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Beyond Meat, Inc. – ‘10-Q’ for 4/2/22 – ‘EX-10.1’

On:  Thursday, 5/12/22, at 8:42am ET   ·   For:  4/2/22   ·   Accession #:  1655210-22-84   ·   File #:  1-38879

Previous ‘10-Q’:  ‘10-Q’ on 11/12/21 for 10/2/21   ·   Next:  ‘10-Q’ on 8/11/22 for 7/2/22   ·   Latest:  ‘10-Q’ on 5/9/24 for 3/30/24   ·   7 References:   

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

 5/12/22  Beyond Meat, Inc.                 10-Q        4/02/22   72:6.7M

Quarterly Report   —   Form 10-Q

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML    750K 
 2: EX-10.1     EX-10.1 Fourth Amendment to Lease                   HTML     28K 
 3: EX-10.2     EX-10.2 First Amendment                             HTML     24K 
 4: EX-10.3     EX-10.3 Third Amendment to Lease Dated March 28,    HTML     31K 
                2022                                                             
 5: EX-10.4     EX-10.4 G. Schultz Consulting Agreement             HTML     61K 
 6: EX-31.1     Bynd EX-31.1 CEO Certification                      HTML     25K 
 7: EX-31.2     Bynd EX-31.2 CFO Certification                      HTML     25K 
 8: EX-32.1     Bynd EX-32.1 CEO 906 Certification                  HTML     23K 
 9: EX-32.2     Bynd EX-32.2 CFO 906 Certification                  HTML     23K 
15: R1          Cover Page                                          HTML     73K 
16: R2          Condensed Consolidated Balance Sheets               HTML    130K 
17: R3          Condensed Consolidated Balance Sheets               HTML     38K 
                (Parenthetical)                                                  
18: R4          Condensed Consolidated Statements of Operations     HTML     99K 
19: R5          Condensed Consolidated Statements of Comprehensive  HTML     40K 
                Loss                                                             
20: R6          Condensed Consolidated Statements of Stockholders?  HTML     60K 
                Equity                                                           
21: R7          Condensed Consolidated Statements of Cash Flows     HTML    128K 
22: R8          Introduction                                        HTML     26K 
23: R9          Summary of Significant Accounting Policies          HTML     45K 
24: R10         Restructuring                                       HTML     24K 
25: R11         Leases                                              HTML    144K 
26: R12         Inventories                                         HTML     28K 
27: R13         Property, Plant and Equipment                       HTML     40K 
28: R14         Debt                                                HTML     43K 
29: R15         Stockholders? Equity                                HTML     27K 
30: R16         Share-Based Compensation                            HTML     67K 
31: R17         Commitments and Contingencies                       HTML     53K 
32: R18         Income Taxes                                        HTML     26K 
33: R19         Net Loss Per Share Available to Common              HTML     43K 
                Stockholders                                                     
34: R20         Related Party Transactions                          HTML     23K 
35: R21         Summary of Significant Accounting Policies          HTML     47K 
                (Policies)                                                       
36: R22         Summary of Significant Accounting Policies          HTML     34K 
                (Tables)                                                         
37: R23         Leases (Tables)                                     HTML     99K 
38: R24         Inventories (Tables)                                HTML     29K 
39: R25         Property, Plant and Equipment (Tables)              HTML     38K 
40: R26         Debt (Tables)                                       HTML     37K 
41: R27         Share-Based Compensation (Tables)                   HTML     64K 
42: R28         Net Loss Per Share Available to Common              HTML     40K 
                Stockholders (Tables)                                            
43: R29         Introduction (Details)                              HTML     27K 
44: R30         Summary of Significant Accounting Policies -        HTML     42K 
                Narrative (Details)                                              
45: R31         Summary of Significant Accounting Policies -        HTML     36K 
                Schedule of disaggregation of revenue (Details)                  
46: R32         Restructuring (Details)                             HTML     25K 
47: R33         Leases - Narrative (Details)                        HTML     34K 
48: R34         Leases - Components of expense and supplemental     HTML     56K 
                cash flow information (Details)                                  
49: R35         Leases - Schedule of assets and liabilities         HTML     43K 
                related to leases (Details)                                      
50: R36         Leases - Schedule of future maturities of lease     HTML     59K 
                liabilities (Details)                                            
51: R37         Inventories (Details)                               HTML     30K 
52: R38         Property, Plant and Equipment - Summary of          HTML     53K 
                property, plant, and equipment (Details)                         
53: R39         Property, Plant and Equipment - Narrative           HTML     35K 
                (Details)                                                        
54: R40         Debt - Schedule of debt balances (Details)          HTML     32K 
55: R41         Debt - Narrative (Details)                          HTML     63K 
56: R42         Debt - Summary of convertible senior notes          HTML     43K 
                (Details)                                                        
57: R43         Stockholders? Equity (Details)                      HTML     38K 
58: R44         Share-Based Compensation - Narrative (Details)      HTML    108K 
59: R45         Share-Based Compensation - Summary of shares        HTML     34K 
                available for grant (Details)                                    
60: R46         Share-Based Compensation - Schedule of fair value   HTML     30K 
                assumptions (Details)                                            
61: R47         Share-Based Compensation - Schedule of stock        HTML     73K 
                option activity (Details)                                        
62: R48         Share-Based Compensation - Schedule of RSU          HTML     48K 
                activity (Details)                                               
63: R49         Commitments and Contingencies (Details)             HTML     93K 
64: R50         Income Taxes (Details)                              HTML     26K 
65: R51         Net Loss Per Share Available to Common              HTML     32K 
                Stockholders - Narrative (Details)                               
66: R52         Net Loss Per Share Available to Common              HTML     79K 
                Stockholders - Schedule of basic and diluted net                 
                income (Loss) Per Common Share (Details)                         
67: R53         Related Party Disclosures (Details)                 HTML     29K 
70: XML         IDEA XML File -- Filing Summary                      XML    120K 
68: XML         XBRL Instance -- bynd-20220402_htm                   XML   1.31M 
69: EXCEL       IDEA Workbook of Financial Reports                  XLSX     76K 
11: EX-101.CAL  XBRL Calculations -- bynd-20220402_cal               XML    184K 
12: EX-101.DEF  XBRL Definitions -- bynd-20220402_def                XML    483K 
13: EX-101.LAB  XBRL Labels -- bynd-20220402_lab                     XML   1.43M 
14: EX-101.PRE  XBRL Presentations -- bynd-20220402_pre              XML    856K 
10: EX-101.SCH  XBRL Schema -- bynd-20220402                         XSD    119K 
71: JSON        XBRL Instance as JSON Data -- MetaLinks              370±   527K 
72: ZIP         XBRL Zipped Folder -- 0001655210-22-000084-xbrl      Zip    324K 


