Item 2. Properties
ITEM 2.
PROPERTIES
The Company pays an annual rent of $2,200 for
its headquarters at 680 W Nye Lane, Suite 201, Carson City Nevada 89703. The rental agreement was for a one-year term, that commenced
on October 1, 2022, and was subsequently renewed at each annual maturity date at the same rate.
The Company’s San Diego office lease at
5090 Shoreham Place Suite 206, San Diego, CA 92122 was amended on February 12, 2024 for a larger space. The current monthly base rate
for the office space is $10,375, with an annual increase of four percent. The term for the office lease is 60 months.
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