Exhibit 10.17



 Exhibit 10.17 

CROFTON BUSINESS CENTRE 

OFFICE LEASE AGREEMENT 

THIS LEASE AGREEMENT is made this 18th day of July 2004, by and between William F. Chesley (“Landlord”) and SFA, Inc.
(“Tenant”). 
 WITNESSETH 

That for and in consideration of the rents, mutual covenants and agreements set forth in this Lease, Landlord and Tenant agree as
follows: 
 1. PREMISES 

1.01. Premises. Landlord leases to Tenant, and Tenant rents from Landlord, certain commercial space in the premises
known as Crofton Business Centre (the “Building”) located at 2200 Defense Highway, Crofton, Maryland 21114. The leased premises (“Premises”) consists of approximately 7,146 square feet of rentable area, as measured by the formula
attached hereto as Exhibit A on the 4th floor(s) of the
Building, as shown on the plan attached hereto as Exhibit B. 
 2. PREOCCUPANCY WORK AGREEMENT. 

2.01. Work Agreement. Landlord agrees to finish and improve the Premises in accordance with the work agreement attached hereto as Exhibit
C (the “Work Agreement”) and shall have no obligation to make any other improvements or alterations. The work required of Landlord under the terms and conditions of the Work Agreement is referred to in this Lease as “Landlord’s
Work”. 
 2.02 Acceptance of Premises. Upon taking possession and occupying the Premises, Tenant shall thereby be deemed to
have accepted the same and acknowledged the Premises, are in the condition called for hereunder. 
 3. TERM. 

3.01. Commencement Date and Length of Term. The term of this Lease (the “Term”) shall commence on the earlier to occur of
(a) March 1, 2005, (b) the date of actual possession of any portion of the Premises by Tenant, or (c) the date the Premises are “Ready for Occupancy” as described in the Work Agreement (“Commencement Date”),
and shall be for a period of five years and six months (5.5) years, plus the part of the month, if any, from the date of the commencement of the Lease Term to the first day of the first full calendar month thereof. 

If requested by Landlord, immediately after delivery of possession of the Premises to Tenant, or at any other time during the Term,
Tenant will execute a declaration, in the form attached hereto as Exhibit D, specifying the information called for in said form. 

3.02. Termination Date. The term shall end at midnight on the last day of the month which completed five years plus six months
(5.5) years from the end of the month during which the Term commenced unless the Term terminates sooner pursuant to any other provisions of this 







 
Lease or pursuant to law.                      and Landlord provided Tenant gives
Landlord 180 days written notice of desire to exercise this option. Landlord will allow Tenant the right of first offering on the contiguous space containing approximately 2100 square feet. Tenant will have five business days to accept the
additional space under the same terms and conditions of this lease agreement. 
 4. SECURITY DEPOSIT. 

4.01. Landlord hereby acknowledges receipt from Tenant of the sum of Thirteen Thousand, One Hundred One & 00/100 ($13,101.00)
(the “Deposit”) to be held by Landlord as security for the prompt payment of rent and the performance of Tenant’s other obligations under this Lease. If Tenant timely performs and observes all of the covenants and agreements required
of it under this Lease, then, at the end of the Term and within sixty (60) days following surrender of the Premises by Tenant to Landlord, the Deposit, without interest, less all expenses incurred by Landlord in cleaning and restoring the
Premises on termination of this Lease, shall be refunded to Tenant. If Tenant defaults in the payment of rent, additional rent or in the performance or observance of any other obligation on its part under this Lease, then Landlord may apply the
Deposit to the payment of rent or additional rent in default and/or to the damages and costs incurred by Landlord as a result promptly thereafter restore the Deposit to the original amount. The right of Landlord to apply the Deposit as above
specified shall not be construed as a limitation upon Landlord’s right to invoke any other remedy available under this Lease or at law or in equity for any breach of this Lease, or to collect the full amount of damages owed by Tenant on account
of any breach. 
 5. RENT 

5.01. Base Rent. Tenant shall pay Landlord during the Term base annual rent of One Hundred Fifty-Seven Thousand Two Hundred Twelve and
00/100 ($157,212.00) (“Base Rent”), payable in equal monthly installments of Thirteen Thousand, One Hundred One and 00/100 ($13,101.00), in advance on the first day of each and every calendar month during the Term. If the Commencement Date
is on a day other than the first day of a calendar month, rent for the period from the Commencement Date to the first day of the first full calendar month shall be prorated on a daily basis (using thirty days per month) and shall be due and payable
on the Commencement Date. Provided Tenant has complied with the terms and conditions of this lease agreement, Landlord agrees to waive the rent for month two of this lease agreement. 

5.02. Advance Rent. Tenant shall pay, upon the execution of this Lease, advance rent in the amount of ($13,101.00) (“Advance
Rent”) to be held as additional security and to be forfeited, without limitation of other remedies, for any defaults of this Lease by Tenant occurring prior to the Commencement Date. If no such default occurs, the Advance Rent shall be applied
by Landlord to the first installment of Base Rent payable by Tenant. Landlord shall not be required to escrow or otherwise segregate the Advance Rent, and no interest shall accrue or be paid or payable by Landlord in respect thereto. 

5.03. Additional Rent. During the Term of this Lease and any renewal or extension thereof, Tenant covenants and agrees to pay, as
additional rent, twelve percent (12%) (hereinafter Tenant’s “Proportionate Share”, determined by dividing the rentable area of the Premises by the 

 

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total number of square feet of rentable area in the building) of any and all Operating Costs (as defined in Section 9.01) and Real Estate Tax Expenses (as defined in Section 10.03) in
excess of a sum equal to actual expenses for 2005 adjusted to reflect 95% occupancy, if necessary multiplied by the total rentable area in the building as such area is determined from time to time by Landlord’s architect (hereinafter
“Adjustment Rent”). The payment of said Adjustment Rent shall be completed by Landlord on the basis of each fiscal year of the building (which building fiscal year may be on a calendar year basis or such other fiscal year as Landlord
determines in this sole discretion) during the Term of this Lease and any renewal or extension thereof. 
 5.04 Payment of
Adjustment Rent. After the expiration of the first calendar year following the Commencement Date of this Lease, and at the expiration of each calendar year thereafter, Landlord shall estimate and determine the amount of Adjustment Rent due and
payable by Tenant for the immediately preceding year and shall bill Tenant therefor, and Tenant shall pay Landlord any such Adjustment Rent to Landlord within thirty (30) days after such notice is sent to Tenant by Landlord. Adjustment Rent due
from Tenant shall be adjusted and pro-rated (as calculated and determined by Landlord) for any fraction of a calendar quarter or building fiscal year during which the Term commenced or at the expiration of the Term, however, Tenant’s obligation
to pay any accrued Adjustment Rent shall survive the expiration of any termination of this Lease. 
 5.05 Payments and Late
Charge. All payments or installments of any rent, additional rent, Adjustment Rent or other payments due hereunder (including, without limitation, payments for utility services) shall be paid to Landlord in Section 35 hereof, or as otherwise
designated by Landlord, without set-off, deduction, counterclaim, or demand. Tenant shall pay, as additional rent, a late charge equal to Five Percent (5) of the amount of any payment or installment of rent or additional rent payable hereunder
that is paid more than ten (10) days after the due date thereof. In addition, Tenant shall pay, as additional rent, all attorney’s fees, costs and expenses incurred by Landlord as a result of Tenant’s delinquent payment of rent,
additional rent or other payment due hereunder. 
 6. ADJUSTMENTS TO RENT 

6.01. Base Rent payable under Section 5 of this Lease shall be increased annually, commencing with the second year of the term of
this Lease and each year thereafter by a rate of three percent (3%) of the amount of the rent paid by Tenant during the year preceding each annual increase. 

