U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
(Amendment No. 2)
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): February 16, 2001
JustWebIt.com, Inc.
(Exact name of registrant as specified in its charter)
Nevada
(State or jurisdiction of incorporation or organization)
033-05902
(Commission File Number)
22-2774460
(I.R.S. Employer Identification Number)
460 East 800 North, Orem, Utah 84097
(Address of principal executive offices) (Zip Code)
Registrant's telephone number: (801) 222-0202
(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS.
License Agreement.
On February 16, 2001, the Registrant entered into an Exclusive
Product License and Distribution Agreement ("Agreement") with Pelham
Associates, Inc. (attached as Exhibit 10 to this Form 8-K). The
Agreement grants to the Registrant the exclusive license to software
and documentation known as Domain Name Registration SDK and Branding
Kit ("Product"), thereby transferring to the Registrant all of
Pelham's rights to manufacture, distribute or otherwise utilize the
Product.
The Registrant believes that the license granted under the
Agreement will allow for custom vertical market offerings. The
Registrant further believes that this will provide the most user-
friendly, intuitive places and ways to buy domain names. This
Product will enable the Registrant to mix end-user applications, as
well as to allow for backend suite registration. The Registrant
believes that the Product will also allow backend credit management
and account integration to enable custom offerings like domain search
and purchase applications, vertical applications, such as gift
certificate domain registrations, and other similar related applications.
In addition, the Agreement grants to the Registrant the license
to copy the Product in object code and to copy, sell, distribute,
utilize or otherwise transfer the Product on an exclusive basis. The
Agreement includes the right to use the name Domain Name Registration
SDK and Branding Kit in connection with licensing the Product, as it
currently exists, and allow the Registrant to modify it for third
parties. The Agreement has a term which ends on January 4, 2005. In
consideration for the Agreement, the Registrant will pay to Pelham
5,000,000 shares of restricted common stock of the Registrant.
Change in Management.
Gary Borglund, a member of the Board of Directors of the
Registrant, has replaced Jon Richard Marple as President of the
Registrant. Furthermore, Mr. Marple has resigned from the Board of Directors.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
Financial Statements.
Since the Registrant is not acquiring any asset, but merely
entering into an agreement to license certain software for a period
of time, then pro forma financial statements under Article 11 of
Regulation S-X are not required in connection with this agreement,
which is described above.
Exhibits.
Exhibits included are set forth in the Exhibit Index pursuant to
Item 601 of Regulation S-B.
SIGNATURE
Pursuant to the requirements of Section 13 or 15(d) 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.
JustWebIt.com, Inc.
Dated: November 27, 2001 By: /s/ Gary Borglund
Gary Borglund, President
EXHIBIT INDEX
Number Exhibit Description
10 Exclusive Product License and Distribution Agreement (see below).