Integrated Biopharma expands leased space via related-party deal, cancels smaller lease

INTEGRATED BIOPHARMA INC

MDC (wholly owned subsidiary) leased additional 40,524 sq ft, increasing total to 116,685 sq ft from Vitamin Realty.
Annual base rent rises from $533,124 to $845,966; termination date remains January 31, 2026.
Concurrent cancellation of AgroLabs lease for 2,700 sq ft effective July 1, 2022, saving $32,239 in annual payments.
Vitamin Realty is 100% owned by the Company's Executive Chairman and Co-CEOs (related-party transaction).
No outstanding amounts owed by AgroLabs at cancellation; all other lease terms unchanged.

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