7. TENANT’S BUSINESS OPERATIONS AND USE OF PREMISES. 

7.01 Tenant’s Business Operations. Tenant shall use and occupy the Premises solely for the purpose of carrying on the business of
general office in accordance with the use permitted under Anne Arundel County C-1-B Zoning District and in compliance with all applicable laws, ordinances and regulations. Tenant agrees and represents that no deviation from the specified use shall
be allowed for all or any portion of the Premises without the prior written consent of the Landlord, which consent may be withheld for any reason or without reason. 

 

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 7.02 Use of Premises. Tenant shall not use or occupy the Premises or use the Building for
any unlawful, disorderly, or hazardous purpose, or in a manner which will injure, annoy, or interfere with the rights of other tenants or their invitees. Tenant shall not commit or suffer to be committed any waste upon the Premises. Tenant will not
install any cigarette, food or beverage machines in or about the Premises. Tenant shall not bring or suffer to be brought onto the Premises or Building any hazardous material, or illegal or controlled substance. 

8. COMMON AREAS AND FACILITIES. 

8.01 Right to Use Common Areas and Facilities. During the term of this Lease, Tenant shall have a nonexclusive license to use, in common
with others, the hallways, courtyards, corridors, malls, elevators, visitor parking spaces, driveways, footways, loading facilities and other common areas and facilities (or as otherwise designated by Landlord), provided that Tenant abides by such
Rules and Regulations as Landlord may prescribe from time to time. Landlord shall at all times have full and exclusive control, management and direction of all common areas and facilities, and may close temporarily all or any portion of the common
areas as may be required for proper maintenance and/or repair, change the location, layout and arrangement of the common areas and facilities, driveways and footways from time to time, and perform such other acts in and to such areas that, in its
business judgment, Landlord shall determine to be advisable in order to improve the overall operation of the Building. 
 9.
OPERATING COSTS. 
 9.01. Operating Costs. “Operating Costs” as referred to in this Lease shall be those expenses paid
or incurred by Landlord during the building fiscal year in providing services and in connection with operating, maintaining and repairing the Building, in the manner deemed by Landlord, in its sole discretion, to be reasonable and appropriate in the
operation of the Building including, but not limited to, all costs and expenses of the following: 
 i. Operating, maintaining,
repairing, lighting, cleaning, painting, decorating and insuring (including, but not limited to, the costs of liability insurance for personal injury, bodily injury, death and property damage; workmen’s compensation insurance covering
personnel; rental insurance; and glass, fire and casualty insurance) the Building; 
 ii. Repairing or replacing paving, curbs,
walkways, roof, walls, windows, lighting facilities, floors, drainage, pipes, ducts, conduits and similar items; landscaping; and removing snow, ice and debris from the “common areas”; 

iii. Operating, maintaining and repairing the sprinkler system and all other central and common mechanical and electrical equipment
located in the Building, including the cost of any service contracts therefor; 
 iv. All utility expenses charged to the
Building such as gas, electric, sewer and water; 
 v. Cleaning, janitorial service, and trash removal from central trash
receptacles in and around the Building; 
 vi. All administrative costs and property management fees; 

 

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 vii. Taxes, sales and use taxes on supplies or services; 

viii. Should Landlord employ a security system (including employing security personnel), the costs of purchasing, operating and
maintaining any such security system, although Landlord shall not be obligated or required to employ any security system; 
 ix.
All other expenses which would be considered an expense of owning, maintaining, operating or repairing the Building under sound accounting principles, including but not limited to such license fees or other similar charges by any governmental body
for the privilege of renting or using the Premises, and the cost of any capital improvements which are made by Landlord, provided that the costs of each such capital improvement, together with any financing charges incurred in connection therewith,
shall be amortized over the useful life thereof and only that portion attributable to such Building fiscal year shall be included in Operating Expenses for such Building fiscal year. 

10. REAL ESTATE TAXES 

10.01. Real Estate Tax Expenses. “Real Estate Tax Expenses” as referred to in this Lease shall mean all taxes and assessments,
general or special, ordinary or extraordinary, foreseen or unforeseen, assessed, levied or imposed upon the fixtures, machinery, equipment or systems in, upon or used in connection with the operation of the Building under the current or any future
taxation or assessment system or modification of, supplement or substitute for such system, and whether or not based on or measured by the receipts or revenues from the Building or the land upon which the Building is located (the “Land”)
(including all taxes and assessments for public improvements or any other purpose and any gross receipts or similar tax purpose) for each Building fiscal year. Real Estate Tax Expenses shall include all reasonable expenses incurred by Landlord in
contesting any increase in taxes, rates or assessments, or in obtaining or attempting to obtain a reduction of such taxes, rates or assessments, including, without limitation, attorney’s fees. Real Estate Tax Expenses shall not include any
taxes on Tenant’s personal property, or taxes on the value of leasehold improvements owned by Tenant, but any such taxes shall be the sole obligation of Tenant and shall be paid by Tenant within thirty (30) days after notice from Landlord
that such taxes are due and payable. 
 11. UTILITIES AND SERVICES. 

So long as Tenant is not in default under this lease, Landlord shall provide the following facilities and services to Tenant: 

11.01. Elevator Service. At least one elevator subject to call at all times, including Sundays and holidays. 

11.02. Heating and Air Conditioning. Central heating and air conditioning from 8 a.m. under 6 p.m. on weekdays exclusive of holidays
(i.e., New Year’s Day, Washington’s Birthday, Memorial Day, Independence Day, Labor Day, Columbus Day, Veteran’s Day, Thanksgiving Day and Christmas Day), during the seasons of the year when these services are normally and usually
furnished, and within the temperature ranges and in such amount normally or usually furnished, in comparable office buildings in the Maryland Suburban/Washington, D.C. area. Landlord shall provide heat and air conditioning at other times at
Tenant’s expense. Such after- hour, 
  

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holiday or special weekend service rate shall be determined by Landlord and shall be charged to Tenant at the same rate charged to other tenants in the Building. Landlord reserves the right to
adjust from time-to-time, in its sole discretion, the rate of such services, provided the rate charged Tenant does not exceed the rate charged other tenants in the Building. 

11.03. Cleaning and Janitorial Service. Cleaning and janitorial service in Landlord’s standard manner. 

11.04. Electric Service. Electrical facilities to furnish sufficient electrical power to Tenant’s equipment installed in accordance
with Section 13 hereof. 
 11.05. Lighting Fixtures. Replacement of light tubes or bulbs for Building standard lighting
fixtures. Al light tube or bulb replacements for special nonstandard lighting fixtures shall be furnished and installed at Tenant’s expense. 

11.06. Rest Room Facilities. Rest room facilities and necessary lavatory supplies, including hot and cold running water at the points of
supply provided for general use of other tenants in the Building, and routine maintenance, painting and electric lighting service for all public and special service areas of the Building in such manner as Landlord deems reasonable. 

