u>Solomon
        Technologies, Inc.</u></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Exact
        name of registrant as specified in its charter)</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div>
        <table cellpadding="0" cellspacing="0" width="100%">

            <tr>
              <td valign="top" width="20%" style="BORDER-BOTTOM: medium none">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Delaware</u></font></div>
              </td>
              <td valign="top" width="20%" style="BORDER-BOTTOM: medium none">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>000-50532</u></font></div>
              </td>
              <td valign="top" width="19%" style="BORDER-BOTTOM: medium none">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>52-1812208</u></font></div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="20%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(State
                  or other jurisdiction of incorporation)</font></div>
              </td>
              <td valign="top" width="20%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Commission
                  File Number)</font></div>
              </td>
              <td valign="top" width="19%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(IRS
                  Employer Identification No.)</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">1400
        L
&amp; R Industrial Boulevard </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Tarpon
        Springs, Florida 34689</u></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Address
        of principal executive offices, zip code)</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Registrant's
        telephone number, including area code: </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>(727)
        934-8778</u></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>N/A</u></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Former
        name or former address, if changed since last report)</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Check
        the
        appropriate box below if the Form 8-K filing is intended to simultaneously
        satisfy the filing obligation of the registrant under any of the following
        provisions (</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>see
        </em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">General
        Instruction A.2. below):</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div align="center">
        <table bgcolor="#ffffff" cellpadding="0" cellspacing="0" width="100%">

            <tr bgcolor="#ffffff">
              <td width="2%">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<font style="FONT-FAMILY: Wingdings" size="2">o</font></div>
              </td>
              <td width="50%"><font size="2">Written communications pursuant to
                Rule 425
                under the Securities Act (17 CFR 230.425)</font></td>
            </tr>
            <tr bgcolor="#ffffff">
              <td width="2%">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<font style="FONT-FAMILY: Wingdings" size="2">o</font></div>
              </td>
              <td width="50%"><font size="2">Soliciting material pursuant to Rule
                14a-12
                under the Exchange Act (17 CFR 240.14a-12)</font></td>
            </tr>
            <tr bgcolor="#ffffff">
              <td width="2%">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<font style="FONT-FAMILY: Wingdings" size="2">o</font></div>
              </td>
              <td width="50%"><font size="2">Pre-commencement communications pursuant
                to
                Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></td>
            </tr>
            <tr bgcolor="#ffffff">
              <td width="2%">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;<font style="FONT-FAMILY: Wingdings" size="2">o</font></div>
              </td>
              <td width="50%"><font size="2">Pre-commencement communications pursuant
                to
                Rule 13e-4(c) under the Exchange Act (17 CFR
                240.13e-4(c))</font></td>
            </tr>

        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB2" style="COLOR: black; LETTER-SPACING: -3pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: -3pt">&#160;&#160;&#160;&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: -3pt">&#160;</font></div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
          </div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Forward-Looking
        Statements: </strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Some
        of
        the statements in this report are forward-looking statements that involve
        risks
        and uncertainties. These forward-looking statements include statements about
        our
        plans, objectives, expectations, intentions and assumptions that are not
        statements of historical fact. You can identify these statements by the
        following words: </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">-
        "may"
</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">-
        "will"
</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">-
        "should" </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">-
        "estimates" </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">-
        "plans"
</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">-
        "expects" </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">-
        "believes" </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">-
        "intends" </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">and
        similar expressions. We cannot guarantee our future results, performance
        or
        achievements. Our actual results and the timing of corporate events may differ
        significantly from the expectations discussed in the forward-looking statements.
        You are cautioned not to place undue reliance on any forward-looking statements.
