Post by c2crusher on Dec 30, 2017 15:21:29 GMT
Entry into a Material Definitive Agreement.
PolarityTE, Inc. (the “Company”) entered into a commercial lease agreement (the “Lease”) with Adcomp LLC, a Utah limited
liability company (the “Landlord”), pursuant to which the Company shall lease approximately 178,528 rentable square feet of office and
lab space in Salt Lake City, Utah from the Landlord. Pursuant to the terms of the Lease, the initial term shall be for five years (the “Lease
Term”) expiring on November 30, 2022, with one, five-year option to renew. The initial base rent shall be $98,190 per month ($0.55 per sq.
ft.) for the first year of the Lease Term and shall escalate at the rate of 3.0% per annum thereafter
ir.polarityte.com/all-sec-filings/content/0001493152-17-015321/0001493152-17-015321.pdf
Crusher
PolarityTE, Inc. (the “Company”) entered into a commercial lease agreement (the “Lease”) with Adcomp LLC, a Utah limited
liability company (the “Landlord”), pursuant to which the Company shall lease approximately 178,528 rentable square feet of office and
lab space in Salt Lake City, Utah from the Landlord. Pursuant to the terms of the Lease, the initial term shall be for five years (the “Lease
Term”) expiring on November 30, 2022, with one, five-year option to renew. The initial base rent shall be $98,190 per month ($0.55 per sq.
ft.) for the first year of the Lease Term and shall escalate at the rate of 3.0% per annum thereafter
ir.polarityte.com/all-sec-filings/content/0001493152-17-015321/0001493152-17-015321.pdf
Crusher