Document:

EX-10.17

 Exhibit 10.17 

LEASE 
 by and between 

BMR-9360-9390 TOWNE CENTRE LP, 

a Delaware limited partnership 

and 
 POSEIDA THERAPEUTICS, INC.,

 a Delaware corporation 
 BioMed
Realty form dated 11/10/17 

 Table of Contents 

 

							
	 1.
	 	Lease of Premises	  	 	1	 
			
	 2.
	 	Basic Lease Provisions	  	 	2	 
			
	 3.
	 	Term	  	 	5	 
			
	 4.
	 	Possession and Commencement Date	  	 	5	 
			
	 5.
	 	Condition of Premises	  	 	8	 
			
	 6.
	 	Rentable Area	  	 	9	 
			
	 7.
	 	Rent	  	 	10	 
			
	 8.
	 	Rent Adjustments	  	 	11	 
			
	 9.
	 	Operating Expenses	  	 	11	 
			
	 10.
	 	Taxes on Tenant’s Property	  	 	18	 
			
	 11.
	 	Security Deposit	  	 	19	 
			
	 12.
	 	Use	  	 	21	 
			
	 13.
	 	Rules and Regulations, CC&Rs, Parking Facilities and Common Area	  	 	25	 
			
	 14.
	 	Project Control by Landlord	  	 	26	 
			
	 15.
	 	Quiet Enjoyment	  	 	28	 
			
	 16.
	 	Utilities and Services	  	 	28	 
			
	 17.
	 	Alterations	  	 	32	 
			
	 18.
	 	Repairs and Maintenance	  	 	35	 
			
	 19.
	 	Liens	  	 	36	 
			
	 20.
	 	Estoppel Certificate	  	 	37	 
			
	 21.
	 	Hazardous Materials	  	 	38	 
			
	 22.
	 	Odors and Exhaust	  	 	42	 
			
	 23.
	 	Insurance	  	 	43	 
			
	 24.
	 	Damage or Destruction	  	 	47	 
			
	 25.
	 	Eminent Domain	  	 	50	 
			
	 26.
	 	Surrender	  	 	51	 
			
	 27.
	 	Holding Over	  	 	52	 
			
	 28.
	 	Indemnification and Exculpation	  	 	52	 
			
	 29.
	 	Assignment or Subletting	  	 	54	 
			
	 30.
	 	Subordination and Attornment	  	 	59	 

  
 i 

							
	 31.
	 	Defaults and Remedies	  	 	60	 
			
	 32.
	 	Bankruptcy	  	 	66	 
			
	 33.
	 	Brokers	  	 	67	 
			
	 34.
	 	Definition of Landlord	  	 	67	 
			
	 35.
	 	Limitation of Landlord’s Liability	  	 	68	 
			
	 36.
	 	Joint and Several Obligations	  	 	68	 
			
	 37.
	 	Representations	  	 	69	 
			
	 38.
	 	Confidentiality	  	 	69	 
			
	 39.
	 	Notices	  	 	70	 
			
	 40.
	 	Miscellaneous	  	 	70	 
			
	 41.
	 	Rooftop Installation Area	  	 	73	 
			
	 42.
	 	Options to Extend Term	  	 	74	 
			
	 43.
	 	Right of First Refusal	  	 	76	 
			
	 44.
	 	4575 Building Lease Option	  	 	78	 
			
	 45.
	 	Landlord Improvements	  	 	79	 
			
	 46.
	 	Amenities Facilities	  	 	80	 
			
	 47.
	 	Expansion Space	  	 	81	 
			
	 48.
	 	Hazardous Materials Shed	  	 	82	 

  

  
 ii 

 LEASE 

THIS LEASE (this “Lease”) is entered into as of this 1 day of October, 2018 (the “Execution
Date”), by and between BMR-9360-9390 TOWNE CENTRE LP, a Delaware limited partnership (“Landlord”), and POSEIDA THERAPEUTICS, INC., a Delaware corporation (“Tenant”).

 RECITALS 

A. WHEREAS, Landlord owns certain real property (the “Property”) and the improvements on the Property located
at 9360 and 9390 Towne Centre Drive, San Diego, California, including the buildings located thereon; and 
 B. WHEREAS,
Landlord wishes to lease to Tenant, and Tenant desires to lease from Landlord, certain premises (the “Premises”) located on the second (2nd) and third (3rd) floors of the building located at 9390 Towne Centre Drive, San Diego, California (the (“Building”), pursuant to the terms and conditions of this Lease, as detailed below. 

C. WHEREAS, an affiliate of Landlord, BMR-Eastgate Mall LP, a Delaware limited
partnership (the “4575 Owner”), owns certain real property located adjacent to the Property at 4575 Eastgate Mall, San Diego, California (the “4575 Property”), including the building located thereon (the
“4575 Building”). 
 AGREEMENT 

NOW, THEREFORE, Landlord and Tenant, in consideration of the mutual promises contained herein and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound, agree as follows: 
 1.
Lease of Premises. 
 1.1. Effective on the Term Commencement Date (as defined below), Landlord hereby leases to
Tenant, and Tenant hereby leases from Landlord, the Premises, as shown on Exhibit A attached hereto, for use by Tenant in accordance with the Permitted Use (as defined below) and no other uses. The Property, the 4575 Property and all
landscaping, parking facilities, private drives and other improvements and appurtenances related thereto, including the Building, the 4575 Building and other buildings located on the Property and the 4575 Property are hereinafter collectively
referred to as the “Project.” All portions of the Building that are for the non-exclusive use of the tenants of the Building only, and not the tenants of the Project generally, such as service
corridors, stairways, elevators, public restrooms and public lobbies (all to the extent located in the Building), are hereinafter referred to as “Building Common Area.” All portions of the Project that are from time to time
designated by Landlord (with respect to the Property) and the 4575 Owner (with respect to the 4575 Property) as being for the non-exclusive use of tenants of the Project generally, including driveways,
sidewalks, parking areas, landscaped areas, and (to the extent not located in a building, except as otherwise provided in 

 
Section 46) service corridors, stairways, elevators, public restrooms, public lobbies and upon the Amenities Facilities Opening Date (as defined below), the Amenities
Facilities (as defined in Exhibit J attached hereto) are hereinafter referred to as “Project Common Area.” The Building Common Area and Project Common Area are collectively referred to herein as “Common
Area.” 
 2. Basic Lease Provisions. For convenience of the parties, certain basic provisions of this Lease are set forth
herein. The provisions set forth herein are subject to the remaining terms and conditions of this Lease and are to be interpreted in light of such remaining terms and conditions. 

2.1. This Lease shall take effect upon the Execution Date and, except as specifically otherwise provided within this Lease,
each of the provisions hereof shall be binding upon and inure to the benefit of Landlord and Tenant from the date of execution and delivery hereof by all parties hereto. 

2.2. In the definitions below, each current Rentable Area (as defined below) is expressed in square feet. Rentable Area and
“Tenant’s Pro Rata Shares” are all subject to adjustment as provided in this Lease. 
  

			
	 Definition or Provision
	  	
Means the Following
(As of the Execution 
Date)

	 Approximate Rentable Area of Premises*
	  	53,110 square feet
		
	 Approximate Rentable Area of Building
	  	74,360 square feet
		
	 Approximate Rentable Area of Project
	  	163,070 square feet
		
	 Tenant’s Pro Rata Share of Building*
	  	71.42%
		
	 Tenant’s Pro Rata Share of Project*
	  	32.57%

  

	*	 Note: Subject to adjustment as provided in this Lease. 

2.3. Initial monthly and annual installments of Base Rent for the Premises (“Base Rent”) as of the Term
Commencement Date, subject to adjustment under this Lease (including the Base Rent Abatement as provided in Section 7.1, the annual Base Rent adjustments provided in Article 8 and adjustments to Base Rent pursuant to
Sections 44 and 45): 

  
 2 

																	
	 Dates
	  	 Square Feet
of
Rentable
Area*
	 	  	
Base Rent per Square
Foot of Rentable 
Area
	 	  	 Monthly
Base
Rent*
	 	  	 Annual
Base
Rent*
	 
	 Term Commencement Date – Month 12
	  	 	53,110	 	  	$	3.90 monthly	 	  	$	207,129.00	 	  	$	2,485,548.00	 

  

	*	 Note: Subject to adjustment as provided in this Lease. 

2.4. Estimated Term Commencement Date: March 15, 2019 

2.5. Estimated Term Expiration Date: December 14, 2029 

2.6. Security Deposit: $207,129.00, subject to increase in accordance with the terms hereof 

2.7. Permitted Use: Office and laboratory use in conformity with all federal, state, municipal and local laws, codes,
ordinances, rules and regulations of Governmental Authorities (as defined below) having jurisdiction over the Premises, the Building, the Property, the Project, Landlord or Tenant, including both statutory and common law and hazardous waste rules
and regulations (“Applicable Laws”) 
 2.8. Address for Rent Payment: 

BMR-9360-9390 Towne Center LP 

Attention Entity 697 

P.O. Box 511387 

Los Angeles, California 90051-7942 

2.9. Address for Notices to Landlord: 

BMR-9360-9390 Towne Center LP 

17190 Bernardo Center Drive 

San Diego, California 92128 

Attn: Legal Department 

2.10. Address for Notices to Tenant: 

Prior to the Term Commencement Date: 

Poseida Therapeutics, Inc. 

  
 3 

 4242 Campus Point Court, Suite 700 

San Diego, California 92121 

Attention: Chief Executive Officer 

From and after the Term Commencement Date: 

Poseida Therapeutics, Inc. 

9390 Towne Centre Drive 

San Diego, California 92121 

Attention: Chief Executive Officer 

in either case with a copy to: 

Cooley LLP 

4401 Eastgate Mall 

San Diego, CA 92121 

Attention: Michael Levinson, Esq. 

2.11. Address for Invoices to Tenant: 

Prior to the Term Commencement Date: 

Poseida Therapeutics, Inc. 

4242 Campus Point Court, Suite 700 

San Diego, California 92121 

Attention: Vice President Finance 

From and after the Term Commencement Date: 

Poseida Therapeutics, Inc. 

9390 Towne Centre Drive 

San Diego, California 92121 

Attention: Vice President Finance 

2.12. The following Exhibits are attached hereto and incorporated herein by reference: 

 

					
	     
	 	Exhibit A	  	Premises
		 	Exhibit B	  	Work Letter
		 	Exhibit B-1	  	Tenant Work Insurance Schedule
		 	Exhibit B-2	  	Approved Schematic Plans
		 	Exhibit C	  	Acknowledgement of Term Commencement Date and Term Expiration Date
		 	Exhibit D	  	 Form of Additional TI Allowance Acceptance
Letter

  
 4 

					
		 	Exhibit E	  	 Form of Letter of Credit

		 	Exhibit F	  	 Rules and Regulations

		 	Exhibit G	  	 Location of Visitor Parking Spaces

		 	Exhibit H	  	 Tenant’s Personal Property

		 	Exhibit I	  	 Form of Estoppel Certificate

		 	Exhibit J	  	 Landlord Improvements

		 	Exhibit K	  	 Landlord Improvements Site Plan

		 	Exhibit L	  	 Hazardous Materials Shed

 3. Term. The actual term of this Lease (as the same may be extended pursuant to Article 42
hereof, and as the same may be earlier terminated in accordance with this Lease, the “Term”) shall commence on the actual Term Commencement Date (as defined in Article 4) and end on the date (the “Term Expiration
Date”) that is one hundred twenty-nine (129) months after the actual Term Commencement Date, subject to extension or earlier termination of this Lease as provided herein. TENANT HEREBY WAIVES THE REQUIREMENTS OF SECTION 1933 OF THE
CALIFORNIA CIVIL CODE, AS THE SAME MAY BE AMENDED FROM TIME TO TIME. 
 4. Possession and Commencement Date. 

4.1. Tenant acknowledges that Amylin Pharmaceuticals, Inc. (the “Current Occupant”) and Landlord are parties
to that certain Lease Agreement dated as of June 27, 2006 (as the same may have been amended, assigned, amended and restated, supplemented or otherwise modified from time to time, the “Prior Lease”), whereby Current Occupant
leases the Premises from Landlord pursuant to the terms and conditions set forth therein. The Prior Lease is currently scheduled to terminate on October 1, 2018 (the “Prior Lease Termination Date”), pursuant to a Lease
Termination Agreement dated as of October 1, 2018 by and between the Current Occupant and Landlord (the “Prior Lease Termination Agreement”). Subject to any holdover by the Current Occupant beyond the Prior Lease Termination
Date and the surrender of the Premises by the Current Occupant in accordance with the terms and conditions set forth in the Prior Lease Termination Agreement, Landlord shall use commercially reasonable efforts to tender possession of the Premises to
Tenant on the Estimated Term Commencement Date, broom clean, with the work (the “Tenant Improvements”) required of Landlord described in the Work Letter attached hereto as Exhibit B (the “Work Letter”)
Substantially Complete (as defined below). Tenant agrees that in the event such work is not Substantially Complete on or before the Estimated Term Commencement Date for any reason (including as a result of any holdover by the Current Occupant or
failure by the Current Occupant to surrender the Premises to Landlord in accordance with all of the terms and conditions of the Prior Lease Termination Agreement), then (a) this Lease shall not be void or voidable, (b) Landlord shall not
be liable to Tenant for any loss or damage resulting therefrom, (c) the Term Expiration Date shall be extended accordingly and (d) Tenant shall not be responsible for the payment of any Base Rent or Tenant’s Adjusted Share of
Operating Expenses (as defined below) until the actual Term Commencement Date as described in Section 4.2 occurs. The term “Substantially Complete” or “Substantial Completion” means that
(i) the Tenant Improvements are substantially complete in 

  
 5 

 
accordance with the Approved Plans (as defined in the Work Letter), except for minor punch list items, and (ii) a temporary or permanent certificate of occupancy (or either’s
substantial equivalent) has been issued. Notwithstanding anything in this Lease (including the Work Letter) to the contrary, Landlord’s obligation to timely achieve Substantial Completion shall be subject to extension on a day-for-day basis as a result of Force Majeure (as defined below) and/or any delay caused by or arising from Tenant or the Current Occupant. Landlord will use commercially
reasonable efforts to correct the aforementioned minor punch list items within sixty (60) days following the Term Commencement Date; provided, however, Tenant agrees that in the event such punch list items are not completed within such
sixty (60) day time period, (y) this Lease shall not be void or voidable and (z) Landlord shall not be liable to Tenant for any loss or damage resulting therefrom. 

4.2. The “Term Commencement Date” shall be the day Landlord tenders possession of the Premises to Tenant,
broom clean, with the Tenant Improvements Substantially Complete. If possession is delayed by act or omission of Tenant, then the Term Commencement Date shall be the date that the Term Commencement Date would have occurred but for such delay. Tenant
shall execute and deliver to Landlord written acknowledgment of the actual Term Commencement Date and the Term Expiration Date within ten (10) days after Tenant takes occupancy of the Premises, in the form attached as Exhibit C hereto.
Failure to execute and deliver such acknowledgment, however, shall not affect the Term Commencement Date or Landlord’s or Tenant’s liability hereunder. Failure by Tenant to obtain validation by any medical review board or other similar
governmental licensing of the Premises required for the Permitted Use by Tenant shall not serve to extend the Term Commencement Date. 

4.3. Landlord shall use reasonable efforts to grant access to Tenant, at Tenant’s risk, to the Premises thirty
(30) days prior to the Term Commencement Date for the purpose of installing equipment and trade fixtures, but not for the conduct of Tenant’s business; provided, however, that prior to such entry, Tenant shall furnish to Landlord
evidence satisfactory to Landlord in advance that insurance coverages required of Tenant under the provisions of Article 23 are in effect, and such entry shall be subject to all the terms and conditions of this Lease other than the payment of
Base Rent and Tenant’s Adjusted Share of Operating Expenses (as defined below); and provided, further, that if the Term Commencement Date is delayed due to such early access, then the Term Commencement Date shall be the date that the
Term Commencement Date would have occurred but for such delay. Tenant agrees that in the event Landlord is unable to provide access to the Premises before the Term Commencement Date for any reason (including as a result of any holdover by the
Current Occupant beyond the Prior Lease Termination Date or failure by the Current Occupant to surrender the Premises to Landlord in accordance with all of the terms and conditions of the Prior Lease Termination Agreement), then (a) this Lease
shall not be void or voidable and (b) Landlord shall not be liable to Tenant for any loss or damage resulting therefrom. 

4.4. Landlord shall cause the Tenant Improvements to be constructed in the Premises pursuant to the Work Letter at a cost to
Landlord not to exceed (a) Three Million Seven Hundred Seventeen Thousand Seven Hundred Dollars ($3,717,700) (based upon Seventy Dollars ($70.00) 

  
 6 

 
per square foot of Rentable Area (as defined below) of the Premises) (the “Base TI Allowance”) plus (b) if properly requested by Tenant pursuant to this Section, Two Million
Six Hundred Fifty-Five Thousand Five Hundred Dollars ($2,655,500) (based upon Fifty Dollars ($50.00) per square foot of Rentable Area of the Premises) (the “Additional TI Allowance”), for a total of up to Six Million Three Hundred
Seventy Three Thousand Two Hundred Dollars ($6,373,200) (based upon One Hundred Twenty Dollars ($120.00) per square foot of Rentable Area of the Premises); provided, however, that Landlord shall only make the Additional TI Allowance available
to Tenant in installments equal to Five Hundred Thirty-One Thousand One Hundred Dollars ($531,100) (based upon Ten Dollars ($10.00) per square foot of Rentable Area of the Premises) (each, an
“Additional TI Allowance Installment”). The Base TI Allowance, together with the Additional TI Allowance (if properly requested by Tenant pursuant to this Article), shall be referred to herein as the “TI Allowance.”
The TI Allowance may be applied to the costs of (m) construction, (n) project management by Landlord (which fee shall equal three percent (3%) of all of the hard and soft costs actually incurred by Landlord in connection with construction of
the Tenant Improvements, including any such hard and soft costs for which the TI Allowance is used), (o) commissioning of mechanical, electrical and plumbing systems by a licensed, qualified commissioning agent hired by Landlord, and review of such
party’s commissioning report by a licensed, qualified commissioning agent hired by Tenant, (p) space planning, architect, engineering and other related services performed by third parties unaffiliated with Tenant, (q) building permits
and other taxes, fees, charges and levies by Governmental Authorities (as defined below) for permits or for inspections of the Tenant Improvements, (r) costs and expenses for labor, material, equipment, fixtures, furniture, signage and cabling,
provided that, no more than Two Hundred Sixty-Five Thousand Five Hundred Fifty Dollars ($265,550) (based upon Five Dollars ($5.00) per square foot of Rentable Area of the Premises) of the Base TI Allowance may be used towards the cost of
furniture, signage, equipment, data or cabling; and (s) a project management fee for Tenant’s construction manager, Project Management Advisors, Inc.; provided that, no more than one percent (1%) of the TI Allowance shall be applied
to such project management fee. In no event shall the TI Allowance be used for (w) payments to Tenant or any affiliates of Tenant, (x) except as otherwise provided in this Section with respect to the Base TI Allowance, (i) the
purchase of any furniture, personal property or other equipment or (ii) the payment of any project management fee for Tenant’s construction manager, (y) costs arising from any default by Tenant of its obligations under this Lease or
(z) costs that are recoverable by Tenant from a third party (e.g., insurers, warrantors, or tortfeasors). 
 4.5. Tenant
shall have until the date that is six (6) months following the Term Commencement Date (the “TI Deadline”), to submit Fund Requests (as defined in the Work Letter) to Landlord for disbursement of the unused portion of the TI
Allowance, after which date Landlord’s obligation to fund any such costs for which Tenant has not submitted a Fund Request to Landlord shall expire. Base Rent shall be increased by Seven Cents ($0.07) per square foot of Rentable Area of the
Premises per month for each Additional TI Allowance Installment of the Additional TI Allowance disbursed by Landlord in accordance with this Lease. The amount by which Base Rent shall be increased shall be determined (and Base Rent shall be
increased accordingly) as of the Term Commencement Date and, if such determination does not reflect use by Tenant of all of the Additional TI Allowance, shall be determined again as of the TI Deadline,

  
 7 

 
with Tenant paying (on the next succeeding day that Base Rent is due under this Lease (the “True-Up Date”)) any underpayment of the
further adjusted Base Rent for the period beginning on the Term Commencement Date and ending on the True-Up Date. 

4.6. Landlord shall not be obligated to expend any portion of the Additional TI Allowance until Landlord shall have received
from Tenant a letter in the form attached as Exhibit D hereto executed by an authorized officer of Tenant with respect to each Additional TI Allowance Installment of the Additional TI Allowance. In no event shall any unused TI Allowance
entitle Tenant to a credit against Rent payable under this Lease. 
 4.7. Notwithstanding any provision in this Article to
the contrary, in the event that Substantial Completion of the Tenant Improvements does not occur by the Outside Date (as defined below), then, as Tenant’s sole remedy, Tenant’s obligation to pay Base Rent shall abate, following the
application of any Base Rent Abatement pursuant to Section 7.1, on a day-for-day basis for each one (1) full day in the period from the Outside Date
until the date upon which the Tenant Improvements are Substantially Complete. The term “Outside Date” means the date that is ninety (90) days after the Estimated Term Commencement Date, as such date shall be extended on a day-for-day basis as a result of Force Majeure and/or any delay caused by or arising from Tenant or the Current Occupant. 

5. Condition of Premises. Tenant acknowledges that neither Landlord nor any agent of Landlord has made any representation or warranty
with respect to the condition of the Premises, the Building or the Project, or with respect to the suitability of the Premises, the Building or the Project for the conduct of Tenant’s business. Tenant acknowledges that (a) it is fully
familiar with the condition of the Premises and agrees to take the same in its condition “as is” as of the Term Commencement Date, subject to Landlord’s obligations under this Section 5, and (b) Landlord
shall have no obligation to alter, repair or otherwise prepare the Premises for Tenant’s occupancy or to pay for or construct any improvements to the Premises, except for performance of the Tenant Improvements and the Landlord Improvements (as
defined below), in each case to be constructed in the Premises, and payment of the Base TI Allowance and, if properly requested by Tenant pursuant to the terms of the Lease, the Additional TI Allowance, and as otherwise expressly provided in this
Section 5. Notwithstanding anything to the contrary in this Lease, Landlord shall deliver the Premises to Tenant in broom clean condition with the existing base building mechanical, elevator, fire, safety, heating,
ventilating and air conditioning system (“HVAC”) and the existing base building electrical, lighting and plumbing systems, in each case serving the Premises (the “Existing Building Systems”) in good working
condition; provided that, Landlord shall not be responsible for any repairs or replacements to any Building Systems that are otherwise needed as a result of any act or omission of Tenant’s agents, employees or contractors (such
obligation, “Landlord’s Delivery Obligation”). Tenant’s taking of possession of the Premises shall, except as otherwise agreed to in writing by Landlord and Tenant, conclusively establish that the Premises,
the Building and the Project were at such time in good, sanitary and satisfactory condition and repair and that Landlord’s Delivery Obligation was satisfied; provided that, if Landlord fails to satisfy Landlord’s Delivery Obligation
(a “Delivery Shortfall”), then Tenant may, as its sole and exclusive remedy, deliver notice of such failure to 

  
 8 

 
Landlord detailing the nature of such failure (a “Shortfall Notice”); provided, further, that any Shortfall Notice must be received by Landlord no later than the date (the
“Shortfall Notice Deadline”) that is one hundred twenty (120) days after the Term Commencement Date. In the event that Landlord receives a Shortfall Notice regarding a valid Delivery Shortfall on or before the Shortfall Notice
Deadline, Landlord shall, at Landlord’s expense (and not as part of any Operating Expenses that may be charged to Tenant under this Lease), promptly remedy the Delivery Shortfall. Notwithstanding anything to the contrary in this Lease, Landlord
shall not have any obligations or liabilities in connection with (y) a failure to satisfy Landlord’s Delivery Obligation except to the extent such failure is identified by Tenant in a Shortfall Notice delivered to Landlord on or before the
Shortfall Notice Deadline and/or (z) any failure of the Existing Building Systems to be in good working condition arising from or in connection with (i) the misuse, misconduct, damage, destruction, negligence and/or any other action or
omission of Tenant, Tenant’s contractors or subcontractors, or any of their respective employees, agents or invitees, (ii) Tenant’s failure to properly repair or maintain the Premises as required by this Lease, (iii) any
modifications, Alterations or improvements constructed by or on behalf of Tenant (excluding the initial Tenant Improvements) or (iv) without limiting Landlord’s obligations under this Lease, any other event, circumstance or other factor
arising or occurring after the Term Commencement Date and, in any such case, no Delivery Shortfall shall be deemed to have occurred as a result thereof. 

6. Rentable Area. 

6.1. The term “Rentable Area” shall reflect such areas as reasonably calculated by Landlord’s architect,
as the same may be reasonably adjusted from time to time by Landlord in consultation with Landlord’s architect, to reflect changes to the Premises, the Building or the Project, as applicable. Notwithstanding the foregoing to the contrary and
except as contemplated in Section 2.3 and Section 45, in no event shall the Rentable Area of the Premises or the Building be deemed to have increased unless due to a change in the outer dimensions of the exterior walls of the
same. 
 6.2. The Rentable Area of the Building is generally determined by making separate calculations of Rentable Area
applicable to each floor within the Building and totaling the Rentable Area of all floors within the Building. The Rentable Area of a floor is computed by measuring to the outside finished surface of the permanent outer Building walls. The full area
calculated as previously set forth is included as Rentable Area, without deduction for columns and projections or vertical penetrations, including stairs, elevator shafts, flues, pipe shafts, vertical ducts and the like, as well as such items’
enclosing walls. 
 6.3. The term “Rentable Area,” when applied to the Premises, is that area equal to the
usable area of the Premises, plus an equitable allocation of Rentable Area within the Building that is not then utilized or expected to be utilized as usable area, including that portion of the Building devoted to corridors, equipment rooms,
restrooms, elevator lobby, atrium and mailroom. 

  
 9 

 6.4. The Rentable Area of the Project is the total Rentable Area of all
buildings within the Project. 
 7. Rent. 

7.1. Tenant shall pay to Landlord as Base Rent for the Premises, commencing on the Term Commencement Date, the sums set forth
in Section 2.3, subject to the rental adjustments provided in Article 8 hereof. Base Rent shall be paid in equal monthly installments as set forth in Section 2.3, subject to the rental adjustments provided in
Article 8 hereof, each in advance on the first day of each and every calendar month during the Term. Notwithstanding the foregoing, provided that Tenant is not in Default under this Lease, Tenant shall be entitled to receive an abatement of
Base Rent for the first nine (9) complete calendar months of the initial Term (the “Base Rent Abatement Period”) in an amount not to exceed Two Hundred Seven Thousand One Hundred Twenty-Nine and 00/100 Dollars ($207,129.00) per
month and One Million Eight Hundred Sixty-Four Thousand One Hundred Sixty-One and 00/100 Dollars ($1,864,161.00) in the aggregate (the “Base Rent Abatement”), provided that the amount
of the Base Rent Abatement shall be subject to adjustment based upon adjustments to Base Rent due to any Additional TI Allowance Installments disbursed by Landlord in accordance with Section 4.5 (for purposes of clarity and
by way of example only, if the Term commenced on March 15, 2019, then the Base Rent Abatement Period would commence on March 15, 2019 and end on December 14, 2019). For purposes of clarity, Tenant shall be responsible for all other
Rent (including, without limitation, Operating Expenses and the Property Management Fee) due pursuant to the terms of this Lease during the Base Rent Abatement Period. Tenant acknowledges and agrees that the foregoing Base Rent Abatement has been
granted to Tenant as additional consideration for entering into this Lease, and for agreeing to pay the Base Rent and perform the terms and conditions otherwise required under this Lease. If Tenant shall be in Default, then Tenant’s right to
receive the Base Rent Abatement for the Base Rent Abatement Period shall automatically terminate as of the date of such default and Tenant shall immediately be obligated to begin paying Base Rent for the Premises in full. The Base Rent Abatement
shall be personal to the original Tenant and shall only apply to the extent that the original Tenant (and not any assignee, or any sublessee or other transferee of the original Tenant’s interest in this Lease) is the Tenant under this Lease
during the Base Rent Abatement Period. For the avoidance of doubt, during the Base Rent Abatement Period, the Property Management Fee shall be calculated as if Tenant were paying full unabated Base Rent. 

7.2. In addition to Base Rent, Tenant shall pay to Landlord as additional rent (“Additional Rent”) at times
hereinafter specified in this Lease (a) Tenant’s Adjusted Share (as defined below) of Operating Expenses (as defined below), (b) the Property Management Fee (as defined below), and (c) any other amounts that Tenant assumes or agrees
to pay under the provisions of this Lease that are owed to Landlord, including any and all other sums that may become due by reason of any default of Tenant or failure on Tenant’s part to comply with the agreements, terms, covenants and
conditions of this Lease to be performed by Tenant, after notice and the lapse of any applicable cure periods. 

  
 10 

 7.3. Base Rent and Additional Rent shall together be denominated
“Rent.” Rent shall be paid to Landlord, without abatement, deduction or offset, in lawful money of the United States of America to the address set forth in Section 2.8 or to such other person or at such
other place as Landlord may from time designate in writing (which may, at Tenant’s election, include payment of Rent by ACH, subject to an ACH authorization form acceptable to Landlord (which form shall stipulate that such authorization is for
credit entries only to Landlord’s bank account)). In the event the Term commences or ends on a day other than the first day of a calendar month, then the Rent for such fraction of a month shall be prorated for such period on the basis of the
number of days in the month and shall be paid at the then-current rate for such fractional month. 
 7.4. Tenant’s
obligation to pay Rent shall not be discharged or otherwise affected by (a) any Applicable Laws now or hereafter applicable to the Premises, (b) any other restriction on Tenant’s use, (c) except as expressly provided herein, any
casualty or taking or (d) any other occurrence; and Tenant waives all rights now or hereafter existing to terminate or cancel this Lease or quit or surrender the Premises or any part thereof, or to assert any defense in the nature of
constructive eviction to any action seeking to recover rent. Tenant’s obligation to pay Rent with respect to any period or obligations arising, existing or pertaining to the period prior to the date of the expiration or earlier termination of
the Term or this Lease shall survive any such expiration or earlier termination; provided, however, that nothing in this sentence shall in any way affect Tenant’s obligations with respect to any other period. 

8. Rent Adjustments. Base Rent shall be subject to an annual upward adjustment of three percent (3%) of the then-current Base Rent. The
first such adjustment shall become effective commencing on the first (1st) annual anniversary of the Term Commencement Date, and subsequent adjustments shall become effective on every successive
annual anniversary for so long as this Lease continues in effect. 
 9. Operating Expenses. 

9.1. As used herein, the term “Operating Expenses” shall include: 

(a) Government impositions, including property tax costs consisting of real and personal property taxes (including amounts due
under any improvement bond upon the Building or the Project (including the parcel or parcels of real property upon which the Building, the other buildings in the Project and areas serving the Building and the Project are located)) or assessments in
lieu thereof imposed by any federal, state, regional, local or municipal governmental authority, agency or subdivision (each, a “Governmental Authority”); taxes on or measured by gross rentals received from the rental of space in
the Project; taxes based on the square footage of the Premises, the Building or the Project, as well as any parking charges, utilities surcharges or any other costs levied, assessed or imposed by, or at the direction of, or arising from Applicable
Laws or interpretations thereof, promulgated by any Governmental Authority in connection with the use or occupancy of the Project or the parking facilities serving the Project; taxes on this transaction or any document to which Tenant is a party
creating or transferring an interest in the Premises; any fee for a business license to operate an office 

  
 11 

 
building; and any expenses, including the reasonable cost of attorneys or experts, reasonably incurred by Landlord and/or the 4575 Owner in seeking reduction by the taxing authority of the
applicable taxes, less tax refunds obtained as a result of an application for review thereof; and 
 (b) All other costs of
any kind paid or incurred by Landlord and/or the 4575 Owner in connection with the operation or maintenance of the Building and the Project (including the Amenities Facilities (from and after the Amenities Facilities Opening Date) and any building
in which the Amenities Facilities is or will be located), which shall include costs of repairs and replacements to improvements within the Project as appropriate to maintain the Project as required hereunder; costs of utilities furnished to the
Common Area; sewer fees; cable television; trash collection; cleaning, including windows (including the Amenities Facilities (from and after the Amenities Facilities Opening Date) and any building in which the Amenities Facilities is or will be
located); HVAC; maintenance of landscaping and grounds; snow removal; maintenance of drives and parking areas; maintenance of the roof (including the roof of the building in which the Amenities Facilities are or will be located); security services
and devices; building supplies; maintenance or replacement of equipment utilized for operation and maintenance of the Project; license, permit and inspection fees; sales, use and excise taxes on goods and services purchased by Landlord and/or the
4575 Owner in connection with the operation, maintenance or repair of the Building or Project systems and equipment; telephone, postage, stationery and customary office supplies and other expenses incurred in connection with the operation,
maintenance or repair of the Project; third party accounting, legal and other professional fees and expenses incurred in connection with the Project; costs of furniture, draperies, carpeting, landscaping supplies and other customary and ordinary
items of personal property provided by Landlord and/or the 4575 Owner for use in Common Area; capital expenditures incurred (i) in replacing obsolete equipment, (ii) for the primary purpose of reducing Operating Expenses or
(iii) required by any Governmental Authority to comply with changes in Applicable Laws that take effect after the Execution Date or to ensure continued compliance with Applicable Laws in effect as of the Execution Date, in each case amortized
over the useful life thereof, as reasonably determined by Landlord, in accordance with generally accepted accounting principles (collectively, “Permitted Capital Expenditures”); costs of complying with Applicable Laws (except to the
extent such costs are incurred to remedy non-compliance as of the Execution Date with Applicable Laws); costs to keep the Project in compliance with, or costs or fees otherwise required under or incurred
pursuant to any CC&Rs (as defined below), including condominium fees; insurance premiums, including premiums for commercial general liability, property casualty, earthquake, terrorism and environmental coverages; portions of insured losses paid
by Landlord and/or the 4575 Owner as part of the deductible portion of a loss pursuant to the terms of insurance policies; service contracts; costs of services of independent contractors retained to do work of a nature referenced above; and costs of
compensation (including employment taxes and fringe benefits) of all persons who perform regular and recurring duties connected with the day-to-day operation and
maintenance of the Project, its equipment, the adjacent walks, landscaped areas, drives and parking areas, including janitors, floor waxers, window washers, watchmen, gardeners, sweepers, plow truck drivers, handymen, and
engineering/maintenance/facilities personnel (provided that such costs shall be 

  
 12 

 
prorated, as reasonably determined by Landlord, for persons that perform work at other properties owned by Landlord or any affiliate of Landlord). 

(c) Notwithstanding the foregoing, Operating Expenses shall not include any net income, franchise, capital stock, estate or
inheritance taxes, or taxes that are the personal obligation of Tenant or of another tenant of the Project; leasing commissions; advertising and marketing expenses; expenses that relate to preparation of rental space for a tenant at the Project,
including costs incurred to improve, renovate, redecorate or otherwise prepare any rental space for a tenant; legal expenses incurred by Landlord in connection with the negotiation of leases with prospective tenants and occupants of the Project
(other than Tenant) and legal expenses (including attorneys’ fees) incurred in connection with disputes and enforcement of any leases with tenants of the Project (other than Tenant); costs of repairs to the extent reimbursed by payment received
from other tenants of the Project or a third party not affiliated with Landlord; legal expenses (including attorneys’ fees) incurred in connection with negotiations or disputes between Landlord and employees, management agents, leasing agents,
purchasers or mortgagees of the Building; expenses of initial development and construction, including grading, paving, landscaping and decorating (as distinguished from maintenance, repair and replacement of the foregoing); costs or expenses to the
extent reimbursed by payment of insurance proceeds received by Landlord; interest, principal or any other payments under any loans to Landlord or loans secured by a loan agreement, mortgage, deed of trust, security instrument or other loan document
covering the Project or a portion thereof (collectively, “Loan Documents”) (provided that interest upon a government assessment or improvement bond payable in installments shall constitute an Operating Expense under
Subsection 9.1(a)); all payments of rent (but not taxes or operating expenses) under any ground lease or other underlying lease of all or any portion of the Project; salaries of executive officers of Landlord; depreciation claimed by Landlord
for tax purposes (provided that this exclusion of depreciation is not intended to delete from Operating Expenses actual costs of repairs and replacements that are provided for in Subsection 9.1(b)); taxes that are excluded from
Operating Expenses by the last sentence of Subsection 9.1(a); costs or expenses incurred in connection with the financing or sale of the Project or any portion thereof; costs to maintain reserves of any kind; costs incurred to remedy any non-compliance as of the Execution Date with Applicable Laws that was not caused by Tenant or any Tenant Party; costs incurred to remove, study, test or remediate Hazardous Materials (as defined below) to the extent
such Hazardous Materials existed on or about the Project as of the Execution Date and did not arise from and were not caused or exacerbated by Tenant or any Tenant Party (except with respect to those costs for which Tenant is otherwise responsible
pursuant to the express terms of this Lease, which costs shall remain Tenant’s direct obligation); costs arising from a breach of this Lease by Landlord or the gross negligence or willful misconduct of Landlord or its employees; costs expressly
excluded from Operating Expenses elsewhere in this Lease or that are charged to or paid by Tenant under other provisions of this Lease; professional fees and disbursements and other costs and expenses related to the ownership (as opposed to the use,
occupancy, operation, maintenance or repair) of the Project; capital expenditures, except Permitted Capital Expenditures; costs to subsidiaries or affiliates of Landlord for goods and/or services in or to the Project to the extent the same
materially exceeds arm’s-length competitive costs charged by firms that are not related to Landlord for the same goods and/or services; costs 

  
 13 

 
of Landlord’s charitable or political contributions; costs for the initial purchase of any fine art maintained at the Project; a property management fee other than the Property Management
Fee (as defined below); penalties, fines, interest or other similar charges incurred by Landlord due to Landlord’s inability or unwillingness to make payment of taxes and/or to file any tax or informational returns when due (unless due to a
default by Tenant); and any item that, if included in Operating Expenses, would involve a double collection for such item by Landlord. To the extent that Tenant uses more than Tenant’s Pro Rata Share of any item of Operating Expenses, Tenant
shall pay Landlord for such excess in addition to Tenant’s obligation to pay Tenant’s Pro Rata Share of Operating Expenses (such excess, together with Tenant’s Pro Rata Share, “Tenant’s Adjusted Share”). 

(d) Beginning with the 2021 calendar year, there shall be a cap (as further described in this Section, the
“Cap”) on Controllable Operating Expenses (as defined below) permitted to be charged to Tenant. For purposes of calculating Tenant’s share of Controllable Operating Expenses, the aggregate amount of Controllable Operating
Expenses that Landlord uses to determine Tenant’s share of Controllable Operating Expenses shall not increase more than five percent (5%) annually on a cumulative and compounding basis over the Controllable Operating Expenses Baseline (as
defined below). The “Controllable Operating Expenses Baseline” shall mean the aggregate amount of Controllable Operating Expenses incurred by Landlord and/or the 4575 Owner for the 2020 calendar year. “Controllable Operating
Expenses” means all Operating Expenses except for property taxes, assessments or impositions, capital expenditures, costs for repairs and maintenance (excluding preventative maintenance), utility charges, sewer fees, license, permit or
inspection fees imposed by a Governmental Authority, insurance charges, costs of services provided under a union contract, payments under CC&Rs (as defined below) or to an owners’ association, and costs associated with repairs due to
casualty, vandalism or other cause outside of Landlord’s or the 4575 Owner’s reasonable control or costs that Landlord or the 4575 Owner reasonably determines are necessary to prevent an adverse effect on the Project. For the avoidance of
doubt, Controllable Operating Expenses for the 2019 and 2020 calendar years shall not be subject to the Cap. 
 9.2. Tenant
shall pay to Landlord on the first day of each calendar month of the Term, as Additional Rent, (a) the Property Management Fee (as defined below), and (b) Landlord’s estimate of Tenant’s Adjusted Share of Operating Expenses with
respect to the Building and the Project, as applicable, for such month. 
 (w) The “Property Management Fee”
shall equal three percent (3%) of Base Rent due from Tenant. Tenant shall pay the Property Management Fee in accordance with Section 9.2 with respect to the entire Term, including any extensions thereof or any holdover
periods, regardless of whether Tenant is obligated to pay Base Rent, Operating Expenses or any other Rent with respect to any such period or portion thereof. For the first nine (9) months of the Term (and any period of occupancy prior to the
Term as further described in Section 9.5), the Property Management Fee shall be calculated as if Tenant were paying full unabated Base Rent under this Lease (i.e., Two Hundred Seven Thousand One Hundred Twenty-Nine and
00/100 

  
 14 

 
Dollars ($207,129.00) per month (or any such adjusted Base Rent as a result of Base Rent adjustments made pursuant to this Lease)). 

(x) Within ninety (90) days after the conclusion of each calendar year (or such longer period as may be reasonably
required by Landlord), Landlord shall furnish to Tenant a statement showing in reasonable detail the actual Operating Expenses, Tenant’s Adjusted Share of Operating Expenses, and the cost of providing utilities to the Premises for the previous
calendar year (“Landlord’s Statement”). Any additional sum due from Tenant to Landlord shall be due and payable within thirty (30) days after receipt of an invoice therefor. If the amounts paid by Tenant pursuant to this
Section exceed Tenant’s Adjusted Share of Operating Expenses for the previous calendar year, then Landlord shall credit the difference against the Rent next due and owing from Tenant; provided that, if the Lease term has expired,
Landlord shall accompany Landlord’s Statement with payment for the amount of such difference. 
 (y) Any amount due
under this Section for any period that is less than a full month shall be prorated for such fractional month on the basis of the number of days in the month. 

9.3. Landlord may, from time to time, modify Landlord’s calculation and allocation procedures for Operating Expenses, so
long as such modifications produce Dollar results substantially consistent with Landlord’s then-current practice at the Project. Landlord or an affiliate(s) of Landlord currently own other property(ies) adjacent to the Project or its
neighboring properties (collectively, “Neighboring Properties”). In connection with Landlord performing services for the Project pursuant to this Lease, similar services may be performed by the same vendor(s) for Neighboring
Properties. In such a case, Landlord shall reasonably allocate to each Building and the Project the costs for such services based upon the ratio that the square footage of the Building or the Project (as applicable) bears to the total square footage
of all of the Neighboring Properties or buildings within the Neighboring Properties for which the services are performed, unless the scope of the services performed for any building or property (including the Building and the Project) is
disproportionately more or less than for others, in which case Landlord shall equitably allocate the costs based on the scope of the services being performed for each building or property (including the Building and the Project). Since the Project
consists of multiple buildings, certain Operating Expenses may pertain to a particular building(s) and other Operating Expenses to the Project as a whole. Landlord reserves the right to reasonably allocate any such costs applicable to any particular
building within the Project to such building, and other such costs applicable to the Project to each building in the Project (including the Building), with the tenants in each building being responsible for paying their respective proportionate
shares of their buildings to the extent required under their leases. Landlord shall allocate such costs to the buildings (including the Building) in a reasonable, non-discriminatory manner. 

9.4. Landlord’s Statement shall be final and binding upon Tenant unless Tenant, within forty-five (45) days after
Tenant’s receipt thereof, shall contest any item therein by giving written notice to Landlord, specifying each item contested and the reasons therefor; provided that 

  
 15 

 
Tenant shall in all events pay the amount specified in Landlord’s Statement, pending the results of the Independent Review and determination of the Accountant(s), as applicable and as each
such term is defined below. If, during such forty-five (45)-day period, Tenant reasonably and in good faith questions or contests the correctness of Landlord’s statement of Tenant’s Adjusted Share of
Operating Expenses, Landlord shall provide Tenant with reasonable access to Landlord’s books and records to the extent relevant to determination of Operating Expenses, and such information as Landlord reasonably determines to be responsive to
Tenant’s written inquiries. Upon Tenant’s request, Landlord agrees to provide such books and records and such other information required to be provided by Landlord electronically following Tenant’s written request. In the event that,
after Tenant’s review of such information, Landlord and Tenant cannot agree upon the amount of Tenant’s Adjusted Share of Operating Expenses, then Tenant shall have the right to have an independent public accounting firm hired by Tenant on
an hourly basis and not on a contingent-fee basis (at Tenant’s sole cost and expense) and approved by Landlord (which approval Landlord shall not unreasonably withhold or delay) audit and review such of
Landlord’s books and records for the year in question as directly relate to the determination of Operating Expenses for such year (the “Independent Review”), but not books and records of entities other than Landlord. Landlord
shall make such books and records available at the location where Landlord maintains them in the ordinary course of its business. Landlord need not provide copies of any books or records; provided that, in connection with an Independent
Review, Landlord agrees to provide the applicable books and records required by this Lease electronically following Tenant’s written request. Tenant shall commence the Independent Review within fifteen (15) days after the date Landlord has
given Tenant access to Landlord’s books and records for the Independent Review. Tenant shall complete the Independent Review and notify Landlord in writing of Tenant’s specific objections to Landlord’s calculation of Operating
Expenses (including Tenant’s accounting firm’s written statement of the basis, nature and amount of each proposed adjustment) no later than sixty (60) days after Landlord has first given Tenant access to Landlord’s books and
records for the Independent Review. Landlord shall review the results of any such Independent Review. The parties shall endeavor to agree promptly and reasonably upon Operating Expenses taking into account the results of such Independent Review. If,
as of the date that is sixty (60) days after Tenant has submitted the Independent Review to Landlord, the parties have not agreed on the appropriate adjustments to Operating Expenses, then the parties shall engage a mutually agreeable
independent third party accountant with at least ten (10) years’ experience in commercial real estate accounting in the San Diego area (the “Accountant”). If the parties cannot agree on the Accountant, each shall within
ten (10) days after such impasse appoint an Accountant (different from the accountant and accounting firm that conducted the Independent Review) and, within ten (10) days after the appointment of both such Accountants, those two
Accountants shall select a third (which cannot be the accountant and accounting firm that conducted the Independent Review). If either party fails to timely appoint an Accountant, then the Accountant the other party appoints shall be the sole
Accountant. Within ten (10) days after appointment of the Accountant(s), Landlord and Tenant shall each simultaneously give the Accountants (with a copy to the other party) its determination of Operating Expenses, with such supporting data or
information as each submitting party determines appropriate. Within ten (10) days after such submissions, the Accountants shall by majority vote select either Landlord’s or Tenant’s 

  
 16 

 
determination of Operating Expenses. The Accountants may not select or designate any other determination of Operating Expenses. The determination of the Accountant(s) shall bind the parties. If
the parties agree or the Accountant(s) determine that the Operating Expenses actually paid by Tenant for the calendar year in question exceeded Tenant’s obligations for such calendar year, then Landlord shall, at Tenant’s option, either
(a) credit the excess to the next succeeding installments of estimated Additional Rent or (b) pay the excess to Tenant within thirty (30) days after delivery of such results. If the parties agree or the Accountant(s) determine that
Tenant’s payments of Operating Expenses for such calendar year were less than Tenant’s obligation for the calendar year, then Tenant shall pay the deficiency to Landlord within thirty (30) days after delivery of such results. If the
Independent Review reveals or the Accountant(s) determine that the Operating Expenses billed to Tenant by Landlord and paid by Tenant to Landlord for the applicable calendar year in question exceeded by more than five percent (5%) what Tenant should
have been billed during such calendar year, then Landlord shall pay the reasonable cost of the Independent Review and the reasonable cost of the Accountant(s). In all other cases Tenant shall pay the cost of the Independent Review and the
Accountant(s). 
 9.5. Tenant shall not be responsible for Operating Expenses with respect to any time period prior to the
Term Commencement Date; provided, however, that if Tenant occupies the Premises for the conduct of its business prior to the Term Commencement Date, Tenant shall be responsible for Operating Expenses from such earlier date of possession (the
Term Commencement Date or such earlier date, as applicable, the “Expense Trigger Date”); and provided, further, that Landlord may annualize certain Operating Expenses incurred prior to the Expense Trigger Date over the course
of the budgeted year during which the Expense Trigger Date occurs, and Tenant shall be responsible for the annualized portion of such Operating Expenses corresponding to the number of days during such year, commencing with the Expense Trigger Date,
for which Tenant is otherwise liable for Operating Expenses pursuant to this Lease. Tenant’s responsibility for Tenant’s Adjusted Share of Operating Expenses shall continue to the latest of (a) the date of termination of the Lease,
and (b) the date Tenant has fully vacated the Premises, provided that the foregoing shall in no event limit Landlord’s right to recover unpaid Rent for the balance of the Term in accordance with Section 31.5 if this Lease is
terminated due to a default by Tenant. 
 9.6. Operating Expenses for the calendar year in which Tenant’s obligation to
share therein commences and for the calendar year in which such obligation ceases shall be prorated on a basis reasonably determined by Landlord. Expenses such as taxes, assessments and insurance premiums that are incurred for an extended time
period shall be prorated based upon the time periods to which they apply so that the amounts attributed to the Premises relate in a reasonable manner to the time period wherein Tenant has an obligation to share in Operating Expenses. 

9.7. Within thirty (30) days after the end of each calendar month, Tenant shall submit to Landlord an invoice, or, in the
event an invoice is not available, an itemized list, of all costs and expenses that (a) Tenant has incurred (either internally or by employing third parties) during the prior month and (b) for which Tenant reasonably believes it is
entitled to reimbursements 

  
 17 

 
from Landlord pursuant to the terms of this Lease or that Tenant reasonably believes is the responsibility of Landlord pursuant to this Lease or the Work Letter. 

9.8. In the event that the Building or Project is less than fully occupied during a calendar year, Tenant acknowledges that
Landlord and/or the 4575 Owner may extrapolate Operating Expenses that vary depending on the occupancy of the Building or Project, as applicable, to equal Landlord’s or the 4575 Owner’s (as applicable) reasonable estimate of what such
Operating Expenses would have been had the Building or Project, as applicable, been ninety-five percent (95%) occupied during such calendar year; provided, however, that Landlord shall not recover more than one hundred percent (100%) of
Operating Expenses. 
 10. Taxes on Tenant’s Property. 

10.1. Tenant shall be solely responsible for the payment of any and all taxes levied upon (a) personal property and trade
fixtures located at the Premises and (b) any gross or net receipts of or sales by Tenant, and shall pay the same at least twenty (20) days prior to delinquency. 

10.2. If any such taxes on Tenant’s personal property or trade fixtures are levied against Landlord and/or the 4575 Owner
or Landlord’s and/or the 4575 Owner’s property or, if the assessed valuation of the Building, the Property or the Project is increased by inclusion therein of a value attributable to Tenant’s personal property or trade fixtures, and
if Landlord and/or the 4575 Owner, after written notice from Landlord to Tenant, pays the taxes based upon any such increase in the assessed value of the Building, the Property or the Project, then Tenant shall, upon demand, repay to Landlord and/or
the 4575 Owner the taxes so paid by Landlord and/or the 4575 Owner, as applicable. 
 10.3. If any improvements in or
alterations to the Premises, whether owned by Landlord or Tenant and whether or not affixed to the real property so as to become a part thereof, are assessed for real property tax purposes at a valuation higher than the valuation at which
improvements conforming to Landlord’s building standards (the “Building Standard”) in other spaces in the Building are assessed, then the real property taxes and assessments levied against Landlord and/or the 4575 Owner or the
Building, the Property or the Project by reason of such 

  
 18 

 
excess assessed valuation shall be deemed to be taxes levied against personal property of Tenant and shall be governed by the provisions of Section 10.2. Any such excess
assessed valuation due to improvements in or alterations to space in the Project leased by other tenants at the Project shall not be included in Operating Expenses. If the records of the applicable governmental assessor’s office are available
and sufficiently detailed to serve as a basis for determining whether such Tenant improvements or alterations are assessed at a higher valuation than the Building Standard, then such records shall be binding on both Landlord and Tenant. 

11. Security Deposit. 

11.1. Tenant shall deposit with Landlord on or before the Execution Date the sum set forth in
Section 2.6 (the “Security Deposit”), which sum shall be held by Landlord as security for the faithful performance by Tenant of all of the terms, covenants and conditions of this Lease to be kept and
performed by Tenant during the period commencing on the Execution Date and ending upon the expiration or termination of Tenant’s obligations under this Lease. If Tenant Defaults (as defined below) with respect to any provision of this Lease,
including any provision relating to the payment of Rent, then Landlord may (but shall not be required to) use, apply or retain all or any part of the Security Deposit for the payment of any Rent or any other sum in default, or to compensate Landlord
for any other loss or damage that Landlord may suffer by reason of Tenant’s default. If any portion of the Security Deposit is so used or applied, then Tenant shall, within ten (10) days following demand therefor, deposit cash with
Landlord in an amount sufficient to restore the Security Deposit to its original amount, and Tenant’s failure to do so shall be a material breach of this Lease. The provisions of this Article shall survive the expiration or earlier termination
of this Lease. TENANT HEREBY WAIVES THE REQUIREMENTS OF SECTION 1950.7 OF THE CALIFORNIA CIVIL CODE, AS THE SAME MAY BE AMENDED FROM TIME TO TIME. 

11.2. In the event of bankruptcy or other debtor-creditor proceedings against Tenant, the Security Deposit shall be deemed to
be applied first to the payment of Rent and other charges due Landlord for all periods prior to the filing of such proceedings. 

11.3. Landlord may deliver to any purchaser of Landlord’s interest in the Premises the funds deposited hereunder by
Tenant, and thereupon Landlord shall be discharged from any further liability with respect to such deposit. This provision shall also apply to any subsequent transfers. 

11.4. If Tenant shall fully and faithfully perform every provision of this Lease to be performed by it, then the Security
Deposit, or any balance thereof, shall be returned to Tenant (or, at Landlord’s option, to the last assignee of Tenant’s interest hereunder) within thirty (30) days after the expiration or earlier termination of this Lease. 

11.5. If the Security Deposit shall be in cash, Landlord shall hold the Security Deposit in an account at a banking
organization selected by Landlord; provided, however, that Landlord shall not be required to maintain a separate account for the Security Deposit, but may intermingle it with other funds of Landlord. Landlord shall be entitled to all interest
and/or 

  
 19 

 
dividends, if any, accruing on the Security Deposit. Landlord shall not be required to credit Tenant with any interest for any period during which Landlord does not receive interest on the
Security Deposit. 
 11.6. The Security Deposit may be in the form of cash, a letter of credit or any other security
instrument proposed by Tenant that is acceptable to Landlord in its sole discretion. Tenant may at any time, except when Tenant is in Default (as defined below), deliver a letter of credit (the “L/C Security”) as the entire Security
Deposit, as follows: 
 (a) If Tenant elects to deliver L/C Security, then Tenant shall provide Landlord, and maintain in
full force and effect throughout the Term and until the date that is four (4) months after the then-current Term Expiration Date, a letter of credit in the form of Exhibit E issued by an issuer reasonably satisfactory to Landlord, in the
amount of the Security Deposit, with an initial term of at least one year. Landlord may require the L/C Security to be re-issued by a different issuer at any time during the Term if Landlord reasonably
believes that the issuing bank of the L/C Security is or may soon become insolvent; provided, however, Landlord shall return the existing L/C Security to the existing issuer immediately upon receipt of the substitute L/C Security. If any issuer of
the L/C Security shall become insolvent or placed into FDIC receivership, then Tenant shall immediately deliver to Landlord (without the requirement of notice from Landlord) substitute L/C Security issued by an issuer reasonably satisfactory to
Landlord, and otherwise conforming to the requirements set forth in this Article. As used herein with respect to the issuer of the L/C Security, “insolvent” shall mean the determination of insolvency as made by such issuer’s primary
bank regulator (i.e., the state bank supervisor for state chartered banks; the OCC or OTS, respectively, for federally chartered banks or thrifts; or the Federal Reserve for its member banks). If, at the Term Expiration Date, any Rent remains
uncalculated or unpaid, then (i) Landlord shall with reasonable diligence complete any necessary calculations, (ii) Tenant shall extend the expiry date of such L/C Security from time to time as Landlord reasonably requires and
(iii) in such extended period, Landlord shall not unreasonably refuse to consent to an appropriate reduction of the L/C Security. Tenant shall reimburse Landlord’s legal costs (as estimated by Landlord’s counsel) in handling
Landlord’s acceptance of L/C Security or its replacement or extension, not to exceed Five Thousand Dollars ($5,000) in any one instance. 

(b) If Tenant delivers to Landlord satisfactory L/C Security in place of the entire Security Deposit, Landlord shall remit to
Tenant any cash Security Deposit Landlord previously held. 
 (c) Landlord may draw upon the L/C Security, and hold and apply
the proceeds in the same manner and for the same purposes as the Security Deposit, if (i) an uncured Default (as defined below) exists, (ii) as of the date that is forty-five (45) days before any L/C Security expires (even if such
scheduled expiry date is after the Term Expiration Date) Tenant has not delivered to Landlord an amendment or replacement for such L/C Security, reasonably satisfactory to Landlord, extending the expiry date to the earlier of (1) four (4)
months after the 

  
 20 

 
then-current Term Expiration Date or (2) the date that is one year after the then-current expiry date of the L/C Security, (iii) the L/C Security provides for automatic renewals,
Landlord asks the issuer to confirm the current L/C Security expiry date, and the issuer fails to do so within ten (10) business days, (iv) Tenant fails to pay (when and as Landlord reasonably requires) any bank charges for Landlord’s
transfer of the L/C Security or (v) the issuer of the L/C Security ceases, or announces that it will cease, to maintain an office in the city where Landlord may present drafts under the L/C Security (and fails to permit drawing upon the L/C
Security by overnight courier or facsimile). This Section does not limit any other provisions of this Lease allowing Landlord to draw the L/C Security under specified circumstances. 

(d) Tenant shall not seek to enjoin, prevent, or otherwise interfere with Landlord’s draw under L/C Security, even if it
violates this Lease. Tenant acknowledges that the only effect of a wrongful draw would be to substitute a cash Security Deposit for L/C Security, causing Tenant no legally recognizable damage. Landlord shall hold the proceeds of any draw in the same
manner and for the same purposes as a cash Security Deposit. In the event of a wrongful draw, the parties shall cooperate to allow Tenant to post replacement L/C Security simultaneously with the return to Tenant of the wrongfully drawn sums, and
Landlord shall upon request confirm in writing to the issuer of the L/C Security that Landlord’s draw was erroneous. 

(e) If Landlord transfers its interest in the Premises, then Tenant shall at Tenant’s expense, within five
(5) business days after receiving a request from Landlord, deliver (and, if the issuer requires, Landlord shall consent to) an amendment to the L/C Security naming Landlord’s grantee as substitute beneficiary. If the required Security
Deposit changes while L/C Security is in force, then Tenant shall deliver (and, if the issuer requires, Landlord shall consent to) a corresponding amendment to the L/C Security. 

11.7. In the event Tenant uses any the Additional TI Allowance, Tenant shall, within five (5) days of any increase in Base
Rent as a result thereof, pay to Landlord the amount of such increase as an additional Security Deposit, as a component of its obligations under this Article. 

12. Use. 

12.1. Tenant shall use the Premises for the Permitted Use, and shall not use the Premises, or permit or suffer the Premises to
be used, for any other purpose without Landlord’s prior written consent, which consent Landlord may withhold in its sole and absolute discretion. During the Term, Tenant shall, subject to Force Majeure, casualty, condemnation, closures in
connection with Landlord’s repair and maintenance obligations under this Lease, and all of the other terms, conditions and provisions of this Lease, have access to the Premises twenty-four (24) hours per day, seven (7) days per week.

 12.2. Without limiting Landlord’s obligations under Section 5 of this Lease or the Work
Letter, Tenant shall not use or occupy the Premises in violation of Applicable Laws, zoning ordinances, or the certificate of occupancy (or its substantial equivalent) issued for the Building or the Project, and shall, upon five (5) days’
written notice from Landlord, discontinue any use of the Premises that is declared or claimed by any Governmental Authority having 

  
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jurisdiction to be a violation of any of the above, or that in Landlord’s reasonable opinion violates any of the above; provided that, Tenant shall not be obligated to make or be liable for
any alterations required to be made outside of the Premises to comply with Applicable Laws except (a) to the extent triggered or required as a result of any Alterations performed by or on behalf of Tenant (but excluding the initial Tenant
Improvements); (b) to the extent triggered or required as a result of Tenant’s particular use of the Premises; (c) as part of Tenant’s Adjusted Share of Operating Expenses; and/or (d) to the extent caused by any default by Tenant
or as otherwise included as part of Tenant’s indemnification obligations under this Lease. Tenant shall comply with any direction of any Governmental Authority having jurisdiction that shall, by reason of the nature of Tenant’s use or
occupancy of the Premises, impose any duty upon Tenant or Landlord with respect to the Premises or with respect to the use or occupation thereof, and shall indemnify, defend (at the option of and with counsel reasonably acceptable to the indemnified
party(ies)), save, reimburse and hold harmless (collectively, “Indemnify,” “Indemnity” or “Indemnification,” as the case may require) Landlord and its affiliates, employees, agents and contractors;
and any lender, mortgagee, ground lessor or beneficiary (each, a “Lender” and, collectively with Landlord and its affiliates, employees, agents and contractors, the “Landlord Indemnitees”) harmless from and against
any and all demands, claims, liabilities, losses, costs, expenses, actions, causes of action, damages, suits or judgments, and all reasonable expenses (including reasonable attorneys’ fees, charges and disbursements, regardless of whether the
applicable demand, claim, action, cause of action or suit is voluntarily withdrawn or dismissed) incurred in investigating or resisting the same (collectively, “Claims”) of any kind or nature that arise before, during or after the
Term as a result of Tenant’s breach of this Section. 
 12.3. Tenant shall not do or permit to be done anything that
will invalidate or increase the cost of any fire, environmental, extended coverage or any other insurance policy covering the Building or the Project, and shall comply with all rules, orders, regulations and requirements of the insurers of the
Building and the Project, and Tenant shall promptly, upon demand, reimburse Landlord for any additional premium charged for such policy by reason of Tenant’s failure to comply with the provisions of this Article. 

12.4. Tenant shall keep all doors opening onto public corridors closed, except when in use for ingress and egress. 

12.5. No additional locks or bolts of any kind shall be placed upon any of the doors or windows by Tenant, nor shall any
changes be made to existing locks or the mechanisms thereof without Landlord’s prior written consent. Tenant shall, upon termination of this Lease, return to Landlord all keys to offices and restrooms either furnished to or otherwise procured
by Tenant. In the event any key so furnished to Tenant is lost, Tenant shall pay to Landlord the cost of replacing the same or of changing the lock or locks opened by such lost key if Landlord shall deem it necessary to make such change.
Notwithstanding the foregoing, but subject to Landlord’s approval (in accordance with Section 17.1), Tenant may, at Tenant’s sole cost and expense as an Alteration (as defined below), install its own integrated
security system in the Premises (the “Tenant Security System”); provided, however, that (a) Tenant’s installation of the 

  
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Tenant Security System shall be subject to all of the terms, conditions and provisions of this Lease governing Alterations (including, without limitation, Article 17), (b) Tenant shall use
reasonable efforts to select a Tenant Security System that is reasonably compatible with any Landlord security system in place at the Building or Project as of the Term Commencement Date and (c) Tenant shall coordinate the installation and
operation of the Tenant Security System with Landlord to assure that the Tenant Security System does not interfere with (y) any such Landlord security system in place as of the Term Commencement Date (for which security system Landlord makes no
representations or warranties of any kind whatsoever, including the functionality or integration of any such Landlord security system), and (z) the Building’s systems and equipment. Tenant shall be solely responsible, at Tenant’s sole
cost and expense, for monitoring and operating the Tenant Security System. Landlord may require Tenant, at Tenant’s sole cost, to remove the Tenant Security System and restore the Building to its condition prior to the installation of the
Tenant Security System upon the expiration or earlier termination of this Lease. 
 12.6. No awnings or other projections
shall be attached to any outside wall of the Building. No curtains, blinds, shades or screens shall be attached to or hung in, or used in connection with, any window or door of the Premises other than Landlord’s standard window coverings.
Neither the interior nor exterior of any windows shall be coated or otherwise sunscreened without Landlord’s prior written consent, nor shall any bottles, parcels or other articles be placed on the windowsills or items attached to windows that
are visible from outside the Premises. No equipment, furniture or other items of personal property shall be placed on any exterior balcony without Landlord’s prior written consent, which consent shall not be unreasonably withheld, conditioned
or delayed. 
 12.7. No sign, advertisement or notice (“Signage”) shall be exhibited, painted or affixed by
Tenant on any part of the Premises (that is visible outside of the Premises) or the Building without Landlord’s prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed. Signage shall conform to
Landlord’s commercially reasonable, non-discriminatory design criteria; provided that, subject to Landlord’s approval, not to be unreasonably withheld, conditioned or delayed, Tenant may use
Tenant’s then-current logo and typeface for any building-top Signage and Signage on the interior of the Premises. For any Signage, Tenant shall, at Tenant’s own cost and expense, (a) acquire all
permits for such Signage in compliance with Applicable Laws and (b) design, fabricate, install and maintain such Signage in a first-class condition. Tenant shall be responsible for reimbursing Landlord for costs incurred by Landlord in removing
any of Tenant’s Signage upon the expiration or earlier termination of the Lease. Interior signs on entry doors to the Premises and the directory tablet shall be inscribed, painted or affixed for Tenant by Landlord at Tenant’s sole cost and
expense, and shall be of a size, color and type and be located in a place reasonably acceptable to Landlord. The directory tablet shall be provided exclusively for the display of the name and location of tenants only. Tenant shall not place anything
on the exterior of the corridor walls or corridor doors other than Landlord’s standard lettering. For so long as a monument sign exists for tenants of the Building, Tenant shall be entitled to a space on such monument sign. With respect to any
Tenant Signage requested by Tenant, at Landlord’s option, Landlord may install any such Tenant 

  
 23 

 
Signage, and Tenant shall pay all costs associated with such installation within thirty (30) days after demand therefor. Subject to Landlord’s prior written consent (which shall not be
unreasonably withheld, conditioned or delayed) and compliance with Applicable Laws, any CC&Rs (as defined below) applicable to the Project and the Rules and Regulations (as defined below), and, provided that Tenant (or Tenant’s Affiliate
pursuant to an Exempt Transfer) (g) continues to lease and personally occupy at least fifty percent (50%) of the Premises, and (h) leases more of the Building than any other tenant of the Building, Tenant shall be entitled to exclusive Building-top Signage on the northern or southern façade of the Building. If any such Building-top Signage is installed and then Tenant (and/or Tenant’s Affiliate
pursuant to an Exempt Transfer) subsequently ceases to lease and personally occupy fifty percent (50%) of the Premises or is no longer leasing more space in the Building than any other tenant in the Building, Landlord (at Landlord’s option in
Landlord’s sole and absolute discretion) may (y) require Tenant (at Tenant’s sole cost and expense) to remove any such Building-top Signage and repair any damage caused thereby or
(z) remove any such Building-top Signage and repair any damage caused thereby and charge Tenant for the costs thereof, which Tenant shall pay to Landlord within ten (10) days after receiving an
invoice therefor. The Building-top Signage rights set forth in this Section shall be personal to the original Tenant (and/or Tenant’s Affiliate pursuant to an Exempt Transfer) and Tenant shall not
Transfer (as defined below) such Building-top Signage rights without Landlord’s prior written consent in Landlord’s sole and absolute discretion. 

12.8. Tenant may only place equipment within the Premises with floor loading consistent with the Building’s structural
design unless Tenant obtains Landlord’s prior written approval. Tenant may place such equipment only in a location designed to carry the weight of such equipment. 

12.9. Tenant shall cause any equipment or machinery to be installed in the Premises so as to reasonably prevent sounds or
vibrations therefrom from extending into the Common Area or other offices in the Project. 
 12.10. Tenant shall not
(a) do or permit anything to be done in or about the Premises that shall in any way obstruct or interfere with the rights of other tenants or occupants of the Project, or injure or annoy them, (b) use or allow the Premises to be used for
immoral, unlawful or objectionable purposes, (c) cause, maintain or permit any nuisance or waste in, on or about the Project or (d) take any other action that would in Landlord’s reasonable determination in any manner adversely affect
other tenants’ quiet use and enjoyment of their space or adversely impact their ability to conduct business in a professional and suitable work environment. Notwithstanding anything in this Lease to the contrary, Tenant may not install any
security systems (including cameras) outside the Premises or that record sounds or images outside the Premises without Landlord’s prior written consent, which Landlord may withhold in its sole and absolute discretion. 

12.11. Notwithstanding any other provision herein to the contrary (and without limiting Landlord’s obligation with respect
to the performance of the Tenant Improvements and the 

  
 24 

 
Landlord Improvements, in each case to be constructed in the Premises, and payment of the Base TI Allowance and, if properly requested by Tenant pursuant to the terms of the Lease, the Additional
TI Allowance), Tenant shall be responsible for all liabilities, costs and expenses arising from or in connection with the compliance of the Premises with the Americans with Disabilities Act, 42 U.S.C. § 12101, et seq., and any state and local
accessibility laws, codes, ordinances and rules (collectively, and together with regulations promulgated pursuant thereto, the “ADA”) during the Term, and Tenant shall Indemnify the Landlord Indemnitees from and against any Claims
arising from any such failure of the Premises to comply with the ADA; provided that, Tenant shall not be obligated to make or be liable for any alterations required to be made outside of the Premises to comply with the ADA, except (a) to
the extent triggered or required as a result of any Alterations performed by or on behalf of Tenant (but excluding the initial Tenant Improvements); (b) to the extent triggered or required as a result of Tenant’s particular use of the Premises;
(c) as part of Tenant’s Adjusted Share of Operating Expenses; or (d) to the extent caused by any default by Tenant or as otherwise included as part of Tenant’s indemnification obligations under this Lease. The Premises have not
undergone inspection by a Certified Access Specialist (“CASp,” as defined in California Civil Code Section 55.52). Even if not required by California law, the Premises may be inspected by a CASp to determine whether the
Premises comply with the ADA, and Landlord may not prohibit a CASp performing such an inspection. If Tenant requests that such an inspection take place, Landlord and Tenant shall agree on the time and manner of the inspection, as well as which party
will pay the cost of the inspection and the cost to remedy any defects identified by the CASp. A Certified Access Specialist can inspect the Premises and determine whether the Premises comply with all of the applicable construction-related
accessibility standards under State law. Although State law does not require a Certified Access Specialist inspection of the Premises, Landlord may not prohibit Tenant from obtaining a Certified Access Specialist inspection of the Premises for the
occupancy or potential occupancy of Tenant, if requested by Tenant. Landlord and Tenant shall agree on the arrangements for the time and manner of the Certified Access Specialist inspection, the payment of the fee for the Certified Access Specialist
inspection, and the cost of making any repairs necessary to correct violations of construction-related accessibility standards within the Premises. The provisions of this Section shall survive the expiration or earlier termination of this Lease.

 13. Rules and Regulations, CC&Rs, Parking Facilities and Common Area. 

13.1. Tenant shall have the non-exclusive right, in common with others, to use the
Common Area in conjunction with Tenant’s use of the Premises for the Permitted Use, and such use of the Common Area and Tenant’s use of the Premises shall be subject to the rules and regulations adopted by Landlord and attached hereto as
Exhibit F, together with such other reasonable and nondiscriminatory rules and regulations as are hereafter promulgated by Landlord in its sole and absolute discretion (the “Rules and Regulations”). Landlord shall enforce the
Rules and Regulations in a non-discriminatory manner. Tenant shall and shall ensure that its contractors, subcontractors, employees, subtenants and invitees faithfully observe and comply

  
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 with the Rules and Regulations. Landlord shall not be responsible to Tenant for the
violation or non-performance by any other tenant or any agent, employee or invitee thereof of any of the Rules and Regulations. 

13.2. This Lease is subject to any recorded covenants, conditions or restrictions on the Project or Property, as the same may
be amended, amended and restated, supplemented or otherwise modified from time to time (the “CC&Rs”), provided that Landlord agrees not to voluntarily execute any further amendments, restatements, supplements or modifications of
the CC&Rs that would materially and adversely affect Tenant’s rights or obligations hereunder. Tenant shall, at its sole cost and expense, comply with the CC&Rs. 

13.3. Tenant shall have a non-exclusive, irrevocable license to use one hundred
thirty-eight (138) parking spaces in the parking facilities serving the Building (the “Allotted Parking Spaces”), in common on an unreserved basis with other tenants of the Building during the Term at no additional cost during
the Term. Tenant shall have the right to mark (at Tenant’s sole cost and expense) up to fifteen (15) visitor parking spaces for Tenant’s exclusive use in the location shown on Exhibit G attached hereto and incorporated herein
by reference; provided, that such designation shall constitute use thereof and such visitor parking spaces shall be part of and not in addition to the Tenant’s Allotted Parking Spaces set forth above. 

13.4. Tenant agrees not to unreasonably overburden the parking facilities and agrees to cooperate with Landlord and other
tenants in the use of the parking facilities, provided Tenant shall not be deemed to be unreasonably overburdening the parking facilities so long as Tenant is only using Tenant’s Allotted Parking Spaces in accordance with the terms of
this Lease. Landlord reserves the right to determine that parking facilities are becoming overcrowded and to limit Tenant’s use thereof. Upon such determination, Landlord may reasonably allocate parking spaces among Tenant and other tenants of
the Building or the Project. Nothing in this Section, however, is intended to create an affirmative duty on Landlord’s part to monitor parking. 

13.5. Subject to the terms of this Lease including the Rules and Regulations and the rights of other tenants of the Building,
Tenant shall have the non-exclusive right to access the freight loading dock, at no additional cost. 

14. Project Control by Landlord. 

14.1. Landlord reserves full control over the Building and the Project to the extent not inconsistent with Tenant’s
enjoyment of the Premises as provided by this Lease. This reservation includes Landlord’s right to subdivide the Project; convert the Building and other buildings within the Project to condominium units; change the size of the Project by
selling all or a portion of the Project or adding real property and any existing or new buildings and other improvements thereon to the Project; grant easements and licenses to third parties; maintain or establish ownership of the Building separate
from fee title to the Property; make additions to or reconstruct portions of the Building and the Project; install, use, maintain, repair, replace and relocate for service to the Premises and other parts of the Building or the Project pipes, ducts,
conduits, wires and appurtenant fixtures, wherever located in the Premises, the Building or 

  
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elsewhere at the Project; alter or relocate any other Common Area or facility, including private drives, lobbies, entrances and landscaping and consent to any of the foregoing actions by the 4575
Owner with respect to the portion of the Project owned by the 4575 Owner; provided, however, that such rights shall be exercised in a way that does not materially adversely affect Tenant’s beneficial use and occupancy of the Premises,
including the Permitted Use and Tenant’s access to the Premises, or materially and adversely reduce or diminish Tenant’s parking and signage rights under this Lease. Tenant acknowledges that Landlord specifically reserves the right to
allow the exclusive use of corridors and restroom facilities located on specific floors to one or more tenants occupying such floors; provided, however, that Tenant shall not be deprived of the use of the corridors reasonably required to
serve the Premises or of restroom facilities serving the floors upon which the Premises are located. Notwithstanding anything to the contrary in this Lease, Tenant acknowledges that the 4575 Owner has full control over the portion of the Project
located on the 4575 Property (including all rights reserved to Landlord above) and, notwithstanding anything in this Section to the contrary, nothing herein shall in any way restrict any right that the 4575 Owner may have or may obtain in the future
with respect to the portion of the Project located on the 4575 Property (or the 4575 Owner’s method of exercising any such rights). 

14.2. Possession of areas of the Premises necessary for utilities, services, safety and operation of the Building is reserved
to Landlord. 
 14.3. Tenant shall, at Landlord’s request, promptly execute such further documents as may be reasonably
appropriate to assist Landlord in the performance of its obligations hereunder; provided that Tenant need not execute any document that creates additional liability for Tenant or that deprives Tenant of the quiet enjoyment and use of the
Premises as provided for in this Lease. 
 14.4. Landlord may, at any and all reasonable times during non-business hours (or during business hours, if (a) with respect to Subsections 14.4(m) through 14.4(q), Tenant so requests, and (b) with respect to Subsection 14.4(r), if Landlord so
requests), and upon twenty-four (24) hours’ prior notice (which may be oral or by email to the office manager or other Tenant-designated individual at the Premises; but provided that no time restrictions shall apply or advance
notice be required if an emergency necessitates immediate entry), enter the Premises to (m) inspect the same and to determine whether Tenant is in compliance with its obligations hereunder, (n) supply any service Landlord is required to
provide hereunder, (o) alter, improve or repair any portion of the Building other than the Premises for which access to the Premises is reasonably necessary, (p) post notices of nonresponsibility, (q) access the telephone equipment,
electrical substation and fire risers and (r) show the Premises to prospective tenants during the final year of the Term and current and prospective purchasers and lenders at any time. In connection with any such alteration, improvement or
repair as described in Subsection 14.4(o), Landlord may erect in the Premises or elsewhere in the Project scaffolding and other structures reasonably required for the alteration, improvement or repair work to be performed. In no event shall
Tenant’s Rent abate as a result of Landlord’s activities pursuant to this Section; provided, however, that all such activities shall be conducted in such a manner so as to cause as little

  
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interference to Tenant as is reasonably possible. Landlord shall at all times retain a key with which to unlock all of the doors in the Premises. If an emergency necessitates immediate access to
the Premises, Landlord may use whatever force is necessary to enter the Premises, and any such entry to the Premises shall not constitute a forcible or unlawful entry to the Premises, a detainer of the Premises, or an eviction of Tenant from the
Premises or any portion thereof. 
 15. Quiet Enjoyment. Landlord covenants that Tenant, upon paying the Rent and performing its
obligations contained in this Lease, may peacefully and quietly have, hold and enjoy the Premises, free from any claim by Landlord or persons claiming under Landlord, but subject to all of the terms and provisions hereof, provisions of Applicable
Laws and rights of record to which this Lease is or may become subordinate. This covenant is in lieu of any other quiet enjoyment covenant, either express or implied. 

