SEC Contract Filing

Filing Date: 2025-05-08

Document Content:
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<TYPE>EX-10.2
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<DESCRIPTION>EX-10.2
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<DIV><FONT size="1" style="font-size:1pt;color:white">Exhibit 10.2 Certain identified information has been excluded from this exhibit because it is both not material and is the type that the registrant treats as private or confidential. Such omitted information has been noted in this document with a placeholder identified by the mark &#8220;[***]&#8221;. First Amendment to Sublease Agreement This First Amendment to Sublease Agreement (this &#8220;Amendment&#8221;) is made and entered as of March 19, 2025 (&#8220;Effective Date&#8221;), by and between Turning Point Therapeutics, Inc., a Delaware corporation (&#8220;Sublandlord&#8221;), and Avidity Biosciences Inc., a Delaware corporation (&#8220;Subtenant&#8221;). RECITALS WHEREAS, HCP Callan Road, LLC, a Delaware limited liability company, and predecessor in interest to 3020-3030 CALLAN ROAD OWNER, L.L.C., a Delaware limited liability company (&#8220;Master Landlord&#8221;), and Sublandlord are parties to that certain Lease dated May 20, 2021 (&#8220;Original Lease&#8221;), as amended by that certain First Amendment to Lease, dated as of August 31, 2021, and that certain other First Amendment to Lease, dated as of September 16, 2022, and that certain Second Amendment to Lease, dated as of August 2, 2023, and that certain Fourth Amendment to Lease, dated as of April 29, 2024 (collectively, the &#8220;Master Lease&#8221;) whereby Sublandlord leases from Master Landlord certain premises consisting of two buildings described as Building A, comprising approximately 105,000 rentable square feet (&#8220;RSF&#8221;), and Building B, comprising approximately 80,000 RSF, within the project commonly known and located at 3020/3030 Callan Road, San Diego, California 92121 (the &#8220;Project&#8221;). WHEREAS, Sublandlord and Subtenant entered into that certain Sublease Agreement dated April 29, 2024 (&#8220;Sublease&#8221;) for the sublease of Building A. WHEREAS, Subtenant desires to exercise its Expansion Option and sublease Building B pursuant to the terms and conditions of the Sublease, as modified by this Amendment. WHEREAS, Sublandlord and Subtenant wish to enter into this Amendment to include Building B in the Premises and to set forth the terms and conditions for the sublease by Subtenant from Sublandlord of Building B (notwithstanding Section 6 of the Sublease). NOW THEREFORE, in consideration of $[***] and other good and valuable consideration, the receipt, sufficiency and delivery of which are hereby acknowledged, the Sublease is amended as follows: 1. Recitals and Capitalized Terms. The foregoing recitals are incorporated into this Amendment by this reference as if fully and completely set forth herein. All capitalized but undefined terms herein shall have the meanings ascribed in the Sublease. 2. Sublease of Building B. Sublandlord hereby subleases Building B, as illustrated in Exhibit A-1 of the Master Lease, to Subtenant and Subtenant hereby subleases Building B from Sublandlord, pursuant to the terms and conditions of the Sublease, as modified by this Amendment, and subject to the Consent (defined in Section 13 below). Subject to receipt of the Consent, the term of the sublease of Building B shall commence on the earlier of: (a) April 1, 2026; provided </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white">2 that if Sublandlord has failed to complete the Sublandlord Infrastructure Work (as defined below), such date shall be extended on a day for day basis until such obligations have been satisfied, (b) the date of issuance of the Certificate of Occupancy or its equivalent (i.e. temporary or final) by the City of San Diego Development Services Department for the occupancy of the entirety of Building B for the Intended Use, or (c) the date on which Subtenant begins conducting business in Building B (the &#8220;Building B Commencement Date&#8221;) and shall expire on April 30, 2035, unless earlier terminated pursuant to the terms of the Sublease (&#8220;Building B Term&#8221;). The &#8220;Sublease Term&#8221; shall include the Building A Term and the Building B Term. 3. Sublease Premises. From and after the Building B Commencement Date, the term &#8220;Premises&#8221; or &#8220;Sublease Premises&#8221; under the Sublease shall include the entire Project which is comprised of Building A and Building B. Notwithstanding the foregoing, from and after January 1, 2026, Subtenant shall assume all maintenance obligations of Tenant set forth in the Master Lease and Subtenant&#8217;s Share of Direct Expenses under the Master Lease. As used herein, &#8220;Subtenant&#8217;s Share&#8221; shall mean 100% from and after January 1, 2026. 4. Acceptance of Building B. The Subtenant shall accept Building B in the condition existing as of the Building B Access Date (as defined below) in its &#8220;AS IS&#8221; and &#8220;WHERE IS&#8221; condition, and Sublandlord makes no representation or warranty regarding Building B, except as expressly set forth in this Section 4 and Section 7.g. below. Each of Sublandlord and Subtenant represent to the other, without any duty to investigate, that it has no actual knowledge of any damage or defect with respect to Building B that would not be discoverable during a visual inspection. By taking possession of Building B, Subtenant is dee