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 and Exchange Act of 1934

Date of Report (Date of earliest event reported): November 7, 2013

SUSTAINABLE ENVIRONMENTAL TECHNOLOGIES CORPORATION

(Exact name of Registrant as specified in its charter)

2345 W. Foothill Blvd., Suite #12

Upland, CA 91786

(Address of principal executive offices, including zip code)

(801) 810-9888

(Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:

[_] Written communication 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 October 28, 2013, Sustainable Environmental Technologies Corporation, a California corporation (the “Company”) entered into an agreement of merger (“Agreement”) with HJG Holdings, LLC, a California limited liability company, (“HJG”) due to HJG’s ownership of ninety percent (90%) of the Company’s outstanding common stock. Pursuant to the Agreement, the Company shall be merged into HJG in a “going private” transaction under California Corporations Code section 1110 (the “Merger”). A copy of the Agreement is attached hereto, and incorporated by this reference as Exhibit 10.1.

On October 28, 2013, the board of directors of the Company reviewed the terms and conditions of the Agreement, and subsequent merger, and have determined via unanimous written consent that its terms and conditions are fair and reasonable and in the best interest of the Company and its shareholders. The board of directors of the Company based its determination on several factors including but not limited to the overall fairness of the transaction, the specific terms of the Agreement, and a valuation analysis that was prepared by an independent appraiser. Although the valuation analysis valued the stock at $0.0519 per share, the board vigorously negotiated with HJG for the $0.11 price per share.

The Merger is anticipated to become effective on or after December 11, 2013 (the “Effective Date”). After the Effective Date, as the surviving entity, HJG shall assume and succeed to the assets, rights, properties, privileges, powers, immunities, liabilities and obligations of the Company and shall cash out any remaining shareholders of the Company, utilizing a payment agent as described below, at $0.11 per share of common stock.

Because the Merger is a short form merger, in accordance with Section 1110 of the California Corporations Code, a shareholder vote is not required. However, at least 20 calendar days before the Effective Date, a notice of Merger shall be sent out to all shareholders of record on or before November 20, 2013. Therefore, under Section 701 of the California Corporations Code, and the Company’s Bylaws, the Company has set today, November 7, 2013, as the record date, in order to determine the Company’s shareholders entitled to receive the notice of Merger (the “Record Date”).

Such notice of Merger that shall be sent to the shareholders of record as of the Record Date, shall include a copy of the Agreement, a letter of transmittal from the payment agent with the payment agent’s contact information and information regarding the exchange, delivery and surrender of the shares of common stock of the Company after the Effective Date, and information regarding dissenters rights applicable to shareholders of record pursuant to California Corporations Code section 1301(a).

Item 3.01     Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

After the Effective Date, and concomitantly during the process of the aforementioned Merger, we shall deregister our shares of common stock with the Securities and Exchange Commission (“SEC”) by filing a Form 15, and taking all further actions to remove the applicable ticker symbol from trading with the Financial Industry Regulatory Authority (“FINRA”) and the over the counter (“OTC”) markets. The information disclosed under Item 1.01, Item 3.03 and 5.01 of this Current Report on Form 8-K is incorporated by reference into this Item 3.01.

Item 3.03      Material Modification to Rights of Security Holders.

At the Effective Date, each outstanding share of the Company’s common stock, $0.001 par value, excluding any shares of common stock not issued and outstanding, will, by virtue of the Merger and without any further action on the part of the Company, HJG, or our shareholders, be converted into and become the right to receive from HJG the sum of $0.11 per share of common stock in cash, without interest, and less any required withholding taxes. Therefore, as of the Effective Date, the holders of such shares of common stock shall cease to have any rights as shareholders of the Company (other than their right to receive $0.11 per share of common stock from HJG). The information disclosed under Item 1.01, 3.01 and 5.01 of this Current Report on Form 8-K is incorporated by reference into this Item 3.03.

Item 8.01     Other events

Options and Warrants

The board of directors of the Company have also resolved on October 28, 2013, via unanimous written consent, that all warrant holders, pursuant to such terms and conditions of the warrant agreements, and all option holders, pursuant to the plan to which such options were granted, whether vested or unvested, shall have the right to exercise such rights in full at their exercise price before the Effective Date.

General Information

The cash out of the outstanding shares of common stock of the Company as referred to in this report pursuant to the Merger has not yet commenced. This report is neither an offer to purchase nor a solicitation of an offer to sell any securities. On the Effective Date, the Company will file a Form 8-K with the SEC to report the removal of the ticker symbol and trading from FINRA and the OTC Markets.

