Item 2. Properties
ITEM 2. PROPERTIES
The Company leases its virtual office space at 2450
Colorado Ave., Suite 100E, Santa Monica, CA 90404 on a month-to-month lease for $311 per month.
Assignment of lease agreement
On May 17, 2022, Mahaser LLC (“Assignee”)
entered into an assignment and assumption of lease agreement by and between 2819 Coldwater LLC (“Assignor”), Sunset Place
Holdings LLC (“Lessor”) and Yossi Attia (“Guarantor”). Pursuant to the agreement, Lessor agreed to lease to Assignor
certain Standard Industrial/Commercial Multi-Tenant Lease – Gross agreement dated February 7, 2022 (the “Lease”) and
expiring on January 31, 2024, which premises commonly known as 8265 Sunset Boulevard, Suite #107, West Hollywood, CA 90046. The base rent
payment shall equal $4,100 per month and share of common area operating expense shall equal $200 per month. Guarantor has guaranteed payment
of Assignor’s obligations under the Lease and Assignor assigned all of its right, title and interest in the Lease to Assignee and
Assignee assumed Assignor’s obligations under the Lease.
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