16. Utilities and Services. 

16.1. During the Term, Tenant shall pay for all water (including the cost to service, repair and replace reverse osmosis, de-ionized and other treated water), gas, heat, light, power, telephone, internet service, cable television, other telecommunications and other utilities supplied to the Premises, together with any fees, surcharges
and taxes thereon. If any such utility is not separately metered to Tenant, Tenant shall pay Tenant’s Adjusted Share of all charges of such utility jointly metered with other premises as Additional Rent or, in the alternative, Landlord may, at
its option, monitor the usage of such utilities by Tenant and charge Tenant with the cost of purchasing, installing and monitoring such metering equipment, which cost shall be paid by Tenant as Additional Rent. Landlord may base its bills for
utilities on reasonable estimates; provided that Landlord adjusts such billings as part of the next Landlord’s Statement (or more frequently, as determined by Landlord) to reflect the actual cost of providing utilities to the Premises.
To the extent that Tenant uses more than Tenant’s Pro Rata Share of any utilities, then Tenant shall pay Landlord for Tenant’s Adjusted Share of such utilities to reflect such excess. In the event that the Building or Project is less than
fully occupied during a calendar year, Tenant acknowledges that Landlord and/or the 4575 Owner may extrapolate utility usage that varies depending on the occupancy of the Building or Project (as applicable) to equal Landlord’s or the 4575
Owner’s (as applicable) reasonable estimate of what such utility usage would have been had the Building or Project, as applicable, been ninety-five percent (95%) occupied during such calendar year; provided, however, that Landlord shall
not recover more than one hundred percent (100%) of the cost of such utilities. Tenant shall not be liable for the cost of utilities supplied to the Premises attributable to the time period prior to the Term Commencement Date; provided,
however, that, if Landlord shall permit Tenant possession of the Premises prior to the Term Commencement Date and Tenant uses the Premises for the conduct of Tenant’s business, then Tenant shall be responsible for the cost of utilities supplied
to the Premises from such earlier date of possession. 
 16.2. Landlord shall not be liable for, nor shall any eviction of
Tenant result from, the failure to furnish any utility or service, whether or not such failure is caused by accidents; breakage; casualties (to the extent not caused by the party claiming Force Majeure); Severe Weather Conditions (as defined below);
physical natural disasters (but excluding weather 

  
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conditions that are not Severe Weather Conditions); strikes, lockouts or other labor disturbances or labor disputes (other than labor disturbances and labor disputes resulting solely from the
acts or omissions of the party claiming Force Majeure); acts of terrorism; riots or civil disturbances; wars or insurrections; shortages of materials (which shortages are not unique to the party claiming Force Majeure); government regulations,
moratoria or other governmental actions, inactions or delays; failures to grant consent or delays in granting consent by any Lender whose consent is required under any applicable Loan Document; failures by third parties to deliver gas, oil or
another suitable fuel supply, or inability of the party claiming Force Majeure, by exercise of reasonable diligence, to obtain gas, oil or another suitable fuel; or other causes beyond the reasonable control of the party claiming that Force Majeure
has occurred (collectively, “Force Majeure”); or, to the extent permitted by Applicable Laws, Landlord’s negligence. In the event of such failure, Tenant shall not be entitled to termination of this Lease or any abatement or
reduction of Rent, nor shall Tenant be relieved from the operation of any covenant or agreement of this Lease. “Severe Weather Conditions” means weather conditions that are materially worse than those that reasonably would be
anticipated for the Property at the applicable time based on historic meteorological records. Notwithstanding anything to the contrary in this Lease, if, for more than five (5) consecutive business days following written notice to Landlord and
as a direct result of Landlord’s gross negligence or willful misconduct (and except to the extent that such failure arises from any other factor, including any action or inaction of a Tenant Party (as defined below)), the provision of HVAC or
other utilities to all or a material portion of the Premises that Landlord must provide pursuant to this Lease is interrupted (a “Material Services Failure”), then Base Rent and Tenant’s Adjusted Share of Operating Expenses
(or, to the extent that less than all of the Premises are affected, a proportionate amount (based on the Rentable Area of the Premises that is rendered unusable) of Base Rent and Tenant’s Adjusted Share of Operating Expenses) shall thereafter
be abated until the Premises are again usable by Tenant for the Permitted Use; provided, however, that, if Landlord is diligently pursuing the restoration of such HVAC and other utilities and Landlord provides substitute HVAC and other
utilities reasonably suitable for Tenant’s continued use and occupancy of the Premises for the Permitted Use (e.g., supplying potable water or portable air conditioning equipment), then neither Base Rent nor Tenant’s Adjusted Share of
Operating Expenses shall be abated. During any Material Services Failure, Tenant will cooperate with Landlord to arrange for the provision of any interrupted utility services on an interim basis via temporary measures until final corrective measures
can be accomplished, and Tenant will permit Landlord the necessary access to the Premises to remedy such Material Service Failure. In the event of any interruption of HVAC or other utilities that Landlord must provide pursuant to this Lease,
regardless of the cause, Landlord shall diligently pursue the restoration of such HVAC and other utilities. Notwithstanding anything in this Lease to the contrary, but subject to Article 24 (which shall govern in the event of a casualty), the
provisions of this Section shall be Tenant’s sole recourse and remedy in the event of an interruption of HVAC or other utilities to the Premises, including related to Section 16.8. 

16.3. Tenant shall pay for, prior to delinquency of payment therefor, any utilities and services that may be furnished to the
Premises during or, if Tenant occupies the Premises after the expiration or earlier termination of the Term, after the Term, beyond those utilities provided 

  
 29 

 
by Landlord, including telephone, internet service, cable television and other telecommunications, together with any fees, surcharges and taxes thereon. Upon Landlord’s demand, utilities and
services provided to the Premises that are separately metered shall be paid by Tenant directly to the supplier of such utilities or services. 

16.4. Tenant shall not, without Landlord’s prior written consent, which consent shall not be unreasonably withheld,
conditioned or delayed, use any device in the Premises (including data processing machines) that will in any way (a) increase the amount of ventilation, air exchange, gas, steam, electricity or water required or consumed in the Premises based
upon Tenant’s Pro Rata Share of the Building or Project (as applicable) beyond the existing capacity of the Building or the Project usually furnished or supplied for the Permitted Use or (b) exceed Tenant’s Pro Rata Share of the
Building’s or Project’s (as applicable) capacity to provide such utilities or services. 
 16.5. If Tenant shall
require utilities or services in excess of those usually furnished or supplied for tenants in similar spaces in the Building or the Project by reason of Tenant’s equipment or extended hours of business operations, then Tenant shall first
procure Landlord’s consent for the use thereof, which consent Landlord may condition upon the availability of such excess utilities or services, and Tenant shall pay as Additional Rent an amount equal to the cost of providing such excess
utilities and services. 
 16.6. Landlord shall provide, or cause to be provided, water in Common Area for lavatory and
landscaping purposes only, which water shall be from the local municipal or similar source; provided, however, that if Landlord determines that Tenant requires, uses or consumes water provided to the Common Area for any purpose other than
ordinary lavatory purposes, Landlord may install a water meter (“Tenant Water Meter”) and thereby measure Tenant’s water consumption for all purposes. Tenant shall pay Landlord for the costs of any Tenant Water Meter and the
installation and maintenance thereof during the Term. If Landlord installs a Tenant Water Meter, Tenant shall pay for water consumed, as shown on such meter, as and when bills are rendered. If Tenant fails to timely make such payments, Landlord may
pay such charges and collect the same from Tenant. Any such costs or expenses incurred or payments made by Landlord for any of the reasons or purposes stated in this Section shall be deemed to be Additional Rent payable by Tenant and collectible by
Landlord as such. 
 16.7. Landlord reserves the right to stop service of the elevator, plumbing, ventilation, air
conditioning and utility systems (each, a “Service Stoppage”), when Landlord deems necessary or desirable, due to accident, emergency or the need to make repairs, alterations or improvements, until such repairs, alterations or
improvements shall have been completed, and Landlord shall further have no responsibility or liability for failure to supply elevator facilities, plumbing, ventilation, air conditioning or utility service when prevented from doing so by Force
Majeure or, to the extent permitted by Applicable Laws, Landlord’s negligence. Without limiting the foregoing, it is expressly understood and agreed that any covenants on Landlord’s 

  
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 part to furnish any service pursuant to any of the terms, covenants, conditions, provisions
or agreements of this Lease, or to perform any act or thing for the benefit of Tenant, shall not be deemed breached if Landlord is unable to furnish or perform the same by virtue of Force Majeure or, to the extent permitted by Applicable Laws,
Landlord’s negligence. Except in the case of emergencies (in which event no notice (or effort to provide notice) shall be required), Landlord shall provide Tenant with twenty-four (24) hours’ notice prior to any Service Stoppage
(which notice may be oral or by email to the office manager or other Tenant-designated individual at the Premises). 
 16.8.
Tenant shall be entitled to use its proportionate share (after deducting any power from the Generator required for the Common Area) of power from the existing back-up generator at the Building as of the
Execution Date (the “Generator”) on a non-exclusive basis with other tenants in the Building. The cost of maintaining, repairing and replacing the Generator shall constitute Operating
Expenses. Landlord expressly disclaims any warranties with regard to the Generator or the installation thereof, including any warranty of merchantability or fitness for a particular purpose. Landlord shall maintain the Generator and any equipment
connecting the Generator to Tenant’s automatic transfer switch in good working condition, provided, however, that Tenant shall be solely responsible, at Tenant’s sole cost and expense (and Landlord shall not be liable) for
maintaining and operating Tenant’s automatic transfer switch and the distribution of power from Tenant’s automatic transfer switch throughout the Premises, and provided further that Landlord shall not be liable for any failure to make any
repairs or to perform any maintenance of the Generator that is an obligation of Landlord unless and except to the extent that Landlord willfully fails to make such repairs or perform such maintenance and such failure persists for an unreasonable
time after Tenant provides Landlord with written notice of the need for such repairs or maintenance. Upon receipt of such written notice, Landlord shall promptly commence to cure such failure and shall diligently prosecute the same to completion in
accordance with Section 31.12 of this Lease. The provisions of Section 16.2 of this Lease shall apply to the Generator. 

16.9. For the Premises, Landlord shall (a) maintain and operate the HVAC systems used for the Permitted Use only
(“Base HVAC”) and (b) furnish HVAC as reasonably required (except as this Lease otherwise provides) for reasonably comfortable occupancy of the Premises for the Permitted Use twenty-four (24) hours a day, every day during
the Term, subject to casualty, eminent domain or as otherwise specified in this Article. Notwithstanding anything to the contrary in this Section, Landlord shall have no liability, and Tenant shall have no right or remedy, on account of any
interruption or impairment in HVAC services; except as provided in Section 16.2. 
 16.10. For any
utilities serving the Premises for which Tenant is billed directly by such utility provider, Tenant agrees to furnish to Landlord (a) any invoices or statements for such utilities within thirty (30) days after Landlord’s written
request therefor, (b) within thirty (30) days after Landlord’s request, any other utility usage information reasonably requested by Landlord, and (c) within thirty (30) days after each calendar year during the Term,
authorization to allow Landlord to access Tenant’s usage information necessary for Landlord to complete an 

  
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ENERGY STAR® Statement of Performance (or similar comprehensive utility usage report (e.g., related to Labs 21), if requested by Landlord)
and any other information reasonably requested by Landlord for the immediately preceding year; and Tenant shall comply with any other energy usage or consumption requirements required by Applicable Laws. Tenant shall retain records of utility usage
at the Premises, including invoices and statements from the utility provider, for at least sixty (60) months, or such other period of time as may be requested by Landlord. Tenant acknowledges that any utility information for the Premises, the
Building and the Project may be shared with third parties, including Landlord’s consultants and Governmental Authorities. In the event that Tenant fails to comply with this Section, Tenant hereby authorizes Landlord to collect utility usage
information directly from the applicable utility providers. In addition to the foregoing, Tenant shall comply with all Applicable Laws related to the disclosure and tracking of energy consumption at the Premises. The provisions of this Section shall
survive the expiration or earlier termination of this Lease. 
 17. Alterations. 

17.1. Tenant shall make no alterations, additions or improvements in or to the Premises or engage in any construction,
demolition, reconstruction, renovation or other work (whether major or minor) of any kind in, at or serving the Premises (“Alterations”) without Landlord’s prior written approval, which approval may be subject to the consent of
one or more Lenders, if required under any applicable Loan Document, but which approval Landlord shall not otherwise unreasonably withhold, condition or delay; provided, however, that, in the event any proposed Alteration affects (a) any
structural portions of the Building, including exterior walls, the roof, the foundation or slab, foundation or slab systems (including barriers and subslab systems) or the core of the Building, (b) the exterior of the Building or (c) any
Building systems, including elevator, plumbing, HVAC, electrical, security, life safety and power, then Landlord may withhold its approval in its sole and absolute discretion. Tenant shall, in making any Alterations, use only those architects,
contractors, suppliers and mechanics of which Landlord has given prior written approval, which approval shall not be unreasonably withheld, conditioned or delayed. In seeking Landlord’s approval, Tenant shall provide Landlord, at least sixty
(60) days in advance of the desired commencement date of any proposed construction, with plans, specifications, bid proposals, certified stamped engineering drawings and calculations by Tenant’s engineer of record or architect of record
(including connections to the Building’s structural system, modifications to the Building’s envelope, non-structural penetrations in slabs or walls, and modifications or tie-ins to life safety systems), work contracts, requests for laydown areas and such other information concerning the nature and cost of the Alterations as Landlord may reasonably request, provided that Tenant shall
not commence any such Alterations that require Landlord’s consent unless and until Tenant has received the written approval of Landlord and any and all Lenders whose consent is required under any applicable Loan Document. In no event shall
Tenant use or Landlord be required to approve any architects, consultants, contractors, subcontractors or material suppliers that Landlord reasonably believes could cause labor disharmony or may not have sufficient experience, in Landlord’s
reasonable opinion, to perform 

  
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 work in an occupied Class “A” laboratory research building and in tenant-occupied
lab areas. Notwithstanding the foregoing, Tenant may make strictly cosmetic changes to the Premises that do not require any permits or more than three (3) total contractors and subcontractors (“Cosmetic Alterations”) without
Landlord’s consent; provided that (y) the cost of any Cosmetic Alterations does not exceed Fifty Thousand Dollars ($50,000) in any one instance or One Hundred Thousand Dollars ($100,000) annually, (z) such Cosmetic Alterations
are not reasonably expected to have any material adverse effect on the Project and do not (i) require any structural or other substantial modifications to the Premises, (ii) require any changes to or adversely affect the Building systems,
(iii) affect any portion of the Building or Project that is exterior to the Premises or (iv) trigger any requirement under Applicable Laws that would require Landlord to make any alteration or improvement to the Premises, the Building or
the Project. 
 17.2. Tenant shall not construct or permit to be constructed partitions or other obstructions that might
interfere with free access to mechanical installation or service facilities of the Building or with other tenants’ components located within the Building, or interfere with the moving of Landlord’s equipment to or from the enclosures
containing such installations or facilities. 
 17.3. Tenant shall accomplish any work performed on the Premises or the
Building in such a manner as to permit any life safety systems to remain fully operable at all times. 
 17.4. Any work
performed on the Premises, the Building or the Project by Tenant or Tenant’s contractors shall be done at such times and in such manner as Landlord may from time to time reasonably designate. Tenant covenants and agrees that all work done by
Tenant or Tenant’s contractors shall be performed in full compliance with Applicable Laws. Within thirty (30) days after completion of any Alterations (other than Cosmetic Alterations), Tenant shall provide Landlord with complete “as
built” drawing print sets and electronic CADD files on disc (or files in such other current format in common use as Landlord reasonably approves or requires) showing any changes in the Premises, as well as a commissioning report prepared by a
licensed, qualified commissioning agent hired by Tenant and approved by Landlord for all new or affected mechanical, electrical and plumbing systems. Any such “as built” plans shall show the applicable Alterations as an overlay on the
Building as-built plans; provided that Landlord provides the Building “as built” plans to Tenant. 

17.5. Before commencing any Alterations, Tenant shall (a) give Landlord at least sixty (60) days’ prior written
notice of the proposed commencement of such work and the names and addresses of the persons supply labor or materials therefor so that Landlord may enter the Premises to post and keep posted thereon and therein notices or to take any further action
that Landlord may reasonably deem proper for the protection of Landlord’s interest in the Project and (b) shall, if reasonably required by Landlord, secure, at Tenant’s own cost and expense, a completion and lien indemnity bond
reasonably satisfactory to Landlord for such work. 

  
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 17.6. Tenant shall repair any damage to the Premises arising from
Tenant’s removal of any property from the Premises. During any such restoration period, Tenant shall pay Rent to Landlord as provided herein as if such space were otherwise occupied by Tenant. The provisions of this Section shall survive the
expiration or earlier termination of this Lease. 
 17.7. The Premises plus any Alterations; Signage; Tenant Improvements;
attached equipment, decorations, fixtures and trade fixtures; movable laboratory casework and related components, connection valves and lab shelving; and other additions and improvements attached to or built into the Premises made by either of the
parties (including all floor and wall coverings; paneling; sinks and related plumbing fixtures; laboratory benches; exterior venting fume hoods; walk-in freezers and refrigerators; ductwork; conduits;
electrical panels and circuits; attached machinery and equipment; and built-in furniture and cabinets, in each case, together with all additions and accessories thereto), shall (unless, prior to such
construction or installation, Landlord elects otherwise in writing) at all times remain the property of Landlord, shall remain in the Premises and shall (unless, prior to construction or installation thereof, Landlord elects otherwise in writing) be
surrendered to Landlord upon the expiration or earlier termination of this Lease. For the avoidance of doubt, the items listed on Exhibit H attached hereto (which Exhibit H may be updated by Tenant from and after the Term Commencement
Date, subject to Landlord’s written consent, which consent shall not be unreasonably withheld, conditioned or delayed) constitute Tenant’s property and shall be removed by Tenant upon the expiration or earlier termination of the Lease.

 17.8. Notwithstanding any other provision of this Article to the contrary, in no event shall Tenant remove any improvement
from the Premises in which any Lender has a security interest or as to which Landlord contributed payment, including the Tenant Improvements, without Landlord’s prior written consent, which consent Landlord may withhold in its sole and absolute
discretion. In no event shall Tenant be required to remove or restore the Tenant Improvements as of the expiration or earlier termination of this Lease. 

17.9. If Tenant shall fail to remove any of its property from the Premises prior to the expiration or earlier termination of
this Lease, then Landlord may, at its option, remove the same in any manner that Landlord shall choose and store such effects without liability to Tenant for loss thereof or damage thereto, and Tenant shall pay Landlord, upon demand, any costs and
expenses incurred due to such removal and storage or Landlord may, at its sole option and without notice to Tenant, sell such property or any portion thereof at private sale and without legal process for such price as Landlord may obtain and apply
the proceeds of such sale against any (a) amounts due by Tenant to Landlord under this Lease and (b) any expenses incident to the removal, storage and sale of such personal property. 

17.10. Tenant shall pay to Landlord an amount equal to two percent (2%) of the cost to Tenant of all Alterations to cover
Landlord’s overhead and expenses for plan review, engineering review, coordination, scheduling and supervision thereof or obtaining any required Lenderconsent. For purposes of payment of such sum, Tenant shall submit to Landlord copies of all

  
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 bills, invoices and statements covering the costs of such charges, accompanied by payment to
Landlord of the fee set forth in this Section. Tenant shall reimburse Landlord for any extra expenses incurred by Landlord by reason of faulty work done by Tenant or its contractors, or by reason of delays arising from such faulty work, or by reason
of inadequate clean-up. 
 17.11. Within sixty (60) days after final completion
of any Alterations performed by Tenant with respect to the Premises, Tenant shall submit to Landlord documentation showing the amounts expended by Tenant with respect to such Alterations, together with supporting documentation reasonably acceptable
to Landlord. 
 17.12. Tenant shall take, and shall cause its contractors to take, commercially reasonable steps to protect
the Premises during the performance of any Alterations, including covering or temporarily removing any window coverings so as to guard against dust, debris or damage. 

17.13. Tenant shall require its contractors and subcontractors performing work on the Premises to name Landlord and its
affiliates and Lenders as additional insureds on their respective insurance policies. 
 18. Repairs and Maintenance. 

18.1. Landlord, with respect to any portion of the Project on the Property shall (and with respect to any portion of the
Project located on the 4575 Property, shall use commercially reasonable efforts to cause the 4575 Owner to) repair and maintain the structural and exterior portions and Common Area of the Building and the Project, including roofing and covering
materials; foundations (excluding any architectural slabs, but including any structural slabs); exterior walls; exterior doors; base Building plumbing; base Building municipal water treatment systems and equipment (but specifically excluding any
reverse osmosis, de-ionized and/or other treated water systems); fire sprinkler systems (if any); base Building HVAC systems up to the first damper or isolation valve that serves the Premises (for purposes of
clarity, the portion of the HVAC system that includes such first damper or isolation valve and extends into and through the Premises, and any supplemental HVAC serving the Premises shall not be part of the base Building HVAC and shall be
Tenant’s obligation to maintain and repair pursuant to Section 18.2 below); elevators; and base Building electrical systems installed or furnished by Landlord. For the avoidance of doubt, to the extent Tenant becomes responsible for
the repair and maintenance of any of the items in this Section above with respect to the 4575 Property as a result of Tenant’s exercise of the 4575 Option, Landlord’s obligations under this Section shall be automatically amended to remove
any and all of Landlord’s obligations with respect to such repair and maintenance. 
 18.2. Except for services of
Landlord, if any, required by Section 18.1, during the Term, Tenant shall, at Tenant’s sole cost and expense, maintain and keep the Premises (including but not limited to the portion of the HVAC system that includes the first damper
or isolation valve and extends into and through the Premises, any supplemental HVAC serving the Premises, and any other systems or equipment exclusively serving the Premises) and every part thereof in good condition and repair, damage thereto from
ordinary wear and tear excepted, and 

  
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shall, within ten (10) days after receipt of written notice from Landlord, provide to Landlord any maintenance records that Landlord reasonably requests. Tenant shall, upon the expiration or
sooner termination of the Term, surrender the Premises to Landlord in as good a condition as when received, ordinary wear and tear excepted; and shall, at Landlord’s request and Tenant’s sole cost and expense, remove all telephone and data
systems, wiring and equipment from the Premises (but with respect to wiring, only to the extent installed by a Tenant Party), and repair any damage to the Premises caused thereby. Landlord shall have no obligation to alter, remodel, improve, repair,
decorate or paint the Premises or any part thereof, other than pursuant to the terms and provisions of the Work Letter and as expressly set forth in Article 5. 

18.3. Without limiting the provisions of Section 16.2, Landlord shall not be liable for any failure
to make any repairs (or cause any repairs to be made) or to perform (or cause the performance of) any maintenance that is Landlord’s obligation pursuant to this Lease unless such failure shall persist for an unreasonable time after Tenant
provides Landlord with written notice of the need of such repairs or maintenance. Tenant waives its rights under Applicable Laws now or hereafter in effect to make repairs at Landlord’s expense. 

18.4. Subject to the provisions of Section 14.4, any excavation shall be made upon land adjacent to
or under the Building, or shall be authorized to be made, Tenant shall afford to the person causing or authorized to cause such excavation, license to enter the Premises for the purpose of performing such work as such person shall deem necessary or
desirable to preserve and protect the Building from injury or damage and to support the same by proper foundations, without any claim for damages or liability against Landlord and without reducing or otherwise affecting Tenant’s obligations
under this Lease. 
 18.5. This Article relates to repairs and maintenance arising in the ordinary course of operation of the
Building and the Project. In the event of a casualty described in Article 24, Article 24 shall apply in lieu of this Article. In the event of eminent domain, Article 25 shall apply in lieu of this Article. 

18.6. Subject to the provisions of Article 9, costs incurred by Landlord and/or the 4575 Owner pursuant to this Article
shall constitute Operating Expenses. 
 19. Liens. 

19.1. Subject to the immediately succeeding sentence, Tenant shall keep the Premises, the Building and the Project free from
any liens arising from work or services performed, materials furnished to or obligations incurred by Tenant. Tenant further covenants and agrees that any mechanic’s or materialman’s lien filed against the Premises, the Building or the
Project for work or services claimed to have been done for, or materials claimed to have been furnished to, or obligations incurred by Tenant shall be discharged or bonded by Tenant within ten (10) days after the filing thereof, at
Tenant’s sole cost and expense. 
 19.2. Should Tenant fail to discharge or bond against any lien of the nature
described in Section 19.1, Landlord may, at Landlord’s election, pay such claim or post a statutory lien bond 

  
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or otherwise provide security to eliminate the lien as a claim against title, and Tenant shall immediately reimburse Landlord for the costs thereof as Additional Rent. Tenant shall Indemnify the
Landlord Indemnitees from and against any Claims arising from any such liens, including any administrative, court or other legal proceedings related to such liens. 

19.3. In the event that Tenant leases or finances the acquisition of office equipment, furnishings or other personal property
of a removable nature utilized by Tenant in the operation of Tenant’s business, Tenant warrants that any Uniform Commercial Code financing statement shall, upon its face or by exhibit thereto, indicate that such financing statement is
applicable only to removable personal property of Tenant located within the Premises. In no event shall the address of the Premises, the Building or the Project be furnished on a financing statement without qualifying language as to applicability of
the lien only to removable personal property located in an identified suite leased by Tenant. Should any holder of a financing statement record or place of record a financing statement that appears to constitute a lien against any interest of
Landlord or against equipment that may be located other than within an identified suite leased by Tenant, Tenant shall, within ten (10) days after filing such financing statement, cause (a) a copy of the lender security agreement or other
documents to which the financing statement pertains to be furnished to Landlord to facilitate Landlord’s ability to demonstrate that the lien of such financing statement is not applicable to Landlord’s interest and (b) Tenant’s
lender to amend such financing statement and any other documents of record to clarify that any liens imposed thereby are not applicable to any interest of Landlord in the Premises, the Building or the Project. 

20. Estoppel Certificate. Tenant shall, within ten (10) business days after receipt of written notice from Landlord, execute,
acknowledge and deliver a statement in writing substantially in the form attached to this Lease as Exhibit I, or on any other commercially reasonable form requested by a current or proposed Lender or encumbrancer or proposed purchaser,
(a) certifying that this Lease is unmodified and in full force and effect (or, if modified, stating the nature of such modification and certifying that this Lease as so modified is in full force and effect) and the dates to which rental and
other charges are paid in advance, if any, (b) acknowledging that there are not, to Tenant’s knowledge, any uncured defaults on the part of Landlord hereunder, or specifying such defaults if any are claimed, and (c) setting forth such
further information with respect to this Lease or the Premises as may be reasonably requested thereon. Any such statements may be relied upon by any prospective purchaser or encumbrancer of all or any portion of the Property. If Tenant fails to
deliver such statement within the prescribed time, Landlord shall send a second notice and if Tenant fails to respond to such second notice (by delivery of a signed estoppel) within three (3) business days, Tenant’s failure to deliver such
statement shall, at Landlord’s option, constitute a Default (as defined below) under this Lease, and, in any event, shall be binding upon Tenant that the Lease is in full force and effect and without modification except as may be represented by
Landlord in any certificate prepared by Landlord and delivered to Tenant for execution. Within ten (10) business days of receipt of a written request by Tenant, Landlord shall provide Tenant with a similar estoppel certificate (but in all cases
limited to Landlord’s actual knowledge (without any duty of investigation)) as Landlord reasonably deems appropriate and as otherwise reasonably modified by Landlord. 

  
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 21. Hazardous Materials. 

21.1. Tenant shall not cause or permit any Hazardous Materials (as defined below) to be brought upon, kept or used in or about
the Premises, the Building or the Project in violation of Applicable Laws by Tenant or any of its employees, agents, contractors or invitees (collectively with Tenant, each a “Tenant Party”). If (a) Tenant breaches such
obligation, (b) the presence of Hazardous Materials as a result of such a breach results in contamination of the Project, any portion thereof, or any adjacent property, (c) contamination of the Premises otherwise occurs during the Term or
any extension or renewal hereof or holding over hereunder or (d) contamination of the Project occurs as a result of Hazardous Materials that are placed on or under or are released into the Project by a Tenant Party, then Tenant shall Indemnify
the Landlord Indemnitees from and against any and all Claims of any kind or nature, including (w) diminution in value of the Project or any portion thereof, (x) damages for the loss or restriction on use of rentable or usable space or of
any amenity of the Project, (y) damages arising from any adverse impact on marketing of space in the Project or any portion thereof and (z) sums paid in settlement of Claims that arise before, during or after the Term as a result of such
breach or contamination. This Indemnification by Tenant includes costs incurred in connection with any investigation of site conditions or any clean-up, remedial, removal or restoration work required by any
Governmental Authority because of Hazardous Materials present in the air, soil or groundwater above, on, under or about the Project. Without limiting the foregoing, if the presence of any Hazardous Materials in, on, under or about the Project, any
portion thereof or any adjacent property caused or permitted by any Tenant Party results in any contamination of the Project, any portion thereof or any adjacent property, then Tenant shall promptly take all actions at its sole cost and expense as
are necessary to return the Project, any portion thereof or any adjacent property to its respective condition existing prior to the time of such contamination; provided that Landlord’s written approval of such action shall first be
obtained, which approval Landlord shall not unreasonably withhold; and provided, further, that it shall be reasonable for Landlord to withhold its consent if such actions could have a material adverse long-term or short-term effect on the
Project, any portion thereof or any adjacent property. Tenant’s obligations under this Section shall not be affected, reduced or limited by any limitation on the amount or type of damages, compensation or benefits payable by or for Tenant under
workers’ compensation acts, disability benefit acts, employee benefit acts or similar legislation. 
 21.2. Landlord
acknowledges that it is not the intent of this Article to prohibit Tenant from operating its business for the Permitted Use. Tenant may operate its business according to the custom of Tenant’s industry so long as the use or presence of
Hazardous Materials is strictly and properly monitored in accordance with Applicable Laws. As a material inducement to Landlord to allow Tenant to use Hazardous Materials in connection with its business, Tenant agrees to deliver to Landlord
(a) a list identifying each type of Hazardous Material to be present at the Premises that is subject to regulation under any environmental Applicable Laws in the 

  
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 form of a Tier II form pursuant to Section 312 of the Emergency Planning and Community Right-to-Know Act of 1986 (or any successor statute) or any other form reasonably requested by Landlord, (b) a list of any and all approvals or permits from Governmental
Authorities required in connection with the presence of such Hazardous Material at the Premises and (c) correct and complete copies of (i) notices of violations of Applicable Laws related to Hazardous Materials and (ii) plans relating
to the installation of any storage tanks to be installed in, on, under or about the Project (provided that installation of storage tanks shall only be permitted after Landlord has given Tenant its written consent to do so, which consent
Landlord may withhold in its sole and absolute discretion) and closure plans or any other documents required by any and all Governmental Authorities for any storage tanks installed in, on, under or about the Project for the closure of any such
storage tanks (collectively, “Hazardous Materials Documents”). Tenant shall deliver to Landlord updated Hazardous Materials Documents, within fourteen (14) days after receipt of a written request therefor from Landlord, not
more often than once per year, unless (m) there are any changes to the Hazardous Materials Documents or (n) Tenant initiates any Alterations or changes its business, in either case in a way that involves any material increase in the types
or amounts of Hazardous Materials, in which case Tenant shall deliver updated Hazardous Materials documents (without Landlord having to request them) before or, if not practicable to do so before, as soon as reasonably practicable after the
occurrence of the events in Subsection 21.2(m) or (n). For each type of Hazardous Material listed, the Hazardous Materials Documents shall include (t) the chemical name, (u) the material state (e.g., solid, liquid, gas or cryogen),
(v) the concentration, (w) the storage amount and storage condition (e.g., in cabinets or not in cabinets), (x) the use amount and use condition (e.g., open use or closed use), (y) the location (e.g., room number or other identification) and
(z) if known, the chemical abstract service number. Notwithstanding anything in this Section to the contrary, Tenant shall not be required to provide Landlord with any documents containing information of a proprietary nature, unless such
documents contain a reference to Hazardous Materials or activities related to Hazardous Materials. Landlord may, at Landlord’s expense, cause the Hazardous Materials Documents to be reviewed by a person or firm qualified to analyze Hazardous
Materials to confirm compliance with the provisions of this Lease and with Applicable Laws. In the event that a review of the Hazardous Materials Documents indicates non-compliance with this Lease or
Applicable Laws, Tenant shall, at its expense, diligently take steps to bring its storage and use of Hazardous Materials into compliance. Notwithstanding anything in this Lease to the contrary or Landlord’s review into Tenant’s Hazardous
Materials Documents or use or disposal of hazardous materials, however, Landlord shall not have and expressly disclaims any liability related to Tenant’s or other tenants’ use or disposal of Hazardous Materials, it being acknowledged by
Tenant that Tenant is best suited to evaluate the safety and efficacy of its Hazardous Materials usage and procedures. 

21.3. Tenant represents and warrants to Landlord that is not nor has it been, in connection with the use, disposal or storage
of Hazardous Materials, (a) subject to a material enforcement order issued by any Governmental Authority or (b) required to take any remedial action. 

  
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 21.4. At any time, and from time to time, prior to the expiration of the
Term, Landlord shall have the right to conduct appropriate tests of the Project or any portion thereof to demonstrate that Hazardous Materials are present or that contamination has occurred due to the acts or omissions of a Tenant Party. Tenant
shall pay all reasonable costs of such tests if such tests reveal that Hazardous Materials exist at the Project in violation of Tenant’s obligations under this Lease. 

21.5. If underground or other storage tanks storing Hazardous Materials installed or utilized by Tenant are located on the
Premises, or are hereafter placed on the Premises by Tenant (or by any other party, if such storage tanks are utilized by Tenant), then Tenant shall monitor the storage tanks, maintain appropriate records, implement reporting procedures, properly
close any underground storage tanks, and take or cause to be taken all other steps necessary or required under the Applicable Laws. Tenant shall have no responsibility or liability for underground or other storage tanks installed by anyone other
than Tenant unless Tenant utilizes such tanks, in which case Tenant’s responsibility for such tanks shall be as set forth in this Section. 

21.6. Tenant shall promptly report to Landlord any actual or suspected presence of mold or water intrusion at the Premises of
which Tenant becomes aware. 
 21.7. Tenant’s obligations under this Article shall survive the expiration or earlier
termination of the Lease. During any period of time needed by Tenant or Landlord after the termination of this Lease to complete the removal from the Premises of any such Hazardous Materials, Tenant shall be deemed a holdover tenant and subject to
the provisions of Article 27. 
 21.8. As used herein, the term “Hazardous Material” means any toxic,
explosive, corrosive, flammable, infectious, radioactive, carcinogenic, mutagenic or otherwise hazardous substance, material or waste that is or becomes regulated by Applicable Laws or any Governmental Authority. 

21.9. Notwithstanding anything to the contrary in this Lease, Landlord shall have sole control over the equitable allocation of
fire control areas (as defined in the Uniform Building Code as adopted by the city or municipality(ies) in which the Project is located (the “UBC”)) within the Project for the storage of Hazardous Materials. Notwithstanding anything
to the contrary in this Lease, the quantity of Hazardous Materials allowed by this Section is specific to Tenant and shall not run with the Lease in the event of a Transfer (as defined in Article 29). In the event of a Transfer, if the use of
Hazardous Materials by such new tenant (“New Tenant”) is such that New Tenant utilizes fire control areas in the Project in excess of New Tenant’s Pro Rata Share of the Building or the Project, as applicable, then New Tenant
shall, at its sole cost and expense and upon Landlord’s written request, establish and maintain a separate area of the Premises classified by the UBC as an “H” occupancy area for the use and storage of Hazardous Materials, or take
such other action as is necessary to ensure that its share of the fire control areas of the Building and the Project is not greater than New Tenant’s Pro Rata Share of the Building or the Project, as applicable. Notwithstanding anything in this
Lease to the contrary, Landlord 

  
 40 

 shall not have and expressly disclaims any liability related to Tenant’s or other
tenants’ use or disposal of fire control areas, it being acknowledged by Tenant that Tenant and other tenants are best suited to evaluate the safety and efficacy of its Hazardous Materials usage and procedures. 

22. Odors and Exhaust. Tenant acknowledges that Landlord would not enter into this Lease with Tenant unless Tenant assured Landlord
that under no circumstances will any other occupants of the Building or the Project (including persons legally present in any outdoor areas of the Project) be subjected to odors or fumes (whether or not noxious), and that the Building and the
Project will not be damaged by any exhaust, in each case from Tenant’s operations. Landlord and Tenant therefore agree as follows: 

22.1. Tenant shall not cause or permit (or conduct any activities that would cause) any release of any odors or fumes of any
kind from the Premises. 
 22.2. If the Building has a ventilation system that, in Landlord’s judgment, is adequate,
suitable, and appropriate to vent the Premises in a manner that does not release odors affecting any indoor or outdoor part of the Project, Tenant shall vent the Premises through such system. If Landlord at any time determines that any existing
ventilation system is inadequate, or if no ventilation system exists, Tenant shall in compliance with Applicable Laws vent all fumes and odors from the Premises (and remove odors from Tenant’s exhaust stream) as Landlord requires. The placement
and configuration of all ventilation exhaust pipes, louvers and other equipment shall be subject to Landlord’s approval, which approval shall not be unreasonably withheld, conditioned or delayed. Tenant acknowledges Landlord’s legitimate
desire to maintain the Project (indoor and outdoor areas) in an odor-free manner, and Landlord may require Tenant to abate and remove all odors in a manner that goes beyond the requirements of Applicable Laws. 

22.3. Tenant shall, at Tenant’s sole cost and expense, provide odor eliminators and other devices (such as filters, air
cleaners, scrubbers and whatever other equipment may in Landlord’s judgment be necessary or appropriate from time to time) to completely remove, eliminate and abate any odors, fumes or other substances in Tenant’s exhaust stream that, in
Landlord’s judgment, emanate from Tenant’s Premises. Any work Tenant performs under this Section shall constitute Alterations. 

22.4. Tenant’s responsibility to remove, eliminate and abate odors, fumes and exhaust shall continue throughout the Term.
Landlord’s construction of the Tenant Improvements shall not preclude Landlord from requiring additional measures to eliminate odors, fumes and other adverse impacts of Tenant’s exhaust stream (as Landlord may designate in Landlord’s
discretion). Tenant shall install additional equipment as Landlord requires from time to time under the preceding sentence. Such installations shall constitute Alterations. 

22.5. If Tenant fails to install satisfactory odor control equipment within ten (10) business days after Landlord’s
demand made at any time, then Landlord may, without limiting Landlord’s other rights and remedies, require Tenant to cease and suspend any operations in the 

  
 41 

 
Premises that, in Landlord’s determination, cause odors, fumes or exhaust. For example, if Landlord determines that Tenant’s production of a certain type of product causes odors, fumes
or exhaust, and Tenant does not install satisfactory odor control equipment within ten (10) business days after Landlord’s request, then Landlord may require Tenant to stop producing such type of product in the Premises unless and until
Tenant has installed odor control equipment satisfactory to Landlord. 
 23. Insurance. 

23.1. Landlord, with respect to any portion of the Project on the Property shall (and with respect to any portion of the
Project located on the 4575 Property, shall use commercially reasonable efforts to cause the 4575 Owner to) maintain insurance for the Building and the Project in amounts equal to full replacement cost (exclusive of the costs of excavation,
foundations and footings, engineering costs or such other costs to the extent the same are not incurred in the event of a rebuild and without reference to depreciation taken by Landlord upon its books or tax returns) or such lesser coverage as
Landlord may elect, provided that such coverage shall not be less than the amount of such insurance Landlord’s and/or the 4575 Owner’s Lender, if any, requires Landlord or the 4575 Owner to maintain, providing protection against any
peril generally included within the classification “Fire and Extended Coverage,” together with insurance against sprinkler damage (if applicable), vandalism and malicious mischief. Subject to availability thereof, Landlord, with respect to
any portion of the Project on the Property shall (and with respect to any portion of the Project located on the 4575 Property, shall use commercially reasonable efforts to cause the 4575 Owner to) further insure, if Landlord or the 4575 Owner (as
applicable) deems it appropriate, coverage against flood, environmental hazard, earthquake, loss or failure of building equipment, rental loss during the period of repairs or rebuilding, Workers’ Compensation insurance and fidelity bonds for
employees employed to perform services. Notwithstanding the foregoing, Landlord may, but shall not be deemed required to, provide insurance for any improvements installed by Tenant or that are in addition to the standard improvements customarily
furnished by Landlord, without regard to whether or not such are made a part of or are affixed to the Building. 
 23.2. In
addition, (a) Landlord shall carry Commercial General Liability insurance with limits of not less than One Million Dollars ($1,000,000) per occurrence/general aggregate for bodily injury (including death), or property damage with respect to the
portion of the Project on the Property and (b) Landlord shall use commercially reasonable efforts to cause the 4575 Owner to carry Commercial General Liability insurance with limits of not less than One Million Dollars ($1,000,000) per
occurrence/general aggregate for bodily injury (including death), or property damage with respect to the portion of the Project on the 4575 Property. 

23.3. Tenant shall, at its own cost and expense, procure and maintain during the Term the following insurance for the benefit
of Tenant and Landlord (as their interests may appear) with insurers financially acceptable and lawfully authorized to do business in the state where the Premises are located: 

  
 42 

 (a) Commercial General Liability insurance on a broad-based occurrence
coverage form, with coverages including but not limited to bodily injury (including death), property damage (including loss of use resulting therefrom), premises/operations, personal & advertising injury, and contractual liability with
limits of liability of not less than $2,000,000 for bodily injury and property damage per occurrence, $4,000,000 general aggregate, which limits may be met by use of excess and/or umbrella liability insurance; provided that such coverage is
at least as broad as the primary coverages required herein. 
 (b) Commercial Automobile Liability insurance covering
liability arising from the use or operation of any auto on behalf of Tenant or invited by Tenant (including those owned, hired, rented, leased, borrowed, scheduled or non-owned). Coverage shall be on a
broad-based occurrence form in an amount not less than $2,000,000 combined single limit per accident for bodily injury and property damage. Such coverage shall apply to all vehicles and persons, whether accessing the property with active or passive
consent. 
 (c) Commercial Property insurance covering property damage to the full replacement cost value and business
interruption. Covered property shall include all tenant improvements in the Premises (to the extent not insured by Landlord pursuant to Section 23.1) and Tenant’s Property including personal property, furniture,
fixtures, machinery, equipment, stock, inventory and improvements and betterments, which may be owned by Tenant or Landlord and required to be insured hereunder, or which may be leased, rented, borrowed or in the care custody or control of Tenant,
or Tenant’s agents, employees or subcontractors. Such insurance, with respect only to all Tenant Improvements, Alterations or other work performed on the Premises by Tenant (collectively, “Tenant Work”), shall name Landlord and
Landlord’s current and future mortgagees as loss payees as their interests may appear. Such insurance shall be written on an “all risk” of physical loss or damage basis including the perils of fire, extended coverage, electrical
injury, mechanical breakdown, windstorm, vandalism, malicious mischief, sprinkler leakage, back-up of sewers or drains, earthquake (provided Tenant shall not be required to provide earthquake coverage with
respect to the initial Tenant Improvements or, subject to the last sentence in this Subsection 23.3(c), any Cosmetic Alterations, but shall be required to acquire earthquake coverage with respect to any other Tenant Work performed by or on
behalf of Tenant), terrorism and such other risks Landlord may from time to time designate, for the full replacement cost value of the covered items with an agreed amount endorsement with no co-insurance.
Business interruption coverage shall have limits sufficient to cover Tenant’s lost profits and necessary continuing expenses, including rents due Landlord under the Lease. The minimum period of indemnity for business interruption coverage shall
be twenty-four (24) months. Notwithstanding any provision in this Lease to the contrary, (i) during the construction, installation and/or performance of any Cosmetic Alterations, Tenant shall self-insure for any damage or destruction to
such Cosmetic Alterations as a result of an earthquake and shall be responsible, at its sole cost and expense, for promptly repairing and restoring in accordance with all Applicable Laws any Cosmetic Alterations damaged or destroyed as a result of
an earthquake, and (ii) following the completion of any Alterations (including Cosmetic Alterations), Landlord shall have the right, but not the obligation, to procure earthquake coverage or increase the limits of any earthquake coverage
carried by Landlord to cover the full 

  
 43 

 
replacement cost of such Alterations (including Cosmetic Alterations), the cost of which shall be paid by Tenant as part of Tenant’s Adjusted Share of Operating Expenses to the extent that
the earthquake coverage carried by Landlord does not overlap with any earthquake coverage required by this Section that is actually then-being carried by Tenant in accordance with the terms of this Lease. 

(d) Workers’ Compensation in compliance with all Applicable Laws or as may be available on a voluntary basis.
Employer’s Liability must be at least in the amount of $1,000,000 for bodily injury by accident for each employee, $1,000,000 for bodily injury by disease for each employee, and $1,000,000 bodily injury by disease for policy limit. 

(e) Medical malpractice insurance at limits of not less than $1,000,000 each claim during such periods, if any, that Tenant
engages in the practice of medicine or clinical trials involving human beings at the Premises. 
 (f) Pollution Legal
Liability insurance is required if Tenant stores, handles, generates or treats Hazardous Materials, as determined solely by Landlord, on or about the Premises. Such coverage shall include bodily injury, sickness, disease, death or mental anguish or
shock sustained by any person; property damage including physical injury to or destruction of tangible property including the resulting loss of use thereof, clean-up costs, and the loss of use of tangible
property that has not been physically injured or destroyed; and defense costs, charges and expenses incurred in the investigation, adjustment or defense of claims for such compensatory damages. Coverage shall apply to both sudden and non-sudden pollution conditions including the discharge, dispersal, release or escape of smoke, vapors, soot, fumes, acids, alkalis, toxic chemicals, liquids or gases, waste materials or other irritants,
contaminants or pollutants into or upon land, the atmosphere or any watercourse or body of water. Claims-made coverage is permitted, provided the policy retroactive date is continuously maintained prior to the commencement date of this agreement,
and coverage is continuously maintained during all periods in which Tenant occupies the Premises. Coverage shall be maintained with limits of not less than $2,000,000 per incident with a $4,000,000 policy aggregate and for a period of two
(2) years thereafter. 
 (g) During all construction by Tenant at the Premises, with respect to tenant improvements
being constructed (including any Alterations), insurance required in Exhibit B-1 must be in place. 

23.4. The insurance required of Tenant by this Article shall be with companies at all times having a current rating of not less
than A- and financial category rating of at least Class VII in “A.M. Best’s Insurance Guide” current edition. Tenant shall obtain for Landlord from the insurance companies/broker or cause
the insurance companies/broker to furnish certificates of insurance evidencing all coverages required herein to Landlord. Landlord reserves the right to require complete, certified copies of all required insurance policies including any
endorsements. No such policy shall be cancelable or subject to reduction of coverage or other modification or 

  
 44 

 cancellation except after thirty (30) days’ prior written notice to Landlord from
Tenant or its insurers (except in the event of non-payment of premium, in which case ten (10) days’ written notice shall be given). All such policies shall be written as primary policies, not
contributing with and not in excess of the coverage that Landlord may carry. Tenant’s required policies shall contain severability of interests clauses stating that, except with respect to limits of insurance, coverage shall apply separately to
each insured or additional insured. Tenant shall, on the date of expiration of such policies, furnish Landlord with renewal certificates of insurance or binders. Tenant agrees that if Tenant does not take out and maintain such insurance, Landlord
may (but shall not be required to) procure such insurance on Tenant’s behalf and at its cost to be paid by Tenant as Additional Rent. Commercial General Liability, Commercial Automobile Liability, Umbrella Liability and Pollution Legal
Liability insurance as required above shall name Landlord, 4575 Owner, BioMed Realty LLC, BioMed Realty, L.P., BRE Edison L.P., BRE Edison LLC, BRE Edison Holdings L.P., BRE Edison Holdings LLC, BRE Edison Parent L.P. and their respective officers,
employees, agents, general partners, members, subsidiaries, affiliates and Lenders (“Landlord Parties”) as additional insureds as respects liability arising from work or operations performed by or on behalf of Tenant, Tenant’s
use or occupancy of Premises, and ownership, maintenance or use of vehicles by or on behalf of Tenant. 
 23.5. In each
instance where insurance is to name Landlord Parties as additional insureds, Tenant shall, upon Landlord’s written request, also designate and furnish certificates evidencing such Landlord Parties as additional insureds to (a) any Lender
of Landlord holding a security interest in the Building or the Project, (b) the landlord under any lease whereunder Landlord is a tenant of the real property upon which the Building is located if the interest of Landlord is or shall become that
of a tenant under a ground lease rather than that of a fee owner and (c) any management company retained by Landlord to manage the Project. 

23.6. Tenant assumes the risk of damage to any fixtures, goods, inventory, merchandise, equipment and leasehold improvements,
and Landlord shall not be liable for injury to Tenant’s business or any loss of income therefrom, relative to such damage, all as more particularly set forth within this Lease. Tenant shall, at Tenant’s sole cost and expense, carry such
insurance as Tenant desires for Tenant’s protection with respect to personal property of Tenant or business interruption. 

23.7. Tenant, on behalf of itself and its insurers, hereby waives any and all rights of recovery against the Landlord Parties
with respect to any loss, damage, claims, suits or demands, howsoever caused, that are covered, or should have been covered, by valid and collectible workers’ compensation, employer’s liability insurance and other liability insurance
required to obtained and carried by Tenant pursuant to this Article, including any deductibles or self-insurance maintained thereunder. Tenant agrees to endorse the required workers’ compensation, employer’s liability and other liability
insurance policies to permit waivers of subrogation as required hereunder and hold harmless and indemnify the Landlord Parties for any loss or expense incurred as a result of a failure to obtain such waivers of subrogation from insurers. Such
waivers shall continue so long as Tenant’s insurers so permit. Any termination of such a waiver shall be by written notice to Landlord, containing a description of the circumstances 

  
 45 

 
hereinafter set forth in this Section. Tenant, upon obtaining the policies of workers’ compensation, employer’s liability and other liability insurance required or permitted under this
Lease, shall give notice to its insurance carriers that the foregoing waiver of subrogation is contained in this Lease. If such policies shall not be obtainable with such waiver or shall be so obtainable only at a premium over that chargeable
without such waiver, then Tenant shall notify Landlord of such conditions and only in the event that such waiver is not obtainable, Tenant shall not be obligated to obtain such waiver. 

23.8. Landlord may require insurance policy limits required under this Lease to be raised to conform with requirements of
Landlord’s and/or the 4575 Owner’s Lender or to bring coverage limits to levels then being required of new tenants within the Project, provided such coverage limits are reasonably consistent with those required by landlords of similarly
situated buildings. 
 23.9. In addition to other insurance required by this Lease to be carried by Tenant, if Tenant sells,
merchandises, transfers, gives away or exchanges so-called “alcoholic liquors” in, upon or from any part of the Premises, then Tenant shall, at Tenant’s sole cost and expense, purchase and
maintain in full force and effect during the Term dram shop insurance in form and substance satisfactory to Landlord, with total limits of liability for bodily injury, loss of means of support and property damage for each occurrence in an amount and
with a carrier reasonably acceptable to Landlord, and otherwise in compliance with the general provisions of this Article governing the provision of insurance by Tenant. Such policy shall name Landlord and the Landlord Parties as additional insureds
against any liability by virtue of Applicable Laws concerning the use, sale or giving away of alcoholic liquors. If at any time such insurance is for any reason not in force, then during all and any such times no selling, merchandising,
transferring, giving away or exchanging of so-called “alcoholic liquors” shall be conducted by Tenant in, upon or from any part of the Premises. 

23.10. Any costs incurred by Landlord and/or the 4575 Owner pursuant to this Article shall constitute a portion of Operating
Expenses. 
 23.11. The provisions of this Article shall survive the expiration or earlier termination of this Lease. 

24. Damage or Destruction. 

24.1. In the event of a partial destruction of (a) the Premises, (b) the Building, (c) the Common Area on the
Property or (d) the portion of the Project on the Property ((a)-(d) collectively, the “Affected Areas”) by fire or other perils covered by extended coverage insurance not exceeding twenty-five percent (25%) of the full
insurable value thereof, and provided that (w) the damage thereto is such that the Affected Areas may be repaired, reconstructed or restored within a period of six (6) months from the date of the happening of such casualty,
(x) Landlord shall receive insurance proceeds from its insurer or Lender sufficient to cover the cost of such repairs, reconstruction and restoration (except for any deductible amount provided by Landlord’s policy, which deductible amount,
if paid by Landlord, shall 

  
 46 

 
constitute an Operating Expense), (y) the repair, reconstruction or restoration of the Affected Areas is permitted by all applicable Loan Documents or otherwise consented to by any and all
Lenders whose consent is required thereunder and (z) such casualty was not intentionally caused by a Tenant Party, then Landlord shall commence and proceed diligently with the work of repair, reconstruction and restoration of the Affected Areas
and this Lease shall continue in full force and effect. 
 24.2. In the event of any damage to or destruction of the Affected
Areas other than as described in Section 24.1, Landlord may elect to repair, reconstruct and restore the applicable Affected Areas, as applicable, in which case this Lease shall continue in full force and effect. If
Landlord elects not to repair, reconstruct and restore the applicable Affected Areas, then this Lease shall terminate as of the date of such damage or destruction. In the event of any damage or destruction (regardless of whether such damage is
governed by Section 24.1 or this Section), if (a) in Landlord’s determination as set forth in the Damage Repair Estimate (as defined below), the Affected Areas cannot be repaired, reconstructed or restored within
twelve (12) months after the date of the Damage Repair Estimate, (b) subject to Section 24.6, the Affected Areas are not actually repaired, reconstructed and restored within eighteen (18) months after the
date of the Damage Repair Estimate, or (c) the damage and destruction occurs within the last twelve (12) months of the then-current Term, then Tenant shall have the right to terminate this Lease, effective as of the date of such damage or
destruction, by delivering to Landlord its written notice of termination (a “Termination Notice”) (y) with respect to Subsections 24.2(a) and (c), no later than fifteen (15) days after Landlord delivers to Tenant
Landlord’s Damage Repair Estimate and (z) with respect to Subsection 24.2(b), no later than fifteen (15) days after such eighteen (18) month period (as the same may be extended pursuant to
Section 24.6) expires. If Tenant provides Landlord with a Termination Notice pursuant to Subsection 24.2(z), Landlord shall have an additional thirty (30) days after receipt of such Termination Notice to
complete the repair, reconstruction and restoration. If Landlord does not complete such repair, reconstruction and restoration within such thirty (30) day period, then Tenant may terminate this Lease by giving Landlord written notice within two
(2) business days after the expiration of such thirty (30) day period. If Landlord does complete such repair, reconstruction and restoration within such thirty (30) day period, then this Lease shall continue in full force and effect.
Notwithstanding anything to the contrary, in no event shall Landlord have any obligation to repair, reconstruct or restore any portion of the Project located on the 4575 Property or on any other property not owned by Landlord. 

24.3. As soon as reasonably practicable, but in any event within sixty (60) days following the date of damage or
destruction, Landlord shall notify Tenant of Landlord’s good faith estimate of the period of time in which the repairs, reconstruction and restoration will be completed (the “Damage Repair Estimate”), which estimate shall be
based upon the opinion of a contractor reasonably selected by Landlord and experienced in comparable repair, reconstruction and restoration of similar buildings. Additionally, Landlord shall give written notice to Tenant within sixty (60) days
following the date of damage or destruction of its election not to repair, reconstruct or restore the applicable Affected Areas. 

  
 47 

 24.4. Upon any termination of this Lease under any of the provisions of this
Article, the parties shall be released thereby without further obligation to the other from the date possession of the Premises is surrendered to Landlord, except with regard to (a) items occurring prior to the damage or destruction and
(b) provisions of this Lease that, by their express terms, survive the expiration or earlier termination hereof. 

24.5. In the event of repair, reconstruction and restoration as provided in this Article, all Rent to be paid by Tenant under
this Lease shall be abated proportionately based on the extent to which Tenant’s use of the Premises is impaired during the period of time commencing on the date of the damage or destruction and continuing until the substantial completion of
such repair, reconstruction or restoration, unless Landlord provides Tenant with other space during the period of repair, reconstruction and restoration that, in Tenant’s reasonable opinion, is suitable for the temporary conduct of
Tenant’s business; provided, however, that the amount of such abatement shall be reduced by the amount of Rent that is received by Tenant as part of the business interruption or loss of rental income with respect to the Premises from the
proceeds of business interruption or loss of rental income insurance. 
 24.6. Notwithstanding anything to the contrary
contained in this Article, (a) Landlord shall not be required to repair, reconstruct or restore any damage or destruction to the extent that Landlord is prohibited from doing so by any applicable Loan Document or any Lender whose consent is
required thereunder withholds its consent, and (b) should Landlord be delayed or prevented from completing the repair, reconstruction or restoration of the damage or destruction to the Premises after the occurrence of such damage or destruction
by Force Majeure or delays caused by a Lender or Tenant Party, then the time for Landlord to commence or complete repairs, reconstruction and restoration shall be extended on a
day-for-day basis; provided, however, that, at Landlord’s election, Landlord shall be relieved of its obligation to make such repairs, reconstruction and
restoration. 
 24.7. If Landlord is obligated to or elects to repair, reconstruct or restore as herein provided, then
Landlord shall be obligated to make such repairs, reconstruction or restoration only with regard to (a) those portions of the Premises that were originally provided at Landlord’s expense and (b) the Common Area portion of the Affected
Areas. The repairs, reconstruction or restoration of improvements not originally provided by Landlord or at Landlord’s expense shall be the obligation of Tenant. In the event Tenant has elected to upgrade certain improvements from the Building
Standard, Landlord shall, upon the need for replacement due to an insured loss, provide only the Building Standard, unless Tenant again elects to upgrade such improvements and pay any incremental costs related thereto, except to the extent that
excess insurance proceeds, if received, are adequate to provide such upgrades, in addition to providing for basic repairs, reconstruction and restoration of the Premises, the Building and the Project. 

24.8. Notwithstanding anything to the contrary contained in this Article, Landlord shall not have any obligation whatsoever to
repair, reconstruct or restore the Premises if the damage resulting from any casualty covered under this Article occurs during the last twenty-four (24) 

  
 48 

 
months of the Term or any extension thereof, or to the extent that insurance proceeds are not available therefor. 

24.9. Landlord’s obligation, should it elect or be obligated to repair, reconstruct or restore, shall be limited to the
Affected Areas, and shall be conditioned upon Landlord receiving any permits or authorizations required by Applicable Laws. Tenant shall, at its expense, replace or fully repair all of Tenant’s personal property and any Alterations installed by
Tenant existing at the time of such damage or destruction. If Affected Areas are to be repaired, reconstructed or restored in accordance with the foregoing, Landlord shall make available to Tenant any portion of insurance proceeds it receives that
are allocable to the Alterations constructed by Tenant pursuant to this Lease; provided Tenant is not then in default under this Lease, and subject to the requirements of any Lender of Landlord. 

24.10. This Article sets forth the terms and conditions upon which this Lease may terminate in the event of any damage or
destruction. Accordingly, the parties hereby waive the provisions of California Civil Code Sections 1932(2) and 1933(4) (and any successor statutes) permitting the parties to terminate this Lease as a result of any damage or destruction. 

25. Eminent Domain. 

25.1. In the event (a) the whole of all Affected Areas or (b) such part thereof as shall substantially interfere with
Tenant’s use and occupancy of the Premises for the Permitted Use shall be taken for any public or quasi-public purpose by any lawful power or authority by exercise of the right of appropriation, condemnation or eminent domain, or sold to
prevent such taking, Tenant or Landlord may terminate this Lease effective as of the date possession is required to be surrendered to such authority, except with regard to (y) items occurring prior to the taking and (z) provisions of this
Lease that, by their express terms, survive the expiration or earlier termination hereof. 
 25.2. In the event of a partial
taking of (a) the Building or the Project or (b) drives, walkways or parking areas serving the Building or the Project for any public or quasi-public purpose by any lawful power or authority by exercise of right of appropriation,
condemnation, or eminent domain, or sold to prevent such taking, then, without regard to whether any portion of the Premises occupied by Tenant was so taken, Landlord may elect to terminate this Lease (except with regard to (a) items occurring
prior to the taking and (b) provisions of this Lease that, by their express terms, survive the expiration or earlier termination hereof) as of such taking if such taking is, in Landlord’s sole opinion, of a material nature such as to make
it uneconomical to continue use of the unappropriated portion for purposes of renting office or laboratory space. 
 25.3. To
the extent permitted under all applicable Loan Documents or otherwise consented to by any and all Lenders whose consent is required thereunder, Tenant shall be entitled to any award that is specifically awarded as compensation for (a) the
taking of Tenant’s personal property that was installed at Tenant’s expense and (b) the costs of Tenant moving to a 

  
 49 

 
new location. Except as set forth in the previous sentence, any award for such taking shall be the property of Landlord. 

25.4. If, upon any taking of the nature described in this Article, this Lease continues in effect, then Landlord shall promptly
proceed to restore the Affected Areas to substantially their same condition prior to such partial taking. To the extent such restoration is infeasible, as determined by Landlord in its sole and absolute discretion, the Rent shall be decreased
proportionately to reflect the loss of any portion of the Premises no longer available to Tenant. Notwithstanding anything to the contrary contained in this Article, Landlord shall not be required to restore the Affected Areas (or any other portion
of the Project) to the extent that Landlord is prohibited from doing so by any applicable Loan Document or any Lender whose consent is required thereunder withholds its consent. 

25.5. This Article sets forth the terms and conditions upon which this Lease may terminate in the event of any damage or
destruction. Accordingly, the parties hereby waive the provisions of California Code of Civil Procedure Section 1265.130 (and any successor statutes) permitting the parties to terminate this Lease as a result of any damage or destruction. 

26. Surrender. 

26.1. At least thirty (30) days prior to Tenant’s surrender of possession of any part of the Premises, Tenant shall
provide Landlord with a facility decommissioning and Hazardous Materials closure plan for the Premises (“Exit Survey”) prepared by an independent third party state-certified professional with appropriate expertise, which Exit Survey
must be reasonably acceptable to Landlord. The Exit Survey shall comply with the American National Standards Institute’s Laboratory Decommissioning guidelines (ANSI/AIHA Z9.11-2008) or any successor
standards published by ANSI or any successor organization (or, if ANSI and its successors no longer exist, a similar entity publishing similar standards). In addition, at least ten (10) days prior to Tenant’s surrender of possession of any
part of the Premises, Tenant shall (a) provide Landlord with written evidence of all appropriate governmental releases obtained by Tenant in accordance with Applicable Laws, including laws pertaining to the surrender of the Premises,
(b) place Laboratory Equipment Decontamination Forms on all decommissioned equipment to assure safe occupancy by future users and (c) conduct a site inspection with Landlord. In addition, Tenant agrees to remain responsible after the
surrender of the Premises for the remediation of any recognized environmental conditions set forth in the Exit Survey and comply with any recommendations set forth in the Exit Survey. Tenant’s obligations under this Section shall survive the
expiration or earlier termination of the Lease. 
 26.2. No surrender of possession of any part of the Premises shall release
Tenant from any of its obligations hereunder, unless such surrender is accepted in writing by Landlord. 
 26.3. The
voluntary or other surrender of this Lease by Tenant shall not effect a merger with Landlord’s fee title or leasehold interest in the Premises, the Building, the Property or the Project, unless Landlord consents in writing, and shall, at
Landlord’s option, operate as an assignment to Landlord of any or all subleases. 

  
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 26.4. The voluntary or other surrender of any ground or other underlying
lease that now exists or may hereafter be executed affecting the Building or the Project, or a mutual cancellation thereof or of Landlord’s interest therein by Landlord and its lessor shall not effect a merger with Landlord’s fee title or
leasehold interest in the Premises, the Building or the Property and shall, at the option of the successor to Landlord’s interest in the Building or the Project, as applicable, operate as an assignment of this Lease. 

27. Holding Over. 

27.1. If, with Landlord’s prior written consent, Tenant holds possession of all or any part of the Premises after the
Term, Tenant shall become a tenant from month to month after the expiration or earlier termination of the Term, and in such case Tenant shall continue to pay (a) Base Rent in accordance with Article 7, as adjusted in accordance with
Article 8, and (b) any amounts for which Tenant would otherwise be liable under this Lease if the Lease were still in effect, including payments for Tenant’s Adjusted Share of Operating Expenses. Any such month-to-month tenancy shall be subject to every other term, covenant and agreement contained herein. 

27.2. Notwithstanding the foregoing, if Tenant remains in possession of the Premises after the expiration or earlier
termination of the Term without Landlord’s prior written consent, (a) Tenant shall become a tenant at sufferance subject to the terms and conditions of this Lease, except that the monthly rent shall be equal to one hundred fifty percent
(150%) of the Rent in effect during the last thirty (30) days of the Term, and (b) Tenant shall be liable to Landlord for any and all damages suffered by Landlord as a result of such holdover, including any lost rent or consequential,
special and indirect damages (in each case, regardless of whether such damages are foreseeable). 
 27.3. Acceptance by
Landlord of Rent after the expiration or earlier termination of the Term shall not result in an extension, renewal or reinstatement of this Lease. 

27.4. The foregoing provisions of this Article are in addition to and do not affect Landlord’s right of reentry or any
other rights of Landlord hereunder or as otherwise provided by Applicable Laws. 
 27.5. The provisions of this Article shall
survive the expiration or earlier termination of this Lease. 
 28. Indemnification and Exculpation. 

28.1. Tenant agrees to Indemnify the Landlord Indemnitees from and against any and all Claims of any kind or nature, real or
alleged, arising from (a) injury to or death of any person or damage to any property occurring within or about the Premises, the Building, the Property or the Project, arising directly or indirectly out of (i) the presence at or use or
occupancy of the Premises or Project by a Tenant Party or (ii) an act or omission on the part of any Tenant Party, (b) a breach or default by Tenant in the performance of any of its obligations hereunder (including any Claim asserted by a
Lender against any Landlord Indemnitees under any Loan 

  
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Document as a direct result of such breach or default by Tenant) or (c) injury to or death of persons or damage to or loss of any property, real or alleged, arising from the serving of
alcoholic beverages at the Premises or Project, including liability under any dram shop law, host liquor law or similar Applicable Law, except to the extent directly arising from Landlord’s negligence or willful misconduct. Tenant’s
obligations under this Section shall not be affected, reduced or limited by any limitation on the amount or type of damages, compensation or benefits payable by or for Tenant under workers’ compensation acts, disability benefit acts, employee
benefit acts or similar legislation. Tenant’s obligations under this Section shall survive the expiration or earlier termination of this Lease. Subject to Sections 23.6, 28.2 and 31.12 and any subrogation provisions
contained in the Work Letter, Landlord agrees to Indemnify the Tenant Parties from and against any and all Claims arising from injury to or death of any person or damage to or loss of any physical property occurring within or about the Premises, the
Building, the Property or the Project to the extent directly arising from Landlord’s gross negligence or willful misconduct. 

28.2. Notwithstanding anything in this Lease to the contrary, Landlord shall not be liable to Tenant for and Tenant assumes all
risk of (a) damage or losses arising from fire, electrical malfunction, gas explosion or water damage of any type (including broken water lines, malfunctioning fire sprinkler systems, roof leaks or stoppages of lines), unless any such loss is
due to Landlord’s willful disregard of written notice by Tenant of need for a repair that Landlord is responsible to make for an unreasonable period of time, and (b) damage to personal property or scientific research, including loss of
records kept by Tenant within the Premises (in each case, regardless of whether such damages are foreseeable). Tenant further waives any claim for injury to Tenant’s business or loss of income relating to any such damage or destruction of
personal property as described in this Section. Notwithstanding anything in the foregoing or this Lease to the contrary, except (x) as otherwise provided herein (including Section 27.2), (y) as may be provided by
Applicable Laws or (z) in the event of Tenant’s breach of Article 21 or Section 26.1, in no event shall Landlord or Tenant be liable to the other for any consequential, special or indirect damages arising
from this Lease, including lost profits (provided that this Subsection 28.2(z) shall not limit Tenant’s liability for Base Rent or Additional Rent pursuant to this Lease). 

28.3. Landlord shall not be liable for any damages arising from any act, omission or neglect of any other tenant in the
Building or the Project, or of any other third party. 
 28.4. Tenant acknowledges that security devices and services, if
any, while intended to deter crime, may not in given instances prevent theft or other criminal acts. Landlord shall not be liable for injuries or losses arising from criminal acts of third parties, and Tenant assumes the risk that any security
device or service may malfunction or otherwise be circumvented by a criminal. If Tenant desires protection against such criminal acts, then Tenant shall, at Tenant’s sole cost and expense, obtain appropriate insurance coverage. Tenant’s
security programs and equipment for the Premises shall be coordinated with Landlord and subject to Landlord’s reasonable approval. 

  
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 28.5. The provisions of this Article shall survive the expiration or earlier
termination of this Lease. 
 29. Assignment or Subletting. 

29.1. Except as hereinafter expressly permitted, none of the following (each, a “Transfer”), either voluntarily or by
operation of Applicable Laws, shall be directly or indirectly performed without Landlord’s prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed: (a) Tenant selling, hypothecating, assigning,
pledging, encumbering or otherwise transferring this Lease or subletting the Premises or (b) a controlling interest in Tenant being sold, assigned or otherwise transferred (other than as a result of shares in Tenant being sold on a public stock
exchange). For purposes of the preceding sentence, “control” means (g) owning (directly or indirectly) more than fifty percent (50%) of the stock or other equity interests of another person or (h) possessing, directly or
indirectly, the power to direct or cause the direction of the management and policies of such person. Tenant shall have the right, without Landlord’s prior written consent, to (m) Transfer Tenant’s interest in this Lease or the
Premises or any part thereof to any person that (i) acquires all or substantially all of the assets of Tenant (either indirectly through a sale of all or substantially all of Tenant’s stock or equity interests or directly), (ii) is a
successor to Tenant by merger, consolidation or reorganization or as a result of an initial public offering of Tenant’s stock on a nationally recognized stock exchange, or (iii) as of the date of determination and at all times thereafter
directly, or indirectly through one or more intermediaries, controls, is controlled by or is under common control with Tenant (the transferee or resulting Tenant described in (i), (ii) or (iii), a “Tenant’s Affiliate”) and
(n) provided that, at all times prior to and after such transfer, Tenant remains the tenant under this Lease and Tenant retains the power to direct or cause the direction of the management and policies of Tenant and Tenant retains fifty-one percent (51%) or more of the voting power of all the stock or other equity interests in Tenant, transfer (directly or indirectly) more than fifty percent (50%) of the stock or equity interests of Tenant as
part of a bona fide private equity placement financing (an “Equity Financing Transfer”); provided that, in each case, Tenant shall notify Landlord in writing at least thirty (30) days prior to the effectiveness of such
Transfer (any such Transfer described in (m) or (n) in this Section above, an “Exempt Transfer”) and otherwise comply with the requirements of this Lease regarding such Transfer; and provided, further, that the person
that will be the tenant under this Lease after the Exempt Transfer has a net worth (as of both the day immediately prior to and the day immediately after the Exempt Transfer) that is equal to or greater than the net worth (as of the date of the
Exempt Transfer) of the transferring Tenant. For purposes of the immediately 

  
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 preceding sentence, “control” requires both (y) owning (directly or
indirectly) more than fifty percent (50%) of the stock or other equity interests of another person and (z) possessing, directly or indirectly, the power to direct or cause the direction of the management and policies of such person. In no event
shall Tenant perform a Transfer to or with an entity that is a tenant at the Project or that is in discussions or negotiations with Landlord or an affiliate of Landlord to lease premises at the Project; provided that, Landlord or such
affiliate has sufficient space for such entity at the Project. Upon Tenant’s written request, Landlord agrees to execute and deliver a commercially reasonable form of confidentiality agreement with respect to any information disclosed to
Landlord in connection with a proposed Transfer or Exempt Transfer. Notwithstanding the foregoing, if Tenant is precluded by Applicable Law or by contract from giving Landlord prior written notice of an Exempt Transfer, then Tenant will provide
Landlord with written notice of the Exempt Transfer as soon as Tenant may do so without violating Applicable Law or the terms of the applicable contract, and if Tenant does not know all of the material terms of the Exempt Transfer at least thirty
(30) days prior to its effectiveness, then Tenant will provide Landlord with written notice of the Exempt Transfer no later than five (5) days after Tenant knows all of the material terms of the Exempt Transfer. 

29.2. In the event Tenant desires to effect a Transfer, then, at least thirty (30) but not more than ninety (90) days
prior to the date when Tenant desires the Transfer to be effective (the “Transfer Date”), Tenant shall provide written notice to Landlord (the “Transfer Notice”) containing information (including references)
concerning the character of the proposed transferee, assignee or sublessee; the Transfer Date; the most recent unconsolidated financial statements of Tenant and of the proposed transferee, assignee or sublessee satisfying the requirements of
Section 40.2 (“Required Financials”); any ownership or commercial relationship between Tenant and the proposed transferee, assignee or sublessee; copies of Hazardous Materials Documents for the proposed
transferee, assignee or sublessee; and the consideration and all other material terms and conditions of the proposed Transfer, all in such detail as Landlord shall reasonably require. 

29.3. Landlord, in determining whether consent should be given to a proposed Transfer, may give consideration to (a) the
financial strength of such transferee, assignee or sublessee (taking into account that Tenant shall remain liable for Tenant’s performance), (b) any change in use that such transferee, assignee or sublessee proposes to make in the use of the
Premises and (c) Landlord’s desire to exercise its rights under Section 29.7 to cancel this Lease. In no event shall Landlord be deemed to be unreasonable for declining to consent to a Transfer if any applicable
Loan Document prohibits such assignment or any Lender whose consent is required thereunder withholds its consent, or if the Transfer is to a transferee, assignee or sublessee of poor reputation, lacking financial qualifications or seeking a change
in the Permitted Use, or jeopardizing directly or indirectly the status of Landlord or any of Landlord’s affiliates as a Real Estate Investment Trust under the Internal Revenue Code of 1986 (as the same may be amended from time to time, the
“Revenue Code”). Notwithstanding anything contained in this Lease to the contrary, (w) no Transfer shall be consummated on any basis such that the rental or other amounts to be paid by the occupant, assignee, manager or other
transferee thereunder would be based, in whole or in part, on the income or profits derived by the business activities of such 

  
 54 

 
occupant, assignee, manager or other transferee; (x) at any time Landlord or any of Landlord’s affiliates is a real estate investment trust, Tenant shall not furnish or render any
services to an occupant, assignee, manager or other transferee with respect to whom transfer consideration is required to be paid, or manage or operate the Premises or any capital additions so transferred, with respect to which transfer
consideration is being paid, to the extent that any of the foregoing would cause Landlord to be in violation of any Applicable Laws or other requirements imposed upon real estate investment trusts or otherwise jeopardizes, directly or indirectly,
the status of Landlord or any of Landlord’s affiliates as a real estate investment trust; (y) Tenant shall not consummate a Transfer with any person in which Landlord owns an interest, directly or indirectly (by applying constructive
ownership rules set forth in Section 856(d)(5) of the Revenue Code); and (z) Tenant shall not consummate a Transfer with any person or in any manner that could cause any portion of the amounts received by Landlord pursuant to this Lease or
any sublease, license or other arrangement for the right to use, occupy or possess any portion of the Premises to fail to qualify as “rents from real property” within the meaning of Section 856(d) of the Revenue Code, or any similar
or successor provision thereto or which could cause any other income of Landlord to fail to qualify as income described in Section 856(c)(2) of the Revenue Code. Notwithstanding anything in this Lease to the contrary, if (a) Tenant or any
proposed transferee, assignee or sublessee of Tenant has been required by any prior landlord, Lender or Governmental Authority to take material remedial action in connection with Hazardous Materials contaminating a property if the contamination
resulted from such party’s action or omission or use of the property in question or (b) Tenant or any proposed transferee, assignee or sublessee is subject to a material enforcement order issued by any Governmental Authority in connection
with the use, disposal or storage of Hazardous Materials, then Landlord shall have the right to terminate this Lease in Landlord’s sole and absolute discretion (with respect to any such matter involving Tenant), and it shall not be unreasonable
for Landlord to withhold its consent to any proposed transfer, assignment or subletting (with respect to any such matter involving a proposed transferee, assignee or sublessee). 

29.4. The following are conditions precedent to a Transfer or to Landlord considering a request by Tenant to a Transfer: 

(a) Tenant shall remain fully liable under this Lease. Tenant agrees that it shall not be (and shall not be deemed to be) a
guarantor or surety of this Lease, however, and waives its right to claim that is it is a guarantor or surety or to raise in any legal proceeding any guarantor or surety defenses permitted by this Lease or by Applicable Laws; 

(b) If Tenant or, except with respect to an Exempt Transfer that is an Equity Financing Transfer, a proposed transferee,
assignee or sublessee does not or cannot deliver the Required Financials, then Landlord may elect to have either Tenant’s ultimate parent company or the proposed transferee’s, assignee’s or sublessee’s ultimate parent company
provide a guaranty of the applicable entity’s obligations under this Lease, in a form acceptable to Landlord, which guaranty shall be executed and delivered to Landlord by the applicable guarantor prior to the Transfer Date; 

  
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 (c) In the case of an Exempt Transfer, Tenant shall provide Landlord with
evidence reasonably satisfactory to Landlord that the Transfer qualifies as an Exempt Transfer; 
 (d) Tenant shall provide
Landlord with evidence reasonably satisfactory to Landlord that the value of Landlord’s interest under this Lease shall not be diminished or reduced by the proposed Transfer. Such evidence shall include evidence respecting the relevant business
experience and financial responsibility and status of the proposed transferee, assignee or sublessee; 
 (e) Tenant shall
reimburse Landlord for Landlord’s actual costs and expenses, including reasonable attorneys’ fees, charges and disbursements incurred in connection with the review, processing and documentation of such request, not to exceed Five Thousand
Dollars ($5,000) in any one instance; 
 (f) Except with respect to an Exempt Transfer, if Tenant’s transfer of rights
or sharing of the Premises provides for the receipt by, on behalf of or on account of Tenant of any consideration of any kind whatsoever (including a premium rental for a sublease or lump sum payment for an assignment, but excluding Tenant’s
reasonable costs in marketing and subleasing the Premises) in excess of the rental and other charges due to Landlord under this Lease, Tenant shall pay fifty percent (50%) of all of such excess to Landlord, after making deductions for any reasonable
marketing expenses, tenant improvement funds expended by Tenant, alterations, cash concessions, brokerage commissions, attorneys’ fees and free rent actually paid by Tenant. If such consideration consists of cash paid to Tenant, payment to
Landlord shall be made upon receipt by Tenant of such cash payment; 
 (g) With respect to a Transfer (including an Exempt
Transfer) that constitutes a sublease of all or a portion of the Premises or any similar arrangement, the proposed sublessee or transferee shall agree that, in the event Landlord gives such proposed sublessee or transferee notice that Tenant is in
default under this Lease, such proposed sublessee or transferee shall thereafter make all rental and other payments otherwise due Tenant directly to Landlord, which payments shall be received by Landlord, without any liability being incurred by
Landlord, and applied against the amounts due from Tenant under this Lease, and any such proposed sublessee or transferee shall agree to attorn to Landlord or its successors and assigns should this Lease be terminated for any reason;
provided, however, that in no event shall Landlord or its Lenders, successors or assigns be obligated to accept such attornment; 

(h) Landlord’s consent to any such Transfer shall be effected on Landlord’s commercially reasonable forms; 

(i) Tenant shall not then be in Default hereunder in any respect; 

(j) Such proposed transferee, assignee or sublessee’s use of the Premises shall be the same as the Permitted Use; 

  
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 (k) Landlord shall not be bound by any provision of any agreement pertaining
to the Transfer, except for Landlord’s written consent to the same; 
 (l) Tenant shall pay all transfer and other taxes
(including interest and penalties) assessed or payable for any Transfer; 
 (m) Landlord’s consent (or waiver of its
rights) for any Transfer shall not waive Landlord’s right to consent or refuse consent to any later Transfer; 
 (n)
Tenant shall deliver to Landlord one executed copy of any and all written instruments evidencing or relating to the Transfer; and 

(o) Tenant shall deliver to Landlord a list of Hazardous Materials (as defined below), certified by the proposed transferee,
assignee or sublessee to be true and correct, that the proposed transferee, assignee or sublessee intends to use or store in the Premises. Additionally, Tenant shall deliver to Landlord, on or before the date any proposed transferee, assignee or
sublessee takes occupancy of the Premises, all of the items relating to Hazardous Materials of such proposed transferee, assignee or sublessee as described in Section 21.2. 

