Document:

Sublease Agreement with Tibbett & Britten Group North America, Inc.

 Exhibit 10.8 

SUBLEASE AGREEMENT 

THIS SUBLEASE AGREEMENT (this “Sublease”) is made and entered into as of this 6 day of June, 2006, by and between Tibbett &
Britten Group North America, Inc., Delaware corporation having offices at 570 Polaris Parkway, Westerville, Ohio 43082 (“Sublessor”), and AEGERION PHARMACEUTICALS, INC., a Delaware corporation, having offices at 22 Canterbury Lane, Summit,
New Jersey 079011 (“Sublessee”). 
 Recitals 

A. Sublessor and GLB 3, L.L.C., a New Jersey limited liability company (“Lessor”), entered into that certain Lease dated
April 28, 2004 (the “Lease”). 
 B. Pursuant to the Lease, Sublessor leases from Lessor, and Lessor leases to
Sublessor, approximately 7,201 square feet of office space within the building located at 1140 Route 22 East, Bridgewater, New Jersey, as described more particularly on Exhibit A attached hereto and made a part hereof (the
“Premises”). 
 C. Sublessor desires to lease to Sublessee, and Sublessee desires to lease from Sublessor, the
Premises. 
 NOW, THEREFORE, in consideration of the foregoing, the covenants and agreements contained herein and other valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto mutually agree as follows: 
 1.
Premises. Subject to and upon the terms, provisions and conditions set forth hereinafter, Sublessor hereby leases, demises and lets to Sublessee, and Sublessee hereby leases and takes from Sublessor, the Premises, together with
Sublessor’s rights in and to 29 parking spaces serving the Premises. 
 2. Incorporation of Lease. This
Sublease and all rights of Sublessee hereunder are subject to the terms, conditions and provisions of the Lease, a copy of which is attached hereto, made a part hereof and incorporated herein by reference as Exhibit B; provided, however, that
to the extent the express terms of this Sublease are inconsistent with the terms of the Lease, the express terms of this Sublease shall control. Notwithstanding the foregoing, the following provisions of the Lease are expressly not incorporated
herein: Sections 4, 6.1, 6.3 (except for the definitions of Operating Expenses and Tax Costs therein), 8, 12.1, 12.2, 36.20, 37, 38, and 39 and Exhibit D. Other than the payment of Base Rent and Direct Costs under the Lease, Sublessee hereby assumes
and agrees to observe and perform the covenants and obligations of Sublessor as lessee under the Lease with respect to the Premises. Sublessee shall not do anything or suffer or permit anything to be done which could result in a default under the
Lease or permit the Lease to be canceled or terminated. Notwithstanding anything herein or in the Lease to the contrary, Sublessee shall not have any right to exercise or have Sublessor (and Sublessor does not intend to exercise) exercise any option
under the Lease. It is expressly understood and agreed that Sublessor does not assume and shall not have any of the obligations or liabilities of the Lessor under the Lease, and that Sublessor is not making the representations or warranties, if any,
made 

 
by the Lessor in the Lease. In the event of the termination of Sublessor’s interest as lessee under the Lease for any reason, this Sublease shall terminate concurrently therewith without any
liability of Sublessor to Sublessee. 
 Sublessor represents and warrants to Sublessee that (i) a true and complete copy of
the Lease is annexed hereto as Exhibit B, (ii) Sublessor is the Tenant under the Lease, (iii) Sublessor has full right, power and authority to execute this Sublease as Sublessor hereunder and to sublet the Premises to Sublessee,
subject only to obtaining the prior written consent of Lessor, which consent Sublessor shall use reasonable good-faith efforts to obtain, (iv) the person executing this Sublease on behalf of Sublessor has the right, power and authority to do
so, (v) the Lease is in full force and effect, (vi) no agreement or understanding exists between Sublessor and Lessor except as disclosed in the Lease, the existence of which would have an adverse effect upon Sublessee, (vii) the
Lease has not been amended, modified, supplemented or superseded in any manner, except as disclosed herein, (viii) there is no existing default under the Lease on the part of Sublessor, or to the actual knowledge of Sublessor, on the part of
Lessor, (ix) Sublessor has no material claims against, or material disputes with, Lessor currently existing under the Lease which might adversely affect the rights granted to Sublessee under this Sublease, and (x) the Lease has not been
assigned, nor has any portion of the Premises been subleased, encumbered or transferred by Sublessor . 
 3. Lease
Term. Subject to the terms and conditions set forth in this Sublease, the term of this Sublease shall be for the period commencing on May 15, 2006, or such later date as Lessor shall consent to this Sublease (the “Commencement
Date”), and ending on October 24, 2010. 
 4. Base Rent. Sublessee shall pay to Sublessor, without
demand, notice, offset or reduction of any kind, monthly installments of base rent in the amount of $12,601.75 (“Base Rent”) beginning on the Commencement Date and continuing thereafter through the remaining term hereof, which payments
shall be due and payable in advance on or before the first day of each calendar month during the term of this Sublease; provided, however, that if the Commencement Date or expiration date of this Sublease occurs on a date other than the first day of
a calendar month, Sublessee’s monthly installment of rent shall be prorated for said month. Notwithstanding anything in this Sublease to the contrary, Sublessee shall receive an abatement of Base Rent for the first two (2) months of the
term of this Sublease. 
 5. Direct Costs. Sublessee shall pay to Sublessor, as additional rent hereunder, the
amount by which Tenant’s Proportionate Share of Direct Costs, as defined in Section 6.3 of the Lease, for any calendar year during the term after the 2006 calendar year exceeds Tenant’s Proportionate Share of the amount of Direct
Costs under the Lease for the 2006 calendar year. Such Direct Costs shall be due and payable by Sublessee to Sublessor in installments together with the installments of Base Rent, which installments shall be based on the estimates for such Direct
Costs for the applicable calendar year provided by Lessor under Section 6.4.1, subject to adjustment based on the actual amounts of Direct Costs in accordance with Section 6.4.2. 

6. Late Payment. If any installment of Base Rent, Tax Costs, Operating Expenses or additional rent (collectively,
“Rent”) is not received by Sublessor from Sublessee within five (5) calendar days of the date due, a late payment fee in an amount equal to five percent (5%) of such 

 

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delinquent payment shall be immediately due and payable from Sublessee to Sublessor; provided, however, that such five (5) day period shall not be construed in any way to extend the due date
of any such payment. 
 7. Provision of Services to Sublessee. The only services to which the Sublessee is
entitled to have provided to it hereunder are those to which Sublessor is entitled to have provided to it under the Lease. Sublessee shall look to the Lessor for the provision of all such services. Sublessor shall pay the Base Rent and Additional
Rent due under the Lease and shall use reasonable efforts, upon request of Sublessee, to cause Lessor to observe and/or perform its obligations under the Lease. If within ten (10) days after Sublessor’s receipt of Sublessee’s written
request to cause Sublessor to observe and/or perform its obligations under the Lease (or such shorter period as may be necessary in the case of an emergency), Sublessor shall fail to take any action reasonably requested by Sublessee to enforce
Sublessor’s rights under the Lease to the extent permitted under the Lease and applicable law, or to thereafter diligently and continuously pursue such action, then Sublessee shall have the right, at Sublessee’s sole cost and expense, to
take such action in the name of Sublessor; and, for that purpose, and only to that extent, all of the rights of Sublessor to enforce the obligations of Sublessor under the Sublease with respect to the Premises are hereby conferred upon, and are
conditionally assigned to, Sublessee and Sublessee is hereby subrogated to such rights, including, without limitation, the benefit of any recovery or relief. Sublessee shall indemnify, defend and hold harmless against and from any and all losses,
claims, damages, costs and expenses (including reasonable attorney fees) resulting from or arising in connection with Sublessee’s actions taken in accordance with this Section 7. 

Notwithstanding the foregoing, if (A) Lessor defaults in its obligations under the Lease and such default gives rise to any
abatement of rental payments under the Lease, Sublessee shall have the right to a corresponding abatement of its rental payments under this Sublease, and (B) Lessor defaults in its obligations under the Lease and such default gives rise to a
right on the part of Sublessor to terminate the Lease, or if Sublessor shall have the right to terminate the Lease in connection with an event of casualty or condemnation, Sublessee shall have the right to terminate this Sublease. 

If Sublessee shall require overtime or additional heating, ventilation or air conditioning, condenser water or any other service required
to be provided by Lessor under the Lease, Sublessor consents to Sublessee requesting the same directly from Lessor in accordance with the provisions of the Lease. Sublessee shall pay or reimburse Sublessor for the full amount of the charges payable
to Lessor for providing such services. Notwithstanding the foregoing, if Lessor refuses to recognize any such request of Sublessee, upon receipt of Sublessee’s request that Sublessor do so, Sublessor will promptly make such request directly to
Lessor on behalf of Sublessee. 
 8. Maintenance and Repair. Sublessee shall, at its sole cost and expense,
maintain the Premises in good condition and repair and shall make all necessary repairs and replacements thereto, other than the maintenance to be performed by the Lessor in accordance with the Lease. If Sublessee fails to promptly make any repairs
or replacements to the Premises as required under this Sublease or the Lease after expiration of any applicable notice and cure period, Sublessor may, but shall not be obligated to, make such repairs or replacements, the cost and expense of which
shall be immediately due from Sublessee to Sublessor as additional rent. Interest shall 
  

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accrue and be due and payable by Sublessee on the sum so expended by Sublessor at the rate of twelve percent (12%) per annum (the “Default Rate”) until paid. 

9. Quiet Enjoyment. So long as Sublessee continues to make the lease payments and otherwise perform all of the other terms
of this Sublease, Sublessor shall not in any manner hinder or otherwise disturb Sublessee’s quiet enjoyment of the Premises. 

10. Indemnification. Unless arising from the negligence or willful misconduct of Sublessor, Sublessee shall indemnify,
defend and save harmless Sublessor from and against any and all liabilities, claims, damages, losses, judgments, costs and expenses, including without limitation attorneys’ fees, resulting from or arising in connection with Sublessee’s use
or occupancy of the Premises or the building or the project of which it is a part, the presence or release of hazardous materials arising as a result of Sublessee’s actions, or by virtue of any act or omission of Sublessee or its employees,
agents, licensees, contractors or invitees. Unless arising from the negligence or willful misconduct of Sublessee, Sublessor shall indemnify, defend and save harmless Sublessee from and against any and all liabilities, claims, damages, losses,
judgments, costs and expenses, including without limitation attorneys’ fees, resulting from or arising in connection with Sublessor’s use or occupancy of the Premises or the building or the project of which it is a part, the presence or
release of hazardous materials arising as a result of Sublessor’s actions, or by virtue of any act or omission of Sublessor or its employees, agents, licensees, contractors or invitees. Notwithstanding anything contained in this Sublease to the
contrary, the provisions of this Section 10 shall survive the termination of this Sublease. 
 11. Alterations,
Additions, and Improvements to Premises. Sublessee shall not erect any sign in or upon the Premises or make any alteration, addition or improvement to the Premises except as permitted by, and on such terms and conditions as are set forth in,
the Lease. 
 12. Insurance. Sublessee shall, at its own cost and expense, obtain and maintain during the term of
this Sublease all of the insurance which is required under the Lease to be obtained and maintained by Sublessor. Such insurance shall name Sublessor and Lessor as additional insureds, as their interests may appear. Sublessee shall provide Sublessor
with written evidence of such insurance within ten (10) days from the Commencement Date. 
 13. Default. The
occurrence of any of the following events shall be deemed to be a “Event of Default” under this Sublease: (a) any failure by Sublessee to pay any sum due hereunder within three (3) calendar days after written notice from
Sublessor that such sums are past due; (b) any act or omission of Sublessee which would, upon notice and the lapse of time, constitute a default or event of default under the Lease; (c) any failure by Sublessee to perform or comply with
any other term, condition or covenant to be observed by Sublessee hereunder or as lessee under the Lease within twenty-five (25) calendar days of notice thereof, or such longer period as may reasonably be required to effect such cure so long as
Sublessee diligently prosecutes such cure to completion; (e) the filing by or against Sublessee of any proceeding in bankruptcy, receivership, insolvency, reorganization, liquidation, conservatorship or similar proceeding, or an assignment by
Sublessee for the benefit of creditors. 
 14. Remedies. Upon the occurrence of an Event of Default:
(a) Sublessor may terminate this Sublease by written notice to Sublessee, whereupon this Sublease and the term 

 

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hereunder shall be terminated and Sublessee shall immediately vacate the Premises; (b) Sublessor may reenter the Premises, with or without terminating this Sublease in compliance with all
applicable laws, and remove Sublessee and all persons, property, fixtures and chattels occupying or located within the Premises without liability to Sublessee for any damages or claims arising therefrom; and (c) in the event of any termination
of this Sublease or repossession of the Premises, Sublessee shall be liable for and shall pay to Sublessor the sum of all rent and other payments and fees due hereunder as of the date of such termination and, to the extent permitted by law, an
amount equal to all rent that would have become due and payable through the remaining term hereof, less the fair market value of the Premises for the same period, such total discounted to present value. The foregoing rights and remedies shall be in
addition to all other rights available to Sublessor at law or in equity. All rights and remedies of Sublessor herein created or otherwise existing at law or in equity are cumulative and may be exercised concurrently, whenever and as often as deemed
desirable by Sublessor. 
 15. Right to Cure Defaults. If Sublessee fails to pay when due any rent, charge or
other obligation to be paid by it pursuant to the terms hereof, or fails to perform any other covenant or condition contained herein or the Lease, then Sublessor, at its option, may do so and the amount so expended by Sublessor, together with
interest accruing at the Default Rate from the date of each such expenditure, shall become immediately due and payable to Sublessor as additional rent. If Sublessor fails to perform its obligations under the Lease after notice and lapse of
applicable cure period, to the extent not required to be performed by Sublessee under this Sublease, then Sublessee shall have the right to perform the same and Sublessor shall reimburse Sublessee for the costs thereof together with interest at the
Default Rate from the date such costs were incurred. 
 16. Electricity. Sublessee shall pay to Sublessor,
together with Rent, $900.13 per month as a charge for electricity usage to the Premises. 
 17. Waiver of Subrogation.
Anything in this Sublease to the contrary notwithstanding, Sublessor and Sublessee each hereby waives any and all rights of recovery, claim, action or cause of action, against the other, its agents, officers, or employees, for any loss or damage
that may occur to the Premises or any improvements thereto, or any personal property of such party therein, by reason of fire, the elements, or any other cause which is normally insured against under the terms of standard fire and extended coverage
insurance policies regardless of cause or origin, including negligence of the other party hereto, its agents, officers or employees, and each covenants that no insurer shall hold any right of subrogation against such other party. 

18. Condition of Premises. Sublessee hereby acknowledges and agrees that, except as expressly provided in this Sublease,
Sublessor has made no representations or warranties with respect to the Premises or with respect to the suitability of same for the conduct of Sublessee’s business, and Sublessee accepts the same “as is”. Sublessee shall, on the last
day of the term hereof, or upon earlier termination hereof, peaceably and quietly surrender and deliver unto Sublessor the Premises in the condition required to be maintained under the Lease, reasonable wear and tear and damage by fire or other
casualty excepted. 
 19. Furniture and Phone Systems. Sublessor hereby conveys to Sublessee for the amount of one
dollar ($1.00) any and all right, title and interest of Sublessor in and to the 
  

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furniture and telephone systems located within the Premises. Sublessee acknowledges and agrees that Sublessor makes no warranties or representations of any kind, whether as to merchantability or
fitness or suitability thereof for Sublessee’s operations. Sublessor hereby represents and warrants to Sublessee that Sublessor is the sole owner of the furniture and telephone equipment free and clear of any liens or encumbrances and Sublessor
has the right to convey title to said furniture and equipment to Sublessee. Sublessee shall remove all such furniture and telephone systems, at Sublessee’s sole cost and expense, on or before the expiration of the term of this Sublease,
repairing any and all damage to the Premises caused thereby. If Sublessee fails to perform such removal, Sublessor shall have the right, but not the obligation, to remove the same at Sublessee’s cost and expense, which costs and expenses may be
deducted by Sublessor from the security deposit. 
 20. Consent. If Sublessee desires to take any action that
would require the consent of Lessor under the Lease, including, without limitation any request to assign this Sublease or further sublease the Premises, Sublessee shall not undertake the same without the prior written consent of Lessor and
Sublessor, which consent shall be governed by the applicable provisions of the Lease. Sublessor may condition its consent on the consent of the Lessor and may require Sublessee to contact the Lessor directly for such consent. 

21. Right to Enter. All rights given to the Lessor and its agents and representatives by the Lease to enter the Premises
shall inure to the benefit of Sublessor and its agents and representatives. 
 22. Notices and Payment of Rent.
Any payment of rent, notice, exercise of option or election, communication, request or other documents or demand required or desired to be given to Sublessor or Sublessee shall be in writing and shall be deemed given when delivered personally to
an office or officer of the other party to be served or notified or, if by certified or registered mail, three (3) business days following deposit of the same in the U.S. Mail, when addressed to the party to be notified as first set forth
above, or at such other address provided by said party in accordance with the terms hereof. 
 23. Amendments. No
amendment to this Sublease shall be valid or binding unless such amendment is in writing and executed by each of the parties hereto. 

24. Security Deposit. Sublessee shall pay to Sublessor prior to the Commencement Date a security deposit in the amount of
$75,610, which sum shall be retained in an interest bearing account, which interest shall be included with the security deposit to be held or released in accordance with this Section 24, as security for the Sublessee’s performance and
observance of the covenants, conditions and agreements to be performed or observed by it hereunder. Provided that no Event of Default has occurred under this Sublease, the security deposit shall be reduced by $12,601 (and returned to or credited to
Sublessee) each month, beginning on July 1, 2006; provided, however, that the security deposit shall in no event be reduced to less than $25,200. Upon the occurrence of any Event of Default, Sublessor may use such security deposit to the extent
necessary to make good any arrears of Rent or other payments due to Sublessor hereunder, and any actual damage, injury, expense or liability caused thereby. Any remaining balance of said security deposit shall be returned to Sublessee upon the
expiration or earlier termination of this Sublease and the complete discharge of all of Sublessee’s obligations under this Sublease. 
  

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 25. Holding Over. Sublessee shall vacate the Premises at the expiration of the
term of this Sublease. In the event, however, that Sublessee should hold over after the expiration or termination of this Sublease, Sublessee shall pay to Sublessor 150% of Base Rent otherwise due hereunder for the holdover period. No holding over
by Sublessee after the term of this Sublease shall be construed to extend the term hereof. Any holding over with the written consent of Sublessor shall constitute, unless otherwise stated, a lease from month to month. 

26. Governing Law. The various provisions of this Sublease shall be construed under, and the respective rights and
obligations of the parties shall be determined with reference to, the laws of the State of New Jersey. 
 27. Successors
and Assigns. The terms and provisions of this Sublease shall be binding upon and inure to the benefit of the respective successors and assigns of the parties hereto. 

28. Captions. The captions of the several sections of this Sublease are not a part of the context hereof and shall not be
considered in construing or interpreting any provision of this Sublease. 
 29. Multiple Counterparts. This
Sublease may be executed by one or more parties hereto on any number of separate counterparts, each of which shall be an original and all of which when taken together shall constitute one and the same agreement. 

30. Brokerage. Each party hereto represents and warrants to the other that, except for CB Richard Ellis and Cushman and
Wakefield whose fees shall be paid by Sublessor, there is no real estate broker or agent acting in this transaction at the request of or otherwise on behalf of the party making the representation and warranty, or who may claim any commission or fee
in connection herewith. Each party hereto hereby agrees to indemnify and hold the other harmless from and against any and all claims by any other real estate broker or agent claiming a commission, fee or other form of compensation by virtue of
having dealt with the indemnifying party with respect to this Sublease or any other matter relating to the Premises. 
 IN
WITNESS WHEREOF, the parties hereto have caused this Sublease Agreement to be executed by their respective duly authorized officers as of the date first above written. 

 

			
	Tibbett & Britten Group North America, Inc.
		
	By:	 	/s/ Marvin I. Larger
	Name:	 	Marvin I. Larger
	Title:	 	EVP
	
	AEGERION PHARMACEUTICALS, INC.
		
	By:	 	/s/ William H. Lewis
	Name:	 	William H. Lewis
	Title:	 	CFO

  

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 CONSENT TO SUBLEASE 

In accordance with the provisions of Section 18 of that certain lease agreement dated April 28, 2004 (the “Lease”)
between the undersigned, as “Landlord”, and Tibbett & Britten Group North America, Inc., as “Tenant”, the undersigned hereby consents to the sublease agreement (the “Sublease”) between Tenant, as
“Sublessor”, and Aegerion Pharmaceuticals, Inc., as “Sublessee”, dated June 6, 2006. Provided, however, this consent shall not be deemed in any way to modify or amend any of the terms or provisions of the Lease, it being the
intent and understanding of Landlord in executing this consent that the Sublease is, and shall be, subject and subordinate in all respects to the Lease, and that in the event of any conflict between the terms and conditions of the Lease and the
terms and conditions of the Sublease, the terms and conditions of the Lease shall control as between Landlord and Tenant. Further, and notwithstanding any structuring of obligations and responsibilities between Tenant and Sublessee pursuant to the
terms of the Sublease, in accordance with the provisions of Section 18 of the Lease, Tenant remains fully liable for the performance of all applicable obligations and responsibilities of the “Tenant” under the Lease. Further, this
consent by Landlord shall not be deemed to be a waiver by Landlord of its right to approve any other subletting or assignment, as set forth in the Lease. 

 

			
	LANDLORD:
	
	GLB 3, L.L.C., a New Jersey limited liability partnership
		
	By:	 	Glenborough Realty Trust Incorporated, a Maryland corporation, Its Manager
		
	By:	 	/s/ [ILLEGIBLE]
		 	Its Executive Vice President

  

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 Consent of Lessor 

The undersigned, GLB 3, L.L.C., Lessor under the Lease, hereby consents to the foregoing Sublease to be effective upon the execution of
said instrument by Tibbett & Britten Group North America, Inc., lessee under the Lease, and by the above-named Sublessee. 
  

			
	GLB 3, L.L.C., a New Jersey limited liability partnership
		
	By:	 	Glenborough Realty Trust Incorporated, a Maryland corporation, Its Manager
		
	By:	 	/s/ [ILLEGIBLE]
	Date:	 	June 6, 2006

  

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 EXHIBIT A 

Floor Plan of Premises 

[To be attached] 
  

 10 

 EXHIBIT B 

Copy of Lease 
  

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 MASTER LEASE 

TIBBET & BRITTEN 

SUBLESSOR 
  

 TABLE OF CONTENTS 

 

							
	 	  	 	  	 	  	Page
	1.	  	LEASE OF PREMISES	  	1
			
	2.	  	DEFINITIONS	  	1
		  	2.1	  	ANNUAL BASE RENT:	  	1
		  	2.2	  	BASE YEAR	  	1
		  	2.3	  	COMMENCEMENT DATE	  	1
		  	2.4	  	COMMON AREA	  	1
		  	2.5	  	EXPIRATION DATE	  	1
		  	2.6	  	LANDLORD’S ADDRESS FOR NOTICE	  	2
		  	2.7	  	LISTING AND LEASING AGENT(S)	  	2
		  	2.8	  	MONTHLY INSTALLMENTS OF BASE RENT	  	2
		  	2.9	  	NOTICE	  	2
		  	2.10	  	PARKING	  	2
		  	2.11	  	PREMISES	  	2
		  	2.12	  	PROJECT	  	2
		  	2.13	  	LAND	  	3
		  	2.14	  	PARK	  	3
		  	2.15	  	RENTABLE AREA	  	3
		  	2.16	  	SECURITY DEPOSIT (Section 8.)	  	3
		  	2.17	  	STATE	  	3
		  	2.18	  	TENANT’S PROPORTIONATE SHARE	  	3
		  	2.19	  	TENANT’S USE (Section 9.)	  	3
		  	2.20	  	TERM	  	3
			
	3.	  	EXHIBITS AND ADDENDA	  	3
			
	4.	  	DELIVERY OF POSSESSION	  	4
			
	5.	  	INTENDED USE OF THE PREMISES	  	5
			
	6.	  	RENT	  	5
		  	6.1	  	Payment of Rent	  	5
		  	6.2	  	[Intentionally Deleted]	  	5
		  	6.3	  	Determination and Payment of Tax Costs and Operating Expenses	  	8
		  	6.4	  	Definition of Rent	  	9
		  	6.5	  	Taxes on Tenant’s Use and Occupancy	  	9

  

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	7.	  	LATE CHARGES	  	10
			
	8.	  	SECURITY DEPOSIT	  	10
			
	9.	  	TENANT’S USE OF THE PREMISES	  	11
		  	9.1	    	Use	  	11
		  	9.2	    	Observance of Law	  	11
		  	9.3	    	Insurance	  	12
		  	9.4	    	Nuisance and Waste	  	12
		  	9.5	    	Load and Equipment Limits	  	12
		  	9.6	    	Hazardous Material	  	13
			
	10.	  	SERVICES AND UTILITIES	  	13
			
	11.	  	REPAIRS AND MAINTENANCE	  	16
		  	11.1	    	Landlord’s Obligations	  	16
		  	11.2	    	Tenant’s Obligations	  	16
		  	11.3	    	Compliance with Law	  	17
		  	11.4	    	Notice of Defect	  	17
		  	11.5	    	Landlord’s Liability	  	17
			
	12.	  	CONSTRUCTION, ALTERATIONS AND ADDITIONS	  	17
		  	12.1	    	Landlord’s Construction Obligations	  	17
		  	12.2	    	Tenant’s Construction Obligations	  	17
		  	12.3	    	Tenant’s Alterations and Additions	  	17
		  	12.4	    	Payment	  	18
		  	12.5	    	Property of Landlord	  	18
			
	13.	  	LEASEHOLD IMPROVEMENTS; TENANT’S PROPERTY	  	19
		  	13.1	    	Leasehold Improvements	  	19
		  	13.2	    	Tenant’s Property	  	19
			
	14.	  	INDEMNIFICATION	  	19
		  	14.1	    	Tenant Indemnification	  	19
		  	14.2	    	Landlord Not Liable	  	20
			
	15.	  	TENANT’S INSURANCE	  	20
		  	15.1	    	Insurance Requirement	  	20
		  	15.2	    	Minimum Scope of Coverage	  	21
		  	15.3	    	Minimum Limits of Insurance	  	22
		  	15.4	    	Deductible and Self-Insured Retention	  	22
		  	15.5	    	Increases in Insurance Policy Limits	  	22
		  	15.6	    	Waiver of Subrogation	  	22
		  	15.7	    	Landlord’s Right to Obtain Insurance for Tenant	  	22
			
	16.	  	DAMAGE OR DESTRUCTION	  	22
		  	16.1	    	Damage	  	22
		  	16.2	    	Repair of Premises in Excess of One Hundred Eighty Days	  	23

  

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		  	16.3	    	Repair Outside Premises	  	23
		  	16.4	    	Tenant Repair	  	24
		  	16.5	    	Election Not to Perform Landlord’s Work	  	24
		  	16.6	    	Express Agreement	  	24
			
	17.	  	EMINENT DOMAIN	  	24
		  	17.1	    	Whole Taking	  	24
		  	17.2	    	Partial Taking	  	24
		  	17.3	    	Proceeds	  	25
		  	17.4	    	Landlord’s Restoration	  	25
			
	18.	  	ASSIGNMENT AND SUBLETTING	  	25
		  	18.1	    	No Assignment or Subletting	  	25
		  	18.2	    	Landlord’s Consent	  	26
		  	18.3	    	Tenant Remains Responsible	  	27
		  	18.4	    	Payment of Fees	  	28
			
	19.	  	DEFAULT	  	28
		  	19.1	    	Tenant’s Default	  	28
		  	19.2	    	Landlord Remedies	  	29
		  	19.3	    	Damages Recoverable	  	30
		  	19.4	    	Landlord’s Right to Cure Tenant’s Default	  	30
		  	19.5	    	Landlord’s Default	  	30
		  	19.6	    	Mortgagee Protection	  	31
		  	19.7	    	Tenant’s Right to Cure Landlord’s Default	  	31
			
	20.	  	WAIVER	  	31
			
	21.	  	SUBORDINATION AND ATTORNMENT	  	32
			
	22.	  	TENANT ESTOPPEL CERTIFICATES	  	32
		  	22.1	    	Landlord Request for Estoppel Certificate	  	32
		  	22.2	    	Failure to Execute	  	32
			
	23.	  	NOTICE	  	33
			
	24.	  	TRANSFER OF LANDLORD’S INTEREST	  	33
			
	25.	  	SURRENDER OF PREMISES	  	33
		  	25.1	    	Clean and Same Condition	  	33
		  	25.2	    	Failure to Deliver Possession	  	34
		  	25.3	    	Property Abandoned	  	34

  

 iii 

							
	26.	  	HOLDING OVER	  	34
			
	27.	  	RULES AND REGULATIONS	  	34
			
	28.	  	CERTAIN RIGHTS RESERVED BY LANDLORD	  	34
		  	28.1	    	Name	  	35
		  	28.2	    	Signage	  	35
		  	28.3	    	Access	  	35
		  	28.4	    	Physical Changes	  	35
		  	28.5	    	Inspection	  	35
		  	28.6	    	Entry	  	35
		  	28.7	    	Common Area Regulation	  	35
			
	29.	  	ADVERTISEMENTS AND SIGNS	  	35
			
	30.	  	RELOCATION OF PREMISES	  	36
			
	31.	  	GOVERNMENT ENERGY OR UTILITY CONTROLS	  	36
			
	32.	  	FORCE MAJEURE	  	36
			
	33.	  	BROKERAGE FEES	  	37
			
	34.	  	QUIET ENJOYMENT	  	37
			
	35.	  	TELECOMMUNICATIONS	  	37
			
	36.	  	MISCELLANEOUS	  	39
		  	36.1	    	Accord and Satisfaction; Allocation of Payments	  	39
		  	36.2	    	Addenda	  	39
		  	36.3	    	Attorneys’ Fees	  	39
		  	36.4	    	Captions and Section Numbers	  	39
		  	36.5	    	Changes Requested by Lender	  	39
		  	36.6	    	Choice of Law	  	39
		  	36.7	    	Consent	  	39
		  	36.8	    	Authority	  	39
		  	36.9	    	Waiver of Right to Jury Trial	  	40
		  	36.10	    	Counterparts	  	40
		  	36.11	    	Execution of Lease; No Option	  	40
		  	36.12	    	Furnishing of Financial Statements; Tenant’s Representations	  	40
		  	36.13	    	Further Assurances	  	40
		  	36.14	    	Prior Agreements; Amendments	  	40
		  	36.15	    	Recording	  	41
		  	36.16	    	Severability	  	41

  

 iv 

							
		  	36.17	    	Successors and Assigns	  	41
		  	36.18	    	Time of the Essence	  	41
		  	36.19	    	Multiple Parties	  	41
		  	36.20	    	Consent to Press Release	  	41

  

 v 

 LEASE 

This lease between GLB 3 LLC, a New Jersey limited liability company (herein Landlord), and Tibbett & Britten Group North
America, Inc., a Delaware corporation (herein Tenant), is dated for reference purposes only as of this 28th day of April, 2004. 
 1.
LEASE OF PREMISES. 
 In consideration of the Rent (as defined in Section 6.) and the provisions of this Lease,
Landlord leases to Tenant and Tenant leases from Landlord the Premises shown by diagonal lines on the floor plan attached hereto as Exhibit “A”, and further described in Section 2.13. The Premises are located within the Building and
Project (as described in Sections 2.13 and 2.14). Tenant shall have the nonexclusive right (unless otherwise provided herein) in common with Landlord, other tenants, subtenants and invitees, to use the Common Area (as defined in Section 2.5).
This Lease confers no rights either to the subsurface of the land below the ground level of the Building in which the Premises is located or to airspace, interior or exterior, above the ceiling of the Building. 

2. DEFINITIONS. 

As used in this Lease the following terms shall have the following means: 

2.1 [Intentionally Deleted] 

2.2 ANNUAL BASE RENT: 

beginning June 29, 2004 ending June 30, 2005 

beginning July 1, 2005 ending June 30, 2006 

beginning July 1, 2006 ending June 30, 2007 

beginning July 1, 2007 ending June 30, 2008 

beginning July 1, 2008 ending June 30, 2009 

beginning July 1, 2009 ending June 30, 2010 

beginning July 1, 2010 ending October 31 2010 

2.3 BASE YEAR: Base Calendar year of 2004 for Operating Expenses and Tax Costs. 

2.4 COMMENCEMENT DATE: June 29, 2004 or such date that Landlord substantially completes
Landlord’s Work in the Premises as set forth in Exhibit D attached hereto. If the Commencement Date is other than the first day of a month, then the Expiration Date of the Lease shall be extended to the last day of the month in which the Lease
expires. 
 2.5 COMMON AREA: The building lobbies, common corridors and hallways, rest rooms, parking areas
and other generally understood public or common areas in the Project and the Park. 
 2.6 EXPIRATION DATE:
October 31, 2010, unless otherwise sooner terminated in accordance with the provisions of this Lease. 

 2.7 [Intentionally Deleted] 

2.8 LANDLORD’S ADDRESS FOR NOTICE: 

c/o Glenborough Realty Trust Incorporated 

400 South El Camino Real, Suite 1100 

San Mateo, CA 94402-1708 

ATTN: Legal Department 

RENT PAYMENT ADDRESS: 

c/o Glenborough Realty Trust Incorporated 

One Gatehall Drive 

Parsippany, NJ 07054 

TENANT’S MAILING ADDRESS: 

Tenant to Fill In 

1140 Route 22 East 

Bridgewater, NJ 08807 

2.9 LISTING AND LEASING AGENT(S): CB Richard Ellis, Inc. 

2.10 MONTHLY INSTALLMENTS OF BASE RENT: 

beginning June 29, 2004 ending June 30, 2005 

beginning July 1, 2005 ending June 30, 2006 

beginning July 1, 2006 ending June 30, 2007 

beginning July 1, 2007 ending June 30, 2008 

beginning July 1, 2008 ending June 30, 2009 

beginning July 1, 2009 ending June 30, 2010 

beginning July 1, 2010 ending October 31, 2010 

2.11 NOTICE: Except as otherwise provided herein, Notice shall mean any notices, approvals and demands
permitted or required to be given under this Lease. Notice shall be given in the form and manner set forth in Section 23. 

2.12 PARKING: Tenant shall be entitled to the nonexclusive use of 29 parking spaces. The charge for parking shall be
($0.00) per month per parking space for the initial term of this lease. Landlord may permit Tenant to rent additional spaces, if available, at the then current parking rate. Each such additional parking space, however, shall not be a part of this
Lease, and Landlord reserves the right to adjust the parking rate for each additional parking space at any time and to terminate the rental of such additional parking spaces at any time. 

2.13 PREMISES: That portion of the 3rd floor(s) of the Building located at 1140 Route 22 East, Bridgewater, NJ,
commonly referred to as Suite(s) 304, as shown by diagonal lines on Exhibit “A”. For purposes of this Lease, the Premises is deemed to contain approximately 7.201 square feet of Rentable Area. 

