Base Rent Waiver Agreement between Eightco Holdings Inc. and TXC Services LLC (June 19, 2024)
Eightco Holdings Inc. and TXC Services LLC, the parent of Foxx Trot Tango, LLC, have agreed that if Eightco pays $120,000 to the landlord by December 31, 2025, the landlord will waive the remaining $930,000 of base rent owed under their existing commercial lease. This agreement is effective as of June 19, 2024, and is governed by Delaware law. Both parties confirm they have the authority to enter into this agreement.
Exhibit 10.3
AGREEMENT
Reference is made to that certain Commercial Lease Agreement, dated October 19, 2022 (the “Lease Agreement”), by and among Eightco Holdings Inc. (formerly Cryptyde, Inc.) (the “Company”), and TXC Services LLC, the parent of Foxx Trot Tango, LLC (the “Landlord”). Capitalized terms used herein and not otherwise defined shall have the meanings ascribed to them in the Lease Agreement.
The Company currently owes the Landlord an aggregate of $1,050,000 of Base Rent. The Landlord hereby agrees that if the Company pays to the Landlord $120,000 by December 31, 2025, the Landlord will irrevocably waive, effective as of June 19, 2024, any right to the remaining $930,000 of owed Base Rent.
Each of the parties represents and warrants to the other that it has full power and authority to enter into this Agreement and to perform its obligations hereunder.
This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware applicable to contracts made and performed in such State, without reference to such State’s principles of conflict of laws.
IN WITNESS WHEREOF, the undersigned have caused this Agreement to be executed as of June 19, 2024.
EIGHTCO HOLDINGS INC. | ||
By: | /s/ Paul Vassilakos | |
Name: | Paul Vassilakos | |
Title: | CEO |
TXC SERVICES LLC, as Parent of FOX TROTT TANGO, LLC | ||
By: | /s/ Chris Ferguson | |
Name: | Chris Ferguson | |
Title: | Manager |