Document:

GA
SUBLEASE

 

SUBLEASE

 

	1.	PARTIES.

 

This
Sublease, dated as of March 9, 2018 (this “Sublease”) is made between Vividion Therapeutics, Inc., a Delaware corporation
(“Sublessor”), and ONCOSEC MEDICAL INCORPORATED, a Nevada corporation (“Sublessee”).

 

	2.	MASTER
LEASE.

 

Sublessor
is the lessee under that certain Lease Agreement dated February 22, 2017 (the “Master Lease”) attached as Exhibit
‘C’, wherein ARE-3535/3565 GENERAL ATOMICS COURT, LLC (“Lessor”) leased to Sublessor certain premises
containing approximately 12,442 rentable square feet (the “Premises”), depicted on Exhibit ‘A-1’ hereto,
in a building located in the City of San Diego, San Diego County, State of California, described as: 3565 General Atomics Court,
San Diego, California, 92121 (the “Building”). All capitalized terms not otherwise defined herein shall have the respective
meanings ascribed thereto pursuant to the Master Lease.

 

	3.	PREMISES.

 

	 	(A)	Sublessor
    hereby subleases the entire Premises to Sublessee, commencing upon the Commencement Date (as defined below), on the terms
    and conditions set forth in this Sublease. Sublessee’s rights hereunder shall include shared use of the Common Areas
    (as defined in, and subject to the terms of, the Master Lease). Subject to the terms of Article 41 of the Master Lease and
    the consent of Lessor, Sublessee’s employees will have the right to use and access the Amenities located in The Alexandria.
	 	 	 
	 	(B)	Sublessor
    shall have the right, following the Commencement Date, to temporarily occupy a portion of the Premises for its exclusive use
    as shown in Exhibit ‘A-2’ (“Temporary Premises”), and shall have the right to shared use of the remainder
    of the Premises from the Commencement Date until completion of certain Sublessor’s improvements (the “Phase 2
    Work”) in its relocation space at the NR Premises (as defined below), which Sublessor shall exercise good faith efforts
    to complete not later than one hundred eighty (180) days following the Commencement Date (“Temporary Occupancy Period”).
    Sublessee and Sublessor shall use commercially reasonable efforts to respect each other’s privacy and work cooperatively
    during the Temporary Occupancy Period. Prior to the end of the Temporary Occupancy Period, Sublessor will remove its hazardous
    materials from the Temporary Premises and shall provide a report from an environmental health & safety company confirming
    that the Temporary Premises are free of any residual Hazardous Materials resulting from Sublessor’s use and occupancy
    of the Temporary Premises.

 

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	 	(C)	Sublessee
    has executed a separate confidentiality and non-disclosure agreement contemporaneously with the Commencement Date.

 

	4.	BUILDING
CONDITION; ALTERATIONS.

 

Sublessor
hereby assures Sublessee that all mechanical, electrical, HVAC and plumbing systems will be in good working order and condition
as of the Commencement Date, failing which Sublessor shall be responsible for rectifying the same at Sublessor’s cost. Sublessee
will have use of all existing infrastructure, including HVAC, water, gas, power, emergency generators and other equipment unique
to the Building which has been designed to support the Premises to the extent provided by the Master Lease and subject to the
terms and conditions thereof.

 

Sublessee,
at Sublessee’s sole expense subject to the prior consent of Sublessor and Lessor, shall have the right to perform alterations
in accordance to the terms of Section 12 of the Master Lease, excluding with respect to the Temporary Premises until expiration
of the Temporary Occupancy Period. No such Alterations shall be permitted to interfere with Sublessor’s occupancy of the
Temporary Space during the Temporary Occupancy Period. So long as Sublessor approves the Alterations, Sublessor shall use reasonable
efforts to assist Sublessee in obtaining Lessor’s approval for the Tenant Improvements, at no cost to Sublessor, but Sublessor
will have no liability and this Sublease will not be affected in the event Lessor refuses to consent to any or all of Sublessee’s
proposed Alterations. At the expiration of the Term, Sublessee may (to the extent permitted by the Master Lease) and shall (if
required by Lessor or Sublessor) remove from the Premises all Removeable Alterations and Tenant’s Property and shall repair
any damage and perform any restoration work caused by such removal and shall otherwise comply with the Master Lease requirements
for restoration of the Premises.

 

	5.	TERM.

 

	 	(A)	This
    Sublease is a component transaction of a larger transaction between the parties that includes an assignment by Sublessee to
    Sublessor of a lease of space in a different building at 5820 Nancy Ridge Drive in San Diego, California (the “NR Premises”),
    pursuant to that certain Assignment of Lease of even date herewith (the “NR Lease Assignment”) and the sublease
    by Sublessor of the NR Premises back to Sublessee pursuant to the terms of a sublease (the “NR Sublease”) entered
    into between Sublessor and Sublessee contemporaneously herewith. The Expiration Date of the NR Sublease and contemporaneous
    Commencement Date pursuant to this Sublease shall be the date of the “Space Swap.”

 

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	 	(B)	This
    Sublease is being herewith executed by each of Sublessor and Sublessee and delivered into escrow pursuant to an escrow arrangement
    established pursuant to and described in paragraph 7 of the NR Lease Assignment (the “Escrow”). The term of this
    Sublease (the “Term”) shall commence, if at all, upon the release of the same, together with the other transaction
    documents held in Escrow, from said Escrow pursuant to the terms and conditions thereof (the “Commencement Date”)
    and shall expire on September 29, 2020 (“Expiration Date”), which is the day prior to the expiration date of the
    Master Lease.

 

	6.	RENT
AND ADDITIONAL RENT.

 

	 	(A)	Sublessee
    shall pay to Sublessor, without deduction, setoff, notice or demand, at Sublessor’s address for payments as set forth
    below, the sum of $49,768.00 per month (based upon $4.00 per rentable square foot of the Premises) (“Base Rent”)
    on the first day of each month of the Term. Sublessee shall pay to Sublessor concurrently with the occurrence of the Commencement
    Date the sum of $80,214.00 as prepayment of the first month of Base Rent and estimated Operating Expenses, Amenities Fees
    and property management fees due hereunder, which shall be applied to sums due by Sublessee to Sublessor hereunder for the
    period from the Commencement Date until the last day of the month during which the Commencement Date occurs. Sublessee shall
    pay any balance owing with respect to first full month following the Commencement Date, remaining owing after the application
    of the Rent prepayment referred to above, on the first day of such month. Any overpayment of Rent shall be credited to sums
    hereinafter due from Sublessee to Sublessor. Base Rent shall escalate as provided in the Master Lease.
	 	 	 