2.14 PROJECT: The building of which the Premises are a part (the Building) and any other buildings or improvements
on the real property (the Property) located at 
  

 2 

 
1140 Route 22 East, Bridgewater, NJ (including the parking areas and Common Area servicing the Building and other Common Elements appurtenant thereto as set forth in the Master Deed establishing
the Condominium and designated as Unit IV in Bridgewater Executive Quarters at Bridgewater, a Condominium located on Lot(s) Lots 2, 3, 7, 8, 9, 10 and 50 in Block 206 on the Tax Map of the’ Township of Bridgewater) and further identified in
‘ Exhibit “B”. The Project is commonly known as CenterPointe IV. 
 2.15 LAND: The
land on which the Park is located, described as Lots 2, 3, 7, 8, 9, 10 and 50 in Block 206 on the Tax Map of the Township of Bridgewater, New Jersey, and as identified on Exhibit B. 

2.16 PARK: An office park consisting of the Project, together with the existing buildings known as CenterPointe I,
II, III and IV, as identified on Exhibit B. 
 2.17 RENTABLE AREA: As to the Premises,
Project and the Park, the respective measurements of floor area as may from time to time be subject to lease by Tenant and all tenants of the Project, respectively, as determined by Landlord and applied on a consistent basis throughout the Project.

 2.18 SECURITY DEPOSIT (Section 8.): $13,501.88. 

2.19 STATE: The State of New Jersey. 

2.20 [Intentionally Deleted] 

2.21 TENANT’S PROPORTIONATE SHARE: 7.49% Such share is a fraction, the numerator of
which is the Rentable Area of die Premises, and the denominator of which is the Rentable Area of the Project, as determined by Landlord from time to time. The Project consists of one Building, and, for purposes of this Lease, the Building is deemed
to contain approximately 96,148 square feet of Rentable Area. 
 2.22 TENANT’S USE (Section
9.): Tenant may use the Premises for general office use for a logistics services provider. 
 2.23
TERM: The period commencing on the Commencement Date and expiring at midnight on the Expiration Date. 
 3. EXHIBITS AND
ADDENDA. 
 The exhibits and addenda listed below (unless lined out) are attached hereto and incorporated by reference in
this Lease: 
 3.1 Exhibit A - Floor Plan showing the Premises. 

3.2 Exhibit B - Site Plan of the Project and Park. 

3.3 Exhibit C - Building Standard Tenant Improvements. 

3.4 Exhibit D - Work Letter and Drawings. 
  

 3 

 3.5 Exhibit E - Rules and Regulations. 

Addenda: Attached hereto and made a part of this Lease by reference are Sections 37, 38, 39. 

4. DELIVERY OF POSSESSION. 

If for any reason Landlord does not deliver possession of the Premises to Tenant on the Commencement Date, and such failure is not caused
by an act or omission of Tenant, the Expiration Date shall be extended by the number of days the Commencement Date has been delayed and the validity of this Lease shall not be impaired nor shall Landlord be subject to any liability for such failure;
but Rent shall be abated until delivery of possession. Provided, however, if the Commencement Date has been delayed by an act or omission of Tenant then Rent shall not be abated until delivery of possession and the Expiration Date shall not be
extended. Delivery of possession shall be deemed to occur on the earlier of the date Landlord receives a Certificate of Occupancy or upon substantial completion of Landlord’s Work in the Premises as set forth in Exhibit D, attached hereto (as
certified by Landlord’s architect) and complete sign off of the building permit by the building inspector. As used herein, Landlord shall be deemed to have substantially completed Landlord’s Work as set forth on Exhibit D attached hereto
notwithstanding that minor or insubstantial details of construction, mechanical adjustment or decoration remain to be performed in the Premises or any part thereof, the non-completion of which does not materially interfere with Tenant’s use of
the Premises or the construction of Tenant’s Work. If Landlord permits Tenant to enter into possession of the Premises before the Commencement Date, such possession shall be subject to the provisions of this Lease, including, without
limitation, the payment of Rent (unless otherwise agreed in writing). Notwithstanding the foregoing, provided the same does not unreasonably interfere with Landlord’s work, Landlord shall permit Tenant and its contractors reasonable access
to’ the Premises approximately two weeks prior to the Commencement Date for the purpose of installing its communication lines, equipment and furniture. Tenant’s early access is conditioned upon Tenant providing proof of insurance prior to
access, and shall be further subject to all of the other terms and conditions of this Lease. 
 Within ten (10) days of
delivery of possession Landlord shall deliver to Tenant and Tenant shall execute an Acceptance of Premises in which Tenant shall certify, among other things, that (a) Landlord has satisfactorily completed Landlord’s Work to the Premises
pursuant to Exhibit “D”, unless written exception is set forth thereon, and (h) that Tenant accepts the Premises. Tenant’s failure to execute and deliver the Acceptance of Premises shall be conclusive evidence, as against Tenant,
that Landlord has satisfactorily completed Landlord’s Work to the Premises pursuant to Exhibit “D”. 
 In the
event Tenant fails to take possession of the Premises following execution of this Lease, Tenant shall reimburse Landlord promptly upon demand for all costs incurred by Landlord in connection with entering into this Lease including, but not limited
to, broker fees and commissions, sums paid for the preparation of a floor and/or space plan for the Premises, costs incurred in performing Landlord’s Work pursuant to Exhibit “D”, loss of rental income, attorneys’ fees and costs,
and any other damages for breach of this Lease established by Landlord. 
  

 4 

 5. INTENDED USE OF THE PREMISES. 

The statement in this Lease of the nature of the business to be conducted by Tenant in the Premises does not constitute a representation
or guaranty by the Landlord as to the present or future suitability of the Premises for the conduct of such business in the Premises, or that it is lawful or permissible under the Certificate of Occupancy issued for the Building, or is otherwise
permitted by law. Tenant’s taking possession of the Premises shall be conclusive evidence, as against Tenant, that, at the time such possession was taken, the Premises were satisfactory for Tenant’s intended use, subject to completion of
any construction of any construction punch list items. Punch list items are incidental, incomplete construction items which do not materially, adversely affect the conduct of the Tenant’s business at the Premises. Subject to force majeure,
Landlord shall remedy any punch list items with continuous diligence as soon as reasonably possible following the delivery of possession. Thereafter, any temporary certificate of occupancy shall be promptly converted to a final certificate of
occupancy. 
 6. RENT. 

6.1 Payment of Rent. Tenant shall pay Rent for the Premises. Monthly Installments of Rent shall be payable in
advance on the first day of each calendar month of the Term. If the Term begins (or ends) on other than the first (or last) day of a calendar month, Rent for the partial month shall be prorated based on the number of days in that month. Rent shall
be paid to Landlord at the Rent Payment Address set forth in Section 2.8., or to such other person at such place as Landlord may from time to time designate in writing, without any prior demand therefor and without deduction or offset, in
lawful money of the United States of America. Tenant shall pay Landlord the first Monthly Installment of Base Rent upon execution of this Lease. 

6.2 [Intentionally Deleted] 

6.3 Additional Rent for Increases in Tax Costs and Operating Expenses. If, in any calendar year during the
Term of this Lease, Landlord’s Tax Costs and Operating Expenses (as hereinafter defined) for the Project (hereinafter sometimes together referred to as Direct Costs) shall be higher than in the Base Year specified in Section 2.3.,
Additional Rent for such Direct Costs payable hereunder shall be increased by an amount equal to Tenant’s Proportionate Share of the difference between Landlord’s actual Direct Costs for such calendar year and the actual Direct Costs of
the Base Year. However, if during any calendar year of the Term the occupancy of the Project is less than ninety-five percent (95%), then Landlord shall make an appropriate adjustment of the variable components of Operating Expenses, as reasonably
determined by Landlord, to determine the amount of Operating Expenses that would have been incurred had the Project been ninety-five percent (95%) occupied during that calendar year. This estimated amount shall be deemed the amount of Operating
Expenses for that calendar year. For purposes hereof, “variable components” shall include only those Operating Expenses that are affected by variations in occupancy levels. 

 

 5 

 6.3.1 Definitions. As used in this Section 6.3.1., the following
terms shall have the following meanings: 
 6.3.1.1 Tax Costs shall mean any and all real estate taxes, other
similar charges on real property or improvements, assessments, water and sewer charges, and all other charges (but in no event Landlord’s income, franchise or estate taxes) assessed, levied, imposed or becoming a lien upon part or all of the
Project or the appurtenances thereto, or attributable thereto, or on the rents, issues, profits or income received or derived therefrom which may be imposed, levied, assessed or charged by the United States or the State, County or City in which the
Project is located, or any other local government authority or agency or political subdivision thereof. Notwithstanding anything contained herein to the contrary, Tax Costs shall not include any interest or penalties imposed upon Landlord or late
payment of taxes. Tax Costs for each tax year shall be apportioned to determine the Tax Costs for the subject calendar years. 

Landlord, at Landlord’s sole discretion, may contest any taxes levied or assessed during the Term. If Landlord
contests any taxes levied or assessed during the Term, Tenant shall pay Landlord Tenant’s Proportionate Share of all costs incurred by Landlord in connection with the contest. If taxes for any calendar year or part thereof shall be reduced
after the end of such calendar year after a payment shall have been made by Tenant in respect of such calendar year pursuant to this Section 6.3.1.1., Landlord shall credit to Tenant if they are due a credit an amount equal to the product
obtained by multiplying Tenant’s Proportionate Share by the net refund of such real property taxes received by Landlord. The provisions of this Paragraph shall survive the expiration or sooner termination of this Lease. 

6.3.1.2 Operating Expenses shall mean any and all actual expenses incurred by Landlord in connection with the management,
maintenance, operation, and repair of the Project, the equipment, adjacent walks, Common Area, parking areas, the roof, landscaped areas, including, but not limited to, salaries, wages, benefits, pension payments, payroll taxes, worker’s
compensation, and other costs related to employees engaged in the management, operation, maintenance and/or repair of the Project to the extent and in proportion to the time dedicated to the Project; any and all assessments or costs incurred with
respect to Covenants, conditions and/or Restrictions, Reciprocal Easement Agreements or similar documents ‘affecting the Building or Project, if any; the Project’s pro rata share of all expenses noted herein that are applicable to the
Common Area, which share shall be determined by multiplying the amount of such expenses by the ratio of (x) the Rentable Area of the Project over (y) the total Rentable Area in all buildings within the Park; the cost of all charges to
Landlord for electricity, natural gas, air conditioning, steam, water, and other utilities furnished to the common areas of the Project and the base building(s) including any taxes thereon; reasonable attorneys’ fees and/or consultant fees
incurred by Landlord in contracting with a company or companies to provide electricity (or any other utility) to the Project, any fees for the installation, 

 

 6 

 
maintenance, repair or removal of related equipment, and any exit fees or stranded cost charges mandated by the State; the cost and expense for third-party consultants, accountants and attorneys;
a management fee not to exceed 5% of all gross receipts of the Project; energy studies and/or surveys and the amortized cost of any energy or other cost saving equipment used by Landlord to provide services pursuant to the terms of the Lease
(including the amortized cost to upgrade the efficiency or capacity of Building telecommunication lines and systems if responsibility therefor is assumed by Landlord as discussed in Section 35 hereof); reasonable reserves for replacements as
may be customary in the geographic area in which the Project is located; the cost of license fees related to the Project; the cost of all charges for property (all risk), liability, rent loss and all other insurance for the Project to the extent
that such insurance is required to be carried by Landlord under any lease, mortgage or deed of trust covering the whole or a substantial part of the Project or the Building, or, if not required under any such lease, mortgage or deed of trust, then
to the extent such insurance is carried by owners of properties comparable to the Project; the cost of all building and cleaning supplies and materials; the cost of all charges for security services, cleaning, maintenance and service contracts and
other services with independent contractors, including but not limited to the maintenance, operation and repair of all electrical, plumbing and mechanical systems of the Project and maintenance, repair and replacement of any ICN; and the cost of any
janitorial, utility or other services to be provided by Landlord. 
 Notwithstanding the foregoing, the following
shall not be included within Operating Expenses: (i) costs of capital improvements (except any improvements that might be deemed “capital improvements” related to the enhancement or upgrade of the ICN and related equipment) and costs
of curing design or construction defects; (ii) depreciation; (iii) interest and principal payments on mortgages and other debt costs and ground lease payments, if any, and any penalties assessed as a result of Landlord’s late payments
of such amounts; (iv) real estate broker leasing commissions or compensation; (v) any cost or expenditure (or portion thereof) for which Landlord is reimbursed, whether by insurance proceeds or otherwise; (vi) attorneys’ fees,
costs, disbursements, advertising and marketing and other expenses incurred in connection with the negotiation of leases with prospective tenants of the Building; (vii) rent for space which is not actually used by Landlord in connection with
the management and operation of the Building; (viii) all costs or expenses (including fines, penalties and legal fees) incurred due to the violation by Landlord, its employees, agents, contractors or assigns of the terms and conditions of the
Lease, or any valid, applicable building code, governmental rule, regulation or law; (ix) except for the referenced management compensation, any overhead or profit increments to any subsidiary or affiliate of Landlord for services on or to the
Building, to the extent that the costs of such services exceed competitive costs for such services; (x) the cost of constructing tenant improvements for Tenant or any other tenant of the Building or Project; (xi) Operating Expenses
specially charged to and paid by any other tenant of the Building or Project; and (xii) the cost of special services, goods or materials provided to any other tenant of the Building or Project (xiii) legal

  

 7 

 
fees and other costs incurred by the Landlord in enforcing the terms and conditions of any occupancy agreement or lease in the Project; and (xiv) electrical or utility expenses paid by
Tenant or any other occupant of the Project directly to the utility provider or electrical or utility expenses paid by any other occupant of the Project directly to the Landlord under a sub-metering arrangement. 

All operating and maintenance costs shall be generally within the range of such costs for similar services and/or
materials paid and/or utilized by landlords of similar buildings within the local marketplace. 
 6.4 Determination
and Payment of Tax Costs and Operating Expenses. 
 6.4.1 On or before the last day of each
December during the Term of this Lease, Landlord shall furnish to Tenant a written statement showing in reasonable detail Landlord’s projected Direct Costs for the succeeding calendar year. If such statement of projected Direct Costs indicates
the Direct Costs will be higher than in the Base Year, then the Rent due from Tenant hereunder for the next succeeding year shall be increased by an amount equal to Tenant’s Proportionate Share of the difference between the projected Direct
Costs for the calendar year and the Base Year. If during the course of the calendar year Landlord determines that actual Direct Costs’ will vary from its estimate by more than five percent (5%), Landlord may deliver to Tenant a written
statement showing Landlord’s, revised estimate of Direct Costs. On the next payment date for Monthly Installments of Rent following Tenant’s receipt of either such statement, Tenant shall pay to Landlord an additional amount equal to such
monthly Rent increase adjustment (as set forth on Landlord’s statement). Thereafter, the monthly Rent adjustment payments becoming due shall be in the amount set forth in such projected Rent adjustment statement from Landlord. Neither
Landlord’s failure to deliver nor late delivery of such statement shall constitute a default by Landlord or a waiver of Landlord’s right to any Rent adjustment provided for herein. 

6.4.2 On or before the first day of each April during the Term of this Lease, Landlord shall furnish to Tenant a written
statement of reconciliation (the Reconciliation) showing in reasonable detail Landlord’s actual Direct Costs for the prior year, together with a full statement of any adjustments necessary to reconcile any sums paid as estimated Rent
adjustments during the prior year with those sums actually payable for such prior year. In the event such Reconciliation shows that additional sums are due from Tenant, Tenant shall pay such sums to Landlord within thirty (30) days of receipt
of such Reconciliation. In the event such Reconciliation shows that a credit is due Tenant, such credit shall be credited against the sums next becoming- due from Tenant, unless this Lease has expired or been terminated pursuant to the terms hereof
(and all sums due Landlord have been paid), in which event such sums shall be refunded to Tenant. Neither Landlord’s failure to deliver nor late delivery of such Reconciliation to Tenant by April first shall constitute a default by Landlord or
operate as a waiver of Landlord’s right to collect all Rent due hereunder. 
  

 8 

 6.4.3 So long as Tenant is not in default under the terms of the Lease and
provided Notice of Tenant’s request is given to Landlord within one hundred twenty (120) days after Tenant’s receipt of the Reconciliation, Tenant may inspect Landlord’s Reconciliation accounting records relating to Direct Costs
at Landlord’s corporate office, during normal business hours, for the purpose of verifying the charges contained in such statement. The audit must be completed within sixty (60) days of Landlord’s receipt of Tenant’s Notice,
unless such period is extended by Landlord (in Landlord’s reasonable discretion). Before conducting any audit however, Tenant must pay in full the amount of Direct Costs billed. Tenant may only review those records that specifically relate to
Direct Costs. Tenant may not review any other leases or Landlord’s tax returns or financial statements. In conducting an audit, Tenant must utilize an independent certified public accountant experienced in auditing records related to commercial
property operations. The proposed accountant is subject to Landlord’s reasonable prior approval. The audit shall be conducted in accordance with generally accepted rules of auditing practices. Tenant may not conduct an audit more often than
once each calendar year. Tenant may audit records relating to a calendar year only one time. No audit shall cover a period of time other than the calendar year from which Landlord’s Reconciliation was generated. Upon receipt thereof, Tenant
shall deliver to Landlord a copy of the audit report and all accompanying data. Tenant and Tenant’s auditor shall keep confidential any agreements involving the rights provided in this section and the results of any audit conducted hereunder.
As a condition precedent to Tenant’s right to conduct an audit, Tenant’s auditor shall sign a confidentiality agreement in a form reasonably acceptable to Landlord. However, Tenant shall be permitted to furnish information to its
attorneys, accountants and auditors to the extent necessary to perform their respective services for Tenant. 
 6.4
Definition of Rent. All costs and expenses other than Base Rent, that Tenant assumes or agrees or is obligated to pay to Landlord under this Lease shall be deemed Additional Rent (which, together with the Base Rent, is
sometimes referred to as Rent). 
 6.5 Taxes on Tenant’s Use and Occupancy. In addition to the
Rent and any other charges to be paid by Tenant hereunder, Tenant shall pay Landlord upon demand for any and all taxes payable by Landlord (other than net income taxes) which are not otherwise reimbursable under this Lease, whether or not now
customary or within the contemplation of the parties, where such taxes are upon, measured by or reasonably attributable to (a) the cost or value of Tenant’s equipment, furniture, fixtures and other personal property located in the
Premises, or the cost or value of any leasehold improvements made in or to the Premises by or for Tenant, other than Building Standard Tenant Improvements made by Landlord, regardless of whether title to such improvements is held by Tenant or
Landlord; (b) the gross or net Rent payable under this Lease, including, without limitation, any rental or gross receipts tax levied by any taxing authority with respect to the receipt of the Rent hereunder; (c) the possession, leasing,
operation, management, maintenance, alteration, repair, use or occupancy by Tenant of the Premises or any portion thereof; or (d) this transaction or any document to which Tenant is a party creating or transferring an interest or an estate in
the Premises. If it 
  

 9 

 
becomes unlawful for Tenant to reimburse Landlord for any costs as required under this Lease, the Base Rent shall be revised to net Landlord the same net Rent after imposition of any tax or other
charge upon Landlord as would have been payable to Landlord but for the reimbursement being unlawful. 
 7. LATE CHARGES.

 If Tenant fails to pay when due any Rent or other amounts or charges which Tenant is obligated to pay under the terms of this
Lease, then Tenant shall pay Landlord a late charge equal to ten percent (10%) of each such installment if any such installment is not received by Landlord within five (5) days from the date it is due. Tenant acknowledges that the late
payment of any Rent will cause Landlord to lose the use of that money and incur costs and expenses not contemplated under this Lease including, without limitation, administrative costs and processing and accounting expenses, the exact amount of
which is extremely difficult to ascertain. Landlord and Tenant agree that this late charge represents a reasonable estimate of such costs and expenses and is fair compensation to Landlord for the loss suffered as a result of such late payment by
Tenant. However, the late charge is not intended to cover Landlord’s attorneys’ fees and costs relating to delinquent Rent. Acceptance of any late charge shall not constitute a waiver of Tenant’s default with respect to such late
payment by nor prevent Landlord from exercising any other rights or remedies available to Landlord under this Lease. Late charges are deemed Additional Rent. 

In no event shall this provision for the imposition of a late charge be deemed to grant to Tenant a grace period or an extension of time
within which to pay any Rent due hereunder or prevent Landlord from exercising any right or remedy available to Landlord upon Tenant’s failure to pay such Rent when due. 

8. SECURITY DEPOSIT. 

Upon execution of this Lease, Tenant agrees to deposit with Landlord a Security Deposit in the amount set forth in Section 2.18 as
security for Tenant’s performance of its obligations under this Lease. Landlord and Tenant agree that the Security Deposit may be commingled with funds of Landlord and Landlord shall have no obligation or liability for payment of interest on
such deposit. Tenant shall not mortgage, assign, transfer or encumber the Security Deposit without the prior written consent of Landlord and any attempt by Tenant to do so shall be void, without force or effect and shall not be binding upon
Landlord. 
 If Tenant fails to timely pay any Rent or other amount due under this Lease, or fails to perform any of the terms
hereof, Landlord may, following the expiration of any applicable cure and grace periods at its option and without prejudice to any other remedy which Landlord may have, appropriate and apply or use all or any portion of the Security Deposit for Rent
payments or any other amount then due and unpaid, for payment of any amount for which .Landlord has become obligated as a result of Tenant’s default or breach, and for any loss or damage sustained by Landlord as a result of Tenant’s
default or breach. If Landlord so uses any of the Security Deposit, Tenant shall, within ten (10)
  

 10 

 
days after written demand therefor, restore the Security Deposit to the full amount originally deposited. Tenant’s failure to do so shall constitute an act of default hereunder and Landlord
shall have the right to exercise any remedy provided for in Section 19 hereof. 
 If Tenant materially defaults under this
Lease more than two (2) times during any calendar year, irrespective of whether such default is cured, then, without limiting Landlord’s other rights and remedies, Landlord may, in Landlord’s sole discretion, modify the amount of the
required Security Deposit. Within ten (10) days after Notice of such modification, Tenant shall submit to Landlord the required additional sums, provided however, that in no event shall the Security Deposit exceed the aggregate of six
(6) months of the then existing Base Rent. Tenant’s failure to do so shall constitute an act of default, and Landlord shall have the right to exercise any remedy provided for in Section 19 hereof. 

If Tenant complies with all of the terms and conditions of this Lease, and Tenant is not in default on any of its obligations hereunder,
then within thirty (30) days after Tenant vacates the Premises, Landlord shall return to Tenant (or, at Landlord’s option, to the last subtenant or assignee of Tenant’s interest hereunder) the Security Deposit less any expenditures
made by Landlord to repair damages to the Premises caused by Tenant and to clean the Premises upon expiration or earlier termination of this Lease. 

9. TENANT’S USE OF THE PREMISES. 

The provisions of this Section are for the benefit of the Landlord and are not nor shall they be construed to be for the benefit of any
tenant of the Building or Project. 
 9.1 Use. Tenant shall use the Premises solely for the purposes
set forth in Section 2.22. No change in the Use of the Premises shall be permitted, except as provided in this Section 9. 

9.1.1 If, at any time during the Term hereof, Tenant desires to change the Use of the Premises, including any change in
Use associated with a proposed assignment or sublet of the Premises, Tenant shall provide Notice to Landlord of its request for approval of such proposed change in Use. Tenant shall promptly supply Landlord with such information concerning the
proposed change in Use as Landlord may reasonably request. Landlord shall have the right to approve such proposed change in Use, which approval shall not be unreasonably withheld. Landlord’s consent to any change in Use shall not be construed
as a consent to any subsequent change in Use. 
 9.2 Observance of Law. Tenant shall not use or
occupy the Premises or permit anything to be done in or about the Premises in violation of any declarations, covenant, condition or restriction, or law, statute, ordinance or governmental rules, regulations or requirements now in force or which may
hereafter be enacted or promulgated. Tenant shall, at its sole cost and expense, upon Notice from Landlord, immediately discontinue any use of the Premises which is declared by any governmental

  

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authority having jurisdiction to be a violation of law or of the Certificate of Occupancy. Tenant shall promptly comply, at its sole cost and expense, with all laws, statutes, ordinances and
governmental rules, regulations or requirements now in force or which may hereafter be imposed which shall by reason of Tenant’s Use or occupancy of the Premises, impose any duty upon Tenant or Landlord with respect to Tenant’s Use or
occupation. Further, Tenant shall, at Tenant’s sole cost and expense, bring the Premises into compliance with all such laws, including the Americans With Disabilities Act of 1990, as amended (ADA), whether or not the necessity for compliance is
triggered by Tenant’s Use, and Tenant shall make, at its sole cost and expense, any changes to the Premises required to accommodate Tenant’s employees with disabilities (any work performed pursuant to this Section shall be subject to the
terms of Section 12 hereof). The judgment of any court of competent jurisdiction or the admission by Tenant in any action or proceeding against Tenant, whether Landlord is a party thereto or not, ‘that Tenant has violated any such law,
statute, ordinance, or governmental regulation, rule or requirement in the use or occupancy of the Premises, Building or Project shall be conclusive of that fact as between Landlord and Tenant. Landlord hereby represents and warrants to Tenant, to
the best of its knowledge, without the requirement of further investigation, that as of the reference date hereof, the Premises, Building or Project, including the Common Area, are in substantial compliance with all declarations, covenants,
conditions, restrictions, laws, statutes, ordinances, and government rules, regulations or requirements now in force. 
 9.3
Insurance. Tenant shall not do or permit to be done anything which will contravene, invalidate or increase the cost of any insurance policy covering the Building or Project and/or property located therein, and shall comply
with all rules, orders, regulations, requirements and recommendations of Landlord’s insurance carrier(s) or any board of fire insurance underwriters or other similar body now or hereafter constituted, relating to or affecting the condition, use
or occupancy of the Premises, excluding structural changes not related to or affected by Tenant’s improvements or acts. Tenant shall promptly upon demand reimburse Landlord for any additional premium charged for violation of this Section.
Landlord represents that Tenant’s use of the Premises for offices for a logistics services provider (i.e., the “Intended Use” shall not , in and of itself, cause any increase in Landlord’s insurance premiums. 

9.4 Nuisance and Waste. Tenant shall not do or permit anything to be done in or about the Premises which will
in any way obstruct or interfere with the rights of other tenants or occupants of the Building or Project, or injure or annoy them, or use or allow the Premises to be used for any improper, unlawful or objectionable purpose. Tenant shall not cause,
maintain or permit any nuisance in, on or about the Premises. Tenant shall not commit or suffer to be committed any waste in or upon the Premises. 

9.5 Load and Equipment Limits. Tenant shall not place a load upon any floor of the Premises which exceeds the
load per square foot which such floor was designed to carry as determined by Landlord or Landlord’s structural engineer. The cost of any such determination made by Landlord’s structural engineer in connection with Tenant’s occupancy
shall be paid by Tenant within thirty (30) days following Landlord’s demand. Tenant shall not install business machines or mechanical equipment which will in any manner cause noise objectionable to or injure other tenants in the Project.

  

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 9.6 Hazardous Material. Unless Tenant obtains the prior written
consent of Landlord, Tenant shall not create, generate, use, bring, allow, emit, dispose, or permit on the Premises, Building or Project any toxic or hazardous gaseous, liquid, or solid material or waste, or any other hazardous material defined or
listed in any applicable federal, state or local law, rule, regulation or ordinance. If Landlord grants its consent, Tenant shall comply with all applicable laws with respect to such hazardous material, including all laws affecting the use, storage
and disposal thereof. If the presence of any hazardous material brought to the Premises, Building or Project by Tenant or Tenant’s employees, agent or contractors results in contamination, Tenant shall promptly take all actions necessary, at
Tenant’s sole cost and expense, to remediate the contamination and restore the Premises, Building or Project to the condition that existed before introduction of such hazardous material. Tenant shall first obtain Landlord’s approval of the
proposed remedial action and shall keep Landlord informed during the process of remediation. 
 Tenant shall indemnify, defend
and hold Landlord harmless from any claims, liabilities, costs or expenses incurred or suffered by Landlord arising from Tenant bringing, allowing, using, permitting, generating, creating, emitting, or disposing of toxic or hazardous material
whether or not consent to same has been granted by Landlord. Tenant’s duty to defend, hold-harmless and indemnify Landlord hereunder shall survive the expiration or termination of this Lease. The consent requirement contained herein shall not
apply to ordinary office products that may contain de minimis quantities of hazardous material; however, Tenant’s indemnification obligations are not diminished with respect to the presence of such products. Tenant acknowledges that Tenant has
an affirmative duty to immediately notify Landlord of any release or suspected release of hazardous material in the Premises or on or about the Project. 

Medical waste and any other waste, the removal of which is regulated, shall be contracted for and disposed of by Tenant, at Tenant’s
expense, in accordance with all applicable laws and regulations. No material shall be placed in Project trash boxes, receptacles or Common Areas if the material is of such a nature that it cannot be disposed of in the ordinary and customary manner
of removing and disposing of trash and garbage in the State without being in violation of any law or ordinance. 
 10. SERVICES AND
UTILITIES. 
 Landlord agrees to furnish services and utilities to the Premises during normal business hours on generally
recognized business days, including the hours between 8:00 a.m. and 1:00 p.m. on Saturdays, subject to the Rules and Regulations of the Building or Project and provided that Tenant is not in default hereunder. Services and utilities shall include
reasonable quantities of electricity (for the Common Area), heating, ventilation and air conditioning (HVAC) as required in Landlord’s reasonable judgment for the comfortable use and occupancy of the Premises, and in the event the HVAC is used
during the respective overtime hours there shall be a charge of seventy-five dollars ($75.00) per hour of additional usage subject to change, based on Landlords costs to 

 

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provide such services; window washing and janitor services in a manner that such services are customarily furnished to comparable office buildings in the area. Landlord shall supply common area
water for drinking, cleaning and restroom purposes only and elevator services Tenant, at Tenant’s sole cost and expense, shall supply all paper and other products used, within the Premises. Upon Tenant’s request, Landlord shall replace
light bulbs and ballasts in the Premises, and Tenant shall pay Landlord for the cost of such light bulbs and ballasts plus Landlord’s reasonable administrative and labor costs associated with light bulb and ballast replacement. During normal
business hours on generally recognized business days, Landlord shall also maintain and keep lighted the common stairs, common entries and restrooms in the Building and shall furnish elevator service and restroom supplies. If Tenant desires HVAC or
other services at any other time, Landlord shall use reasonable efforts to furnish such service upon reasonable notice from Tenant, and Tenant shall pay Landlord’s charges therefor on demand. Landlord may provide telecommunications lines and
systems as discussed in Section 35 hereof. 
 Tenant shall be entitled through the transmission facilities installed in the
Premises, to have access to electric energy, at Tenant’s expense as provided for in this Paragraph, in the Premises in such reasonable quantity as shall be sufficient to meet Tenant’s ordinary business needs for lighting and the operation
of its ordinary business machines, including without limitation, photocopy equipment, telephone equipment, microwaves, coffee machines, and computer and data processing equipment. 

Tenant shall pay to Landlord from and after the Commencement Date, as Additional Rent in accordance with Section 6.1., a sum to
reimburse Landlord for all electricity used by Tenant to power the lights and electricity outlets located in the Premises (the Tenant Electric Amount). The Tenant Electric Amount shall be based on a separate meter survey conducted by a licensed
independent electrical engineer selected by Landlord with respect to such parties reasonable estimate of Tenant’s usage. The Tenant Electric Amount shall be adjusted from time to time during the Term if (i) there is an increase in electric
energy rates, (ii) Tenant installs additional fixtures, appliances or equipment, with or without Landlord’s consent, or (iii) Tenant otherwise uses a disproportionate or increased amount of electric energy, as determined by a separate
meter survey conducted by a licensed independent electrical engineer selected by Landlord. Periodically, Landlord shall conduct an energy usage survey by a qualified energy surveyor. The cost of any and all such surveys shall be paid by Landlord,
unless requested by Tenant, in which event, Tenant shall pay for such cost within twenty (20) days after Landlord’s demand. Notwithstanding anything to the contrary contained herein, Landlord may, at its option, at any time during the
Term, arrange to have electric usage directly metered or submetered to the Premises, in which event Tenant will pay the utility company (or Landlord in the event of submetering without any profit or mark-up to Landlord) for such usage. 

Landlord may choose, in Landlord’s reasonable discretion, the company or companies that will provide all electricity (or any other
utility) to the Project, and, in such event, Tenant shall pay for electric current supplied to, or used, in the Premises at the rate prevailing for Tenant’s class of use as established by such company or companies. Electric current shall be
measured in a consistent, commercially reasonable manner and 
  

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shall be billed by Landlord as Additional Rent and paid by Tenant on a monthly basis. If permitted by law, Landlord shall have the right, in Landlord’s reasonable discretion, at any time and
from time to time during the Term, to contract for the provision of electricity (or any other utility) with, and to switch from, any company providing such utility. Tenant shall cooperate with Landlord and any such utility provider at all times,
and, as reasonably necessary, Tenant shall allow such parties access to the electric (or other utility) lines, feeders, risers, wiring and other machinery located within the Premises. 

Landlord shall not be in default hereunder or be liable for any damages directly or indirectly resulting from, nor shall Rent be abated
by reason of (a) the installation, use or interruption of use of any equipment in connection with the furnishing of any of the foregoing services, or (b) failure to furnish or delay in furnishing any such services where such failure or
delay is caused by accident or any condition or event beyond the reasonable control of Landlord, or by the making of necessary repairs or improvements to the Premises, Building or Project, or (c) any change, failure, interruption, disruption or
defect in the quantity or character of the electricity (or other utility) supplied to the Premises or Project, or (d) the limitation, curtailment or rationing of, or restrictions on, use of water, electricity, gas or any other form of energy
serving the Premises, Building or Project. Landlord shall not be liable under any circumstances for a loss of or injury to property or business, however occurring, through, in connection with or incidental to the failure to furnish any such
services. 
 Notwithstanding anything contained herein to the contrary, if Tenant is granted the right to purchase electricity
from a provider other than the company or companies used by Landlord, Tenant shall indemnify, defend, and hold harmless Landlord from and against all losses, claims, demands, expenses and judgments caused by, or directly or indirectly arising from,
the acts or omissions of Tenant’s electricity provider (including, but not limited to, expenses and/or fines incurred by Landlord in the event Tenant’s electricity provider fails to provide sufficient power to the Premises, as well as
damages resulting from the improper or faulty installation or construction of facilities or equipment in or on the Premises by Tenant or Tenant’s electricity provider. 

Nothing contained in this Section shall restrict Landlord’s right to require at any time separate metering of utilities furnished to
the Premises. Landlord shall separate, meter for the Premises for electricity consumption and the cost of any such meter and its installation, maintenance and repair shall be paid by Landlord Accounts for all such separately metered utilities shall
be in Tenant’s name and paid for by Tenant. 
 If Tenant uses machines or equipment that generates excessive heat in the
Premises that affects the temperature otherwise maintained by the HVAC system, Landlord reserves the right to install supplementary air conditioning units in the Premises and the cost thereof, including the cost of installation, operation and
maintenance thereof, shall be paid by Tenant to Landlord within thirty (30) days of demand therefor. 
  

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 11. REPAIRS AND MAINTENANCE. 

