Integrated Biopharma subsidiary amends lease with related party; rent increases to $1.1M/yr through 2029

INTEGRATED BIOPHARMA INC

Manhattan Drug subsidiary reduced leased space from 116,175 to 110,095 sq ft at Hillside, NJ facility.
Annual base rent increased from $845,966 to $1,100,950 (3% annual escalator); lease extended to Jan 31, 2029.
Lessor Vitamin Realty is 100% owned by estate of former chairman and by co-CEOs who are also directors (related party).
Tenant also pays proportionate share of operating expenses (70.12% of building).
All other terms of original lease remain in effect.

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