Item 2. Properties
ITEM
2. PROPERTIES
We
do not own any property.
On
January 1, 2019, the Company changed its corporate headquarters to 880 Third Avenue, 12th Floor, New York, New York 10022.
Pursuant to a lease agreement, dated January
1, 2019, and renewed in 2020 the Company leased the space for a total monthly cost of $13,610. For 2021, the lease agreement was
renewed at an average monthly rent rate of approximately $8,730.
Effective
January 1, 2019, the Company terminated its prior lease agreement, dated May 2, 2017, with Regus Management Group, LLC for space
at 750 Third Avenue, 9 th Floor, New York, NY 10017.
On June 8, 2017, the Company entered into
an Amended and Restated License Agreement (the License) with Actinium for office space located at 275 Madison Avenue, 7th Floor,
New York, New York 10016, our former corporate headquarters. This agreement amends and restates the license agreement entered into
between the parties on March 10, 2016. Pursuant to the terms of the License, Actinium will continue to license the furniture, fixtures,
equipment and tenant improvements located in the premises (the FFE). Actinium will pay to the Company a license fee of $7,529 per
month. Actinium shall have at any time during the term of this Agreement the right to purchase the FFE. The term of the License
is contemporaneous with the Lease Agreement.
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