# EDGAR Filing Document

**Accession Number:** 0001144879
**File Stem:** 0001493152-26-014498
**Filing Date:** 2026-4
**Character Count:** 123582
**Document Hash:** 6c2c50866200dad3cf1d68e629031333
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-26-014498.hdr.sgml**: 20260401

**ACCESSION NUMBER**: 0001493152-26-014498

**CONFORMED SUBMISSION TYPE**: 8-K/A

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20260330

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260401

**DATE AS OF CHANGE**: 20260401

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Applied Digital Corp.
- **CENTRAL INDEX KEY:** 0001144879
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 954863690
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** 8-K/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-31968
- **FILM NUMBER:** 26824650

**BUSINESS ADDRESS:**
- **STREET 1:** 3811 TURTLE CREEK BLVD., SUITE 2100
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75219
- **BUSINESS PHONE:** 214-556-2465

**MAIL ADDRESS:**
- **STREET 1:** 3811 TURTLE CREEK BLVD., SUITE 2100
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75219

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Applied Blockchain, Inc.
- **DATE OF NAME CHANGE:** 20210423

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Applied Science Products, Inc.
- **DATE OF NAME CHANGE:** 20110118

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FLIGHT SAFETY TECHNOLOGIES INC
- **DATE OF NAME CHANGE:** 20020926

?xml version='1.0' encoding='ASCII'?

**UNITED STATES SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**FORM 8-K/A**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported): March 30, 2026**

**APPLIED DIGITAL CORPORATION**

**(Exact name of registrant as specified in its charter)**

---

| | | |
|:---|:---|:---|
| **Nevada** | **001-31968** | **95-4863690** |
| **(State or other jurisdiction <br> of incorporation)** | **(Commission<br> File Number)** | **(IRS Employer<br> Identification No.)** |

---

---

| | |
|:---|:---|
| **3811 Turtle Creek Blvd.,**<br> **Suite 2100**<br> **Dallas, TX** | **75219** |
| **(Address of principal executive offices)** | **(Zip Code)** |

---

**Registrant's telephone number, including area code: 214-427-1704**

**(Former name or former address, if changed since last report.)**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

**Securities registered pursuant to Section 12(b) of the Act:**

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Common Stock | APLD | Nasdaq Global Select Market |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**EXPLANATORY NOTE**

This Current Report on Form 8-K/A amends the Current Report on Form 8-K filed by Applied Digital Corporation, a Nevada corporation (the "Company," "us") with the Securities and Exchange Commission (the "SEC") on June 2, 2025 (the "Original 8-K"). On March 30, 2026, the Company entered into a series of agreements intended to enhance the credit of the tenants under the data center leases for two of its three Polaris Forge 1 data centers in Ellendale, North Dakota: the Company's 100 MW data center ("ELN-02") and the Company's 150 MW data center ("ELN-03"), both currently leased to CoreWeave, Inc. ("CoreWeave Parent").

CoreWeave Parent informed us that it was refinancing certain of its debt obligations with respect to ELN-02 and ELN-03, and that the refinanced indebtedness received an investment grade credit rating of A3. These ratings compare favorably to CoreWeave Parent's credit rating of BB.

**Item 1.01 Entry into a Material Definitive Agreement.**

*First Amendment to ELN-02 Datacenter Lease and Entry Into New Datacenter Lease*

 

As previously reported, on May 28, 2025, APLD ELN-02 LLC, a subsidiary of the Company, entered into the datacenter lease with CoreWeave Parent (the "ELN-02 Parent Lease"), the material terms of which are described in the Original 8-K. On March 30, 2026, the Company and CoreWeave Parent amended the ELN-02 Parent Lease to suspend the term for two of the four data halls covered by the lease (the "ELN-02 Parent Lease Amendment") and the Company entered into a new datacenter lease with CoreWeave Compute Acquisition Co. VIII, LLC ("CoreWeave SPV"), a wholly owned subsidiary of CoreWeave Parent, for those two data halls on substantially the same terms as the ELN-02 Parent Lease (the "ELN-02 SPV Lease"). The ELN-02 SPV Lease is conterminous with the initial term of the ELN-02 Parent Lease. Upon the expiration or earlier termination of the ELN-02 SPV Lease, the suspended term under the ELN-02 Parent Lease will resume and all four data halls of ELN-02 will once again be governed by the ELN-02 Parent Lease.

 

*CoreWeave Parent Guaranty and Letter of Credit*

On March 30, 2026, as further credit enhancement, CoreWeave Parent delivered to APLD ELN-02 LLC an Unconditional Springing Guaranty of Payment and Performance (the "ELN-02 Guaranty") in connection with CoreWeave SPV's obligations under the ELN-02 SPV Lease.

In addition, CoreWeave Parent is obligated to provide a letter of credit in the amount of $50,000,000 to secure obligations under the ELN-02 Parent Lease within 30 days (the "Letter of Credit").

 

*ELN-03 Assignment and Assumption of Datacenter Lease*

 

As previously reported, on May 28, 2025, APLD ELN-03 LLC, a subsidiary of the Company, entered into the datacenter lease with CoreWeave Parent (the "ELN-03 Parent Lease"), the material terms of which are described in the Original 8-K. On March 30, 2026, CoreWeave Parent entered into an Assignment, Assumption and Consent Agreement with CoreWeave SPV and APLD ELN-03 LLC (the "Assignment Agreement"), assigning all of CoreWeave Parent's rights and obligations under the ELN-03 Parent Lease to CoreWeave SPV for the remaining term of the ELN-03 Parent Lease and releasing CoreWeave Parent from the ELN-03 Parent Lease. In addition, CoreWeave Parent also provided an Unconditional Springing Guaranty of Payment and Performance in connection with CoreWeave SPV's obligations under the ELN-03 Parent Lease (the "ELN-03 Guaranty"), similar to the ELN-02 Guaranty.

 

Based on the enhanced credit ratings of CoreWeave Parent's refinanced indebtedness for each of the ELN-02 and ELN-03 data center facilities, and the additional credit support provided, the Company has determined that the foregoing transactions are favorable to the holders of its 9.250% notes due 2030.

 

The foregoing description of the ELN-02 Parent Lease, ELN-03 Parent Lease, the ELN-02 Guaranty, the ELN-03 Guaranty and the Assignment Agreement do not purport to be complete and are qualified in their entirety by the full text of the ELN-02 Parent Lease, ELN-03 Parent Lease, the ELN-02 Guaranty, the ELN-03 Guaranty and the Assignment Agreement, copies of which are filed as Exhibit 10.1 and 10.2 to the Company's Current Report on Form 8-K filed with the SEC on June 2, 2025 and Exhibits 10.1, 10.2 and 10.3 to this Current Report on Form 8-K/A, respectively, and are incorporated by reference herein.

**Forward-Looking Statements**

This Current Report on Form 8-K/A and other reports filed by the Company from time to time with the SEC contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 regarding, among other things, future operating and financial performance, product development, market position, business strategy and objectives and future financing plans. These statements use words, and variations of words, such as "will," "intend," "continue," "build," "future," "increase," "drive," "believe," "look," "ahead," "confident," "deliver," "outlook," "expect," "project" and "predict." Other examples of forward-looking statements may include, but are not limited to, (i) statements that reflect perspectives and expectations regarding the Polaris Forge 1 datacenter leases, including the expected benefit of the refinancing indebtedness to the holders of the Company's 9.250% notes due 2030, (ii) statements about the high performance compute ("HPC") industry, (iii) statements of Company plans and objectives, including our evolving business model, or estimates or predictions of actions by suppliers, (iv) statements of future economic performance, (v) statements of assumptions underlying other statements and statements about the Company or its business and (vi) the Company's plans to obtain future project financing. You are cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events and thus are inherently subject to uncertainty. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the Company's expectations and projections. These risks, uncertainties, and other factors include: CoreWeave SPV's ability to perform its obligations with respect to the refinanced indebtedness, as well as the ELN-02 SPV Lease and ELN-03 Parent Lease following assignment; our ability to complete construction of our data center campuses as planned; the lead time of customer acquisition and leasing decisions and related internal approval processes; changes to artificial intelligence and high performance compute infrastructure needs and their impact on future plans; costs related to high performing compute operations and strategy; our ability to timely deliver any services required in connection with completion of installation under the lease agreements, including the ELN-02 SPV Lease and the ELN-03 Parent Lease as assigned; our ability to raise additional capital to fund the ongoing data center construction and operations; our ability to obtain financing of datacenter leases on acceptable financing terms, or at all; our dependence on principal customers, including our ability to execute and perform our obligations under our leases with key customers, including without limitation, the datacenter leases with CoreWeave at our Polaris Forge 1 campus, at future data centers and with future tenants; our ability to timely and successfully build new hosting facilities with the appropriate contractual margins and efficiencies; our ability to obtain adequate power for our data centers and on acceptable terms; power or other supply disruptions and equipment failures; the inability to comply with regulations, developments and changes in regulations; cash flow and access to capital; availability of financing to continue to grow our business; decline in demand for our products and services; maintenance of third party relationships; and conditions in the debt and equity capital markets. Information in this Current Report on Form 8-K/A is as of the dates and time periods indicated herein, and the Company does not undertake to update any of the information contained in these materials, except as required by law.

**Item 9.01 Financial Statements and Exhibits.**

(d) <u>Exhibits</u>.

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 10.1\*† | [Unconditional Springing Guaranty of Payment and Performance, dated March 30, 2026, by and between APLD ELN-02 LLC and CoreWeave, Inc.](ex10-1.htm) |
| 10.2\*† | [Unconditional Springing Guaranty of Payment and Performance, dated March 30, 2026, by and between APLD ELN-03 LLC and CoreWeave, Inc.](ex10-2.htm) |
| 10.3\* | [Assignment, Assumption and Consent, dated March 30, 2026, by and among APLD ELN-03 LLC, CoreWeave, Inc. and CoreWeave Compute Acquisition Co. VIII, LLC.](ex10-3.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

---

| | |
|:---|:---|
| \* | Portions of this document have been redacted pursuant to Item 601(b)(10)(iv) of Regulation S-K. |
| † | The schedules to this agreement have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The Company hereby agrees to furnish supplementally a copy of any omitted schedule to the SEC upon request. |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | | |
|:---|:---|:---|:---|
|  |  | **APPLIED DIGITAL CORPORATION** | **APPLIED DIGITAL CORPORATION** |
| Date: | April 1, 2026 | By: | */s/ Saidal L. Mohmand* |
|  |  | Name: | Saidal L. Mohmand |
|  |  | Title: | Chief Financial Officer |

---

## Exhibit 10.1

**Exhibit 10.1**

**CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) IS A TYPE OF INFORMATION THAT THE REGISTRANT TREATS AS PRIVATE OR CONFIDENTIAL. [\*\*\*] INDICATES THAT INFORMATION HAS BEEN REDACTED.**

**<u>UNCONDITIONAL SPRINGING GUARANTY OF PAYMENT AND PERFORMANCE</u>**

**THIS UNCONDITIONAL SPRINGING GUARANTY OF PAYMENT AND PERFORMANCE** (this "**Guaranty**") is made as of March 30, 2026 by **COREWEAVE, INC.**, a Delaware corporation ("**Guarantor**"), to **APLD ELN-02 LLC**, a Delaware limited liability company ("**Landlord**"), and is acknowledged and agreed to by Landlord.

**<u>R E C I T A L S</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. Landlord, as landlord, and Guarantor, as tenant, entered into that certain Datacenter Lease Building 2, dated as of May 28, 2025 (the "**Original Lease**");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. The Original Lease has been amended by that certain First Amendment to Datacenter Lease Building 2, dated as of the date hereof (the "**First Amendment**", with the Original Lease and as otherwise amended, supplemented and/or affected, collectively, the "**Lease**"), pursuant to which Landlord has agreed to remove the Phase 2/4 Space (as defined in the First Amendment) from the Tenant Space (as defined in the Original Lease), upon the terms and conditions more particularly set forth therein;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. Further, Landlord, as landlord, and CoreWeave Compute Acquisition Co. VIII, LLC, a Delaware limited liability company ("**SPV Tenant**"), as tenant, have entered into that certain Datacenter Lease Building 2 - SPV, dated as of the date hereof (the "**SPV Lease**"), pursuant to which SPV Tenant has leased the Phase 2/4 Space from Landlord, upon the terms and conditions more particularly set forth therein;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. In connection with the SPV Lease, SPV Tenant became an obligor under that certain Credit Agreement, dated as of March 30, 2026, by and among SPV Tenant, MUFG Bank Ltd., as administrative agent, U.S. Bank National Association, as depositary bank, U.S. Bank Trust Company, National Association, as collateral agent and the other financial institutions from time to time party thereto (as amended, restated, amended and restated, supplemented, renewed, replaced, and otherwise modified from time to time, the "**Equipment Financing**"); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E. SPV Tenant is a wholly owned subsidiary of Guarantor and Guarantor will derive substantial economic benefit from the execution and delivery of the SPV Lease.

