Item 1.01 Entry into a Material Definitive Agreement.

(a) On January 2, 2020, the Company entered, through its subsidiary, Triolosa Investments LLC, a Wyoming Limited Liability Company ("Trilosa") into a non binding purchase agreement ("the Denker Agreement") with Oscar A. Herrera and Maria F. Herrera ("Property Seller") to acquire real property located at 3906 Denker Avenue in Los Angeles. The acquisition for $520,000 closed on February 20, 2020. The terms of the Hubilu membership interest purchase were subject to two loans as follows: (1) A first position note with payment on principal balance of $416,000 issued by the Property Owner, Trilosa, owing to lender, Visio Financial Services, Inc, whose terms of payments due are principle and interest, on unpaid principal at the rate of 6% per annum. Principal and interest payable in monthly installments of $2,494.13 or more starting on April 1, 2020 and continuing until the 1st day of March 2050, at which time the entire principal balance together with interest due thereon, shall become due and payable. The initial fixed interest rate will change to an adjustable interest rate on the 1st day of March 2025, and the adjustable interest rate may change on that day every 12th month thereafter. The date on which the initial fixed interest rate changes to an adjustable interest rate, and each date on which my adjustable interest rate could change. (2) A $140,000 second position note owing by Trilosa to Belladonna, whose terms of payments due were interest only, payable on unpaid principal at the rate of 6.00% per annum. Interest only payable in monthly installments of $700.00 or more on the 15thday of each month beginning on the 15th day of March 2020 and continuing until the 14th day of February 2025, at which time the entire principal balance together with interest due thereon, shall become due and payable.

The foregoing description of the acquisition of the Denker Agreement and the transaction contemplated thereby contained herein is qualified in its entirety by reference to the Denker Agreement, a copy of which is attached hereto as Exhibit 10.1 and incorporated into this Item 1.01 by reference.

(b) On June 5, 2020, the Company entered, through its subsidiary, Lantana Investments, LLC, a Wyoming Limited Liability Company ("Lantana") into a non-binding purchase contract ('the Budlong Agreement") with equal undivided 25% interest between Alton Fuller, Melanie Costly, Rhodell Hubert Costly and the guardianship estate of Ryan Jarvis ("Property Sellers") to acquire real property located at 3408 S. Budlong Ave, Los Angeles CA. The acquisition for $624,000 ("Purchase Price") closed July 24, 2020. The terms of the Hubilu membership interest purchase were subject to two loans as follows. (1) A first position note with payment on principal balance of $470,000 issued by the Property Owner, Lantana, owing to lender, Golden Empire Mortgage, whose terms of payments due are principle and interest, on unpaid principal at the rate of 5% per annum. Principal and interest payable in monthly installments of $1,958.33 or more starting on July 24, 2020 and continuing until the 24th day of August 2021, at which time the entire principal balance together with interest due thereon, shall become due and payable. (2) A $140,000 second position note owing by Lantana to Belladonna, whose terms of payments due were interest only, payable on unpaid principal at the rate of 6.00% per annum. Interest only payable in monthly installments of $700.00 or more on the 15th day of each month beginning on the 15th day of March 2020 and continuing until the 14th day of February 2025, at which time the entire principal balance together with interest due thereon, shall become due and payable.

The foregoing description of the acquisition of the Budlong Agreement and the transaction contemplated thereby contained herein is qualified in its entirety by reference to the Budlong Agreement, a copy of which is attached hereto as Exhibit 10.2 and incorporated into this Item 1.01 by reference.

(c) On September 11, 2020, the Company entered, through its subsidiary, Kapok Investments, LLC, a Wyoming Limited Liability Company ("Kapok") into a non-binding purchase contract ('the Hill Agreement") with Marina Ardon, ("Property Seller") to acquire real property located at 3912 S. Hill Street, Los Angeles CA. The acquisition for $645,000 ("Purchase Price") closed on November 11, 2020. The terms of the Hubilu membership interest purchase were subject to two loans as follows. (1) A first position note with payment on principal balance of $516,000 issued by the Property Owner, Kapok owing to lender, Visio Financial Services, Inc, whose terms of payments due are principle and interest, on unpaid principal at the rate of 6.425% per annum. Principal and interest payable in monthly installments of $3,236.06 or more starting on January 1, 2021 and continuing until the 1st day of December 2050, at which time the entire principal balance together with interest due thereon, shall become due and payable. The initial fixed interest rate will change to an adjustable interest rate on the 1st day of December 2025, and the adjustable interest rate may change on that day every 12th month thereafter. The date on which the initial fixed interest rate changes to an adjustable interest rate, and each date on which my adjustable interest rate could change. (2) A $ 152,000 second position note owing by Kapok to Belladonna, whose terms of payments due were interest only, payable on unpaid principal at the rate of 6.45% per annum. Interest only payable in monthly installments of $813.83 or more on the 15th day of each month beginning on the 2nd day of December 2020 and continuing until the 1st day of December 2026 at which time the entire principal balance together with interest due thereon, shall become due and payable.





