Document:

EX-10.12

 Exhibit 10.12 

SECOND AMENDMENT TO LEASE 

This SECOND AMENDMENT TO LEASE (“Amendment”) is made and entered into as of June 17, 2020, by and between BRITANNIA
BIOTECH GATEWAY LIMITED PARTNERSHIP, a Delaware limited partnership (“Landlord”), and SENTI BIOSCIENCES, INC., a Delaware corporation (“Tenant”). 

R E C I T A L S : 

A. Landlord and Tenant are parties to that certain Office Lease dated July 17, 2018 (the “Original Lease”), pursuant to
which Landlord leases to Tenant and Tenant leases from Landlord that certain 38,694 rentable square feet of space (the “Premises”) located on the first (1st) floor of that certain building located at Two Corporate Drive, South
San Francisco, California (the “Building”). The Original Lease, as amended by the First Amendment to Lease dated May 8, 2019, and by this Amendment, is referred to collectively as the “Lease”. 

B. Tenant has failed to pay Base Rent and Additional Rent due under the Lease prior to May 1, 2020, in the amount of $379,859.31 (the
“Past Due Rent”). 
 C. Landlord is currently holding the Irrevocable Standby Letter of Credit No. SVBSF013017 in the
amount of $497,218.70, delivered by Tenant to Landlord in accordance with the terms of the Lease (the “Letter of Credit”). 

D. Landlord and Tenant presently desire to enter into this Amendment to provide for the payment of a portion of the Past Due Rent, and to
defer payment of additional amounts of Rent due under the Lease, due to the COVID-19 situation, on the terms and conditions set forth below. 

A G R E E M E N T : 

NOW, THEREFORE, in consideration of the foregoing recitals and the mutual covenants contained herein, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 
 1.
Terms. All capitalized terms when used herein shall have the same respective meanings as are given such terms in the Lease unless expressly provided otherwise in this Amendment. 

2. Payment of April Rent. Concurrently with Tenant’s execution of this Amendment, Tenant shall pay the Base Rent and
Tenant’s Share of Direct Expenses to Landlord for April, 2020, in the amount of $264,462.32. Upon such payment, the Past Due Rent will be reduced to equal $115,396.99. Landlord acknowledges that such $115,396.99 is based on the recent
reconciliation of Direct Expenses due under the Lease, and remains subject to review and agreement by Tenant and Tenant’s right to review and audit such amounts as provided in Section 4.6 of the Lease. 

  

					
	        	  	–1–	  	

 3. Temporary Deferral of Rent. Tenant’s obligation to pay the remaining
Past Due Rent, as well as the Base Rent and Tenant’s Share of Direct Expenses owed for May, 2020 ($264,462.32), and June, 2020 ($264,462.32), shall be deferred, and repaid as further set forth in this Second Amendment. The total of such
deferred amounts, i.e., $644,321.63 (subject to adjustment as provided in Section 2, above), is referred to herein as the “Rent Deferral Amount”. Tenant acknowledges that federal, state and local governmental authorities
(including, without limitation, the United States, State of California, County of San Mateo and City of South San Francisco) may have issued orders or enacted statutes that provide certain protections to commercial tenants who can prove they are
unable to pay rent due to circumstances related to the COVID-19 virus. Tenant (i) enters into this Second Amendment voluntarily and with full knowledge of those protections and (ii) acknowledges that it is waiving those protections in
favor of the terms set forth herein. 
 4. July Rent. Tenant shall pay Rent due under the Lease for July, 2020, and all
months thereafter, in accordance with the terms of the Lease. 
 5. Repayment of Rent Deferral Amount. Tenant shall repay the
Rent Deferral Amount to Landlord, in full, on or before the earlier of (i) the date that is fifteen (15) days after any “Funding Event”, as defined in Section 8, below, and (ii) November 30, 2020.

