Item 2. Properties
Item 2. Properties
We do not currently own any properties.
On April 7, 2025, we entered into an Office Lease (“Lease”) with RREF II Calabasas Park Center LLC (“Landlord”), pursuant to which we agreed to lease from Landlord, and Landlord agreed to lease to us, approximately 1,427 square feet of office space located at 23975 Park Sorrento, Calabasas, California 91302 (the “Building”). The Lease is for our new principal executive offices. The term of the Lease commenced on April 14, 2025 and continue for sixty-three (63) months. Rent is payable monthly and began April 2025 for an initial amount of $6,778.25 per month with a 3% annual increase.
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