Item 1.01 Entry into a Material Definitive Agreement & Amendments

On July 22, 2022, RAC Real Estate Acquisition Corp., a wholly owned subsidiary of iMine Corp., ("RAC") received a Promissory Note dated July 22, 2022 in the principal amount of $672,960 (the "Note") from, and entered into a Loan Agreement dated July 18, 2022 (the "Agreement") with, Fix Pads Holdings, LLC a South Carolina limited liability company ("Fix Pads").

The Note has a 12% interest rate per annum payable as follows: (1) a pre-payment on July 22, 2022 of pro-rated interest for the period from July 22, 2022 through July 30, 2022 in the amount of $2,212.47; (2) a pre-payment of interest on August 1, 2022 for the period from August 1, 2022 through September 30, 2022 in the amount of $13,496.07; and then (3) monthly payments of interest only beginning on October 1, 2022 and continuing on the 1st day of each month thereafter until all principal and accrued interest are paid in full by July 1, 2023. The Note is secured by mortgages or deeds of trust on property at the following addresses:

409 West Sycamore Street, Chase City, Virginia 23924;

4324 Rio Road, Vicksburg, Mississippi 39180;

314 Lakehill Drive, Vicksburg, Mississippi 39180;

728 Cedar St., Greenville, Mississippi 38701;

16441 Northeast 58th, Silver Springs, Florida 34488;

1320 North 5th Avenue, Laurel, Mississippi 39440; and

4 Aqua Drive, Cherokee Village, Arkansas 72529.

Consideration for the note was paid in part by RAC in the amount of $328,625.72 and in part by an investor, Frank Campanaro, ("Third Party") in the amount of $328,625.73 (together both amounts equal $657,251.45 which represent the total Note amount of $672,960 minus the two prepayments described above).

On July 26, 2022, RAC entered into a Partial Assignment of the Promissory Note dated July 25, 2022 ("Assignment") with Third Party whereby RAC assigned to Third Party the right to payment of principal in the amount of $336,480 and the right to half of the amount of any interest payments made on the principal amount of the Note.

Item 2.01 Completion of Acquisition or disposition of Assets

The disclosure in Item 1.01 of this Form 8-K is incorporated into this Item 2.01 by reference. The Note and Agreement were completed as of the date of the Note on July 22, 2022. The net result of the Note, Agreement and Assignment disposed of $328,625.73 in cash and acquired $334,480 in the form of the secured Note.

Item 9.01 Financial Statements and Exhibits





(d) The exhibits listed in the following Exhibit Index are filed as part of this
report:



Exhibit No.   Description
   99.1         Loan Agreement dated July 18, 2022
   99.2         Promissory Note effective July 22, 2022
   99.3         Partial Assignment of Promissory Note effective July 26, 2022





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