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): ~~July~~August 1614, 2009

XERTECH INC.

(Exact name of registrant as specified in its charter)

Nevada	~~000-53123~~	90000-~~0347683~~53123	90-0347683
(State or Other Jurisdiction	(Commission File	(I.R.S. Employer
(State or Other Jurisdiction of Incorporation)		(Commission File Number)	(I.R.S. Employer Identification Number)
of Incorporation)	Number)	Identification Number)

1956 Palma Drive, Suite J, Ventura, CA 93003

(Address of principal executive offices) (zip code)

(805) 477-0202

(Registrant's telephone number, including area code)

Copies to:

Gregory Sichenzia, Esq.

Sichenzia Ross Friedman Ference LLP

61 Broadway

New York, New York 10006

Phone: (212) 930-9700

Fax: (212) 930-9725

(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 (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 85.0103. ~~Other~~Amendments ~~Events~~to Articles of Incorporation or Bylaws; Change in Fiscal Year.

On ~~July~~August 1614, 2009, ~~Sportwall International Inc. (“Sportwall”), a subsidiary of~~ XerTech Inc. (the “Company”)~~, entered~~ ~~into~~changed aits ~~Settlement~~fiscal ~~Agreement~~year from ~~and~~December ~~Mutual~~31 ~~Release~~to ~~(the~~June ~~“Settlement~~30. The ~~Agreement”)~~change ~~with~~in ~~Cobalt~~fiscal ~~Flux~~year ~~Inc.~~will ~~(“Cobalt”).~~be ~~Pursuant~~reflected toin ~~the~~our ~~Settlement~~10-K ~~Agreement,~~for ~~Sportwall~~the ~~and~~year ~~Cobalt~~ended ~~agreed~~June ~~to a final~~30, ~~complete~~2009. The ~~and~~change ~~binding~~in ~~settlement of~~fiscal ~~all~~year ~~disputes~~results ~~between~~from ~~them~~our ~~and~~acquisition ~~release~~ of ~~claims~~Sportwall ofInternational, ~~every~~Inc. ~~nature~~(“Sportwall”) ~~and~~on ~~kind~~June ~~arising~~26, ~~out~~2009 ofin ~~the~~a ~~subject~~transaction ~~matters~~accounted offor ~~the~~as ~~lawsuit~~a ~~filed~~reverse byacquisition. As ~~Sportwall~~a ~~against~~result ~~Cobalt~~of in the ~~Superior~~change ~~Court,~~in ~~State~~fiscal ~~of California~~year, ~~for~~we ~~the~~will ~~County~~be ofadopting ~~Santa Barbara (Case No. 1301757) and~~ the ~~lawsuit~~fiscal ~~filed~~year byof ~~Cobalt against Sportwall in~~ the ~~United~~accounting ~~States District Court~~acquirer, ~~Central Division of Utah, (Case No~~Sportwall. ~~CV00625).~~

Pursuant to the terms of the Settlement Agreement, Sportwall agreed to pay Cobalt $209,000 for product previously delivered and sold. Payments are to be made at a rate of $10,000 each month, starting October 16, 2009 with a final payment of $9,000 on June 16, 2011. The parties also agreed to enter into a Stipulation for Entry of Judgment in the amount of the unpaid balance if installment payments are not made. SIGNATURES

~~The~~Pursuant ~~Company~~to ~~had~~the ~~accrued~~requirements ~~against Cost~~ of ~~Goods~~the ~~Sold~~Securities anand ~~amount~~Exchange itAct ~~believed~~of to1934, bethe ~~reasonable~~registrant tohas ~~cover~~duly caused this ~~contingent~~report ~~liability.~~to ~~The~~be ~~Company~~signed ~~will~~on ~~make the appropriate adjustment, reducing~~ its ~~Cost~~behalf ofby ~~Goods~~the ~~Sold,~~undersigned tohereunto ~~reflect~~duly ~~the settlement~~authorized.

~~SIGNATURES~~XERTECH INC.

~~Pursuant~~Dated: toAugust ~~the requirements of the Securities and Exchange Act of 1934~~14, ~~the~~2009 ~~registrant~~By ~~has~~/s/ ~~duly~~Catherine ~~caused this report to be signed on its behalf by the undersigned hereunto duly authorized.~~ Lamberti

~~XERTECH~~Name: ~~INC.~~Catherine Lamberti

~~Dated~~Title: Chief ~~July~~Executive ~~22, 2009 By /s/ Catherine Lamberti~~Officer

Name: Catherine Lamberti

Title: Chief Executive Officer

Filing Compare · Xertech Inc.