Item 1.01 Entry into a Material Definitive Agreement.
On May 11, 2021, Kura Oncology, Inc. (the "Company") entered into a lease (the
"Lease") with BP3-SD5 5510 Morehouse Drive LLC ("Landlord") for the lease of
approximately 5,315 square feet of rentable area of the building located at 5510
Morehouse Drive, San Diego, California (the "Premises"). The commencement date
of the Lease is expected to be August 10, 2021. The Company expects to use the
Premises for laboratory and general office use. The term of the Lease is
forty-eight months. The minimum rent payable by the Company under the Lease will
be approximately $23,700 per month for the first year of the Lease, which amount
will increase by 3.0% per year over the Lease term. The Company will also be
responsible for the payment of additional rent to cover the Company's share of
the annual operating expenses of the building, the annual tax expenses of the
building and the annual utilities costs for the building. In the event of a
default of certain of the Company's obligations under the Lease, Landlord would
have the right to terminate the Lease and recover certain unpaid rent and
expenses.
The foregoing description of the Lease does not purport to be complete and is
subject to, and qualified in its entirety by reference to, the full text of the
Lease. The Company intends to file a copy of the Lease with the Company's
Quarterly Report on Form 10-Q for the quarter ending June 30, 2021.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant.
The information set forth in Item 1.01 above is incorporated by reference
herein.
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KURA ONCOLOGY, INC. 