	 	(B)	Commencing
    as of the Commencement Date and continuing thereafter throughout the Term of this Sublease, Sublessee shall pay as “Operating
    Expenses” its Pro Rata Share of all Operating Expenses (which includes utilities used within the Premises), Amenities
    Fees and Taxes, as defined in Master Lease. Sublessee’s Pro Rata Share is hereby agreed to be 32.83% subject
    to adjustment in the event of a remeasurement of the Building or Premises pursuant to the Master Lease (“Pro Rata Share”).
    Sublessee shall pay Operating Expenses based on estimates provided by Sublessor (which shall be based upon the estimates provided
    by Lessor under the Master Lease), at the same time and in the same manner as the payment of Base Rent. Upon Sublessor’s
    receipt of an Annual Statement (as defined in the Master Lease), Sublessee will be credited with its Pro Rata Share of any
    overpayment shown in such Annual Statement, or will pay, within fifteen (15) days after demand, its Pro Rata Share of any
    underpayment as shown in such Annual Statement. Incorporated into Operating Expenses is a property management fee imposed
    by Lessor under the Master Lease in an amount equal to three percent (3%) of the Base Rent. All sums payable by Sublessee
    hereunder, including, without limitation Operating Expenses (which includes the property management fee), may be referred
    to as “Additional Rent” and all Additional Rent, together with Base Rent may be referred to herein as “Rent.”

 

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	 	(C)	Utilities
    and Janitorial. Sublessee will be responsible for all janitorial services and utility costs for the Premises commencing
    on the Commencement Date. Because there is not a separate electric meter in place for Premises, Sublessor may pass through
    a charge for Sublessee’s utilities based on Sublessee Pro Rata Share of the utility bills for the Building which is
    already included in the estimated Operating Expenses.
	 	 	 
	 	(D)	Abated
    Rent. Sublessee will not be entitled to the benefit of any rent abatement or reduction provided to Sublessor under the
    Master Lease. However, Sublessee shall receive abatement of its obligation to pay fifty percent (50%) of the monthly Base
    Rent, Operating Expenses and property management fees due hereunder during the second (2nd) through sixth (6th)
    full months of the Term of this Sublease (for instance, if Commencement Date is April 1, 2018 then 50% of Base Rent and Operating
    Expenses shall be abated for the months of May-September 2018). Sublessee shall be responsible for of all other Rent payable
    hereunder and for janitorial costs for the Sublease Premises during such Rent abatement period. In the event Sublessee defaults
    under this Sublease after the expiration of any applicable notice and cure period, Sublessor will be entitled to reimbursement
    of all Rent abated pursuant to this paragraph.

 

	7.	USE.

 

The
Sublease Premises may be used for research and development laboratory, related office and other related uses permitted by Applicable
Laws, including zoning ordinances, but not in any event in contravention of the limitations and qualifications set forth in the
Master Lease. Sublessee covenants that it will occupy the Premises in accordance with the terms of the Master Lease as incorporated
herein, and all requirements of applicable law, code or ordinance, and will not suffer to be done or omit to do any act which
may result in a violation of or a default under any of the terms and conditions of the Master Lease or any law, code or ordinance,
or render Sublessor liable for any damage, charge or expense thereunder. Sublessee shall not commit or allow to be committed any
waste upon the Premises, or any public or private nuisance or act which is unlawful.

 

	8.	SURRENDER
UPON EXPIRATION DATE.

 

Sublessee
shall surrender the Premises to Sublandlord at the expiration or earlier termination of the term of this Sublease and shall be
responsible for all costs related to surrendering the Premises on the terms of the Master Lease, as if the term of the Master
Lease had expired and the Premises was being surrendered to the Lessor pursuant thereto, including without limitation as respects
the Surrender Plan set forth therein.

 

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	9.	LANDLORD
SOLELY RESPONSIBLE.

 

Sublessee
agrees that Sublessor shall not be required to perform any of the covenants, agreements and/or obligations of Lessor under the
Master Lease and, insofar as any of the covenants, agreements and obligations of Sublessor hereunder are required to be performed
under the Master Lease by Lessor thereunder, Sublessee acknowledges and agrees that Sublessee will look solely to Lessor for such
performance. Sublessor shall not be responsible for any failure or interruption, for any reason whatsoever, of the services, utilities
or facilities that may be appurtenant or supplied to the Premises by Lessor or otherwise and no such failure will in any way excuse
Sublessee’s performance under this Sublease or entitle Sublessee to any abatement of rent or other charge. Sublessee shall
pay to Sublessor as Rent hereunder any and all sums which Sublessor may be required to pay Lessor arising out of a request by
Sublessee for additional building services or for any charges Sublessor incurs for repairs or maintenance of the Premises required
due to Sublessee’s use or misuse of the Premises and which are not required to be performed by the Lessor under the Master
Lease, and which Lessor bills to Sublessor.

 

	10.	ACCESS.

 

Subject
to the Master Lease, casualty and Force Majeure events, Sublessee shall have 24/7 access to and use of the Premises.

 

	11.	GENERATOR.

 

Sublessee
shall, subject to and in accordance with the Master Lease, have access to any backup generator serving the Building and will pay
all costs associated with such generator, including without limitation all repair and maintenance costs, which amounts will be
payable as Additional Rent (and are included in the estimated Operating Expenses since Lessor performs such work). Neither Sublessor
nor Lessor will have any liability on account of any failure of the generator to function, regardless of the cause of such failure,
and Sublessee hereby waives any and all Claims resulting from any failure to function or malfunction of the generator.

 

	12.	TRANSFERS.

 

Sublessee
shall not assign, mortgage, encumber or otherwise transfer this Sublease or sublet the whole or any part of the Premises without
the prior written consent of Lessor and Sublessor. Sublessor shall not unreasonably withhold consent to a proposed sublease by
Sublessee of the entirety of the Premises. No assignment, subletting or other transfer shall relieve Sublessee of any liability
under this Sublease. Consent to any such assignment, subletting or transfer shall not operate as a waiver of the necessity for
consent to any subsequent assignment, subletting or transfer. In connection with each request for an assignment or subletting,
Sublessee shall pay the reasonable cost of processing such assignment or subletting, including attorneys’ fees, and any
fees or costs payable under the Master Lease, to each of Lessor and Sublessor within fifteen (15) days after demand by Sublessor.

 

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	13.	PARKING.

 

Sublessee
shall be provided parking per the Master Lease, which includes approximately 2.5 parking spaces per 1,000 square feet of rentable
area of the Premises, subject to the terms of Article 10 of the Master Lease. Such parking will be provided free of charge throughout
the Term.

 

	14.	SIGNAGE.

 

Sublessor
shall remove, at its expense, Sublessor’s suite entry and directly tablet signage, promptly following the Commencement Date.
Subject to the approval and consent of the Lessor, Sublessee may request that Lessor install Sublessee’s suite entry and
directory tablet signage and may install its signage on Monument Sign at Sublessee’s sole expense, and in accordance with
Section 38 of the Master Lease. Sublessee will be responsible for obtaining all required consents and approvals for such sign.
All such signage shall be removed on or prior to the Expiration Date and the costs associated with such removal shall be borne
solely by Sublessee.

 

	15.	FURNITURE,
FIXTURES AND EQUIPMENT.

 

Sublessor
shall leave the existing furniture, fixtures and equipment in Premises as listed in Exhibit ‘B’ (“FF&E”).
Sublessee shall have free use of the FF&E for the Term of the Sublease, provided that from and after the Commencement Date,
through and including the Expiration Date, Sublessee shall take good care of all of the foregoing property and their condition,
as of the Expiration Date of this Sublease, shall be subject to only reasonable wear and tear. Ownership of the FF&E shall
transfer to Sublessee upon Expiration Date so long as Sublessee has fully performed all of its obligations under this Sublease

 

	16.	WARRANTIES.

 

Sublessor
warrants and represents to Sublessee that, to Sublessor’s current actual knowledge, the Master Lease is in full force and
effect and Sublessor is not in default or breach of any of the provisions of the Master Lease, and that Sublessor has no knowledge
of any claim by Lessor that Sublessor is in default or breach of any of the provisions of the Master Lease.

 

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	17.	OTHER
PROVISIONS OF SUBLEASE.

 

All
applicable terms and conditions of the Master Lease are, except as contradicted by the terms and conditions of this Sublease,
incorporated into and made a part of this Sublease as if Sublessor were the lessor thereunder (provided that under no circumstance
shall Sublessor be responsible or liable in any way for the failure of the Lessor to perform any acts required under the Master
Lease or to supply any item, including, but not limited to, any utility or service to the subleased Premises and no such failure
will in any way excuse Sublessee’s performance under this Sublease or entitle Sublessee to any abatement of rent or other
charge, except as may be expressly permitted by the terms of the Master Lease), Sublessee the lessee thereunder, and the Premises
the Master Premises, except for the following: Section 2, the second paragraph of Section 3(a), Sections 35, 39 and 40 and Exhibits
C, F and H of the Master Lease. Sublessee assumes and agrees to perform the lessee’s obligations under the Master Lease
during the Term, except that the obligation to pay rent to Lessor under the Master Lease shall be considered performed by Sublessee
to the extent and in the amount rent is paid to Sublessor in accordance with Section 6 of this Sublease. Sublessee shall not commit
or suffer any act or omission that will violate any of the provisions of the Master Lease. Sublessor shall use commercially reasonable
efforts, at Sublessee sole cost, to cause Lessor to perform its obligations under the Master Lease for the benefit of Sublessee.
Sublessor shall not enter into a voluntary termination of the Master Lease as to the Sublease Premises without Sublessee’s
prior consent, not to be unreasonably withheld. Notwithstanding the foregoing, Sublessor may assign or transfer the Master Lease
without the consent of Sublessee and from and after the effective date of such transfer or assignment, Sublessee will look solely
to such transferee or assignee for the performance of the obligation of Sublessor hereunder and Sublessor shall be released on
all further obligations under this Sublease. If the Master Lease gives Sublessor any right to terminate the Master Lease in the
event of the partial or total damage, destruction, or condemnation of the Master Premises or the building or project of which
the Master Premises are a part, the exercise of such right by Sublessor shall not constitute a default or breach hereunder. If
the Master Lease terminates for any reason (other than a default by Sublessor under the Master Lease), this Sublease will terminate
on the same date as the Master Lease, and Sublessor will have no liability to Sublessee on account of such termination. In all
provisions of the Master Lease requiring tenant to submit, exhibit to, supply or provide Lessor with evidence, certificates, or
any other matter or thing, Sublessee shall be required to submit, exhibit to, supply or provide, as the case may be, the same
to both Lessor and Sublessor.

 

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	18.	SECURITY
DEPOSIT

 

Upon
the Commencement Date, Sublessee shall deposit with Sublessor the sum of $49,768.00 as a security deposit (the “Security
Deposit”) for the performance by Sublessee of its obligations under this Sublease. If Sublessee is in default, Sublessor
may use the Security Deposit, or any portion of it, to cure the default or to compensate Sublessor for all damage sustained by
Sublessor resulting from Sublessee’s default. Sublessee shall immediately on demand pay to Sublessor a sum equal to the
portion of the Security Deposit expended or applied by Sublessor as provided in this Section so as to maintain the Security Deposit
in the sum initially deposited with Sublessor. If Sublessee is not in default at the expiration or termination of this Sublease,
or such later date upon fulfillment of all of Sublessee’s obligations can reasonably be confirmed, Sublessor shall return
the Security Deposit to Sublessee. Sublessor’s obligations with respect to the Security Deposit are those of a debtor and
not a trustee. Sublessor may maintain the Security Deposit separate and apart from Sublessor’s general and other funds or
may commingle the Security Deposit with Sublessor’s general and other funds. Sublessor shall not be required to pay Sublessee
any interest on the Security Deposit. Sublessee hereby waives the provisions of Section 1950.7 of the California Civil Code and
all other provisions of law, now or hereafter in force, which provide that Sublessor may claim from a security deposit only those
sums reasonably necessary to remedy defaults in the payment of rent, to repair damage caused by Sublessee or to clean the Premises.

