Lease Renewal Agreement between Pink Parrotfish, LLC and Advanced Container Technologies, Inc. for 579 N. 151st E. Ave, Tulsa, OK

Contract Categories: Real Estate Lease Agreements
Summary

This agreement, dated April 1, 2022, is between Pink Parrotfish, LLC (landlord) and Advanced Container Technologies, Inc. (tenant). It extends the existing lease for the property at 579 N. 151st E. Ave, Tulsa, Oklahoma. The extension terms, including the new duration and any additional amendments, are specified within the agreement. Both parties have agreed to the extension and any other stated terms by signing the document on April 1, 2022.

EX-10.20 5 f10k2021ex10-20_advanced.htm PARROTFISH EXTENSION

Exhibit 10.20

 

LEASE RENEWAL AGREEMENT

 

I. PARTIES. This Lease Renewal Agreement (“Agreement”) is made this April 1st ,2022 by and between:

 

Landlord: Pink Parrotfish, LLC (“Landlord”) with a mailing address of 7366 E 119th St S, Bixby, O klahoma 74008.

 

AND

 

Tenant: Advanced Container Technologies, Inc. (“Tenant”).

 

The Landlord and Tenant shall be referred to as the “Parties” and agree to the following:

 

II. PREMISES. This Agreement refers to the property located at: 579 N. 151st E. Ave, Tulsa, Oklahoma 74116 (“Premises”).

 

III. LEASE. This Agreement refers to the lease agreement dated: April 1, 20 21 (“Lease”).

 

IV. EXTENSION PERIOD. For good consideration, the Parties agree to extend the term of the Lease by: (check one)

 

☐ - Extending 1 ☐ Days ☐ Months ☐ Years with no right of renewal or extension beyond that date unless a new agreement or extension is authorized by the Parties (“Extension”).

 

☐- Converting the Lease to a Month-to-Month Rental Agreement. Whereas, either Landlord or Tenant may terminate this Agreement, at any time, by providing ____ days’ notice or by the minimum time period provided in the State, whichever is greater (“Extension”).

 

☐ - Other._____________________________________________________ (“Extension”).

 

V. START DATE. This Agreement shall be in effect on: (check one)

 

☐ - When the Lease ends.

 

☐ - The Date of April 1, 20 22.

 

VI. OTHER TERMS. In addition to the Extension, the Parties agree: (check one)

 

☐ - To further amend the Lease as follows: _____________________________________________________.

 

☐ - To not further amend the Lease.

 

IN WITNESS WHEREOF, the parties have indicated their acceptance of the terms of this Agreement by their signatures below on the dates indicated.

 

Landlord’s Signature___________________ Date 4/1/2022

 

Tenant’s Signature___________________ Date 4/1/2022