Hubilu Venture Corporation

07/02/2024 | Press release | Distributed by Public on 07/02/2024 04:07

Acquisition/Asset Disposal Form 8 K

Item 1.01 Entry into a Material Definitive Agreement.

(a) On February 26, 2024, Hubilu Venture Corporation ("the Company"), through its subsidiary, Mopane Investments, LLC, a Wyoming Limited Liability Company ("Mopane") entered into a non-binding purchase agreement ("the Eastern" Agreement") with David A., Victor A., Edmund A., and Paul A. Garcia ("Property Sellers") to acquire real property located at 1460 North Eastern Avenue in Los Angeles. The acquisition for $670,000 closed on June 27, 2024.

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