D-Wave subsidiary extends Richmond, B.C. lease 2 years at CAD $139,308/yr

D-Wave Quantum Inc.

Omni Circuit Boards Ltd. (wholly-owned sub) renewed lease termination from Dec 2022 to Dec 2024.
Annual basic rent increased to CAD $139,308, paid in monthly installments of CAD $11,609.
Right of first refusal under original lease not renewed; lease ends Dec 14, 2024 with no further renewal option.

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 Lease Renewal Agreement with 0937847 B.C. Ltd. valued at CAD $139,308 per year (effective 2022-10-14).

Action: amendment
Agreement: lease
Counterparty: 0937847 B.C. Ltd.
Value: CAD $139,308 per year
Effective: 2022-10-14

Exact text from the filing

On October 14, 2022, Omni Circuit Boards Ltd. (“Omni”), an indirectly, wholly-owned subsidiary of D-Wave Quantum Inc. (“D-Wave”), entered into a Lease Renewal Agreement with 0937847 B.C. Ltd. Under the Lease Renewal Agreement, Omni extended the termination date for its lease of approximately 7,000 square feet of space in Richmond, B.C. from December 2022 to December 2024. Under the Lease Renewal Agreement, Omni’s basic rent increased to CAD $139,308 per year.

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Source: SEC EDGAR

accession 0001193125-22-310072

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