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Message: Re: current lease-New Lease
4
Jan 25, 2012 04:56PM

"On January 20, 2012, e.Digital Corporation (the “Company”) entered into a lease agreement (“Lease”) with BOI-Rancho Bernardo Bluffs Trust, a Maryland Real Estate Investment Trust, for 3,253 square feet of corporate office space located at 16870 West Bernardo Drive (Suite 120), San Diego, California 92127. The Lease commences May 1, 2012, with early occupancy 30 days prior or upon substantial completion of tenant improvements, for a period of 62 months terminating June 30, 2017, with the first through seventh months abated at a rate of 50%. The gross monthly base rent is $4,879.50 through April 30, 2013. The aggregate monthly payments adjust annually with maximum payments totaling $7,156.60 in the forty-ninth through sixty-second months. The Company has a three year option to extend at the then fair rental value as defined in the Lease. The aggregate lease payments pursuant to the agreement total $368,080. "

Since when is the signing of a new lease a material event? Have we seen this type of release before?

Is this a "between the lines" message ? lol

3
Jan 25, 2012 05:26PM
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Jan 25, 2012 08:02PM
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Jan 25, 2012 08:28PM
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