Item 1.01 Entry into a Material Definitive Agreement
On
The Lease commences on the date on which certain improvements to the Office
Space have been made and the Office Space is tendered to the Company for
possession, which the Company and the Landlord presently anticipate to be
delivered on or about
The Company has a right of first refusal with respect to certain additional adjacent office space before the Landlord accepts any offer for such space.
The Landlord has the right to terminate the Lease, or the Company's right to
possess the Office Space without terminating the Lease, upon specified events of
default, including the Company's failure to pay rent in a timely manner and upon
the occurrence of certain events of insolvency with respect to the Company. The
Company may terminate the Lease if the Office Space is not delivered will all
improvements to be made by the Landlord pursuant to the Lease substantially
completed by
The foregoing is a summary description of certain terms of the Lease, is not
complete and is qualified in its entirety by reference to the text of the Lease,
which the Company expects to file as an exhibit to the Company's Quarterly
Report on Form 10-Q for the quarter ending
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance SheetArrangement of a Registrant.
The information set forth in or incorporated by reference into Item 1.01 of this Current Report on Form 8-K is incorporated into this Item 2.03 by reference.
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