AKAO 2017 Annual Report

80 Item 1B. Unresolved Staff Comments. None. Item 2. Properties. In August 2016, we entered into an office lease agreement for our corporate headquarters in South San Francisco, California for 47,118 square feet of office, research and laboratory space. Upon commencement of the new lease in March 2017, we ceased use of our previous corporate headquarter as the Company formerly occupied approximately 16,000 and 6,000 square feet which expired in April 2017 and August 2017, respectively. In July 2017, the Company entered an amendment to lease an additional 51,866 square feet for a total of 99,984 square feet. The Company moved into 18,888 of the additional square feet in August 2017 and will move into the remaining approximately 33,000 square feet in 2018. The lease term is through January 2028 and contains a five-year extension option. We believe that our existing facilities will be sufficient to meet our current needs. Item 3. Legal Proceedings. We are not currently a party to any material legal proceedings. Item 4. Mine Safety Disclosures. Not applicable.