        Potential risks and uncertainties that could affect our future operating
        results
        include, but are not limited to, the risks identified and discussed from
        time to
        time in our filings with the Securities and Exchange Commission.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
        1.01.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;
</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Entry
        into a Material Definitive Agreement</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
        November 22, 2005, Solomon Technologies, Inc. (the &#8220;Company&#8221;) entered into an
        agreement with Oliver Street Finance LLC (&#8220;Oliver Street&#8221;) pursuant to which
        Oliver Street will provide funding to the Company to prosecute the Company&#8217;s
        patent infringement action against Toyota Motor Corporation, Toyota Motor
        Sales
        U.S.A., Inc. and Toyota Motor Manufacturing North America (collectively,
        &#8220;Toyota&#8221;). Under the terms of the agreement, Oliver Street will pay all legal
        fees and out-of pocket expenses billed by the Company&#8217;s special patent counsel,
        Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. (&#8220;Mintz&#8221;), in connection
        with the litigation against Toyota (the &#8220;Litigation&#8221;) and approved by the
        Company in exchange for a portion of any recovery that the Company receives
        in
        the Litigation equal to the greater of 40% of the recovery or the actual
        amount
        of legal fees and expenses Oliver Street pays on the Company&#8217;s behalf. Michael
        D&#8217;Amelio, a director of the Company, is also affiliated with Oliver
        Street.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
        November 17, 2005, the Company and Woodlaken LLC (&#8220;Woodlaken&#8221;), Jezebel
        Management Corporation (&#8220;Jezebel&#8221;), Pinetree (Barbados), Inc. (&#8220;Pinetree&#8221;) and
        Coady Family LLC (&#8220;Coady,&#8221; and together with Woodlaken, Jezebel and Pinetree,
        the &#8220;Investors&#8221;) entered into an agreement to amend the promissory notes in such
        aggregate principal amount of $750,000 issued by the Company to the Investors
        between March and September 2005 (the &#8220;Notes&#8221;) extending the maturity date of
        the Notes from December 1, 2005 to January 31, 2006. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
        November 18, 2005, the Company borrowed $100,000 from Pinetree and $100,000
        from
        Jezebel and issued promissory notes in such principal amounts to Pinetree
        and
        Jezebel. The new notes bear interest at a rate of 12% per annum and mature
        on
        January 31, 2006. The new notes have substantially the same terms as the
        Notes
        and with the Notes are secured by a first priority security interest in all
        of
        the tangible and intangible assets of the Company. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; COLOR: #000000; FONT-FAMILY: Times New Roman">2</font></div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
          </div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pinetree
        currently owns 1,171,474 shares of Series A Preferred Stock of the Company
        and
        holds warrants to purchase 1,771,474 shares of common stock of the Company.
        The
        president of Jezebel is Michael D&#8217;Amelio, a director of the Company. Jezebel
        currently owns 250,000 shares of Series A preferred stock of the Company
        and
        holds a warrant to purchase 500,000 shares of common stock of the
        Company.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
        board
        of directors of the Company has authorized the Company to borrow up to an
        additional $300,000 from Woodlaken, Jezebel, Pinetree, Coady and others on
        the
        same terms as the Notes and the new notes issued to Pinetree and Jezebel.
