Ouster extends SF HQ lease to 2034; initial rent reduced to $50/sq ft

Ouster, Inc.

Lease extended 84 months to August 31, 2034; base rent initially $108,854/month ($50/sq ft) from Jan 2026, escalating to $137,893/month by 2034.
Rent abatement of $54,427/month for Jan–Aug 2026 (total $435,417); abated rent becomes due if default terminates lease.
Letter of credit reduced from $547,963 to $300,000; expiration extended to November 30, 2034.
Tenant retains one five-year extension option after 2034; no further rent reductions or purchase rights for building.
Tenant may perform improvements with allowance per Exhibit A; premises accepted 'as is'.

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