3

The foregoing description of the acquisition of the Hill Agreement and the transaction contemplated thereby contained herein is qualified in its entirety by reference to the Hill Agreement, copies of which is attached hereto as Exhibit 10.3 and incorporated into this Item 1.01 by reference.

(d) On September 30, 2020, the Company entered, through its subsidiary, Trilosa Investments, LLC, a Wyoming Limited Liability Company ("Trilosa") into a non-binding purchase contract ('the Brighton Agreement") with Martha De Lira, Perfecto Lomell, and Maria R. Lomell ("Property Sellers") to acquire real property located at 4009 Brighton Ave, Los Angeles CA. The acquisition for $601,000 ("Purchase Price") closed February 1, 2021. The terms of the Hubilu membership interest purchase were subject to two loans as follows. (1) A first position note with payment on principal balance of $540,000 issued by the Property Owner, Trilosa, owing to lender, Center Street Lending VIII SPE, Limited Liability Company, whose terms of payments due are interest only, payable on unpaid principal at the rate of 8.50% per annum. Principal and interest payable in monthly installments of $3,831.38 or more starting on March 1, 2021 and continuing until the 25h day of January 2022, at which time the entire principal balance together with interest due thereon, shall become due and payable. (2) A $125,000 second position note owing by Trilosa to Belladonna, whose terms of payments due were interest only, payable on unpaid principal at the rate of 6.60% per annum. Interest only payable in monthly installments of $687.50 or more on the 18th day of each month beginning on the 18th day of January 2021 and continuing until the 17th day of December 2026 at which time the entire principal balance together with interest due thereon, shall become due and payable.

The foregoing description of the acquisition of the Brighton Agreement and the transaction contemplated thereby contained herein is qualified in its entirety by reference to the Brighton Agreement, copies of which is attached hereto as Exhibit 10.3 and incorporated into this Item 1.01 by reference.





4

Item 2.01 Completion of Acquisition or Disposition of Assets.

(a) On February 22, 2020 we completed our acquisition, through our subsidiary Trilosa Investments, LLC,, the real property located at 3906 Denker Avenue in Los Angeles ("Denker"). The property was vacant at time of purchase. The acquisition was for $535,000 ("Purchase Price"). The terms of the Hubilu membership interest purchase was subject to two loans as follows. (1) A first position note with payment on principal balance of $416,000 issued by the Property Owner, Trilosa, owing to lender, Visio Financial Services, Inc, whose terms of payments due are principle and interest, on unpaid principal at the rate of 6% per annum. Principal and interest payable in monthly installments of $2,494.13 or more starting on April 1, 2020 and continuing until the 1st day of March 2050, at which time the entire principal balance together with interest due thereon, shall become due and payable. The initial fixed interest rate will change to an adjustable interest rate on the 1st day of March 2025, and the adjustable interest rate may change on that day every 12th month thereafter. The date on which the initial fixed interest rate changes to an adjustable interest rate, and each date on which my adjustable interest rate could change. (2) A $140,000 second position note owing by Trilosa to Belladonna, whose terms of payments due were interest only, payable on unpaid principal at the rate of 6.00% per annum. Interest only payable in monthly installments of $700.00 or more on the 15th day of each month beginning on the 15th day of March 2020 and continuing until the 14th day of February 2025, at which time the entire principal balance together with interest due thereon, shall become due and payable.

The foregoing description of the acquisition of the Denker Agreement and the transaction contemplated thereby contained herein is qualified in its entirety by reference to the Denker Agreement, a copy of which is attached hereto as Exhibit 10.4 and incorporated into this Item 1.01 by reference.

