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Aclaris Therapeutics, Inc. – ‘10-K’ for 12/31/18 – ‘EX-10.27’

On:  Monday, 3/18/19, at 8:01am ET   ·   For:  12/31/18   ·   Accession #:  1558370-19-2211   ·   File #:  1-37581

Previous ‘10-K’:  ‘10-K’ on 3/12/18 for 12/31/17   ·   Next:  ‘10-K’ on 2/25/20 for 12/31/19   ·   Latest:  ‘10-K’ on 2/27/24 for 12/31/23   ·   8 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/18/19  Aclaris Therapeutics, Inc.        10-K       12/31/18   97:13M                                    Toppan Merrill Bridge/FA

Annual Report   —   Form 10-K   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   1.69M 
 2: EX-10.11    Material Contract                                   HTML     89K 
 3: EX-10.12    Material Contract                                   HTML     76K 
 4: EX-10.15    Material Contract                                   HTML     32K 
 5: EX-10.27    Material Contract                                   HTML     38K 
 6: EX-10.31    Material Contract                                   HTML    443K 
 7: EX-21.1     Subsidiaries List                                   HTML     28K 
 8: EX-23.1     Consent of Experts or Counsel                       HTML     27K 
 9: EX-31.1     Certification -- §302 - SOA'02                      HTML     32K 
10: EX-31.2     Certification -- §302 - SOA'02                      HTML     31K 
11: EX-32.1     Certification -- §906 - SOA'02                      HTML     32K 
18: R1          Document and Entity Information                     HTML     61K 
19: R2          Consolidated Balance Sheets                         HTML    110K 
20: R3          Consolidated Balance Sheets (Parenthetical)         HTML     45K 
21: R4          Consolidated Statements of Operations and           HTML     86K 
                Comprehensive Loss                                               
22: R5          Consolidated Statements of Operations and           HTML     29K 
                Comprehensive Loss (Parenthetical)                               
23: R6          Consolidated Statements of Stockholders' Equity     HTML     95K 
24: R7          Consolidated Statements of Stockholders' Equity     HTML     32K 
                (Parenthetical)                                                  
25: R8          Consolidated Statements of Cash Flows               HTML    128K 
26: R9          Organization and Nature of Business                 HTML     34K 
27: R10         Summary of Significant Accounting Policies          HTML    129K 
28: R11         Acquisitions                                        HTML    108K 
29: R12         Fair Value of Financial Assets and Liabilities      HTML    220K 
30: R13         Property and Equipment, Net                         HTML     59K 
31: R14         Intangible Assets                                   HTML     84K 
32: R15         Accrued Expenses                                    HTML     57K 
33: R16         Debt                                                HTML     34K 
34: R17         Stockholders' Equity                                HTML     42K 
35: R18         Stock-Based Awards                                  HTML    219K 
36: R19         Net Loss per Share                                  HTML     71K 
37: R20         Commitments and Contingencies                       HTML     51K 
38: R21         Income Taxes                                        HTML    187K 
39: R22         Related Party Transactions                          HTML     92K 
40: R23         Agreements Related to Intellectual Property         HTML     51K 
41: R24         Retirement Savings Plan                             HTML     31K 
42: R25         Segment Information                                 HTML    150K 
43: R26         Quarterly Financial Information (Unaudited)         HTML     98K 
44: R27         Summary of Significant Accounting Policies          HTML    197K 
                (Policies)                                                       
45: R28         Summary of Significant Accounting Policies          HTML     46K 
                (Tables)                                                         
46: R29         Acquisitions (Tables)                               HTML    105K 
47: R30         Fair Value of Financial Assets and Liabilities      HTML    217K 
                (Tables)                                                         
48: R31         Property and Equipment, Net (Tables)                HTML     58K 
49: R32         Intangible Assets (Tables)                          HTML     85K 
50: R33         Accrued Expenses (Tables)                           HTML     56K 
51: R34         Stock-Based Awards (Tables)                         HTML    215K 
52: R35         Net Loss per Share (Tables)                         HTML     72K 
53: R36         Commitments and Contingencies (Tables)              HTML     41K 
54: R37         Income Taxes (Tables)                               HTML    180K 
55: R38         Related Party Transactions (Tables)                 HTML     85K 
56: R39         Segment Information (Tables)                        HTML    147K 
57: R40         Quarterly Financial Information (Unaudited)         HTML     97K 
                (Tables)                                                         
58: R41         Organization and Nature of Business (Details)       HTML     34K 
59: R42         Summary of Significant Accounting Policies          HTML     43K 
                (Details)                                                        
