DOMINIC15.05 AMIRTHARAJ15.05 -15.05 WATERTOWN15.05 BOARD15.05 OF15.05 HEALTH15.05 CHAIR15.05 -15.05 Good15.05 evening.15.29 It's15.94 03/15/202616.1 at17.94 07:04PM.18.1 I19.45 call19.7 this19.93 meeting20.57 of20.98 the21.05 Watertown21.86 Board22.34 of22.57 health22.65 to22.89 order.23.05 The24.87 first25.11 order25.11 of25.43 business25.59 is26.39 to26.55 review26.63 the27.35 minutes27.43 from27.91 our28.71 meeting28.87 on29.19 March29.35 18.29.76 I31.67 don't31.83 have32.07 any33.03 issue33.27 with33.59 the33.83 minutes33.99 after35.03 Okay.36.58 Motion37.13 to37.61 approve37.85 the38.17 draft39.93 minutes40.25 of40.66 a40.81 meeting40.98 of41.22 03/18/2026.41.38 44.17 KIM44.17 NETTER44.17 -44.17 WATERTOWN44.17 BOARD44.17 OF44.17 HEALTH44.17 MEMBER44.17 -44.17 Second.44.17

45.53 Roll45.53 call.45.85 Dominika46.81 Murthraj.47.45 Aye.48.57

49.45 And49.45 Kim49.7 Nader.50.02

50.98 Aye.50.98

52.94 AMIRTHARAJ52.94 -52.94 Next52.94 agenda53.26 point53.66 is54.38 public54.62 comment.55.18 At55.74 this55.98 time,56.14 if56.46 any56.62 member56.86 of57.1 the57.26 public57.74 would58.3 like58.46 to58.62 speak59.82 about60.22 something60.54 pertaining60.94 to61.26 the61.42 board61.58 of61.74 health,61.9 now62.14 is62.3 your62.46 time.62.7

73.11 Okay.73.11 Dominic?74.31 Yep.75.52

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85.16 Okay.85.16 Alright.85.64

86.68 Yeah.86.68 I86.92 apologize.87

91.33 Next91.33 No91.65 worries.91.89 Sorry92.13 about92.45 that.92.69

93.17 Oh,93.17 no93.41 worries.93.56 Thanks94.05 for94.28 bringing94.53 it94.77 up.94.84 96.2 AMIRTHARAJ96.2 -96.2 We're96.2 reviewing96.45 a96.84 permanent97.01 application97.41 for98.28 LabShares98.92 on99.25 6699.56 Galen100.13 Street100.53 Someone101.17 from101.48 the102.05 LabShares102.28 present?102.28 Hey.105.99 Good106.23 evening.106.39 107.11 LINDSAY107.11 JULIEN107.11 -107.11 LABSHARES107.11 -107.11 Hi.107.11 Good107.35 evening.107.59 There's108.55 three108.79 of108.79 us108.95 on109.11 the109.27 call.109.35 So109.83 I'm110.07 Lindsay110.39 Julian.110.87 I111.19 am111.27 site111.43 director111.67 at112.07 LabShares.112.15 Also113.03 on113.27 the113.43 call113.59 is113.75 Philip113.99 Borden,114.23 our114.63 CEO,114.87 and115.27 David115.43 Baxley,115.75 our116.23 COO.116.47

118.07 Hi.118.07 Good118.31 evening.118.55 Hi.119.78 Thank120.03 you.120.27

120.83 Can120.83 I121.06 share121.31 slides?121.7 Is122.19 that122.34 for122.98 the123.22 WBSE,123.47 they124.11 had124.19 to124.34 make124.51 me124.75 a124.83 panelist.124.98 I125.55 don't125.7 know125.87 if126.03 I126.42 only126.51 have126.83 2.126.98 Yep.127.7 No.127.94 You're,128.19 you129.22 should129.54 be129.78 allowed129.94 to130.19 share130.34 slides.130.59

