Item 1.01 Entry into a Material Definitive Agreement.
South San Francisco Lease Amendment
On September 30, 2019, IDEAYA Biosciences, Inc. (the “Company”) entered into a Second Amendment (the “Lease Amendment”) to the Company’s lease (the “South San Francisco Lease”) withARE-SAN FRANCISCO NO. 17, LLC (the “Lessor”) relating to space leased by the Company at its corporate headquarters located at 7000 Shoreline Court, Suite 350, South San Francisco, California 94080. The Lease Amendment expands the square footage leased by the Company pursuant to the South San Francisco Lease by an additional approximately 5,500 square feet (the “Expansion Premises”), subject to the Company’s right to terminate the lease of approximately 4,500 square feet of the Expansion Premises prior to February 1, 2020 concurrent with the payment of an early termination fee, on the terms and subject to the conditions set forth therein.
The foregoing is only a summary description of the terms of the Lease Amendment, does not purpose to be complete and is qualified in its entirety by reference to the Lease Amendment, which will be filed as an exhibit to the Company’s Quarterly Report on Form10-Q for the quarterly period ended September 30, 2019.
Item 8.01 Other Events.
San Diego Lease Termination
Concurrent with the execution of the Lease Amendment, and in consideration of the Company’s plans to relocate certain of its target identification and validation operations from San Diego to its facilities in South San Francisco, the Company entered into a termination agreement withARE-SD-Region No. 35, LLC, an affiliate of the Lessor, with respect to the Company’s existing lease at 3033 Science Park Road, San Diego, California 92121 (the “San Diego Lease”), pursuant to which the San Diego Lease was terminated on September 30, 2019.