Demand Brands Inc. (DMAN)

[Gold prospector]

Note 7: SPECIAL NOTES TO FINANCIAL STATEMENT
i Seller’s 50% interest referenced in the Collaboration Agreement dated June 15, 2019 with Universal Real Estate Development LLC. The Collaboration Agreement originally involved 3 properties in or near Atwater, CA but the gas station has been sold off and is not part of this Agreement. As is value of the properties being approximately $6.5 million per the American Realty BPO. There is currently a loan of approximately $2.4 million on the property. With a licensed dispensary the property has a stated as-built value by Lucky Chief of $16 million.
ii Lucky Chief Genetic THC Library. Controlled and managed by Company Includes over 100 rare THC genetic cultivars/strains and cross strains collected and bred out over the last 10 years with a stated value by Lucky Chief of $10 million.
iii 33.3% ownership in Chief Research and Logistics, LLC which is the tenant on a lease for a Type 7 Heavy Volatility Lab in Oakland with a License # CDPH10003060. This 33.3% ownership has a stated value by Lucky Chief of estimated $5 million. The address of the Lab is 8378 Baldwin St. Oakland, CA 94621- Units F and G (two separate suites with 1,824 SF each).
iv The Company entered into an agre