**NOW, THEREFORE**, in consideration of Landlord's execution and delivery of the SPV Lease and of other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Guarantor covenants and agrees as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. **<u>DEFINITIONS</u>.** Capitalized terms used in this Guaranty and not otherwise defined herein have the meanings assigned to them in the SPV Lease.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. **<u>COVENANTS OF GUARANTOR</u>**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. Guarantor
 hereby agrees that upon, and from and after, the occurrence of any one or more of the Springing
 Events (defined below) (the date of such occurrence, the "**Springing Event Trigger Date** "), Guarantor absolutely, unconditionally and irrevocably guarantees, as a
 primary obligor and not merely as a surety: (i) the full and prompt payment of all Base Rent,
 Additional Rent and all other sums and charges of every type and nature payable by SPV Tenant
 under the SPV Lease, whether due by acceleration or otherwise, including costs and expenses
 of collection, and whether arising or accruing prior to, upon, or after the Springing Event
 (collectively, the "**Monetary Obligations** "), and (ii) the full, timely
 and complete performance of all covenants, terms, conditions, obligations, indemnities and
 agreements to be performed by SPV Tenant under the SPV Lease, including any indemnities or
 other obligations of SPV Tenant that survive the expiration or earlier termination of the
 SPV Lease, whether arising or accruing prior to, upon, or after the Springing Event (all
 of the obligations described in clauses (i) and (ii) are collectively referred to herein
 as the "**Obligations** "). Upon, and from and after, the occurrence of any
 one or more of the Springing Events, Guarantor will, upon demand from Landlord, promptly
 pay and perform all of the Obligations, when and as due as provided under the SPV Lease and
 immediately for any past due Obligations. As used herein, the term "**Springing Events** "
 shall include the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the
 receipt by the Equipment Financing of a debt rating that is [\*\*\*];

