NorthWest Biotherapeutics Inc (NWBO)

[exwannabe]

Why should NWO shareholders care? The freezers belong to Advent, The freezers are the 2560 ft^2 of nitrogen cryostorage listed in the Adevnt sublease When equipment is part of leasehold improvements that makes it part of the facility. At least until 2037.

NWBO collects 125K/year on the Advent space. Now, the terms on that would get rational shareholders furious. But most here still believe the comical hype that Advent exists to support NWBO.

On December 31, 2021, the Company entered into a Sub-lease Agreement (the “Agreement”) with Advent. The Agreement permits use by Advent of a portion of the space in the Sawston facility, which is leased by the Company under a separate head lease with a different counterparty (Huawei) that commenced on December 14, 2018. The Company subleased approximately 14,459 square feet of the 88,000 square foot building interior space, plus corresponding exterior support space and parking. The lease payments amount under the Agreement are two times the £5.75 (approximate $6.96 per square foot based on exchange rate as of December 31, 2022) rate per square foot payable under the head lease, but subject to a cap of $10 per square foot. Accordingly, the monthly lease payments under the Sublease are based on $145,000 annually for 2022. The total lease payments paid by the Company to Huawei for the facility, exterior spaces and parking under the head lease are 500,000 pounds (approximately $600,000) per year. The term of the Agreement shall end on the same date as the head lease term ends.

During the year ended December 31, 2022, the Company recognized sub-lease income of $145,000.