Item 1.01 Entry into a Material Definitive Agreement.
On September 13, 2022 (the "Effective Date"), Oncorus, Inc. (the "Company"),
entered into a second amendment (the "Lease Amendment") to its existing lease
with BMR-HAMPSHIRE LLC, a Delaware limited liability company (the "Landlord"),
dated as of May 10, 2016, as amended by that certain first amendment to the
lease dated as of November 17, 2016 (collectively, the "Existing Lease"),
whereby the Company leases approximately 17,800 square feet of laboratory and
office space from Landlord located at 50 Hampshire Street in Cambridge,
Massachusetts, which currently serves as the Company's principal executive
office. Pursuant to the Lease Amendment, the parties agreed to amend the Term
Expiration Date (as defined in the Existing Lease) to November 15, 2022. The
Existing Lease was previously scheduled to terminate, in accordance with its
terms, in January 2024. The Company did not incur any termination penalties in
connection with its execution of the Lease Amendment or the acceleration of the
Term Expiration Date.
The Lease Amendment was executed in connection with Company's previously
disclosed plans to relocate all of its operations to its approximately 105,000
square foot manufacturing facility in Andover, Massachusetts, of which
approximately 41,000 square feet is specifically dedicated to manufacturing
processes that are compliant with good manufacturing practices.
The foregoing description of the terms of the Lease Amendment is qualified in
its entirety by reference to the Lease Amendment, a copy of which is attached as
Exhibits 10.1 hereto and is incorporated by reference herein.
Item 1.02 Termination of a Material Definitive Agreement.
The information set forth in Item 1.01 of this Current Report on Form 8-K is
incorporated by reference into this Item 1.02.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit Number Description
10.1 Second Amendment to Lease, dated September 13, 2022
104 Cover Page Interactive Data File (embedded within the inline XBRL
document)
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