STOCK TITAN

Flywheel unit appoints non-exclusive Abu Dhabi agent with 15% fee

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Flywheel Advanced Technology, Inc. (FWFW) disclosed that its majority-owned subsidiary, Blue Print Global Limited, entered into an Agency Agreement with XCoffee Robotics Trading Ltd. of Abu Dhabi to act as a non-exclusive agent for Blue Print’s Robotic Arm Coffee Solutions in Abu Dhabi, United Arab Emirates.

The agreement runs for three years, includes no early termination option, and automatically renews for another three years unless either party provides written non-renewal notice at least 30 days before expiration. XCoffee agrees to use best efforts to report market conditions, while Blue Print will supply product information, general sales terms, pricing, and guidance.

The contract includes a non-competition clause restricting XCoffee from selling comparable or substitute products during the term and for one year after termination. Blue Print will pay a 15% commission on delivered and invoiced direct orders once Blue Print receives purchaser payment.

Positive

  • None.

Negative

  • None.
Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
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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): October 1, 2025

 

FLYWHEEL ADVANCED TECHNOLOGY, INC.

(Exact Name of Registrant as Specified in Charter)

 

Nevada   333-167130   27-2473958

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

123 West Nye Lane, Suite 455

Carson City, Nevada

  89706
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code: (852) 66860563

 

N/A
(Former name or former address, if changed since 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:

 

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-4(c))

 

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

 

Title of each class   Trading Symbol(s)   Name of exchange on which registered
N/A   N/A   N/A

 

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. ☐

 

 

 

 

 

 

Item 1.01. Entry into a Material Definitive Agreement.

 

Blue Print Global Limited (“Blue Print”) is, a majority-owned subsidiary of Flywheel Advanced Technology, Inc., a Nevada corporation (the “Company”), On October 1, 2025, Blue Print, entered into an Agency Agreement (the “Agency Agreement”) with XCoffee Robotics Trading Ltd. of Abu Dhabi (“XCoffee”). Pursuant to the Agency Agreement, Blue Print, as a supplier of a Robotic Arm Coffee Solutions (the “Product”), appointed XCoffee as its authorized non-exclusive agent to distribute the Product in Abu Dhabi, United Arab Emirates. The Agency Agreement is valid for three years, does not provide for the early termination option, and will be automatically renewed for another three years unless either party provides a written non-renewal notice at least 30 days before the expiration date.

 

The Agency Agreement provides that XCoffee will use its best efforts to fulfill its obligations to inform Blue Print of market conditions and the market position affecting Blue Print in Abu Dhabi, United Arab Emirates, and Blue Print agrees to support XCoffee in fulfilling its obligations by making available all product information, providing general sales terms and conditions, a valid pricelist, and all necessary information and direction.

 

The Agency Agreement contains a non-competition provision, prohibiting XCoffee to directly or indirectly engage in the sale or trade of any product that is comparable to and/or competitive and/or could serve as a substitute for the Product during the term of the Agency Agreement and for one year after its termination.

 

Blue Print agrees to pay XCoffee a 15% commission based on all delivered and invoiced direct orders, provided that a purchaser fulfilled all its obligations of the sales agreement to Blue Print. A purchaser is deemed to have fulfilled its obligations at the moment Blue Print has received its payment for the products.

 

The foregoing descriptions of the Agency Agreement is not complete and are qualified in their entirety by reference to the full text of the Agency Agreement, a copy of which is attached as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

 

Item 9.01. Financial Statement and Exhibits.

 

(d) Exhibits.

 

Exhibit No.   Description
10.1   Agency Agreement, dated October 1, 2025, by and between Blue Print Global Limited and XCoffee Robotics Trading Ltd.,
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

 

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.

 

  FLYWHEEL ADVANCED TECHNOLOGY, INC.
     
Dated: October 7, 2025 By: /s/ Luk Yeun Leung
  Name: Luk Yuen Leung
  Title:

President and Chief Executive Officer

(Principal Executive Officer and Principal Financial and Accounting Officer)

 

 

 

FAQ

What did FWFW announce in its 8-K?

A majority-owned unit, Blue Print Global Limited, signed an Agency Agreement appointing XCoffee Robotics Trading Ltd. as a non-exclusive agent in Abu Dhabi.

What is the term and renewal of the FWFW agency agreement?

The term is three years with automatic three-year renewal unless either party gives 30 days prior written notice of non-renewal.

Is the agency exclusive for FWFW’s product in Abu Dhabi?

No. XCoffee is appointed as a non-exclusive agent for the Robotic Arm Coffee Solutions in Abu Dhabi.

What commission will XCoffee receive under the FWFW agreement?

Blue Print agrees to pay a 15% commission on delivered and invoiced direct orders once payment from the purchaser is received by Blue Print.

Does the FWFW agreement allow early termination?

No. The agreement does not provide for an early termination option.

What non-compete terms are included in the FWFW agreement?

XCoffee is prohibited from selling comparable or substitute products during the term and for one year after termination.

What support will Blue Print provide XCoffee?

Blue Print will provide product information, general sales terms, a valid pricelist, and necessary information and direction.