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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
A.Pursuant to that certain Lease Agreement dated as of May 13, 2016, as amended by that certain First Amendment to Lease dated as of February 28, 2017 (“First Amendment”), that Second Amendment to Lease dated as of May 22, 2018 (“Second Amendment”), and that Third Amendment to Lease dated as of April 30, 2020 (“Third Amendment, and, collectively, as the same may have been heretofore further amended, amended and restated, supplemented or modified from time to time, the “Prime Lease”), BMR-HAMPSHIRE LLC (“Prime Lessor”), as lessor, leases to Sublandlord, as lessee, a portion of the building located at 50 Hampshire Street, Cambridge, Middlesex County, Massachusetts (the “Premises” or the “Building”), upon and subject to the terms and conditions set forth in the Prime Lease. 
B.Pursuant to that certain Sublease (the “Sublease”) made as of December 16, 2019, as amended by that certain First Amendment to Sublease Agreement executed as of July 9, 2020, by and between Sublessor and Sublessee, Sublessor subleases to Sublessee a portion of the Premises consisting of approximately 33,529 rentable square feet of the Premises (the “Subleased Premises”).  
C.WHEREAS, Sublessor and Sublessee desire to extend the term of the Sublease.
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows:  
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1.Effective Date.  The “Effective Date” of this Amendment shall be the earliest date on or after May [  ], 2022 that each of the following shall have occurred:
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(a)Each of Sublessor and Sublessee shall have unconditionally received a fully executed counterpart of this Amendment; and
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(b)Prime Lessor shall have provided its fully executed written consent to the parties hereto (in a form acceptable to the parties hereto) to this Amendment.
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Promptly after the occurrence of the Effective Date, Sublessor and Sublessee shall confirm the Effective Date in writing.
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2.           Amendment of Sublease.Effective as of the Effective Date, the Sublease shall be deemed amended as follows:
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Sublease of Subleased Premises.  The clause “Expiration Date” in Section 1 is hereby deleted and hereby replaced with the following: 
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Sublease Extension Expiration Date (as defined below)
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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:
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July 31, 2024 (the “Sublease Extension Expiration Date”), unless sooner terminated or extended as set forth herein
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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:
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(a)Sublessee shall pay to Sublessor the following base rent for the Subleased Premises (the “Base Rent”).  The Base Rent and the Extra Rent (as defined below) shall be collectively referred to in this Sublease as the “Rent”.  
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Lease Period
	Monthly
Installment
of Base Rent
	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

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Month 13 after Rent Commencement Date – Month 24
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$217,281.89
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$2,607,382.69
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Month 25 after Rent Commencement Date – Month 36
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$223,800.35
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$2,685,604.17
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	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

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Right to Cure Defaults.  The clause “Expiration Date” in Section 17 is hereby deleted and hereby replaced with the following: 
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Sublease Extension Expiration Date
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3.Extension Option. Subject to the Sublandlord deciding to retake possession of the Premises, Subtenant shall have one (1) option to extend the Sublease for six (6) months at the then-current rate, which additional six-month period would commence as of the Sublease Extension Expiration Date. Sublandlord shall provide written notice (“July 31, 2024 Repossession Notice”) to Subtenant on or before September 30, 2023 as to Sublandlord’s decision to retake possession of the Premises.  If Sublandlord does not provide the July 31, 2024 Repossession Notice on or before September 30, 2023, then Subtenant shall have the right to provide written notice on or before October 31, 2023 (“Extension Option Notice”) to Sublandlord of Subtenant’s desire to extend the Sublease Extension Expiration Date. Time is of the essence.
		4.	Miscellaneous.

a.This Amendment is the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous oral and written agreements 

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and discussions.  This Amendment may be amended only by an agreement in writing, signed by the parties hereto. This Amendment is effective as of the date first set forth above.
b.This Amendment is binding upon and shall inure to the benefit of the parties hereto, their respective agents, employees, representatives, officers, directors, divisions, subsidiaries, affiliates, assigns, successors in interest and shareholders.
c.This Amendment may be executed in any number of counterparts, each of which shall be deemed an original, but all of which when taken together shall constitute one and the same instrument.
d.Except as amended and/or modified by this Amendment, the Sublease is hereby ratified and confirmed and all other terms of the Sublease shall remain in full force and effect, unaltered and unchanged by this Amendment.  In the event of any conflict between the provisions of this Amendment and the provisions of the Sublease, the provisions of this Amendment shall prevail. Whether or not specifically amended by this Amendment, all of the terms and provisions of the Sublease are hereby amended to the extent necessary to give effect to the purpose and intent of this Amendment.
e.Each entity that constitutes Sublessee and executes this Amendment shall be jointly and severally liable for Sublessee's obligations under this Amendment.
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(Signatures on following page.)

