Verus International Inc (VRUS)

[kingpindg]

Concerning office space; from the most recent 10-K...


ITEM 2. PROPERTIES


On April 11, 2017, we entered into a sublease pursuant to which we lease offices at 9841 Washingtonian Blvd #390, Gaithersburg, MD 20878. We currently lease our office which consists of 2,798 square feet for $6,995 per month. Each year, our rent will increase by 3% such that: (i) from April 1, 2018 until March 2019, we will pay $7,204.85 per month; (ii) from April 1, 2019 until March 2020, we will pay $7,421 per month; (iii) from April 1, 2020 until March 2021, we will pay $7,643.63 per month; and (iv) from April 1, 2021 until December 31, 2021, we will pay $7,872.93 per month. The term of the lease shall expire on December 31, 2021.


https://www.sec.gov/Archives/edgar/data/1430523/000149315218003916/form10-k.htm


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