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the
 occurrence of (a) the expiration or earlier termination (for any or no reason) of the Colocation
 Agreement by and between SPV Tenant and its Colocation Customer, (b) any modification, amendment,
 waiver, restatement or restructuring of the Colocation Agreement which is material and adverse
 to the interests of the Landlord or (c) any event, with the giving of notice or passage of
 time or both, would constitute a breach or event of default under the Colocation Agreement
 and such breach or event of default would reasonably be expected to have a material and adverse
 impact on the interests of the Landlord or give the counterparty thereto the right to terminate
 or cease making, or materially reduce, payments under the Colocation Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the
 occurrence of any of the following with respect to SPV Tenant or Guarantor: (a) the commencement
 of a voluntary case under Title 11 of the United States Code (as now or hereafter amended
 or recodified, the "**Bankruptcy Code**") or any other federal or state bankruptcy,
 insolvency, receivership, reorganization, or similar law, or the commencement of any voluntary
 insolvency, bankruptcy, administration, receivership, liquidation, winding-up, reorganization,
 moratorium, composition, or similar proceeding under the laws of any jurisdiction outside
 the United States, (b) the commencement of an involuntary case against SPV Tenant or Guarantor
 under the Bankruptcy Code or any other federal or state bankruptcy, insolvency, receivership,
 reorganization, or similar law, or the commencement of any involuntary insolvency, bankruptcy,
 administration, receivership, liquidation, winding-up, reorganization, or similar proceeding
 against SPV Tenant or Guarantor under the laws of any jurisdiction outside the United States,
 (c) the consent to, support of, acquiescence in, or failure to timely contest (within the
 time period prescribed by Laws or court rule) any involuntary case or proceeding filed against
 SPV Tenant or Guarantor, whether under United States or non-United States law, or the entry
 of an order for relief or similar order in any such involuntary case or proceeding, (d) the
 filing of, or consent to the filing of, any petition, proceeding, or action seeking reorganization,
 arrangement, composition, adjustment, liquidation, dissolution, or similar relief with respect
 to SPV Tenant or Guarantor or its debts under the Bankruptcy Code or any other applicable
 federal, or state, or non-United States bankruptcy, insolvency, or similar law; (e) the appointment
 of, or application for the appointment of, or the consent to or acquiescence in the appointment
 of, a receiver, interim receiver, trustee, examiner, custodian, conservator, sequestrator,
 liquidator, rehabilitator, administrator, administrative receiver, or similar official for
 SPV Tenant or Guarantor or for all or a substantial portion of the assets or property of
 SPV Tenant or Guarantor, whether under the laws of the United States or any other jurisdiction;
 (f) the making of a general assignment for the benefit of creditors by SPV Tenant or Guarantor;
 (g) the admission in writing or in any legal proceeding by SPV Tenant or Guarantor of its
 insolvency or inability to pay its debts generally as they become due; (h) the dissolution,
 liquidation, or winding up of SPV Tenant or Guarantor, whether voluntary or involuntary,
 or the taking of any corporate or entity action to authorize or effect any of the foregoing;
 (i) SPV Tenant or Guarantor becoming subject to substantive consolidation, or any assets
 of SPV Tenant or Guarantor (including, without limitation, any rights, title or interest
 in or to the Equipment Financing or the SPV Lease) being substantively consolidated with
 or into the estate of SPV Tenant or Guarantor (or any other person or entity), whether pursuant
 to any order of any court or other governmental authority, by operation of law, or otherwise,
 in each case, in connection with any of the events or proceedings described in subclauses
 (a) through (h) of this clause (iii); or (j) all or substantially all assets of SPV Tenant
 (including, without limitation, any rights, title or interest in or to the Equipment Financing
 or the SPV Lease) being clawed back, avoided, recovered, or otherwise returned or transferred
 to or for the benefit of Guarantor (or its estate) or any other party, whether pursuant to
 any fraudulent transfer, fraudulent conveyance, preference, substantive consolidation, avoidance,
 or any other legal or equitable theory or proceeding, under the Bankruptcy Code or any other
 similar United States, state of the United States or non-United States law (each of the events
 in clauses (a) through and including (j), an "**Insolvency Event** ");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the
 occurrence of (i) any Event of Default (as defined in the Equipment Financing as in effect
 on the date hereof) related to an Insolvency Event or any monetary Event of Default, (ii)
 any Default (as defined in the Equipment Financing as in effect on the date hereof), the
 effect of which is to cause, with the giving of notice or the passage of time, or both, if
 required, the Equipment Financing to become due or to be repurchased, prepaid, defeased or
 redeemed (automatically or otherwise), or an offer to repurchase, prepay, defease or redeem
 such Equipment Financing to be made, prior to its stated maturity, (iii) the full refinancing
 (excluding, for the avoidance of doubt, any repricings), payment and/or satisfaction of the
 Equipment Financing, (iv) the occurrence of the maturity date under, or other full termination
 of, the Equipment Financing, or (v) any modification, amendment, waiver, restatement or restructuring
 of the Equipment Financing that is material and adverse to the interests of the Landlord;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) the
 occurrence of any Event of Default (as defined in the SPV Lease) by SPV Tenant beyond any
 applicable notice or cure period, or the occurrence of any event, with the giving of notice
 or passage of time or both, would constitute an Event of Default thereunder, or any expiration
 or earlier termination (for any or no reason, including without limitation, rejection in
 connection with an Insolvency Event) of the SPV Lease;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) the
 failure to timely provide the written notice required pursuant to Section 2(B) below;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) Guarantor
 fails to comply with the covenants set forth under Section 12 of this Guaranty;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) Guarantor
 fails to comply with the covenants set forth under Sections 2(E), 7, 9, 10 and 13(A)-(C)
 of this Guaranty and such failure continues for more than twenty (20) days after the earlier
 of (a) notice by Landlord to Guarantor of such breach, or (b) Guarantor first becoming aware
 of such breach; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) if
 the Guarantor shall seek to revoke, terminate or otherwise challenge or contest the validity
 of enforceability of this Guaranty.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. Guarantor
 shall provide written notice to Landlord of the occurrence of any Springing Event within
 [\*\*\*] days after the occurrence thereof, which notice shall contain a detailed explanation
 of such Springing Event along with copies of any relevant agreements or correspondence.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. Guarantor
 agrees with Landlord that (i) any action, suit or proceeding of any kind or nature whatsoever
 (an "**Action**") commenced by Landlord against Guarantor to collect Base
 Rent, Additional Rent and any other sums and charges due under the SPV Lease for any month
 or months shall not prejudice in any way Landlord's rights to collect any such amounts
 due for any subsequent month or months throughout the Lease Term in any subsequent Action,
 (ii) Landlord may, at its option, without prior notice or demand, join Guarantor in any Action
 against SPV Tenant in connection with or based upon either or both of the SPV Lease and any
 of the Obligations, (iii) Landlord may seek and obtain recovery against Guarantor in an Action
 (to the extent related to or based upon either or both of the SPV Lease and any of the Obligations)
 against SPV Tenant or in any independent Action (to the extent related to or based upon either
 or both of the SPV Lease and any of the Obligations) against Guarantor without Landlord first
 asserting, prosecuting, or exhausting any remedy or claim against SPV Tenant or against any
 security of SPV Tenant held by Landlord under the SPV Lease, (iv) Landlord may (but shall
 not be required to) exercise its rights against each of Guarantor and SPV Tenant concurrently,
 and (v) Guarantor will be conclusively bound by a judgment entered in any Action (to the
 extent related to or based upon either or both of the SPV Lease and any of the Obligations)
 in favor of Landlord against SPV Tenant, as if Guarantor were a party to such Action, irrespective
 of whether or not Guarantor is entered as a party or participates in such Action.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. Guarantor
 agrees that, in the event of the rejection or disaffirmance of the SPV Lease by SPV Tenant
 or SPV Tenant's trustee in bankruptcy, pursuant to bankruptcy law or any other law
 affecting creditors' rights, Guarantor will, if Landlord so requests, assume all obligations
 and liabilities of SPV Tenant under the SPV Lease, to the same extent as if Guarantor was
 a party to such document and there had been no such rejection or disaffirmance, and Guarantor
 will confirm such assumption, in writing, at the request of Landlord upon or after such rejection
 or disaffirmance. Guarantor, upon such assumption, shall have all rights of SPV Tenant under
 the SPV Lease to the fullest extent permitted by law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E. Prior
 to the Springing Event Trigger Date, the SPV Tenant shall maintain at least one "independent
 manager" or "independent director" whose qualifications and authority are
 consistent with and comply with the terms of the governance documents of the SPV Tenant as
 in effect as of the date hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3. <u>GUARANTOR'S OBLIGATIONS UNCONDITIONAL</u>.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. This
 Guaranty is an absolute and unconditional guaranty of payment and of performance, and not
 of collection, and shall be enforceable against Guarantor without the necessity of the commencement
 by Landlord of any Action against SPV Tenant, and without the necessity of any notice of
 nonpayment, nonperformance or nonobservance, or any notice of acceptance of this Guaranty,
 or of any other notice or demand to which Guarantor might otherwise be entitled, all of which
 Guarantor hereby expressly waives in advance. The obligations of Guarantor hereunder are
 independent of the obligations of SPV Tenant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. This
 Guaranty shall apply notwithstanding any extension or renewal of the SPV Lease or any renewal
 or extension of the Lease Term.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. This
 Guaranty is a continuing guarantee and will remain in full force and effect notwithstanding,
 and the liability of Guarantor hereunder shall be absolute and unconditional irrespective
 of any or all of the following: (i) any renewals, extensions, modifications, alterations
 or amendments of the SPV Lease (regardless of whether Landlord or Guarantor consented to
 or had notice of same); (ii) (intentionally deleted); (iii) Landlord's failure or delay
 to assert any claim or demand or to enforce any of its rights against SPV Tenant; (iv) any
 extension of time that may be granted by Landlord to SPV Tenant; (v) any assignment, disposition,
 conveyance, hypothecation, pledge, lien, encumbrance or transfer of all or any part of SPV
 Tenant's interest under the SPV Lease (whether by SPV Tenant, by operation of law,
 or otherwise, and whether or not consented by Landlord); (vi) any subletting, concession,
 franchising, licensing or permitting of the Premises or any portion thereof (whether or not
 consented by Landlord); (vii) any changed or different use of the Premises (or any portion
 thereof), whether or not consented by Landlord; (viii) any other dealings or matters occurring
 between Landlord and SPV Tenant; (ix) the taking by Landlord of any additional guarantees,
 or the receipt by Landlord of any collateral, from SPV Tenant or any other persons or entities;
 (x) the release by Landlord of any other guarantor; (xi) Landlord's release of any
 security provided under the SPV Lease; (xii) Landlord's failure to perfect any Landlord's
 lien or other lien or security interest available under any applicable statutes, ordinances,
 rules, regulations, codes, orders, requirements, directives, binding written interpretations
 and binding written policies, rulings, and decrees of all local, municipal, state and federal
 governments, departments, agencies, commissions, boards or political subdivisions ()"**Laws** ");
 (xiii) any assumption by any person of any or all of SPV Tenant's obligations under
 the SPV Lease, or SPV Tenant's assignment of any or all of its rights and interests
 under the SPV Lease (whether or not consented by Landlord); (xiv) the power or authority
 or lack thereof of SPV Tenant to execute, acknowledge or deliver the SPV Lease; (xv) the
 existence, non-existence or lapse at any time of SPV Tenant as a legal entity or the existence,
 non-existence or termination of any corporate, ownership, business or other relationship
 between SPV Tenant and Guarantor; (xvi) any sale or assignment by Landlord of any or all
 of this Guaranty, the Lease, and/or the SPV Lease (including, but not limited to, any direct
 or collateral assignment by Landlord to any mortgagee); (xvii) the solvency or lack of solvency
 of SPV Tenant at any time or from time to time; (xviii) any setoff, defense, counterclaim,
 abatement, recoupment, reduction, change in law or any other event or circumstance which
 might otherwise constitute a legal or equitable discharge or defense of a guarantor, indemnitor
 or surety under the laws of the State of New York, the state in which the Premises is located
 or any other jurisdiction; (xix) any action, inaction or election of remedies by Landlord
 which results in any impairment or destruction of any subrogation, indemnity, reimbursement
 or contribution rights of Guarantor or of any rights of Guarantor to proceed against any
 other person for reimbursement; or (xx) any other cause, whether similar or dissimilar to
 any of the foregoing, that might constitute a legal or equitable discharge of Guarantor (whether
 or not Guarantor shall have knowledge or notice thereof). Without in any way limiting the
 generality of the foregoing, Guarantor specifically agrees that (A) if SPV Tenant's
 obligations under the SPV Lease are modified or amended with the express written consent
 of Landlord, this Guaranty shall extend to such obligations as so amended or modified without
 notice to, consideration to, or the consent of, Guarantor, and (B) this Guaranty shall be
 applicable to any obligations of SPV Tenant arising in connection with an expiration or earlier
 termination (for any reason, including without limitation, rejection) of the SPV Lease, whether
 voluntary or otherwise. Guarantor hereby consents, prospectively, to Landlord's taking
 or entering into any or all of the foregoing actions or omissions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. Guarantor
 hereby expressly agrees that the validity of this Guaranty and the obligations of Guarantor
 hereunder shall in no way be terminated, affected, diminished or impaired by reason of the
 assertion or the failure to assert by Landlord against SPV Tenant, of any of the rights or
 remedies reserved to Landlord pursuant to the provisions of the SPV Lease or by relief of
 SPV Tenant from any of SPV Tenant's obligations under the SPV Lease or otherwise by
 (i) the release or discharge of SPV Tenant in any state or federal creditors' proceedings,
 receivership, bankruptcy or other proceeding; (ii) the impairment, limitation or modification
 of the liability of SPV Tenant or the estate of SPV Tenant in bankruptcy, or resulting from
 the operation of any present or future provision of the United States Bankruptcy Code (11
 U.S.C. § 101 et seq., as amended); or (iii) the rejection, disaffirmance or other termination
 of the SPV Lease in any such proceeding (i.e., any state or federal creditors' proceedings,
 receivership, or bankruptcy proceedings). This Guaranty shall continue to be effective if
 at any time the payment of any amount due under the SPV Lease or this Guaranty is rescinded
 or must otherwise be returned by Landlord for any reason, including, without limitation,
 any Insolvency Event of SPV Tenant, Guarantor or otherwise, all as though such payment had
 not been made, and, in such event, Guarantor shall pay to Landlord an amount equal to any
 such payment that has been rescinded or returned.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4. <u>WAIVERS OF GUARANTOR</u>.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. Without
 limitation of the foregoing, Guarantor waives (i) notice of acceptance of this Guaranty,
 protest, demand and dishonor, presentment, and demands of any kind now or hereafter provided
 for by any statute or rule of law or equity, (ii) notice of any actions taken by Landlord
 or SPV Tenant under the SPV Lease or any other agreement or instrument relating thereto,
 (iii) notice of any and all defaults by SPV Tenant in the payment of Base Rent, Additional
 Rent or any other charges or amounts, or of any other defaults by SPV Tenant under the SPV
 Lease, (iv) all other notices, demands and protests, and all other formalities of every kind
 in connection with the enforcement of the Obligations, omission of or delay in which, but
 for the provisions of this <u>Section 4</u>, might constitute grounds for relieving Guarantor
 of its obligations hereunder, (v) any requirement that Landlord protect, secure, perfect,
 insure or proceed against any security interest or lien, or any property subject thereto,
 or exhaust any right or take any action against SPV Tenant or any other person or entity
 (including any additional guarantor or Guarantor) or against any collateral, (vi) the benefit
 of any statute of limitations affecting Guarantor's liability under this Guaranty,
 and (vii) the right to revoke, amend, terminate, suspend or modify this Guaranty, in each
 case, other than in accordance with Section 11 of this Guaranty.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. GUARANTOR
 AND LANDLORD HEREBY WAIVE TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM BROUGHT
 BY ANY PERSON OR ENTITY WITH RESPECT TO ANY MATTER WHATSOEVER ARISING OUT OF OR IN ANY WAY
 CONNECTED WITH THIS GUARANTY; GUARANTOR SHALL NOT IMPOSE ANY COUNTERCLAIM OR COUNTERCLAIMS
 OR CLAIMS FOR SET-OFF, RECOUPMENT OR DEDUCTION OF RENT IN ANY ACTION BROUGHT BY LANDLORD
 AGAINST GUARANTOR UNDER THIS GUARANTY, EXCEPT TO THE EXTENT ANY SUCH COUNTERCLAIM OR COUNTERCLAIMS
 OR CLAIMS FOR SET-OFF, RECOUPMENT OR DEDUCTION OF RENT IN ANY ACTION ARE MANDATORY PURSUANT
 TO LAWS. GUARANTOR HEREBY WAIVES, BOTH WITH RESPECT TO THE SPV LEASE AND WITH RESPECT TO
 THIS GUARANTY, ANY AND ALL RIGHTS WHICH ARE WAIVED BY SPV TENANT UNDER THE SPV LEASE, IN
 THE SAME MANNER AS IF ALL SUCH WAIVERS WERE FULLY RESTATED HEREIN. THE LIABILITY OF GUARANTOR
 UNDER THIS GUARANTY IS PRIMARY AND UNCONDITIONAL.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. Guarantor
 expressly waives any and all rights to defenses arising by reason of (i) any "one-action"
 or "anti-deficiency" law or any other law that may prevent Landlord from bringing
 any action, including a claim for deficiency, against Guarantor before or after Landlord's
 commencement or completion of any action against SPV Tenant; (ii) ANY ELECTION OF REMEDIES
 BY LANDLORD (INCLUDING, WITHOUT LIMITATION, ANY TERMINATION OF THE SPV LEASE) THAT DESTROYS
 OR OTHERWISE ADVERSELY AFFECTS GUARANTOR'S SUBROGATION RIGHTS OR GUARANTOR'S
 RIGHTS TO PROCEED AGAINST SPV TENANT FOR REIMBURSEMENT; (iii) any disability, insolvency,
 bankruptcy, lack of authority or power, death, insanity, minority, dissolution, or other
 defense of SPV Tenant, of Guarantor, of any other guarantor (or any other Guarantor), or
 of any other person or entity, or by reason of the cessation of SPV Tenant's liability
 from any cause whatsoever; (iv) any right to claim discharge of any or all of the Obligations
 on the basis of unjustified impairment of any collateral for the Obligations; (v) any change
 in the relationship between Guarantor and SPV Tenant or any termination of such relationship;
 (vi) any irregularity, defect or unauthorized action by any or all of SPV Tenant, any other
 guarantor (or Guarantor) or surety, or any of their respective officers, directors or other
 agents in executing and delivering any instrument or agreements relating to the Obligations
 or in carrying out or attempting to carry out the terms of any such agreements; (vii) any
 assignment, endorsement or transfer, in whole or in part, of the Obligations, whether made
 with or without notice to or consent of Guarantor; (viii) the recovery from SPV Tenant or
 any other Person (including without limitation any other guarantor) becoming barred by any
 statute of limitations or being otherwise prevented; (ix) the benefits of any and all applicable
 statutes, laws, rules or regulations which may require the prior or concurrent joinder of
 any other party to any action on this Guaranty; (x) any release or other reduction of the
 Obligations arising as a result of the expansion, release, substitution, deletion, addition,
 or replacement (whether or not in accordance with the terms of the SPV Lease) of the Premises
 or any portion thereof; or (xi) any neglect, delay, omission, failure or refusal of Landlord
 to take or prosecute any action for the collection or enforcement of any of the Obligations
 or to foreclose or take or prosecute any action in connection with any lien or right of security
 (including perfection thereof) existing or to exist in connection with, or as security for,
 any of the Obligations, it being the intention hereof that Guarantor shall remain liable
 as a principal on the Obligations notwithstanding any act, omission or event that might,
 but for the provisions hereof, otherwise operate as a legal or equitable discharge of Guarantor.
 Guarantor hereby waives all defenses of a surety to which it may be entitled by statute or
 otherwise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. **<u>SUBORDINATION AND SUBROGATION</u>**. Guarantor shall not be subrogated, and hereby subordinates and postpones any claim or right against SPV Tenant by way of subrogation or otherwise, to any of the rights of Landlord under the SPV Lease or otherwise, or in the Phase 2/4 Space (or any portion thereof), which may arise by any of the provisions of this Guaranty or by reason of the performance by Guarantor of any of its Obligations hereunder. Guarantor shall look solely to SPV Tenant for any recoupment of any payments made or costs or expenses incurred by Guarantor pursuant to this Guaranty. If any amount shall be paid to Guarantor on account of such subrogation rights or otherwise at any time when all of the Obligations shall not have been paid and performed in full, Guarantor shall hold in trust for the Landlord and shall immediately deliver the payment to Landlord for credit against the then outstanding balance of the Obligations, whether matured or unmatured.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. **<u>REPRESENTATIONS AND WARRANTIES OF GUARANTOR</u>.** Guarantor represents and warrants to the Landlord that, as of the date hereof and, except in respect of clause (E) below, as of the Spring Event Trigger Date:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. Guarantor
 is a company formed under the laws of the State of Delaware; has all requisite power and
 authority to enter into and perform its obligations under this Guaranty; and this Guaranty
 is valid and binding upon and enforceable against Guarantor without the requirement of further
 action or condition.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. The
 execution, delivery and performance by Guarantor of this Guaranty does not and will not (i)
 except as would not reasonably be expected to have a material adverse effect, contravene
 any Laws, any order, writ, injunction, decree applicable to Guarantor, if applicable, or
 any contractual restriction binding on or affecting Guarantor or any of its properties or
 assets (ii) contravene the organizational documents of Guarantor, or (iii) result in or require
 the creation of any lien, security interest or other charge or encumbrance upon or with respect
 to any of its properties or assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. No
 approval, consent, exemption, authorization or other action by, or notice to, or filing with,
 any governmental authority is necessary or required in connection with the execution, delivery
 or performance by, or enforcement against, Guarantor of this Guaranty or any other instrument
 or agreement required hereunder, except (i) such as have been obtained or made and are in
 full force and effect, in each case, as of the date hereof and (ii) those approvals, consents,
 registrations, filings or other actions, the failure of which to obtain or make would not
 reasonably be expected to have a material adverse effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. There
 is no action, suit or proceeding pending or, to Guarantor's knowledge, threatened against
 or otherwise affecting Guarantor before any court or other governmental authority or any
 arbitrator that may materially adversely affect Guarantor's ability to perform its
 obligations under this Guaranty.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E. Guarantor's
 principal place of business is 290 W Mt Pleasant Ave, Suite 4100, Livingston, NJ 07039.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F. SPV
 Tenant is directly or indirectly owned and controlled by Guarantor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;G. Guarantor
 has derived or expects to derive financial and other advantages and benefits directly or
 indirectly, from Landlord and SPV Tenant entering into the SPV Lease and the payment and
 performance of the Obligations. Guarantor hereby acknowledges that Landlord will be relying
 upon Guarantor's guarantee, representations, warranties and covenants contained herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;H. Guarantor
 represents and warrants that, in its good faith judgment, the Obligations are subject to
 the occurrence of the Springing Events (rather than immediately from and after the execution
 and delivery hereof without the condition of the occurrence of the Springing Events) for
 the purposes of accommodating for the guidelines presented by the applicable Acceptable Ratings
 Agencies relating to the receipt of investment grade corporate or debt ratings.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. **<u>FINANCIAL STATEMENTS</u>**. (i) Within one hundred twenty (120) days after the end of each fiscal year of Guarantor, Guarantor shall provide complete financial statements of Guarantor audited by a nationally-recognized accounting firm, including a balance sheet, a profit and loss statement, a top-line gross receipts reports for such fiscal year of Guarantor and (ii) if requested in writing by Landlord, within forty-five (45) days after the end of each fiscal quarter of Guarantor, complete unaudited financial statements of the Guarantor including a balance sheet, a profit and loss statement, and a top-line gross receipts reports for such fiscal quarter of Guarantor (the "**Financial Information**"). Notwithstanding the foregoing, so long as Guarantor is a publicly-traded company and all of the Financial Information otherwise required to be provided by Guarantor to Landlord in accordance with this Section 7 is filed with the SEC and is publicly available, Guarantor shall not be required to deliver such Financial Information to Landlord.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. Guarantor's
 Financial Information shall be prepared in accordance with GAAP and shall be certified as
 true and correct by a financial officer of Guarantor's business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. If
 Guarantor or its affiliate is a publicly-traded company, the Financial Information may be
 included in Guarantor's required public filings with the SEC on an annual basis in
 satisfaction of the requirements of SEC Regulation S-X.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. **<u>NOTICES</u>.** Any consents, notices, demands, requests, approvals or other communications given under this Guaranty shall be in writing and shall be given as provided in the Original Lease, as follows or to such other addresses as either Landlord or Guarantor (as applicable) may designate by notice given to the other in accordance with the provisions of this <u>Section 8</u>:

---

| | |
|:---|:---|
| If to Guarantor:<br>CoreWeave, Inc.<br> 290 W Mt Pleasant Ave, Suite 4100<br> Livingston, NJ 07039<br> Attention: Legal<br> Email: [\*\*\*]<br>| If to Landlord:<br>c/o Applied Digital Corporation<br> 3811 Turtle Creek Blvd, Suite 2100<br> Dallas, TX 75219<br> Attention: Mark A. Chavez, General Counsel<br> Email: [\*\*\*] |
| with a copy to: | With a copy to: |
| Allen Matkins Leck Gamble Mallory and<br> Natsis LLP599 Lexington Avenue, 38th<br> FloorNew York, NY 10022<br> Attention: Alykhan Shivji<br> Email: ashivji@allenmatkins.com | Stutzman, Bromberg, Esserman & Plifka<br> 2323 Bryan Street, Suite 2200<br> Dallas, TX 75201<br> Attn: Noah K. Hansford<br> Email: hansford@sbep-law.com |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. **<u>CONSENT TO JURISDICTION</u>**. Guarantor hereby (a) consents and submits to the jurisdiction of the state and federal courts located in each of the State in which the Property is located and the State of New York, with respect to any dispute arising, directly or indirectly, out of this Guaranty, (b) waives any objections which the undersigned may have to the laying of venue in any such suit, action or proceeding in either such court, and (c) agrees to join Landlord in any petition for removal to either such court. The undersigned hereby acknowledges and agrees that Landlord may obtain personal jurisdiction and perfect service of process through SPV Tenant as the undersigned agent, or by any other means now or hereafter permitted by Laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. **<u>ESTOPPEL CERTIFICATE</u>**. Guarantor shall, from time to time within fifteen (15) days after receipt of Landlord's request, execute, acknowledge and deliver to Landlord an estoppel certificate in the form attached hereto as **Exhibit A**. Such certificate may be relied upon by Landlord and any prospective purchaser, landlord or lender of all or a portion of the Building (or any portion thereof).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. **<u>TERMINATION</u>**. This Guaranty is effective as of the date hereof and shall continue in full force and effect, until all of the Obligations are fully and finally paid and performed and SPV Tenant has no further obligation under the SPV Lease. The Obligations shall not be considered fully and finally paid and performed unless and until all payments by SPV Tenant to Landlord are no longer subject to any right on the part of any person, including SPV Tenant, SPV Tenant as a debtor-in-possession, or any trustee in bankruptcy, to require Landlord to disgorge such payments or to seek to recoup all or any portion of such payments. Accordingly, this Guaranty shall continue to be effective or be reinstated, as applicable, if at any time the payment or performance of all or any portion of the Obligations is rescinded or reduced in amount or must otherwise be restored or returned by Landlord, whether as a "voidable preference" or "fraudulent conveyance," or under any Laws, including the United States Bankruptcy Code or otherwise, all as though such payment or performance had not been made, and Guarantor will indemnify, defend, and hold Landlord and the Indemnified Parties harmless for, from and against, any and all liabilities incurred by Landlord in connection with such remission, rescission or restoration.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. **<u>LEASE L/C</u>**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. **Delivery and Amount of Lease L/C**. On or prior to the date that is [\*\*\*] after the date hereof, Guarantor shall, at Guarantor's sole cost and expense, obtain and deliver to Landlord one Lease L/C to be issued for the benefit of Landlord, in an aggregate amount equal to [\*\*\*] (the "**Required L/C Amount**"). Guarantor shall maintain the Lease L/C in the Required L/C Amount at all times during the Term.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. **Draw Rights**. Landlord is hereby authorized to draw on any Lease L/C, in whole or in part, at any time and from time to time, without notice to Guarantor, if any of the following occurs: (1) an Event of Default by Tenant (as defined in the Lease) beyond any applicable notice or cure period; (2) any Lease L/C is not renewed or replaced at least [\*\*\*] days prior to its stated expiration date; (3) the issuer of any Lease L/C ceases to be an Acceptable Issuer and a replacement Lease L/C has not been obtained from an Acceptable Issuer within the earlier of (x) [\*\*\*] days after such issuer ceases to be an Acceptable Issuer and (y) ten [\*\*\*] days prior to the stated expiration date of such Lease L/C; (4) the issuer of any Lease L/C notifies the Landlord that it will not renew such Lease L/C and a replacement Lease L/C has not been obtained from an Acceptable Issuer on or prior to the date that is [\*\*\*] days prior to the stated expiration date of such Lease L/C; or (5) the occurrence of any Insolvency Event with respect to Guarantor. Landlord shall solely apply the proceeds of any such draw to any Monetary Obligations due and unpaid under the Lease and/or to cure any default of Guarantor under the Lease. No draw on any Lease L/C shall prevent Landlord from exercising any other remedy available to Landlord under this Guaranty or under the Lease, at law, or in equity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. **Replenishment**. If Landlord draws on any Lease L/C for any reason, Guarantor shall, within thirty (30) days after receipt of written notice from Landlord, deliver to Landlord a replacement Lease L/C or an amendment to the existing Lease L/C restoring the aggregate face amount of all Lease L/C to the Required L/C Amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. **Replacement of Lease L/C**. If at any time the issuer of any Lease L/C ceases to be an Acceptable Issuer, Guarantor shall, within thirty (30) days after receipt of written notice from Landlord (or, if earlier, within five (5) Business Days prior to the stated expiration date of such Lease L/C), deliver to Landlord a replacement Lease L/C issued by an Acceptable Issuer in the Required L/C Amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E. **Transfer and Assignment**. In the event of any sale, assignment, or other transfer of Landlord's interest in the Lease (and solely to the extent such sale, assignment or other transfer is permitted under the Lease), Landlord shall have the right to transfer or assign any Lease L/C to such transferee, and Guarantor shall cooperate with such transfer, including by delivering any replacement Lease L/C that may be required in connection therewith.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F. **Costs and Expenses**. All reasonable, documented and invoiced costs and expenses incurred by Landlord in connection with any draw or transfer of a Lease L/C, including any reasonable, documented and invoiced costs of drawing, transfer, or enforcement, shall be paid by Guarantor within thirty (30) days after written demand.

"**Acceptable Issuer**" shall mean a bank or trust company that (a) is chartered under the laws of the United States of America or a political subdivision thereof or is a United States branch of a foreign bank and (b) has a rating for its long-term unsecured and non-credit-enhanced debt obligations of at least (i) A- or higher by Standard & Poor's, (ii) A- or higher by Fitch Ratings, or (iii) A3 or higher by Moody's Investors Service. In the event an issuer's credit rating is downgraded below any of the foregoing thresholds, such issuer shall immediately cease to be an Acceptable Issuer. It is agreed and understood that JPMorgan Chase Bank, N.A. (and its affiliates) shall be deemed an Acceptable Issuer.

"**Lease L/C**" shall mean an irrevocable, unconditional, standby letter of credit issued by an Acceptable Issuer for the benefit of Landlord, in form and substance reasonably satisfactory to Landlord, which (a) permits partial and multiple draws, (b) provides for payment upon presentation of only the Lease L/C and a sight draft, (c) is transferable by Landlord without the consent of Guarantor or the issuer, (d) has an initial term of not less than one (1) year and contains an "evergreen" provision providing for automatic renewal for successive one (1) year periods unless the issuer provides Landlord with written notice of non-renewal prior to the then-current expiration date, and (e) is governed by the International Standby Practices (ISP98) or the Uniform Customs and Practice for Documentary Credits (UCP 600), or any successor rules thereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13. **<u>MISCELLANEOUS</u>**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. Subject
 to the immediately succeeding sentence, the Landlord may not assign this Guaranty in whole
 or in part without the consent of the Guarantor. Guarantor agrees that Landlord may, without
 notice, assign this Guaranty in whole or in part to an assignee solely to the extent the
 Landlord has assigned the SPV Lease to such assignee in accordance with the terms of the
 SPV Lease. If Landlord disposes of its interest in the SPV Lease in accordance with the terms
 therein, "**Landlord**," as used in this Guaranty, shall mean such Landlord's
 permitted successors and assigns. Guarantor may not assign this Guaranty in whole or in part
 without the consent of Landlord, in Landlord's sole and absolute discretion, and any
 attempted or purported assignment without such Landlord consent shall be deemed void *ab initio*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. If
 any legal action or proceeding is commenced to interpret or enforce the terms of, or obligations
 arising out of, this Guaranty, or to recover damages for the breach thereof, the party prevailing
 in any such action or proceedings shall be entitled to recover from the non-prevailing party
 all attorneys' fees and reasonable costs and expenses incurred by the prevailing party.
 As used herein, "attorneys' fees" shall mean the reasonable and documented
 out of pocket fees and expenses of counsel to the parties hereto, which may include printing,
 photocopying, duplicating and other expenses, air freight charges, and fees billed for law
 clerks, paralegals, librarians and others not admitted to the bar but performing services
 under the supervision of an attorney. The term "attorneys' fees" shall
 also include, without limitation, all such fees and expenses incurred with respect to appeals,
 arbitrations and bankruptcy proceedings.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. If
 any portion of this Guaranty shall be deemed invalid, unenforceable or illegal for any reason,
 such invalidity, unenforceability or illegality shall not affect the balance of this Guaranty,
 which shall remain in full force and effect to the maximum permitted extent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. The
 provisions, covenants and guaranties of this Guaranty shall be binding upon Guarantor and
 its heirs, successors, legal representatives and assigns (it being understood that Guarantor
 shall not have the right to assign its obligations under this Guaranty without the prior
 written consent of Landlord in Landlord's sole and absolute discretion), and shall
 inure to the benefit of Landlord and its successors and assigns, and shall not be deemed
 waived or modified unless such waiver or modification is specifically set forth in writing,
 executed by Landlord or its successors and assigns, and delivered to Guarantor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E. Whenever
 the words "include", "includes", or "including" are used
 in this Guaranty, they shall be deemed to be followed by the words "without limitation",
 and, whenever the circumstances or the context requires, the singular shall be construed
 as the plural, the masculine shall be construed as the feminine and/or the neuter and <u>vice versa</u>. This Guaranty shall be interpreted and enforced without the aid of any canon,
 custom or rule of law requiring or suggesting construction against the party drafting or
 causing the drafting of the provision in question.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F. Each
 of the rights and remedies herein provided are cumulative and not exclusive of any rights
 or remedies provided by law or in the SPV Lease or this Guaranty.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;G. The
 provisions of this Guaranty shall be governed by and interpreted solely in accordance with
 the internal laws of the State of New York, without giving effect to the principles of conflicts
 of law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;H. Time
 is of the essence with respect to all agreements and obligations of Guarantor contained in
 this Guaranty.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I. The
 Recitals set forth above are hereby incorporated by this reference and made a part of this
 Guaranty. Guarantor hereby represents and warrants that as of the date of this Guaranty the
 Recitals are true and correct.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;J. This
 Guaranty may not be amended except to the extent agreed to by Guarantor and Landlord in writing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;K. For
 the avoidance of doubt, that certain Assignment, Assumption Consent, dated as of the date
 hereof, by and among, the Landlord, SPV Tenant and Guarantor (the "**Assignment of Lease** "), including, without limitation, the release provided in this Section 15
 of the Assignment of Lease, shall not impair, limit, modify, termination, eliminate or reduce
 the Obligation.