(b) On July 24, 2020 we completed our acquisition, through our subsidiary Lantana Investments, LLC,, the real property located at 3408 Budlong Avenue in Los Angeles ("Budlong"). The property was vacant at time of purchase. The acquisition was for $624,000.00 ("Purchase Price"). The terms of the Hubilu membership interest purchase was subject to two loans as follows. (1) A first position note with payment on principal balance of $470,000 issued by the Property Owner, Lantana, owing to lender, Golden Empire Mortgage, whose terms of payments due are principle and interest, on unpaid principal at the rate of 5% per annum. Principal and interest payable in monthly installments of $1,958.33 or more starting on July 24, 2020 and continuing until the 24th day of August 2021, at which time the entire principal balance together with interest due thereon, shall become due and payable. (2) A $140,000 second position note owing by Trilosa to Belladonna whose terms of payments due were interest only, payable on unpaid principal at the rate of 6.00% per annum. Interest only payable in monthly installments of $700.00 or more on the 15th day of each month beginning on the 15th day of March 2020 and continuing until the 14th day of February 2025, at which time the entire principal balance together with interest due thereon, shall become due and payable.

The foregoing description of the acquisition of the Budlong Agreement and the transaction contemplated thereby contained herein is qualified in its entirety by reference to the Budlong Agreement, a copy of which is attached hereto as Exhibit 10.4 and incorporated into this Item 1.01 by reference.





5

(c) On October 30, 2020 the Company closed on the acquisition, through our subsidiary, of Kapok Investments, LLC, ("Kapok") and its real property asset located at 3912 Hill Street, Los Angeles. ("Hill"). The property was vacant at the time of purchase. The acquisition was for $645,000 ("Purchase Price"). The terms of the Hubilu membership interest purchase was subject to two loans as follows. (1) A first position note with payment on principal balance of $516,000 issued by the Property Owner, Kapok owing to lender, Visio Financial Services, Inc, whose terms of payments due are principle and interest, on unpaid principal at the rate of 6.425% per annum. Principal and interest payable in monthly installments of $3,236.06 or more starting on January 1, 2021 and continuing until the 1st day of December 2050, at which time the entire principal balance together with interest due thereon, shall become due and payable. The initial fixed interest rate will change to an adjustable interest rate on the 1st day of December 2025, and the adjustable interest rate may change on that day every 12th month thereafter. The date on which the initial fixed interest rate changes to an adjustable interest rate, and each date on which my adjustable interest rate could change. (2) A $ 152,000 second position note owing by Kapok to Belladonna, whose terms of payments due were interest only, payable on unpaid principal at the rate of 6.45% per annum. Interest only payable in monthly installments of $813.83 or more on the 15th day of each month beginning on the 2nd day of December 2020 and continuing until the 1stday of December 2026 at which time the entire principal balance together with interest due thereon, shall become due and payable.

The foregoing description of the acquisition of the Hill Agreement and the transaction contemplated thereby contained herein is qualified in its entirety by reference to the Hill Agreement, a copy of which is attached hereto as Exhibit 10.4 and incorporated into this Item 1.01 by reference.

(d) On February 1, 2021, the closed on the acquisition, through our subsidiary, Trilosa Investments, LLC, a Wyoming Limited Liability Company ("Trilosa") and its real property asset located at 4009 Brighton Ave, Los Angeles CA. The acquisition for $601,000 ("Purchase Price"). The terms of the Hubilu membership interest purchase were subject to two loans as follows. (1) A first position note with payment on principal balance of $540,000 issued by the Property Owner, Trilosa, owing to lender, Center Street Lending VIII SPE, Limited Liability Company, whose terms of payments due are interest only, payable on unpaid principal at the rate of 8.50% per annum. Principal and interest payable in monthly installments of $3,831.38 or more starting on March 1, 2021 and continuing until the 25h day of January 2022, at which time the entire principal balance together with interest due thereon, shall become due and payable. (2) A $125,000 second position note owing by Trilosa to Belladonna, whose terms of payments due were interest only, payable on unpaid principal at the rate of 6.60% per annum. Interest only payable in monthly installments of $687.50 or more on the 18th day of each month beginning on the 18th day of January 2021 and continuing until the 17th day of December 2026 at which time the entire principal balance together with interest due thereon, shall become due and payable.

The foregoing description of the acquisition of the Brighton Agreement and the transaction contemplated thereby contained herein is qualified in its entirety by reference to the Brighton Agreement, copies of which is attached hereto as Exhibit 10.3 and incorporated into this Item 1.01 by reference.

The Company intends to amend this Form 8-K to include the required Item 9.01 financial statements prepared pursuant to Rule 3-14 of Regulation S-X relating to the acquisition of Kapok, Lantana and Trilosa, which is significant within the meaning of Rule 3-14.





6

© Edgar Online, source Glimpses