Aditxt, Inc (ADTX) Receives Default Notice from Landlord

On March 6, 2024, Aditxt, Inc (NASDAQ: ADTX) received correspondence from 532 Realty Associates, LLC (the “Landlord”) that the Company is in default under that certain Agreement of Lease dated November 3, 2021 by and between the Landlord and the Company (the “Lease”) for failure to pay Basic Rent and Additional Rent (as each term is defined in the Lease) in the aggregate amount of $40,707 (the “Past Due Rent”).

The Company is working with the Landlord to come to an amicable resolution. However, no assurance can be given that the parties will reach an amicable resolution on a timely basis, on favorable terms, or at all. In addition to the Past Due Rent, the Company remains obligated for the full amount of Basic Rent and Additional Rent and other charges payable due during the remaining term of the Lease (less only any net proceeds received by the Landlord if the premises is relet), which the Company estimates to be approximately $85,000. If the Company is unable to resolve the alleged defaults under the Lease, it could have a material adverse effect on the Company’s liquidity, financial condition and results of operations.

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