Aware modifies property sale and lease agreements; closing set for June 30, 2022

AWARE INC /MA/

Fifth Amendment to sale of 40 Middlesex Tpke sets closing at June 30, 2022; buyer deposited additional $125K.
If buyer defaults under sale agreement, Aware entitled to $7M liquidated damages.
After sale, Aware may occupy the property through September 30, 2022 via license.
First Amendment to new lease at 76 Blanchard Rd gives Aware option to terminate before June 30, 2022.
If Aware terminates, it forfeits $150K escrow plus $1,338.75/day from security deposit.

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