Item 1.01. Entry into a Material Definitive Agreement.
On
The Amendment extends the term of the Lease for a period of 61 months commencing
on
Beginning on
Period Monthly Base Rent11/1/2020 - 11/30/2020 $0.00 12/1/2020 - 10/31/2021 $21,257.10 11/1/2021 - 10/31/2022 $21,894.81 11/1/2022 - 10/31/2023 $22,551.66 11/1/2023 - 10/31/2024 $23,228.21 11/1/2024 - 10/31/2025 $23,925.05 11/1/2025 - 11/30/2025 $24,642.80
The Company, as guarantor under the Lease, consented to the Amendment and affirmed its guaranty of the Lease.
The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full and complete terms of the Amendment, a copy of which is filed herewith as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Second Amendment to Standard Industrial Lease Agreement, datedJanuary 23, 2020 , by and between inTESTSilicon Valley Corporation andFremont Business Center, LLC .
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