Company: LIFD
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001096906-25-000819
Chunk: 219

Company: LFTD PARTNERS INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 219
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ilaterally elect to extend the term of the Second 58th Lease for an additional term.

 F-55Table of Contents

 Under the terms of the Second 58th Lease, Lifted leases approximately 8,000 square feet of space and pays a base square foot charge of $6.00 per square foot per annum, with increases in rent each year during the term as set out in the table titled “Rent Schedule” below. Lifted is also responsible for paying its proportionate share of real estate taxes and other operating costs. This lease is accounted for as an operating lease. Rent Schedule Date Base Monthly Rent 01/01/2022 – 12/31/2022 $4,000.00 01/01/2023 – 12/31/2023 $4,120.00 01/01/2024 – 12/31/2024 $4,243.60 01/01/2025 – 12/31/2025 $4,370.91 01/01/2026 – 12/31/2026 $4,502.34  First Amendment to the Second 58th Lease On February 23, 2022, the Second 58th Lease was amended (the “First Amendment to the Second 58th Lease”) to change the lease commencement date from January 1, 2022 to February 1, 2022, and to change the lease termination date from December 31, 2026 to January 31, 2027. The First Amendment to the Second 58th Lease did not change the base monthly rent amounts; it simply pushed them back one month. Second Amendment to the Second 58th Lease On March 25, 2024, the Second 58th Lease was amended for a second time (the “Second Amendment to the Second 58th Lease”).  Effective as of April 1, 2024 (the “Expansion Date”), the Second 58th Lease has been expanded to include an additional 23,000 square feet of space, located at 8910 58th Place, Suite 100, Kenosha, Wisconsin 53144 (the “Expansion Area”), for a total revised Second 58th Lease area of approximately 31,000 square feet. The Expansion Area is being used for office, manufacturing and warehouse space.  Under the Second Amendment to the