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KBIO > SEC Filings for KBIO > Form 8-K on 9-Dec-2013All Recent SEC Filings

Show all filings for KALOBIOS PHARMACEUTICALS INC | Request a Trial to NEW EDGAR Online Pro



Entry into a Material Definitive Agreement, Creation of a Direct Fin

Item 1.01 Entry into a Material Definitive Agreement.

On December 6, 2013, KaloBios Pharmaceuticals, Inc. (the "Company") and Bayside Acquisition, LLC, a Delaware limited liability company (the "Landlord"), entered into a lease agreement (the "Lease") with respect to approximately 24,351 rentable square feet of space located at 442 Littlefield Avenue, South San Francisco, California (the "Building"). The term of the Lease commences with respect to all of the space in the Building on the later to occur of (i) the date upon which Landlord delivers the premises to the Company under the terms of the Lease and (ii) July 1, 2014 (the "Lease Commencement Date"). If the Lease Commencement Date shall be the first day of a calendar month, then the Lease will expire on the day immediately preceding the fifth anniversary of the Lease Commencement Date, or, if the Lease Commencement Date shall be other than the first day of a calendar month, then the Lease will expire on the last day of the month in which the fifth anniversary of the Lease Commencement Date occurs. In addition, the Company has an option to extend the terms of the Lease for a period of five years at the then current fair market value rental rate determined in accordance with the terms of the Lease.

The foregoing summary of the Lease does not purport to be complete and is qualified in its entirety by reference to the Lease, which will be filed as an exhibit to the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2013.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth above and referenced under Item 1.01 is hereby incorporated by reference into this Item 2.03.

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