FIRST AMENDMENT TO SUBLEASE
THIS FIRST AMENDMENT TO SUBLEASE (this Amendment) is made as of the 18th day of June 2021, by and between INSITRO, INC., a Delaware corporation (Sublandlord) and DICE MOLECULES SV, INC., a Delaware corporation (Subtenant), with reference to the following facts and objectives:
A. ARE-SAN FRANCISCO No. 12, LLC, a Delaware limited liability company (Master Landlord), as landlord, and Sublandlord, as tenant, entered into that certain Lease Agreement, dated as of June 27, 2018, as amended by a First Amendment to Lease dated October 12, 2018 (as amended, the Master Lease), pursuant to which Master Landlord leases to Sublandlord the entire second and third floors of the building, consisting of approximately 71,594 total rentable square feet (the Premises).
B. Sublandlord, as sublandlord, and Subtenant, as subtenant, entered into that certain Sublease Agreement dated as of March 1, 2019 (the Sublease), with respect to a portion of the Premises consisting of approximately 19,532 rentable square feet of space (the Subleased Premises).
C. Sublandlord and Subtenant desire to amend the Sublease to extend the Sublease Term (as defined in the Sublease), to reduce the size of the Subleased Premises during the Extended Sublease Term (as defined below) to exclude that certain space containing approximately 1,663 square feet of area (2,816 rentable square feet) commonly known as Suite 360 (as shown on Revised Exhibit A-1 (defined below) and attached hereto, Suite 360), and to change certain other terms of the Sublease as set forth below.
NOW, THEREFORE, in consideration of good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
1. Extended Term. Subject to Paragraph 2 hereof, the Sublease Term is hereby extended for two (2) months, commencing on March 1, 2022 and expiring on April 30, 2022 (the Extended Sublease Term), upon the terms and conditions set forth in this Amendment. Base Rent for the Subleased Premises during the Extended Sublease Term shall be $97,454.28 per month, references in the Sublease to the word Sublease Term shall include the Extended Sublease Term, references in the Sublease to the word Subleased Premises during the Extended Sublease Term shall exclude Suite 360 and mean only the approximately 16,716 rentable square feet as more particularly shown as DICE areas on the attached Revised Exhibit A-1, and Subtenants Share of Operating Expenses, Subtenants Pro Rata Share and the FF&E Charges during the Extended Sublease Term shall be reduced to reflect the reduced square footage of the Subleased Premises due to the exclusion of Suite 360. Effective as of March 1, 2022, Exhibit A-1 of the Sublease shall be deleted in its entirety and replaced with the attached revised Exhibit A-1 (Revised Exhibit A-1). All other terms and conditions contained in the Sublease and this Amendment, as the same may be amended from time to time by the parties in accordance with the provisions of the Sublease, shall remain in full force and effect and shall apply during the Extended Sublease Term.
2. Surrender of Suite 360. The Extended Sublease Term shall not apply to Suite 360 and this Amendment shall not modify Subtenants obligations to surrender Suite 360 pursuant to the Sublease.