Agreement to Cancel Lease Between Vitamin Realty Associates LLC and Agrolabs, Inc.

Summary

Vitamin Realty Associates LLC (Landlord) and Agrolabs, Inc. (Tenant) have mutually agreed to terminate their lease for warehouse and office space at 225 Long Avenue, Hillside, NJ, effective July 1, 2022. All rights and obligations under the lease are cancelled as of that date, except for any obligations that arose before the termination. This agreement is binding on both parties and their successors.

EX-10.2 3 ex_417623.htm EXHIBIT 10.2.2 TERMINATION OF VITAMIN REALTY LEASE ex_417623.htm

Exhibit 10.2.2

 

Agreement to Cancel Lease

 

This Agreement to cancel lease (the “Agreement”) is made and effective July 1, 2022,

 

BETWEEN:   Vitamin Realty Associates LLC (the “Landlord”), with offices located at 225 Long Avenue, Hillside, NJ 07205

 

AND:         Agrolabs, Inc. (the “Tenant”), with offices located at 225 Long Avenue, Hillside, NJ 07205

 

WHEREAS the Landlord and the Tenant executed a lease dated May 4, 2012 (the “Lease”), as amended, of warehouse and office space located at 225 Long Avenue, Hillside, NJ (the “Premises”) but the parties now wish to cancel the Lease;

 

It is agreed as follows:

 

TERMS

 

Tenant and Landlord do hereby mutually agree to terminate and cancel said Lease effective July 1, 2022, and all rights and obligations under said Lease shall thereupon be cancelled excepting only for any obligations under the Lease accruing prior to the effective termination date.

 

This agreement shall be binding upon the parties, their successors, and representatives.

 

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above

 

Tenant: Agrolabs, Inc     Landlord: Vitamin Realty Associates, LLC
Signature: /s/ Dina L Masi Signature: /s/ Christina Kay
Name: Dina L Masi    Name:  Christina Kay
Title:  Chief Financial Officer    Title: Member
   
Dated:  July 15, 2022 Dated:  July 15, 2022