Item 3.02 Unregistered Sales of Equity Securities
On October 13, 2009, 14 investors purchased an aggregate of 20,000,000 shares of
common stock at $0.5 per share for an aggregate purchase price of $1,000,000
from Sunovia Energy Technologies, Inc. (the "Company"). Additionally, on October
15, 2009, one accredited investor purchased an aggregate of 1,750,000 shares of
common stock at $.06 per share for an aggregate purchase price of $105,000 from
the Company.
The shares of common stock were offered and sold to the investors in private
placement transactions made in reliance upon exemptions from registration
pursuant to Section 4(2) under the Securities Act of 1933 and/or Rule 506
promulgated thereunder as the Company did not sell to in excess of 35
unaccredited investors.