Item 1.01. Entry into a Material Definitive Agreement.
On
As a result of the Amendment, the rent obligations increase over the term of the Lease, as amended, for the Existing Premises as follows:
Period Annual Monthly
(Measured from Expansion Date) Rate/RSF Base Rent
05/01/2027 - Month 48$ 14.06 $ 14,529.49 Months 49 - 60$ 14.62 $ 15,110.67
And for the Expansion Premises as follows:
Period Annual Monthly
(Measured from Expansion Date) Rate/RSF Base Rent
Months 1 - 12$ 12.50 $ 6,250.00 Months 13 - 24$ 13.00 $ 6,500.00 Months 25 - 36$ 13.52 $ 6,760.00 Months 37 - 48$ 14.06 $ 7,030.40 Months 49 - 60$ 14.62 $ 7,311.62
The Amendment is furnished as Exhibit 10.1 to this current report on Form 8-K and is incorporated herein by reference. The foregoing description of the Lease Amendment does not purport to be complete and is qualified in its entirety by reference to the Lease and the Lease Amendment.
(d) Exhibit No. Description 10.1 First Amendment to Multi-Tenant Industrial TripleNet Lease entered into as ofMay 10, 2023 by and betweenULF Northfield Business Center LL andZomedica Inc. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2
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