NEXT GROUP HOLDINGS, INC. (OTCMKTS:PLKD) Files An 8-K Other Events

Item 8.01. Entry into a Definitive Material Agreement.

Effective March 30, 2017 Next Group Holdings, Inc, (NXGH or the
Company) entered into a non-binding letter

of intent (LOI) with AZUGROUP USA, LLC (AZUGROUPUSA), to acquire
assets owned or controlled by AZUGROUP USA, LLC and its majority
shareholder, Mr. Antonio Faranda. AZUGROUP USA, LLC and Mr.
Antonio Faranda own or control the following Italian companies:
AZUGROUP SRL Socio Unico, Cardnology S.R.L. and Go Card S.R.L.
(collectively AZUGROUP), which together, generated 13.2 Million
(US$14.2 Million @ 1.07) in revenue during 2016. AZUGROUP has
combined current assets valued at 10.2 Million (US$11 Million @
1.07). The sole minority partner in AZUGROUP will be compensated
US$267,000.00 in exchange for the remaining interest in AZUGROUP.
After the buyout of the remaining minority partner, Antonio
Faranda will be the sole shareholder of AZUGROUP.

Under the terms of the LOI, subject to a definitive agreement and
customary due diligence and shareholder

approval, the Company will acquire the assets of or merge with
AZUGROUP USA which will have client contracts that generated a
minimum of $10,000,000 (Ten Million US Dollars) of revenue in
fiscal year 2016 (with the Company being the surviving entity).

Upon closing of the contemplated transaction, and subject to
satisfactory review and approval, the Company will

appoint Antonio L. Faranda as President and as a director of the
Company. Further, upon closing of the

contemplated transaction, Arik Maimon, the Company’s Chief
Executive and Chairman who holds the

majority ownership of the Company’s Class B stock will enter
into an agreement with Mr. Faranda whereby Messrs, Maimon and
Faranda will have equal voting rights. Mr. Faranda will also have
the right to designate two of the six directors of the Board of
the Company that are acceptable to the Company’s existing Board.
Additionally, shares of NXGH common stock will be issued to Mr.
Faranda and AZUGROUPUSA as a part of the consideration for the
acquisition of AZUGROUP and its assets, client base and
intellectual property. As a part of the proposed transaction, the
Company will be required to capitalize AZUGROUP USA or the entity
owned by the Company that acquires AZUGROUP assets.

The parties have agreed to use their best efforts to complete all
pre-closing due diligence and enter into a definitive agreement.

Item 9.01 Financial Statement and Exhibits

About NEXT GROUP HOLDINGS, INC. (OTCMKTS:PLKD)

Next Group Holdings, Inc., formerly Pleasant Kids, Inc., through its operating subsidiaries, is engaged in the business of using its technology and certain licensed technology to provide mobile banking, mobility and telecommunications solutions to underserved, unbanked and emerging markets. The Company’s subsidiaries include Next Mobile 360 LLC (Next Mobile), Meimoun & Mammon, LLC (M&M), NxtGn, Inc. (NxtGn) and Next CALA, Inc (Next CALA). Next Mobile is a prepaid Mobile Virtual Network Operator (MVNO), which offers mobile voice, text and data services, as well as international calling services. NEXT CALA is a general purpose reloadable Visa Card. NxtGN is a provider of a multipoint high definition (HD) video platform. It researches, develops, builds, sells or licenses, and supports telecommunications software, equipment, solutions and services for PTTs, telcos, network operators, businesses, enterprises and other end users throughout the world.

NEXT GROUP HOLDINGS, INC. (OTCMKTS:PLKD) Recent Trading Information

NEXT GROUP HOLDINGS, INC. (OTCMKTS:PLKD) closed its last trading session at 0.245 with 190,779 shares trading hands.