Company: LIFD
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001096906-25-000346
Chunk: 2777

Company: LFTD PARTNERS INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9C
Chunk 2777
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2 Lease Effective April 1, 2023 (the “Expansion Date”), the 5732 Lease was amended (the "First Amendment to the 5732 Lease”) to expand the square footage of the leased space to include an additional 2,668 square feet of space located at 5732 95th Avenue, Suite 100, Kenosha, Wisconsin 53144 (the “Expansion Area”).   Commencing on the Expansion Date, the base monthly rent for the Expansion Area is: Date Base Monthly Rent April 1, 2023 – January 31, 2024 $1,945.42 February 1, 2024 – January 31, 2025 $2,023.23 February 1, 2025 – January 31, 2026 $2,104.16 February 1, 2026 – January 31, 2027 $2,188.33 February 1, 2027 – January 31, 2028 $2,275.86 February 1, 2028 – February 29, 2028 $2,366.90  Lifted is also responsible for paying its proportionate share of real estate taxes and other operating costs. The 5732 Lease and the First Amendment to the 5732 Lease are accounted for as a single operating lease.  Lease of Space Located at 16178 US Hwy 550, Aztec, New Mexico Pursuant to the terms of the Oculus Merger Agreement, upon the closing of the Merger, Lifted assumed Oculus’ lease of office and operational space at 16178 US Hwy 550, Aztec, New Mexico (the “Aztec Lease”). The Aztec Lease included a shop building of approximately 4,800 square feet and adjacent fenced parking area. The term of the Aztec Lease was one year, commencing on December 1, 2022 and ending on November 30, 2023, continuing month-to-month thereafter until terminated. The base lease payment was $3,850 per month. All monthly payments were due and payable in advance on the first day of each month. Lifted was also required to pay taxes, insurance and certain maintenance costs of the Aztec Lease. The Aztec Lease was accounted for as an operating lease. The Aztec Lease was terminated on May 7, 2024. Lease