ABQQ AB International Group Corporation (PK)

Item 1.01 Entry into a Material Definitive Agreement.

On October 21, 2021, AB International Group Corp. (the “Company”) entered into a Lease Agreement (the “Lease”) with Martabano Realty Corp. (the “Landlord”), pursuant to which the Company agreed to lease approximately 8,375 square feet of in what is known as the Mt. Kisco Theatre at 144 Main Street, Mount Kisco, New York. The term of the Lease is five years. Commencing in month four, the Company's monthly base rent obligation will be approximately $6,979, which amount will increase in year three to $13,260, year four at $13,658 and the final year at $14,067 in accordance with the terms of the Lease. The Lease contains customary provisions for real property leases of this type, including provisions allowing the Landlord to terminate the Lease upon a default by the Company.

The space is formerly used for theatre total 5 screens 466 sets for screening films. The formerly theatre  opened on December 21, 1962 with Hayley Mills in “In Search of the Castaways”. It was a replacement for the town’s other movie theatre that burned down. Later twinned and further divided into 5 screens. Operated for years by Lesser Theaters, then bought by Clearview Cinemas. In June, 2013 it was taken over by Bow-Tie Cinemas when took most Clearview locations. Lasted until March, 2020 when it was closed by the Covid-19 pandemic. It was announced in September 2020 that the closure would be permanent. The Company intends to continue use the space as a theatre total 5 screens 466 sets for screening films, it’s first theatre of ABQQ Cinemas in America as the new business line of the Company.

The foregoing description of the Lease does not purport to be complete and is qualified in its entirety by reference to the full text of the form of the document, which is attached as Exhibit 10.1 to this Current Report on Form 8-K, and is hereby incorporated herein by reference.