138.1 Okay.138.1 This138.3 works.138.5

143.38 I143.38 see143.46 them.143.7 Yep.144.18

146.46 Here.146.46

147.5 Lindsay,147.5 are147.97 you148.06 sure148.13 you're148.29 on148.46 the148.53 right148.69 slides?148.85

151.09 Oh,151.09 no.151.74 I'm152.61 on152.85 the153.01 the153.25 board153.5 of153.74 health153.81 1.153.97 Sorry.154.29 I155.09 had155.25 both155.57 up.155.9 Stop159.41 sharing.159.66

163.56 I163.56 like163.8 your164.04 graphic164.2 design.164.68

167.88 Kim,167.88 we168.12 worked168.28 very168.52 hard168.84 on169.08 that.169.16 I'm169.4 I'm169.56 I169.8 will169.88 tell170.12 our170.36 marketing170.6 team171.08 that171.32 you171.48 that171.64 you171.88 liked172.04 it,172.28 so172.6 thank172.84 you.173.08 You173.72 have173.88 no174.11 idea174.35 how174.59 much174.75 time175 goes175.24 into175.39 this.176.35

177.07 Oh,177.07 I177.31 do.177.56 I178.03 do.178.28 I180.11 was180.35 one180.59 of180.75 those180.83 marketing181.16 people.181.63 Uh-huh.182.28

183 Right.183 It's184.03

184.35 the184.35 right184.59 slide.185.07 Okay.185.56 I186.84 will187.08 share187.56 right189 now.189.16 So195.08 here195.4 we195.64 go.195.88 Apologies196.68 for197.32 that.197.56 Yes.202.02 There202.74 we202.9 go.203.06