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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.
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SUBLESSOR:
SURFACE ONCOLOGY, INC.
By: /s/ Robert Ross​ ​
Name: Robert Ross​ ​
Title: CEO​ ​
SUBLESSEE:
EQRX INTERNATIONAL, INC.
By: /s/ Melanie Nallicheri​ ​
Name: Melanie Nallicheri​ ​
Title: President & CEO​ ​

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​Document

EXECUTIVE RETENTION AGREEMENT
This Executive Retention Agreement (this “Agreement”) is made by and between KLX Energy Services Holdings, Inc. (the “Company”) and [•] (“Executive”) and is subject in all respects to the terms and conditions of the Quintana Energy Services Inc. 2018 Long Term Incentive Plan (the “Plan”). 
1.Purpose. The Company recognizes the important goal of retaining Executive as an employee of the Company, and, in furtherance of that goal, the Company wishes to provide financial incentives for Executive to remain an employee for the period of time specified in this Agreement and to continue to prioritize the consummation of a Transaction (as defined below). Except to the extent otherwise defined herein, capitalized terms used in this Agreement shall have the meaning given them in the Plan.
2.Bonus. Subject to the terms and conditions set forth in the Plan and this Agreement, the Company shall pay to Executive an amount equal to $[•] (the “Bonus”). The amount paid to Executive shall be reduced by applicable taxes, deductions and withholdings and shall be payable in a single lump sum cash payment no later than [•] days following the date the Executive executes this Agreement.
3.Potential Clawback. 
a.Termination of Employment.  In the event that Executive’s employment with the Company or its affiliates is terminated prior to the Outside Date (as defined below) by (x) the Company for Cause or (y) Executive other than for Good Reason (in each case, as defined in the employment agreement between the Executive and the Company (the “Employment Agreement”), Executive shall repay to the Company, in immediately available funds, an amount equal to the net after-tax amount of the Bonus (as reduced pursuant to the second sentence of Section 2), within [•] days following the date of Executive’s termination of employment.
b.Absence of Transaction.  In the event that a Transaction has not occurred on or prior to [•] (and Executive has not previously forfeited the Bonus under Section 3(a)), Executive shall repay to the Company, in immediately available funds, an amount equal to fifty percent (50%) of the net after-tax amount of the Bonus (as reduced pursuant to the second sentence of Section 2), no later than [•]. 
c.Method of Recoupment.  In order to satisfy any repayment required by this Section 3, Executive agrees that the Company may offset against, and Executive authorizes the Company to deduct from, any payments otherwise due to Executive, or to his or her estate, heirs, legal representatives or successors; provided, however, that any offset shall not occur if such offset would violate Section 409A of the Internal Revenue Code of 1986, as amended, and the applicable Treasury regulations and administrative guidance issued thereunder. For the avoidance of doubt, in the event that Executive’s employment with the Company or its Affiliates is terminated either (x) prior to the Outside Date by (i) the Company without Cause or (ii) Executive for Good Reason, or (y) on or following the Outside Date for any reason or no reason at all, Executive shall not be required to repay the Bonus (other than as may be required by Section 9(l) of the Plan).  
1.Certain Definitions.
a.“Outside Date” means the earlier to occur of (x) [•] and (y) consummation of a Transaction.
b.“Transaction” means the consummation of one or more qualifying transactions approved by the Company’s Board of Directors (“Board”), including but not limited to an acquisition, merger, business combination, recapitalization or restructuring.  
1.Not a Contract of Employment. This Agreement is not a contract of employment and does not guarantee Executive employment for any specified period of time.

2.Waiver. No provisions of this Agreement may be modified, waived, or discharged unless such modification, waiver, or discharge is agreed to in writing signed by Executive and such officer (other than Executive) as may be specifically designated by the Board or an authorized committee thereof. No waiver by either party hereto at any time of any breach by the other party hereto of, or compliance with, any condition or provision of this Agreement to be performed by such other party shall be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time.
3.Choice of Law. This Agreement shall be governed by and construed in accordance with the laws of the state of Delaware, without regard to conflicts of laws principles of such state.
4.Entire Agreement. The Plan and this Agreement contain all of the understandings and representations between the Company and Executive relating to the Transaction Bonus and supersede all prior and contemporaneous understandings, discussions, agreements, representations, and warranties, both written and oral, with respect to any retention bonuses; provided, however, that this Agreement shall not supersede or modify any other agreements between the Company and Executive, and specifically, the Employment Agreement shall remain in full force and effect. 
5.Validity. The invalidity or unenforceability of any one or more provisions of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement, which shall remain in full force and effect.
6.Counterparts. This Agreement may be executed in one or more counterparts (including by facsimile or PDF form), each of which shall be deemed to be an original but all of which together will constitute one and the same instrument.
7.Assignment; Change in Control. The provisions of this Agreement shall bind and inure to the benefit of the Company and its successors and assigns. This Agreement and the rights and obligations of the parties thereunder may not be assigned, except that the Company may assign this Agreement to a person or entity that acquires, by merger, consolidation, purchase, or otherwise, a majority of the business, equity or operating assets of the Company. Where appropriate, the term “Company” as used in this Agreement shall also include any other successor or assign that assumes the Agreement.
8.Other Benefits. The Transaction Bonus is a special payment to Executive and is not intended to supersede or replace any other compensation payable to Executive and will not be taken into account in computing the amount of salary or compensation for purposes of determining any bonus, incentive, pension or retirement, death, or other benefit under any bonus, incentive, pension or retirement, insurance, or other employee benefit plan of the Company, unless such plan or agreement expressly provides otherwise.
9.Acknowledgements. Neither the Company nor the Board has made any warranty or representation to Executive with respect to the income tax consequences of this Agreement, and Executive represents that he or she is in no manner relying on such entities or any of their respective managers, directors, officers, employees or authorized representatives for tax advice or an assessment of tax consequences. By signing this Agreement, Executive acknowledges that Executive has had the opportunity to consult, at Executive’s expense and in connection with this Agreement, with any legal or tax consultants the Executive deems advisable.

IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement, effective as of the date of Executive’s signature below.
KLX ENERGY SERVICES HOLDINGS, INC.

By: ___________________________________
Name:  
Title:

Accepted and Agreed:

_______________________
[NAME]
Date:

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