NorthWest Biotherapeutics Inc (NWBO)

[TZOR]

Ok let's do a quick analysis of an estimate of cost per sq ft

As of 12/31/14 future obligations equaled $1.3 million

agreement #1 is 7097 sq ft and expires on 03/2018 (39 months (2015, 2016, 2017, 3 months in 2018))

agreement #2 is 4251 sq ft and expires on 12/2017 (36 months (2015, 2016, 2017)

$1,300,000 / 75 (39 +36) months = $17,333.33 per month per location (estimate on location cost but confirmed total cost, as one location may be more or less than the other, but the total cost is as stated).

Or lets look at sq ft cost

Agreement #1 is 7097 sq ft and estimated to be $17,333.33 per month, or $2.44 per sq ft.

Agreement #2 is 4251 sq ft and estimated to be $17,333.33 per month, or $4.07 per sq ft.

The actual rent per unit may be different, but based on the number of months left on the contracts and the sq ft identified, that is a rough calculation of the cost per month and cost per sq ft for each location.