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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

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FORM 8-K
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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 16, 2006
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Electric Aquagenics Unlimited, Inc.
(Exact name of registrant as specified in its charter)
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Delaware 000-51807 87-0654478
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(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
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1464 West 40 South, Suite 200, Lindon, Utah 84042
(Address of principal executive office) (zip code)

Registrant's telephone number, including area code: (801) 443-1031

N/A
(Former name or former address, if changed since last report)

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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))

Section 1 - Registrant's Business and Operations

Item 1.01 Entry into a Material Definitive Agreement

Amended and Restated License Agreement.

On January 10, 2007, Electric Aquagenics Unlimited, Inc. (the "Company")
entered into an Amended and Restated License Agreement (the "Amended License
Agreement") with Zerorez Franchising Systems, Inc., a Nevada corporation
("Zerorez"). Zerorez is an affiliated entity having similar shareholders and who
was founded by the same individuals who founded the Company. John Hopkins,
William Warwick and Jay Potter are shareholders of Zerorez. Mr. Hopkins is also
a board member and franchisee of Zerorez. A copy of the Amended License
Agreement is filed herewith as Exhibit 10.1.

The Company has had a license agreement with Zerorez since March, 2001, as
disclosed in the Company's previous reports as filed with the SEC. As revised,
the Amended License Agreement provides a licensing arrangement whereby Zerorez
and its franchisees may use the Company's equipment and technology to produce
electrolyzed fluids for use in carpet cleaning and related applications, at
rates that are set forth in the agreement. The Amended License Agreement has a
term of five years with automatic renewal clauses for three additional five-year
terms. Generally, neither party may terminate the agreement unless there is a
breach by, or consent from, the other party.

Stock Purchase Agreement.

The information included in Item 3.02 below is incorporated by reference
into this Item 1.01. A copy of the Stock Purchase Agreement is filed herewith as
Exhibit 10.2.

Amendment to Warrant Agreements and Debenture.

On January 10, 2007, Water Science LLC signed a letter agreeing to waive
the anti-dilution provisions of its Warrant Agreements date September 16, 2005
and May 1, 2006 and its Debenture dated September 16, 2005, in connection with
the issuance of the inducement stock option to Wade Bradley, the recently hired
Chief executive Officer of the Company. A copy of the Waiver Letter is filed
herewith as Exhibit 10.3.

Section 3 - Securities and Trading Markets

Item 3.02 Unregistered Sales of Equity Securities.

Stock Purchase from Company by Peter by Ullrich

On January 10, 2007, the Company entered into a Stock Purchase Agreement
with Peter F. Ullrich, a shareholder of the Company, whereby Mr. Ullrich agreed
to purchase a total of 2,307,692 newly issued shares of $0.0001 par value common
stock of the Company for a purchase price of $1.30 per share in a private
transaction, for total consideration of $2,999,999.60. The purchase of the stock
was closed concurrently with the signing of the agreement. The issuance of the
shares was exempt from registration with the Securities and Exchange Commission
under Section 4(2) of the Act and Rule 506 of Regulation D promulgated
thereunder, in that Mr. Ullrich is an accredited investor and the issuance
occurred without general solicitation.

Section 5 - Corporate Governance and Management

Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(d) Appointment of Director. On November 16, 2006, the Board of Directors of the
Company appointed Wade R. Bradley, the Company President and Chief Executive
Officer, as a member of the Board of Directors. Mr. Bradley continues to serve
as an executive of the Company pursuant to his Employment Agreement dated
October 24, 2006, and other employment arrangements as described in Item 5.02 to
the Company's Form 8-K filed on October 30, 2006, which is incorporated herein
by this reference.

Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal
Year.

(a) Certificate of Amendment for Name Change. On January 17, 2007, the Company
filed a Certificate of Amendment to its Certificate of Incorporation to effect
the change of its corporate name to "EAU Technologies, Inc.," effective as of
January 17, 2007. This amendment was approved by the stockholders at a special
meeting in 2006. A copy of the Certificate of Amendment is filed herewith as
Exhibit 3.3

Section 8 - Other Events.

Item 8.01 Other Events.

Board Meeting. On January 12, 2007, the Board of Directors of the Company met
and discussed the pending proposal to change the Company's domicile to Nevada.
This proposed change was approved at the special stockholder meeting in March
2006. However, based in part upon advice of management and legal counsel to the
Company, the Board has determined that the proposed change in domicile was not
in the best interest of the Company. Consequently, the Board voted to abandon
the proposal, and the Company will remain a Delaware corporation. In addition,
the Board's proposal to amend the Certificate of Incorporation and the Bylaws
has been abandoned and the Board plans to address any proposed amendments at the
2007 meeting of stockholders.

Additional Stock Purchases by Peter Ullrich. On January 16, 2007, Peter Ullrich
purchased a total of 565,000 additional shares of Company common stock, in a
private sale at a price of $.90 per share, from Joseph Stapley, an officer the
Company, and EOWORP, LLC, a company controlled by Gaylord Karren, James Stone,
and John Hopkins.

Section 9 - Financial Statements and Exhibits.

Item 9.01 Financial Statements and Exhibits.

(a) Financial Statements of Businesses Acquired.

Not applicable

(b) Pro Forma Financial Information.

Not applicable

Not Applicable

(d) Exhibits.

Exhibit
Number Description
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3.3 Certificate of Amendment to Certificate of Incorporation

10.1 Amended and Restated License Agreement dated as of January 10,
2007 by and between Electric Aquagenics Unlimited, Inc. and
Zerorez Franchising Systems, Inc.

10.2 Stock Purchase Agreement dated as of January 10, 2007 by and
between Electric Aquagenics Unlimited, Inc. and Peter Ullrich

10.3 Waiver Letter signed January 10, 2007 by Peter Ullrich

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, Electric
Aquagenics Unlimited, Inc. has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.

Dated: January 17, 2007 ELECTRIC AQUAGENICS UNLIMITED, INC.

By: /s/ Wade R. Bradley
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Wade R. Bradley
President and Chief Executive Officer

EXHIBIT INDEX

Exhibit
Number Description
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3.3 Certificate of Amendment to Certificate of Incorporation

10.1 Amended and Restated License Agreement dated as of January 10,
2007 by and between Electric Aquagenics Unlimited, Inc. and
Zerorez Franchising Systems, Inc.

10.2 Stock Purchase Agreement dated as of January 10, 2007 by and
between Electric Aquagenics Unlimited, Inc. and Peter Ullrich

10.3 Waiver Letter signed January 10, 2007 by Peter Ullrich