11.07. Access to Premises. Access to the Premises on a full-time twenty-four (24) hour basis, subject to such regulations as
Landlord may impose for security reasons. 
 11.08. Landlord Not Liable for Failure to Provide Services. Any failure by Landlord
to furnish the foregoing services resulting from Unavoidable Delays as hereinafter defined, or from temporary interruption of the foregoing services due to repairs or maintenance, shall not render Landlord liable in any respect for damages to either
person or property, not be construed as an eviction of Tenant, nor cause an abatement of rent, or relieve Tenant from Tenant’s obligations hereunder. For purposes of this Section 11 and of Section 32, Unavoidable Delays shall mean any
delay due to strikes, labor disputes, shortages of material, labor or energy, acts of God, governmental restrictions, enemy action, civil commotion, fire, unavoidable casualty, or other causes beyond the control of Landlord. 

11.09. Restriction of Services. If any public utility or governmental body shall require Landlord or Tenant to restrict the consumption
of any utility or reduce any service to the Premises or the Building, Landlord and Tenant shall comply with such requirements whether or not the utilities and services referred to in this Section are thereby reduced or otherwise affected, without
any reduction or adjustment of rent hereunder. 
 11.10. Access to Premises. Landlord and its agents shall be permitted
reasonable access to the Premises, and the right to install facilities within or through the Premises, in order to install and service the systems deemed necessary by Landlord to provide to other tenants of the Building the services and utilities
referred to in this Section. 
  

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 12. MAINTENANCE AND REPAIRS. 

12.01. Maintenance and Repairs. Tenant shall keep the interior of the Premises in good order and repair, and shall make all necessary
repairs and replacements (including replacement of all broken interior doors) at its own expense, except that all central or common mechanicals will be repaired by Landlord and Tenant will be billed therefor in accordance with Section 5.04.
Tenant will insure the risk of the maintenance of the interior plate glass. 
 12.02. Surrender of Premises. Tenant will
surrender the Premises in as good order and condition as when received, reasonable wear and tear excepted. 
 13. EQUIPMENT

 13.01. Equipment. Tenant shall not transport any safe, heavy machinery, heavy equipment (including computer terminals or other
computer equipment), bulky matters or fixtures into or out of the Building or Premises, nor shall Tenant install or operate in the Premises any equipment or other machinery, other than electric typewriters or word processing machines, adding
machines, personal computers, radios, televisions, tape recorders, dictaphones, bookkeeping machines, clocks, standard size office copiers and other machines requiring similar law electric consumption, nor shall Tenant install any equipment or
machinery which may necessitate any changes, replacement or additions to the water, heating, plumbing, air conditioning, or electrical systems of the Building without (a) first obtaining the prior written consent of Landlord (who may condition
such consent upon the payment by Tenant of Additional Rent in compensation for additional consumption of utilities or additional wiring needed for the equipment or machinery) and (b) securing any necessary permits from governmental authorities
and utilities companies and furnishing copies to Landlord. If any such equipment or machinery requires special handling, Tenant agrees to employ only persons holding the proper license to do said work and that all work performed shall comply with
any applicable federal state, city or other governing laws, rules or regulations. Tenant understands and agrees that it is liable for any damage done to the Building or Premises resulting from the movement of any equipment or machinery. Landlord
shall have the right to prescribe the maximum weight and position of safes and other heavy equipment or fixtures that Tenant desires to install in the Premises. 

13.02 Noise and Vibrations. Business machines and equipment belonging to Tenant which cause notes or vibration that may be transmitted to
any part of the Building to such a degree as to be objectionable to Landlord or to any other tenant shall be installed and maintained by Tenant, at Tenant’s expense, only if vibration eliminators or other devices sufficient to eliminate the
noise and vibration are installed. 
 14. LANDLORD’S SIGN POLICY 

14.01. Sign Policy. Landlord shall, at Tenant’s sole cost and expense, have prepared, in accordance with Tenant’s specification,
and thereafter install a sign containing Tenant’s name, business practice and suite location upon the exterior door of the Premises or such other location designated by Landlord, in accordance with the sign policy (“Sign Policy”) of
the Landlord attached hereto as Exhibit E. Tenant covenants and agrees to abide by the rules and regulations set forth in the Sign Policy and any reasonable amendments, changes or additions thereto. Other than as provided in Landlord’s Sign
Policy, Tenant will not place or suffer to be placed or maintained on the exterior of the Premises any other sign, advertising matter or any other thing of any kind whatsoever. Tenant further agrees to maintain its entrance door sign and any other
signs as may be approved by Landlord, and provided for in Landlord’s Sign Policy, in good condition and repair at all times. 
  

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 14.02. Tenant Directory. In the event that the Sign Policy of the Landlord provides for the
establishment of a “Tenant Directory” within the Building, Tenant shall have the right to have its name, business practice (if appropriate) and location placed on the Directory. The cost of the placement of Tenant’s name, business
practice and location on the Directory shall be borne by the Tenant. 
 15. ALTERATIONS BY TENANT. 

15.01 Alterations. Tenant will not make any alteration to the Premises or any part thereof without first obtaining Landlord’s written
approval of such alteration. In the absence of an agreement to the contrary, any alterations and other improvements and any equipment, machinery, furniture, furnishings, and other property installed or located in the Premises or the Building by or
on behalf of Landlord as defined hereinbelow) (a) immediately become the property of Landlord and (b) shall remain upon and be surrendered to Landlord with the Premises as a part thereof at the end of the Term; provided, however, that if
Tenant is not in default under this Lease, Tenant shall have the right to remove, prior to the end of the Term, Tenant’s Personal Property, and provided, further, that if the Landlord should elect that any alterations be removed, at the end of
the Term, Tenant shall cause the same to be removed at Tenant’s expense or reimburse Landlord for doing so. “Tenant’s Personal Property” shall mean all equipment, machinery, improvements, furniture, furnishings and/or other
property now or hereafter installed or placed in or on the Premises by and at the sole expense of Tenant with respect to which Tenant has not been granted any credit or allowance by Landlord, and which (i) is not used, or was not procured for
use, in connection with the operation, maintenance or protection of the Premises or the Building, (ii) is removable without damage to the Premises or the Building, and (iii) is not a replacement of any property of Landlord, whether such
replacement is made at Tenant’s expense or otherwise. Notwithstanding any other provision of this Lease, Tenant’s Personal Property shall not include any alterations, or any improvements or other property installed or placed in or on the
Premises as part of Landlord’s Work, whether or not any such alterations, improvements, or other property were at Tenant’s expense. 

15.02 Removal of Personal Property at End of Term. Tenant shall remove all Tenant’s Personal Property from the Premises at the
termination of this Lease. Any property belonging to Tenant or any other person which is left in the Premises after the date the Lease is terminated for any reason shall be deemed to have been abandoned. In such event, Landlord shall have the right
to declare itself owner of such property and to dispose of it in whatever manner Landlord considers appropriate without waiving its right to claim from Tenant all expenses and damages caused by Tenant’s failure to remove such property, and
Tenant shall not have any right to compensation or claim against Landlord as a result. 
 16. MECHANIC’S LIENS. 