 6. Draw of Letter of Credit; Application of Funds. Notwithstanding the terms of Section 5, above, Tenant agrees
that (i) if Tenant has not repaid the Rent Deferral Amount to Landlord in full on or before November 30, 2020, or (ii) if an Acceleration Event, as defined below, has occurred, then in either such case Landlord shall have the
irrevocable, absolute, and immediate right to: (a) draw down the Letter of Credit in full; and (b) irrevocably retain and apply any cash proceeds Landlord receives on account of such draw(s) to the Rent Deferral Amount or other amounts due
under the Lease. Such application of the Letter of Credit shall reduce the outstanding Rent Deferral Amount to $147,102.93. The Lease is hereby amended to provide that the full amount of the Letter of Credit shall be immediately due and owing by
Tenant to Landlord as set forth above, and that in such event Landlord shall have the right to immediately thereafter draw on the Letter of Credit in full. Tenant hereby: (i) waives any rights it may have to object to any draw(s) on the Letter
of Credit, agrees to fully cooperate with Landlord in connection with any draw(s) on the Letter of Credit, and agrees to execute any documents requested by either Landlord or Silicon Valley Bank in connection with such draw(s); and (ii) agrees
and acknowledges that Landlord may, in connection with any such draw(s) on the Letter of Credit, provide the following certification to Silicon Valley Bank and that such certification is true and accurate: 

  

					
	        	  	–2–	  	

 THE UNDERSIGNED HEREBY CERTIFIES THAT THE LANDLORD , EITHER (A) UNDER THE LEASE
(DEFINED BELOW), OR (B) AS A RESULT OF THE TERMINATION OF SUCH LEASE, HAS THE RIGHT TO DRAW DOWN THE AMOUNT OF USD $497,218.70 IN ACCORDANCE WITH THE TERMS OF THAT CERTAIN OFFICE LEASE DATED JULY 17, 2018, AS THE SAME MAY HAVE BEEN AMENDED FROM
TIME TO TIME (COLLECTIVELY, THE “LEASE”), OR SUCH AMOUNT CONSTITUTES DAMAGES OWING BY THE TENANT TO BENEFICIARY RESULTING FROM THE BREACH OF SUCH LEASE BY THE TENANT THEREUNDER, OR THE TERMINATION OF SUCH LEASE, AND SUCH AMOUNT REMAINS
UNPAID AT THE TIME OF THIS DRAWING. 
 7. Default by Tenant. Notwithstanding any contrary provision of the Lease, as amended
hereby, but subject to applicable law, Landlord shall have the right, at its option, to accelerate the repayment of the Rent Deferral Amount, and interest thereon, and to make the same immediately due and payable in full by Tenant (with interest at
the rate provided in Article 25 of the Lease, which interest shall accrue monthly from and after the calendar month in which each installment of the Rent Deferral Amount was originally due and owing under the Lease) and to make the same
immediately due and payable in full by Tenant (the “Accelerated Amount”), upon the occurrence of any of the following (each, an “Acceleration Event”): (i) any breach of the representations, warranties,
certifications and covenants of Tenant set forth in this Second Amendment beyond applicable notice and cure periods; (ii) any default by Tenant under the Lease, as amended hereby, beyond applicable notice and cure periods; (iii) any
assignment or attempted assignment of the Lease to any third party in violation of Article 14 of the Lease; (iv) a general assignment by Tenant or any guarantor of the Lease for the benefit of creditors, or the taking of any corporate
action in furtherance of bankruptcy or dissolution (whether or not there exists any proceeding under an insolvency or bankruptcy law), or the filing by or against Tenant or any guarantor of any proceeding under an insolvency or bankruptcy law; or
(v) the rejection, or deemed rejection, of the Lease, as amended hereby, in any insolvency or bankruptcy case or proceeding. Further, notwithstanding any contrary provision of the Lease, as amended hereby, the Rent Deferral Amount, and interest
thereon as provided above, payable hereunder shall constitute a part of the Rent payable by Tenant under the Lease. Landlord may include in any unpaid sums or amounts it seeks to recover from Tenant the aggregate Rent Deferral Amount, it being
agreed by Tenant that the Rent Deferral Amount has been granted by Landlord in consideration of Tenant not defaulting under the terms and conditions of the Lease. Tenant agrees that Landlord may include the Accelerated Amount in any statutory
notices (or notices required under the Lease), that Landlord is required to give Tenant as a condition precedent to an action for recovery of possession of the Existing Premises. 

