−Removed: On December 17, 2013, and subsequent
−Removed: amendment on January 22, 2019, we entered into a lease (the “
−Removed: Lease ”) with 257 Simarano Drive, LLC, Brighton
−Removed: Properties, LLC, Robert Stubblebine 1, LLC and Robert Stubblebine 2, LLC to lease office and laboratory space in the building known
−Removed: as the “Main Building”
−Removed: located at 257 Simarano Drive, Marlborough, Massachusetts, covering approximately 7,581 square
−Removed: The premises are used by the Company for office and laboratory space.
−Removed: The term of the Lease commenced on April 1, 2014
−Removed: and expires on March 31, 2024, for a total of a ten year lease term.
−Removed: The base rent for the premises is $124,865 per annum,
−Removed: payable on a monthly basis.
−Removed: Each year thereafter, the base rent shall increase by approximately 3% over the base rent from the
−Removed: With six months’
−Removed: advance notice, either party may terminate the lease on March 31, 2021, paying the non-terminating
−Removed: party six months’
−Removed: rent as a penalty or on March 31, 2022, paying the non-terminating party three months’
−Removed: We believe that our facilities are suitable
−Removed: for our current needs.
+Added: On December 17, 2013, we entered into a lease
+Added: (the “ Lease ”), as subsequently amended on January 22, 2019, with 257 Simarano Drive, LLC, Brighton Properties, LLC,
+Added: Robert Stubblebine 1, LLC and Robert Stubblebine 2, LLC to lease office and laboratory space in the building known as the “Main
+Added: Building” located at 257 Simarano Drive, Marlborough, Massachusetts, covering 7,581 square feet.
+Added: The premises are used by the Company
+Added: for office and laboratory space.
+Added: The term of the Lease commenced on April 1, 2014 and expires on March 31, 2024, for a total
+Added: of a ten year lease term.
+Added: The base rent for the premises is $124,865 per annum, payable on a monthly basis.
+Added: Each year thereafter, the
+Added: base rent shall increase by approximately 3% over the base rent from the prior year.
+Added: With six months’ advance notice, either party
+Added: had the option to terminate the lease on March 31, 2021, paying the non-terminating party six months’ rent as a penalty or on March
+Added: 31, 2022, paying the non-terminating party three months’ rent as a penalty.
+Added: The option to terminate the Lease early was not exercised
+Added: by either party and has expired.
+Added: We believe that our facilities are suitable for
+Added: our current needs.
LEGAL PROCEEDINGS
−Removed: From time to time, we may become a party
−Removed: to various legal proceedings and complaints arising in the ordinary course of business.
−Removed: There are none deemed to be material at
+Added: From time to time, we may become a party to various
+Added: legal proceedings and complaints arising in the ordinary course of business.
+Added: There are none deemed to be material at this time.
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.