60: R43         Summary of Significant Accounting Policies -        HTML     40K 
                Product Sales (Details)                                          
61: R44         Summary of Significant Accounting Policies -        HTML     51K 
                Deferred Costs (Details)                                         
62: R45         Summary of Significant Accounting Policies - Risk   HTML     36K 
                (Details)                                                        
63: R46         Summary of Significant Accounting Policies -        HTML     45K 
                Recent Pronouncements (Details)                                  
64: R47         Summary of Significant Accounting Policies -        HTML     27K 
                Segments (Details)                                               
65: R48         Acquisitions - Amount Paid for Assets Acquired      HTML     38K 
                (Details)                                                        
66: R49         Acquisitions - Summary of Fair Value Assets         HTML     38K 
                Acquired (Details)                                               
67: R50         Acquisitions - Summary of Fair Value Consideration  HTML     51K 
                (Details)                                                        
68: R51         Acquisitions - Fair Value of Assets Acquired and    HTML     63K 
                Liabilities Assumed (Details)                                    
69: R52         Acquisitions - Supplemental Pro Forma Financial     HTML     41K 
                Information (Details)                                            
70: R53         Fair Value of Financial Assets and Liabilities      HTML     70K 
                (Details)                                                        
71: R54         Fair Value of Financial Assets and Liabilities -    HTML     44K 
                By type (Details)                                                
72: R55         Property and Equipment, Net (Details)               HTML     52K 
73: R56         Intangible Assets (Details)                         HTML     49K 
74: R57         Intangible Assets - Future Amortization Expenses    HTML     49K 
                (Details)                                                        
75: R58         Accrued Expenses (Details)                          HTML     51K 
76: R59         Debt (Details)                                      HTML     59K 
77: R60         Stockholders' Equity (Details)                      HTML     40K 
78: R61         Stockholders' Equity - Other Offerings (Details)    HTML     81K 
79: R62         Stock-Based Awards (Details)                        HTML     72K 
80: R63         Stock-Based Awards - Option Activity (Details)      HTML     88K 
81: R64         Stock-Based Awards - RSUs (Details)                 HTML     53K 
82: R65         Stock-Based Awards - Compensation (Details)         HTML     51K 
83: R66         Net Loss per Share (Details)                        HTML     41K 
84: R67         Net Loss per Share - Anti-dilution (Details)        HTML     35K 
85: R68         Commitments and Contingencies (Details)             HTML     58K 
86: R69         Income Taxes - Tax Cuts and Jobs Act (Details)      HTML     40K 
87: R70         Income Taxes - Rate Reconciliation (Details)        HTML     73K 
88: R71         Income Taxes - Deferred Assets and Liabilities,     HTML     92K 
                CFDs (Details)                                                   
89: R72         Income Taxes - Valuation Allowance and              HTML     54K 
                Unrecognized Tax Benefits (Details)                              
90: R73         Related Party Transactions (Details)                HTML     57K 
91: R74         Agreements Related to Intellectual Property         HTML     92K 
                (Details)                                                        
92: R75         Retirement Savings Plan (Details)                   HTML     32K 
93: R76         Segment Information (Details)                       HTML     66K 
94: R77         Quarterly Financial Information (Unaudited)         HTML     48K 
                (Details)                                                        
96: XML         IDEA XML File -- Filing Summary                      XML    168K 
95: EXCEL       IDEA Workbook of Financial Reports                  XLSX    112K 
12: EX-101.INS  XBRL Instance -- acrs-20181231                       XML   3.32M 
14: EX-101.CAL  XBRL Calculations -- acrs-20181231_cal               XML    226K 
15: EX-101.DEF  XBRL Definitions -- acrs-20181231_def                XML    688K 
16: EX-101.LAB  XBRL Labels -- acrs-20181231_lab                     XML   1.72M 
17: EX-101.PRE  XBRL Presentations -- acrs-20181231_pre              XML   1.13M 
13: EX-101.SCH  XBRL Schema -- acrs-20181231                         XSD    204K 
97: ZIP         XBRL Zipped Folder -- 0001558370-19-002211-xbrl      Zip    235K 


‘EX-10.27’   —   Material Contract


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



 C:   C: 
  acrs EX1027  

Exhibit 10.27

FIRST AMENDMENT TO SUBLEASE

This First Amendment to Sublease (this “Amendment”) dated as of this 13th day of December, 2017 by and between Aclaris Therapeutics, Inc., a Delaware corporation, with offices located at 101 Lindenwood Drive, Suite 400, Malvern, Pennsylvania 19355 (“Subtenant”), and Auxilium Pharmaceuticals, LLC, a Delaware limited liability company, with offices located at 1400 Atwater Drive, Malvern, PA 19355  (“Sublandlord”).