203.69 I203.69 have203.78

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as234.78 much234.94 as235.18 we235.34 can.235.5 We235.97 have236.13 two236.29 sites236.53 currently236.85 at237.74 55237.9 Chapel238.38 Street238.69 and238.94 90239.09 Bridge239.42 Street239.9 in240.22 Newton.240.46 We241.97 are242.69 basically244.59 expanding245.15 to245.71 66246.27 Galen246.91 Street247.23 in247.47 Watertown.247.63 Phase248.35 one248.75 will249.07 be249.23 on249.47 the249.63 2nd249.71 Floor,249.95 and250.19 that's250.27 sort250.59 of250.75 opening,250.91 we'll251.39 say,251.55 now251.71 ish.251.95 We're253.15 actively253.39 getting253.95 all254.19 of254.35 our254.43 permits254.59 in254.99 place,255.15 hence255.39 this255.71 meeting.255.95 And256.35 then256.51 we256.83 have256.99 a257.23 larger257.31 expansion257.71 plan258.19 for258.51 2026.258.75 The261.56 facility261.71 is262.19 structured262.27 in262.68 a262.75 way262.83 where263.07 we263.63 have263.88 a265.07 lab265.24 and265.56 an265.71 office.265.88 266.92 Both266.92 are267.15 key267.48 carded267.71 and268.19 members268.51 gain269.15 access269.56 to269.95 the270.19 lab270.44 portion270.75 of271.31 LabShares272.44 after272.83 completing273.15 their273.48 safety273.71 training.274.12 So276.6 last276.68 week,277 we277.32 met277.56 with277.88 the278.28 Watertown278.52 biological281.96 safety282.52 committee,282.84 where283.48 we283.72 discussed284.04 our284.92 proposal285.16 for285.72 having285.88 an286.2 umbrella286.36 permit,286.84 which287.16 is287.32 similar287.48 to287.8 what287.96 we288.04 have288.2 in288.36 Newton,288.6 where289.4 we290.99 LabShares291.46 are292.5 the292.67 holder292.9 of293.31 the293.38 permit,293.63 and293.94 our294.19 member294.43 companies294.75 sort296.1 of296.35 review296.58 all297.06 of297.23 their297.38 RDNA297.63 work298.43 with299.63 us.299.94 We300.5 have300.75 an300.9 internal301.06 IBC301.46 with301.94 the302.19 company302.35 and303.42 basically303.98 grant305.02 or305.42 allow305.66 them305.9 permission306.14 to306.54 continue306.7 their307.1 research307.26 with307.82 oversight308.62 from309.18 us.309.34 Now310.38 our310.7 understanding310.94 is311.42 that311.58 is311.74 not311.9 the312.14 way312.3 things312.46 have312.7 historically312.94 been313.5 done313.66 in313.82 Watertown.313.9 And314.46 so314.7 part316.13 of316.38 the317.18 discussion317.41 we317.81 had317.89 last318.13 week318.29 with318.53 the318.69 WBSC318.85 was319.65 to319.97 allow321.74 us322.13 to322.38 sort322.53 of322.77 continue322.85 with323.33 this323.57 model323.81 with324.85 the325.18 understanding325.41 that326.06 if326.29 anything326.53 falls326.94 into327.25 a327.57 more327.81 complex,328.06 more329.73 nuanced,329.97 more330.45 specialized330.77 category332.29 of332.85 activity.334.13 334.37 We334.37 would334.37 recommend334.61 that335.09 they335.25 go335.41 directly337.01 and337.41 present337.57 to337.89 the337.97 WBSE338.13 and339.81 the339.97 details340.13 of340.69 whether341.57 that341.97 LabShare343.76 entity344.16 company344.49 would346.64 have346.88 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and460.4 Dave460.56 being460.88 so460.96 expert461.28 at461.84 doing.462.24 And463.19 the463.36 way463.51 we463.68 work463.84 with464.07 our464.24 member464.4 companies,464.72 we465.51 have465.68 25465.92 member466.4 companies466.8 today467.19 at467.6 our467.68 two467.84 Newton468.16 locations.468.56 And469.44 the469.51 way469.6 we469.75 work469.92 with470.16 them,470.24 they470.96 have471.19 a471.36 contractual471.44 relationship472.16 with472.63 us,472.8 which472.96 is473.22 a473.55 license473.87 agreement,474.2 and474.86 their475.18 lies475.51 that476.16 license476.49 typically476.82 lasts477.15 anywhere477.47 between477.8 six478.13 months478.45 and478.78 three479.11 years479.44 or479.76 so480.09 with480.42 an480.74 average481.07 probably481.4 around481.73 right482.38 around482.71 a483.03 year.483.36 That483.69 license484.02 agreement484.34 is484.67 standard485.56 across485.97 other486.76 incubators487.09 and487.88 shared488.13 labs488.37 in489.09 the489.25 area.489.4 So489.65 it's489.81 a490.05 well-known491.49 contractual492.53 relationship492.53 that493.09 we493.81 have.494.05 495.32 AMIRTHARAJ495.32 -495.32 Okay.495.32 And495.73 then495.97 so496.44 at497.32 your497.49 Newton497.88 site,498.29 you498.69 tend499.09 to499.4 have499.56 turnover500.55 of501.11 about501.35 once502.47 a502.79 year502.87 and503.19 new503.43 kinds504.31 of504.55 scientific504.63 projects505.19 happening.505.67 Is506.07 that506.23 accurate?506.63 507.75 BORDEN507.75 -507.75 No.507.75 I508.15 would508.31 say508.47 that's508.63 not508.87 that's509.11 not509.27 accurate.509.59 Our509.99 members510.39 on512.31 average512.55 stay513.03 with513.27 us.513.43 Historically,514.23 the514.54 average514.71 has514.95 been515.11 about515.26 three515.42 and515.67 a515.71 half515.75 years.515.99 That's516.23 trending516.38 now516.79 more517.02 towards517.26 four517.59 years,517.83 as518.63 companies518.87 stay519.26 longer.519.5 So,519.9 again,520.3 it's520.71 a520.87 little520.95 bit521.18 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