# EDGAR Filing Document

**Accession Number:** 0001058307
**File Stem:** 0001437749-25-037261
**Filing Date:** 2025-12
**Character Count:** 23935
**Document Hash:** a3d962c050404e9c10ddf0891435e893
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001437749-25-037261.hdr.sgml**: 20251209

**ACCESSION NUMBER**: 0001437749-25-037261

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20251205

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251209

**DATE AS OF CHANGE**: 20251209

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NextPlat Corp
- **CENTRAL INDEX KEY:** 0001058307
- **STANDARD INDUSTRIAL CLASSIFICATION:** TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 650783722
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40447
- **FILM NUMBER:** 251559455

**BUSINESS ADDRESS:**
- **STREET 1:** 400 ANSIN BLVD
- **STREET 2:** SUITE A
- **CITY:** HALLANDALE BEACH
- **STATE:** FL
- **ZIP:** 33009
- **BUSINESS PHONE:** 1-305-560-5381

**MAIL ADDRESS:**
- **STREET 1:** 400 ANSIN BLVD
- **STREET 2:** SUITE A
- **CITY:** HALLANDALE BEACH
- **STATE:** FL
- **ZIP:** 33009

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ORBSAT CORP
- **DATE OF NAME CHANGE:** 20190819

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Orbital Tracking Corp.
- **DATE OF NAME CHANGE:** 20150128

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Great West Resources, Inc.
- **DATE OF NAME CHANGE:** 20140514

?xml version='1.0' encoding='ASCII'? nxpl20251204_8k.htm

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**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):**December 5, 2025**

**NEXTPLAT CORP**

(Exact Name of Registrant as Specified in its Charter)

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| | | |
|:---|:---|:---|
| **Nevada** | **001-40447** | **65-0783722** |
| (State or Other Jurisdiction<br> of Incorporation or Organization) | (Commission<br> File No.) | (I.R.S. Employer<br> Identification No.) |

---

**400 Ansin Blvd, Suite A**

**Hallandale Beach**,**FL33009**

(Address of principal executive offices and zip code)

**(**305**)**560-5381**

(Registrant's telephone number, including area code)

(Former name or former address, if changed from 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 (*see* General Instruction A.2. below):

☐ Written communications 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-14(c)).

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol (s)** | **Name of each exchange on which registered** |
| Common Stock, par value $0.0001 | NXPL | The Nasdaq Stock Market, Inc. |
| Warrants | NXPLW | The Nasdaq Stock Market, Inc. |

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**Item 1.01 Entry into a Material Definitive Agreement.**

On December 5, 2025, NextPlat Corp (the "Company") and Barreto Group, Inc. ("Barreto Group") entered into a consulting agreement (the "Agreement") pursuant to which Barreto Group is engaged to provide business development and strategic consulting services to the Company and its wholly owned subsidiaries. Barreto Group is owned and controlled by Rodney Barreto, who serves as the Chairman of the Company's Board of Directors. The Agreement provides for an initial term of three years commencing on the effective date of December 1, 2025, with automatic one-year renewal terms thereafter unless either party provides written notice of non-renewal at least sixty days prior to the expiration of the then-current term.

Under the Agreement, Barreto Group is to advise the Company on business development matters, including new contracts for the sale of goods or services and strategic transactions such as mergers, acquisitions, and licensing agreements, with duties and responsibilities as may be reasonably assigned by the Company's Chief Executive Officer or Board of Directors. Barreto Group is required to devote customary business hours to the Company and perform its duties in a competent and professional manner, while being permitted to engage in other non-competing business activities.

As compensation for its services, Barreto Group will receive an annual consulting fee of $52,000. Barreto Group is also authorized to incur reasonable and necessary business expenses in the performance of its duties, which will be reimbursed by the Company upon submission of appropriate documentation, subject to approval by the Board of Directors.

The Agreement may be terminated immediately upon the disability or death of Rodney Barreto, with the Company's obligations limited to payment of consulting fees earned through the date of termination or as otherwise required by law.

The Agreement was approved by a majority of the disinterested members of the Company's Board of Directors, including a majority of the Company's independent directors

A copy of the Agreement is filed with this Current Report on Form 8-K as Exhibit 10.1 and is incorporated herein by reference. The foregoing description of the Agreement is qualified in its entirety by reference to the full text thereof.

 **Item 9.01. Financial Statements and Exhibits.**

(d) Exhibits.

