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): ~~November~~December 910, 2009

DesignLine Corporation
(Exact name of registrant as specified in its charter)


Delaware	333-148735	27-1263294
(State or other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

2309 Nevada BoulevardCharlotte, North Carolina		28273
2309 Nevada Boulevard Charlotte, North Carolina		28273
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code: 704-494-7800

~~Jasper Ventures Inc.~~ (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:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 51.0201 ~~Departure~~Entry ofinto ~~Directors~~a orMaterial ~~Certain~~Definitive ~~Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers~~Agreement.

~~Effective~~On ~~November~~December 10, 2009, ~~the~~we ~~board~~executed ofa ~~directors~~second ~~of DesignLine Corporation (formerly Jasper Ventures Inc.)~~amendment ~~expanded~~ (the ~~board~~“Second ~~to nine members~~Amendment”), ~~divided~~dated ~~into~~as ~~three~~of ~~classes: Class~~December I2, ~~Class II~~2009, ~~and~~to ~~Class III.~~our ~~Except~~current ~~for~~banking ~~the~~facilities ~~initial Class I and Class II directors, whose terms expire~~ in ~~one and two years, respectively (2010 and 2011),~~ the ~~directors in~~ ~~each~~United ~~class~~States ~~will~~that ~~serve~~extended ~~for~~all amaturity ~~three-year~~dates ~~term, one class being elected each year by our stockholders. Effective November 10, 2009, our board appointed the following seven new directors~~ to ~~fill the newly created vacancies: Mr. Fouad Alaeddin~~January 15, ~~Dr.~~ ~~Linda M. Combs~~2010, ~~Judge~~amended ~~Joseph~~certain M.covenants ~~Cox, General Buster Glosson, General Arnold Punaro, Mr. Bill R. Tillett~~ and ~~Mr. Edward I. Weisiger. Our board also~~waived ~~established~~prior ~~a compensation committee, nominating and governance committee, audit committee and executive committee and adopted a written charter for each of these committees~~defaults. ~~In connection with appointment of new directors and committee~~ ~~assignments, our board appointed General Glosson as the new Chairman of the board effective November 10, 2009.~~ Information about each director’s class memberships is provided in the table below. Additional information about each new director’s principal occupation and business experience during at least the past five years follows the table below.

Name		Class (Term)
Governor James G. Martin		Class I (2010)
Dr. Linda M. Combs		Class I (2010)
Judge Joseph M. Cox		Class I (2010)
General Buster C. Glosson		Class II (2011)
General Arnold Punaro		Class II (2011)
Mr. Bill R. Tillett		Class II (2011)
Mr. Brad Glosson		Class III (2012)
Mr. Fouad Alaeddin		Class III (2012)
Mr. Edward I. Weisiger		Class III (2012)

As previously reported in our Current Report on Form 8-K dated October 22, 2009, we have a $7.0 million revolving credit facility secured by substantially all of our U.S. assets (the “Credit Facility”) and an $800,000 term loan secured by two hybrid transit vehicles (the “Term Loan” and, together with the Credit Facility, the “Facilities”) from our U.S. lender (the “Bank”). Additionally, we have three letters of credit issued by the Bank in the amounts of approximately $4.2 million, $500,000 and $448,000, respectively (the “Letters of Credit’), of which approximately $4.2 million is secured by cash on deposit with the Bank.

