Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k)
August 11 2021 - 3:06PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE
ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE
ACT OF 1934
For the month of August
2021
Commission File Number: 001-38768
MDJM LTD
Suite C-1505, Saidun
Center,
Xikang Road, Heping
District, Tianjin,
People’s Republic
of China
(Address of principal
executive office)
Indicate by check mark whether the registrant
files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F x Form 40-F ¨
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨
Entry into a Material
Definitive Agreement
On August 4, 2021, MDJM
LTD, a Cayman Islands company (the “Company”), through its wholly owned subsidiary, MD Local Global Limited, a company incorporated
and registered in England and Wales (“MD UK”), entered into a Joint Venture Shareholders’ Agreement (the “Agreement”)
with Ocean Tide Wealth Limited, a specialist mortgage broker and a company incorporated and registered in England and Wales (“Ocean
Tide”), and Mingzhe Zhang (together with MD UK and Ocean Tide, the “Parties”). The Agreement specified the terms and
conditions according to which the Parties will exercise their rights in relation to a newly-established joint venture company in England
and Wales, Mansions Estate Agent Ltd (“Mansions Estate”), of which MD UK holds 51% of the equity interests. The business of
Mansions Estate is residential property management and real estate agencies (the “Business”). Pursuant to the Agreement, MD
UK will be responsible for the promotion of the Business in the People’s Republic of China and Mansions Estate’s cooperation
with the landlords in relation to the Business; Ocean Tide will carry out operational procurement of and promotion of the Business in
the United Kingdom (the “UK”) and the recruitment of Mansions Estate in the UK; and Mingzhe Zhang will be responsible for
sourcing clients to Mansions Estate. MD UK agreed to (i) deposit £250,000 in cash to a certain escrow account (the “Escrow
Account”) as soon as reasonably practical after signing the Agreement (the “First Tranche A Capital”) and (ii) pay another
£250,000 to the Escrow Account or Mansions Estate’s bank account within four calendar months from the date on which the First
Tranche A Capital is deposited to the Escrow Account.
The foregoing description
of the Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Agreement, which
is filed as Exhibit 10.1 and is incorporated herein by reference.
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|
MDJM LTD
|
|
|
Date: August 11, 2021
|
By:
|
/s/ Siping Xu
|
|
Name:
|
Siping Xu
|
|
Title:
|
Chief Executive Officer
|
EXHIBIT INDEX
MDJM (NASDAQ:MDJH)
Historical Stock Chart
From Feb 2025 to Mar 2025
MDJM (NASDAQ:MDJH)
Historical Stock Chart
From Mar 2024 to Mar 2025