Aehr Test Systems extends HQ lease through Sept 2030; base rent rises to $88,474/month

AEHR TEST SYSTEMS

Lease extension of 86 months from Aug 1, 2023 to Sep 30, 2030, with a 5-year renewal option.
Base rent increases from $66,385 to $88,473.53 per month effective Aug 1, 2023, with 4% annual increases.
Two months of rent abatement and a tenant improvement allowance of up to $282,089.50.
Facilities at 400 Kato Terrace, Fremont, CA remain the corporate headquarters.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 1.0

AEHR TEST SYSTEMS amended Fourth Amendment with ICON OWNER POOL 1 SF NON-BUSINESS PARKS, LLC valued at $88,473.53 (effective 2022-12-05).

Action: amendment
Agreement: lease
Counterparty: ICON OWNER POOL 1 SF NON-BUSINESS PARKS, LLC
Value: $88,473.53
Effective: 2022-12-05

Exact text from the filing

On December 5, 2022, Aehr Test Systems (the “Company”) entered into a Fourth Amendment (the “Amendment”) to that certain Multi-Tenant Office Triple Net Lease dated August 3, 1999, as amended by that certain First Amendment dated as of May 6, 2008, that certain Second Amendment dated as of November 7, 2014, and that certain Third Amendment as of February 27, 2018 (the “Lease”) with ICON OWNER POOL 1 SF NON-BUSINESS PARKS, LLC for facilities located at 400 Kato Terrace, Fremont, California.

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AEHR TEST SYSTEMS filing history →

Source: SEC EDGAR

accession 0001654954-22-016250

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