~~Linda~~The M.amended ~~Combs~~Credit ~~has~~Facility ~~been~~continues ~~involved~~to inbear ~~public~~a ~~service~~floating interest ~~throughout~~rate ~~her~~based ~~professional~~on ~~life.~~the ~~Since~~30-day ~~December 2007,~~LIBOR ~~Dr. Combs~~rate ~~has~~plus ~~delivered~~ a ~~number~~margin of ~~lectures~~7.0% onper ~~leadership~~annum. ~~and~~The ~~use~~amended ofTerm ~~business~~Loan ~~and~~also ~~financial analytics for various public~~continues ~~and~~to ~~private~~bear ~~companies and has also served as~~ a ~~consultant~~fixed ~~for~~rate ~~the~~of ~~National~~interest ~~Academy~~ of ~~Public Administration~~8.0% ~~Before December 2007,~~per Drannum. ~~Combs~~ ~~had~~All ~~five~~amounts ~~Presidential~~borrowed ~~appointments~~under ~~confirmed by~~ the ~~U.S.~~Facilities ~~Senate~~ and ~~served under three~~reimbursement ~~Presidents:~~obligations ~~Presidents~~in ~~Ronald~~respect ~~Reagan,~~of ~~George~~the ~~H.W.~~Letters ~~Bush~~of ~~and~~Credit ~~George~~remain W.secured ~~Bush.~~and ~~From~~cross-collateralized ~~February 2005~~by togeneral ~~August 2007, she~~security ~~served~~interests ason ~~the~~substantially ~~Controller~~all of ~~the~~our ~~Office~~U.S. ofassets. ~~Management~~The ~~and~~Second ~~Budget~~Amendment ~~under~~contains ~~the~~customary ~~Executive~~representations ~~Office of President George W. Bush.~~and ~~From~~warranties ~~November 2003~~for toamendments ~~February 2005,~~of ~~she~~this ~~served~~type asand ~~the~~modifies ~~Assistance~~or ~~Secretary~~adds ~~for~~certain ~~Budget~~affirmative and ~~Programs~~negative covenants and ~~the Chief~~events ~~Financial~~of ~~Officer~~default, ~~for~~including ~~the~~certain ~~U.S.~~reporting ~~Department~~and ofnotice ~~Transportation. Before November 2003~~requirements, ~~Dr. Combs~~certain ~~also~~mandatory ~~served~~prepayments asupon ~~the~~reduction ~~Chief~~of ~~Financial~~letter ~~Officer~~of ~~for~~credit, ~~the~~certain ~~U.S.~~limitations ~~Department~~on ofcash ~~Treasury~~expenditures and ~~the~~certain ~~U.S.~~new ~~Environmental~~capital ~~Protection~~requirements ~~Agency.~~(including ~~Dr. Combs earned an~~the ~~Associate~~requirement ofto ~~the~~obtain ~~Arts~~either ~~degree~~debt ator ~~Gardner-Webb~~equity ~~University,~~sufficient ~~Bachelor~~to ofrepay/refinance ~~Science~~all ~~and~~banking ~~Master’s~~facilities ~~degrees~~by ~~from~~the ~~Appalachian~~Maturity ~~State University, and a Doctorate in Education from Virginia Polytechnic Institute and State University~~Date).

~~Joseph~~On ~~M. Cox is currently a practicing attorney at Patton Boggs LLP in Dallas~~December 15, ~~Texas~~2009, ~~specializing~~we inreceived ~~litigation and~~an ~~dispute resolution involving complex financial and commercial disputes and product liability and mass torts. Before~~additional ~~joining~~capital ~~Patton~~contribution ~~Boggs~~of ~~in December 2007~~$2, ~~Judge Cox was a partner at another Dallas-based law firm~~000,000 ~~Hughes & Luce, LLP~~ from ~~January 2006~~existing ~~to November 2007~~investors. ~~From~~Under ~~August 2002~~the toterms ~~January 2006,~~of ~~Judge~~the ~~Cox~~Second ~~served~~Amendment, aswe ~~a District Judge in the 160th~~used ~~Judicial~~$1,000,000 ~~District Court~~ of the ~~State~~new ofcapital ~~Texas.~~contribution ~~Judge~~to ~~Cox~~prepay ~~received~~a ~~his~~portion ~~Bachelor’s degree in Finance from the University~~ of ~~Notre Dame and a Juris Doctor degree from~~ the ~~University~~principal ofbalance ~~Texas School~~ of ~~Law~~the Facilities.

2Also on December 15, 2009, our Chief Executive Officer and a director made cash payments directly to the Bank in the aggregate amount of $1.65 million in full satisfaction of their respective obligations under the terms of their guaranties, which payments were applied to reduce the principal balance of the Facilities.

