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: August 16, 2007 MEDINA INTERNATIONAL HOLDINGS, INC. -------------------------------- (Exact name of registrant as specified in its charter) Commission File Number 000-27211 COLORADO 000-27211 84-1469319 - - - ---------------- ------------- ------------ (State or other (Commission (IRS Employer jurisdiction of File Number) Identification No. incorporation) pre-merger) 10088 6th Street, Suite G, Rancho Cucamonga, CA 91730 ------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (303) 741-5785 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. [_] Written communications pursuant to Rule 425 under the Securities Act (17 CFR240.14d-2(b)) [_] Soliciting material pursuant to Rule 14a-12 under Exchange Act (17 CFR240.14a-12) [_] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR240.14d-2(b)) [_] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR240.13e-4(c)) Section 1 - Registrant's Business and Operations Item 1.01 Entry into a Material Definitive Agreement Medina International Holdings, Inc. (the "Company") has amended the License Agreements with Mr. Albert Mardkin for the 15' fire/rescue jet, 12" rescue jet and pump. The license agreements provide the design and patent used by the Company in the manufacturing of its various fire/rescue jets. The amended license agreement provides for payment of a royalty that is 2% of gross sales resulting from use of the design and patent, to be determined on a quarterly basis. The amended license agreement provides for a minimum royalty payment of $100 per month. The amended license agreement has a term of 5 years, starting August 1, 2006. The Company intends to offer the design for 15 feet fire rescue boats based on the technology as part of its fire/rescue boat sales efforts. Section 9 - Financial Statements and Exhibits Item 9.01 Financial Statements and Exhibits Exhibit 10.1 License Agreement 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 thereunto duly authorized. Date: August 20, 2007 MEDINA INTERNATIONAL HOLDINGS, INC. By: /s/ Madhava Rao Mankal ---------------------------------------- Madhava Rao Mankal, CFO