11.1 Landlord’s Obligations. Landlord shall, throughout the term of this Lease, repair, replace and
maintain (i) the structural components of the Building, including without limitation the roof, roofing system, exterior walls, bearing walls, support beams, foundations, columns, exterior doors and windows and lateral support to the Building;
(ii) generally maintain water tightness of the Building and the Premises (including caulking of the flashings) and repairs to the roof, roofing system, curtain walls, windows, and skylights if required to maintain water tightness;
(iii) the plumbing, lawn and fire sprinkler, heating, ventilation and air conditioning systems not installed by or on behalf of the Tenant, electrical and mechanical lines and equipment associated therewith; and (iv) the Common Areas,
including their lighting systems, walkways, shrubbery, landscaping and snow and ice removal (collectively “Landlord’s Repair Obligations”). The costs of Landlord’s Repair Obligations shall be included in Operating Expenses to the
extent permitted pursuant to Section 6.3. 
 If applicable, Landlord shall also maintain in good order, condition and
repair the ICN, the cost of which is reimbursable pursuant to 6.3 unless responsibility therefor is assigned to a particular tenant. 

11.2 Tenant’s Obligations. 

11.2.1 Tenant shall, at Tenant’s sole expense and except for services furnished by Landlord pursuant to
Section 10 hereof, and Landlord’s Repair Obligations, maintain the Premises in good order, condition and repair. For the purposes of this Section 11.2.1., the term Premises shall be deemed to include all items and equipment installed
by or for the benefit of or at the expense of Tenant, including without limitation the interior surfaces of the ceilings, walls and floors; all doors; all interior and exterior windows; dedicated heating, ventilating and air conditioning equipment
installed by or on behalf of Tenant; all plumbing, pipes and fixtures; electrical switches and fixtures; internal wiring as it connects to the ICN, if applicable; and Building Standard Tenant Improvements, if any. 

11.2.2 Tenant shall be responsible for all repairs and alterations in and to the Premises, Building and Project and the
facilities and systems thereof to the satisfaction of Landlord, the need for which arises out of (a) Tenant’s use or occupancy of the Premises, (b) the installation, removal, use or operation of Tenant’s Property (as defined in
Section 13.) in the Premises, (c) the moving of Tenant’s Property into or out of the Building, or (d) the act, omission, misuse or negligence of Tenant, its agents, contractors, employees or invitees. 

11.2.3 If Tenant fails to maintain the Premises in good order, condition and repair, Landlord shall give Notice to Tenant
to do such acts as are reasonably required to so maintain the Premises. If Tenant fails to promptly commence such work and diligently prosecute it to completion, then Landlord shall have the right to do such acts and expend such funds at the expense
of Tenant as are reasonably required to perform such work. 
  

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 11.3 Compliance with Law. Landlord and Tenant shall each do all
acts necessary to comply with all applicable laws, statutes, ordinances, and rules of any public authority relating to their respective maintenance obligations as set forth herein. The provisions of Section 9.2 are deemed restated here.

 11.4 Notice of Defect. If it is Landlord’s obligation to repair, Tenant shall give Landlord prompt
Notice, regardless of the nature or cause, of any damage to or defective condition in any part or appurtenance of the Building’s mechanical, electrical, plumbing, HVAC or other systems serving, located in, or passing through the Premises.

 11.5 Landlord’s Liability. Except as otherwise expressly provided in this Lease, Landlord shall
have no liability to Tenant nor shall Tenant’s obligations under this Lease be reduced or abated in any manner by reason of any inconvenience, annoyance, interruption or injury to business arising from Landlord’s making any repairs or
changes which Landlord is required or permitted by this Lease or by any other tenant’s lease or required by law to make in or to any portion of the Project, Building or Premises. Landlord shall nevertheless use reasonable efforts to minimize
any interference with Tenant’s conduct of its business in the Premises. 
 12. CONSTRUCTION, ALTERATIONS AND ADDITIONS.

 12.1 Landlord’s Construction Obligations. Landlord shall perform Landlord’s Work to the
Premises as described in Exhibit “D”. All of Landlord’s Work described in Exhibit “D”, shall substantially comply with all applicable building codes and with the ADA) and shall be done in a good and professional manner by
properly qualified and licensed personnel. All such work shall be diligently prosecuted to completion. 
 12.2
Tenant’s Construction Obligations. Tenant shall perform Tenant’s Work to the Premises as described in Exhibit “D” and shall comply with all of the provisions of this Section 12. 

12.3 Tenant’s Alterations and Additions. Except as provided in Section 12.2 above, Tenant shall not make
any other additions, alterations or improvements to the Premises without obtaining the prior written consent of Landlord, which consent shall” not be unreasonably withheld. Landlord’s consent may be conditioned, without limitation, on
Tenant removing any such additions, alterations or improvements upon the expiration of the Term and restoring the Premises to the same condition as on the date Tenant took possession. All of Tenant’s Work described in Exhibit “D”, as
well as any addition, alteration or improvement, shall comply with all applicable laws, ordinances, codes and rules of any public authority (including, but not limited to the ADA) and shall be done in a good and professional manner by properly
qualified and licensed personnel approved by Landlord. All work shall be diligently prosecuted to completion. Upon completion, Tenant shall furnish Landlord “as-built” plans. Prior to commencing any such work, Tenant shall furnish Landlord
with plans and specifications; names and addresses of contractors; copies of all contracts; copies of all necessary permits; evidence of contractor’s and subcontractor’s insurance coverage for Builder’s Risk at least as

  

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broad as Insurance Services Office (ISO) special causes of loss form CP 10 30, Commercial General Liability at least as broad as ISO CG 00 01, workers’ compensation, employer’s
liability and auto liability, all in amounts reasonably satisfactory to Landlord; and indemnification in a form reasonably satisfactory to Landlord. The work shall be performed in a manner that will not materially interfere with the quiet enjoyment
of the other tenants in the Building in which the Premises is located. Upon the expiration of the lease, Tenant shall have no obligation to remove, nor shall pay any fees to remove alterations, fixtures and initial Tenant Improvements for the
Premises, as shown on Exhibit D. 
 Landlord may require, in Landlord’s sole discretion and at
Tenant’s sole cost and expense, that Tenant provide Landlord with a lien and completion bond in an amount equal to at least one and one-half (1 1
/2) times the total estimated cost of any additions, alterations or improvements to be made in or to the Premises the total cost of which exceeds
$150,000.00. Nothing contained in this Section 12.3 shall relieve Tenant of its obligation under Section 12.4. to keep the Premises, Building and Project free of all liens. Notwithstanding the foregoing, Tenant may, make non-structural
alterations, additions or improvements, which do not affect the HVAC, plumbing, fire/life safety or electrical systems of the building, in or to the interior of the Premises without Landlord’s consent, if any such non-structural interior
alterations, additions or improvements cost less than $25,000 per occurrence, and if the total costs of all such alterations, additions or improvements is less than $50,000 in any calendar year and do not effect the Buildings Plumbing, HVAC or
Electrical Systems. 
 12.4 Payment. Tenant shall pay the costs of any work done on the Premises
pursuant to Sections 12.2 and 12.3., and shall keep the Premises, Building and Project free and clear of liens of any kind. Tenant hereby indemnifies, and agrees to defend against and keep Landlord free and harmless from all liability, loss, damage,
costs, attorneys’ fees and any other expense incurred on account of claims by any person performing work or furnishing materials or supplies for Tenant or any person claiming under Tenant. 

Tenant shall give Notice to Landlord at least ten (10) business days prior to the expected date of commencement of any work relating
to alterations, additions or improvements to the Premises. Landlord retains the right to enter the Premises and post such notices as Landlord deems proper at any reasonable time. 

12.5 Property of Landlord. Except as otherwise set forth herein, all additions, alterations and improvements made to
the Premises shall become the property of Landlord and shall be surrendered with the Premises upon the expiration of the Term unless their removal is required by Landlord as provided in Section 12.3., provided, however, Tenant’s equipment,
machinery and trade fixtures shall remain the Property of Tenant and shall be removed, subject to the provisions of Section 12.2. 
  

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 13. LEASEHOLD IMPROVEMENTS; TENANT’S PROPERTY. 

13.1 Leasehold Improvements. All fixtures, equipment (including air-conditioning or heating systems), improvements
and appurtenances attached to or built into the Premises at the commencement or during the Term of the Lease (Leasehold Improvements), whether or not by or at the expense of Tenant, shall be and remain a part of the Premises, shall be the property
of Landlord and shall not be removed by Tenant, except as expressly provided in Section 13.2., unless Landlord, by Notice to Tenant not later than thirty (30) days prior to the expiration of the Term, elects to have Tenant remove any
Leasehold Improvements installed by Tenant. In such case, Tenant, at Tenant’s sole cost and expense and prior to the expiration of the Term, shall remove the Leasehold Improvements and repair any damage caused by such removal. 

13.2 Tenant’s Property. All signs, notices, displays, movable partitions, business and trade fixtures,
machinery and equipment (excluding air-conditioning or heating systems, whether installed by Tenant or not), personal telecommunications equipment and office’ equipment located in the Premises and acquired by or for the account of Tenant,
without expense to Landlord, which can be removed without structural damage to the Building, and all furniture, furnishings and other articles of movable personal property owned by Tenant and located in the Premises (collectively, Tenant’s
Property) shall be and shall remain the property of Tenant and may be removed by Tenant at any time during the Term; provided that if any of Tenant’s Property is removed, Tenant shall promptly repair any damage to the Premises or to the
Building resulting from such removal, including without limitation repairing the flooring and patching and painting the walls where required by Landlord to Landlord’s reasonable satisfaction, all at Tenant’s sole cost and expense.

 14. INDEMNIFICATION. 

14.1 Tenant Indemnification. Extent to the extent caused by the gross negligence or willful misconduct of Landlord.
Tenant shall indemnify and hold Landlord harmless from and against any and all liability and claims of any kind for loss or damage to any person or property arising out of: (a) Tenant’s use and occupancy of the Premises, or the Building or
Project, or, any work, activity or thing done, allowed or suffered by Tenant in, on or about the Premises, the Building or the Project; (b) any breach or default by Tenant of any of Tenant’s obligations under this Lease; or (c) any
negligent or otherwise tortious act or omission of Tenant, its agents, employees, subtenants, licensees, customers, guests, invitees or contractors (including agents or contractors who perform work outside of the Premises for Tenant). At
Landlord’s request, Tenant shall, at Tenant’s expense, and by counsel satisfactory to Landlord, defend Landlord in any action or proceeding arising from any such claim. Tenant shall indemnify Landlord against all costs, attorneys’
fees, expert witness fees and any other expenses or liabilities incurred in such action or proceeding. As a material part of the consideration for Landlord’s execution of this Lease, Tenant hereby assumes all risk of damage or injury to any
person or property in, on or about the Premises from any cause and Tenant hereby waives all claims in respect thereof against Landlord, except to the extent such damage or injury results solely from the negligence or willful misconduct of Landlord
or its authorized 
  

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agents. Subject to applicable waivers of subrogation, and except as set forth elsewhere in the Lease. Notwithstanding anything in Section 14 of the Lease to the contrary, except as expressly
set forth elsewhere in the Lease and subject to applicable waivers of subrogation, Landlord shall indemnify Tenant for any compensatory damages, costs, liability, etc. to the extent arising from any act of negligence or willful misconduct by
Landlord, its agents, employees or contractors. 
 14.2 Landlord Not Liable. Landlord shall not be liable
for injury or damage which may be sustained by the person or property of Tenant, its employees, invitees or customers, or any other person in or about the Premises, caused by or resulting from fire, steam, electricity, gas, water or rain which may
leak or flow from or into any part of the Premises, or from the breakage, leakage, obstruction or other defects of pipes, sprinklers, wires, appliances, plumbing, air conditioning, lighting fixtures or mechanical or electrical systems, whether such
damage or injury results from conditions arising upon the Premises or upon other portions of the Building or Project or from other sources, except to the extent arising as a result of Landlord’s gross negligence or willful misconduct. Landlord
shall not be liable for any damages arising from any act or omission of any other tenant of the Building or Project or for the acts of persons in, on or about the Premises, Building or the Project who are not die authorized agents ‘of Landlord
or for losses due to theft, vandalism or like causes. 
 Tenant acknowledges that Landlord’s election to provide mechanical
surveillance or to post security personnel in the Building or on the Project is solely within Landlord’s discretion. Landlord shall have no liability in connection with the decision whether or not to provide such services, and, to the extent
permitted by law, Tenant hereby waives all claims based thereon. 
 15. TENANT’S INSURANCE. 

15.1 Insurance Requirement. Tenant shall procure and maintain insurance coverage in accordance with the terms hereof,
either as specific policies or within blanket policies. Coverage shall begin on the date Tenant is given access to the Premises for any purpose and shall continue until expiration of the Term, except as otherwise set forth in the Lease. The cost of
such insurance shall be borne by Tenant. 
 Insurance shall be with insurers licensed to do business in the State, and
acceptable to Landlord. The insurers must have a current A.M. Best’s rating of not less than A:VII, or equivalent (as reasonably determined by Landlord) if the Best’s rating system is discontinued. 

Tenant shall furnish Landlord with certificates and amendatory endorsements effecting coverage required by this Section 15 before
the date Tenant is first given access to the Premises. All certificates and endorsements are to be received and reasonably approved by Landlord before any work commences. Landlord reserves the right to inspect and/or copy any insurance policy
required to be maintained by Tenant hereunder, including endorsements effecting the coverage required herein at any time. Tenant shall comply with such requirement within thirty (30) days of demand therefor by Landlord.

  

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Tenant shall furnish Landlord with renewal certificates and amendments or a “binder” of any such policy at least twenty (20) days prior to the expiration thereof. Each insurance
policy required herein shall be endorsed to state that coverage shall not be canceled, except after thirty (30) days prior written notice to Landlord and Landlord’s lender (if such lender’s address is provided). 

The Commercial General Liability policy, as hereinafter required, shall contain, or be endorsed to contain, the following provisions:
(a) Landlord and any parties designated by Landlord shall be covered as additional insureds as their respective interests may appear; and (b) Tenant’s insurance coverage shall be primary insurance as to any insurance carried by the
parties designated as additional insureds. Any insurance or self-insurance maintained by Landlord shall be excess of Tenant’s insurance and shall not contribute with it. 

15.2 Minimum Scope of Coverage. Coverage shall be at least as broad as set forth herein. However, if, because of
Tenant’s Use or occupancy of the Premises, Landlord determines, in Landlord’s reasonable judgment, that additional insurance coverage or different types of insurance are necessary, then Tenant shall obtain such insurance at Tenant’s
expense in accordance with the terms of this Section 15. 
 15.2.1 Commercial General Liability (ISO
occurrence form CG 00 01) which shall cover liability arising from Tenant’s Use and occupancy of the Premises, its operations therefrom, Tenant’s independent contractors, products-completed operations, personal injury and advertising
injury, and liability assumed under an insured contract. 
 15.2.2 Workers’ Compensation insurance as
required by law, and Employers Liability insurance. 
 15.2.3 Commercial Property Insurance (ISO special causes
of loss form CP 10 30) against all risk of direct physical loss or damage (including flood, if applicable), earthquake excepted, for: (a) all leasehold improvements (including any alterations, additions or improvements made by Tenant pursuant
to the provisions of Section 12 hereof) in, on or about the Premises; and (b) trade fixtures, merchandise and Tenant’s Property from time to time in, on or about the Premises. The proceeds of such property insurance shall be used for
the repair or replacement of the property so insured. Upon termination of this Lease following a casualty as set forth herein, the proceeds under (a) shall be paid to Landlord, and the proceeds under (b) above shall be paid to Tenant.

 15.2.4 Business Auto Liability. Landlord shall, during the Term hereof, maintain in effect similar
insurance on the Building and Common Area. 
 15.2.5 Business Interruption and Extra Expense Insurance.

  

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 15.3 Minimum Limits of Insurance. Tenant shall maintain limits not less
than: 
 15.3.1.1 Commercial General Liability: $1,000,000 per occurrence. If the insurance contains a
general aggregate limit, either the general aggregate limit shall apply separately to this location or the general aggregate limit shall be at least twice the required occurrence limit. 

15.3.1.2 Employees Liability: $1,000,000 per accident for bodily injury or disease. 

15.3.1.3 Commercial Property Insurance: 100% replacement cost with no coinsurance penalty provision. 

15.3.1.4 Business Auto Liability: $1,000,000 per accident. 

15.3.1.5 Business Interruption and Extra Expense Insurance: In a reasonable amount and comparable to amounts
carried by comparable tenants in comparable projects. 
 15.4 Deductible and Self-Insured Retention. Any
deductible or self-insured retention in excess of $5,000 per occurrence must be declared to and approved by Landlord. At the option of Landlord, either the insurer shall reduce or eliminate such deductible or self-insured retention or Tenant shall
provide separate insurance conforming to this requirement. 
 15.5 Increases in Insurance Policy Limits. If
the coverage limits set forth in this Section 15 are deemed inadequate by Landlord or Landlord’s lender, then Tenant shall increase the coverage limits to the amounts reasonably recommended by either Landlord or Landlord’s lender.
Landlord agrees that any such required increases in coverage limits shall not occur more frequently than once every three (3) years. 

15.6 Waiver of Subrogation. Landlord and Tenant each hereby waive all rights of recovery against the other and
against the officers, employees, agents and representatives, contractors and invitees of the other, on account of loss by or damage to the waiving party or its property or the property of others under its control, to the extent that such loss or
damage is insured against under any insurance policy which may have been in force at the time of such loss or damage. 

15.7 Landlord’s Right to Obtain Insurance for Tenant. If Tenant fails to obtain the insurance coverage or fails
to provide certificates and endorsements as required by this Lease, Landlord may, after a ten (10) day notice and cure period at its option, obtain such insurance for Tenant. Tenant shall pay, as Additional Rent, the reasonable cost thereof
together with a twenty-five percent (25%) service charge. 
 16. DAMAGE OR DESTRUCTION. 

16.1 Damage. If, during the Term of this Lease, the Premises or the portion of the Building necessary for
Tenant’s occupancy is damaged by fire or other casualty covered by fire and extended coverage insurance carried by Landlord, Landlord shall promptly repair the damage provided (a) such repairs can, in Landlord’s opinion, be

  

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completed, under applicable laws and regulations, within one hundred eighty (180) days of the date a permit for such construction is issued by the governing authority, (b) insurance
proceeds are available to pay eighty percent (80%) or more of the cost of restoration, and (c) Tenant performs its obligations pursuant to Section 16.4 hereof. In such event, this Lease shall continue in full force and effect, except
that if such damage is not the result of the negligence or willful misconduct of Tenant, its agents or employees, which negates coverage by Landlord’s rental loss insurance Tenant shall be entitled to a proportionate reduction of Rent to the
extent Tenant’s use of the Premises is impaired, commencing with the date of damage and continuing until completion of the repairs required of Landlord under Section 16.4 as evidenced by the issuance of a certificate of occupancy. If the
damage is due to the fault or neglect of Tenant, its agents or employees and loss of rental income insurance is denied as a result, there shall be no abatement of Rent. 

Notwithstanding anything contained in the Lease to, the contrary, in the event of partial or total damage or destruction of the Premises
during the last twelve (12) months of the Term, either party shall have the option to terminate this Lease upon thirty (30) days prior Notice to the other party provided such Notice is served within thirty (30) days after the damage
or destruction. For purposes of this Section 16.1., “partial damage or destruction” shall mean the damage or destruction of at least thirty-three and one-third percent (33 and 1/3%) of the Premises, as determined by Landlord in
Landlord’s reasonable discretion. 
 16.2 Repair of Premises in Excess of One Hundred Eighty Days. If
in Landlord’s opinion, such repairs to the Premises or portion of the Building necessary for Tenant’s occupancy cannot be completed under applicable laws and regulations within one hundred eighty (180) days of the date a permit for
such construction is issued by the governing authority, Landlord may elect, upon Notice to Tenant given within thirty (30) days after the date of such fire or other casualty, to repair such damage, in which event this Lease shall continue in
full force and effect, but Rent shall be partially abated as provided in this Section 16, If Landlord does not so elect to make such repairs, this Lease shall terminate as of the date of such fire or other casualty. In the event that Landlord
determines that the Premises cannot be rebuilt within two hundred seventy (270) days of the date of casualty, Tenant may terminate this Lease upon thirty (30) days Notice, given to Landlord within thirty (30) days of receipt of
Landlord’s determination thereof. If Landlord is unable to complete such restoration within two hundred seventy (270) days of the date of casualty, subject to force majeure, and damage and destruction, Tenant may terminate this Lease upon
thirty (30) days, given within ten (10) days after the end of such two hundred seventy (270) day period. 

16.3 Repair Outside Premises. If any other portion of the Building or Project is totally destroyed or damaged to the
extent that in Landlord’s opinion repair thereof cannot be completed under applicable laws and regulations within one hundred eighty (180) days of the date a permit for such construction is issued by the governing authority, Landlord may
elect upon Notice to Tenant given within thirty (30) days after the date of such fire or other casualty, to repair such damage, in which event this Lease shall continue in full force and effect, but Rent shall be partially abated as provided in
this Section 16. If Landlord does not elect to make such repairs, this Lease shall terminate as of the date of such fire or other casualty. 
  

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 16.4 Tenant Repair. If the Premises are to be repaired under this
Section 16., Landlord shall repair at its cost any injury or damage, to the Building and Building Standard Tenant Improvements, if any. Notwithstanding anything contained herein to the contrary, Landlord shall not be obligated to perform work
other than Landlord’s Work performed previously pursuant to Section 12.1 hereof. Tenant shall be responsible at its sole cost and expense for the repair, restoration and replacement of any other Leasehold Improvements and Tenant’s
Property (as well as reconstructing and reconnecting Tenant’s internal telecommunications wiring and related equipment). Landlord shall not be liable for any loss of business, inconvenience or annoyance arising from any repair or restoration of
any portion of the Premises, Building or Project as a result of any damage from fire or other casualty. 
 16.5
Election Not to Perform Landlord’s Work. Notwithstanding anything to the contrary contained herein, Landlord shall provide Notice to Tenant of its intent to repair or replace the Premises (if Landlord elects to perform such work),
and, within fifteen (15)days of its receipt of such Notice, Tenant shall provide Notice to Landlord of its intent to reoccupy the Premises. Should Tenant fail to provide such Notice to Landlord, then such failure shall be deemed an election by
Tenant not to re-occupy the Premises and Landlord may elect not to perform the repair or replacement of the Premises. Such election shall not result in a termination of this Lease and all obligations of Tenant hereunder shall remain in full force
and effect, including the obligation to pay Rent. 
 16.6 Express Agreement. This Lease shall be considered
an express agreement governing any case of damage to or destruction of the Premises, Building or Project by fire or other casualty, and any present or future law which purports to govern the rights of Landlord and Tenant in such circumstances in the
absence of an express agreement shall have no application. 
 17. EMINENT DOMAIN. 

17.1 Whole Taking. If the whole of the Building or Premises is lawfully taken by condemnation or in any other manner
for any public or quasi-public purpose, this Lease shall terminate as of the date of such taking, and Rent shall be prorated to such date. 

17.2 Partial Taking. If less than the whole of the Building or Premises is so taken, this Lease shall be unaffected
by such taking, provided that (a) Tenant shall have the right to terminate this Lease by Notice to Landlord given within ninety (90) days after the date of such taking if twenty percent (20%) or more of the Premises is taken and the
remaining area of the Premises is not reasonably sufficient for Tenant to continue operation of its business, and (b) Landlord shall have the right to terminate this Lease by Notice to Tenant given within ninety (90) days after the date of
such taking. If either Landlord or Tenant so elects to terminate this Lease, the, Lease shall terminate on the 
  

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thirtieth (30th) calendar day after either such Notice. Rent shall be prorated to the date of termination. If this Lease continues in force upon such partial taking, Base Rent and
Tenant’s Proportionate Share shall be equitably adjusted. 
 17.3 Proceeds. In the event of any
taking, partial or whole, all of the proceeds of any award, judgment or settlement payable by the condemning authority shall be the exclusive property of Landlord, and Tenant hereby assigns to Landlord all of its right, title and interest in any
award, judgment or settlement from the condemning authority; however, Tenant shall have the right, to the extent that Landlord’s award is not reduced or prejudiced, to claim from the condemning authority (but not from Landlord) such
compensation as may be recoverable by Tenant in its own right for relocation expenses and damage to Tenant’s Property and damage to Leasehold Improvements installed at the sole-expense of Tenant. 

17.4 Landlord’s Restoration. In the event of a partial taking of the Premises which does not result in a
termination of this Lease, Landlord shall restore the remaining portion of the Premises as nearly as practicable to its condition prior to the condemnation or taking; provided however, Landlord shall not be obligated to perform work other than
Landlord’s Work performed previously pursuant to Section 12.1 hereof. Tenant shall be responsible at its sole cost and expense for the repair, restoration and replacement of Tenant’s Property and any other Leasehold Improvements.

 18. ASSIGNMENT AND SUBLETTING. 

No assignment of this Lease or sublease of all or any part of the Premises shall be permitted, except as provided in this Section 18.

 18.1 No Assignment or Subletting. Tenant shall not, without the prior written consent of Landlord,
assign or hypothecate this Lease or any interest herein or sublet the Premises or any part thereof, or permit the use of the Premises or any part thereof by any party other than Tenant. Any of the foregoing acts without such consent shall be
voidable and shall, at the option of Landlord, constitute a default hereunder. This Lease shall not, nor shall any interest of Tenant herein, be assignable by operation of law without the prior written consent of Landlord. 

18.1.1 For purposes of this Section 18, the following shall be deemed an assignment: 

18.1.1.1 If Tenant is a partnership, any withdrawal or substitution (whether voluntary, involuntary, or by operation of
law, and whether occurring at one time or over a period of time) of any partner(s) owning twenty-five (25%) or more (cumulatively) of any interest in the capital or profits of the partnership, or the dissolution of the partnership; 

18.1.1.2 If Tenant is a corporation, any dissolution, merger, consolidation, or other reorganization of Tenant, any sale
or transfer (or cumulative sales or transfers) of the capital stock of Tenant in excess of twenty-five percent (25%), or any sale (or cumulative sales) or transfer of fifty-one (51%) or more of the value of the assets of Tenant provided,
however, the foregoing shall not apply to corporations the capital stock of which is publicly traded. 
  

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 Notwithstanding anything contained herein to the contrary, Tenant, without
Landlord’s prior consent, shall have the right to sublet all or any part of the Premises or to assign this Lease to any Tenant Affiliate. As used herein, Tenant Affiliate” shall mean (i) any parent, subsidiary or affiliate (including
any wholly-owned subsidiary thereof) of Tenant, within the Premises. 
 18.2 Landlord’s Consent. If,
at any time or from time to time during the Term hereof, Tenant desires to assign this Lease or sublet all or any part of the Premises, and if Tenant is not then in default under the terms of the Lease, Tenant shall submit to Landlord a written
request for approval setting forth the terms and provisions of the proposed assignment or sublease, the identity of the proposed assignee or subtenant, and a copy of the proposed form of assignment or sublease. Tenant’s request for consent
shall be submitted to Landlord at least thirty (30) days prior to the intended date of such transfer. Tenant shall promptly supply Landlord with such information concerning the business background and financial condition of such proposed
assignee or subtenant as Landlord may reasonably request. Landlord shall have the right to approve such proposed assignee or subtenant, which approval shall not be unreasonably withheld, continued or delayed In no event however, shall Landlord be
required to consent to any assignment or sublease (a) to an existing tenant in the Project or (b) that may violate any restrictions contained in any mortgage, lease or agreement affecting the Project. Landlord’s consent to any
assignment shall not be construed as a consent to any subsequent assignment, subletting, transfer of partnership interest or stock, occupancy or use. 

18.2.1 Landlord’s approval shall be conditioned, among other things, on Landlord’s receiving adequate assurances
of future performance under this Lease and any sublease or assignment. In determining the adequacy of such assurances, Landlord may base its decision on such factors as it deems reasonably appropriate, including but not limited to: 

18.2.1.1 that the source of rent and other consideration due under this Lease, and, in the case of assignment, that the
financial condition and operating performance and business experience of the proposed assignee and its guarantors, if any, shall be equal to or greater than the financial condition and operating performance and experience of Tenant and its
guarantors, if any, as of the time Tenant became the lessee under this Lease; 
 18.2.1.2 that any assumptions or
assignment of this Lease will not result in increased cost or expense, wear and tear, greater traffic or demand for services and utilities provided by Landlord pursuant to Section 10 hereof and will not disturb or be detrimental to other
tenants of Landlord; 
  

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 18.2.1.3 whether the proposed assignee’s use of the Premises will
include the use of Hazardous Material, or will in any way increase any risk to Landlord relating to Hazardous Material; and 

18.2.2 The assignment or sublease shall be on substantially the same terms and conditions set forth in the written request
for approval given to Landlord, or, if different, upon terms and conditions consented to by Landlord; 
 18.2.3
No assignment or sublease shall be valid and no assignee or sublessee shall take possession of the Premises or any part thereof until an executed counterpart of such assignment or sublease has been delivered to Landlord; 

18.2.4 No assignee or sublessee shall have a further right to assign or sublet except on the terms herein contained;

 18.2.5 Any sums or other economic considerations received by Tenant as a result of such assignment or
subletting, however denominated under the assignment or sublease, which exceed, in the aggregate (a) the total sums which Tenant is obligated to pay Landlord under this Lease (prorated to reflect obligations allocable to any portion of the
Premises subleased), plus (b) any real estate brokerage commissions and the cost of reasonable tenant improvements, or fees payable to third parties in connection with such assignment or subletting, shall be shared equally by Tenant and
Landlord as Additional Rent under this Lease without effecting or reducing any other obligations of Tenant hereunder. 
 If
Landlord consents to the proposed transfer, Tenant shall deliver to Landlord three (3) fully executed original documents (in the form previously approved by Landlord) and Landlord shall attach its consent thereto. Landlord shall retain one
(1) fully executed original document. No transfer of Tenant’s interest in this Lease shall be deemed effective until the terms and conditions of this Section 18 have been fulfilled. 

18.3 Tenant Remains Responsible. No subletting or assignment shall release Tenant of Tenant’s obligations under
this Lease or alter the primary liability of Tenant to pay the Rent and to perform all other obligations to be performed by Tenant hereunder. The acceptance of Rent by Landlord from any other person shall not be deemed to be a waiver by Landlord of
any provision hereof. Consent to one assignment or subletting shall not be deemed consent to any subsequent assignment or subletting. In the event of default by an assignee or subtenant of Tenant or any successor of Tenant in the performance of any
of the terms hereof, Landlord may proceed directly against Tenant without the necessity of exhausting remedies against such assignee, subtenant or successor. Landlord may consent to subsequent assignments or sublets of the Lease or amendments or
modifications to the Lease with assignees of Tenant, without notifying Tenant, or any successor of Tenant, and without obtaining its or their consent thereto and any such actions shall not relieve Tenant of liability under this Lease, provided,
however in no event shall any such actions materially increase Tenant’s financial obligations or liabilities hereunder. 
  

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 18.4 Payment of Fees. If Tenant assigns the Lease or sublets the
Premises or requests the consent of Landlord to any assignment, subletting or conversion to a limited liability entity, then Tenant shall, upon demand, pay Landlord, whether or not consent is ultimately given, an administrative fee of Three Hundred
and 00/100 Dollars ($300.00) 
 19. DEFAULT. 

19.1 Tenant’s Default. The occurrence of any one or more of the following events shall constitute a default and
breach of this Lease by Tenant. 
 19.1.1 If Tenant abandons the Premises. 

19.1.2 If Tenant fails to pay any Rent or Additional Rent or any other charges required to be paid by Tenant under this
Lease and such failure continues for three (3) days after receipt of Notice thereof from Landlord to Tenant. 

19.1.3 If Tenant fails to promptly and fully perform any other covenant, condition or agreement contained in this Lease
and such failure continues for thirty (30) days after Notice thereof from Landlord to Tenant, or, if such default cannot reasonably be cured within thirty (30) days, if Tenant fails to commence to cure within that thirty (30) day
period and diligently prosecute to completion. 
 19.1.4 Tenant’s failure to occupy the Premises within
thirty(30) days after delivery of possession (as defined in Section 4 hereof). 
 19.1.5 Tenant’s
failure to provide any document, instrument or assurance as required by Sections 12, 15, 18 and/or 35, if the failure continues for three (3) days after receipt of Notice from Landlord to Tenant. 

19.1.6 To the extent provided by law: 

19.1.6.1 If a Writ of attachment or execution is levied on this Lease or on substantially all of Tenant’s Property;
or 
 19.1.6.2 If Tenant or Tenant’s Guarantor makes a general assignment for the benefit of creditors; or

 19.1.6.3 If Tenant files a voluntary petition for relief or if a petition against Tenant in a proceeding under
the federal bankruptcy laws or other insolvency laws is filed and not withdrawn or dismissed within sixty (60) days thereafter, or if under the provisions of any law providing for reorganization or winding up of corporations, any court of
competent jurisdiction assumes jurisdiction, custody or control of Tenant or any substantial part of its property and such jurisdiction, custody or control remains in force unrelinquished, unstayed or unterminated for a period of sixty
(60) days; or 
 19.1.6.4 If in any proceeding or action in which Tenant is a party, a trustee, receiver,
agent or custodian is appointed to take charge of the Premises or Tenant’s Property (or has the authority to do so) and such trustee, receiver, agent or custodian is not removed within sixty (60) days thereafter; or 

 

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 19.1.6.5 If Tenant is a partnership or consists of more than one
(1) person or entity, if any partner of the partnership or other person or entity is involved in any of the acts or events described in Sections 19.1.6.1 through above. 

19.2 Landlord Remedies. In the event of Tenant’s default hereunder, then, in addition to any other rights or
remedies Landlord may have under any law or at equity, Landlord shall have the right to collect interest on all past due sums (at the maximum rate permitted by law to be charged by an individual), and, at Landlord’s option and without further
notice or demand of any kind, to do the following: 
 19.2.1 Terminate this Lease and Tenant’s right to
possession of the Premises and reenter the Premises and take possession thereof, and Tenant shall have no further claim to the Premises or under this Lease; or 

19.2.2 Continue this Lease in effect, reenter and occupy the Premises for the account of Tenant, and collect any unpaid
Rent or other charges which have or thereafter become due and payable; or 
 19.2.3 Reenter the Premises under
the provisions of Section 19.2.2., and thereafter elect to terminate this Lease and Tenant’s right to possession of the Premises. 

If Landlord reenters the Premises under the provisions of Sections 19.2.2 or 19.2.3 above, Landlord shall, not be deemed to have
terminated this Lease or the obligation of Tenant to pay any Rent or other charges thereafter accruing unless Landlord notifies Tenant in writing of Landlord’s election to terminate this Lease. Acts of maintenance, efforts to relet the Premises
or the appointment of a receiver on Landlord’s initiative to protect Landlord’s interest under this Lease shall not constitute a termination of Tenant’s obligations under the Lease. In the event of any reentry or retaking of
possession by Landlord, Landlord shall have the right, but not the obligation, to remove all or any part of Tenant’s Property in the Premises and to place such property in storage at a public warehouse at the expense and risk of Tenant. If
Landlord elects to relet the Premises for the account of Tenant, the rent received by Landlord from such reletting shall be applied as follows: first, to the payment of any indebtedness other than Rent due hereunder from Tenant to Landlord; second,
to the payment of any costs of such reletting; third, to the payment of the cost of any alterations or repairs to the Premises; fourth to the payment of Rent due and unpaid hereunder; and the balance, if any, shall be held by Landlord and applied in
payment of future Rent as it becomes due. If that portion of Rent received from the reletting which is applied against the Rent due hereunder is less than the amount of the Rent due, Tenant shall pay the deficiency to Landlord promptly upon demand
by Landlord. Such deficiency shall be calculated and paid monthly. Tenant shall also pay to Landlord, as soon as determined, any costs and expenses incurred by Landlord in connection with such reletting or in making alterations and repairs to the
Premises which are not covered by the rent received from the reletting. 
  

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 19.3 Damages Recoverable. Should Landlord elect to terminate this Lease
under the provisions of Section 19.2, Landlord may recover as damages from Tenant the following: 
 19.3.1
Past Rent. The worth at the time of the award of any unpaid Rent that had been earned at the time of termination including the value of any Rent that was abated during the Term of the Lease (except Rent that was abated as a result of damage
or destruction or condemnation); plus 
 19.3.2 Rent Prior to Award. The worth at the time of the award of
the amount by which the unpaid Rent that would have been earned between the time of the termination and the time of the award exceeds the amount of unpaid Rent that Tenant proves could reasonably have been avoided; plus 

19.3.3 Rent After Award. The worth at the time of the award of the amount by which the unpaid Rent for the balance
of the Term after the time of award exceeds the amount of the unpaid Rent that Tenant proves could be reasonably avoided; plus 

19.3.4 Proximately Caused Damages. Any other amount necessary to compensate Landlord for all detriment proximately
caused by Tenant’s failure to perform its obligations under this Lease or which in the ordinary course of things would be likely to result therefrom, including, but not limited to, any costs or expenses (including attorneys’ fees),
incurred by Landlord in (a) retaking possession of the Premises, (b) maintaining the Premises after Tenant’s default, (c) preparing the Premises for reletting to a new tenant, including any repairs or alterations, and
(d) reletting the Premises, including brokers’ commissions. 
 “The worth at the time of the award” as used
in Sections 19.3.1 and 19.3.2 above, is to be computed by allowing interest at the maximum rate permitted by law to be charged by an individual. “The worth at the time of the award” as used in Section 19.3.3 above, is to be computed
by discounting the amount at the discount rate five percent (5%). 
 19.4 Landlord’s Right to Cure
Tenant’s Default. If Tenant defaults in the performance of any of its obligations under this Lease and Tenant has not timely cured the default after Notice, Landlord may (but shall not be obligated to), without waiving such default,
perform the same for the account and at the expense of Tenant. Tenant shall pay Landlord all costs of such performance immediately upon written demand therefor, and if paid at a later date these costs shall bear interest at the rate of twelve
(12%) percent 
 19.5 Landlord’s Default. If Landlord fails to perform any covenant, condition or
agreement contained in this Lease within thirty (30) days after receipt of Notice from Tenant specifying such default, or, if such default cannot reasonably be cured within thirty (30) days if Landlord fails to commence to cure within that
thirty (30) day period and diligently prosecute to ‘completion, then Landlord shall be liable to Tenant for any damages sustained by Tenant as a result of Landlord’s breach; provided, however, it is 

 

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expressly understood and agreed that if Tenant obtains a money judgment against Landlord resulting from any default or-other claim arising under this Lease, that judgment shall be satisfied only
out of the rents, issues, profits, proceeds and other income actually received on account of Landlord’s right, title and interest in the Premises, Building or Project, and no other real, personal or mixed property of Landlord (or of any of the
partners which comprise Landlord, if any), wherever situated, shall be subject to levy to satisfy such judgment. 
 19.6
Mortgagee Protection. Tenant agrees to send by certified or registered mail to any first mortgagee or first deed of trust beneficiary of Landlord whose address has been furnished to Tenant, a copy of any notice of default served by
Tenant on Landlord. If Landlord fails to cure such default within the time provided for in this Lease, then such mortgagee or beneficiary shall have such additional time to cure the default as is reasonably necessary under the circumstances.

 19.7 Tenant’s Right to Cure Landlord’s Default. If, after Notice to Landlord of default,
Landlord (or any first mortgagee or first deed of trust beneficiary of Landlord) fails to cure the default as provided herein, then Tenant shall have the right to cure that default at Landlord’s expense. Tenant shall not have the right to
terminate this Lease or to withhold, reduce or offset any amount against any payments of Rent or any other charges due and payable under this Lease except as otherwise specifically provided herein. Tenant expressly waives the benefits of any statute
now or hereafter in effect which would otherwise afford Tenant the right to make repairs at Landlord’s expense or to terminate this Lease because of Landlord’s failure to keep the Premises in good order, condition and repair. 

20. WAIVER. 
 No
delay or omission in the exercise of any right or remedy of either party upon any default by the other shall impair such right or remedy or be construed as a waiver of such default. The receipt and acceptance by one party of delinquent satisfaction
of any obligation hereunder shall not constitute a waiver of any other default: it shall constitute only a waiver of timely satisfaction of the particular obligation involved (excluding the collection of a late charge or interest). 

No act or conduct of Landlord, including, without limitation, the acceptance of keys to the Premises, shall constitute an acceptance of
the surrender of the Premises by Tenant before the expiration of the Term. Only written acknowledgement from Landlord to Tenant shall constitute acceptance of the surrender of the Premises and accomplish a termination of this Lease. 

Landlord’s consent to or approval of any act by Tenant requiring Landlord’s consent or approval shall not be deemed to waive or
render unnecessary Landlord’s consent to or approval of any subsequent act by Tenant. 
 Any waiver by either party of any
default must be in writing and shall not be a waiver of any other default concerning the same or any other provision of this Lease. 
  

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 21. SUBORDINATION AND ATTORNMENT. 

This Lease is and shall be subject and subordinate to all ground or underlying leases (including renewals, extensions, modifications,
consolidations and replacements thereof) which now exist or may hereafter be executed affecting the Building or the land upon which the Building is situated, or both, and to the lien of any mortgages or deeds of trust in any amount or amounts
whatsoever (including renewals, extensions, modifications, consolidations and replacements thereof) now or hereafter placed on or against the Building or on or against Landlord’s interest or estate therein, or on or against any ground or
underlying lease, without the necessity of the execution and delivery of any further instruments on the part of Tenant to effectuate such subordination. Nevertheless, Tenant covenants and agrees to execute and deliver upon demand, without charge
therefor, such further instruments evidencing such subordination of this Lease to such ground or underlying leases, and to the lien of any such mortgages or deeds of trust as may be required by Landlord. 

Notwithstanding anything contained herein to the contrary, if any mortgagee, trustee or ground lessor shall elect that this Lease is
senior to the lien of its mortgage, deed of trust or ground lease, and shall give written notice thereof to Tenant, this Lease shall be deemed prior to such mortgage, deed of trust or ground lease, whether this Lease is dated prior or subsequent to
the date of said mortgage, deed of trust, or ground lease, or the date of the recording thereof. 
 In the event of any
foreclosure sale, transfer in lieu of foreclosure or termination of the lease in which Landlord is lessee, Tenant shall attorn to the purchaser, transferee or lessor as the case may be, and recognize that party as Landlord under this Lease, provided
such party acquires and accepts the Premises subject to this lease. Notwithstanding the foregoing, Landlord shall make reasonable efforts to assist Tenant in obtaining a commercially reasonable SNDA from any current or future lender at no cost to
Landlord. 
 22. TENANT ESTOPPEL CERTIFICATES. 

22.1 Landlord Request for Estoppel Certificate. Within ten (10) business days after written request from
Landlord, Tenant shall execute and deliver to Landlord or Landlord’s designee, in the form reasonably requested by Landlord, a written statement certifying, among other things, (a) that this Lease is unmodified and in full force and
effect, or that it is in full force and effect as modified and stating the modifications; (b) the amount of Base Rent and the date to which Base Rent and Additional Rent have been paid in advance; (c) the amount of any security deposited
with Landlord; and (d) that to Tenant’s knowledge Landlord is not in default hereunder or, if Landlord is claimed to be in default, stating the nature of any claimed default. Any such statement may be conclusively relied upon by a
prospective purchaser, assignee or encumbrance of the Premises. 
 22.2 Failure to Execute. Tenant’s
failure to execute and deliver such statement within the time required shall at Landlord’s election be a default under this 
  

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Lease and shall also be conclusive upon Tenant that: (a) this Lease is in full force and effect and has not been modified except as represented by Landlord; (b) to Tenant’s
knowledge, there are no uncured defaults in Landlord’s performance and that Tenant has no right of offset, counter-claim or deduction against Rent and (c) not more than one month’s Rent has been paid in advance. 

23. NOTICE. 

Notice shall be in writing and shall be deemed duly served or given if personally delivered, sent by certified or registered U.S. Mail,
postage prepaid with a return receipt requested, or sent by overnight courier service, fee prepaid with a return receipt requested, as follows: (a) if to Landlord, to Landlord’s Address for Notice with a copy to the Building manager, and
(b) if to Tenant, to Tenant’s Mailing Address; Landlord and Tenant may from time to time by Notice to the other designate another place for receipt of future Notice. Notwithstanding anything contained herein to the contrary, when an
applicable State statute requires service of Notice in a particular manner, service of that Notice in accordance with those particular requirements shall replace rather than supplement any Notice requirement set forth in the Lease. 

24. TRANSFER OF LANDLORD’S INTEREST. 

In the event of any sale or transfer by Landlord of the Premises, Building or Project, and assignment of this Lease by Landlord, Landlord
shall be and is hereby entirely freed and relieved of any and all liability and obligations contained in or derived from this Lease arising out of any act, occurrence or omission relating to the Premises, Building, Project or Lease occurring after
the consummation of such sale or transfer, provided the purchaser shall expressly assume all of the covenants and obligations of Landlord under this Lease. This Lease shall not be affected by any such sale and Tenant agrees to attorn to the
purchaser or assignee provided all of Landlords obligations hereunder are assumed by such transferee. If any security deposit or prepaid Rent has been paid by Tenant, Landlord shall transfer the security deposit or prepaid Rent to Landlord’s
successor and upon such transfer, Landlord shall be relieved of any and all further liability with respect thereto. 
 25. SURRENDER OF
PREMISES. 
 25.1 Clean and Same Condition. Upon the Expiration Date or earlier termination of this
Lease, Tenant shall peaceably surrender the Premises to Landlord clean and in the same condition as when received, except for (a) reasonable wear and tear, (b) loss by fire or other casualty, and (c) loss by condemnation. Tenant shall
remove Tenant’s Property no later than the Expiration Date. If Tenant is required by Landlord to remove any additions, alterations, or improvements under Section 12.3., Tenant shall complete such removal no later than the Expiration Date.
Any damage to the Premises, including any structural damage, resulting from removal of any addition, alteration, or improvement required to be removed pursuant to Section 12.3 and/or from Tenant’s use or from the removal of Tenant’s
Property pursuant to Section 13.2 shall be repaired (in accordance with Landlord’s reasonable direction) no later than the Expiration Date by Tenant at Tenant’s sole cost and expense. On the Expiration Date, Tenant shall surrender all
keys to the Premises. 
  

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 25.2 Failure to Deliver Possession. If Tenant fails to vacate and
deliver possession of the Premises to Landlord on the expiration or sooner termination of this Lease as required by Section, Tenant shall indemnify, defend and hold Landlord harmless from all claims, liabilities and damages resulting from
Tenant’s failure to vacate and deliver possession of the Premises, including, without limitation, claims made by a succeeding tenant resulting from Tenant’s failure to vacate and deliver possession of the Premises and rental loss which
Landlord suffers. 
 25.3 Property Abandoned. If Tenant abandons or surrenders the Premises, or is
dispossessed by process of law or otherwise, any of Tenant’s Property left on the Premises and is- not removed by Tenant within Ten (10) days following receipt of Notice from Landlord, said property shall be deemed to be abandoned, and, at
Landlord’s option, title shall pass to Landlord under this Lease as by a bill of sale. If Landlord elects to remove all or any part of such Tenant’s Property, the cost of removal, including repairing any damage to the Premises or Building
caused by such removal, shall be paid by Tenant. 
 26. HOLDING OVER. 

Tenant shall not occupy the Premises after the Expiration. Date without Landlords consent. If after expiration of the Term, Tenant remains
in possession of the Premises with Landlord’s permission (express or implied), Tenant shall become a tenant from month to month only upon all the provisions of this Lease (except as to the term and Base Rent). Monthly Installments of Base Rent
payable by Tenant during this period shall be increased to one hundred fifty percent (150%) of the Monthly Installments of Base Rent payable by Tenant in the final month of the Term. The tenancy may be terminated by either party, effective on
the last day of a month, by delivering Notice to the other party at least thirty (30) days prior thereto. Nothing contained in this Section 26 shall be construed to limit or constitute a waiver of any other rights or remedies available to
Landlord pursuant to this Lease or at law. 
 27. RULES AND REGULATIONS. 

Tenant agrees to comply with (and cause its agents, contractors, employees and invitees to comply with) the rules and regulations attached
hereto as Exhibit “E” and with such reasonable modifications thereof and additions thereto as Landlord may from time to time make. Landlord agrees to enforce the rules and regulations uniformly against all tenants of the Project. Landlord
shall not be liable, however, for any violation of said rules and regulations by other tenants or occupants, of the Building or Project. In the event of a conflict between the rules and regulations, and the express provisions of this Lease, the
express provisions of this Lease shall control. 
 28. CERTAIN RIGHTS RESERVED BY LANDLORD. 

Landlord reserves the following rights, exercisable without (a) liability to Tenant for damage or injury to property, person or
business; (b) being found to have caused an actual or constructive eviction from the Premises; or (c) being found to have disturbed Tenant’s use or possession of the Premises. 

 

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 28.1 Name. To name the Building and Project and to change the name or
street address of the Building or Project. 
 28.2 Signage. To install and maintain all signs on the
exterior and interior including the main lobby of the Building and the exterior of the Premises. 
 28.3
Access. To have pass keys to the Premises and all doors within the Premises, excluding Tenant’s files, vaults and safes. 

28.4 Physical Changes. To stripe or re-stripe, re-surface, enlarge, change the grade or drainage of and
control access to the parking lot; to assign and reassign spaces for the exclusive or nonexclusive use of tenants (including Tenant); and to locate or relocate parking spaces assigned to Tenant. 

28.5 Inspection. At any time during the Term, and on twenty-four (24) hours prior, when
practicable/telephonic notice to Tenant, to inspect the Premises, and to show the Premises to any person having an existing or prospective interest in the Project or Landlord, and during the last six months of the Term, to show the Premises to
prospective tenants thereof. 
 28.6 Entry. To enter the Premises for the purpose of making
inspections, repairs, alterations, additions or improvements to the Premises or the Building (including, without limitation, checking, calibrating, adjusting or balancing controls and other parts of the HVAC system), and to take all steps as may be
necessary or desirable for the safety, protection, maintenance or preservation of the Premises or the Building or Landlord’s interest therein, or as may be necessary or desirable for the operation or improvement of the Building or in order to
comply with laws, orders or requirements of governmental or other authority. Landlord agrees to use its best efforts (except in an emergency) to minimize interference with Tenant’s business in the Premises in the course of any such entry.
Landlord, and any third parties entering the Premises at Landlord’s invitation or request shall at all times strictly observe Tenant’s reasonable rules relating to security on the Premises. Tenant shall have the right, in its sole
discretion, to designate a representative to accompany Landlord, or any third parties, while they are on the Premises. 

28.7 Common Area Regulation. To exclusively regulate and control use of all Common Area in the Project and
Park. 
 29. ADVERTISEMENTS AND SIGNS. 

Tenant shall not affix, paint, erect or inscribe any sign, projection, awning, signal or advertisement of any kind to any part of the
Premises, Building or Project, including without limitation the inside or outside of windows or doors, without the prior written consent of Landlord. Landlord shall have the right to remove any signs or other matter installed without Landlord’s
permission, without being liable to Tenant by reason of such removal, and to charge the cost of removal to Tenant as Additional Rent hereunder, payable within ten (10) days of written demand by Landlord. 

 

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 30. RELOCATION OF PREMISES. 

Landlord shall have the right to relocate the Premises to another part of the Building at any time after the execution and delivery of the
Lease upon at least thirty (30) days prior Notice to Tenant. The new premises (“New Premises”) shall be substantially similar to the configuration of the original premises (“Original Premises”) as described in this Lease.
The New Premises shall be leased to Tenant on the same terms and conditions as provided in this Lease, except if the New Premises contains less square footage, then there shall be a proportionate adjustment in Rent. If Tenant requests an increase in
the size of the Premises and the Landlord can accommodate this, then there shall be a proportionate increase in rent. Landlord shall pay reasonable expenses incurred moving Tenant’s Property to the New Premises. Landlord, at its expense, shall
improve the New Premises with improvements substantially similar to those in the Original Premises. At the time of such relocation, Tenant’s reasonable moving expense shall include, without limitation, the cost of replacing Tenant’s
signage at the New Premises, the cost of moving Tenant’s telecommunications equipment, the cost of replacing unused letterhead stationary, and business cards of Tenant showing the address of the Original Premises. Upon completion of such
relocation, the New Premises shall be the Premises for all purposes under the Lease and the parties shall immediately execute an amendment to this Lease setting forth the relocation of the Premises and the reduction of Base Rent, if any. 

31. GOVERNMENT ENERGY OR UTILITY CONTROLS. 

In the event of imposition of federal, state or local government controls, rules, regulations, or restrictions on the use or consumption
of energy or other utilities (including telecommunications) during the Term, both Landlord and Tenant shall be bound thereby. In the event of a difference in interpretation by Landlord and Tenant of any such controls, the interpretation of Landlord
shall prevail and Landlord shall have the right to enforce compliance therewith, including the right of entry into the Premises to effect compliance. 

32. FORCE MAJEURE. 

Any prevention, delay or stoppage of work to be performed by Landlord or Tenant which is due to strikes, labor disputes, inability to
obtain labor, materials,, equipment or reasonable substitutes therefor, acts of God, governmental restrictions or regulations or controls, judicial orders, enemy or hostile government actions, civil commotion, fire or other casualty, or other causes
beyond the reasonable control of the party obligated to perform hereunder, shall excuse performance of the work by that party for a period equal to the duration of that prevention, delay or stoppage. Nothing in this Section 32 shall excuse or
delay Tenant’s obligation to pay Rent or other charges under this Lease. 
  

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 33. BROKERAGE FEES. 

Both parties warrants and represents that they have not dealt with any real estate broker or agent in connection with this Lease or its
negotiation except the Listing and Leasing Agent(s) set forth in Section 2.9 of this Lease. Each party shall indemnify, defend and hold the other harmless from any cost, expense or liability (including costs of suit and reasonable
attorneys’ fees) for any compensation, commission or fees claimed by any other real estate broker or agent in connection with this Lease or its negotiation by reason of any act of such party. 

34. QUIET ENJOYMENT. 

Tenant, upon payment of Rent and performance of all of its obligations under this Lease, shall peaceably, quietly and exclusively enjoy
possession of the Premises without unwarranted interference by Landlord or anyone acting or claiming through Landlord, subject to the terms of this Lease and to any mortgage, lease, or other agreement to which this Lease may be subordinate.

 35. TELECOMMUNICATIONS. 

35.1 Telecommunications Companies. Tenant and its agents and/or service providers shall have no right of
access to the Project for the installation and operation of telecommunications lines and systems for any of Tenant’s telecommunications within or from the Building to any other location without Landlord’s prior-written consent, which shall
not be unreasonably withheld. However, Landlord’s consent shall not be required where the equipment being installed, repaired or maintained is not located in an area in which any telecommunications lines or equipment of any other tenant or of
Landlord are located. Landlord’s approval of, or requirements concerning, the lines or any equipment related .thereto, the plans, specifications or designs related thereto, the contractor or subcontractor, or the work performed hereunder, shall
not be deemed a warranty as to the adequacy thereof, and Landlord hereby disclaims any responsibility or liability for the same. Landlord disclaims all responsibility for the condition or utility of the intra-building cabling network (ICN) and makes
no representation regarding the suitability of the ICN for Tenant’s intended use. 
 35.2 Tenant’s
Obligations. If at any time the point of demarcation for Tenant’s telecommunications equipment in Tenant’s telephone equipment room or other location is relocated to some other point, whether by operation of law or
otherwise, upon Landlord’s election, Tenant shall, at Tenant’s sole expense and cost: (1) within thirty (30) days after notice is first given to Tenant of Landlord’s election, cause to be completed by an appropriate
telecommunications engineering entity approved in advance in writing by Landlord, all details of the telecommunications lines serving Tenant in the Building which details shall include all appropriate plans, schematics, and specifications; and
(2) if Landlord so elects, immediately undertake the operation, repair and maintenance of the telecommunications lines serving Tenant in the Building; and (3) upon the termination of the Lease for any reason, or upon expiration of the
Lease, immediately effect the complete removal of all or any portion or portions of the 
  

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telecommunications lines serving Tenant in the Building and repair any damage caused thereby (to Landlord’s reasonable satisfaction). Notwithstanding anything contained herein to the
contrary, Tenant shall have no obligation to remove any telecommunication lines serving Tenant that are currently present at the Premises and were not installed by, or on behalf of Tenant. 

Prior to the commencement of any alterations, additions, or modifications to the telecommunications lines serving Tenant in the Building,
except for minor changes, Tenant shall first obtain Landlord’s prior written consent by written request accompanied by detailed plans, schematics, and specifications showing all alterations, additions and modifications to be performed, with the
time schedule for completion of the work, for which Landlord may withhold consent in its sole and absolute discretion. 

35.3 Indemnification. Tenant shall indemnify, defend and hold harmless Landlord and its employees, agents,
officers and directors from and against any claims, demands, penalties, fines, liabilities, settlements, damages, costs, or expenses of any kind or nature, known or unknown, contingent or otherwise, arising out of or in any way related to the acts
and omissions of Tenant, Tenant’s officers, directors, employees, agents, contractors, subcontractors, subtenants and invitees with respect to (1) any telecommunications lines installed by, or on behalf of, and serving Tenant in the
Building; (2) any bodily injury (including wrongful death) or property damage (real or personal) arising out of or related to any telecommunications lines installed by, or on behalf of, and serving Tenant in the Building; (3) any lawsuit
brought or threatened, settlement reached, or governmental order relating to such telecommunications lines; (4) any violations of laws, orders, regulations, requirements, or demands of governmental authorities, or any reasonable policies or
requirements of Landlord, which are based upon or in any way related to such telecommunications lines, including, without limitation, attorney and consultant fees, court costs and litigation expenses. This indemnification and hold harmless agreement
will survive this Lease. Under no circumstances shall Landlord be liable for interruption in telecommunications services to Tenant or any other entity affected, for electrical spikes or surges, or for any other cause whatsoever, whether by Act of
God or otherwise, except to the extent caused by the gross negligence or willful misconduct of Landlord subject to applicable waivers of subrogation. 

35.4 Landlord’s Operation. Notwithstanding anything contained herein to the contrary, if the point of
demarcation is relocated, Landlord may, but shall not be obligated to, undertake the operation, repair and maintenance of telecommunications lines and systems in the Building. If Landlord so elects, Landlord shall give Notice of its intent to do so,
and Landlord shall, based on Landlord’s sole business discretion, make such lines and systems available to tenants of the Building (including Tenant) in the manner it deems most prudent. Landlord may include in Operating Expenses all or a
portion of the expenses related to the operation, repair and maintenance of the telecommunications lines and systems. 
  

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 36. MISCELLANEOUS. 

36.1 Accord and Satisfaction; Allocation of Payments. No payment by Tenant or receipt by Landlord of a lesser
amount than the Rent provided for in this Lease shall be deemed to be other than on account of the earliest due Rent, nor shall any endorsement or statement on any check or letter accompanying any check or payment as Rent be deemed an accord and
satisfaction, and Landlord may accept such check or payment without prejudice to Landlord’s right to recover the balance of the Rent or pursue any other remedy provided for in this Lease. In connection with the foregoing, Landlord shall have
the absolute right in its sole discretion to apply any payment received from Tenant to any account or other payment of Tenant then not current and due or delinquent. 

36.2 Addenda. If any provision contained in an addendum to this Lease is inconsistent with any other
provision herein, the provision contained in the addendum shall control, unless otherwise provided in the addendum. 
 36.3
Attorneys’ Fees. If any action or proceeding is brought by either party against the other pertaining to or arising out of this Lease, the finally prevailing party (i.e., the party that recovers the greater relief as a
result of the action or proceeding) shall be entitled to recover all costs and expenses, including reasonable attorneys’ fees, incurred on account of such action or proceeding. 

36.4 Captions and Section Numbers. The captions appearing in the body of this Lease have been inserted as a
matter of convenience and for reference only and in no way define, limit or enlarge the scope or meaning of this Lease. All references to Section numbers refer to Sections in this Lease. 

36.5 Changes Requested by Lender. Neither Landlord nor Tenant shall unreasonably withhold its consent to
changes or amendments to this Lease requested by the lender on Landlord’s interest, so long as such changes do not alter the basic business terms of this Lease or otherwise materially diminish any rights or materially increase any obligations
of the party from whom consent to such change or amendment is requested. 
 36.6 Choice of Law. This
Lease shall be construed and enforced in accordance with the Laws of the State. 
 36.7 Consent.
Notwithstanding anything contained in this Lease to the contrary, Tenant shall have no claim, and hereby waives the right to any claim against Landlord for money damages, by reason of any refusal, withholding or delaying by Landlord of any consent,
approval or statement of satisfaction, and, in such event, Tenant’s only remedies therefor shall be an action for specific performance, injunction or declaratory judgment to enforce any right to such consent, approval or statement of
satisfaction. 
 36.8 Authority. If Tenant is not an individual signing on his or her own behalf,
then each individual signing this Lease on behalf of the business entity that constitutes Tenant represents and warrants that the individual is duly authorized to 

 

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execute and deliver this Lease on behalf of the business entity, and that this Lease is binding on Tenant in accordance with its terms. Tenant shall, at Landlord’s request, deliver a
certified copy of a resolution of its board of directors, if Tenant is a corporation, or other memorandum of resolution if Tenant is a limited partnership, general partnership or limited liability entity, authorizing such execution. 

36.9 Waiver of Right to Jury Trial. Landlord and Tenant hereby waive their respective rights to a trial by
jury of any claim, action, proceeding or counterclaim by either party against the other on any matters arising out of or in any way connected with this Lease, the relationship of Landlord and Tenant, and/or Tenant’s Use or occupancy of the
Premises, Building or Project (including any claim of injury or damage or the enforcement of any remedy under any current or future laws, statutes, regulations, codes or ordinances). 

36.10 Counterparts. This Lease may be executed in multiple counterparts, all of which shall constitute one and
the same Lease. 
 36.11 Execution of Lease; No Option. The submission of this Lease to Tenant shall
be for examination purposes only and does not and shall not constitute a reservation of or option for Tenant to Lease, or otherwise create any interest of Tenant in the Premises or any other premises within the Building or Project. Execution of this
Lease by Tenant and its return to Landlord shall not be binding on Landlord, notwithstanding any time interval, until Landlord has in fact signed and delivered this Lease to Tenant. 

36.12 Furnishing of Financial Statements; Tenant’s Representations. In order to induce Landlord to enter
into this Lease, Tenant agrees that it shall promptly furnish Landlord, from time to time, upon Landlord’s written request, financial statements reflecting Tenant’s current financial condition. Tenant represents and warrants that all
financial statements, records and information furnished by Tenant to Landlord in connection with this Lease are true, correct and complete in all respects. 

36.13 Further Assurances. The parties agree to promptly sign all documents reasonably requested to give
effect to the provisions of this Lease. 
 36.14 Prior Agreements; Amendments. This Lease and the
schedules and addenda attached, if any, form a part of this Lease together with the rules and regulations set forth on Exhibit “E” attached hereto, and set forth all the covenants, promises, assurances, agreements, representations,
conditions, warranties, statements, and understandings (Representations) between Landlord and Tenant concerning the Premises and the Building and Project, and there are no Representations, either oral or written, between them other than those in
this Lease. 
 This Lease supersedes and revokes all previous negotiations, arrangements, letters of intent, offers to lease,
lease proposals, brochures, representations, and information conveyed, whether oral or in writing, between the parties hereto or their respective representatives or any other person purporting to represent Landlord or Tenant. Tenant acknowledges
that it has not been induced to enter into this Lease by any Representations 
  

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not set forth in this Lease, and that it has not relied on any such Representations. Tenant further acknowledges that no such Representations shall be used in the interpretation or construction
of this Lease, and that Landlord shall have no liability for any consequences arising as a result of any such Representations. 

Except as otherwise provided herein, no subsequent alteration, amendment, change, or addition to this Lease shall be binding upon
Landlord or Tenant unless it is in writing and signed by each party. 
 36.15 Recording. Tenant
shall not record this Lease without the prior written consent of Landlord. Tenant, upon the request of Landlord, shall execute and acknowledge a short form memorandum of this Lease for recording purposes. 

36.16 Severability. A final determination by a court of competent jurisdiction that any provision of this
Lease is invalid shall not affect the -validity, of any other provision, and any provision so determined to be invalid shall, to the extent possible, be construed to accomplish its intended effect. 

36.17 Successors and Assigns. This Lease shall apply to and bind the heirs, personal representatives, and
successors and assigns of the parties. 
 36.18 Time of the Essence. Time is of the essence of this
Lease. 
 36.19 Multiple Parties. Except as otherwise expressly provided herein, if more than one
person or entity is named herein as either Landlord or Tenant, the obligations of such Multiple Parties shall be the joint and several responsibility of all persons or entities named herein as such Landlord or Tenant. 

36.20 Consent to Press Release. Landlord may, after the Lease is fully executed, issue a press release
containing the following information: (i) Tenant’s name and the nature of Tenant’s business; (ii) the Term; (iii) the square footage leased and the Building name and location; (iv) the name of the brokers who
represented Landlord and Tenant; and (v) such other general information as may be customarily included in similar press releases. Tenant hereby consents to such a press release. 

 

 41 

 IN WITNESS WHEREOF, the parties hereto have executed this Lease as of the date first set
forth on Page 
  

					
	LANDLORD:
	
	 GLB 3, L.L.C.,
 a
New Jersey limited liability company

		
	By:	 	 Glenborough Realty Trust Incorporated,

a Maryland corporation

		 		 	Its Manager
			
		 	By:	 	 /s/ [ILLEGIBLE]

		 	Its	 	 Executive Vice President

	
	TENANT:
	
	 Tibbett & Britten Group North America, Inc.,

a Delaware corporation

			
		 	By:	 	 /s/ [ILLEGIBLE]

		 	Its	 	 Vice President

			
		 	By:	 	 /s/ [ILLEGIBLE]

		 	Its	 	 Corporate Secretary

 

 42 

 ADDENDUM TO LEASE BETWEEN 

GLB 3, LLC (Landlord) 

and TIBBETT & BRITTEN GROUP NORTH AMERICA, INC. (Tenant) 

Dated April 024 , 2004 

37. OPTION TO EXTEND LEASE TERM. 

Section 37. adds to and amends the Lease as follows: 

(a) Tenant shall have the option to extend the Lease Term beyond the Expiration Date on all of the provisions contained in this Lease,
except (i) Monthly Installments of Base Rent, and (ii) the Base Year, which shall be adjusted to the calendar year 2010 for the remainder of the Lease Term) for a five (5) year period (“Extended Term”) by giving notice of
its exercise at least two hundred seventy (270) days prior to the Expiration Date of the Lease. Provided that, if an event of default has occurred and has not been cured by Tenant within applicable time periods as set forth in the Lease, then
this option to extend shall, at Landlord’s option, terminate. 
 (b) Monthly Installments of Base Rent for the Extended
Term shall be equal to the then prevailing market rate for comparable space in the local market. Such prevailing market rate shall be based upon current rental rates for space of comparable size, age, location and condition as the Building.

 (c) The parties shall have sixty (60) days after Landlord receives Tenant’s option notice in which to agree on
Monthly Installments of Base Rent for the Extended Term. If the parties agree on the Monthly Installments of Base Rent for the Extended Term during that period, they shall immediately execute an amendment to this Lease stating Monthly Installments
of Base Rent. 
 (d) If the parties are unable to agree on Monthly Installments of Base Rent for the Extended Term within that
period, then within ten (10) days after the expiration of that period each party, at its cost and by giving written notice to the other party, shall appoint a real estate broker with at least 5 years full-time commercial brokerage experience in
the area in which the Premises is located to estimate and set Base Rent for the Extended Term. If a party does not appoint a broker within ten (10) days after the other party has given notice of the name of its broker, the single broker
appointed shall be the sole broker and shall set Base Rent for the Extended Term. If the two brokers are appointed by the parties as stated in this Section 38., they shall meet promptly and attempt to set Base Rent for the Extended Term. If
they are unable to agree within thirty (30) days after the second broker has been appointed, they shall attempt to elect a third broker meeting the qualifications stated in this Section 37 within ten (10) days after the last day the
two brokers are given to set Base Rent. If they are unable to agree on the third broker, either of the parties to this Lease by giving ten (10) days written notice to the other party can apply to the then president of the county real estate
board of the county in which the Premises are located, or to the presiding judge of the superior court of that county, for the selection of a third broker who meets the 

 

 43 

 
qualifications stated in this Section 37. Each of the parties shall bear one half of the cost of appointing the third broker and of paying the third broker’s fee. The third broker,
however selected, shall be a person who has not previously acted in any capacity for either party. 
 (e) Within thirty
(30) days after the selection of the third broker, a majority of the brokers shall set Base Rent for the Extended Tenn. In setting Base Rent, the broker or brokers shall consider the highest and best use for the Premises without regard to the
restriction on use of the Premises contained in this Lease. If, however, the low estimate and/or the high estimate are/is more than five percent (5%) lower and/or higher than the middle estimate, the low estimate and/or the high estimate shall
be disregarded. If only one estimate is disregarded, the average of the remaining two estimates shall be the Base Rent for the Premises during the Extended Term. If both the low estimate and the high estimate are disregarded as stated in this
Section 37., the middle estimate shall be the Base Rent for the Premises during the Extended Term. After Base Rent for the Extended Term has been set, the broker shall immediately not the parties. Landlord and Tenant shall immediately execute
an Amendment to the Lease setting forth Base Rent for the Extended Term. 
 (f) This option to extend the Lease Term is granted
by Landlord to Tibbett & Britten Group North America, Inc., is personal as to it, and shall not be exercised or assigned, voluntarily or involuntarily, by or to anyone other than Tibbett & Britten Group North America, Inc., its
wholly-owned subsidiaries or affiliates. Any assignment of this option to extend the Lease Term without Landlord’s prior written consent shall be void and, at Landlord’s election, shall constitute a default hereunder. 