16.01. If a Mechanic’s Lien or claim is filed against Landlord’s property because of work, labor or services performed or
materials furnished on behalf of Tenant or at the direction of Tenant or anyone authorized by Tenant, Tenant shall discharge such lien upon demand to the 

 

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satisfaction of Landlord, failing which may, in addition to any other right or remedy, discharge it by paying the amount claimed to be due. Any amount paid by Landlord and all related costs and
expenses (including attorney’s fees) plus fifteen percent (15%) of such amounts for Landlord’s administrative expenses shall be due and payable by Tenant as additional rent to Landlord on demand. The failure to pay such demand by
Tenant shall result in an additional charge equal to eighteen percent (18%) per annum on the unpaid sum until paid in full. Tenant shall provide Landlord a release of liens for any work on the Premises which may be performed on behalf of or
authorized by Tenant. 
 17, ENTRY UPON PREMISES. 

17.01 Landlord and its agent may at any reasonable time and without liability to Tenant, other than liability for personal injuries and
damages resulting directly from the negligence of Landlord or its agents, enter the Premises to examine them or to make alterations or repairs or for any purpose which Landlord considers necessary for the repair, operation, or maintenance of the
Building; provided, however, that if in Landlord’s opinion an emergency exists, Landlord may enter the Premises at any time, whether or not said entry is reasonable. Tenant shall allow the Premises to be exhibits by Landlord (i) at any
time by Landlord to any representatives of lending institutions or to any prospective purchasers of the Building, or (ii) within six (6) months of the end of the Lease Term to persons who may be interested in leasing the Premises.

 18. RULES AND REGULATIONS 

18.01. Rules and Regulations. Tenant covenants and agrees to be bound by the Rules and Regulations, as adopted, promulgated and amended
from time to time by Landlord, pertaining to and for the purpose of maintaining and operating all common areas and structures and improvements within the Building area in a clean and orderly manner, preserving the safety and welfare of all of the
tenants in the Building. A copy of the current Rules and Regulations is attached hereto and incorporated herein as Exhibit F. 

18.02 Breach of Rules and Regulations. If Tenant permits or causes any condition, action, omission or pattern of actions or omissions,
which in the sole judgment of Landlord violates any covenant or condition set forth in the Rules and Regulations or any amendment thereto, Landlord will give Tenant notice of the violation. If Tenant permits or causes the same or substantially
similar condition, action, omission or pattern of action or omission to occur or continue anytime after receiving notice from Landlord, Tenant will have materially breached this Lease. In such event, Landlord may terminate this Lease upon not less
than thirty (30) days notice to Tenant and/or take any other actions at law and/or in equity, as Landlord may desire, to recover damages, including attorney’s fees and lost rents, resulting from Tenant’s breach of the Lease and
violation of the Rules and Regulations and/or to obtain specific performance by Tenant in complying with all Rules and Regulations. Tenant agrees that is failure to comply with such Rules and Regulations will materially injure the operation of the
Building and will be harmful to Landlord and other tenants and occupants of the Building. Therefore, Tenant agrees that Landlord is and should be entitled to obtain injunctive relief against any violation by Tenant of such Rules and Regulations,
even though Landlord may have an adequate remedy at law. Regardless of Landlord’s rights, in the event Tenant violates any condition or covenant set forth in the Rules and Regulations, Landlord is not responsible or liable to Tenant for the
noncompliance, violation or breach of any other tenant or occupant of the Building. 
  

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 19. INDEMNITY OF LANDLORD BY TENANT 

19.01. Indemnification. Tenant will indemnify Landlord and save it harmless from and against any expenses (including reasonable
attorneys’ and other professional fees), loss or liability paid, suffered or incurred as the result of any breach by Tenant, Tenant’s agents, servants, employees, clients/customers, contractors, visitors or licensees, of any covenant or
condition of this Lease, and any and all claims, actions, damages, liability and expense in connection with loss of life, personal injury and/or damage to property arising from or out of the occupancy or use by Tenant of the Leased Premises or any
part thereof or any other part of the Building, occasioned wholly or in part by any act or omission of Tenant, Tenant’s agents, servants, employees, customers, contractors, visitors or licensees. 

20. LANDLORD NOT LIABLE FOR DAMAGE TO PERSONAL PROPERTY OR PERSONAL 

20.01. All property of Tenant, its agents or invitees, or of any other person, in or on the Premises or the Building, shall be and remain
at the sole risk of Tenant or such agent, invitee or person. Landlord shall not be liable for any damage to or theft or loss of such property, whether or not caused by the act or omission of any person, including Landlord or its agents or invitees,
or by the bursting, leaking or overflowing of water, sewer, stream or sprinkler pipes, heating or plumbing fixtures, air conditioning or heating failure, gas odors or noise, or damage resulting from water, rain, snow or dampness which may leak or
issue from or through any part of the Building, or any other act or thing, unless such damage to or theft or loss of such property results directly from the negligence of Landlord and then only to the extent that Tenant, its agents, invitees, or any
other persons are not compensated therefor by insurance. Furthermore, Landlord shall not be liable for the interruption of or loss to Tenant’s business that may result from any of the acts or causes described above except for liability for loss
resulting directly from the negligence of Landlord, and then only to the extent that Tenant, its agents, invitees, or any other persons are not compensated therefor by insurance. Landlord shall not be liable for any personal injury to Tenant, its
agents or invitees, or to any persons, arising from the use, occupancy or condition of the Premises or Building other than liability for personal injuries resulting directly from the negligence of Landlord, and then only to the extent that Tenant is
not compensated therefor by insurance. 
 21. FIRE AND OTHER CASUALTY 

21.01. If the Premises shall be damaged by fire or other casualty other than as a result of the fault or negligence of Tenant, and such
fire or other casualty is insured against by Landlord, and Landlord shall have received from such insurance sufficient proceeds to fully repair all of the damage caused by such fire and other casualty, Landlord shall repair the damage, provided that
Landlord shall have no obligation to repair damage to or replace Tenant’s Personal Property or any other property located in the Premises, and the Lease shall not terminate. Except as otherwise provided herein, if the entire Premises are
rendered untenantable by reason of any such damage, the rent shall abate for the period from the date of the damage to the date the damage is 

 

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repaired as determined by Landlord, and if only a part of the Premises are so rendered untenantable the rent shall abate for the same period in the proportion that the area of the untenantable
part bears to the total area of the Premises; provided, however, that if prior to the date when all the damage has been repaired part of the Premises so damaged are rendered tenantable and shall be or could be used or occupied by or through Tenant,
then the amount by which the rent abates shall be apportioned for the period from the date of such actual or available use or occupancy to the date when all the damage has been repaired as determined by Landlord. No compensation or reduction of rent
shall be paid or allowed by Landlord for interruption, inconvenience, annoyance, or injury to Tenant’s business arising from the need to repair the Premises or the Building. 

21.02 Notwithstanding the provisions above, if the Building shall be so damaged by fire or other casualty that, as determined by
Landlord, substantial reconstruction of the Building is required (whether or not the Premises have been damages or rendered untenantable), then Landlord, at its option, may give Tenant, within sixty (60) days after the fire or other casualty,
written notice of termination of this Lease and, in the event such notice is given, this Lease and the Term shall terminate (whether or not the Term shall have commenced) upon the expiration of thirty (30) days from the date of notice with the
same effect as if the date of expiration of the thirty days were the date initially fixed for expiration of the Term, and all rents shall be apportioned as of such date. 

21.03 If the Premises or the Building should be damaged by fire or other casualty due to the negligence or misconduct of Tenant, Landlord
shall have no obligation to repair the Premises or the Building, and this Lease shall, at Landlord’s option, not terminate and Landlord shall, at Tenant’s expense, have the right to pursue any legal and equitable remedies available to it.
If the fire or other casualty shall be the fault of the Tenant, Tenant’s employees and/or invitees, then Tenant shall pay to have the affected areas rebuilt. 