SIGNATURE PAGE TO FOLLOW

IN WITNESS WHEREOF, the undersigned has executed this Unconditional Springing Guaranty of Payment and Performance effective as of the date first written above.

---

| | |
|:---|:---|
| **GUARANTOR:** | **GUARANTOR:** |
| **CoreWeave, Inc.**, a Delaware corporation | **CoreWeave, Inc.**, a Delaware corporation |
| */s/ Michael Intrator* | */s/ Michael Intrator* |
| By: | Michael Intrator |
| Name: | President and Chief Executive Officer |

---

STATE OF <u>New York</u>) <br> COUNTY OF <u>New York)</u>

I, the undersigned authority, a Notary Public in and for said County in said State, hereby certify that Michael Intrator, whose name as President & CEO of CW, Inc., a DE corp, is signed to the foregoing instrument, and who is known to me, acknowledged before me on this day that, being informed of the contents of said instrument, he, as such officer and with full authority, executed the same voluntarily for and as the act of said corporation, acting in its capacity as President & CEO of said limited liability company as aforesaid.

Given under my hand and official seal, this 25th day of March, 2026.

---

| | |
|:---|:---|
|  | */s/ Eashaa Parekh* |
|  | Notary Public |
| AFFIX SEAL |  |
| My commission expires: |  |

---

ACKNOWLEDGED AND AGREED as of the date set forth below:

---

| | |
|:---|:---|
| **LANDLORD**: | **LANDLORD**: |
| **APLD ELN-02 LLC,** | **APLD ELN-02 LLC,** |
| a Delaware limited liability company | a Delaware limited liability company |
| By: | */s/ Saidal Mohmand* |
| Name: | Saidal Mohmand |
| Title: | Chief Financial Officer |

---

## Exhibit 10.2

**Exhibit 10.2**

**CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) IS A TYPE OF INFORMATION THAT THE REGISTRANT TREATS AS PRIVATE OR CONFIDENTIAL. [\*\*\*] INDICATES THAT INFORMATION HAS BEEN REDACTED.**

**<u>UNCONDITIONAL SPRINGING GUARANTY OF PAYMENT AND PERFORMANCE</u>**

**THIS UNCONDITIONAL SPRINGING GUARANTY OF PAYMENT AND PERFORMANCE** (this "**Guaranty**") is made as of March 30, 2026 by **COREWEAVE, INC.**, a Delaware corporation ("**Guarantor**"), to **APLD ELN-03 LLC**, a Delaware limited liability company ("**Landlord**"), and is acknowledged and agreed to by Landlord.

**<u>R E C I T A L S</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. Landlord, as landlord, and Guarantor, as tenant, entered into that certain Datacenter Lease Building 3, dated as of May 28, 2025 (the "**Lease**");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. Pursuant to that certain Assignment, Assumption and Consent, dated as of the date hereof (the "**Assignment**"), Guarantor, assigned all of its rights and obligations as tenant under the Lease to CoreWeave Compute Acquisition Co. VIII, LLC, a Delaware limited liability company ("**SPV Tenant**"), and SPV Tenant accepted such assignment and agreed to assume all of the obligations as tenant under the Lease, upon the terms and conditions more particularly set forth therein;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. In connection with the Assignment, SPV Tenant became an obligor under that certain Credit Agreement, dated as of March 30, 2026, by and among SPV Tenant, MUFG Bank Ltd., as administrative agent, U.S. Bank National Association, as depositary bank, U.S. Bank Trust Company, National Association, as collateral agent and the other financial institutions from time to time party thereto (as amended, restated, amended and restated, supplemented, renewed, replaced, and otherwise modified from time to time, the "**Equipment Financing**"); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. SPV Tenant is a wholly owned subsidiary of Guarantor and Guarantor will derive substantial economic benefit from the execution and delivery of the Assignment.

**NOW, THEREFORE**, in consideration of Landlord's execution and delivery of the Assignment and of other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Guarantor covenants and agrees as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. **<u>DEFINITIONS</u>.** Capitalized terms used in this Guaranty and not otherwise defined herein have the meanings assigned to them in the Lease.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. **<u>COVENANTS OF GUARANTOR</u>**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. Guarantor
 hereby agrees that upon, and from and after, the occurrence of any one or more of the Springing
 Events (defined below) (the date of such occurrence, the "**Springing Event Trigger Date** "), Guarantor absolutely, unconditionally and irrevocably guarantees, as a
 primary obligor and not merely as a surety: (i) the full and prompt payment of all Base Rent,
 Additional Rent and all other sums and charges of every type and nature payable by SPV Tenant
 under the Lease, whether due by acceleration or otherwise, including costs and expenses of
 collection, and whether arising or accruing prior to, upon, or after the Springing Event
 (collectively, the "**Monetary Obligations** "), and (ii) the full, timely
 and complete performance of all covenants, terms, conditions, obligations, indemnities and
 agreements to be performed by SPV Tenant under the Lease, including any indemnities or other
 obligations of SPV Tenant that survive the expiration or earlier termination of the Lease,
 whether arising or accruing prior to, upon, or after the Springing Event (all of the obligations
 described in clauses (i) and (ii) are collectively referred to herein as the "**Obligations** ").
 Upon, and from and after, the occurrence of any one or more of the Springing Events, Guarantor
 will, upon demand from Landlord, promptly pay and perform all of the Obligations, when and
 as due as provided under the Lease and immediately for any past due Obligations. As used
 herein, the term "**Springing Events**" shall include the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the
 receipt by the Equipment Financing of a debt rating that is [\*\*\*];