Item 9.01     Financial Statements and Exhibits.

(d) Exhibits.

SIGNATURE

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.

Dated: November 7, 2013

Exhibit 10.1

AGREEMENT OF MERGER

THIS AGREEMENT OF MERGER (this “Agreement”) is entered into as of October 28, 2013, by and among Sustainable Environmental Technologies Corporation, a California corporation, and its wholly owned subsidiaries as listed on Exhibit “A” attached hereto (“Subsidiary”) and HJG Holdings, LLC, a California limited liability company (“Parent”)

Subsidiary and Parent hereby agree that at the Effective Time (as defined in this Agreement), Subsidiary and will merge into Parent on the following terms and conditions (the “Merger”):

ARTICLE 1

MERGER

At the Effective Time (as defined below), Subsidiary will be merged with and into Parent. Parent will be the surviving entity (hereinafter sometimes called the “Surviving Entity”). At the Effective Time, the separate corporate existence of Subsidiary will cease, and Surviving Entity will assume and succeed to the assets, rights, properties, privileges, powers, immunities, liabilities and obligations of Subsidiary. All rights of creditors and all liens on the property of Subsidiary will be preserved unimpaired, but limited to the property affected by such rights or liens immediately before the Merger.

ARTICLE 2

EFFECTIVE DATE

The Merger provided for in this Agreement will become effective on the filing by and in the office of the California Secretary of State of an executed copy of this Agreement with all requisite accompanying certificates. The time of such filing is referred to in this Agreement as the “Effective Time.”

ARTICLE 3

ARTICLES OF INCORPORATION; BYLAWS; BOARD OF DIRECTORS; OFFICERS

3.1     Articles of Organization. Parent’s articles of organization in effect immediately before the Effective Time will remain the articles of organization of the Surviving Entity without change or amendment until they are duly altered, amended, or repealed.

3.2     Operating Agreement. Parent’s Operating Agreement in effect immediately before the Effective Time will remain as the Operating Agreement of the Surviving Entity without change or amendment until they are duly altered, amended, or repealed in accordance thereto. Subsidiaries bylaws shall become null and void and of no further effect as of the Effective Time.

3.3     Directors and Officers. At the Effective Time, the directors of the Subsidiary shall resign from such appointment. The officer(s) of Subsidiary then in office immediately before the Effective Time will become officers, in the same capacity that they serve Subsidiary, of the Surviving Entity, and will continue as officers of the Surviving Entity in such capacities until such time as their successor has been elected and qualified as provided for in the articles of organization and Operating Agreement of the Surviving Entity.

ARTICLE 4

CONVERSION OF SHARES

In and by virtue of the Merger, the shares of stock of Parent’s common stock outstanding at the Effective Time will be converted as follows:

4.1     Conversion of Subsidiary’s Common Stock. At the Effective Time, each outstanding share of Subsidiary’s common stock, $0.001 par value, (“Subsidiary Common Stock”), excluding any shares of Subsidiary Common Stock not issued and outstanding at the Effective Time, will, by virtue of the Merger and without any further action on the part of Parent, Subsidiary, Surviving Entity, or the shareholders of Subsidiary, shall be converted into and become the right to receive from Parent the sum of $0.11 per share in cash, without interest.

Upon Subsidiary’s shareholders surrender to Broadridge Financial Solutions, who shall act as a payment agent as more specifically described in the Letter attached hereto on Exhibit “B”, on or after the effective date of the Merger, of Subsidiary Common Stock certificates properly endorsed or otherwise in a proper form for transfer, together with delivery of an executed letter of transmittal, Parent will pay to the shareholder $0.11 per share in cash promptly after the Effective Time (subject to reduction and/or increase in accordance with the escrow fund provisions).

Parent has designated Broadridge Financial Solutions, as the will payment agent (the “Payment Agent”). Promptly after the Effective Time, Buyer will take all steps necessary to enable and cause the Surviving Entity to provide the Payment Agent with funds necessary to make the payments provided for by the terms of this Agreement. Promptly after the Effective Time, the Surviving Corporation will cause the Payment Agent to mail a letter of transmittal to each person who is shown as a shareholder of record of Subsidiary Common Stock immediately before the Effective Time. The letter of transmittal will be substantially in the form of Exhibit “B” to this Agreement. Upon delivery and surrender to the Payment Agent of the holder’s executed letter of transmittal and certificate(s) evidencing ownership of Target Common Stock, the holder will be entitled to receive in exchange therefor an amount in cash equal to the product of the number of shares of Target Common Stock represented by such certificate(s) multiplied by $0.11, less applicable withholding taxes (as provided below). All such certificates will be canceled. No interest will be paid, payable, or accrued on the amount of cash payable to any person hereunder. Each Target shareholder shall be deemed to have contributed such shareholder’s pro rata portion of the Escrow Account. The amount of cash payable to any shareholder of Target shall be subject to, and reduced by an amount equal to, the amount of any state, federal, and foreign withholding taxes incurred (and not previously paid by or on behalf of such shareholder).

