Item 1.01. Entry into a Material Definitive Agreement.
On September 17, 2021, Vaxart, Inc. (the "Company") entered into a lease
agreement (the "Britannia Lease Agreement") with Britannia Pointe Grand Limited
Partnership, a Delaware limited partnership, pursuant to which the Company will
have approximately 24,606 square feet of rentable space located at 170 Harbor
Way, South San Francisco, California 94080 (the "Harbor Way Premises"). The
Company is currently occupying the Harbor Way Premises pursuant to that certain
sublease, dated November 13, 2020, between the Company and Vera Therapeutics,
Inc., a Delaware corporation. Pursuant to the Britannia Lease Agreement, the
Company will rent the Harbor Way Premises for a term of forty-two months,
commencing on October 1, 2025, and expiring on March 31, 2029. The Company will
pay monthly rent of $177,327.23, subject to yearly increases as specified in the
Britannia Lease Agreement.
On September 17, 2021, the Company entered into the Second Amendment to Lease
Agreement (the "Second Amendment") with Healthpeak Properties, Inc., a Maryland
corporation. The Second Amendment amends the Lease Agreement, dated April 17,
2015, as amended by that certain First Amendment to Lease Agreement, dated
September 17, 2019. Currently, the Company has 5,188 square feet of rentable
space located at 290 Utah Avenue, South San Francisco, California 94080 (the
"Existing Premises"). Effective as of April 1, 2022, the Second Amendment
expands the above premises to include an additional 24,544 square feet located
at 310 Utah Avenue, South San Francisco, California 94080 (the "Expanded
Premises"). The Second Amendment also extends the term of this lease until March
31, 2029. In connection with the Existing Premises, the Company will continue to
pay the base rent currently in effect until May 1, 2025, after which the Company
will pay a monthly rent of $37,388.18, subject to yearly increases as specified
in the Second Amendment. Commencing on April 1, 2022, the Company will pay a
monthly rent of $159,536.00 for the Expanded Premises, subject to yearly
increases as specified in the Second Amendment.
The foregoing descriptions of the Britannia Lease Agreement and the Second
Amendment do not purport to be complete and are qualified in their entirety by
reference to the exhibits, which are hereby incorporated herein and may be
amended from time to time.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Description
Number
10.1 Lease Agreement, dated September 17, 2021, by and between Vaxart, Inc.
and Britannia Pointe Grand Limited Partnership.
10.2 Second Amendment to Lease Agreement, dated September 17, 2021, by and
between Vaxart, Inc. and Healthpeak Properties, Inc.
104 Cover Page Interactive Data File (embedded within Inline XBRL document).
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