Item 1.01 Entry into a Material Definitive Agreement.
Effective
IEH is a tenant under the lease and the landlord under the lease is the
Under the terms of the lease, annual rental payments are as follow:
Year Period Annual 1December 1, 2020 -November 30, 2021 $244,800.00 2December 1, 2021 -November 30, 2022 $252,144.00 3December 1, 2022 -November 30, 2023 $259,708.32 4December 1, 2023 -November 30, 2024 $267,499.57 5December 1, 2024 -November 30, 2025 $275,524.56 6December 1, 2025 -November 30, 2026 $303,077.01 7December 1, 2026 -November 30, 2027 $312,169.32 8December 1, 2027 -November 30, 2028 $321,534.40 9December 1, 2028 -November 30, 2029 $331,180.43 10December 1, 2029 -November 30, 2030 $341,115.85
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