Notwithstanding the foregoing, the requirements set forth in Sections 29.4(b) and (d) above shall not apply to an Exempt
Transfer to a Tenant’s Affiliate (w) as described in Section 29.1(m)(i) or (x) that is a successor to Tenant by merger as described in Section 29.1(m)(ii), provided that, in all cases, the resulting Tenant under the Lease
following any such Exempt Transfer described in clause (w) or (x) of this sentence (y) is a public company that trades on a United States stock exchange and (z) has a net worth (as of both the day immediately prior to and the day
immediately after the Exempt Transfer) that is equal to or greater than Five Billion Dollars ($5,000,000,000); provided, further, that if such public company described in clause (y) above is not domiciled in (and formed in and under the
Applicable Laws of) the United States of America, then Tenant must deliver to Landlord prior to or simultaneously with the Exempt Transfer a legal opinion confirming (i) the Lease provisions will be binding upon and enforceable against such
entity as of consummation of the Exempt Transfer and (ii) any judgment obtained by Landlord in accordance with the terms of the Lease and Applicable Laws shall be enforceable by Landlord against such entity in the country where such entity is
domiciled. 
 29.5. Any Transfer that is not in compliance with the provisions of this Article or with respect to which
Tenant does not fulfill its obligations pursuant to this Article shall be void and shall, at the option of Landlord (in Landlord’s sole and absolute discretion), be deemed a Default by Tenant under this Lease. 

29.6. Notwithstanding any Transfer, Tenant shall remain fully and primarily liable for the payment of all Rent and other sums
due or to become due hereunder, and for the full performance of all other terms, conditions and covenants to be kept and performed by Tenant. The acceptance of Rent or any other sum due hereunder, or the acceptance of performance of any

  
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other term, covenant or condition thereof, from any person or entity other than Tenant shall not be deemed a waiver of any of the provisions of this Lease or a consent to any Transfer. 

29.7. If Tenant delivers to Landlord a Transfer Notice indicating a desire to transfer this Lease to a proposed transferee,
assignee or sublessee, other than pursuant to an Exempt Transfer, then Landlord shall have the option, exercisable by giving notice to Tenant at any time within thirty (30) days after Landlord’s receipt of such Transfer Notice, to
terminate this Lease as of the date specified in the Transfer Notice as the Transfer Date, except for those provisions that, by their express terms, survive the expiration or earlier termination hereof. If Landlord exercises such option, then Tenant
shall have the right to withdraw such Transfer Notice by delivering to Landlord written notice of such election within five (5) business days after Landlord’s delivery of notice electing to exercise Landlord’s option to terminate this
Lease. In the event Tenant withdraws the Transfer Notice as provided in this Section, this Lease shall continue in full force and effect. No failure of Landlord to exercise its option to terminate this Lease shall be deemed to be Landlord’s
consent to a proposed Transfer. 
 29.8. If Tenant sublets the Premises or any portion thereof, Tenant hereby immediately and
irrevocably assigns to Landlord, as security for Tenant’s obligations under this Lease, all rent from any such subletting, and appoints Landlord as assignee and
attorney-in-fact for Tenant, and Landlord (or a receiver for Tenant appointed on Landlord’s application) may collect such rent and apply it toward Tenant’s
obligations under this Lease; provided that, until the occurrence of a Default (as defined below) by Tenant, Tenant shall have the right to collect such rent. 

29.9. In the event that Tenant enters into a sublease for the entire Premises in accordance with this Article that expires
within two (2) days of the Term Expiration Date, the term expiration date of such sublease shall, notwithstanding anything in this Lease, the sublease or any consent to the sublease to the contrary, be deemed to be the date that is two
(2) days prior to the Term Expiration Date. 
 30. Subordination and Attornment. 

30.1. This Lease shall be subject and subordinate to the lien of any mortgage, deed of trust, or lease in which Landlord is
tenant now or hereafter in force against the Building or the Project and to all advances made or hereafter to be made upon the security thereof without the necessity of the execution and delivery of any further instruments on the part of Tenant to
effectuate such subordination. 
 30.2. Notwithstanding the foregoing, Tenant shall execute and deliver upon demand such
further commercially reasonable instrument or instruments evidencing such subordination of this Lease to the lien of any such mortgage or mortgages or deeds of trust or lease in which Landlord is tenant as may be reasonably required by Landlord, it
being expressly understood that any Lender’s required form of subordination shall be deemed to be a commercially reasonable instrument for purposes of this Section. If any Lender so elects, however, this Lease shall be deemed prior in lien to
any such lease, mortgage, or deed of trust upon or including the Premises 

  
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regardless of date and Tenant shall execute a statement in writing to such effect at Landlord’s request. If Tenant fails to execute any document required from Tenant under this Section
within ten (10) days after written request therefor, Tenant hereby constitutes and appoints Landlord or its special attorney-in-fact to execute and deliver any such
document or documents in the name of Tenant. Such power is coupled with an interest and is irrevocable. For the avoidance of doubt, “Lenders” shall also include historic tax credit investors and new market tax credit investors. 

30.3. In the event any proceedings are brought for foreclosure, or in the event of the exercise of the power of sale under any
mortgage or deed of trust made by Landlord covering the Premises, Tenant shall at the election of the purchaser at such foreclosure or sale attorn to the purchaser upon any such foreclosure or sale and recognize such purchaser as Landlord under this
Lease. 
 30.4. During the Term, upon Tenant’s written request, Landlord shall request a subordination and non-disturbance agreement from any future Lender that holds a deed of trust lien encumbering the portion of the Project on which the Premises is situated (for purposes of clarity, this obligation does not apply with
respect to any deed of trust lien that encumbers the portion of the Project on which the Premises is situated and exists as of the Execution Date); provided, however, that (a) Landlord shall have no obligation to obtain such
subordination and non-disturbance agreement (and Tenant shall have no right or remedy in the event that such Lender refuses to provide such subordination and
non-disturbance agreement), and (b) Tenant shall (i) pay all fees and expenses of any kind (including, without limitation, attorneys’ fees) imposed or required by such Lender in connection with
such subordination and non-disturbance agreement, and (ii) reimburse Landlord for Landlord’s actual costs and expenses, including reasonable attorneys’ fees, charges and disbursements incurred
in connection with the review, processing and documentation of such subordination and non-disturbance agreement. 

31. Defaults and Remedies. 

31.1. Late payment by Tenant to Landlord of Rent and other sums due shall cause Landlord to incur costs not contemplated by
this Lease, the exact amount of which shall be extremely difficult and impracticable to ascertain. Such costs include processing and accounting charges and late charges that may be imposed on Landlord by the terms of any mortgage or trust deed
covering the Premises. Therefore, if any installment of Rent due from Tenant is not received by Landlord within five (5) days after the date such payment is due, Tenant shall pay to Landlord (a) an additional sum of five percent (5%) of
the overdue Rent as a late charge plus (b) interest at an annual rate (the “Default Rate”) equal to the lesser of (a) ten percent (10%) and (b) the highest rate permitted by Applicable Laws. The parties agree that
this late charge represents a fair and reasonable estimate of the costs that Landlord shall incur by reason of late payment by Tenant and shall be payable as Additional Rent to Landlord due with the next installment of Rent or within five
(5) business days after Landlord’s demand, whichever is earlier, provided Tenant has at least five (5) business days in which to pay such late charge after such charge is incurred. Landlord’s acceptance of any Additional Rent
(including a late charge or any other amount 

  
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hereunder) shall not be deemed an extension of the date that Rent is due or prevent Landlord from pursuing any other rights or remedies under this Lease, at law or in equity. 

31.2. No payment by Tenant or receipt by Landlord of a lesser amount than the Rent payment herein stipulated shall be deemed to
be other than on account of the Rent, nor shall any endorsement or statement on any check or any 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 such Rent or pursue any other remedy provided in this Lease or in equity or at law. If a dispute shall arise as to any amount or sum of money to be paid by Tenant to Landlord hereunder, Tenant shall
have the right to make payment “under protest,” such payment shall not be regarded as a voluntary payment, and there shall survive the right on the part of Tenant to institute suit for recovery of the payment paid under protest. 

31.3. If Tenant fails to pay any sum of money required to be paid by it hereunder or perform any other act on its part to be
performed hereunder, in each case within the applicable cure period (if any) described in Section 31.4, then Landlord may (but shall not be obligated to), without waiving or releasing Tenant from any obligations of Tenant,
make such payment or perform such act; provided that such failure by Tenant unreasonably interfered with the use of the Building or the Project by any other tenant or with the efficient operation of the Building or the Project, or resulted or
could have resulted in a violation of Applicable Laws or the cancellation of an insurance policy maintained by Landlord. Notwithstanding the foregoing, in the event of an emergency, Landlord shall have the right to enter the Premises and act in
accordance with its rights as provided elsewhere in this Lease. In addition to the late charge described in Section 31.1, Tenant shall pay to Landlord as Additional Rent all sums so paid or incurred by Landlord, together
with interest at the Default Rate, computed from the date such sums were paid or incurred. 
 31.4. The occurrence of any one
or more of the following events shall constitute a “Default” hereunder by Tenant: 
 (a) Tenant
(i) abandons the Premises within the meaning of Section 1951.3 of the California Civil Code; or (ii)(A) Landlord receives notice of Tenant’s vacation of or Tenant’s intention to vacate the Premises prior to the scheduled
expiration or earlier termination of this Lease, other than in accordance with a right expressly granted to Tenant under this Lease, and such vacation (or intention to vacate) is related to financial hardship or Tenant’s inability to pay its
debts as they become due, a dissolution of Tenant, or the liquidation or winding up of Tenant’s business operations; or (B) Tenant vacates the Premises prior to the scheduled expiration or earlier termination of this Lease, other than in
accordance with a right expressly granted to Tenant under this Lease, within the one-hundred twenty (120) day period following 

  
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the filing of any involuntary petition against Tenant or the attachment of Tenant’s interest in this Lease (notwithstanding anything to the contrary in Sections 31.4(g) and
31.4(k)); 
 (b) Tenant fails to make any payment of Rent, as and when due, or to satisfy its obligations under
Article 19, where such failure shall continue for a period of three (3) business days after written notice thereof from Landlord to Tenant; 

(c) Tenant fails to observe or perform any obligation or covenant contained herein (other than described in Sections
31.4(a) and 31.4(b)) to be performed by Tenant, where such failure continues for a period of fifteen (15) days after written notice thereof from Landlord to Tenant; provided that, if the nature of Tenant’s default is such
that it reasonably requires more than fifteen (15) days to cure, Tenant shall not be deemed to be in Default if Tenant commences such cure within such fifteen (15) day period and thereafter diligently prosecutes the same to completion and
provided, further, that such cure is completed no later than forty-five (45) days after Tenant’s receipt of written notice from Landlord; 

(d) Tenant makes an assignment for the benefit of creditors; 

(e) A receiver, trustee or custodian is appointed to or does take title, possession or control of all or substantially all of
Tenant’s assets; 
 (f) Tenant files a voluntary petition under the United States Bankruptcy Code or any successor
statute (as the same may be amended from time to time, the “Bankruptcy Code”) or an order for relief is entered against Tenant pursuant to a voluntary or involuntary proceeding commenced under any chapter of the Bankruptcy Code;

 (g) Any involuntary petition is filed against Tenant under any chapter of the Bankruptcy Code and is not dismissed within
one hundred twenty (120) days; 
 (h) A default exists under that certain Option Agreement dated as of the Execution
Date, by and between Landlord and Tenant (the “Option Agreement”), after the expiration of any applicable notice and cure periods; 

(i) A default exists under the 4575 Lease (as defined below), after the expiration of any applicable notice and cure periods,
as applicable; 
 (j) Tenant fails to deliver an estoppel certificate within three (3) business days following a second
request in accordance with Article 20; 
 (k) Tenant’s interest in this Lease is attached, executed upon or
otherwise judicially seized and such action is not released within one hundred twenty (120) days of the action; or 

  
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 (l) Tenant effects a Transfer that is not in compliance with the provisions
of Article 29. 
 Notices given under this Section shall specify the alleged default and shall demand that Tenant perform the
provisions of this Lease or pay the Rent that is in arrears, as the case may be, within the applicable period of time, or quit the Premises. No such notice shall be deemed a forfeiture or a termination of this Lease unless Landlord elects otherwise
in such notice. 
 31.5. In the event of a Default by Tenant, and at any time thereafter, with or without notice or demand
and without limiting Landlord in the exercise of any right or remedy that Landlord may have, Landlord has the right to do any or all of the following: 

(a) Halt any Tenant Improvements and Alterations and order Tenant’s contractors, subcontractors, consultants, designers
and material suppliers to stop work; 
 (b) Terminate Tenant’s right to possession of the Premises by written notice to
Tenant or by any lawful means, in which case Tenant shall immediately surrender possession of the Premises to Landlord. In such event, Landlord shall have the immediate right to re-enter and remove all persons
and property, and such property may be removed and stored in a public warehouse or elsewhere at the cost and for the account of Tenant, all without service of notice or resort to legal process and without being deemed guilty of trespass or becoming
liable for any loss or damage that may be occasioned thereby; and 
 (c) Terminate this Lease, in which event Tenant shall
immediately surrender possession of the Premises to Landlord. In such event, Landlord shall have the immediate right to re-enter and remove all persons and property, and such property may be removed and stored
in a public warehouse or elsewhere at the cost and for the account of Tenant, all without service of notice or resort to legal process and without being deemed guilty of trespass or becoming liable for any loss or damage that may be occasioned
thereby. In the event that Landlord shall elect to so terminate this Lease, then Landlord shall be entitled to recover from Tenant all damages incurred by Landlord by reason of Tenant’s default, including: 

(i) The sum of: 

A. The worth at the time of award of any unpaid Rent that had accrued at the time of such termination; plus 

B. The worth at the time of award of the amount by which the unpaid Rent that would have accrued during the period commencing
with termination of the Lease and ending at the time of award exceeds that portion of the loss of Landlord’s rental income from the Premises that Tenant proves to Landlord’s reasonable satisfaction could have been reasonably avoided; plus

 C. The worth at the time of award of the amount by which the unpaid Rent for the balance of the Term after the time of
award exceeds that portion of the loss 

  
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of Landlord’s rental income from the Premises that Tenant proves to Landlord’s reasonable satisfaction could have been reasonably avoided; plus 

D. Any other amount necessary to compensate Landlord for all the detriment arising from Tenant’s failure to perform its
obligations under this Lease or that in the ordinary course of things would be likely to result therefrom, including the cost of restoring the Premises to the condition required under the terms of this Lease, including any rent payments not
otherwise chargeable to Tenant (e.g., during any “free” rent period or rent holiday); plus 
 E. At
Landlord’s election, such other amounts in addition to or in lieu of the foregoing as may be permitted from time to time by Applicable Laws. 

(ii) As used in Sections 31.5(c)(i)(A) and (B), “worth at the time of award” shall be computed by
allowing interest at the Default Rate. As used in Section 31.5(c)(i)(C), the “worth at the time of the award” shall be computed by taking the present value of such amount, using the discount rate of the Federal
Reserve Bank of San Francisco at the time of the award plus one (1) percentage point (the “Discount Rate”). 

31.6. In addition to any other remedies available to Landlord at law or in equity and under this Lease, Landlord shall have the
remedy described in California Civil Code Section 1951.4 and may continue this Lease in effect after Tenant’s Default or abandonment and recover Rent as it becomes due, provided Tenant has the right to sublet or assign, subject only
to reasonable limitations. In addition, Landlord shall not be liable in any way whatsoever for its failure or refusal to relet the Premises. For purposes of this Section, the following acts by Landlord will not constitute the termination of
Tenant’s right to possession of the Premises: 
 (a) Acts of maintenance or preservation or efforts to relet the
Premises, including alterations, remodeling, redecorating, repairs, replacements or painting as Landlord shall consider advisable for the purpose of reletting the Premises or any part thereof; or 

(b) The appointment of a receiver upon the initiative of Landlord to protect Landlord’s interest under this Lease or in
the Premises. 
 Notwithstanding the foregoing, in the event of a Default by Tenant, Landlord may elect at any time to terminate this Lease
and to recover damages to which Landlord is entitled. 
 31.7. If Landlord does not elect to terminate this Lease as provided
in Section 31.5, then Landlord may, from time to time, recover all Rent as it becomes due under this Lease. At any time thereafter, Landlord may elect to terminate this Lease and to recover damages to which Landlord is
entitled. 
 31.8. In the event Landlord elects to terminate this Lease and relet the Premises, Landlord may execute any new
lease in its own name. Tenant hereunder shall have no right or 

  
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authority whatsoever to collect any Rent from such tenant. The proceeds of any such reletting shall be applied as follows: 

(a) First, to the payment of any indebtedness other than Rent due hereunder from Tenant to Landlord, including storage charges
or brokerage commissions owing from Tenant to Landlord as the result of such reletting; 
 (b) Second, to the payment of the
costs and expenses of reletting the Premises, including (i) alterations and repairs that Landlord deems reasonably necessary and advisable and (ii) reasonable attorneys’ fees, charges and disbursements incurred by Landlord in
connection with the retaking of the Premises and such reletting; 
 (c) Third, to the payment of Rent and other charges due
and unpaid hereunder; and 
 (d) Fourth, to the payment of future Rent and other damages payable by Tenant under this Lease.

 31.9. All of Landlord’s rights, options and remedies hereunder shall be construed and held to be nonexclusive and
cumulative. Landlord shall have the right to pursue any one or all of such remedies, or any other remedy or relief that may be provided by Applicable Laws, whether or not stated in this Lease. No waiver of any default of Tenant hereunder shall be
implied from any acceptance by Landlord of any Rent or other payments due hereunder or any omission by Landlord to take any action on account of such default if such default persists or is repeated, and no express waiver shall affect defaults other
than as specified in such waiver. Notwithstanding any provision of this Lease to the contrary, in no event shall Landlord be required to mitigate its damages with respect to any default by Tenant, except as required by Applicable Laws. Any such
obligation imposed by Applicable Laws upon Landlord to relet the Premises after any termination of this Lease shall be subject to the reasonable requirements of Landlord to (a) lease to high quality tenants on such terms as Landlord may from
time to time deem appropriate in its discretion and (b) develop the Project in a harmonious manner with a mix of uses, tenants, floor areas, terms of tenancies, etc., as determined by Landlord. Landlord shall not be obligated to relet the
Premises to (y) any Tenant’s Affiliate or (z) any party (i) unacceptable to a Lender, (ii) that requires Landlord to make improvements to or re-demise the Premises, (iii) that
desires to change the Permitted Use, (iv) that desires to lease the Premises for more or less than the remaining Term or (v) to whom Landlord or an affiliate of Landlord may desire to lease other available space in the Project or at
another property owned by Landlord or an affiliate of Landlord. 
 31.10. Landlord’s termination of (a) this Lease
or (b) Tenant’s right to possession of the Premises shall not relieve Tenant of any liability to Landlord that has previously accrued or that shall arise based upon events that occurred prior to the later to occur of (y) the date of
Lease termination and (z) the date Tenant surrenders possession of the Premises. 

  
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 31.11. To the extent permitted by Applicable Laws, Tenant waives any and all
rights of redemption granted by or under any present or future Applicable Laws if Tenant is evicted or dispossessed for any cause, or if Landlord obtains possession of the Premises due to Tenant’s default hereunder or otherwise. 

31.12. Landlord shall not be in default or liable for damages under this Lease unless Landlord fails to perform obligations
required of Landlord within a reasonable time, but in no event shall such failure continue for more than thirty (30) days after written notice from Tenant specifying the nature of Landlord’s failure; provided, however, that if the
nature of Landlord’s obligation is such that more than thirty (30) days are required for its performance, then Landlord shall not be in default if Landlord commences performance within such thirty (30) day period and thereafter
diligently prosecutes the same to completion. In no event shall Tenant have the right to terminate or cancel this Lease or to withhold or abate rent or to set off any Claims against Rent as a result of any default or breach by Landlord of any of its
covenants, obligations, representations, warranties or promises hereunder, except as may otherwise be expressly set forth in this Lease. 

31.13. In the event of any default by Landlord, Tenant shall give notice by registered or certified mail to any
(a) beneficiary of a deed of trust or (b) mortgagee under a mortgage covering the Premises, the Building or the Project and to any landlord of any lease of land upon or within which the Premises, the Building or the Project is located, and
shall offer such beneficiary, mortgagee or landlord a reasonable opportunity to cure the default, including time to obtain possession of the Building or the Project by power of sale or a judicial action if such should prove necessary to effect a
cure; provided that Landlord shall furnish to Tenant in writing, upon written request by Tenant, the names and addresses of all such persons who are to receive such notices. 

32. Bankruptcy . In the event a debtor, trustee or debtor in possession under the Bankruptcy Code, or another person with similar
rights, duties and powers under any other Applicable Laws, proposes to cure any default under this Lease or to assume or assign this Lease and is obliged to provide adequate assurance to Landlord that (a) a default shall be cured,
(b) Landlord shall be compensated for its damages arising from any breach of this Lease and (c) future performance of Tenant’s obligations under this Lease shall occur, then such adequate assurances shall include any or all of the
following, as designated by Landlord in its sole and absolute discretion: 
 32.1. Those acts specified in the Bankruptcy
Code or other Applicable Laws as included within the meaning of “adequate assurance,” even if this Lease does not concern a shopping center or other facility described in such Applicable Laws; 

  
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 32.2. A prompt cash payment to compensate Landlord for any monetary defaults
or actual damages arising directly from a breach of this Lease; 
 32.3. A cash deposit in an amount at least equal to the
then-current amount of the Security Deposit; or 
 32.4. The assumption or assignment of all of Tenant’s interest and
obligations under this Lease. 
 33. Brokers. 

33.1. Tenant represents and warrants that it has had no dealings with any real estate broker or agent in connection with the
negotiation of this Lease other than Cushman & Wakefield of San Diego, Inc. (“Tenant’s Broker”), and that it knows of no other real estate broker or agent that is or might be entitled to a commission in connection with
this Lease. Landlord shall compensate Broker in relation to this Lease pursuant to a separate agreement between Landlord and Broker. Landlord represents and warrants that it has had no dealings with any real estate broker or agent in connection with
the negotiation of this Lease other than Jones Lang LaSalle Brokerage, Inc. (“Landlord’s Broker”), and that it knows of no real estate broker or agent, other than Tenant’s Broker and Landlord’s Broker, that is or
might be entitled to a commission in connection with this Lease. 
 33.2. Tenant represents and warrants that no broker or
agent has made any representation or warranty relied upon by Tenant in Tenant’s decision to enter into this Lease, other than as contained in this Lease. 

33.3. Tenant acknowledges and agrees that the employment of brokers by Landlord is for the purpose of solicitation of offers of
leases from prospective tenants and that no authority is granted to any broker to furnish any representation (written or oral) or warranty from Landlord unless expressly contained within this Lease. Landlord is executing this Lease in reliance upon
Tenant’s representations, warranties and agreements contained within Sections 33.1 and 33.2. 
 33.4.
Tenant agrees to Indemnify the Landlord Indemnitees from any and all cost or liability for compensation claimed by any broker or agent, other than Broker, employed or engaged by Tenant or claiming to have been employed or engaged by Tenant. Landlord
agrees to indemnify Tenant from any and all cost or liability for compensation claimed by any broker or agent employed or engaged by Landlord or claiming to have been employed or engaged by Landlord. 

34. Definition of Landlord. With regard to obligations imposed upon Landlord pursuant to this Lease, the term
“Landlord,” as used in this Lease, shall refer only to Landlord or Landlord’s then-current successor-in-interest. In the event of any transfer,
assignment or conveyance of Landlord’s interest in this Lease or in Landlord’s fee title to or leasehold interest in the Property, as applicable, Landlord herein named (and in case of any subsequent transfers or conveyances, 

  
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 the subsequent Landlord) shall be automatically freed and relieved, from and after the date
of such transfer, assignment or conveyance, from all liability for the performance of any covenants or obligations contained in this Lease thereafter to be performed by Landlord and, without further agreement, the transferee, assignee or conveyee of
Landlord’s in this Lease or in Landlord’s fee title to or leasehold interest in the Property, as applicable, shall be deemed to have assumed and agreed to observe and perform any and all covenants and obligations of Landlord hereunder
during the tenure of its interest in the Lease or the Property. Landlord or any subsequent Landlord may transfer its interest in the Premises or this Lease without Tenant’s consent. The 4575 Owner or any then-current successor-in-interest to the 4575 Property may transfer its interest (or any portion thereof) in the 4575 Property without Tenant’s consent. 

35. Limitation of Landlord’s Liability. 

35.1. If Landlord is in default under this Lease and, as a consequence, Tenant recovers a monetary judgment against Landlord,
the judgment shall be satisfied only out of (a) the proceeds of sale received on execution of the judgment and levy against the right, title and interest of Landlord in the Building and the portion of the Project located on the Property,
(b) rent or other income from such real property receivable by Landlord or (c) the consideration received by Landlord from the sale, financing, refinancing or other disposition of all or any part of Landlord’s right, title or interest
in the Building or the portion of the Project located on the Property. 
 35.2. Neither Landlord nor any of its affiliates,
nor any of their respective partners, shareholders, directors, officers, employees, members or agents shall be personally liable for Landlord’s obligations or any deficiency under this Lease, and service of process shall not be made against any
shareholder, director, officer, employee or agent of Landlord or any of Landlord’s affiliates. No partner, shareholder, director, officer, employee, member or agent of Landlord or any of its affiliates shall be sued or named as a party in any
suit or action, and service of process shall not be made against any partner or member of Landlord except as may be necessary to secure jurisdiction of the partnership, joint venture or limited liability company, as applicable. No partner,
shareholder, director, officer, employee, member or agent of Landlord or any of its affiliates shall be required to answer or otherwise plead to any service of process, and no judgment shall be taken or writ of execution levied against any partner,
shareholder, director, officer, employee, member or agent of Landlord or any of its affiliates. 
 35.3. Each of the
covenants and agreements of this Article shall be applicable to any covenant or agreement either expressly contained in this Lease or imposed by Applicable Laws and shall survive the expiration or earlier termination of this Lease. 

36. Joint and Several Obligations. If more than one person or entity executes this Lease as Tenant, then: 

36.1. Each of them is jointly and severally liable for the keeping, observing and performing of all of the terms, covenants,
conditions, provisions and agreements of this Lease to be kept, observed or performed by Tenant, and such terms, covenants, conditions, provisions and 

  
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agreements shall be binding with the same force and effect upon each and all of the persons executing this Agreement as Tenant; and 

36.2. The term “Tenant,” as used in this Lease, shall mean and include each of them, jointly and severally.
The act of, notice from, notice to, refund to, or signature of any one or more of them with respect to the tenancy under this Lease, including any renewal, extension, expiration, termination or modification of this Lease, shall be binding upon each
and all of the persons executing this Lease as Tenant with the same force and effect as if each and all of them had so acted, so given or received such notice or refund, or so signed. 

37. Representations. Tenant guarantees, warrants and represents that (a) Tenant is duly incorporated or otherwise established or
formed and validly existing under the laws of its state of incorporation, establishment or formation, (b) Tenant has and is duly qualified to do business in the state in which the Property is located, (c) Tenant has full corporate,
partnership, trust, association or other appropriate power and authority to enter into this Lease and to perform all Tenant’s obligations hereunder, (d) each person (and all of the persons if more than one signs) signing this Lease on
behalf of Tenant is duly and validly authorized to do so and (e) neither (i) the execution, delivery or performance of this Lease nor (ii) the consummation of the transactions contemplated hereby will violate or conflict with any provision
of documents or instruments under which Tenant is constituted or to which Tenant is a party. In addition, Tenant guarantees, warrants and represents that none of (x) it, (y) its affiliates or partners nor (z) to the best of its knowledge,
its members, shareholders or other equity owners or any of their respective employees, officers, directors, representatives or agents is a person or entity with whom U.S. persons or entities are restricted from doing business under regulations of
the Office of Foreign Asset Control (“OFAC”) of the Department of the Treasury (including those named on OFAC’s Specially Designated and Blocked Persons List) or under any statute, executive order (including the
September 24, 2001, Executive Order Blocking Property and Prohibiting Transactions with Persons Who Commit, Threaten to Commit, or Support Terrorism) or other similar governmental action. 

38. Confidentiality. Tenant shall keep the terms and conditions of this Lease and any information provided to Tenant or its employees,
agents or contractors pursuant to Article 9 confidential and shall not (a) disclose to any third party any terms or conditions of this Lease or any other Lease-related document (including subleases, assignments, work letters,
construction contracts, letters of credit, subordination agreements, non-disturbance agreements, brokerage agreements or estoppels) or the contents of any documents, reports, surveys or evaluations related to
the Project or any portion thereof or (b) provide to any third party an original or copy of this Lease (or any Lease-related document or other document referenced in Subsection 38(a)). Landlord shall not release to any third party any non-public financial information or non-public information about Tenant’s ownership structure that Tenant gives Landlord. Notwithstanding the foregoing, confidential
information under this Section may be released by Landlord or Tenant under the following circumstances: (x) if required by Applicable Laws or in any judicial proceeding; provided that the releasing party has given the other party
reasonable notice of such requirement, if feasible, (y) to a party’s attorneys, accountants, brokers, lenders, potential 

  
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lenders, investors, potential investors and other bona fide consultants or advisers (with respect to this Lease only); provided such third parties agree to be bound by this Section or
(z) to bona fide prospective assignees or subtenants of this Lease; provided they agree in writing to be bound by this Section. 

39. Notices. Except as otherwise stated in this Lease, any notice, consent, demand, invoice, statement or other communication required
or permitted to be given hereunder shall be in writing and shall be given by (a) personal delivery or (b) overnight delivery with a reputable international overnight delivery service, such as FedEx. Any such notice, consent, demand,
invoice, statement or other communication shall be deemed delivered (y) upon receipt, if given in accordance with Subsection 39(a); or (z) on the day that is the earlier of (i) actual delivery and (ii) attempted delivery,
in either case, as evidenced by the records of the overnight delivery service, if given in accordance with Subsection 39(b). Except as otherwise stated in this Lease, any notice, consent, demand, invoice, statement or other communication
required or permitted to be given pursuant to this Lease shall be addressed to Tenant or to Landlord at the addresses shown in Sections 2.9 and 2.10 or 2.11, respectively. Either party may, by notice to the other given pursuant
to this Section, specify additional or different addresses for notice purposes. 
 40. Miscellaneous. 

40.1. Landlord reserves the right to change the name of the Building or the Project in its sole discretion. 

40.2. To induce Landlord to enter into this Lease, Tenant agrees that it shall furnish to Landlord, from time to time (but no
more than two (2) times per calendar year (unless Tenant is in default of this Lease, in which event no such limitation shall apply); provided that, such two (2)-time limitation is in addition to the annual financial statements required without
any request described in the immediately succeeding sentence), within ten (10) business days after receipt of Landlord’s written request, the most recent year-end unconsolidated financial statements
reflecting Tenant’s current financial condition audited by a nationally recognized accounting firm. Tenant shall, within one hundred twenty (120) days after the end of Tenant’s financial year, furnish Landlord with a certified copy of
Tenant’s year-end unconsolidated financial statements for the previous year audited by a nationally recognized accounting firm. 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. If audited financials are not otherwise prepared, unaudited financials complying with generally accepted accounting principles
and certified by the chief financial officer of Tenant as true, correct and complete in all respects shall suffice for purposes of this Section. If Tenant fails to deliver to Landlord any financial statement within the time period required under
this Section, then Tenant shall be required to pay to Landlord an administrative fee equal to Five Hundred Dollars ($500) within five (5) business days after receiving written notice from Landlord advising Tenant of such failure
(provided, however, that Landlord’s acceptance of such fee shall not prevent Landlord from pursuing any other rights or remedies under this Lease, at law or in equity). The provisions of this Section shall not apply at any time while
Tenant is a corporation whose shares are traded on any nationally recognized stock exchange. 

  
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 40.3. Submission of this instrument for examination or signature by Tenant
does not constitute a reservation of or option for a lease, and shall not be effective as a lease or otherwise until execution by and delivery to both Landlord and Tenant. 

40.4. The terms of this Lease and the Option Agreement are intended by the parties as a final, complete and exclusive
expression of their agreement with respect to the terms that are included herein, and may not be contradicted or supplemented by evidence of any other prior or contemporaneous agreement. 

40.5. Landlord may, but shall not be obligated to, record a short form or memorandum hereof without Tenant’s consent.
Within ten (10) days after receipt of written request from Landlord, Tenant shall execute a termination of any short form or memorandum of lease recorded with respect hereto. Tenant shall be responsible for the cost of recording any short form
or memorandum of this Lease, including any transfer or other taxes incurred in connection with such recordation. Neither party shall record this Lease. 

40.6. Where applicable in this Lease, the singular includes the plural and the masculine or neuter includes the masculine,
feminine and neuter. The words “include,” “includes,” “included” and “including” mean “‘include,’ etc., without limitation.” The word “shall” is mandatory and the word
“may” is permissive. The word “business day” means a calendar day other than any national or local holiday on which federal government agencies in the County of San Diego are closed for business, or any weekend. The section
headings of this Lease are not a part of this Lease and shall have no effect upon the construction or interpretation of any part of this Lease. Landlord and Tenant have each participated in the drafting and negotiation of this Lease, and the
language in all parts of this Lease shall be in all cases construed as a whole according to its fair meaning and not strictly for or against either Landlord or Tenant. 

40.7. Except as otherwise expressly set forth in this Lease, each party shall pay its own costs and expenses incurred in
connection with this Lease and such party’s performance under this Lease; provided that, if either party commences an action, proceeding, demand, claim, action, cause of action or suit against the other party arising from or in
connection with this Lease, then the substantially prevailing party shall be reimbursed by the other party for all reasonable costs and expenses, including reasonable attorneys’ fees and expenses, incurred by the substantially prevailing party
in such action, proceeding, demand, claim, action, cause of action or suit, and in any appeal in connection therewith (regardless of whether the applicable action, proceeding, demand, claim, action, cause of action, suit or appeal is voluntarily
withdrawn or dismissed). In addition, Landlord shall, upon demand, be entitled to all reasonable attorneys’ fees and all other reasonable costs incurred in the preparation and service of any notice or demand hereunder, regardless of whether a
legal action is subsequently commenced, or incurred 

  
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 in connection with any contested matter or other proceeding in bankruptcy court concerning
this Lease. 
 40.8. Time is of the essence with respect to the performance of every provision of this Lease. 

40.9. Each provision of this Lease performable by Tenant shall be deemed both a covenant and a condition. 

40.10. Notwithstanding anything to the contrary contained in this Lease, Tenant’s obligations under this Lease are
independent and shall not be conditioned upon performance by Landlord. 
 40.11. Whenever consent or approval of either party
is required, that party shall not unreasonably withhold, condition or delay such consent or approval, except as may be expressly set forth to the contrary. 

40.12. Any provision of this Lease that shall prove to be invalid, void or illegal shall in no way affect, impair or invalidate
any other provision hereof, and all other provisions of this Lease shall remain in full force and effect and shall be interpreted as if the invalid, void or illegal provision did not exist. 

40.13. Each of the covenants, conditions and agreements herein contained shall inure to the benefit of and shall apply to and
be binding upon the parties hereto and their respective heirs; legatees; devisees; executors; administrators; and permitted successors and assigns. This Lease is for the sole benefit of the parties and their respective heirs, legatees, devisees,
executors, administrators and permitted successors and assigns, and nothing in this Lease shall give or be construed to give any other person or entity any legal or equitable rights. Nothing in this Section shall in any way alter the provisions of
this Lease restricting assignment or subletting. 
 40.14. This Lease shall be governed by, construed and enforced in
accordance with the laws of the state in which the Premises are located, without regard to such state’s conflict of law principles. 

40.15. Tenant guarantees, warrants and represents that the individual or individuals signing this Lease have the power,
authority and legal capacity to sign this Lease on behalf of and to bind all entities, corporations, partnerships, limited liability companies, joint venturers or other organizations and entities on whose behalf such individual or individuals have
signed. 
 40.16. This Lease may be executed in one or more counterparts, each of which, when taken together, shall
constitute one and the same document. 
 40.17. No provision of this Lease may be modified, amended or supplemented except by
an agreement in writing signed by Landlord and Tenant. 

  
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 40.18. No waiver of any term, covenant or condition of this Lease shall be
binding upon Landlord unless executed in writing by Landlord. The waiver by Landlord of any breach or default of any term, covenant or condition contained in this Lease shall not be deemed to be a waiver of any preceding or subsequent breach or
default of such term, covenant or condition or any other term, covenant or condition of this Lease. 
 40.19. To the extent
permitted by Applicable Laws, the parties waive trial by jury in any action, proceeding or counterclaim brought by the other party hereto related to matters arising from or in any way connected with this Lease; the relationship between Landlord and
Tenant; Tenant’s use or occupancy of the Premises; or any claim of injury or damage related to this Lease or the Premises. 
 41.
Rooftop Installation Area. 
 41.1. Tenant may, at no additional charge to Tenant, use those portions of the roof of
the Building as may be designated by Landlord in Landlord’s sole and absolute discretion for use by Tenant (the “Rooftop Installation Area”) solely to operate, maintain, repair and replace rooftop antennae, mechanical
(including HVAC) equipment, communications antennas and other equipment installed by Tenant in the Rooftop Installation Area in accordance with this Article (“Tenant’s Rooftop Equipment”). Tenant’s Rooftop
Equipment shall be only for Tenant’s use of the Premises for the Permitted Use. 
 41.2. Tenant shall install
Tenant’s Rooftop Equipment at its sole cost and expense, at such times and in such manner as Landlord may reasonably designate, and in accordance with this Article and the applicable provisions of this Lease regarding Alterations. Tenant’s
Rooftop Equipment and the installation thereof shall be subject to Landlord’s prior written approval, which approval shall not be unreasonably withheld, conditioned or delayed. Among other reasons, Landlord may withhold approval if the
installation or operation of Tenant’s Rooftop Equipment could reasonably be expected to damage the structural integrity of the Building or to transmit vibrations or noise or cause other adverse effects beyond the Premises to an extent not
customary in first class laboratory buildings, unless Tenant implements measures that are acceptable to Landlord in its reasonable discretion to avoid any such damage or transmission. 

41.3. Tenant shall comply with any roof or roof-related warranties. Tenant shall obtain a letter from Landlord’s roofing
contractor or another licensed roofing contractor reasonably approved by Landlord within thirty (30) days after completion of any Tenant work on the rooftop stating that such work did not affect any such warranties. Tenant, at its sole cost and
expense, shall inspect the Rooftop Installation Area at least annually, and correct any loose bolts, fittings or other appurtenances and repair any damage to the roof arising from the installation or operation of Tenant’s Rooftop Equipment.
Tenant shall not permit the installation, maintenance or operation of Tenant’s Rooftop Equipment to violate any Applicable Laws or constitute a nuisance. Tenant shall pay Landlord within thirty (30) days after demand (a) all
applicable taxes, charges, fees or impositions imposed on Landlord by Governmental Authorities as the result of Tenant’s use of the Rooftop Installation Areas in excess of those for which Landlord would otherwise be responsible for the use or
installation of Tenant’s Rooftop Equipment and 

  
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(b) the amount of any increase in Landlord’s insurance premiums as a result of the installation of Tenant’s Rooftop Equipment. Upon Tenant’s written request to Landlord, Landlord
shall use commercially reasonable efforts to cause other tenants to remedy any interference in the operation of Tenant’s Rooftop Equipment arising from any such tenants’ equipment installed after the applicable piece of Tenant’s
Rooftop Equipment; provided, however, that Landlord shall not be required to request that such tenants waive their rights under their respective leases. 

41.4. If Tenant’s Equipment (a) causes physical damage to the structural integrity of the Building,
(b) interferes with any telecommunications, mechanical or other systems located at or near or servicing the Building or the Project that were installed prior to the installation of Tenant’s Rooftop Equipment, (c) interferes with any
other service provided to other tenants in the Building or the Project by rooftop or penthouse installations that were installed prior to the installation of Tenant’s Rooftop Equipment or (d) interferes with any other tenants’
business, in each case in excess of that permissible under Federal Communications Commission regulations, then Tenant shall cooperate with Landlord to determine the source of the damage or interference and promptly repair such damage and eliminate
such interference, in each case at Tenant’s sole cost and expense, within ten (10) days after receipt of notice of such damage or interference (which notice may be oral; provided that Landlord also delivers to Tenant written notice
of such damage or interference within twenty-four (24) hours after providing oral notice). 
 41.5. Landlord reserves
the right to cause Tenant to relocate Tenant’s Rooftop Equipment to comparably functional space on the roof or in the penthouse of the Building by giving Tenant prior written notice thereof. Landlord agrees to pay the reasonable costs thereof.
Tenant shall arrange for the relocation of Tenant’s Rooftop Equipment within sixty (60) days after receipt of Landlord’s notification of such relocation. In the event Tenant fails to arrange for relocation within such sixty (60)-day period, Landlord shall have the right to arrange for the relocation of Tenant’s Rooftop Equipment in a manner that does not unnecessarily interrupt or interfere with Tenant’s use of the Premises
for the Permitted Use. 
 42. Options to Extend Term. Tenant shall have two (2) options (each, an “Option”) to
extend the Term by five (5) years each as to the entire Premises (and no less than the entire Premises) upon the following terms and conditions. Any extension of the Term pursuant to an Option shall be on all the same terms and conditions as
this Lease, except as follows: 
 42.1. Base Rent at the commencement of each Option term shall equal the then-current fair
market value for comparable office and laboratory space in the UTC submarket of comparable age, quality, level of finish and proximity to amenities and public transit, and containing the systems and improvements present in the Premises as of the
date that Tenant gives Landlord written notice of Tenant’s election to exercise such Option (“FMV”), and in each case shall be further increased on each annual anniversary of the Option term commencement date by three percent
(3%). Tenant may, no more than twelve (12) months prior to the date the Term is then scheduled to expire, request Landlord’s estimate of the FMV for the next Option term. 

  
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 Landlord shall, within fifteen (15) days after receipt of such request, give Tenant a
written proposal of such FMV. If Tenant gives written notice to exercise an Option, such notice shall specify whether Tenant accepts Landlord’s proposed estimate of FMV. If Tenant does not accept the FMV, then the parties shall endeavor to
agree upon the FMV, taking into account all relevant factors, including (a) the size of the Premises, (b) the length of the Option term, (c) rent in comparable buildings in the relevant submarket, including concessions offered to new
tenants, such as free rent, tenant improvement allowances and moving allowances, (d) Tenant’s creditworthiness and (e) the quality and location of the Building and the Project. In the event that the parties are unable to agree upon
the FMV within thirty (30) days after Tenant notifies Landlord that Tenant is exercising an Option, then either party may request that the same be determined as follows: a senior officer of a nationally recognized leasing brokerage firm with
local knowledge of the UTC laboratory/research and development leasing submarket (the “Baseball Arbitrator”) shall be selected and paid for jointly by Landlord and Tenant. If Landlord and Tenant are unable to agree upon the Baseball
Arbitrator, then the same shall be designated by the local chapter of the Judicial Arbitration and Mediation Services or any successor organization thereto (the “JAMS”). The Baseball Arbitrator selected by the parties or designated
by JAMS shall (y) have at least ten (10) years’ experience in the leasing of laboratory/research and development space in the UTC submarket and (z) not have been employed or retained by either Landlord or Tenant or any affiliate
of either for a period of at least ten (10) years prior to appointment pursuant hereto. Each of Landlord and Tenant shall submit to the Baseball Arbitrator and to the other party its determination of the FMV. The Baseball Arbitrator shall grant
to Landlord and Tenant a hearing and the right to submit evidence. The Baseball Arbitrator shall determine which of the two (2) FMV determinations more closely represents the actual FMV. The arbitrator may not select any other FMV for the
Premises other than one submitted by Landlord or Tenant. The FMV selected by the Baseball Arbitrator shall be binding upon Landlord and Tenant and shall serve as the basis for determination of Base Rent payable for the applicable Option term. If, as
of the commencement date of an Option term, the amount of Base Rent payable during the Option term shall not have been determined, then, pending such determination, Tenant shall pay Base Rent equal to the Base Rent payable with respect to the last
year of the then-current Term. After the final determination of Base Rent payable for the Option term, the parties shall promptly execute a written amendment to this Lease specifying the amount of Base Rent to be paid during the applicable Option
term. Any failure of the parties to execute such amendment shall not affect the validity of the FMV determined pursuant to this Section. 

42.2. No Option is assignable separate and apart from this Lease. 

42.3. An Option is conditional upon Tenant giving Landlord written notice of its election to exercise such Option at least nine
(9) months prior to the end of the expiration of the then-current Term. Time shall be of the essence as to Tenant’s exercise of an Option. Tenant assumes full responsibility for maintaining a record of the deadlines to exercise an Option.
Tenant acknowledges that it would be inequitable to require Landlord to accept any exercise of an Option after the date provided for in this Section. 

  
 74 

 42.4. Notwithstanding anything contained in this Article to the contrary,
Tenant shall not have the right to exercise an Option: 
 (a) During the time commencing from the date Landlord delivers to
Tenant a written notice that Tenant is in monetary or material non-monetary default under any provisions of this Lease and continuing until Tenant has cured the specified default to Landlord’s reasonable
satisfaction; or 
 (b) At any time after any Default as described in Article 31 of the Lease (provided,
however, that, for purposes of this Section 42.4(b), Landlord shall not be required to provide Tenant with a second notice of such Default, if such default is subject to a notice and cure period under
Section 31.4, or any notice of such Default, if such default is not subject to any notice and cure period under Section 31.4) and continuing until Tenant cures any such Default, if such Default is
susceptible to being cured; or 
 (c) In the event that Tenant has defaulted in the performance of its monetary or material non-monetary obligations under this Lease two (2) or more times during the twelve (12)-month period immediately prior to the date that Tenant intends to exercise an Option, whether or not Tenant has cured such
defaults. 
 42.5. The period of time within which Tenant may exercise an Option shall not be extended or enlarged by reason
of Tenant’s inability to exercise such Option because of the provisions of Section 42.4. 

42.6. All of Tenant’s rights under the provisions of an Option shall terminate and be of no further force or effect even
after Tenant’s due and timely exercise of such Option if, after such exercise, but prior to the commencement date of the new term, (a) Tenant fails to pay to Landlord a monetary obligation of Tenant for a period of twenty (20) days
after written notice from Landlord to Tenant, (b) Tenant fails to commence to cure a default (other than a monetary default) within thirty (30) days after the date Landlord gives notice to Tenant of such default or (c) Tenant has
defaulted in the performance of any of its monetary or material non-monetary obligations under this Lease two (2) or more times and a service or late charge under Section 31.1
has become payable for any such default, whether or not Tenant has cured such defaults. 
 42.7. In the event Tenant
exercises the 4575 Option (as defined below) and enters into a lease for the 4575 Building in accordance with the terms and conditions of the Option Agreement (the “4575 Lease”), then (a) Tenant acknowledges that the Term of
this Lease and the term of the 4575 Lease shall be coterminous and (b) any extension of the Term of this Lease pursuant to Tenant’s exercise of an Option shall be expressly conditioned and contingent upon Tenant exercising the
corresponding option to extend under the 4575 Lease in accordance with the terms and conditions of the 4575 Lease. 
 43. Right of First
Refusal. Tenant shall have a right of first refusal (“ROFR”) as to any rentable premises on the first (1st) floor of the Building for which Landlord is seeking a tenant
(“Available ROFR Premises”); provided, however, that in no event shall Landlord be required to 

  
 75 

 
lease any Available ROFR Premises to Tenant for any period past the date on which this Lease expires or is terminated pursuant to its terms, except as expressly provided in
Section 43.7 below. To the extent that Landlord renews or extends a then-existing lease with any then-existing tenant or subtenant of any space, or enters into a new lease with such then-existing tenant or subtenant for the
same premises, the affected space shall not be deemed to be Available ROFR Premises. In the event Landlord receives from a third party a bona fide offer to lease Available ROFR Premises that Landlord is willing to accept or in the event that
Landlord intends to enter into a lease for any Available ROFR Premises, Landlord shall provide written notice thereof to Tenant (the “Notice of Offer”), specifying the terms and conditions of a proposed lease to Tenant of the
Available ROFR Premises. For the avoidance of doubt, in the event there is (at any time) any space on the first (1st) floor that Landlord intends to include in the Amenities Facilities, such space
shall not be deemed to be Available ROFR Premises. 
 43.1. Within seven (7) business days following its receipt of a
Notice of Offer, Tenant shall advise Landlord in writing whether Tenant elects to lease all (not just a portion) of the Available ROFR Premises on the terms and conditions set forth in the Notice of Offer. If Tenant fails to notify Landlord of
Tenant’s election within such seven (7) business day period, then Tenant shall be deemed to have elected not to lease the Available ROFR Premises. 

43.2. If Tenant timely notifies Landlord that Tenant elects to lease the Available ROFR Premises on the terms and conditions
set forth in the Notice of Offer, then Landlord shall lease the Available ROFR Premises to Tenant upon the terms and conditions set forth in the Notice of Offer. 

43.3. If Tenant notifies Landlord that Tenant elects not to lease the Available ROFR Premises on the terms and conditions set
forth in the Notice of Offer, or if Tenant fails to notify Landlord of Tenant’s election within the seven (7) business day period described above, then Landlord shall have the right to consummate the lease of the Available ROFR Premises on
the same terms as set forth in the Notice of Offer following Tenant’s election (or deemed election) not to lease the Available ROFR Premises. If Landlord does not lease the Available ROFR Premises within twelve (12) months after
Tenant’s election (or deemed election) not to lease the Available ROFR Premises, then the ROFR shall be fully reinstated, and Landlord shall not thereafter lease the Available ROFR Premises without first complying with the procedures set forth
in this Article. 
 43.4. Notwithstanding anything in this Article to the contrary, Tenant shall not exercise the ROFR during
such period of time that Tenant is in monetary or material non-monetary default under any provision of this Lease. Any attempted exercise of the ROFR during a period of time in which Tenant is so in default
shall be void and of no effect. In addition, Tenant shall not be entitled to exercise the ROFR if Landlord has given Tenant two (2) or more notices of default with respect to Tenant’s failure to perform any of its monetary or material, non-monetary 

  
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 obligations under this Lease, whether or not the defaults are cured, during the twelve
(12) month period prior to the date on which Tenant seeks to exercise the ROFR. 
 43.5. Notwithstanding anything in
this Lease to the contrary, Tenant shall not assign or transfer the ROFR, either separately or in conjunction with an assignment or transfer of Tenant’s interest in the Lease (other than to Tenant’s Affiliate pursuant to an Exempt
Transfer), without Landlord’s prior written consent, which consent Landlord may withhold in its sole and absolute discretion. 

43.6. If Tenant exercises the ROFR, Landlord does not guarantee that the Available ROFR Premises will be available on the
anticipated commencement date for the Lease as to such Premises due to a holdover by the then-existing occupants of the Available ROFR Premises or for any other reason beyond Landlord’s reasonable control. 

43.7. In the event that (a) a Notice of Offer specifies a lease term for the Available ROFR Premises that will extend past
the expiration of the Term of this Lease and (b) Tenant timely elects to lease the Available ROFR Premises pursuant to the terms and conditions otherwise set forth in the Notice of Offer, then concurrently with the lease of the Available ROFR
Premises, the Term of this Lease shall be extended to be coterminous with the term of the lease for the Available ROFR Premises as set forth in the Notice of Offer, provided that (i) Base Rent for the Premises at the commencement of such
extended period (the “Extended Term”) shall be equal to the then-current FMV as determined in accordance with the provisions of Section 42.1 and shall be further increased on each annual anniversary of the commencement
date of the Extended Term by three percent (3%), and (ii) the Base Rent for the Available ROFR Premises shall be consistent with the terms and conditions set forth in the Notice of Offer. After the final determination of the Base Rent payable
for the Extended Term, the parties shall promptly execute a written amendment to this Lease specifying the amount of Base Rent to be paid during the Extended Term. Any failure of the parties to execute such amendment shall not affect the validity of
the Extended Term or the determination of Base Rent for the Extended Term pursuant to this Section. 
 44. 4575 Building Lease
Option. Pursuant to and in accordance with the terms and conditions set forth in the Option Agreement, Tenant has the right, for a period of six (6) months following the Execution Date of this Lease (the “4575 Option
Period”), to elect to lease the entire 4575 Building (the “4575 Option”) by providing written notice (the “4575 Option Notice”) to 4575 Owner prior to the expiration of the 4575 Option Period. In the event
Tenant exercises the 4575 Option in accordance with the terms and conditions of the Option Agreement, Tenant shall deliver a copy of the 4575 Option Notice to Landlord concurrently with its delivery of the 4575 Option Notice to 4575 Owner. Subject
to the terms and conditions of the Option Agreement, in the event that Tenant exercises the 4575 Option after August 1, 2018, then, Tenant shall elect either (a) to pay Landlord an amount equal to Landlord’s and/or its affiliates
design costs relating to the Amenities Facilities that were contemplated to be constructed in the 4575 Building, but no more than One Hundred Twenty-Five Thousand Dollars ($125,000) (“Option A”) or (b) to 

  
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 increase Base Rent for the Premises by One and 50/100 Cents ($0.015) per square foot of
Rentable Area of the Premises per month (“Option B”). Tenant must elect either Option A or Option B, but Tenant’s selection of either Option A or Option B shall be in Tenant’s sole and absolute discretion. Tenant will
notify Landlord in writing of Tenant’s election of Option A or Option B (the “Election Notice”) concurrently with Tenant’s delivery of the 4575 Option Notice. If Tenant does not provide the Election Notice concurrently
with the 4575 Option Notice, Tenant shall be deemed to have elected Option A. In the event Tenant elects (or is deemed to elect) Option A, Tenant shall pay Landlord the applicable amount (as Additional Rent) within thirty (30) days after
Landlord delivers an invoice to Tenant therefore. In the event that Tenant elects Option B, (y) Base Rent under this Lease shall increase accordingly, and such increase shall be effective as of the date of the 4575 Option Notice and
(z) Tenant shall, within five (5) business days of Landlord’s request, enter into an amendment to this Lease to reflect such increase to Base Rent for the Premises; provided, however, that any failure of the parties to execute
such an amendment shall not affect the validity of the increase in Base Rent for the Premises pursuant to this Section. 
 45. Landlord
Improvements. Tenant acknowledges that Landlord is in the process of redeveloping or causing the redevelopment of the Project and Landlord shall be responsible, at Landlord’s sole cost and expense, for causing the work described on
Exhibit J attached hereto to be completed in connection therewith (the “Landlord Improvements”). As a component of the Landlord Improvements, Landlord shall construct or cause certain Amenities Facilities (as defined on
Exhibit J attached hereto) to be constructed. The Landlord Improvements shall be constructed at Landlord’s sole cost and expense, except that to the extent that any requirements under Applicable Laws are triggered by, or necessitated as
a result of, the Tenant Improvements and/or any Alterations performed by or on behalf of Tenant (excluding any improvements required to areas outside of the Premises to comply with Applicable Laws to the extent such improvements were triggered by
the initial Tenant Improvements, but not excluding any improvements required within the Premises to comply with Applicable Laws triggered by, or arising from, the initial Tenant Improvements), any costs to comply with such requirements shall be
Tenant’s sole responsibility and Tenant shall reimburse Landlord (as Additional Rent) for such costs within thirty (30) days of Landlord’s delivery of an invoice therefor, provided that Tenant shall be entitled to utilize the
TI Allowance to pay for such costs (subject to the limitations of Section 4.4 and all other provisions of this Lease and the Work Letter). Tenant acknowledges that the Term Commencement Date shall not be contingent upon, nor delayed by,
the completion of the Landlord Improvements. Tenant acknowledges that Landlord or an affiliate of Landlord may be completing certain Landlord Improvements in or about the Project, Building and/or the Premises after the Term Commencement Date and
during Tenant’s occupancy of the Premises for the Permitted Use. Tenant shall permit Landlord or any affiliate of Landlord completing the construction of the Landlord Improvements to enter the Premises at all times (including during business
hours) as may be reasonably necessary to complete the Landlord Improvements, and Tenant shall otherwise reasonably cooperate to enable Landlord and/or Landlord’s affiliate to complete the Landlord Improvements in a timely and efficient manner.
Without limiting Section 16.2, in no event shall the completion of the Landlord 

  
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 Improvements (a) cause Rent (as defined below) to abate under this Lease, (b) give
rise to any claim by Tenant for damages or (c) constitute a forcible or unlawful entry, a detainer or an eviction of Tenant. Upon the Amenities Facilities Opening Date (as defined below), the Rentable Area of the Premises under this Lease (for
all purposes including, without limitation, the calculation of Base Rent) shall be increased by the sum of (m) an amount equal to Tenant’s Revised Pro Rata Share of Project (as defined below) multiplied by the aggregate square footage of
(i) the Amenities Facilities and (ii) any other new Project Common Area ((i) and (ii) collectively, the “New Project Common Area”), and (n) an amount equal to Tenant’s Revised Pro Rata Share of Building (as
defined below) multiplied by the square footage of any new Building Common Area (the “New Building Common Area”). For purposes of the immediately preceding sentence, (x) the “Tenant’s Revised Pro Rata Share of
Project” shall be equal to (i) the Rentable Area of the Premises, divided by (ii) the positive difference between (A) the Rentable Area of the Project and (B) the square footage of the New Project Common Area, and
(y) the “Tenant’s Revised Pro Rata Share of Building” shall be equal to (i) the Rentable Area of the Premises, divided by (ii) the positive difference between (A) the Rentable Area of the Building and
(B) the square footage of the New Building Common Area. Tenant shall, within five (5) business days after Landlord’s request, enter into an amendment to this Lease to reflect the resulting increase in Tenant’s Pro Rata Shares,
the Rentable Area of the Premises and Base Rent under this Lease. Any failure of the parties to execute such an amendment shall not affect the validity of the increase in Tenant’s Pro Rata Shares, the Rentable Area of the Premises and/or Base
Rent under this Lease pursuant to this Section. Notwithstanding anything to the contrary in this Lease, Tenant shall not be entitled to (and Landlord shall not be obligated to provide) any increased TI Allowance as a result of the aforementioned
increase in Rentable Area of the Premises. 
 46. Amenities Facilities. As of the date (such date, the “Amenities Facilities
Opening Date”) the Amenities Facilities initially opens for use by Tenant and its employees (in such capacity, the “Amenities Facilities Users”) the Amenities Facilities (and any service corridors, stairways, elevators,
public restrooms and public lobbies allocated thereto (such allocation to be determined by Landlord in its sole and absolute discretion)) shall be included as part of the Project Common Area. To the extent the Amenities Facilities is open for use by
the Amenities Facilities Users, the Amenities Facilities Users may use the Amenities Facilities during the Term on a non-exclusive basis with any other individuals approved by Landlord, the 4575 Owner or any
other affiliate of Landlord; provided that, all Amenities Facilities Users execute Landlord’s standard commercially reasonable waiver of liability and release form and otherwise satisfy the conditions identified below. Landlord shall
have the right at any time to require that a new standard commercially reasonable waiver of liability and release form be signed by any of the Amenities Facilities Users as a condition to any further use of the Amenities Facilities by any of the
Amenities Facilities Users. The use of the Amenities Facilities shall be subject to any non-discriminatory commercially reasonable rules and regulations applicable to the Amenities Facilities and any
supplements thereto and Tenant shall (and shall cause all Amenities Facilities Users to) observe and comply with any such rules and regulations. Landlord and Tenant acknowledge that the use of the Amenities Facilities by the Amenities Facilities
Users shall be at the Amenities Facilities Users’ own risk and that the terms and provisions of Article 23 shall 

  
 79 

 
apply to the use of the Amenities Facilities by the Amenities Facilities Users, or the use of any equipment located therein by the Amenities Facilities Users (whether or not authorized), whether
or not such persons have properly executed Landlord’s standard form waiver of liability and release form. Tenant shall be solely responsible for the proper use of the Amenities Facilities and the equipment located therein by the Amenities
Facilities Users. Tenant acknowledges and agrees that Landlord shall not be obligated to provide supervision of use of the Amenities Facilities made by the Amenities Facilities Users or others. Landlord shall have the right (but not the obligation),
in Landlord’s sole and absolute discretion, to expand, or cause the expansion of, the Amenities Facilities. Landlord shall also have the right (in Landlord’s sole and absolute discretion) to close (or cause the closure of) the Amenities
Facilities. Any and all fees, costs and expenses arising from, relating to and/or in connection with operating, managing, owning, maintaining, repairing and replacing the Amenities Facilities, including any costs of operating, managing, maintaining
and repairing the building in which the Amenities Facilities are located, shall be included as part of Operating Expenses (the “Amenities Facilities Operating Expenses”). No expansion or closure of the Amenities Facilities shall
entitle Tenant to an abatement or reduction in Rent, constitute a constructive eviction, or result in a default by Landlord under this Lease; provided that, if the Amenities Facilities are permanently closed and are not converted into other
Common Area facilities, then (a) the Rentable Area of the Premises under this Lease shall be reduced in accordance with the methodology used to increase the Rentable Area as set forth in Section 45, and (b) Base Rent and
Tenant’s Pro Rata Shares of the Project and Building shall be adjusted accordingly. Notwithstanding anything to the contrary in this Lease, except to the extent caused by the gross negligence or willful misconduct of Landlord or its employees
(but without limiting the provisions of Sections 23.6, 28.2 and 31.12), neither Landlord nor the 4575 Owner nor any other Landlord Indemnitee shall have responsibility or any other liability to Tenant or any other Amenities
Facilities User for (and Tenant, on behalf of itself and any and all Amenities Facilities Users hereby waives and releases Landlord, the 4575 Owner and all other Landlord Indemnitees from and expressly assumes the risk of) any Claims, accidents,
liens or injuries of any nature, kind or description arising from (y) Tenant’s or any other Amenities Facilities User’s use of the Amenities Facilities and/or (z) Landlord’s, the 4575 Owner’s or any other Landlord
Indemnitee’s operation and maintenance of the Amenities Facilities. 
 47. Expansion Space. In the event that (a) Tenant
requires additional space for its operations in the Premises, (b) Landlord and Tenant are unable to negotiate mutually acceptable terms for such expansion at the Project and (c) Landlord and Tenant or an affiliate of Landlord and Tenant
are able to negotiate mutually acceptable terms for the lease of such additional space at another property owned by Landlord or an affiliate of Landlord (the “Expansion Space”), then upon the full execution of a lease for the
Expansion Space (the “Expansion Lease”), Tenant shall have the unilateral right to terminate the Lease without penalty or a termination fee pursuant to this Section (the “Termination Option”); provided that,
(y) the term of the Expansion Lease shall be no less than ten (10) years and (z) the size of the Expansion Space shall be no less than (i) seventy-five thousand (75,000) square feet of Rentable Area, if Tenant elects not to
exercise the 4575 Option or (ii) ninety-five thousand (95,000) square feet of Rentable Area, if Tenant elects to exercise the 4575 Option. In the event Tenant elects to exercise the Termination Option, Tenant shall send written notice (the
“Termination Notice”) to Landlord of Tenant’s election to 

  
 80 

 
terminate the Lease pursuant to this Section no later than thirty (30) days following the full execution and delivery of the Expansion Lease (the “Termination Option
Deadline”). The Termination Notice shall specify the effective date of such termination, which date shall be no less than ninety (90) days after Landlord’s receipt of the Termination Notice. Time shall be of the essence as to
Tenant’s exercise of the Termination Option set forth in this Section. Tenant assumes full responsibility for maintaining a record of the Termination Option Deadline and acknowledges that it would be inequitable to require Landlord to accept
any exercise of the Termination Option set forth in this Section after the Termination Option Deadline. Notwithstanding anything to the contrary set forth in this Section, neither party (nor any affiliate of Landlord) shall have any obligation to
enter into or negotiate for the Expansion Lease. The Termination Option shall be personal to the original Tenant and shall only apply to the extent that the original Tenant (and not any assignee, or any sublessee or other transferee of the original
Tenant’s interest in this Lease, other than Tenant’s Affiliate pursuant to an Exempt Transfer) is the Tenant under this Lease. 

48. Hazardous Materials Shed. Subject to the terms, conditions and provisions set forth in Exhibit L attached hereto,
Tenant shall have the right to use and maintain the Hazardous Materials Shed in the Hazardous Materials Shed License Area (as such terms are defined in Exhibit L) for the purposes set forth in Exhibit L. Landlord and Tenant agree that
(a) the Hazardous Materials Shed License Area occupies three (3) parking spaces within the parking facilities serving the Building, and (b) Tenant’s use of the Hazardous Materials Shed License Area shall count toward and reduce
the number of Tenant’s Allotted Parking Spaces (such that the total number of Tenant’s Allotted Parking Spaces under the Lease shall be reduced by three (3) parking spaces). 

[REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] 

  
 81 

 IN WITNESS WHEREOF, the parties hereto have executed this Lease as of the
date first above written. 
 LANDLORD: 

BMR-9360-9390 TOWNE CENTRE LP, 

a Delaware limited partnership 
  

			
	 By:
	 	 /s/ Kevin M. Simonsen

	 Name:
	 	 Kevin M. Simonsen

	 Title:
	 	 Sr. Vice President, Sr. Counsel

 TENANT: 

POSEIDA THERAPEUTICS, INC., 
 a Delaware
corporation 
  

			
	 By:
	 	 /s/ Mark Gergen

	 Name:
	 	 Mark Gergen

	 Title:
	 	 CBO & CFO

 EXHIBIT A 

PREMISES 
  

 
 9390 Towne Centre Drive – 2nd 

Floor 
  
 

 
 9390 Towne Centre Drive – 3rd 

Floor 
  
 

 

  
 A-1 

 EXHIBIT B 

WORK LETTER 

This Work Letter (this “Work Letter”) is made and entered into as of the 1st day of October, 2018, by and
between BMR-9360-9390 TOWNE CENTRE LP, a Delaware limited partnership (“Landlord”), and POSEIDA THERAPEUTICS, INC., a Delaware corporation (“Tenant”), and is attached to and
made a part of that certain Lease dated as of October 1, 2018 (as the same may be amended, amended and restated, supplemented or otherwise modified from time to time, the “Lease”), by and between Landlord and Tenant for the
Premises located at 9390 Towne Center Drive, San Diego, California. All capitalized terms used but not otherwise defined herein shall have the meanings given them in the Lease. 

1. General Requirements. 

1.1. Authorized Representatives. 

(a) Landlord designates, as Landlord’s authorized representative (“Landlord’s Authorized
Representative”), (i) Federico Mina as the person authorized to initial plans, drawings, approvals and to sign change orders pursuant to this Work Letter and (ii) an officer of Landlord as the person authorized to sign any amendments
to this Work Letter or the Lease. Tenant shall not be obligated to respond to or act upon any such item until such item has been initialed or signed (as applicable) by the appropriate Landlord’s Authorized Representative. Landlord may change
either Landlord’s Authorized Representative upon one (1) business day’s prior written notice to Tenant. 
 (b)
Tenant designates Mark Gergen as the person authorized to initial and sign all plans, drawings, change orders and approvals pursuant to this Work Letter (“Tenant’s Authorized Representative”). Landlord shall not be obligated to
respond to or act upon any such item until such item has been initialed or signed (as applicable) by Tenant’s Authorized Representative. Tenant may change Tenant’s Authorized Representative upon one (1) business day’s prior
written notice to Landlord. 
 1.2. Schedule. The schedule for design and development of the Tenant Improvements,
including the time periods for preparation and review of construction documents, approvals and performance, shall be in accordance with a schedule to be prepared by Landlord (the “Schedule”), which as of the Execution Date provides
for Substantial Completion of the Tenant Improvements by March 15, 2019. The Schedule shall be subject to adjustment as mutually agreed upon in writing by the parties, or as otherwise provided in this Work Letter. 

1.3. Landlord’s Architects, Contractors and Consultants. Landlord has agreed to initially use McFarlane Architects,
Inc. (“McFarlane”) as the architect for the Tenant Improvements and, as of the Execution Date, intends to initially use Rudolph and Sletten, Inc. (“R&S”) for the general contractor work relating to the Tenant
Improvements; provided that, Landlord shall have the right, in its sole and absolute discretion, to (a) remove and replace 

  
 B-1 

 
McFarlane with an architect selected by Landlord and (b) to select and/or remove and replace the general contractor for the Tenant Improvements; provided that, in each case (but
without limiting Landlord’s sole and absolute discretion in the final decision), prior to selecting a replacement architect or general contractor (as applicable), Landlord shall provide Tenant with notification (which may be provided via email
to Tenant’s Authorized Representative) that such architect or general contractor (as applicable) is being replaced and allow Tenant two (2) days to provide input to Landlord on Tenant’s preferred replacement. Except as provided in the
foregoing sentence, the engineering consultants, design team, contractors and subcontractors responsible for the construction of the Tenant Improvements shall be selected by Landlord (in Landlord’s sole and absolute discretion). Without
limiting the foregoing, Landlord agrees to cause the general contractor responsible for the construction of the Tenant Improvements to request multiple bids for each trade within the Tenant Improvement work that such general contractor plans to have
performed by a subcontractor (individually, a “Trade” and collectively, the “Trades”); provided, however, that Tenant acknowledges that there is no assurance that such general contractor will actually receive
(and Tenant shall have no recourse or remedy if such general contractor does not receive) multiple bids for any Trade. 
 2. Tenant
Improvements. All Tenant Improvements shall be performed by Landlord’s contractor, at Tenant’s sole cost and expense (subject to Landlord’s obligations with respect to any portion of the Base TI Allowance and, if properly
requested by Tenant pursuant to the terms of the Lease, the Additional TI Allowance used by Landlord in completing the Tenant Improvements) and in substantial accordance with the Approved Plans (as defined below), the Lease and this Work Letter. To
the extent that the total projected cost of the Tenant Improvements (as projected by Landlord) exceeds the TI Allowance (such excess, the “Excess TI Costs”), Tenant shall advance to Landlord any Excess TI Costs within ten
(10) days after receipt of an invoice therefor, but in any case before Landlord commences the Tenant Improvements (provided that, Landlord will not submit any invoice to Tenant for Excess TI Costs until there is an Approved Budget (as
defined below)). If Landlord is delayed in commencing or constructing the Tenant Improvements due to Tenant’s failure to timely pay the Excess TI Costs to Landlord, Landlord shall be entitled to a day-for-day extension to achieve Substantial Completion of the Tenant Improvements for the period of such delay (for the avoidance of doubt, any resulting delay shall be deemed to be a delay (on a day-for-day basis) caused by or arising from Tenant (including for purposes of determining the Outside Date)). If the actual Excess TI Costs are less than the Excess TI Costs
paid by Tenant to Landlord, Landlord shall return such overage paid by Tenant pursuant to Section 4.1. If the cost of the Tenant Improvements (as projected by Landlord) increases over Landlord’s initial projection,
then Landlord may notify Tenant and Tenant shall deposit any additional Excess TI Costs with Landlord in the same way that Tenant deposited the initial Excess TI Costs. If Tenant fails to pay, or is late in paying, any sum due to Landlord under this
Work Letter, then Landlord shall have all of the rights and remedies set forth in the Lease for nonpayment of Rent (including the right to interest and the right to assess a late charge), and for purposes of any litigation instituted with regard to
such amounts the same shall be considered Rent. All material and equipment furnished by Landlord or its contractors as the Tenant Improvements shall be new or “like new,” and the Tenant Improvements shall be performed in a first-class,
workmanlike manner. 

  
 B-2 

 
Following Substantial Completion of the Tenant Improvements and upon written request from Tenant, to the extent assignable, Landlord will assign to Tenant all warranties for the Tenant
Improvements actually obtained by Landlord (and Landlord agrees that its contract with the general contractor for the Tenant Improvements will include an industry standard one (1) year warranty); provided, however, that, notwithstanding
any such assignment, Landlord shall also retain the right to enforce such warranties against the applicable contractor, at Landlord’s sole option. 

2.1. Work Plans. Landlord and Tenant have approved the schematics covering the Tenant Improvements, which are attached
hereto as Exhibit B-2 and incorporated herein by reference (the “Approved Schematic Plans).” 

2.2. Construction Plans. Landlord shall prepare final plans and specifications for the Tenant Improvements that
(a) are consistent with and are logical evolutions of the Approved Schematic Plans and (b) incorporate any other Tenant-requested (and Landlord-approved) Changes (as defined below). As soon as such final plans and specifications
(“Construction Plans”) are completed, Landlord shall deliver the same to Tenant for Tenant’s approval, which approval shall not be unreasonably withheld, conditioned or delayed. Such Construction Plans shall be approved or
disapproved by Tenant within five (5) days after delivery to Tenant, unless the same are of the nature that more time for review is reasonably required. If Tenant fails to respond within such five (5) day period, then Landlord shall
provide an additional written notice to Tenant (which may be by email to Tenant’s Authorized Representative) and if Tenant fails to approve or disapprove such Construction Plans within two (2) business days after such additional written
notice from Landlord, then such Construction Plans shall be deemed approved by Tenant. If the Construction Plans are disapproved by Tenant, then Tenant shall notify Landlord in writing of its reasonable objections to such Construction Plans, and the
parties shall confer and negotiate in good faith to reach agreement on the Construction Plans. Promptly after the Construction Plans are approved by Landlord and Tenant, two (2) copies of such Construction Plans shall be initialed and dated by
Landlord and Tenant, and Landlord shall promptly submit such Construction Plans to all appropriate Governmental Authorities for approval. The Construction Plans so approved, and all change orders specifically permitted by this Work Letter, are
referred to herein as the “Approved Plans.” In the event that Construction Plans are not approved by Tenant in accordance with this Section by October 19, 2018, then, notwithstanding anything in the Lease or this Work Letter to
the contrary, the period of time between October 19, 2018 and the business day immediately after the day the Construction Plans are approved by Tenant in accordance with this Section shall be deemed to be a delay (on a day-for-day basis) caused by or arising from Tenant (including for purposes of determining the Outside Date). 

2.3. Changes to the Tenant Improvements. Any changes to the Approved Plans (each, a “Change”) shall be
requested and instituted in accordance with the provisions of this Article 2 and shall be subject to the written approval of the non-requesting party in accordance with this Work Letter. 

  
 B-3 

 (a) Change Request. Either Landlord or Tenant may request Changes
after Tenant approves the Approved Plans by notifying the other party thereof in writing in substantially the same form as the AIA standard change order form (a “Change Request”), which Change Request shall detail the nature and
extent of any requested Changes, including (a) the Change, (b) the party required to perform the Change and (c) any modification of the Approved Plans and the Schedule, as applicable, necessitated by the Change. If the nature of a
Change requires revisions to the Approved Plans, then the requesting party shall be solely responsible for the cost and expense of such revisions and any increases in the cost of the Tenant Improvements as a result of such Change. Change Requests
shall be signed by the requesting party’s Authorized Representative. 
 (b) Approval of Changes. All Change
Requests shall be subject to the other party’s prior written approval, which approval shall not be unreasonably withheld, conditioned or delayed. The non-requesting party shall have five (5) days
after receipt of a Change Request to notify the requesting party in writing of the non-requesting party’s decision either to approve or object to the Change Request. If the
non-requesting party fails to respond within such five (5) day period, then the requesting party shall provide an additional written notice to the non-requesting
party and if the non-requesting party fails to respond within two (2) business days after such additional written notice from the requesting party, then the
non-requesting party shall be deemed to have approved such request. Notwithstanding the foregoing, in the event Tenant fails to respond to any request for Tenant’s approval within the initial five
(5) day period, such failure (no matter the cause) shall be deemed to be a delay (on a day-for-day basis) caused by or arising from Tenant (including for purposes
of determining the Outside Date). 
 3. Requests for Consent. Except as otherwise provided in this Work Letter, Tenant shall respond
to all requests for consents, approvals or directions made by Landlord pursuant to this Work Letter within five (5) days following Tenant’s receipt of such request. If Tenant fails to respond within such five (5) day period, then
Landlord shall provide an additional written notice to Tenant and if Tenant fails to respond within two (2) business days after such additional written notice from Landlord, then Tenant shall be deemed to have approved such request.
Notwithstanding the foregoing, in the event Tenant fails to respond to any request for Tenant’s consents, approvals or directions made by Landlord pursuant to this Work Letter within the initial five (5) day period, such failure (no matter
the cause) shall be deemed to be a delay (on a day-for-day basis) caused by or arising from Tenant (including for purposes of determining the Outside Date). 

4. TI Allowance. 

4.1. Application of TI Allowance. Landlord shall contribute, in the following order, the Base TI Allowance and, if
properly requested by Tenant pursuant to the terms of the Lease, the Additional TI Allowance and any Excess TI Costs advanced by Tenant to Landlord toward the costs and expenses incurred in connection with the performance of the Tenant Improvements,
in accordance with Article 4 of the Lease. If the entire TI Allowance is not applied toward or reserved for the costs of the Tenant Improvements (or the other costs for which the Lease expressly permits use of the TI Allowance), then Tenant
shall not be entitled to a credit of such 

  
 B-4 

 
unused portion of the TI Allowance. If the entire Excess TI Costs advanced by Tenant to Landlord are not applied toward the costs of the Tenant Improvements, then Landlord shall return such
excess to Tenant no later than sixty (60) days after completion of and the final accounting for the Tenant Improvements. Tenant may apply the Base TI Allowance and, if properly requested by Tenant pursuant to the terms of the Lease, the
Additional TI Allowance for the payment of construction and other costs in accordance with the terms and provisions of the Lease. 

4.2. Approval of Budget for the Tenant Improvements. Landlord shall prepare an estimated budget for the Tenant
Improvements based on the Construction Plans that are approved by Landlord and Tenant (the “Estimated Budget”). Notwithstanding anything to the contrary set forth elsewhere in this Work Letter or the Lease (but subject to the
proviso set forth below in this sentence), Landlord shall not have any obligation to expend any portion of the TI Allowance until Landlord and Tenant shall have approved in writing the Estimated Budget for the Tenant Improvements (the Estimated
Budget, as so approved, the “Approved Budget”); provided, however, that prior to the Approved Budget, Landlord will expend a portion of the TI Allowance on certain design costs incurred by McFarlane (that Landlord is
obligated to pay to McFarlane in accordance with Landlord’s agreement with McFarlane) in an effort to move the Tenant Improvements towards the Approved Plans stage. During any time period prior to Landlord’s approval of the Approved Budget
(but subject to the proviso in the immediately preceding sentence), Tenant shall pay all of the costs and expenses incurred in connection with the Tenant Improvements as they become due. In the event there is not an Approved Budget (in accordance
with the provisions of this Section) prior to the date that is the later of (a) the day that is two (2) business days after Landlord delivers the Estimated Budget to Tenant (which delivery may be made by email to Tenant’s Authorized
Representative) and (b) November 12, 2018 (the later of (a) and (b), the “Budget Deadline”), then, notwithstanding anything in the Lease or this Work Letter to the contrary, the period of time between the Budget
Deadline and the business day immediately after the day an Approved Budget is created (in accordance with the provisions of this Section) shall be deemed to be a delay (on a
day-for-day basis) caused by or arising from Tenant (including for purposes of determining the Outside Date). Tenant shall promptly reimburse Landlord for costs and
expenses relating to the Tenant Improvements that exceed the amount of the TI Allowance in accordance with the terms and conditions of this Work Letter. 

