D-Wave Quantum Amends Contribution Agreement with Canadian Government, Extends Project Completion to June 2023

D-Wave Quantum Inc.

Extended project completion date to June 30, 2023 under Amendment No. 2 to the Strategic Innovation Fund contribution agreement.
Added D-Wave Quantum Inc. as guarantor for performance and fulfillment of all obligations of subsidiary D-Wave Systems Inc.
Refined performance specifications and added new features to the statement of work, expanding development scope.
Adjusted repayment schedule to align with revised completion date and scope changes.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

D-Wave Quantum Inc. amended Amendment Agreement No. 2 to the Contribution Agreement with His Majesty the King in Right of Canada as represented by the Minister of Industry (effective 2023-04-19).

Action: amendment
Counterparty: His Majesty the King in Right of Canada as represented by the Minister of Industry
Effective: 2023-04-19

Exact text from the filing

D-Wave Quantum Inc. ("D-Wave") and D-Wave Systems Inc. (“D-Wave Systems), an indirect wholly-owned subsidiary of D‐Wave, entered into Amendment Agreement No. 2 to the Contribution Agreement (“Amendment No. 2”), dated April 19, 2023, with His Majesty the King in Right of Canada as represented by the Minister of Industry.

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Source: SEC EDGAR

accession 0001140361-23-019914

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