22,. TENANT INSURANCE 

22.01. Tenant, at Tenant’s expense, shall obtain and maintain in effect at all times during the Term insurance policies providing at
least the following insurance coverage: 
 i. A policy of fire and extended coverage insurance, i.e., an “all risk”
policy covering all Tenant’s Personal Property and all other property in the Premises and Building for not less than full replacement value. Any and all proceeds of such insurance shall be used only to repair or replace the items so insured.

 ii. A policy covering business interruption to Tenant’s business in an amount equal to one hundred percent
(100%) of the estimated gross annual income of Tenant’s business. 
 iii. A comprehensive general liability insurance
policy, naming Landlord and any mortgages of the Building as additional insured and protecting Landlord, Tenant and any such mortgagee against any liability for bodily injury, personal injury, death or property damage occurring upon, in or about the
Premises or the Building, or arising from any of the items set forth in Section 19 against which Tenant is required to indemnify Landlord, with such policy to afford protection with a limit of not less than One Million Dollars ($1,000,000) with
respect to 
  

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bodily injury, personal injury, or death to any one person, with a limit of not less than One Million Dollars ($1,000,000) with respect to bodily injury, personal injury, or death in any one
occurrence. Landlord may require Tenant, at Tenant’s expense, to increase the limits of said insurance during the Term, provided that the total premium for such increases shall not exceed by more than twenty-five percent (25%) the premium
for the limits in force at the time of the request. 
 22.02 All insurance policies required to be obtained and maintained by
Tenant under this Lease must (i) be issued by insurance companies approved by Landlord and must have form and content satisfactory to Landlord; (ii) be written as primary policy coverage and not contributing with or in excess of any
coverage which Landlord or its mortgagees may carry; (iii) contain an express waiver of any right of subrogation by the insurance company against Landlord, its mortgagees and its agents; and (iv) provide that the policy may not be
cancelled or non-renewed unless Landlord shall have received at least fifteen (15) days prior written notice of cancellation or non-renewal. Tenant shall deliver to Landlord certified copies, or duplicate originals, to each such policy or
renewed policy, together with evidence of payment of all applicable premiums, at least ten (10) days before the Lease Commencement Date and at least thirty (30) days before the application of the expiring policies previously furnished. Any
insurance required of Tenant under this Section may be carried under a blanket policy covering the Premises and other locations of Tenant, provided Tenant shall deliver to Landlord a duplicate original or certified copy of each blanket policy, or
other evidence satisfactory to Landlord of blanket coverage and provided further that said blanket policy shall specifically set forth the amount of insurance allocated to Tenant’s insurance requirements under this Lease. Neither the issuance
of any such insurance policy nor the minimum limits specified in this Section with respect to Tenant’s insurance coverage shall be deemed to limit or restrict in any way Tenant’s liability arising under or out of this Lease. 

22.03. In the event of increases in the insurance rates for fire insurance or other insurance carried by Landlord due to Tenant’s
activity or property on or about the Premises or the Building, or for improvements to the Premises other than Building Standard Improvements, for which Tenant is responsible, Tenant shall be liable for such increases and shall reimburse Landlord
immediately upon demand therefore. Statements by an insurance company or by the applicable insurance rating bureau that such increases are due to such activity, equipment or improvements shall be conclusive evidence for determining said liability of
Tenant. 
 23. WAIVER OF SUBROGATION 

23.01 Landlord and Tenant each hereby releases the other, its agents, invites, or visitors from any claim for damage or loss to any person
or to the Premises, the Building, any property contained therein, or any other property, caused by or resulting from any risks insured against under any insurance policies carried by Landlord or Tenant and in force at the time of any such damage or
loss to the extent such damage or loss is actually compensated by insurance proceeds, regardless of the cause of the damage or loss (including the negligence of Landlord or Tenant or their respective agents). 

 

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 24. CONDEMNATION 

24.01 Total Condemnation. If the whole or a substantial part of the Premises, the Building or the land on which the Building is situated
(the “Land”) is taken or condemned by any governmental authority for any purposes (or is granted to any governmental authority in lieu of condemnation, such granting being deemed a condemnation for purposes of this Lease). Landlord shall
have the right at its sole discretion to terminate the Lease upon sixty (60) days notice to Tenant, or the Term shall terminate as of the date title vests in the condemning authority, and the rent shall be abated on that date. 

24.02. Partial Condemnation. If less than a substantial part of the Premises, the Land or the Building is taken or condemned by any
governmental authority for any purpose, or if a substantial part of the Premises, the Land or the Building is taken or condemned by any government authority for any purpose, but Landlord does not elect to terminate this Lease pursuant to the
preceding paragraph, provided that at least some portion of the Premises is taken, the rent shall be equitably adjusted as of the date title vests in the authority and this Lease shall otherwise continue in full force and effect. For purposes of
this Section, a substantial part of the Premises, the Land or the Building shall be considered to have been taken or condemned if, in the sole opinion of Landlord, the taking or condemnation shall render it commercially undesirable for Landlord to
permit this Lease to continue or to continue operating the Building. 
 24.03. Award. Tenant shall have no claim against
Landlord arising out of the taking or condemnation, or arising out of the cancellation of this Lease, or for any portion of the amount that may be awarded as damages as a result of any taking or condemnation or for the value of any unexpired portion
of the Term or for any property other than Tenant’s Personal Property, and Tenant hereby assigns to Landlord all its rights, title and interest in and to any such award; provided, however, that in the event of a total taking, Tenant may assert
any claim it may have against the condemning authority for compensation for Tenant’s Personal Property and for any relocation expenses compensable by statute, and receive such awards as may be allowed in the condemnation proceedings if such
awards shall be made in addition to and stated separately from the award made for the Land, the Building and the Premises. Landlord shall have no obligation to contest any taking or condemnation. 

25. DEFAULT 

25.01 Events of Default. The following events shall be deemed to be events of default by Tenant under this Lease: 

i. Tenant shall fail to pay, when due, any installment of Base Rent, Additional Rent, Adjustment Rent or other sums payable by Tenant
hereunder; 
 ii. Tenant shall fail to comply with or observe any term, provision, covenant or condition of this Lease,
including the Rules and Regulations and Sign Policy attached hereto; 
 iii. Tenant or any guarantor of Tenant’s
obligations hereunder shall become insolvent or make an assignment or transfer for the benefit of creditors; 
 iv. Any petition
shall be filed by or against Tenant or any guarantor of Tenant’s obligations hereunder under any section or chapter of the National Bankruptcy Act, as amended, or under any similar law or statute of the United States or any State thereof; or
Tenant or any guarantor of Tenant’s obligations hereunder shall be adjudged bankrupt or insolvent in proceedings filed thereunder; 
  

