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): September 7, 2007
XsunX, Inc.
(Exact name of registrant as specified in its charter)
Colorado 000-29621 84-1384159
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
65 Enterprise, Aliso Viejo, California 92656
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(Address of principal executive offices and Zip Code)
Registrant's telephone number, including area code (949) 330-8060
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 8 - OTHER EVENTS
Item 8.01 Other Events
On September 7, 2007, XsunX initiated the final funding of disbursements under a
Promissory Note and Loan Agreement dated January 1, 2007, between XsunX and a
private technology development firm. Under the Promissory Note and Loan
Agreement XsunX has funded and extended the principal amount of $1,500,000
dollars to the private firm. The Loan was made by XsunX in conjunction with a
Technology License and Development Agreement between the parties, also dated
January 1, 2007, providing XsunX with licensing rights to plasma deposition
technologies for future use by XsunX in solar product manufacturing
technologies.
Use of the licensed plasma technology by XsunX in any of its planned or future
processes or products has and continues to be subject to completion of
development by the private firm, substantiation of intended performance criteria
under the agreements, and determination of commercial application suitability by
XsunX.
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 thereunto duly authorized.
Date: September 14, 2007
XSUNX, INC.
By: /s/Tom Djokovich
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Tom Djokovich, CEO/President