8. Result of a Draw; Replenishment of Letter of Credit. Notwithstanding the terms of the Lease to the contrary, following the
draw upon the Letter of Credit by Landlord as set forth in Section 6, above, if an Acceleration Event has not occurred, then Tenant shall not have the obligation to deliver a replacement Letter of Credit until the later of (i) the
date that is fifteen (15) days after the occurrence of a “Funding Event” as defined below, or (ii) November 30, 2020 (the “Letter of Credit Replacement Date”). On or before the Letter of Credit Replacement
Date, or immediately following any draw of the Letter of Credit due to an Acceleration Event, Tenant shall provide Landlord with a new “L-C” as defined in Section 21.1 of the Original Lease, in the “L-C Amount” as
defined in Section 21.1 of the Original Lease (i.e., $497,218.70). Such new L-C shall comply with and be subject to all of the terms and conditions of Article 21 of the Original Lease. Tenant’s failure to provide such new L-C
on or before the Letter of Credit Replacement Date shall be a material event of default under the Lease, which shall immediately entitle Landlord to pursue all of its remedies at law, in equity or under the Lease in connection therewith. As used
herein a “Funding Event” shall mean Tenant’s receipt of new loan amounts or equity funding after the date hereof that total, in the aggregate, $5,000,000.00 or more. 

  

					
	        	  	–3–	  	

 9. Confidentiality. Tenant understands and agrees that the granting of the
concessions and agreements hereunder is highly confidential and that, except as required by law, neither Tenant nor any of its officers, directors, employees, representatives, agents and all others working for Tenant shall disclose either
(i) the fact that Landlord has granted any such concessions and agreements to Tenant, in any form, and/or (ii) the type or amount of such concessions and agreements (hereinafter, the “Confidential Information”).
Notwithstanding anything to the contrary set forth in this Section 9, Tenant may disclose the Confidential Information to its financial advisors and accountants for the purpose of preparing tax returns or other governmentally required
information documents; provided that Tenant informs such recipients of the confidential nature of such Confidential Information and takes responsibility for such persons or entities not disclosing such Confidential Information to any other person or
entity, other than those governmental entities that such persons or entities are required to disclose to. 
 10. Tenant’s
Estoppel. Tenant hereby represents, warrants, certifies and acknowledges that, as of the date of the mutual execution of this Amendment, (i) Tenant has had the opportunity to be represented by independent counsel of its own choosing,
(ii) the individual executing this Amendment on behalf of Tenant has been duly authorized to act on behalf of Tenant, (iii) to its knowledge, Landlord is not in default in any respect under the Lease; (iv) to its knowledge, Tenant
does not have any defenses to its obligations under the Lease; (v) there are no offsets against Rent; and (vi) Landlord has completed all improvements and paid all allowances required to be constructed or paid by Landlord in accordance
with the terms of the Lease. Tenant acknowledges and agrees that: (a) the representations herein set forth constitute a material consideration to Landlord in entering into this Amendment; (b) such representations are being made by Tenant
for purposes of inducing Landlord to enter into this Amendment; and (c) Landlord is relying on such representations in entering into this Amendment. 

  

					
	        	  	–4–	  	

 11. Release and Waiver of Claims. As a material inducement to cause Landlord
to agree to the concessions and agreements as provided herein, Tenant hereby releases Landlord from, and hereby waives, any and all losses, costs, damages, expenses, liabilities, claims and causes of action arising from or related to Tenant’s
inability or limitation to conduct operations from the Premises as a result of the COVID 19 situation, including, without limitation, any claims for, and/or rights of, termination of the Lease and/or abatement, offset and/or deferral of rent under
the Lease, at law and/or in equity related to the inability of Tenant to conduct operations from the Premises as a result of the COVID 19 situation and any related “shelter in place”, eviction moratoria or similar governmental directives
related thereto (collectively, the “Released Claims”). With respect to the Released Claims, Tenant acknowledges that Tenant has either been advised by legal counsel or has made itself familiar with the provisions of California Civil
Code section 1542, which provides as follows: A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS THAT THE CREDITOR OR RELEASING PARTY DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE AND THAT, IF KNOWN BY HIM OR
HER, WOULD HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR OR RELEASED PARTY. Tenant, being aware of the foregoing code section, hereby expressly waives any rights Tenant may have thereunder, as well as under any other statutes or
common-law principles of similar effect, pertaining to the Released Claims. Notwithstanding the foregoing, except in connection with an Acceleration Event or Tenant’s failure to repay the Rent Deferral Amount as required by the terms of this
Amendment, Tenant shall not be in default or otherwise in breach of the Lease with respect to the Rent Deferral Amount, and Landlord waives any right to claim that Tenant’s initial failure to pay the Rent Deferral Amount is a continuing breach
of the Lease. 
 12. Miscellaneous. Whenever possible, each provision or portion of any provision of this Amendment will be
interpreted in such manner as to be effective and valid under applicable law, but if any provision or portion of any provision of this Amendment is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any
jurisdiction, such invalidity, illegality or unenforceability will not affect any other provision or portion of any provision in such jurisdiction and this Amendment. This Amendment, together with the Lease, constitute the entire agreement between
Landlord and Tenant regarding the matters set forth herein or therein, and supersedes any and all prior and/or contemporaneous oral or written negotiations, agreements or understandings. In the event of any conflict between the terms and conditions
of the Lease and the terms and conditions of this Amendment, the terms and conditions of this Amendment shall prevail. Except as specifically set forth in this Amendment, all of the terms and conditions of the Lease are and shall remain in full
force and effect. This Amendment may be executed in counterparts with the same effect as if both parties hereto had executed the same document. Both counterparts shall be construed together and shall constitute a single instrument. Further, each of
the parties to this Amendment (i) has agreed to permit the use from time to time, where appropriate, of telecopy or other electronic signatures (including, without limitation, DocuSign) in order to expedite the transaction contemplated by this
Amendment, (ii) intends to be bound by its respective telecopy or other electronic signature, (iii) is aware that the other will rely on such telecopied or other electronically transmitted signature, and (iv) acknowledges such
reliance and waives any defenses to the enforcement of this Amendment and the documents affecting the transaction contemplated by this Agreement based on the fact that a signature was sent by telecopy or electronic transmission only. Submission of
this Amendment by Landlord is not an offer to enter into this Amendment but rather is a solicitation for such an offer by Tenant. Neither party shall be bound by this Amendment until this Amendment has been fully executed and delivered. Time is of
the essence of this Amendment and the provisions contained herein. 