4.2     The preceding paragraph of this article will not apply to any shares of Subsidiary Common Stock that constitute “dissenting shares” within the meaning of California Corporations Code §1300(b). The holders of such shares will have, in consideration for the cancellation of dissenting shares held by them, the rights given to them under the applicable provisions of the California General Corporation Law, including the right to receive the fair market value of those shares, in the manner and subject to the procedures and conditions provided by law.

4.3     From and after the Effective Time, no transfer of Subsidiary Common Stock outstanding before the Effective Time will be made on the record books of Subsidiary.

ARTICLE 5

TERMINATION

This Agreement may be terminated at any time before the Effective Time (whether before or after approval) by action of the shareholders of Subsidiary or by the mutual consent and action of the boards of directors of Subsidiary and Parent.

ARTICLE 6

MISCELLANIOUS

6.1     Further Instruments and Assurances. The Parties will execute and deliver all such other and further instruments and documents as may be necessary or desirable to carry out the purposes of this Agreement, including but not limited to the filing of the final tax return for Subsidiary and merger documentation with the California Secretary of State.

6.2     Invalidity and Severability. If any provisions of this Agreement are held to be invalid or unenforceable, such invalidity or unenforceability shall not affect the other provisions of this Agreement which are intended to be, and shall be deemed, severable.

6.3     Assignment and Binding Effect. No Party shall assign this Agreement to any extent without the written consent of the other Parties hereto. Subject to the forgoing, this Agreement shall be binding upon and inure to the benefit of the Parties and their respective successors and assigns.

6.4     Amendments and Waiver. This Agreement may be amended and the observance of any term of this Agreement may be waived (either generally or in a particular instance and either retroactively or prospectively) only with the written consent of all of the Parties hereto.

6.5     Governing Law. This Agreement shall be governed by and construed under the internal laws of the State of California, without reference to principles of conflict of laws or choice of laws.

6.6     Counterparts. This Agreement and any amendments hereto may be executed in any number of counterparts, all of which taken together shall constitute a single original instrument. In any action or proceeding any photographic, photo static or other copy of this Agreement may be entered into evidence.

6.7     Entire Agreement. This Agreement, together with all exhibits and schedules hereto, constitutes the entire agreement and understanding of the parties with respect to the subject matter hereof and supersedes any and all prior negotiations, correspondence, agreements, understandings, duties or obligations between the parties with respect to the subject matter hereof.

6.8     Headings. The headings in this Agreement are inserted for convenience only and are in no way intended to describe, interpret, define, or limit the scope, extent or intent of this Agreement or any provision of this Agreement.

6.9     Appendices, Schedules and Exhibits. All references in this Agreement to appendices, exhibits and schedules shall, unless otherwise expressly provided, be deemed to be references to the appendices, exhibits and schedules attached to this Agreement. All such appendices, exhibits and schedules attached to this Agreement are incorporated into this Agreement as though fully set forth in this Agreement.

6.10     Interpretation. This Agreement is the product of negotiation and shall be deemed to be drafted by all of the Parties hereto and shall not be construed in favor of any particular Party, but shall be construed neutrally and by the plain meaning of its language. Each Party executing this Agreement represents and warrants that he or it does so with full knowledge of his or its rights, having a full opportunity to undertake whatever discovery or investigation he or it desired, and after receiving independent legal advice from his or its attorneys with respect to the agreements herein and all rights which are herein settled. Each Party further warrants, represents and agrees that he or it has not relied upon any representation or statement of fact or opinion by any other Party, their agents or attorneys.

6.11     Signer’s Warranty. Each signatory to this Agreement represents and warrants that he or it has the fully authority to make and enter into this Agreement.

IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed and delivered as to the date first above written.

Exhibit “A”

Subsidiaries

Exhibit “B”

Letter of Transmittal to Shareholder

[Included with the notice of Merger.]