4.3. Fund Requests. Upon submission by Tenant to Landlord as of or prior to the TI Deadline of (a) a statement (a
“Fund Request”) setting forth the total amount of the TI Allowance requested, (b) a summary of the Tenant Improvements performed (or other work performed for which the TI Allowance may be used in accordance with the Lease and
this Work Letter) using AIA standard form Application for Payment (G 702) executed by the person performing such services, (c) invoices from the contractors, material suppliers and other parties requesting payment with respect to the amount of
the TI Allowance then being requested, (d) unconditional lien releases from the applicable contractor and each subcontractor and material supplier with respect to previous payments made by either Landlord or Tenant for the Tenant Improvements
in a form acceptable to Landlord and complying with Applicable Laws and © conditional lien releases from the applicable contractor and each subcontractor and material

  
 B-5 

 
supplier with respect to the Tenant Improvements performed (or other work performed for which the TI Allowance may be used in accordance with the Lease and this Work Letter) that correspond to
the Fund Request each in a form acceptable to Landlord and complying with Applicable Laws, then Landlord shall, within thirty (30) days following receipt by Landlord of a Fund Request and the accompanying materials required by this Section, pay
to (as elected by Landlord) the applicable contractors, subcontractors and material suppliers or Tenant (for reimbursement for payments made by Tenant to such contractors, subcontractors or material suppliers either prior to Landlord’s approval
of the Approved Budget or as a result of Tenant’s decision to pay for the Tenant Improvements itself and later seek reimbursement from Landlord in the form of one lump sum payment in accordance with the Lease and this Work Letter), the amount
of Tenant Improvement costs set forth in such Fund Request; provided, however, that Landlord shall not be obligated to make any payments under this Section until the budget for the Tenant Improvements is approved in accordance with
Section 4.2, and any Fund Request under this Section shall be submitted as of or prior to the TI Deadline and shall be subject to the payment limits set forth in Section 4.2 above and Article
4 of the Lease. Notwithstanding anything in this Section to the contrary, Tenant shall not submit a Fund Request after the TI Deadline or more often than every thirty (30) days. Any additional Fund Requests submitted by Tenant after the TI
Deadline or more often than every thirty (30) days shall be void and of no force or effect. 
 5. Miscellaneous. 

5.1. Incorporation of Lease Provisions. Sections 40.6 through 40.19 of the Lease are incorporated into
this Work Letter by reference, and shall apply to this Work Letter in the same way that they apply to the Lease. 
 5.2.
General. Except as otherwise set forth in the Lease or this Work Letter, this Work Letter shall not apply to improvements performed in any additional premises added to the Premises at any time or from time to time, whether by any options
under the Lease or otherwise; or to any portion of the Premises or any additions to the Premises in the event of a renewal or extension of the original Term, whether by any options under the Lease or otherwise, unless the Lease or any amendment or
supplement to the Lease expressly provides that such additional premises are to be delivered to Tenant in the same condition as the initial Premises. 

[REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] 

  
 B-6 

 IN WITNESS WHEREOF, Landlord and Tenant have executed this Work Letter to be
effective on the date first above written. 
 LANDLORD: 

BMR-9360-9390 TOWNE CENTRE LP, 

a Delaware limited partnership 
  

			
	 By:
	 	 /s/ Kevin M. Simonsen

	 Name:
	 	 Kevin M. Simonsen

	 Title:
	 	 Sr. Vice President, Sr. Counsel

 TENANT: 

POSEIDA THERAPEUTICS, INC., 
 a Delaware
corporation 
  

			
	 By:
	 	 /s/ Mark Gergen

	 Name:
	 	 Mark Gergen

	 Title:
	 	 CBO & CFO

  
 B-7 

 EXHIBIT B-1 

TENANT WORK INSURANCE SCHEDULE 

Tenant shall be responsible for requiring all of Tenant contractors doing construction or renovation work to purchase and maintain such
insurance as shall protect it from the claims set forth below which may arise out of or result from any Tenant Work whether such Tenant Work is completed by Tenant or by any Tenant contractors or by any person directly or indirectly employed by
Tenant or any Tenant contractors, or by any person for whose acts Tenant or any Tenant contractors may be liable: 
 1. Claims under
workers’ compensation, disability benefit and other similar employee benefit acts which are applicable to the Tenant Work to be performed. 

2. Claims for damages because of bodily injury, occupational sickness or disease, or death of employees under any applicable employer’s
liability law. 
 3. Claims for damages because of bodily injury, or death of any person other than Tenant’s or any Tenant
contractors’ employees. 
 4. Claims for damages insured by usual personal injury liability coverage which are sustained (a) by any
person as a result of an offense directly or indirectly related to the employment of such person by Tenant or any Tenant contractors or (b) by any other person. 

5. Claims for damages, other than to the Tenant Work itself, because of injury to or destruction of tangible property, including loss of use
therefrom. 
 6. Claims for damages because of bodily injury or death of any person or property damage arising from the ownership,
maintenance or use of any motor vehicle. 
 Tenant contractors’ Commercial General Liability Insurance shall include
premises/operations (including explosion, collapse and underground coverage if such Tenant Work involves any underground work), elevators, independent contractors, products and completed operations, and blanket contractual liability on all written
contracts, all including broad form property damage coverage. 
 Tenant contractors’ Commercial General, Automobile, Employers and
Umbrella Liability Insurance shall be written for not less than limits of liability as follows: 

  
 B-1-1 

			
	 a.   Commercial General Liability:

 
 Bodily Injury and Property
Damage
	  	 Not less than (a) for the general contractor , $2,000,000 per occurrence and $5,000,000 general aggregate, with
$5,000,000 products and completed operations aggregate, and (b) for all other contractors and subcontractors, $1,000,000 per occurrence and $2,000,000 general aggregate, with $2,000,000 products and completed operations aggregate

		
	 b.  Commercial Automobile Liability:

 
 Bodily Injury and Property
Damage
	  	 Coverage for liability arising from the use or operation of any auto on behalf of Tenant or invited by Tenant (including
those owned, hired, rented, leased, borrowed, scheduled or non-owned). Coverage shall be on a broad-based occurrence form in an amount not less than $2,000,000 combined single limit per accident. Such coverage
shall apply to all vehicles and persons, whether accessing the property with active or passive consent

		
	 c.   Employer’s Liability:

 
 Each Accident

 
 Disease – Policy Limit

 
 Disease – Each Employee
	  	 $1,000,000
  

$1,000,000
  

$1,000,000

		
	 d.  Umbrella Liability:

 
 Bodily Injury and Property
Damage
	  	 (Excess of coverages a, b and c above) of not less than $5,000,000 per occurrence / aggregate

		
	 e.   Workers’ Compensation:
	  	 As required by Applicable Laws

 All subcontractors for Tenant contractors shall carry the same coverages and limits as specified above, unless
different limits are reasonably approved by Landlord. The foregoing policies shall contain a provision that coverages afforded under the policies shall not be canceled or not renewed until at least thirty (30) days’ prior written notice
has been given to the Landlord. 

  
 B-1-2 

 Certificates of insurance including required endorsements showing such coverages to be in
force shall be filed with Landlord prior to the commencement of any Tenant Work and prior to each renewal. Coverage for completed operations must be maintained for the lesser of ten (10) years and the applicable statue of repose following
completion of the Tenant Work, and certificates evidencing this coverage must be provided to Landlord. The minimum A.M. Best’s rating of each insurer shall be A- VII. Landlord, 4575 Owner, BioMed Realty
LLC, BioMed Realty, L.P., BRE Edison L.P., BRE Edison LLC, BRE Edison Holdings L.P., BRE Edison Holdings LLC, BRE Edison Parent L.P. and their respective officers, employees, agents, general partners, members, subsidiaries, affiliates and Lenders
shall be named as an additional insureds under Tenant contractors’ Commercial General Liability, Commercial Automobile Liability, Umbrella Liability and, to the extent required by the Lease, the Work Letter or this Exhibit, Pollution Legal
Liability Insurance policies as respects liability arising from work or operations performed, or ownership, maintenance or use of any autos, by or on behalf of such contractors. Each contractor and its insurers shall provide waivers of subrogation
with respect to all insurance required by the Lease, the Work Letter or this Exhibit. 
 If any contractor’s work involves the handling
or removal of asbestos, lead or other Hazardous Materials (as determined by Landlord in its sole and absolute discretion), such contractor shall also carry Pollution Legal Liability insurance. Such coverage shall include bodily injury, sickness,
disease, death or mental anguish or shock sustained by any person; property damage, including physical injury to or destruction of tangible property (including the resulting loss of use thereof), clean-up
costs and the loss of use of tangible property that has not been physically injured or destroyed; and defense costs, charges and expenses incurred in the investigation, adjustment or defense of claims for such damages. Coverage shall apply to both
sudden and non-sudden pollution conditions including the discharge, dispersal, release or escape of smoke, vapors, soot, fumes, acids, alkalis, toxic chemicals, liquids or gases, waste materials or other
irritants, contaminants or pollutants into or upon land, the atmosphere or any watercourse or body of water. Claims-made coverage is permitted, provided the policy retroactive date is continuously maintained prior to the Term Commencement
Date, and coverage is continuously maintained during all periods in which Tenant occupies the Premises. Coverage shall be maintained with limits of not less than $2,000,000 per incident with a $4,000,000 policy aggregate. 

  
 B-1-3 

 EXHIBIT B-2 

APPROVED SCHEMATIC PLANS 
  

 

  
 B-2-1 

 

 

  
 B-1-2 

 EXHIBIT C 

ACKNOWLEDGEMENT OF TERM COMMENCEMENT DATE 

AND TERM EXPIRATION DATE 

THIS ACKNOWLEDGEMENT OF TERM COMMENCEMENT DATE AND TERM EXPIRATION DATE is entered into as of
[            ], 20[    ], with reference to that certain Lease (the “Lease”) dated as of
[            ], 2018, by POSEIDA THERAPEUTICS, INC., a Delaware corporation (“Tenant”), in favor of BMR-9360-9390 TOWNE CENTRE LP, a
Delaware limited partnership (“Landlord”). All capitalized terms used herein without definition shall have the meanings ascribed to them in the Lease. 

Tenant hereby confirms the following: 

1. Tenant accepted possession of the Premises for use in accordance with the Permitted Use on
[            ], 20[    ]. Tenant first occupied the Premises for the Permitted Use on [            ],
20[    ]. 
 2. In accordance with the provisions of Article 4 of the Lease, the Term Commencement Date is
[            ], 20[    ], and, unless the Lease is terminated prior to the Term Expiration Date pursuant to its terms, the Term Expiration Date shall be
[            ], 20[    ]. 
 3. The obligation to pay Rent
is presently in effect and all Rent obligations on the part of Tenant under the Lease commenced to accrue on [            ], 20[    ], with Base Rent payable on the
dates and amounts set forth in the chart below, subject to adjustment under the Lease (including the Base Rent Abatement as provided in Section 7.1 of the Lease, the annual Base Rent adjustments provided in Article 8
of the Lease and adjustments to Base Rent pursuant to Sections 44 and 45 of the Lease): 
  

																	
	 Dates
	  	Square Feet
of Rentable
Area*	 	  	Base Rent per Square
Foot of Rentable Area	 	  	Monthly Base
Rent*	 	  	Annual Base
Rent*	 
	 Term Commencement Date – Month 12
	  	 	53,110	 	  	$	3.90 monthly	 	  	$	207,129.00	 	  	$	2,485,548.00	 

  

	* Note: 	 Subject to adjustment as provided in this Lease. 

[REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] 

  
 C-1 

 IN WITNESS WHEREOF, Tenant has executed this Acknowledgment of Term
Commencement Date and Term Expiration Date as of the date first written above. 
 TENANT: 

POSEIDA THERAPEUTICS, INC., 
 a Delaware
corporation 
  

	
	 By:
                                         
                

	 Name:
                                         
           

	 Title:
                                         
             ]

  
 C-2 

 EXHIBIT D 

FORM OF ADDITIONAL TI ALLOWANCE ACCEPTANCE LETTER 

[TENANT LETTERHEAD] 
 BMR-9360-9390 Towne Centre LP 
 17190 Bernardo Center Drive 

San Diego, California 92128 
 Attn: Legal Department 

[Date] 
 Re:
    [Additional TI Allowance] 
 To Whom It May Concern: 

This letter concerns that certain Lease dated as of
[                ], 20[    ] (the “Lease”), between BMR-9360-9390 Towne Centre LP
(“Landlord”) and Poseida Therapeutics, Inc. (“Tenant”). Capitalized terms not otherwise defined herein shall have the meanings given them in the Lease. 

Tenant hereby notifies Landlord that it wishes to exercise its right to utilize
[$                ] of the Additional TI Allowance pursuant to Article 4 of the Lease. 

If you have any questions, please do not hesitate to call
[            ] at ([      ]) [      ]-[      ]. 

 

	
	 Sincerely,

	
	 [Name]

	 [Title of Authorized Signatory]

  

	cc:	 Karen Sztraicher 

Jon Bergschneider 

Kevin Simonsen 

  
 D-1 

 EXHIBIT E 

FORM OF LETTER OF CREDIT 

[On letterhead or L/C letterhead of Issuer] 

LETTER OF CREDIT 
 Date:
            , 20     
 (the “Beneficiary”)

  
 Attention: _________________

 L/C. No.: __________________ 

Loan No. : _________________ 

Ladies and Gentlemen: 

We establish in favor of Beneficiary our irrevocable and unconditional Letter of Credit numbered as identified above (the
“L/C”) for an aggregate amount of $            , expiring at     :00 p.m. on             
or, if such day is not a Banking Day, then the next succeeding Banking Day (such date, as extended from time to time, the “Expiry Date”). “Banking Day” means a weekday except a weekday when commercial banks in
                     are authorized or required to close. 

We authorize Beneficiary to draw on us (the “Issuer”) for the account of
             (the “Account Party”), under the terms and conditions of this L/C. 

Funds under this L/C are available by presenting the following documentation (the “Drawing Documentation”):
(a) the original L/C and (b) a sight draft substantially in the form of Attachment 1, with blanks filled in and bracketed items provided as appropriate. No other evidence of authority, certificate, or documentation is required. 

Drawing Documentation must be presented at Issuer’s office at
                     on or before the Expiry Date by personal presentation, courier or messenger service, or fax. Presentation by fax shall be
effective upon electronic confirmation of transmission as evidenced by a printed report from the sender’s fax machine. After any fax presentation, but not as a condition to its effectiveness, Beneficiary shall with reasonable promptness deliver
the original Drawing Documentation by any other means. Issuer will on request issue a receipt for Drawing Documentation. 

We agree, irrevocably, and irrespective of any claim by any other person, to honor drafts drawn under and in conformity with
this L/C, within the maximum amount of this L/C, presented 

  
 E-1 

 to us on or before the Expiry Date, provided we also receive (on or before the Expiry
Date) any other Drawing Documentation this L/C requires. 
 We shall pay this L/C only from our own funds by check or wire
transfer, in compliance with the Drawing Documentation. 
 If Beneficiary presents proper Drawing Documentation to us on or
before the Expiry Date, then we shall pay under this L/C at or before the following time (the “Payment Deadline”): (a) if presentment is made at or before noon of any Banking Day, then the close of such Banking Day; and
(b) otherwise, the close of the next Banking Day. We waive any right to delay payment beyond the Payment Deadline. If we determine that Drawing Documentation is not proper, then we shall so advise Beneficiary in writing, specifying all grounds
for our determination, within one Banking Day after the Payment Deadline. 
 Partial drawings are permitted. This L/C shall,
except to the extent reduced thereby, survive any partial drawings. 
 We shall have no duty or right to inquire into the
validity of or basis for any draw under this L/C or any Drawing Documentation. We waive any defense based on fraud or any claim of fraud. 

The Expiry Date shall automatically be extended by one year (but never beyond         
(the “Outside Date”)) unless, on or before the date 90 days before any Expiry Date, we have given Beneficiary notice that the Expiry Date shall not be so extended (a “Nonrenewal Notice”). We shall promptly upon
request confirm any extension of the Expiry Date under the preceding sentence by issuing an amendment to this L/C, but such an amendment is not required for the extension to be effective. We need not give any notice of the Outside Date. 

Beneficiary may from time to time without charge transfer this L/C, in whole but not in part, to any transferee (the
“Transferee”). Issuer shall look solely to Account Party for payment of any fee for any transfer of this L/C. Such payment is not a condition to any such transfer. Beneficiary or Transferee shall consummate such transfer by
delivering to Issuer the original of this L/C and a Transfer Notice substantially in the form of Attachment 2, purportedly signed by Beneficiary, and designating Transferee. Issuer shall promptly reissue or amend this L/C in favor of
Transferee as Beneficiary. Upon any transfer, all references to Beneficiary shall automatically refer to Transferee, who may then exercise all rights of Beneficiary. Issuer expressly consents to any transfers made from time to time in compliance
with this paragraph. 
 Any notice to Beneficiary shall be in writing and delivered by hand with receipt acknowledged or by
overnight delivery service such as FedEx (with proof of delivery) at the above address, or such other address as Beneficiary may specify by written notice to Issuer. A copy of any such notice shall also be delivered, as a condition to the
effectiveness of such notice, to:                  (or such replacement as Beneficiary designates from time to time by written notice). 

  
 E-2 

 No amendment that adversely affects Beneficiary shall be effective without
Beneficiary’s written consent. 
 This L/C is subject to and incorporates by reference: (a) the International
Standby Practices 98 (“ISP 98”); and (b) to the extent not inconsistent with ISP 98, Article 5 of the Uniform Commercial Code of the State of New York. 

 

	
	 Very truly yours,

	
	 [Issuer Signature]

  
 E-3 

 ATTACHMENT 1 TO EXHIBIT E 

FORM OF SIGHT DRAFT 

[BENEFICIARY LETTERHEAD] 

TO: 
 [Name and Address of
Issuer] 
 SIGHT DRAFT 

AT SIGHT, pay to the Order of
                    , the sum of
                     United States Dollars
($                    ). Drawn under [Issuer] Letter of Credit No.
                             dated
                    . 
 [Issuer is
hereby directed to pay the proceeds of this Sight Draft solely to the following account:
                                .] 

[Name and signature block, with signature or purported signature of Beneficiary] 

Date: ________________ 

  
 E-1-1 

 ATTACHMENT 2 TO EXHIBIT E 

FORM OF TRANSFER NOTICE 

[BENEFICIARY LETTERHEAD] 

TO: 
 [Name and Address of
Issuer] (the “Issuer”) 
 TRANSFER NOTICE 

By signing below, the undersigned, Beneficiary (the “Beneficiary”) under Issuer’s Letter of Credit No.
                     dated                     
(the “L/C”), transfers the L/C to the following transferee (the “Transferee”): 
 [Transferee Name and
Address] 
 The original L/C is enclosed. Beneficiary directs Issuer to reissue or amend the L/C in favor of Transferee as Beneficiary.
Beneficiary represents and warrants that Beneficiary has not transferred, assigned, or encumbered the L/C or any interest in the L/C, which transfer, assignment, or encumbrance remains in effect. 

[Name and signature block, with signature or purported signature of Beneficiary] 

Date: ________________] 

 EXHIBIT F 

RULES AND REGULATIONS 

NOTHING IN THESE RULES AND REGULATIONS (“RULES AND REGULATIONS”) SHALL SUPPLANT ANY PROVISION OF THE LEASE.
IN THE EVENT OF A CONFLICT OR INCONSISTENCY BETWEEN THESE RULES AND REGULATIONS AND THE LEASE, THE LEASE SHALL PREVAIL. 
 1. No Tenant Party
shall encumber or obstruct the common entrances, lobbies, elevators, sidewalks and stairways of the Building(s) or the Project or use them for any purposes other than ingress or egress to and from the Building(s) or the Project. 

2. Except as specifically provided in the Lease, no sign, placard, picture, advertisement, name or notice shall be installed or displayed on
any part of the outside of the Premises or the Building(s) without Landlord’s prior written consent. Landlord shall have the right to remove, at Tenant’s sole cost and expense and without notice, any sign installed or displayed in
violation of this rule. 
 3. If Landlord objects in writing to any curtains, blinds, shades, screens, hanging plants or other similar
objects attached to or used in connection with any window or door of the Premises or placed on any windowsill, and (a) such window, door or windowsill is visible from the exterior of the Premises and (b) such curtain, blind, shade, screen,
hanging plant or other object is not included in plans approved by Landlord, then Tenant shall promptly remove such curtains, blinds, shades, screens, hanging plants or other similar objects at its sole cost and expense. 

4. No deliveries shall be made that impede or interfere with other tenants in or the operation of the Project. Movement of furniture, office
equipment or any other large or bulky material(s) through the Common Area shall be restricted to such hours as Landlord may designate and shall be subject to reasonable restrictions that Landlord may impose. 

5. Tenant shall not place a load upon any floor of the Premises that exceeds the load per square foot that (a) such floor was designed to
carry or (b) is allowed by Applicable Laws. Fixtures and equipment that cause noises or vibrations that may be transmitted to the structure of the Building(s) to such a degree as to be objectionable to other tenants shall be placed and
maintained by Tenant, at Tenant’s sole cost and expense, on vibration eliminators or other devices sufficient to eliminate such noises and vibrations to levels reasonably acceptable to Landlord and the affected tenants of the Project. 

6. Tenant shall not use any method of HVAC other than that present at the Project and serving the Premises as of the Execution Date or as
otherwise approved in writing by Landlord. 
 7. Tenant shall not install any radio, television or other antennae; cell or other
communications equipment; or other devices on the roof or exterior walls of the Premises except in accordance with the Lease. Tenant shall not interfere with radio, television or other digital or electronic communications at the Project or
elsewhere. 

  
 F-1 

 8. Canvassing, peddling, soliciting and distributing handbills or any other written material
within, on or around the Project (other than within the Premises) are prohibited. Tenant shall cooperate with Landlord to prevent such activities by any Tenant Party. 

9. Tenant shall store all of its trash, garbage and Hazardous Materials in receptacles within its Premises or in receptacles designated by
Landlord outside of the Premises. Tenant shall not place in any such receptacle any material that cannot be disposed of in the ordinary and customary manner of trash, garbage and Hazardous Materials disposal. Any Hazardous Materials transported
through Common Area shall be held in secondary containment devices. Tenant shall be responsible, at its sole cost and expense, for Tenant’s removal of its trash, garbage and Hazardous Materials. Tenant is encouraged to participate in the waste
removal and recycling program in place at the Project. 
 10. The Premises shall not be used for lodging or for any improper, immoral or
objectionable purpose. No cooking shall be done or permitted in the Premises; provided, however, that Tenant may use (a) equipment approved in accordance with the requirements of insurance policies that Landlord or Tenant is required to
purchase and maintain pursuant to the Lease for brewing coffee, tea, hot chocolate and similar beverages, (b) microwave ovens for employees’ use and (c) equipment shown on Tenant Improvement plans approved by Landlord;
provided, further, that any such equipment and microwave ovens are used in accordance with Applicable Laws. 
 11. Tenant shall not,
without Landlord’s prior written consent, use the name of the Project, if any, in connection with or in promoting or advertising Tenant’s business except as Tenant’s address. 

12. Tenant shall comply with all safety, fire protection and evacuation procedures and regulations established by Landlord or any Governmental
Authority. 
 13. Tenant assumes any and all responsibility for protecting the Premises from theft, robbery and pilferage, which
responsibility includes keeping doors locked and other means of entry to the Premises closed. 
 14. Tenant shall not modify any locks to the
Premises without Landlord’s prior written consent, which consent Landlord shall not unreasonably withhold, condition or delay. Tenant shall furnish Landlord with copies of keys, pass cards or similar devices for locks to the Premises. 

15. Tenant shall cooperate and participate in all reasonable security programs affecting the Premises. 

  
 F-2 

 16. Tenant shall not permit any animals in the Project, other than for service animals or
for use in laboratory experiments. 
 17. Bicycles shall not be taken into the Building(s) (including the elevators and stairways of the
Building) except into areas designated by Landlord. 
 18. The water and wash closets and other plumbing fixtures shall not be used for any
purposes other than those for which they were constructed, and no sweepings, rubbish, rags or other substances shall be deposited therein. 

19. Discharge of industrial sewage shall only be permitted if Tenant, at its sole expense, first obtains all necessary permits and licenses
therefor from all applicable Governmental Authorities. 
 20. Smoking and vaping are prohibited inside the Building, except in designated
outdoor areas of the Project (if any). 
 21. The Project’s hours of operation are currently 24 hours a day, seven days a week. 

22. Tenant shall not permit any fire-arms in the Project. 

23. Tenant shall comply with all orders, requirements and conditions now or hereafter imposed by Applicable Laws or Landlord (“Waste
Regulations”) regarding the collection, sorting, separation and recycling of waste products, garbage, refuse and trash generated by Tenant (collectively, “Waste Products”), including (without limitation) the separation of
Waste Products into receptacles reasonably approved by Landlord and the removal of such receptacles in accordance with any collection schedules prescribed by Waste Regulations. 

24. Tenant, at Tenant’s sole cost and expense, shall cause the Premises to be exterminated on a monthly basis to Landlord’s
reasonable satisfaction and shall cause all portions of the Premises used for the storage, preparation, service or consumption of food or beverages to be cleaned daily in a manner reasonably satisfactory to Landlord, and to be treated against
infestation by insects, rodents and other vermin and pests whenever there is evidence of any infestation. Tenant shall not permit any person to enter the Premises or the Project for the purpose of providing such extermination services, unless such
persons have been approved by Landlord. If requested by Landlord, Tenant shall, at Tenant’s sole cost and expense, store any refuse generated in the Premises by the consumption of food or beverages in a cold box or similar facility. 

25. If Tenant desires to use any portion of the Common Area for a Tenant-related event, Tenant must notify Landlord in writing at least thirty
(30) days prior to such event on the form attached as Attachment 1 to this Exhibit, which use shall be subject to Landlord’s prior written consent, not to be unreasonably withheld, conditioned or delayed. Notwithstanding anything in
this Lease or the completed and executed Attachment to the contrary, Tenant shall be solely responsible for setting up and taking down any equipment or other materials required for the event, and shall promptly pick up any litter and report any
property damage to Landlord related 

  
 F-3 

 
to the event. Any use of the Common Area pursuant to this Section shall be subject to the provisions of Article 28 of the Lease. 

26. Landlord or its designee will establish rules and regulations applicable to use of the Amenities Facilities and will have the right to
revoke or refuse access to the Amenities Facilities to any user who violates such rules and regulations or behaves in a manner which causes a disturbance or interference with other users of the Amenities Facilities. 

Landlord may waive any one or more of these Rules and Regulations for the benefit of Tenant or any other tenant, but no such
waiver by Landlord shall be construed as a waiver of such Rules and Regulations in favor of Tenant or any other tenant, nor prevent Landlord from thereafter enforcing any such Rules and Regulations against any or all of the tenants of the Project,
including Tenant. Any consent, approval or waiver required of Landlord under these Rules and Regulations shall not be unreasonably withheld. These Rules and Regulations are in addition to, and shall not be construed to in any way modify or amend, in
whole or in part, the terms covenants, agreements and conditions of the Lease. Landlord reserves the right to make such other and reasonable, non-discriminatory additional rules and regulations as, in its
judgment, may from time to time be needed for safety and security, the care and cleanliness of the Project, or the preservation of good order therein; provided, however, that Tenant shall not be obligated to adhere to such additional rules or
regulations until Landlord has provided Tenant with written notice thereof. Tenant agrees to abide by these Rules and Regulations and any such additional rules and regulations issued or adopted by Landlord. Tenant shall be responsible for the
observance of these Rules and Regulations by all Tenant Parties. 

  
 F-4 

 ATTACHMENT 1 TO EXHIBIT F 

REQUEST FOR USE OF COMMON AREA 

REQUEST FOR USE OF COMMON AREA 
  

			
	 Date of Request:
	 	
                  
                   

		
	 Landlord/Owner:
	 	
                  
       

		
	 Tenant/Requestor:
	 	              

		
	 Property Location:
	 	
                 

		
	 Event Description:
	 	
                  
           

	
	  

	
	  

			
	
	 Proposed Plan for Security &
Cleaning:

  

			
	Date of Event:	 	  

 

			
	Hours of Event: (to include set-up and take down):	 	  

 

			
	 Location at Property (see attached map):
	 	  

 

			
	 Number of Attendees:
	 	  

 

			
	Open to the Public? [___] YES [___] NO
	
	 Food and/or Beverages? [___] YES [___]
NO

  

			
	
	 If YES:

	
	 •  Will food be prepared on site? [___] YES [___]
NO

			
	
	
•  Please describe:            
                                         
                                         
                                         
                                         
                     

	
	 •  Will alcohol be served? [___] YES 
[___] NO

	
	
•  Please describe:            
                                         
                                         
                                         
                                         
                 

	
	 •  Will attendees be charged for alcohol? [___] YES
[___] NO

  
 F-1-1 

	 	•	 	 Is alcohol license or permit required? [___] YES [___] NO 

 

	 	•	 	 Does caterer have alcohol license or permit: [___] YES [___] NO [___] N/A  

Other Amenities (tent, booths, band, food trucks, bounce house,
etc.):                                       
                                         
                                        

 
  
  

 
 Other Event Details or Special
Circumstances:                                     
                                         
                                         
                                 

 
  
  

 
  

 
  

 
 The undersigned certifies that the
foregoing is true, accurate and complete and he/she is duly authorized to sign and submit this request on behalf of the Tenant/Requestor named above. 

[INSERT NAME OF TENANT/REQUESTOR] 
  

			
	 By:
	 	
                  
                                         
  

	 Name:
	 	  

	 Title:
	 	  

	 Date:
	 	  

  
 F-1-2 

 EXHIBIT G 

LOCATION OF VISITOR PARKING SPACES 

[See attached] 

  
 G-1 

 

 

 EXHIBIT H 

TENANT’S PROPERTY 

None. 

  
 H-1 

 EXHIBIT I 

FORM OF ESTOPPEL CERTIFICATE 
  

	To:	 BMR-9360-9390 Towne Center LP 

17190 Bernardo Center Drive 

San Diego, California 92128 

Attention: Legal Department 

BioMed Realty, L.P. 

17190 Bernardo Center Drive 

San Diego, California 92128 
  

	Re:	 [PREMISES ADDRESS] (the “Premises”) at [STREET ADDRESS], [CITY AND STATE] (the
“Property”) 

 The undersigned tenant (“Tenant”) hereby certifies to you as follows:

 1. Tenant is a tenant at the Property under a lease (the “Lease”) for the Premises dated as of
[            ], 20[        ]. The Lease has not been cancelled, modified, assigned, extended or amended [except as follows:
[            ]], and there are no other agreements, written or oral, affecting or relating to Tenant’s lease of the Premises or any other space at the Property. The lease term expires
on [            ], 20[        ]. 
 2.
Tenant took possession of the Premises, currently consisting of [            ] square feet, on [            ],
20[        ], and commenced to pay rent on [            ], 20[        ]. Tenant has full possession of the
Premises, has not assigned the Lease or sublet any part of the Premises, and does not hold the Premises under an assignment or sublease[, except as follows: [            ]]. 

3. All base rent, rent escalations and additional rent under the Lease have been paid through
[            ], 20[        ]. There is no prepaid rent[, except $[            ]][, and
the amount of security deposit is $[            ] [in cash][OR][in the form of a letter of credit]]. Tenant currently has no right to any future rent abatement under the Lease[, except as
follows: [            ]]. 
 4. Base rent is currently payable in the amount of
$[            ] per month. 
 5. Tenant is currently paying estimated payments
of additional rent of $[            ] per month on account of real estate taxes, insurance, management fees and Common Area maintenance expenses. 

6. All work to be performed for Tenant under the Lease has been performed as required under the Lease and has been accepted by Tenant[, except
[            ]], and all allowances to be paid to Tenant, including allowances for tenant improvements, moving expenses or other items, have been paid. 

  
 I-1 

 7. The Lease is in full force and effect, and, to the best of Tenant’s knowledge,
(a) is free from default and free from any event that could become a default under the Lease, and (b) Tenant has no claims against the landlord or offsets or defenses against rent, and (c) there are no disputes with the landlord.
Tenant has received no notice of prior sale, transfer, assignment, hypothecation or pledge of the Lease or of the rents payable thereunder[, except [            ]]. 

8. [Tenant has the following expansion rights or options for leasing additional space at the Property:
[            ].][OR][Tenant has no rights or options to purchase the Property.] 

9. To Tenant’s knowledge, no hazardous wastes have been generated, treated, stored or disposed of by or on behalf of Tenant in, on or
around the Premises or the Project in violation of any environmental laws. 
 10. The undersigned has executed this Estoppel Certificate
with the knowledge and understanding that [INSERT NAME OF LANDLORD, PURCHASER OR LENDER, AS APPROPRIATE] or its assignee is [acquiring the Property/making a loan secured by the Property] in reliance on this certificate and that the undersigned shall
be bound by this certificate. The statements contained herein may be relied upon by [INSERT NAME OF PURCHASER OR LENDER, AS APPROPRIATE], [LANDLORD], BioMed Realty, L.P., BRE Edison L.P., and any [other] mortgagee of the Property and their
respective successors and assigns. 
 Any capitalized terms not defined herein shall have the respective meanings given in the Lease. 

Dated this [      ] day of [            ],
20[        ]. 
 [            ], 

a [            ] 

 

			
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

  
 I-2 

 EXHIBIT J 

DESCRIPTION OF LANDLORD IMPROVEMENTS 
  

	 	•	 	 Relocation of the stairway that is currently on the East side of the Building to the East exterior wall.

  

	 	•	 	 Submetering for electricity serving the Premises. 

 

	 	•	 	 Landscaping and hardscaping in the courtyard between Building and the building located at 9360 Towne Centre
Drive, San Diego, California, as generally shown on the site plan attached as Exhibit K (the “Landlord Improvements Site Plan”). 

 

	 	•	 	 Modification to the existing restrooms on each floor of the Building to bring such restrooms into compliance
with the ADA (in effect and as interpreted as of the Execution Date). 

  

	 	•	 	 Creation of a Building common lobby. 

 

	 	•	 	 Certain amenities for the Project selected by Landlord, which, at a minimum, will include a café and
fitness center, but shall otherwise be determined by Landlord in Landlord’s sole and absolute discretion (the “Amenities Facilities”). Any such amenities shall be referred to as the “Amenities Facilities
Services”). Tenant acknowledges that Landlord is currently planning to construct (or cause the 4575 Owner to construct) the Amenities Facilities in the 4575 Building; provided, however, in the event that Tenant exercises the 4575
Option, the Amenities Facilities will be constructed in one or more different buildings at the Project.  

  

	 	•	 	 The Landlord Improvements Site Plan shall be subject to modification as may be required to comply with
Applicable Laws or as otherwise reasonably determined by Landlord to be necessary or appropriate for the overall benefit of the Project. 

  
 J-1 

 EXHIBIT K 

LANDLORD IMPROVEMENTS SITE PLAN 

[See attached] 
  

 

  
 K-1 

 EXHIBIT L 

HAZARDOUS MATERIALS SHED 

1. License. Landlord hereby grants to Tenant a temporary, non-exclusive and
revocable (at will, with or without cause) license (the “Hazardous Materials Shed License”) to use (during the License Term (as defined below)) that certain hazardous materials shed (the “Hazardous Materials Shed”)
located in the surface parking lot serving the Building (the “Hazardous Materials Shed License Area”), each as depicted in Schedule 1 attached hereto for the sole purpose of storing Tenant’s Hazardous Materials in
accordance with Applicable Laws and all of the terms, conditions and provisions of this Exhibit L and the Lease. The Hazardous Materials Shed License may not be Transferred (separately or in conjunction with the Lease) to any other person or
entity without Landlord’s prior written consent in its sole and absolute discretion, and any such purported Transfer of the Hazardous Materials Shed License shall be null and void and shall, at the option of Landlord, terminate the Hazardous
Materials Shed License. During the License Term, Landlord shall not grant any other tenant or third party a right or license to use the Hazardous Materials Shed nor shall Landlord use the Hazardous Materials Shed, except in connection with the
exercise of any of Landlord’s rights pursuant to this Exhibit L and the Lease. Landlord shall be deemed to represent as of the Term Commencement Date that Landlord has not granted to any other party a right or license to use the
Hazardous Materials Shed that remains in effect. 
 2. Term. The actual term of the Hazardous Materials Shed License
(as the same may be earlier terminated or revoked in accordance this Exhibit L, the “License Term”) shall commence on the Term Commencement Date and, if not revoked earlier by Landlord, end upon the the expiration (or earlier
termination) of the Term of the Lease, subject to earlier termination of the Hazardous Materials Shed License as provided herein. 

2.1. Provided Tenant is not in default of its obligations pursuant to this Exhibit L, Tenant may terminate the Hazardous
Materials Shed License at any time (for any reason or no reason) by providing Landlord written notice thereof (a “Tenant License Termination Notice”), which Tenant License Termination Notice shall specify the date of such
termination (which date shall be no sooner than thirty (30) days after Tenant’s delivery (or deemed delivery) of such Tenant License Termination Notice to Landlord). In the event Tenant delivers a Tenant License Termination Notice, then
provided that Tenant is not in default of its obligations pursuant to this Exhibit L, the Hazardous Materials Shed License and the License Term shall terminate on the date specified in the Tenant License Termination Notice and the Hazardous
Materials Shed License shall be of no further force or effect as of such date, except with respect to those provisions that expressly survive the expiration or earlier termination thereof. Notwithstanding anything to the contrary, Landlord may
terminate the Hazardous Materials Shed License at any time (for any reason or no reason) by providing Tenant written notice thereof (a “Landlord License Termination Notice”), which Landlord License Termination Notice shall specify
the date 

  
 L-1 

 
of such termination (which date shall be no sooner than thirty (30) days after Landlord’s delivery (or deemed delivery) of such Landlord License Termination Notice to Tenant). In the
event Landlord delivers a Landlord License Termination Notice, then the Hazardous Materials Shed License and the License Term shall terminate on the date specified in the Landlord License Termination Notice and the Hazardous Materials Shed License
shall be of no further force or effect as of such date, except with respect to those provisions that expressly survive the expiration or earlier termination thereof. 

3. Use and Surrender. The use of the Hazardous Materials Shed License Area shall be limited to only the storage of
Tenant’s Hazardous Materials within the Hazardous Materials Shed (during the License Term only); provided, however, that Tenant shall (at Tenant’s sole cost and expense), during the License Term, (a) procure and maintain all
required permits and approvals under Applicable Laws for the use of the Hazardous Materials Shed and the storage of Tenant’s Hazardous Materials therein in accordance with the terms of this Exhibit L and the Lease, (b) store such
Hazardous Materials in compliance with all such permits and approvals, Applicable Laws and the terms and provisions of this Exhibit L and the Lease, (c) not do or permit anything to be done in or about the Hazardous Materials Shed and/or
the Hazardous Materials Shed License Area that shall in any way obstruct or interfere with the rights of other tenants or occupants of the Project, or injure or annoy them, (d) not use the Hazardous Materials Shed and/or the Hazardous Materials
Shed License Area, or allow the Hazardous Materials Shed and/or the Hazardous Materials Shed License Area to be used, for unlawful purposes and (e) ensure that there is not any nuisance or waste caused, maintained or permitted in the Hazardous
Materials Shed and/or the Hazardous Materials Shed License Area. Tenant’s use and surrender of the Hazardous Materials Shed and the Hazardous Materials Shed License Area shall be subject to all of the same rights of Landlord and all of the
duties, obligations, covenants and liabilities of Tenant set forth in the Lease with respect to Tenant’s use, occupancy and surrender of the Premises (including, without limitation, Article 21 and Section 26.1
of the Lease), and any violation or breach by Tenant of such duties, obligations, covenants and liabilities with respect to the Hazardous Materials Shed and/or the Hazardous Materials Shed License Area shall be a Default under the Lease to the same
extent that a violation by Tenant of such duties, obligations, covenants and liabilities with respect to the Premises would be a Default under the Lease. Without limiting anything in this Section, upon the expiration or earlier termination of the
Hazardous Materials Shed License, Tenant shall (y) promptly remove all Hazardous Materials from and properly decommission and decontaminate the Hazardous Materials Shed and the Hazardous Materials Shed License Area, and (z) restore and
thereafter surrender the Hazardous Materials Shed and the Hazardous Materials Shed License Area to the same condition each was in on the commencement date of the License Term, ordinary wear and tear excepted. The provisions of this Section shall
survive the expiration or earlier termination of the Hazardous Materials Shed License. 
 4. Maintenance; No
Improvements. During the License Term, Tenant shall (a) maintain and keep the Hazardous Materials Shed and the Hazardous Materials Shed License 

  
 L-2 

 
Area in good condition and repair and (b) replace the Hazardous Materials Shed as needed, in each case at Tenant’s sole cost and expense. Tenant shall be solely responsible (and
Landlord shall not be liable) for keeping the Hazardous Materials Shed and the Hazardous Materials Shed License Area in compliance with all Applicable Laws, including making any Alterations that may be required for compliance with Applicable Laws,
subject to the terms and conditions of this Exhibit L and the Lease. Notwithstanding anything in the Lease to the contrary, Tenant shall not make any improvements, alterations or changes of any kind to the Hazardous Materials Shed or the
Hazardous Materials Shed License Area without Landlord’s prior written approval (which approval may be withheld by Landlord in Landlord’s sole and absolute discretion). 

5. Landlord Exculpation. Landlord shall not be liable to Tenant for, and Tenant assumes all risk of, damage to the
Hazardous Materials Shed (and/or damage to any item or property stored within the Hazardous Materials Shed) including, without limitation, (a) damage or losses caused by fire, electrical malfunction, gas explosion or water damage of any type
(including, without limitation, broken water lines, malfunctioning fire sprinkler systems, roof leaks or stoppages of lines) and (b) damage to personal property or scientific research, including loss of records kept by Tenant within the
Hazardous Materials Shed and/or the Hazardous Materials Shed License Area (in each case, regardless of whether such damages are foreseeable). Tenant further waives any claim for injury to Tenant’s business or loss of income relating to any such
damage or destruction as described in this Section. The provisions of this Section shall survive any expiration or earlier termination of the Hazardous Materials Shed License. 

6. Insurance; Indemnification. Tenant shall cause all insurance policies required to be maintained by Tenant pursuant to
the Lease to cover (a) the presence, use, operation, maintenance, repair and replacement of the Hazardous Materials Shed, and (b) any Hazardous Materials or other property stored within the Hazardous Materials Shed. Without limiting the
provisions of Section 28.1 of the Lease, Tenant hereby agrees to Indemnify the Landlord Indemnitees from any Claims in connection with or arising from (y) the presence, use, operation, maintenance, repair or
replacement of the Hazardous Materials Shed, and/or (b) any Hazardous Materials or other property stored within the Hazardous Materials Shed and/or the Hazardous Materials Shed License Area. The provisions of this Section shall survive any
expiration or earlier termination of the Hazardous Materials Shed License. 
 7. Condition of Hazardous Materials Shed
License Area. Tenant acknowledges and agrees that (a) Tenant has had sufficient opportunity to inspect the Hazardous Materials Shed and Hazardous Materials Shed License Area and is fully familiar with the condition of the Hazardous
Materials Shed and Hazardous Materials Shed License Area, and, notwithstanding anything contained in the Lease to the contrary, Tenant agrees to take the Hazardous Materials Shed and Hazardous Materials Shed License Area in its condition “as
is” as of the Term Commencement Date (as defined in the Lease), (b) Landlord has not made and does not make any representation or warranty of any kind, express or implied, with respect to the Hazardous Materials Shed and/or the Hazardous
Materials Shed License Area, including but not limited to any representation or 

  
 L-3 

 
warranty that the Hazardous Materials Shed and/or the Hazardous Materials Shed License Area is suitable for the use set forth in Section 3, and (c) Landlord shall
have no obligation to alter, repair or otherwise prepare the Hazardous Materials Shed and/or the Hazardous Materials Shed License Area for Tenant’s use of the Hazardous Materials Shed and/or the Hazardous Materials Shed License Area or to pay
for any improvements to or alterations of Hazardous Materials Shed and/or the Hazardous Materials Shed License Area. 

  
 L-4 

 

 

  
 L-5 

 FIRST AMENDMENT TO LEASE 

THIS FIRST AMENDMENT TO LEASE (this “Amendment”) is entered into as of this 4 day of October, 2019 (the
“First Amendment Execution Date”), by and between BMR-9360-9390 TOWNE CENTRE LP, a Delaware limited partnership (“Landlord”), and POSEIDA THERAPEUTICS, INC., a Delaware
corporation (“Tenant”). 
 RECITALS 

A. WHEREAS, Landlord and Tenant are parties to that certain Lease dated as of October 1, 2018 (as the same may have been
amended, supplemented or modified from time to time, the “Existing Lease”), whereby Tenant leases certain premises (the “Existing Premises”) from Landlord at 9390 Towne Centre Drive in San Diego, California (the
“Building”); 
 B. WHEREAS, Landlord and Tenant desire to expand the Existing Premises to include
approximately fifteen thousand one hundred forty-six (15,146) square feet of Rentable Area located on the first (1st) floor of the Building, as more
particularly described on Exhibit A attached hereto (the “Additional Premises”); and 

C. WHEREAS, Landlord and Tenant desire to modify and amend the Existing Lease only in the respects and on the conditions
hereinafter stated. 
 AGREEMENT 

NOW, THEREFORE, Landlord and Tenant, in consideration of the mutual promises contained herein and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound, agree as follows: 

1. Definitions. For purposes of this Amendment, capitalized terms shall have the meanings ascribed to them in the
Existing Lease unless otherwise defined herein. The Existing Lease, as amended by this Amendment, is referred to collectively herein as the “Lease.” From and after the date hereof, the term “Lease,” as used in the
Existing Lease, shall mean the Existing Lease, as amended by this Amendment. 
 2. Additional Premises. Effective as
of the First Amendment Execution Date, Landlord hereby leases to Tenant, and Tenant hereby leases from Landlord, the Additional Premises. From and after the First Amendment Execution Date, the term “Premises” as used in the Lease
shall mean the Existing Premises plus the Additional Premises. 
 3. Additional Premises Term. The Term with respect
to the Additional Premises (the “Additional Premises Term”) shall commence on the Additional Premises Term Commencement Date (as defined below) and shall expire concurrently with the Term with respect to the Existing Premises (i.e.,
on the Term Expiration Date of December 31, 2029). From and after the Additional Premises Term Commencement Date, the term “Term” as used in the Lease shall mean the Term with respect to the Existing Premises and the Additional
Premises. 

  
 -1- 

 4. Permitted Use for Additional Premises. Notwithstanding anything to
the contrary set forth in the Lease, the Additional Premises shall only be used for the Permitted Use set forth in Section 2.7 of the Original Lease. 

5. Possession, Commencement Date and TI Allowance.  

5.1. Commencement Date. The “Additional Premises Term Commencement Date” shall be the later to occur of
(i) the earlier to occur of (a) the date that is nine (9) months after the First Amendment Execution Date (as such 9-month period may be extended pursuant to the provisions of
Section 12 below) and (b) the day Tenant first commences to conduct business in the Additional Premises and (ii) Landlord’s completion of the Landlord Work (as defined in Section 12
below). Tenant shall execute and deliver to Landlord written acknowledgment of the actual Additional Premises Term Commencement Date (absent manifest error) within ten (10) days after Landlord delivers the Acknowledgement of Additional Premises
Term Commencement Date, in the form attached as Exhibit C hereto. Failure to execute and deliver such acknowledgment, however, shall not affect the Additional Premises Term Commencement Date or Landlord’s or
Tenant’s liability hereunder. Failure by Tenant to obtain validation by any medical review board or other similar governmental licensing of the Additional Premises required for the Permitted Use by Tenant shall not serve to extend the
Additional Premises Term Commencement Date. 
 5.2. Possession. Landlord shall grant possession of the Additional
Premises to Tenant following the First Amendment Execution Date to construct the improvements in the Additional Premises in accordance with the Work Letter attached hereto as Exhibit B (the “Work Letter”).
As a condition to Tenant’s entry into the Additional Premises, Tenant shall furnish to Landlord evidence satisfactory to Landlord in advance that insurance coverages required of Tenant under the provisions of
Article 23 of the Existing Lease are in effect (including with respect to the Additional Premises), and such entry shall be subject to all the terms and conditions of the Lease. Commencing on the First Amendment Execution
Date, Tenant shall be responsible for all utilities with respect to the Additional Premises. 
 5.3. Allowance. Tenant
shall cause the work described in the Work Letter (the “Additional Improvements”) to be constructed in the Additional Premises pursuant to the Work Letter at a cost to Landlord not to exceed (a) One Million Sixty Thousand
Two Hundred Twenty Dollars ($1,060,220.00) (based upon Seventy-Dollars ($70.00) per square foot of Rentable Area of the Additional Premises) (“Additional Premises Base TI Allowance”) plus (b) if properly requested by Tenant
pursuant to this Section 5.3, Four Hundred Fifty-Four Thousand Three Hundred Eighty Dollars ($454,380.00) (based upon Thirty Dollars ($30.00) per square foot of Rentable Area of the Additional Premises) (“Additional
Premises Additional TI Allowance”), for a total of up to One Million Five Hundred Fourteen Thousand Six Hundred Dollars ($1,514,600.00) (based upon One Hundred Dollars ($100.00) per square foot of Rentable Area of the Additional Premises);
provided, however, that Landlord shall only make the Additional Premises Additional TI Allowance available to Tenant in installments equal to One Hundred Fifty-One Thousand Four Hundred Sixty Dollars
($151,460.00) (based upon Ten Dollars ($10.00) per square foot of Rentable Area of the Additional Premises) (each an 

  
 -2- 

 
“Additional Premises Additional TI Allowance Installment”). The Additional Premises Base TI Allowance, together with the Additional Premises Additional TI Allowance (if property
requested by Tenant pursuant to this Section 5.3) shall be referred to herein as the “Additional Premises TI Allowance.” The Additional Premises TI Allowance may be applied to the costs of
(a) construction, (b) project review by Landlord (which fee shall equal one percent (1%) of the cost of the Additional Improvements, including the Additional Premises Base TI Allowance and, if used by Tenant, the Additional Premises
Additional TI Allowance), (c) commissioning of mechanical, electrical and plumbing systems by a licensed, qualified commissioning agent hired by Tenant, and review of such party’s commissioning report by a licensed, qualified commissioning
agent hired by Landlord, (d) space planning, architect, engineering and other related services performed by third parties unaffiliated with Tenant, (e) building permits and other taxes, fees, charges and levies by Governmental Authorities
for permits or for inspections of the Additional Improvements, (f) costs and expenses for labor, material, equipment, fixtures, furniture, signage and cabling, provided that, no more than Seventy-Five Thousand Seven Hundred Thirty Dollars
($75,730.00) (based upon Five Dollars ($5.00) per square foot of Rentable Area of the Additional Premises) of the Additional Premises Base TI Allowance may be used towards the cost of furniture, signage, movable equipment, data or cabling, and
(g) a project management fee for Tenant’s construction manager; provided that, no more than three percent (3%) of the Additional Premises TI Allowance shall be applied to such project management fee. In no event shall the Additional
Premises TI Allowance be used for (h) the cost of work that is not authorized by the Approved Plans (as defined in the Work Letter), (i) except as otherwise specifically provided in this Section 5.3 with respect
to the Additional Premises Base TI Allowance, the purchase of any furniture, signage, data, cabling, personal property or movable equipment, (j) costs arising from any default of Tenant of its obligations under the Lease or (k) costs that
are recoverable by Tenant from a third party (e.g. insurers, warrantors or tortfeasors). Landlord shall not be obligated to expend any portion of the Additional Premises Additional TI Allowance(s) until Landlord shall have received from Tenant a
letter in the form attached as Exhibit D hereto executed by an authorized officer of Tenant with respect to each Additional Premises Additional TI Allowance Installment. In no event shall any unused Additional Premises TI Allowance entitle
Tenant to a credit against Rent payable under the Lease. 
 5.4. Deadline. Tenant shall have until the date that is
six (6) months following the Additional Premises Term Commencement Date (the “Additional Premises TI Deadline”), to submit Fund Requests (as defined in the Work Letter) to Landlord for disbursement of the unused portion of the
Additional Premises TI Allowance, after which date Landlord’s obligation to fund any such costs for which Tenant has not submitted a Fund Request to Landlord shall expire. Commencing on the Additional Premises Term Commencement Date, the
initial monthly Base Rent rate (per square foot of Rentable Area per month) for the Additional Premises shall be increased by Ten Cents ($0.10) for each Additional Premises Additional TI Allowance Installment of the Additional Premises Additional TI
Allowance disbursed by Landlord in accordance with Section 5.3 above. The amount by which Base Rent shall be increased shall be determined (and Base Rent shall be increased accordingly) as of the Additional Premises Term
Commencement Date and, if such determination does not reflect use by Tenant of all of the Additional Premises Additional TI Allowance, shall be determined again as of the Additional 

  
 -3- 

 
Premises TI Deadline, with Tenant paying (on the next succeeding day that Base Rent is due under the Lease (the “Additional Premises TI True-Up
Date”)) any underpayment of the further adjusted Base Rent for the period beginning on the Additional Premises Term Commencement Date and ending on the Additional Premises TI True-Up Date.
Notwithstanding anything to the contrary, the portion of Base Rent payable with respect to the Additional Premises that is attributable to any Additional Premises Additional TI Allowance Installment shall not be abated during the Additional Premises
Base Rent Abatement Period (as defined in Section 6.2 below), and shall be subject to the annual increases set forth in the Existing Lease. 

6. Base Rent. 

6.1. Additional Premises Base Rent. As of the Additional Premises Term Commencement Date, the initial monthly Base Rent
rate (per square foot of Rentable Area per month) for the Additional Premises shall equal the same monthly Base Rent rate (per square foot of Rentable Area per month) as is then applicable to the Existing Premises; provided, however, that the
initial monthly Base Rent rate (per square foot of Rentable Area per month) for the Additional Premises shall be increased in accordance with Section 5.3 above in connection with any Additional Premises Additional TI
Allowance Installment disbursed by Landlord. Base Rent for the Additional Premises during the Additional Premises Term (including any increased amounts attributable to any Additional Premises Additional TI Allowance Installments disbursed by
Landlord pursuant to Section 5.3 above) shall be subject to the annual escalations set forth in Article 8 of the Existing Lease, with each annual escalations for the Additional Premises occurring at the same time as
the annual escalations for the Existing Premises. 
 6.2. Additional Premises Base Rent Abatement Period. So long as
no Default by Tenant has occurred and subject to the last grammatical sentence of Section 5.4 above, Tenant shall be entitled to receive an abatement of Tenant’s Base Rent obligation for the Additional Premises for the
first (1st) seven (7) complete calendar months of the Additional Premises Term (such period, the “Additional Premises Base Rent Abatement Period”). No Base Rent attributable
to Landlord’s disbursement of any Additional Premises Additional TI Allowance Installment shall be abated. During the Additional Premises Base Rent Abatement Period, Tenant shall continue to be responsible for the payment of all of
Tenant’s other Rent obligations under the Lease with respect to the Additional Premises, including, without limitation, all Additional Rent such as Operating Expenses, the Property Management Fee, and costs of utilities for the Additional
Premises. Upon the occurrence of any Default, the Additional Premises Base Rent Abatement Period shall immediately expire, and Tenant shall no longer be entitled to any further abatement of Base Rent pursuant to this Section. In the event of any
Default that results in termination of the Lease, then, as part of the recovery to which Landlord is entitled pursuant to the Lease, and in addition to any other rights or remedies to which Landlord may be entitled pursuant to the Lease (including
Article 31 of the Existing Lease), at law or in equity, Landlord shall be entitled to the immediate recovery, as of the day immediately prior to such termination of the Lease, of the unamortized amount of Base Rent that Tenant would have paid
had the Additional Premises Base Rent Abatement Period not been in effect. 

  
 -4- 

 6.3. Existing Premises. For avoidance of doubt, Base Rent for the
Additional Premises shall be in addition to the Base Rent payable by Tenant with respect to the Existing Premises. Throughout the Term, Base Rent for the Existing Premises shall continue to be payable as provided in the Existing Lease (including,
without limitation, the annual escalations set forth therein). The Base Rent for the Existing Premises shall not be abated during the Additional Premises Base Rent Abatement Period. 

6.4. Adjustment. For avoidance of doubt, Base Rent for the entire Premises (including the Additional Premises and the
Existing Premises) shall be subject to adjustment as set forth in Article 45 of the Existing Lease. 
 7.
Tenant’s Pro Rata Shares. Notwithstanding anything to the contrary in the Lease, commencing as of the Additional Premises Term Commencement Date, the chart in Section 2.2 of the Existing Lease shall be deleted
in its entirety and replaced with the following: 
  

			
	 Definition or Provision
	  	Means the Following (As of the
Additional Premises Term
Commencement Date)
	 Approximate Rentable Area of Premises*
	  	68,256 square feet
		
	 Approximate Rentable Area of Building*
	  	74,360 square feet
		
	 Approximate Rentable Area of Project*
	  	163,070 square feet
		
	 Tenant’s Pro Rata Share of Building*
	  	91.79%
		
	 Tenant’s Pro Rata Share of Project*
	  	41.86%

 * Upon the Amenities Facilities Opening Date (as defined in Section 45 of the
Existing Lease), the Rentable Area of the entire Premises, the Building and the Project, as well as Tenant’s Pro Rata Share of the Project and Tenant’s Pro Rata Share of the Building shall increase as provided in
Section 45 of the Existing Lease. 
 8. Controllable Operating Expenses. The Cap on
Controllable Operating Expenses set forth in Section 9.1(d) of the Existing Lease shall apply as to both the Existing Premises and the Additional Premises. However, the Controllable Operating Expenses Baseline shall mean
the aggregate amount of Controllable Operating Expenses incurred by Landlord and/or the 4575 Owner for the 2020 calendar year, and in calculating the Controllable Operating Expenses Baseline the Additional Premises will be treated as if it was
fully occupied by Tenant throughout the entire 2020 calendar year. 

  
 -5- 

 9. Security Deposit. The Security Deposit shall be increased by
Fifty-Nine Thousand Sixty-Nine and 40/100 Dollars ($59,069.40) (the “First Amendment Additional Security Deposit”). Tenant shall deposit with Landlord on or before the First Amendment Execution Date the First Amendment Additional
Security Deposit. The First Amendment Additional Security Deposit shall become part of the Security Deposit (for a total of Two Hundred Sixty-Six Thousand One Hundred Ninety-Eight and 40/100 Dollars
($266,198.40)) and shall be subject to the terms and conditions of the Lease (including Article 11 of the Original Lease). From and after the First Amendment Execution Date, Section 2.6 of the
Original Lease is hereby modified such that “$207,129.00” is replaced with “$266,198.40.” 
 10. 4575
Building Lease Option. Effective as of the First Amendment Execution Date, Section 44 of the Existing Lease shall be deemed deleted and of no further force or effect. 

11. Expansion Space. Effective as of the First Amendment Execution Date, Section 47 of the
Existing Lease shall be restated in its entirety as follows: “47 Expansion Space. In the event that (a) Tenant requires additional space for its operations in the Premises, (b) Landlord and Tenant are unable to negotiate
mutually acceptable terms of such expansion at the Project, and (c) Landlord and Tenant or an affiliate of the then current Landlord and Tenant are able to negotiate mutually acceptable terms for the lease of such additional space at another
property owned by Landlord or an affiliate of the then current Landlord (the “Expansion Space”), then upon the full execution of a lease for the Expansion Space (the “Expansion Lease”), Tenant shall have the
unilateral right to terminate the Lease as to the entire Premises without penalty or a termination fee pursuant to this Section 47 (the “Termination Option”); provided that, (y) the term of the
Expansion Lease shall be no less than ten (10) years and (z) the size of the Expansion Space shall be no less than one hundred twenty-five thousand (125,000) square feet of Rentable Area. In the event Tenant elects to exercise the
Termination Option, Tenant shall send written notice (the “Termination Notice”) to Landlord of Tenant’s election to terminate the Lease pursuant to this Section 47 no later than thirty (30) days
following the full execution and delivery of the Expansion Lease (the “Termination Option Deadline”). The Termination Notice shall specify the effective date of such termination, which date shall be no less than ninety
(90) days after Landlord’s receipt of the Termination Notice. Time shall be of the essence as to Tenant’s exercise of the Termination Option set forth in this Section 47. Tenant assumes full responsibility
for maintaining a record of the Termination Option Deadline and acknowledges that it would be inequitable to require Landlord to accept any exercise of the Termination Option set forth in this Section 47 after the
Termination Option Deadline. Notwithstanding anything to the contrary set forth in this Section 47, neither party (nor any affiliate of Landlord) shall have any obligation to enter into or negotiate for the Expansion Lease.
The Termination Option shall be personal to the original Tenant and shall only apply to the extent that the original Tenant (and not any assignee, or any sublessee or other transferee of the original Tenant’s interest in the Lease, other than
Tenant’s Affiliate pursuant to an Exempt Transfer) is the Tenant under the Lease.” 
 12. Condition of
Additional Premises. Tenant acknowledges that, except for the completion of the Landlord Work (as defined in this Section 12 below), (a) it is fully familiar with the condition of the Additional Premises and,
notwithstanding anything to the contrary in the Lease, agrees to take the same in its condition “as is” as of the First Amendment Execution Date, (b) neither Landlord nor any agent of Landlord has made (and neither Landlord nor any
agent of Landlord hereby makes) any representation or warranty of any kind whatsoever, express or implied, regarding the Additional Premises, including (without limitation) any representation or warranty with respect to the condition of the
Additional Premises or with respect to the 

  
 -6- 

 
suitability of the Additional Premises for the conduct of Tenant’s business and (c) Landlord shall have no obligation to alter, repair or otherwise prepare the Additional Premises for
Tenant’s occupancy or to pay for any improvements to the Additional Premises, except with respect to payment of the Additional Premises TI Allowance. The Additional Premises have not undergone inspection by a Certified Access Specialist (as
defined in California Civil Code Section 55.52). Tenant’s taking possession of the Additional Premises shall, except as otherwise agreed to in writing by Landlord and Tenant, conclusively establish that the Additional Premises, the
Building and the Project were at such time in good, sanitary and satisfactory condition and repair. Notwithstanding the foregoing, Landlord shall complete, at its own cost the work described on Exhibit E attached hereto
(collectively, the “Landlord Work”); provided, however, if the Additional Improvements set forth on the Approved Plans causes additional costs to be incurred by Landlord in the performance of the Landlord Work, Tenant shall pay to
Landlord as Additional Rent the reasonable amount of any such additional costs within thirty (30) days after receiving an invoice from Landlord. Landlord shall perform the Landlord Work concurrently with Tenant’s prosecution of the
Additional Improvements. If Landlord’s performance of the Landlord Work actually delays Tenant’s prosecution of the Additional Improvements (“Landlord Delay”), then the 9-month
period set forth in Section 5.1 above shall be extended one day for each day of such actual delay. Notwithstanding the foregoing, no Landlord Delay pursuant to the preceding sentence shall be deemed to have occurred unless
and until Tenant has provided written notice to Landlord specifying the action or inaction that Tenant contends constitutes a Landlord Delay. If such action or inaction is not cured within one (1) business day after Landlord’s receipt of
such notice, then a Landlord Delay, as set forth in such notice, shall be deemed to have occurred commencing as of the date such notice is received and continuing for the number of days that completion of the Additional Improvements was in fact
delayed as a result of such action or inaction. Except to the extent it delays the Additional Premises Term Commencement Date in accordance with the preceding three sentences or the provisions of Section 5.1 above (in which
case Tenant’s remedies shall be as set forth in the applicable provisions above), in no event shall Landlord’s construction of any portion of the Landlord Work (i) cause Rent to abate under the Lease (including this Amendment),
(ii) give rise to any claim by Tenant for damages or (iii) constitute a forcible or unlawful entry, a detainer or an eviction of Tenant. 

13. Parking. Effective as of the Additional Premises Term Commencement Date and continuing throughout the Additional
Premises Term (as may be extended), (a) the number of Allotted Parking Spaces shall be increased to a total of one hundred eighty (180) non-exclusive parking spaces at no additional cost to Tenant,
(b) Tenant shall have the right to mark (at Tenant’s sole cost and expense) up to three (3) additional visitor parking spaces for Tenant’s exclusive use (for a total of eighteen (18) visitor parking spaces for Tenant’s
exclusive use) provided that such designation shall constitute use thereof and such visitor parking spaces shall be part of and not in addition to the Tenant’s Allotted Parking Spaces set forth above, and
(c) Exhibit G attached hereto shall replace Exhibit G attached to the Existing Lease and such Exhibit G attached hereto shows the location of all eighteen
(18) of Tenant’s visitor parking spaces for Tenant’s exclusive use. Except as provided in this Section 13, Tenant’s use of such additional parking spaces shall be in accordance with, and subject to, all
parking provisions of the Lease. 

  
 -7- 

 14. Options to Extend Term. The two (2) five (5) year Options to
extend the Term set forth in Section 42 of the Existing Lease shall apply collectively to the Existing Premises and the Additional Premises (i.e., Tenant must exercise an Option concurrently as to both such spaces or as to
none of such spaces). 
 15. Broker. Tenant represents and warrants that it has not dealt with any broker or agent in
the negotiation for or the obtaining of this Amendment, other than Cushman & Wakefield of San Diego, Inc. (“Broker”), and agrees to reimburse, indemnify, save, defend (at Landlord’s option and with counsel reasonably
acceptable to Landlord, at Tenant’s sole cost and expense) and hold harmless the Landlord Indemnitees for, from and against any and all cost or liability for compensation claimed by any such broker or agent, other than Broker, employed or
engaged by it or claiming to have been employed or engaged by it. Broker is entitled to a leasing commission in connection with the making of this Amendment, and Landlord shall pay such commission to Broker pursuant to a separate agreement between
Landlord and Broker. 
 16. No Default. Tenant represents, warrants and covenants that, to the best of Tenant’s
knowledge, Landlord and Tenant are not in default of any of their respective obligations under the Existing Lease and no event has occurred that, with the passage of time or the giving of notice (or both) would constitute a default by either
Landlord or Tenant thereunder. Landlord represents, warrants and covenants that, to the best of Landlord’s knowledge, Landlord and Tenant are not in default of any of their respective obligations under the Existing Lease and no event has
occurred that, with the passage of time or the giving of notice (or both) would constitute a default by either Landlord or Tenant thereunder. 

17. Effect of Amendment. Except as modified by this Amendment, the Existing Lease and all the covenants, agreements,
terms, provisions and conditions thereof shall remain in full force and effect and are hereby ratified and affirmed. In the event of any conflict between the terms contained in this Amendment and the Existing Lease, the terms herein contained shall
supersede and control the obligations and liabilities of the parties. 
 18. Successors and Assigns. Each of the
covenants, conditions and agreements contained in this Amendment shall inure to the benefit of and shall apply to and be binding upon the parties hereto and their respective heirs, legatees, devisees, executors, administrators and permitted
successors and assigns and sublessees. Nothing in this section shall in any way alter the provisions of the Lease restricting assignment or subletting. 

19. Miscellaneous. This Amendment becomes effective only upon execution and delivery hereof by Landlord and Tenant. The
captions of the paragraphs and subparagraphs in this Amendment are inserted and included solely for convenience and shall not be considered or given any effect in construing the provisions hereof. All exhibits hereto are incorporated herein by
reference. Submission of this instrument for examination or signature by Tenant does not constitute a reservation of or option for a lease, and shall not be effective as a lease, lease amendment or otherwise until execution by and delivery to both
Landlord and Tenant. 

  
 -8- 

 20. Authority. Tenant guarantees, warrants and represents that the
individual or individuals signing this Amendment have the power, authority and legal capacity to sign this Amendment on behalf of and to bind all entities, corporations, partnerships, limited liability companies, joint venturers or other
organizations and entities on whose behalf such individual or individuals have signed. 
 21. Counterparts; Facsimile and
PDF Signatures. This Amendment may be executed in one or more counterparts, each of which, when taken together, shall constitute one and the same document. A facsimile or portable document format (PDF) signature on this Amendment shall be
equivalent to, and have the same force and effect as, an original signature. 
 [REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] 

  
 -9- 

 IN WITNESS WHEREOF, Landlord and Tenant have executed this Amendment as of
the date and year first above written. 
 LANDLORD: 
  

			
	 BMR-9360-9390 TOWNE CENTRE LP,

a Delaware limited partnership

		
	 By:
	 	 /s/ Marie Lewis

	 Name:
	 	 Marie Lewis

	 Title:
	 	 Vice President, Legal

 TENANT: 
  

			
	 POSEIDA THERAPEUTICS, INC.,
 a
Delaware corporation

		
	 By:
	 	 /s/ Mark Gergen

	 Name:
	 	 Mark Gergen

	 Title:
	 	 CFO - CBO

  
 -10- 

 EXHIBIT A 

ADDITIONAL PREMISES 
  

 

  
 EXHIBIT A 

-1- 

 EXHIBIT B 

WORK LETTER 

This Work Letter (this “Work Letter”) is made and entered into as of the 4th day of October, 2019, by and between BMR-9360-9390 TOWNE CENTRE LP, a Delaware limited partnership (“Landlord”), and POSEIDA THERAPEUTICS,
INC., a Delaware corporation (“Tenant”), and is attached to and made a part of that certain First Amendment to Lease dated as of October 4th, 2019 (the “Amendment”), by
and between Landlord and Tenant for the Additional Premises located at 9390 Towne Centre Drive, San Diego, California. All capitalized terms used but not otherwise defined herein shall have the meanings given them in the Amendment. 

1. General Requirements. 

1.1. Authorized Representatives. 

(a) Landlord designates, as Landlord’s authorized representative (“Landlord’s Authorized
Representative”), (i) Federico Mina as the person authorized to initial plans, drawings, approvals and to sign change orders pursuant to this Work Letter and (ii) an officer of Landlord as the person authorized to sign any amendments
to this Work Letter or the Lease. Tenant shall not be obligated to respond to or act upon any such item until such item has been initialed or signed (as applicable) by the appropriate Landlord’s Authorized Representative. Landlord may change
either Landlord’s Authorized Representative upon one (1) business day’s prior written notice to Tenant. 
 (b)
Tenant designates Jeff Knight (“Tenant’s Authorized Representative”) as the person authorized to initial and sign all plans, drawings, change orders and approvals pursuant to this Work Letter. Landlord shall not be obligated to
respond to or act upon any such item until such item has been initialed or signed (as applicable) by Tenant’s Authorized Representative. Tenant may change Tenant’s Authorized Representative upon one (1) business day’s prior
written notice to Landlord. 
 1.2. Schedule. The schedule for design and development of the Additional Improvements,
including the time periods for preparation and review of construction documents, approvals and performance, shall be in accordance with a schedule to be prepared by Tenant (the “Schedule”). Tenant shall prepare the Schedule so that
it is a reasonable schedule for the completion of the Additional Improvements. The Schedule shall clearly identify all activities requiring Landlord participation, including specific dates and time periods when Tenant’s contractor will require
access to areas of the Project outside of the Additional Premises. As soon as the Schedule is completed, Tenant shall deliver the same to Landlord for Landlord’s approval, which approval shall not be unreasonably withheld, conditioned or
delayed. Such Schedule shall be approved or disapproved by Landlord within ten (10) business days after delivery to Landlord. Landlord’s failure to respond within such ten (10) business day period shall be deemed approval by Landlord.
If Landlord disapproves the Schedule, then Landlord shall notify Tenant in writing of its objections to such Schedule, and the parties shall confer and negotiate in good faith to reach agreement on the Schedule. The Schedule shall be subject to
adjustment as mutually agreed upon in writing by the parties, or as provided in this Work Letter. 

  
 EXHIBIT B 

-1- 

 1.3. Tenant’s Architects, Contractors and Consultants. The
architect, engineering consultants, design team, general contractor and subcontractors responsible for the construction of the Additional Improvements (“Tenant’s Agents”) shall be selected by Tenant and approved by Landlord,
which approval Landlord shall not unreasonably withhold, condition or delay. Such selections of Tenant’s Agents shall be approved or disapproved by Landlord within three (3) business days after delivery of a request notice to Landlord. If
Landlord does not respond within such three (3) business day period, Tenant may send a second request notice to Landlord and if Landlord does not respond within two (2) business days after delivery of such second notice to Landlord, such
selections shall be deemed approval by Landlord. If Landlord disapproves the selections of Tenant’s Agents, then Landlord shall notify Tenant in writing of its objections to such selections, and the parties shall confer and negotiate in good
faith to reach agreement on such selections. Landlord and Tenant shall each participate in the review of the competitive bid process, but all final decisions as to the hiring of Tenant’s Agents approved (or deemed approved) by Landlord in
accordance with this Section 1.3 above shall be in Tenant’s sole and absolute discretion. Landlord may refuse to use any architects, consultants, contractors, subcontractors or material suppliers that Landlord
reasonably believes could cause labor disharmony or may not have sufficient experience, in Landlord’s reasonable opinion, to perform work in an occupied Class “A” laboratory research building and in lab areas. All Tenant contracts
related to the Additional Improvements shall provide that Tenant may assign such contracts and any warranties with respect to the Additional Improvements to Landlord at any time. 

2. Additional Improvements. All Additional Improvements shall be performed by Tenant’s contractor, at Tenant’s sole cost and
expense (subject to Landlord’s obligations with respect to any portion of the Additional Premises Base TI Allowance and, if properly requested by Tenant pursuant to the terms of the Amendment, the Additional Premises Additional TI Allowance(s))
and in accordance with the Approved Plans (as defined below) and this Work Letter. To the extent that the total projected cost of the Additional Improvements (as projected by Landlord) exceeds the Additional Premises TI Allowance (such excess, the
“Excess TI Costs”), Tenant shall pay the costs of the Additional Improvements on a pari passu basis with Landlord as such costs are paid, in the proportion of Excess TI Costs payable by Tenant to the Additional Premises Base TI
Allowance (and, if properly requested by Tenant pursuant to this Lease, the Additional Premises Additional TI Allowance[s]) payable by Landlord. All material and equipment furnished by Tenant or its contractors as the Additional Improvements shall
be new or “like new;” the Additional Improvements shall be performed in a first-class, workmanlike manner; and the quality of the Additional Improvements shall be of a nature and character not less than the Building Standard. Tenant shall
take, and shall require its contractors to take, commercially reasonable steps to protect the Additional Premises during the performance of any Additional Improvements, including covering or temporarily removing any window coverings so as to guard
against dust, debris or damage. All Additional Improvements shall be performed in accordance with Article 17 of the Existing Lease (other than Section 17.1, the first sentence of
Section 17.4, Section 17.5, Section 17.10 and Section 17.11); provided that, notwithstanding anything in the Lease or this Work Letter to
the contrary, in the event of a conflict between this Work Letter and Article 17 of the Existing Lease, the terms of this Work Letter shall govern. 

  
 EXHIBIT B 

-2- 

 2.1. Work Plans. Tenant shall prepare and submit to Landlord for
approval schematics covering the Additional Improvements prepared in conformity with the applicable provisions of this Work Letter (the “Draft Schematic Plans”). The Draft Schematic Plans shall contain sufficient information and
detail to accurately describe the proposed design to Landlord and such other information as Landlord may reasonably request. Landlord shall notify Tenant in writing within five (5) business days after receipt of the Draft Schematic Plans
whether Landlord approves or objects to the Draft Schematic Plans and of the manner, if any, in which the Draft Schematic Plans are unacceptable. Landlord’s failure to respond within such five (5) business day period shall be deemed
approval by Landlord. If Landlord reasonably objects to the Draft Schematic Plans, then Tenant shall revise the Draft Schematic Plans and cause Landlord’s objections to be remedied in the revised Draft Schematic Plans. Tenant shall then
resubmit the revised Draft Schematic Plans to Landlord for approval, such approval not to be unreasonably withheld, conditioned or delayed. Landlord’s approval of or objection to revised Draft Schematic Plans and Tenant’s correction of the
same shall be in accordance with this Section 2.1 until Landlord has approved the Draft Schematic Plans in writing or been deemed to have approved them. The iteration of the Draft Schematic Plans that is approved or deemed
approved by Landlord without objection shall be referred to herein as the “Approved Schematic Plans.” 

2.2. Construction Plans. Tenant shall prepare final plans and specifications for the Additional Improvements that
(a) are consistent with and are logical evolutions of the Approved Schematic Plans and (b) incorporate any other Tenant-requested (and Landlord-approved) Changes (as defined below). As soon as such final plans and specifications
(“Construction Plans”) are completed, Tenant shall deliver the same to Landlord for Landlord’s approval, which approval shall not be unreasonably withheld, conditioned or delayed. All such Construction Plans shall be submitted
by Tenant to Landlord in electronic .pdf, CADD and full-size hard copy formats, and shall be approved or disapproved by Landlord within five (5) business days after delivery to Landlord. Landlord’s
failure to respond within such five (5) business day period shall be deemed approval by Landlord. If the Construction Plans are disapproved by Landlord, then Landlord shall notify Tenant in writing of its objections to such Construction Plans,
and the parties shall confer and negotiate in good faith to reach agreement on the Construction Plans. Promptly after the Construction Plans are approved by Landlord and Tenant, two (2) copies of such Construction Plans shall be initialed and
dated by Landlord and Tenant, and Tenant shall promptly submit such Construction Plans to all appropriate Governmental Authorities for approval. The Construction Plans so approved, and all change orders specifically permitted by this Work Letter,
are referred to herein as the “Approved Plans.” 
 2.3. Changes to the Additional Improvements. Any
changes to the Approved Plans (each, a “Change”) shall be requested and instituted in accordance with the provisions of this Article 2 and shall be subject to the written approval of the
non-requesting party in accordance with this Work Letter. 

  
 EXHIBIT B 

-3- 

 (a) Change Request. Either Landlord or Tenant may request Changes
after Landlord approves the Approved Plans by notifying the other party thereof in writing in substantially the same form as the AIA standard change order form (a “Change Request”), which Change Request shall detail the nature and
extent of any requested Changes, including (a) the Change, (b) the party required to perform the Change and (c) any modification of the Approved Plans and the Schedule, as applicable, necessitated by the Change. If the nature of a
Change requires revisions to the Approved Plans, then the requesting party shall be solely responsible for the cost and expense of such revisions and any increases in the cost of the Additional Improvements as a result of such Change. Change
Requests shall be signed by the requesting party’s Authorized Representative. 
 (b) Approval of Changes. All
Change Requests shall be subject to the other party’s prior written approval, which approval shall not be unreasonably withheld, conditioned or delayed. The non-requesting party shall have five
(5) business days after receipt of a Change Request to notify the requesting party in writing of the non-requesting party’s decision either to approve or object to the Change Request. The non-requesting party’s failure to respond within such five (5) business day period shall be deemed approval by the non-requesting party. 

2.4. Preparation of Estimates. Tenant shall, before proceeding with any Change, using its best efforts, prepare as soon
as is reasonably practicable (but in no event more than five (5) business days after delivering a Change Request to Landlord or receipt of a Change Request) an estimate of the increased costs or savings that would result from such Change, as
well as an estimate of such Change’s effects on the Schedule. Landlord shall have five (5) business days after receipt of such information from Tenant to (a) in the case of a Tenant-initiated Change Request, approve or reject such
Change Request in writing, or (b) in the case of a Landlord-initiated Change Request, notify Tenant in writing of Landlord’s decision either to proceed with or abandon the Landlord-initiated Change Request. 

