SPRUCE POWER HOLDING CORP 10-K

Item 1B. Unresolved Staff Comments Not applicable. Item 2. Property As of December 31, 2021, we lease space in Brighton, MA for our office, engineering, sales and marketing, finance, human resources, service and supply chain functions under an agreement that was extended to August 31, 2022, with monthly rent of $19,473. Our production team resides at a leased facility in Quincy, IL with a monthly rent of $5,000. Our lease on this property expired on December 31, 2021 and a new property was leased with an expiration date of October 25, 2026 with a monthly rent of $8,040, with two successive options to renew for additional terms of three years each. Our facility in Foothill Ranch, CA which houses members of the engineering team that were brought into the business through the 2019 acquisition of Quantum Fuel’s electrification division has a monthly rent of $32,956. The lease expires in February 2025, with the option to extend for an additional 60-month term. Our facility in Wixom, Michigan opened on February 1, 2021 and hosts an electrification technology center that is in close proximity to the leading automotive OEMs. The facility has a monthly rent of $12,338. The lease expires on February 29, 2024. We lease a facility in Worcester, MA that houses members of the World Energy team. The lease expires in September 2023. We believe our current facilities are sufficient for our current needs and will be adequate, or that suitable additional or substitute space will be available on commercially reasonable terms, for the foreseeable future.