FAVO REALTY, INC : Entry into a Material Definitive Agreement, Completion of Acquisition or Disposition of Assets, Financial Statements and Exhibits (form 8-K)

Item 1.01 Entry into a Material Definitive Agreement.

On January 31, 2020, Favo Realty, Inc., (the "Company"), entered into a stock purchase agreement (the "Agreement") with Basebay, LLC ("Basebay"). Pursuant to the agreements, the Company sold Favo Blockchain Inc., its wholly-owned subsidiary, to Basebay, LLC for $125,000 in cash.

Prior to the date of the Agreement, Basebay was a related party to RLT Atwood International, LTD., a company whose assets were acquired by the Company. Despite this prior relationship, the Agreement was entered into at arm's-length.

Item 2.01 Completion of Acquisition or Disposition of Assets

On January 31, 2020, pursuant to the Agreement, the Company disposed of Favo Blockchain Inc., its wholly-owned subsidiary. With this transaction, the Company no longer operates in the crypto-currency industry. Favo Blockchain Inc. was sold for $125,000 in cash.

Item 9.01 Financial Statements and Exhibits

(a) Financial Statements of Business Acquired. Not applicable .

(b) Pro forma financial information. Not applicable.

(c) Shell Company Transactions. Not applicable.

(d) Exhibits.

10.1    Stock purchase agreement, by and between Favo Realty, Inc. and Basebay,
      LLC, dated January 31, 2020.




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