2.5. Quality Control Program; Coordination. Tenant shall provide Landlord with information regarding the following
(together, the “QCP”): (a) Tenant’s general contractor’s quality control program and (b) evidence of subsequent monitoring and action plans. The QCP shall be subject to Landlord’s reasonable review and approval
and shall specifically address the Additional Improvements. Tenant shall ensure that the QCP is regularly implemented on a scheduled basis and shall provide Landlord with reasonable prior notice and access to attend all inspections and meetings
between Tenant and its general contractor. At the conclusion of the Additional Improvements, Tenant shall deliver the quality control log to Landlord, which shall include all records of quality control meetings and testing and of inspections held in
the field, including inspections relating to concrete, steel roofing, piping pressure testing and system commissioning. 
 3. Completion
of Additional Improvements. Tenant, at its sole cost and expense (except for the Additional Premises Base TI Allowance and, if properly requested by Tenant pursuant to the terms of the Amendment, the Additional Premises Additional TI Allowance),
shall perform and complete the Additional Improvements in all respects (a) in substantial conformance with the Approved Plans, (b) otherwise in compliance with provisions of this Work Letter and (c) in accordance with Applicable Laws,
the requirements of Tenant’s insurance carriers, the commercially reasonable requirements of Landlord’s insurance carriers (to the extent Landlord provides its insurance carriers’ requirements to Tenant) and the board of fire
underwriters having 

  
 EXHIBIT B 

-4- 

 
jurisdiction over the Additional Premises. The Additional Improvements shall be deemed completed at such time as Tenant shall furnish to Landlord (t) evidence that (i) all Additional
Improvements have been completed and paid for in full (which shall be evidenced by the architect’s certificate of completion and the general contractor’s and each subcontractor’s and material supplier’s final unconditional
waivers and releases of liens, each in a form complying with Applicable Laws, and a Certificate of Substantial Completion in the form of the American Institute of Architects document G704, executed by the project architect and the general
contractor, together with a statutory notice of substantial completion from the general contractor), (ii) any and all liens related to the Additional Improvements have either been discharged of record (by payment, bond, order of a court of competent
jurisdiction or otherwise) or waived by the party filing such lien and (iii) no security interests relating to the Additional Improvements are outstanding, (u) all certifications and approvals with respect to the Additional Improvements
that may be required from any Governmental Authority and any board of fire underwriters or similar body for the use and occupancy of the Additional Premises (including a (temporary) certificate of occupancy (or its substantial equivalent) for the
Additional Premises for the Permitted Use), (v) certificates of insurance required by the Lease to be purchased and maintained by Tenant, (w) an affidavit from Tenant’s architect certifying that all work performed in, on or about the
Additional Premises is in accordance with the Approved Plans, (x) complete “as built” drawing print sets, project specifications and shop drawings and electronic CADD files on disc (showing the Additional Improvements as an overlay on
the Building “as built” plans (provided that Landlord provides the Building “as-built” plans to Tenant)) for work performed by their architect and engineers in relation to the
Additional Improvements, (y) a commissioning report prepared by a licensed, qualified commissioning agent hired by Tenant and approved by Landlord for all new or affected mechanical, electrical and plumbing systems (which report Landlord may
hire a licensed, qualified commissioning agent to peer review, and whose reasonable recommendations Tenant’s commissioning agent shall perform and incorporate into a revised report) and (z) such other “close out” materials as
Landlord reasonably requests consistent with Landlord’s own requirements for its contractors, such as copies of manufacturers’ warranties, operation and maintenance manuals and the like. 

4. Insurance. 

4.1. Property Insurance. At all times during the period beginning with commencement of construction of the Additional
Improvements and ending with final completion of the Additional Improvements, Tenant shall maintain, or cause to be maintained (in addition to the insurance required of Tenant pursuant to the Lease), property insurance insuring Landlord and the
Landlord Parties, as their interests may appear. Such policy shall, on a completed replacement cost basis for the full insurable value at all times, insure against loss or damage by fire, vandalism and malicious mischief and other such risks as are
customarily covered by the so-called “broad form extended coverage endorsement” upon all Additional Improvements and the general contractor’s and any subcontractors’ machinery, tools and
equipment, all while each forms a part of, or is contained in, the Additional Improvements or any temporary structures on the Additional Premises, or is adjacent thereto; provided that, for the avoidance of doubt, insurance coverage with
respect to the general contractor’s and any subcontractors’ machinery, tools and equipment shall be carried on a primary basis by such general contractor or the applicable subcontractor(s). Tenant agrees to pay any deductible, and Landlord
is not responsible for any deductible, for a claim under such insurance. 

  
 EXHIBIT B 

-5- 

 4.2. Workers’ Compensation Insurance. At all times during the
period of construction of the Additional Improvements, Tenant shall, or shall cause its contractors or subcontractors to, maintain statutory workers’ compensation insurance as required by Applicable Laws. 

4.3. Waivers of Subrogation. Any insurance provided pursuant to this Article 4 shall waive
subrogation against the Landlord Parties and Tenant shall hold harmless and indemnify the Landlord Parties for any loss or expense incurred as a result of a failure to obtain such waivers of subrogation from insurers. 

4.4. Additional Insurance. During the construction of the Additional Improvements, Tenant shall, at its own cost and
expense, procure the insurance required in Exhibit B-1 of the Existing Lease for the benefit of Tenant and Landlord (as their interests may appear) with insurers financially
acceptable and lawfully authorized to do business in the California. 
 5. Liability. Tenant assumes sole responsibility and
liability for any and all injuries or the death of any persons, including Tenant’s contractors and subcontractors and their respective employees, agents and invitees, and for any and all damages to property arising from any act or omission on
the part of Tenant, Tenant’s contractors or subcontractors, or their respective employees, agents and invitees in the prosecution of the Additional Improvements. Tenant agrees to Indemnify the Landlord Indemnitees from and against all Claims
due to, because of or arising from any and all such injuries, death or damage, whether real or alleged, and Tenant and Tenant’s contractors and subcontractors shall assume and defend at their sole cost and expense all such Claims;
provided, however, that nothing contained in this Work Letter shall be deemed to Indemnify Landlord from or against liability to the extent arising directly from Landlord’s negligence or willful misconduct. Any deficiency in
design or construction of the Additional Improvements shall be solely the responsibility of Tenant, notwithstanding the fact that Landlord may have approved of the same in writing. 

6. TI Allowance. 

6.1. Application of TI Allowance. Landlord shall contribute, in the following order, the Additional Premises Base TI
Allowance and, if properly requested by Tenant pursuant to the terms of the Amendment, the Additional Premises Additional TI Allowance toward the costs and expenses incurred in connection with the performance of the Additional Improvements, in
accordance with Section 5 of the Amendment. If the entire TI Allowance is not applied toward or reserved for the costs of the Additional Improvements, then Tenant shall not be entitled to a credit of such unused portion of
the Additional Premises TI Allowance. Tenant may apply the Additional Premises Base TI Allowance and, if properly requested by Tenant pursuant to the terms of the Amendment, the Additional Premises Additional TI Allowance for the payment of
construction and other costs in accordance with the terms and provisions of the Lease. 

  
 EXHIBIT B 

-6- 

 6.2. Approval of Budget for the Additional Improvements.
Notwithstanding anything to the contrary set forth elsewhere in this Work Letter or the Lease, Landlord shall not have any obligation to expend any portion of the Additional Premises TI Allowance until Landlord and Tenant shall have approved in
writing the budget for the Additional Improvements (the “Approved Budget”). Prior to Landlord’s approval of the Approved Budget, Tenant shall pay all of the costs and expenses incurred in connection with the Additional
Improvements as they become due (which shall be reimbursed by Landlord upon such approval of the Approved Budget, subject to the Tenant’s satisfaction of the other conditions under the Amendment and this Work Letter for Landlord’s
disbursement of the Additional Premises TI Allowance to Tenant). Landlord shall not be obligated to reimburse Tenant for costs or expenses relating to the Additional Improvements that exceed the amount of the Additional Premises TI Allowance.
Landlord shall not unreasonably withhold, condition or delay its approval of any budget for the Additional Improvements that is proposed by Tenant, and Landlord’s approval of any budget for the Additional Improvements shall be limited to
approving whether the costs set forth in such budget are commercially competitive. 
 6.3. Fund Requests. Upon
submission by Tenant to Landlord as of or prior to the Additional Premises TI Deadline of (a) a statement (a “Fund Request”) setting forth the total amount of the Additional Premises TI Allowance requested, (b) a summary
of the Additional Improvements performed using AIA standard form Application for Payment (G 702) executed by the general contractor and by the architect, (c) invoices from the general contractor, the architect, and any subcontractors, material
suppliers and other parties requesting payment with respect to the amount of the Additional Premises TI Allowance then being requested, (d) unconditional lien releases from the general contractor and each subcontractor and material supplier
with respect to previous payments made by either Landlord or Tenant for the Additional Improvements in a form acceptable to Landlord and complying with Applicable Laws and (e) conditional lien releases from the general contractor and each
subcontractor and material supplier with respect to the Additional Improvements performed that correspond to the Fund Request each in a form acceptable to Landlord and complying with Applicable Laws, then Landlord shall, within thirty (30) days
following receipt by Landlord of a Fund Request and the accompanying materials required by this Section 6.3, pay to the applicable contractors, subcontractors and material suppliers or Tenant (for reimbursement for payments
made by Tenant to such contractors, subcontractors or material suppliers either prior to Landlord’s approval of the Approved TI Budget or as a result of Tenant’s decision to pay for the Additional Improvements itself and later seek
reimbursement from Landlord in the form of one lump sum payment in accordance with the Amendment and this Work Letter), the amount of Additional Improvement costs set forth in such Fund Request or Landlord’s pari passu share thereof if Excess
TI Costs exist based on the Approved Budget; provided, however, that Landlord shall not be obligated to make any payments under this Section 6.3 until the budget for the Additional Improvements is approved in
accordance with Section 6.2, and any Fund Request under this Section 6.2 shall be submitted as of or prior to the Additional Premises TI Deadline and shall be subject to the payment limits set
forth in Section 6.2 above and Section 5 of the Amendment. Notwithstanding anything in this Section 6.3 to the contrary, Tenant shall not submit a Fund Request after the
Additional Premises TI Deadline or more often than every thirty (30) days. Any additional Fund Requests submitted by Tenant after the Additional Premises TI Deadline or more often than every thirty (30) days shall be void and of no force
or effect. 

  
 EXHIBIT B 

-7- 

 6.4. Accrual Information. In addition to the other requirements of
this Section 6, Tenant shall, no later than the second (2nd) business day of each month until the Additional Improvements are complete, provide Landlord with an estimate
of (a) the percentage of design and other soft cost work that has been completed, (b) design and other soft costs spent through the end of the previous month, both from commencement of the Additional Improvements and solely for the
previous month, (c) the percentage of construction and other hard cost work that has been completed, (d) construction and other hard costs spent through the end of the previous month, both from commencement of the Additional Improvements
and solely for the previous month, and (e) the date of substantial completion of the Additional Improvements. 
 7.
Miscellaneous. 
 7.1. Incorporation of Existing Lease Provisions. Sections 40.6 through 40.19 of
the Existing Lease are incorporated into this Work Letter by reference, and shall apply to this Work Letter in the same way that they apply to the Lease. 

7.2. General. Except as otherwise set forth in the Lease or this Work Letter, this Work Letter shall not apply to
improvements performed in any additional premises added to the Premises at any time or from time to time, whether by any options under the Lease or otherwise; or to any portion of the Premises or any additions to the Premises in the event of a
renewal or extension of the original Term, whether by any options under the Lease or otherwise, unless the Lease or any amendment or supplement to the Lease expressly provides that such additional premises are to be delivered to Tenant in the same
condition as the initial Premises. 
 7.3. Restoration. Tenant shall have no requirement to restore or remove the
Additional Improvements from the Additional Premises upon the expiration or earlier termination of the Lease except that if and to the extent that the Additional Improvements include work that materially deviates from the “test fit”
previously furnished by Tenant to Landlord and attached hereto as Schedule 1 (“Test Fit”), then Landlord may at its election, by so notifying Tenant at the time Landlord approves such portion of the
Additional Improvements, require Tenant to restore and/or remove such portion of the Additional Improvements upon the expiration or earlier termination of the Lease. 

[REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] 

  
 EXHIBIT B 

-8- 

 IN WITNESS WHEREOF, Landlord and Tenant have executed this Work Letter to be
effective on the date first above written. 
 LANDLORD: 
  

			
	 BMR-9360-9390 TOWNE CENTRE LP,

a Delaware limited partnership

		
	By:	 	 /s/ Marie Lewis

	Name:	 	Marie Lewis
	Title:	 	Vice President, Legal
	
	TENANT:
	
	 POSEIDA THERAPEUTICS, INC.,
 a
Delaware corporation

		
	By:	 	 /s/ Mark Gergen

	Name:	 	Mark Gergen
	Title:	 	CFO - CBO

  
 EXHIBIT B 

-9- 

 SCHEDULE 1 TO EXHIBIT B 

TEST FIT 
  

 

  
 EXHIBIT B 

-10- 

 EXHIBIT C 

ACKNOWLEDGMENT OF ADDITIONAL PREMISES TERM COMMENCEMENT DATE 

THIS ACKNOWLEDGEMENT OF ADDITIONAL PREMISES TERM COMMENCEMENT DATE is entered into as of [_______], 20____, with reference to
that certain First Amendment to Lease (the “Amendment”) dated as of [_______], 2019, by POSEIDA THERAPEUTICS, INC., a Delaware corporation (“Tenant”), in favor of
BMR-9360-9390 TOWNE CENTRE LP, a Delaware limited partnership (“Landlord”). All capitalized terms used herein without definition shall have the meanings ascribed to them in the Lease. 

Tenant hereby confirms the following: 

1. Tenant accepted possession of the Additional Premises for construction of improvements on [_______], 20[__]. Tenant first occupied the
Additional Premises for the Permitted Use on [_______], 20[__]. 
 2. The Additional Premises Term Commencement Date is [_______], 20___,
and, unless the Lease is terminated prior to the Term Expiration Date pursuant to its terms, the Term Expiration Date shall be December 31, 2029. 

3. The obligation to pay Rent is presently in effect and all Rent obligations on the part of Tenant under the Lease with respect to the
Additional Premises commenced to accrue on [_______], 20[__], with Base Rent for the Additional Premises payable on the dates and amounts set forth in the chart below, subject to abatement as set forth in the Amendment: 

 

																	
	 Dates
	  	Approximate
Square Feet of
Rentable Area*	 	  	Base Rent per Square
Foot of Rentable Area	 	  	Monthly
Base Rent*	 	  	Annual
Base Rent*	 
	 [__]/[__]/[__]-[__]/[__]/[__]
	  	 	[    ]	 	  	$	[_______] monthly	 	  	 	[    ]	 	  	 	[    ]	 

  
 EXHIBIT C 

-1- 

 IN WITNESS WHEREOF, Tenant has executed this Acknowledgment of Additional
Premises Term Commencement Date as of the date first written above. 
  

			
	 TENANT:

	
	 POSEIDA THERAPEUTICS, INC.,
 a
Delaware corporation

		
	 By:
	 	             

	 Name:
	 	
	 Title:
	 	

  
 EXHIBIT C 

-2- 

 EXHIBIT D 

FORM OF ADDITIONAL TI ALLOWANCE(S) ACCEPTANCE LETTER 

[TENANT LETTERHEAD] 
 BMR-9360-9390 Towne Centre LP 
 17190 Bernardo Center Drive 

San Diego, California 92128 
 Attn: Legal Department 

[Date] 
  

	Re:	 Additional TI Allowance(s) 

To Whom It May Concern: 

This letter concerns that certain First Amendment to Lease dated as of [_______], 20____ (the “Amendment”),
between BMR-9360-9390 Towne Centre LP (“Landlord”) and Poseida Therapeutics, Inc. (“Tenant”). Capitalized terms not otherwise defined herein shall have the meanings given them
in the Amendment. 
 Tenant hereby notifies Landlord that it wishes to exercise its right to utilize the Additional Premises
Additional TI Allowance(s) pursuant to Section 5 of the Amendment. 
 If you have any questions,
please do not hesitate to call [_______] at ([___]) [___]-[____]. 
  

	
	 Sincerely,

	
	 [Name]

	 [Title of Authorized Signatory]

  

	cc:	 Karen Sztraicher 

Jon Bergschneider 

John Lu 

Kevin Simonsen 

  
 EXHIBIT D 

-1- 

 EXHIBIT E 

DESCRIPTION OF THE LANDLORD WORK 

Landlord shall demolish the shaft indicated on the diagram below using Building-standard materials and in Landlord’s Building-standard
manner. 
  
 

 

  
 EXHIBIT E 

-1- 

 EXHIBIT G 

LOCATION OF VISITOR PARKING SPACES 
  

 

  
 EXHIBIT G 

-1- 

 SECOND AMENDMENT TO LEASE 

THIS SECOND AMENDMENT TO LEASE (this “Amendment”) is entered into as of this 11 day of March,
2020 (the “Second Amendment Execution Date”), by and between BRE-BMR CAMPUS AT TOWNE CENTRE LP, a Delaware limited partnership (“Landlord,” as
successor-in-interest to BMR-9360-9390 Towne Centre LP), and POSEIDA THERAPEUTICS, INC., a Delaware corporation
(“Tenant”). 
 RECITALS 

A.    WHEREAS, Landlord and Tenant are parties to that certain Lease dated as of October 1, 2018, as
amended by that certain First Amendment to Lease dated as of October 4, 2019 (the “First Amendment”) (collectively, and as the same may have been further amended, amended and restated, supplemented or modified from time to
time, the “Existing Lease”), whereby Tenant leases certain premises (the “Existing Premises”) from Landlord at 9390 Towne Centre Drive in San Diego, California (the “Building”); 

B.    WHEREAS, Landlord and Tenant desire to modify certain terms of the First Amendment; and 

C.    WHEREAS, Landlord and Tenant desire to modify and amend the Existing Lease only in the respects and
on the conditions hereinafter stated. 
 AGREEMENT 

NOW, THEREFORE, Landlord and Tenant, in consideration of the mutual promises contained herein and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound, agree as follows: 

1.    Definitions. For purposes of this Amendment, capitalized terms shall have the meanings
ascribed to them in the Existing Lease unless otherwise defined herein. The Existing Lease, as amended by this Amendment, is referred to collectively herein as the “Lease.” From and after the date hereof, the term
“Lease,” as used in the Existing Lease, shall mean the Existing Lease, as amended by this Amendment. 

2.    Recital B. Effective as of the Second Amendment Execution Date, Recital B of the First
Amendment is hereby amended by replacing the term “fifteen thousand one hundred forty-six (15,146)” with the term “fifteen thousand two hundred twenty-five (15,225).” 

3.    Exhibit A. Effective as of the Second Amendment Execution Date, Exhibit A attached to
the First Amendment is hereby deleted in its entirety and replaced with the Exhibit A attached to this Amendment. 

  
 -1- 

 4.    Tenant’s Pro Rata Shares. Effective as
of the Second Amendment Execution Date, the chart in Section 7 of the First Amendment is hereby deleted in its entirety and replaced with the following: 

 

			
	 Definition or Provision
	 	 Means the Following (As of the Additional

Premises Term
Commencement Date)

		
	Approximate Rentable Area of Premises*	 	68,335 square feet
		
	Approximate Rentable Area of Building*	 	74,360 square feet
		
	Approximate Rentable Area of Project*	 	163,070 square feet
		
	Tenant’s Pro Rata Share of Building*	 	91.90%
		
	Tenant’s Pro Rata Share of Project*	 	41.91%

 * Upon the Amenities Facilities Opening Date (as defined in
Section 45 of the Existing Lease), the Rentable Area of the entire Premises, the Building and the Project, as well as Tenant’s Pro Rata Share of the Project and Tenant’s Pro Rata Share of the Building shall
increase as provided in Section 45 of the Existing Lease. 

5.    Additional Premises TI Allowance. Notwithstanding anything to the contrary in this Amendment,
(a) the amount of (i) the Additional Premises Base TI Allowance, (ii) the Additional Premises Additional TI Allowance and (iii) any Additional Premises Additional TI Allowance Installment, shall continue to be based on the
Rentable Area of the Additional Premises as set forth in the First Amendment (i.e., such amounts shall not increase as a result of the increase in Rentable Area of the Additional Premises set forth in this Amendment), and (b) any increase in
the monthly Base Rent rate (per square foot of Rentable Area) with respect to the Additional Premises due to any Additional Premises Additional TI Allowance Installment disbursed by Landlord pursuant to Section 5.4 of the
First Amendment shall apply to the entire Additional Premises, including (without limitation) the additional Rentable Area added to the Additional Premises in this Amendment. 

6.    Broker. Tenant represents and warrants that it has not dealt with any broker or agent in the
negotiation for or the obtaining of this Amendment, other than Cushman & Wakefield of San Diego, Inc. (“Broker”), and agrees to reimburse, indemnify, save, defend (at Landlord’s option and with counsel reasonably
acceptable to Landlord, at Tenant’s sole cost and expense) and hold harmless the Landlord Indemnitees for, from and against any and all cost or liability for compensation claimed by any such broker or agent, other than Broker, employed or
engaged by it or claiming to have been employed or engaged by it. 
 7.    No Default. Tenant
represents, warrants and covenants that, to the best of Tenant’s knowledge, Landlord and Tenant are not in default of any of their respective obligations under the Existing Lease and no event has occurred that, with the passage of time or the
giving of notice (or both) would constitute a default by either Landlord or Tenant thereunder. 

  
 -2- 

 8.    Effect of Amendment. Except as modified by
this Amendment, the Existing Lease and all the covenants, agreements, terms, provisions and conditions thereof shall remain in full force and effect and are hereby ratified and affirmed. In the event of any conflict between the terms contained in
this Amendment and the Existing Lease, the terms herein contained shall supersede and control the obligations arid liabilities of the parties. 

9.    Successors and Assigns. Each of the covenants, conditions and agreements contained in this
Amendment shall inure to the benefit of and shall apply to and be binding upon the parties hereto and their respective heirs, legatees, devisees, executors, administrators and permitted successors and assigns and sublessees. Nothing in this section
shall in any way alter the provisions of the Lease restricting assignment or subletting. 

10.    Miscellaneous. This Amendment becomes effective only upon execution and delivery hereof by
Landlord and Tenant. The captions of the paragraphs and subparagraphs in this Amendment are inserted and included solely for convenience and shall not be considered or given any effect in construing the provisions hereof. All exhibits hereto are
incorporated herein by reference. Submission of this instrument for examination or signature by Tenant does not constitute a reservation of or option for a lease, and shall not be effective as a lease, lease amendment or otherwise until execution by
and delivery to both Landlord and Tenant. 
 11.    Authority. Tenant guarantees, warrants and
represents that the individual or individuals signing this Amendment have the power, authority and legal capacity to sign this Amendment on behalf of and to bind all entities, corporations, partnerships, limited liability companies, joint venturers
or other organizations and entities on whose behalf such individual or individuals have signed. 

12.    Counterparts: Facsimile and PDF Signatures. This Amendment may be executed in one or more
counterparts, each of which, when taken together, shall constitute one and the same document. A facsimile or portable document format (PDF) signature on this Amendment shall be equivalent to, and have the same force and effect as, an original
signature. 
 [REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] 

  
 -3- 

 IN WITNESS WHEREOF, Landlord and Tenant have executed this Amendment as of
the date and year first above written. 
 LANDLORD: 
  

			
	 BRE-BMR CAMPUS AT TOWNE CENTRE LP,

a Delaware limited partnership

		
	By:	 	/s/ Kevin Tremblay

			
	Name:	 	Kevin Tremblay

			
	Title:	 	Vice President, Leasing

 TENANT: 
  

			
	 POSEIDA THERAPEUTICS, INC.,
 a
Delaware corporation

		
	By:	 	/s/ Mark Gergen

			
	Name:	 	Mark Gergen

			
	Title:	 	CFO & CBO

  
 -4- 

 EXHIBIT A 

ADDITIONAL PREMISES 
  

 

  
 EXHIBIT AEX-4.1

 Exhibit 4.1 

TO BE RECORDED AND WHEN 
 RECORDED RETURN TO: 

Hunton Andrews Kurth LLP 
 550 South Hope Street, Suite 2000 

Los Angeles, CA 90071 
 Attention: Robert M. Johnson, Esq. 

 
  

 
 INDENTURE OF MORTGAGE 

(MORTGAGE) 
 Dated as of
June 19, 2020 
 This is a Security Agreement as well as a 

Mortgage of Real Estate and Other Property 

PACIFIC GAS AND ELECTRIC COMPANY, 

ISSUER (MORTGAGOR) 
 and

 THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., 

TRUSTEE (MORTGAGEE) 
  

 
  

THIS INSTRUMENT CONTAINS AFTER-ACQUIRED PROPERTY PROVISIONS 

 PACIFIC GAS AND ELECTRIC COMPANY 

Reconciliation and Tie between Trust Indenture Act of 1939 and Indenture of Mortgage, dated as of June 19, 2020. 

 

					
	Trust Indenture Act Section	  	Indenture Section(s)
	Section 310	  	(a)(1)	  	11.09
		  	(a)(2)	  	11.09
		  	(a)(3)	  	11.14(ii)
		  	(a)(4)	  	Not Applicable
		  	(b)	  	11.08, 11.10
	Section 311	  	(a)	  	11.13
		  	(b)	  	Not Applicable
	Section 312	  	(a)	  	12.01
		  	(b)	  	12.01
		  	(c)	  	12.01
	Section 313	  	(a)	  	12.02
		  	(b)	  	12.02
		  	(c)	  	12.02
		  	(d)	  	12.02
	Section 314	  	(a)	  	12.02
		  	(b)	  	7.08
		  	(c)(1)	  	1.04
		  	(c)(2)	  	1.04
		  	(c)(3)	  	1.05
		  	(d)	  	5.02(b), 7.07(b), 8.03(c), 8.04(c), 8.05(b), 8.08
		  	(e)	  	1.04
	Section 315	  	(a)	  	11.01, 11.03
		  	(b)	  	11.02
		  	(c)	  	11.01
		  	(d)	  	11.01
		  	(e)	  	10.18
	Section 316	  	(a)	  	10.16
		  	(a)(1)(A)	  	10.16
		  	(a)(1)(B)	  	10.17
		  	(a)(2)	  	Not Applicable
		  	(b)	  	10.12
	Section 317	  	(a)(1)	  	10.06
		  	(a)(2)	  	10.09
		  	(b)	  	7.03
	Section 318	  	(a)	  	1.09

 TABLE OF CONTENTS 

 

							
	 	  	Page	 
		
	ARTICLE I     DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION	  	 	6	 
	        Section 1.01.	 	GENERAL DEFINITIONS	  	 	6	 
	 Section 1.02.
	 	FUNDED PROPERTY; FUNDED CASH	  	 	25	 
	 Section 1.03.
	 	PROPERTY ADDITIONS; COST	  	 	26	 
	 Section 1.04.
	 	COMPLIANCE CERTIFICATES AND OPINIONS	  	 	28	 
	 Section 1.05.
	 	CONTENT AND FORM OF DOCUMENTS DELIVERED TO TRUSTEE	  	 	29	 
	 Section 1.06.
	 	ACTS OF HOLDERS	  	 	31	 
	 Section 1.07.
	 	NOTICES, ETC. TO TRUSTEE AND COMPANY	  	 	32	 
	 Section 1.08.
	 	NOTICE TO HOLDERS OF BONDS; WAIVER	  	 	34	 
	 Section 1.09.
	 	CONFLICT WITH TRUST INDENTURE ACT	  	 	34	 
	 Section 1.10.
	 	EFFECT OF HEADINGS AND TABLE OF CONTENTS	  	 	34	 
	 Section 1.11.
	 	SUCCESSORS AND ASSIGNS	  	 	34	 
	 Section 1.12.
	 	SEPARABILITY CLAUSE	  	 	34	 
	 Section 1.13.
	 	BENEFITS OF INDENTURE	  	 	35	 
	 Section 1.14.
	 	GOVERNING LAW	  	 	35	 
	 Section 1.15.
	 	LEGAL HOLIDAYS	  	 	35	 
	 Section 1.16.
	 	INVESTMENT OF CASH HELD BY TRUSTEE	  	 	35	 
	 Section 1.17.
	 	WAIVER OF JURY TRIAL	  	 	36	 
	 Section 1.18.
	 	FOREIGN ACCOUNT TAX COMPLIANCE ACT (FATCA)	  	 	36	 
	 Section 1.19.
	 	FORCE MAJEURE	  	 	36	 
		
	ARTICLE II     BOND FORMS	  	 	37	 
	 Section 2.01.
	 	FORMS GENERALLY	  	 	37	 
	 Section 2.02.
	 	FORM OF TRUSTEE’S CERTIFICATE OF AUTHENTICATION	  	 	37	 
		
	ARTICLE III     THE BONDS	  	 	37	 
	 Section 3.01.
	 	AMOUNT UNLIMITED; ISSUABLE IN SERIES	  	 	37	 
	 Section 3.02.
	 	DENOMINATIONS	  	 	41	 
	 Section 3.03.
	 	EXECUTION, DATING, CERTIFICATE OF AUTHENTICATION	  	 	42	 
	 Section 3.04.
	 	TEMPORARY BONDS	  	 	42	 
	 Section 3.05.
	 	REGISTRATION, REGISTRATION OF TRANSFER AND EXCHANGE	  	 	43	 
	 Section 3.06.
	 	MUTILATED, DESTROYED, LOST AND STOLEN BONDS	  	 	44	 
	 Section 3.07.
	 	PAYMENT OF INTEREST; INTEREST RIGHTS PRESERVED	  	 	45	 
	 Section 3.08.
	 	PERSONS DEEMED OWNERS	  	 	46	 
	 Section 3.09.
	 	CANCELLATION BY BOND REGISTRAR	  	 	46	 
	 Section 3.10.
	 	COMPUTATION OF INTEREST	  	 	47	 
	 Section 3.11.
	 	PAYMENT TO BE IN PROPER CURRENCY	  	 	47	 
	 Section 3.12.
	 	CUSIP NUMBERS	  	 	47	 

							
	        Section 3.13.	 	 EXTENSION OF INTEREST PAYMENT
	  	 	47	 
	 Section 3.14.
	 	 GLOBAL BONDS
	  	 	48	 
		
	ARTICLE IV     Lien Effective Date	  	 	48	 
	 Section 4.01.
	 		  	 	48	 
		
	ARTICLE V     ISSUANCE OF BONDS	  	 	49	 
	 Section 5.01.
	 	 GENERAL
	  	 	49	 
	 Section 5.02.
	 	 ISSUANCE OF BONDS ON THE BASIS OF PROPERTY ADDITIONS
	  	 	51	 
	 Section 5.03.
	 	 ISSUANCE OF BONDS ON THE BASIS OF RETIRED BONDS
	  	 	53	 
	 Section 5.04.
	 	 ISSUANCE OF BONDS ON THE BASIS OF DEPOSIT OF CASH
	  	 	54	 
	 Section 5.05.
	 	 ISSUANCE OF ADDITIONAL BONDS
	  	 	55	 
		
	ARTICLE VI     REDEMPTION OF BONDS	  	 	55	 
	 Section 6.01.
	 	 APPLICABILITY OF ARTICLE
	  	 	55	 
	 Section 6.02.
	 	 ELECTION TO REDEEM; NOTICE TO TRUSTEE
	  	 	55	 
	 Section 6.03.
	 	 SELECTION OF BONDS TO BE REDEEMED
	  	 	56	 
	 Section 6.04.
	 	 NOTICE OF REDEMPTION
	  	 	56	 
	 Section 6.05.
	 	 BONDS PAYABLE ON REDEMPTION DATE
	  	 	58	 
	 Section 6.06.
	 	 BONDS REDEEMED IN PART
	  	 	58	 
		
	ARTICLE VII     COVENANTS	  	 	58	 
	 Section 7.01.
	 	 PAYMENT OF BONDS; LAWFUL POSSESSION; MAINTENANCE OF LIEN
	  	 	58	 
	 Section 7.02.
	 	 MAINTENANCE OF OFFICE OR AGENCY
	  	 	59	 
	 Section 7.03.
	 	 MONEY FOR BOND PAYMENTS TO BE HELD IN TRUST
	  	 	59	 
	 Section 7.04.
	 	 CORPORATE EXISTENCE
	  	 	60	 
	 Section 7.05.
	 	 MAINTENANCE OF PROPERTIES
	  	 	61	 
	 Section 7.06.
	 	 PAYMENT OF TAXES; LIENS AND DISCHARGE OF LIENS
	  	 	61	 
	 Section 7.07.
	 	 INSURANCE
	  	 	62	 
	 Section 7.08.
	 	 RECORDING, FURTHER ASSURANCES
	  	 	65	 
	 Section 7.09.
	 	 WAIVER OF CERTAIN COVENANTS
	  	 	66	 
	 Section 7.10.
	 	 ANNUAL OFFICER’S CERTIFICATE AS TO COMPLIANCE
	  	 	66	 
		
	ARTICLE VIII     POSSESSION, USE AND RELEASE OF MORTGAGED PROPERTY	  	 	67	 
	 Section 8.01.
	 	 QUIET ENJOYMENT
	  	 	67	 
	 Section 8.02.
	 	 DISPOSITIONS WITHOUT RELEASE
	  	 	67	 
	 Section 8.03.
	 	 RELEASE OF FUNDED PROPERTY
	  	 	68	 
	 Section 8.04.
	 	 RELEASE OF PROPERTY CONSTITUTING UNFUNDED PROPERTY
	  	 	72	 
	 Section 8.05.
	 	 RELEASE OF PROPERTIES WITHIN ANNUAL LIMITS
	  	 	73	 
	 Section 8.06.
	 	 PURCHASE MONEY OBLIGATIONS
	  	 	74	 
	 Section 8.07.
	 	 WITHDRAWAL OR OTHER APPLICATION OF FUNDED CASH
	  	 	75	 

  
 -ii- 

							
	        Section 8.08.	 	RELEASE OF PROPERTY TAKEN BY EMINENT DOMAIN, ETC	  	 	77	 
	 Section 8.09.
	 	DISCLAIMER OR QUITCLAIM	  	 	78	 
	 Section 8.10.
	 	MISCELLANEOUS	  	 	78	 
	 Section 8.11.
	 	PRIORITY OF PURCHASE MONEY LIENS	  	 	79	 
		
	ARTICLE IX     SATISFACTION AND DISCHARGE	  	 	80	 
	 Section 9.01.
	 	SATISFACTION AND DISCHARGE OF BONDS	  	 	80	 
	 Section 9.02.
	 	SATISFACTION AND DISCHARGE OF INDENTURE	  	 	82	 
	 Section 9.03.
	 	APPLICATION OF TRUST MONEY	  	 	83	 
		
	ARTICLE X     EVENTS OF DEFAULT; REMEDIES	  	 	84	 
	 Section 10.01.
	 	EVENTS OF DEFAULT	  	 	84	 
	 Section 10.02.
	 	ACCELERATION OF MATURITY; RESCISSION AND ANNULMENT	  	 	85	 
	 Section 10.03.
	 	ENTRY UPON MORTGAGED PROPERTY	  	 	86	 
	 Section 10.04.
	 	POWER OF SALE; SUITS FOR ENFORCEMENT	  	 	87	 
	 Section 10.05.
	 	INCIDENTS OF SALE	  	 	87	 
	 Section 10.06.
	 	COLLECTION OF INDEBTEDNESS AND SUITS FOR ENFORCEMENT BY TRUSTEE	  	 	88	 
	 Section 10.07.
	 	APPLICATION OF MONEY COLLECTED	  	 	89	 
	 Section 10.08.
	 	RECEIVER	  	 	90	 
	 Section 10.09.
	 	TRUSTEE MAY FILE PROOFS OF CLAIM	  	 	90	 
	 Section 10.10.
	 	TRUSTEE MAY ENFORCE CLAIMS WITHOUT POSSESSION OF BONDS	  	 	90	 
	 Section 10.11.
	 	LIMITATION ON SUITS	  	 	91	 
	 Section 10.12.
	 	UNCONDITIONAL RIGHT OF HOLDERS TO RECEIVE PRINCIPAL, PREMIUM AND INTEREST	  	 	91	 
	 Section 10.13.
	 	RESTORATION OF RIGHTS AND REMEDIES	  	 	92	 
	 Section 10.14.
	 	RIGHTS AND REMEDIES CUMULATIVE	  	 	92	 
	 Section 10.15.
	 	DELAY OR OMISSION NOT WAIVER	  	 	92	 
	 Section 10.16.
	 	CONTROL BY HOLDERS OF BONDS	  	 	92	 
	 Section 10.17.
	 	WAIVER OF PAST DEFAULTS	  	 	93	 
	 Section 10.18.
	 	UNDERTAKING FOR COSTS	  	 	93	 
	 Section 10.19.
	 	WAIVER OF APPRAISEMENT AND OTHER LAWS	  	 	93	 
		
	ARTICLE XI     THE TRUSTEE	  	 	94	 
	 Section 11.01.
	 	CERTAIN DUTIES AND RESPONSIBILITIES	  	 	94	 
	 Section 11.02.
	 	NOTICE OF DEFAULTS	  	 	95	 
	 Section 11.03.
	 	CERTAIN RIGHTS OF TRUSTEE	  	 	95	 
	 Section 11.04.
	 	NOT RESPONSIBLE FOR RECITALS OR ISSUANCE OF BONDS OR APPLICATION OF PROCEEDS	  	 	98	 
	 Section 11.05.
	 	MAY HOLD BONDS	  	 	98	 
	 Section 11.06.
	 	MONEY HELD IN TRUST	  	 	98	 
	 Section 11.07.
	 	COMPENSATION AND REIMBURSEMENT	  	 	99	 
	 Section 11.08.
	 	DISQUALIFICATION; CONFLICTING INTERESTS	  	 	99	 
	 Section 11.09.
	 	CORPORATE TRUSTEE REQUIRED; ELIGIBILITY	  	 	100	 

  
 -iii- 

							
	        Section 11.10.	 	RESIGNATION AND REMOVAL; APPOINTMENT OF SUCCESSOR	  	 	100	 
	 Section 11.11.
	 	ACCEPTANCE OF APPOINTMENT BY SUCCESSOR	  	 	102	 
	 Section 11.12.
	 	MERGER, CONVERSION, CONSOLIDATION OR SUCCESSION TO BUSINESS	  	 	102	 
	 Section 11.13.
	 	PREFERENTIAL COLLECTION OF CLAIMS AGAINST COMPANY	  	 	102	 
	 Section 11.14.
	 	CO-TRUSTEES AND SEPARATE TRUSTEES	  	 	103	 
	 Section 11.15.
	 	APPOINTMENT OF AUTHENTICATING AGENT	  	 	104	 
		
	ARTICLE XII     LISTS OF HOLDERS; REPORTS BY TRUSTEE AND COMPANY	  	 	106	 
	 Section 12.01.
	 	LISTS OF HOLDERS	  	 	106	 
	 Section 12.02.
	 	REPORTS BY TRUSTEE AND COMPANY	  	 	106	 
		
	ARTICLE XIII     CONSOLIDATION, MERGER, CONVEYANCE OR OTHER TRANSFER	  	 	106	 
	 Section 13.01.
	 	COMPANY MAY CONSOLIDATE, ETC., ONLY ON CERTAIN TERMS	  	 	106	 
	 Section 13.02.
	 	SUCCESSOR CORPORATION SUBSTITUTED	  	 	108	 
	 Section 13.03.
	 	EXTENT OF LIEN HEREOF ON PROPERTY OF SUCCESSOR CORPORATION	  	 	109	 
	 Section 13.04.
	 	RELEASE OF COMPANY UPON CONVEYANCE OR OTHER TRANSFER	  	 	109	 
	 Section 13.05.
	 	MERGER INTO COMPANY; EXTENT OF LIEN HEREOF	  	 	109	 
		
	ARTICLE XIV     SUPPLEMENTAL INDENTURES	  	 	110	 
	 Section 14.01.
	 	SUPPLEMENTAL INDENTURES WITHOUT CONSENT OF HOLDERS	  	 	110	 
	 Section 14.02.
	 	SUPPLEMENTAL INDENTURES WITH CONSENT OF HOLDERS	  	 	112	 
	 Section 14.03.
	 	EXECUTION OF SUPPLEMENTAL INDENTURES	  	 	113	 
	 Section 14.04.
	 	EFFECT OF SUPPLEMENTAL INDENTURES	  	 	114	 
	 Section 14.05.
	 	CONFORMITY WITH TRUST INDENTURE ACT	  	 	114	 
	 Section 14.06.
	 	REFERENCE IN BONDS TO SUPPLEMENTAL INDENTURES	  	 	114	 
	 Section 14.07.
	 	MODIFICATION WITHOUT SUPPLEMENTAL INDENTURE	  	 	114	 
		
	ARTICLE XV     MEETINGS OF HOLDERS; ACTION WITHOUT MEETING	  	 	115	 
	 Section 15.01.
	 	PURPOSES FOR WHICH MEETINGS MAY BE CALLED	  	 	115	 
	 Section 15.02.
	 	CALL, NOTICE AND PLACE OF MEETINGS	  	 	115	 
	 Section 15.03.
	 	PERSONS ENTITLED TO VOTE AT MEETINGS	  	 	116	 
	 Section 15.04.
	 	QUORUM; ACTION	  	 	116	 
	 Section 15.05.
	 	ATTENDANCE AT MEETINGS; DETERMINATION OF VOTING RIGHTS; CONDUCT AND ADJOURNMENT OF MEETINGS	  	 	117	 
	 Section 15.06.
	 	COUNTING VOTES AND RECORDING ACTION OF MEETINGS	  	 	118	 

  
 -iv- 

							
	         Section 15.07.
	 	ACTION WITHOUT MEETING	  	 	118	 
		
	 ARTICLE XVI     IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS
AND DIRECTORS
	  	 	118	 
	         Section 16.01.
	 	LIABILITY SOLELY CORPORATE	  	 	118	 

  
 -v- 

 INDENTURE OF MORTGAGE (this “Indenture”), dated as of June 19,
2020, between PACIFIC GAS AND ELECTRIC COMPANY, a corporation duly organized and existing under the laws of the State of California (the “Company”), as Mortgagor, and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., a
national banking association organized under the laws of the United States of America, as Trustee and Mortgagee (the “Trustee”). 

RECITALS OF THE COMPANY 

The Company has duly authorized the execution and delivery of this Indenture to provide for the issuance from time to time of its Bonds (as
hereinafter defined) to be issued in one or more series or Tranches (as hereinafter defined) as contemplated herein, and, from and after the Lien Effective Date (as hereinafter defined), to provide security for the payment of the principal of and
premium, if any, and interest, if any, on the Bonds. 
 From and after the Lien Effective Date, the Bonds will be secured by a lien on and
security interest in the Mortgaged Property (as hereinafter defined) to the extent provided herein. 
 All acts necessary to make this
Indenture a valid agreement of the Company, in accordance with its terms, have been performed. For all purposes of this Indenture, except as otherwise expressly provided herein or unless the context otherwise requires, capitalized terms used herein
shall have the meanings assigned to them in Article I of this Indenture. 
 GRANTING CLAUSES 

NOW, THEREFORE, THIS INDENTURE WITNESSETH, that, in consideration of the premises and of the purchase of the Bonds by the Holders
thereof, and in order to secure the payment of the principal of and premium, if any, and interest, if any, on all Bonds from time to time Outstanding and the performance of the covenants therein and herein contained, and to declare the terms and
conditions on which such Bonds are secured, the Company hereby grants, bargains, sells, conveys, assigns, transfers, mortgages, pledges, sets over and confirms to the Trustee, with power of sale, and grants to the Trustee a security interest in and
lien on, the following, (subject, however, to the terms and conditions set forth in this Indenture), with such security interest and lien to become effective on the Lien Effective Date: 

GRANTING CLAUSE FIRST 

All right, title and interest of the Company, as of the Execution Date (as hereinafter defined), in and to all property, real, personal and
mixed, located in the State of California, including without limitation all right, title and interest of the Company in and to the following property so located (other than Excepted Property (as hereinafter defined)): (a) all real property owned in
fee and other interests in real property which are specifically described or referred to in Exhibit A attached hereto and incorporated herein by this reference; (b) all easements, licenses and permits to use the real property of others,
franchises to use public roads, streets and other public properties, rights of way and other rights or interests relating to the occupancy or use of real property; (c) all facilities, machinery, equipment and fixtures for the generation,
transmission and distribution of electric energy including, but not limited to, all plants, switchyards, towers, substations, transformers, poles, lines, cables, conduits, ducts, conductors, 

 
meters, regulators and all other property used or to be used for any or all of such purposes; (d) all facilities, machinery, equipment and fixtures for the transmission and transportation,
storage and distribution of gas including, but not limited to, gas works, stations and substations, transmission pipelines, storage facilities, holders, tanks, retorts, purifiers, odorizers, scrubbers, compressors, valves, regulators, pumps, mains,
pipes, service pipes, conduits, ducts, fittings and connections, services, meters and any and all other property used or to be used for any or all of such purposes; (e) all buildings, offices, warehouses, structures or improvements in addition
to those referred to or otherwise included in clauses (a), (c) and (d) above; (f) all computers, data processing, data storage, data transmission and/or telecommunications facilities, equipment and apparatus necessary for
the operation or maintenance of any of the facilities, machinery, equipment or fixtures described or referred to in clauses (c) and (d) above; and (g) all of the foregoing property in the process of construction; 

GRANTING CLAUSE SECOND 

All right, title and interest of the Company in, to and under all property, real, personal and mixed (other than Excepted Property), located
in the State of California which may be hereafter acquired by the Company, it being the intention of the Company that all such property acquired by the Company after the Execution Date shall be as fully embraced within and subjected to the lien
hereof as if such property were owned by the Company as of the Execution Date; 
 GRANTING CLAUSE THIRD 

All right, title and interest of the Company in, to and under any Excepted Property, which may, from time to time after the Execution Date, by
delivery or by an instrument supplemental to this Indenture, be subjected to the lien hereof by the Company, the Trustee being hereby authorized to receive the same at any time as additional security hereunder; it being understood that any such
subjection to the lien hereof of any Excepted Property as additional security may be made subject to such reservations, limitations or conditions respecting the use and disposition of such property or the proceeds thereof as shall be set forth in
such instrument; 
 GRANTING CLAUSE FOURTH 

All right, title and interest of the Company, whether now owned or hereafter acquired, in, to and under (i) all goods (as such term is
defined in the California Commercial Code as in effect on the date hereof) located in the State of California, and (ii) all money, deposit accounts, instruments, investment property and other property (as such terms are defined in the
California Commercial Code as in effect on the date hereof) paid or delivered to, deposited with, or held by the Trustee hereunder; 

GRANTING CLAUSE FIFTH 

All right, title and interest, whether now owned or hereafter acquired, of the Company in, to and under the rents, issues, profits, revenues
and other income and proceeds of the property expressly subjected or expressly required to be subjected to the lien of this Indenture, and all the estate, right, title and interest of every nature whatsoever of the Company in and to the same and
every part thereof, and all other property of whatever kind and nature expressly subjected to the lien of this Indenture or stated to constitute Mortgaged Property by any of the terms and provisions hereof; and 

  
 -2- 

 GRANTING CLAUSE SIXTH 

All proceeds (as such term is defined in the California Commercial Code as in effect on the date hereof) of the foregoing. 

EXCEPTED PROPERTY 

Expressly excepting and excluding, however, from the lien of this Indenture all right, title and interest of the Company in, to or under the
following property (other than such property as is described in Granting Clause Third of this Indenture), whether now owned or hereafter acquired (the “Excepted Property”): 

(a)    all money, investment property, deposit accounts and security entitlements (as such terms are defined in the
California Commercial Code as in effect on the date hereof), and all cash on hand or on deposit in banks or other financial institutions, shares of stock, joint ventures, interests in general or limited partnerships or limited liability companies,
bonds, notes, other evidences of indebtedness and other securities, commodity accounts and policies of insurance on the lives of officers and directors of the Company, of whatever kind and nature, in each case to the extent not hereafter paid or
delivered to, deposited with, or held by the Trustee hereunder; 
 (b)    all accounts, chattel paper, commercial tort
claims, documents, general intangibles, instruments, letter-of-credit rights and letters of credit (as such terms are defined in the California Commercial Code as in
effect on the date hereof), other than those specifically described in clause (b) of Granting Clause First and in Granting Clause Fourth of this Indenture; and all contracts, leases (including, but not limited to, the Diablo Canyon Lease (as
hereinafter defined)), operating agreements and other agreements of whatever kind and nature; all contract rights, bills and notes (except to the extent that any of the same constitute securities, security entitlements or investment property, in
which case they are separately excepted from the lien of this Indenture under clause (a) above); all revenues, income and earnings, all accounts receivable, rights to payment and unbilled revenues, all rents, tolls, issues, product and
profits, claims, credits, demands and judgments, including any rights in or to rates, revenue components, charges, tariffs or amounts arising therefrom, or in any amounts that are accrued and recorded in a regulatory account for collections by the
Company; all governmental and other licenses, permits, franchises, consents and allowances, including all emission allowances and greenhouse gas allowances (or similar rights) created under any similar existing or future law relating to abatement or
control of pollution of the atmosphere, water or soil, other than those specifically described in clause (b) of Granting Clause First of this Indenture; and all patents, patent licenses and other patent rights, patent applications, trade names,
trademarks, copyrights and other intellectual property, including computer software and software licenses; and all claims, credits, choses in action and other intangible property; 

  
 -3- 

 (c)    all automobiles, buses, trucks, truck cranes, tractors, trailers,
motor vehicles and similar vehicles and movable equipment; all rolling stock, rail cars and other railroad equipment; all vessels, boats, barges and other marine equipment; all airplanes, helicopters, aircraft engines and other flight equipment; and
all parts, accessories and supplies used in connection with any of the foregoing; 
 (d)    all goods, stock in trade,
wares, merchandise and inventory held for the purpose of sale or lease in the ordinary course of business; all materials, supplies, inventory and other items of personal property which are consumable (otherwise than by ordinary wear and tear) in
their use in the operation of the Mortgaged Property; all fuel, whether or not any such fuel is in a form consumable in the operation of the Mortgaged Property, including separate components of any fuel in the forms in which such components exist at
any time before, during or after the period of the use thereof as fuel; all hand and other portable tools and equipment; all furniture and furnishings; and computers and data processing, data storage, data transmission, telecommunications and other
facilities, equipment and apparatus, which, in any case, are used primarily for administrative or clerical purposes or are otherwise not necessary for the operation or maintenance of the facilities, machinery, equipment or fixtures described or
referred to in clause (c) or (d) of Granting Clause First of this Indenture; 
 (e)    all personal
property the perfection of a security interest in which is not governed by the California Commercial Code; 
 (f)    all
oil, gas and other minerals (as such terms are defined in the California Commercial Code as in effect on the date hereof); and all coal, ore, gas, oil and other minerals and all timber, and all rights and interests in any of the foregoing, whether
or not such minerals or timber shall have been mined or extracted or otherwise separated from the land; and all electric energy and capacity, gas (natural or artificial), steam, water and other products generated, produced, manufactured, purchased
or otherwise acquired by the Company; 
 (g)    all property which is the subject of a lease agreement designating the
Company as lessee and all right, title and interest of the Company in and to such property and in, to and under such lease agreement, whether or not such lease agreement is intended as security, including, but not limited to, the Company’s
right, title and interest in and to the property which is the subject of the Diablo Canyon Lease; 
 (h)    all
property, real, personal and mixed, which subsequent to the Execution Date, has been released from the lien of this Indenture, and any improvements, extensions and additions to such properties and renewals, replacements and substitutions of or for
any parts thereof; 
 (i)    all property, real, personal and mixed, that is stated in Sections 8.10(d),
13.03 or 13.05 of this Indenture to not be subject to the lien of this Indenture; 
 (j)    all
Environmental Remediation Sites; 
 (k)    all General Office Property; 

(l)    Hydro Property described in Exhibit B-4; 

(m)    all Mitigation Property; 

  
 -4- 

 (n)    all Surplus Property; 

(o)    all Diablo Canyon Property; and 

(p)    all proceeds (as such term is defined in the California Commercial Code as in effect on the date hereof) of the
foregoing, 
 provided, however, that Excepted Property shall not include the identifiable proceeds (as such term is defined in the California
Commercial Code as in effect on the date hereof) of any Mortgaged Property that the Company has disposed of in violation of the terms of this Indenture; and provided, further, that subject to the provisions of
Section 13.03, if, at any time after the occurrence of an Event of Default, the Trustee (acting at the written direction by the Holders of at least a majority in aggregate principal amount of the Bonds then Outstanding), or
any separate trustee or co-trustee appointed under Section 11.14 or any receiver appointed pursuant to Section 10.08 or otherwise, shall have entered into
possession of all or substantially all the Mortgaged Property, to the extent permitted by law, all the Excepted Property described or referred to in the foregoing clauses (c) and (d) then owned or held or thereafter acquired by
the Company, to the extent that the same is used in connection with, or otherwise relates or is attributable to, the Mortgaged Property, shall immediately, and, in the case of any Excepted Property described or referred to in clause (g), to
the extent that the same is used in connection with, or otherwise relates or is attributable to, the Mortgaged Property, upon demand of the Trustee or such other trustee or receiver, become subject to the lien of this Indenture, junior and
subordinate to any Liens at that time existing on such Excepted Property, and the Trustee or such other trustee or receiver may, to the extent not prohibited by law or by the terms of any such other Lien (and subject to the rights of the holders of
all such other Liens), at the same time likewise take possession thereof; provided, however, that none of the Excepted Property described or referred to in the foregoing clauses (c), (d) and (g) shall become
subject to the lien of this Indenture upon the occurrence of an Event of Default, if such Excepted Property is (x) subject to an existing agreement that prohibits the imposition of further Liens on such Excepted Property or (y) subject to
an existing agreement providing for the sale or other disposition of such Excepted Property; provided, further, that whenever all Events of Default shall have been cured and the possession of all or substantially all of the Mortgaged
Property shall have been restored to the Company, such Excepted Property shall again be excepted and excluded from the lien hereof to the extent set forth above; it being understood that the Company may, however, pursuant to Granting Clause Third,
subject any Excepted Property to the lien of this Indenture whereupon the same shall cease to be Excepted Property; 
 TO HAVE AND TO
HOLD all such property, real, personal and mixed, unto the Trustee, its successors in trust and their assigns forever (and this Indenture is both a real property mortgage and a “security agreement” within the meaning of Article 9 of
the Uniform Commercial Code as in effect from time to time in the State of California or the State of New York, as applicable); 

SUBJECT, HOWEVER, to Permitted Liens; and 

  
 -5- 

 IN TRUST, NEVERTHELESS, for the equal and ratable benefit and security of the Holders
from time to time of all Outstanding Bonds without any priority of any such Bond over any other such Bond; 
 PROVIDED, HOWEVER, that
the right, title and interest of the Trustee in and to the Mortgaged Property shall cease, terminate and become void in accordance with, and subject to the conditions set forth in, Article VIII or Article IX hereof, and if, thereafter,
the principal of and premium, if any, and interest, if any, on the Bonds shall have been paid to the Holders thereof, or shall have been paid to the Company pursuant to Section 7.03 hereof or to the appropriate Governmental
Authority pursuant to applicable law after the Maturity thereof, then and in that case this Indenture shall terminate, and the Trustee shall execute and deliver to the Company such instruments as the Company shall require to evidence such
termination; otherwise this Indenture, and the estate and rights hereby granted, shall be and remain in full force and effect; 
 IT IS
HEREBY COVENANTED AND AGREED by and between the Company and the Trustee that all the Bonds are to be authenticated and delivered, and that the Mortgaged Property is to be held, subject to the further covenants, conditions and trusts hereinafter
set forth, and the Company hereby covenants and agrees to and with the Trustee, for the equal and ratable benefit of all Holders of the Bonds, as follows: 

ARTICLE I 
 DEFINITIONS
AND OTHER PROVISIONS OF GENERAL 
 APPLICATION 

SECTION 1.01.    GENERAL DEFINITIONS. 

For all purposes of this Indenture, except as otherwise expressly provided or unless the context otherwise requires: 

(a)    the terms defined in this Article have the meanings assigned to them in this Article and include the plural as well
as the singular; 
 (b)    reference to any gender shall include all other genders; 

(c)    all terms used herein without definition which are defined in the Trust Indenture Act as in effect on the date
hereof, either directly or by reference therein, have the meanings assigned to them therein; 
 (d)    all terms used
herein without definition which are defined in the California Commercial Code as in effect on the date hereof shall have the meanings assigned to them therein; 

(e)    all accounting terms not otherwise defined herein have the meanings assigned to them in accordance with generally
accepted accounting principles in the United States; and, except as otherwise herein expressly provided, the term “generally accepted accounting principles” with respect to any computation required or permitted hereunder shall

  
 -6- 

 
mean such accounting principles as are generally accepted in the United States at the date of such computation or, at the election of the Company from time to time, at the Execution Date;
provided, however, that in determining generally accepted accounting principles applicable to the Company, effect shall be given, to the extent required, to any order, rule or regulation of any administrative agency, regulatory
authority or other governmental body having jurisdiction over the Company; 
 (f)    any reference to an
“Article”, a “Section” or any other subdivision refers to an Article, a Section or other subdivision, as the case may be, of this Indenture; and 

(g)    the words “herein”, “hereof” and “hereunder” and other words of similar import refer
to this Indenture as a whole and not to any particular Article, Section or other subdivision. 
 “Accountant” means a
Person engaged in the accounting profession or otherwise qualified to pass on accounting matters (including, but not limited to, a Person certified or licensed as a public accountant, whether or not then engaged in the public accounting profession),
which Person, unless required under the terms hereof to be Independent, may be an employee, an Affiliate or an employee of an Affiliate of the Company. 

“Acquired Facility” means any property which, within six (6) months prior to the date of its acquisition by the Company,
has been used or operated by a Person or Persons other than the Company in a business similar to that in which such property has been or is to be used or operated by the Company. 

“Act”, when used with respect to any Holder of a Bond, has the meaning specified in Section 1.06.

 “Adjusted Funded Property Basis” means, with respect to any Funded Property (including any Property Additions which have
become Funded Property under the terms of this Indenture), the Funded Property Basis of such Funded Property after making deductions therefrom and additions thereto as contemplated by Section 1.03(b). 

“Adjusted Property Additions Basis” means, with respect to any Property Additions which constitute Unfunded Property, the
Property Additions Basis of such Property Additions after making deductions therefrom and additions thereto as contemplated by Section 1.03(b). 

“Affiliate” of any specified Person means any other Person directly or indirectly controlling or controlled by or under
direct or indirect common control with such specified Person. For the purposes of this definition, “control” when used with respect to any specified Person means the power to direct generally the management and policies of such
Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing. 

“Attributable Debt” in respect of a sale and leaseback transaction means, at the time of determination, the present value of
the obligation of the lessee for net rental payments during the remaining term of the lease included in such sale and leaseback transaction, including any period for which such lease has been extended or may, at the option of the lessor, be
extended. Such present value shall be calculated using a discount rate equal to the rate of interest implicit in such transaction, determined in accordance with generally accepted accounting principles. 

  
 -7- 

 “Authenticating Agent” means any Person or Persons (other than the Company
or an Affiliate of the Company) authorized by the Trustee to act on behalf of the Trustee to authenticate the Bonds of one or more series. 

“Authorized Officer” means the Chairman of the Board, the President, the Chief Executive Officer, any Vice President or
Assistant Vice President, the Chief Financial Officer, the Treasurer or Assistant Treasurer or any other person duly authorized by the Board of Directors to act as an Authorized Officer. 

“Authorized Publication” means a newspaper or financial journal of general circulation, printed in the English language and
customarily published on each Business Day, whether or not published on Saturdays, Sundays or holidays; or, in the alternative, shall mean such form of communication as may have come into general use for the dissemination of information of import
similar to that of the information specified to be published by the provisions hereof. In the event that successive weekly publications in an Authorized Publication are required hereunder they may be made (unless otherwise expressly provided herein)
on the same or different days of the week and in the same or in different Authorized Publications. In case, by reason of the suspension of publication of any Authorized Publication, or by reason of any other cause, it shall be impractical without
unreasonable expense to make publication of any notice in an Authorized Publication as required by this Indenture, then such method of publication or notification as shall be made with the approval of the Trustee shall be deemed the equivalent of
the required publication of such notice in an Authorized Publication. 
 “Authorized Purposes” means the authentication and
delivery of Bonds, the release of property and/or the withdrawal of cash under any of the provisions of this Indenture. 

“Bankruptcy Code” means the United States Bankruptcy Code, 11 United States Code Section 101 et seq., or any successor
statute thereto. 
 “Board of Directors” means the board of directors of the Company, any committee thereof duly authorized
to act in respect of matters relating to this Indenture or any other body fulfilling the function of a board of directors of a corporation authorized to act in respect of matters relating to this Indenture. 

“Board Resolution” means a copy of a resolution certified by the Secretary or an Assistant Secretary of the Company that has
been duly adopted by the Board of Directors, that is in full force and effect on the date of such certification and that has been delivered to the Trustee. 

“Bond Register” and “Bond Registrar” have the respective meanings specified in
Section 3.05. 
 “Bonds” means any securities, including any bonds, notes and other evidences of
indebtedness, authenticated and delivered under this Indenture. 

  
 -8- 

 “Business Day” means any day, other than a Saturday or Sunday, which is not
a day on which banking institutions or trust companies in (i) any Place of Payment or other location specified in the Bonds or this Indenture or (ii) the location of the Company’s principal place of business or the Corporate Trust
Office of the Trustee, are generally authorized or required by law, regulation or executive order to remain closed, except as may be otherwise specified as contemplated by Section 3.01. 

“California Commercial Code” means the California Commercial Code as in effect from time to time, unless otherwise specified
in this Indenture. 
 “California Public Utilities Code” means the California Public Utilities Code as in effect from time
to time, unless otherwise specified in this Indenture. 
 “Cash Deposit Amount” has the meaning specified in
(i) Section 8.03, when used in Section 8.03, or (ii) Section 8.05, when used in Section 8.05. 

“Cash Deposit Credit Items” has the meaning specified in Section 8.03. 

“Commission” means the Securities and Exchange Commission, as from time to time constituted, created under the Exchange Act
or, if at any time after the Execution Date such Commission is not existing and performing the duties now assigned to it under the Trust Indenture Act, then the body, if any, performing such duties at such time. 

“Company” means the Person named as the “Company” in the first paragraph of this Indenture until a successor Person
shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Company” shall mean such successor Person. 

“Company Order” or “Company Request” means, respectively, a written order or request, as the case may be,
signed in the name of the Company by an Authorized Officer and delivered to the Trustee. 
 “Corporate Trust Office” means
the designated office of the Trustee, at which at any particular time its corporate trust business shall be administered, which office, at the Execution Date, is located at The Bank of New York Mellon Trust Company, N.A., 400 South Hope Street,
Suite 500, Los Angeles, CA 90071, Attention: Global Corporate Trust Unit, or such other address as the Trustee may designate from time to time by notice to the Holders and the Company. 

“Corporation” means a corporation, partnership, limited liability company, association, company, joint stock company or
business trust, and references to “corporate” and other derivations of “corporation” herein shall be deemed to include appropriate derivations of such entities. 

“Cost” has the meaning specified in Section 1.03. 

“CPI Index” means the United States Department of Labor, Bureau of Labor Statistics Consumer Price Index for All Urban
Consumers, U.S. City Average, “All Items” (1982-84 = 100), or any successor index thereof as such successor index may be appropriately adjusted to 

  
 -9- 

 
establish substantial equivalence with the Consumer Price Index; provided that if the Consumer Price Index ceases to be published and there is no successor thereto, such other index as the
Company shall designate in writing to the Trustee shall be substituted for the Consumer Price Index. 
 “Debt” means any
debt of the Company for money borrowed and guarantees by the Company of debt for money borrowed but in each case excluding liabilities in respect of Lease Obligations or Swap Agreements. 

“Deductible Limit” means, with respect to any fire insurance policy required to be maintained by the Company under
Section 7.07, an amount equal to the greatest of (i) Twenty-Five Million Dollars ($25,000,000) with respect to any such policy expiring in calendar year 2020; provided that, with respect to any policy expiring in any
subsequent calendar year, such amount shall be increased by the same percentage increase in the CPI Index for the period commencing on January 1, 2020 and ending on the commencement date of such policy, and (ii) three percent (3%) of the
principal amount of the Bonds Outstanding on the commencement date of any such policy, and (iii) any other dollar amount which is applicable to fire insurance (x) on property of similar character maintained by companies similarly situated
and operating like property or (y) on property as to which an equal primary fire insurance rate has been set by responsible insurance companies. 

“Default” means any event that with the passage of time or the giving of notice or both would be an Event of Default. 

“Defaulted Interest” has the meaning specified in Section 3.07. 

“De Minimis Amount” means, as of the calculation date, an amount which is less than the greater of (i) Twenty-Five
Thousand Dollars ($25,000) or (ii) one percent (1%) of the aggregate principal amount of the Bonds Outstanding at the time of calculation. 

“Depositary” means, with respect to the Bonds of any series, or Tranche thereof, issuable or issued in whole or in part in
the form of one or more Global Bonds, the Person designated as Depositary by the Company pursuant to Sections 3.01(q) and 3.14 until a successor Depositary shall have become such pursuant to the applicable provisions of this Indenture,
and, thereafter, “Depositary” shall mean or include each Person who is then a Depositary hereunder, and if at any time there is more than one such Person, “Depositary” as used with respect to Bonds of any such series shall mean
the Depositary with respect to the Bonds of that series or Tranche. 
 “Deposited Cash” has the meaning specified in
Section 5.04. 
 “Diablo Canyon Lease” means that certain lease dated September 17, 1966,
between Eureka Energy Company, as lessor, and the Company, as lessee, which lease was originally entered into between Luigi Marre Land and Cattle Company, a California corporation, as lessor, and San Luis Obispo Bay Properties, Inc., a California
corporation, as lessee, a memorandum of which Lease was recorded September 21, 1966 in Volume 1410, Page 556, Official Records, San Luis Obispo County, California, and any supplements, assignments, modifications and amendments thereto. 

  
 -10- 

 “Diablo Canyon Property” means, collectively, (i) those leasehold
property interests described in the Diablo Canyon Lease, and (ii) those properties described on Exhibit B-6 hereto. 

“Discount Bond” means any Bond which provides for an amount less than the principal amount thereof to be due and payable upon
a declaration of acceleration of the Maturity thereof pursuant to Section 10.02. “Interest” with respect to a Discount Bond means interest, if any, borne by such Bond at a Stated Interest Rate. 

“Dollar” or “$” means a dollar or other equivalent unit in such coin or currency of the United States as at
the time shall be legal tender for the payment of public and private debts. 
 “Effective Date” has the meaning set forth
in the Plan. 
 “Eligible Obligations” means: 

(a)    with respect to Bonds denominated in Dollars, Government Obligations; or 

(b)    with respect to Bonds denominated in a currency other than Dollars or in a composite currency, such other
obligations or instruments as shall be specified with respect to such Bonds as contemplated by Section 3.01. 

“Environmental Remediation Sites” means those properties described on Exhibit
B-1 hereto. 
 “Event of Default” has the meaning specified in
Section 10.01. 
 “Excepted Property” has the meaning specified in the Granting Clauses of this
Indenture. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 

“Execution Date” means June 19, 2020. 

“Expert” means a Person which is an engineer, appraiser, Accountant or other expert and which, with respect to any
certificate to be signed by such Person and delivered to the Trustee, is qualified to pass upon the matters set forth in such certificate. For purposes of this definition, (a) “engineer” means a Person engaged in the engineering profession
or otherwise qualified to pass upon engineering matters (including, but not limited to, a Person licensed as a professional engineer, whether or not then engaged in the engineering profession) and (b) “appraiser” means a Person engaged in
the business of appraising property or otherwise qualified to pass upon the Fair Value or fair market value of property. 

“Expert’s Certificate” means a certificate signed by an Authorized Officer and by one or more Experts (which
Expert(s) (a) shall be selected either by the Board of Directors or by an Authorized Officer, the execution of such certificate by such Authorized Officer to be conclusive evidence of such selection, and (b) except as otherwise required
under the terms hereof to be Independent, may be an employee, an Affiliate or an employee of an Affiliate of the Company 

  
 -11- 

 
duly authorized either by the Board of Directors or by an Authorized Officer) and delivered to the Trustee. The amount stated in any Expert’s Certificate as to the Cost, Fair Value or fair
market value of property shall be conclusive and binding upon the Company, the Trustee and the Holders. 
 “Fair Value”,
with respect to property, means the fair value of such property as may be determined by reference to (a) the amount which would be likely to be obtained in an arm’s-length transaction with respect to
such property between an informed and willing buyer and an informed and willing seller, under no compulsion, respectively, to buy or sell, (b) the amount of investment with respect to such property which, together with a reasonable return
thereon, would be likely to be recovered through ordinary business operations or otherwise, (c) Cost, accumulated depreciation, and replacement or reproduction cost with respect to such property and/or (d) any other relevant factors;
provided, however, that (x) the Fair Value of property shall be determined without deduction for any Senior Liens on such property, and (y) the Fair Value to the Company of Property Additions shall not reflect any reduction
relating to the fact that such Property Additions may be of less value to a Person which is not the owner or operator of the Mortgaged Property or any portion thereof than to a Person which is such owner or operator. Fair Value of any property may
be determined, without physical inspection, by the use of accounting and engineering records and other data maintained by the Company (including on the basis of the Cost of such property) or otherwise available to the Expert certifying the same.

 “Funded Cash” has the meaning specified in Section 1.02. 

“Funded Property” has the meaning specified in Section 1.02. 

“Funded Property Basis” means, with respect to any Funded Property (including any Property Additions which have become Funded
Property under the terms of this Indenture), the Net Cost of such property or, if the Net Fair Value to the Company of such property at the time the same became Funded Property was certified to be an amount less than the Net Cost thereof, such Net
Fair Value, as so certified, in lieu of Net Cost. 
 “Funded Property Retired” means, with respect to any Funded Property,
(a) any such property that has been abandoned, destroyed, sold, lost through casualty or taken through the enforcement of the power of eminent domain or similar right or otherwise disposed of or released from the lien of this Indenture and
(b) Miscellaneous Personalty. Such property shall thereupon cease to be Funded Property under this Indenture but, as herein provided, may at any time thereafter again become Funded Property. Notwithstanding the foregoing or anything to the
contrary contained herein, neither any reduction in the Cost or book value of property recorded in the plant or other property account of the Company (other than with respect to Miscellaneous Personalty), nor the transfer of any amount appearing in
such account to intangible and/or adjustment accounts, otherwise than in connection with actual retirements of physical property that has been disposed of as provided above and otherwise than in connection with the removal of such property in its
entirety from the plant or property account, shall be deemed to constitute Funded Property Retired. 
 “General Office
Property” means those properties described on Exhibit B-2 hereto. 

  
 -12- 

 “Global Bond” means a Bond representing all or part of a series of Bonds,
or Tranche thereof, issued to the Depositary for such series or Tranche in accordance with Section 3.14, and bearing the legend prescribed in Section 3.14. 

“Governmental Authority” means the government of the United States or of any state or territory thereof or of the District of
Columbia or of any county, municipality or other political subdivision of any thereof, or any department, agency, authority or other instrumentality of any of the foregoing. 

“Government Obligations” means securities which are (a) (i) direct obligations of the United States where the payment or
payments thereunder are supported by the full faith and credit of the United States or (ii) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the United States where the timely payment or payments
thereunder are unconditionally guaranteed as a full faith and credit obligation by the United States or (b) depository receipts issued by a bank (as defined in Section 3(a)(2) of the Securities Act of 1933, as amended) as custodian with
respect to any such Government Obligation or a specific payment of interest on or principal of or other amount with respect to any such Government Obligation held by such custodian for the account of the holder of a depository receipt; provided,
that, (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depository receipt from any amount received by the custodian in respect of the Government Obligation or the
specific payment of interest on or principal of or other amount with respect to the Government Obligation evidenced by such depository receipt. 

“Holder” means a Person in whose name a Bond is registered in the Bond Register. 

“Hydro Property” means those properties described in Exhibit B-3 hereto. 

“Indenture” means this instrument as originally executed and as it may from time to time be supplemented or amended by one or
more indentures supplemental hereto entered into pursuant to the applicable provisions hereof, including, for all purposes of this instrument and any such supplemental indenture, the provisions of the Trust Indenture Act that are deemed to be a part
of and govern this Indenture and any such supplemental indenture, respectively. The term “Indenture” shall also include the provisions or terms of particular series of Bonds established in any Officer’s Certificate, Board Resolution
or Company Order delivered pursuant to Sections 2.01, 3.01 and 14.07. 
 “Independent”, when applied
to any Accountant, Expert or other specified Person, means such a Person who (a) does not have any direct or indirect material financial interest in the Company or in any other obligor upon the Bonds or in any Affiliate of the Company or of
such other obligor, (b) is not connected with the Company, an Affiliate of the Company or such other obligor as an officer, employee, promoter, underwriter, trustee, partner, director or any person performing similar functions and (c) is
appointed or selected by the Company and reasonably acceptable to the Trustee. 
 “Independent Expert’s Certificate”
means a certificate signed by an Independent Expert and delivered to the Trustee. 

  
 -13- 

 “Interest Payment Date”, when used with respect to any Bond, means the
Stated Maturity of an installment of interest on such Bond. 
 “Internal Revenue Code” means the Internal Revenue Code of
1986, as amended, or any successor federal statute. 
 “Investment Securities” means any of the following obligations or
investment property on which neither the Company, any other obligor on the Bonds nor any Affiliate of either is the obligor: (a) Government Obligations; (b) interest bearing deposit accounts (which may be represented by certificates of
deposit) in any national or state bank (which may include the Trustee or any Paying Agent) or savings association which has outstanding securities rated by a nationally recognized rating organization in either of the two (2) highest rating
categories (without regard to modifiers) for short-term securities or in any of the three (3) highest rating categories (without regard to modifiers) for long-term securities; (c) bankers’ acceptances drawn on and accepted by any
commercial bank (which may include the Trustee or any Paying Agent) which has outstanding securities rated by a nationally recognized rating organization in either of the two (2) highest rating categories (without regard to modifiers) for
short-term securities or in any of the three (3) highest rating categories (without regard to modifiers) for long-term securities; (d) direct obligations of, or obligations the principal of and interest on which are unconditionally
guaranteed by, any state or territory of the United States or the District of Columbia, or any political subdivision of any of the foregoing, which are rated by a nationally recognized rating organization in either of the two (2) highest rating
categories (without regard to modifiers) for short-term securities or in any of the three (3) highest rating categories (without regard to modifiers) for long-term securities; (e) bonds or other obligations of any agency or instrumentality
of the United States; (f) corporate debt securities which are rated by a nationally recognized rating organization in either of the two (2) highest rating categories (without regard to modifiers) for short-term securities or in any of the
three (3) highest rating categories (without regard to modifiers) for long-term securities; (g) repurchase agreements with respect to any of the foregoing obligations or securities with any banking or financial institution (which may
include the Trustee or any Paying Agent) which has outstanding securities rated by a nationally recognized rating organization in either of the two (2) highest rating categories (without regard to modifiers) for short-term securities or in any
of the three (3) highest rating categories (without regard to modifiers) for long-term securities; (h) securities issued by any regulated investment company (including any investment company for which the Trustee or any Paying Agent is the
advisor), as defined in Section 851 of the Internal Revenue Code or any such successor section of the Internal Revenue Code, provided that the portfolio of such investment company is limited to obligations or securities of the character and
investment quality contemplated in clauses (a) through (f) above and repurchase agreements which are fully collateralized by any of such obligations or securities; and (i) any other obligations or securities which may
lawfully be purchased by the Trustee in its capacity as such. 
 “LCC Conservations Easements” has the meaning specified in
clause (g) of the definition of “Permitted Liens.” 
 “LCC Settlement and Stipulation” means Settlement
Agreement of the Company as modified and approved by the Public Utilities Commission of the State of California in its Opinion and Order of December 18, 2003 and the Stipulation Resolving Issues Regarding the Land Conservation Commitment, dated
September 25, 2003, as filed with the Public Utilities Commission of the State of California. 

  
 -14- 

 “Lease Obligation” means, at the time any determination is to be made, the
amount of the liability in respect of a lease that would at that time be required to be capitalized on a balance sheet in accordance with generally accepted accounting principles. 

“Lien” means any mortgage, deed of trust, pledge, security interest, encumbrance, easement, lease, reservation, restriction,
servitude, charge or similar right and any other lien of any kind, including, without limitation, any conditional sale or other title retention agreement, any lease in the nature thereof, and any defect, irregularity, exception or limitation in
record title or, when the context so requires, any lien, claim or interest arising from any of the foregoing. 
 “Lien Effective
Date” has the meaning specified in Section 4.01. 
 “Make-Up Amount”
has the meaning specified in (i) Section 7.07(c)(ii)(C), when used in Section 7.07(c), or (ii) Section 8.04(c)(vii), when used in Section 8.04. 

“Maturity”, when used with respect to any Bond, means the date on which the principal of such Bond or an installment of
principal or any sinking fund payment becomes due and payable as provided in such Bond or in this Indenture, whether at the Stated Maturity, by declaration of acceleration, upon call for redemption or otherwise. 

“Minor Loss” means a particular loss by reason of fire damage with respect to any Mortgaged Property in an amount which is
less than the greater of (i) as to any loss occurring in calendar year 2020, Fifty Million Dollars ($50,000,000); provided, that with respect to any loss occurring in any subsequent calendar year, such amount shall be increased by the same
percentage increase in the CPI Index for the period commencing on January 1, 2020 and ending on January 1 of the calendar year in which such loss occurs, and (ii) three percent (3%) of the principal amount of Bonds Outstanding on the
date of such particular loss. 
 “Miscellaneous Personalty” means all of those personal property assets that, pursuant to
the Company’s then current accounting methods, are retired or removed from the Company’s plant or other property account (in the absence of actual physical abandonment, destruction, loss, sale or other disposition of such personal property
assets) on the basis of the “vintage” or age of such personal property assets regardless of whether or not, subsequent to such retirement or removal, such personal property assets actually remain in use by the Company (referred to herein
as “vintage retirement”). The types of personal property assets constituting “Miscellaneous Personalty” may change from time to time and will be determined solely by whether or not, under the Company’s then current
accounting methods, such personal property assets are subject to vintage retirement as described above. 
 “Mitigation
Property” means those properties described in Exhibit B-4 hereto. 

“Mortgaged Property” means the property described in Granting Clause First through Granting Clause Sixth of this Indenture,
other than Excepted Property. 

  
 -15- 

 “Net Cost” means, with respect to Funded Property and Unfunded Property, as
of the date of calculation thereof, the Cost of such property, less, if such property is subject to a Senior Lien, the lesser of (i) the outstanding principal amount of any Senior Lien Obligations as of the date of calculation of such Cost or
(ii) the Cost of such property. 
 “Net Fair Value” means, with respect to Funded Property and Unfunded Property, as
of the date of calculation thereof, the Fair Value of such property, less, if such property is subject to a Senior Lien, the lesser of (i) the outstanding principal amount of any Senior Lien Obligations as of the date of calculation of such
Fair Value or (ii) the Fair Value of such property. 
 “Notice of Default” has the meaning specified in
Section 10.01(c). 
 “Officer’s Certificate” means a certificate signed by an Authorized
Officer and delivered to the Trustee. 
 “Opinion of Counsel” means a written opinion of counsel, who may be counsel for
the Company or other counsel acceptable to the Trustee and who may be an employee, an Affiliate or an employee of an Affiliate of the Company. 

