LEASE RENEWAL AGREEMENT
Exhibit 10.20
I. PARTIES. This Lease Renewal Agreement (“Agreement”) is made this April 1st ,2022 by and between:
Landlord: Pink Parrotfish, LLC (“Landlord”) with a mailing address of 0000 X 000xx Xx X, Xxxxx, X xxxxxxx 00000.
AND
Tenant: Advanced Container Technologies, Inc. (“Tenant”).
The Landlord and Tenant shall be referred to as the “Parties” and agree to the following:
II. PREMISES. This Agreement refers to the property located at: 000 X. 000xx X. Xxx, Xxxxx, Xxxxxxxx 00000 (“Premises”).
III. LEASE. This Agreement refers to the lease agreement dated: April 1, 20 21 (“Lease”).
IV. EXTENSION PERIOD. For good consideration, the Parties agree to extend the term of the Lease by: (check one)
☐ - Extending 1 ☐ Days ☐ Months ☐ Years with no right of renewal or extension beyond that date unless a new agreement or extension is authorized by the Parties (“Extension”).
☐- Converting the Lease to a Month-to-Month Rental Agreement. Whereas, either Landlord or Tenant may terminate this Agreement, at any time, by providing ____ days’ notice or by the minimum time period provided in the State, whichever is greater (“Extension”).
☐ - Other._____________________________________________________ (“Extension”).
V. START DATE. This Agreement shall be in effect on: (check one)
☐ - When the Lease ends.
☐ - The Date of April 1, 20 22.
VI. OTHER TERMS. In addition to the Extension, the Parties agree: (check one)
☐ - To further amend the Lease as follows: _____________________________________________________.
☐ - To not further amend the Lease.
IN WITNESS WHEREOF, the parties have indicated their acceptance of the terms of this Agreement by their signatures below on the dates indicated.
Landlord’s Signature___________________ Date 4/1/2022
Tenant’s Signature___________________ Date 4/1/2022
