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RECEPTOS, INC. FILES (8-K) Disclosing Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits

April 28, 2014



Item 1.01. Entry into a Material Definitive Agreement.

On April 22, 2014, Receptos, Inc. (the "Company"), entered into a Lease Agreement with ARE-SD Region No. 35, LLC (the "Lease"). Pursuant to the Lease, the Company has leased certain premises consisting of 42,047 square feet located at 3033 Science Park Road, San Diego, California (the "Premises") to serve as the Company's corporate headquarters. The term of the Lease is expected to commence on or before December 31, 2014 (the "Commencement Date") and expires 120 months after the Commencement Date (the "Term"). The Company has an option to extend the Term for an additional five years.

The Lease provides for base rent as follows:

Month of Term Monthly Under Lease Agreement Base Rent 1 to 12 $ 136,652.75 13 to 24 $ 140,752.33 25 to 36 $ 144,974.90 37 to 48 $ 149,324.15 48 to 60 $ 153,803.87



In addition, the Company is required to share in certain operating expenses of the Premises and to deliver a $136,625.75 security deposit.

A copy of the Lease is attached hereto as Exhibit 10.1 and incorporated herein by reference. The foregoing description of the Lease is qualified in its entirety by reference to the full text of the Lease.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an

Off-Balance Sheet Arrangement of a Registrant.



The information included under Item 1.01 above is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits. Exhibit No. Description 10.1 Lease Agreement, dated April 22, 2014, by and between Receptos, Inc. and ARE-SD Region No. 35, LLC. 2



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Source: Edgar Glimpses


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