‘EX-10.1’   —   EX-10.1 Fourth Amendment to Lease


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



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Exhibit 10.1

FOURTH LEASE AMENDMENT

    THIS FOURTH LEASE AMENDMENT (this “Amendment”) is made and entered into on March 9th, 2022, by and between Sara Maguire LeMone as Trustee of the Sara Maguire LeMone Revocable Trust dated February 6, 2004, hereinafter Landlord,” and BEYOND MEAT, INC., a Delaware corporation f/k/a Savage River, Inc., hereinafter Tenant.” Defined terms used but not defined in this Amendment have the definitions ascribed to such terms in the Lease (as defined below).
    WHEREAS, Landlord and Tenant entered into that certain Lease dated March 13, 2014 (the “Original Lease”), which was amended by (a) the Lease Amendment dated November 1, 2017 (the “First Lease Amendment”), and (b) the Second Lease Amendment dated May 6, 2019 (the “Second Lease Amendment”), and (c) the Third Lease Amendment dated March 16, 2020 (the “Third Lease Amendment”, and with the Original Lease, First Lease Amendment and Second Lease Amendment, the “Lease”) whereunder Tenant is leasing from Landlord the premises defined in the Lease as being 26,000 square feet of interior space in the building known as 1714 Commerce Court, Columbia, Missouri; and
WHEREAS, Landlord and Tenant now wish to modify the Lease by, among other things, having the Lease continue in full force and effect and extending the Lease Term, all under the provisions of this Amendment.
NOW THEREFORE, for and in consideration of the mutual agreements and covenants in this Amendment, Landlord and Tenant hereby agree as follows:
1.Extension of Lease Term. Landlord and Tenant agree that the term of the Lease shall be extended by thirty-six (36) months, commencing midnight on June 30, 2022, and ending at 11:59 p.m. on June 30, 2025 (the “Extension Term”). As used in the Lease, “Lease Term” shall be defined as the period commencing on the Commencement Date and ending on the expiration of the Extension Term.
2.Rent. Notwithstanding anything to the contrary in the Lease (including, without limitation, Paragraph 2 of the Second Amendment), commencing July 1, 2022 and for the remainder of the Extension Term, Tenant shall pay monthly rent to Landlord in the amount of Nineteen Thousand Eight Hundred Sixty-Nine and NO/100 Dollars ($19,869.00). The monthly rent shall be payable in advance by the first day of each month during the Extension Term.
3.Other Provisions. Except as set forth in this Amendment, all other terms and provisions of the Lease shall remain in full force and effect. Any inconsistency between the Lease and this Amendment shall be governed by this Amendment. This Amendment may be executed in counterparts, each of which shall be deemed an original, but all of which, together, shall constitute the same Amendment. For purposes of this Amendment, signatures by facsimile or electronic PDF shall be binding to the same extent as original signatures. Each signatory of this Amendment on behalf of Tenant and Landlord represents that he or she has the full power and authority to execute and deliver the same on behalf of the party hereto for which such signatory is acting. The headings of the paragraphs in this Amendment are for reference only and shall not affect the meaning or interpretation of this Amendment. Landlord and Tenant each acknowledges and reaffirms all of its obligations under the Lease, as the Lease has been amended by this Amendment, and agrees that any reference made in any other document to the Lease shall mean the Lease as amended by this Amendment. This Amendment may not be
1


