8-K

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 5, 2015

EHOUSE GLOBAL, INC.

(Exact name of registrant as specified in its charter)

Nevada	000-55113	57-1221013
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

9974 Scripps Ranch Blvd. #182 San Diego, CA 92131

(Address of principal executive offices) (Zip Code)

858-459-0770

Registrant’s telephone number, including area code:

7660 Fay Avenue Suite H169 La Jolla, CA 92037

(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))

Item 1.01. Entry into a Material Definitive Agreement

On March 5, 2015, EHouse Global, Inc. (the “Company”) entered into a Settlement Agreement and Stipulation Agreement (the “Settlement Agreement”) with IBC Funds, LLC, a Nevada limited liability company (“IBC”) pursuant to which the Company agreed to issue common stock to IBC in exchange for the settlement of $85,827.93 (the “Settlement Amount”) of past-due accounts payable of the Company.  IBC purchased the accounts payable from certain vendors of the Company.

On March 6, 2015, the Circuit Court of the Twelfth Judicial Circuit in and for Manatee County, Florida (the “Court”), entered an order (the “Order”) approving, among other things, the fairness of the terms and conditions of an exchange pursuant to Section 3(a)(10) of the Securities Act of 1933, as amended (the “Securities Act”), in accordance with a stipulation of settlement, pursuant to the Settlement Agreement between the Company and IBC, in the matter entitled IBC Funds, LLC v. EHouse Global, Inc. (the “Action”). IBC commenced the Action against the Company to recover an aggregate of $85,827.93 of past-due accounts payable of the Company (the “Claim”), which IBC had purchased from certain vendors of the Company pursuant to the terms of separate receivable purchase agreements between IBC and each of such vendors.  The Order provides for the full and final settlement of the Claim and the Action.  The Settlement Agreement became effective and binding upon the Company and IBC upon execution of the Order by the Court on March 7, 2015.

Pursuant to the terms of the Settlement Agreement approved by the Order, on March 7, 2015, the Company agreed to issue to IBC shares (the “Settlement Shares”) of the Company’s common stock, $0.001 par value (the “Common Stock”).  The Settlement Agreement provides that the Settlement Shares will be issued in one or more tranches, as necessary, sufficient to satisfy the Settlement Amount through the issuance of freely trading securities issued pursuant to Section 3(a)(10) of the Securities Act.  Pursuant to the Settlement Agreement, IBC may deliver a request to the Company which states the dollar amount of Common Stock to be issued to IBC.  The parties agree that the total amount of Common Stock to be delivered by the Company to satisfy the share request shall be issued at a 50% discount to market based upon the average of the volume weighted average price of the Common Stock over the 20 trading day period preceding the share request.  Additional tranche requests shall be made as requested by IBC until the Settlement Amount is paid in full so long as the number of shares requested does not make IBC the owner of more than 9.99% of the outstanding shares of Common Stock at any given time.

There are 5,000,000,000 shares of Common Stock of the Company authorized, of which approximately 399,925,571 shares of common stock are issued and outstanding as of March 11, 2015. Pursuant to the terms of the Settlement Agreement, the Company has agreed to reserve 940,000,000 shares of Common Stock to provide for issuances upon full satisfaction of the Settlement Amount.

The foregoing description of the Settlement Agreement is qualified in its entirety by reference to the full text of the Settlement Agreement which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

Item 3.02. Unregistered Sales of Equity Securities.

The information reported in Item 1.01 is incorporated by reference into this Item 3.02.  

On March 6, 2015, the Board of Directors of the Company approved and authorized the issuance of 30,000,000 shares of common stock to IBC in partial satisfaction of its obligations under the Settlement Agreement.  The issuance of Common Stock to IBC pursuant to the terms of the Settlement Agreement approved by the Order is exempt from the registration requirements of the Securities Act pursuant to Section 3(a)(10) thereof, as an issuance of securities in exchange for bona fide outstanding claims, where the terms and conditions of such issuance are approved by a court after a hearing upon the fairness of such terms and conditions at which all persons to whom it is proposed to issue securities in such exchange shall have the right to appear.

Item 9.01 Financial Statements and Exhibits

Exhibit No.	Description
10.1	Settlement Agreement, dated March 6, 2015

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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.

Dated: March 11, 2015

EHOUSE GLOBAL, INC.
By:	/s/ Scott Corlett
	Scott Corlett President and Chief Executive Officer

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EX-10.1