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 v. A Receiver or Trustee shall be appointed for all or substantially all of the assets of
Tenant or any guarantor of Tenant’s obligations hereunder; 
 vi. Tenant admits its inability to pay its debts when due;

 vii. The leasehold interest of Tenant is levied under execution; 

viii. Tenant fails to take possession of the Premises as of the Lease Commencement Date or abandons or vacates any portion of the
Premises prior to the Termination Date; or 
 ix. If Tenant is a corporation or a general or limited partnership and if, at any
time after execution of this Lease, fifty percent (50%) of the corporate stock or partnership interests are transferred by sale, assignment, bequest, inheritance, operation of law or other disposition so as to result in a change in the present
control of said corporation or partnership. 
 25.02. Remedies of Landlord Upon Default. Upon the occurrence of any event of
default specified in this Lease, Landlord shall have the option to pursue any one or more of the following remedies in addition to and not in limitation of any other remedy permitted under law, without any notice or demand whatsoever: 

i. Terminate this Lease by written notice to Tenant, in which event Tenant shall immediately surrender the Premises to Landlord, and if
Tenant fails to do so, Landlord, may, without prejudice to any other remedy which it may have for possession or arrearage in rent, enter upon and take possession and expel or remove Tenant and any other person who may be occupying said Premises or
any part thereof, by force if necessary, without being liable for prosecution or any claim for damages therefor. 
 ii. Without
terminating this Lease, enter upon and take possession of the Premises and expel or remove Tenant and any other person who may be occupying the Premises or any part thereof, without being liable for prosecution or any claim for damages thereof and,
if Landlord so elects, relet the premises on such terms as Landlord shall deem advisable. 
 iii. Enter upon the Premises,
without being liable for prosecution or any claim for damages therefor and do whatever Tenant is obligated to do, under the terms of this Lease; and Tenant agrees to reimburse Landlord, upon demand for any expenses which Landlord may incur in
effecting compliance with Tenant’s obligations under this Lease and Tenant further agrees that Landlord shall not be liable for any damages resulting to the Tenant from such action. 

iv. Sell, at public or private sale, all or any part of the goods, chattels, fixtures and other personal property belonging to Tenant
which are or may be put in the Premises during the Term, whether exempt or not from sale under execution or attachment (it being agreed that said property shall at all times be bound with a lien in favor of Landlord and shall be chargeable for all
rent and for the fulfillment of the other covenants and agreements herein contained) and apply the proceeds of such sale, first, to the payment of all costs and expenses of conducting the sale (including attorney’s fees) or caring for or
storing said property; second, toward the payment of 
  

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any indebtedness, including, without limitation, indebtedness for rent which may be or may become due from Tenant to Landlord; and third, to pay the Tenant, on demand in writing, any surplus
remaining after all indebtedness of Tenant to Landlord has been fully paid. 
 25.03. Liability of Tenant Upon Default. Tenant
further agrees that notwithstanding any termination, re-entry, and/or re-letting pursuant to Section 25.02, Tenant shall remain liable for any rent, damages, and expenses of repossession, which may be due or sustained prior thereto, and all
reasonable costs, professional fees and expenses (including attorney’s fees) incurred by Landlord in pursuit of its remedies hereunder, or in leasing or attempting to lease the Premises to another Tenant, including any repairs or remodeling
undertaken by Landlord following repossession and Tenant shall further be liable for liquidated damages to be calculated in the following manner: Tenant shall pay an amount of money equal to the total rent which but for such termination would have
become payable during the unexpired portion of the lease term remaining at the time of such termination (including Base Rent, Additional Rent, Adjustment Rent, and all other sums payable hereunder), plus all costs of collecting said liquidated
damages, including attorney’s fees, less the amount of rent, if any, which Landlord may receive during such period from others to whom the Leased Premises may be rented on such terms and conditions and at such rentals as Landlord, in its sole
discretion, shall deem proper. Such liquidated damages shall be payable in monthly installments, in advance, on the first day of each calendar month following such termination and continuing until the date originally fixed herein for the expiration
of the Term. Any suit or action brought to collect the amount of any deficiency for any month or months shall not, in any manner, prejudice the right of landlord to collect any deficiency for any subsequent month or months by a similar proceeding.
Any additional rent due hereunder shall be payable, as part of such liquidated damages, on an annual basis provided therein during the remainder of the Term. Within one month after the termination date of this Lease, Landlord shall give a written
statement to Tenant showing all sums received from others to whom the Leased Premises may have been rented. In the event it appears that Tenant has paid a greater sum of money than is due, as determined by the terms of this paragraph (d) of
this Section, then, and in such event, Landlord will promptly refund to Tenant any such excess. 
 No re-entry or taking
possession of the Premises by Landlord shall be construed as an election on its part to terminate this Lease, unless a written notice of such intention is given to Tenant. Notwithstanding any such re-letting or re-entry or taking possession,
Landlord may at any time thereafter elect to terminate this Lease for a previous default. Landlord’s acceptance of rent following an event of default hereunder shall not be construed as Landlord’s waiver of such breach of any of the terms,
provisions and covenants herein contained nor shall any such acceptance of rent be deemed or construed to constitute a waiver of any other violation or default. 

25.04. Liability of Tenant for Renovation Expenses. Tenant agrees that if the Lease is terminated through default before the expiration
of the Term, Tenant shall reimburse Landlord for any landlord renovation or building expenses prorated on a monthly basis to the nearest full month for that portion of the lease remaining. The expenses may include but are not limited to painting,
carpeting, electrical work, and renovations. 
 25.05. Waiver of Jury Trial. Landlord and Tenant hereby waive trial by jury in
any action, proceeding or counter claim brought by either of them against the other with respect to any matter whatsoever arising out of or in any way connected with this Lease, the relationship of landlord and Tenant hereunder, Tenant’s use or
occupancy of the Premises or any claim of injury or damage. 
  

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 26. HOLDING OVER. 

26.01. Should Tenant remain in possession of all or any part of the Premises after the expiration of the term of this lease, such holding
over shall, in the absence of a written agreement to the contrary, be construed to create a tenancy from month to month, terminable on thirty (30) days written notice from either party to the other, at a monthly rental equal to the total of:
(1) 200% of the monthly installment of Base Rent (as adjusted) payable during the last month of the term of this Lease; (2) Tenant’s Proportionate Share of Operating Expenses and Real Estate Operating Expenses; and (3) all other
charges payable under this Lease. All terms and conditions of this lease shall remain in full force and effect during any month-to-month tenancy created hereunder. 

27. RIGHT OF LANDLORD TO CURE TENANT’S DEFAULT. 

27.01. If Tenant defaults in the making of any payment or in the doing of any act required to be made or done under this Lease by Tenant,
then Landlord may, but shall not be required to, make such payment or do such act, and, unless a different rate is specified herein, the expense thereof, if made or done by Landlord, with interest thereon at the rate of fifteen percent
(15%) from the date paid by Landlord shall be paid by Tenant to Landlord and shall constitute additional rent; but the making of such payment or the doing of such act by Landlord shall not operate to cure the default or to estop Landlord from
the pursuit of any remedy to which Landlord would otherwise be entitled. 
 28. WAIVER. 

28.01. No failure by landlord to insist upon the strict performance by Tenant of any provision of this Lease or to exercise any right or
remedy for default hereunder, and the acceptance by Landlord of full or partial rent during the continuance of any such default shall constitute a waiver of the default or of the provision, and no default shall be waived or modified except by
written instrument executed by Landlord. No waiver of any default or compromise or settlement of any proceeding instituted by Landlord shall affect or alter this Lease or constitute a waiver of any of its provisions, but each and every provision of
this Lease shall continue in full force and effect with respect to any other then existing or subsequent default. No payment by Tenant, or receipt by Landlord, of a lesser amount than the correct monthly Base Rent or Additional Rent shall be deemed
to be other than a payment on account, nor shall any endorsement or statement on any check or letter accompanying any check for payment of rent of any other amounts owed to Landlord effect or evidence an accord and satisfaction, and Landlord may
accept such check or payment without prejudice to Landlord’s right to recover the balance of the rent or other amount owed or to pursue any other remedy provided in this Lease or at law. No reentry by landlord, and no acceptance by Landlord of
keys from Tenant, shall operate as a termination of this Lease or a surrender of the Premises. 
  