  

					
	        	  	–5–	  	

 13. No Further Modification. Except as specifically set forth in this
Amendment, all of the terms and provisions of the Lease shall remain unmodified and in full force and effect. 
 [signatures contained on
following page] 

  

					
	        	  	–6–	  	

 IN WITNESS WHEREOF, this amendment has been executed as of the day and year first above
written. 
  

											
	LANDLORD:	  		  	TENANT:
			
	BRITANNIA BIOTECH GATEWAY	  		  	SENTI BIOSCIENCES, INC.,
	LIMITED PARTNERSHIP,	  		  	A Delaware corporation
	A Delaware limited partnership	  		  		  	
					
	By:	  	HCP Biotech Gateway Incorporated,	  		  	By:	  	 /s/ Curt Herberts

		  	Its General Partner	  	            	  		  	
		  		  		  		  		  	Curt Herberts
		  	By:	  	 /s/ Scott Bohn
	  		  		  	  
 Print
Name

		  	Name:	  	Scott Bohn	  		  		  	
		  	Its:	  	Senior Vice President	  		  	Its:	  	CFO and CBO

  

					
	        	  	–7–EX-10.13

 Exhibit 10.13 

CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY [***], HAS BEEN OMITTED BECAUSE IT IS BOTH (I) NOT
MATERIAL AND (II) IS THE TYPE THAT SENTI BIOSCIENCES, INC. TREATS AS PRIVATE OR CONFIDENTIAL. 
 RESEARCH AND
DEVELOPMENT 
 AND LABORATORY 

LEASE AGREEMENT 

BETWEEN 
 1430 HARBOR
BAY PKWY LLC 
 AS LANDLORD 

AND 
 SENTI BIOSCIENCES,
INC. 
 AS TENANT 

DATED 
 JUNE 3, 2021

  

 TABLE OF CONTENTS 

 