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the
 occurrence of (a) the expiration or earlier termination (for any or no reason) of the Colocation
 Agreement by and between SPV Tenant and its Colocation Customer, (b) any modification, amendment,
 waiver, restatement or restructuring of the Colocation Agreement which is material and adverse
 to the interests of the Landlord or (c) any event, with the giving of notice or passage of
 time or both, would constitute a breach or event of default under the Colocation Agreement
 and such breach or event of default would reasonably be expected to have a material and adverse
 impact on the interests of the Landlord or give the counterparty thereto the right to terminate
 or cease making, or materially reduce, payments under the Colocation Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the
 occurrence of any of the following with respect to SPV Tenant or Guarantor: (a) the commencement
 of a voluntary case under Title 11 of the United States Code (as now or hereafter amended
 or recodified, the "**Bankruptcy Code**") or any other federal or state bankruptcy,
 insolvency, receivership, reorganization, or similar law, or the commencement of any voluntary
 insolvency, bankruptcy, administration, receivership, liquidation, winding-up, reorganization,
 moratorium, composition, or similar proceeding under the laws of any jurisdiction outside
 the United States, (b) the commencement of an involuntary case against SPV Tenant or Guarantor
 under the Bankruptcy Code or any other federal or state bankruptcy, insolvency, receivership,
 reorganization, or similar law, or the commencement of any involuntary insolvency, bankruptcy,
 administration, receivership, liquidation, winding-up, reorganization, or similar proceeding
 against SPV Tenant or Guarantor under the laws of any jurisdiction outside the United States,
 (c) the consent to, support of, acquiescence in, or failure to timely contest (within the
 time period prescribed by Laws or court rule) any involuntary case or proceeding filed against
 SPV Tenant or Guarantor, whether under United States or non-United States law, or the entry
 of an order for relief or similar order in any such involuntary case or proceeding, (d) the
 filing of, or consent to the filing of, any petition, proceeding, or action seeking reorganization,
 arrangement, composition, adjustment, liquidation, dissolution, or similar relief with respect
 to SPV Tenant or Guarantor or its debts under the Bankruptcy Code or any other applicable
 federal, or state, or non-United States bankruptcy, insolvency, or similar law; (e) the appointment
 of, or application for the appointment of, or the consent to or acquiescence in the appointment
 of, a receiver, interim receiver, trustee, examiner, custodian, conservator, sequestrator,
 liquidator, rehabilitator, administrator, administrative receiver, or similar official for
 SPV Tenant or Guarantor or for all or a substantial portion of the assets or property of
 SPV Tenant or Guarantor, whether under the laws of the United States or any other jurisdiction;
 (f) the making of a general assignment for the benefit of creditors by SPV Tenant or Guarantor;
 (g) the admission in writing or in any legal proceeding by SPV Tenant or Guarantor of its
 insolvency or inability to pay its debts generally as they become due; (h) the dissolution,
 liquidation, or winding up of SPV Tenant or Guarantor, whether voluntary or involuntary,
 or the taking of any corporate or entity action to authorize or effect any of the foregoing;
 (i) SPV Tenant or Guarantor becoming subject to substantive consolidation, or any assets
 of SPV Tenant or Guarantor (including, without limitation, any rights, title or interest
 in or to the Equipment Financing or the Lease) being substantively consolidated with or into
 the estate of SPV Tenant or Guarantor (or any other person or entity), whether pursuant to
 any order of any court or other governmental authority, by operation of law, or otherwise,
 in each case, in connection with any of the events or proceedings described in subclauses
 (a) through (h) of this clause (iii); or (j) all or substantially all assets of SPV Tenant
 (including, without limitation, any rights, title or interest in or to the Equipment Financing
 or the Lease) being clawed back, avoided, recovered, or otherwise returned or transferred
 to or for the benefit of Guarantor (or its estate) or any other party, whether pursuant to
 any fraudulent transfer, fraudulent conveyance, preference, substantive consolidation, avoidance,
 or any other legal or equitable theory or proceeding, under the Bankruptcy Code or any other
 similar United States, state of the United States or non-United States law (each of the events
 in clauses (a) through and including (j), an "**Insolvency Event** ");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the
 occurrence of (i) any Event of Default (as defined in the Equipment Financing as in effect
 on the date hereof) related to an Insolvency Event or any monetary Event of Default, (ii)
 any Default (as defined in the Equipment Financing as in effect on the date hereof), the
 effect of which is to cause, with the giving of notice or the passage of time, or both, if
 required, the Equipment Financing to become due or to be repurchased, prepaid, defeased or
 redeemed (automatically or otherwise), or an offer to repurchase, prepay, defease or redeem
 such Equipment Financing to be made, prior to its stated maturity, (iii) the full refinancing
 (excluding, for the avoidance of doubt, any repricings), payment and/or satisfaction of the
 Equipment Financing, (iv) the occurrence of the maturity date under, or other full termination
 of, the Equipment Financing, or (v) any modification, amendment, waiver, restatement or restructuring
 of the Equipment Financing that is material and adverse to the interests of the Landlord;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) the
 occurrence of any Event of Default (as defined in the Lease) by SPV Tenant beyond any applicable
 notice or cure period, or the occurrence of any event, with the giving of notice or passage
 of time or both, would constitute an Event of Default thereunder, or any expiration or earlier
 termination (for any or no reason, including without limitation, rejection in connection
 with an Insolvency Event) of the Lease;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) the
 failure to timely provide the written notice required pursuant to Section 2(B) below;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) Guarantor
 fails to comply with the covenants set forth under Section 12 of this Guaranty;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) Guarantor
 fails to comply with the covenants set forth under Sections 2(E), 7, 9, 10 and 13(A)-(C)
 of this Guaranty and such failure continues for more than twenty (20) days after the earlier
 of (a) notice by Landlord to Guarantor of such breach, or (b) Guarantor first becoming aware
 of such breach; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) if
 the Guarantor shall seek to revoke, terminate or otherwise challenge or contest the validity
 of enforceability of this Guaranty.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. Guarantor
 shall provide written notice to Landlord of the occurrence of any Springing Event within
 [\*\*\*] days after the occurrence thereof, which notice shall contain a detailed explanation
 of such Springing Event along with copies of any relevant agreements or correspondence.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. Guarantor
 agrees with Landlord that (i) any action, suit or proceeding of any kind or nature whatsoever
 (an "**Action**") commenced by Landlord against Guarantor to collect Base
 Rent, Additional Rent and any other sums and charges due under the Lease for any month or
 months shall not prejudice in any way Landlord's rights to collect any such amounts
 due for any subsequent month or months throughout the Lease Term in any subsequent Action,
 (ii) Landlord may, at its option, without prior notice or demand, join Guarantor in any Action
 against SPV Tenant in connection with or based upon either or both of the Lease and any of
 the Obligations, (iii) Landlord may seek and obtain recovery against Guarantor in an Action
 (to the extent related to or based upon either or both of the Lease and any of the Obligations)
 against SPV Tenant or in any independent Action (to the extent related to or based upon either
 or both of the Lease and any of the Obligations) against Guarantor without Landlord first
 asserting, prosecuting, or exhausting any remedy or claim against SPV Tenant or against any
 security of SPV Tenant held by Landlord under the Lease, (iv) Landlord may (but shall not
 be required to) exercise its rights against each of Guarantor and SPV Tenant concurrently,
 and (v) Guarantor will be conclusively bound by a judgment entered in any Action (to the
 extent related to or based upon either or both of the Lease and any of the Obligations) in
 favor of Landlord against SPV Tenant, as if Guarantor were a party to such Action, irrespective
 of whether or not Guarantor is entered as a party or participates in such Action.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. Guarantor
 agrees that, in the event of the rejection or disaffirmance of the Lease by SPV Tenant or
 SPV Tenant's trustee in bankruptcy, pursuant to bankruptcy law or any other law affecting
 creditors' rights, Guarantor will, if Landlord so requests, assume all obligations
 and liabilities of SPV Tenant under the Lease, to the same extent as if Guarantor was a party
 to such document and there had been no such rejection or disaffirmance, and Guarantor will
 confirm such assumption, in writing, at the request of Landlord upon or after such rejection
 or disaffirmance. Guarantor, upon such assumption, shall have all rights of SPV Tenant under
 the Lease to the fullest extent permitted by law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E. Prior
 to the Springing Event Trigger Date, the SPV Tenant shall maintain at least one "independent
 manager" or "independent director" whose qualifications and authority are
 consistent with and comply with the terms of the governance documents of the SPV Tenant as
 in effect as of the date hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3. <u>GUARANTOR'S OBLIGATIONS UNCONDITIONAL</u>.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. This
 Guaranty is an absolute and unconditional guaranty of payment and of performance, and not
 of collection, and shall be enforceable against Guarantor without the necessity of the commencement
 by Landlord of any Action against SPV Tenant, and without the necessity of any notice of
 nonpayment, nonperformance or nonobservance, or any notice of acceptance of this Guaranty,
 or of any other notice or demand to which Guarantor might otherwise be entitled, all of which
 Guarantor hereby expressly waives in advance. The obligations of Guarantor hereunder are
 independent of the obligations of SPV Tenant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. This
 Guaranty shall apply notwithstanding any extension or renewal of the Lease or any renewal
 or extension of the Lease Term.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. This
 Guaranty is a continuing guarantee and will remain in full force and effect notwithstanding,
 and the liability of Guarantor hereunder shall be absolute and unconditional irrespective
 of any or all of the following: (i) any renewals, extensions, modifications, alterations
 or amendments of the Lease (regardless of whether Landlord or Guarantor consented to or had
 notice of same); (ii) (intentionally deleted); (iii) Landlord's failure or delay to
 assert any claim or demand or to enforce any of its rights against SPV Tenant; (iv) any extension
 of time that may be granted by Landlord to SPV Tenant; (v) any assignment, disposition, conveyance,
 hypothecation, pledge, lien, encumbrance or transfer of all or any part of SPV Tenant's
 interest under the Lease (whether by SPV Tenant, by operation of law, or otherwise, and whether
 or not consented by Landlord); (vi) any subletting, concession, franchising, licensing or
 permitting of the Premises or any portion thereof (whether or not consented by Landlord);
 (vii) any changed or different use of the Premises (or any portion thereof), whether or not
 consented by Landlord; (viii) any other dealings or matters occurring between Landlord and
 SPV Tenant; (ix) the taking by Landlord of any additional guarantees, or the receipt by Landlord
 of any collateral, from SPV Tenant or any other persons or entities; (x) the release by Landlord
 of any other guarantor; (xi) Landlord's release of any security provided under the
 Lease; (xii) Landlord's failure to perfect any Landlord's lien or other lien
 or security interest available under any applicable statutes, ordinances, rules, regulations,
 codes, orders, requirements, directives, binding written interpretations and binding written
 policies, rulings, and decrees of all local, municipal, state and federal governments, departments,
 agencies, commissions, boards or political subdivisions ()"**Laws** "); (xiii)
 any assumption by any person of any or all of SPV Tenant's obligations under the Lease,
 or SPV Tenant's assignment of any or all of its rights and interests under the Lease
 (whether or not consented by Landlord); (xiv) the power or authority or lack thereof of SPV
 Tenant to execute, acknowledge or deliver the Lease; (xv) the existence, non-existence or
 lapse at any time of SPV Tenant as a legal entity or the existence, non-existence or termination
 of any corporate, ownership, business or other relationship between SPV Tenant and Guarantor;
 (xvi) any sale or assignment by Landlord of any or all of this Guaranty, the Lease, and/or
 the Lease (including, but not limited to, any direct or collateral assignment by Landlord
 to any mortgagee); (xvii) the solvency or lack of solvency of SPV Tenant at any time or from
 time to time; (xviii) any setoff, defense, counterclaim, abatement, recoupment, reduction,
 change in law or any other event or circumstance which might otherwise constitute a legal
 or equitable discharge or defense of a guarantor, indemnitor or surety under the laws of
 the State of New York, the state in which the Premises is located or any other jurisdiction;
 (xix) any action, inaction or election of remedies by Landlord which results in any impairment
 or destruction of any subrogation, indemnity, reimbursement or contribution rights of Guarantor
 or of any rights of Guarantor to proceed against any other person for reimbursement; or (xx)
 any other cause, whether similar or dissimilar to any of the foregoing, that might constitute
 a legal or equitable discharge of Guarantor (whether or not Guarantor shall have knowledge
 or notice thereof). Without in any way limiting the generality of the foregoing, Guarantor
 specifically agrees that (A) if SPV Tenant's obligations under the Lease are modified
 or amended with the express written consent of Landlord, this Guaranty shall extend to such
 obligations as so amended or modified without notice to, consideration to, or the consent
 of, Guarantor, and (B) this Guaranty shall be applicable to any obligations of SPV Tenant
 arising in connection with an expiration or earlier termination (for any reason, including
 without limitation, rejection) of the Lease, whether voluntary or otherwise. Guarantor hereby
 consents, prospectively, to Landlord's taking or entering into any or all of the foregoing
 actions or omissions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. Guarantor
 hereby expressly agrees that the validity of this Guaranty and the obligations of Guarantor
 hereunder shall in no way be terminated, affected, diminished or impaired by reason of the
 assertion or the failure to assert by Landlord against SPV Tenant, of any of the rights or
 remedies reserved to Landlord pursuant to the provisions of the Lease or by relief of SPV
 Tenant from any of SPV Tenant's obligations under the Lease or otherwise by (i) the
 release or discharge of SPV Tenant in any state or federal creditors' proceedings,
 receivership, bankruptcy or other proceeding; (ii) the impairment, limitation or modification
 of the liability of SPV Tenant or the estate of SPV Tenant in bankruptcy, or resulting from
 the operation of any present or future provision of the United States Bankruptcy Code (11
 U.S.C. § 101 et seq., as amended); or (iii) the rejection, disaffirmance or other termination
 of the Lease in any such proceeding (i.e., any state or federal creditors' proceedings,
 receivership, or bankruptcy proceedings). This Guaranty shall continue to be effective if
 at any time the payment of any amount due under the Lease or this Guaranty is rescinded or
 must otherwise be returned by Landlord for any reason, including, without limitation, any
 Insolvency Event of SPV Tenant, Guarantor or otherwise, all as though such payment had not
 been made, and, in such event, Guarantor shall pay to Landlord an amount equal to any such
 payment that has been rescinded or returned.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4. <u>WAIVERS OF GUARANTOR</u>.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. Without
 limitation of the foregoing, Guarantor waives (i) notice of acceptance of this Guaranty,
 protest, demand and dishonor, presentment, and demands of any kind now or hereafter provided
 for by any statute or rule of law or equity, (ii) notice of any actions taken by Landlord
 or SPV Tenant under the Lease or any other agreement or instrument relating thereto, (iii)
 notice of any and all defaults by SPV Tenant in the payment of Base Rent, Additional Rent
 or any other charges or amounts, or of any other defaults by SPV Tenant under the Lease,
 (iv) all other notices, demands and protests, and all other formalities of every kind in
 connection with the enforcement of the Obligations, omission of or delay in which, but for
 the provisions of this <u>Section 4</u>, might constitute grounds for relieving Guarantor
 of its obligations hereunder, (v) any requirement that Landlord protect, secure, perfect,
 insure or proceed against any security interest or lien, or any property subject thereto,
 or exhaust any right or take any action against SPV Tenant or any other person or entity
 (including any additional guarantor or Guarantor) or against any collateral, (vi) the benefit
 of any statute of limitations affecting Guarantor's liability under this Guaranty,
 and (vii) the right to revoke, amend, terminate, suspend or modify this Guaranty, in each
 case, other than in accordance with Section 11 of this Guaranty.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. GUARANTOR
 AND LANDLORD HEREBY WAIVE TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM BROUGHT
 BY ANY PERSON OR ENTITY WITH RESPECT TO ANY MATTER WHATSOEVER ARISING OUT OF OR IN ANY WAY
 CONNECTED WITH THIS GUARANTY; GUARANTOR SHALL NOT IMPOSE ANY COUNTERCLAIM OR COUNTERCLAIMS
 OR CLAIMS FOR SET-OFF, RECOUPMENT OR DEDUCTION OF RENT IN ANY ACTION BROUGHT BY LANDLORD
 AGAINST GUARANTOR UNDER THIS GUARANTY, EXCEPT TO THE EXTENT ANY SUCH COUNTERCLAIM OR COUNTERCLAIMS
 OR CLAIMS FOR SET-OFF, RECOUPMENT OR DEDUCTION OF RENT IN ANY ACTION ARE MANDATORY PURSUANT
 TO LAWS. GUARANTOR HEREBY WAIVES, BOTH WITH RESPECT TO THE LEASE AND WITH RESPECT TO THIS
 GUARANTY, ANY AND ALL RIGHTS WHICH ARE WAIVED BY SPV TENANT UNDER THE LEASE, IN THE SAME
 MANNER AS IF ALL SUCH WAIVERS WERE FULLY RESTATED HEREIN. THE LIABILITY OF GUARANTOR UNDER
 THIS GUARANTY IS PRIMARY AND UNCONDITIONAL.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. Guarantor
 expressly waives any and all rights to defenses arising by reason of (i) any "one-action"
 or "anti-deficiency" law or any other law that may prevent Landlord from bringing
 any action, including a claim for deficiency, against Guarantor before or after Landlord's
 commencement or completion of any action against SPV Tenant; (ii) ANY ELECTION OF REMEDIES
 BY LANDLORD (INCLUDING, WITHOUT LIMITATION, ANY TERMINATION OF THE LEASE) THAT DESTROYS OR
 OTHERWISE ADVERSELY AFFECTS GUARANTOR'S SUBROGATION RIGHTS OR GUARANTOR'S RIGHTS
 TO PROCEED AGAINST SPV TENANT FOR REIMBURSEMENT; (iii) any disability, insolvency, bankruptcy,
 lack of authority or power, death, insanity, minority, dissolution, or other defense of SPV
 Tenant, of Guarantor, of any other guarantor (or any other Guarantor), or of any other person
 or entity, or by reason of the cessation of SPV Tenant's liability from any cause whatsoever;
 (iv) any right to claim discharge of any or all of the Obligations on the basis of unjustified
 impairment of any collateral for the Obligations; (v) any change in the relationship between
 Guarantor and SPV Tenant or any termination of such relationship; (vi) any irregularity,
 defect or unauthorized action by any or all of SPV Tenant, any other guarantor (or Guarantor)
 or surety, or any of their respective officers, directors or other agents in executing and
 delivering any instrument or agreements relating to the Obligations or in carrying out or
 attempting to carry out the terms of any such agreements; (vii) any assignment, endorsement
 or transfer, in whole or in part, of the Obligations, whether made with or without notice
 to or consent of Guarantor; (viii) the recovery from SPV Tenant or any other Person (including
 without limitation any other guarantor) becoming barred by any statute of limitations or
 being otherwise prevented; (ix) the benefits of any and all applicable statutes, laws, rules
 or regulations which may require the prior or concurrent joinder of any other party to any
 action on this Guaranty; (x) any release or other reduction of the Obligations arising as
 a result of the expansion, release, substitution, deletion, addition, or replacement (whether
 or not in accordance with the terms of the Lease) of the Premises or any portion thereof;
 or (xi) any neglect, delay, omission, failure or refusal of Landlord to take or prosecute
 any action for the collection or enforcement of any of the Obligations or to foreclose or
 take or prosecute any action in connection with any lien or right of security (including
 perfection thereof) existing or to exist in connection with, or as security for, any of the
 Obligations, it being the intention hereof that Guarantor shall remain liable as a principal
 on the Obligations notwithstanding any act, omission or event that might, but for the provisions
 hereof, otherwise operate as a legal or equitable discharge of Guarantor. Guarantor hereby
 waives all defenses of a surety to which it may be entitled by statute or otherwise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. **<u>SUBORDINATION AND SUBROGATION</u>**. Guarantor shall not be subrogated, and hereby subordinates and postpones any claim or right against SPV Tenant by way of subrogation or otherwise, to any of the rights of Landlord under the Lease or otherwise, or in Premises (or any portion thereof), which may arise by any of the provisions of this Guaranty or by reason of the performance by Guarantor of any of its Obligations hereunder. Guarantor shall look solely to SPV Tenant for any recoupment of any payments made or costs or expenses incurred by Guarantor pursuant to this Guaranty. If any amount shall be paid to Guarantor on account of such subrogation rights or otherwise at any time when all of the Obligations shall not have been paid and performed in full, Guarantor shall hold in trust for the Landlord and shall immediately deliver the payment to Landlord for credit against the then outstanding balance of the Obligations, whether matured or unmatured.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. **<u>REPRESENTATIONS AND WARRANTIES OF GUARANTOR</u>.** Guarantor represents and warrants to the Landlord that, as of the date hereof and, except in respect of clause (E) below, as of the Spring Event Trigger Date:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. Guarantor
 is a company formed under the laws of the State of Delaware; has all requisite power and
 authority to enter into and perform its obligations under this Guaranty; and this Guaranty
 is valid and binding upon and enforceable against Guarantor without the requirement of further
 action or condition.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. The
 execution, delivery and performance by Guarantor of this Guaranty does not and will not (i)
 except as would not reasonably be expected to have a material adverse effect, contravene
 any Laws, any order, writ, injunction, decree applicable to Guarantor, if applicable, or
 any contractual restriction binding on or affecting Guarantor or any of its properties or
 assets (ii) contravene the organizational documents of Guarantor, or (iii) result in or require
 the creation of any lien, security interest or other charge or encumbrance upon or with respect
 to any of its properties or assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. No
 approval, consent, exemption, authorization or other action by, or notice to, or filing with,
 any governmental authority is necessary or required in connection with the execution, delivery
 or performance by, or enforcement against, Guarantor of this Guaranty or any other instrument
 or agreement required hereunder, except (i) such as have been obtained or made and are in
 full force and effect, in each case, as of the date hereof and (ii) those approvals, consents,
 registrations, filings or other actions, the failure of which to obtain or make would not
 reasonably be expected to have a material adverse effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. There
 is no action, suit or proceeding pending or, to Guarantor's knowledge, threatened against
 or otherwise affecting Guarantor before any court or other governmental authority or any
 arbitrator that may materially adversely affect Guarantor's ability to perform its
 obligations under this Guaranty.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E. Guarantor's
 principal place of business is 290 W Mt Pleasant Ave, Suite 4100, Livingston, NJ 07039.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F. SPV
 Tenant is directly or indirectly owned and controlled by Guarantor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;G. Guarantor
 has derived or expects to derive financial and other advantages and benefits directly or
 indirectly, from Landlord and SPV Tenant entering into the Assignment and the payment and
 performance of the Obligations. Guarantor hereby acknowledges that Landlord will be relying
 upon Guarantor's guarantee, representations, warranties and covenants contained herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;H. Guarantor
 represents and warrants that, in its good faith judgment, the Obligations are subject to
 the occurrence of the Springing Events (rather than immediately from and after the execution
 and delivery hereof without the condition of the occurrence of the Springing Events) for
 the purposes of accommodating for the guidelines presented by the applicable Acceptable Ratings
 Agencies relating to the receipt of investment grade corporate or debt ratings.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. **<u>FINANCIAL STATEMENTS</u>**. (i) Within one hundred twenty (120) days after the end of each fiscal year of Guarantor, Guarantor shall provide complete financial statements of Guarantor audited by a nationally-recognized accounting firm, including a balance sheet, a profit and loss statement, a top-line gross receipts reports for such fiscal year of Guarantor and (ii) if requested in writing by Landlord, within forty-five (45) days after the end of each fiscal quarter of Guarantor, complete unaudited financial statements of the Guarantor including a balance sheet, a profit and loss statement, and a top-line gross receipts reports for such fiscal quarter of Guarantor (the "**Financial Information**"). Notwithstanding the foregoing, so long as Guarantor is a publicly-traded company and all of the Financial Information otherwise required to be provided by Guarantor to Landlord in accordance with this Section 7 is filed with the SEC and is publicly available, Guarantor shall not be required to deliver such Financial Information to Landlord.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. Guarantor's
 Financial Information shall be prepared in accordance with GAAP and shall be certified as
 true and correct by a financial officer of Guarantor's business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. If
 Guarantor or its affiliate is a publicly-traded company, the Financial Information may be
 included in Guarantor's required public filings with the SEC on an annual basis in
 satisfaction of the requirements of SEC Regulation S-X.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. **<u>NOTICES</u>.** Any consents, notices, demands, requests, approvals or other communications given under this Guaranty shall be in writing and shall be given as provided in the Original Lease, as follows or to such other addresses as either Landlord or Guarantor (as applicable) may designate by notice given to the other in accordance with the provisions of this <u>Section 8</u>:

