Amendment No. 2 to the Lease Agreement dated April 15, 2015, by and among Rigetti, Temescal, LP and Contra Costa Industrial Park, Ltd
Exhibit 10.26
AMENDMENT NO. 2
TO
STANDARD INDUSTRIAL/COMMERCIAL MULTI-TENANT LEASE-GROSS
This Amendment No. 2 to Standard Industrial/Commercial Multi-Tenant Lease – Gross (this “Amendment No. 2”) is entered into as of March 29, 2018, by and between Temescal, LP, a California limited partnership and Contra Costa Industrial Park, 11, a California limited partnership (collectively, “Lessor”) and Rigetti & Co., Inc., a Delaware corporation (“Lessee”) and amends that certain Standard Industrial/ Commercial Multi-Tenant Lease – Gross, dated as of April 15, 2015, as amended by that certain Amendment No. 1 thereto, dated as of May 11, 2017 (collectively, the “Lease”). All capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed to them in the Lease.
RECITAL
Lessor and Lessee desires to extend the term of the Lease to October 31, 2022, set the Base Rent applicable as of August 1, 2018, and provide for certain additional space (for a backup generator) and make other changes relative to Lessee’s need to procure additional electric service, all as set forth in detail herein.
AGREEMENT
For good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the Lease is hereby amended as follows:
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earthquake retrofit work to the Premises, then Lessee may, at Lessee's sole expense, elect to arrange for such work, the scope and design of which work, however, shall be subject to Lessor's advance, written consent, which consent shall not be unreasonably withheld, conditioned or delayed. Any such work shall be undertaken in accordance with all applicable law, including permit requirements. Such structural upgrades shall not be required to be removed or restored at the end of the Lease. Lessor also expressly consents to the replacement of the north facing windows and the addition of a roll up door to the east side of the Building (both at Lessee's expense, as and if desired by Lessee).
IN WITNESS WHEREOF, the parties have executed this Amendment No. 2 effective as of the date first above written.
LESSOR: |
| LESSEE: | ||||
| | | ||||
TEMESCAL, L.P. | | Rigetti & Co., Inc., | ||||
A California limited partnership | | a Delaware corporation | ||||
| | | ||||
By: | Libitzky Development Corp., | | /s/ Chad Rigetti | |||
| a California corporation | | By: | Chad Rigetti | ||
| Its: General Partner | | Its: | CEO | ||
| | | | | ||
| /s/ Moses S. Libitzky | | | | ||
| By: | Moses S. Libitzky | | | | |
| Its: | President | | | | |
| | | ||||
CONTRA COSTA INDUSTRIAL | | | ||||
PARK, Ltd., a California limited partnership | | | ||||
| | | ||||
By: | Ziegler Development Corp., | | | |||
| a California corporation, its | | | |||
| General Partner | | | |||
| | | | |||
| /s/ Michael H. Ziegler | | | |||
| By: | Michael H. Ziegler | | | ||
| Its: | President | | |
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ICR
Electrical Contractors, Inc.
| | March 22, 2018 | |
RIGETTI COMPUTING | | | |
775 Heinz Ave. – Berkeley CA | | | |
POWER DISTRIBUTION & STANDBY SUPPORT EQUIPMENT | |||
Equipment Description | Manufacturer | Model ID Number | Qty. |
2000A 480V 3ph 3w Utility Power Cable Transition Section | EATON Corporation | Quotation No. SF810213X8K4 | Lot |
1000A 480V 3ph 3w Utility Metering & Main Breaker Section | EATON Corporation | Quotation No. SF810213X8K4 | Lot |
1000A 480V 3ph 3w Breaker Distribution Panelboard | EATON Corporation | Quotation No. SF810213X8K4 | Lot |
Dist. Breakers Installed: 1-3pole 600A, 1- 3pole 125A, 6- 3pole 80A, | | | |
1200A 120/208V 3ph 4w Breaker Distribution Panelboard | EATON Corporation | Quotation No. SF810213X8K4 | Lot |
Sub-Dist. Breakers Installed; 20-3pole 80A, 4- 3pole 40A, 1- 3polo 20A, | | | |
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500 KVA Transformer 480V 3ph - 208Y/120V 3ph 4w N1 Indoor | EATON Corporation | MV48M28T55CU | Lot |
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500 KVA UPS 480V 3ph 3w Sidecar Direct Cable Configuration | MITSUBISHI | 9900B 500KVA UPS – 3605 Ibs. | 1 |
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700 ekW 875 kVA Diesel Engine Powered Generator Set | CATERPILLAR | 700ekW 875KVA 3412C TA | 1 |
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DIESEL GENERATOR SET |
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