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 29. SUBORDINATION, ATTORNMENT AND ESTOPPEL. 

29.01. Subordination. Tenant acknowledges and agrees that this Lease is subject and subordinate to the lien of any and all mortgages or
deeds of trust which may now or hereafter encumber or otherwise affect the Building or Land. If a mortgagee shall so elect by notice to Tenant or by the recording of a unilateral declaration of subordination, this Lease and Tenant’s rights
hereunder shall be superior and prior in right to the mortgage of which such mortgagee has the benefit, with the same force and effect as if this Lease had been executed, delivered and recorded prior to the execution, delivery and recording of each
mortgage subject, nevertheless, to such conditions as may be set forth in any such notice or declaration. Landlord will request a non-disturbance agreement from Lender. 

29.02. Attornment. Tenant shall accept performance of any of Landlord’s obligations hereunder by any mortgagee. 

29.03 Estoppel. Tenant shall, without charge and within ten (10) days after receipt of request therefor by Landlord, execute,
acknowledge and deliver to Landlord a written estoppel certificate certifying that Landlord is not in default of any covenant of this Lease and that the Lease has not been modified (or if there has been a modification that the Lease is in full force
and effect as modified and setting forth such modification), and specifying the dates, if any, to which any rent or other charges have been paid in advance. 

30. ASSIGNMENT AND SUBLETTING. 

30.01. Assignments Prohibited. Tenant shall not, without the prior consent of Landlord (which consent shall not be unreasonably withheld)
in each instance (i) assign or otherwise transfer, mortgage or otherwise encumber this Lease or any of its rights hereunder; (ii) assign or otherwise transfer this Lease to anyone other than Tenant or its agents; or (iii) permit the
assignment or other transfer of this Lease or any of Tenant’s rights hereunder by operation of law. Any attempted or proposed transfer, assignment, mortgaging or encumbering this Lease or any of Tenant’s interest thereunder and any
attempted or purported subletting or grant of a right to use or occupy all or a portion of the Premises in violation of the foregoing sentence shall be null and void and shall not confer any rights upon any purported transferee, assignee, mortgage,
subleasee, or occupant. 
 30.02. Landlord’s Option to Sublet. In addition, Tenant may not assign or transfer this lease,
nor subject (or permit occupancy or use of) the Premises, or any part thereof without giving Landlord thirty (30) days prior notice of Tenant’s intention to assign or sublet all or any part of the Premises. For thirty (30) days
following receipt of said notice, Landlord shall have the right, exercisable by sending notice to Tenant, to sublet from Tenant for the balance of the Term of this Lease all or a portion of the Premises in the event Tenant notified Landlord of its
intention to sublet the Premises or a portion thereof, at the same rental Tenant is obligated to pay Landlord hereunder. In the event Landlord does not exercise its right to sublet such space within thirty (30) days from receipt of said notice,
Tenant may assign or transfer or sublet such space if Tenant has obtained the prior written consent of Landlord. In the event that Tenant defaults hereunder, Tenant hereby assigns to Landlord the rent due from any approved subtenant and hereby
authorizes each such subtenant to pay said rent directly to landlord. The consent by Landlord to any assignment, transfer, or subletting to any part shall not be construed as a waiver or release of Tenant under the terms of any covenant or
obligation under this Lease, nor shall the 
  

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collection or acceptance of rent from any such assignee, transferee, subtenant or occupant constitute a waiver or release of Tenant of any covenant of obligation contained in this Lease, nor
shall any such assignment, transfer or subletting be construed to relieve Tenant from giving Landlord said thirty (30) days notice or from obtaining the Consent of Landlord to any further assignment, transfer or subletting. 

30.03. Excess Rents Payable to Landlord. In the event Landlord does not exercise its right to have all or a portion of the Premises, as
the case may be, subleased or assigned to it, but gives Tenant its consent to assign, transfer, or sublet all or a portion of the Premises to a third party, any monthly rent or other payment occurring to Tenant as the result of any such assignment,
transfer, or sublease which is in excess of the rent then payable by Tenant under the Lease, 50% of excess shall be paid by Tenant to the Landlord monthly as additional rent. Any subtenant shall provide Landlord with evidence satisfactory to
Landlord as to the amount of rent and other charges payable by subtenant upon demand. 
 30.04. Tenant Liable for Costs of
Assignment. Tenant shall be responsible for any costs and expenses, including attorney’s fees, incurred by Landlord in connection with any proposed or purported assignment, transfer or sublease. 

30.05. Prohibited Assignments. Anything contained in the foregoing provisions of this section notwithstanding, neither Tenant nor any
other person having an interest in the possession, use, occupancy or utilization of the Premises which provides for rental or other payment for such use, occupancy or utilization based, in whole or in part, on the net income or profits derived by
any person from the premises leased, used, occupied or utilized (other than an amount based on a fixed percentage or percentages of receipts or sales), and any such purported lease, sublease, license, concession or other agreement shall be
absolutely void and ineffective as a conveyance of any right to interest or in the possession, use, occupancy or utilization of any part of the Premises. 

31. TRANSFER BY LANDLORD. 

31.01. Landlord may freely assign or otherwise transfer all or any portion of its interest under this Lease or in the Premises or the
Building, and in the event of any such sale, assignment or other transfer, the party originally executing this Lease as landlord, and any successor or affiliate of such party shall, without further agreement between Landlord and Tenant or between
Landlord and/or Tenant and the person who is the purchaser, assignee or Landlord, be relieved of any and all of its obligations under this lease, and Tenant shall thereafter be bound to such purchaser, assignee or other transferee, as the case may
be, with the same effect as though the latter had been the original Landlord hereunder. 
 32. INABILITY TO PERFORM. 

32.01. This Lease and the obligations of Tenant to pay rent and perform all of the provisions on the part of Tenant to be performed
hereunder shall in no way be affected, impaired or excused, nor shall Tenant have any claim against the Landlord for damages because Landlord, due to Unavoidable Delays, is unable to fulfill any of its obligations under this Lease, including, but
not limited to, the obligations to supply any service expressed or implied to be supplied, make any repairs, replacements, additions, alterations, or decorations, or supply any improvements, utility, equipment, or fixture. 

 

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 32.02. BROKERS. 

33.01. Landlord and Tenant each represents and warrants to the other that (except as hereinafter Street forth) neither of them has
employed any broker in carrying on any negotiations relating to this Lease. Landlord and Tenant shall each indemnify and hold harmless the other from any claim for brokerage or other commission arising from or out of any breach of the foregoing
representation and warranty. Any representation or statement by a leasing company, broker, or any third party (or employee thereof) engaged by Landlord as an independent contractor which is made with regard to the Premises or the Building shall not
be binding upon Landlord nor serve as a modification of this Lease, and Landlord shall have no liability the for, except to the extent such representation is also contained herein or is approved in writing by Landlord. Landlord recognizes the Ezra
Company as broker for Tenant and agrees to pay a commission of 3.5% of the aggregate escalated base rent for the initial term of the Lease. 