									
	 1.
	  	Definitions and Basic Provisions	  	 	6	
			
	 2.
	  	Lease Grant	  	 	7	
			
	 3.
	  	Tender of Possession	  	 	7	
				
		  	(a)	  	Estimated Delivery Date; Delay in Delivery	  	 	7	
				
		  	(b)	  	Landlord Delay	  	 	7	
				
		  	(c)	  	Confirmation Letter	  	 	7	
				
		  	(d)	  	Premises “AS-IS”	  	 	8	
			
	 4.
	  	Rent	  	 	8	
			
	 5.
	  	Delinquent Payment; Handling Charges	  	 	10	
			
	 6.
	  	Letter of Credit	  	 	10	
				
		  	(a)	  	Generally	  	 	10	
				
		  	(b)	  	Drawing under Letter of Credit	  	 	11	
				
		  	(c)	  	Use of Proceeds by Landlord	  	 	12	
				
		  	(d)	  	Additional Covenants of Tenant	  	 	12	
				
		  	(e)	  	Nature of Letter of Credit	  	 	13	
				
		  	(f)	  	Reduction in Letter of Credit Amount	  	 	13	
			
	 7.
	  	Services; Utilities; Common Areas	  	 	13	
				
		  	(a)	  	Services	  	 	13	
				
		  	(b)	  	Utilities	  	 	14	
				
		  	(c)	  	Common Areas	  	 	14	
			
	 8.
	  	Alterations; Repairs; Maintenance; Signs	  	 	15	
				
		  	(a)	  	Alterations	  	 	15	
				
		  	(b)	  	Repairs; Maintenance	  	 	17	
				
		  	(c)	  	Mechanic’s Liens	  	 	19	
				
		  	(d)	  	Signs	  	 	20	
				
	 9.
	  	Use	  		  	 	21	
			
	 10.
	  	Assignment and Subletting	  	 	22	
				
		  	(a)	  	Transfers	  	 	22	
				
		  	(b)	  	Consent Standards	  	 	22	
				
		  	(c)	  	Request for Consent	  	 	22	
				
		  	(d)	  	Conditions to Consent	  	 	23	

  
 i 

									
		  	(e)	  	Attornment by Subtenants	  	 	23	
				
		  	(f)	  	Cancellation	  	 	24	
				
		  	(g)	  	Additional Compensation	  	 	24	
				
		  	(h)	  	Waiver	  	 	24	
				
		  	(i)	  	Permitted Transfer	  	 	24	
			
	 11.
	  	Insurance; Waivers; Subrogation; Indemnity	  	 	25	
				
		  	(a)	  	Tenant’s Insurance	  	 	25	
				
		  	(b)	  	Landlord’s Insurance	  	 	27	
				
		  	(c)	  	Waiver of Subrogation	  	 	28	
				
		  	(d)	  	Indemnity	  	 	28	
			
	 12.
	  	Subordination; Attornment; Notice to Landlord’s Mortgagee	  	 	29	
				
		  	(a)	  	Subordination	  	 	29	
				
		  	(b)	  	Attornment	  	 	29	
				
		  	(c)	  	Notice to Landlord’s Mortgagee	  	 	29	
				
		  	(d)	  	Landlord’s Mortgagee’s Protection Provisions	  	 	29	
				
		  	(e)	  	SNDA	  	 	30	
			
	 13.
	  	Rules and Regulations	  	 	30	
			
	 14.
	  	Condemnation	  	 	30	
				
		  	(a)	  	Total Taking	  	 	30	
				
		  	(b)	  	Partial Taking - Tenant’s Rights	  	 	30	
				
		  	(c)	  	Partial Taking - Landlord’s Rights	  	 	30	
				
		  	(d)	  	Award	  	 	31	
				
		  	(e)	  	Repair	  	 	31	
				
		  	(f)	  	Waiver	  	 	31	
			
	 15.
	  	Fire or Other Casualty	  	 	31	
				
		  	(a)	  	Repair Estimate	  	 	31	
				
		  	(b)	  	Tenant’s Rights	  	 	31	
				
		  	(c)	  	Landlord’s Rights	  	 	31	
				
		  	(d)	  	Repair Obligation	  	 	32	
				
		  	(e)	  	Abatement of Rent	  	 	32	
				
		  	(f)	  	Waiver	  	 	32	
			
	 16.
	  	Other Taxes Payable by Tenant	  	 	32	

  
 ii 

									
	 17.
	  	Events of Default	  	 	33	
				
		  	(a)	  	Payment Default	  	 	33	
				
		  	(b)	  	Abandonment	  	 	33	
				
		  	(c)	  	Estoppel/Financial Statement/Commencement Date Letter	  	 	33	
				
		  	(d)	  	Insurance	  	 	33	
				
		  	(e)	  	Mechanic’s Liens	  	 	33	
				
		  	(f)	  	Other Defaults	  	 	33	
				
		  	(g)	  	Insolvency	  	 	33	
			
	 18.
	  	Remedies	  	 	34	
				
		  	(a)	  	Termination of Lease	  	 	34	
				
		  	(b)	  	Termination of Possession	  	 	34	
				
		  	(c)	  	Continue Lease in Effect	  	 	35	
				
		  	(d)	  	Perform Acts on Behalf of Tenant	  	 	35	
				
		  	(e)	  	Alteration of Locks	  	 	35	
				
		  	(f)	  	Attorneys’ Fees	  	 	35	
			
	 19.
	  	Payment by Tenant; Non-Waiver; Cumulative Remedies	  	 	36	
				
