Avalon Globocare Corp.

02/19/2026 | Press release | Distributed by Public on 02/19/2026 16:00

Material Agreement (Form 8-K)

Item 1.01 Entry into a Material Definitive Agreement.

Amended and Restated Membership Interest Purchase Agreement

As previously reported, on November 17, 2023, Avalon Globocare Corp., a Delaware corporation (the "Company"), entered into a Membership Interest Purchase Agreement (the "MIPA") with Wenzhao Lu (the "Purchaser"), the Chairman of the Company's Board of Directors, pursuant to which (i) the Purchaser acquired from the Company 30% of the total outstanding membership interests of Avalon RT 9 Properties, LLC, a wholly owned subsidiary of the Company ("Avalon RT9") for a cash purchase price of $3,000,000 (the "Acquisition"), and (ii) for a period of twelve months following the closing of the Acquisition, the Purchaser shall have the option to purchase from the Company up to an additional 70% of the outstanding membership interests of Avalon RT9 for a purchase price of up to $7,000,000. Avalon RT9 is the owner of real property located at 4400 Route 9 South, Freehold, New Jersey 07728 (the "Property"), where the Company maintains its principal office space.

To date, the Purchaser has advanced to the Company, in cash, the sum of $3,100,000 (the "Cash Consideration") towards the purchase price under the MIPA.

On February 18, 2026, the Company and the Purchaser entered into an Amended and Restated Membership Interest Purchase Agreement (the "Amended MIPA"), pursuant to which the Company sold to the Purchaser 100% of the membership interests of Avalon RT9 for (i) the Cash Consideration and (ii) the satisfaction, in full, of an approximately $5,900,000 balance due on an existing mortgage financing. This represents a total amended aggregated purchase price of $9,000,000. As a result of the closing of this transaction, the Company has been relieved of all obligations as a guarantor on the mortgage that was associated with the property owned by Avalon RT9.

The foregoing descriptions of the Amended MIPA is qualified in its entirety by reference to the full text of the Amended MIPA which is filed as Exhibit 2.1 hereto.

Amendment to Unsecured Bridge Note

On February 15, 2026, the Company entered into Amendment #2 (the "Note Amendment") to unsecured bridge note dated December 11, 2025 in the original principal amount of $375,000 (the "Note"). The Note Amendment extended the time periods under the Note for the first payment deadline, the second payment deadline and third payment deadline as follows: (i) the first payment deadline under this Note Amendment is extended to March 16, 2026 from February 15, 2026; the second payment deadline under the Note Amendment is extended to April 15, 2026 from March 15, 2026 and (iii) the third payment deadline under the Note Amendment is extended to May 15, 2026 from April 15, 2026.

The foregoing description of the Note Amendment qualified in its entirety by reference to the full text of the Note Amendment, which are filed as Exhibits 4.1 hereto.

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