38. RIGHT OF FIRST OFFER. 

Section 38 adds to and amends the Lease as follows: 

Subject to prior rights which Landlord may have granted to other tenants of the Building or third parties, and provided that Tenant is
not in default under the Lease, during the Term of the Lease, Landlord hereby grants to Tenant the one-time right to receive Landlord’s first offer to lease Suite 300 of the Building (consisting of approximately 24,597 rentable square feet of
space) should Suite 300 become available. The term “available” means that any existing tenant shall have fully and finally vacated and surrendered possession at the expiration of its lease or any extension(s) thereof, and that Landlord and
such other tenant or third party have not negotiated an extension of its lease or occupancy agreement. As to such Suite, Landlord shall promptly deliver to Tenant notice of availability and an offer to Tenant to lease the space as part of the
Premises co-terminously with the Term of this Lease at the then current market rental rate (subject to adjustment in accordance with the terms of the Lease). Other significant terms and conditions shall be included in the notice. Within ten
(10) business days after receipt of Landlord’s notice, Tenant shall provide Landlord notice of its acceptance or rejection of the offer. 
  

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 If Tenant indicates by notice to Landlord its agreement to lease such Suite, the parties
shall immediately execute an amendment to this Lease stating the addition of such Suite to the Premises. If Tenant does not accept the offer within five (5) days, Landlord thereafter shall have the right to lease such Suite to a third party,
and this Right of First Offer shall be of no force and effect. 
 This Right of First Offer is granted by Landlord to
Tibbett & Britten Group North America, Inc., is personal as to it, and shall not be exercised or assigned, voluntarily or involuntarily, by or to anyone other than Tibbett & Britten Group North America, Inc., its wholly-owned
subsidiaries or affiliates. Any assignment of such Right of First Offer without Landlord’s prior written consent shall be void and, at Landlord’s election, shall be a default under the Lease. 

39. TENANT IMPROVEMENTS. 

Section 39 adds to and amends the Lease as follows: 

(a) Landlord, at its sole cost and expense, shall construct turnkey tenant improvements in the Premises in accordance with Exhibit
“D” attached to the Lease and incorporated herein by this reference (the “Tenant Improvements”). Landlord shall pay the cost of such Tenant Improvements directly to any architects; contractors and/or subcontractors performing the
Landlord’s Work in the Premises on behalf of Landlord. Any items not set forth as Landlord’s Work on Exhibit “D” attached hereto shall be the sole responsibility of Tenant. 

(b) In addition, Landlord shall reimburse Tenant up to a maximum of $54,007.52 for the actual and reasonable costs of Tenant’s
physical relocation to the Premises. Such amounts shall be due to Tenant within thirty (30) days after Landlord’s receipt of actual paid receipts for such physical moving costs from Tenant. 

 

 45 

 N WITNESS WHEREOF, Landlord and Tenant have executed this Addendum to Lease as of the date
first above written. 
  

					
	
	LANDLORD:
	 GLB 3, L.L.C.,
 a
New Jersey limited liability company

			
	By:	 		 	 Glenborough Realty Trust Incorporated,

a Maryland corporation

		 		 	Its Manager
			
		 	By:	 	 /s/ [ILLEGIBLE]

		 	Its	 	 Executive Vice President

	
	TENANT:
	
	Tibbett & Britten Group North America, Inc.,
	a Delaware corporation
			
		 	By:	 	 /s/ [ILLEGIBLE]

		 	Its	 	 Vice President

			
		 	By:	 	 /s/ [ILLEGIBLE]

		 	Its	 	 Corporate Secretary

 

 46 

 EXHIBIT A 

FLOOR PLAN SHOWING THE PREMISES 

CENTERPOINTE IV, NJ 

[To be attached] 
  

 47 

 EXHIBIT B 

SITE PLAN OF THE PROJECT AND PARK 

CENTERPOINTE IV, NJ 

[To be attached] 
  

 48 

 EXHIBIT C 

BUILDING STANDARD TENANT IMPROVEMENTS 

CENTERPOINTE IV, NJ 

The following Schedule of Standard Tenant Improvements is provided to specify the minimum quality standards of the building materials to
be used in the construction of the interior Tenant improvements. Landlord is providing Tenant with the usable premises in its “as-is” raw condition which consists of only the main “home run” lines for HVAC and sprinkler.

 1. Partitions 

(a) Partitions within the Premises shall have 2” gypsum board on each sided of 3-5/8” metal studs, 16’ on center, taped and
spackled. Partitions between the Premises, corridor(s) and between the Premises and adjacent space, shall have 5/8” fire code gypsum board, taped and spackled, on each side of 3-5/8” metal studs, 16” on center above finished ceiling
to underside of metal deck. Demising partitions and corridor partitions to have thermofibre insulation installed within, and to be constructed from floor to underside of metal deck above. 

2. Doors and Bucks 

(a) All frames to be hollow metal knock down door frames. 

(b) Doors within the Premises to be 3’-0” x 8’-0” x 1’3/4” solid core, stain grade birch veneer.

 (c) Entrance doors from corridors thru to the Premises to be full height (8’-0”) double Herculite frameless
3/4” clear glass doors, or double wood solid core Mahogany veneer doors (see attached typical Tenant Entrance). 
 (d) All
doors to be located, oriented and with hardware in accordance with applicable codes. 
 3. Glazing 

Glazing in windows, doors and partitions shall be as required by code. 

4. Hardware  

(a) Provide cylindrical latch sets with lever handle, on individual office doors within the Premises. 

(b) Provide lock sets with level handle and closers, on doors from corridor(s) to the Premises. 

 

 49 

 (c) Provide sets and latch sets to be Schlage, Series “D”, or equivalent, as
approved by Landlord. 
 (d) All lock sets shall be keyed to the building master key system. 

5. Acoustical Ceilings 

(a) Lay-in acoustic tile ceilings, within the Premises, shall be 2’x4’ acoustical lay-in ceiling, Armstrong Second Look I
(white) in 15/16” grid (white). 
 (b) Ceiling heights within the Premises to be nominal 9’-0” at typical floors.

 (c) Direction of ceiling grid to be as determined by Landlord. 

6. Floorings  

(a) All carpet materials will be selected by Tenant subject to flame spread rating submitted to both Fire Department and Landlord.

 (b) Supply rooms, telephone rooms, equipment rooms and mail rooms within the Premises will receive vinyl composition tile and
4 vinyl base. 
 7. Painting 

(a) Interior wall surface of gypsum board shall receive two (2) coast of flat latex paint, Benjamin Moore, or equal, colors to be
selected by Tenant. 
 (b) All interior ferrous metal surfaces shall receive two (2) coast of alkyd semi-gloss enamel paint
over shop-applied primer. 
 (c) All wood doors to receive one (1) coat of sealer and two (2) coats of clear
polyurethane water base satin finish or two (2) coats of enamel. 
 (d) All wall covering materials will be selected by
Tenant subject to flame spread rating must be submitted to both Fire Department and Landlord. 
 8. Window Covering

 (a) Building standard blinds shall be Levelor – Riviera Dust guard 1” horizontal aluminum blind. Color #892 Low
Gloss Black. Substitution of building standard blinds by Tenants is not permitted. 
 9. Electrical Specifications

 (a) Lighting: 2’x4’ recessed fluorescent lay-in 3” deep, 18 cell low iridescence Parabolic louver (1 fixture
per 80SF), Energy efficient ballast. 
  

 50 

 (b) The average electric load of the Premises shall not exceed sib (6) watts per usable
square foot for power and three (3) watts per square foot for lighting. 
 10. Fire and Life Safety Features

 (a) The building is to be fully sprinklered. 

(b) Sprinkler installation to consist of recessed hears sprinklers with whiter covers in Tenant’s space. 

(c) Fire alarm system consisting of manual pull boxes, annunciators, alarm bells, control panel, to code. 

(d) Smoke detectors, photoelectric type in elevator lobbies, electric equipment rooms, elevator machine rooms, and in ducts where
quantity is over 15,000 CFM. Fire stats in the duct work where air quantity is less than 15,000 CFN. 
 (e) Emergency and exit
lighting in public spaces. 
 (f) All work involving smoke detectors and fire alarms must be performed by Landlord’s
designated subcontractor. 
 11. Telephone Data 

(a) Landlord shall arrange with local telephone company for telephone service within the equipment room in the building core. 

(b) All telephone work and wiring in partitions, floors and ceilings to be paid for by Tenant and arrange for by Tenant with the
telephone company or other qualified installer selected by Tenant but approved by Landlord. Landlord will coordinate work with other trades as required. All electrical load centers, special wiring and plywood, supplied for telephone equipment, shall
be an extra coast to be paid by Tenant. Telephone and data wiring is to meet all prevailing codes. 
 (c) Fibre optic capability
is available on Route 22 to Tenant, at Tenant’s expense. 
 12. HVAC Specification 

(a) Heating, ventilation and air-condition system shall be capable of maintaining the following interior conditions, subject to
governmental regulations: 
 Summer – 78 degrees F (+1-2 degrees C) dry bulb and 50% relative humidity when outside
temperature is 90 degrees F dry bulb and 75 degrees F wet. 
 Winter – 70 degrees F when outside temperature is 13 degrees
F. 
 (b) HVAC systems shall be variable air volume (V.A.V.) system. V.A.V. – DDC control units will have automatic
thermostats and volume controls mounted in the rooms or open spaces within the Premises. Control units can operate from 100% of nominal volume to 10% of nominal volume. 
  

 51 

 (c) The control units are connected to supply duct systems which are supplied with
conditioned air from rooftop air handling units with cooling coils, filters, mixing dampers and relief dampers. 
 (d) A control
panel for each system contains time clock, refrigeration step controller, duct supply air control thermostat and automatic economizer controls. 

(e) HVAC. Design Conditions: 
  

			
	Summer Outside	  	90 degrees Fahrenheit Dry Bulb 75 Fahrenheit Wet Bulb
		
	Summer Inside	  	78 degrees Fahrenheit Dry Bulb +/-2 Degrees
		
	Winter Outside	  	13 degrees Fahrenheit 15 MPH wind
		
	Winter Inside	  	70 degrees Fahrenheit Dry Bulb

 (f) HVAC
Zoning: 
 X All exterior zones shall’ have one VAV box per 1200 square feet and one VAV box per corner office (two or more
exposure). 
 X All interior spaces shall have one VAV box per 2000 square feet. 

X All interior perimeter shall have not water radiant ceiling hear panels. 

(g) HVAC Ductwork. Medium pressure duct systems will be designed at air velocity range from 2500 – 3000 FPM. All ductwork will be
installed in accordance with the latest SMACANA Standards. 
 (h) If Tenant’s interior layout provides for an above normal
amount of floor-to ceiling partitions, or if Tenant’s equipment (i.e., conference rooms, mail rooms, lunch rooms, etc. (requires air-conditioning above and beyond building standard, as out lined said additional air-conditioning (including cost
of operation as stipulated on the Lease ) shall be paid for by Tenant as an extra cost. Any special exhaust requirements will also be an extra costs to be paid by Tenant. 

(i) All work involving the connection of HVAC control systems must be performed by Landlord’s designated contractor 

 

 52 

 13. Disturbance to Other Tenants 

Penetration of another tenant’s space shall not commence until Tenant has notified Landlord and Landlord has approved the schedule to
work. The tenant whose space is being penetrated has the right to demand the work within its are be done on an overtime basis. 

14. Noise 

The use of jack hammers, core drilling, or other heavy noise shall not be used until Landlord has been notified and has given approval.

  

 53 

 EXHIBIT D 

WORK LETTER AND DRAWINGS 

CENTERPOINTE IV, NJ 

[To be attached] 
  

 54 

 Exhibit D 

INTERIOR TENANT ALTERATIONS BUDGET CENTERPOINTE IV 

TBG 

Third Floor 

[To be attached] 
  

 55 

 EXHIBIT E 

RULES AND REGULATIONS 

CENTERPOINTE IV, NJ 
  

 
  

					
	1.            	  	Building Hours:	  	8:00 am-6:00 p.m. WEEKDAYS
		  		  	8:00 am. – 12:00 p.m. SATURDAYS
		
		  	 Landlord recognizes the following holidays:
  

President’s Day
 Memorial Day

Independence Day
 Labor Day

Thanksgiving
 Day after Thanksgiving

Christmas
 New Year’s
Day

  

	2.	Overtime heating, ventilation and air conditioning is billed on an hourly basis at Landlord’s cost for supplying this service. 

 

	3.	The sidewalks, hallways, passages, exits and entrances shall not be obstructed by tenants or sued for any purpose other than for ingress to and egress from their
respective premises. The Landlord shall in all cases retain the right to control and prevent access by all persons whose presence, in the judgment of the Landlord, shall be prejudicial to the to safety, character, reputation and interests of the
Building and its tenants, provided that nothing herein contained shall be construed to prevent such access to persons with whom the tenants normally deal in the ordinary course of their respective businesses, unless such persons are engaged in
Illegal activities. No tenant and no employees or invitees of any tenant shall go upon the roof of the Building. 

  

	4.	The directory of the Building will be provided exclusively for the display of the names and locations of Tenant and other tenants of the Building, and Landlord reserves
the right to exclude any additional or other names thereon.. 

  

	5.	No signs shall be attached to or placed in window. Nor awning or shade shall be affixed or installed over or in the windows or the exterior of the Premises. The window
of the Building shall not be covered or obstructed by Tenant. 

  

	6.	The toilets, urinals and wash basins shall not be used for any purpose other than those for which they were constructed, and no rubbish, newspapers or other substances
of any kind shall be thrown into them. Tenants shall not mark, drive nails, screws or drill into, paint, or in any way deface the walls, ceilings partitions floors. The expense of any breakage, stoppage or damage resulting from a violation of this
rule shall be borne by the tenant who has caused such breakage, stoppage or damage. 

  

	7.	Electrical wiring of any kind shall be introduced and connected only as directed by Landlord, and no boring or cutting of wires will be allowed except with the prior
written consent of Landlord. The location of telephones, call boxed, etc., shall be prescribed by Landlord. (For building common areas) 

  

	8.	Landlord reserves the right to prescribe the weight and position of all safes and other heavy equipment so as to distribute properly the weight thereof and to prevent
any unsafe conditions from arising. Safes or other heavy objects shall, it considered necessary by Landlord, stand on wood strips of such thickness as is necessary to properly distributed the weight. Landlord will not be responsible for any loss or
damage to any such safe or property from any cause; but all damage done to the Building by moving or maintaining any such safe or property shall be repaired at the expense of Tenant. 

	9.	There shall be used in any space, or in the public halls of the Building; either by Tenant or others, any hand trucks, excepted those equipped with rubber tires and
side guards. 

  

	10.	No additional lock or locks shall be placed by tenants on any door in the Building unless written consent of Landlord shall have first been obtained. Two keys will be
furnished by Landlord for entry door or doors only, and any additional keys required must be obtained from Landlord, at Tenant’s cost, and neither Tenant nor its agents or employees shall have any duplicated key made. The Tenant, upon
termination of the tenancy, shall deliver to the Landlord the keys of the offices, rooms and toilet rooms which shall have been furnished, or shall, at Landlord’s option, pay the Landlord the cost of replacing same or changing the loci or locks
opened by such lost key if Landlord deems it necessary to make such changes. 

  

	11.	The carrying in or out of freight, furniture, or bulky matter of any description must take place only during such hours as Landlord may from time to time reasonably
determine. The installation and moving of such property shall be made only upon previous notice to the superintendent of the Building, but Landlord shall not be responsible for loss of, or damage to, such property from any cause.

  

	12.	Tenant shall use, at Tenant’s cost, such pest extermination contractor as Landlord may direct and at such intervals as Landlord may require.

  

	13.	Tenant and Tenant’s officers, agents and employees shall not make or permit any loud, unusual or improper noises, nor interfere in any way with other tenants or
those having business with them, nor bring into nor keep any animal (except for guide dogs) or bird, or any bicycle, automobile, or other vehicle, except such vehicles as they are permitted to park in the parking lot, and shall park in the areas
designated from time to time for employee parking. Tenant, Tenant’s employees, agents and invitees shall observe the “No Smoking in the Common Area of the Building” policy, which shall be enforced by Landlord.

  

	14.	Tenant shall not employ any person or persons for the purpose of cleaning the Premises unless otherwise agreed to by Landlord. Except with the written consent of
Landlord, no person other than those approved by Landlord shall be permitted to enter the Building for the purpose of cleaning same. Tenant shall not cause any unnecessary labor by reason of Tenant’s carelessness or indifference in the
preservation of good order and cleanliness. Landlord shall in no way be responsible to Tenant or its employees, agents, etc. for any loss of property on the Premises, however occurring, or for any damage done to the effects of Tenant or its
employees, agents, etc. by the janitor or any other employee or any other person. Janitorial service shall included ordinary dusting and cleaning by the janitor assigned to such work, but shall not include cleaning of carpets or rugs, except normal
vacuuming, or moving of furniture and other special services. 

  

	15.	No machinery of any kind will be allowed in the Premises or Building without the written consent of Landlord. This shall not apply, however, to customary office
equipment or trade fixtures or package handling equipment. 

  

	16.	No aerial or satellite dish or receiver shall be erected on the roof or exterior walls of the Premises or Building, or on the grounds, without in each instance, the
prior written consent of Landlord. 

  

	17.	Tenant shall not lay linoleum, tile, carpet or other similar floor covering so that the same shall be affixed to the floor of the Premises in any manner, except as
approved by Landlord. The expensed of repairing any damage resulting from a violation of this rule or from the removal of any floor covering shall be borne by the tenant by whom, or by whose contractors, employees, or invitees, the damage shall have
been caused. 

	18.	All garbage, including wet garbage, refuse, or trash shall be placed by the Tenant in the receptacles provided by the Landlords for such purpose.

  

	19.	No vending machine or machines of any description shall be installed, maintained or operated upon the Premises without the written consent of Landlord.

  

	20.	Landlord shall have the right, exercisable without notice and without liability to Tenant, to change the name and the street address of the Building of which the
Premises are a part. 

  

	21.	Tenant agrees that it shall comply with all fire and security regulations that may be issued from time to time by Landlord, and Tenant also shall provided Landlord with
the name of a designated responsible employee to represent Tenant in all matters pertaining to such fire or security regulations. 

  

	22.	Tenant shall see that the doors of the Premises are closed and securely locked before leaving the Building and shall observe strict care and caution that all water
faucets and /or water apparatus are entirely shut off before Tenant or Tenant’s employees leave the Building, and that all electricity shall be likewise carefully shut off, so as to prevent waste or damage, and for any default or carelessness
Tenant shall make good all injuries sustained by Landlord, Tenant, other tenants, or occupants of the Building. Landlord reserves the right to close and keep locked all entrances and exit doors of the Building before and after the normal hours of
operation, and during such further hours as Landlord may deem advisable for the adequate protection of said Building and the property of its tenants. 

  

	23.	The requirements of Tenant for additional services by Landlord will be attended to only upon application by Tenant at the Building Office. Employees of Landlord shall
not perform any work or do anything outside of their regular duties unless under special instructions from Landlord, and not employee will admit any person (Tenant or otherwise) to any office without specific instructions from Landlord.

  

	24.	Landlord reserves the right by written notice to Tenant to add to, rescind, alter or waive these Rules and Regulation at any time prescribed for the Building when, in
Landlord’s reasonable judgment, it is necessary, desirable or proper for the best interest of the Building and its tenants. 

  

	25.	Tenant or its employees, agents, etc., shall not disturb, solicit, or canvass any occupant of the Building and shall cooperate to prevent same.

  

	26.	Tenant, its servants, employees, customers, invitees, and guests shall, when using the common parking facilities, if any, in and around the Building, observe and obey
all signs regarding fire lanes and not parking zones, and when parking shall always park between the designated lines. Landlord reserves the right to tow away, at the expense of the owner, any vehicle which is improperly parked or parked in a no
parking zone. All vehicles shall be parked at the sole risk of the owner, and Landlord assumes not responsibility for any damage to or loss of vehicles or any belongings located therein. No vehicles shall be parked overnight.

 All city and county ordinances shall be observed by tenants in the use of the Building and of Tenant’s leased Premises.

 It is understood and agreed between Tenant and Landlord that no assent or consent to any waiver of any part hereof by Landlord in spirit or
letter shall be deemed or taken as made except when the same is done in writing and attached to or endorsed hereon by Landlord. 
 In the event
of any further or modified Rules and Regulations from time to time issued by Landlord and the Lease provisions, the Lease provisions shall govern and control. 

GLENBOROUGH on behalf of the LandlordLoan and Security Agreement with Hercules Technology Growth Capital, Inc.

 Exhibit 10.9 

LOAN AND SECURITY AGREEMENT 

THIS LOAN AND SECURITY AGREEMENT is made and dated as of March 20, 2007 and is entered into by and between AEGERION PHARMACEUTICALS,
INC., a Delaware corporation (“Borrower”), with its chief executive office and principal place of business located at 1140 Route 22 East, Suite 304, Bridgewater, NJ 08807 and HERCULES TECHNOLOGY GROWTH CAPITAL, INC., a Maryland corporation
(“Lender”), with its principal place of business located at 400 Hamilton Avenue, Palo Alto, CA 94301. 
 RECITALS

 WHEREAS, Borrower has requested Lender to make available to Borrower a loan in an aggregate principal amount of up to
$15,000,000 (the “Loan”); and 
 WHEREAS, Lender is willing to make the Loan on the terms and conditions set forth in
this Agreement. 
 AGREEMENT 

NOW, THEREFORE, Borrower and Lender agree as follows: 

SECTION 1. DEFINITIONS AND RULES OF CONSTRUCTION 

1.1. Unless otherwise defined herein, the following capitalized terms shall have the following meanings: 

“Account Control Agreement(s)” means any agreement entered into by and among the Lender, Borrower and a third party Bank or
other institution (including a Securities Intermediary) in which Borrower maintains a Deposit Account or Investment Property and which is intended to perfect Lender’s security interest in any of the Collateral. 

“Advance” means any funds advanced under this Agreement. 

“Advance Date” means the funding date of any Advance. 

“Advance Request” means a request for an Advance submitted by Borrower to Lender in substantially the form of
Exhibit A. 
 “Agreement” means this Loan and Security Agreement, as the same may from time to time be
amended, modified, supplemented or restated from time to time in accordance with the terms hereof. 
 “Borrower
Products” means all products, software, service offerings, technical data or technology currently being designed, manufactured or sold by Borrower or which Borrower intends to sell, license, or distribute in the future including any products or
service offerings under development, collectively, together with all products, software, service offerings, technical data or technology that have been sold, licensed or distributed by Borrower since its incorporation. 

“Cash” means all cash and liquid funds. 

“Closing Date” means the date of this Agreement. 

“Collateral” means the property described in Section 3. 

“Contingent Obligation” means, as applied to any Person, any direct or indirect liability, contingent or otherwise, of that
Person with respect to (i) any indebtedness, lease, dividend, letter of credit or other obligation of another, including any such obligation directly or indirectly guaranteed, endorsed, co-made or discounted or sold with recourse by that
Person, or in respect of which that Person is otherwise 
  

 1. 

 directly or indirectly liable; (ii) any obligations with respect to undrawn letters of credit,
corporate credit cards or merchant services issued for the account of that Person; and (iii) all obligations arising under any interest rate, currency or commodity swap agreement, interest rate cap agreement, interest rate collar agreement, or
other agreement or arrangement designated to protect a Person against fluctuation in interest rates, currency exchange rates or commodity prices, in each case payable on or prior to the Maturity Date; provided, however, that the term
“Contingent Obligation” shall not include endorsements for collection or deposit in the ordinary course of business. The amount of any Contingent Obligation shall be deemed to be an amount equal to the stated or determined amount of the
primary obligation in respect of which such Contingent Obligation is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof as determined by such Person in good faith; provided, however, that such
amount shall not in any event exceed the maximum amount of the obligations under the guarantee or other support arrangement. 

“Copyrights” means all copyrights, whether registered or unregistered, held pursuant to the laws of the United States, any
State thereof, or of any other country. 
 “Copyright License” means any written agreement granting any right to use
any Copyright or Copyright registration, now owned or hereafter acquired by Borrower or in which Borrower now holds or hereafter acquires any interest. 

“Event of Default” has the meaning given to it in Section 9. 

“Facility Fee” means $127,500, which fee is due to Lender on the Closing Date. 

“Financial Statements” has the meaning given to it in Section 7.1. 

“Fully Diluted Capitalization” means, at any given time, the number of shares of Borrower’s (i) common stock issued
and outstanding, and (ii) common stock ultimately issuable upon conversion, exercise or exchange of any outstanding rights to purchase Borrower’s capital stock, including preferred stock, options, warrants, employee stock plans and
convertible debt. 
 “GAAP” means generally accepted accounting principles in the United States of America, as in
effect from time to time. 
 “Indebtedness” means indebtedness of any kind, including (a) all indebtedness for
borrowed money or the deferred purchase price of property or services, including reimbursement and other obligations with respect to surety bonds and letters of credit, (b) all obligations evidenced by notes, bonds, debentures or similar
instruments, (c) all capital lease obligations, and (d) all Contingent Obligations. 
 “Initial Public
Offering” has the meaning given to it in Section 2.2. 
 “Intellectual Property” means all Copyrights;
Trademarks; Patents; Licenses; trade secrets and inventions; Borrower’s applications therefor and reissues, extensions, or renewals thereof; and Borrower’s goodwill associated with any of the foregoing, together with Borrower’s rights
to sue for past, present and future infringement of Intellectual Property and the goodwill associated therewith. 

“Interest Rate” means for any day, the prime rate as reported in The Wall Street Journal plus two and one-half percentage
points (2.50%). 
 “Investment” means any beneficial ownership of or in any Person (including stock , partnership or
limited liability company interests), or any loan, advance or capital contribution to any Person. 
 “Joinder
Agreements” means for each Subsidiary, a completed and executed Joinder Agreement in substantially the form attached hereto as Exhibit G. 

“Lender” has the meaning given to it in the preamble to this Agreement. 

 

 2. 

 “License” means any Copyright License, Patent License, Trademark License or other
license of rights or interests. 
 “Lien” means any mortgage, deed of trust, pledge, hypothecation, assignment for
security, security interest, encumbrance, levy, lien or charge of any kind, whether voluntarily incurred or arising by operation of law or otherwise, against any property, any conditional sale or other title retention agreement, any lease in the
nature of a security interest, and the filing of any financing statement (other than a precautionary financing statement with respect to a lease that is not in the nature of a security interest) under the UCC or comparable law of any jurisdiction.

 “Loan” has the meaning given to it in the recitals to this Agreement. 

“Loan Documents” means this Agreement, the Notes, Account Control Agreements, Joinder Agreements, all UCC Financing Statements,
the Warrant, and any other documents executed in connection with the Secured Obligations or the transactions contemplated hereby, as the same may from time to time be amended, modified, supplemented or restated. 

“Material Adverse Effect” means a material adverse effect upon: (i) the business, results of operations, or financial
condition of Borrower and its subsidiaries, taken as a whole other than an effect reasonably attributable to (a) the failure of any nonclinical or clinical trial to demonstrate the desired safety or efficacy of any biologic or drug or
(b) the denial, delay or limitation of approval of, or taking of any other regulatory action by, the United States Food and Drug Administration or any other governmental entity with respect to any biologic or drug where, in the case of
(a) or (b), Borrower’s investors provide such confirmation to Lender as Lender reasonably requests that they continue to support Borrower, or (c) the inability of Borrower to consummate the Initial Public Offering; or (ii) the
ability of Borrower to perform the Secured Obligations in accordance with the terms of the Loan Documents, or the ability of Lender to enforce its rights or remedies with respect to the Secured Obligations; or (iii) the Collateral or
Lender’s Liens on the Collateral or the priority of such Liens. 
 “Maturity Date” means either
(i) August 19, 2010 or (ii) after the closing of the Initial Public Offering, November 30, 2010. 

“Maximum Loan Amount” means $15,000,000. 

“Maximum Rate” shall have the meaning assigned to such term in Section 2.5. 

“Merger” means any (i) reorganization, recapitalization, consolidation or merger (or similar transaction or series of
related transactions) of Borrower or any Subsidiary, (ii) sale or exchange of outstanding shares (or similar transaction or series of related transactions) of Borrower or any Subsidiary in which the holders or affiliates thereof of Borrower or
Subsidiary’s outstanding shares immediately before consummation of such transaction or series of related transactions do not, immediately after consummation of such transaction or series of related transactions, retain shares representing at
least more than fifty percent (50%) of the voting power of the surviving entity of such transaction or series of related transactions (or the parent of such surviving entity if such surviving entity is wholly owned by such parent), in each case
without regard to whether Borrower or Subsidiary is the surviving entity, (iii) sale or exchange of outstanding shares (or similar transaction or series of related transactions) of Borrower or any Subsidiary in which the shares issued after the
Closing Date to persons who are not holders of Borrower’s outstanding shares (or securities convertible into or exercisable for such shares) as of the Closing Date or affiliates thereof would entitle the holders thereof to 50% or more of the
proceeds that would be distributed to holders of Preferred Stock assuming that proceeds available for distribution are sufficient only to provide a distribution to holders of Preferred Stock; (iv) if, in connection with the sale or exchange of
outstanding shares (or a similar transaction or series of related transactions) of Borrower, the valuation (determined by multiplying the per share price of securities sold or issued in such transaction by the Fully Diluted Capitalization) of
Borrower after such transaction is less than forty percent (40%) than such valuation as of the date hereof; (v) sale, lease, license or transfer of any substantial part of the assets of Borrower or any 

 

 3. 

 Subsidiary outside the ordinary course of business; or (vi) acquisition by Borrower or any Subsidiary
of all or substantially all of the capital stock or assets of another Person, provided however, that in all cases a Subsidiary may be merged with or into Borrower or into another Subsidiary or may sell or exchange its outstanding shares to Borrower,
without constituting a “Merger.” 
 “Next Event” means the closing of Borrower’s next round of
institutional private equity financing of at least $15,000,000 which first becomes effective after the Closing Date. 

“Notes” means the Promissory Notes in substantially the form of Exhibit B. 

“Patent License” means any written agreement granting any right with respect to any invention on which a Patent is in existence
or a Patent application is pending, in which agreement Borrower now holds or hereafter acquires any interest. 

“Patents” means all letters patent of, or rights corresponding thereto, in the United States or in any other country, all
registrations and recordings thereof, and all applications for letters patent of, or rights corresponding thereto, in the United States or any other country. 

“Permitted Indebtedness” means: (a) Indebtedness of Borrower in favor of Lender arising under this Agreement or any other
Loan Document; (b) Indebtedness existing on the Closing Date and disclosed in Schedule 1A; (c) Indebtedness not to exceed $1,500,000 in the aggregate in any fiscal year of Borrower secured by a lien described in clause (vi) of
the defined term “Permitted Liens,” provided such Indebtedness does not exceed the lesser of the cost or fair market value of the equipment financed with such Indebtedness; (d) Indebtedness to trade creditors or contractual
counterparties incurred in the ordinary course of business, including Indebtedness incurred in the ordinary course of business with corporate credit cards; (e) Indebtedness that also constitutes a Permitted Investment; and (f) extensions,
refinancings and renewals of any items of Permitted Indebtedness, provided that the principal amount is not increased or the terms modified to impose materially more burdensome terms upon Borrower or its Subsidiary, as the case may be. 

“Permitted Investment” means: (a) Investments existing on the Closing Date disclosed in Schedule 1B or made in
accordance with the Investment Policy approved by Borrower’s Board of Directors, a copy of which has been delivered to Lender; (b) (i) marketable direct obligations issued or unconditionally guaranteed by the United States of America
or any agency or any State thereof maturing within one year from the date of acquisition thereof, (ii) commercial paper maturing no more than one year from the date of creation thereof and currently having rating of at least A-2 or P-2 from
either Standard & Poor’s Corporation or Moody’s Investors Service, (iii) certificates of deposit issued by any bank with assets of at least $500,000,000 maturing no more than one year from the date of investment therein, and
(iv) money market accounts; (c) repurchases of stock from former employees, directors, or consultants of Borrower under the terms of applicable repurchase agreements at the original issuance price of such securities (i) in an
aggregate amount not to exceed $100,000 in any fiscal year, provided that no Event of Default has occurred, is continuing or would exist after giving effect to the repurchases, or (ii) in any amount where the consideration for the repurchase is
the cancellation of indebtedness owed by such former employees, directors, or consultants, to Borrower regardless of whether an Event of Default exists; (d) Investments accepted in connection with Permitted Transfers; (e) Investments
(including debt obligations) received in connection with the bankruptcy or reorganization of customers or suppliers and in settlement of delinquent obligations of, and other disputes with, customers or suppliers arising in the ordinary course of
Borrower’s business; (f) Investments consisting of notes receivable of, or prepaid royalties and other credit extensions, to customers and suppliers who are not affiliates, in the ordinary course of business, provided that this
subparagraph (f) shall not apply to Investments of Borrower in any Subsidiary; (g) additional Investments that do not exceed $100,000 in the aggregate; and (h) Joint ventures or strategic alliances in the ordinary course of
Borrower’s business consisting of the nonexclusive licensing of technology, the development of technology or the providing of technical support, provided that any cash Investments by Borrower do not exceed $100,000 in the aggregate in any
fiscal year. 
  

 4. 

 “Permitted Liens” means any and all of the following: (i) Liens existing on
the Closing Date disclosed in Schedule 1C; (ii) Liens for taxes, fees, assessments or other governmental charges or levies, either not delinquent or being contested in good faith by appropriate proceedings; provided, that Borrower
maintains adequate reserves therefor in accordance with GAAP; (iii) Liens securing claims or demands of materialmen, artisans, mechanics, carriers, warehousemen, landlords and other like Persons arising in the ordinary course of Borrower’s
business and imposed without action of such parties; provided, that the payment thereof is not yet required; (iv) Liens arising from judgments, decrees or attachments in circumstances which do not constitute an Event of Default
hereunder; (v) the following deposits, to the extent made in the ordinary course of business: deposits under worker’s compensation, unemployment insurance, social security and other similar laws, or to secure the performance of bids,
tenders or contracts (other than for the repayment of borrowed money) or to secure indemnity, performance or other similar bonds for the performance of bids, tenders or contracts (other than for the repayment of borrowed money) or to secure
statutory obligations (other than liens arising under ERISA or environmental liens) or surety or appeal bonds, or to secure indemnity, performance or other similar bonds; (vi) purchase money liens and liens in connection with capital leases on
Equipment securing Indebtedness permitted in clause (c) of “Permitted Indebtedness”; and (vii) Liens incurred in connection with the extension, renewal or refinancing of the indebtedness secured by Liens of the type described in
clauses (i) through (vii) above; provided, that any extension, renewal or replacement Lien shall be limited to the property encumbered by the existing Lien and the principal amount of the indebtedness being extended, renewed or
refinanced (as may have been reduced by any payment thereon) does not increase. 
 “Permitted Transfers” means
(i) sales of Inventory in the normal course of business, (ii) licenses and similar arrangements for the use of property in the ordinary course of business, or (iii) dispositions of worn-out, obsolete or surplus Equipment. 

“Person” means any individual, sole proprietorship, partnership, joint venture, trust, unincorporated organization,
association, corporation, limited liability company, institution, other entity or government. 
 “Preferred Stock”
means at any given time any equity security issued by Borrower that has any rights, preferences or privileges senior to Borrower’s common stock. 

“Prepayment Fee” means for each Advance, an amount equal to (i) for a prepayment made on or before the first anniversary
of the Closing Date, 2.0% of the remaining principal amount of the Advance prepaid, (ii) for a prepayment made after the first anniversary, but on or before the second anniversary of the Closing Date, 1.0% of the remaining principal amount of
the Advance prepaid, and (iii) for a prepayment made after the second anniversary of the Closing Date, but before the Maturity Date, 0.5% of the remaining principal amount of the Advance prepaid. Notwithstanding the foregoing, if Borrower
completes an Initial Public Offering by September 30, 2007, the Prepayment Fee shall be $0 for any Advance prepaid by September 30, 2007. 

