CAPTIVE IN-PLACE TENANCY Avid Bioservices currently occupies 51% of the Property as their corporate headquarters and views this location as a long-term facility for their operations as they have recently invested ±$20 million of their own capital in 2642 Michelle Drive and three other neighboring office buildings. Due to their strategic neighboring locations and long-term contractual lease agreements, Avid Bioservices is committed to its future at this property