−Removed: June 16, 2016, the Company entered into a Standard Multi-Tenant Sublease (“Sublease”) to occupy office space at 662
−Removed: Sepulveda Blvd., Los Angeles, California 90049 with Bristol Capital Advisors, LLC, an entity controlled by a member of the
−Removed: Company’s board of directors.
−Removed: The term of the Sublease is 5 years and 3 months, beginning on July 1, 2016 with monthly payments
−Removed: Upon execution of the sublease, the Company paid a security deposit of $9,137 and $199,238 for prepaid rent.
−Removed: rent allowed the Company to obtain preferential lease terms and induced the landlord to make certain improvements to the property.
−Removed: Bristol Capital Advisors, LLC is not the owner of the subject premises (it is a tenant in the building) and Bristol Capital Advisors,
−Removed: LLC passes its actual and direct cost of the Company’s occupancy through to the Company without any fee, profit or markup.
−Removed: Bristol Capital Advisors, LLC did not profit from the pre-payment of rent.
−Removed: The lease term date is September 2021.
−Removed: moved its offices and records to the offices of Barlock Fund LP in Park City, Utah during the fourth quarter 2020.
−Removed: April 18, 2020 the Company entered into a commercial lease for 3200 square feet office/warehouse space at 16142 Wyandotte Street,
−Removed: Van Nuys, California 91405.
−Removed: The monthly rental payment is $3,900.00.
−Removed: The term of the lease is five (5) years from May
−Removed: Company does not own any real estate.
+Added: December 2020, the Company started renting executive office space located at 2700 Homestead Road, Park City, UT 84098, for approximately
+Added: $3,000 per month.
+Added: The executive office space is rented from Barlock Capital Management, LLC, a related party.
+Added: April 18, 2020 the Company entered into a commercial lease for 3,200 square feet of warehouse space at 16142 Wyandotte Street, Van Nuys,
+Added: California 91405.
+Added: The monthly lease payment is approximately $3,900, with an approximate 2% escalation in rent per year.
+Added: the lease is for five years, expiring on May 1, 2025.
+Added: October 22, 2021, the Company entered into an agreement with ANEC, a related party, where ANEC would:
+Added: (i) allow the Company to moor a
+Added: barge on the ANEC operations site with the Company’s mobile data center that houses cryptocurrency miners and a mobile turbine,
+Added: and, (ii) supply natural gas to power a mobile turbine that produces electricity that, in turn, is used to power the miners.
+Added: the Company for the amount of natural gas used based on the daily spot price of an unaffiliated third party, and a daily fee of
+Added: $1,500 during the initial 90-day term, and $2,000 thereafter, for the use of their operations site to moor the barge.
+Added: The agreement has
+Added: an initial term of 90 days and continues on a month-to-month basis for 3 additional months.
+Added: Either party may terminate the agreement
+Added: at the end of the initial term, or at any time during the additional 3 months term by providing the other party 30-day notice.
+Added: terminate the agreement at any time under certain conditions.
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.