Company: LIFD
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001096906-25-000346
Chunk: 1073

Company: LFTD PARTNERS INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 16
Chunk 1073
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850, Kenosha, WI 53144 (the “58th Lease”). Subsequent to Lifted entering into the 58th Lease, the property was sold to Ladi Investments, LLC (“Ladi”); Ladi thereafter was Lifted’s landlord, until the 58th Lease was terminated as of midnight on March 31, 2024 in conjunction with Lifted entering into the Second Amendment to the Second 58th Lease (defined below) on March 25, 2024. The terms and conditions of the Second Amendment to the Second 58th Lease are described below in the section “Second Amendment to the Second 58th Lease” under “Lease of Space Located at 8910 58th Place, Suites 600 and 700, Kenosha, Wisconsin 53144”. Prior to the termination of the 58th Lease, the 58th Lease served as sales offices, finished goods storage and outgoing shipping for Lifted. The term of the 58th Lease commenced on October 1, 2021. The initial term of the 58th Lease was to be three years, unless earlier terminated in accordance with the terms and conditions of the 58th Lease. While extensions were not prohibited, Lifted did not have the right to unilaterally elect to extend the term of the 58th Lease for an additional term. Under the terms of the 58th Lease, Lifted leased approximately 5,000 square feet of space and paid a base square foot charge of $5.75 per square foot per annum, with a 3% increase in rent each year during the term. Lifted was also responsible for paying its proportionate share of real estate taxes and other operating costs. This lease was accounted for as an operating lease. Rent Schedule Date Base Monthly Rent 10/01/2021 – 09/30/2022 $2,395.84 10/01/2022 – 09/30/2023 $2,467.72 10/01/2023 – 09/30/2024 $2,541.75 

F-27Table of Contents

 Lease of Space Located at 8910 58th Place, Suites 600 and 700, Kenosha, Wisconsin 53144 On November 17, 2021, Lifted entered into a lease agreement with TI for office and warehouse space located at 8910