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 6,072 square feet of space at 355 Murray Hill
Parkway from CLN Associates, LLC for a current rental of $9,032 per month. We currently lease 20,188 square feet in a fully contained
facility at 148 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., President of T&L as well as individuals related to Mr. Morello.
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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