On July 21, 2023, Natural Alternatives International, Inc. (?NAI?) entered into a Fourth Amendment to Lease amending and extending the term of the lease of its Vista California manufacturing facilities. The Fourth Amendment extends the term of the Lease by an additional ten years and five months commencing April 1, 2024. The amended Lease covering two buildings and approximately 162,000 square feet will result in an increase in base rent to $1.50 per square foot, after five free months of base rent beginning at the commencement of the extended term.

NAI intends to construct substantial improvements to the facilities including but not limited to installation of an approximately $2.3 million solar electrical generating system on both buildings, and other substantial improvements. Pursuant to the Fourth Amendment the Landlord will reimburse NAI for up to $1.1 million of these tenant improvements to the buildings.