ADMA BIOLOGICS, INC. 10-K

Item 2. Properties The table below describes our principal facilities as of December 31, 2021: Location Principal Business Activity Approximate Square Feet Owned or expiration date of lease Ramsey, NJ Corporate Headquarters 4,200 September 30, 2022 * Boca Raton, FL Manufacturing and Administration 84,462 Owned Boca Raton, FL Laboratory and Administration 44,495 Owned * - Pursuant to a shared services agreement with Areth, LLC (“Areth”) for office, warehouse space and related services. The agreement provides for automatic one-year renewals unless ADMA gives written notice of termination to Areth 60 days prior to the end of the term. Areth is a company controlled by Dr. Jerrold B. Grossman, our Vice Chairman of the Board of Directors, and Adam S. Grossman, our President and Chief Executive Officer. We also have 10 plasma collection centers under various stages of development in leased facilities across the southeastern United States, which require lease payments through the respective lease terms that expire at various dates through 2033 (see Note 12 to the consolidated financial statements appearing elsewhere in this report). We believe that our leased and owned properties are adequate to meet our current and future needs.