UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| The |
Item 1.01 Entry into a Material Definitive Agreement.
Office Lease
As previously disclosed, on April 6, 2021, Jaguar Health, Inc. (the “Company”) entered into an Office Lease Agreement (the “Lease”) with M & E, LLC, a California Limited Liability Company (“Landlord”), to lease approximately 10,526 square feet of office space for two suites located at 200 Pine Street, San Francisco, California 94104 (the “Premises”). The original term of the Lease provided that the lease began on September 1, 2021 and would expire on August 31, 2024. On December 24, 2021, the Company entered into the First Amendment to the Lease (the “First Amendment”), which, among other things, modified the Lease to begin on December 22, 2021 and expire on February 28, 2025.
On October 25, 2023, the Company entered into a Second Amendment to the Lease (the “Second Amendment”), which, among other things, modified the date of expiration for one of the suites covered under the Lease from February 28, 2025 to August 31, 2030.
Pursuant to the Second Amendment, the base rent under the Lease was modified to read as follows:
| SUITE 400 | SUITE 600 | |||||||||||
| MONTHLY PERIOD | Monthly Basic Rental | Monthly Basic Rental | TOTAL
MONTHLY BASIC RENTAL | |||||||||
| 9/1/2023 – 2/29/2024 | $ | 17,587.33 | $ | 21,683.56 | $ | 39,270.89 | ||||||
| 3/1/2024 – 8/31/2024 | $ | 17,587.33 | $ | 22,334.07 | $ | 39,921.40 | ||||||
| 9/1/2024 – 2/28/2025 | $ | 18,114.95 | $ | 22,334.07 | $ | 40,449.02 | ||||||
| 3/1/2025 – 8/31/2025 | $ | 18,114.95 | $ | 18,114.95 | ||||||||
| 9/1/2025 – 8/31/2025 | $ | 18,658.40 | $ | 18,658.40 | ||||||||
| 9/1/2026 – 8/31/2025 | $ | 19,218.15 | $ | 19,218.15 | ||||||||
| 9/1/2027 – 8/31/2025 | $ | 19,794.70 | $ | 19,794.70 | ||||||||
| 9/1/2028 – 8/31/2025 | $ | 20,388.54 | $ | 20,388.54 | ||||||||
| 9/1/2029 – 8/31/2025 | $ | 21,000.20 | $ | 21,000.20 | ||||||||
The description of the First Amendment and the Second Amendment contained in this Current Report on Form 8-K do not purport to be complete and are qualified in their entirety by reference to the copy of the First Amendment and the Second Amendment filed as Exhibits 10.1 and 10.2 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits
| (d) | Exhibits |
| Exhibit No. |
Description | |
| 10.1 | First Amendment to 200 Pine Street Office Lease, dated December 24, 2021, between Jaguar Health, Inc. and M & E, LLC. | |
| 10.2 | Second Amendment to 200 Pine Street Office Lease, dated October 25, 2023, between Jaguar Health, Inc. and M & E, LLC. | |
| 104 | Cover Page Interactive Data File (embedded within the inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| JAGUAR HEALTH, INC. | |||
| By: | /s/ Lisa A. Conte | ||
| Name: | Lisa A. Conte | ||
| Title: | President and Chief Executive Officer | ||
Date: December 1, 2023