other material
confidence high
sentiment neutral
materiality 0.50
AB International Group enters 5-year lease for Mt. Kisco Theatre to launch ABQQ Cinemas in America
AI Era Corp.
- Lease of 8,375 sq ft theatre in Mt. Kisco, NY; term 5 years with 4-month free rent period.
- Base rent starts at $6,979/month (months 4-24), then rises to $14,067/month in year 5.
- Company plans to use space as 5-screen cinema, its first ABQQ Cinemas in America, as new business line.
- Security deposit of $28,733 and first month's rent of $14,366 paid upon execution.
- Landlord responsible for specified repairs to roof, walls, HVAC, etc. before lease commencement.