“Outstanding”, when used with respect to Bonds, means, as of the date of determination, all Bonds theretofore authenticated
and delivered under this Indenture, except: 
 a)    Bonds theretofore canceled or delivered to the Bond Registrar or
the Trustee for cancellation; 
 b)    Bonds deemed to have been paid for all purposes of this Indenture in accordance
with Section 9.01 (whether or not the Company’s indebtedness in respect thereof shall be satisfied and discharged for any other purpose); and 

c)    Bonds, the principal of, premium, if any, and interest, if any, on which have been fully paid pursuant to the third
paragraph of Section 3.06 or in exchange for or in lieu of which other Bonds have been authenticated and delivered pursuant to this Indenture, other than any such Bonds in respect of which there shall have been presented to
the Trustee proof satisfactory to it and the Company that such Bonds are held by a protected purchaser; 
 provided, however,
that in determining whether or not the Holders of the requisite principal amount of the Bonds Outstanding under this Indenture, or the Outstanding Bonds of any series or Tranche, have given any request, demand, authorization, direction, notice,
consent or waiver hereunder or whether or not a quorum is present at a meeting of Holders of Bonds, 

(x)    Bonds owned by the Company or any other obligor upon the Bonds or any Affiliate of the Company or of
such other obligor (unless the Company, such obligor and/or such Affiliate owns all Bonds Outstanding under this Indenture, or all Outstanding Bonds of each such series and each such Tranche, as the case may be, determined without regard to this
clause (x)) shall be disregarded and deemed not to be Outstanding, except that, in determining whether the Trustee shall be protected in relying upon any such request, demand, 

  
 -16- 

 
authorization, direction, notice, consent or waiver or upon any such determination as to the presence of a quorum, only Bonds which the Trustee actually knows to be so owned shall be so
disregarded; provided, however, that Bonds so owned which have been pledged in good faith may be regarded as Outstanding if it is established to the reasonable satisfaction of the Trustee that the pledgee, and not the Company, any such
other obligor or Affiliate of either thereof, has the right so to act with respect to such Bonds and that the pledgee is not the Company or any other obligor upon the Bonds or any Affiliate of the Company or of such other obligor; and
provided, further, that in no event shall any Bond which shall have been delivered to evidence, enhance or secure, in whole or in part, the Company’s obligations in respect of other indebtedness be deemed to be owned by the
Company if the principal of such Bond is payable, whether at Stated Maturity or upon mandatory redemption, at the same time as the principal of such other indebtedness is payable, whether at Stated Maturity or upon mandatory redemption or
acceleration, but only to the extent of such portion of the principal amount of such Bond as does not exceed the principal amount of such other indebtedness (and any such Bond described in this proviso may also evidence, enhance or secure, and the
principal amount may include, the obligations of the Company under Swap Agreements and cash management agreements but the principal amount of any such Bond that shall be deemed to be Outstanding at any time for all purposes of this Indenture shall
be the principal amount thereof that corresponds to the principal amount of the other indebtedness); and 

(y)    the principal amount of a Discount Bond that shall be deemed to be Outstanding for such purposes
shall be the amount of the principal thereof that would be due and payable as of the date of such determination upon a declaration of acceleration of the Maturity thereof pursuant to Section 10.02; and 

provided, further, that, in the case of any Bond the principal of which is payable from time to time without presentment or
surrender, the principal amount of such Bond that shall be deemed to be Outstanding at any time for all purposes of this Indenture shall be the original principal amount thereof less the aggregate amount of principal thereof theretofore paid, unless
otherwise specified pursuant to Section 3.01. 
 “Paying Agent” means any Person, including the
Company, authorized by the Company to pay the principal of and premium, if any, or interest, if any, on any Bonds on behalf of the Company. 

“Periodic Offering” means an offering of Bonds of a series from time to time any or all of the specific terms of which Bonds,
including, without limitation, the rate or rates of interest, if any, thereon, the Stated Maturity or Maturities thereof and the redemption provisions, if any, with respect thereto, are to be determined by the Company or its agents from time to time
subsequent to the initial request for the authentication and delivery of such Bonds by the Trustee, all as contemplated in Section 3.01 and Section 5.01(b). 

  
 -17- 

 “Permitted Liens” means, as of any particular time, any of the following:

 (a)    to the extent the Company consolidates with, or merges into, another entity, Liens on the assets of such
entity in existence on the date of such consolidation or merger and securing debt of such entity, provided that such debt and Liens were not created or incurred in anticipation of such consolidation or merger and do not extend to any other Mortgaged
Property of the Company in existence immediately prior to the consolidation or merger; 
 (b)    as to property acquired
by the Company after the Execution Date, Liens existing or placed thereon at the time of the acquisition thereof, provided that such Liens do not extend to any other Mortgaged Property; 

(c)    Liens for taxes, assessments and other governmental charges or requirements which are not delinquent or which are
being contested in good faith by appropriate proceedings; 
 (d)    mechanics’, workmen’s, vendors’,
repairmen’s, materialmen’s, warehousemen’s and carriers’ Liens, inchoate Liens, other Liens incident to construction, Liens or privileges of any employees of the Company for salary or wages earned, but not yet payable, and other
Liens, including, without limitation, Liens for workers’ compensation awards, arising in the ordinary course of business for charges or requirements which are not delinquent or which are being contested in good faith and by appropriate
proceedings; 
 (e)    Liens in respect of attachments, judgments or awards arising out of judicial or administrative
proceedings (i) in an amount not exceeding the greater of (A) Ten Million Dollars ($10,000,000) to the extent in existence in calendar year 2020; provided, that, with respect to any such Liens in existence in any subsequent calendar year,
such amount shall be increased by the percentage increase in the CPI Index for the period commencing on January 1, 2020, and ending on January 1 of the applicable calendar year and (B) three percent (3%) of the principal amount of the
Bonds then Outstanding or (ii) with respect to which the Company shall (A) in good faith be prosecuting an appeal or other proceeding for review and with respect to which the Company shall have secured a stay of execution pending such
appeal or other proceeding or (B) have the right to prosecute an appeal or other proceeding for review; 

(f)    easements, encumbrances, leases, reservations, restrictions or other rights of others in, on, over and/or across,
and laws, regulations and restrictions affecting, and defects, irregularities, exceptions and limitations in title to, the Mortgaged Property or any part thereof; provided, however, that such easements, encumbrances, leases,
reservations, rights, laws, regulations, restrictions, defects, irregularities, exceptions and limitations (A) do not, in the opinion of the Company, materially impair the use by the Company of the Mortgaged Property considered as a whole for
the purposes for which it is held by the Company or (B) have been insured over by a lender’s policy of title insurance in favor of the Trustee, as mortgagee; 

(g)    conservation easements granted by the Company in accordance with the LCC Settlement and Stipulation (the
“LCC Conservation Easements”); 

  
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 (h)    defects, irregularities, exceptions and limitations in title to
real property subject to rights-of-way or other similar rights in favor of the Company or used or to be used by the Company primarily for
right-of-way purposes or real property held under lease, easement, license or similar right; provided, however, that (i) the Company shall have
obtained from the apparent owner or owners of such real property a sufficient right, by the terms of the instrument granting such right-of-way, lease, easement, license
or similar right, to the use thereof for the purposes for which the Company acquired the same, (ii) such defects, irregularities, exceptions or limitations are subordinated to the interest of the Company in such real property; (iii) the
Company has power under eminent domain or similar statutes to remove such defects, irregularities, exceptions or limitations to the extent such defects, irregularities, exceptions or limitations affect the interest of the Company therein, or
(iv) such defects, irregularities, exceptions and limitations may be otherwise remedied without undue effort or expense; and defects, irregularities, exceptions and limitations in title to flood lands, flooding rights and/or water rights; 

(i)    Liens upon real property or rights in or relating to real property for the purpose of the distribution of
electricity or gas, for the purpose of telephonic, telegraphic, radio, wireless or other electronic communication or otherwise for the purpose of obtaining
rights-of-way, which Liens secure or evidence indebtedness or other obligations neither created, assumed nor guaranteed by the Company nor on account of which it
customarily pays interest; 
 (j)    leases, license, or occupancy agreements existing at the Execution Date, affecting
Mortgaged Properties owned by the Company at said date and renewals and extensions thereof; and leases, license, or occupancy agreements affecting such Mortgaged Properties entered into after the Execution Date or affecting Mortgaged Properties
acquired by the Company after such date which, in either case, (i) have respective terms of not more than ten (10) years (including extensions or renewals at the option of the tenant) or (ii) do not materially impair the use by the
Company of such properties for the respective purposes for which they are held by the Company; 
 (k)    Liens vested in
lessors, licensors, franchisors or permittors for rent or other amounts to become due or for other obligations or acts to be performed, the payment of which rent or other amounts or the performance of which other obligations or acts is required
under leases, subleases, licenses, franchises or permits, so long as the payment of such rent or other amounts or the performance of such other obligations or acts is not delinquent or is being contested in good faith and by appropriate proceedings;

 (l)    controls, restrictions, obligations, duties and/or other burdens imposed by federal, state, municipal or other
law, or by rules, regulations or orders of Governmental Authorities upon the Mortgaged Property or any part thereof or the operation or use thereof or upon the Company with respect to the Mortgaged Property or any part thereof or the operation or
use thereof or with respect to any franchise, grant, license, permit or public purpose requirement, or any rights reserved to or otherwise vested in Governmental Authorities to impose any such controls, restrictions, obligations, duties and/or other
burdens; 
 (m)    rights which Governmental Authorities may have by virtue of franchises, grants, licenses, permits or
contracts, or by virtue of law, to purchase, recapture or designate a purchaser of or order the sale of the Mortgaged Property or any part thereof, to terminate franchises, grants, licenses, permits, contracts or other rights or to regulate the
property and business of the Company; and any and all obligations of the Company correlative to any such rights; 

  
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 (n)    Liens required by law or governmental regulations (i) as a
condition to the transaction of any business or the exercise of any privilege or license, (ii) to enable the Company to maintain self-insurance or to participate in any funds established to cover any insurance risks, (iii) in connection
with workers’ compensation, unemployment insurance, social security, any pension or welfare benefit plan or (iv) to share in the privileges or benefits required for companies participating in one or more of the arrangements described in
clauses (ii) and (iii) above; 
 (o)    Liens on the Mortgaged Property or any part thereof which are
granted by the Company to secure duties or public or statutory obligations or to secure, or serve in lieu of, surety, stay or appeal bonds; 

(p)    rights reserved to or vested in others to take or receive any part of any coal, ore, gas, oil and other minerals,
any timber and/or any electric capacity or energy, gas, water, steam and any other products, developed, produced, manufactured, generated, purchased or otherwise acquired by the Company or by others on property of the Company; 

(q)    (i) rights and interests of Persons other than the Company arising out of contracts, agreements and other
instruments to which the Company is a party and which relate to the common ownership or joint use of property; and (ii) all Liens on the interests of Persons other than the Company in property owned in common by such Persons and the Company if
and to the extent that the enforcement of such Liens would not adversely affect the interests of the Company in such property in any material respect; 

(r)    any restrictions on transfer or assignment and/or requirements of any assignee to qualify as a permitted transferee
or assignee and/or a public utility or public service corporation; 
 (s)    any Liens (A) which have been bonded
over for the full amount in dispute or (B) for the payment of which other adequate security arrangements have been made; 

(t)    rights and interests granted pursuant to Section 8.02(c); 

(u)    Prepaid Liens; 

(v)    Purchase Money Liens on Mortgaged Property, but only to the extent the Company requests the subordination of the
lien of this Indenture pursuant to Section 8.11; 
 (w)    Liens contemplated by the Plan;

 (x)    any Lien incurred in connection with the issuance of Qualified Securitization Bonds; 

(y)    [RESERVED]; 

  
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 (z)    any other Liens which are in existence on the Execution Date and
the aggregate principal amount thereof does not exceed Thirty Million Dollars ($30,000,000); 
 (aa)    any other Liens
of whatever nature or kind which then outstanding principal amounts do not, in the aggregate, exceed Sixty Five Million Dollars ($65,000,000) to the extent in existence in calendar year 2020, provided that with respect to any such Liens in existence
in any subsequent calendar year, such amount shall be increased by the percentage increase in the CPI Index for the period commencing on January 1, 2020 and ending on January 1 of the applicable calendar year; and 

(bb)    the Lien in favor of the Trustee pursuant to Section 11.07. 

“Person” means any individual, corporation, limited liability partnership, joint venture, trust or unincorporated
organization, or any other entity, whether or not a legal entity, or any Governmental Authority. 
 “Place of Payment”,
when used with respect to Bonds of any series, or any Tranche thereof, means the place or places, specified as contemplated by Section 3.01, at which the principal of and premium, if any, and interest, if any, on the Bonds
of such series or Tranche are payable, subject, in either case, to Section 7.02. 
 “Plan” means
the Debtors’ and Shareholder Proponents Joint Plan of Chapter 11 Reorganization Dated December 12, 2019 (as amended on January 31, 2020, March 9, 2020, March 16, 2020, May 22, 2020, in draft form as filed with the
United States Bankruptcy Court for the Northern District of California on June 14, 2020) filed by the Company and PG&E Corporation with the United States Bankruptcy Court for the Northern District of California (as may be modified, amended,
or supplemented from time to time, and together with all exhibits and schedules thereto). 
 “Pledged Securities” means
securities which are made the basis for the authentication and delivery of Bonds under Section 5.02, the release of Funded Property under Section 8.03 or the withdrawal of Funded Cash pursuant to
Section 5.04 or Section 8.07. 
 “Predecessor Bond” of any particular
Bond means every previous Bond evidencing all or a portion of the same debt as that evidenced by such particular Bond; and, for the purposes of this definition, any Bond authenticated and delivered under Section 3.06 in
exchange for or in lieu of a mutilated, destroyed, lost or stolen Bond shall be deemed (to the extent lawful) to evidence the same debt as the mutilated, destroyed, lost or stolen Bond. 

“Prepaid Lien” means any Lien securing indebtedness for the payment, prepayment or redemption of which there shall have been
irrevocably deposited in trust with the trustee or other holder of such Lien moneys and/or investment property which (together with the interest reasonably expected to be earned from the investment and reinvestment in investment property of the
moneys and/or the principal of and interest on the investment property so deposited) shall be sufficient for such purpose; provided, however, that if such indebtedness is to be redeemed or otherwise prepaid prior to the Stated Maturity
thereof, any notice requisite to such redemption or prepayment shall have been given in accordance with the instrument creating such Lien or irrevocable instructions to give such notice shall have been given to such trustee or other holder. 

  
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 “Property Additions” has the meaning specified in
Section 1.03. 
 “Property Additions Basis” means, with respect to any Property Additions which
constitute Unfunded Property, the lesser of the Net Cost or Net Fair Value to the Company of any such Property Additions as of the date such amount is certified to the Trustee in writing. 

“Purchase Money Lien” means, with respect to any property being acquired or disposed of by the Company or being released from
the lien of this Indenture, a Lien on such property which: 
 (a)    is taken or retained by the transferor of such
property to secure all or part of the purchase price thereof; 
 (b)    is granted to one or more Persons other than the
transferor which, by making advances or incurring an obligation, give value to enable the grantor of such Lien to acquire rights in or the use of such property; 

(c)    is granted to any other Person in connection with the release of such property from the lien of this Indenture on
the basis of the deposit with the Trustee of obligations secured by such Lien on such property (as well as any other property subject thereto); 

(d)    is held by a trustee or agent for the benefit of one or more Persons described in clause (a), (b) and/or
(c) above, provided that such Lien may be held, in addition, for the benefit of one or more other Persons which shall have theretofore given, or may thereafter give, value to or for the benefit or account of the grantor of such Lien for one or
more other purposes; or 
 (e)    otherwise constitutes a purchase money mortgage or a purchase money security interest
under applicable law; 
 and, without limiting the generality of the foregoing, for purposes of this Indenture, the term Purchase Money Lien shall be deemed
to include any Lien described in clauses (a) through (e) above whether or not such Lien (x) shall permit the issuance or other incurrence of additional indebtedness secured by such Lien on such property, (y) shall permit
the subjection to such Lien of additional property and the issuance or other incurrence of additional indebtedness on the basis thereof and/or (z) shall have been granted prior to the acquisition, disposition or release of such property, shall
attach to or otherwise cover property other than the property being acquired, disposed of or released and/or shall secure obligations issued prior and/or subsequent to the issuance of the obligations delivered in connection with such acquisition,
disposition or release, in each case so that the secured party may be cross-collateralized to other financings of the type described in clauses (a) through (e) above provided by such secured party or its affiliates. 

“Purchase Money Obligations” are those obligations secured by a Purchase Money Lien. 

“Qualified Securitization Bond Issuer” means, with respect to the Company, (i) the Company or (ii) a Subsidiary of
the Company formed and operating solely for the purpose of (A) purchasing and owning property created under a “financing order” (as such term is defined in the 

  
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California Public Utilities Code) or similar order issued by the California Public Utilities Commission, (B) issuing such securities pursuant to such order, (C) pledging its interests
in such property to secure such securities and (D) engaging in activities ancillary to those described in (A), (B) and (C). 

“Qualified Securitization Bonds” of the Company means securities, however denominated, that are (i) issued by a
Qualified Securitization Bond Issuer, (ii) secured by or otherwise payable from charges authorized by the financing order referred to in clause (ii)(A) of the definition of “Qualified Securitization Bond Issuer,” and (iii) non-recourse to the Company or any of its Subsidiaries (other than the issuer of such securities). 

“Redemption Date”, when used with respect to any Bond to be redeemed, means the date fixed for such redemption by or pursuant
to this Indenture. 
 “Redemption Price”, when used with respect to any Bond to be redeemed, means the price at which it is
to be redeemed pursuant to this Indenture which price shall include principal of and premium, if any, payable on such Bond but shall not include any accrued interest payable with respect to such Bond. 

“Regular Record Date” for the interest payable on any Interest Payment Date on the Bonds of any series means the date
specified for that purpose as contemplated by Section 3.01. 
 “Required Currency” has the
meaning specified in Section 3.11. 
 “Responsible Officer”, when used with respect to the
Trustee, means any officer of the Trustee with direct responsibility for the administration of this Indenture and also means, with respect to a particular corporate trust matter, any other officer of the Trustee to whom such matter is referred
because of such officer’s knowledge of and familiarity with the particular subject. 
 “Retired Bonds” means any Bonds
authenticated and delivered under this Indenture which (i) no longer remain Outstanding by reason of the applicability of clause (a) or (b) in the definition of “Outstanding” (other than any Predecessor Bond of any
Bond), (ii) have not been made the basis under any of the provisions of this Indenture of one or more Authorized Purposes and (iii) have not been paid, redeemed, purchased or otherwise retired by the application thereto of Funded Cash. 

“Senior Lien” means, with respect to all or any portion of the Mortgaged Property, a Permitted Lien which is prior to the
lien of this Indenture. 
 “Senior Lienholder” means any trustee or other holder of a Senior Lien. 

“Senior Lien Obligations” means any Purchase Money Obligation secured by a Purchase Money Lien that is a Senior Lien and any
other indebtedness of the Company for borrowed money secured by a Senior Lien. 
 “Special Record Date” for the payment of
any Defaulted Interest on the Bonds of any series means a date fixed by the Trustee pursuant to Section 3.07. 

  
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 “Stated Interest Rate” means a rate (whether fixed or variable) at which an
obligation by its terms is stated to bear simple interest. Any calculation or other determination to be made under this Indenture by reference to the Stated Interest Rate on an obligation shall be made (a) if the Company’s obligations in
respect of any other indebtedness shall be evidenced, enhanced or secured in whole or in part by such obligation, by reference to the lower of the Stated Interest Rate on such obligation and the Stated Interest Rate on such other indebtedness and
(b) without regard to the effective interest cost to the Company of such obligation or of any such other indebtedness. 

“Stated Maturity”, when used with respect to any obligation (including any Bond of any series) or any installment of
principal thereof or interest thereon, means the date on which the principal of such obligation or such installment of principal or interest is stated to be due and payable (without regard to any provisions for redemption, prepayment, acceleration,
purchase or extension). 
 “Subsidiary” means (i) any corporation at least a majority of the outstanding voting stock
or interest of which is owned, directly or indirectly, by the Company or by one or more Subsidiaries, or by the Company and one or more Subsidiaries or (ii) any other Person (other than a corporation) of which the Company and/or one or more
Subsidiaries has at least a majority ownership and power to direct the policies, management and affairs; provided, however, that Qualified Securitization Bonds Issuers and Subsidiaries of Qualified Securitization Bond Issuers shall not be deemed to
be Subsidiaries of the Company. For the purposes of this definition, “voting stock” means stock having voting power for the election of directors, whether at all times or only so long as no senior class of stock has such voting power by
reason of any contingency. 
 “Successor Corporation” has the meaning specified in Section 13.01.

 “Supplemental Indenture” or “Indenture Supplemental Hereto” means an instrument supplementing or
amending this Indenture executed and delivered pursuant to Article XIV. 
 “Surplus Property” means those properties
described in Exhibit B-5 hereto. 
 “Swap Agreement” means any agreement
with respect to any swap, forward, future or derivative transaction or option or similar agreement involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or
pricing indices or measures of economic, financial or pricing risk or value or any similar transaction or any combination of these transactions. 

“Tranche” means a group of Bonds which (a) are of the same series and (b) have identical terms except as to
principal amount, date of issuance, initial Interest Payment Date and/or initial interest accrual date. 
 “Trust Indenture
Act” means, as of any time, the Trust Indenture Act of 1939 or any successor statute, as in effect at such time. 

“Trustee” means the Person named as the “Trustee” in the first paragraph of this Indenture until a successor
trustee shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Trustee” shall mean the Person which shall have become a 

  
 -24- 

 
successor trustee pursuant to the applicable provisions of this Indenture, and, if at any time there is more than one Person acting as trustee hereunder, “Trustee” shall mean each such
Person so acting. 
 “Unfunded Property” means that portion of the Mortgaged Property which does not constitute Funded
Property or Funded Cash. 
 “United States” means the United States of America, its territories, its possessions and other
areas subject to its political jurisdiction. 
 SECTION 1.02.    FUNDED PROPERTY; FUNDED CASH. 

“Funded Property” means that portion of the Mortgaged Property which consists of: 

(a)    all Property Additions to the extent that the same shall have been made the basis of the authentication and
delivery of Bonds under this Indenture pursuant to Section 5.02; 
 (b)    all Property
Additions to the extent that the same shall have been made the basis of the release of Funded Property from the lien of this Indenture pursuant to Section 8.03; 

(c)    all Property Additions to the extent that the same shall have been substituted for Funded Property Retired pursuant
to Section 7.07 or 8.02; 
 (d)    all Property Additions to the extent that the same
shall have been made the basis of the withdrawal of cash held by the Trustee pursuant to Section 5.04, 7.07(b) or 8.07; and 

(e)    all Property Additions to the extent that the same shall have been used as the basis of a credit against, or
otherwise in satisfaction of, the requirements of any sinking, improvement, maintenance, replacement or similar fund or analogous provision established with respect to the Bonds of any series, or any Tranche thereof, as contemplated by
Section 3.01; provided, however, that any such Property Additions shall cease to be Funded Property when all of the Bonds of such series or Tranche shall cease to be Outstanding. 

In the event that in any certificate filed with the Trustee in connection with any of the Property Additions referred to in clauses
(a), (b), (c), (d) and (e) of this Section, only a part of the Property Additions Basis of the Property Additions described in such certificate shall be required for the purposes of such certificate, then such
Property Additions shall be deemed to be Funded Property only to the extent so required for the purpose of such certificate. 
 The Company
may make allocations, on a pro-rata or other reasonable basis (including, but not limited to, the designation of specific properties or the designation of all or a specified portion of the properties reflected
in one or more generic accounts or subaccounts in the Company’s books of account), for the purpose of determining the extent to which fungible properties, or other properties not otherwise identified, reflected in the same generic account or
subaccount in the Company’s books of account (collectively, “generic properties”) constitute Funded Property or Funded Property Retired. To the extent that such generic properties within any such generic account or subaccount
constitute in part Funded Property and in part Unfunded Property, (i) any disposition of such generic properties shall, unless otherwise specified by the 

  
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Company, be deemed to be a disposition of that portion of the generic properties which constitutes Unfunded Property prior to any disposition of such portion which constitutes Funded Property and
(ii) any addition of property to such generic account or subaccount shall, unless otherwise specified by the Company, be deemed to be Unfunded Property. 

“Funded Cash” means that portion of the Mortgaged Property which consists of: 

(a)    cash, held by the Trustee hereunder, to the extent that it represents the proceeds of insurance on account of a
loss on or with respect to Funded Property (except as otherwise provided in Section 7.07), or cash deposited in connection with the release of Funded Property pursuant to Article VIII, or the payment of the principal
of, or the proceeds of the release of, Purchase Money Obligations delivered to the Trustee pursuant to Article VIII, all subject, however, to the provisions of Section 7.07 and Section 8.07;
and 
 (b)    any Deposited Cash. 

SECTION 1.03.    PROPERTY ADDITIONS; COST. 

(a)    “Property Additions” means, as of any particular time, any item, unit or element of property which
(i) at such time is owned by the Company, and (ii) constitutes Mortgaged Property; provided, however, that Property Additions shall not include: 

(i)    goodwill, going concern value rights or intangible property except as provided in subsection
(c) of this Section; or 
 (ii)    any property the cost of acquisition or construction of which
is, in accordance with generally accepted accounting principles, properly chargeable to an operating expense account of the Company at the time of such acquisition or construction. 

(b)    When any Property Additions which constitute Unfunded Property are certified to the Trustee as the basis of any
Authorized Purpose (except as otherwise provided in Section 8.03 and Section 8.07), 

(i)    there shall be deducted from the Property Additions Basis thereof an amount equal to the Funded
Property Basis of all Funded Property Retired to the date of such certification (other than the Funded Property, if any, in connection with the application for the release of which such certificate is filed) and not theretofore deducted from the
Property Additions Basis of Property Additions theretofore certified to the Trustee, and 
 (ii)    there
may, at the option of the Company, be added to such Property Additions Basis, the sum of 
 (A)    the
principal amount of any Purchase Money Obligations, not theretofore so added and which the Company then elects so to add, which shall theretofore have been delivered to the Trustee as the basis of the release of Funded Property Retired from the lien
of this Indenture; 

  
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(B)    ten-sevenths (10/7ths) of the amount of any cash, not
theretofore so added and which the Company then elects so to add, which shall theretofore have been delivered to the Trustee as the proceeds of insurance on Funded Property Retired (to the extent of the portion thereof deemed to be Funded Cash) or
as the basis of the release of Funded Property Retired from the lien of this Indenture; 

(C)    ten-sevenths (10/7ths) of the principal amount of any Bond
or Bonds, or portion of such principal amount, not theretofore so added and which the Company then elects so to add, (I) which shall theretofore have been delivered to the Trustee as the basis of the release of Funded Property Retired or
(II) the right to the authentication and delivery of which under the provisions of Section 5.03 shall at any time theretofore have been waived under Section 8.03(d)(ii)(C) as the basis of the
release of Funded Property Retired; 
 (D)    the Adjusted Funded Property Basis of any Property
Additions, not theretofore so added and which the Company then elects so to add, which shall theretofore have been made the basis of the release of Funded Property Retired pursuant to Section 8.03; and 

(E)    the Net Cost to the Company of any Property Additions, not theretofore so added and which the
Company then elects so to add, to the extent that the same shall have been substituted for Funded Property Retired; 
 provided, however, that
the aggregate of the amounts added under clause (ii) above shall in no event exceed the amounts deducted under clause (i) above. 

(c)    Except as otherwise provided in Section 8.03, the term “Cost” with respect to
Property Additions shall mean the sum of (i) any cash delivered in payment therefor or for the acquisition thereof, (ii) an amount equivalent to the fair market value in cash (as of the date of delivery) of any securities or other property
delivered in payment therefor or for the acquisition thereof, (iii) the principal amount of any obligations secured by a Lien upon such Property Additions outstanding at the time of the acquisition thereof, (iv) the principal amount of any
other obligations incurred or assumed in connection with the payment for such Property Additions or for the acquisition thereof, which obligations are not otherwise secured by a Lien on such Property Additions, and (v) any other amounts which,
in accordance with generally accepted accounting principles, are properly charged or chargeable to the plant or other property accounts of the Company with respect to such Property Additions as part of the cost of construction or acquisition
thereof, including, but not limited to, any allowance for funds used during construction or any similar or analogous amount, and construction work in progress; provided, however, that, notwithstanding any other provision of this
Indenture, 
 (A)    with respect to Property Additions owned by a Successor Corporation immediately
prior to the time it shall have become such by consolidation or merger or acquired by a Successor Corporation in or as a result of a consolidation or merger (excluding, in any case, Property Additions owned by the Company immediately prior to such
time), Cost shall mean the amount or 

  
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amounts at which such Property Additions are recorded in the plant or other property accounts of such Successor Corporation, or the predecessor entity from which such Property Additions are
acquired, as the case may be, immediately prior to such consolidation or merger; 
 (B)    with respect
to Property Additions which shall have been acquired (otherwise than by construction) by the Company without any consideration consisting of cash, securities or other property or the incurring or assumption of indebtedness, no determination of Cost
shall be required, and, wherever in this Indenture provision is made for Cost or Fair Value, Cost with respect to such Property Additions shall mean an amount equal to the Fair Value to the Company thereof or, if greater, the aggregate amount
reflected in the Company’s books of account with respect thereto upon the acquisition thereof; and 

(C)    in no event shall the Cost of Property Additions be required to reflect (i) any depreciation or
amortization in respect of such Property Additions, (ii) any adjustment to the amount or amounts at which such Property Additions are recorded in plant or other property accounts due to the
non-recoverability of investment or otherwise, or (iii) at the election of the Company, reductions for contributions in aid of construction. 

If any Property Additions are shown by the Expert’s Certificate provided for in Section 5.02(b)(ii) to include
Acquired Facilities, the Cost thereof need not be reduced by any amount in respect of any goodwill, going concern value rights and/or intangible property simultaneously acquired for which no separate or distinct consideration shall have been paid or
apportioned, and in such case the term Property Additions as defined herein may include such goodwill, going concern value rights and intangible property. 

SECTION 1.04.    COMPLIANCE CERTIFICATES AND OPINIONS. 

Except as otherwise expressly provided in this Indenture, upon any application or request by the Company to the Trustee to take any action
under any provision of this Indenture, the Company shall furnish to the Trustee an Officer’s Certificate stating that all conditions precedent, if any, provided for in this Indenture relating to the proposed action have been complied with and
an Opinion of Counsel stating that in the opinion of such counsel all such conditions precedent, if any, have been complied with, it being understood that in the case of any such application or request as to which the furnishing of such documents is
specifically required by any provision of this Indenture relating to such particular application or request, no additional certificate or opinion need be furnished. 

Every certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture (other than the
certificates provided pursuant to Section 7.10) shall include: 
 (a)    a statement that each
Person signing such certificate or opinion has read such covenant or condition and the definitions herein relating thereto; 

  
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 (b)    a brief statement as to the nature and scope of the examination
or investigation upon which the statements or opinions contained in such certificate or opinion are based; 
 (c)    a
statement that, in the opinion of each such Person, such Person has made such examination or investigation as is necessary to enable such Person to express an informed opinion as to whether or not such covenant or condition has been complied with;
and 
 (d)    a statement as to whether, in the opinion of each such Person, such condition or covenant has been
complied with. 
 SECTION 1.05.    CONTENT AND FORM OF DOCUMENTS DELIVERED TO TRUSTEE. 

Any Officer’s Certificate may be based (without further examination or investigation), insofar as it relates to or is dependent upon legal
matters, upon an opinion of, or representations by, counsel, and, insofar as it relates to or is dependent upon matters which are subject to verification by Accountants, upon a certificate or opinion of, or representations by, an Accountant, and,
insofar as it relates to or is dependent upon matters which are required in this Indenture to be covered by a certificate or opinion of, or representations by, an Expert, upon the certificate or opinion of, or representations by, an Expert, unless,
in any case, such officer has actual knowledge that the certificate or opinion or representations with respect to the matters upon which such Officer’s Certificate may be based as aforesaid are erroneous. 

Any Expert’s Certificate may be based (without further examination or investigation), insofar as it relates to or is dependent upon legal
matters, upon an opinion of, or representations by, counsel, and insofar as it relates to or is dependent upon factual matters, information with respect to which is in the possession of the Company and which are not subject to verification by
Experts, upon a certificate or opinion of, or representations by, an officer or officers of the Company, unless such Expert has actual knowledge that the certificate or opinion or representations with respect to the matters upon which his
certificate or opinion may be based as aforesaid are erroneous. 
 Any certificate of an Accountant may be based (without further
examination or investigation), insofar as it relates to or is dependent upon legal matters, upon an opinion of, or representations by, counsel, and insofar as it relates to or is dependent upon factual matters, information with respect to which is
in the possession of the Company and which are not subject to verification by Accountants, upon a certificate of, or representations by, an officer or officers of the Company, unless such Accountant has actual knowledge that the certificate or
opinion or representations with respect to the matters upon which his certificate or opinion may be based as aforesaid are erroneous. 
 Any
Opinion of Counsel may be based (without further examination or investigation), insofar as it relates to or is dependent upon factual matters, information with respect to which is in the possession of the Company, upon a certificate of, or
representations by, an officer or officers of the Company, and, insofar as it relates to or is dependent upon matters which are subject to verification by Accountants, upon a certificate or opinion of, or representations by, an

  
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Accountant, and, insofar as it relates to or is dependent upon matters required in this Indenture to be covered by a certificate or opinion of, or representations by, an Expert, upon the
certificate or opinion of, or representations by, an Expert, unless such counsel has actual knowledge that the certificate or opinion or representations with respect to the matters upon which his opinion may be based as aforesaid are erroneous. In
addition, any Opinion of Counsel may be based (without further examination or investigation), insofar as it relates to or is dependent upon matters covered in an Opinion of Counsel rendered by other counsel, upon such other Opinion of Counsel,
unless such counsel has actual knowledge that the Opinion of Counsel rendered by such other counsel with respect to the matters upon which his Opinion of Counsel may be based as aforesaid are erroneous. Further, any Opinion of Counsel with respect
to the status of title to or the sufficiency of descriptions of property, and/or the existence, perfection or priority of Liens thereon, and/or the recording or filing of documents, and/or any similar matters, may be based (without further
examination or investigation) upon (i) title insurance policies or commitments and reports, abstracts of title or lien search reports or certificates and other similar documents or (ii) certificates of, or representations by, officers,
employees, agents and/or other representatives of the Company or (iii) any combination of the documents referred to in (i) and (ii), unless, in any case, such counsel has actual knowledge that the document or documents with respect to the
matters upon which his opinion may be based as aforesaid are erroneous. If, in order to render any Opinion of Counsel provided for herein, the signer thereof shall deem it necessary that additional facts or matters be stated in any Officer’s
Certificate, certificate of an Accountant or Expert’s Certificate provided for herein, then such certificate may state all such additional facts or matters as the signer of such Opinion of Counsel may request. 

In any case where several matters are required to be certified by, or covered by an opinion of, any specified Person, it is not necessary that
all such matters be certified by, or covered by the opinion of, only one such Person, or that they be so certified or covered by only one document, but one such Person may certify or give an opinion with respect to some matters and one or more other
such Persons as to other matters, and any such Person may certify or give an opinion as to such matters in one or several documents. Where (i) any Person is required to make, give or execute two or more applications, requests, consents,
certificates, statements, opinions or other instruments under this Indenture or (ii) two or more Persons are each required to make, give or execute any such application, request, consent, certificate, statement, opinion or other instrument, any
such applications, requests, consents, certificates, statements, opinions or other instruments may, but need not, be consolidated and form one instrument. 

Whenever, subsequent to the receipt by the Trustee of any Board Resolution, Officer’s Certificate, Expert’s Certificate, Opinion of
Counsel or other document or instrument, a clerical, typographical or other inadvertent or unintentional error or omission shall be discovered therein, a new document or instrument may be substituted therefor in corrected form with the same force
and effect as if originally filed in the corrected form and, irrespective of the date or dates of the actual execution and/or delivery thereof, such substitute document or instrument shall be deemed to have been executed and/or delivered as of the
date or dates required with respect to the document or instrument for which it is substituted. Anything in this Indenture to the contrary notwithstanding, if any such corrective document or instrument indicates that action has been taken by or at
the request of the Company which could not have been taken had the original document or instrument not contained such error or omission, the action so taken shall not be invalidated or otherwise rendered ineffective but shall be and remain in full
force and effect, 

  
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except to the extent that such action was a result of willful misconduct or bad faith. Without limiting the generality of the foregoing, any Bonds issued under the authority of such defective
document or instrument shall nevertheless be the valid obligations of the Company entitled to the benefit of the lien of this Indenture equally and ratably with all other Outstanding Bonds, except as aforesaid. 

SECTION 1.06.    ACTS OF HOLDERS. 

(a)    Any request, demand, authorization, direction, notice, consent, election, waiver or other action provided by this
Indenture to be made, given or taken by Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by an agent duly appointed in writing or, alternatively, may be embodied
in and evidenced by the record of Holders voting in favor thereof, either in person or by proxies duly appointed in writing, at any meeting of Holders duly called and held in accordance with the provisions of Article XV, or a combination of
such instruments and any such record. Except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments or record or both are delivered to the Trustee and, where it is hereby expressly required, to
the Company. Such instrument or instruments and any such record (and the action embodied therein and evidenced thereby) are herein sometimes referred to as the “Act” of the Holders signing such instrument or instruments and so voting at
any such meeting. Proof of execution of any such instrument or of a writing appointing any such agent, or of the holding by any Person of a Bond, shall be sufficient for any purpose of this Indenture and (subject to
Section 11.01) conclusive in favor of the Trustee and the Company, if made in the manner provided in this Section. The record of any meeting of Holders shall be proved in the manner provided in
Section 15.06. 
 (b)    The fact and date of the execution by any Person of any such
instrument or writing may be proved by the affidavit of a witness of such execution or by a certificate of a notary public or other officer authorized by law to take acknowledgments of deeds, certifying that the individual signing such instrument or
writing acknowledged to him the execution thereof or may be proved in any other manner which the Trustee and the Company deem sufficient. Where such execution is by a signer acting in a capacity other than his individual capacity, such certificate
or affidavit shall also constitute sufficient proof of his authority. 
 (c)    The ownership, principal amount (except
as otherwise contemplated in clause (y) of the first proviso to the definition of Outstanding) and serial numbers of Bonds held by any Person, and the date of holding the same, shall be proved by the Bond Register. 

(d)    Any request, demand, authorization, direction, notice, consent, election, waiver or other Act of a Holder shall
bind every future Holder of the same Bond and the Holder of every Bond issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything done, omitted or suffered to be done by the Trustee or the
Company in reliance thereon, whether or not notation of such action is made upon such Bond. 
 (e)    Until such time as
written instruments shall have been delivered to the Trustee with respect to the requisite percentage of principal amount of Bonds for the action contemplated by such instruments, any such instrument executed and delivered by or on behalf of a
Holder may be revoked with respect to any or all of such Bonds by written notice by such Holder or any subsequent Holder, proven in the manner in which such instrument was proven. 

  
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 (f)    Bonds of any series, or any Tranche thereof, authenticated and
delivered after any Act of Holders may, and shall if required by the Trustee, bear a notation in form approved by the Trustee as to any action taken by such Act of Holders. If the Company shall so determine, new Bonds of any series, or any Tranche
thereof, so modified as to conform, in the opinion of the Trustee and the Company, to such action may be prepared and executed by the Company and authenticated and delivered by the Trustee in exchange for Outstanding Bonds of such series or Tranche.

 (g)    The Company may, at its option, by Company Order, fix in advance a record date for the determination of
Holders entitled to give any request, demand, authorization, direction, notice, consent, waiver or other Act solicited by the Company, but the Company shall have no obligation to do so. In addition, the Trustee may, at its option, fix in advance a
record date for the determination of Holders entitled to join in the giving or making of any Notice of Default, any declaration of acceleration referred to in Section 10.02, any request to institute proceedings referred to
in Section 10.11 or any direction referred to in Section 10.16. If any such record date is fixed, such request, demand, authorization, direction, notice, consent, waiver or other Act, or such
notice, declaration, request or direction, may be given before or after such record date, but only the Holders of record at the close of business on the record date shall be deemed to be Holders for the purposes of determining (i) whether
Holders of the requisite proportion of the Outstanding Bonds have authorized or agreed or consented to such Act (and for that purpose the Outstanding Bonds shall be computed as of the record date) and/or (ii) which Holders may revoke any such
Act (notwithstanding subsection (e) of this Section); and any such Act, given as aforesaid, shall be effective whether or not the Holders which authorized or agreed or consented to such Act remain Holders after such record date and
whether or not the Bonds held by such Holders remain Outstanding after such record date. 
 SECTION 1.07.    NOTICES, ETC. TO
TRUSTEE AND COMPANY. 
 Except as otherwise provided herein, any request, demand, authorization, direction, notice, consent,
election, waiver or Act of Holders or other document provided or permitted by this Indenture to be made or served upon, given or furnished to, or filed with, the Trustee by any Holder or by the Company, or the Company by the Trustee or by any
Holder, shall be sufficient for every purpose hereunder (unless otherwise expressly provided herein) if the same shall be in writing and delivered personally to the addressee (which delivery, with respect to the Trustee, shall be made to its
Corporate Trust Office and addressed to the attention of the Corporate Trust Department), or transmitted by facsimile transmission or other direct written electronic means to such telephone number or other electronic communications address as the
parties hereto shall from time to time designate, or transmitted by registered or certified mail, return receipt requested, or overnight courier guaranteeing next day delivery, charges prepaid, to the applicable address set forth opposite such
party’s name below or to such other address as either party hereto may from time to time designate: 

  
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 If to the Trustee, to: 

The Bank of New York Mellon Trust Company, N.A. 

400 South Hope Street, Suite 500 

Los Angeles, CA 90071 

Attention: Global Corporate Trust Unit 

Fax: (213) 630-6298 

If to the Company, to: 
 Pacific
Gas and Electric Company 
 77 Beale Street 

P.O. Box 770000 
 San Francisco,
California 94177 
 Attention: Treasurer 

Fax: (415) 973-4343/267-7265 

Any communication contemplated herein shall be deemed to have been made, given, furnished and filed if personally delivered, on the date of
delivery, if transmitted by facsimile transmission or other direct written electronic means, on the date of transmission, and if transmitted by registered or certified mail or reputable overnight courier, on the date of receipt. 

The Trustee agrees to accept and act upon instructions or directions pursuant to this Indenture sent by the Company by unsecured e-mail, facsimile transmission or other similar unsecured electronic methods; provided, however, that (a) subsequent to such transmission of written instructions, the Company shall provide the originally
executed instructions or directions to the Trustee in a timely manner, and (b) such originally executed instructions or directions shall be signed by an authorized representative of the Company providing such instructions or directions. If the
Company elects to give the Trustee e-mail or facsimile instructions (or instructions by a similar electronic method) and the Trustee in its discretion elects to act upon such instructions, the Trustee’s
understanding of such instructions shall be deemed controlling. The Trustee shall not be liable for any losses, costs or expenses arising directly or indirectly from the Trustee’s reliance upon and compliance with such instructions
notwithstanding such instructions conflict or are inconsistent with a subsequent written instruction. The Company agrees to assume all risks arising out of the use of such electronic methods to submit instructions and directions to the Trustee,
including without limitation the risk of the Trustee acting on unauthorized instructions, and the risk or interception and misuse by third parties. 

Notwithstanding any other provision of this Indenture or any Bond, where this Indenture or any Bond provides for notice of any event or any
other communication (including any notice of redemption or repurchase) to a holder of a Global Bond (whether by mail or otherwise), such notice shall be sufficiently given if given to the Depositary (or its designee) pursuant to the standing
instructions from the Depositary or its designee, including by electronic mail in accordance with accepted practices at the Depositary. 

  
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 SECTION 1.08.    NOTICE TO HOLDERS OF BONDS; WAIVER. 

Except as otherwise expressly provided herein, where this Indenture provides for notice to Holders of any event, such notice shall be
sufficiently given, and shall be deemed given, to Holders if in writing and sent to each Holder affected by such event, at the address of such Holder as it appears in the Bond Register (or, with respect to Global Bonds, in accordance with the
Depositary’s applicable policies and procedures), not later than the latest date, and not earlier than the earliest date, prescribed for the giving of such notice. 

In case by reason of the suspension of regular mail service or by reason of any other cause it shall be impracticable to give such notice to
Holders by mail, then such notification as shall be made with the approval of the Trustee shall constitute a sufficient notification for every purpose hereunder. In any case where notice to Holders is given by mail, neither the failure to mail such
notice, nor any defect in any notice so mailed, to any particular Holder shall affect the sufficiency of such notice with respect to other Holders. 

Any notice required by this Indenture may be waived in writing by the Person entitled to receive such notice, either before or after the event
otherwise to be specified therein, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the Trustee, but such filing shall not be a condition precedent to the validity of any action taken in
reliance upon such waiver. 
 SECTION 1.09.    CONFLICT WITH TRUST INDENTURE ACT. 

If any provision of this Indenture limits, qualifies or conflicts with another provision hereof which is required or deemed to be included in
this Indenture by any provision of the Trust Indenture Act, the provision required or deemed to be included by the Trust Indenture Act shall control; and if any provision hereof otherwise conflicts with the Trust Indenture Act, or limits, qualifies
or conflicts with the duties imposed by Section 318(c) of the Trust Indenture Act, the Trust Indenture Act, including the duties imposed by Section 318(c) of the Trust Indenture Act, shall control. 

SECTION 1.10.    EFFECT OF HEADINGS AND TABLE OF CONTENTS. 

The Article and Section headings in this Indenture and the Table of Contents are for convenience only and shall not affect the construction
hereof. 
 SECTION 1.11.    SUCCESSORS AND ASSIGNS. 

All covenants and agreements in this Indenture by the Company and the Trustee shall bind their respective successors and assigns, whether so
expressed or not. 
 SECTION 1.12.    SEPARABILITY CLAUSE. 

In case any provision in this Indenture or the Bonds shall be held to be invalid, illegal or unenforceable, the validity, legality and
enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

  
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 SECTION 1.13.    BENEFITS OF INDENTURE. 

Nothing in this Indenture or the Bonds, express or implied, shall give to any Person, other than the parties hereto, their successors hereunder
and the Holders, any benefit or any legal or equitable right, remedy or claim under this Indenture. 

SECTION 1.14.    GOVERNING LAW. 

This Indenture and the Bonds shall be governed by, and construed and enforced in accordance with, the laws of the State of New York (including
without limitation Section 5-1401 of the New York General Obligations Law or any successor to such statute), except to the extent that the Trust Indenture Act shall be applicable, provided that the law of
the jurisdiction in which the Mortgaged Property consisting of real property is located shall govern the creation of a mortgage lien on and security interest in, or perfection, priority or enforcement of the Lien of this Indenture or exercise of
remedies with respect to, such portion of the Mortgaged Property. 
 SECTION 1.15.    LEGAL HOLIDAYS. 

In any case where any Interest Payment Date, Redemption Date or Stated Maturity of any Bond shall not be a Business Day at any Place of
Payment, then (notwithstanding any other provision of this Indenture or of the Bonds other than a provision in Bonds of any series, or any Tranche thereof, or in the indenture supplemental hereto, Board Resolution or Officer’s Certificate which
establishes the terms of the Bonds of such series or Tranche, which specifically states that such provision shall apply in lieu of this Section) payment of interest or principal and premium, if any, need not be made at such Place of Payment on such
date, but may be made on the next succeeding Business Day at such Place of Payment with the same force and effect as if made on the Interest Payment Date or Redemption Date, or at the Stated Maturity, and, if such payment is made or duly provided
for on such Business Day, no interest shall accrue on the amount so payable for the period from and after such Interest Payment Date, Redemption Date or Stated Maturity, as the case may be, to such Business Day. 

SECTION 1.16.    INVESTMENT OF CASH HELD BY TRUSTEE. 

Any cash held by the Trustee or any Paying Agent under any provision of this Indenture shall, except as otherwise provided in
Section 8.06 or in Article IX, at the request of the Company evidenced by Company Order, be invested or reinvested in Investment Securities designated by the Company (such Company Order to contain a representation to
the effect that the securities designated therein constitute Investment Securities), and any interest on such Investment Securities shall be promptly paid over to the Company as received free and clear of any Lien. Such Investment Securities shall
be held subject to the same provisions hereof as the cash used to purchase the same, but upon a like written request of the Company shall be sold, in whole or in designated part, and the proceeds of such sale shall be held subject to the same
provisions hereof as the cash used to purchase the Investment Securities so sold. If such sale shall produce a net sum less than the cost of the Investment Securities so sold, the Company shall pay to the Trustee or any such Paying Agent, as the
case may be, such amount in cash as, together with the net proceeds from such sale, shall equal the cost of the Investment Securities so sold, and if such sale shall produce a net sum greater than the cost of the Investment Securities so

  
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sold, the Trustee or any such Paying Agent, as the case may be, shall promptly pay over to the Company an amount in cash equal to such excess, free and clear of any Lien. In no event shall the
Trustee be liable for determining whether any investment fits within the criteria set forth in “Investment Securities” or for any loss incurred in connection with the sale of any Investment Security pursuant to this Section. In the absence
of a Company Order directing the Trustee to invest cash held by the Trustee hereunder, funds shall remain univested until the Trustee shall have received a Company Order directing the Trustee to invest such cash in another Investment Security. The
Trustee shall not be accountable or liable for any losses resulting from the sale or depreciation in the market value of investments made pursuant to this Indenture and Company Orders. 

Notwithstanding the foregoing, if an Event of Default shall have occurred and be continuing, interest on Investment Securities and any gain
upon the sale thereof shall be held as part of the Mortgaged Property until such Event of Default shall have been cured or waived, whereupon such interest and gain shall be promptly paid over to the Company free and clear of any Lien. 

SECTION 1.17.    WAIVER OF JURY TRIAL. 

EACH OF THE COMPANY AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY
JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE BONDS OF ANY SERIES OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

SECTION 1.18.    FOREIGN ACCOUNT TAX COMPLIANCE ACT (FATCA). 

The Company agrees (i) to provide the Trustee with such reasonable information as it has in its possession to enable the Trustee to
determine whether any payments pursuant to the Indenture are subject to the withholding requirements described in Section 1471(b) of the Internal Revenue Code or otherwise imposed pursuant to Sections 1471 through 1474 of the Internal Revenue
Code and any regulations, or agreements thereunder or official interpretations thereof (“Applicable Law”), and (ii) that the Trustee shall be entitled to make any withholding or deduction from payments under the Indenture to
the extent necessary to comply with Applicable Law, for which the Trustee shall not have any liability. 

SECTION 1.19.    FORCE MAJEURE. 

In no event shall the Trustee be responsible or liable for any failure or delay in the performance of its obligations hereunder arising out of
or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and
interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services; it being understood that the Trustee shall use reasonable efforts which are consistent with accepted practices in the banking industry to
resume performance as soon as practicable under the circumstances. 

  
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 ARTICLE II 

BOND FORMS 

SECTION 2.01.    FORMS GENERALLY. 

The definitive Bonds of each series shall be in substantially the form or forms established in the indenture supplemental hereto establishing
such series, or in a Board Resolution establishing such series, or in an Officer’s Certificate pursuant to such a supplemental indenture or Board Resolution, in any case with such appropriate insertions, omissions, substitutions and other
variations as are required or permitted by this Indenture, and may have such letters, numbers or other marks of identification and such legends or endorsements placed thereon as may be required to comply with the rules of any securities exchange or
as may, consistently herewith, be determined by the officers executing such Bonds, as evidenced by their execution of the Bonds. If the form or forms of Bonds of any series are established in a Board Resolution or in an Officer’s Certificate
pursuant to a supplemental indenture or a Board Resolution, such Board Resolution and Officer’s Certificate, if any, shall be delivered to the Trustee at or prior to the delivery of the Company Order contemplated by
Section 5.01 for the authentication and delivery of such Bonds. 
 Unless otherwise specified as contemplated by
Section 3.01, the Bonds of each series shall be issuable in registered form without coupons. The definitive Bonds shall be produced in such manner as shall be determined by the officers executing such Bonds, as evidenced by their execution
thereof. 
 SECTION 2.02.    FORM OF TRUSTEE’S CERTIFICATE OF AUTHENTICATION. 

The Trustee’s certificate of authentication shall be in substantially the form set forth below: 

This is one of the Bonds of the series designated therein referred to in the within-mentioned Indenture. 

 

			
	The Bank of New York Mellon Trust Company, N.A., as Trustee
		
	By:	 	 
		 	Authorized Signatory

 ARTICLE III 

THE BONDS 

SECTION 3.01.    AMOUNT UNLIMITED; ISSUABLE IN SERIES. 

Subject to the provisions of Article V, the aggregate principal amount of Bonds which may be authenticated and delivered under this
Indenture is unlimited. 

  
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 The Bonds may be issued in one or more series. Subject to the penultimate paragraph of this
Section, prior to the authentication and delivery of Bonds of any series there shall be established by specification in a supplemental indenture or in a Board Resolution, or in an Officer’s Certificate pursuant to a supplemental indenture or a
Board Resolution: 
 (a)    the title of the Bonds of such series (which shall distinguish the Bonds of such series from
Bonds of all other series) and, if other than the date of its authentication, the date of each Bond of such series; 

(b)    any limit upon the aggregate principal amount of the Bonds of such series which may be authenticated and delivered
under this Indenture (except for Bonds authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Bonds of such series pursuant to Section 3.04, 3.05, 3.06,
6.06 or 14.06 and except for any Bonds which, pursuant to Section 3.03, are deemed never to have been authenticated and delivered hereunder); 

(c)    the Persons (without specific identification) to whom interest on Bonds of such series, or any Tranche thereof,
shall be payable on any Interest Payment Date, if other than the Persons in whose names such Bonds (or one or more Predecessor Bonds) are registered at the close of business on the Regular Record Date for such interest; 

(d)    the date or dates on which the principal of the Bonds of such series, or any Tranche thereof, is payable or any
formula or other method or other means by which such date or dates shall be determined, by reference to an index or other fact or event ascertainable outside of this Indenture or otherwise (without regard to any provisions for redemption,
prepayment, acceleration, purchase or extension) and the right, if any, to extend the Maturity of the Bonds of such series, or any Tranche thereof, and the duration of any such extension; 

(e)    the rate or rates (or method of determination thereof) at which any Bonds of such series, or any Tranche thereof,
shall bear interest, if any (including the rate or rates at which overdue principal shall bear interest, if different from the rate or rates at which such Bonds shall bear interest prior to Maturity, and, if applicable, the rate or rates at which
overdue premium or interest shall bear interest, if any), or any formula or other method or other means by which such rate or rates shall be determined, by reference to an index or other fact or event ascertainable outside of this Indenture or
otherwise; the date or dates from which any such interest shall accrue (or method of determination thereof); the Interest Payment Dates on which any such interest shall be payable (or method of determination thereof) and the Regular Record Date, if
any (which, in either case or both, if so provided in or pursuant to such Board Resolution or supplemental indenture, may be determined by the Company from time to time and set forth in the Bonds of such series, or any Tranche thereof, issued from
time to time) for any such interest payable on any Interest Payment Date; the basis of computation of interest if other than as provided in Section 3.10; and the right, if any, to extend the interest payment periods and the
duration of any such extension; 
 (f)    the place or places at which and/or the methods (if other than as provided
elsewhere in this Indenture) by which (i) the principal of and premium, if any, and interest, if any, on Bonds of such series, or any Tranche thereof, shall be payable, (ii) registration of transfer of Bonds of such series, or any Tranche
thereof, may be effected, (iii) exchanges of Bonds of such series, or any Tranche thereof, may be effected and (iv) notices and demands to or upon the Company in respect of the Bonds of 

  
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 such series, or any Tranche thereof, and this Indenture may be made, given, furnished, filed or served, if
other than as provided in Section 1.07; the Bond Registrar and any Paying Agent or Agents for such series or Tranche; and, if such is the case, that the principal of such Bonds shall be payable without the presentment or
surrender thereof; 
 (g)    if the time for the giving of redemption notices for such series of Bonds, or any Tranche
thereof, shall be other than as provided in Section 6.04, such different time, and the period or periods within which or the date or dates on which, the price or prices at which and the terms and conditions upon which the
Bonds of such series, or any Tranche thereof, may be redeemed, in whole or in part, at the option of the Company (including, without limitation, any provision for the payment of a “make-whole”, yield-maintenance or similar premium in
connection with the redemption of Bonds of such series during a “no-call” or other period during which such Bonds are generally not subject to optional redemption by the Company) and any restrictions
on such redemptions; 
 (h)    the obligation or obligations, if any, of the Company to redeem, purchase or repay the
Bonds of such series, or any Tranche thereof, pursuant to any sinking fund or other mandatory redemption provisions or at the option of a Holder thereof and the period or periods within which or the date or dates on which, the price or prices at
which and the terms and conditions upon which such Bonds shall be redeemed, purchased or repaid, in whole or in part, pursuant to such obligation, and applicable exceptions to the requirements of Section 6.04 in the case of
mandatory redemption or redemption or repayment at the option of the Holder; 
 (i)    the denominations in which Bonds
of such series, or any Tranche thereof, shall be issuable if other than denominations of One Thousand Dollars ($1,000) and any integral multiple thereof; 

(j)    the currency or currencies, including composite currencies, in which payment of the principal of and premium, if
any, and interest, if any, on the Bonds of such series, or any Tranche thereof, shall be payable (if other than in Dollars); it being understood that, for purposes of calculations under this Indenture (including calculations of principal amount
under Article V), any amounts denominated in a currency other than Dollars or in a composite currency shall be converted to Dollar equivalents by calculating the amount of Dollars which could have been purchased by the amount of such other
currency based on such quotations or methods of determination as shall be specified pursuant to this clause (j); 

(k)    if the principal of or premium, if any, or interest, if any, on the Bonds of such series, or any Tranche thereof,
are to be payable, at the election of the Company or a Holder thereof, in a coin or currency other than that in which the Bonds are stated to be payable, the coin or currency in which payment of any amount as to which such election is made will be
payable, the period or periods within which, and the terms and conditions upon which, such election may be made; it being understood that, for purposes of calculations under this Indenture (including calculations of principal amount under Article
V), any such election shall be required to be taken into account, in the manner contemplated in clause (j) of this paragraph, only after such election shall have been made; 

  
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 (l)    if the principal of or premium, if any, or interest, if any, on
the Bonds of such series, or any Tranche thereof, are to be payable, or are to be payable at the election of the Company or a Holder thereof, in securities or other property, the type and amount of such securities or other property, or the formula
or other method or other means by which such amount shall be determined, and the period or periods within which, and the terms and conditions upon which, any such election may be made; it being understood that all calculations under this Indenture
(including calculations of principal amount under Article V) shall be made on the basis of the fair market value of such securities or the Fair Value of such other property, in either case determined as of the most recent practicable date,
except that, in the case of any amount of principal or interest that may be so payable at the election of the Company or a Holder, if such election shall not yet have been made, such calculations shall be made on the basis of the amount of principal
or interest, as the case may be, that would be payable if no such election were made; 
 (m)    if the amount payable in
respect of principal of or premium, if any, or interest, if any, on the Bonds of such series, or any Tranche thereof, may be determined with reference to an index, formula or other fact or event ascertainable outside of this Indenture, the manner in
which such amounts shall be determined (to the extent not established pursuant to clause (e) of this paragraph); it being understood that all calculations under this Indenture (including calculations of principal amount under Article
V) shall be made on the basis of the amount that would be payable as principal if such principal were due, or on the basis of the interest rates in effect, as the case may be, on the date next preceding the date of such calculation; 

(n)    if other than the entire principal amount thereof, the portion of the principal amount of Bonds of such series, or
any Tranche thereof, which shall be payable upon declaration of acceleration of the Maturity thereof pursuant to Section 10.02; 

(o)    the terms, if any, pursuant to which the Bonds of such series, or any Tranche thereof, may be converted into or
exchanged for shares of capital stock or other securities of the Company or any other Person; 
 (p)    the obligations
or instruments, if any, which shall be considered to be Eligible Obligations in respect of the Bonds of such series, or any Tranche thereof, denominated in a currency other than Dollars or in a composite currency, and any additional or alternative
provisions for the reinstatement of the Company’s indebtedness in respect of such Bonds after the satisfaction and discharge thereof as provided in Section 9.01; 

(q)    (i) whether the Bonds of such series, or any Tranche thereof, are to be issued as Global Bonds and if such Bonds
are to be issued as Global Bonds, the Depositary for such Global Bonds, (ii) any limitations on the rights of the Holder or Holders of such Bonds to transfer or exchange the same or to obtain the registration of transfer thereof, if other than
as provided in Section 3.05, (iii) any limitations on the rights of the Holder or Holders thereof to obtain certificates therefor in definitive form in lieu of temporary form, and (iv) any and all other matters
incidental to such Bonds; 

  
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 (r)    to the extent not established pursuant to clause
(q) of this paragraph, any limitations on the rights of the Holders of the Bonds of such Series, or any Tranche thereof, to transfer or exchange such Bonds or to obtain the registration of transfer thereof; and if a service charge will be
made for the registration of transfer or exchange of Bonds of such series, or any Tranche thereof, the amount or terms thereof; 

(s)    any exceptions to Section 1.15, or variation in the definition of Business Day, with
respect to the Bonds of such series, or any Tranche thereof; 
 (t)    if the principal of Bonds of such series is
payable from time to time without presentation or surrender, any method or manner of calculating the principal amount of Bonds of such series that is Outstanding at any time for purposes of this Indenture, if other than as specified in the last
proviso of the definition of “Outstanding”; 
 (u)    provisions, if any, for the exchange of
certificates representing Bonds to reflect the effectiveness of the lien of this Indenture on the Lien Effective Date, and any other changes necessary to reflect the effectiveness of the lien of this Indenture on the Lien Effective Date; and 

(v)    any other terms of the Bonds of such series, or any Tranche thereof. 

With respect to Bonds of a series subject to a Periodic Offering, the indenture supplemental hereto or the Board Resolution which establishes
such series, or the Officer’s Certificate pursuant to such supplemental indenture or Board Resolution, as the case may be, may provide general terms or parameters for Bonds of such series and provide either that the specific terms of Bonds of
such series, or any Tranche thereof, shall be specified in a Company Order or that such terms shall be determined by the Company or its agents in accordance with procedures specified in a Company Order as contemplated by
Section 5.01(b). 
 Unless otherwise provided with respect to a series of Bonds as contemplated in clause
(b) of Section 3.01, the aggregate principal amount of a series of Bonds may be increased and additional Bonds of such series may be issued up to the maximum aggregate principal amount, if any, authorized with
respect to such series as increased. 
 Anything herein to the contrary notwithstanding, the Trustee shall be under no obligation to
authenticate and deliver Bonds of any series the terms of which, established as contemplated by this Section, would adversely affect the rights, duties, obligations, liabilities or immunities of the Trustee under this Indenture or otherwise. 

SECTION 3.02.    DENOMINATIONS. 

Unless otherwise provided as contemplated by Section 3.01 with respect to any series of Bonds, or any Tranche
thereof, the Bonds of each series shall be issuable in denominations of One Thousand Dollars ($1,000) and any integral multiple thereof. 

  
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 SECTION 3.03.    EXECUTION, DATING, CERTIFICATE OF AUTHENTICATION.

 Unless otherwise provided as contemplated by Section 3.01 with respect to any series of Bonds, or any
Tranche thereof, the Bonds shall be executed on behalf of the Company by any two of the following: the President, the Chief Executive Officer, any Vice President, the Chief Financial Officer, the Treasurer or any Assistant Treasurer. The corporate
seal of the Company may be affixed thereto or reproduced thereon and attested by the Company’s Corporate Secretary or any other officer of the Company as permitted by the Company’s bylaws. The signature of any or all of these officers on
the Bonds may be manual, electronic or facsimile. 
 Bonds bearing the manual, electronic or facsimile signatures of individuals who were at
the time of execution the President, the Chief Executive Officer, a Vice President, the Chief Financial Officer, the Treasurer or an Assistant Treasurer of the Company shall bind the Company, notwithstanding that such individuals or any of them have
ceased to hold such offices prior to the authentication and delivery of such Bonds or did not hold such offices at the date of such Bonds. 

Unless otherwise specified as contemplated by Section 3.01 with respect to any series of Bonds, or any Tranche
thereof, each Bond shall be dated the date of its authentication. 
 Unless otherwise specified as contemplated by
Section 3.01 with respect to any series of Bonds, or any Tranche thereof, no Bond shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Bond a
certificate of authentication substantially in the form provided for herein executed by the Trustee or an Authenticating Agent by manual or electronic signature of an authorized officer thereof, and such certificate upon any Bond shall be conclusive
evidence, and the only evidence, that such Bond has been duly authenticated and delivered hereunder and is entitled to the benefits of this Indenture. Notwithstanding the foregoing, if any Bond shall have been authenticated and delivered hereunder
to the Company, or any Person acting on its behalf, but shall never have been issued and sold (or pledged) by the Company, and (a) the Company shall deliver such Bond to the Bond Registrar for cancellation or shall cancel such Bond and deliver
evidence of such cancellation to the Trustee, in each case as provided in Section 3.09, and (b) the Company, at its election, shall deliver to the Trustee a written statement (which need not comply with
Section 1.04 and need not be accompanied by an Officer’s Certificate or an Opinion of Counsel) stating that such Bond has never been issued and sold (or pledged) by the Company, then, for all purposes of this
Indenture, such Bond shall be deemed never to have been authenticated and delivered hereunder and shall never be entitled to the benefits hereof. 

SECTION 3.04.    TEMPORARY BONDS. 

Pending the preparation of definitive Bonds of any series, or any Tranche thereof, the Company may execute, and upon Company Order the Trustee
shall authenticate and deliver, temporary Bonds which are printed, lithographed, typewritten, mimeographed, photocopied or otherwise produced, in any authorized denomination, substantially of the tenor of the definitive Bonds in lieu of which they
are issued, with such appropriate insertions, omissions, substitutions and other variations as the officers executing such Bonds may determine, as evidenced by their execution of such Bonds. 

  
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 Except as otherwise specified as contemplated by Section 3.01 with
respect to the Bonds of any series, or any Tranche thereof, after the preparation of definitive Bonds of such series or Tranche, the temporary Bonds of such series or Tranche shall be exchangeable, without charge to the Holder thereof, for
definitive Bonds of such series or Tranche upon surrender of such temporary Bonds at the office or agency of the Company maintained pursuant to Section 7.02 in a Place of Payment for such Bonds. Upon such surrender of
temporary Bonds, the Company shall, except as otherwise specified as contemplated by Section 3.01, execute and the Trustee shall authenticate and deliver in exchange therefor definitive Bonds of the same series and Tranche,
of authorized denominations and of like tenor and aggregate principal amount. 
 Until exchanged in full as hereinabove provided, temporary
Bonds shall in all respects be entitled to the same benefits under this Indenture as definitive Bonds of the same series and Tranche and of like tenor authenticated and delivered hereunder. 

SECTION 3.05.    REGISTRATION, REGISTRATION OF TRANSFER AND EXCHANGE. 

The Company shall cause to be kept in one of the offices designated pursuant to Section 7.02, with respect to the
Bonds of each series, or any Tranche thereof, a register (the “Bond Register”) in which, subject to such reasonable regulations as it may prescribe, the Company shall provide for the registration of Bonds of such series or Tranche
and the registration of transfer thereof. Pursuant to Section 3.01(f), the Company shall designate one Person to maintain the Bond Register for the Bonds of each series, and such Person is referred to herein, with respect
to such series, as the “Bond Registrar.” Anything herein to the contrary notwithstanding, the Company may designate one or more of its offices, or one or more offices of any of its Affiliates, as an office in which a Bond Register
with respect to the Bonds of one or more series, or any Tranche or Tranches thereof, shall be maintained, and the Company may designate itself or any Affiliate the Bond Registrar with respect to one or more of such series. The Bond Register(s) shall
be open for inspection by the Trustee and the Company at all reasonable times. Unless otherwise specified in or pursuant to this Indenture or the Bonds, the Trustee shall be the initial Bond Registrar for each series of Bonds. 

Except as otherwise specified as contemplated by Section 3.01 with respect to the Bonds of any series, or any
Tranche thereof, and except as provided below with respect to Global Bonds, upon surrender for registration of transfer of any Bond of such series or Tranche at the office or agency of the Company maintained pursuant to
Section 7.02 in a Place of Payment for such series or Tranche, the Company shall execute, and the Trustee shall authenticate and deliver, in the name of the designated transferee or transferees, one or more new Bonds of the
same series and Tranche, of authorized denominations and of like tenor and aggregate principal amount. 
 Except as otherwise specified as
contemplated by Section 3.01 with respect to the Bonds of any series, or any Tranche thereof, any Bond of such series or Tranche may be exchanged at the option of the Holder, for one or more new Bonds of the same series and
Tranche, of authorized denominations and of like tenor and aggregate principal amount, upon surrender of the Bonds to be exchanged at any such office or agency. Whenever any Bonds are so surrendered for exchange, the Company shall execute, and the
Trustee shall authenticate and deliver, the Bonds which the Holder making the exchange is entitled to receive. 

  
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 All Bonds delivered upon any registration of transfer or exchange of Bonds shall be valid
obligations of the Company, evidencing the same obligation, and entitled to the same benefits under this Indenture, as the Bonds surrendered upon such registration of transfer or exchange. Every Bond presented or surrendered for registration of
transfer shall be duly endorsed or shall be accompanied by a written instrument of transfer in form satisfactory to the Company, the Trustee or the Bond Registrar, as the case may be, duly executed by the Holder thereof or his attorney duly
authorized in writing. Every Bond presented or surrendered for exchange shall (if so required by the Company, the Trustee or the Bond Registrar) be duly endorsed or shall be accompanied by a written instrument of transfer in form satisfactory to the
Company, the Trustee or the Bond Registrar, as the case may be, duly executed by the Holder thereof or such Holder’s attorney duly authorized in writing. 

Unless otherwise specified as contemplated by Section 3.01 with respect to Bonds of any series, or any Tranche
thereof, no service charge shall be made for any registration of transfer or exchange of Bonds, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any
registration of transfer or exchange of Bonds, other than exchanges pursuant to Section 3.04, 6.06 or 14.06 not involving any transfer. 

The Company shall not be required to execute or to provide for the registration of transfer of or the exchange of (a) Bonds of any
series, or any Tranche thereof, during a period of fifteen (15) days immediately preceding the date notice is to be given identifying the serial numbers (or with respect to Global Bonds, CUSIP numbers) of the Bonds of such series or Tranche
called for redemption or (b) any Bond so selected for redemption in whole or in part, except the unredeemed portion of any Bond being redeemed in part. 

SECTION 3.06.    MUTILATED, DESTROYED, LOST AND STOLEN BONDS. 

If any mutilated Bond is surrendered to the Trustee, the Company shall execute and the Trustee shall authenticate and deliver in exchange
therefor a new Bond of the same series and Tranche, and of like tenor and principal amount and bearing a number not contemporaneously outstanding. 

If there shall be delivered to the Company and the Trustee (a) evidence to their satisfaction of the ownership of and the destruction,
loss or theft of any Bond and (b) such security and/or indemnity as may be reasonably required by them to save each of them and any agent of either of them harmless, then, in the absence of notice to the Company or the Trustee that such Bond is
held by a protected purchaser, the Company shall execute and the Trustee shall authenticate and deliver, in lieu of any such destroyed, lost or stolen Bond, a new Bond of the same series and Tranche, and of like tenor and principal amount and
bearing a number not contemporaneously outstanding. 
 Notwithstanding the foregoing, in case any such mutilated, destroyed, lost or stolen
Bond has become or is about to become due and payable, the Company in its discretion may, but subject to compliance with the foregoing conditions, instead of issuing a new Bond, pay such Bond. 

  
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 Upon the issuance of any new Bond under this Section, the Company may require the payment of
a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other reasonable expenses (including the fees and expenses of the Trustee) in connection therewith. 

Every new Bond of any series issued pursuant to this Section in lieu of any destroyed, lost or stolen Bond shall constitute an additional
contractual obligation of the Company, whether or not the destroyed, lost or stolen Bond shall be at any time enforceable by anyone other than the Holder of such new Bond, and any such new Bond shall be entitled to all the benefits of this Indenture
equally and proportionately with any and all other Bonds of such series duly issued hereunder. 
 The provisions of this Section are
exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Bonds. 

SECTION 3.07.    PAYMENT OF INTEREST; INTEREST RIGHTS PRESERVED. 

Unless otherwise specified as contemplated by Section 3.01 with respect to the Bonds of any series, or any Tranche
thereof, interest on any Bond which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name that Bond (or one or more Predecessor Bonds) is registered at the close of business
on the Regular Record Date for such interest, except that, unless otherwise provided in the Bonds of such series, interest payable on the Stated Maturity of the principal of a Bond shall be paid to the Person to whom principal is paid. The initial
payment of interest on any Bond of any series which is issued between a Regular Record Date and the related Interest Payment Date shall be payable as provided in such Bond or in a Board Resolution, Officer’s Certificate or supplemental
indenture pursuant to Section 3.01 with respect to the related series of Bonds. Except in the case of a Global Bond (such interest to be paid in accordance with the Depositary’s applicable policies and procedures) at
the option of the Company, interest on any series of Bonds may be paid by (i) check mailed to the address of the Person entitled thereto as it shall appear on the Bond Register of such series or (ii) wire transfer in immediately available
funds at such place and to such account as designated in writing by the Person entitled thereto as specified in the Bond Register of such series. 

Any interest on any Bond of any series which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date (herein
called “Defaulted Interest”) shall forthwith cease to be payable to the Holder on the related Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each
case, as provided in clause (a) or (b) below: 
 (a)    The Company may elect to make payment of any
Defaulted Interest to the Persons in whose names the Bonds of such series (or their respective Predecessor Bonds) are registered at the close of business on a date (herein called a “Special Record Date”) for the 

  
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 payment of such Defaulted Interest, which shall be fixed in the following manner. The Company shall notify
the Trustee in writing of the amount of Defaulted Interest proposed to be paid on each Bond of such series and the date of the proposed payment, and at the same time the Company shall deposit with the Trustee an amount of money equal to the
aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit on or prior to the date of the proposed payment, such money when deposited to be held in trust for the
benefit of the Persons entitled to such Defaulted Interest as in this clause provided. Thereupon the Trustee shall fix a Special Record Date for the payment of such Defaulted Interest which shall be not more than thirty (30) days and not less
than ten (10) days prior to the date of the proposed payment and not less than twenty-five (25) days after the receipt by the Trustee of the notice of the proposed payment. The Trustee shall promptly notify the Company of such Special
Record Date and, in the name and at the expense of the Company, shall, not less than fifteen (15) days prior to such Special Record Date, cause notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor to be
given to each Holder of Bonds of such series. Notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor having been so mailed, such Defaulted Interest shall be paid to the Persons in whose names the Bonds of such
series (or their respective Predecessor Bonds) are registered at the close of business on such Special Record Date. 

(b)    The Company may make payment of any Defaulted Interest on the Bonds of any series in any other lawful manner not
inconsistent with the requirements of any securities exchange on which such Bonds may be listed, and upon such notice as may be required by such exchange, if, after notice given by the Company to the Trustee of the proposed payment pursuant to this
clause, such manner of payment shall be deemed practicable by the Trustee. 
 Subject to the foregoing provisions of this Section and
Section 3.05, each Bond delivered under this Indenture upon registration of transfer of or in exchange for or in lieu of any other Bond shall carry the rights to interest accrued and unpaid, and to accrue, which were
carried by such other Bond. 
 SECTION 3.08.    PERSONS DEEMED OWNERS. 

Prior to due presentment of a Bond for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat
the Person in whose name any Bond is registered as the absolute owner of such Bond for the purpose of receiving payment of principal of and premium, if any, and (subject to Sections 3.05 and 3.07) interest, if any, on such Bond and for
all other purposes whatsoever, whether or not such Bond be overdue, and none of the Company, the Trustee or any agent of the Company or the Trustee shall be affected by notice to the contrary. 

SECTION 3.09.    CANCELLATION BY BOND REGISTRAR. 

All Bonds surrendered for payment, redemption, registration of transfer or exchange shall, if surrendered to any Person other than the Bond
Registrar, be delivered to the Bond Registrar and, if not theretofore canceled, shall be promptly canceled by the Bond Registrar. The Company may at any time deliver to the Bond Registrar for cancellation any Bonds previously authenticated and
delivered hereunder which the Company may have acquired in any manner 

  
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 whatsoever or which the Company shall not have issued and sold (or pledged), and all Bonds so delivered
shall be promptly canceled by the Bond Registrar. No Bonds shall be authenticated in lieu of or in exchange for any Bonds canceled as provided in this Section, except as expressly permitted by this Indenture. All canceled Bonds held by the Bond
Registrar shall be disposed of in accordance with the Bond Registrar’s then customary practice for disposing of securities, unless otherwise directed by a Company Order. 

SECTION 3.10.    COMPUTATION OF INTEREST. 

Except as otherwise specified as contemplated by Section 3.01 for Bonds of any series, or any Tranche thereof,
interest on the Bonds of each series shall be computed on the basis of a three hundred sixty (360) day year consisting of twelve (12) thirty (30) day months and, with respect to any period less than a full calendar month, on the basis of
the actual number of days elapsed during such period. 
 SECTION 3.11.    PAYMENT TO BE IN PROPER CURRENCY. 

In the case of the Bonds of any series, or any Tranche thereof, denominated in any currency other than Dollars or in a composite currency (the
“Required Currency”), except as otherwise specified with respect to such Bonds as contemplated by Section 3.01, the obligation of the Company to make any payment of the principal thereof, or the premium, if any, or interest, if
any, thereon, shall not be discharged or satisfied by any tender by the Company in any currency other than the Required Currency, except to the extent that such tender shall result in the applicable Paying Agent timely holding the full amount of the
Required Currency then due and payable. If any such tender is in a currency other than the Required Currency, an exchange rate agent appointed by the Company may take such actions as it considers appropriate to exchange such currency for the
Required Currency. The costs and risks of any such exchange, including without limitation the risks of delay and exchange rate fluctuation, shall be borne by the Company and the Company shall remain fully liable for any shortfall or delinquency in
the full amount of Required Currency then due and payable. 
 SECTION 3.12.    CUSIP NUMBERS. 

The Company, in issuing the Bonds, may use “CUSIP” or other similar numbers (if then generally in use), and, if so, the Trustee or
Bond Registrar may use CUSIP or such other numbers in notices of redemption as a convenience to Holders; provided that any such notice may state that no representation is made as to the correctness of such numbers either as printed on the Bonds or
as contained in any notice of a redemption and that reliance may be placed only on the other identification numbers printed on the Bonds, in which case none of the Company or, as the case may be, the Trustee or the Bond Registrar, or any agent of
any of them, shall have any liability in respect of any CUSIP number used on any such notice, and any such redemption shall not be affected by any defect in or omission of such numbers. The Company will promptly notify the Trustee of any change in
the CUSIP numbers. 
 SECTION 3.13.    EXTENSION OF INTEREST PAYMENT. 

The Company shall have the right at any time, to extend interest payment periods on all the Bonds of any series hereunder, if so specified as
contemplated by Section 3.01 with respect to such Bonds and upon such terms as may be specified as contemplated by Section 3.01 with respect to such Bonds. 

  
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 SECTION 3.14.    GLOBAL BONDS. 