---

| | |
|:---|:---|
| If to Guarantor:<br>CoreWeave, Inc.<br> 290 W Mt Pleasant Ave, Suite 4100<br> Livingston, NJ 07039<br> Attention: Legal<br> Email: [\*\*\*]<br>| If to Landlord:<br>c/o Applied Digital Corporation<br> 3811 Turtle Creek Blvd, Suite 2100<br> Dallas, TX 75219<br> Attention: Mark A. Chavez, General Counsel<br> Email: [\*\*\*] |
| with a copy to: | With a copy to:<br>|
| Allen Matkins Leck Gamble Mallory and Natsis LLP599 Lexington Avenue, 38th FloorNew York, NY 10022Attention: Alykhan Shivji<br> Email: ashivji@allenmatkins.com | Stutzman, Bromberg, Esserman & Plifka<br> 2323 Bryan Street, Suite 2200<br> Dallas, TX 75201<br> Attn: Noah K. Hansford<br> Email: hansford@sbep-law.com |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. **<u>CONSENT TO JURISDICTION</u>**. Guarantor hereby (a) consents and submits to the jurisdiction of the state and federal courts located in each of the State in which the Property is located and the State of New York, with respect to any dispute arising, directly or indirectly, out of this Guaranty, (b) waives any objections which the undersigned may have to the laying of venue in any such suit, action or proceeding in either such court, and (c) agrees to join Landlord in any petition for removal to either such court. The undersigned hereby acknowledges and agrees that Landlord may obtain personal jurisdiction and perfect service of process through SPV Tenant as the undersigned agent, or by any other means now or hereafter permitted by Laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. **<u>ESTOPPEL CERTIFICATE</u>**. Guarantor shall, from time to time within fifteen (15) days after receipt of Landlord's request, execute, acknowledge and deliver to Landlord an estoppel certificate in the form attached hereto as **Exhibit A**. Such certificate may be relied upon by Landlord and any prospective purchaser, landlord or lender of all or a portion of the Building (or any portion thereof).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. **<u>TERMINATION</u>**. This Guaranty is effective as of the date hereof and shall continue in full force and effect, until all of the Obligations are fully and finally paid and performed and SPV Tenant has no further obligation under the Lease. The Obligations shall not be considered fully and finally paid and performed unless and until all payments by SPV Tenant to Landlord are no longer subject to any right on the part of any person, including SPV Tenant, SPV Tenant as a debtor-in-possession, or any trustee in bankruptcy, to require Landlord to disgorge such payments or to seek to recoup all or any portion of such payments. Accordingly, this Guaranty shall continue to be effective or be reinstated, as applicable, if at any time the payment or performance of all or any portion of the Obligations is rescinded or reduced in amount or must otherwise be restored or returned by Landlord, whether as a "voidable preference" or "fraudulent conveyance," or under any Laws, including the United States Bankruptcy Code or otherwise, all as though such payment or performance had not been made, and Guarantor will indemnify, defend, and hold Landlord and the Indemnified Parties harmless for, from and against, any and all liabilities incurred by Landlord in connection with such remission, rescission or restoration.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. **[<u>Reserved</u>]**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13. **<u>MISCELLANEOUS</u>**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. Subject
 to the immediately succeeding sentence, the Landlord may not assign this Guaranty in whole
 or in part without the consent of the Guarantor. Guarantor agrees that Landlord may, without
 notice, assign this Guaranty in whole or in part to an assignee solely to the extent the
 Landlord has assigned the Lease to such assignee in accordance with the terms of the Lease.
 If Landlord disposes of its interest in the Lease in accordance with the terms therein, "**Landlord**,"
 as used in this Guaranty, shall mean such Landlord's permitted successors and assigns.
 Guarantor may not assign this Guaranty in whole or in part without the consent of Landlord,
 in Landlord's sole and absolute discretion, and any attempted or purported assignment
 without such Landlord consent shall be deemed void *ab initio*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. If
 any legal action or proceeding is commenced to interpret or enforce the terms of, or obligations
 arising out of, this Guaranty, or to recover damages for the breach thereof, the party prevailing
 in any such action or proceedings shall be entitled to recover from the non-prevailing party
 all attorneys' fees and reasonable costs and expenses incurred by the prevailing party.
 As used herein, "attorneys' fees" shall mean the reasonable and documented
 out of pocket fees and expenses of counsel to the parties hereto, which may include printing,
 photocopying, duplicating and other expenses, air freight charges, and fees billed for law
 clerks, paralegals, librarians and others not admitted to the bar but performing services
 under the supervision of an attorney. The term "attorneys' fees" shall
 also include, without limitation, all such fees and expenses incurred with respect to appeals,
 arbitrations and bankruptcy proceedings.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. If
 any portion of this Guaranty shall be deemed invalid, unenforceable or illegal for any reason,
 such invalidity, unenforceability or illegality shall not affect the balance of this Guaranty,
 which shall remain in full force and effect to the maximum permitted extent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. The
 provisions, covenants and guaranties of this Guaranty shall be binding upon Guarantor and
 its heirs, successors, legal representatives and assigns (it being understood that Guarantor
 shall not have the right to assign its obligations under this Guaranty without the prior
 written consent of Landlord in Landlord's sole and absolute discretion), and shall
 inure to the benefit of Landlord and its successors and assigns, and shall not be deemed
 waived or modified unless such waiver or modification is specifically set forth in writing,
 executed by Landlord or its successors and assigns, and delivered to Guarantor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E. Whenever
 the words "include", "includes", or "including" are used
 in this Guaranty, they shall be deemed to be followed by the words "without limitation",
 and, whenever the circumstances or the context requires, the singular shall be construed
 as the plural, the masculine shall be construed as the feminine and/or the neuter and <u>vice versa</u>. This Guaranty shall be interpreted and enforced without the aid of any canon,
 custom or rule of law requiring or suggesting construction against the party drafting or
 causing the drafting of the provision in question.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F. Each
 of the rights and remedies herein provided are cumulative and not exclusive of any rights
 or remedies provided by law or in the Lease or this Guaranty.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;G. The
 provisions of this Guaranty shall be governed by and interpreted solely in accordance with
 the internal laws of the State of New York, without giving effect to the principles of conflicts
 of law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;H. Time
 is of the essence with respect to all agreements and obligations of Guarantor contained in
 this Guaranty.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I. The
 Recitals set forth above are hereby incorporated by this reference and made a part of this
 Guaranty. Guarantor hereby represents and warrants that as of the date of this Guaranty the
 Recitals are true and correct.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;J. This
 Guaranty may not be amended except to the extent agreed to by Guarantor and Landlord in writing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;K. For
 the avoidance of doubt, the Assignment, including, without limitation, the release provided
 in Section 15 of the Assignment, shall not impair, limit, modify, termination, eliminate
 or reduce the Obligation.

