Item 1.01 Entry into a Material Definitive Agreement.
On November 7, 2020, Chee Corp., a Nevada corporation (the "Company"), entered
into and closed a Membership Interest Purchase Agreement to purchase a One
Hundred Percent (100%) membership interest in Klugman Family Holdings, LLC, an
Arizona limited liability company ("KFH"), from its sole member ("Member"), who
is also Chief Executive Officer and a Director of the Company. The aggregate
purchase price paid by the Company is One Million Five Hundred Thousand and
No/100 Dollars ($1,500,000), with One Million and No/100 Dollars ($1,000,000.00)
to be paid to Member out of the future revenues of the Company as revenues
permit, and the balance of Five Hundred Thousand and No/100 Dollars
($500,000.00) to be paid first out of any future capital raise, and if there is
no further capital raise then out revenues of the Company's as revenues permit.
In addition, the Company issued 10,945,250 shares of the restricted common stock
of the Company. KFH is engaged in the business of acquiring, leasing, and
managing real property, and is now a wholly-owned subsidiary of the Company.
Item 2.01 Completion of Acquisition or Disposition of Assets.
Pursuant to the transaction described in Item 1.01 above, the Company has
acquired interests in commercial real property assets located in the State of
Arizona area.
Item 3.02 Unregistered Sales of Equity Securities.
Pursuant to the transaction described in Item 1.01 above, the Company issued
10,945,250 shares of the restricted common stock of the Company to the Member.
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