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) March 8, 2006
EXECUTE SPORTS, INC.
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(Name of Small Business Issuer in its charter)
NEVADA 33-125868
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(State or other jurisdiction of (IRS Employer Identification No.)
incorporation or organization)
1284 Puerta del Sol Suite 150 San Clemente CA 92673
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(Address of principal executive offices) (Zip Code)
Issuer's Telephone Number (858) 518-1387
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Issuer's Fax Number (858) 279-1799
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Check the appropriate box 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
CFR14a-12)
[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 14d-2(b))
[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 13e-4(c))
Item 1.01 Entry into Material Definitive Agreement
On March 3, 2006, Execute Sports, Inc. ("Execute Sports", "we", the "Company")
entered into a Private Equity Credit Agreement (the "Credit Agreement") with
Skiva Graphics & Screen Printing, Inc. ("Skiva") pursuant to which Skiva has
agreed to provide the Company with up to $400,000 in finished goods in return
for up to $400,000 in restricted common stock of Execute Sports, a warrant to
purchase up to 400,000 shares of the Company's restricted common stock at $0.25
and a warrant to purchase up to 500,000 shares of the Company's restricted
common stock at $0.35.
The foregoing description of the Credit Agreement and the Warrants does not
purport to be complete and is qualified in its entirety by reference to the
complete text of the Credit Agreement, the $0.25 Warrant and the $0.35 Warrant
which are filed as Exhibit 2.1, 2.2 and 2.3 to this Current Report on Form 8-K,
respectively and are incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(c) Exhibits
2.1 Private Equity Credit Agreement Between Skiva Graphics & Screen
Printing Inc. and Execute Sports, Inc. dated March 3, 2006.
2.2 Warrant issued to Leon Monfort to purchase up to 400,000 shares of
Execute Sports, Inc. Common Stock at $0.25, dated March 3, 2006.
2.3 Warrant issued to Leon Monfort to purchase up to 500,000 shares of
Execute Sports, Inc. Common Stock at $0.35, dated March 3, 2006.
99.1 Press release dated March 8, 2006.
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.
Dated: March 8, 2006
EXECUTE SPORTS, INC.
By /s/ Todd M. Pitcher
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Todd M. Pitcher
President and Secretary
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