Item 2. Properties
ITEM 2.
PROPERTIES
We currently maintain our principal executive
offices at 2093 Philadelphia Pike #1968, Claymont, DE 19703. The cost for this space is included in the $10,000 per-month fee paid to
SPAC Partners LLC, an affiliate of our Chief Executive Officer, pursuant to a letter agreement between us and SPAC Partners LLC. We believe
that the fee charged by such party is at least as favorable as we could have obtained from an unaffiliated person. We consider our current
office space, combined with the other office space otherwise available to our executive officers, adequate for our current operations.
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