marijuana stocks

Form 8-K for FUTUREWORLD CORP.

Entry into a Material Definitive Agreement, Financial Statements and Exhibits

Item 1.01 Entry into a Material Definitive Agreement.On January 20, 2015, the Company enters into a Commercial Lease Agreement between FutureLand Properties, LLC, a Colorado corporation (“Landlord”) and GPS La Vita, Inc. (“Tenant”). FutureLand is the owner of the land LOT 19, PHASE 1, MAJORS RANCH, ACCORDING TO Plat Map No. 343, recorded April 30, 1995 in Pocket 7, Folder 3, Plat Map No. 351, recorded August 26, 1995 at Pocket 7, Folder 3, Plat Map No. 355, recorded September 29, 1995 at Pocket 7, Folder 3, Plat Map No. 392, recorded December 31, 1996 at Reception No. 327236, ACCORDING TO THE RECORDS OF THE CLERK AND RECORDER FOR HUERFANO COUNTY, COLORADO, La Vita Colorado 81011 (hereinafter the “Property”). FutureLand will lease out five (5) acres of the 200 Acres to GPS La Vita, Inc. The Commercial Lease Agreement is for five (5) years and FutureLand shall also grant to the Tenant additional (3) 5-year options to renew this Commercial Lease at Tenant’s sole discretion. The Commercial Lease Agreement calls for $50,000 for leased Acres per month ($10,000 per Acre per month) for the term of the lease.

The company will be obligated to buy back any and all improvements on the property within 36 months of operations at cost plus cumulative 10% cost of funds per annum. GPS shall have first right of refusal to participate in future grows on the property.

 

Item 9.01. Financial Statements and Exhibits(d) The following exhibits are filed as a part of this Report.

Exhibit No. Description

10.1 Commercial Lease Agreement dated January 20, 2015


MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
1 comment
Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

GW Pharmaceuticals plc (GWPH) to Report Second Quarter Financial Results and Host Conference Call on 8 May, 2018

GW Pharmaceuticals to Report Second Quarter Financial Results and Host Conference Call…

Canopy Growth Corporation (CGC) REPORTS THIRD QUARTER FISCAL 2022 FINANCIAL RESULTS

CANOPY GROWTH REPORTS THIRD QUARTER FISCAL 2022 FINANCIAL RESULTS Canopy Growth Corporation…

$AVTC Announces New Options for Vending Machine Entrepreneurs

Owning a Vending Machine Now One of the Most Popular New Business…

Integrated Cannabis Solutions, Inc., (IGPK) is expanding into Cannabis in California, the World’s Largest Legal Cannabis Market

Integrated Cannabis Solutions is expanding into Cannabis in California, the World’s Largest…