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