        </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
        2.03</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;
</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Creation
        of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet
        Arrangement of a Registrant</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">As
        more
        fully described under Item 1.01, on November 18, 2005, the Company borrowed
        $100,000 from Pinetree and $100,000 from Jezebel and issued promissory notes
        in
        such principal amounts to Pinetree and Jezebel. The notes are secured by
        a first
        priority security interest in all of the tangible and intangible assets of
        the
        Company. The notes may be accelerated by Pinetree and Jezebel upon the
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</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Regulation
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        in connection with the Litigation. On November 22, 2005, the Company
        entered into the agreement with Oliver Street described in Item 1.01 above
        under
        which Oliver Street will provide funding to the Company to prosecute the
        Litigation.</font></div>
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        dated November 22, 2005 between the Company and Oliver Street</font></div>
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        Registrant has duly caused this report to be signed on its behalf by the
        undersigned hereunto duly authorized.</font></div>
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            <tr bgcolor="#ffffff">
              <td width="50%">&#160;</td>
              <td width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SOLOMON
                TECHNOLOGIES, INC.</font></td>
            </tr>
            <tr bgcolor="#ffffff">
              <td width="50%">&#160;</td>
              <td width="50%">&#160;<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Registrant)</font></td>
            </tr>
            <tr bgcolor="#ffffff">
              <td width="50%">&#160;</td>
              <td width="50%">&#160;</td>
            </tr>
            <tr bgcolor="#ffffff">
              <td width="50%">&#160;</td>
              <td width="50%">&#160;</td>
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            <tr bgcolor="#ffffff">
              <td width="50%">&#160;<font size="2">Dated: November 22, 2005</font></td>
              <td width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">By:&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>/s/
                Peter W. DeVecchis, Jr.</u></font></td>
            </tr>
            <tr bgcolor="#ffffff">
              <td width="50%">&#160;</td>
              <td width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Peter
                W. DeVecchis, Jr.</font></td>
            </tr>
            <tr bgcolor="#ffffff">
              <td width="50%">&#160;</td>
              <td width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;President</font></td>
            </tr>
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              <td width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(Principal
                Executive Officer)</font></td>
            </tr>

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{"company-data": {"conformed-name": "SOLOMON TECHNOLOGIES INC", "cik": "0001240722", "assigned-sic": "3621", "irs-number": "521812208", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-50532", "film-number": "051223678"}, "business-address": {"street1": "7375 BENEDICT AVENUE", "city": "BENEDICT", "state": "MD", "zip": "20612", "phone": "3012744479"}, "mail-address": {"street1": "1400 L & R INDUSTRIAL BOULEVARD", "city": "TARPON SPRINGS", "state": "FL", "zip": "34689"}}
Unassociated Document
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):
November
        17, 2005
Solomon
        Technologies, Inc.
(Exact
        name of registrant as specified in its charter)
Delaware
000-50532
52-1812208
(State
                  or other jurisdiction of incorporation)
(Commission
                  File Number)
(IRS
                  Employer Identification No.)
1400
        L
& R Industrial Boulevard
Tarpon
        Springs, Florida 34689
(Address
        of principal executive offices, zip code)
Registrant's
        telephone number, including area code:
(727)
        934-8778
N/A
(Former
        name or former address, if changed since last report)
Check
        the
        appropriate box below if the Form 8-K filing is intended to simultaneously
        satisfy the filing obligation of the registrant under any of the following
        provisions (
see
General
        Instruction A.2. below):
o
Written communications pursuant to
                Rule 425
                under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule
                14a-12
                under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant
                to
                Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant
                to
                Rule 13e-4(c) under the Exchange Act (17 CFR
                240.13e-4(c))
Forward-Looking
        Statements:
Some
        of
        the statements in this report are forward-looking statements that involve
        risks
        and uncertainties. These forward-looking statements include statements about
        our
        plans, objectives, expectations, intentions and assumptions that are not
        statements of historical fact. You can identify these statements by the
        following words:
-
        "may"
-
        "will"
-
        "should"
-
        "estimates"
-
        "plans"
-
        "expects"
-
        "believes"
-
        "intends"
and
        similar expressions. We cannot guarantee our future results, performance
        or
        achievements. Our actual results and the timing of corporate events may differ
        significantly from the expectations discussed in the forward-looking statements.
        You are cautioned not to place undue reliance on any forward-looking statements.
        Potential risks and uncertainties that could affect our future operating
        results
        include, but are not limited to, the risks identified and discussed from
        time to
        time in our filings with the Securities and Exchange Commission.
Item
        1.01.
