Item 1.01 Entry into a Material Definitive Agreement.
On January 14, 2021, Nkarta, Inc. (the "Company") entered into a Third Amendment
to Lease (the "Amendment") by and between the Company and HCP Life Science REIT,
Inc. (the "Landlord"), which amends that certain Lease, dated as of May 29, 2018
(as amended from time to time, the "2018 Lease"), by and between the Company and
the Landlord, for office and laboratory space in South San Francisco, California
(the "2018 Leased Premises"). The Amendment expands the 2018 Leased Premises to
include approximately an additional 5,601 square feet of space in Suite 201 and
Suite 203 (the "Third Expansion Premises") on the second floor of the Company's
headquarters at 6000 Shoreline Court in South San Francisco, California (the
"Building") for a total of 34,070 square feet, at the monthly base rent for the
Third Expansion Premises indicated in the table below:
Period Monthly Base Rent
April 1, 2021 - March 31, 2022 $18,203.25
April 1, 2022 - March 31, 2023 $18,840.36
April 1, 2023 - March 31, 2024 $19,499.78
The term for the Third Extension Premises commences on April 1, 2021 and expires
on March 31, 2024. The other terms of the 2018 Lease remain unchanged.
The foregoing summary of the Amendment does not purport to be complete and is
qualified in its entirety by reference to the Amendment, which the Company
expects to file as an exhibit to its Annual Report on Form 10-K for the year
ended December 31, 2020.
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