SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On May 13, 2021, Cortexyme, Inc. (the “Company”) entered into a Third Amendment to Sub-Sublease (the “Third Amendment”) with Verily Life Sciences LLC, which amended that certain Sub-Sublease dated as of June 18, 2018 (as amended by that certain Amendment 1 to Sub-Sublease, dated as of April 2, 2019, and that certain Second Amendment to Sub-Sublease, dated as of May 26, 2020, the “Existing Sub-Sublease”) pursuant to which the Company leases certain premises located at 259 East Grand Avenue in South San Francisco, California (the “Premises”). The Third Amendment modified the Existing Sub-Sublease to, among other things, (i) expand the Premises to include approximately 221 square feet of additional space, (ii) extend the term of the Existing Sub-Sublease by twelve (12) months expiring on July 15, 2022 (the “Extension Term”), and (iii) provide the Company with an option to renew the Existing Sub-Sublease for an additional twelve (12) months expiring on July 15, 2023 (the “Optional Extension Term”). The base rent for the Premises during the Extension Term and the Optional Extension Term will be $52,611 and $54,189 per month, respectively.
The foregoing summary of the Third Amendment does not purport to be complete and is qualified in its entirety by reference to the Third Amendment, a copy of which will be filed with the Company’s Quarterly Report on Form 10-Q for the quarter ending June 30, 2021.
ITEM 2.03 CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT
The disclosure included in Item 1.01 of this Current Report on Form 8-K is incorporated into this Item 2.03 by reference.
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 hereunto duly authorized.
|Date: May 18, 2021||Title:||Chief Legal and Administrative Officer and Corporate Secretary|