		  	(a)	  	Payment by Tenant	  	 	36	
				
		  	(b)	  	No Waiver	  	 	36	
				
		  	(c)	  	Cumulative Remedies	  	 	36	
				
		  	(d)	  	No Designation	  	 	36	
				
		  	(e)	  	No Counterclaims	  	 	36	
			
	 20.
	  	Landlord’s Lien	  	 	37	
			
	 21.
	  	Surrender of Premises	  	 	37	
			
	 22.
	  	Holding Over	  	 	38	
			
	 23.
	  	Certain Rights Reserved by Landlord	  	 	38	
				
		  	(a)	  	Building Operations	  	 	38	
				
		  	(b)	  	Access Control	  	 	38	
				
		  	(c)	  	Repairs and Maintenance	  	 	39	
				
		  	(d)	  	Prospective Purchasers and Lenders	  	 	39	
				
		  	(e)	  	Prospective Tenants	  	 	39	
				
		  	(f)	  	Premises Access	  	 	39	
			
	 24.
	  	Hazardous Materials	  	 	39	

  
 iii 

									
	 25.
	  	Miscellaneous	  	 	40	
				
		  	(a)	  	Landlord Transfer	  	 	40	
				
		  	(b)	  	Landlord’s Liability	  	 	40	
				
		  	(c)	  	Force Majeure	  	 	40	
				
		  	(d)	  	Brokerage	  	 	40	
				
		  	(e)	  	Estoppel Certificates	  	 	40	
				
		  	(f)	  	Notices	  	 	41	
				
		  	(g)	  	Separability	  	 	41	
				
		  	(h)	  	Amendments; Binding Effect	  	 	41	
				
		  	(i)	  	Quiet Enjoyment	  	 	41	
				
		  	(j)	  	No Merger	  	 	41	
				
		  	(k)	  	No Offer	  	 	41	
				
		  	(l)	  	Entire Agreement	  	 	41	
				
		  	(m)	  	Waiver of Jury Trial	  	 	42	
				
		  	(n)	  	Governing Law	  	 	42	
				
		  	(o)	  	Recording	  	 	42	
				
		  	(p)	  	Joint and Several Liability	  	 	42	
				
		  	(q)	  	Financial Reports	  	 	42	
				
		  	(r)	  	Landlord’s Fees	  	 	43	
				
		  	(s)	  	Telecommunications	  	 	43	
				
		  	(t)	  	Representations and Warranties	  	 	43	
				
		  	(u)	  	Confidentiality	  	 	44	
				
		  	(v)	  	Authority	  	 	44	
				
		  	(w)	  	Adjacent Excavation	  	 	44	
				
		  	(x)	  	On-Site Refueling	  	 	44	
				
		  	(y)	  	List of Exhibits	  	 	46	
				
		  	(z)	  	Disclaimer	  	 	46	
				
		  	(aa)	  	Counterparts; Electronic Signatures	  	 	46	

  

  
 iv 

 BASIC LEASE INFORMATION 

This Basic Lease Information is attached to and incorporated by reference to the Lease between Landlord and Tenant, as defined below. 

 

			
	Lease Date:	  	June 3, 2021
		
	Landlord:	  	1430 HARBOR BAY PKWY LLC, a Delaware limited liability company
		
	Tenant:	  	SENTI BIOSCIENCES, INC., a Delaware corporation
		
	Premises:	  	 91,910 rentable square feet (“RSF”) (measured in accordance with the latest applicable BOMA standard of measurement
of floor area, provided, however, that Landlord may from time to time remeasure the Premises and/or the Building in accordance with the latest applicable BOMA standard of measurement of floor area, as reasonably determined by Landlord; provided
further, however, that any such re-measurement shall not affect Tenant’s Proportionate Share or the amount of Base Rent payable for, or the amount of any tenant allowance applicable to), consisting of the
entire rentable area of the building commonly known as 1430 Harbor Bay Parkway, Alameda, CA (the “Building”). The Premises is outlined on the plan attached to the Lease as Exhibit A. The land on which the Building is
located (the “Land”) is described on Exhibit B. The term “Project” shall collectively refer to the Building, the Land and the driveways, associated parking facilities (the “Parking
Area”), and similar improvements and easements associated with the foregoing or the operation thereof. The term “Complex” shall collectively refer to the Project and any other buildings and land which comprise a
multi-building Complex owned by Landlord and/or any Affiliate(s) thereof, from time to time, in the master planned business park known as the Harbor Bay Business Park (“Business Park”).

