Monaker Group Inc fka MKGI (MKGI): Termination of a Material Definitive Agr...

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Saturday, 08/20/2011 9:08:26 AM

Saturday, August 20, 2011 9:08:26 AM

Termination of a Material Definitive Agreement:

http://www.sec.gov/Archives/edgar/data/1372183/000114420411048829/v232965_8-k.htm

On August 17, 2011, Next 1 Interactive, Inc. (the “Company”), Omniverse, New Media Buys and Jason M. DeMeo entered into an Agreement of Termination and Release (the “Agreement”) terminating the Asset Purchase Agreement entered into by the parties on June 3, 2011. Pursuant to the Agreement Mr. DeMeo returned 3,000,000 shares of the Company’s common stock to the Company and the Company returned all of the purchased assets to the sellers. A copy of the Agreement is attached hereto as Exhibit 99.1 and is incorporated by reference into this Item 1.02.

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