Item 1.02 Termination of a Material Definitive Agreement.
Concurrent with the Amendment, Vitamin Realty and AgroLabs, Inc. ("AgroLabs"), a
wholly owned subsidiary of MDC, entered into an Agreement to Cancel Lease (the
"Cancellation Agreement") to cancel the existing lease between AgroLabs and
Vitamin Realty, dated as of January 5, 2012, as amended on May 19, 2014, with
respect to the lease of 2,700 square feet of warehouse space. The Cancellation
Agreement terminates the lease as of July 1, 2022, versus the original
Termination Date of June 1, 2024. Also effective, as of July 1, 2022, pursuant
to the terms of the Cancellation Agreement, the minimum annual payments of
$32,239 were cancelled. As of the date of the Cancellation Agreement, AgroLabs
did not have any outstanding amounts owed to Vitamin Realty.
(d) Exhibits.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
-1-
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses