Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Zoned Properties, Inc. entered into Licensed Cannabis Facility Absolute Net Lease Agreement with The Pharm, LLC (Sunday Goods) valued at 15-year term with four 5-year renewal options; base rent $25,000 per month initial escalating to $37 (effective 2024-01-02).
- Action
- entry
- Agreement
- lease
- Counterparty
- The Pharm, LLC (Sunday Goods)
- Value
- 15-year term with four 5-year renewal options; base rent $25,000 per month initial escalating to $37
- Effective
- 2024-01-02
Exact text from the filing
On January 2, 2024, ZP Holdings entered into a contingent Licensed Cannabis Facility Absolute Net Lease Agreement (the “Sunday Goods Lease”), with a commencement date contingent upon the satisfaction of various contingencies to the Sunday Goods Lease, by and between ZP Holdings, as landlord, and The Pharm, LLC (“Sunday Goods”), as tenant.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Zoned Properties, Inc. entered into Purchase and Sale Agreement and Joint Escrow Instructions with NWC Dysart & Bell LLC valued at Purchase price $1,100,000; seller's work reimbursements up to $600,000; earnest money $97,500 (effective 2023-01-23).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- NWC Dysart & Bell LLC
- Value
- Purchase price $1,100,000; seller's work reimbursements up to $600,000; earnest money $97,500
- Effective
- 2023-01-23
Exact text from the filing
Previously, on January 23, 2023, ZP Holdings entered into a Purchase and Sale Agreement and Joint Escrow Instructions, by and between NWC Dysart & Bell LLC (the “Seller”) and ZP Holdings as the buyer.
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