HF Foods Group Inc.
05/06/2024 | Press release | Distributed by Public on 05/06/2024 15:09
Material Agreement - Form 8-K
Item 1.01 Entry into a Material Definitive Agreement.
On April 30, 2024, 273 Fifth Avenue, L.L.C. ("Assignee"), a Delaware limited liability company and wholly owned subsidiary of the Company assumed the lease of the premises at 275 Fifth Avenue, New York, New York, dated as of July 2, 2018 (the "Lease"), as amended by that certain Amendment to Lease, dated as of January 21, 2021, (the "Amendment to Lease"), between 825 Broadway Realty, LLC, Samayabeneli RE LLC, AS 2 East 30, LLC, 273 Yoco LLC, and UBA 2 East 30, LLC (collectively, the "Landlord"), and Anheart Inc., a New York corporation and a former subsidiary of the Company (the "Assignor"), pursuant to an Assignment and Assumption of Lease Agreement (the "Assignment"), dated as of August 16, 2022 and effective between Assignor and Assignee as of April 30, 2024 (the "Effective Date"), when Landlord consent was obtained. Pursuant to the Assignment, the Assignor assigned to the Assignee all of its right, title and interest in the Lease.
The Lease covers a certain portion of the ground floor, lower level, and second floor of the building located at 275 Fifth Avenue, New York, New York, as more particularly described and illustrated in Exhibit A in the Lease. The Lease term ends on April 30, 2034, and is renewable at the option of the lessee for up to two additional 5-year terms. The Company shall pay the rent amounts due under the Lease as set forth in Exhibit E to the Lease.
The Lease, the Amendment to Lease, and the Assignment are attached hereto as Exhibit 10.1, 10.2 and 10.3, respectively and are incorporated herein by reference. The description of the Lease, the Amendment to Lease, and the Assignment herein do not purport to be complete and are qualified in their entirety by reference to Exhibits 10.1, 10.2 and 10.3.