SEC Contract Filing

Filing Date: 2021-06-14

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex_256831.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<p style="margin-bottom: 0px; text-align: right; margin-top: 0px"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt"><b>Exhibit 10.1</b></font></p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">SUBLEASE<b> </b></p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:25pt;">THIS SUBLEASE (&#8220;<b>Sublease</b>&#8221;) is entered into as of June 8, 2021 (the &#8220;<b>Effective Date</b>&#8221;), by and between <b>ARAVIVE, INC.</b>, a Delaware corporation (&#8220;<b>Sublandlord</b>&#8221;) and <b>GRAIL, INC.</b>, a Delaware corporation (&#8220;<b>Subtenant</b>&#8221;), with reference to the following facts:</p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:49pt;">A. Pursuant to that certain Lease Agreement dated March&nbsp;17, 2017, as amended by that certain Amendment to Lease dated December 14, 2017 (as amended, the &#8220;<b>Master Lease</b>&#8221;), Bohannon Associates, a California partnership (&#8220;<b>Landlord</b>&#8221;), leased to Versartis, Inc., Sublandlord&#8217;s predecessor in interest, as tenant, certain space (the &#8220;<b>Premises</b>&#8221;) consisting of approximately 34,464 rentable square feet (&#8220;<b>RSF</b>&#8221;) located in the building located at 1020 Marsh Road, Menlo Park, California (the &#8220;<b>Building</b>&#8221;). A true and correct copy of the Master Lease is attached hereto as <b>Exhibit A</b>. Capitalized terms used in this Sublease but not defined in this Sublease have the meanings set forth in the Master Lease.</p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:49pt;">B. Subtenant wishes to sublease from Sublandlord, and Sublandlord wishes to sublease to Subtenant, all of the Premises (the &#8220;<b>Subleased Premises</b>&#8221;).</p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:25pt;">NOW, THEREFORE, in consideration of the foregoing, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged by the parties, Sublandlord and Subtenant hereby agree as follows:</p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:25pt;">1. <u>Sublease</u>. Sublandlord hereby subleases to Subtenant and Subtenant hereby subleases from Sublandlord for the term, at the rental rate, and upon all of the conditions set forth herein, the Subleased Premises.</p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:25pt;">2. <u>Term</u>.</p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:49pt;">(a) <u>Generally</u>. The term of this Sublease (the &#8220;<b>Term</b>&#8221;) shall commence on the date (the &#8220;<b>Commencement Date</b>&#8221;) that is the later to occur of (i)&nbsp;the date upon which Sublandlord procures Landlord&#8217;s consent to this Sublease in accordance with Section&nbsp;6(f) (the &#8220;<b>Consent</b>&#8221;, and the date upon which Sublandlord procures the Consent being the &#8220;<b>Consent Date</b>&#8221;) and (ii) August 1, 2021, and end at 11:59 p.m. on October 31, 2024 (the &#8220;<b>Expiration Date</b>&#8221;), unless sooner terminated pursuant to any provision hereof. Upon the determination of the Commencement Date, Sublandlord and Subtenant will enter into a letter agreement in the form of <b>Exhibit B </b>attached hereto.</p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:49pt;">(b) <u>Adjustments</u>. Notwithstanding the provisions of Section&nbsp;2(a) above:</p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:80pt;">(i) if, as of the date that Sublandlord would otherwise deliver possession of the Subleased Premises to Subtenant as described in Section&nbsp;2(a) above, Subtenant has not delivered to Sublandlord (x)&nbsp;the prepaid Base Rent pursuant to the provisions of Section&nbsp;3(a)(i) below, (y) the Security Deposit pursuant to the provisions of Section&nbsp;4 below and (z) evidence of