SIGNATURE PAGE TO FOLLOW

IN WITNESS WHEREOF, the undersigned has executed this Unconditional Springing Guaranty of Payment and Performance effective as of the date first written above.

---

| |
|:---|
| **GUARANTOR:** |
| **CoreWeave, Inc.**, a Delaware corporation |
| */s/ Michael Intrator* |
| By: Michael Intrator |
| Name: President and Chief Executive Officer |

---

STATE OF <u>New York</u>)

COUNTY OF <u>New York</u>)

I, the undersigned authority, a Notary Public in and for said County in said State, hereby certify that Michael Intrator, whose name as President & CEO of CW, Inc., a DE corp, is signed to the foregoing instrument, and who is known to me, acknowledged before me on this day that, being informed of the contents of said instrument, he, as such officer and with full authority, executed the same voluntarily for and as the act of said corporation, acting in its capacity as President & CEO of said limited liability company as aforesaid.

Given under my hand and official seal, this 25th day of March, 2026.

---

| | |
|:---|:---|
|  | */s/ Eashaa Parekh* |
|  | Notary Public |
| AFFIX SEAL |  |
| My commission expires: _____________________________ |  |

---

ACKNOWLEDGED AND AGREED as of the date set forth below:

---

| | |
|:---|:---|
| **LANDLORD**: | **LANDLORD**: |
| **APLD ELN-03 LLC**, | **APLD ELN-03 LLC**, |
| a Delaware limited liability company | a Delaware limited liability company |
| By: | */s/ Saidal Mohmand* |
| Name: | Saidal Mohmand |
| Title: | Chief Financial Officer |
| Date: | March 30, 2026 |

---

## Exhibit 10.3

**Exhibit 10.3**

**CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) IS A TYPE OF INFORMATION THAT THE REGISTRANT TREATS AS PRIVATE OR CONFIDENTIAL. [\*\*\*] INDICATES THAT INFORMATION HAS BEEN REDACTED.**

**<u>ASSIGNMENT, ASSUMPTION AND CONSENT</u>**

This ASSIGNMENT, ASSUMPTION AND CONSENT (this "<u>Agreement</u>") is made as of March 30, 2026 (the "<u>Effective Date</u>"), by and between CoreWeave, Inc. ("<u>Assignor</u>"), CoreWeave Compute Acquisition Co. VIII, LLC, a wholly-owned subsidiary of Assignor ("<u>Assignee</u>"), and APLD ELN-03 LLC("<u>Landlord</u>").

**W I T N E S S E T H:**

WHEREAS, Assignor is the tenant under that certain Datacenter Lease Building 3, dated May 28, 2025, by and between Assignor and Landlord (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the "<u>Lease Agreement</u>") related to certain premises known as ELN03 located at 9663 87<sup>th</sup> Avenue SE, Ellendale, ND ("<u>Premises</u>");

WHEREAS, Assignor desires to assign all of its rights and obligations as tenant under the Lease Agreement to Assignee, and Assignee desires to accept the assignment of such rights and obligations under the Lease Agreement from Assignor and to assume all of the obligations as tenant under the Lease Agreement (collectively, "<u>Assignment</u>"); and

WHEREAS, Landlord is willing to consent to the Assignment subject to the terms and conditions set forth in this Agreement.

NOW, THEREFORE, for valuable consideration, the receipt and sufficiency of which are hereby acknowledged, intending to be legally bound hereby, the parties hereto agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. **<u>Definitions</u>**. All capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the Lease Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. **<u>Consent to Assignment</u>**. Subject to the provisions of this Agreement (including <u>Section 3</u>), Landlord hereby consents to: (a) Assignor's assignment of its rights and obligations under the Lease Agreement to Assignee; and (b) Assignee's assumption of Assignor's rights and obligations under the Lease Agreement, both pursuant to and in accordance with this Agreement, as of the Effective Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. **<u>No Modification, Waiver or Release</u>**. Notwithstanding any provision in this Agreement or the Lease Agreement to the contrary: (a) except as expressly set forth herein, this Agreement shall not be construed in any manner to amend, modify, waive or affect any of the provisions of or obligations under the Lease Agreement; and (b) Assignor shall not be released from, and Assignor shall be and remain responsible and liable for and bound by, the performance, satisfaction and observance of any and all tenant obligations and all other provisions and requirements of the Lease Agreement applicable to Assignor immediately prior to the entry into this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. **<u>Assignment</u>**. Effective as of the Effective Date pursuant to the terms hereof, subject to the provisions of this Agreement (including <u>Section 3</u>), Assignor hereby assigns, grants, conveys and transfers to Assignee all of Assignor's rights and obligations under the Lease Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. **<u>Assumption</u>**. Assignee hereby accepts the assignment described in <u>Section 4</u> and assumes all of Assignor's rights and obligations under the Lease Agreement and agrees to perform and fulfill all of the terms, covenants, conditions, and obligations imposed upon or applicable to the "Tenant" under the Lease Agreement in accordance with the terms thereof. It is agreed and understood that, after giving effect to this Agreement, any reference to "CoreWeave, Inc." under the Lease Agreement shall be deemed to be a reference to "CoreWeave Compute Acquisition Co. VIII, LLC."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. **<u>Amendments</u>**. On and after the Effective Date, the Lease Agreement shall hereby be amended as follows (collectively, the "<u>Amendments</u>"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Assignment of ESA</u>. Section 6.6 of the Lease Agreement shall be deemed deleted in its entirety and replaced with: "Intentionally deleted."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Permitted Transfers</u>. The definition of "Permitted Transfers" and all related uses thereof, including, without limitation, in Article 10, shall be deemed deleted and of no force and effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Collateral Assignment</u>. Section 10.3 of the Lease Agreement shall be deemed deleted in its entirety and replaced with:

"**Collateral Assignment**. Notwithstanding anything to the contrary contained in this Lease, this Lease may be collaterally assigned by Tenant to a financial institution solely in respect of (x) the granting of a security interest in, and/or pledge of, Tenant's interests in this Lease and/or (y) the exercise of such financial institution's rights (whether in the manner of a foreclosure or otherwise) with respect to such security interests or pledge."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. **<u>Representations and Warranties and Covenants</u>**. Each of Assignor and Assignee hereby represents and warrants to Landlord as of the date hereof that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Assignee is a duly formed and validly existing entity that is a wholly-owned subsidiary of Assignor in good standing and qualified to do business in the state in which it was formed and the state in which the Premises are located, and that Assignee has full right and authority to execute, deliver and perform this Agreement and that each person signing on behalf of Assignee is authorized to do so.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) This Agreement has been duly and validly authorized, executed and delivered by Assignee and constitutes a legal, valid and binding agreement of Assignee, enforceable against Assignee in accordance with its terms, except to the extent that (i) such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting creditors' rights generally and (ii) the remedy of specific performance and injunctive and other forms of equitable relief may be subject to certain equitable defenses and to the discretion of the court before which any proceedings therefor may be brought.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The execution, delivery and performance of this Agreement do not conflict with, result in the breach of any of the terms or conditions of, constitute a default under or violate, accelerate or permit the acceleration of any other similar right of any other party under the organizational documents of Assignee, any Applicable Law or any agreement, lease, mortgage, note, bond, indenture, license or other document or undertaking to which Assignee is a party or may be bound, nor will such execution, delivery and performance violate any order, writ, injunction or decree of any governmental authority to which Assignee is subject; and no consent, approval, authorization, clearance, order, notice, registration, waiver or qualification of or with any governmental authority is required for the consummation by Assignee of the transactions contemplated hereby.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Assignee will be a creditworthy entity that will have the authority and ability to perform and satisfy its obligations and requirements under this Agreement and the Lease Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. **<u>Further Assurances</u>**. From time to time following the date hereof, and without any further consideration or other payment, each party shall use commercially reasonable efforts to take such further action and execute and deliver such other commercially reasonable instruments of conveyance, assignment, transfer and delivery and execute and deliver such other commercially reasonable documents and take or cause to be taken such other actions as either party reasonably may request in order to consummate, complete and carry out the transactions contemplated by this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. **<u>Successors</u>**. This Agreement shall inure to the benefit of and be binding on the parties, and their heirs, successors, assigns and legal representatives. Neither Assignor nor Assignee may assign or transfer part or all of its rights and obligations under the Agreement without the written consent of Landlord, which shall not be unreasonably withheld, delayed or conditioned. Notwithstanding the foregoing, either Assignor or Assignee may assign this Agreement in connection with a Transfer (as defined in the Lease Agreement) permitted under the Lease Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. **<u>No Third Party Beneficiaries or Other Rights</u>**. This Agreement is for the sole benefit of the parties and their successors and permitted assigns and nothing herein shall give or shall be construed to confer any legal or equitable rights or remedies to any person other than the parties to this Agreement and such successors and permitted assigns.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. **<u>Amendment and Waiver</u>**. The provisions of this Agreement may be amended or waived only with the prior written consent of the Assignor, Assignee and Landlord.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. **<u>Complete Agreement</u>**. This Agreement supersedes all prior agreements and understandings (whether written or oral) among any of Assignor, Assignee and Landlord with respect to the subject matter hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13. **<u>Counterparts</u>**. This Agreement may be executed in one or more counterparts (including by means of portable document format (.PDF)), each of which shall be deemed an original but all of which together will constitute one and the same instrument.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14. **<u>Governing Law</u>**. This Agreement shall be governed by and construed under the laws of the state of in which the Property are located.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15. **<u>Release</u>**. Subject to the satisfaction of all of the terms and conditions of this Agreement, Landlord hereby acknowledges and agrees that, as of the effective date of the Assignment contemplated under this Agreement, Assignor shall have no further rights or obligations under the Lease Agreement. As such, Landlord hereby releases and forever discharges Assignor from any and all obligations under the Lease Agreement arising from and after the effective date of the Assignment contemplated under this Agreement, and Landlord shall thereinafter look solely to Assignee for the enforcement of all obligations owed to Landlord by Tenant under the Lease Agreement.

**[signature page follows]**

IN WITNESS WHEREOF, the parties hereto have duly executed and delivered this Agreement as of the date first above written.

---

| | |
|:---|:---|
| **<u>ASSIGNOR</u>**: | **<u>ASSIGNOR</u>**: |
| **COREWEAVE, INC.** | **COREWEAVE, INC.** |
| By: | */s/ Michael Intrator* |
| Name: | Michael Intrator |
| Its: | Chief Executive Officer |

---

---

| | |
|:---|:---|
| **<u>ASSIGNEE</u>**: | **<u>ASSIGNEE</u>**: |
| **COREWEAVE COMPUTE ACQUISITION CO. VIII, LLC** | **COREWEAVE COMPUTE ACQUISITION CO. VIII, LLC** |
| By: | */s/ Michael Intrator* |
| Name: | Michael Intrator |
| Its: | Chief Executive Officer |

---

---

| | |
|:---|:---|
| **<u>LANDLORD</u>**: | **<u>LANDLORD</u>**: |
| **APLD ELN-03 LLC** | **APLD ELN-03 LLC** |
| By: | */s/ Saidal Mohmand* |
| Name: | Saidal Mohmand |
| Its: | Chief Financial Officer |

---

[*Signature Page to Assignment, Assumption and Consent*]