What changed in this filing

/stocks — the workspaceLOADING

Item 2. Properties

2021-03-25 compared with 2020-03-13 · 30 added, 28 removed, 1 unchanged (98% of the section changed)

Our headquarters are located in approximately

4,200 square feet of space at 465 State Route 17, Ramsey, NJ.

We currently operate under a shared services agreement

with Areth, LLC (“Areth”) for the office, warehouse space and certain related services.

This agreement expires on September

30, 2020 and provides for automatic one-year renewals unless ADMA gives written notice of termination to Areth 60 days prior to

the end of the term.

The table below describes our principal facilities as of December 31, 2020:

Principal Business Activity

Owned or expiration

date of lease

Corporate Headquarters

September 30, 2021 *

Boca Raton, FL

Manufacturing and Administration

Boca Raton, FL

Laboratory and Administration

Plasma Collection Center

March 31, 2026

Administration

November 30, 2023

Knoxville, TN

Plasma Collection Center

November 30, 2030

Maryville, TN

Plasma Collection Center

January 31, 2031

Goose Creek, SC

Plasma Collection Center

March 31, 2031

Plasma Collection Center

February 28, 2032

* - 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.

Grossman, our Vice Chairman, and Adam S.

Grossman, our President

and Chief Executive Officer, and we pay Areth monthly fees for the use of such office space and for other information technology,

general warehousing and administrative services.

Rent under the shared services agreement is $10,000 per month.

ADMA Bio Centers’

plasma collection

facility is located in Kennesaw, GA.

This facility has approximately 12,000 square feet of space, and total rent for this facility

is currently approximately $23,000 per month.

The Kennesaw, GA lease expires April 1, 2026.

ADMA Bio Centers also leases approximately

2,500 square feet of office space in Roswell, GA.

Monthly rent for this space is approximately $3,000, and the lease expires November

As part of the Biotest Transaction, we acquired

the Boca Facility, which consists of two buildings aggregating more than 120,000 square feet residing on approximately 14.6 acres

of land in Boca Raton, FL.

All of our plasma fractionation and drug product manufacturing are conducted at the Boca Facility, which

also contains administrative office space for our ADMA BioManufacturing subsidiary and for our centralized corporate functions.

We believe that our leased and owned properties

are adequate to meet our current and future needs.

Grossman, our Vice Chairman of the Board of Directors, and Adam S.

Grossman, our President and Chief Executive Officer.

We believe that our leased and owned properties are adequate to meet our current and future needs.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 2. Properties