Section 1.01 Entering into a Material Definitive Agreement.
(the Lease”). The Company intends to use the Premises to support its general and administrative functions, sales and marketing, and business development.
The term of the Sublease Agreement (the “Sublease Term”) will begin upon the signing of the Consent to Sublease Agreement by the Premises Owner and will expire on
Pursuant to the Sublease Agreement, the Company will lease the Premises at a fixed annual base rent of
The above summary of the Sublease Agreement does not purport to be complete and is submitted and qualified in its entirety by reference to the full text of the Sublease Agreement, a copy of which is filed as Exhibit 10.1 of this current report on Form 8-K and is incorporated herein by reference.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under a
Off-Balance Sheet Arrangement of a Registrant
The information set forth in Section 1.01 of this Current Report on Form 8-K is incorporated by reference into this Section 2.03.
Item 9.01 Financial statements and supporting documents.
(d) Exhibits. 10.1+† Sublease Agreement, executed as of
April 28, 2022, by and between SQL Technologies Corp.and Sicart Associates LLC. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). + Certain of the exhibits and schedules to this exhibit have been omitted in accordance with Regulation S-K Item 601(a)(5). The Company agrees to furnish a copy of all omitted exhibits and schedules to the Securities and Exchange Commission(the "SEC") upon its request. † Portions of this exhibit (indicated by bracketed asterisks) are omitted in accordance with the rules of the SECbecause they are both not material and the Company customarily and actually treats such information as private or confidential.
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