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| | |
|:---|:---|
| Exhibit No. | Description |
| 10.1 | [Consulting Agreement, dated as of December 1, 2025, by and between NextPlat Corp and Barreto Group, Inc.](ex_896737.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

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**<u>SIGNATURE</u>**

Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | |
|:---|:---|:---|
|  | **NEXTPLAT CORP.** | **NEXTPLAT CORP.** |
|  | By: | */s/ David Phipps* |
|  | Name: | David Phipps |
|  | Title: | Chief Executive Officer |
| Dated: December 9, 2025 |  |  |

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## Exhibit 10.1

**Exhibit 10.1**

**<u>CONSULTING AGREEMENT</u>**

THIS CONSULTING AGREEMENT ("<u>Agreement</u>"), dated as of December 1, 2025 (the "<u>Effective Date</u>") is between NextPlat Corp., a Nevada corporation, and its wholly owned subsidiaries (collectively, the "<u>Company</u>"), and BARRETO GROUP, INC., a Florida corporation, ("<u>Consultant</u>").

**R E C I T A L S**:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. Company desires to engage the Consultant to consult the Company for business development purposes and Consultant desires to be engaged by Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. Company and Consultant agree to enter into a Consulting Agreement providing for the initial term set forth in Section 2 below, with one-year renewals thereafter on the terms and conditions herein provided.

NOW, THEREFORE, in consideration of the premises, the parties agree as follows:

**1. Term.** The Agreement shall commence on the Effective Date and continue through the third anniversary thereof (the "<u>Initial Term</u>"). This Agreement is automatically renewable for successive terms of twelve (12) months (each a "<u>Renewal Term</u>"). For purposes of this Agreement, the Initial Term and any Renewal Term are hereinafter collectively referred to as the "<u>Consulting Period.</u>" This Agreement will automatically renew unless either the Company or the Consultant provides the other party with written notice of non-renewal at least sixty (60) days before the end of the expiration of the then current term.

**2. Duties.** Consultant shall consult the company on matters of business development, which may include new contracts for the sale of goods or services of the Company, and strategic transactions with other parties such as mergers, acquisitions, and licensing agreements Consultant shall have such duties and responsibilities as are normally associated with the foregoing position and such additional duties and responsibilities as he may be reasonably assigned from time to time by the Chief Executive Officer and/or Board of Directors. The Consultant agrees to serve the Company faithfully and to the best of his ability and shall devote his time, attention, and energies to the business of the Company during customary business hours. The Consultant agrees to carry out his duties in a competent and professional manner and to at all times promote the best interests of the Company. Nothing contained herein shall be construed as preventing the Consultant from working and/or investing in any other business or entity which is not in competition with the business of the Company. Nothing contained herein shall be construed as preventing the Consultant from (1) engaging in personal business affairs and other personal matters, (2) serving on civic or charitable boards or committees, or (3) serving on the board of directors of companies that do not compete directly or indirectly with the Company, provided however, that none of such activities materially interferes with the performance of his duties under this Agreement.

**3. Compensation.**

Consultant will be paid as an "Advisor" for business development or strategic transactions which come as a result of one or more introductions by Consultant. For purposes of this agreement, "Introduction" means any party introduced to the Company by Consultant during the Consulting Period, and with whom discussions concerning the Company took place. In consideration of the services to be rendered by the Consultant hereunder, the Company agrees to pay the Consultant, and the Consultant agrees to accept, an annual Consulting Fee of Fifty-Two Thousand Dollars ($52,000) per year, without any reduction for federal, state or local tax deductions (the "<u>Consulting Fee</u>"). The Consulting Fee shall be payable in monthly installments, in arrears, each in the amount of $4,333.33.

**4. Business Expenses.**

Consultant is authorized to incur, and the Company shall pay and reimburse Consultant, for all reasonable and necessary business expenses incurred in the performance of his duties hereunder, in accordance with guidelines adopted by the Board of Directors. The Company will pay and reimburse Consultant for all such reasonable expenses upon the presentation by Consultant, from time to time, of an itemized account of such reasonable expenditures and proper documentation thereof as evidence that such expenses have been incurred. The determination of what is fair and reasonable shall be made by the Board of Directors or their delegate.

