Item 1.01 Entry into a Material Definitive Agreement.
On
Under the terms of the Lease Amendment, the Company has agreed to the phased
delivery of the Premises to the Company by the Landlord as follows: (i) the
Landlord will deliver approximately 31,991 square feet of the Premises (the
"Phase A Premises") on or before
Per the Lease Amendment, the term of the Lease will now commence on the Phase A Premises Commencement Date. The Lease has a term of eight years, measured from the Phase A Premises Commencement Date.
The Company's obligation for the payment of base rent for the Phase A Premises
begins on the date which is earlier to occur of (i) eight months following the
Phase B Premises Commencement Date or (ii) 11 months following the Phase A
Premises Commencement Date (such earlier date, the "Phase A Rent Commencement
Date"). The Company's obligation for the payment of base rent for the Phase B
Premises begins on the date which is eight months following the Phase B Premises
Commencement Date (the "Phase B Rent Commencement Date"). Base rent will
initially be fixed at
The description of the Lease Amendment contained in this Current Report on Form
8-K does not purport to be complete and is qualified in its entirety by
reference to the Lease Amendment, a copy of which will be filed as an exhibit to
the Company's Quarterly Report on Form 10-Q for the period ending
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