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Item 1.01. Entry into a Material Definitive Agreement.
On August 30, 2023, Kura Oncology, Inc. (the “Company”) entered into a First Amendment to Lease Agreement (the “Amendment”) with East Office Operating Limited Partnership (“Landlord”), to amend that certain Lease, dated March 24, 2020, by and between the Company and the Landlord (the “Lease”), for the lease of 16,541 square feet of rentable area of the building located at Two Sea Port Lane, Boston, Massachusetts (the “Premises”). The Amendment extends the term of the Lease by seven years, such that the term will now expire on July 31, 2031 (such additional seven years, the “Extended Term”). The minimum rent payable by the Company during the Extended Term will be approximately $108,900 per month for the first year of the Extended Term, which amount will increase by 2.0% per year over the Extended Term. Pursuant to the Amendment, the Landlord shall provide the Tenant with a (i) rent credit in the total amount of approximately $544,500 to be applied as a credit, in equal monthly installments, against the rent payments due for the months of August 2023 through July 2024, inclusive and (ii) tenant improvement allowance in an amount not to exceed $827,050, in each case subject to certain conditions.
The foregoing description of the Amendment does not purport to be complete and is subject to, and qualified in its entirety by reference to, the full text of the Amendment. The Company intends to file a copy of the Amendment with the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2023.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
|KURA ONCOLOGY, INC.|
|Date: September 1, 2023||By:|
|Chief Legal Officer|