Lease Renewal Agreement, dated as of April 1, 2022, by and between Pink Parrotfish, LLC and the Registrant

Contract Categories: Real Estate - Lease Agreements
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