W I T N E S S E T H:

WHEREAS, Sublandlord and Subtenant entered into that certain Sublease dated as of November 2, 2017 (the “Sublease”), pursuant to which Sublandlord subleased to Subtenant that certain Sublease Premises consisting of 33,019 square feet of space in the aggregate located at 640 Lee Road, Wayne, PA, comprised of the entire second floor of the Master Lease Premises and a portion of the first floor, as more fully described in the Lease;

WHEREAS, Sublandlord and Subtenant have agreed to modify the Sublease to permit Subtenant to make certain alterations to the Sublease Premises, subject to the terms and conditions hereof.

NOW, THEREFORE, for and in consideration of the aforesaid recitals and the covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the parties hereto, Sublandlord and Subtenant hereby agree as follows:

1.         Capitalized Terms.  Capitalized terms used herein, but not defined herein, shall have the meanings ascribed to such terms in the Sublease.

2.         Alterations to Sublease Premises.  Subtenant shall be permitted to make those certain alterations to the Subleased Premises as shown on and in accordance with the plans attached hereto as Exhibit A, provided that prior to the expiration of the Term, Subtenant, at its sole cost and expense, shall restore the Sublease Premises to its original condition that existed immediately prior to Subtenant’s use of and alterations to the Sublease Premises.  The Master Landlord has consented to such alterations to the Sublease Premises, subject to the restoration condition stated herein.  Subtenant shall indemnify, defend and hold Sublandlord harmless from and against any and all losses, costs, damages, expenses and liability, including, but not limited to, reasonable attorneys’ fees, which Sublandlord may incur in connection with Subtenant’s alterations to and subsequent restoration of the Sublease Premises, including, without limitation, Subtenant’s failure to restore the Sublease Premises to the satisfaction of Master Landlord before the expiration of the Term.

3.         Miscellaneous.  Except as hereinabove provided, all other terms and conditions of the Sublease shall remain unchanged and in full force and effect.  This Amendment may be executed in counterparts, each of which shall be deemed an original, and all of which together shall constitute one Amendment.  This Amendment together with the Sublease, is the complete understanding between the parties and supersedes all other prior agreements and representations concerning its subject matter.

[Signatures on following page]

 

 

1


 

IN WITNESS WHEREOF, this Amendment has been duly executed by Sublandlord and Subtenant as of the day and year first herein above written.

 

 

SUBLANDLORD:

 

 

 

 

 

AUXILIUM PHARMACEUTICALS, LLC

 

a Delaware limited liability company

 

 

 

 

 

By:

/s/ Lawrence A. Cunningham

 

 

Name:

Lawrence A. Cunningham

 

 

Title:

Executive Vice President, Human Resources

 

 

 

SUBTENANT:

 

 

 

 

 

ACLARIS THERAPEUTICS, INC.

 

a Delaware corporation

 

 

 

 

 

By:

/s/ Neal Walker

 

 

Name:

Neal Walker

 

 

Title:

President & CEO

 

 


 

EXHIBIT A

ALTERATION PLANS

 


 

Picture 158

 



Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:3/18/198-K
For Period end:12/31/18
11/2/178-K
 List all Filings 


8 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 5/07/24  Aclaris Therapeutics, Inc.        S-8         5/07/24    4:78K                                    Toppan Merrill/FA
 2/27/24  Aclaris Therapeutics, Inc.        10-K       12/31/23   91:11M                                    Toppan Merrill Bridge/FA
 5/08/23  Aclaris Therapeutics, Inc.        S-8         5/08/23    4:78K                                    Toppan Merrill/FA
 2/23/23  Aclaris Therapeutics, Inc.        10-K       12/31/22   88:11M                                    Toppan Merrill Bridge/FA
 5/10/22  Aclaris Therapeutics, Inc.        S-8         5/10/22    4:79K                                    Toppan Merrill/FA
 2/24/22  Aclaris Therapeutics, Inc.        10-K       12/31/21   98:12M                                    Toppan Merrill Bridge/FA
 5/07/21  Aclaris Therapeutics, Inc.        S-8         5/07/21    3:83K                                    Toppan Merrill/FA
 2/25/21  Aclaris Therapeutics, Inc.        10-K       12/31/20  104:12M                                    Toppan Merrill Bridge/FA
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