 

	19.	INDEMIFICATION

 

In
addition to any indemnity obligations set forth in the Master Lease and incorporated by reference herein and not in limitation
thereof, Sublessee shall indemnify, protect, defend and hold harmless the Premises, Lessor and Sublessor and their agents, partners
and lenders, from and against any and all Claims (as defined in the Master Lease) arising out of, involving, or in connection
with, the use and/or occupancy of the Premises by Sublessee or Sublessee’s failure to perform or observe any of the terms
and conditions of the Master Lease or this Sublease; provided that nothing in the foregoing will require Sublessee to indemnify
Sublessor for any Claims to the extent arising out of the negligence or willful misconduct of Sublessor, its agents or employees.
If any action or proceeding is brought against Lessor or Sublessor by reason of any of the foregoing matters, Sublessee shall
upon notice defend the same at Sublessee’s expense by counsel reasonably satisfactory to Lessor and Sublessor, and Sublessor
shall cooperate with Sublessee in such defense. Sublessor will indemnify Sublessee for Sublessor’s breach of Sublessor’s
obligations under the Master Lease to the extent such breach was not caused or contributed to by Sublessee, its agents or employees.
Nothing in this Section shall be deemed to affect Sublessor’s right to indemnification for liability or liabilities arising
prior to termination of this Sublease for personal injury or property damage under any other indemnification or other provision
of this Sublease.

 

	20.	INSURANCE.

 

Sublessee
will be required to obtain all of the types and levels of insurance required pursuant to Article 17 of the Master Lease; provided
that Sublessee’s general liability insurance will name Sublessor as an additional insured in addition to naming the Landlord
Parties (as defined in the Master Lease). Sublessee shall provide Sublessor with proof of such insurance coverage before the execution
of this Sublease and prior to occupancy of the Premises, and the waiver of subrogation contained in Article 17 of the Master Lease
shall apply in favor of both Sublessor and Lessor.

 

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	21.	ATTORNEYS’
FEES.

 

If
Sublessor or Sublessee shall commence legal action against the other arising out of or in connection with this Sublease, the prevailing
party shall be entitled to recover its costs of suit and reasonable attorneys’ fees.

 

	22.	AGENCY
DISCLOSURE.

 

Sublessor
and Sublessee each warrant that they have dealt with no other real estate broker in connection with this transaction except Hughes
Marino, who represents both Sublessor and Sublessee (“Broker”) and that they know of no other real estate broker or
agent who is entitled to a commission in connection with this Sublease. Each Party agrees to indemnify and defend the other Party
against and hold the other Party harmless for, from and against any and all claims, demands, losses, liabilities, lawsuits, judgments,
and costs and expenses (including without limitation reasonable attorneys’ fees) with respect to any leasing commission
or equivalent compensation alleged to be owing on account of the indemnifying party’s dealings with any real estate broker
or agent other than the Broker. The foregoing indemnity shall survive this Sublease. Sublessor will pay a commission to the Broker
on account of this Sublease pursuant to a separate agreement.

 

	23.	WAIVER
& NOTICES.

 

No
provision of or remedy under this Sublease may be waived or modified by either party unless expressly waived or modified in a
writing signed by an officer of both parties. All notices and demands which may or are to be required or permitted to be given
by either party on the other hereunder shall be in writing and delivered in accordance with Section 42(a) of the Master Lease.
All notices and demands by the Sublessor to Sublessee shall be sent to the Sublessee at the Premises, Attention: Chief Financial
Officer or to such other place as Sublessee may from time to time designate in a notice to the Sublessor. All notices and demands
by the Sublessee to Sublessor shall be mailed to the Sublessor at the address set forth for notices in the Master Lease, and to
such other person or place as the Sublessor may from time to time designate in a notice to the Sublessee. Copies of all notices
and demands by the Lessor to either party alleging any default under the terms of the Master Lease or this Sublease shall be promptly
provided to the other party. In all provisions of the Master Lease requiring that the tenant thereunder deliver notice to Lessor,
Sublessee shall be required to deliver notice concurrently to Sublessor and Lessor.

 

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	24.	CONSENT.

 

Whenever
the consent of Sublessor is required pursuant to the terms of this Sublease unless this Sublease expressly provides that such
consent shall not be unreasonably withheld, conditioned or delayed, then consent may be withheld in Sublessor’s sole discretion.
Whenever Lessor’s consent to such request is also required pursuant to this Sublease or the Master Lease, (i) it shall be
reasonable for Sublessor to withhold its consent if Lessor withholds its consent, (ii) it shall be reasonable for Sublessor to
delay its consent or withholding of such consent until such time as Lessor has given or denied its consent, (iii) it shall be
reasonable for Sublessor to condition its consent upon any conditions imposed by Lessor upon Lessor’s consent, and (iv)
Sublessor shall not be liable for or subject to a suit for specific performance based on Sublessor’s withholding, conditioning
or delaying of consent caused by Lessor withholding, conditioning or delaying its consent to the same request.

 

	25.	LESSOR’S
CONSENT.

 

This
Sublease is subject to and contingent upon Lessor’s execution of a Consent to Sublease in a form acceptable to Sublessor
in Sublessor’s sole discretion within ten (10) days of the date hereof. In the event Lessor does not so execute such Consent
to Sublease within such time, either party may terminate this Sublease upon written notice to the other party, which termination
will be effective upon receipt. If this Sublease is terminated pursuant to this Section 25, Sublessor shall return to Sublessee
any payment of Security Deposit and first month’s rent previously paid by Sublessee to Sublessor within ten (10) days after
the termination date, and neither party shall have any liability to the other on account of this Sublease or any other actions
between the parties prior to the termination date. For clarity, in the event of a termination, Sublessee will not be entitled
to any reimbursement for costs or expenses incurred by Sublessee and Sublessee agrees that Sublessor shall have no liability or
responsibility in connection therewith.