 
 As of the Lease Date, the Complex is comprised of the following buildings and land in
the Business Park: (i) the Building (1430 Harbor Bay Parkway), (ii) 1410 Harbor Bay Parkway, (iii) 1995 North Loop Road, (iv) 2065 North Loop Road, (v) 2095 North Loop Road, and (vi) 2115 North Loop Road.

 
 Landlord and Tenant anticipate delivery of possession of the Premises in two
(2) phases. As part of the Tenant Improvements (as hereinafter defined), Tenant will initially demise the Building so that the Premises contains approximately 45,955 RSF (the “Phase I Premises”). The remainder of the
Building, containing approximately 45,955 RSF, comprises the “Phase II Premises”.
  

Each of the Phase I Premises and the Phase II Premises is also sometimes generally referred to in the Lease as a “Phase” of the
Premises.

  
 1 

			
	Term:	  	Approximately one hundred twenty-three (123) months, commencing on the Commencement Date and ending at 5:00 p.m. local time on the last day of the one hundred twentieth (120th) full calendar month following the Phase II
Premises Commencement Date (as hereinafter defined), subject to adjustment and earlier termination as provided in the Lease.
		
	Commencement Date:	  	The earlier to occur of: (a) the date on which the Tenant Improvements in the Phase I Premises are substantially completed and Tenant receives a certificate of occupancy for the Phase I Premises (or, if applicable, a temporary
certificate of occupancy for the Phase I Premises); and (b) July 15, 2022 (the “Outside Commencement Date”). Tenant shall not be permitted to commence business operations in any portion of the Phase I Premises prior
to issuance of a certificate of occupancy (or temporary certificate of occupancy) for the Phase I Premises.
		
	Phase II Premises Commencement Date:	  	September 1, 2022.
		
	Base Rent:	  	Base Rent shall be the following amounts for the following periods of time:

  

									
	Lease Month	  	 Annual Base Rent

Rate Per Rentable
 Square
Foot
	 	  	Monthly Base Rent	 
	 1 - 12
	  	$	45.00	 	  	$	344,662.50	 
	 13 - 24
	  	$	46.35	 	  	$	355,002.38	 
	 25 - 36
	  	$	47.74	 	  	$	365,652.45	 
	 37 - 48
	  	$	49.17	 	  	$	376,622.02	 
	 49 - 60
	  	$	50.65	 	  	$	387,920.68	 
	 61 - 72
	  	$	52.17	 	  	$	399,558.30	 
	 73 - 84
	  	$	53.73	 	  	$	411,545.05	 
	 85 - 96
	  	$	55.34	 	  	$	423,891.40	 
	 97 - 108
	  	$	57.00	 	  	$	436,608.14	 
	 109 - 120
	  	$	58.71	 	  	$	449,706.39	 
	 121 - Expiration Date
	  	$	60.48	 	  	$	463,197.58	 

  
 2 

			
		  	 As used herein, the term “Lease Month” shall mean each calendar month during the Term (and if the Commencement Date
does not occur on the first (1st) day of a calendar month, the period from the Commencement Date to the first (1st) day of the next calendar
month shall be included in the first (1st) Lease Month for purposes of determining the duration of the Term and the monthly Base Rent rate applicable for such partial month).

 
 The Base Rent table set forth above is computed for all of the Premises (i.e., the Phase
I Premises and Phase II Premises). From the Commencement Date through the date immediately preceding the Phase II Premises Commencement Date, Tenant shall pay the Base Rent payable solely with respect to the Phase I Premises (“Phase I
Premises Base Rent”). The Phase I Premises Base Rent will be calculated by multiplying the applicable monthly Base Rent set forth in the above table by 0.5 (i.e., 50%) (the “Phase I Premises Rent Factor”). The
Phase I Premises Rent Factor is a reasonable approximation of the ratio that the RSF of the Phase I Premises bears to the RSF of the entire Premises, which has been agreed to by the parties and will not be subject to adjustment based on whether the
Phase I Premises actually contains more or less than 45,955 RSF. From and after the Phase II Premises Commencement Date, Tenant shall pay Base Rent for all of the Premises as set forth in the Base Rent table.

