Oncorus, Inc. announced on July 18, 2023, the company entered into a Lease Termination Agreement with IQHQ-4 Corporate, LLC (Landlord) for certain premises located at 4 Corporate Drive, Andover, Massachusetts 01810. The Lease Termination Agreement provides that the Lease Agreement entered into as of December 29, 2020, by and between the Company and Landlord, will terminate on July 31, 2023 (the Lease Termination Date). On before the Lease Termination Date, the Company is obligated under the Lease Termination Agreement to vacate and surrender the Premises consistent with the Company's surrender obligations under the Lease, including the surrender of all leasehold improvements remaining in the Premises.

Following the Lease Termination Date, the Company shall have no further right to possess, use, occupy, enter or otherwise enjoy the Premises, and the Company shall have no further obligations to the Landlord under the Lease. As consideration for Landlord?s agreement to enter into the Lease Termination Agreement and as full and final settlement of the Company's obligations to the Landlord under the Lease, the Landlord shall have the right to draw upon the full amount of a letter of credit that it currently holds under the Lease.