As a result of the foregoing, the total principal amount of indebtedness outstanding under the Facilities is approximately $4.7 million as of December 16, 2009. After giving effect to the above transactions, we have one stockholder guaranty in the amount of $400,000 (which was executed in connection with the first amendment to the Facilities in October 2009) remaining to provide credit support through the date the Facilities are repaid in full. In addition, assuming our Credit Facility is not repaid or refinanced before any portion of the $4.2 million is released then 100% of such released funds will be applied to reduce our obligations under the Credit Facility. Satisfaction of the conditions for release of the $4.2 million Letter of Credit will also result in the subsequent release of the $448,000 Letter of Credit.

~~Buster C. Glosson has previously served as a director of DesignLine International Holdings, LLC (predecessor of~~2 ~~DesignLine Corporation) from August 2006 until July 22, 2009, when we converted from a limited liability company to a~~ corporation. Since 1994, General Glosson serves as the Chief Executive Officer and Chairman of Eagle, Limited, a private investment company. From 2007 to 2008, he served as the Chief Executive Officer of Uncle Julio’s, a $90 million revenue Mexican food chain. He is also a member of the board of directors of Uncle Julio’s and the Alcoholic Beverage Medical Research Foundation (ABMRF). General Glosson received his Bachelor’s degree in Electrical Engineering from the North Carolina State University and is a graduate of the National War College in Washington, D.C. General Glosson is a retired U.S. Air Force Lieutenant General.

~~Bill~~We R.intend ~~Tillett~~to ~~has~~repay ~~worked in~~ the ~~accounting~~Facilities ~~and~~in ~~financial~~full ~~profession~~by ~~during~~means ~~the past three decades. Since retiring from Coopers & Lybrand as a Managing Partner and a member~~ of ~~its National Board, Mr. Tillett has been~~ a ~~Transaction~~replacement ~~Partner~~facility and/or anwith ~~Executive~~additional ~~Committee~~capital ~~member~~we ofraise ~~Maplewood~~in ~~Partners~~the future, ~~through~~although ~~which~~we hecan ~~serves~~offer onno ~~the~~assurances ~~portfolio~~in ~~board~~that ~~of a $100 million revenue automobile parts company and Uncle Julio’s, a $90 million revenue Mexican food chain~~regard. ~~Mr. Tillet~~ isOur ~~also~~failure ~~the~~to ~~Chairman~~comply ofwith ~~National~~our ~~Foundation~~Facilities ~~for~~or ~~Advancement~~to inrepay ~~the~~or ~~Arts,~~refinance ~~the~~them ~~Trustee~~when ofthey ~~United~~become ~~Way~~due ~~of Miami~~could –have ~~Dade~~a ~~and~~material ~~the~~adverse ~~Board~~effect ~~member~~on ofour ~~the Community Partnership for the Homeless~~business, ~~Inc.~~results ~~and~~of ~~the~~operations ~~Baptist Hospital System foundation. Mr. Tillett received his Bachelor’s degree in Business from the North Texas State University~~ and isfinancial ~~a certified public accountant~~condition.

~~Fouad~~Item M2.03 ~~Alaeddin~~Creation ~~is a Managing Partner~~ of ~~PricewaterhouseCoopers in the Middle East. Before joining PricewaterhouseCoopers, Mr. Alaeddin served as~~ a ~~Managing~~Direct ~~Partner~~Financial ~~for~~Obligation ~~Arthur~~or ~~Andersen~~an ~~from~~Obligation ~~1982~~under toan ~~2002~~Off-Balance ~~and~~Sheet ~~then~~Arrangement ~~for Ernst & Young in the Middle East from 2002 until 2009, in which he led a global team specializing in serving the Middle East Sovereign Wealth Funds. Mr. Alaeddin also serves as the Chairman~~ of Galeana Telecommunications Investments, Metrobeam and Kulacom Broadband Investment Company, each of which specializes in telecommunications in the Middle East. Mr. Alaeddin received his undergraduate degree from Ain Shams University in Cairo, Egypt and is a ~~member of the American Institute of Certified Public Accountants and the International Accounting Standards Committee~~Registrant.

