Item 2. Properties
Item
2. Properties.
Our
principal executive office is located at 25 Branca Road East Rutherford, NJ 07073. We currently lease 24,213 square feet of space
located in East Rutherford, NJ from Joseph Branca Partnership, Ltd for a current rental of $17,655 per month. The lease term runs
through March 31, 2024 with renewal options through March 31, 2029. In addition, we lease an additional 3,970 square feet of space
at 355 Murray Hill Parkway from CLN Associates, LLC for a current rental of $6,496 per month. We currently lease 20,188 square feet
in a fully contained facility at 184 Allen Boulevard, Farmingdale, NY from 148 Allen Blvd LLC for production and distribution
of T&L Creative Salads and Olive Branch products. This property is owned by Anthony Morello, Jr., CEO of T&L Acquisition
Corp, a 100% owned subsidiary of the company.
This lease term is through November 30, 2031 with the option to extend the lease for two additional ten-year terms with
current rent of $20,200 per month.
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