 
 Phase I Premises Base Rent and the Base Rent payable solely with respect to the Phase II
Premises (“Phase II Premises Base Rent”) are subject to abatement as set forth in Section 4 below.

		
	Security Deposit:	  	$2,760,000.00 (Letter of Credit), subject to the accrual and burndown provisions set forth in Section 6 of this Lease.
		
	Rent:	  	Base Rent, Additional Rent, Taxes, and Insurance (each as defined in Exhibit C hereto), and all other sums that Tenant may owe to Landlord or otherwise be required to pay under the Lease.
		
	Tenant Improvements:	  	See Work Agreement - Exhibit D.
		
	Tenant Improvement Allowance:	  	$190 per RSF; total amount of $17,462,900.00 (See Work Agreement - Exhibit D).
		
	Permitted Use:	  	Research and development, clinical cGMP manufacturing, warehousing, laboratories and production, and all other legally permissible uses incidental thereto, and for no other purpose whatsoever. See Exhibit E.

  
 3 

					
	Tenant’s Proportionate Share:	  	 100%, which is the percentage obtained by dividing (a) the number of RSF in the Premises as stated above by (b) the RSF
in the Building, which at the time of execution of the Lease is 91,910 RSF. Landlord and Tenant stipulate that the number of RSF in the Premises and in the Building set forth above is conclusive as to the square footage in existence on the Lease
Date and shall be binding upon them through the Term.
  
 The foregoing notwithstanding,
from the Commencement Date through the date immediately preceding the Phase II Premises Commencement Date, Tenant’s Proportionate Share will be 50% (“Tenant’s Proportionate Share for the Phase I Premises”),
which is Tenant’s Proportionate Share multiplied by the Phase I Premises Rent Factor.

		
	Initial Liability Insurance Amount:	  	$5,000,000
		
	Parking Spaces:	  	221 parking spaces, which constitute all of the parking spaces in the Parking Area, subject to such terms, conditions and regulations as may be required by Landlord from time to time, at no charge to Tenant through the
term of the Lease.
		
	Broker/Agent:	  	 For Tenant: T3 Advisors
  

For Landlord: CBRE, Inc.

			
	Tenant’s Address:	  	 Prior to Commencement Date:
  

Senti Biosciences, Inc.
 Two Corporate Drive

South San Francisco, CA 94080
 Attention: Facilities Manager

Telephone: (650) 491-9644
	  	 Following Commencement Date:
  

Senti Biosciences, Inc.
 Two Corporate Drive

South San Francisco, CA 94080
 Attention: Facilities Manager

Telephone: (650) 491-9644
  

With a copy to:
  

Cooley LLP
 101 California Street, 5th Floor
 San Francisco, CA, 94111

Attention: Rachel Antoinette Boyce

			
	Landlord’s Address:	  	 For all Notices:
  

CBRE, Inc.
 150 California Street, Suite 400

San Francisco, CA 94111
 Attn: Tawni Sullivan

Email: Tawni.sullivan@cbre.com
	  	 With a copy to:
  

1430 Harbor Bay Pkwy LLC
 c/o Invesco Real Estate

2001 Ross Avenue, Suite 3400
 Dallas, TX 75201

Attention: North South Loop Asset Manager
 Telephone:(415) 445-3341

  
 4 

					
		  		  	 and a copy to:
  

Shartsis Friese LLP
 One Maritime Plaza, 18th Floor

San Francisco, CA 94111
 Attention: Scott Schneider

 The foregoing Basic Lease Information is incorporated into and made a part of the Lease identified above. If any conflict
exists between any Basic Lease Information and the Lease, then the Lease shall control. 
  

									
	LANDLORD:	 	                                      
                                      	 	 1430 HARBOR BAY PKWY LLC,
 a
Delaware limited liability company

				
		 		 	By:	 	/s/ Kevin Pirozzoli                               
            
		 		 	Name:	 	Kevin Pirozzoli
		 		 	Title:	 	Vice President
			
	TENANT:	 		 	 SENTI BIOSCIENCES, INC.,
 a
Delaware corporation

				
		 		 	By:	 	/s/ Philip Lee    /s/ Deborah Knobelman          
		 		 	Name:	 	Philip Lee         Deborah Knoebelman
		 		 	Title:	 	CTO                 CFO

  
 5

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