 

	26.	COmpliance
with laws.

 

Sublessee
shall promptly comply with all Legal Requirements regulating Sublessee’s particular use, occupancy or improvement of the
Premises. Sublessee shall be fully responsible for the cost of complying with all of the foregoing.

 

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	27.	HAZARDOUS
MATERIALS.

 

Sublessee
shall not use or allow the use of any substance which constitutes a Hazardous Material under the Master Lease, except in strict
accordance with the terms and conditions of the Master Lease and subject to all required consents and approvals of Lessor. Sublessee
acknowledges the provisions of the Master Lease disclosing certain Pre-Existing Hazardous Materials and the Contemplated Covenant
(both as defined in the Master Lease), and agrees that Lessor shall be solely responsible for such items and Sublessee shall not
look to Sublessor in connection with such items. Sublessee hereby waives and releases Sublessor from any and all Claims relating
to the Pre-Existing Hazardous Materials and the Contemplated Covenant. If Sublessee knows, or has reasonable cause to believe,
that a Hazardous Material has come to be located in, on, under or about the Premises in violation of applicable laws or the Master
Lease, Sublessee shall immediately give written notice of such fact to Sublessor, and provide Sublessor with a copy of any report,
notice, claim or other documentation which Sublessee has concerning the presence of such Hazardous Material. Upon the expiration
of the Term of this Sublease, Sublessee will prepare a Surrender Plan (which will be subject to the approval of Lessor and Sublessor)
and return the Premises to Sublessor free of any residual Hazardous Materials resulting from Sublessee’s use and occupancy
of the Premises. Nothing in this Section 27 is intended to or will be construed to impose any liability on Sublessee for any violation
of the terms of the Master Lease applicable to Hazardous Material which violation is caused solely by Sublessor, its agents or
employees.

 

	28.	default.

 

The
occurrence of any of the following events (each, an “Event of Default”) shall constitute a material default
and breach of this Sublease by Sublessee: (a) a default under the Master Lease due to Sublessee’s acts or omissions; (b)
the breach of any of the provisions of Article 20 of the Master Lease. Upon any Event of Default under this Sublease, Sublessor
shall have all of the remedies available to Lessor pursuant to the Master Lease, including without limitation the remedies enumerated
in Article 21 of the Master Lease. All rights and remedies of Sublessor herein enumerated or incorporated by reference above shall
be cumulative, and none shall exclude any other right or remedy allowed by law or in equity, and all of the following may be exercised
with or without legal process as then may be provided or permitted by the laws of the State in which the Premises are situated.

 

	29.	HOLDOVER.

 

Notwithstanding
any provision to the contrary contained in the Master Lease or this Sublease, (i) Sublessor expressly reserves the right to require
Sublessee to surrender possession of the Premises upon the expiration of the Term or upon the earlier termination hereof and the
right to assert any remedy at law or in equity to evict Sublessee and/or collect damages in connection with any such holding over,
and (ii) Sublessee shall indemnify, defend and hold Sublessor harmless from and against any and all claims, demands, actions,
losses, damages, obligations, costs and expenses, including, without limitation, attorneys’ fees incurred or suffered by
Sublessor by reason of Sublessee’s failure to surrender the Premises on the expiration or earlier termination of this Sublease
in accordance with the provisions of this Sublease, including the payment of all holdover rent and penalties chargeable pursuant
to the Master Lease.

 

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	30.	ENTIRE
AGREEMENT

 

This
Sublease, including the Exhibits and documents referenced herein, contains the entire understanding of the parties with respect
to the subject matter hereof and supersedes all prior agreements or understandings. This Sublease shall not be modified except
in writing signed by both Sublessor and Sublessee.

 

	31.	Governing
Law; Jurisdiction.

 

This
Agreement shall be governed by, and construed and enforced in accordance with, the laws of the State of California, without reference
to the conflicts of law principles thereof.

 

	32.	COUNTERPARTS.

 

This
Sublease may be executed in any number of counterparts, which may be delivered electronically, via facsimile or by other means.
Each party may rely upon signatures delivered electronically or via facsimile as if such signatures were originals. Each counterpart
of this Sublease shall be deemed to be an original, and all such counterparts (including those delivered electronically or via
facsimile), when taken together, shall be deemed to constitute one and the same instrument.

 

[Signature
Page Follows]

 

    	 12

     

    

 

In
witness whereof, duly authorized representatives of the parties have executed and delivered this Sublease as of the Effective
Date.

 

	SUBLESSOR:	 	SUBLESSEE:
	 	 	 	 	 
	VIVIDION THERAPEUTICS, INC.,	 	ONCOSEC MEDICAL INCORPORATED,
	a Delaware corporation 	 	a Nevada corporation
	 	 	 	 	 
	By:	/s/
    Trisha Millican	 	By:	/s/
    Daniel J. O’Connor
	Name:	Trisha
    Millican	 	Name:	Daniel
    J. O’Connor
	Title:	Chief
    Financial Officer	 	Title:	Chief
    Executive Officer
	Date:	March
    9, 2018	 	Date:	March
    9, 2018

 

    	 13

     

    

 

EXHIBIT
A-1

 

Floor
Plan of Sublease Premises

 

 

 

    	 14

     

    

 

EXHIBIT
A-2

 

Temporary
Occupancy Premises (outlined)

 

 

    	 15

     

    

 

EXHIBIT
B

 

Furniture,
Fixtures and Equipment

 

