2 8k-A out on 12/6: Item 1.01. Entry into a Material Definitive Agreement. Item 3.02 Unregistered Sales of Equity Securities. Item 9.01 Financial Statements and Exhibits.
On October 28, 2010, Nextmart. Inc. (the “Company”) entered into a subscription agreement (the “Subscription Agreement”) with Mr. Xu Baiqun (the “Buyer”) under which the Company agreed to issue to the Buyer 14,979,254 shares of its common stock at a price of $0.01 per share which is a total of $149,792.54 or equivalent amount in Chinese Yuan(RMB) as determined by the Bank of China foreign exchange rate. On November 7, 2010 the Company received the funds from the Buyer. After giving effect to the transaction, the Buyer will own 4.45% of the total issued and outstanding shares of the Company.
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