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SOLAZYME 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

July 28, 2014



Item 1.01 Entry Into a Material Definitive Agreement.

On July 22, 2014, Solazyme, Inc. (the "Company") entered into a lease agreement (the "Lease") with Britannia Gateway II Limited Partnership (the "Landlord") to lease approximately 106,076 rentable square feet located at 225 Gateway Boulevard and 201 Gateway Boulevard, South San Francisco, California (collectively, the "Premises"). The Lease will commence on February 5, 2015 and expire on January 31, 2018 (the "Term"). The Lease payments will be approximately $12.4 million over the Term, and the Company will also pay the Landlord for certain operating expenses.

The Company currently occupies the Premises under a sublease dated December 31, 2009, between the Company, as sublessee, and FibroGen, Inc., as sublessor.

The above description is a summary of the material terms of the Lease, does not purport to be complete, and is qualified in its entirety by reference to the agreement, which will be filed as an exhibit to the Company's Quarterly Report on Form 10-Q.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth in Item 1.01 above is incorporated by reference into this Item 2.03.

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Source: Edgar Glimpses


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