If the Company shall establish pursuant to Section 3.01(q) that the Bonds of a series, or a Tranche thereof, are to
be issued in whole or in part in the form of one or more Global Bonds, then the Company shall execute and the Trustee shall, in accordance with this Section and the Company Order with respect to such series or Tranche, authenticate and deliver one
or more Global Bonds in temporary or permanent form that (i) shall represent and shall be denominated in an aggregate amount equal to the aggregate principal amount of the Outstanding Bonds of such series or Tranche, to be represented by one or
more Global Bonds, (ii) shall be registered in the name of the Depositary for such Global Bond or Bonds or the nominee of such Depositary, (iii) shall be delivered by the Trustee to such Depositary or pursuant to such Depositary’s
instruction or held by the Trustee as custodian for the Depositary, and (iv) shall bear a legend substantially to the following effect: “Unless and until it is exchanged in whole or in part for Bonds in definitive form, this Bond may not
be transferred except as a whole by the Depositary to a nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor Depositary or a
nominee of such successor Depositary.” 
 ARTICLE IV 

LIEN EFFECTIVE DATE 

SECTION 4.01. 
 The security interest
in, and lien on, the Mortgaged Property pursuant to this Indenture shall become effective on a date (the “Lien Effective Date”), which shall be the date of delivery by the Company to the Trustee of each of the following: 

(a)    An Officer’s Certificate stating that, prior to or concurrently with the Lien Effective Date: 

(i)    The Effective Date has occurred; and 

(ii)    Any further security documents required to create the Lien in the Mortgaged Property will be
executed and delivered (to the extent any such document is required to be delivered on such date). 
 (b)    A Company
Order requesting execution and delivery by the Trustee of a supplemental indenture (such Company Order to be accompanied by the documents required by Section 1.04 hereof), if deemed necessary or desirable by Company to effectuate the lien of
this Indenture, and such other instruments (in form and substance reasonably satisfactory to the Trustee) as the Company may deem necessary or desirable to effectuate the lien of this Indenture; 

  
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 (c)    An Opinion of Counsel to the effect that that this Indenture
creates, or upon the taking of actions specified in said opinion, will create a lien on all the Property Additions made the basis of the authentication and delivery of Bonds issued prior to the Lien Effective Date, subject, to the knowledge of such
counsel, to no Lien thereon prior to the lien of this Indenture, except Permitted Liens; and 
 (d)    An Officer’s
Certificate stating that, to the knowledge of the signer, no Event of Default has occurred and is continuing. 
 Upon the occurrence of the
Lien Effective Date, the Trustee shall, at the sole cost and expense of the Company, promptly (i) execute and deliver to the order of the Company the documents and instruments (in form and substance reasonably satisfactory to the Trustee) that
the Company deems reasonably necessary to effectuate the lien of this Indenture and (ii) execute and deliver to the Company such deeds, and other documents and instruments (in form and substance reasonably satisfactory to the Trustee) as, in
the judgment of the Company, shall be necessary, desirable or appropriate to effect or evidence the lien of this Indenture. 
 Upon the
occurrence of the Lien Effective Date and notwithstanding any other provision of this Indenture or the Bonds, all Bonds, automatically and without any further action by the Company, the Trustee, or any Holders, shall be secured by the Mortgaged
Property and shall constitute secured obligations of the Company, and the provisions of this Indenture and the Bonds shall be construed consistently with the status of the Bonds as secured obligations of the Company. 

The Company shall, as promptly as practicable after the occurrence of the Lien Effective Date, give notice to all Holders of the occurrence of
the Lien Effective Date in the same manner as a notice of redemption. 
 ARTICLE V 

ISSUANCE OF BONDS 

SECTION 5.01.    GENERAL. 

Subject to the provisions of Section 5.02, 5.03 or 5.04, whichever may be applicable, the Trustee shall
authenticate and deliver Bonds of a series, for original issue, at one time or from time to time in accordance with the Company Order referred to below, upon receipt by the Trustee of: 

(a)    the instrument or instruments establishing the form or forms and terms of such series, as provided in Sections
2.01 and 3.01; 
 (b)    a Company Order requesting the authentication and delivery of such Bonds and, to the
extent that the terms of such Bonds shall not have been established in an indenture supplemental hereto or in a Board Resolution, or in an Officer’s Certificate pursuant to a supplemental indenture or Board Resolution, all as contemplated by
Section 3.01, either (i) establishing such terms or (ii) in the case of Bonds of a series subject to a Periodic Offering, specifying procedures by which such terms are to be established (which procedures may
provide 

  
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 for authentication and delivery pursuant to oral or electronic instructions from the Company or any agent or
agents thereof, which oral instructions are to be promptly confirmed electronically or in writing), in either case in accordance with the instrument or instruments delivered pursuant to clause (a) above; 

(c)    the Bonds of such series, executed on behalf of the Company by an officer specified in
Section 3.03; 
 (d)    an Opinion of Counsel to the effect that: 

(i)    the form or forms of such Bonds have been duly authorized by the Company and have been established
in conformity with the provisions of this Indenture; 
 (ii)    the terms of such Bonds have been duly
authorized by the Company and have been established in conformity with the provisions of this Indenture; and 

(iii)    when such Bonds shall have been authenticated and delivered by the Trustee and issued and
delivered by the Company in the manner and subject to any conditions specified in such Opinion of Counsel, such Bonds will have been duly issued under this Indenture, will constitute valid obligations of the Company enforceable in accordance with
their terms, subject to laws relating to or affecting generally the enforcement of mortgagees’ and other creditors’ rights, including, without limitation, bankruptcy and insolvency laws, and to general principles of equity (regardless of
whether such enforceability is considered in a proceeding in equity or at law), and will be entitled to the benefits provided by this Indenture; 

provided, however, that, with respect to Bonds of a series subject to a Periodic Offering, the Trustee shall be entitled to receive such Opinion
of Counsel only once at or prior to the time of the first authentication and delivery of such Bonds (provided that such Opinion of Counsel addresses the authentication and delivery of all such Bonds) and that, in lieu of the opinions described in
clauses (ii) and (iii) above, counsel may opine that: 
 (x)    when the terms of such
Bonds shall have been established pursuant to a Company Order or Orders or pursuant to such procedures as may be specified from time to time by a Company Order or Orders, all as contemplated by and in accordance with the instrument or instruments
delivered pursuant to clause (a) above, such terms will have been duly authorized by the Company and will have been established in conformity with the provisions of this Indenture; and 

(y)    when such Bonds shall have been authenticated and delivered by the Trustee in accordance with this
Indenture and the Company Order or Orders or the specified procedures referred to in paragraph (x) above and issued and delivered by the Company in the manner and subject to any conditions specified in such Opinion of Counsel, such Bonds will
have been duly issued under this Indenture, will constitute valid obligations of the Company enforceable in accordance with their terms, subject to laws relating to or affecting generally the enforcement of mortgagees’ and other creditors’
rights, including, without 

  
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limitation, bankruptcy and insolvency laws, and to general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law), and will be entitled
to the benefits provided by this Indenture; 
 (e)    an Officer’s Certificate to the effect that, to the knowledge
of the signer, no Event of Default has occurred and is continuing; provided, however, that with respect to Bonds of a series subject to a Periodic Offering, either (i) such an Officer’s Certificate shall be delivered at the
time of the authentication and delivery of each Bond of such series or (ii) the Officer’s Certificate delivered at or prior to the time of the first authentication and delivery of the Bonds of such series shall state that the statements
therein shall be deemed to be made at the time of each, or each subsequent, authentication and delivery of Bonds of such series; and 

(f)    such other Opinions of Counsel, certificates and other documents as may be required under
Section 5.02, 5.03 or 5.04, whichever may be applicable to the authentication and delivery of the Bonds of such series. 

SECTION 5.02.    ISSUANCE OF BONDS ON THE BASIS OF PROPERTY ADDITIONS. 

(a)    Bonds of any one or more series may be authenticated and delivered on the basis of Property Additions which, prior
to the issuance of such Bonds, constitute Unfunded Property, in a principal amount not exceeding seventy percent (70%) of the Adjusted Property Additions Basis of such Property Additions. 

(b)    Bonds of any series shall be authenticated and delivered by the Trustee on the basis of Property Additions which,
prior to the issuance of such Bonds, constitute Unfunded Property, upon receipt by the Trustee of: 

(i)    the documents with respect to the Bonds of such series specified in
Section 5.01; 
 (ii)    an Expert’s Certificate dated as of a date not
more than ninety (90) days prior to the date of the Company Order requesting the authentication and delivery of such Bonds, substantially in the form attached hereto as Schedule 1, 

(A)    describing all property constituting Property Additions and designated by the Company, in its
discretion, to be made the basis of the authentication and delivery of such Bonds (such description of property to be made by reference, at the election of the Company, either to specified items, units and/or elements of property or portions
thereof, on a percentage or Dollar basis, or to properties reflected in specified accounts or subaccounts in the Company’s books of account or portions thereof, on a Dollar basis), and stating that all such property constitutes Property
Additions; 
 (B)    stating (I) the Cost of such Property Additions, (II) to the extent such
Property Additions are subject to a Senior Lien securing Senior Lien Obligations, the outstanding principal amount of such Senior Lien Obligations as of the date of such certificate, and (III) the Net Cost of such Property Additions; 

  
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 (C)    stating that such Property Additions are
desirable for use in the conduct of the business, or one of the businesses, of the Company; 

(D)    stating that such Property Additions, to the extent of the Property Additions Basis thereof that is
to be made the basis of the authentication and delivery of such Bonds, constitute, prior to the issuance of such Bonds, Unfunded Property; 

(E)    stating, except as to such Property Additions acquired, made or constructed wholly through the
delivery of securities or property other than cash, the amount of cash forming all or part of the Cost thereof; 

(F)    briefly describing, with respect to any Property Additions acquired, made or constructed in whole
or in part through the delivery of securities or property other than cash, the securities or other property so delivered, stating the date of such delivery and stating, in the judgment of the signers, the fair market value in cash of such securities
or other property at the time of delivery thereof in payment for the acquisition or construction of such Property Additions; 

(G)    stating what part, if any, of such Property Additions includes property which constitutes an
Acquired Facility and stating whether or not, in the judgment of the signers, the Fair Value to the Company of any such Acquired Facility, as of the date of such certificate, is a De Minimis Amount; 

(H)    stating (I) in the judgment of the signers, the Fair Value to the Company, as of the date of
such certificate, of such Property Additions, except any thereof with respect to the Fair Value to the Company of which a statement is to be made in an Independent Expert’s Certificate pursuant to clause (iii) below, and
(II) the Net Fair Value of such Property Additions; 
 (I)    if any property included in such
Property Additions is subject to a Lien of the character described (x) in clause (f) of the definition of Permitted Liens, stating that such Lien does not, in the judgment of the signers, materially impair the use by the Company of
the Mortgaged Property considered as a whole for the purposes for which it is held by the Company, or (y) in clause (j)(ii) of the definition of Permitted Liens, stating that such Lien does not, in the judgment of the signers, materially
impair the use by the Company of such Mortgaged Property for the purposes for which it is held by the Company or (z) in clause (q)(ii) of the definition of Permitted Liens, stating that the enforcement of such Lien would not, in the
judgment of the signers, adversely affect the interests of the Company in such Mortgaged Property in any material respect; 

(J)    stating the amount required to be deducted under Section 1.03(b)(i) and
the amounts elected to be added under Section 1.03(b)(ii) in respect of Funded Property Retired of the Company; 

  
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 (K)    stating the Adjusted Property Additions Basis of
such Property Additions; 
 (L)    stating the amount equal to seventy percent (70%) of the Adjusted
Property Additions Basis stated pursuant to clause (K) above; and 
 (M)    stating the
aggregate principal amount of the Bonds to be authenticated and delivered on the basis of such Property Additions (such amount not to exceed the amount stated pursuant to clause (L) above); 

(iii)    if any Property Additions are shown by the Expert’s Certificate provided for in clause
(ii) above to include property which constitutes an Acquired Facility or Pledged Securities and such certificate does not show the Fair Value thereof to the Company as of the date of such certificate to be a De Minimis Amount, an
Independent Expert’s Certificate stating, in the judgment of the signer, the Fair Value to the Company, as of the date of such Independent Expert’s Certificate, of (X) such Property Additions which constitute an Acquired Facility and
(at the option of the Company) as to any other Property Additions included in the Expert’s Certificate provided for in clause (ii) above, (Y) such Pledged Securities, and (Z) in case such Independent Expert’s
Certificate is being delivered in connection with the authentication and delivery of Bonds, any other Acquired Facility or Pledged Securities which have been subjected to the lien of this Indenture since the commencement of the then current calendar
year as the basis for the authentication and delivery of Bonds and as to which an Independent Expert’s Certificate has not previously been furnished to the Trustee; 

(iv)    an Opinion of Counsel to the effect: 

(A)    if such Opinion of Counsel is delivered on or after the Lien Effective Date, that this Indenture
creates, or upon the taking of actions specified in said opinion, will create a lien on all the Property Additions to be made the basis of the authentication and delivery of such Bonds, subject, to the knowledge of such counsel, to no Lien thereon
prior to the lien of this Indenture, except Permitted Liens; and 
 (B)    that the Company has
corporate authority to operate such Property Additions; and 
 (v)    copies of the instruments of
conveyance, assignment and transfer, if any, specified in the Opinion of Counsel provided for in clause (iv) above. 

SECTION 5.03.    ISSUANCE OF BONDS ON THE BASIS OF RETIRED BONDS. 

(a)    Bonds of any one or more series may be authenticated and delivered on the basis of, and in an aggregate principal
amount not exceeding the aggregate principal amount of, Retired Bonds. 

  
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 (b)    Bonds of any series shall be authenticated and delivered by the
Trustee on the basis of Retired Bonds upon receipt by the Trustee of: 
 (i)    the documents with
respect to the Bonds of such series specified in Section 5.01; and 

(ii)    an Officer’s Certificate stating that (1) Bonds, specified by series, in an aggregate
principal amount not less than the aggregate principal amount of Bonds to be authenticated and delivered on the basis of Retired Bonds pursuant to this Section 5.03, have theretofore been authenticated and delivered,
(2) such Bonds are the basis for the authentication and delivery of Bonds pursuant to this Section 5.03, and (3) such Bonds constitute Retired Bonds as of the date of such Officer’s Certificate or
concurrently with the authentication and delivery of the Bonds will constitute Retired Bonds. 
 SECTION 5.04.    ISSUANCE OF
BONDS ON THE BASIS OF DEPOSIT OF CASH. 
 (a)    Bonds of any one or more series may be authenticated and
delivered on the basis of, and in an aggregate principal not exceeding the amount of, any deposit with the Trustee of cash for such purpose. 

(b)    Bonds of any series shall be authenticated and delivered by the Trustee on the basis of the deposit of cash when
the Trustee shall have received, in addition to such deposit, the documents with respect to the Bonds of such series specified in Section 5.01. 

(c)    All cash deposited with the Trustee under the provisions of this Section (herein referred to as “Deposited
Cash”) shall be held by the Trustee, shall constitute Mortgaged Property and may be withdrawn from time to time by the Company free and clear of any Lien, upon delivery of a Company Order to the Trustee, in an amount equal to the aggregate
principal amount of Bonds to the authentication and delivery of which the Company shall be entitled under Section 5.02 or 5.03 hereof. 

In case such withdrawal of Deposited Cash is, in whole or in part, based upon Property Additions which constitute Unfunded Property, the
Company shall comply with Section 5.02 as if such Property Additions were being made the basis for the authentication and delivery of Bonds thereon equivalent in principal amount to the amount of the Deposited Cash to be
withdrawn on such basis; or in case the withdrawal of Deposited Cash is, in whole or in part, based upon the right to the authentication and delivery of Bonds based on the delivery to the Trustee of Retired Bonds, the Company shall comply with
Section 5.03 relating to such authentication and delivery, recognizing that, in each such case, the action being taken is the withdrawal of Deposited Cash rather than the authentication and delivery of Bonds;
provided, however, that the Company shall not in any event be required to deliver the documents specified in Section 5.01. 

Any withdrawal of Deposited Cash under this subsection (c) shall operate as a waiver by the Company of its right to the
authentication and delivery of the Bonds on which such withdrawal is based and such Bonds may not thereafter be authenticated and delivered hereunder. Any Property Additions which have been made the basis of any such right to the 

  
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 authentication and delivery of Bonds so waived shall be deemed to have been made the basis of the withdrawal
of such Deposited Cash and shall constitute Funded Property hereunder; and any Retired Bonds which have been made the basis of any such right to the authentication and delivery of Bonds so waived shall be deemed to have been made the basis of the
withdrawal of such Deposited Cash. 
 (d)    If at any time the Company shall so direct, any Deposited Cash may be used
or applied to the purchase, payment or redemption of Bonds in the manner and subject to the conditions provided in clauses (d) and (e) of Section 8.07. 

SECTION 5.05.    ISSUANCE OF ADDITIONAL BONDS. 

The Company may issue additional Bonds of any series from time to time in accordance with this Article V, having the same terms in all respects
as the applicable series of Bonds (except for the date of issuance, the issue price, and, in some cases, the initial interest accrual date and the first Interest Payment Date). Any such additional Bonds of any series shall be fungible with the
original Bonds of such series for Federal income tax purposes or shall be issued using a different CUSIP. Each series of Bonds and any additional Bonds issued on the same terms and conditions would rank equally and ratably and should be treated as a
single series for all purposes under this Indenture. 
 ARTICLE VI 

REDEMPTION OF BONDS 

SECTION 6.01.    APPLICABILITY OF ARTICLE. 

Bonds of any series, or any Tranche thereof, which are redeemable before their Stated Maturity shall be redeemable in accordance with their
terms and (except as otherwise specified as contemplated by Section 3.01 for Bonds of such series or Tranche) in accordance with this Article. 

SECTION 6.02.    ELECTION TO REDEEM; NOTICE TO TRUSTEE. 

The election of the Company to redeem any Bonds shall be evidenced by a Board Resolution or an Officer’s Certificate. The Company shall,
at least forty-five (45) days prior to the Redemption Date fixed by the Company (unless a shorter notice shall be satisfactory to the Trustee), notify the Trustee in writing of such Redemption Date and of the principal amount of such Bonds to
be redeemed. In the case of any redemption of Bonds (a) prior to the expiration of any restriction on such redemption provided in the terms of such Bonds or elsewhere in this Indenture or (b) pursuant to an election of the Company which is
subject to a condition specified in the terms of such Bonds, the Company shall furnish the Trustee with an Officer’s Certificate evidencing compliance with such restriction or condition. 

  
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 SECTION 6.03.    SELECTION OF BONDS TO BE REDEEMED. 

If less than all the Bonds of any series, or any Tranche thereof, are to be redeemed, the particular Bonds to be redeemed shall be selected by
the Bond Registrar from the Outstanding Bonds of such series or Tranche not previously called for redemption, by such method as shall be provided for any particular series or Tranche, or, in the absence of any such provision, by lot or by such
method of random selection as the Bond Registrar shall deem fair and appropriate and which may, in any case, provide for the selection for redemption of portions (equal to the minimum authorized denomination for Bonds of such series or Tranche or
any integral multiple thereof) of the principal amount of Bonds of such series or Tranche having a denomination larger than the minimum authorized denomination for Bonds of such series or Tranche; provided, however, that if, as
indicated in an Officer’s Certificate, the Company shall have offered to purchase all or any principal amount of the Bonds then Outstanding of any series, or any Tranche thereof, and less than all of such Bonds as to which such offer was made
shall have been tendered to the Company for such purchase, the Bond Registrar, if so directed by Company Order, shall select for redemption all or any principal amount of such Bonds which have not been so tendered; provided, further,
that with respect to Global Bonds, the Bonds to be redeemed shall be selected in accordance with the procedures of the Depositary. 
 Except
in the case of Global Bonds, the Bond Registrar shall promptly notify the Company and the Trustee in writing of the Bonds selected for redemption and, in the case of any Bonds selected to be redeemed in part, the principal amount thereof to be
redeemed. 
 For all purposes of this Indenture, unless the context otherwise requires, all provisions relating to the redemption of Bonds
shall relate, in the case of any Bonds redeemed or to be redeemed only in part, to the portion of the principal amount of such Bonds which has been or is to be redeemed. 

SECTION 6.04.    NOTICE OF REDEMPTION. 

Unless otherwise specified with respect to any series of Bonds, or any Tranche thereof, in accordance with
Section 3.01, notice of redemption shall be given in the manner provided in Section 1.08 to the Holders of the Bonds to be redeemed not less than ten (10) nor more than sixty (60) days
prior to the Redemption Date. 
 All notices of redemption shall state: 

(a)    the Redemption Date, 

(b)    the Redemption Price or, if not then ascertainable, the manner of calculation thereof, 

(c)    if less than all the Bonds of any series or Tranche are to be redeemed, the identification of the particular Bonds
to be redeemed and the portion of the principal amount of any Bond to be redeemed in part, 

  
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 (d)    that on the Redemption Date, the Redemption Price, together with
accrued interest, if any, to the Redemption Date, will become due and payable upon each such Bond to be redeemed and, if applicable, that interest thereon will cease to accrue on and after said date; provided, that if a conditional notice shall be
given, other appropriate language shall be inserted indicating the conditional nature of the redemption, 
 (e)    the
place or places where such Bonds are to be surrendered for payment of the Redemption Price and accrued interest, if any, unless it shall have been specified as contemplated by Section 3.01 with respect to such Bonds that
such surrender shall not be required, 
 (f)    that the redemption is for a sinking or other fund, if such is the case,
and 
 (g)    such other matters as the Company shall deem desirable or appropriate. 

Unless otherwise specified with respect to any series of Bonds, or any Tranche thereof, in accordance with
Section 3.01, with respect to any redemption of Bonds at the election of the Company or any redemption which is contingent on the occurrence or nonoccurrence of an event or condition which cannot be ascertained prior to the
time a redemption notice is required to be given hereunder, such notice may state that such redemption shall be conditional upon receipt by the Trustee or the Paying Agent or Agents for such Bonds, on or prior to the date fixed for such redemption,
of money sufficient to pay the Redemption Price of such Bonds and accrued interest, if any, thereon to the Redemption Date (or written direction from the Company to apply such money for the payment of such Bonds, if such money shall have been
deposited with the Trustee or Paying Agent or Agents upon the condition that the Trustee or Paying Agent or Agents will apply such money only at the written direction of the Company) and that if such money shall not have been so received (or if such
money shall have been received but the Trustee or the Paying Agent or Agents have been directed, in writing, by the Company not to apply such money to redeem such Bonds) such notice shall be of no force or effect and the Company shall not be
required to redeem such Bonds; provided, however, that conditional notice shall not be given if upon the giving of notice, such Bonds shall be deemed to have been paid in accordance with Section 9.01. In the
event that such notice of redemption contains such a condition and such money is not so received, or the Trustee or Paying Agent or Agents have been directed by the Company not to apply such money to the redemption of such Bonds, the redemption
shall not be made, and within a reasonable time thereafter notice shall be given, in the manner in which the notice of redemption was given, that such money was not so received or that the Trustee or Paying Agent or Agents have been directed by the
Company not to redeem such Bonds and such redemption was not required to be made, and the Trustee or Paying Agent or Agents for the Bonds otherwise to have been redeemed shall promptly return to the Holders thereof any of such Bonds which had been
surrendered for payment upon such redemption. 
 Notice of redemption of Bonds to be redeemed at the election of the Company, and any notice
of non-satisfaction of a condition for redemption as aforesaid, shall be given by the Company or, at the Company’s written request, by the Bond Registrar in the name and at the expense of the Company.
Notice of mandatory redemption of Bonds shall be given by the Company or, at the Company’s written request, by the Bond Registrar. 

  
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 SECTION 6.05.    BONDS PAYABLE ON REDEMPTION DATE. 

Notice of redemption having been given as aforesaid, and the conditions, if any, set forth in such notice having been satisfied, the Bonds or
portions thereof so to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price therein specified, and from and after such date (unless, in the case of an unconditional notice of redemption, the Company shall default
in the payment of the Redemption Price and accrued interest, if any) such Bonds or portions thereof, if interest-bearing, shall cease to bear interest. Upon surrender of any such Bond for redemption in accordance with such notice, such Bond or
portion thereof shall be paid by the Company at the Redemption Price, together with accrued interest, if any, to the Redemption Date; provided, however, that no such surrender shall be a condition to such payment if so specified as
contemplated by Section 3.01 with respect to such Bond; and provided, further, that, except as otherwise specified as contemplated by Section 3.01 with respect to such Bond, any
installment of interest on any Bond the Stated Maturity of which installment is on or prior to the Redemption Date shall be payable to the Holder of such Bond, or one or more Predecessor Bonds, registered as such at the close of business on the
related Regular Record Date according to the terms of such Bond and subject to the provisions of Section 3.07. 

SECTION 6.06.    BONDS REDEEMED IN PART. 

Upon the surrender of any Bond which is to be redeemed only in part at a Place of Payment therefor (with, if the Company or the Trustee so
requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Company and the Trustee duly executed by, the Holder thereof or his attorney duly authorized in writing), the Company shall execute, and the Trustee shall
authenticate and deliver to the Holder of such Bond, without service charge, a new Bond or Bonds of the same series and Tranche, of any authorized denomination requested by such Holder and of like tenor and in aggregate principal amount equal to and
in exchange for the unredeemed portion of the principal of the Bond so surrendered. 
 ARTICLE VII 

COVENANTS 

SECTION 7.01.    PAYMENT OF BONDS; LAWFUL POSSESSION; MAINTENANCE OF LIEN. 

(a)    The Company shall pay the principal of and premium, if any, and interest, if any, on the Bonds of each series in
accordance with the terms of such Bonds and this Indenture. 
 (b)    At the Execution Date, the Company is lawfully
possessed of the Mortgaged Property. From and after the Lien Effective Date, the Company shall maintain and preserve its title to the Mortgaged Property and the lien of this Indenture so long as any Bonds shall remain Outstanding, subject, however,
to the provisions of Article VIII and Article XIII. 

  
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 SECTION 7.02.    MAINTENANCE OF OFFICE OR AGENCY. 

The Company shall maintain in each Place of Payment for the Bonds of each series, or any Tranche thereof, an office or agency where payment of
such Bonds shall be made, and where the registration of transfer or exchange of such Bonds may be effected and where notices and demands to or upon the Company in respect of such Bonds and this Indenture may be served. The Company shall give prompt
written notice to the Trustee of the location, and any change in the location, of each such office or agency. If at any time the Company shall fail to maintain any such required office or agency in respect of Bonds of any series, or any Tranche
thereof, or shall fail to furnish the Trustee with the address thereof, payment of such Bonds shall be made, registration of transfer or exchange thereof may be effected and notices and demands in respect thereof may be served at the Corporate Trust
Office of the Trustee, and the Company hereby appoints the Trustee as its agent for all such purposes in any such event. 
 The Company may
also from time to time designate one or more other offices or agencies with respect to the Bonds of one or more series, or any Tranche thereof, for any or all of the foregoing purposes and may from time to time rescind such designations;
provided, however, that no such designation or rescission shall in any manner relieve the Company of its obligation to maintain an office or agency for such purposes. The Company shall give prompt written notice to the Trustee of any
such designation or rescission and of any change in the location of any such other office or agency. 
 Anything herein to the contrary
notwithstanding, any office or agency required by this Section may be maintained at an office of the Company, in which event the Company shall perform all functions to be performed at such office or agency. 

SECTION 7.03.    MONEY FOR BOND PAYMENTS TO BE HELD IN TRUST. 

If the Company shall at any time act as its own Paying Agent with respect to the Bonds of any series, or any Tranche thereof, it shall, on or
before each due date of the principal of and premium, if any, and interest, if any, on any of such Bonds, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal and premium or interest so
becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided. The Company shall promptly notify the Trustee, in writing, of any failure by the Company (or any other obligor on such Bonds) to make any payment
of principal of or premium, if any, or interest, if any, on such Bonds. 
 Whenever the Company shall have one or more Paying Agents for the
Bonds of any series, or any Tranche thereof, it shall, on or before each due date of the principal of and premium, if any, and interest, if any, on such Bonds, deposit with such Paying Agents sums sufficient (without duplication) to pay the
principal and premium or interest so becoming due, such sums to be held in trust for the benefit of the Persons entitled to such principal, premium or interest, and (unless such Paying Agent is the Trustee) the Company shall promptly notify the
Trustee, in writing, of any failure by it so to act. 

  
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 Upon their appointment as Paying Agent, the Company shall cause each Paying Agent for the
Bonds of any series, or any Tranche thereof, other than the Company or the Trustee, to execute and deliver to the Trustee an instrument in which such Paying Agent shall agree with the Trustee, subject to the provisions of this Section, that such
Paying Agent shall: 
 (a)    hold all sums held by it for the payment of the principal of and premium, if any, or
interest, if any, on such Bonds in trust for the benefit of the Persons entitled thereto until such sums shall be paid to such Persons or otherwise disposed of as herein provided; 

(b)    give the Trustee written notice of any failure by the Company (or any other obligor upon such Bonds) to make any
payment of principal of or premium, if any, or interest, if any, on such Bonds; and 
 (c)    at any time during the
continuance of any such failure, upon the written request of the Trustee, forthwith pay to the Trustee all sums so held in trust by such Paying Agent and furnish to the Trustee such information as it possesses regarding the names and addresses of
the Persons entitled to such sums. 
 The Company may at any time pay, or by Company Order direct any Paying Agent to pay, to the Trustee
all sums held in trust by the Company or such Paying Agent, such sums to be held by the Trustee upon the same trusts as those upon which such sums were held by the Company or such Paying Agent and, if so stated in a Company Order delivered to the
Trustee, in accordance with the provisions of Article IX; and, upon such payment by any Paying Agent to the Trustee, such Paying Agent shall be released from all further liability with respect to such money. 

Unless otherwise prescribed by applicable law, any money deposited with the Trustee or any Paying Agent, or then held by the Company, in trust
for the payment of the principal of and premium, if any, or interest, if any, on any Bond and remaining unclaimed for two years after such principal and premium, if any, or interest, if any, has become due and payable shall be paid to the Company on
Company Request, or, if then held by the Company, shall be discharged from such trust without further action by the Company, Trustee or any Paying Agent; and, upon such payment or discharge, the Holder of such Bond shall, as an unsecured general
creditor and not as the Holder of an Outstanding Bond, look only to the Company for payment of the amount so due and payable and remaining unpaid, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all
liability of the Company as trustee thereof, shall thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any such payment to the Company, shall, upon receipt of a Company Request and
at the expense of the Company, cause to be delivered, on one occasion only, notice to such Holder that such money remains unclaimed and that, after a date specified therein, which shall not be less than thirty (30) days from the date of such
notice, any unclaimed balance of such money then remaining will be paid to the Company. 
 SECTION 7.04.    CORPORATE
EXISTENCE. 
 Subject to the rights of the Company under Article XIII, the Company shall do or cause to be done all things
necessary to preserve and keep its corporate existence in full force and effect. 

  
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 SECTION 7.05.    MAINTENANCE OF PROPERTIES. 

From and after the Lien Effective Date, the Company shall cause (or, with respect to property owned in common with others, make reasonable
effort to cause) the Mortgaged Property, considered as a whole, to be maintained and kept in good condition, repair and working order and shall cause (or, with respect to property owned in common with others, make reasonable effort to cause) to be
made such repairs, renewals, replacements, betterments and improvements thereof, as, in the judgment of the Company, may be necessary in order that the operation of the Mortgaged Property, considered as a whole, may be conducted in accordance with
common industry practice; provided, however, that nothing in this Section shall prevent the Company from discontinuing, or causing the discontinuance of, the operation and maintenance of any portion of the Mortgaged Property; and
provided, further, that nothing in this Section shall prevent the Company from selling, transferring or otherwise disposing of, or causing the sale, transfer or other disposition of, any portion of the Mortgaged Property so long as any
such sale, transfer or other disposition is permitted by, and conducted in accordance with, the terms of this Indenture. 

SECTION 7.06.    PAYMENT OF TAXES; LIENS AND DISCHARGE OF LIENS. 

(a)    From and after the Lien Effective Date, the Company shall pay all taxes and assessments and other governmental
charges lawfully levied or assessed upon the Mortgaged Property, or upon any part thereof, or upon the interest of the Trustee in the Mortgaged Property, before the same shall become delinquent, and shall make reasonable effort to observe and
conform in all material respects to all valid requirements of any Governmental Authority relative to any of the Mortgaged Property and all covenants, terms and conditions upon or under which any of the Mortgaged Property is held. 

(b)    From and after the Lien Effective Date, the Company shall not create nor suffer to be created any Lien upon the
Mortgaged Property, or any part thereof, prior to, or pari passu with, the lien of this Indenture, other than Permitted Liens; provided, however, that nothing herein shall be construed as a subordination of the lien of this Indenture
to any Permitted Liens encumbering any part of the Mortgaged Property except to the extent that such subordination occurs or is effected by operation of law or pursuant to the provisions of Section 8.11 or
Section 11.07. 
 (c)    Notwithstanding anything to the contrary contained in this Section,
the Company shall not be required (i) to observe or conform to any requirement of a Governmental Authority or to cause to be paid or discharged, or to make provision for, any such Lien, or to pay any such tax, assessment or governmental charge
so long as the validity thereof shall be contested in good faith and by appropriate legal proceedings, (ii) to pay, discharge or make provisions for any tax, assessment or other governmental charge, the validity of which shall not be so
contested if adequate security for the payment of such tax, assessment or other governmental charge and for any penalties or interest which may reasonably be anticipated from failure to pay the same shall be given to the Trustee or (iii) to
pay, discharge or make provisions for any Liens existing on the Mortgaged Property on and as of the Execution Date; provided that the same constitute Permitted Liens; and provided, further, that nothing in this Section shall prohibit
the issuance or other incurrence of additional indebtedness, or the refunding of 

  
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 outstanding indebtedness, secured by any Lien prior to the lien hereof which is permitted under this Section
to continue to exist. Notwithstanding the foregoing, the Company shall not increase the principal amount of any Senior Lien Obligations secured by a Senior Lien on any Funded Property. 

SECTION 7.07.    INSURANCE. 

(a)    Subject to clause (e) below, the Company shall (i) keep or cause to be kept all Mortgaged Property
insured against loss by fire, to the extent that property of similar character is usually so insured by companies similarly situated and operating like properties, to a reasonable amount, by reputable insurance companies, the proceeds of such
insurance (except as to any Minor Loss) to be made payable, subject to applicable law, to the Trustee as the interest of the Trustee may appear, or to any holder of a Senior Lien securing Senior Lien Obligations if the terms of the applicable Senior
Lien require such payment, or (ii) in lieu of or supplementing such insurance in whole or in part, adopt some other method or plan of protection against loss by fire at least equal in protection to the method or plan of protection against loss
by fire of companies similarly situated and operating properties subject to similar fire hazards or properties on which an equal primary fire insurance rate has been set by reputable insurance companies; and if the Company shall adopt such other
method or plan of protection, it shall, subject to applicable law (and except as to any Minor Loss) pay to the Trustee on account of any loss covered by such method or plan an amount in cash equal to the amount of such loss less any amounts
otherwise paid to the Trustee in respect of such loss or paid to any holder of a Senior Lien securing Senior Lien Obligations in respect of such loss if the terms of the applicable Senior Lien require such payment. Any cash so required to be paid by
the Company pursuant to any such method or plan shall for the purposes of this Indenture be deemed to be proceeds of insurance. In case of the adoption of such other method or plan of protection, the Company shall also furnish to the Trustee a
certificate of an actuary or other qualified Person appointed by the Company with respect to the adequacy of such method or plan. 

Anything herein to the contrary notwithstanding, the Company may have fire insurance policies with (i) a deductible provision in a dollar
amount per occurrence not exceeding the applicable Deductible Limit and/or (ii) co-insurance or self insurance provisions with a dollar amount per occurrence not exceeding thirty percent (30%) of the loss
proceeds otherwise payable. 
 Anything herein to the contrary notwithstanding, the Company need not keep insured or protected by any other
method or plan, as contemplated herein, any part of the Mortgaged Property if such insurance or protection of such part of the Mortgaged Property is no longer available to the Company on commercially reasonable terms. 

(b)    All moneys paid to the Trustee by the Company in accordance with this Section or received by the Trustee as
proceeds of any insurance, in either case on account of a loss on or with respect to Funded Property, shall, subject to the requirements of any Senior Lien upon such Funded Property, be held by the Trustee, constitute Mortgaged Property, and,
subject as aforesaid, shall be paid by it to the Company free and clear of any Lien to reimburse the Company for an equal amount expended or committed for expenditure in the rebuilding, renewal and/or replacement of or substitution for the property
destroyed, damaged or otherwise lost (such property being referred to in this clause (b) as “lost property”), upon receipt by the Trustee of: 

  
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 (i)    a Company Request requesting such payment; 

(ii)    an Expert’s Certificate: 

(A)    describing the lost property; 

(B)    stating the Funded Property Basis of such lost property or, if such damage, destruction or loss
shall have affected only a portion of such Funded Property, stating the allocable portion of such Funded Property Basis (such allocation to be made on any reasonable basis as may be determined by the Company); 

(C)    stating the amounts so expended or committed for expenditure in the rebuilding, renewal,
replacement of and/or substitution for such lost property; and 
 (D)    stating (I) the Fair Value
to the Company of such lost property as rebuilt or renewed or as to be rebuilt or renewed and/or of the replacement or substituted property (such rebuilt, renewed, replaced or substituted property being referred to in this clause (b) as
the “replaced property”); provided, that, if any portion of such replaced property is an Acquired Facility and the Fair Value to the Company of such Acquired Facility as set forth in such Expert’s Certificate is not a De Minimis
Amount, then an Independent Expert shall opine as to the Fair Value to the Company of such Acquired Facility, (II) to the extent such replaced property is subject to a Senior Lien securing Senior Lien Obligations, the outstanding principal
amount of such Senior Lien Obligations as of the date of such certificate, and (III) the Net Fair Value of such replaced property; and 

(iii)    an Opinion of Counsel stating that, in the opinion of the signer, the Indenture creates, or upon
taking of the actions specified in such opinion, the Indenture will create, a lien on the replaced property. 
 Any such moneys not so
applied within thirty-six (36) months after its receipt by the Trustee, or in respect of which notice in writing of intention to apply the same to the work of rebuilding, renewal, replacement or
substitution then in progress and uncompleted shall not have been given to the Trustee by the Company within such thirty-six (36) months, or which the Company shall at any time notify the Trustee, in
writing, is not to be so applied, shall thereafter be withdrawn, used or applied in the manner, to the extent and for the purposes, and subject to the conditions, provided in Section 8.07; provided, however,
that (i) if the amount of such moneys shall exceed seventy percent (70%) of the amount stated pursuant to clause (B) in the Expert’s Certificate referred to above, or (ii) if any of such moneys remain after the Company
shall have replaced the lost property with replaced property and the Net Fair Value of the replaced property is at least equal to the Funded Property Basis of the lost property, then in each case, the amount of such excess shall not be deemed to be
Funded Cash, shall not be subject to 

  
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Section 8.07 and shall be remitted to or upon the written order of the Company free and clear of any Lien. All replaced property, to the extent that it has been built or
acquired with the proceeds of Funded Cash pursuant to this clause (b), shall constitute Mortgaged Property and Funded Property. 

Anything in this Indenture to the contrary notwithstanding, if Mortgaged Property on or with respect to which a loss occurs constitutes Funded
Property in part only, the Company may, at its election, obtain the reimbursement of insurance proceeds attributable to the part of such property which constitutes Funded Property under this subsection (b) and obtain the reimbursement of
insurance proceeds attributable to the part of such property which constitutes Unfunded Property under subsection (c) of this Section. 

(c)    All moneys paid to the Trustee by the Company in accordance with this Section or received by the Trustee as
proceeds of any insurance, in either case on account of a loss on or with respect to Unfunded Property shall, subject to the requirements of any applicable Senior Lien securing Senior Lien Obligations, be held by the Trustee, constitute Mortgaged
Property, and, subject as aforesaid, shall be paid by it to the Company free and clear of any Lien upon receipt by the Trustee of: 

(i)    a Company Request requesting such payment; 

(ii)    an Expert’s Certificate made and dated not more than ninety (90) days prior to the date
of such Company Request, stating: 
 (A)    that such moneys were paid to or received by the Trustee on
account of a loss on or with respect to Unfunded Property; 
 (B)    if true, (I) that the
aggregate Adjusted Property Additions Basis of all Property Additions which constitute Unfunded Property (excluding, to the extent of such loss, the property on or with respect to which such loss was incurred), is not less than zero (0), or
(II) that the amount of such loss does not exceed the aggregate Adjusted Property Additions Basis of all Property Additions acquired, made or constructed on or after the ninetieth (90th) day prior to the date of the Company Request requesting
such payment; and 
 (C)    if neither of the statements contemplated in subclause (B) above
can be made, the amount by which zero (0) exceeds the amount referred to in subclause (B)(I) above (showing in reasonable detail the calculation thereof) (such amount being referred to in this clause (c) as the “Make-up Amount”); and 
 (iii)    an amount in cash, to be
held by the Trustee and to constitute Mortgaged Property, equal to seventy percent (70%) of the Make-up Amount if the Expert’s Certificate required by clause (ii) above does not contain either
of the statements contemplated in clause (ii)(B) above. 
 To the extent that the Company shall be entitled to withdraw proceeds of
insurance pursuant to this subsection (c), such proceeds shall be deemed not to constitute Funded Cash. 

  
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 (d)    Whenever under the provisions of this Section the Company is
required to deliver moneys to the Trustee and at the same time shall have satisfied the conditions set forth herein for payment of moneys by the Trustee to the Company, there shall be paid to or retained by the Trustee or paid to the Company, as the
case may be, only the amount net of any taxes or other governmental charges, any administrative or other miscellaneous expenses of the insurance provider and any amounts allowed by this Indenture to be deducted from amounts payable to the Trustee.

 SECTION 7.08.    RECORDING, FURTHER ASSURANCES. 

(a)    Following the Lien Effective Date, the Company shall cause this Indenture and all indentures and instruments
supplemental hereto (or notices, memoranda or financing statements or amendments thereto as may be recorded or filed to place third parties on notice thereof) (together with accurate and complete legal descriptions of the Mortgaged Property,
including after-acquired Mortgaged Property) to be promptly recorded and filed and re-recorded and re-filed in such manner and in such places, as may be required by law
in order to fully preserve and protect the security of the Holders of the Bonds and all rights of the Trustee, and shall furnish to the Trustee: 

(i)    Within 120 calendar days after the Lien Effective Date and within 120 calendar days after the
execution and delivery of each supplemental indenture following the first supplemental indenture hereto, an Opinion of Counsel either stating that in the opinion of such counsel this Indenture or such supplemental indenture (or any other instrument,
notice, memorandum or financing statement in connection therewith) has been properly recorded and filed so as to make effective the lien intended to be created hereby or thereby, and reciting the details of such action, or stating that in the
opinion of such counsel no such action is necessary to make such lien effective. The Company shall be deemed to be in compliance with this subsection (i) if (x) the Opinion of Counsel herein required to be delivered to the Trustee shall
state that this Indenture or such supplemental indenture (or any other instrument, notice, memorandum or financing statement in connection therewith) has been received for record or filing in each jurisdiction in which it is required to be recorded
or filed and that, in the opinion of such counsel (if such is the case), such receipt for record or filing makes effective the lien intended to be created by this Indenture or such supplemental indenture, and (y) such opinion is delivered to
the Trustee within such time, following the date of execution of this Indenture, as originally executed and delivered, or such supplemental indenture, as shall be practicable having due regard to the number and distance of the jurisdictions in which
this Indenture or such supplemental indenture (or such other instrument, notice, memorandum or financing statement in connection therewith) is required to be recorded or filed (but in no event to exceed 120 calendar days; and 

(ii)    on or before June 1 of each year, beginning June 1, 2021, an Opinion of Counsel stating
either (x) that in the opinion of such counsel such action has been taken, since the date of the most recent Opinion of Counsel furnished pursuant to this subsection (ii) or the first Opinion of Counsel furnished pursuant to
clause (i) of this subsection (a), with respect to the recording, filing, re-recording, and re-filing of this Indenture and of each indenture
supplemental to this Indenture (or any other instrument, 

  
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notice, memorandum or financing statement or amendments thereto in connection therewith), as is necessary to maintain the lien hereof, and reciting the details of such action, or (y) that in
the opinion of such counsel no such action is necessary to maintain such lien. 
 (b)    From and after the Lien
Effective Date, the Company shall authorize, execute and deliver such supplemental indenture or indentures and such further instruments and do such further acts as may be necessary or proper to carry out the purposes of this Indenture and to make
subject to the lien hereof any property hereafter acquired, made or constructed and intended to be subject to the lien hereof, and to transfer to any new trustee or trustees or co-trustee or co-trustees, the estate, powers, instruments or funds held in trust hereunder. 

(c)    The Company hereby authorizes (in the event the Company fails to do so), from and after the Lien Effective Date,
the recordation and filing by the Trustee of one or more financing statements and amendments thereto or any continuation statements with respect thereto to perfect the Trustee’s security interest in any portion of the Mortgaged Property. The
Company hereby acknowledges, however, that it shall be its responsibility to file all such financing statements, amendments and continuation statements in the first instance. 

SECTION 7.09.    WAIVER OF CERTAIN COVENANTS. 

The Company may omit in any particular instance to comply with any term, provision or condition set forth in 

(a)    any covenant or restriction specified with respect to the Bonds of any one or more series, or any one or more
Tranches thereof, as contemplated by Section 3.01 if before the time for such compliance the Holders of not less than a majority in aggregate principal amount of the Outstanding Bonds of all series and Tranches with respect
to which compliance with such covenant or restriction is to be omitted, considered as one class, shall, by Act of such Holders, either waive such compliance in such instance or generally waive compliance with such term, provision or condition;
provided, however, that no such waiver shall be effective as to any of the matters contemplated in clause (a), (b), (c) or (d) in Section 14.02 without the consent of the
Holders specified in such Section; and 
 (b)    Section 7.04, 7.05, 7.06 or 7.07 or
Article XIII if, before the time for such compliance, the Holders of not less than a majority in principal amount of Bonds Outstanding under this Indenture shall, by Act of such Holders, either waive such compliance in such instance or
generally waive compliance with such term, provision or condition; 
 but, in either case, no such waiver shall extend to or affect such term, provision or
condition except to the extent so expressly waived, and, until such waiver shall become effective, the obligations of the Company and the duties of the Trustee in respect of any such term, provision or condition shall remain in full force and
effect. 
 SECTION 7.10.    ANNUAL OFFICER’S CERTIFICATE AS TO COMPLIANCE. 

Not later than June 1 in each year, commencing June 1, 2021, the Company shall deliver to the Trustee a certificate (which need not
comply with Section 1.04) executed by the principal 

  
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 executive officer, the principal financial officer or the principal accounting officer of the Company, as to
such officer’s knowledge of the Company’s compliance with all conditions and covenants under this Indenture, such compliance to be determined without regard to any period of grace or requirement of notice under this Indenture. 

ARTICLE VIII 

POSSESSION, USE AND RELEASE OF MORTGAGED PROPERTY 

SECTION 8.01.    QUIET ENJOYMENT. 

Unless one or more Events of Default shall have occurred and be continuing, the Company shall be permitted to possess, use, manage, operate and
enjoy the Mortgaged Property (except, to the extent not herein otherwise provided, such money, deposit accounts, instruments, investment property and other property as are expressly required by this Indenture to be paid or delivered to, deposited
with, or held by, the Trustee hereunder) freely and without any hindrance or interference on the part of the Trustee or of the Holders of the Bonds. 

SECTION 8.02.    DISPOSITIONS WITHOUT RELEASE. 

With respect to any Mortgaged Property or any interest therein, unless an Event of Default shall have occurred and be continuing, the Company
may at any time and from time to time, without any release or consent by, or report to, the Trustee: 
 (a)    sell or
otherwise dispose of, free from the lien of this Indenture, any machinery, equipment, apparatus, towers, transformers, poles, lines, cables, conduits, ducts, conductors, meters, regulators, holders, tanks, retorts, purifiers, odorizers, scrubbers,
compressors, valves, pumps, mains, pipes, service pipes, fittings, connections, services, tools, implements, computers, data processing, data storage, data transmission or telecommunications equipment, or any other fixtures or personalty, then
subject to the lien hereof, which shall have become old, inadequate, obsolete, worn out, unfit, unadapted, unserviceable, undesirable or unnecessary for use in the operations of the Company upon replacing the same by, or substituting for the same,
similar or analogous property, or other property performing a similar or analogous function or otherwise obviating the need therefor (provided, that such similar, analogous or other property constitutes Unfunded Property), having a Cost in the
aggregate to the Company at least equal to the Cost in the aggregate of the property sold or otherwise disposed of and subject to the lien hereof, subject to no Liens prior hereto except Permitted Liens and any other Liens to which the property sold
or otherwise disposed of was subject; 
 (b)    cancel or make changes or alterations in or substitutions for any and
all easements, servitudes, rights-of-way and similar rights and/or interests which are subject to the lien hereof; and 

(c)    grant, free from the lien of this Indenture, easements, ground leases or rights-of-way in, upon, over and/or across the property or rights-of-way of the Company for the purpose of roads, pipe lines,
transmission lines, distribution lines, communication lines, railways, removal of coal or other minerals or timber, and other like purposes, or for the joint or common 

  
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 use of real property,
rights-of-way, facilities and/or equipment; provided, however, that such grant shall not materially impair the use of the property or rights-of-way for the purposes for which such property or rights-of-way are held by the
Company. 
 The Trustee shall, from time to time, execute a written instrument with respect to any particular action taken by the Company
under this Section in order to confirm, based solely on its receipt of the documents in subclauses (i), (ii) and (iii) below of this clause (c), that such action does not require any release or consent by, or report
to, the Trustee, upon receipt by the Trustee of (i) a Company Order requesting the same, (ii) an Officer’s Certificate stating that, to the knowledge of the signer, no Event of Default has occurred and is continuing and stating
further that said action was duly taken by the Company in conformity with this Section, and (iii) an Opinion of Counsel stating that said action was duly taken by the Company in conformity with this Section. 

SECTION 8.03.    RELEASE OF FUNDED PROPERTY. 

Unless an Event of Default shall have occurred and be continuing, the Company may obtain the release of any part of the Mortgaged Property, or
any interest therein, which constitutes Funded Property, and the Trustee shall release all its right, title and interest in and to the same from the lien hereof, upon receipt by the Trustee of: 

(a)    a Company Order requesting the release of such property and transmitting therewith a form of instrument to effect
such release; 
 (b)    an Officer’s Certificate stating that, to the knowledge of the signer, no Event of Default
has occurred and is continuing; 
 (c)    an Expert’s Certificate made and dated not more than ninety
(90) days prior to the date of such Company Order, substantially in the form attached hereto as Schedule 2: 

(i)    describing the property to be released; 

(ii)    stating the Fair Value, in the judgment of the signers, of the property to be released; 

(iii)    stating the Funded Property Basis of the property to be released; and 

(iv)    stating that, in the judgment of the signers, such release will not impair the security under this
Indenture in contravention of the provisions hereof; 
 (d)    an Officer’s Certificate, substantially in the form
attached hereto as Schedule 3, stating: 
 (i)    the amount in cash (the “Cash Deposit
Amount”), if any, to be held by the Trustee and constituting Mortgaged Property (and which cash shall then constitute Funded Cash), which Cash Deposit Amount shall be equal to the difference between (A) the Funded Property Basis of the
property to be released, less any taxes and 

  
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expenses incidental to any sale, exchange, dedication or other disposition of the property to be released, and (B) the aggregate amount of the Cash Deposit Credit Items (as hereinafter
defined); and 
 (ii)    indicating one or more, or any combination, of the following property
(collectively, the “Cash Deposit Credit Items”), if any, and the amounts thereof, which together with the Cash Deposit Amount, if any, to be deposited with the Trustee shall form the basis for the release of property requested in
the Company Order referred to in clause (a) above of this Section: 
 (A)    the aggregate
principal amount of any Purchase Money Obligations delivered to the Trustee, to be held by the Trustee and constituting Mortgaged Property, which are secured by Purchase Money Liens upon the property to be released; 

(B)    the Adjusted Property Additions Basis (or, as provided below in this clause (ii)(B), the
Property Additions Basis), of any Property Additions which constitute Unfunded Property described in an Expert’s Certificate, dated not more than ninety (90) days prior to the date of the Company Order requesting such release and complying
with clause (ii) and, to the extent applicable, clause (iii) in Section 5.02(b), delivered to the Trustee; provided, however, that for purposes of the above, the Property Additions
Basis shall be substituted in lieu of the Adjusted Property Additions Basis if such Property Additions were acquired, made or constructed on or after the ninetieth (90th) day preceding the date of such Company Order; 

(C)    an amount equal to ten-sevenths (10/7ths) of the aggregate
principal amount of Bonds to the authentication and delivery of which the Company shall be entitled under the provisions of Section 5.03, by virtue of compliance with all applicable provisions of
Section 5.03 (except as hereinafter in this Section otherwise provided); provided, however, that such release shall operate as a waiver by the Company of the right to the authentication and delivery of such
Bonds and, to such extent, no such Bonds may thereafter be authenticated and delivered under Section 5.03; and any Bonds which were the basis of such right to the authentication and delivery of Bonds so waived shall be
deemed to have been made the basis of such release of property; and 
 (D)    an amount equal to ten-sevenths (10/7ths) of the aggregate principal amount of any Outstanding Bonds delivered to the Trustee. 

(e)    the Cash Deposit Amount and the Cash Deposit Credit Items stated in such Officer’s Certificate delivered to
the Trustee pursuant to clause (d) of this Section, which in the aggregate shall be at least equal to the Funded Property Basis of the property to be released, less any taxes and expenses incidental to any sale, exchange, dedication or
other disposition of the property to be released; 

  
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 (f)    if the release is on the basis of Property Additions or on the
basis of the right to the authentication and delivery of Bonds under Section 5.03, all documents contemplated below in this Section; and 

(g)    if the release is on the basis of the delivery to the Trustee of Purchase Money Obligations, as described in
clause (d)(ii)(A) in this Section, all documents contemplated below in this Section, to the extent required. 
 If and to the extent
that the release of property is, in whole or in part, based upon Property Additions (as described in clause (d)(ii)(B) in this Section), the Company shall, subject to the provisions of said clause (d)(ii)(B) and except as hereafter in
this paragraph provided, comply with clauses (ii) through (v) of Section 5.02(b) as if such Property Additions were to be made the basis of the authentication and delivery of Bonds equal in principal
amount to seventy percent (70%) of the Funded Property Basis of that portion of the property to be released, as shown by the Expert’s Certificate required by clause (c) in this Section, but recognizing that the action to be taken is
the release of property rather than the authentication and delivery of Bonds; provided, however, that the Cost of any Property Additions received or to be received by the Company in whole or in part as consideration in exchange for the
property to be released shall, for all purposes of this Indenture, be deemed to be the Fair Value of the property to be released as stated in the Expert’s Certificate provided for in clause (c) of this Section, (x) plus the
amount of any cash and the fair market value of any other consideration, further to be stated in such Expert’s Certificate, paid and/or delivered or to be paid and/or delivered by, and the amount of any obligations assumed or to be assumed by,
the Company in connection with such exchange as additional consideration for such Property Additions and/or (y) less the amount of any cash and the fair market value of any other consideration, which shall also be stated in such Expert’s
Certificate, received or to be received by the Company in connection with such exchange in addition to such Property Additions. Notwithstanding the foregoing, in no event shall the Company be required to deliver the documents specified in
Section 5.01. Any Property Additions which have become the basis for the release of Funded Property pursuant to this Section shall constitute Funded Property. 

If and to the extent that the release of property is, in whole or in part, based upon the right to the authentication and delivery of Bonds
under Section 5.03 (as described in clause (d)(ii)(C) of this Section), the Company shall, except as hereafter in this paragraph provided, comply with Section 5.03(b) relating to such
authentication and delivery, but recognizing that the action to be taken is the release of property rather than the authentication and delivery of Bonds. Notwithstanding the foregoing provisions of this paragraph, in no event shall the Company be
required to deliver the documents specified in Section 5.01. 
 If the release of property is, in whole or in
part, based upon the delivery to the Trustee of Purchase Money Obligations (as described in clause (d)(ii)(A) of this Section), the Company shall deliver to the Trustee: 

(a)    an Officer’s Certificate (i) stating that no event has occurred and is continuing which entitles the
holder of the Purchase Money Lien securing such Purchase Money Obligations to accelerate the maturity of the Purchase Money Obligations, if any, outstanding thereunder, (ii) reciting the aggregate principal amount of Purchase Money Obligations,
if any, 

  
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then outstanding thereunder in addition to the Purchase Money Obligations then being delivered in connection with the release of such property and the terms and conditions, if any, on which
additional Purchase Money Obligations are permitted to be issued; and 
 (b)    an Opinion of Counsel stating that, in
the opinion of the signer, (i) such Purchase Money Obligations are valid obligations, (ii) such Purchase Money Lien constitutes, or, upon the taking of the actions specified in such opinion, will constitute, a Lien upon the property to be
released, subject, to the knowledge of such counsel, to no Lien prior thereto except Liens generally of the character of Permitted Liens and such Liens, if any, as shall have existed thereon immediately prior to such release as Liens prior to the
lien of this Indenture, (iii) if any Purchase Money Obligations in addition to the Purchase Money Obligations being delivered in connection with such release of property are then outstanding, or are permitted to be issued, under such Purchase
Money Lien, (A) that such Purchase Money Lien constitutes, or, upon the taking of the actions specified in such opinion, will constitute, a Lien upon all other property, if any, purporting to be subject thereto, subject, to the knowledge of
such counsel, to no Lien prior thereto except Liens generally of the character of Permitted Liens and Liens permitted to exist or to be hereafter created under Section 7.06 and (B) that the terms of such Purchase Money
Lien, as then in effect, do not permit the issuance of Purchase Money Obligations thereunder except on the basis of property generally of the character of Property Additions, the retirement or deposit of outstanding Purchase Money Obligations, the
deposit of prior Lien obligations or the deposit of cash. 
 If the Opinion of Counsel provided to the Trustee pursuant to clause
(b) above is conditioned upon the filing and/or recording of any instruments of conveyance, assignment or transfer, the Company shall promptly cause such instruments to be filed and/or recorded in the proper places and manner and shall
deliver to the Trustee evidence of such filing and/or recording promptly upon receipt of such evidence by the Company. 
 Any Outstanding
Bonds delivered to the Trustee pursuant to clause (d)(ii)(D) of this Section shall forthwith be canceled by the Trustee. Any cash and/or Purchase Money Obligations deposited with the Trustee pursuant to clause (d)(ii)(A) of this
Section, and the proceeds of any such Purchase Money Obligations, shall be held by the Trustee and constitute Mortgaged Property and shall be withdrawn, released, used or applied in the manner, to the extent and for the purposes, and subject to the
conditions, provided in Section 8.07. 
 Anything in this Indenture to the contrary notwithstanding, if property
to be released constitutes Funded Property in part only, the Company shall obtain the release of the part of such property which constitutes Funded Property under this Section and obtain the release of the part of such property which constitutes
Unfunded Property under Section 8.04; provided, that the foregoing shall not preclude the release of such property under any other applicable Section of this Article VIII. In such event, (i) the application of
Property Additions in the release under clause (d)(ii)(B) of this Section shall be taken into account in clause (vi) or clause (vii), whichever may be applicable, of the Expert’s Certificate described in clause
(c) in Section 8.04 and (ii) the Trustee shall, at the election of the Company, execute and deliver a separate instrument of release with respect to the property released under each of such Sections or a
consolidated instrument of release with respect to the property released under both of such Sections considered as a whole. To the extent that only a portion of any Funded Property is to be 

  
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released under this Section 8.03, the Company shall be entitled to make an allocation of the Funded Property Basis between that portion of the Funded Property being
released and that portion of the Funded Property remaining subject to the lien of this Indenture on any reasonable basis as may be determined by the Company. 

SECTION 8.04.    RELEASE OF PROPERTY CONSTITUTING UNFUNDED PROPERTY. 

Unless an Event of Default shall have occurred and be continuing, the Company may obtain the release of any part of the Mortgaged Property, or
any interest therein, which constitutes Unfunded Property, and the Trustee shall release all its right, title and interest in and to the same from the lien hereof, upon receipt by the Trustee of: 

(a)    a Company Order requesting the release of such property and transmitting therewith a form of instrument to effect
such release; 
 (b)    an Officer’s Certificate stating that, to the knowledge of the signer, no Event of Default
has occurred and is continuing; 
 (c)    an Expert’s Certificate, made and dated not more than ninety
(90) days prior to the date of such Company Order, substantially in the form attached hereto as Schedule 4: 

(i)    describing the property to be released; 

(ii)    stating (A) the Fair Value, in the judgment of the signers, of the property to be released,
(B) to the extent such property to be released is subject to a Senior Lien securing Senior Lien Obligations, the outstanding principal amount of such Senior Lien Obligations as of the date of such certificate, and (C) the Net Fair Value of
the property to be released; 
 (iii)    stating the Cost and Net Cost of the property to be released;

 (iv)    stating the Property Additions Basis of the property to be released; 

(v)    stating that the property to be released constitutes Unfunded Property; 

(vi)    if true, stating (I) that the aggregate Adjusted Property Additions Basis of all Property
Additions which constitute Unfunded Property (excluding the property to be released), is not less than zero (0), or (II) that the Adjusted Property Additions Basis of the property to be released does not exceed the aggregate Adjusted Property
Additions Basis of all Property Additions acquired, made or constructed on or after the ninetieth (90th) day prior to the date of the Company Order requesting such release; 

(vii)    if neither of the statements contemplated in subclause (vi) above can be made, stating
(A) the amount by which zero (0) exceeds the amount referred to in subclause (vi)(I) above (showing in reasonable detail the calculation thereof) (such 

  
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amount being referred to in this Section as the “Make-up Amount”) and (B) the amount in cash, if any, to be deposited by the Company,
held by the Trustee, and constitute Mortgaged Property, calculated as described in clause (d) below of this Section; and 

(viii)    stating that, in the judgment of the signers, such release will not impair the security under
this Indenture in contravention of the provisions hereof; 
 (d)    if the Expert’s Certificate required by
clause (c) above does not contain either of the statements contemplated in clause (c)(vi) above, an amount in cash equal to seventy percent (70%) of the lower of (i) the Property Additions Basis of the property to be released
and (ii) the Make-up Amount, less the aggregate of items of the character described in clauses (d)(ii)(C) and (d)(ii)(D) of Section 8.03 then to be used as a credit
against cash required to be deposited under this clause (d) (subject, however, to the same limitations and conditions with respect to such items as are set forth in Section 8.03); and 

(e)    items of the character described in clause (d) above in this Section, if any, being used by the Company
as a credit against cash required to be deposited with the Trustee pursuant to clause (d) above in this Section. 

SECTION 8.05.    RELEASE OF PROPERTIES WITHIN ANNUAL LIMITS. 

(a)    Notwithstanding the provisions of Sections 8.03 and 8.04, unless an Event of Default shall have
occurred and be continuing, the Company may obtain the release from the lien hereof of any part of the Mortgaged Property, or any interest therein, and the Trustee shall whenever from time to time requested by the Company in a Company Order
transmitting therewith a form of instrument to effect such release, and without requiring compliance with any of the provisions of Section 8.03 or 8.04, release from the lien hereof all the right, title and interest
of the Trustee in and to the same, provided that the aggregate Fair Value of the property to be so released on any date in a given calendar year, together with the Fair Value of all other property released pursuant to this
Section 8.05(a) in such calendar year, shall not exceed the greater of (i) Ten Million Dollars ($10,000,000) for calendar year 2020; provided, that with respect to any subsequent calendar year, such amount shall be
increased by the same percentage increase in the CPI Index for the period commencing January 1, 2020 and ending on January 1 of the applicable calendar year as set forth in an Officer’s Certificate delivered to the Trustee and
(ii) three percent (3%) of the aggregate principal amount of Bonds then Outstanding. 
 (b)    Prior to the
granting of any release under this Section, there shall be delivered to the Trustee: 
 (i)    an
Officer’s Certificate stating that, to the knowledge of the signer, no Event of Default has occurred and is continuing, and 

(ii)    an Expert’s Certificate stating (A) in the judgment of the signers, the Fair Value of the
property to be released and the aggregate Fair Value of all other property theretofore released pursuant to this Section in such calendar year, (B) as to Funded Property, the Funded Property Basis thereof, and (C) that, in the judgment of
the signers, the release thereof will not impair the security under this Indenture in contravention of the provisions hereof. 

  
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 (c)    On or before December 31st of each calendar year, the Company
shall deposit with the Trustee an amount in cash equal to seventy percent (70%) of the aggregate Funded Property Basis of the properties constituting Funded Property so released during such year (the “Cash Deposit Amount”) and such
Cash Deposit Amount shall constitute Mortgaged Property; provided, however, that the Cash Deposit Amount may be reduced, at the election of the Company, by any of, or any combination of, the Cash Deposit Credit Items specified in
clause (d)(ii) of Section 8.03, subject to all of the limitations and conditions specified in such Section, to the same extent as if such property were being released pursuant to
Section 8.03. 
 Any cash deposited with the Trustee under this Section may thereafter be withdrawn, used or
applied in the manner, to the extent and for the purposes, and subject to the conditions, provided in Section 8.07. 

SECTION 8.06.    PURCHASE MONEY OBLIGATIONS. 

(a)    Any Purchase Money Obligations delivered to the Trustee in consideration of the release of property from the lien of
this Indenture, together with any evidence of the applicable Purchase Money Lien held by the Trustee, shall be released from the lien of this Indenture and delivered to or upon the written order of the Company upon payment by the Company to the
Trustee of an amount in cash equal to the aggregate principal amount of such Purchase Money Obligations less the aggregate amount theretofore paid to the Trustee (by the Company, the obligor or otherwise) in respect of the principal of such Purchase
Money Obligations, such cash to constitute Mortgaged Property. 
 (b)    The principal of and interest on any such
Purchase Money Obligations secured by a Purchase Money Lien held by the Trustee shall be held by the Trustee as and when the same are received by the Trustee and shall constitute Mortgaged Property. The interest received by the Trustee on any such
Purchase Money Obligations shall be deemed not to constitute Funded Cash and shall be remitted to the Company free and clear of any Lien; provided, however, that if an Event of Default shall have occurred and be continuing, such
proceeds shall constitute Mortgaged Property and shall be retained by the Trustee until such Event of Default shall have been cured or waived. 

(c)    The Trustee shall have and may exercise all the rights and powers of any owner of such Purchase Money Obligations
and of all substitutions therefor and, without limiting the generality of the foregoing, may collect and receive all insurance moneys payable to it under any of the provisions thereof and apply the same in accordance with the provisions thereof, may
consent to extensions thereof at a higher or lower rate of interest, may join in any plan or plans of voluntary or involuntary reorganization or readjustment or rearrangement and may accept and hold hereunder new obligations, stocks or other
securities issued in exchange therefor under any such plan. Any discretionary action which the Trustee may be entitled to take in connection with any such Purchase Money Obligations or substitutions therefor shall be taken, so long as no Event of
Default shall have occurred and be continuing, in accordance with a Company Order, and, during the continuance of an Event of Default, acting at the written direction by the Holders of at least a majority in aggregate principal amount of the Bonds
then Outstanding. 

  
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 (d)    Anything herein to the contrary notwithstanding, the Company may
irrevocably waive all right to the withdrawal pursuant to this Section of, and any other rights with respect to, any Purchase Money Obligations held by the Trustee, and the proceeds of any such Purchase Money Obligations, by delivery to the Trustee
of a Company Order: 
 (i)    specifying such Purchase Money Obligations and stating that the Company
thereby waives all rights to the withdrawal thereof and of the proceeds thereof pursuant to this Section, and any other rights with respect thereto; and 

(ii)    directing that the principal of such Purchase Money Obligations be applied as provided in
clause (e) of Section 8.07, specifying the Bonds to be paid or redeemed or for the payment or redemption of which payment is to be made. 

Following any such waiver, the interest on any such Purchase Money Obligations shall be applied to the payment of interest, if any, on the
Bonds to be paid or redeemed or for the payment or redemption of which provision is to be made, as specified in the aforesaid Company Order, as and when such interest shall become due from time to time, and any excess funds remaining from time to
time after such application shall be applied to the payment of interest on any other Bonds as and when the same shall become due. Pending any such application, the interest on such Purchase Money Obligations shall be invested in Investment
Securities specified in a Company Order. The principal of any such Purchase Money Obligations shall be applied solely to the payment of principal of the Bonds to be paid or redeemed or for the payment or redemption of which provision is to be made,
as specified in the aforesaid Company Order. Pending such application, the principal of such Purchase Money Obligations shall be invested in Eligible Obligations specified in a Company Order. The obligation of the Company to pay the principal of
such Bonds when the same shall become due at Maturity, shall be offset and reduced by the amount of the proceeds of such Purchase Money Obligations then held, and to be applied, by the Trustee in accordance with this paragraph. In no event shall the
Trustee be liable for determining whether any investment fits within the criteria set forth in “Investment Securities” or for any loss incurred in connection with the sale of any Investment Security pursuant to this Section. In the absence
of a Company Order directing the Trustee to invest cash held by the Trustee hereunder, funds shall remain univested until the Trustee shall have received a Company Order directing the Trustee to invest such cash in another Investment Security. The
Trustee shall not be accountable or liable for any losses resulting from the sale or depreciation in the market value of investments made pursuant to this Indenture and Company Orders. 

SECTION 8.07.    WITHDRAWAL OR OTHER APPLICATION OF FUNDED CASH. 

Subject to the provisions of Section 5.04 with respect to Deposited Cash and except as hereafter in this Section
provided, unless an Event of Default shall have occurred and be continuing, any Funded Cash held by the Trustee, and any other cash which is required to be withdrawn, used or applied as provided in this Section, 

(a)    may be withdrawn from time to time by the Company free and clear of any Lien to the extent of the Adjusted Property
Additions Basis (or, as provided below in this clause (a), the Property Additions Basis) of Property Additions constituting Unfunded Property, described in an Expert’s Certificate, dated not more than ninety (90) days prior to the
date of the 

  
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Company Order requesting such withdrawal and complying with clause (ii) and, to the extent applicable, clause (iii) in Section 5.02(b), delivered
to the Trustee; provided, however, that, for purposes of the above, the Property Additions Basis shall be substituted in lieu of the Adjusted Property Additions Basis if such Property Additions were acquired, made or constructed on or
after the ninetieth (90th) day preceding the date of such Company Order; 
 (b)    may be withdrawn from time to time by
the Company free and clear of any Lien in an amount equal to ten-sevenths (10/7ths) of the aggregate principal amount of Bonds to the authentication and delivery of which the Company shall be entitled under
the provisions of Section 5.03 hereof, by virtue of compliance with all applicable provisions of Section 5.03 (except as hereinafter in this Section otherwise provided); provided,
however, that such withdrawal of cash shall operate as a waiver by the Company of the right to the authentication and delivery of such Bonds and, to such extent, no such Bonds may thereafter be authenticated and delivered hereunder; and any
such Bonds which were the basis of such right to the authentication and delivery of Bonds so waived shall be deemed to have been made the basis of such withdrawal of cash; 

(c)    may be withdrawn from time to time by the Company free and clear of any Lien in an amount equal to ten-sevenths (10/7ths) of the aggregate principal amount of any Outstanding Bonds delivered to the Trustee; 

(d)    may, upon delivery of a Company Request to the Trustee, be used by the Trustee for the purchase of Bonds in the
manner, at the time or times, in the amount or amounts, at the price or prices (not exceeding ten-sevenths (10/7ths) of the principal amount thereof) and otherwise as directed or approved by the Company, all
subject to the limitations hereafter in this Section set forth; or 
 (e)    may, upon delivery of a Company Request to
the Trustee, be applied by the Trustee to the payment (or provision therefor pursuant to Article IX) at Stated Maturity of any Bonds or to the redemption (or similar provision therefor) of any Bonds which are, by their terms, redeemable, in
each case of such series as may be designated by the Company, any such redemption to be in the manner and as provided in Article VI, all subject to the limitations hereafter in this Section set forth. 

Such moneys shall, from time to time, be paid or used or applied by the Trustee, as aforesaid, upon the request of the Company in a Company
Order, and upon receipt by the Trustee of an Officer’s Certificate stating that, to the knowledge of the signer, no Event of Default has occurred and is continuing. If and to the extent that the withdrawal of cash is based upon Property
Additions (as permitted under the provisions of clause (a) above), the Company shall, subject to the provisions of said clause (a) and except as hereafter in this paragraph provided, comply with clauses
(ii) through (v) of Section 5.02(b) as if such Property Additions were made the basis for the authentication and delivery of Bonds equal in principal amount to seventy percent (70%) of the cash so to be
withdrawn, but recognizing that the action to be taken is the release of Funded Cash rather than the authentication and delivery of Bonds. Any Property Additions which have become the basis for the withdrawal of cash pursuant to this Section shall
constitute Funded Property. If and to the extent that the withdrawal of cash is based upon the right to the authentication and delivery of Bonds (as permitted under the provisions of clause (b) 

  
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 above), the Company shall, except as hereafter in this paragraph provided, comply with
Section 5.03(b) relating to such authentication and delivery, but recognizing that the action to be taken is the release of Funded Cash rather than the authentication and delivery of Bonds. Notwithstanding the foregoing
provisions of this paragraph, in no event shall the Company be required to deliver the documents specified in Section 5.01. 

Notwithstanding the generality of clauses (d) and (e) above, no cash to be applied pursuant to such clauses shall be
applied to the payment of an amount in excess of the principal amount of any Bonds to be purchased, paid or redeemed except to the extent that the aggregate principal amount of all Bonds theretofore, and of all Bonds then to be, purchased, paid or
redeemed pursuant to such clauses is not less than the aggregate cost for principal of, premium, if any, and accrued interest, if any, on and brokerage commissions, if any, with respect to, such Bonds. 

Any Outstanding Bonds delivered to the Trustee pursuant to clause (c) in this Section shall forthwith be canceled by the Trustee.

 SECTION 8.08.    RELEASE OF PROPERTY TAKEN BY EMINENT DOMAIN, ETC. 

Should any of the Mortgaged Property, or any interest therein, be taken by exercise of the power of eminent domain or be sold to an entity
possessing the power of eminent domain under a threat to exercise the same, and should the Company elect not to obtain the release of such property pursuant to other provisions of this Article, the Trustee shall, upon request of the Company
evidenced by a Company Order transmitting therewith a form of instrument to effect such release, release from the lien hereof all its right, title and interest in and to the property so taken or sold (or with respect to an interest in property,
subordinate the lien hereof to such interest), upon receiving (a) an Opinion of Counsel to the effect that such property has been taken by exercise of the power of eminent domain or has been sold to an entity possessing the power of eminent
domain under threat of an exercise of such power, (b) an Officer’s Certificate stating the amount of net proceeds received or to be received for such property so taken or sold, and the amount so stated shall be deemed to be the Fair Value
of such property for the purpose of any notice to the Holders of Bonds, (c) if any portion of such property constitutes Funded Property, an Expert’s Certificate stating the Funded Property Basis thereof and (d) if any portion of such
property constitutes Funded Property, a deposit by the Company of an amount in cash equal to seventy percent (70%) of the Funded Property Basis stated in the Expert’s Certificate delivered pursuant to clause (c) above, such deposit
to constitute Mortgaged Property; provided, however, that the amount required to be so deposited shall not exceed the portion of the net proceeds received or to be received for such property so taken or sold which is allocable on a pro-rata or other reasonable basis to the portion of such property constituting Funded Property; and provided, further, that the net proceeds of such taking or sale required to be deposited pursuant to
this Section shall be reduced by the amount of cash or other consideration that has been delivered to or otherwise deposited with a holder of a Senior Lien securing Senior Lien Obligations in accordance with the provisions of such Senior Lien, all
as stated in an Officer’s Certificate delivered to the Trustee (which shall also state that such cash or consideration has not previously been applied by the Company as a credit against any other deposit of cash required to be made by the
Company under this Indenture). Any cash deposited with the Trustee under this Section may thereafter be withdrawn, used or applied in the manner, to the extent and for the purposes, and subject to the conditions, provided in
Section 8.07. 

  
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 SECTION 8.09.    DISCLAIMER OR QUITCLAIM. 

In case the Company has sold, exchanged, dedicated, pledged, assigned, transferred or otherwise disposed of, or has agreed or intends to sell,
exchange, dedicate, pledge, assign, transfer or otherwise dispose of, or a Governmental Authority has ordered the Company to divest itself of, any Excepted Property or any other property not subject to the lien hereof, or the Company desires to
disclaim or quitclaim title to property to which the Company does not purport to have title, the Trustee shall, from time to time, disclaim or quitclaim such property and any interest it may have therein upon receipt by the Trustee of the following:

 (a)    a Company Order requesting such disclaimer or quitclaim and transmitting therewith a form of instrument to
effect such disclaimer or quitclaim; 
 (b)    an Officer’s Certificate describing the property to be disclaimed or
quitclaimed; and 
 (c)    an Opinion of Counsel stating the signer’s opinion that such property does not
constitute Mortgaged Property. 
 SECTION 8.10.    MISCELLANEOUS. 

(a)    If the Fair Value of the property to be released from the lien of this Indenture in accordance with any provision of
this Article plus the Fair Value of all other property released since the commencement of the then current calendar year, as set forth in the certificates required by this Indenture, is ten percent (10%) or more of the aggregate principal amount of
the Bonds at the time Outstanding, an Independent Expert shall be required to make the certifications in the Expert’s Certificate required pursuant to this Article as to the Fair Value of the property to be released and as to the nonimpairment
of the security under this Indenture. Notwithstanding the previous sentence, an Expert’s Certificate shall not be required to be made by an Independent Expert in the case of any release of property if the Fair Value of such property to be
released, as set forth in the certificates required by this Indenture, is a De Minimis Amount. To the extent that the Fair Value of any property to be released from the lien of this Indenture shall be stated in an Independent Expert’s
Certificate, such Fair Value shall not be required to be stated in any other Expert’s Certificate delivered in connection with such release. 

(b)    No release of property from the lien of this Indenture effected in accordance with the provisions, and in
compliance with the conditions, set forth in this Article and in Sections 1.04 and 1.05 shall be deemed to impair the security of this Indenture in contravention of any provision hereof. 

(c)    If the Mortgaged Property shall be in the possession of a receiver or trustee, lawfully appointed, the powers
hereinbefore conferred upon the Company with respect to the release of any part of the Mortgaged Property or any interest therein or the withdrawal of cash may be exercised, with the approval of the Trustee, by such receiver or trustee,
notwithstanding that an Event of Default may have occurred and be continuing, and any request, 

  
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 certificate, appointment or approval made or signed by such receiver or trustee for such purposes shall be
as effective as if made by the Company or any of its officers or appointees in the manner herein provided; and if the Trustee (or its nominee) shall be in possession of the Mortgaged Property under any provision of this Indenture, then such powers
may be exercised by the Trustee (or its nominee), acting at the written direction by the Holders of at least a majority in aggregate principal amount of the Bonds then Outstanding, notwithstanding that an Event of Default may have occurred and be
continuing. 
 (d)    If the Company shall retain any interest in any property released from the lien of this Indenture
as provided in Section 8.03, 8.04 or 8.05, this Indenture shall not become or be, or be required to become or be, a Lien upon such property or such interest therein or any improvements, extensions or additions
to such property or renewals, replacements or substitutions of or for such property or any part or parts thereof or any proceeds of any of the foregoing unless the Company shall execute and deliver to the Trustee an indenture supplemental hereto, in
recordable form, containing a grant, conveyance, transfer and mortgage thereof. As used in this subsection, the terms “improvements”, “extensions” and “additions” shall be limited as set forth in
Section 13.01. 
 (e)    Notwithstanding the occurrence and continuance of an Event of
Default, the Trustee may release from the lien hereof any part of the Mortgaged Property or permit the withdrawal of cash, upon compliance with the other conditions specified in this Article in respect thereof. 