“Receivables” means (i) all of Borrower’s Accounts, Instruments, Documents, Chattel Paper, Supporting Obligations,
letters of credit, proceeds of any letter of credit, and Letter of Credit Rights, and (ii) all customer lists, software, and business records related thereto. 

“Secured Obligations” means Borrower’s obligation to repay to Lender the Loan and all Advances (whether or not evidenced
by any Note), together with all principal, interest, fees, costs, professional fees and expenses, or other liabilities or obligations for monetary amounts owed by Borrower to Lender however arising, including the indemnity and insurance obligations
in Section 6 and including such amounts as may accrue or be incurred before or after default or workout or the commencement of any liquidation, dissolution, bankruptcy, receivership or reorganization by or against Borrower, whether due or to
become due, matured or unmatured, liquidated or unliquidated, contingent or non-contingent, and all covenants and duties of any kind or nature, present or future, in each case, arising under this Agreement, the Notes, or any of the other Loan
Documents, as the same may from time to time be amended, modified, supplemented or restated, whether or not such obligations are partially or fully secured by the value of Collateral. 

 

 5. 

 “Subsidiary” means an entity, whether corporate, partnership, limited liability
company, joint venture or otherwise, in which Borrower owns or controls 50% or more of the outstanding voting securities, including each entity listed on Schedule 1 hereto. 

“Trademark License” means any written agreement granting any right to use any Trademark or Trademark registration, now owned or
hereafter acquired by Borrower or in which Borrower now holds or hereafter acquires any interest. 
 “Trademarks”
means all trademarks (registered, common law or otherwise) and any applications in connection therewith, including registrations, recordings and applications in the United States Patent and Trademark Office or in any similar office or agency of the
United States, any State thereof or any other country or any political subdivision thereof. 
 “UCC” means the Uniform
Commercial Code as the same is, from time to time, in effect in the State of California; provided, that in the event that, by reason of mandatory provisions of law, any or all of the attachment, perfection or priority of, or remedies with
respect to, Lender’s Lien on any Collateral is governed by the Uniform Commercial Code as the same is, from time to time, in effect in a jurisdiction other than the State of California, then the term “UCC” shall mean the Uniform
Commercial Code as in effect, from time to time, in such other jurisdiction solely for purposes of the provisions thereof relating to such attachment, perfection, priority or remedies and for purposes of definitions related to such provisions.
Unless otherwise defined herein or in the other Loan Documents, terms that are defined in the UCC and used herein or in the other Loan Documents shall, unless the context indicates otherwise, have the meanings given to them in the UCC. 

“Warrant” means the warrant entered into in connection with the Loan. 

1.2. Unless otherwise specified, all references in this Agreement or any Annex or Schedule hereto to a “Section,”
“subsection,” “Exhibit,” “Annex,” or “Schedule” shall refer to the corresponding Section, subsection, Exhibit, Annex, or Schedule in or to this Agreement. Unless otherwise specifically provided herein, any
accounting term used in this Agreement or the other Loan Documents shall have the meaning customarily given such term in accordance with GAAP, and all financial computations hereunder shall be computed in accordance with GAAP, consistently applied.

 SECTION 2. THE LOAN 

2.1. Advances. Subject to the terms and conditions of this Agreement, Lender will make one (1) Advance to Borrower on or about
the Closing Date in an amount equal to (i) $10,000,000 or (ii) such greater amount as Borrower may request, up to the Maximum Loan Amount. If the initial Advance is less than the Maximum Loan Amount, thereafter, at any time through
November 19, 2007, Borrower may request additional Advances in the minimum amount of $5,000,000, up to the difference between the Maximum Loan Amount and the amount of the initial Advance. Notwithstanding the foregoing, upon the closing of the
Initial Public Offering, Borrower may request such additional Advances at any time through February 28, 2008. 
 2.2.
Repayment. The principal balance of each Advance shall bear interest thereon from the Advance Date, precomputed at the Interest Rate based on a year consisting of 360 days, with interest computed daily based on the actual number of days in
each month, through November 30, 2007. The aggregate principal balance outstanding on November 30, 2007, shall be amortized and shall be payable in 33 equal monthly installments of principal and interest beginning December 1, 2007 and
continuing on the first day of each month thereafter. As the Interest Rate is variable, the interest component of each monthly payment may change over the term of the Advance. The entire principal balance and all accrued but unpaid interest
hereunder, shall be due and payable on August 19, 2010. Notwithstanding the foregoing, upon the 
  

 6. 

 closing of the sale of Borrower’s common stock in an underwritten offering pursuant to the Securities
Act of 1933, as amended, generating gross proceeds of at least $40,000,000 (the “Initial Public Offering”), Borrower may make interest-only payments through February 28, 2008, and the aggregate principal balance then outstanding shall
be amortized and be payable in 33 equal monthly installments of principal and interest beginning March 1, 2008, and continuing on the first day of each month thereafter. In such event, the entire principal balance and all accrued but unpaid
interest hereunder, shall be due and payable on November 30, 2010. Borrower shall make all payments under this Agreement without setoff, recoupment or deduction and regardless of any counterclaim or defense. 

2.3. Advance Request. To obtain an Advance, Borrower shall complete, sign and deliver an Advance Request and Note to Lender.
Lender shall fund the Advance in the manner requested by the Advance Request provided that each of the conditions precedent to such Advance is satisfied as of the requested Advance Date. 

2.4. Prepayment. At its option, at any time after August 30, 2007, Borrower may prepay all, but not less than all, of the
outstanding Advances by paying (i) the entire principal balance plus all accrued interest, (ii) the Prepayment Fee, and (iii) all other sums, if any, that shall have become due and payable hereunder or under the Notes. 

2.5. Maximum Interest. Notwithstanding any provision in this Agreement, the Notes, or any other Loan Document, it is the
parties’ intent not to contract for, charge or receive interest at a rate that is greater than the maximum rate permissible by law that a court of competent jurisdiction shall deem applicable hereto (which under the laws of the State of
California shall be deemed to be the laws relating to permissible rates of interest on commercial loans) (the “Maximum Rate”). If a court of competent jurisdiction shall finally determine that Borrower has actually paid to Lender an amount
of interest in excess of the amount that would have been payable if all of the Secured Obligations had at all times borne interest at the Maximum Rate, then such excess interest actually paid by Borrower shall be applied as follows: first, to
the payment of principal outstanding on the Notes; second, after all principal is repaid, to the payment of Lender’s accrued interest, costs, expenses, professional fees and any other Secured Obligations; and third, after all
Secured Obligations are repaid, the excess (if any) shall be refunded to Borrower. 
 2.6. Default Interest. In the event
any payment is not paid within five (5) business days of the scheduled Payment Date, an amount equal to two percent (2%) of the past due amount shall be payable on demand. In addition, upon the occurrence and during the continuation of an
Event of Default hereunder, all Secured Obligations, including principal, interest, compounded interest, and professional fees, shall bear interest at a rate per annum equal to the rate set forth in Section 2.2 plus five percent (5%) per
annum. In the event any interest is not paid when due hereunder, delinquent interest shall be added to principal and shall bear interest on interest, to the extent permitted by law, compounded at the rate set forth in Section 2.2 or
Section 2.6, as applicable. 
 2.7. Mandatory Prepayment. The outstanding amount of all principal and accrued
interest and unpaid interest will become immediately due and payable at Lender’s option (1) upon a Merger, or (2) the sale of substantially all assets of the Borrower outside the ordinary course of business unless otherwise agreed to
in writing by Lender. 
 SECTION 3. SECURITY INTEREST 

3.1. As security for the prompt, complete and indefeasible payment when due (whether on the Payment Dates or otherwise) of all the Secured
Obligations, Borrower grants to Lender a security interest in all of Borrower’s personal property now owned or hereafter acquired, including the following: (collectively, the “Collateral”): (a) Receivables; (b) Equipment;
(c) Fixtures; (d) General Intangibles (other than Intellectual Property); (e) Accounts; (f) Inventory; (g) Investment Property; (h) Deposit Accounts; (i) Cash; (j) Goods and other tangible and intangible
personal property of Borrower whether now or hereafter owned or existing, leased, consigned by or to, or acquired by, Borrower and wherever located; and (k) to the extent 

 

 7. 

 not otherwise included, all Proceeds of each of the foregoing and all accessions to, substitutions and
replacements for, and rents, profits and products of each of the foregoing, provided that Collateral does not include Intellectual Property, but does include any proceeds arising out of the disposition of Intellectual Property. 

SECTION 4. CONDITIONS PRECEDENT TO LOAN 

The obligations of Lender to make the Loan hereunder are subject to the satisfaction by Borrower of the following conditions: 

4.1. Initial Advance. On or prior to the Closing Date, Borrower shall have delivered to Lender the following: 

(a) executed originals of this Agreement, the Loan Documents, the Warrant, Account Control Agreement(s), a legal opinion of
Borrower’s counsel, Joinder Agreements, Guaranties, and all other documents and instruments reasonably required by Lender to effectuate the transactions contemplated hereby or to create and perfect the Liens of Lender with respect to all
Collateral, in all cases in form and substance reasonably acceptable to Lender; 
 (b) certified copy of resolutions of
Borrower’s board of directors evidencing approval of (i) the Loans and other transactions evidenced by the Loan Documents; and (ii) the Warrant and transactions evidenced thereby; 

(c) certified copies of the Certificate of Incorporation and the Bylaws, as amended through the Closing Date, of Borrower; 

(d) a certificate of good standing for Borrower from its state of incorporation and similar certificates from all other jurisdictions in
which it does business and where the failure to be qualified would have a Material Adverse Effect; 
 (e) payment of the
Facility Fee and reimbursement of Lender’s current expenses reimbursable pursuant to Section 11.11, which amounts may at Borrower’s election be deducted from the initial Advance; and 

(f) such other documents as Lender may reasonably request. 

4.2. All Advances. On each Advance Date: 

(a) Lender shall have received (i) an Advance Request for the relevant Advance as required by Section 2.3, duly executed by
Borrower’s Chief Executive Officer or Chief Financial Officer, (ii) a duly executed Note evidencing such Advance, and (iii) any other documents Lender may reasonably request. 

(b) The representations and warranties set forth in this Section 4 and in Section 5 and in the Warrant shall be true and
correct in all material respects on and as of the Advance Date with the same effect as though made on and as of such date, except to the extent such representations and warranties expressly relate to an earlier date. 

(c) Borrower shall be in compliance in all material respects with the terms and provisions set forth herein and in each other Loan
Document on its part to be observed or performed, and at the time of and immediately after such Advance no Event of Default shall have occurred and be continuing. 

(d) Each Advance Request shall be deemed to constitute a representation and warranty by Borrower on the relevant Advance Date as to the
matters specified in paragraphs (b) and (c) of this Section and as to the matters set forth in the Advance Request. 

4.3. No Default. As of the Closing Date and each Advance Date, (i) since the delivery of the most recent financial statements
of Borrower delivered in accordance with Sections 7.1(a)-(c), no fact or condition exists that would constitute an Event of Default and (ii) no event that has had or could reasonably be expected to have a Material Adverse Effect, has occurred
and is continuing. 
  

 8. 

 SECTION 5. REPRESENTATIONS AND WARRANTIES OF BORROWER 

Borrower represents and warrants that: 

5.1. Corporate Status. Borrower is a corporation duly organized, legally existing and in good standing under the laws of the State
of Delaware, and is duly qualified as a foreign corporation in all jurisdictions in which the nature of its business or location of its properties require such qualifications and where the failure to be qualified could reasonably be expected to have
a Material Adverse Effect. Borrower’s present name, former names (if any), locations, place of formation, tax identification number, organizational identification number and other information are correctly set forth in Exhibit C.

 5.2. Collateral. Borrower owns all right, title and interest in and to the Collateral, free of all Liens whatsoever,
except for Permitted Liens. Borrower has the full power and authority to grant and convey to Lender a Lien in the Collateral as security for the Secured Obligations, free of all other Liens other than Permitted Liens. 

5.3. Consents. Borrower’s execution, delivery and performance of the Notes, this Agreement and all other Loan Documents, and
Borrower’s execution of the Warrant, (i) have been duly authorized by all necessary corporate action of Borrower, (ii) will not result in the creation or imposition of any Lien upon the Collateral, other than Permitted Liens and the
Liens created by this Agreement and the other Loan Documents, (iii) do not violate any provisions of Borrower’s Certificate of Incorporation, bylaws, or any, law, regulation, order, injunction, judgment, decree or writ to which Borrower is
subject and (iv) except as described on Schedule 5.3, do not violate any contract or agreement or require the consent or approval of any other Person. The individual or individuals executing the Loan Documents and the Warrant are duly
authorized to do so. 
 5.4. Actions Before Governmental Authorities. Except as described on Schedule 5.4, there
are no actions, suits or proceedings at law or in equity or by or before any governmental authority now pending or, to the knowledge of Borrower, threatened against or affecting Borrower or any business, property or rights of Borrower (i) which
seek to prevent, enjoin, hinder or delay the transactions contemplated by the Loan Documents or (ii) as to which there is a reasonable possibility of an adverse determination and which, if adversely determined, would reasonably be expected to,
individually or in the aggregate, result in a Material Adverse Effect. 
 5.5. Laws. Borrower is not in violation of any
law, rule or regulation, or in default with respect to any judgment, writ, injunction or decree of any governmental authority, where such violation or default is reasonably expected to result in a Material Adverse Effect. Borrower is not in default
in any manner under any provision of any indenture or other agreement, contract or instrument evidencing indebtedness, or any other material agreement, contract or instrument to which it is a party or by which it or any of its properties or assets
are or may be bound and for which such default would reasonably be expected to result in a Material Adverse Effect. 
 5.6.
Information Correct. No information, report, Advance Request, financial statement, exhibit or schedule furnished, by or on behalf of Borrower to Lender in connection with any Loan Document or included therein or delivered pursuant thereto,
contained, contains or will contain any material misstatement of fact or, when taken together with all other such information or documents, omitted, omits or will omit to state any material fact necessary to make the statements therein, in the light
of the circumstances under which they were, are or will be made, not misleading. 
 5.7. Tax Matters. Except as described
on Schedule 5.7, (a) Borrower has filed all federal, state and local tax returns that it is required to file, (b) Borrower has duly paid or fully reserved for all taxes or installments thereof (including any interest or penalties)
as and when due, which have or may become due 
  

 9. 

 pursuant to such returns, and (c) Borrower has paid or fully reserved for any tax assessment received
by Borrower for the three (3) years preceding the Closing Date, if any (including any taxes being contested in good faith and by appropriate proceedings). 

5.8. Intellectual Property Claims. Borrower is the sole owner of, or otherwise has the right to use, the Intellectual Property.
Except as described on Schedule 5.8, to the best of Borrower’s knowledge, each of the material Copyrights, Trademarks and Patents is valid and enforceable, and no part of the Intellectual Property that is owned by Borrower has been
judged invalid or unenforceable, in whole or in part, and no claim has been made to Borrower in writing that any part of the Intellectual Property violates the rights of any third party except to the extent such claim would not reasonably be
expected to cause a Material Adverse Effect. Exhibit D is a true, correct and complete list of each of Borrower’s Patents, registered Trademarks, registered Copyrights, and material agreements under which Borrower licenses
Intellectual Property from third parties (other than shrink-wrap software licenses and other licenses which if terminated could not reasonably be expected to result in a Material Adverse Effect), together with application or registration numbers, as
applicable, owned by Borrower or any Subsidiary. Borrower is not in material breach of, nor has Borrower failed to perform any material obligations under, any of the foregoing contracts, licenses or agreements and, to Borrower’s knowledge, no
third party to any such contract, license or agreement is in material breach thereof or has failed to perform any material obligations thereunder. 

5.9. Intellectual Property. Except as described on Schedule 5.9, Borrower’s Intellectual Property constitutes all
rights used in or necessary in the operation or conduct of Borrower’s business as currently conducted and currently proposed to be conducted by Borrower. 

5.10. Borrower Products. Except as described on Schedule 5.10, no Intellectual Property owned by Borrower or Borrower
Product is subject to any pending or, to the knowledge of Borrower, threatened in writing litigation, proceeding (including any proceeding in the United States Patent and Trademark Office or any corresponding foreign office or agency) or outstanding
decree, order, judgment, settlement agreement or stipulation that restricts in any material respect Borrower’s use, transfer or licensing thereof or that could reasonably be expected to adversely affect the validity, use or enforceability
thereof. There is no outstanding decree, order, judgment, agreement, stipulation, arbitral award or other provision entered into in connection with any litigation or proceeding that obligates Borrower to grant licenses or ownership interest in any
future Intellectual Property related to the operation or conduct of the business of Borrower or Borrower Products. There is no outstanding or, to the knowledge of Borrower, threatened in writing, dispute or disagreement of which Borrower is aware
with respect to any contract, license or agreement between Borrower and any third party related to any material component or portion of the Intellectual Property. 

5.11. Financial Accounts. Schedule 5.11 is a true, correct and complete list of (a) all banks and other financial
institutions at which Borrower or any Subsidiary maintains Deposit Accounts and (b) all institutions at which Borrower or any Subsidiary maintains an account holding Investment Property, and such exhibit correctly identifies the name, address
and telephone number of each bank or other institution, the name in which the account is held, a description of the purpose of the account, and the complete account number therefor. 

5.12. Employee Loans. Borrower has no outstanding loans to any employee, officer or director of the Borrower nor has Borrower
guaranteed the payment of any loan made to an employee, officer or director of the Borrower by a third party. 
 5.13.
Material Adverse Effect. Since the delivery of the most recent financial statements of Borrower delivered in accordance with Sections 7.1(a)-(c), no event that has had or would reasonably be expected to have a Material Adverse Effect has
occurred and is continuing, and Borrower is not aware of any event likely to occur that would reasonably be expected to result in a Material Adverse Effect. 

5.14. Capitalization. Borrower’s capitalization is set forth on Schedule 5.14 annexed hereto. Borrower does not own
any stock, partnership interest or other equity securities of any Person, except for Permitted Investments. Attached as Schedule 1 hereto is a true, correct and complete list of each Subsidiary, and all information set forth on Schedule 1
and Schedule 5.14 is true, correct and complete. 
  

 10. 

 SECTION 6. INSURANCE; INDEMNIFICATION 

6.1. Coverage. So long as there are any Secured Obligations outstanding, Borrower shall cause to be carried and maintained
commercial general liability insurance, on an occurrence form, against risks customarily insured against in Borrower’s line of business. Such risks shall include the risks of bodily injury, including death, property damage, personal injury,
advertising injury, and contractual liability per the terms of the indemnification agreement found in Section 6.3. Borrower must maintain a minimum of Two Million Dollars ($2,000,000.00) of commercial general liability insurance as primary
and/or excess insurance for each occurrence. So long as there are any Secured Obligations outstanding, Borrower shall also cause to be carried and maintained insurance upon the Collateral, insuring against all risks of physical loss or damage
howsoever caused, in an amount not less than the full replacement cost of the Collateral. Borrower shall also carry and maintain a fidelity insurance policy in an amount not less than $150,000, together with directors’ and officers’
insurance on terms customary for companies in Borrower’s line of business and stage of development. 
 6.2.
Certificates. Borrower shall deliver to Lender certificates of insurance that evidence Borrower’s compliance with its insurance obligations in Section 6.1 and the obligations contained in this Section 6.2. Borrower’s
insurance certificate shall state Lender is an additional insured for commercial general liability, an additional insured and a loss payee for all risk property damage insurance, subject to the insurer’s approval, a loss payee for fidelity
insurance, and a loss payee for property insurance and additional insured for liability insurance for any future insurance that Borrower may acquire from such insurer. Attached to the certificates of insurance will be additional insured endorsements
for liability and lender’s loss payable endorsements for all risk property damage insurance. Unless an Event of Default shall have occurred and be continuing, all insurance proceeds shall be paid or turned over to Borrower. All certificates of
insurance will provide for a minimum of thirty (30) days advance written notice to Lender of cancellation. Any failure of Lender to scrutinize such insurance certificates for compliance is not a waiver of any of Lender’s rights, all of
which are reserved. 
 6.3. Indemnity. Borrower shall and does hereby indemnify and hold Lender, its officers, directors,
employees, agents, in-house attorneys, representatives and shareholders harmless from and against any and all claims, costs, expenses, damages and liabilities (including such claims, costs, expenses, damages and liabilities based on liability in
tort, including strict liability in tort), including reasonable attorneys’ fees and disbursements and other costs of investigation or defense (including those incurred upon any appeal), that may be instituted or asserted against or incurred by
Lender or any such Person as the result of credit having been extended, suspended or terminated under this Agreement and the other Loan Documents or the administration of such credit, or in connection with or arising out of the transactions
contemplated hereunder and thereunder, or any actions or failures to act in connection therewith, or arising out of the disposition or utilization of the Collateral, excluding in all cases claims to the extent resulting from Lender’s gross
negligence willful misconduct or breach of its obligations under the Loan Documents. Borrower agrees to pay, and to save Lender harmless from, any and all liabilities with respect to, or resulting from any delay in paying, any and all excise, sales
or other similar taxes (excluding taxes imposed on or measured by the net income of Lender) that may be payable or determined to be payable with respect to any of the Collateral or this Agreement. 

SECTION 7. COVENANTS OF BORROWER 

Borrower agrees as follows: 

7.1. Financial Reports. Borrower shall furnish to Lender the Compliance Certificate in the form of Exhibit F monthly within
30 days after the end of each month and the financial statements listed hereinafter, each prepared in accordance with GAAP, consistently applied (the “Financial Statements”): 

 

 11. 

 (a) as soon as practicable (and in any event within thirty (30) days)
after the end of each month, unaudited interim financial statements as of the end of such month (prepared on a consolidated and consolidating basis, if applicable), including balance sheet and related statements of income and cash flows accompanied
by a report detailing any material contingencies (including the commencement of any material litigation by or against Borrower) or any other occurrence that would reasonably be expected to have a Material Adverse Effect, all certified by
Borrower’s Chief Executive Officer or Chief Financial Officer; 
 (b) as soon as practicable (and in any
event within forty five (45) days) after the end of each calendar quarter, unaudited interim financial statements as of the end of such calendar quarter (prepared on a consolidated and consolidating basis, if applicable), including balance
sheet and related statements of income and cash flows accompanied by a report detailing any material contingencies (including the commencement of any material litigation by or against Borrower) or any other occurrence that would reasonably be
expected to have a Material Adverse Effect, all certified by Borrower’s Chief Executive Officer or Chief Financial Officer; 

(c) as soon as practicable (and in any event within 120 days after the end of each fiscal year), unqualified audited
financial statements as of the end of such year (prepared on a consolidated and consolidating basis, if applicable), including balance sheet and related statements of income and cash flows, and setting forth in comparative form the corresponding
figures for the preceding fiscal year, certified by Ernst & Young LLP or another firm of independent certified public accountants selected by Borrower and reasonably acceptable to Lender, accompanied by any management report from such
accountants; 
 (d) promptly after the sending or filing thereof, as the case may be, copies of any proxy
statements, financial statements, materials or reports that Borrower has made available to holders of its Preferred Stock and copies of any regular, periodic and special reports or registration statements that Borrower files with the Securities and
Exchange Commission or any governmental authority that may be substituted therefor, or any national securities exchange (including on Forms 10Q and 10K) and; 

(e) budgets, operating plans and other financial information reasonably requested by Lender. 

The executed Compliance Certificate may be sent via facsimile to Lender at (650) 473-9194 or via e-mail to
financialstatements@herculestech.com and bjadot@herculestech.com. All Financial Statements required to be delivered pursuant to clauses (a), (b) and (c) shall be sent via e-mail to financial
statements@herculestech.com and bjadot@herculestech.com provided, that if e-mail is not available or sending such Financial Statements via e-mail is not possible, they shall be sent via facsimile to Lender at: (650) 473-9194,
attention Chief Credit Officer, reference AEGERION PHARMACEUTICALS, INC. 
 7.2. Management Rights. Borrower shall permit
any representative that Lender authorizes, including its attorneys and accountants, to inspect the Collateral, examine and make copies and abstracts of the books of account and records of Borrower at reasonable times and upon reasonable prior notice
during normal business hours. In addition, any such representative shall have the right to meet with management and officers of Borrower to discuss such books of account and records. In addition, Lender shall be entitled at reasonable times and
intervals to consult with and advise the management and officers of Borrower concerning significant business issues affecting Borrower. Such inspections or consultations shall not unreasonably interfere with Borrower’s business operations. The
parties intend that the rights granted Lender shall constitute “management rights” within the meaning of 29 C.F.R Section 2510.3-101(d)(3)(ii), but that any advice, recommendations or participation by Lender with respect to any
business issues shall not be deemed to give Lender, nor be deemed an exercise by Lender of, control over Borrower’s management or policies. 
  

 12. 

 7.3. Further Assurances. Borrower shall from time to time execute, deliver and file,
alone or with Lender, any financing statements, security agreements, collateral assignments, notices, control agreements, or other documents reasonably requested by Lender to perfect or give the highest priority to Lender’s Lien on the
Collateral. Borrower shall from time to time provide any instruments or documents as may be reasonably requested by Lender, and take all further action that may be necessary or desirable, or that Lender may reasonably request, to perfect and protect
the Liens granted hereby and thereby. In addition, and for such purposes only, Borrower hereby authorizes Lender to execute and deliver on behalf of Borrower and to file such financing statements, collateral assignments, notices, control agreements,
security agreements and other documents without the signature of Borrower either in Lender’s name or in the name of Lender as agent and attorney-in-fact for Borrower. Borrower shall protect and defend Borrower’s title to the Collateral and
Lender’s Lien thereon against all Persons claiming any interest adverse to Borrower or Lender. 
 7.4. Compromise of
Agreements. Borrower shall not (a) grant any material extension of the time of payment of any of the Receivables or General Intangibles, (b) to any material extent, compromise, compound or settle the same for less than the full amount
thereof, (c) release, wholly or partly, any Person liable for the payment thereof in excess of $100,000 in the aggregate, or (d) allow any credit or discount whatsoever thereon other than trade discounts granted by Borrower in the ordinary
course of business of Borrower. 
 7.5. Indebtedness. Borrower shall not create, incur, assume, guarantee or be or remain
liable with respect to any Indebtedness, or permit any Subsidiary so to do, other than Permitted Indebtedness. 
 7.6.
Collateral. Borrower shall at all times keep the Collateral and all other property and assets used in Borrower’s business or in which Borrower now or hereafter holds any interest free and clear from any legal process or Liens whatsoever
(except for Permitted Liens), and shall give Lender prompt written notice of any legal process affecting the Collateral, such other property and assets, or any Liens thereon. Borrower shall cause its Subsidiaries to protect and defend such
Subsidiary’s title to its assets from and against all Persons claiming any interest adverse to such Subsidiary, and Borrower shall cause its Subsidiaries at all times to keep such Subsidiary’s property and assets free and clear from any
legal process or Liens whatsoever (except for Permitted Liens), and shall give Lender prompt written notice of any legal process affecting such Subsidiary’s assets. 

7.7. Investments. Borrower shall not directly or indirectly acquire or own, or make any Investment in or to any Person, or permit
any of its Subsidiaries so to do, other than Permitted Investments. 
 7.8. Distributions. Borrower shall not, and shall
not allow any Subsidiary to, (a) repurchase or redeem any class of stock or other equity interest other than pursuant to employee, director or consultant repurchase plans stock option plans or agreements, restricted stock agreements or other
similar agreements, provided, however, in each case the repurchase or redemption price does not exceed the original consideration paid for such stock or equity interest, or (b) declare or pay any cash dividend or make a cash distribution on any
class of stock, or (c) lend money to any employee, officer or director or guarantee the payment of any such loan granted by a third party in excess of $200,000 in the aggregate or (d) waive, release or forgive any indebtedness owed by any
employee, officer or director in excess of $200,000 in the aggregate. 
 7.9. Transfers. Except for Permitted Transfers,
Borrower shall not voluntarily or involuntarily transfer, sell, lease, license, lend or in any other manner convey any equitable, beneficial or legal interest in any material portion of its assets. 

7.10. Taxes. Borrower and its Subsidiaries shall pay when due all taxes, fees or other charges of any nature whatsoever (together
with any related interest or penalties) now or hereafter imposed or assessed against Borrower, Lender or the Collateral or upon Borrower’s ownership, possession, use, operation or disposition thereof or upon Borrower’s rents, receipts or
earnings arising therefrom. Borrower shall file on 
  

 13. 

 or before the due date therefor all personal property tax returns in respect of the Collateral.
Notwithstanding the foregoing, Borrower may contest, in good faith and by appropriate proceedings, taxes for which Borrower maintains adequate reserves therefor in accordance with GAAP. 

7.11. Corporate Changes. Neither Borrower nor any Subsidiary shall change its corporate name, legal form or jurisdiction of
formation without twenty (20) days’ prior written notice to Lender. Neither Borrower nor any Subsidiary shall relocate its chief executive office or its principal place of business unless: (i) it has provided prior written notice to
Lender; and (ii) such relocation shall be within the continental United States. Neither Borrower nor any Subsidiary shall relocate any item of Collateral (other than (x) sales of Inventory in the ordinary course of business,
(y) relocations of mobile equipment, or other equipment having an aggregate value of up to $100,000 in any fiscal year, and (z) relocations of Collateral from a location described on Exhibit C to another location described on Exhibit C)
unless (i) it has provided prompt written notice to Lender and (ii) such relocation is within the continental United States. 

7.12. Payments. Lender will initiate debit entries to Borrower’s account as authorized in the ACH Debit Authorization in
substantially the form attached as Exhibit H. 
 7.13. Deposit Accounts. Neither Borrower nor any domestic U.S.
Subsidiary shall maintain any Deposit Accounts (other than payroll, trust or escrow accounts), or accounts holding Investment Property, except with respect to which Lender has a perfected security interest in each such account. 

SECTION 8. RIGHT TO PURCHASE STOCK 

8.1. Lender or its assignee or nominee shall have the right, in its discretion, to purchase shares of Borrower’s securities having an
aggregate purchase price of up to $1,500,000 in connection with the Next Event. Such right shall be upon the same terms and conditions afforded to other investors in the Next Event. 

SECTION 9. EVENTS OF DEFAULT 

The occurrence of any one or more of the following events (herein called “Events of Default”) shall constitute a breach and
default under this Loan Agreement, the Notes, and the other Loan Documents: 
 9.1. Payments. Borrower fails to pay any
amount due under this Agreement, the Notes or any of the other Loan Documents on the due date thereof (the “Payment Date”); or 

9.2. Covenants. Borrower breaches or defaults in the performance of any covenant or Secured Obligation under this Agreement, the
Notes, or any of the other Loan Documents, and (a) with respect to a default under any covenant under this Agreement (other than under Sections 6.1, 7.5, 7.6, 7.7, 7.8 or 7.9) such default continues for more than ten (10) days after the
earlier of the date on which (i) Lender has given notice of such default to Borrower and (ii) Borrower has actual knowledge of such default or (b) with respect to a default under any of Sections 6.1, 7.5, 7.6, 7.7, 7.8 or 7.9, the
occurrence of such default; or 
 9.3. Material Adverse Effect. A circumstance has occurred since the delivery of the
most recent financial statements of Borrower delivered in accordance with Sections 7.1(a)-(c) that would reasonably be expected to have a Material Adverse Effect. 

9.4. Other Loan Documents. The occurrence of any default under the Warrant, any Loan Document, or any agreement between Borrower
and Lender and such default continues for more than ten (10) business days after the earlier of (a) Lender has given notice of such default to Borrower, or (b) Borrower has actual knowledge of such default; or 

9.5. Representations. Any representation or warranty made by Borrower in any Loan Document or in the Warrant shall have been false
or misleading in any material respect when made or deemed made; or 
 9.6. Insolvency. Borrower (a) shall make an
assignment for the benefit of creditors; or (b) shall admit in writing its inability to pay its debts as they become due, or its inability to pay or perform under the 
  

 14. 

 Loan Documents; or (c) shall file a voluntary petition in bankruptcy; or (d) shall file any
petition, answer, or document seeking for itself any reorganization, arrangement, composition, readjustment, liquidation, dissolution or similar relief under any present or future statute, law or regulation pertinent to such circumstances; or
(e) shall seek or consent to or acquiesce in the appointment of any trustee, receiver, or liquidator of Borrower or of all or any substantial part (i.e., 33-1/3% or more) of the assets or property of Borrower; or (f) shall cease operations
of its business as its business has normally been conducted, or terminate substantially all of its employees, or becomes insolvent; or (g) Borrower or its directors or majority shareholders shall take any action initiating any of the foregoing
actions described in clauses (a) through (f); or either (a) sixty (60) days shall have expired after the commencement of an involuntary action against Borrower seeking reorganization, arrangement, composition, readjustment,
liquidation, dissolution or similar relief under any present or future statute, law or regulation, without such action being dismissed or all orders or proceedings thereunder affecting the operations or the business of Borrower being stayed; or
(b) a stay of any such order or proceedings shall thereafter be set aside and the action setting it aside shall not be timely appealed; or (c) Borrower shall file any answer admitting or not contesting the material allegations of a
petition filed against Borrower in any such proceedings; or (d) the court in which such proceedings are pending shall enter a decree or order granting the relief sought in any such proceedings; or thirty (30) days shall have expired after
the appointment, without the consent or acquiescence of Borrower, of any trustee, receiver or liquidator of Borrower or of all or any substantial part of the properties of Borrower without such appointment being vacated; or 

9.7. Attachments; Judgments. Any portion of Borrower’s assets is attached or seized, or a levy is filed against any such
assets, or a judgment or judgments is/are entered for the payment of money, individually or in the aggregate, of at least $250,000, or Borrower is enjoined or in any way prevented by court order from conducting any part of its business; or 

 9.8. Other Indebtedness. The occurrence of any default under any agreement or obligation of Borrower involving any
Indebtedness in excess of $250,000 or that, when aggregated with any other such defaults would reasonably be expected to have a Material Adverse Effect. 

