LightPath expands headquarters by ~6,347 sq ft via lease swap, consolidates space

LIGHTPATH TECHNOLOGIES INC

Ninth Amendment to Lease increases rentable area from 52,184 to 58,531 sq ft by adding Suite 110 and releasing Suite 130.
Monthly rent for added Suite 110 starts at $13,262.42 ($15.25/sq ft/yr) on swap date; rent abatement for first two months after EPCD.
Landlord provides construction allowance of $2,402,424 ($42/sq ft for original, $50/sq ft for expansion premises) for improvements.
Company will not renew 12,378 sq ft lease at 12501 Research Parkway expiring Nov 2022, consolidating operations at headquarters.
All other Eighth Amendment terms remain; renewal option applies to expanded premises.

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