amended except in writing signed by both Landlord and Tenant. If any provisions of this Amendment or the Lease, as amended hereby, shall be determined to be illegal or unenforceable, such determination shall not affect any other provision of the Lease or this Amendment and all such other provisions shall remain in full force and effect. Landlord and Tenant hereby acknowledge and agree this Amendment shall not be construed or interpreted against either party hereto by virtue of the identity of the preparer.
4.Binding Effect. The covenants and agreements of this Amendment shall be binding upon and inure to the benefit of the parties hereto and their heirs, executors, administrators, legal representatives, successors, and assigns.
5.Attorneys’ Fees. If a party hereto brings an action or suit against the other party hereto to enforce any provisions of this Amendment or the Lease, the prevailing party in such action or suit shall be entitled to have and recover from the other party hereto, in addition to damages, equitable or other relief, all costs and expenses of the action or suit and any appeals therefrom, including reasonable attorneys’ fees and court costs and costs of expert witnesses, and fees incurred to enforce any judgment therefrom.
6.No Broker. Each of Landlord and Tenant represent and warrant to each other that neither of them has had any dealings with any real estate broker or agent in connection with the negotiation of this Amendment. Landlord and Tenant each hereby agree to indemnify, defend and hold harmless the other against any losses, causes of action, liabilities, damages, claims, demands, costs and expenses (including reasonable attorneys’ fees and costs) incurred, or to be incurred, for any breach of the foregoing warranty by either party hereto regarding any such dealings with any real estate broker or agent.
[remainder of page intentionally left blank; signature page follows]

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IN WITNESS WHEREOF, Landlord and Tenant have executed this Amendment as of the day and year first above written.

Landlord:

/s/ Sara Maguire LeMone                
Sara Maguire LeMone as Trustee of the Sara Maguire LeMone Revocable Trust dated February 6, 2004



Tenant:
BEYOND MEAT, INC.,
a Delaware corporation


By:     /s/ Philip E. Hardin                
Name:     Philip E. Hardin            
Title:     CFO                    
SIGNATURE PAGE TO FOURTH LEASE AMENDMENT

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
6/30/25
7/1/22
6/30/22
Filed on:5/12/22
For Period end:4/2/22
3/16/20
5/6/194
11/1/17
3/13/14
2/6/04
 List all Filings 


2 Subsequent Filings that Reference this Filing

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

 3/01/24  Beyond Meat, Inc.                 10-K       12/31/23   94:11M
 3/01/23  Beyond Meat, Inc.                 10-K       12/31/22   88:11M


5 Previous Filings that this Filing References

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

 3/05/21  Beyond Meat, Inc.                 8-K:1,2,3,9 3/02/21   12:1M                                     Donnelley … Solutions/FA
 3/19/20  Beyond Meat, Inc.                 10-K       12/31/19   82:14M                                    Workiva Inc Wde… FA01/FA
 6/12/19  Beyond Meat, Inc.                 10-Q        3/30/19   61:5.9M
 3/27/19  Beyond Meat, Inc.                 S-1/A                  4:11M                                    Workiva Inc Wde… FA01/FA
11/16/18  Beyond Meat, Inc.                 S-1                   25:26M                                    Workiva Inc Wde… FA01/FA
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Filing Submission 0001655210-22-000084   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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