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NXTZ.OB > SEC Filings for NXTZ.OB > Form 8-K on 10-Nov-2009All Recent SEC Filings

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Form 8-K for NEXTFIT, INC.


10-Nov-2009

Entry into a Material Definitive Agreement


Item 1.01. Entry into Material Definitive Agreement.

On November 6, 2009 NextFit, Inc. (the "Company") entered into an Engagement Letter (the "Agreement") with WOW International Limited ("Advisor"), pursuant to which Advisor agreed to act as the Company's financial advisor in connection with a proposed private placement of the Company's securities in Singapore and Hong Kong (a "Transaction"). During the term of the Agreement, Advisor will be the Company's exclusive agent for financial advisory services for potential Transactions with non-US persons residing in Singapore and Hong Kong. The Company has agreed to pay Advisor, upon consummation of any Transaction, a cash fee of ten percent of the Transaction value. Advisor will pay its own out of pocket fees and expenses. The Agreement may be terminated by either party upon five days written notice, provided that the Company will not terminate the Agreement for a period of at least three months, other than for gross negligence or intentional misconduct.

A copy of the Agreement is included with this report under Item 9.01(d).

Item 9.01


(d) Exhibits.


Exhibit No.    Description
10             Engagement Letter dated November 6, 2009 between the Company and
               WOW International Limited


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