DBV Technologies S.A. 10-K

Item 2. Properties. Our corporate headquarters are located in Montrouge, France. Our principal offices occupy a 4,470 square meter facility, pursuant to a lease agreement, signed on March 3, 2015, with an effective date of August 1, 2015 and which expires July 31, 2024. Our primary U.S. office is located in Basking Ridge, New Jersey. On March 28, 2022, we entered into a lease agreement, commencing on April 1, 2022 and effective for 38 months, for an office of 5,799 square feet in Basking Ridge, New Jersey. The company leased a commercial facility of 8,919 square feet and an additional 12,629 square feet in the same building in Summit, New Jersey. Both leases were initially intended to support the launch and commercialization of Viaskin Peanut in North America and were co-terminus on July 10, 2028, with extension options of two five-year periods. In light of our global restructuring and the current stage of regulatory interactions regarding Viaskin Peanut, the company entered into a termination agreement for the Summit, New Jersey leases effective on January 31, 2022, in exchange for a one-time lump sum early termination fee. We also have facilities in North America that were initially intended to support our U.S. subsidiary as well as future commercialization needs. We lease 3,780 square feet of office space in Tower 49, New York, New York. This lease is for a period of 65 months. In light of our global restructuring, the current stage of regulatory interactions regarding Viaskin Peanut, and the ongoing COVID-19 pandemic, we entered into a sublease agreement of this office space in June 2021. The lease and sublease both expire on March 31, 2023. We consider our facilities to be suitable and adequate for the management and operation of our business. We believe that suitable additional or alternative space will be available to accommodate our future growth.