Item 1.02. Termination of Material Definitive Agreement
On January 5, 2023 (the "Effective Date"), Augmedix Bangladesh Ltd., a company
incorporated in Bangladesh under the provisions of the Companies Act, 1994 (the
"Tenant"), an indirect wholly-owned subsidiary of Augmedix, Inc., a Delaware
corporation (the "Company"), delivered written notice to terminate the Deed of
Quadripartite Agreement ("Lease") with Amin Mohammad Foundation Ltd., Amin
Mohammad Property Management Services Ltd. and the other landlords set forth in
the Lease (the "Lessors"), under which the Lessors were obligated to deliver
possession of the 10th, 11th, 12th and 13thfloors (the "Office Space") within
three (3) months of the date of execution of the Lease (the "Delivery
Deadline"). The Lessors did not deliver possession of the Office Space by the
Delivery Deadline and, pursuant to the terms of the Lease, the Tenant has
exercised its option to terminate the Lease, effective as of the Effective Date.
No termination fee is required to be paid to the Lessors.
A description of the material terms of the Lease was included in Item 1.01 of
the Current Report on Form 8-K filed with the Securities and Exchange Commission
on April 21, 2022 (the "Form 8-K"), which is incorporated herein by reference.
The description of the Lease incorporated by reference is not complete and is
subject to and qualified in its entirety by the Lease, a copy of which is filed
as Exhibit 10.1 of the Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
No. Description
104 Cover Page Interactive Data File--the cover page XBRL tags are embedded
within the Inline XBRL document.
1
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