Entry
        into a Material Definitive Agreement
On
        November 22, 2005, Solomon Technologies, Inc. (the "Company") entered into an
        agreement with Oliver Street Finance LLC ("Oliver Street") pursuant to which
        Oliver Street will provide funding to the Company to prosecute the Company's
        patent infringement action against Toyota Motor Corporation, Toyota Motor
        Sales
        U.S.A., Inc. and Toyota Motor Manufacturing North America (collectively,
        "Toyota"). Under the terms of the agreement, Oliver Street will pay all legal
        fees and out-of pocket expenses billed by the Company's special patent counsel,
        Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. ("Mintz"), in connection
        with the litigation against Toyota (the "Litigation") and approved by the
        Company in exchange for a portion of any recovery that the Company receives
        in
        the Litigation equal to the greater of 40% of the recovery or the actual
        amount
        of legal fees and expenses Oliver Street pays on the Company's behalf. Michael
        D'Amelio, a director of the Company, is also affiliated with Oliver
        Street.
On
        November 17, 2005, the Company and Woodlaken LLC ("Woodlaken"), Jezebel
        Management Corporation ("Jezebel"), Pinetree (Barbados), Inc. ("Pinetree") and
        Coady Family LLC ("Coady," and together with Woodlaken, Jezebel and Pinetree,
        the "Investors") entered into an agreement to amend the promissory notes in such
        aggregate principal amount of $750,000 issued by the Company to the Investors
        between March and September 2005 (the "Notes") extending the maturity date of
        the Notes from December 1, 2005 to January 31, 2006.
On
        November 18, 2005, the Company borrowed $100,000 from Pinetree and $100,000
        from
        Jezebel and issued promissory notes in such principal amounts to Pinetree
        and
        Jezebel. The new notes bear interest at a rate of 12% per annum and mature
        on
        January 31, 2006. The new notes have substantially the same terms as the
        Notes
        and with the Notes are secured by a first priority security interest in all
        of
        the tangible and intangible assets of the Company.
2
Pinetree
        currently owns 1,171,474 shares of Series A Preferred Stock of the Company
        and
        holds warrants to purchase 1,771,474 shares of common stock of the Company.
        The
        president of Jezebel is Michael D'Amelio, a director of the Company. Jezebel
        currently owns 250,000 shares of Series A preferred stock of the Company
        and
        holds a warrant to purchase 500,000 shares of common stock of the
        Company.
The
        board
        of directors of the Company has authorized the Company to borrow up to an
        additional $300,000 from Woodlaken, Jezebel, Pinetree, Coady and others on
        the
        same terms as the Notes and the new notes issued to Pinetree and Jezebel.
Item
        2.03
Creation
        of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet
        Arrangement of a Registrant
As
        more
        fully described under Item 1.01, on November 18, 2005, the Company borrowed
        $100,000 from Pinetree and $100,000 from Jezebel and issued promissory notes
        in
        such principal amounts to Pinetree and Jezebel. The notes are secured by
        a first
        priority security interest in all of the tangible and intangible assets of
        the
        Company. The notes may be accelerated by Pinetree and Jezebel upon the
        occurrence of certain events of default, including the Company's bankruptcy or
        liquidation or breach of any of the Company's representations or obligations
        under the notes. The notes mature on January 31, 2006.
Item
        7.01
Regulation
        FD Disclosure
On
        November 23, 2005, the Company formally engaged Mintz to represent the Company
        in connection with the Litigation. On November 22, 2005, the Company
        entered into the agreement with Oliver Street described in Item 1.01 above
        under
        which Oliver Street will provide funding to the Company to prosecute the
        Litigation.
Item
        9.01
Financial
        Statements and Exhibits
(c)
Exhibits
Exhibit
        No.
Description
10.1
Agreement
        dated November 22, 2005 between the Company and Oliver Street
3
SIGNATURE
Pursuant
        to
        the requirements of the Securities Exchange Act of 1934, as amended, the
        Registrant has duly caused this report to be signed on its behalf by the
        undersigned hereunto duly authorized.
SOLOMON
                TECHNOLOGIES, INC.
(Registrant)
Dated: November 22, 2005
By:
/s/
                Peter W. DeVecchis, Jr.
Peter
                W. DeVecchis, Jr.
President
(Principal
                Executive Officer)
4