Company: LIFD
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001096906-25-000346
Chunk: 2063

Company: LFTD PARTNERS INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7
Chunk 2063
---
 the 5732 Lease was as follows: Rent Schedule Date Base Monthly Rent February 1, 2023 – February 28, 2023 $0.00 March 1, 2023 – February 29, 2024 $3,395.73 March 1, 2024 – February 28, 2025 $3,531.56 March 1, 2025 – February 28, 2026 $3,672.82 March 1, 2026 – February 28, 2027 $3,819.73 March 1, 2027 – February 29, 2028 $3,972.52  First Amendment to the 5732 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