OLB GROUP, INC. 10-K

Item 1B. Unresolved Staff Comments Not applicable. Item 2. Property For our corporate headquarters we currently rent shared office space at 200 Park Avenue, Suite 1700, New York, New York which can be 150 square feet or more and for which we currently pay rent of between $500-1,500 per month, inclusive of administrative services. The monthly rent that we pay has historically varied and will continue to vary based upon the time we physically utilize the office space, the size of the size we use and the cost of the office services consumed. eVance, Inc. rents approximately 4,277 square feet of property located at 960 Northpoint Parkway, Alpharetta, Georgia, Suite 400. The term of the Lease is for thirty-nine (39) months commencing September 1, 2020. The monthly base rent is $8,019 for the first twelve (12) months increasing thereafter to $8,768. The total rent for the entire lease term is $315,044 and $8,768 is payable as a security deposit. The first three months of rent was abated. DMINT has two leases (the “Leases”) in Bradford, Pennsylvania relating to a combined 10,000 square feet of property located at the Bradford Regional Airport Authority multi-tenant building in Lafayette Township. The facility is in the process of being converted into a cryptocurrency mining data center powered on the local power grid in tandem with natural gas power. The location will be used for DMINT’s mining operation with capacity for up to 2,000 Antminer S19j PRO machines. The Leases are each for a term of five years, ending on the later of the date of occupancy and November 10, 2026. The monthly base rent for “Cell 3”, comprising 4,000 square feet, is $1,666.67 per month. The monthly base rent for “Cell 4”, comprising 6,000 square feet, is $2,500 per month. The total rent for the entire lease term of the Leases is $250,00 and $8,767.85 is payable as a security deposit.