Item 1.01 Entry into a Material Definitive Agreement
On January 19, 2021, Chee Corp., a Nevada corporation (the "Company"), advanced
the amount of $60,000 to Klusman Family Holdings, LLC ("KFH"). The advance was
evidenced by a Promissory Note (the "Note") payable by KFH to the Company. The
Note matures on June 30, 2021, is unsecured, bears interest at a rate of 10% per
annum, and the unpaid principal and interest may be accelerated upon an event of
default as defined thereunder. The proceeds of the Note are to be used by KFH as
a down payment for the purchase of real property located in Gilbert, Arizona.
Aaron Klusman is the member of KFH. Mr. Klusman is also Chief Executive Officer
and Chairman of the Board of the Company.
The description of the Note is only a summary of the material terms of the Note,
does not purport to be a complete description of the Note, and is qualified in
its entirety by reference to the Note, a copy of which is filed as Exhibit 10.1
and incorporated herein by reference.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On January 26, 2021, the board of directors of the Company authorized a one-time
payment of $125,000 to each of Aaron Klusman and Michael Witherill as
compensation for their services as directors and officers of the Company. The
payments were made on January 7, 2021.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
10.1 Promissory Note payable by Klusman Family Holdings, LLC.
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CHEE CORP. 
