Sublease Agreement Sec

Application for equipment pursuant to Rule 14a-12 of the Exchange Act (17 CFR 240.14a-12) Select the box below, if the filing of Form 8-K must simultaneously satisfy the registrant`s reporting requirement in accordance with any of the following provisions (see Policy Statement A.2 below): Indicate by a box whether the registrant is an emerging growth company within the meaning of Rule 405 of the Securities Act of 1933 (§230.405 of this Chapter) or the Rule 12b-2(d) e Securities Exchange Act of 1934 (§ 240.12b-2 of this Chapter). Point 1.01 Entry into an essential final agreement. If it is an emerging growth business, indicate by checkmark whether the registrant has chosen not to use the extended transition period to comply with new or revised accounting standards in accordance with Section 13(a) of the Exchange Act. ☐ In accordance with the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the duly authorized undersigned. (Previous name or address, if changed since last report) Date of notification (date of earliest reported occurrence): December 24, 2020 (registrant phone number, including indicative) Written notifications pursuant to Rule 425 of the Securities Act (17 CFR 230.425) (address of principal offices, including zip code) On November 4, 2020, Vir Biotechnology, Inc. (the Company) entered into a sublease agreement (the sublease) with DropBox, Inc. for approximately 133,896 square feet of space for office and laboratory use in San Francisco, California (sublet premises). The sublease began on December 24, 2020 and ends on August 30, 2033. The company has no option to extend the sublease. The company paid $0.5 million at the end of the sublease, which is a down payment for the first month of lease for each floor of the subleased space.

The base rent for sublet premises is subject to a reduction in rent from 60 days to 790 days, depending on the floor of the sublet premises, in order to allow for various leasehold improvements on the surface. The base rent is $47.44 per square foot for the first year of subletting, which will increase by 3% per year, and the company will begin paying rent for the entire sublease in 2022, when the base rent will be $0.6 million. The company is entitled to a rent improvement indemnity that must not exceed $10.5 million. With respect to the sublease, the company will retain a credit of $5.7 million in favour of the owner, subject to a reduction to $3.8 million after the 49th full calendar month of the sublease period. (Exact name of the declarant, as stated in its Charter) Titles registered in accordance with section 12(b) of the Act:. . . .