**5**. **Termination.** In the event of the disability or death of Rodney Barreto, this Agreement shall immediately and automatically terminate. The Company shall have no further obligation or duty to the Consultant. The term "disabled" is defined as any condition of either a physical or psychological nature that, even with reasonable accommodation, renders the Consultant unable to perform the essential functions of the services contemplated hereunder for a period of one hundred eighty (180) days during any twelve (12) month period during the Employment Period. Consultant acknowledges that any period of disability beyond one hundred eighty (180) days would place an undue burden and hardship on the Company. Any such termination under this paragraph shall become effective upon mailing or hand delivery of such notice to the Consultant. The Company shall have no further obligation or duty to the Consultant following termination under this Paragraph, other than to pay Consultant all Consulting Fees earned through the date of termination or as otherwise required by applicable law.

**6. Non-Solicitation.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a) *Solicitation of Consultants*.** During the term of this Agreement and for a period of 12 months after termination of such Agreement at any time and for any reason, Consultant shall not solicit, participate in, or promote the solicitation of any person who was employed by the Company at the time of termination of this Agreement to leave the employ of the Company or, on behalf of itself or any other person or entity, hire, employ, or engage any such person. Consultant further agrees that, during such time, if an employee of the Company contacts Consultant about prospective employment, Consultant will inform such employee that it cannot discuss the matter further without the consent of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***(b) Solicitation of Clients, Customers, Etc*.** During the term of this Agreement and for a period of 12 months after termination of this Agreement (at any time and for any reason), Consultant shall not, directly or indirectly, solicit any person who during any portion of the term of this Agreement or at the time of termination of this Agreement, was a client, customer, policyholder, vendor, consultant, or agent of the Company to discontinue business, in whole or in part, with the Company. Consultant further agrees that, during such time, if such a client, customer, policyholder, vendor, or consultant, or agent contacts Consultant about discontinuing business with the Company or moving that business elsewhere, Consultant will inform such client, customer, policyholder, vendor, consultant, or agent that he or he cannot discuss the matter further without the consent of the Company.

**7. Reserved.**

**8. Indemnification**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)  ***Indemnification of Consultant*** . The Company shall, to the maximum extent permitted by law, indemnify and hold Consultant harmless for any acts or decisions made in good faith while performing services for the Company. To the same extent, the Company will pay, and subject to any legal limitations, advance all expenses, including reasonable attorneys' fees and costs of court-approved settlements, actually and necessarily incurred by Consultant in connection with the defense of any action, suit or proceeding and in connection with any appeal, which has been brought against Consultant by reason of his service as an agent of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)  ***Indemnification of Company*** . Consultant shall indemnify and hold the Company harmless for any acts or decisions made by Consultant which constitute criminal acts or intentional misconduct. Consultant shall pay, and subject to any legal limitations, advance all expenses, including reasonable attorneys' fees and costs of court-approved settlements, actually and necessarily incurred by the Company in connection with the defense of any action, suit or proceeding and in connection with any appeal, which has been brought against the Company by reason of the criminal acts or intentional misconduct of Consultant.

**9. Confidentiality.**

&nbsp;&nbsp;&nbsp;&nbsp;**(a)** <u>Proprietary Information</u>**.** Consultant understands and acknowledges that, during the term of this Agreement, Consultant shall create and has created, as well as shall be granted and has been granted access to, certain valuable information relating to the business of the Company that provides the Company with a competitive advantage (or that which could be used to the disadvantage of the Company by a competitor), which is not generally known by, nor easily learned or determined by, persons outside the Company (collectively referred to herein as "<u>Proprietary Information</u>") including, but not limited to: Intellectual Property, developments, the Company's products, applications, methods, trade secrets and other intellectual property, the research, development, procedures, manuals, confidential reports, technical information, financial information, business plans, prospects of opportunities, purchasing, operating and other cost data, Consultant information (including, but not limited to, personnel, payroll, compensation and benefit data and plans), including all such information recorded in manuals, memoranda, projections, reports, minutes, plans, drawings, sketches, designs, formula books, data, specifications, software programs and records, whether or not legended or otherwise identified by the Company as Proprietary Information, as well as such information that is the subject of meetings and discussions and not recorded. Proprietary Information shall not include such information that Consultant can demonstrate is generally available to the public (other than as a result of a disclosure by Consultant).

