OTHER INFORMATION
−Removed: On November 2, 2020, the Company entered
−Removed: into an agreement with its landlord on a new lease for the current facilities for six years and two months.
−Removed: The new lease includes
−Removed: two months of rent abatement totaling $103,230.
−Removed: Under the new lease, the monthly rent on the facility is $51,615 with annual escalations
−Removed: of 3% with the final two months of rent at $61,605.
−Removed: In addition, the Company will pay the landlord a 2% property management fee.
−Removed: The foregoing summary of the terms and conditions of this agreement is qualified in its entirety by reference to the agreement,
−Removed: a copy of which is filed as Exhibit 10.1 to this report.
−Removed: On October 15, 2020, the Company entered into
−Removed: an equipment finance agreement for the purchase of a new CNC foam contouring system from a European supplier.
−Removed: At a total cost of
−Removed: $325,000, the equipment finance agreement calls for 60 payments of $6,266 to the finance company.
+Added: On January 19, 2021, the Company entered
+Added: into an equipment finance agreement for the purchase of a new roll compression system from a domestic supplier.
+Added: At a total cost
+Added: of $413,000, the equipment finance agreement calls for 60 payments of $8,323 to the finance company.
Incorporated by Reference
6 unchanged sentences
Articles of Amendment to the Amended and Restated Articles of Incorporation
−Removed: Lease Agreement between Goodson Land Partners, LLC And One Up Innovations, Inc., dated November 2, 2020
+Added: Lease Agreement between Goodson Land Partners, LLC
+Added: And One Up Innovations, Inc., dated November 2, 2020
Section 302 Certification by the Corporation’s Principal Executive Officer
11 unchanged sentences
LUVU BRANDS, INC.
−Removed: November 12, 2020
+Added: February 12, 2021
President and Chief Executive Officer
(Principal Executive Officer)
−Removed: November 12, 2020
+Added: February 12, 2021
/s/ Ronald P.
2 unchanged sentences
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.