SECTION 10. REMEDIES 

10.1. Upon and during the continuance of any one or more Events of Default, in accordance with applicable law (i) Lender may, at its
option, accelerate and demand payment of all or any part of the Secured Obligations and declare them to be immediately due and payable (provided, that upon the occurrence of an Event of Default of the type described in Section 9.6, the
Notes and all of the Secured Obligations shall automatically be accelerated and made due and payable, in each case without any further notice or act), and (ii) Lender may notify any of Borrower’s account debtors to make payment directly to
Lender, compromise the amount of any such account on Borrower’s behalf and endorse Lender’s name without recourse on any such payment for deposit directly to Lender’s account. Upon and during the continuance of an Event of Default,
the unpaid principal of and accrued interest on the Notes and Advances and all outstanding Secured Obligations, including all professional fees and expenses, shall thereafter bear interest at the Default Rate. Upon and during the continuance of an
Event of Default, Lender may exercise in accordance with applicable law all rights and remedies with respect to the Collateral under the Loan Documents or otherwise available to it under the UCC and other applicable law, including the right to
release, hold, sell, lease, liquidate, collect, realize upon, or otherwise dispose of all or any part of the Collateral and the right to occupy, utilize, process and commingle the Collateral. All Lender’s rights and remedies shall be cumulative
and not exclusive. 
 10.2. Upon the occurrence and during the continuance of any Event of Default, Lender may, at any time or
from time to time, and in accordance with applicable law, apply, collect, liquidate, sell in one or more sales, lease or otherwise dispose of, any or all of the Collateral, in its then condition or following any commercially reasonable preparation
or processing, in such order as Lender may elect. Any such sale may be made either at public or private sale at its place of business or elsewhere. Borrower agrees that any such 

 

 15. 

 public or private sale may occur upon ten (10) calendar days’ prior written notice to Borrower.
Lender may require Borrower to assemble the Collateral and make it available to Lender at a place designated by Lender that is reasonably convenient to Lender and Borrower. The proceeds of any sale, disposition or other realization upon all or any
part of the Collateral shall be applied by Lender in the following order of priorities: 
 First, to Lender in an amount
sufficient to pay in full Lender’s costs and professionals’ and advisors’ fees and expenses as described in Section 11.12; 

Second, to Lender in an amount equal to the then unpaid amount of the Secured Obligations (including principal, interest, and the
Default Rate interest), in such order and priority as Lender may choose in its sole discretion; and 
 Finally, after the
full, final, and indefeasible payment in Cash of all of the Secured Obligations, to any creditor holding a junior Lien on the Collateral, or to Borrower or its representatives or as a court of competent jurisdiction may direct. 

Lender shall be deemed to have acted reasonably in the custody, preservation and disposition of any of the Collateral if it complies with the obligations
of a secured party under the UCC. 
 10.3. Lender shall be under no obligation to marshal any of the Collateral for the benefit
of Borrower or any other Person, and Borrower expressly waives all rights, if any, to require Lender to marshal any Collateral. 

10.4. The rights, powers and remedies of Lender hereunder shall be in addition to all rights, powers and remedies given by statute or
rule of law and are cumulative. The exercise of any one or more of the rights, powers and remedies provided herein shall not be construed as a waiver of or election of remedies with respect to any other rights, powers and remedies of Lender.

 SECTION 11. MISCELLANEOUS 

11.1. Severability. Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and
valid under applicable law, but if any provision of this Agreement shall be prohibited by or invalid under such law, such provision shall be ineffective only to the extent and duration of such prohibition or invalidity, without invalidating the
remainder of such provision or the remaining provisions of this Agreement. 
 11.2. Notice. Except as otherwise provided
herein, any notice, demand, request, consent, approval, declaration, service of process or other communication (including the delivery of Financial Statements) that is required, contemplated, or permitted under the Loan Documents or with respect to
the subject matter hereof shall be in writing, and shall be deemed to have been validly served, given, delivered, and received upon the earlier of: (i) the first business day after transmission by facsimile or hand delivery or deposit with an
overnight express service or overnight mail delivery service; or (ii) the third calendar day after deposit in the United States mails, with proper first class postage prepaid, in each case addressed to the party to be notified as follows:

 (a) If to Lender: 

HERCULES TECHNOLOGY GROWTH CAPITAL, INC. 

Legal Department 

Attention: Chief Legal Officer, Bryan Jadot and Parag Shah 

400 Hamilton Ave. 

Palo Alto, CA 94025 

Facsimile: 650-473-9194 

Telephone: 617-261-6552 
  

 16. 

 (b) If to Borrower: 

AEGERION PHARMACEUTICALS, INC. 

Attention: Will Lewis, Chief Financial Officer 

1140 Route 22 East, Suite 304 

Bridgewater, NJ 08807 

Facsimile: 908-541-1155 

Telephone: 908-704-1300 

With a copy to: 

GOODWIN PROCTER LLP 

Attention: Mark D. Smith 

53 State Street 

Boston, MA 02109 

Facsimile: 617-523-1231 

or to such other address as each party may designate for itself by like notice. 

11.3. Entire Agreement; Amendments. This Agreement, the Notes, and the other Loan Documents constitute the entire agreement and
understanding of the parties hereto in respect of the subject matter hereof and thereof, and supersede and replace in their entirety any prior proposals, term sheets, letters, negotiations or other documents or agreements, whether written or oral,
with respect to the subject matter hereof or thereof (including Lender’s proposal letter dated February 12, 2007). None of the terms of this Agreement, the Notes or any of the other Loan Documents may be amended except by an instrument
executed by each of the parties hereto. 
 11.4. No Strict Construction. The parties hereto have participated jointly in
the negotiation and drafting of this Agreement. In the event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties hereto and no presumption or burden of proof shall arise
favoring or disfavoring any party by virtue of the authorship of any provisions of this Agreement. 
 11.5. No Waiver.
The powers conferred upon Lender by this Agreement are solely to protect its rights hereunder and under the other Loan Documents and its interest in the Collateral and shall not impose any duty upon Lender to exercise any such powers. No omission or
delay by Lender at any time to enforce any right or remedy reserved to it, or to require performance of any of the terms, covenants or provisions hereof by Borrower at any time designated, shall be a waiver of any such right or remedy to which
Lender is entitled, nor shall it in any way affect the right of Lender to enforce such provisions thereafter. 
 11.6.
Survival. All agreements, representations and warranties contained in this Agreement, the Notes and the other Loan Documents or in any document delivered pursuant hereto or thereto shall be for the benefit of Lender and shall survive the
execution and delivery of this Agreement. 
 11.7. Successors and Assigns. The provisions of this Agreement and the other
Loan Documents shall inure to the benefit of and be binding on Borrower and its permitted assigns (if any). Borrower shall not assign its obligations under this Agreement, the Notes or any of the other Loan Documents without Lender’s express
prior written consent, such consent not to be unreasonably withheld, and any such attempted assignment shall be void and of no effect. Lender may assign, transfer, or endorse its rights hereunder and under the other Loan Documents without prior
notice to Borrower, and all of such rights shall inure to the benefit of Lender’s successors and assigns. 
 11.8.
Governing Law. This Agreement, the Notes and the other Loan Documents have been negotiated and delivered to Lender in the State of California, and shall have been accepted by Lender in the State of California. Payment to Lender by Borrower of
the Secured Obligations is due in the State of 
  

 17. 

 California. This Agreement, the Notes and the other Loan Documents shall be governed by, and construed and
enforced in accordance with, the laws of the State of California, excluding conflict of laws principles that would cause the application of laws of any other jurisdiction. 

11.9. Consent to Jurisdiction and Venue. All judicial proceedings (to the extent that the reference requirement of
Section 11.10 is not applicable) arising in or under or related to this Agreement, the Notes or any of the other Loan Documents may be brought in any state or federal court of competent jurisdiction located in the State of California. By
execution and delivery of this Agreement, each party hereto generally and unconditionally: (a) consents to nonexclusive personal jurisdiction in Santa Clara County, State of California; (b) waives any objection as to jurisdiction or venue
in Santa Clara County, State of California; (c) agrees not to assert any defense based on lack of jurisdiction or venue in the aforesaid courts; and (d) irrevocably agrees to be bound by any judgment rendered thereby in connection with
this Agreement, the Notes or the other Loan Documents. Service of process on any party hereto in any action arising out of or relating to this Agreement shall be effective if given in accordance with the requirements for notice set forth in
Section 11.3, and shall be deemed effective and received as set forth in Section 11.3. Nothing herein shall affect the right to serve process in any other manner permitted by law or shall limit the right of either party to bring
proceedings in the courts of any other jurisdiction. 
 11.10. Mutual Waiver of Jury Trial / Judicial Reference.

 (a) Because disputes arising in connection with complex financial transactions are most quickly and economically resolved by
an experienced and expert person and the parties wish applicable state and federal laws to apply (rather than arbitration rules), the parties desire that their disputes be resolved by a judge applying such applicable laws. EACH OF BORROWER AND
LENDER SPECIFICALLY WAIVES ANY RIGHT IT MAY HAVE TO TRIAL BY JURY OF ANY CAUSE OF ACTION, CLAIM, CROSS-CLAIM, COUNTERCLAIM, THIRD PARTY CLAIM OR ANY OTHER CLAIM (COLLECTIVELY, “CLAIMS”) ASSERTED BY BORROWER AGAINST LENDER OR ITS ASSIGNEE
OR BY LENDER OR ITS ASSIGNEE AGAINST BORROWER. This waiver extends to all such Claims, including Claims that involve Persons other than Borrower and Lender; Claims that arise out of or are in any way connected to the relationship between Borrower
and Lender; and any Claims for damages, breach of contract, tort, specific performance, or any equitable or legal relief of any kind, arising out of this Agreement, any other Loan Document. 

(b) If the waiver of jury trial set forth in Section 11.11(a) is ineffective or unenforceable, the parties agree that all Claims
shall be resolved by reference to a private judge sitting without a jury, pursuant to Code of Civil Procedure Section 638, before a mutually acceptable referee or, if the parties cannot agree, a referee selected by the Presiding Judge of the
Santa Clara County, California. Such proceeding shall be conducted in Santa Clara County, California, with California rules of evidence and discovery applicable to such proceeding. 

(c) In the event Claims are to be resolved by judicial reference, either party may seek from a court of competent jurisdiction identified
in Section 11.11, any prejudgment order, writ or other relief and have such prejudgment order, writ or other relief enforced to the fullest extent permitted by law notwithstanding that all Claims are otherwise subject to resolution by judicial
reference. 
  

 18. 

 11.11. Professional Fees. Borrower promises to pay Lender’s reasonable,
documented out-of-pocket fees and expenses necessary to finalize the loan documentation, including but not limited to reasonable, documented attorneys fees, UCC searches, filing costs, and other miscellaneous expenses. In addition, Borrower promises
to pay any and all reasonable invoiced attorneys’ and other professionals’ fees and expenses incurred by Lender after the Closing Date in connection with or related to: (a) the collection or enforcement of the Loan; (c) the
amendment or modification of the Loan Documents; (d) any waiver, consent, release, or termination under the Loan Documents; (e) the protection, preservation, sale, lease, liquidation, or disposition of Collateral or the exercise of
remedies with respect to the Collateral; (f) any legal, litigation, administrative, arbitration, or out of court proceeding in connection with or related to Borrower or the Collateral, and any appeal or review thereof; and (g) any
bankruptcy, restructuring, reorganization, assignment for the benefit of creditors, workout, foreclosure, or other action related to Borrower, the Collateral, the Loan Documents, including representing Lender in any adversary proceeding or contested
matter commenced or continued by or on behalf of Borrower’s estate, and any appeal or review thereof. 
 11.12.
Confidentiality. Lender acknowledges that financial statements provided to Lender by Borrower and certain items of Collateral and other information provided to Lender by Borrower (if and to the extent such other information is marked as
confidential by Borrower at the time of disclosure) are confidential and proprietary information of Borrower (the “Confidential Information”). Accordingly, Lender agrees that any Confidential Information it may obtain in the course of
acquiring, administering, or perfecting Lender’s security interest in the Collateral shall not be disclosed to any other person or entity or used in any manner whatsoever, in whole or in part, without the prior written consent of Borrower,
except that Lender may disclose any such information: (a) to its own directors, officers, employees, accountants, counsel and other professional advisors and to its affiliates if Lender in its sole discretion determines that any such party
should have access to such information in connection with such party’s responsibilities in connection with the Loan or this Agreement and, provided that such recipient of such Confidential Information either (i) agrees to be bound by the
confidentiality provisions of this paragraph or (ii) is otherwise subject to confidentiality restrictions that reasonably protect against the disclosure of Confidential Information; (b) if such information is generally available to the
public; (c) if required or appropriate in any report, statement or testimony submitted to any governmental authority having or claiming to have jurisdiction over Lender; (d) if required or appropriate in response to any summons or subpoena
or in connection with any litigation, to the extent permitted or deemed advisable by Lender’s counsel; (e) to comply with any legal requirement or law applicable to Lender; (f) to the extent reasonably necessary in connection with the
exercise of any right or remedy under any Loan Document, including Lender’s sale, lease, or other disposition of Collateral after the occurrence and during the continuance of an Event of Default; (g) to any participant or assignee of
Lender or any prospective participant or assignee; provided, that such participant or assignee or prospective participant or assignee agrees in writing to be bound by this Section prior to disclosure; or (h) otherwise with the prior
consent of Borrower; provided, that any disclosure made in violation of this Agreement shall not affect the obligations of Borrower or any of its affiliates or any guarantor under this Agreement or the other Loan Documents. 

11.13. Assignment of Rights. Borrower acknowledges and understands that Lender may sell and assign all or part of its interest
hereunder and under the Note(s) and Loan Documents to any person or entity (an “Assignee”). After such assignment the term “Lender” as used in the Loan Documents shall mean and include such Assignee, and such Assignee shall be
vested with all rights, powers and remedies of Lender hereunder with respect to the interest so assigned; but with respect to any such interest not so transferred, Lender shall retain all rights, powers and remedies hereby given. No such assignment
by Lender shall relieve Borrower of any of its obligations hereunder. Lender agrees that in the event of any transfer by it of the Note(s), it will endorse thereon a notation as to the portion of the principal of the Note(s), which shall have been
paid at the time of such transfer and as to the date to which interest shall have been last paid thereon. 
  

 19. 

 11.14. Revival of Secured Obligations. This Agreement and the Loan Documents shall
remain in full force and effect and continue to be effective if any petition is filed by or against Borrower for liquidation or reorganization, if Borrower becomes insolvent or makes an assignment for the benefit of creditors, if a receiver or
trustee is appointed for all or any significant part of Borrower’s assets, or if any payment or transfer of Collateral is recovered from Lender. The Loan Documents and the Secured Obligations and Collateral security shall continue to be
effective, or shall be revived or reinstated, as the case may be, if at any time payment and performance of the Secured Obligations or any transfer of Collateral to Lender, or any part thereof is rescinded, avoided or avoidable, reduced in amount,
or must otherwise be restored or returned by, or is recovered from, Lender or by any obligee of the Secured Obligations, whether as a “voidable preference,” “fraudulent conveyance,” or otherwise, all as though such payment,
performance, or transfer of Collateral had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, avoided, avoidable, restored, returned, or recovered, the Loan Documents and the Secured Obligations shall be
deemed, without any further action or documentation, to have been revived and reinstated except to the extent of the full, final, and indefeasible payment to Lender in Cash. 

11.15. Counterparts. This Agreement and any amendments, waivers, consents or supplements hereto may be executed in any number of
counterparts, and by different parties hereto in separate counterparts, each of which when so delivered shall be deemed an original, but all of which counterparts shall constitute but one and the same instrument. 

11.16. No Third Party Beneficiaries. No provisions of the Loan Documents are intended, nor will be interpreted, to provide or
create any third-party beneficiary rights or any other rights of any kind in any person other than Lender and Borrower unless specifically provided otherwise herein, and, except as otherwise so provided, all provisions of the Loan Documents will be
personal and solely between the Lender and the Borrower. 
 11.17. Specific Performance. The parties hereto hereby
declare that it is impossible to measure in money the damages which will accrue to Lender by reason of Borrower’s failure to perform any of the obligations under this Agreement and agree that the terms of this Agreement shall be specifically
enforceable by Lender. If Lender institutes any action or proceeding to specifically enforce the provisions hereof, any Person against whom such action or proceeding is brought hereby waives the claim or defense therein that Lender has an adequate
remedy at law, and such Person shall not offer in any such action or proceeding the claim or defense that such remedy at law exists. 

11.18. Publicity. Lender may use Borrower’s name and logo, and include a brief description of the relationship between
Borrower and Lender, in Lender’s marketing materials with prior notice thereof to Borrower. 
  

 20. 

 IN WITNESS WHEREOF, Borrower and Lender have duly executed and delivered this Loan and
Security Agreement as of the day and year first above written. 
  

							
		 	BORROWER:	 	AEGERION PHARMACEUTICALS, INC.
				
		 		 	Signature:	 	 /s/ Gerald Wisler

		 		 	Print Name:	 	Gerald Wisler
		 		 	Title:	 	President and CEO
			
	Accepted in Palo Alto, California:	 		 	
			
		 	LENDER:	 	HERCULES TECHNOLOGY GROWTH CAPITAL, INC.
				
		 		 	Signature:	 	 /s/ Scott Harvey

		 		 	Print Name:	 	Scott Harvey
		 		 	Title:	 	Chief Legal Officer

  

 21. 

 Table of Exhibits and Schedules 

 

			
	Exhibit A:	  	Advance Request
		  	Attachment to Advance Request
		
	Exhibit B:	  	Promissory Note
		
	Exhibit C:	  	Name, Locations, and Other Information for Borrower
		
	Exhibit D:	  	Borrower’s Patents, Trademarks, Copyrights and Licenses
		
	Exhibit E:	  	Borrower’s Deposit Accounts and Investment Accounts
		
	Exhibit F:	  	Compliance Certificate
		
	Exhibit G:	  	Joinder Agreement
		
	Exhibit H:	  	ACH Authorization
		
	Schedule 1	  	Subsidiaries
	Schedule 1A	  	Existing Permitted Indebtedness
	Schedule 1B	  	Existing Permitted Investments
	Schedule 1C	  	Existing Permitted Liens
	Schedule 5.3	  	Consents, Etc.
	Schedule 5.5	  	Actions Before Governmental Authorities
	Schedule 5.7	  	Tax Matters
	Schedule 5.8	  	Intellectual Property Claims
	Schedule 5.9	  	Intellectual Property
	Schedule 5.10	  	Borrower Products
	Schedule 5.11	  	Financial Accounts
	Schedule 5.13	  	Capitalization

  

 1. 

 EXHIBIT A 

ADVANCE REQUEST 
  

					
	 To:
	  	Lender:	  	Date:                     , 
2007
		  	Hercules Technology Growth Capital, Inc.	  	
		  	400 Hamilton Avenue	  	
		  	Palo Alto, CA 94301	  	
		  	Facsimile: 650-473-9194	  	
		  	Attn:	  	

 AEGERION PHARMACEUTICALS, INC. (“Borrower”) hereby requests from Hercules Technology Growth Capital,
Inc. (“Lender”) an Advance in the amount of                     Dollars
($            .00) on                     ,
        (the “Advance Date”) pursuant to the Loan and Security Agreement between Borrower and Lender (the “Agreement”). Capitalized words and other terms used but not otherwise
defined herein are used with the same meanings as defined in the Agreement. 
 Please: 

 

					
	(a)	  	Issue a check payable to Borrower	  	______________
			
		  	or	  	
			
	(b)	  	Wire Funds to Borrower’s account	  	______________

					
			
		  	Bank:	  	_____________________
			
		  	Address:	  	____________________________________
			
		  		  	____________________________________
			
		  	ABA Number:	  	____________________________________
			
		  	Account Number:	  	____________________________________
			
		  	Account Name:	  	____________________________________

Borrower represents that the conditions precedent to the Advance set forth in the Agreement are satisfied and shall be satisfied upon the
making of such Advance, including but not limited to: (i) that since the delivery of the most recent financial statements of Borrower delivered in accordance with Sections 7.1(a)-(c), no Material Adverse Effect has occurred and is continuing;
(ii) that the representations and warranties set forth in the Agreement and in the Warrant are and shall be true and correct in all material respects on and as of the Advance Date with the same effect as though made on and as of such date,
except to the extent such representations and warranties expressly relate to an earlier date; (iii) that Borrower is in compliance in all material respects with the terms and provisions set forth in each Loan Document on its part to be observed
or performed; and (iv) that as of the Advance Date, no fact or condition exists that would constitute an Event of Default under the Agreement. Borrower understands and acknowledges that Lender has the right to review the financial information
supporting this representation and, based upon such review in its reasonable discretion, Lender may decline to fund the requested Advance if such representation is not true and correct. 

Borrower hereby represents that Borrower’s corporate status and locations have not changed since the date of this Agreement of, if
the Attachment to this Advance Request is completed, are as set forth in the Attachment to this Advance Request. 
  

 2. 

 Borrower agrees to notify Lender promptly before the funding of the Loan if any of the
matters which have been represented above shall not be true and correct in all material respects on the Advance Date and if Lender has received no such notice before the Advance Date then the statements set forth above shall be deemed to have been
made and shall be deemed to be true and correct as of the Advance Date. 
 Executed as of
                    , 200    . 

 

			
	BORROWER: AEGERION PHARMACEUTICALS, INC.
		
	SIGNATURE:	 	  

	TITLE:	 	Chief Executive Officer or Chief Financial Officer
	PRINT NAME:	 	  

  

 3. 

 ATTACHMENT TO ADVANCE REQUEST 

Dated:                     

 Borrower hereby represents and warrants to Lender that Borrower’s current name and organizational
status is as follows: 
  

			
	Name:	  	Aegerion Pharmaceuticals, Inc.
		
	Type of organization:	  	Corporation
		
	State of organization:	  	Delaware
		
	Organization file number:	  	__________________________

 Borrower hereby represents and
warrants to Lender that the street addresses, cities, states and postal codes of its current locations are as follows: 
  

			
	Chief Executive Office	  	
	and Principal Place of Business:	  	 1140 Route 22 East, Suite 304

Bridgewater, NJ 08807

		
	Locations of Collateral:	  	Same as above

  

 4. 

 EXHIBIT B 

SECURED PROMISSORY NOTE 
  

			
	$15,000,000	 	Advance Date: March 20, 2007
		 	Maturity Date: August     , 2010

FOR VALUE RECEIVED, AEGERION PHARMACEUTICALS, INC., a Delaware corporation, for itself and each of its Subsidiaries (the
“Borrower”) hereby promises to pay to the order of Hercules Technology Growth Capital, Inc., a Maryland corporation or the holder of this Note (the “Lender”) at 400 Hamilton Avenue, Palo Alto, CA 94301 or such other place of
payment as the holder of this Secured Promissory Note (this “Promissory Note”) may specify from time to time in writing, in lawful money of the United States of America, the principal amount of Fifteen Million Dollars ($15,000,000)
together with interest at a floating rate equal to the prime rate as reported in the Wall Street Journal, and if not reported, then the prime rate next reported in the Wall Street Journal, plus two and one-half percentage points (2.50%) per
annum based upon a year consisting of 360 days, with interest computed daily based on the actual number of days in each month. 

This Promissory Note is the Note referred to in, and is executed and delivered in connection with, that certain Loan and Security
Agreement dated March 20, 2007, by and between Borrower and Lender (as the same may from time to time be amended, modified or supplemented in accordance with its terms, the “Loan Agreement”), and is entitled to the benefit and
security of the Loan Agreement and the other Loan Documents (as defined in the Loan Agreement), to which reference is made for a statement of all of the terms and conditions thereof. All payments shall be made in accordance with the Loan Agreement.
All terms defined in the Loan Agreement shall have the same definitions when used herein, unless otherwise defined herein. An Event of Default under the Loan Agreement shall constitute a default under this Promissory Note. Reference to the Loan
Agreement shall not affect or impair the absolute and unconditional obligation of the Borrowers to pay all principal and interest and premium, if any, under this Promissory Note upon demand or as otherwise provided herein 

Borrower waives presentment and demand for payment, notice of dishonor, protest and notice of protest under the UCC or any applicable
law. Borrower agrees to make all payments under this Promissory Note without setoff, recoupment or deduction and regardless of any counterclaim or defense. This Promissory Note has been negotiated and delivered to Lender and is payable in the State
of California. This Promissory Note shall be governed by and construed and enforced in accordance with, the laws of the State of California, excluding any conflicts of law rules or principles that would cause the application of the laws of any other
jurisdiction. 
  

					
	BORROWER FOR ITSELF AND	 		 	
	ON BEHALF OF ITS SUBSIDIARIES:	 	AEGERION PHARMACEUTICALS, INC.
			
		 	By:	 	  

			
		 	Title:	 	  

  

 5. 

 EXHIBIT C 

NAME, LOCATIONS, AND OTHER INFORMATION FOR BORROWER 

1. Borrower represents and warrants to Lender that Borrower’s current name and organizational status as of the Closing Date is as
follows: 
  

			
	Name:	  	Aegerion Pharmaceuticals, Inc.
		
	Type of organization:	  	Corporation
		
	State of organization:	  	Delaware
		
	Organization file number:	  	______________________

 2. Borrower
represents and warrants to Lender that for five (5) years prior to the Closing Date, Borrower did not do business under any other name or organization or form except the following: 

Name: 
 Used
during dates of: 
 Type of Organization: 

State of organization: 

Organization file Number: 

Borrower’s fiscal year ends on December 31 

Borrower’s federal employer tax identification number is:
                             

3. Borrower represents and warrants to Lender that the street addresses, cities, states and postal codes of its current locations as of
the Closing Date are: 
  

			
	Chief Executive Office:	  	1140 Route 22 East, Suite 304
		  	Bridgewater, NJ 08807
		
	Principal Place of Business:	  	Same as above.
		
	Locations of Collateral:	  	Same as above

  

 6. 

 EXHIBIT D 

[To be attached] 
  

 7. 

 EXHIBIT E 

RESERVED 

 EXHIBIT F 

COMPLIANCE CERTIFICATE 

Hercules Technology Growth Capital, Inc. 

400 Hamilton Avenue 

Palo Alto, CA 94301 

Re: Reference is made to that certain Loan and Security Agreement dated March 20, 2007 and all ancillary documents entered into in
connection with such Loan and Security Agreement all as may be amended from time to time, (hereinafter referred to collectively as the “Loan Agreement”) between Hercules Technology Growth Capital, Inc. (“Hercules”) as Lender and
Aegerion Pharmaceuticals, Inc. (the “Company”) as Borrower. All capitalized terms not defined herein shall have the same meaning as defined in the Loan Agreement. 

Gentlemen: 

The undersigned is an Officer of the Company, knowledgeable of all Company financial matters, and is authorized to provided certification
of information regarding the Company; hereby certifies that in accordance with the terms and conditions of the Loan Agreement, the Company is in compliance in all material respects for the period ending
                     of all covenants, conditions and terms and hereby reaffirms that all representations and warrants contained therein are
true and correct in all material respects on and as of the date of this Compliance Certificate with the same effect as though made on and as of such date, except to the extent such representations and warranties expressly relate to an earlier date,
after giving effect in all cases to any standard(s) of materiality contained in the Loan Agreement as to such representations and warranties. Attached are the required documents supporting the above certification. The undersigned further certifies
that these are prepared in accordance with GAAP (except for the absence of footnotes with respect to unaudited financial statement and subject to normal year end adjustments) and are consistent from one period to the next except as explained below.

  

					
	 REPORTING REQUIREMENT
	  	 REQUIRED
	  	 CHECK IF ATTACHED

	 Interim Financial Statements
	  	 Monthly within 30 days
	  	
	 Interim Financial Statements
	  	 Quarterly within 45 days
	  	
	 Audited Financial Statements
	  	 FYE within 120 days
	  	

  

			
	 Very Truly Yours,

		
	 By:
	 	  

	 Name:
	 	  

	 Its:
	 	  

  

 20. 

 EXHIBIT G 

FORM OF JOINDER AGREEMENT 

JOINDER AGREEMENT 

This Joinder Agreement (the “Joinder Agreement”) is made and dated as of March 20, 2007, and is entered into by and
between                      (“Subsidiary”), and HERCULES TECHNOLOGY GROWTH CAPITAL, INC., a Maryland corporation, as a Lender.

 RECITALS 

A. Subsidiary’s Affiliate, Aegerion Pharmaceuticals, Inc. (“Company”) desires to enter into that certain Loan and Security
Agreement dated March 20, 2007, with Lender, as such agreement may be amended (the “Loan Agreement”), together with the other agreements executed and delivered in connection therewith; 

B. Subsidiary acknowledges and agrees that it will benefit both directly and indirectly from Company’s execution of the Loan
Agreement and the other agreements executed and delivered in connection therewith; 
 AGREEMENT 

NOW THEREFORE, Subsidiary and Lender agree as follows: 
  

	1.	The recitals set forth above are incorporated into and made part of this Joinder Agreement. Capitalized terms not defined herein shall have the meaning provided in the
Loan Agreement. 

  

	2.	By signing this Joinder Agreement, Subsidiary shall be bound by the terms and conditions of the Loan Agreement the same as if it were the Borrower (as defined in the
Loan Agreement) under the Loan Agreement, mutatis mutandis, provided however, that Lender shall have no duties, responsibilities or obligations to Subsidiary arising under or related to the Loan Agreement or the other agreements executed and
delivered in connection therewith. Rather, to the extent that Lender has any duties, responsibilities or obligations arising under or related to the Loan Agreement or the other agreements executed and delivered in connection therewith, those duties,
responsibilities or obligations shall flow only to Company and not to Subsidiary or any other person or entity. By way of example (and not an exclusive list): (a) Agent or a Lender’s providing notice to Company in accordance with the Loan
Agreement or as otherwise agreed between Company and Lender shall be deemed provided to Subsidiary; (b) a Lender’s providing an Advance to Company shall be deemed an Advance to Subsidiary; and (c) Subsidiary shall have no right to
request an Advance or make any other demand on Agent or a Lender. 

  

									
		  	SUBSIDIARY:	  	  
	  	
					
		  		  	By:	  	  
	  	
		  		  	Name:	  	  
	  	
		  		  	Title:	  	  
	  	
					
		  		  	Address:	  	  
	  	
					
		  		  	Telephone:	  	  
	  	
		  		  	Facsimile:	  	  
	  	

  

 21. 

									
			
		  	HERCULES TECHNOLOGY GROWTH CAPITAL, INC.	  	
					
		  		  	By:	  	  
	  	
		  		  	Name:	  	  
	  	
		  		  	Title:	  	  
	  	
					
		  		  	Address:	  		  	
				
		  		  	 400 Hamilton Avenue
	  	
		  		  	 Palo Alto, CA 94301
	  	
		  		  	 Facsimile: 650-473-9194
	  	
		  		  	 Telephone: 650-289-3060
	  	

  

 22. 

 EXHIBIT H 

FORM OF 

ACH DEBIT AUTHORIZATION AGREEMENT 

Hercules Technology Growth Capital, Inc. 
 400
Hamilton Avenue, Suite 310 
 Palo Alto, CA 94301 

Re: Loan and Security Agreement dated March __, 2007 between AEGERION 

PHARMACEUTICALS, INC. (“Borrower”) and Hercules Technology Growth Capital, Inc. 

(“Company”) (the “Agreement”) 

In connection with the above referenced Agreement, the Borrower hereby authorizes the Company to initiate debit entries for the periodic payments due
under the Agreement to the Borrower’s account indicated below. The Borrower authorizes the depository institution named below to debit to such account. 
  

			
	DEPOSITORY NAME	 	BRANCH
		
	CITY	 	STATE AND ZIP CODE
		
	TRANSIT/ABA NUMBER	 	ACCOUNT NUMBER

 This
authority will remain in full force and effect so long as any amounts are due under the Agreement. 
  

			
	AEGERION PHARMACEUTICALS, INC.
		
	By:	 	  

	Date:	 	  

 FIRST AMENDMENT 

TO 
 LOAN
AND SECURITY AGREEMENT 
 THIS FIRST AMENDMENT TO
LOAN AND SECURITY AGREEMENT (this “Amendment”) is entered into as of September 29, 2008, by and between HERCULES
TECHNOLOGY GROWTH CAPITAL, INC. (“Lender”) and AEGERION PHARMACEUTICALS, INC., a Delaware corporation, and each of its subsidiaries that becomes a party
to the Agreement, (hereinafter collectively referred to as the “Borrower”). 
 RECITALS 

 Borrower and Lender are parties to that certain Loan and Security Agreement dated as of March 20, 2007 (the
“Agreement”). Borrower has asked Lender to refinance the outstanding principal balance under the Agreement. This Amendment makes those changes, and others set forth below. Unless otherwise defined herein, capitalized terms in this
Amendment shall have the meanings assigned in the Agreement. 
 NOW,
THEREFORE, the parties agree as follows: 
 1. The following definitions in
Section 1.1 of the Agreement are added or amended to read as follows: 
 “Amendment Date” means the date of this
Amendment. 
 “Interest Rate” means for any day, the greater of (i) 9.55% per annum or (ii) 2.50% plus
the Prime Rate reported in The Wall Street Journal. 
 “Maturity Date” means September 1, 2011, provided
that if the repayment period is extended pursuant to Section 2.2, Maturity Date will be December 1, 2011. 

“Prepayment Fee” means an amount equal to (i) for a prepayment made on or before the first anniversary of the Amendment
Date, 2.0% of the remaining principal amount prepaid, (ii) for a prepayment made after the first anniversary, but on or before the second anniversary of the Amendment Date, 1.0% of the principal amount prepaid, and (iii) for a prepayment
made after the second anniversary of the Amendment Date, but before the Maturity Date, 0.5% of the remaining principal amount prepaid. Notwithstanding the foregoing, if Borrower completes an Initial Public Offering by March 31, 2009, the
Prepayment Fee shall be $0 for any Advance prepaid by March 31, 2009. 
 2. Sections 2.1 and 2.2 are amended to read
as follows: 
 2.1 Advance. Lender will make one (1) Advance to Borrower on or about the Amendment Date in an
amount equal to $7,525,000. Borrower shall use the first proceeds of the Advance to repay all amounts owing to Lender under the Agreement as of the Amendment Date. 

2.2 Repayment. Beginning on the date of the Advance, and continuing for so long as the Advance is outstanding, Borrower
shall pay interest on the Advance on the first day of each month at a rate equal to the Interest Rate based on a year consisting of 360 days, with interest computed daily based on the actual number of days in each month. The aggregate principal
balance outstanding on March 31, 2009, shall be amortized and shall be payable in 30 equal monthly installments of principal and interest, the first payment being due on April 1, 2009, and continuing on the first day of each month
thereafter; provided that if before April 1, 2009, Borrower receives at least $20,000,000 of proceeds from the sale of its equity securities or as an up-front payment on a corporate collaboration agreement, then the aggregate principal
balance shall be amortized and payable in 30 equal monthly installments of principal and interest, the first payment being due on July 1, 2009, and continuing on the first day of each month thereafter. As the Interest Rate is variable, the
interest component of each monthly payment may change over the term of the Advance. Borrower shall make all payments under this Agreement without setoff, recoupment or deduction and regardless of any counterclaim or defense. As partial evidence of
the Advance, Borrower shall deliver to Lender a promissory note in substantially the form attached hereto. Lender is authorized to 

 

 34. 

 
record in its books and records the date and amount of the Advance made by Lender, and the date and amount of each payment of principal thereof, and any such recordation shall constitute prima
facie evidence of the accuracy of the information so recorded; provided that failure by Lender to effect such recordation shall not affect Borrower’s obligations hereunder. 

3. Section 2.8 is added to the Agreement, to read as follows: 

2.8 End of Term Charge. On the earliest to occur of (i) the Maturity Date, (ii) the date that Borrower prepays the
outstanding Obligations, or (iii) the date the Obligations become due and payable, Borrower shall pay Lender a fee of $301,000. 

4. Notwithstanding anything to the contrary contained in that certain Warrant Agreement to purchase shares of Series A Preferred
Stock dated as of March 20, 2007 (the “Warrant Agreement”), the amount advanced to the Borrower under this Amendment shall not be deemed to be an “Advance” under the Warrant Agreement, it being agreed that for purposes of
the Warrant Agreement “Advance” shall mean only that amount advanced under the Agreement to date, or $10,000,000. Borrower and Lender hereby agree to amend and restate the Warrant Agreement as mutually agreed in order to give effect to the
foregoing. 
 5. Unless otherwise defined, all initially capitalized terms in this Amendment shall be as defined in the
Agreement. The Agreement, as amended hereby, shall remain in full force and effect in accordance with its terms. Except as expressly set forth herein, the execution, delivery, and performance of this Amendment shall not operate as a waiver of, or as
an amendment of, any right, power, or remedy of Lender under the Loan Documents, as in effect prior to the date hereof. This Amendment does not constitute a novation. 