&nbsp;&nbsp;&nbsp;&nbsp;**(b)** <u>Duty of Confidentiality</u>. Consultant agrees at all times, both during and after the term of this Agreement, (i) to hold all Proprietary Information in a confidential manner for the benefit of the Company, to reasonably safeguard all such Proprietary Information; and (ii) to adhere to any non-disclosure, confidentiality or other similar agreements to which Consultant or the Company is or becomes a party or subject thereto. Consultant also agrees that it shall not, directly or indirectly, disclose any such Proprietary Information to, or use such Proprietary Information for the benefit of, any third person or entity outside the Company, except to persons identified in writing by the Company. Consultant further agrees that, in addition to enforcing this restriction, the Company may have other rights and remedies under the common law or applicable statutory laws relating to the protection of trade secrets.

**10. Non-Disparagement**. The Consultant agrees that at no time during the term of this Agreement or thereafter, shall he make, or cause or assist any other person to make, any statement or other communication to any third party which impugns or attacks, or is otherwise critical of, the reputation, business or character of the Company or any of its respective directors, officers or Consultants. Additionally, the Company agrees that its Board of Director and executives will not disparage the Consultant so long as the Consultant separates from the Company in good standing and abides by all terms of this agreement and signed non-disclosure and non-compete agreements.

**11. Successors; Binding Agreement.** Neither this Agreement nor any right or interest hereunder shall be assignable by the Consultant, nor shall it be subject to attachment, execution, pledge or hypothecation, but this Agreement if Consultant shall die shall inure to the benefit of and be enforceable by the Consultant's personal or legal representative, executors, administrators, successors, heirs, distributees, devisees and legatees. If the Consultant dies during the term of this Agreement before a notice of termination is sent by either party, no amounts shall be paid to Consultant's devisee, legatee, or other designee or, if there is no such designee, to Consultant's estate other than the amounts owed under Section 3. If Consultant dies after a notice of termination has been submitted, by either party, the Agreement shall terminate according to the notice of termination and the relevant sections of this Agreement pertaining to such a termination rather than as a termination under this Section.

**12. Miscellaneous.** No provision of this Agreement may be modified, waived, or discharged unless such waiver, modification or discharge is agreed to in writing and signed by the Consultant, and such officer as may be specifically designated by the Board. No waiver by either party hereto of, or compliance with, any condition or provision of this Agreement to be performed by such other party shall be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time. No agreements or representations, oral or otherwise, express or implied, with respect to the subject matter hereof have been made by either party that is not set forth in this Agreement. Any payments provided for hereunder shall be paid net of any applicable withholding required under federal, state, or local law.

**13. Severance and Validity.** The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement, which shall remain in full force and effect.

**14. Counterparts.** This Agreement may be executed in several counterparts, each of which shall be deemed to be an original but all of which together shall constitute one and the same instrument.

**15. Entire Agreement.** This Agreement contains the entire understanding of the parties with respect to the subject matter hereof, supersedes any prior agreement between the parties, and may not be changed or terminated orally. No change, termination or attempted waiver of any of the provisions hereof shall be binding unless in writing and signed by the party to be bound; provided, however, that the Consultant's compensation and benefits may be changed at any time by the Company without in any way affecting any of the other terms and conditions of this Agreement, which in all other respects shall remain in full force and effect.

**16. Negotiated Agreement.** This Agreement has been negotiated and shall not be construed against the party responsible for drafting all or parts of this Agreement.

**17. Notices.** For the purposes of this Agreement, notices and all other communications provided for in this Agreement shall be in writing and shall be deemed to have been duly given when delivered personally or received by United States registered or certified mail, return receipt requested, postage prepaid, or by nationally recognized overnight delivery service providing for a signed return receipt, addressed to the Consultant at the Consultant's business address set forth in the Company's records and to the Company at the address set forth on the first page of this Agreement, or to such other address as either party may have furnished to the other in writing in accordance herewith, except that notice of change of address shall be effective only upon receipt.

**18. Governing Law and Resolution of Disputes.** All matters concerning the validity and interpretation of and performance under this Agreement shall be governed by the laws of the State of Florida with venue for any such action or proceeding lying in Miami-Dade County, Florida, which shall serve as the exclusive venue therefor to the exclusion of all others.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first written above.

NEXTPLAT CORP, a Nevada

corporation

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| | | | |
|:---|:---|:---|:---|
| By: | /s/ David Phipps | Dated: | December 5, 2025 |
|  | David Phipps |  |  |
|  | Chief Executive Officer |  |  |

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CONSULTANT:

BARRETO GROUP, INC., a Florida

corporation

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| | | | |
|:---|:---|:---|:---|
| By: | /s/ Rodney Barreto | Dated: | December 1, 2025 |
|  | Rodney Barreto |  |  |
|  | President |  |  |

---