	Item
    Description, Office	 	Quantity
	Desk
    Chairs	 	39
	Bullpen
    cube station 4-pak	 	4
	Bench
    seating station 8-pak	 	1
	Manager
    station 8-pak	 	1
	Conference
    room power supplies	 	2
	Conference
    room polycoms	 	3
	Conference
    room 75” flat screen TV	 	2
	Conference
    room small flat screen TV	 	1
	small
    conference room chairs	 	4
	small
    conference room round table	 	1
	Medium
    conference room 96 x 48” table	 	1
	Med
    and large conference room chairs	 	20
	Med
    conference room glass marker board	 	1
	Med
    conference room mini-frig	 	1
	Large
    conference room credenza	 	1
	Large
    conference room table	 	1
	Huddle
    Room 30” round table	 	1
	Huddle
    room couch	 	1
	Huddle
    room pillows	 	2
	Huddle
    room picture	 	1
	Private
    office guest chairs	 	7
	Private
    office L-shape desks	 	9
	Lobby
    lounge chairs	 	2
	Lobby
    side table	 	1
	Lobby
    console table	 	1
	Lobby
    throw pillows	 	2
	Lobby
    area rug	 	1
	File
    cabinet/storage island	 	3
	Integrated
    intrusion system and process monitoring system	 	1
	Two
    camera HD HikVision surveillance system	 	1
	Hosted
    access control system	 	1
	Kitchen
    Refrigerator	 	1
	Kitchen
    microwave	 	1
	Kitchen
    Dishwasher	 	1

 

    	 16

     

    

 

	Item
    Description, Lab	 	Quantity
	4o
    refrigerator, full size	 	2
	-20o
    freezer, full size	 	3
	1300
Series A2 Class II 4ft Biosafety Cabinet	 	4
	Heidolph
    5075ELP autoclave	 	1
	Hoshizaki
    F-300BAH Flaker ice machine	 	1

 

    	 17

     

    

 

EXHIBIT
C

Master
LeaseCONFIDENTIAL
SEPARATION AGREEMENT

 

THIS
AGREEMENT (the “Agreement”) is entered into as of May 2, 2018, as defined in Paragraph 8 hereof, by and between
OncoSec Medical Incorporated (the “Company”) and Punit S. Dhillon (“Executive”). Together,
the Company and Executive may be referred to hereinafter as the “Parties.”

 

In
consideration of the payments, covenants and releases described below, and in consideration of other good and valuable consideration,
the receipt and sufficiency of all of which is hereby acknowledged, the Company and Executive agree as follows:

 

1.
Separation from Employment. Executive hereby confirms his resignation as President of the Company, effective May 2, 2018
(the “Termination Date”).

 

2.
Separation Obligations of the Company. In consideration of Executive’s promises contained in this Agreement, the
Company agrees as follows:

 

a.
Severance. The Company will pay to Executive an aggregate amount of $857,000, less applicable withholding taxes and other
governmental obligations, paid as salary continuation (and not as a lump sum) over twenty-four (24) months and in accordance with
the Company’s standard payroll practices. The first payment will be made within ten (10) days of the date this release becomes
irrevocable and will include any amount that were accrued but not paid pending receipt of the execution and non-revocation of
this Agreement.

 

b.
Pro Rata Bonus. The Company will pay to Executive an amount equal to $56,344 as a pro rata bonus for calendar year 2018,
paid as a lump sum within sixty (60) days of the Termination Date.

 

c.
Health Care Coverage. If Executive and/or Executive’s covered dependents timely elect(s) to receive health care continuation
coverage, Executive will be entitled to payment by the Company of the monthly cost of such coverage for a period of up to twenty-four
(24) months, in accordance with Executive’s Amended and Restated Employment Agreement.

 

d.
Treatment of Equity Awards. The Parties agree that Exhibit A to this Agreement accurately reflects all outstanding
awards of stock options (“Options”) and restricted stock units (“RSUs”) held by Executive
as of the Effective Date. As of the Effective Date, (i) all of Executive’s unvested Options shall become vested and exercisable,
and the Options shall remain outstanding and exercisable until the earlier of (1) the expiration date on the option agreement
evidencing the grant thereof, or (2) the termination of service as a member of the Company’s Board of Directors; and (ii)
all of Executive’s RSUs shall become vested and shall be settled as of the June 15, 2018, in shares of Company common stock.

 

e.
Other Payments and Obligations. The Company will pay or provide to Executive within five (5) business days following the
Termination Date all of the following: (i) accrued and unpaid base salary with respect to services through the Termination Date,
(ii) reimbursement for expenses for which expense reports have been provided to the Company, and (iii) accrued and vested benefits
under any Company benefit plan, in each case in accordance with Company policies and plans.

 

    	 

    	 

    

 

The
Company’s obligation to provide the payments and benefits set forth in this Paragraph 2 is expressly contingent on Executive
executing and not revoking this Agreement pursuant to Paragraph 8 below. The Company’s obligation to make the payment set
forth herein shall cease upon Executive’s breach of any of his continuing contractual obligations to the Company, including,
without limitation, Sections VI and VII of the Employment Agreement (as defined herein) and any other intellectual property agreement,
covenant not to disclose or use the Company’s confidential or trade secret information, or covenant not to compete with
the Company.

 

3.
General Release of Claims and Covenant Not To Sue.

 