6. Except as set forth on the attached Schedule I, (i) the representations and warranties set forth in the Agreement are true
and correct in all material respects on the date hereof with the same effect as though made on and as of such date, except to the extent such representations and warranties expressly relate to an earlier date, and (ii) an Event of Default is
not continuing 
 7. This Amendment may be executed in two or more counterparts, each of which shall be deemed an
original, but all of which together shall constitute one instrument. 
 8. As a condition to the effectiveness of this
Amendment, Lender shall have received, in form and substance satisfactory to Lender, the following: 
 (a) this
Amendment, duly executed by Borrower; 
 (b) Corporate Resolutions to Borrow; 

(c) payment of an amount equal to the Lender Expenses incurred in connection with this Amendment. 

IN WITNESS WHEREOF, the undersigned have executed this Amendment as of
the first date above written. 
  

			
	 AEGERION PHARMACEUTICALS, INC.

		
	By:	 	 /s/ William H. Lewis

	Title:	 	Chief Financial Officer
	
	 HERCULES TECHNOLOGY GROWTH CAPITAL, INC.

		
	By:	 	 /s/ K. Nicholas Martitsch

	Title:	 	Associate General Counsel

  

 35. 

 TERM NOTE 
  

			
	 $7,525,000
	 	September 29, 2008

 FOR
VALUE RECEIVED, AEGERION PHARMACEUTICALS, INC., a Delaware corporation, for itself and each of its Subsidiaries (the “Borrower”) hereby promises to pay to the order of Hercules Technology Growth Capital, Inc., a Maryland corporation or the
holder of this Note (the “Lender”) at 400 Hamilton Avenue, Suite 310, Palo Alto, CA 94301 or such other place of payment as the holder of this Secured Promissory Note (this “Promissory Note”) may specify from time to time in
writing, in lawful money of the United States of America, the principal amount of $7,525,000 or such other principal amount as Lender has advanced to Borrower, together with interest as set forth in the Loan Agreement. 

This Promissory Note is the Note referred to in, and is executed and delivered in connection with, that certain First Amendment to Loan
and Security Agreement dated as of September 29, 2008, by and between Borrower and Lender (as the same may from time to time be amended, modified or supplemented in accordance with its terms, the “Loan Agreement”), and is entitled to
the benefit and security of the Loan Agreement and the other Loan Documents (as defined in the Loan Agreement), to which reference is made for a statement of all of the terms and conditions thereof. All payments shall be made in accordance with the
Loan Agreement. All terms defined in the Loan Agreement shall have the same definitions when used herein, unless otherwise defined herein. An Event of Default under the Loan Agreement shall constitute a default under this Promissory Note. Reference
to the Loan Agreement shall not affect or impair the absolute and unconditional obligation of the Borrowers to pay all principal and interest and premium, if any, under this Promissory Note upon demand or as otherwise provided herein 

Borrower waives presentment and demand for payment, notice of dishonor, protest and notice of protest under the UCC or any applicable
law. Borrower agrees to make all payments under this Promissory Note without setoff, recoupment or deduction and regardless of any counterclaim or defense. This Promissory Note has been negotiated and delivered to Lender and is payable in the State
of California. This Promissory Note shall be governed by and construed and enforced in accordance with, the laws of the State of California, excluding any conflicts of law rules or principles that would cause the application of the laws of any other
jurisdiction. 
  

							
	BORROWER FOR ITSELF AND	 		 		 	
	 ON BEHALF OF ITS SUBSIDIARIES:
	 		 	 AEGERION PHARMACEUTICALS, INC.

				
		 		 	By:	 	  

		 		 	Name:	 	  

		 		 	Title:	 	  

  

 CORPORATE RESOLUTIONS TO BORROW 

 
  

Borrower: AEGERION PHARMACEUTICALS, INC. 
  

 
 I, the undersigned Secretary or
Assistant Secretary of AEGERION PHARMACEUTICALS, INC. (the “Corporation”), HEREBY CERTIFY in the name and on behalf of the Corporation that the Corporation is organized and existing under
and by virtue of the laws of the State of Delaware. 
 I FURTHER CERTIFY in
the name and on behalf of the Corporation that at a meeting of the Directors of the Corporation duly called and held, at which a quorum was present and voting, (or by other duly authorized corporate action in lieu of a meeting), the following
resolutions were adopted. 
 BE IT RESOLVED, that any one (1) of the
following named officers, employees, or agents of this Corporation, whose actual signatures are shown below: 
  

					
	 NAMES
	 	 POSITION
	 	 ACTUAL SIGNATURES

	 William H. Lewis
	 	 Chief Financial Officer
	 	 /s/ William H. Lewis

			
	  
	 	  
	 	  

			
	  
	 	  
	 	  

			
	  
	 	  
	 	  

acting for and on behalf of this Corporation and as its act and deed be, and they hereby are, authorized and empowered:

 EXECUTE AMENDMENT. To execute and deliver to Hercules Technology Growth
Capital, Inc. (“Lender”) that certain First Amendment to Loan and Security Agreement (the “Amendment”) substantially in the form attached hereto and any related documents, and also to execute and deliver to Lender one or more
renewals, extensions, modifications, consolidations, or substitutions therefor. 
 BORROW
MONEY. To borrow from time to time from Lender, on such terms as may be agreed upon between the officers, employees, or agents of the Corporation and Lender, such sum or sums of money as in their judgment should be
borrowed, without limitation. 
 FURTHER ACTS. To do and perform such other
acts and things, to pay any and all fees and costs, and to execute and deliver such other documents and agreements as they may in their discretion deem reasonably necessary or proper in order to carry into effect the provisions of these Resolutions.

 BE IT FURTHER RESOLVED, that any and all
acts authorized pursuant to these resolutions and performed prior to the passage of these resolutions are hereby ratified and approved, that these Resolutions shall remain in full force and effect and Lender may rely on these Resolutions until
written notice of their revocation shall have been delivered to and received by Lender. Any such notice shall not affect any of the Corporation’s agreements or commitments in effect at the time notice is given. 

I FURTHER CERTIFY in the name and on behalf of the Corporation that the officers,
employees, and agents named above are duly elected, appointed, or employed by or for the Corporation, as the case may be, and occupy the positions set forth opposite their respective names; that the foregoing Resolutions now stand of record on the
books of the Corporation; and that the Resolutions are in full force and effect and have not been modified or revoked in any manner whatsoever. 

 I FURTHER CERTIFY in the name and on
behalf of the Corporation that attached hereto are true and correct copies of the Certificate of Incorporation and Bylaws of the Corporation. 

IN WITNESS WHEREOF, I have hereunto set my hand on September __, 2008
and attest that the signatures set opposite the names listed above are their genuine signatures. 
  

			
	 CERTIFIED TO AND ATTESTED BY:

		
	X	 	 /s/ Christine Pellizzari

 

 FIRST AMENDMENT TO 

LOAN AND SECURITY AGREEMENT 
  

 
 SCHEDULE I

  
  

Aegerion Pharmaceuticals, Inc. (“Aegerion” or “Borrower”) has prepared the schedules in this Schedule I pursuant to the First
Amendment to Loan and Security Agreement, dated September 29, 2008 (the “Amendment”), between Borrower and Hercules Technology Growth Capital, Inc. (“Lender”). Descriptive headings in the Schedules are inserted only for
reference purposes and for convenience of the reader. Capitalized terms used but not defined in this Schedule I shall have the meanings assigned to them in the Loan and Security Agreement, dated March 20, 2007 (the “Agreement”),
between Borrower and Lender. 
 The schedules contained in this Schedule I update the schedules prepared by Aegerion and delivered to Lender on
the Closing Date. If the disclosure provided by the Borrower in the schedules is in greater detail than is required by the particular representation and warranty of Borrower in Section 5 of the Agreement, such disclosure is not an admission by
Borrower that it believes the disclosed information is material or not in the ordinary course of business. Furthermore, a threshold of materiality being provided by Borrower on a particular section of the schedules, if any, is not intended to be an
indication of the threshold of materiality for any other section of the schedules or for any purpose under the Agreement. Nothing in the schedules constitutes an admission of any liability or obligation of Borrower to any third party or an admission
against the interest of Borrower. 
 This Schedule I is accurate and complete as of the date of the Agreement. Disclosure in one section of
Schedule I shall constitute disclosure for all sections hereof, to the extent that the applicability of such disclosure is manifestly apparent. 

 Schedule 1 

Subsidiaries 
 None.

  

 Schedule 1A 

Existing Permitted Indebtedness 

The Company has issued Senior Subordinated Promissory Notes in the aggregate principal amount of $3,814,759.51 pursuant to a Note Purchase Agreement
dated September 2, 2008 (the “Note Purchase Agreement”). Pursuant to the Note Purchase Agreement, the Company may issue up to an additional $4,935,240.49 of Senior Subordinated Promissory Notes. 

 

 Schedule 1B 

Existing Permitted Investments 

Aegerion makes investments pursuant to the Investment Policy & Guidelines approved by its Board of Directors, a copy of which has been provided
to the Lender. 
  

 Schedule 1C 

Existing Permitted Liens 

None. 
  

 Schedule 5.3 

Consents 
 The holders of
Aegerion’s Preferred Stock have certain rights upon the issuance by Aegerion of new securities. Aegerion obtained a waiver of these rights prior to the original Closing Date. No further consent was required in connection with Aegerion’s
execution, delivery and performance of the First Amendment. 
  

 Schedule 5.5 

Actions Before Governmental Authorities 

None. 
  

 Schedule 5.7 

Tax Matters 
 None.

 Schedule 5.8 

Intellectual Property Claims 

On September 27, 2006, Aegerion entered into a Settlement and Cross-License Agreement with The Trustees of the University of Pennsylvania and Pfizer
Inc. of New York (“Pfizer”) to settle an interference declared by the U.S. Patent & Trademark Office between a U.S. patent application owned by Pfizer and an issued U.S. patent licensed to Aegerion by UPenn. There are no payments
due to or from Aegerion under the Settlement and Cross-License Agreement. The cross-licenses granted by the parties under the Settlement and Cross-License Agreement are perpetual and irrevocable. 

 Schedule 5.9 

Intellectual Property 

None. 

 Schedule 5.10 

Borrower Products 
 None.

 Schedule 5.11 

Financial Accounts 
  

	1.	Bank: Commerce Bank, NA 

Account: 2759500016 – INVESTMENT ACCOUNT (USD) 

 

	2.	Bank: Commerce Bank, NA 

Account: 7861047020 – PAYROLL ACCOUNT (USD) 
  

	3.	Bank: Commerce Bank, NA 

Account: 7861047038 – OPERATING ACCOUNT (USD) 
  

	4.	Bank: Lehman Brothers 

Account: 831-03415-1-9-654 – BROKERS’ ACCOUNT 

 

	5.	The Company has granted a limited power of attorney to Hercules Technology Growth Capital, Inc. pursuant to the ACH Debt Authorization Agreement dated March 20,
2007. 

  

	6.	Bank: Commerce Bank, NA 

Account: 7867050507 – AEGERION PHARMACEUTICALS, INC. 

 Schedule 5.14 

Capitalization 
 Aegerion
is authorized to issue 30,000,000 shares of Common Stock and 19,650,000 shares of Preferred Stock, of which 13,000,000 shares are designated Series A Convertible Preferred Stock and 6,650,000 shares are designated Series B Convertible Preferred
Stock. 
  

							
	 	  	Common Stock	  	Series A
Preferred Stock	  	Series B
Preferred Stock
	 Outstanding
	  	4,424,108	  	12,211,604	  	3,810,773
				
	 Outstanding Warrants
	  		  	118,715	  	
	 Outstanding Options
	  	841,008	  		  	
	 Options Available for Grant

 
	  	619,145  
	  		  	
		  	 	  	 	  	 
	 TOTAL Outstanding with Options
	  	5,884,261	  	12,330,319	  	3,810,773
		  	 	  	 	  	 

 SECOND AMENDMENT 

TO 
 LOAN
AND SECURITY AGREEMENT 
 THIS SECOND AMENDMENT TO
LOAN AND SECURITY AGREEMENT (this “Amendment”) is entered into as of July 2, 2009, by and between HERCULES
TECHNOLOGY GROWTH CAPITAL, INC. (“Lender”) and AEGERION PHARMACEUTICALS, INC., a Delaware corporation, and each of its subsidiaries that becomes a party to the
Agreement, (hereinafter collectively referred to as the “Borrower”). 
 RECITALS

 Borrower and Lender are parties to that certain Loan and Security Agreement dated as of March 20, 2007, as amended
by a First Amendment to Loan and Security Agreement dated as of September 29, 2008 (the “Agreement”). One or more Events of Default (the “Existing Defaults”) occurred under the Agreement, pursuant to which Lender
delivered Notices of Default to Borrower dated May 5, 2009 and May 20, 2009. The Existing Defaults are specified in those Notices. Lender has agreed to forbear from exercising remedies arising out of the Existing Defaults, and to make
certain changes to the Agreement and the Warrant, on the terms set forth below. Unless otherwise defined herein, capitalized terms in this Amendment shall have the meanings assigned in the Agreement. 

NOW, THEREFORE, the parties agree as follows: 

9. The following definition in Section 1.1 of the Agreement is amended to read as follows: “Interest Rate” means
for any day, the greater of (i) 11.00% per annum or (ii) 2.50% plus the Prime Rate reported in The Wall Street Journal. 

10. Lender shall forbear from exercising any remedies that it may have as a result of the occurrence of the Existing Defaults from
the date hereof through November 30, 2009 (the “Forbearance Period”). The Forbearance Period shall be extended through December 31, 2009 upon Lender’s receipt of a term sheet on terms acceptable to Lender, accepted by
Borrower, providing for the issuance of Borrower’s equity securities in a financing that will generate proceeds to Borrower of at least $20,000,000 (the “Equity Event”). This forbearance does not constitute a waiver of any Event of
Default, a continuing waiver, a course of conduct of forbearing from exercising remedies, or a consent to Borrower’s failure to perform any obligation under the Agreement. 

11. Section 2.8 is amended, to read as follows: 

2.8 End of Term Charge. On the earliest to occur of (i) the Maturity Date, (ii) the date that Borrower prepays the
outstanding Obligations, or (iii) the date the Obligations become due and payable, Borrower shall pay Lender a fee of $525,000. 

12. Section 3.1 is amended to read as follows: 

3.1 As security for the prompt, complete and indefeasible payment when due (whether on the Payment Dates or otherwise) of all the Secured
Obligations, Borrower grants to Lender a security interest in all of Borrower’s personal property now owned or hereafter acquired, including the following: (collectively, the “Collateral”): (a) Receivables; (b) Equipment;
(c) Fixtures; (d) General Intangibles (including Intellectual Property); (e) Accounts; (f) Inventory; (g) Investment Property; (h) Deposit Accounts; (i) Cash; (j) Goods and other tangible and intangible
personal property of Borrower whether now or hereafter owned or existing, leased, consigned by or to, or acquired by, Borrower and wherever located; and (k) to the extent not otherwise included, all Proceeds of each of the foregoing and all
accessions to, substitutions and replacements for, and rents, profits and products of each of the foregoing. Upon Borrower’s receipt of at least $20,000,000 of proceeds from the Equity Event, Lender shall release the Intellectual Property from
the Collateral, and shall file, at Borrower’s expense, such releases, reconveyances or terminations as Borrower reasonably requests to evidence that release, provided that Collateral shall continue to include any proceeds arising out of the
disposition of Intellectual Property. 

 13. Unless otherwise defined, all initially capitalized terms in this Amendment shall
be as defined in the Agreement. The Agreement, as amended hereby, shall remain in full force and effect in accordance with its terms. Except as expressly set forth herein, the execution, delivery, and performance of this Amendment shall not operate
as a waiver of, or as an amendment of, any right, power, or remedy of Lender under the Loan Documents, as in effect prior to the date hereof. This Amendment does not constitute a novation. 

14. Except as set forth on the attached Schedule, (i) the representations and warranties set forth in the Agreement are true
and correct in all material respects on the date hereof with the same effect as though made on and as of such date, except to the extent such representations and warranties expressly relate to an earlier date, and (ii) except for the Existing
Default, an Event of Default is not continuing 
 15. This Amendment may be executed in two or more counterparts, each of
which shall be deemed an original, but all of which together shall constitute one instrument. 
 16. As a condition to
the effectiveness of this Amendment, Lender shall have received, in form and substance satisfactory to Lender, the following: 

(a) this Amendment, duly executed by Borrower; 

(b) an Amendment to Warrant Agreement; 

(c) an Intellectual Property Security Agreement; 

(d) evidence satisfactory to Lender that Borrower has received at least $4,600,000 of proceeds on or about the date of this
Amendment from the issuance of Subordinated Debt on terms reasonably acceptable to Lender; 
 (e) Corporate Resolutions
to Borrow; 
 (f) payment of a fee of $15,000 plus an amount equal to the Lender Expenses incurred in connection with
this Amendment. 
 IN WITNESS WHEREOF, the undersigned have
executed this Amendment as of the first date above written. 
  

			
	AEGERION PHARMACEUTICALS, INC.
		
	 By:
	 	 /s/ William H. Lewis

	 Title:
	 	  

	
	 HERCULES TECHNOLOGY GROWTH CAPITAL, INC.

		
	 By:
	 	 /s/ K. Nicholas Martitsch

	 Title:
	 	Associate General Counsel

 CORPORATE RESOLUTIONS TO BORROW 

 
  

Borrower: AEGERION PHARMACEUTICALS, INC. 
  

 
 I, the undersigned Secretary or
Assistant Secretary of AEGERION PHARMACEUTICALS, INC. (the “Corporation”), HEREBY CERTIFY in the name and on behalf of the Corporation that the Corporation is organized and existing under
and by virtue of the laws of the State of Delaware. 
 I FURTHER CERTIFY in
the name and on behalf of the Corporation that at a meeting of the Directors of the Corporation duly called and held, at which a quorum was present and voting, (or by other duly authorized corporate action in lieu of a meeting), the following
resolutions were adopted. 
 BE IT RESOLVED, that any one (1) of the
following named officers, employees, or agents of this Corporation, whose actual signatures are shown below: 
  

					
	 NAMES
	  	 POSITION
	  	 ACTUAL SIGNATURES

	 William Lewis
	  	 Chief Financial Officer
	  	 /s/ William Lewis

			
	  
	  	  
	  	  

			
	  
	  	  
	  	  

			
	  
	  	  
	  	  

acting for and on behalf of this Corporation and as its act and deed be, and they hereby are, authorized and empowered: 

EXECUTE AMENDMENT. To execute and deliver to Hercules Technology Growth Capital, Inc.
(“Lender”) that certain Second Amendment to Loan and Security Agreement (the “Amendment”) substantially in the form attached hereto and any related documents, and also to execute and deliver to Lender one or more renewals,
extensions, modifications, consolidations, or substitutions therefor. 
 BORROW
MONEY. To borrow from time to time from Lender, on such terms as may be agreed upon between the officers, employees, or agents of the Corporation and Lender, such sum or sums of money as in their judgment should be
borrowed, without limitation. 
 FURTHER ACTS. To do and perform such other
acts and things, to pay any and all fees and costs, and to execute and deliver such other documents and agreements as they may in their discretion deem reasonably necessary or proper in order to carry into effect the provisions of these Resolutions.

 BE IT FURTHER RESOLVED, that any and all
acts authorized pursuant to these resolutions and performed prior to the passage of these resolutions are hereby ratified and approved, that these Resolutions shall remain in full force and effect and Lender may rely on these Resolutions until
written notice of their revocation shall have been delivered to and received by Lender. Any such notice shall not affect any of the Corporation’s agreements or commitments in effect at the time notice is given. 

I FURTHER CERTIFY in the name and on behalf of the Corporation that the officers,
employees, and agents named above are duly elected, appointed, or employed by or for the Corporation, as the case may be, and occupy the positions set forth opposite their respective names; that the foregoing Resolutions now stand of record on the
books of the Corporation; and that the Resolutions are in full force and effect and have not been modified or revoked in any manner whatsoever. 

 I FURTHER CERTIFY in the name and on
behalf of the Corporation that attached hereto are true and correct copies of the Certificate of Incorporation and Bylaws of the Corporation. 

IN WITNESS WHEREOF, I have hereunto set my hand on July 2, 2009 and
attest that the signatures set opposite the names listed above are their genuine signatures. 
  

			
	 CERTIFIED TO AND ATTESTED BY:

		
	X	 	 /s/ Christine Pellizzari

 

 SCHEDULE 

SECOND AMENDMENT TO 

LOAN AND SECURITY AGREEMENT 
  

 
 SCHEDULE I

  
  

Aegerion Pharmaceuticals, Inc. (“Aegerion” or “Borrower”) has prepared the schedules in this Schedule I pursuant to the Second
Amendment to Loan and Security Agreement, dated July 2, 2009 (the “Amendment”), between Borrower and Hercules Technology Growth Capital, Inc. (“Lender”). Descriptive headings in the Schedules are inserted only for reference
purposes and for convenience of the reader. Capitalized terms used but not defined in this Schedule I shall have the meanings assigned to them in the Loan and Security Agreement, dated March 20, 2007 (the “Agreement”), as
amended, between Borrower and Lender. 
 The schedules contained in this Schedule I update the schedules prepared by Aegerion and delivered to
Lender on the Closing Date. If the disclosure provided by the Borrower in the schedules is in greater detail than is required by the particular representation and warranty of Borrower in Section 5 of the Agreement, such disclosure is not an
admission by Borrower that it believes the disclosed information is material or not in the ordinary course of business. Furthermore, a threshold of materiality being provided by Borrower on a particular section of the schedules, if any, is not
intended to be an indication of the threshold of materiality for any other section of the schedules or for any purpose under the Agreement. Nothing in the schedules constitutes an admission of any liability or obligation of Borrower to any third
party or an admission against the interest of Borrower. 
 This Schedule I is accurate and complete as of the date of the Amendment. Disclosure
in one section of Schedule I shall constitute disclosure for all sections hereof, to the extent that the applicability of such disclosure is manifestly apparent. 

 Execution Copy 

Schedule 1 

Subsidiaries 
 None.

 Schedule 1A 

Existing Permitted Indebtedness 

The Company has issued Senior Subordinated Promissory Notes in the aggregate principal amount of $13,562,101.35 pursuant to an Amended and Restated Note
Purchase Agreement dated July 2, 2009 (the “Note Purchase Agreement”). Pursuant to the Note Purchase Agreement, the Company may issue up to an additional $2,252,659.16 of Senior Subordinated Promissory Notes. 

 Schedule 1B 

Existing Permitted Investments 

Aegerion makes investments pursuant to the Investment Policy & Guidelines approved by its Board of Directors, a copy of which has been provided
to the Lender. 
 Beginning in 2007, the Borrower invested a portion of its cash in investments consisting primarily of investment-grade,
asset-backed, variable-rate debt obligations and auction rate securities (“ARS”), in compliance with the Borrower’s Investment Policy & Guidelines. During the year ended December 31, 2007, the Borrower’s ARS
securities experienced a failed auction, meaning that there were no buyers willing to purchase the securities at par. Pursuant to the terms of the ARS agreement, in the event of a failed auction in which the holders cannot sell the securities, the
interest or dividend rate on the security resets to a “penalty” rate. As a result of the failed auctions occurring prior to and subsequent to year-end, the Borrower does not believe the ARS are currently liquid, the duration of the failed
auctions are not known, and, in the event the Borrower needs to access these funds, it will not be able to do so without a potential loss of principal, unless a future auction on these investments is successful. The securities for which the auctions
have failed will continue to accrue interest at the contractual penalty rate and will continue to be auctioned every 28 days until the auction succeeds, the issuer calls the securities, or the securities mature. In December 2008, one of the
Borrower’s debt securities was subject to a put option, which converted the debt security into non-cumulative redeemable perpetual preferred stock. The Borrower’s investment in the underlying debt obligation matures in 2021. See Footnote 4
to the Borrower’s 2008 audited financial statements. 

 Schedule 1C 

Existing Permitted Liens 

None. 

 Schedule 5.3 

Consents 
 The holders of
Aegerion’s Preferred Stock have certain rights upon the issuance by Aegerion of new securities. Aegerion obtained a waiver of these rights prior to the original Closing Date and the date hereof. 

 Schedule 5.5 

Actions Before Governmental Authorities 

None. 

 Schedule 5.7 

Tax Matters 
 None.

 Schedule 5.8 

Intellectual Property Claims 

On September 27, 2006, Aegerion entered into a Settlement and Cross-License Agreement with The Trustees of the University of Pennsylvania and Pfizer
Inc. of New York (“Pfizer”) to settle an interference declared by the U.S. Patent & Trademark Office between a U.S. patent application owned by Pfizer and an issued U.S. patent licensed to Aegerion by UPenn. There are no payments
due to or from Aegerion under the Settlement and Cross-License Agreement. The cross-licenses granted by the parties under the Settlement and Cross-License Agreement are perpetual and irrevocable. 

 Schedule 5.9 

Intellectual Property 

None. 

 Schedule 5.10 

Borrower Products 

None. 

 Schedule 5.11 

Financial Accounts 
  

	1.	Bank: TD Bank, NA 

Account: 2759500016 – INVESTMENT ACCOUNT (USD) 

 

	2.	Bank: TD Bank, NA 

Account: 7861047020 – PAYROLL ACCOUNT (USD) 
  

	3.	Bank: TD Bank, NA 

Account: 7861047038 – OPERATING ACCOUNT (USD) 
  

	4.	Bank: Barclays Wealth, a division of Barclays Bank PLC 

Account: 831-03415-1-9-654 – BROKERS’ ACCOUNT 

 

	5.	The Company has granted a limited power of attorney to Hercules Technology Growth Capital, Inc. pursuant to the ACH Debt Authorization Agreement dated March 20,
2007. 

  

	6.	Bank: TD Bank, NA 

Account: 7867050507 – AEGERION PHARMACEUTICALS, INC. 

 

 Schedule 5.14 

Capitalization 
 Aegerion
is authorized to issue 30,000,000 shares of Common Stock and 19,650,000 shares of Preferred Stock, of which 13,000,000 shares are designated Series A Convertible Preferred Stock and 6,650,000 shares are designated Series B Convertible Preferred
Stock. 
  

							
	 	  	Common Stock	  	Series A
Preferred Stock	  	Series B
Preferred Stock
	 Outstanding
	  	4,170,764	  	12,211,604	  	3,810,773
	 Outstanding Warrants
	  		  	387,239	  	
	 Outstanding Options
	  	1,459,771	  		  	
	 Options Available for Grant
	  	382	  		  	
	 TOTAL Outstanding with Options
	  	5,630,917	  	12,598,843	  	3,810,773

 Execution Version 

THIRD AMENDMENT 

TO 
 LOAN
AND SECURITY AGREEMENT 
 THIS THIRD AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Amendment”) is
entered into as of January 28, 2010, by and between HERCULES TECHNOLOGY GROWTH CAPITAL, INC. (“Lender”) and AEGERION PHARMACEUTICALS, INC., a Delaware corporation, and each of its subsidiaries that becomes a party
to the Agreement, (hereinafter collectively referred to as the “Borrower”). 
 RECITALS 

Borrower and Lender are parties to that certain Loan and Security Agreement dated as of March 20, 2007, as amended by a First
Amendment to Loan and Security Agreement dated as of September 29, 2008 and a Second Amendment to Loan and Security Agreement dated as of July 2, 2009 (the “Agreement”). One or more Events of Default (the “Existing
Defaults”) occurred under the Agreement, pursuant to which Lender delivered Notices of Default to Borrower dated May 5, 2009 and May 20, 2009. The Existing Defaults are specified in those Notices. Lender has agreed to forbear from
exercising remedies arising out of the Existing Defaults, on the terms set forth below. Unless otherwise defined herein, capitalized terms in this Amendment shall have the meanings assigned in the Agreement. 

NOW, THEREFORE, the parties agree as follows: 

1. Lender shall forbear from exercising any remedies that it may have as a result of the occurrence of the Existing Defaults from the
date hereof through June 30, 2010 (the “Forbearance Period”). The Forbearance Period shall be extended through July 30, 2010 upon Lender’s receipt of a term sheet on terms acceptable to Lender, accepted by Borrower,
providing for the issuance of Borrower’s equity securities in a financing that will generate proceeds to Borrower of at least $20,000,000 (the “Equity Event”). Upon Borrower’s receipt of at least $20,000,000 of the proceeds of
the Equity Event, the Existing Defaults shall be waived without further action by Borrower or Lender. This forbearance does not constitute a waiver of any Event of Default, a continuing waiver, a course of conduct of forbearing from exercising
remedies, or a consent to Borrower’s failure to perform any obligation under the Agreement. 
 2. Unless otherwise defined,
all initially capitalized terms in this Amendment shall be as defined in the Agreement. The Agreement, as amended hereby, shall remain in full force and effect in accordance with its terms. Except as expressly set forth herein, the execution,
delivery, and performance of this Amendment shall not operate as a waiver of, or as an amendment of, any right, power, or remedy of Lender under the Loan Documents, as in effect prior to the date hereof. This Amendment does not constitute a
novation. 
 3. Except as set forth on the attached Schedule, (i) the representations and warranties set forth in the
Agreement are true and correct in all material respects on the date hereof with the same effect as though made on and as of such date, except to the extent such representations and warranties expressly relate to an earlier date, and (ii) except
for the Existing Defaults, an Event of Default is not continuing. 
 4. This Amendment may be executed in two or more
counterparts, each of which shall be deemed an original, but all of which together shall constitute one instrument. 
 5. As a
condition to the effectiveness of this Amendment, Lender shall have received, in form and substance satisfactory to Lender, the following: 

(a) this Amendment, duly executed by Borrower; 

 (b) evidence satisfactory to Lender that Borrower has received at least $3,000,000 of
proceeds on or about the date of this Amendment from the issuance of Subordinated Debt on terms reasonably acceptable to Lender; 

(c) payment of an amount equal to the Lender Expenses incurred in connection with this Amendment. 

IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the first date above written. 

 

			
	AEGERION PHARMACEUTICALS, INC.
		
	By:	 	 /s/ William H. Lewis

	Title:	 	President
	
	HERCULES TECHNOLOGY GROWTH CAPITAL, INC.
		
	By:	 	 /s/ K. Nicholas Martitsch

		 	K. Nicholas Martitsch
	Title:	 	Associate General Counsel

 FOURTH AMENDMENT 

TO 
 LOAN
AND SECURITY AGREEMENT 
 THIS FOURTH AMENDMENT TO
LOAN AND SECURITY AGREEMENT (this “Amendment”) is entered into as of June 11, 2010, by and between HERCULES
TECHNOLOGY GROWTH CAPITAL, INC. (“Lender”) and AEGERION PHARMACEUTICALS, INC., a Delaware corporation, and each of its subsidiaries that becomes a party to the
Agreement, (hereinafter collectively referred to as the “Borrower”). 
 RECITALS

 Borrower and Lender are parties to that certain Loan and Security Agreement dated as of March 20, 2007, as amended
by a First Amendment to Loan and Security Agreement dated as of September 29, 2008, a Second Amendment to Loan and Security Agreement dated as of July 2, 2009 and a Third Amendment to Loan and Security Agreement dated as of
January 28, 2010 (the “Agreement”). One or more Events of Default (the “Existing Defaults”) occurred under the Agreement, pursuant to which Lender delivered Notices of Default to Borrower dated May 5, 2009 and
May 20, 2009. The Existing Defaults are specified in those Notices. Lender has agreed to forbear from exercising remedies arising out of the Existing Defaults, on the terms set forth below. Unless otherwise defined herein, capitalized terms in
this Amendment shall have the meanings assigned in the Agreement. 
 NOW,
THEREFORE, the parties agree as follows: 
 17. Lender shall forbear from exercising
any remedies that it may have as a result of the occurrence of the Existing Defaults from the date hereof through August 16, 2010 (the “Forbearance Period”). The Forbearance Period shall be extended through September 30, 2010
upon Borrower’s receipt of at least $1,500,000 of proceeds pursuant to that certain Third Amended and Restated Note Purchase Agreement dated as of even date herewith, between Borrower and the Purchasers a party thereto, as such shall be amended
and/or restated from time to time (the “Purchase Agreement”). The Forbearance Period shall be further extended through November 30, 2010 upon Lender’s receipt of a term sheet on terms acceptable to Lender, accepted by Borrower,
providing for the issuance of Borrower’s equity securities in a financing that will generate proceeds to Borrower of at least $20,000,000 (the “Equity Event”). Upon Borrower’s receipt of at least $20,000,000 of the proceeds of
the Equity Event, the Existing Defaults shall be waived without further action by Borrower or Lender. This forbearance does not constitute a waiver of any Event of Default, a continuing waiver, a course of conduct of forbearing from exercising
remedies, or a consent to Borrower’s failure to perform any obligation under the Agreement. 
 18.
Section 7.1(c) of the Credit Agreement is hereby amended by restating the first parenthetical contained therein in its entirety to read as follows: “(and in any event within 120 days after the end of each fiscal year; or, solely with
respect to the 2009 fiscal year, no later than June 30, 2010)”. 
 19. Unless otherwise defined, all initially
capitalized terms in this Amendment shall be as defined in the Agreement. The Agreement, as amended hereby, shall remain in full force and effect in accordance with its terms. Except as expressly set forth herein, the execution, delivery, and
performance of this Amendment shall not operate as a waiver of, or as an amendment of, any right, power, or remedy of Lender under the Loan Documents, as in effect prior to the date hereof. This Amendment does not constitute a novation. 

20. Except as set forth on the attached Schedule, (i) the representations and warranties set forth in the Agreement are true
and correct in all material respects on the date hereof with the same effect as though made on and as of such date, except to the extent such representations and warranties expressly relate to an earlier date, and (ii) except for the Existing
Defaults, an Event of Default is not continuing 
 21. This Amendment may be executed in two or more counterparts, each
of which shall be deemed an original, but all of which together shall constitute one instrument. 
 22. As a condition to
the effectiveness of this Amendment, Lender shall have received, in form and substance satisfactory to Lender, the following: 

(a) this Amendment, duly executed by Borrower; 

 (b) evidence satisfactory to Lender that Borrower has received at least $1,500,000 of
proceeds on or about the date of this Amendment from the issuance of Subordinated Debt pursuant to the Purchase Agreement on terms reasonably acceptable to Lender; 

(c) payment of an amount equal to an amendment fee of $50,000 and the Lender Expenses incurred in connection with this Amendment.

 IN WITNESS WHEREOF, the undersigned have executed this
Amendment as of the first date above written. 
  

			
	 AEGERION PHARMACEUTICALS, INC.

		
	 By:
	 	 /s/ William H. Lewis

	 Title:
	 	President
	
	 HERCULES TECHNOLOGY GROWTH CAPITAL, INC.

		
	 By:
	 	 /s/ K. Nicholas Martitsch

	 Title:
	 	Associate General Counsel

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