−Removed: On August 1, 2020, we began leasing office space consisting
−Removed: of 1,595 square feet as our main corporate office in Grant, Florida for $1,000 per month.
−Removed: The five-year lease agreement is with a related
−Removed: party, Just Pick, LLC (“Just Pick”).
−Removed: Nirajkumar Patel, our Chief Science and Regulatory Officer and director, is also an officer
−Removed: of Just Pick.
−Removed: We believe our office space is sufficient to meet our current needs.
−Removed: On November 1, 2021 the Company entered into a month-to-month
−Removed: lease agreement with Ranger Enterprises, LLC, located in Seymour, Indiana, to store product inventory at this satellite location.
−Removed: Company made payments on this lease in the amount of $19,959.
−Removed: The lease was terminated in June 2022.
−Removed: On November 11, 2021 the Company entered into a month-
−Removed: to-month lease agreement with FFE Solutions Group, located in Salt Lake City Utah, to store additional product inventory at this satellite
−Removed: The Company made payments on this lease in the amount of $19.108.
−Removed: This lease was terminated in April 2022.
−Removed: On June 10, 2022, we entered into a Lease Agreement
−Removed: (the “2022 Lease”) with Just Pick, LLC (a related party) for approximately 21,332 rentable square feet combined in the office
−Removed: building and warehouse located at 4460 Old Dixie Highway, Grant-Valkaria, Florida 32949 (the “Premises”), together with all
−Removed: improvements thereon.
−Removed: Just Pick, LLC is considered a related party as it is owned controlled by our Chief Science and Regulatory Officer
−Removed: and director, Nirajkumar Patel.
+Added: On August 1, 2020, we began leasing
+Added: office space consisting of 1,595 square feet as our main corporate office in Grant, Florida for $1,000 per month.
+Added: The five-year lease
+Added: agreement is with a related party, Just Pick, LLC (“Just Pick”).
+Added: Nirajkumar Patel, our Chief Science and Regulatory Officer
+Added: and director, is also an officer of Just Pick.
We believe our office space is sufficient to meet our current needs.
−Removed: We must pay the Just Pick lease base
−Removed: rent equal to $17,776.67 per month during the first year of the lease term.
−Removed: Thereafter, the monthly base rent will be increased annually
−Removed: with a monthly base rent of $18,665.50 in the second year, $19,554.33 in the third year, $20,443.17 in the fourth year, $22,220.83 in
−Removed: the fifth year, $23,998.50 in the sixth year, and one twelfth (1/12 th ) of the market annual rent for the seventh through eleventh
−Removed: years, if appliable.
−Removed: In addition to the base rent, we must pay Just Pick one hundred percent (100%) of operating expenses, insurance costs,
−Removed: and taxes for each calendar year during the lease term.
+Added: On June 10, 2022, we entered into a Lease Agreement (the “2022 Lease”)
+Added: with Just Pick, LLC (a related party) for approximately 21,332 rentable square feet combined in the office building and warehouse located
+Added: at 4460 Old Dixie Highway, Grant-Valkaria, Florida 32949 (the “Premises”), together with all improvements thereon.
+Added: LLC is considered a related party as it is owned by our Chief Science and Regulatory Officer and director, Nirajkumar Patel.
+Added: our office space is sufficient to meet our current needs.
+Added: We must pay the Just Pick lease base rent equal to $17,777 per month during
+Added: the first year of the lease term.
+Added: Thereafter, the monthly base rent will be increased annually with a monthly base rent of $18,666 in
+Added: the second year, $19,554 in the third year, $20,443 in the fourth year, $22,221 in the fifth year, $23,999 in the sixth year, and one
+Added: twelfth (1/12 th ) of the market annual rent for the seventh through eleventh years, if appliable.
+Added: In addition to the base rent,
+Added: we must pay Just Pick one hundred percent (100%) of operating expenses, insurance costs, and taxes for each calendar year during the lease
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.