−Removed: We do not own any real
−Removed: Our principal offices are located at 8840 Wilshire Blvd., 2nd Floor, Beverly Hills, California 90211.
−Removed: Capricor leases
−Removed: space for its corporate offices from The Bubble Real Estate Company, LLC pursuant to a lease that was originally effective for
−Removed: a two-year period beginning July 1, 2013 with an option to extend the lease for an additional twelve months.
−Removed: Capricor subsequently
−Removed: entered into several amendments extending the term of the lease and modifying its terms.
−Removed: Effective January 1, 2021, we entered
−Removed: into an amendment with the Bubble Real Estate Company, LLC pursuant to which we extended our lease for an additional year ending
−Removed: December 31, 2021.
−Removed: The lease is terminable by either party upon 90 days’
−Removed: written notice to the other party.
−Removed: rental payment is $13,073 for this annual period.
−Removed: Capricor leases facilities
−Removed: from CSMC pursuant to a lease, or the Facilities Lease, that was originally effective for a three-year period beginning June 1,
−Removed: Capricor has subsequently entered into several amendments extending the term of the lease and modifying its terms.
−Removed: In July 2020,
−Removed: Capricor exercised its option to extend the term of the Facilities Lease for an additional 12-month period through July 31,
−Removed: 2021 with a monthly lease payment of $15,805.
−Removed: The Company has a further option to extend the Facilities Lease with respect to a
−Removed: portion of the leased premises through July 31, 2022 and a monthly lease payment of $10,707.
−Removed: At this time, we are actively
−Removed: considering new facilities for our research, development and/or manufacturing activities or the possible extension of our current
−Removed: The premises leased from CSMC are located at 8700 Beverly Blvd., Los Angeles, California 90048.
+Added: We do not own any real property.
+Added: Our primary operations are conducted at the leased facilities summarized in the below table.
+Added: We believe our facilities are adequate and suitable for our current needs and that we will be able to obtain new or additional leased space in the future when necessary.
+Added: Location of Property
+Added: Lease Expiration Date
+Added: Other Information
+Added: 10865 Road to the Cure, Suite 150, San Diego, CA
+Added: October 15, 2026
+Added: Laboratory and office space
+Added: Corporate headquarters
+Added: 10865 Road to the Cure, Room 7, San Diego, CA
+Added: October 31, 2022
+Added: Laboratory space
+Added: Laboratory space
+Added: 8840 Wilshire Blvd., 2 nd Floor, Beverly Hills, CA
+Added: Month-to-Month, terminable on 90-day notice
+Added: 8700 Beverly Blvd., Los Angeles, CA
+Added: July 31, 2022
+Added: Laboratory and office space
+Added: Primarily laboratory space
LEGAL PROCEEDINGS
−Removed: We are not involved
−Removed: in any material pending legal proceedings and are not aware of any material threatened legal proceedings against us.
+Added: We are not involved in any material pending legal proceedings and are not aware of any material threatened legal proceedings against us.
MINE SAFETY DISCLOSURES
1 unchanged sentence
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.