Exhibit 10.3
SECOND AMENDMENT TO SUBLEASE AGREEMENT
THIS SECOND AMENDMENT TO SUBLEASE AGREEMENT (this “Amendment”) is made as of May 11, 2022, by and between Surface Oncology, Inc., a Delaware corporation (“Sublessor”), and EQRx International, Inc. (formerly known as EQRx, Inc.), a Delaware Corporation (“Sublessee”).
RECITALS
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows:
Promptly after the occurrence of the Effective Date, Sublessor and Sublessee shall confirm the Effective Date in writing.
Sublease of Subleased Premises. The clause “Expiration Date” in Section 1 is hereby deleted and hereby replaced with the following:
Sublease Extension Expiration Date (as defined below)
Term.Section 2 of the Sublease shall be amended by deleting “the date that is thirty-six (36) full calendar months after the Commencement Date (the “Expiration Date”), unless sooner terminated as set forth herein” and inserting in place thereof the following:
July 31, 2024 (the “Sublease Extension Expiration Date”), unless sooner terminated or extended as set forth herein
Base Rent. Paragraph (a) of Section 4 of the Sublease shall be amended by deleting such paragraph (a) in its entirety inserting in place thereof the following:
| Monthly | Annual Base Rent |
Commencement Date through date that is one (1) month after the Commencement Date | $0 | N/A |
Rent Commencement Date – the date that is 12 full calendar months thereafter | $210,953.29 | $2,531,439.50 |
| | |
| | |
February 1, 2023-March 31, 2023 | $202,850.45 | N/A |
April 1, 2023-March 31, 2024 | $205,644.53 | N/A |
April 1, 2024-July 31, 2024 | $208,438.62 | N/A |
August 1, 2024-January 31, 2025 (“Extension Option”) | $208,438.62 | N/A |
Right to Cure Defaults. The clause “Expiration Date” in Section 17 is hereby deleted and hereby replaced with the following:
Sublease Extension Expiration Date
4. | Miscellaneous. |
2
(Signatures on following page.)
3
IN WITNESS WHEREOF, Sublessor and Sublessee have duly executed this Second Amendment as an instrument under seal, as of the day and year first above written.
SUBLESSOR:
Name: Melanie Nallicheri
Title: President & CEO
4