Company: LIFD
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001096906-25-000346
Chunk: 500

Company: LFTD PARTNERS INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 10
Chunk 500
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100), is extended as follows: Suites 600 and 700Date Base MonthlyRent February 1, 2027 – January 31, 2028 $4,637.41 February 1, 2028 – January 31, 2029 $4,776.53 February 1, 2029 – May 31, 2029 $4,919.83  Commencing on the Expansion Date, the base monthly rent for the Expansion Area (Suite 100) is as follows: Suite 100Date Base MonthlyRent April 1, 2024 – May 31, 2024 $0.00 June 1, 2024 – March 31, 2025 $16,770.83 April 1, 2025 – March 31, 2026 $17,273.96 April 1, 2026 – March 31, 2027 $17,792.18 April 1, 2027 – March 31, 2028 $18,325.94 April 1, 2028 – March 31, 2029 $18,875.72 April 1, 2029 – May 31, 2029  $19,441.99  Under the Second Amendment to the Second 58th Lease, Lifted is also responsible for paying its proportionate share of real estate taxes and other operating costs. Pursuant to the Second Amendment to the Second 58th Lease, Lifted is required to remit an additional security deposit of $27,741.51 to Ladi for the Second 58th Lease, bringing the total security deposit paid to Ladi for the Second 58th Lease to $34,141.51. The additional security deposit of $27,741.51 was paid on April 4, 2024.   The effectiveness of the Second Amendment to the Second 58th Lease was contingent upon the successful execution of all three of the following documents:  (i)the Lease Termination Agreement dated March 18, 2024, by and between Ladi and Lifted for Lifted’s leased space located at 8920 58th Place, Suite 850, Kenosha, Wisconsin 53144 (the “8920 Suite 850 Termination Agreement”),    (ii)the Lease Termination Agreement