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Re: CrashOverride post# 743780

Wednesday, 01/15/2025 10:58:47 AM

Wednesday, January 15, 2025 10:58:47 AM

Post# of 820582
No, Advent has a sublease on the GMPO approved portion of the facility that lasts as long as NWBO has the master lease. This is clearly described in the sublease contract on Edgar. That contract specifically notes in Exhibit A at the end that it includes 4 hotel cleanroom suites (2 completed, 2 planned), labs and cryostorage freeers.. So those are Advents.

The total subleased space is about 14k sq feet. That agrees with what has been PR'd as the initial GMP space plus the expansion.

One can also see in the latest 10Q that most all of the value put into the facility since the sale/lease/sublease is in the form of leasehold improvements. 18.7M in leasehold improvements vs $3.2M in computer and manufacturing equipment. It is a very safe bet that the vast majority of the leasehold improvements are in Advents subleased space.

And finally, most of the GMP license is not for the facility but for the implemented operations. That is all Advent.
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