NXRA Nextera Enterprises Inc (CE)

ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

On November 7, 2007, Nextera Enterprises Inc., through its wholly-owned subsidiary Woodridge Labs, Inc., (“Woodridge Labs”) entered into an amendment agreement under its existing amended credit agreement originally dated March 9, 2006 (the “Amendment Agreement”).

Under the terms of the Amendment Agreement, Woodridge Labs obtained a bridge loan credit facility aggregating $2.5 million. The bridge loans will be funded by $1 million each from its existing lender NewStar Financial, Inc. and Mounte LLC, and $500,000 from Jocott Enterprises Inc. Mounte LLC and Jocott Enterprises Inc. were added as affiliate lenders under the amended credit agreement.

Pursuant to the Amendment Agreement, the new bridge loan facility, the existing term loan and the existing revolving credit facility will bear interest at the London Interbank Offered Rate plus 5.0%, or bank base rate plus 4.0%, as selected by Woodridge Labs, Inc.

Outstanding borrowings under the bridge loan facility must be repaid with the Woodridge Labs cash balances in excess of $500,000 through the final maturity of May 31, 2008. The Woodridge Labs existing term loan and revolving credit facility are subordinate to the new bridge loans. Outstanding borrowings under the existing term loan must be repaid in 4 quarterly payments, commencing March 31, 2008, with a final payment due on March 31, 2009, the new maturity date of the existing term loan. The maturity date for the existing revolving credit facility is also now March 31, 2009. The commitment fee on the revolving credit facility is payable quarterly at a rate of 0.5% of the unused amount of the revolving credit facility per annum.

Additionally, the existing financial covenants were waived for periods prior to November 7, 2007 and modified thereafter.

A copy of the Amendment Agreement is filed with this report as Exhibit 10.1 and a copy of the related press release is filed as Exhibit 99.1.