SUBLEASESublease • August 10th, 2021 • Atlas Crest Investment Corp. • Aircraft • California
THIS SUBLEASE (this “Sublease”) is dated for reference purposes as of July 1, 2020, and is made by and between Aurora Innovation, Inc., a Delaware corporation (“Sublessor”), and Archer Aviation, Inc., a Delaware corporation (“Sublessee”). Sublessor and Sublessee hereby agree as follows:
STORAGE/R&D SPACE LICENSE AGREEMENTStorage/R&d Space License Agreement • August 10th, 2021 • Atlas Crest Investment Corp. • Aircraft • California
LEASE NC INVESTMENTS, LLC, a Delaware limited liability company as Landlord, and ARCHER AVIATION INC., a Delaware corporation as TenantLease • August 10th, 2021 • Atlas Crest Investment Corp. • Aircraft • California
This Summary of Basic Lease Information (“Summary”) is hereby incorporated into and made a part of the attached Lease. Each reference in the Lease to any term of this Summary shall have the meaning as set forth in this Summary for such term. In the event of a conflict between the terms of this Summary and the Lease, the terms of the Lease shall prevail. Any capitalized terms used herein and not otherwise defined herein shall have the meaning as set forth in the Lease.
LEASE AGREEMENTLease Agreement • August 10th, 2021 • Atlas Crest Investment Corp. • Aircraft • California
THIS LEASE AGREEMENT is dated for reference purposes only as of this 11th day of December 2020, between Jack Dymond Lathing Co., LLC, a California limited liability company (“Landlord”), and the Tenant named below.
SUBLEASE AGREEMENT BETWEEN DELTA MIKE ENTERPRISES, LLC AND ARCHERSublease Agreement • August 10th, 2021 • Atlas Crest Investment Corp. • Aircraft • California
· In consideration for the Original Term and Renewal Term, Lessee agrees to a one-time payment to lessor on March 1, 2021 of forty-five thousand and 00/100 $45,00000. This payment of $45,000.00 will be used solely for the replacement and ADA compliance of exterior stairs on the southwest corner of the building, stairs inside on the west side of the building and an added door to the main hangar doors on the North East side of the building. These repairs are required for Lessees ingress and egress to leased areas. For consideration of these repairs lessor will discount first month’s rent by $3,000.00 and reimburse Lessee $45,000.00 in the form rental abatement of $1,596.52 per month for 23 months starting February 1, 2021.