a.
General Release of Claims. In consideration of the payments made to him by the Company and the promises contained in this
Agreement, Executive on behalf of himself and his agents and successors in interest, hereby UNCONDITIONALLY RELEASES AND DISCHARGES
the Company, its successors, subsidiaries, parent companies, assigns, joint ventures, and affiliated companies and their respective
agents, legal representatives, shareholders, attorneys, employees, members, managers, officers and directors (collectively, the
“Releasees”) from ALL CLAIMS, LIABILITIES, DEMANDS AND CAUSES OF ACTION which he may by law release, as well
as all contractual obligations not expressly set forth in this Agreement, whether known or unknown, fixed or contingent, that
he may have or claim to have against any Releasee for any reason as of the date of execution of this Agreement. This Release and
Covenant Not To Sue includes, but is not limited to, claims arising under federal, state or local laws prohibiting employment
discrimination; claims arising under severance plans and contracts; and claims growing out of any legal restrictions on the Company’s
rights to terminate its employees or to take any other employment action, whether statutory, contractual or arising under common
law or case law. Executive specifically acknowledges and agrees that he is releasing any and all rights under federal, state and
local employment laws including without limitation the Age Discrimination in Employment Act, the Older Workers Benefit Protection
Act, Title VII of the Civil Rights Act of 1964, 42 U.S.C. § 1981, the Americans With Disabilities Act, the Family and Medical
Leave Act, the Genetic Information Nondiscrimination Act, the anti-retaliation provisions of the Fair Labor Standards Act, the
Employee Retirement Income Security Act, the Equal Pay Act, the Occupational Safety and Health Act, the Worker Adjustment and
Retraining Notification Act, the Employee Polygraph Protection Act, the Fair Credit Reporting Act, California Government Code
§ 12900 et seq., Executive Order 11246, the California Labor Code, and any and all other local, state, and federal law claims
arising under statute or common law. It is agreed that this is a general release and it is to be broadly construed as a release
of all claims, except those that cannot be released by law. Notwithstanding the foregoing, Executive expressly does not waive
any claims he may have (i) to indemnification that he may have against any of the Releasees in connection with his service to
the Company and its affiliates through the Termination Date, or (ii) related to any coverage that he may have under any directors
and officers liability insurance policy maintained by the Company or its affiliates.

 

b.
Release of Unknown Claims. Executive expressly waives and relinquishes any and all rights or benefits afforded by California
Civil Code § 1542, which provides as follows:

 

    	2

    	 

    

 

“A
general release does not extend to claims which the creditor does not know or suspect to exist in his or her favor at the time
of executing the release, which if known by him or her must have materially affected his or her settlement with the debtor.”

 

In
connection with such waiver and relinquishment, Executive acknowledges that he is aware that he may later discover facts in addition
to or different from those which he currently knows or believes to be true with respect to the subject matters of this Agreement,
but that it is his intention hereby fully, finally, and forever, to settle and release all of these matters which now exist, may
exist, or previously existed, whether known or unknown, suspected or unsuspected. In furtherance of such intent, the releases
given herein shall be and shall remain in effect as a full and complete release, notwithstanding the discovery or existence of
such additional or different facts.

 

c.
Covenant Not to Sue. Except as expressly set forth in Paragraph 5 below, Executive further hereby AGREES NOT TO FILE A LAWSUIT
or other legal claim or charge to assert against any of the Releasees any claim released by this Agreement.

 

d.
Acknowledgement Regarding Payments and Benefits. Executive acknowledges and agrees that he has been paid all wages and
accrued benefits to which he is entitled through the date of execution of this Agreement. Other than the payments set forth in
this Agreement, the Parties agree that the Company owes no additional amounts to Executive for wages, back pay, severance pay,
bonuses, damages, accrued vacation, benefits, insurance, sick leave, other leave, or any other reason.

 

e.
Other Representations and Acknowledgements. This Agreement is intended to and does settle and resolve all claims of any
nature that Executive might have against the Company arising out of their employment relationship or the termination of employment
or relating to any other matter, except those that cannot be released by law. By signing this Agreement, Executive acknowledges
that he is doing so knowingly and voluntarily, that he understands that he may be releasing claims he may not know about, and
that he is waiving all rights he may have had under any law that is intended to protect him from waiving unknown claims. Executive
warrants that he has not filed any notices, claims, complaints, charges, or lawsuits of any kind whatsoever against the Company
or any of the Releasees as of the date of execution of this Agreement. This Agreement shall not in any way be construed as an
admission by the Company or any of the Releasees of wrongdoing or liability or that Executive has any rights against the Company
or any of the Releasees. Executive represents and agrees that he has not transferred or assigned, to any person or entity, any
claim that he is releasing in this Paragraph 3.

 

4.
Non-Disparagement.

 

a.
Agreement of Executive. Executive agrees that he will not, directly or indirectly, make any statement, oral or written,
or perform any act or omission which disparages or casts in a negative light the Company, its products, its employees, or any
of the Releasees. This Paragraph 4 shall not in any way limit any of the Protected Rights contained in Paragraph 5 of this Agreement,
or Executive’s ability to provide truthful testimony pursuant to a subpoena, court order or as otherwise required by law.

 

    	3

    	 

    

 

b.
Agreement of Company. The Company agrees that, except as may be required by law, court order, or a valid request by a government
agency, the Company will not make any written statement, and no officer of the Company or member of the Board of Directors of
the Company will, directly or indirectly, make any statement, oral or written, or perform any act or omission which disparages
Executive or casts Executive in a negative light. This Paragraph 4(b) shall not in any way limit the ability of the Company or
any member of the Board of Directors to provide truthful testimony or information in response to a subpoena, court order, or valid
request by a government agency, or as otherwise required by law.

 

5.
Protected Rights. Executive understands that nothing contained in this Agreement limits his ability to file a charge or
complaint with the Equal Employment Opportunity Commission, the National Labor Relations Board, the Securities Exchange Commission,
or any other federal, state or local governmental agency or commission (“Government Agencies”). Executive further
understands that this Agreement does not limit his ability to communicate with any Government Agencies or otherwise participate
in any investigation or proceeding that may be conducted by any Government Agencies in connection with any charge or complaint,
whether filed by Executive, on his behalf, or by any other individual. However, based on Executive’s release of claims set
forth in Paragraph 3 of this Agreement, Executive understands that he is releasing all claims that he may have, as well as his
right to recover monetary damages or obtain other relief that is personal to Executive in connection with any charge or complaint
that may be filed with any Government Agencies relating to Executive’s employment with the Company.

 

6.
Acknowledgment. The Company hereby advises Executive to consult with an attorney prior to executing this Agreement and
Executive acknowledges and agrees that the Company has advised, and hereby does advise, him of his opportunity to consult an attorney
or other advisor and has not in any way discouraged him from doing so. Executive expressly acknowledges and agrees that he has
been offered at least twenty-one (21) days to consider this Agreement before signing it, that he has read this Agreement and Release
carefully, that he has had sufficient time and opportunity to consult with an attorney or other advisor of his choosing concerning
the execution of this Agreement. Executive acknowledges and agrees that he fully understands that this Agreement is final and
binding, that it contains a full release of all claims and potential claims, and that the only promises or representations he
has relied upon in signing this Agreement are those specifically contained in the Agreement itself. Executive acknowledges and
agrees that he is signing this Agreement voluntarily, with the full intent of releasing the Company from all claims covered by
Paragraph 3.

