NOTE 5 – LEASE AGREEMENTS	9 Months Ended
Sep. 30, 2024
Note 5 Lease Agreements
NOTE 5 – LEASE AGREEMENTS	NOTE 5 – LEASE AGREEMENTS The Company entered into a Performance Master Lease Agreement on December 10, 2023, signed by Beau Kelley, a previous officer of the Company. The Agreement is between Mountain Top Realty Inc., a subsidiary of Mountain Top Properties Inc. and 317 E Penn Avenue Inc. The Lessor leases to the Lessee the premises of 5.8 acre lot and 225,561 square foot building located at 317 E Penn Avenue Robesonia, PA 19565. The Lessee and Lessor will share in all Profits from the Premises on a fifty-fifty (50/50) basis. The Lessee will pay the Lessor a minimum lease payment of $5,000 a month out of rents collected for the terms of this lease. The Lessee agrees to oversee most aspects of the property management. The Agreement is for a initial period of three (3) years from the effective date, unless terminated by either party for cause and may be extended by agreement of both parties. The Monthly lease activity was to be recognized on January 1, 2024. A Right to Use Asset of $154,956, Current Lease Liability of $46,602 and Non-Current Lease Liability of $108,354 were recorded as of December 31, 2023 for this Agreement. A Right to Use Asset of $127,943, Current Lease Liability of $49,683 and Non-Current Lease Liability of $70,760 were recorded as of September 30, 2024 for this Agreement.

NOTE 5 – LEASE AGREEMENTS

9 Months Ended

Sep. 30, 2024

NOTE 5 – LEASE AGREEMENTS

The Company entered into a Performance Master Lease Agreement on December 10, 2023, signed by Beau Kelley, a previous officer of the Company. The Agreement is between Mountain Top Realty Inc., a subsidiary of Mountain Top Properties Inc. and 317 E Penn Avenue Inc. The Lessor leases to the Lessee the premises of 5.8 acre lot and 225,561 square foot building located at 317 E Penn Avenue Robesonia, PA 19565. The Lessee and Lessor will share in all Profits from the Premises on a fifty-fifty (50/50) basis. The Lessee will pay the Lessor a minimum lease payment of $5,000 a month out of rents collected for the terms of this lease. The Lessee agrees to oversee most aspects of the property management. The Agreement is for a initial period of three (3) years from the effective date, unless terminated by either party for cause and may be extended by agreement of both parties. The Monthly lease activity was to be recognized on January 1, 2024.

A Right to Use Asset of $154,956, Current Lease Liability of $46,602 and Non-Current Lease Liability of $108,354 were recorded as of December 31, 2023 for this Agreement.

A Right to Use Asset of $127,943, Current Lease Liability of $49,683 and Non-Current Lease Liability of $70,760 were recorded as of September 30, 2024 for this Agreement.