34. RIGHTS RESERVED BY LANDLORD. 

34.01. Landlord shall have the following rights, exercisable without notice and without liability to Tenant for damage or injury to
property, person or business and without effecting an eviction, constructive or actual, or disturbance of Tenant’s use or possession of the Premises or giving rise to any claim for set-off or abatement of rent: 

i. To change the Building’s name or street address; 

ii. To install, affix, maintain and remove any and all signs on the exterior of the Building; 

iii. To designate and/or approve or disapprove, prior to installation, all window shades, blinds, drapes, awnings, window ventilators and
other similar equipment, and to control all internal lighting that may be visible from the exterior of the Building; 
 iv. To
decorate or make repairs, alterations, additions or improvements, whether structural or otherwise, in and about the Building or any part thereof, and for such purposes to enter the Premises, and during the continuance of any of such work, to
temporarily close doors, entry ways, common or public spaces and corridors in the Building and to interrupt or temporarily suspend Building services and facilities, all without affecting any of Tenant’s obligations hereunder, so long as the
Premises are reasonably accessible. 
 v. To grant to anyone the exclusive right to conduct any business or render any service
in the Building, provided such exclusive right shall not operate to exclude Tenant from the use expressly permitted herein; and 

vi. To retain absolute dominion and control over all common or public space within the Building notwithstanding any obligations of Tenant
to pay rent or expenses for a pro rata portion thereof. 
  

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 35. NOTICES. 

35.01. No notice request, consent, approval, waiver or other communication which may be or is required or permitted to be given under this
Lease shall be effective until the same is in writing and is delivered in person or sent by registered or certified mail, return receipt requested, first-class postage prepaid, addressed as follows: 

 

			
	If to Landlord:	  	 William F. Chesley
 222
Defense Highway #101
 Crofton, MD 21114

		
	With Copies To:	  	
		
	If to Tenant:	  	

  

			
	Prior to Lease Commencement Date:	  	After Lease Commencement Date:
		
	Attention:	  	Attention:

 or at any other address that may be given by
one party to the other party by notice in accordance with this Section. Such notices and other communications, if sent by registered or certified mail, shall be deemed to have been given at the time of mailing. If any Mortgagee shall notify Tenant
that it is the holder of a Mortgage affecting the Premises, no notice, request or demand thereafter sent by Tenant to Landlord shall be effective unless and until a copy of the same shall also be sent to such Mortgagee in the manner prescribed and
to such address as such Mortgagee shall designate. 
 36. LENDER APPROVAL. 

36.01. Lease Subject to Lender’s Approval. If at any time within sixty (60) days from the date hereof any of Landlord’s
mortgage lenders (the “Mortgagee”) fails to give its consent to this Lease, Landlord shall have the right, at its sole option, to terminate and cancel this Lease. Such option shall be exercisable by Landlord giving Tenant written notice of
such termination, whereupon this Lease shall be cancelled and terminated, and both Landlord and Tenant shall thereupon be relieved from any and all further liability or obligation hereunder. 

36.02. Modifications Required by Lender. In the event that any Mortgagee requires that modification to this Lease be obtained, and
provided that such modifications (i) do not substantially affect Tenant’s use of the Premises as herein permitted, and (ii) do not increase the rental and other sums required to be paid by Tenant hereunder, Landlord shall submit such
required modifications to Tenant, and if Tenant does not enter into and execute a written amendment hereto incorporating such required modifications within thirty (30) days after the same have been submitted to Tenant by Landlord, then Landlord
shall thereafter have the right, at its sole option, to terminate and cancel this Lease. Such option shall be exercisable by Landlord giving Tenant notice of such termination, whereupon this Lease shall be cancelled and terminated, and both Landlord
and Tenant shall thereupon be relieved from any and all further liability or obligation hereunder. 
  

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 37. MISCELLANEOUS PROVISIONS. 

37.01. Benefit and Burden. Except as otherwise set forth herein, the provisions of this Lease shall be binding upon and shall inure to the
benefit of the parties hereto and each of their respective successors and assigns. 
 37.02. Governing Law. This Lease shall be
construed and enforced in accordance with the laws of the State of Maryland. 
 37.03. No Partnership. Nothing contained in this
Lease shall be deemed or construed to create a partnership or joint venture of or between Landlord and Tenant, or to create any other relationship between the parties other than that of Landlord and Tenant. 

37.04. No Representations by Landlord. Neither Landlord nor any agent of Landlord has made any representations or promises with respect
to the Premises or the Building except as herein expressly set forth, and no rights, privileges, easements or licenses are granted to Tenant except as herein set forth. Tenant acknowledges that Tenant is aware that the Landlord, William F. Chesley,
is a licensed real estate broker in the state of Maryland and waives any conflict of interest on the Landlord’s part. 

37.05. Pronouns. Feminine or neuter pronouns shall be substituted for those of the masculine form, and the plural shall be substituted
for the singular number, in any place or places in this Lease in which the context may require such substitution or substitutions. For convenience the Landlord and Tenant have each been referred to in the neuter form to this Lease. 

37.06. Captions. The captions used herein are for convenience of reference only and are no part of this Lease, and shall in no way be
deemed to define, limit, describe, or modify the meaning of any provision of this Lease. 
 37.07. Meaning of Including.
Whenever the word “including” is used herein, it shall be deemed to mean “including but not limited to”. 

37.08. Invalidity of Particular Provisions. If any term or provision of this Lease or application thereof to any person or circumstance
shall, to any extent, be invalid or unenforceable, the remaining terms and provisions of this Lease, or the application of such term or provision to persons or circumstances other than those as to which it is held invalid or unenforceable, shall not
be effected thereby, and each term and provision of this Lease shall be valid and enforced to the fullest extent permitted by law. 

37.09. Counterparts. This Lease has been executed in several counterparts, but all counterparts shall constitute one and the same legal
document. 
 37.10. Entire Agreement. This Lease, and any exhibits and addenda attached hereto, contain and embody the entire
agreement of the parties hereto, and no representations, inducements or agreements, oral or otherwise, between the parties not contained in this Lease or in the exhibits or addenda, if any, shall be of any force or effect. This Lease may not be
modified, changed or terminated in whole or in part on any manner other than by an agreement in writing duly signed by the parties hereto. 
  

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 37.11. Mortgagee’s Liability. No Mortgagee not in possession of the Premises or the
Building shall have any liability hereunder. 
 38. ABOVE STANDARD IMPROVEMENTS CLAUSE. 

Landlord shall provide the Above Standard Improvements, which exceed the Tenant allowance as described in Exhibit C in this Lease and as
shown on Exhibit B. The Above Standard Improvements Costs shall be amortized over the term of the Lease, which shall include an interest carrying charge of twelve percent (12%). The Above Standard Improvements Costs shall be collected as rent to
Landlord and shall be subject to the terms and provisions of the Lease. 
 IN WITNESS WHEREOF, the parties hereto have set their
hands and seals as of the day and year first above written. 
  

					
	Witness:	 		 	Landlord:
			
	  
	 		 	  

		 		 	William F. Chesley
			
	Witness:	 		 	Tenant:
		 		 	SFA, Inc.
			
	  
	 		 	  

		 		 	By:
		 		 	Title:

  

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 The listed exhibits to this Lease have been omitted. Global Defense Technology & Systems, Inc. agrees to
furnish a copy of any omitted exhibit to the Securities and Exchange Commission upon request. 
  

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