 

7.
Cooperation. Following the Termination Date, the Executive shall cooperate with the Company and be reasonably available
to the Company and its attorneys with respect to any legal action or proceeding (or any appeal from any action or proceeding)
or any regulatory or government agency inquiry which relates to events occurring during the Executive’s employment with
the Company (including, without limitation, the Executive appearing at the Company’s request to give testimony without requiring
service of a subpoena or other legal process, volunteering to the Company all pertinent information and turning over to the Company
all relevant documents which are or may come into the Executive’s possession). The Company shall reimburse the Executive
for all reasonable out of pocket expenses incurred by the Executive in rendering such services that are approved by the Company.
In addition, if more than an incidental cooperation is required at any time after the termination of the Executive’s employment,
the Executive shall be paid (other than for the time of actual testimony) a per day fee based on his base salary as of the Termination
Date.

 

    	4

    	 

    

 

8.
Revocation and Effective Date. The Parties agree Executive may revoke the Agreement at will within seven (7) days after
he executes the Agreement (the “Revocation Period”) by giving written notice of revocation to Company. Such
notice must be delivered to Daniel J. O’Connor, and must actually be received by him at or before the above-referenced seven-day
deadline. The Agreement may not be revoked after the expiration of the seven-day deadline. In the event that Executive revokes
the Agreement within the Revocation Period, this Agreement shall not be effective or enforceable, and all rights and obligations
hereunder shall be void and of no effect. Assuming that Executive does not revoke this Agreement within the Revocation Period,
the effective date of this Agreement (the “Effective Date”) shall be the eighth (8th) day after
the day on which Executive executes this Agreement.

 

9.
Return of Materials. In further consideration of the promises and payments made by the Company hereunder, Executive agrees
that on or before the Termination Date, he will return all documents, confidential information, other information, materials,
equipment (including, but not limited to, cell phones, pagers, laptops, computers, or other personal computing devices) and other
things in his possession or control provided to him by the Company, created during his employment with the Company or otherwise
relating to or belonging to the Company, without retaining or providing to anyone else copies, summaries, excerpts, portions or
other representations thereof. To the extent that Executive has electronic files or information in his possession or control that
relate to or belong to the Company or contain confidential information belonging to the Company (specifically including but not
limited to electronic files or information stored on personal computers, mobile devices, electronic media, or in cloud storage),
Executive agrees that he will immediately, and before receiving payment under this Agreement: (a) provide the Company with an
electronic copy of all of such files or information (in an electronic format that readily accessible by the Company); (b) after
doing so, delete all such files and information, including all copies and derivatives thereof, from all non-Company-owned computers,
mobile devices, electronic media, cloud storage, or other media, devices, or equipment, such that such files and information are
permanently deleted and irretrievable; and (c) provide a written certification to the Company that the required deletions have
been completed and specifying the files and information deleted and the media source from which they were deleted.

 

10.
Termination of Employment Agreement; Survival of Restrictive Covenants. Executive acknowledges and agrees that the Employment
Agreement originally executed by the Parties on or about November 7, 2017 (the “Employment Agreement”) is hereby
terminated, without further action by the Parties, as of the Termination Date and shall be of no further force and effect, and
that except as expressly set forth in this Agreement, the Company shall have no continuing obligations to Executive under the
Employment Agreement; provided, however, that Sections VI (Termination Obligations), and Section VII (Inventions and Proprietary
Information; Prohibition on Third Party Information) of the Employment Agreement shall survive and remain in full force and effect
in accordance with their terms.

 

11.
Final Agreement. This Agreement contains the entire agreement between the Company and Executive with respect to the subject
matter hereof, and supersedes all prior agreements between the Parties, except as set forth in Paragraph 10 above. The Parties
agree that this Agreement may not be modified except by a written document signed by both Parties. The Parties agree that this
Agreement may be executed in one or more counterparts, each of which will be deemed to be an original copy of this Agreement and
all of which, when taken together, will be deemed to constitute one and the same agreement.

 

    	5

    	 

    

 

12.
Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the state of California
without giving effect to its conflict of law principles.

 

13.
Waiver. The failure of either party to enforce any of the provisions of this Agreement shall in no way be construed to
be a waiver of any such provision. Any waiver of any provision of this Agreement must be in a writing signed by the party making
such waiver. No waiver of any breach of this Agreement shall be held to be a waiver of any other or subsequent breach.

 

14.
Code Section 409A. This Agreement shall be interpreted and administered in a manner so that any amount or benefit payable
hereunder shall be paid or provided in a manner that is either exempt from or compliant with the requirements of Section 409A
of the Internal Revenue Code of 1986, as amended (the “Code”) and applicable Internal Revenue Service guidance
and Treasury Regulations issued thereunder. The tax treatment of the benefits provided under the Agreement is not warranted or
guaranteed to Executive, who is responsible for all taxes assessed on any payments made pursuant to this Agreement, whether under
Section 409A of the Code or otherwise. Neither the Company nor its directors, officers, employees or advisers shall be held liable
for any taxes, interest, penalties or other monetary amounts owed by Executive as a result of the application of Section 409A
of the Code. Executive’s right to receive any installment payments as Severance Pay shall be treated as a right to receive
separate and distinct payments for purposes of Section 409A of the Code.

 

    	6

    	 

    

 

The
Parties hereby signify their agreement to these terms by their signatures below.

 

EMPLOYEE

 

	/s/
Punit S. Dhillon	 
	 	 
	 	 	 
	Date: 	May
2, 2018	 
	 	 	 
	ONCOSEC MEDICAL INCORPORATED	 
	 	 	 
	By: 	/s/
Daniel J. O’Connor	 
	 	 	 
	 	 	 
	Date: 	May
2, 2018	 

 

    	7

    	 

    

 

Exhibit
A

 

Outstanding
Stock Options and Restricted Stock Units

 

    	8

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