~~Edward~~The I.information ~~Weisiger~~provided has previously served as a director of DesignLine International Holdings, LLC (predecessor of DesignLine Corporation) from February 2009 until July 22, 2009, when we converted from a limited liability company to a corporation. After serving in ~~the U.S. military, Mr.~~Item ~~Weisiger joined Carolina Tractor and Equipment Company~~1.01 ~~He served as the President and since 1991 serves as the Chairman~~ of ~~the Board of Directors of Carolina Tractor and Equipment~~this ~~Company.~~Current InReport ~~addition, Mr. Weisiger has served~~ on ~~the~~Form ~~Board~~8-K ofis ~~Directors~~incorporated ofinto ~~Wachovia~~this ~~Bank and was the Chairman of the Board of Trustees of North Carolina State University~~Item 2.03 ~~Mr. Weisiger~~by ~~received his Bachelor’s degree in Mechanical Engineering from the North Carolina State University~~reference.

3SIGNATURES

3Pursuant 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.

~~There~~DesignLine ~~has been no transaction during the past two years, or proposed transaction, to which we were or are to be a~~Corporation ~~party in which each of the new directors had or has a direct or indirect material interest required to be disclosed~~ ~~under Item 404 of SEC Regulation S-K.~~

~~Item~~Dated: ~~5.03~~December 16, ~~Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.~~2009

~~Effective~~By: /s/ ~~November 9,~~Brad 2009, we completed a reincorporation of our company into Delaware from Nevada by merging with and into a newly created, wholly-owned subsidiary (formed in Delaware for the sole purpose of effecting the reincorporation) pursuant to the Certificate of Ownership and Merger filed with the Secretary of State of the State of Delaware and the Articles of Merger filed with the Secretary of State of the State of NevadaC. ~~In connection with the~~ ~~reincorporation merger, our stockholders will receive one share of common stock, par value $0.0001 per share, of~~Glosson ~~DesignLine~~Brad ~~Corporation, for every one share of Jasper Ventures common stock, par value $0~~C.~~001~~ ~~per~~Glosson ~~share, they owned as~~ ofChief ~~November 9,~~Executive ~~2009. The class of securities issued in connection with the reincorporation merger is deemed to be~~Officer ~~registered under Section 12(g) of the Securities Act by operation of Rule 12g-3(a).~~

~~In addition, as previously described in more detail in the definitive Information Statement on Schedule 14C filed~~3 ~~with the SEC on October 20, 2009, we adopted a new Delaware Certificate of Incorporation and Bylaws and changed our~~ name from “Jasper Ventures Inc.” to “DesignLine Corporation” effective November 9, 2009. Immediately prior to the reincorporation, our board amended and restated the Bylaws of Jasper Ventures to be substantially similar to the Bylaws for DesignLine Corporation except for such differences as are required by differences between the Nevada and Delaware corporation codes. Certain significant differences between the Jasper Ventures Articles of Incorporation and Bylaws, as amended, and the Certificate of Incorporation and Bylaws for DesignLine Corporation are disclosed in detail in the Schedule 14C.

Item 8.01 Other Events.

The information set forth under Item 5.03 of this Current Report on Form 8-K is incorporated into this Item by reference.

In connection with our name change, the CUSIP number for our common stock was also changed to “25058F 104” effective November 9, 2009.

As noted above, following the reincorporation merger, our board increased to a total of nine members, established a compensation committee, nominating and governance committee, audit committee and executive committee and adopted a written charter for each of these committees. Our board also adopted various policies and procedures as part of our new corporate governance program, including with respect to (a) a director nomination process and policies for the qualification, identification, evaluation or consideration of director candidates; (b) related person transactions; (c) a code of business conduct and ethics; (d) corporate governance guidelines; and (e) insider trading policies.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

The following is the index of exhibits furnished in accordance with Item 601 of Regulation S-K, filed as part of this Current Report on Form 8-K:

Exhibit No.		Description
3.1		Certificate of Ownership and Merger dated November 9, 2009 and filed with the Secretary of State of the State of Delaware on November 9, 2009.
3.2		Articles of Merger dated November 9, 2009 and filed with the Secretary of State of the State of Nevada on November 9, 2009.
3.3		Certificate of Incorporation of DesignLine Corporation.
3.4		Bylaws of DesignLine Corporation.

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.

	DesignLine Corporation
Dated: November 13, 2009	By:	/s/ Brad C. Glosson
		Brad C. Glosson Chief Executive Officer

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