(f)    No purchaser or grantee of property purporting to have been released hereunder shall be bound to ascertain the
authority of the Trustee to execute the release, or to inquire as to any facts required by the provisions hereof for the exercise of such authority; nor shall any purchaser or grantee of any property or rights permitted by this Article to be sold,
granted, exchanged, dedicated or otherwise disposed of, be under obligation to ascertain or inquire into the authority of the Company to make any such sale, grant, exchange, dedication or other disposition. 

SECTION 8.11.    PRIORITY OF PURCHASE MONEY LIENS AND CONSERVATION EASEMENTS. 

(a)    The Trustee hereby acknowledges and agrees to subordinate the lien of this Indenture to any Purchase Money Lien or
conservation easement upon receipt by the Trustee of (i) a Company Request for any such subordination which includes a description of the Purchase Money Lien or the conservation easement to which this Indenture is being subordinated,
(ii) an Officer’s Certificate stating that no Event of Default has occurred and is continuing to the knowledge of the signer, that the mortgage or other instrument or agreement with respect to which a subordination is being requested is a
Purchase Money Lien or conservation easement and stating that such Purchase Money Lien or conservation easement does not encumber any Funded Property, and (iii) a form of instrument appropriate and reasonably satisfactory to the Trustee to
effect such subordination. Upon receipt of the foregoing, the Trustee hereby agrees to promptly execute, acknowledge and deliver the instrument described in clause (iii) above or any other instrument (in form and substance reasonably
satisfactory to the Trustee) that the Company may request in order to evidence or 

  
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 effect the subordination as requested by the Company. Notwithstanding the foregoing, nothing herein shall
require the Trustee to, and the Trustee shall not unless otherwise permitted under the terms of this Indenture, subordinate the lien of this Indenture to any Purchase Money Lien or conservation easement which encumbers Funded Property. 

(b)    Notwithstanding clause (a) of this Section, the lien of this Indenture shall be subordinate and junior
in priority to any LCC Conservation Easement existing at the Execution Date or hereafter granted by the Company in accordance with the LCC Settlement and Stipulation, without any further action by the Company, any holder of such LCC Conservation
Easement or the Trustee. Without limiting the foregoing, if requested by the Company by delivery of an Officer’s Certificate to the Trustee, the Trustee agrees to promptly execute and deliver a form of instrument provided by the Company to
confirm such subordination. 
 ARTICLE IX 

SATISFACTION AND DISCHARGE 

SECTION 9.01.    SATISFACTION AND DISCHARGE OF BONDS. 

Any Bond or Bonds, or any portion of the principal amount thereof, shall be deemed to have been paid and no longer Outstanding for all purposes
of this Indenture, and the entire indebtedness of the Company in respect thereof shall be satisfied and discharged, if there shall have been irrevocably deposited with the Trustee or any Paying Agent (other than the Company), in trust: 

(a)    money (including Funded Cash not otherwise applied pursuant to Section 8.07) in an amount
which shall be sufficient, or 
 (b)    in the case of a deposit made prior to the Maturity of such Bonds or portions
thereof, Eligible Obligations, which shall not contain provisions permitting the redemption or other prepayment thereof at the option of the issuer thereof, the principal of and the interest on which when due, without any regard to reinvestment
thereof, will provide moneys which, together with the money, if any, deposited with or held by the Trustee or such Paying Agent, shall be sufficient, or 

(c)    a combination of (a) or (b) which shall be sufficient to pay when due the principal of and premium, if any,
and interest, if any, due and to become due on such Bonds or portions thereof; provided, however, that in the case of the provision for payment or redemption of less than all the Bonds of any series or Tranche, such Bonds or portions
thereof shall have been selected as provided in Section 6.03 herein and, in the case of a redemption, the notice requisite to the validity of such redemption shall have been given or irrevocable authority shall have been given by the Company to
the Trustee to give such notice, under arrangements satisfactory to the Trustee; and provided, further, that the Company shall have delivered to the Trustee and such Paying Agent: 

(x)    if such deposit shall have been made prior to the Maturity of such Bonds, a Company Order stating
that the money and Eligible Obligations deposited in accordance with this Section shall be held in trust, as provided in Section 9.03; 

  
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 (y)    if Eligible Obligations shall have been
deposited, an Opinion of Counsel to the effect that such obligations constitute Eligible Obligations and do not contain provisions permitting the redemption or other prepayment thereof at the option of the issuer thereof, and an opinion of an
Independent public Accountant of nationally recognized standing, selected by the Company, to the effect that the other requirements set forth in clause (b) above have been satisfied; and 

(z)    if such deposit shall have been made prior to the Maturity of such Bonds, an Officer’s
Certificate stating the Company’s intention that, upon delivery of such Officer’s Certificate, its indebtedness in respect of such Bonds or portions thereof will have been satisfied and discharged as contemplated in this Section. 

Upon the deposit of money or Eligible Obligations, or both, in accordance with this Section, together with the documents required by
clauses (x), (y) and (z) above, the Trustee shall, upon Company Request, acknowledge in writing that such Bonds or portions thereof are deemed to have been paid for all purposes of this Indenture and that the entire
indebtedness of the Company in respect thereof has been satisfied and discharged as contemplated in this Section. In the event that all of the conditions set forth in the preceding paragraph shall have been satisfied in respect of any Bonds or
portions thereof except that, for any reason, the Officer’s Certificate specified in clause (z) (if otherwise required) shall not have been delivered, such Bonds or portions thereof shall nevertheless be deemed to have been paid for all
purposes of this Indenture, and the Holders of such Bonds or portions thereof shall nevertheless be no longer entitled to the benefit of the lien of this Indenture (other than with respect to such deposit, which shall constitute Mortgaged Property)
or of any of the covenants of the Company under Article VII (except the covenants contained in Sections 7.02 and 7.03) or any other covenants made in respect of such Bonds or portions thereof as contemplated by
Section 3.01, but the indebtedness of the Company in respect of such Bonds or portions thereof shall not be deemed to have been satisfied and discharged prior to Maturity for any other purpose; and, upon Company Request,
the Trustee shall acknowledge in writing that such Bonds or portions thereof are deemed to have been paid for all purposes of this Indenture. 

If payment at Stated Maturity of less than all of the Bonds of any series, or any Tranche thereof, is to be provided for in the manner and
with the effect provided in this Section, such Bonds, or portions of principal amount thereof, shall be selected in the manner specified by Section 6.03 for selection for redemption of less than all the Bonds of a series or
Tranche. 
 In the event that Bonds which shall be deemed to have been paid for purposes of this Indenture, and, if such is the case, in
respect of which the Company’s indebtedness shall have been satisfied and discharged, all as provided in this Section, do not mature and are not to be redeemed within the sixty (60) day period commencing with the date of the deposit of
moneys or Eligible Obligations, as aforesaid, the Company shall, as promptly as practicable, give a notice, in the same manner as a notice of redemption with respect to such Bonds, to the Holders of such Bonds to the effect that such deposit has
been made and the effect thereof. 

  
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 Notwithstanding that any Bonds shall be deemed to have been paid for purposes of this
Indenture, as aforesaid, the obligations of the Company and the Trustee in respect of such Bonds under Sections 3.04, 3.05, 3.06, 6.04, 7.02, 7.03, 11.07 and 11.15 and this Article, and the
Trustee’s rights under Article XI, shall survive. 
 The Company shall pay, and shall indemnify the Trustee or any Paying Agent with
which Eligible Obligations shall have been deposited as provided in this Section against, any tax, fee or other charge imposed on or assessed against such Eligible Obligations or the principal or interest received in respect of such Eligible
Obligations, including, but not limited to, any such tax payable by any entity deemed, for tax purposes, to have been created as a result of such deposit. 

Anything herein to the contrary notwithstanding, (a) if, at any time after a Bond would be deemed to have been paid for purposes of this
Indenture, and, if such is the case, the Company’s indebtedness in respect thereof would be deemed to have been satisfied and discharged, pursuant to this Section (without regard to the provisions of this paragraph), the Trustee or any Paying
Agent, as the case may be, shall be required to return the money or Eligible Obligations, or combination thereof, deposited with it as aforesaid to the Company or its representative under any applicable federal or state bankruptcy, insolvency or
other similar law, such Bond shall thereupon be deemed retroactively not to have been paid and any satisfaction and discharge of the Company’s indebtedness in respect thereof shall retroactively be deemed not to have been effected, and such
Bond shall be deemed to remain Outstanding and (b) any satisfaction and discharge of the Company’s indebtedness in respect of any Bond shall be subject to the provisions of the last paragraph of Section 7.03. 

SECTION 9.02.    SATISFACTION AND DISCHARGE OF INDENTURE. 

This Indenture shall upon Company Request cease to be of further effect (except as hereinafter expressly provided), and the Trustee, at the
expense of the Company, shall execute such instruments as the Company shall reasonably request to evidence and acknowledge the satisfaction and discharge of this Indenture, when: 

(a)    no Bonds remain Outstanding hereunder; 

(b)    the Company has paid or caused to be paid all other sums payable hereunder by the Company; and 

(c)    the Company has delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel each stating that
all conditions precedent herein provided for relating to the satisfaction and discharge of this Indenture have been complied with. 
 provided,
however, that if, in accordance with the last paragraph of Section 9.01, any Bond, previously deemed to have been paid for purposes of this Indenture, shall be deemed retroactively not to have been so paid, this
Indenture shall thereupon be deemed retroactively not to have been satisfied and discharged, as aforesaid, and to remain in full force and effect, and the Company shall execute and deliver such instruments as the Trustee shall reasonably request to
evidence and acknowledge the same. 

  
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 Notwithstanding the satisfaction and discharge of this Indenture as aforesaid, the
obligations of the Company and the Trustee under Sections 3.04, 3.05, 3.06, 6.04, 7.02, 7.03, 11.07 and 11.15 and this Article, and the Trustee’s rights under Article XI, shall survive.

 Upon satisfaction and discharge of this Indenture as provided in this Section, the Trustee shall quit claim and otherwise turn over to
the Company the Mortgaged Property (other than money and Eligible Obligations held by the Trustee pursuant to Section 9.03) and shall execute and deliver to the Company such deeds and other instruments (in form and
substance reasonably satisfactory to the Trustee) as, in the judgment of the Company, shall be necessary, desirable or appropriate to effect or evidence such release and quitclaim and the satisfaction and discharge of this Indenture. 

SECTION 9.03.    APPLICATION OF TRUST MONEY. 

Neither the Eligible Obligations nor the money deposited pursuant to Section 9.01, nor the principal or interest
payments on any such Eligible Obligations, shall be withdrawn or used for any purpose other than, and shall be held in trust for, the payment of the principal of and premium, if any, and interest, if any, on the Bonds or portions of principal amount
thereof in respect of which such deposit was made, all subject, however, to the provisions of Section 7.03; provided, however, that any cash received from such principal or interest payments on such Eligible
Obligations, if not then needed for such purpose, shall, to the extent practicable and upon Company Request and delivery to the Trustee of the documents referred to in subclause (y) of clause (c) in
Section 9.01, be invested pursuant to a Company Order in Eligible Obligations of the type described in clause (b) in Section 9.01 maturing at such times and in such amounts as shall be
sufficient, together with any other moneys and the proceeds of any other Eligible Obligations then held by the Trustee, to pay when due the principal of and premium, if any, and interest, if any, due and to become due on such Bonds or portions
thereof on and prior to the Maturity thereof, and interest earned from such reinvestment shall be paid over to the Company as received, free and clear of the lien of this Indenture, except the lien provided by
Section 11.07; and provided, further, that any moneys held in accordance with this Section on the Maturity of all such Bonds in excess of the amount required to pay the principal of and premium, if any, and
interest, if any, then due on such Bonds shall be paid over to the Company free and clear of the lien of this Indenture, except the lien provided by Section 11.07; and provided, further, that if an Event of
Default shall have occurred and be continuing, moneys to be paid over to the Company pursuant to this Section shall be retained by the Trustee and constitute Mortgaged Property until such Event of Default shall have been waived or cured. 

  
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 ARTICLE X 

EVENTS OF DEFAULT; REMEDIES 
  

	SECTION 10.01.	 EVENTS OF DEFAULT. 

“Event of Default”, wherever used herein with respect to the Bonds, means any of the following events which shall have
occurred and be continuing: 
 (a)    the failure to pay interest, if any, on any Bond within sixty (60) days after
the same becomes due and payable; provided, however, that no such default shall constitute an “Event of Default” if the Company has made a valid extension of the interest payment period with respect to the Bonds of such series, of which
such Bond is a party, if so provided as contemplated by Section 3.01; or 
 (b)    the failure
to pay the principal of or sinking fund installment, if any, or premium, if any, on any Bond within three (3) Business Days after the same becomes due and payable; provided, however, that no such default shall constitute an “Event of
Default” if the Company has made a valid extension of the Maturity of the Bonds of the series, of which such Bond is a part, if so provided as contemplated by Section 3.01; or 

(c)    the failure to perform or breach of any covenant or warranty of the Company in this Indenture (other than a
covenant or warranty a default in the performance of which or breach of which is elsewhere in this Section specifically dealt with) for a period of ninety (90) days after there has been given, by registered or certified mail, return receipt
requested, to the Company by the Trustee, or to the Company and the Trustee by the Holders of at least twenty-five percent (25%) in principal amount of the Bonds then Outstanding, a written notice specifying such default or breach and requiring it
to be remedied and stating that such notice is a “Notice of Default” hereunder, unless the Trustee, or the Trustee and the Holders of a principal amount of Bonds not less than the principal amount of Bonds the Holders of which gave such
notice, as the case may be, shall agree in writing to an extension of such period prior to its expiration; provided, however, that the Trustee, or the Trustee and the Holders of such principal amount of Bonds, as the case may be, shall be deemed to
have agreed to an extension of such period if corrective action is initiated by the Company within such period and is being diligently pursued; or 

(d)    the entry by a court having jurisdiction in the Mortgaged Property of (i) a decree or order for relief in
respect of the Company in an involuntary case or proceeding under any applicable federal or state bankruptcy, insolvency, reorganization or other similar law or (ii) a decree or order adjudging the Company a bankrupt or insolvent, or approving
as properly filed a petition by one or more Persons other than the Company seeking reorganization, arrangement, adjustment or composition of or in respect of the Company under any applicable federal or state bankruptcy, insolvency or other similar
law, or appointing a custodian, receiver, liquidator, assignee, trustee, sequestrator or other similar official for the Company or for any substantial part of its property, or ordering the winding up or liquidation of its affairs, and any such
decree or order for relief or any such other decree or order shall have remained unstayed and in effect for a period of ninety (90) consecutive days; or 

  
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 (e)    the commencement by the Company of a voluntary case or proceeding
under any applicable federal or state bankruptcy, insolvency, reorganization or other similar law or of any other case or proceeding to be adjudicated a bankrupt or insolvent, or the consent by the Company to the entry of a decree or order for
relief in respect of the Company in an involuntary case or proceeding under any applicable federal or state bankruptcy, insolvency or other similar law or to the commencement of any bankruptcy or insolvency case or proceeding against the Company, or
the filing by the Company of a petition or answer or consent seeking reorganization or relief under any applicable federal or state bankruptcy, insolvency or other similar law, or the consent by the Company to the filing of such petition or to the
appointment of or taking possession by a custodian, receiver, liquidator, assignee, trustee, sequestrator or similar official of the Company or of any substantial part of its property, or the making by the Company of a general assignment for the
benefit of creditors, or an admission in writing by the Company of its inability to pay its debts generally as they become due; or 

(f)    the occurrence of any event of default as defined in any mortgage, indenture or instrument under which there may be
issued, or by which there may be secured or evidenced, any Debt of the Company, whether such Debt exists on the Execution Date or shall thereafter be created, if such event of default: 

(i)    is caused by a failure to pay principal after final maturity of such Debt after the expiration of
the grace period provided in such Debt (a “Payment Default”), or 
 (ii)    results in
the acceleration of such Debt prior to its express maturity, 
 and in each case, the principal amount of any such Debt, together with the principal amount
of any other such Debt under which there has been a Payment Default or the maturity of which has been so accelerated, aggregates $200,000,000 or more; provided, however, that, anything in this Indenture to the contrary notwithstanding,
if such event of default is cured or waived or any such acceleration rescinded, or such Debt is repaid, within a period of twenty (20) days from the continuation of such event of default beyond the applicable grace period or the occurrence of
such acceleration, as the case may be, such Event of Default under this Indenture shall be automatically cured; provided, further, that with respect to any mortgage, indenture or instrument that exists on the Execution Date, this
Section 10.01(f) only applies to the extent that the obligations to pay amounts thereunder are enforceable after the Effective Date. 

For purposes of Section 10.01(f), the amount of $200,000,000 shall be increased in any calendar year subsequent to
2020 by the same percentage increase in the CPI Index for the period commencing January 1, 2020 and ending on January 1 of the applicable calendar year. 
  

	SECTION 10.02.	 ACCELERATION OF MATURITY; RESCISSION AND ANNULMENT. 

If an Event of Default shall have occurred and be continuing, then in every such case the Trustee or the Holders of not less than twenty-five
percent (25%) in aggregate principal amount of Bonds then Outstanding, considered as one class, may declare the principal amount (or, if any 

  
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of the Bonds are Discount Bonds, such portion of the principal amount of such Bonds as may be specified in the terms thereof as contemplated by Section 3.01) of all
Bonds then Outstanding to be due and payable immediately, by a notice in writing to the Company (and to the Trustee if given by Holders), and upon such declaration such principal amount (or specified amount), together with premium, if any, and
accrued interest, if any, thereon, shall become immediately due and payable; provided, however, that with respect to an Event of Default described in Section 10.01(d) or (e), the principal amount (or,
if any of the Bonds are Discount Bonds, such portion of the principal amount of such Bonds as may be specified in the terms thereof as contemplated by Section 3.01) of all Bonds then Outstanding shall be due and payable
immediately without further action by the Trustee or Holders. 
 At any time after such a declaration of acceleration of the Maturity of the
Bonds then Outstanding shall have been made, but before any sale of any of the Mortgaged Property has been made and before a judgment or decree for payment of the money due shall have been obtained by the Trustee as provided in this Article, the
Event or Events of Default giving rise to such declaration of acceleration shall, without further act and notwithstanding anything to the contrary in Section 316(a) of the Trust Indenture Act, be deemed to have been waived, and such declaration
and its consequences shall, without further act, be deemed to have been rescinded and annulled, if 
 (a)    the Company
shall have paid or deposited with the Trustee a sum sufficient to pay 
 (i)    all overdue interest, if
any, on all Bonds then Outstanding; 
 (ii)    the principal of and premium, if any, on any Bonds then
Outstanding which have become due otherwise than by such declaration of acceleration and interest thereon at the rate or rates prescribed therefor in such Bonds; and 

(iii)    all amounts due to the Trustee under Section 11.07; and 

(b)    any other Event or Events of Default, other than the non-payment of the
principal of Bonds which shall have become due solely by such declaration of acceleration, shall have been cured or waived as provided in Section 10.17. 

No such rescission shall affect any subsequent Event of Default or impair any right consequent thereon. 

 

	SECTION 10.03.	 ENTRY UPON MORTGAGED PROPERTY. 

If an Event of Default shall have occurred and be continuing, the Company, upon demand of the Trustee (acting at the written direction by the
Holders of at least a majority in aggregate principal amount of the Bonds then Outstanding) and if and to the extent permitted by law, shall forthwith surrender to the Trustee the actual possession of, and the Trustee, by such officers or agents as
it may appoint, may enter upon and take possession of, the Mortgaged Property; and the Trustee (or its nominee) may hold, operate and manage the Mortgaged Property and make all needful repairs and such renewals, replacements, betterments and
improvements as to the Trustee (acting at the written direction by the Holders of at least a majority in aggregate principal amount 

  
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of the Bonds then Outstanding) shall seem prudent; and the Trustee may receive the rents, issues, profits, revenues and other income of the Mortgaged Property, to the extent, if any, that the
same shall not then constitute Excepted Property; and, after deducting the costs and expenses of entering, taking possession, holding, operating and managing the Mortgaged Property, as well as payments for insurance and taxes and other proper
charges upon the Mortgaged Property prior to the lien of this Indenture and reasonable compensation to itself, its agents and counsel, the Trustee may apply the same as provided in Section 10.07. Whenever all that is then
due in respect of the principal of and premium, if any, and interest, if any, on the Bonds and under any of the terms of this Indenture shall have been paid and all defaults hereunder shall have been cured or shall have been waived as provided in
Section 10.17, the Trustee shall surrender possession of the Mortgaged Property to the Company. 
  

	SECTION 10.04.	 POWER OF SALE; SUITS FOR ENFORCEMENT. 

If an Event of Default shall have occurred and be continuing, the Trustee, by such officers or agents as it shall appoint, with or without
entry, in its discretion may, subject to the provisions of Section 10.16 and if and to the extent permitted by law: 

(a)    sell, subject to any mandatory requirements of applicable law, the Mortgaged Property as an entirety, or in such
parcels as the Holders of a majority in principal amount of the Bonds then Outstanding shall in writing request, or in the absence of such request, as the Trustee may determine, to the highest bidder at public auction at such place and at such time
(which sale may be adjourned by the Trustee from time to time in its discretion by announcement at the time and place fixed for such sale, without further notice) and upon such terms as the Trustee may fix and briefly specify in a notice of sale to
be published once in each week for four successive weeks prior to such sale in an Authorized Publication in each Place of Payment for the Bonds of each series; or 

(b)    proceed to protect and enforce its rights and the rights of the Holders of Bonds under this Indenture by sale
pursuant to judicial proceedings or by a suit, action or proceeding in equity or at law or otherwise, whether for the specific performance of any covenant or agreement contained in this Indenture or in aid of the execution of any power granted in
this Indenture or for the foreclosure of this Indenture or for the enforcement of any other legal, equitable or other remedy. 
  

	SECTION 10.05.	 INCIDENTS OF SALE. 

Upon any sale of any of the Mortgaged Property, whether made under the power of sale hereby given or pursuant to judicial proceedings, to the
extent permitted by law: 
 (a)    the principal amount (or, if any of the Bonds are Discount Bonds, such portion of the
principal amount of such Bonds as may be specified in the terms thereof as contemplated by Section 3.01) of all Outstanding Bonds, if not previously due, shall at once become and be immediately due and payable, together
with premium, if any, and accrued interest, if any, thereon; 
 (b)    any Holder or Holders of Bonds or the Trustee may
bid for and purchase the property offered for sale, and upon compliance with the terms of sale may hold, retain and 

  
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possess and dispose of such property, without further accountability, and may, in paying the purchase money therefor, deliver any Outstanding Bonds or claims for interest thereon in lieu of cash
to the amount which shall, upon distribution of the net proceeds of such sale, be payable thereon, and such Bonds, in case the amounts so payable thereon shall be less than the amount due thereon, shall be returned to the Holders thereof after being
appropriately stamped to show partial payment; 
 (c)    the Trustee may make and deliver to the purchaser or purchasers
a good and sufficient deed, bill of sale and instrument of assignment and transfer of the property sold; 
 (d)    the
Trustee is hereby irrevocably appointed the true and lawful attorney of the Company, in its name and stead, to make all necessary deeds, bills of sale and instruments of assignment and transfer of the property so sold; and for that purpose it may
execute all necessary deeds, bills of sale and instruments of assignment and transfer, and may substitute one or more persons, firms or corporations with like power, the Company hereby ratifying and confirming all that its said attorney or such
substitute or substitutes shall lawfully do by virtue hereof; but, if so requested by the Trustee or by any purchaser, the Company shall ratify and confirm any such sale or transfer by executing and delivering to the Trustee or to such purchaser or
purchasers all proper deeds, bills of sale, instruments of assignment and transfer and releases as may be designated in any such request; 

(e)    all right, title, interest, claim and demand whatsoever, either at law or in equity or otherwise, of the Company
of, in and to the property so sold shall be divested and such sale shall be a perpetual bar both at law and in equity against the Company, its successors and assigns, and against any and all persons claiming or who may claim the property sold or any
part thereof from, through or under the Company; and 
 (f)    the receipt of the Trustee or of the officer making such
sale shall be a sufficient discharge to the purchaser or purchasers at such sale for his or their purchase money and such purchaser or purchasers and his or their assigns or personal representatives shall not, after paying such purchase money and
receiving such receipt, be obliged to see to the application of such purchase money, or be in anywise answerable for any loss, misapplication or non-application thereof. 

 

	SECTION 10.06.	 COLLECTION OF INDEBTEDNESS AND SUITS FOR ENFORCEMENT BY TRUSTEE. 

If an Event of Default described in clause (a) or (b) of Section 10.01 shall have occurred and be
continuing, the Company shall, upon demand of the Trustee, pay to it, for the benefit of the Holders of the Bonds with respect to which such Event of Default shall have occurred, the whole amount then due and payable on such Bonds for principal and
premium, if any, and interest, if any, and, in addition thereto, such further amount as shall be sufficient to cover any amounts due to the Trustee under Section 11.07. 

If the Company shall fail to pay such amounts forthwith upon such demand, the Trustee, in its own name and as trustee of an express trust, may
institute a judicial proceeding for the collection of the sums so due and unpaid, may prosecute such proceeding to judgment or final 

  
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decree and may enforce the same against the Company or any other obligor upon such Bonds and collect the moneys adjudged or decreed to be payable in the manner provided by law out of the property
of the Company or any other obligor upon such Bonds, wherever situated. 
 The Trustee shall, to the extent permitted by law, be entitled to
sue and recover judgment as aforesaid either before, during or after the pendency of any proceedings for the enforcement of the lien of this Indenture, and in case of a sale of the Mortgaged Property or any part thereof and the application of the
proceeds of sale as aforesaid, the Trustee, in its own name and as trustee of an express trust, shall be entitled to enforce payment of, and to receive, all amounts then remaining due and unpaid upon the Bonds then Outstanding for principal,
premium, if any, and interest, if any, for the benefit of the Holders thereof, and shall be entitled to recover judgment for any portion of the same remaining unpaid, with interest as aforesaid. No recovery of any such judgment by the Trustee and no
levy of any execution upon any such judgment upon any of the Mortgaged Property or any other property of the Company shall affect or impair the lien of this Indenture upon the Mortgaged Property or any part thereof or any rights, powers or remedies
of the Trustee hereunder, or any rights, powers or remedies of the Holders of the Bonds. 
  

	SECTION 10.07.	 APPLICATION OF MONEY COLLECTED. 

Any money collected by the Trustee pursuant to this Article, including any rents, issues, profits, revenues and other income collected pursuant
to Section 10.03 (after the deductions therein provided) and any proceeds of any sale (after deducting the costs and expenses of such sale, including a reasonable compensation to the Trustee, its agents and counsel, and any
taxes, assessments or Liens prior to the lien of this Indenture, except any thereof subject to which such sale shall have been made), whether made under any power of sale herein granted or pursuant to judicial proceedings, and any money collected by
the Trustee under Section 8.06, together with, in the case of an entry or sale or as otherwise provided herein, any other sums then held by the Trustee as part of the Mortgaged Property, shall be applied in the following
order, to the extent permitted by law, at the date or dates fixed by the Trustee and, in case of the distribution of such money on account of principal or premium, if any, or interest, if any, upon presentation of the Bonds and the notation thereon
of the payment if only partially paid and upon surrender thereof if fully paid: 
 First: To the payment of all amounts due
the Trustee under Section 11.07; 
 Second: To the payment of the whole amount then due and unpaid
upon the Outstanding Bonds for principal and premium, if any, and interest, if any, in respect of which or for the benefit of which such money has been collected; and in case such proceeds shall be insufficient to pay in full the whole amount so due
and unpaid upon such Bonds, then to the payment of such principal and interest, if any, thereon without any preference or priority, ratably according to the aggregate amount so due and unpaid, with any balance then remaining to the payment of
premium, if any, and, if so specified as contemplated by Section 3.01 with respect to the Bonds of any series, or any Tranche thereof, interest, if any, on overdue premium, if any, and overdue interest, if any, ratably as
aforesaid, all to the extent permitted by applicable law; provided, however, that any money collected by the Trustee pursuant to Section 8.06 in respect of interest or pursuant

  
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to Section 10.03 shall first be applied to the payment of interest accrued on the principal of Outstanding Bonds; and 

Third: To the payment of the remainder, if any, to the Company or to whomsoever may be lawfully entitled to receive the same or
as a court of competent jurisdiction may direct. 
  

	SECTION 10.08.	 RECEIVER. 

If an Event of Default shall have occurred and, during the continuance thereof, the Trustee shall have commenced judicial proceedings to
enforce any right under this Indenture, the Trustee shall, to the extent permitted by law, be entitled, as against the Company, without notice or demand and without regard to the adequacy of the security for the Bonds or the solvency of the Company,
to the appointment of a receiver of the Mortgaged Property. 
  

	SECTION 10.09.	 TRUSTEE MAY FILE PROOFS OF CLAIM. 

(a)    In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement,
adjustment, composition or other judicial proceeding relative to the Company or any other obligor upon the Bonds or the property of the Company or of such other obligor or their creditors, the Trustee (irrespective of whether the principal of the
Bonds shall then be due and payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made any demand on the Company for the payment of overdue principal or interest) shall be entitled and
empowered, by intervention in such proceeding or otherwise, to file and prove a claim for the whole amount of principal, premium, if any, and interest, if any, owing and unpaid in respect of the Bonds and to file such other papers or documents as
may be necessary or advisable in order to have the claims of the Trustee (including any claim for amounts due to the Trustee under Section 11.07) and of the Holders allowed in such judicial proceeding, and 

(b)    to collect and receive any moneys or other property payable or deliverable on any such claims and to distribute the
same; and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Holder to make such payments to the Trustee and, in the event that the Trustee
shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amounts due it under Section 11.07. 

Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder any
plan of reorganization, arrangement, adjustment or composition affecting the Bonds or the rights of any Holder thereof or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding. 

SECTION 10.10. TRUSTEE MAY ENFORCE CLAIMS WITHOUT POSSESSION OF BONDS. 

All rights of action and claims under this Indenture or on the Bonds may be prosecuted and enforced by the Trustee without the possession of
any of the Bonds or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the Trustee shall be 

  
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brought in its own name as trustee of an express trust, and any recovery of judgment shall, after provision for the payment of the reasonable compensation, expenses, disbursements and advances of
the Trustee, its agents and counsel, be for the ratable benefit of the Holders in respect of which such judgment has been recovered. 

SECTION 10.11.    LIMITATION ON SUITS. 

No Holder shall have any right to institute any proceeding, judicial or otherwise, with respect to this Indenture, or for the appointment of a
receiver or trustee, or for any other remedy hereunder, unless: 
 (a)    such Holder shall have previously given
written notice to the Trustee of a continuing Event of Default; 
 (b)    the Holders of at least twenty-five percent
(25%) in aggregate principal amount of the Bonds then Outstanding shall have made written request to the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee hereunder; 

(c)    such Holder or Holders shall have offered to the Trustee reasonable indemnity against the costs, expenses and
liabilities to be incurred in compliance with such request; 
 (d)    the Trustee for sixty (60) days after its
receipt of such notice, request and offer of indemnity shall have failed to institute any such proceeding; and 

(e)    no direction inconsistent with such written request shall have been given to the Trustee during such sixty
(60) day period by the Holders of at least a majority in aggregate principal amount of the Bonds then Outstanding; 
 it being understood and intended
that no one or more of such Holders shall have any right in any manner whatever by virtue of, or by availing of, any provision of this Indenture to affect, disturb or prejudice the lien of this Indenture or the rights of any other of such Holders or
to obtain or to seek to obtain priority or preference over any other of such Holders or to enforce any right under this Indenture, except in the manner herein provided and for the equal and ratable benefit of all of such Holders. 

SECTION 10.12.    UNCONDITIONAL RIGHT OF HOLDERS TO RECEIVE PRINCIPAL, PREMIUM AND INTEREST. 

Notwithstanding any other provision in this Indenture, the Holder of any Bond shall have the right, which is absolute and unconditional, to
receive payment of the principal of and premium, if any, and (subject to Section 3.07) interest, if any, on such Bond on the Stated Maturity or Maturities expressed in such Bond (or, in the case of redemption, on the
Redemption Date) and to institute suit for the enforcement of any such payment, and such rights shall not be impaired without the consent of such Holder. 

  
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 SECTION 10.13.    RESTORATION OF RIGHTS AND REMEDIES. 

If the Trustee or any Holder has instituted any proceeding to enforce any right or remedy under this Indenture and such proceeding shall have
been discontinued or abandoned for any reason, or shall have been determined adversely to the Trustee or to such Holder, then and in every such case, subject to any determination in such proceeding, the Company, the Trustee and such Holder shall be
restored severally and respectively to their former positions hereunder and thereafter all rights and remedies of the Trustee and such Holder shall continue as though no such proceeding had been instituted. 

SECTION 10.14.    RIGHTS AND REMEDIES CUMULATIVE. 

Except as otherwise provided in the last paragraph of Section 3.06, no right or remedy herein conferred upon or
reserved to the Trustee or to the Holders is intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in addition to every other right and remedy given hereunder or
now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other appropriate right or remedy. 

Anything in this Article to the contrary notwithstanding, the availability of the remedies set forth herein (on an individual or cumulative
basis) and the procedures set forth herein relating to the exercise thereof shall be subject to (a) the law (including, for purposes of this paragraph, general principles of equity) of any jurisdiction wherein the Mortgaged Property or any part
thereof is located to the extent that such law is mandatorily applicable and (b) the rights of any Senior Lienholder and, if and to the extent that any provision of this Article conflicts with any provision of such applicable law and/or with
the rights of such Senior Lienholder such provision of law and/or the rights of such holder shall control. 

SECTION 10.15.    DELAY OR OMISSION NOT WAIVER. 

No delay or omission of the Trustee or of any Holder to exercise any right or remedy accruing upon any Event of Default shall impair any such
right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by this Article or by law to the Trustee or to the Holders may be exercised from time to time, and as often as may be deemed
expedient, by the Trustee or by the Holders, as the case may be. 
 SECTION 10.16.    CONTROL BY HOLDERS OF BONDS.

 If an Event of Default shall have occurred and be continuing, the Holders of not less than a majority in principal amount of the Bonds
then Outstanding shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee hereunder; provided, however,
that 
 (a)    such direction shall not be in conflict with any rule of law or with this Indenture, and could not
involve the Trustee in personal liability in circumstances where indemnity would not, in the Trustee’s sole discretion, be adequate, and 

  
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 (b)    the Trustee may take any other action deemed proper by the
Trustee which is not inconsistent with such direction. 
 SECTION 10.17.    WAIVER OF PAST DEFAULTS. 

Before any sale of any of the Mortgaged Property and before a judgment or decree for payment of the money due shall have been obtained by the
Trustee as in this Article provided, the Holders of not less than a majority in principal amount of the Bonds then Outstanding may on behalf of the Holders of all the Bonds then Outstanding waive any past default hereunder and its consequences,
except a default in the payment of the principal of or premium, if any, or interest, if any, on any Bond Outstanding, or in respect of a covenant or provision hereof which under Section 14.02 cannot be modified or amended
without the consent of the Holder of each Outstanding Bond of any series or Tranche affected. 
 Upon any such waiver, such default shall
cease to exist, and any and all Events of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair any right consequent thereon.

 SECTION 10.18.    UNDERTAKING FOR COSTS. 

The Company and the Trustee agree, and each Holder of Bonds by its acceptance thereof shall be deemed to have agreed, that any court may in its
discretion require, in any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the Trustee for any action taken, suffered or omitted by it as Trustee, the filing by any party litigant in such suit of an
undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees, against any party litigant in such suit, having due regard to the merits and good faith of the
claims or defenses made by such party litigant; but the provisions of this Section shall not apply to any suit instituted by the Company, to any suit instituted by the Trustee, to any suit instituted by any Holder, or group of Holders, holding in
the aggregate more than ten percent (10%) in aggregate principal amount of the Bonds then Outstanding, or to any suit instituted by any Holder for the enforcement of the payment of the principal of or premium, if any, or interest, if any, on any
Bond on or after the Stated Maturity or Maturities expressed in such Bond (or, in the case of redemption, on or after the Redemption Date). 

SECTION 10.19.    WAIVER OF APPRAISEMENT AND OTHER LAWS. 

The Company covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, or plead, or in any manner
whatsoever claim or take the benefit or advantage of, any appraisement, valuation, stay, extension or redemption law, now or hereafter in effect, in order to prevent or hinder the enforcement of this Indenture or the absolute sale of the Mortgaged
Property, or any part thereof, or the possession thereof, or any part thereof, by any purchaser at any sale under this Article; and the Company, for itself and all who may claim under it, so far as it or they now or hereafter may lawfully do so,
hereby waives the benefit of all such laws. The Company, for itself and all who may claim under it, waives, to the extent that it may lawfully do so, all right to have the Mortgaged Property marshalled upon any foreclosure of the lien hereof, and
agrees that any court having jurisdiction to foreclose the lien of this Indenture may order the sale of the Mortgaged Property as an entirety. 

  
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 In addition, and without limiting the generality of the foregoing, the Company, for itself
and all who may claim under it, waives, to the extent that it may lawfully do so, the benefits and protections of Sections 2924, 2924b and 2924c of the California Civil Code and Section 726(a) of the California Code of Civil Procedure, and any
amendments thereto or replacements thereof. 
 ARTICLE XI 

THE TRUSTEE 

SECTION 11.01.    CERTAIN DUTIES AND RESPONSIBILITIES. 

Except during the continuance of an Event of Default, 

(i)    the Trustee undertakes to perform such duties and only such duties as are specifically set forth in
this Indenture, and no implied covenants or obligations shall be read into this Indenture against the Trustee; and 

(ii)    in the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the
statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture; but in the case of any such certificates or opinions which by any
provisions hereof are specifically required to be furnished to the Trustee, the Trustee shall be under a duty to examine the same to determine whether or not they conform to the requirements of this Indenture (but need not confirm or investigate the
accuracy of mathematical calculations or other facts stated therein). 
 (b)    In case an Event of Default shall have
occurred and be continuing, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent person would exercise or use under the circumstances in
the conduct of such person’s own affairs. 
 (c)    No provision of this Indenture shall be construed to relieve
the Trustee from liability for its own negligent action, its own negligent failure to act, or its own willful misconduct or its own bad faith, except that: 

(i)    this subsection shall not be construed to limit the effect of subsection (a) of this
Section; 
 (ii)    the Trustee shall not be liable for any error of judgment made in good faith by a
Responsible Officer, unless it shall be proved that the Trustee was negligent in ascertaining the pertinent facts; 

(iii)    the Trustee shall not be liable with respect to any action taken, omitted to be taken by it in
good faith in accordance with the direction of the Holders of a majority in principal amount of the Outstanding Bonds, as provided herein, relating to the 

  
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time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee, under this Indenture; and 

(iv)    no provision of this Indenture shall require the Trustee to expend or risk its own funds or
otherwise incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if it shall have reasonable grounds for believing that repayment of such funds or adequate indemnity
against such risk or liability is not reasonably assured to it. 
 (d)    Whether or not therein expressly so provided,
every provision of this Indenture relating to the conduct or affecting the liability of or affording protection to the Trustee shall be subject to the provisions of this Section. 

SECTION 11.02.    NOTICE OF DEFAULTS. 

Within ninety (90) days after the occurrence of any default hereunder, the Trustee shall transmit to all Holders notice of such default
hereunder known to the Trustee, unless such default shall have been cured or waived; provided, however, that, except in the case of a default in the payment of the principal of (or premium, if any) or interest, if any, on any Bond, or
in the payment of any sinking fund installment with respect to a Bond, the Trustee shall be protected in withholding such notice if and so long as the board of directors, executive committee or a trust committee of directors or a Responsible Officer
of the Trustee in good faith determine that the withholding of such notice is in the interest of the Holders; provided, further, that, in the case of any default of the character specified in Section 10.01(c),
no such notice to Holders shall be given until at least sixty (60) days after the occurrence thereof. For the purpose of this Section, the term “default” means any event which is, or after notice or lapse of time or both would become,
an Event of Default. 
 The Trustee shall not be deemed to have knowledge of any default specified in
Section 10.01(c), 10.01(d), 10.01(e) or 10.01(f) hereunder unless and until a Responsible Officer shall have received written notice thereof at its Corporate Trust Office. In the absence of actual
knowledge or written notice, the Trustee may conclusively assume that no such default has occurred and is continuing under this Indenture. Except as otherwise expressly provided herein, the Trustee shall not be bound to ascertain or inquire as to
the performance or observance of any of the terms, conditions, covenants or agreements herein or of any of the documents executed in connection with Bonds issued hereunder, or as to the existence of a default or Event of Default hereunder. 

SECTION 11.03.    CERTAIN RIGHTS OF TRUSTEE. 

Subject to the provisions of Section 11.01 and to the applicable provisions of the Trust Indenture Act: 

(a)    the Trustee may conclusively rely and shall be fully protected in acting or refraining from acting upon any
resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document believed by it to be genuine and to have been signed or
presented by the proper party or parties; 

  
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 (b)    any request or direction of the Company mentioned herein shall be
sufficiently evidenced by a Company Request or Company Order, or as otherwise expressly provided herein, and any resolution of the Board of Directors may be sufficiently evidenced by a Board Resolution; 

(c)    whenever in the administration of this Indenture the Trustee shall deem it desirable that a matter be proved or
established prior to taking, suffering or omitting any action hereunder, the Trustee (unless other evidence is specifically prescribed herein) may, in the absence of bad faith on its part, conclusively rely upon an Officer’s Certificate; 

(d)    the Trustee may consult with counsel and the advice of such counsel or any Opinion of Counsel shall be full and
complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon; 

(e)    the Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at
the request or direction of any Holder pursuant to this Indenture, unless such Holder shall have offered to the Trustee reasonable security or indemnity against the costs, expenses and liabilities which might be incurred by it in compliance with
such request or direction; 
 (f)    the Trustee shall not be bound to make any investigation into the facts or matters
stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document, but the Trustee, in its discretion, may make
such further inquiry or investigation into such facts or matters as it may see fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall (subject to applicable legal requirements) be entitled to examine, during
normal business hours, the books, records and Mortgaged Property of the Company, personally or by agent or attorney; 

(g)    the Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by
or through agents or attorneys and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due care by it hereunder; 

(h)    the Trustee shall not be personally liable, in case of entry by it upon the Mortgaged Property, for debts
contracted or liabilities or damages incurred in the prudent management or operation of the Mortgaged Property; 

(i)    the Trustee shall not be liable for any action taken, suffered, or omitted to be taken by it in good faith and
reasonably believed by it to be authorized or within the discretion or rights or powers conferred upon it by this Indenture; 

(j)    in no event shall the Trustee be responsible or liable for special, indirect, punitive or consequential loss or
damage of any kind whatsoever (including, but not limited to, loss of profit) irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action; 

  
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 (k)    the rights, privileges, protections, immunities and benefits
given to the Trustee, including, without limitation, its right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and each agent, custodian and other Person employed to act hereunder;

 (l)    the Trustee may request that the Company deliver a certificate setting forth the names of individuals and/or
titles of officers authorized at such time to take specified actions pursuant to this Indenture; 
 (m)    beyond the
exercise of reasonable care in the custody thereof, the Trustee shall not have any duty as to any Mortgaged Property in its possession or control or in the possession or control of any agent or bailee or any income thereon or as to preservation of
rights against prior parties or any other rights pertaining thereto. The Trustee shall not be responsible for (i) perfecting, maintaining, monitoring, preserving or protecting the security interest or Liens granted under this Indenture or any
agreement or instrument contemplated hereby or thereby, (ii) the filing, re-filing, recording, re-recording or continuing or any document, financing statement,
mortgage, assignment, notice, instrument of further assurance or other instrument in any public office at any time or times or (iii) providing, maintaining, monitoring or preserving insurance on or the payment of taxes with respect to any of
the Mortgaged Property. The actions described in items (i) through (iii) shall be the sole responsibility of the Company. The Trustee shall be deemed to have exercised reasonable care in the custody of the Mortgaged Property in its possession
if the Mortgaged Property is accorded treatment substantially equal to that which it accords its own property and shall not be liable or responsible for any loss or diminution in the value of any of the Mortgaged Property, by reason of the act or
omission of any carrier, forwarding agency or other agent or bailee selected by the Trustee in good faith; 
 (n)    the
Trustee shall not be responsible for the existence, genuineness or value of any of the Mortgaged Property or for the validity, perfection, priority or enforceability of the Liens in any of the Mortgaged Property, whether impaired by operation of law
or by reason of any of any action or omission to act on its part hereunder, for the validity or sufficiency of the Mortgaged Property or any agreement or assignment contained therein, for the validity of the title to the Mortgaged Property, for
insuring the Mortgaged Property or for the payment of taxes, charges, assessments or Liens upon the Mortgaged Property or otherwise as to the maintenance of the Mortgaged Property. The Trustee hereby disclaims any representation or warranty to the
present and future holders of the Obligations concerning the perfection of the Liens granted hereunder or in the value of any of the Mortgaged Property; and 

(o)    in the event that the Trustee is required to acquire title to an asset for any reason, or take any managerial
action of any kind in regard thereto, in order to carry out any fiduciary or trust obligation for the benefit of another, which in such Trustee’s sole discretion may cause the Trustee to be considered an “owner or operator” under any
environmental laws or otherwise cause the Trustee to incur, or be exposed to, any environmental liability or any liability under any other federal, state or local law, the Trustee reserves the right, instead of taking such action, either to resign
as Trustee or to arrange for the transfer of the title or control of the asset 

  
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to a court appointed receiver. The Trustee will not be liable to any person for any environmental liabilities and costs or any environmental liabilities or contribution actions under any federal,
state or local law, rule or regulation by reason of the Trustee’s actions and conduct as authorized, empowered and directed hereunder or relating to any kind of discharge or release or threatened discharge or release of any hazardous materials
into the environment. 
  

	SECTION 11.04.	 NOT RESPONSIBLE FOR RECITALS OR ISSUANCE OF BONDS OR APPLICATION OF PROCEEDS.

 The recitals contained herein and in the Bonds (except the Trustee’s certificate of authentication on the
Bonds) shall be taken as the statements of the Company, and neither the Trustee nor any Authenticating Agent assumes any responsibility for their correctness. The Trustee makes no representations as to the value or condition of the Mortgaged
Property or any part thereof, or as to the title of the Company thereto or as to the security afforded thereby or hereby, or as to the validity or genuineness of any securities at any time pledged and deposited with the Trustee hereunder, or as to
the validity or sufficiency of this Indenture or of the Bonds. The Trustee shall not be accountable for the use or application by the Company of the Bonds or the proceeds thereof or of any money paid to the Company or upon Company Order under any
provision hereof. Neither the Trustee nor any Authenticating Agent shall be accountable for the use or application by the Company of Bonds or the proceeds thereof. The Trustee shall have no responsibility to make or to see to the making of any
recording, filing or registration of any instrument or notice (including any tax or securities form) (or any rerecording, refiling or reregistration of any thereof) at any time in any public office or elsewhere for the purpose of perfecting,
maintaining the perfection of or otherwise making effective the lien of this Indenture or for any other purpose and shall have no responsibility for seeing to the insurance on the Mortgaged Property or for paying any taxes relating to the Mortgaged
Property or for otherwise maintaining the Mortgaged Property, including, but not limited to, attending to any environmental matters in respect thereof or disposing of any hazardous or other wastes located thereon. 

 

	SECTION 11.05.	 MAY HOLD BONDS. 

Each of the Trustee, any Authenticating Agent, any Paying Agent, any Bond Registrar or any other agent of the Company or the Trustee, in its
individual or any other capacity, may become the owner or pledgee of Bonds and, subject to Sections 11.08 and 11.13, may otherwise deal with the Company with the same rights it would have if it were not such Trustee, Authenticating
Agent, Paying Agent, Bond Registrar or other agent. 
  

	SECTION 11.06.	 MONEY HELD IN TRUST. 

Money held by the Trustee in trust hereunder need not be segregated from other funds, except to the extent required by law or as otherwise
provided in the Indenture. The Trustee shall be under no liability for interest on or investment of any money received by it hereunder (provided that the Trustee has invested such money in accordance with a Company Order) except as expressly
provided herein or otherwise agreed with, and for the sole benefit of, the Company. 

  
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	SECTION 11.07.	 COMPENSATION AND REIMBURSEMENT. 

The Company agrees 

(a)    to pay to the Trustee from time to time reasonable compensation for all services rendered by it hereunder (which
compensation shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust); 

(b)    except as otherwise expressly provided herein, to reimburse the Trustee upon its request for all reasonable
expenses, disbursements and advances incurred or made by the Trustee in accordance with any provision of this Indenture (including the reasonable compensation and the expenses and disbursements of its agents and counsel), except to the extent that
any such expense, disbursement or advance may be attributable to its negligence, willful misconduct or bad faith; and 

(c)    to indemnify the Trustee (which for purposes of this Section shall include its officers, directors, employees and
agents) and hold it harmless from and against any loss, liability or expense reasonably incurred without negligence, willful misconduct or bad faith on its part, arising out of or in connection with the acceptance or administration of the trust or
trusts hereunder or the exercise or performance of its duties hereunder, including the costs and expenses of defending itself against any claim or liability in connection with the exercise or performance of any of its powers or duties hereunder.

 As security for the performance of the obligations of the Company under this Section 11.07, the Trustee shall
have a lien secured by this Indenture prior to the Bonds upon the Mortgaged Property and upon all other property and funds held or collected by the Trustee as such, other than property and funds held in trust (i) for the payment of principal,
premium, if any, and interest on the Bonds or (ii) under Section 9.03 (except moneys payable to the Company as provided in Section 9.03). “Trustee” for purposes of this Section shall
include any predecessor Trustee; provided, however, that the negligence or willful misconduct or bad faith of any Trustee hereunder shall not affect the rights of any other Trustee hereunder. 

In addition and without prejudice to the rights provided to the Trustee under any of the provisions of this Indenture, when the Trustee incurs
expenses or renders services in connection with an Event of Default specified in Section 10.01(d) or Section 10.01(e), the expenses (including the reasonable charges and expenses of its counsel)
and the compensation for the services are intended to constitute expenses of administration under any applicable federal or state bankruptcy, insolvency or other similar law. 

The provisions of this Section shall survive the termination of this Indenture and the resignation or removal of the Trustee. 

 

	SECTION 11.08.	 DISQUALIFICATION; CONFLICTING INTERESTS. 

If the Trustee shall have or acquire any conflicting interest within the meaning of the Trust Indenture Act, it shall either eliminate such
conflicting interest or resign to the extent, in the manner and with the effect, and subject to the conditions, provided in the Trust Indenture Act and this Indenture. For purposes of Section 310(b)(1) of the Trust Indenture Act and to the

  
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extent permitted thereby, the Trustee, in its capacity as trustee in respect of the Bonds of any series, shall not be deemed to have a conflicting interest arising from its capacity as trustee in
respect of the Bonds of any other series. 
  

	SECTION 11.09.	 CORPORATE TRUSTEE REQUIRED; ELIGIBILITY. 

There shall at all times be a Trustee hereunder which shall be 

(i)    a corporation organized and doing business under the laws of the United States, any state or
territory thereof or the District of Columbia, authorized under such laws to exercise corporate trust powers, having a combined capital and surplus of at least Fifty Million Dollars ($50,000,000) and subject to supervision or examination by federal
or state authority, or 
 (ii)    if and to the extent permitted by the Commission by rule, regulation or
order upon application, a corporation or other Person organized and doing business under the laws of a foreign government, authorized under such laws to exercise corporate trust powers, having a combined capital and surplus of at least Fifty Million
Dollars ($50,000,000) or the Dollar equivalent of the applicable foreign currency and subject to supervision or examination by authority of such foreign government or a political subdivision thereof substantially equivalent to supervision or
examination applicable to United States institutional trustees, 
 and, in either case, qualified and eligible under this Article and the Trust Indenture
Act. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of such supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such corporation
shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, it shall resign
immediately in the manner and with the effect hereinafter specified in this Article. 
  

	SECTION 11.10.	 RESIGNATION AND REMOVAL; APPOINTMENT OF SUCCESSOR. 

(a)    No resignation or removal of the Trustee and no appointment of a successor Trustee pursuant to this Article shall
become effective until the acceptance of appointment by the successor Trustee in accordance with the applicable requirements of Section 11.11. 

(b)    The Trustee may resign at any time by giving 30 days prior written notice thereof to the Company. If the instrument
of acceptance by a successor Trustee required by Section 11.11 shall not have been delivered to the Trustee within thirty (30) days after the effectiveness of such notice of resignation, the resigning Trustee may
petition any court of competent jurisdiction for the appointment of a successor Trustee. 
 (c)    The Trustee may be
removed at any time by Act of the Holders of a majority in principal amount of the Bonds then Outstanding delivered to the Trustee and to the Company 30 days prior to the effectiveness of such removal. 

  
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 (d)    If at any time: 

(i)    the Trustee shall fail to comply with Section 11.08 after written request
therefor by the Company or by any Holder who has been a bona fide Holder for at least six months, or 

(ii)    the Trustee shall cease to be eligible under Section 11.09 or
Section 310(a) of the Trust Indenture Act and shall fail to resign after written request therefor by the Company or by any such Holder, or 

(iii)    the Trustee shall become incapable of acting or shall be adjudged a bankrupt or insolvent or a
receiver of the Trustee or of its property shall be appointed or any public officer shall take charge or control of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation, 

then, in any such case, (x) the Company by a Board Resolution may remove the Trustee or (y) subject to Section 10.18, any
Holder who has been a bona fide Holder for at least six (6) months may, on behalf of itself and all others similarly situated, petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor
Trustee or Trustees. 
 (e)    If the Trustee shall resign, be removed or become incapable of acting, or if a vacancy
shall occur in the office of Trustee for any cause (other than as contemplated in clause (y) in subsection (d) of this Section), the Company, by a Board Resolution, shall take prompt steps to appoint a successor Trustee or
Trustees and shall comply with the applicable requirements of Section 11.11. If, within one (1) year after such resignation, removal or incapability, or the occurrence of such vacancy, a successor Trustee shall be
appointed by Act of the Holders of a majority in principal amount of the Bonds then Outstanding delivered to the Company and the retiring Trustee, the successor Trustee so appointed shall, forthwith upon its acceptance of such appointment in
accordance with the applicable requirements of Section 11.11, become the successor Trustee and to that extent supersede the successor Trustee appointed by the Company. If no successor Trustee shall have been so appointed by
the Company or the Holders and accepted appointment in the manner required by Section 11.11, the Holders of at least 10% in aggregate principal amount of the then Outstanding Bonds may petition any court of competent
jurisdiction for the appointment of a successor Trustee. 
 (f)    So long as no event which is, or after notice or
lapse of time, or both, would become, an Event of Default shall have occurred and be continuing, if the Company shall have delivered to the Trustee (i) a Board Resolution appointing a successor Trustee, effective as of a date specified therein,
and (ii) an instrument of acceptance of such appointment, effective as of such date, by such successor Trustee in accordance with Section 11.11, the Trustee shall be deemed to have resigned as contemplated in
subsection (b) of this Section, the successor Trustee shall be deemed to have been appointed pursuant to subsection (e) of this Section and such appointment shall be deemed to have been accepted as contemplated in
Section 11.11, all as of such date, and all other provisions of this Section and Section 11.11 shall be applicable to such resignation, appointment and acceptance except to the extent inconsistent
with this subsection (f). 

  
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 (g)    The Company shall give notice of each resignation and each
removal of the Trustee and each appointment of a successor Trustee by mailing written notice of such event by first-class mail, postage prepaid (or, in the case of Global Bonds in accordance with the Depositary’s customary policies and
procedures), to all Holders as their names and addresses appear in the Bond Register. Each notice shall include the name of the successor Trustee and the address of its Corporate Trust Office. 

 

	SECTION 11.11.	 ACCEPTANCE OF APPOINTMENT BY SUCCESSOR. 

(a)    In case of the appointment hereunder of a successor Trustee, every such successor Trustee so appointed shall
execute, acknowledge and deliver to the Company and to the retiring Trustee an instrument accepting such appointment, and thereupon the resignation or removal of the retiring Trustee shall become effective and such successor Trustee, without any
further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee. Such retiring Trustee shall execute and deliver an instrument transferring to such successor Trustee all the rights, powers
and trusts of the retiring Trustee and shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder, subject nevertheless to its lien provided for in
Section 11.07. 
 (b)    Upon request of any such successor Trustee, the Company shall execute
any instruments which fully vest in and confirm to such successor Trustee all rights, powers and trusts referred to in subsection (a) of this Section. 

(c)    No successor Trustee shall accept its appointment unless at the time of such acceptance such successor Trustee
shall be qualified and eligible under this Article. 
  

	SECTION 11.12.	 MERGER, CONVERSION, CONSOLIDATION OR SUCCESSION TO BUSINESS. 

Any corporation into which the Trustee may be merged or converted or with which it may be consolidated, or any corporation resulting from any
merger, conversion or consolidation to which the Trustee shall be a party, or any corporation succeeding to all or substantially all the corporate trust business of the Trustee, shall be the successor of the Trustee hereunder, provided such
corporation shall be otherwise qualified and eligible under this Article, without the execution or filing of any paper or any further act on the part of any of the parties hereto. In case any Bonds shall have been authenticated, but not delivered,
by the Trustee then in office, any successor by merger, conversion or consolidation to such authenticating Trustee may adopt such authentication and deliver the Bonds so authenticated with the same effect as if such successor Trustee had itself
authenticated such Bonds. 
  

	SECTION 11.13.	 PREFERENTIAL COLLECTION OF CLAIMS AGAINST COMPANY. 

If the Trustee shall be or become a creditor of the Company or any other obligor upon the Bonds (other than by reason of a relationship
described in Section 311(b) of the Trust Indenture Act), the Trustee shall be subject to any and all applicable provisions of the Trust Indenture Act regarding the collection of claims against the Company or such other obligor. 

  
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	SECTION 11.14.	 CO-TRUSTEES AND SEPARATE TRUSTEES. 

At any time or times, for the purpose of meeting the legal requirements of any jurisdiction in which any of the Mortgaged Property may at the
time be located, the Company and the Trustee shall have power to appoint, and, upon the written request of the Trustee or of the Holders of at least twenty-five percent (25%) in principal amount of the Bonds then Outstanding, the Company shall for
such purpose join with the Trustee in the execution and delivery of all instruments and agreements necessary or proper to appoint, one or more Persons approved by the Trustee and, if no Event of Default shall have occurred and be continuing, by the
Company either to act as co-trustee, jointly with the Trustee, of all or any part of the Mortgaged Property, or to act as separate trustee of any such property, in either case with such powers as may be
provided in the instrument of appointment, and to vest in such Person or Persons, in the capacity aforesaid, any property, title, right or power deemed necessary or desirable, subject to the other provisions of this Section. If the Company does not
join in such appointment within fifteen (15) days after the receipt by it of a request so to do, or if an Event of Default shall have occurred and be continuing, the Trustee alone shall have power to make such appointment. 

Should any written instrument or instruments from the Company be required by any co-trustee or
separate trustee so appointed to more fully confirm to such co-trustee or separate trustee such property, title, right or power, any and all such instruments shall, on request, be executed, acknowledged and
delivered by the Company. 
 Every co-trustee or separate trustee shall, to the extent permitted by
law, but to such extent only, be appointed subject to the following conditions: 
 (i)    the Bonds shall
be authenticated and delivered, and all rights, powers, duties and obligations hereunder in respect of the custody of securities, cash and other personal property held by, or required to be deposited or pledged with, the Trustee hereunder, shall be
exercised solely, by the Trustee; 
 (ii)    the rights, powers, duties and obligations hereby conferred
or imposed upon the Trustee in respect of any property covered by such appointment shall be conferred or imposed upon and exercised or performed either by the Trustee or by the Trustee and such co-trustee or
separate trustee jointly, as shall be provided in the instrument appointing such co-trustee or separate trustee, except to the extent that under any law of any jurisdiction in which any particular act is to be
performed, the Trustee shall be incompetent or unqualified to perform such act, in which event such rights, powers, duties and obligations shall be exercised and performed by such co-trustee or separate
trustee; 
 (iii) the Trustee at any time, by an instrument in writing executed by it, with the concurrence of the Company,
may accept the resignation of or remove any co-trustee or separate trustee appointed under this Section, and, if an Event of Default shall have occurred and be continuing, the Trustee shall have power to
accept the resignation of, or remove, any such co-trustee or separate trustee without the concurrence of the Company. Upon the written request of the Trustee, the Company shall join with the

  
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Trustee in the execution and delivery of all instruments and agreements necessary or proper to effectuate such resignation or removal. A successor to any
co-trustee or separate trustee so resigned or removed may be appointed in the manner provided in this Section; 

(iv)    neither the Trustee nor any co-trustee or separate trustee
hereunder shall be personally liable by reason of any act or omission of any other trustee hereunder; and 

(v)    any Act of Holders delivered to the Trustee shall be deemed to have been delivered to each such co-trustee and separate trustee. 
  

	SECTION 11.15.	 APPOINTMENT OF AUTHENTICATING AGENT. 

The Trustee may appoint an Authenticating Agent or Agents with respect to the Bonds of one or more series, or any Tranche thereof, which shall
be authorized to act on behalf of the Trustee to authenticate Bonds of such series or Tranche issued upon original issuance, exchange, registration of transfer or partial redemption thereof or pursuant to Section 3.06, and
Bonds so authenticated shall be entitled to the benefits of this Indenture and shall be valid and obligatory for all purposes as if authenticated by the Trustee hereunder. Wherever reference is made in this Indenture to the authentication and
delivery of Bonds by the Trustee or the Trustee’s certificate of authentication, such reference shall be deemed to include authentication and delivery on behalf of the Trustee by an Authenticating Agent and a certificate of authentication
executed on behalf of the Trustee by an Authenticating Agent. Each Authenticating Agent shall be acceptable to the Company and shall at all times be a corporation organized and doing business under the laws of the United States, any state or
territory thereof or the District of Columbia or the Commonwealth of Puerto Rico, authorized under such laws to act as Authenticating Agent, having a combined capital and surplus of not less than Fifty Million Dollars ($50,000,000) and subject to
supervision or examination by federal or state authority. If such Authenticating Agent publishes reports of condition at least annually, pursuant to law or to the requirements of said supervising or examining authority, then for the purposes of this
Section, the combined capital and surplus of such Authenticating Agent shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time an Authenticating Agent shall cease to be
eligible in accordance with the provisions of this Section, such Authenticating Agent shall resign immediately in the manner and with the effect specified in this Section. 

Any corporation into which an Authenticating Agent may be merged or converted or with which it may be consolidated, or any corporation
resulting from any merger, conversion or consolidation to which such Authenticating Agent shall be a party, or any corporation succeeding to all or substantially all of the corporate agency or corporate trust business of an Authenticating Agent,
shall continue to be an Authenticating Agent, provided such corporation shall be otherwise eligible under this Section, without the execution or filing of any paper or any further act on the part of the Trustee or the Authenticating Agent. 

An Authenticating Agent may resign at any time by giving written notice thereof to the Trustee and to the Company. The Trustee may at any time
terminate the agency of an 

  
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Authenticating Agent by giving written notice thereof to such Authenticating Agent and to the Company. Upon receiving such a notice of resignation or upon such a termination, or in case at any
time such Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section, the Trustee may appoint a successor Authenticating Agent which shall be acceptable to the Company. Any successor Authenticating Agent upon
acceptance of its appointment hereunder shall become vested with all the rights, powers and duties of its predecessor hereunder, with like effect as if originally named as an Authenticating Agent. No successor Authenticating Agent shall be appointed
unless eligible under the provisions of this Section. 
 The Company agrees to pay to each Authenticating Agent from time to time reasonable
compensation for its services under this Section. 
 The provisions of Sections 3.08, 11.04 and 11.05 shall be
applicable to each Authenticating Agent. 
 If an appointment with respect to the Bonds of one or more series, or any Tranche thereof, shall
be made pursuant to this Section, the Bonds of such series or Tranche may have endorsed thereon, in addition to the Trustee’s certificate of authentication, an alternate certificate of authentication substantially in the following form: 

This is one of the Bonds of the series designated therein referred to in the within-mentioned Indenture. 

 

			
	                                    
                                        , 
as Trustee

 
			
		
	By	 	     

			
	As Authenticating Agent

 
			
		
	By	 	     

			
	Authorized Officer

 If all of the Bonds of a series may not be originally issued at one time, and if the Trustee does not
have an office capable of authenticating Bonds upon original issuance located in a Place of Payment where the Company wishes to have Bonds of such series authenticated upon original issuance, the Trustee, if so requested by the Company in writing
(which writing need not comply with Section 1.04 and need not be accompanied by an Opinion of Counsel), shall appoint, in accordance with this Section and in accordance with such procedures as shall be acceptable to the
Trustee, an Authenticating Agent having an office in a Place of Payment designated by the Company with respect to such series of Bonds. 

  
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 ARTICLE XII 

LISTS OF HOLDERS; REPORTS BY TRUSTEE AND COMPANY 
  

	SECTION 12.01.	 LISTS OF HOLDERS. 

Semiannually, not less than 45 days nor more than 60 days after June 1 and December 1 in each year, commencing December 1, 2020,
and at such other times as the Trustee may request in writing, the Company shall furnish or cause to be furnished to the Trustee, information as to the names and addresses of the Holders as of a date no more than fifteen (15) days prior to the
date such information is so furnished, and the Trustee shall preserve such information and similar information received by it in any other capacity and afford to the Holders access to information so preserved by it, all to such extent, if any, and
in such manner as shall be required by the Trust Indenture Act; provided, however, that no such list need be furnished so long as the Trustee shall be the Bond Registrar. 

 

	SECTION 12.02.	 REPORTS BY TRUSTEE AND COMPANY. 

Not later than July 15 in each year, commencing July 15, 2021, the Trustee shall transmit to the Holders, the Commission and each
securities exchange upon which any Bonds are listed a report, dated as of the next preceding May 15, with respect to any events and other matters described in Section 313(a) of the Trust Indenture Act, in such manner and to the extent
required by the Trust Indenture Act. The Trustee shall transmit to the Holders, the Commission and each securities exchange upon which any Bonds are listed, and the Company shall file with the Trustee (within thirty (30) days after filing with
the Commission in the case of reports which pursuant to the Trust Indenture Act must be filed with the Commission and furnished to the Trustee) and cause to be transmitted to the Holders, such other information, reports and other documents, if any,
at such times and in such manner, as shall be required by the Trust Indenture Act. Delivery of such reports, information and documents to the Trustee is for informational purposes only and the Trustee’s receipt of such shall not constitute
constructive notice of any information contained therein or determinable from information contained therein, including the Company’s compliance with any of its covenants hereunder (as to which the Trustee is entitled to rely exclusively on
Officers’ Certificates). The Company shall notify the Trustee in writing of the listing of any Bonds on any securities exchange. 

ARTICLE XIII 

CONSOLIDATION, MERGER, CONVEYANCE OR OTHER TRANSFER 
  

	SECTION 13.01.	 COMPANY MAY CONSOLIDATE, ETC., ONLY ON CERTAIN TERMS. 

The Company shall not consolidate with or merge with or into any other Person, or convey, or otherwise transfer, or lease, subject to the lien
of this Indenture, all or substantially all of the Mortgaged Property to any Person, unless: 
 (a)    the Person formed
by such consolidation or into which the Company is merged or the Person which acquires by conveyance or other transfer, or which leases, all or 

  
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substantially all of the Mortgaged Property shall be a corporation, shall be organized and existing under the laws of the United States, any state thereof or the District of Columbia (such
corporation being hereinafter sometimes called the “Successor Corporation”) and shall execute and deliver to the Trustee an indenture supplemental hereto, in form recordable and reasonably satisfactory to the Trustee, which: 

(i)    in the case of a consolidation, merger, conveyance or other transfer, or in the case of a lease if
the term thereof extends beyond the last Stated Maturity of the Bonds then Outstanding, contains an assumption by the Successor Corporation of the due and punctual payment of the principal of and premium, if any, and interest, if any, on all the
Bonds then Outstanding and the performance and observance of every covenant and condition of this Indenture to be performed or observed by the Company, and 

(ii)    contains a grant, conveyance, transfer and mortgage by the Successor Corporation, of the same tenor
of the Granting Clauses herein, 
 (A)    confirming the lien of this Indenture on the Mortgaged Property
(as constituted immediately prior to the time such transaction became effective) and subjecting to the lien of this Indenture all property (other than Excepted Property), real, personal and mixed, thereafter acquired by the Successor Corporation
which shall constitute an improvement, extension or addition to the Mortgaged Property (as so constituted) or a renewal, replacement or substitution of or for any part thereof, and, at the election of the Successor Corporation, 

(B)    subjecting to the lien of this Indenture such property, real, personal or mixed, in addition to the
property described in subclause (A) above, then owned or thereafter acquired by the Successor Corporation as the Successor Corporation shall, in its sole discretion, specify or describe therein, and the lien confirmed or created by such
grant, conveyance, transfer and mortgage shall have force, effect and standing similar to those which the lien of this Indenture would have had if the Company had not been a party to such consolidation, merger, conveyance or other transfer and had
itself, after the time such transaction became effective, purchased, constructed or otherwise acquired the property subject to such grant, conveyance, transfer and mortgage; 

(b)    in the case of a lease, such lease shall be made expressly subject to termination by the Company at any time during
the continuance of an Event of Default, and also by the purchaser of the property so leased at any sale thereof hereunder, whether such sale be made under the power of sale hereby conferred or pursuant to judicial proceedings; 

(c)    immediately after giving effect to such transaction and treating any indebtedness which becomes an obligation of
the Company as a result of such transaction as having been incurred by the Company at the time of such transaction, no Default or Event of Default shall have occurred and be continuing; and 

  
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 (d)    the Company has delivered to the Trustee an Officer’s
Certificate and an Opinion of Counsel, each stating that the merger, consolidation, conveyance, lease or transfer, as the case may be, fully complies with all provisions of this Indenture; provided, however, that the delivery of such
an Officer’s Certificate and Opinion of Counsel shall not be required with respect to any merger, consolidation, conveyance, transfer or lease between the Company and any of its wholly-owned Subsidiaries. 

Notwithstanding the foregoing, the Company may merge or consolidate with or transfer all or substantially all of its assets to an Affiliate
that has no significant assets or liabilities and was formed solely for the purpose of changing the jurisdiction of organization of the Company or the form of organization of the Company or for the purpose of forming a holding company; provided that
the amount of indebtedness of the Company is not increased thereby; and provided, further that the successor assumes all obligations of the Company under this Indenture. 

As used in this Article and in Section 8.10(d), the terms “improvement”, “extension” and
“addition” shall be limited to (a) with respect to real property subject to the lien of this Indenture, any item of personal property which has been so affixed or attached to such real property as to be regarded a part of such real
property under applicable law and (b) with respect to personal property subject to the lien of this Indenture, any improvement, extension or addition to such personal property which (i) is made to maintain, renew, repair or improve the
function of such personal property and (ii) is physically installed in or affixed to such personal property. 
  

	SECTION 13.02.	 SUCCESSOR CORPORATION SUBSTITUTED. 

Upon any consolidation or merger or any conveyance or other transfer, subject to the Lien of this Indenture, of all or substantially all of the
Mortgaged Property in accordance with Section 13.01, the Successor Corporation shall succeed to, and be substituted for, and may exercise every power and right of, the Company under this Indenture with the same effect as if
such Successor Corporation had been named as the “Company” herein. Without limiting the generality of the foregoing: 

(a)    all property of the Successor Corporation then subject to the lien of this Indenture, of the character described in
Section 1.03, shall constitute Property Additions; 
 (b)    the Successor Corporation may
execute and deliver to the Trustee, and thereupon the Trustee shall, subject to the provisions of Article V, authenticate and deliver, Bonds upon any basis provided in Article V; and 

(c)    the Successor Corporation may, subject to the applicable provisions of this Indenture, cause Property Additions to
be applied to any other Authorized Purpose. 
 All Bonds so executed by the Successor Corporation, and authenticated and delivered by the
Trustee, shall in all respects be entitled to the benefit of the lien of this Indenture equally and ratably with all Bonds executed, authenticated and delivered prior to the time such consolidation, merger, conveyance or other transfer became
effective. 

  
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 In case of any such consolidation, merger, sale, conveyance or lease, changes in phraseology
and form may be made in the Bonds thereafter to be issued and the documentation thereafter to be delivered hereunder as may be appropriate to reflect such occurrence. 
  

	SECTION 13.03.	 EXTENT OF LIEN HEREOF ON PROPERTY OF SUCCESSOR CORPORATION. 

Unless, in the case of a consolidation, merger, conveyance or other transfer contemplated by Section 13.01, the
indenture supplemental hereto contemplated in clause (a) in Section 13.01, or any other indenture, contains a grant, conveyance, transfer and mortgage by the Successor Corporation as described in subclause
(B) thereof, neither this Indenture nor such supplemental indenture shall become or be, or be required to become or be, a Lien upon any of the properties: 

(a)    owned by the Successor Corporation or any other party to such transaction (other than the Company) immediately
prior to the time of effectiveness of such transaction or 
 (b)    acquired by the Successor Corporation at or after
the time of effectiveness of such transaction, 
 except, in either case, Mortgaged Property acquired from the Company in or as a result of such transaction
and, to the extent not constituting Excepted Property, improvements, extensions and additions to such properties and renewals, replacements and substitutions of or for any part or parts thereof. 

 

	SECTION 13.04.	 RELEASE OF COMPANY UPON CONVEYANCE OR OTHER TRANSFER. 

In the case of a conveyance or other transfer to any Person or Persons as contemplated in Section 13.01, upon the
satisfaction of all the conditions specified in Section 13.01, the Company (such term being used in this Section without giving effect to such transaction) shall be released and discharged from all obligations and covenants
under this Indenture and on and under all Bonds then Outstanding (unless the Company shall have delivered to the Trustee an instrument in which it shall waive such release and discharge) and the Trustee shall acknowledge in writing that the Company
has been so released and discharged. 
  

	SECTION 13.05.	 MERGER INTO COMPANY; EXTENT OF LIEN HEREOF. 

(a)    Nothing in this Indenture shall be deemed to prevent or restrict any consolidation or merger after the consummation
of which the Company would be the surviving or resulting company or any conveyance or other transfer, or lease, subject to the lien of this Indenture (unless otherwise expressly provided herein), of any part of the Mortgaged Property which does not
constitute the entirety, or substantially the entirety, thereof. 
 (b)    Unless, in the case of a consolidation or
merger described in subsection (a) of this Section, an indenture supplemental hereto shall otherwise provide, this Indenture shall not become or be, or be required to become or be, a Lien upon any of the properties acquired by the
Company in or as a result of such transaction or any improvements, extensions or additions to such properties or any renewals, replacements or substitutions of or for any part or parts thereof. 

  
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 ARTICLE XIV 

SUPPLEMENTAL INDENTURES 

SECTION 14.01. SUPPLEMENTAL INDENTURES WITHOUT CONSENT OF HOLDERS. 

Without the consent of any Holders, the Company and the Trustee, at any time and from time to time, may enter into one or more indentures
supplemental hereto for any of the following purposes: 
 (a) to evidence the succession of another Person to the Company and the assumption
by any such successor of the covenants of the Company herein and in the Bonds, all as provided in Article XIII; or 
 (b) to add one
or more covenants of the Company or other provisions for the benefit of all Holders or for the benefit of the Holders of, or to remain in effect only so long as there shall be Outstanding, Bonds of one or more specified series, or one or more
specified Tranches thereof; or to surrender any right or power herein conferred upon the Company; or 
 (c) to correct or amplify the
description of any property at any time subject to the lien of this Indenture; or better to assure, convey and confirm unto the Trustee any property subject or required to be subjected to the lien of this Indenture; or to subject to the lien of this
Indenture additional property (including property of Persons other than the Company); or 
 (d) to specify any additional Permitted Liens
with respect to such additional property and to modify Section 8.02 in order to specify therein any additional items with respect to such additional property; or 

(e) to change or eliminate any provision of this Indenture or to add any new provision to this Indenture; provided, however,
that if such change, elimination or addition shall adversely affect the interests of the Holders of Bonds of any series or Tranche in any material respect, such change, elimination or addition shall become effective with respect to such series or
Tranche only when no Bond of such series or Tranche remains Outstanding; or 
 (f) to establish the form or terms of Bonds of any series or
Tranche as contemplated by Sections 2.01 and 3.01; or 
 (g) to evidence and provide for the acceptance of appointment
hereunder by a separate or successor Trustee with respect to the Bonds of one or more series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts
hereunder by more than one Trustee, pursuant to the requirements of Section 11.11(b); or 
 (h) to provide for the
procedures required to permit the Company to issue, at its option, all or any series or Tranche of, the Bonds as uncertificated securities; or 

  
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 (i) to change any place or places where (1) the principal of and premium, if any, and
interest, if any, on all or any series of Bonds, or any Tranche thereof, shall be payable, (2) all or any series of Bonds, or any Tranche thereof, may be surrendered for registration of transfer, (3) all or any series of Bonds, or any
Tranche thereof, may be surrendered for exchange and (4) notices and demands to or upon the Company in respect of all or any series of Bonds, or any Tranche thereof, and this Indenture may be served; or 

(j) to cure any ambiguity, to correct or supplement any provision herein which may be defective or inconsistent with any other provision
herein; or to make any other additions to, deletions from or other changes to the provisions under this Indenture, provided that such additions, deletions and/or other changes shall not adversely affect the interests of the Holders of Bonds of any
series or Tranche in any material respect; or 
 (k) to modify, eliminate or add to the provisions of this Indenture to such extent as shall
be necessary to effect the qualification of this Indenture under the Trust Indenture Act, or under any similar federal statute hereafter enacted, and to add to this Indenture such other provisions as may be expressly permitted by the Trust Indenture
Act, excluding, however the provisions referred to in Section 316(a)(2) of the Trust Indenture Act as in effect at the date as of which this instrument was executed or any corresponding provision in any similar federal statute hereafter
enacted; or 
 (l) in connection with the occurrence of the Lien Effective Date under Section 4.01, to amend (including to amend and
restate) this Indenture to effectuate the lien of this Indenture on the Mortgaged Property; or 
 (m) to supplement any of the provisions of
this Indenture to such extent as shall be necessary to permit or facilitate the discharge of any series of Bonds pursuant to Section 9.02; provided that any such action shall not adversely affect the interests of the
Holders of Bonds of such series or any other series of Bonds in any material respect; or 
 (n) to comply with the rules or regulations of
any securities exchange or automated quotation system on which any of the Bonds may be listed or traded or of any applicable securities depositary. 

Without limiting the generality of the foregoing, if the Trust Indenture Act as in effect at the Execution Date, or at any time thereafter
shall be amended and 
 (x) if any such amendment shall require one or more changes to any provisions hereof or the inclusion
herein of any additional provisions, or shall by operation of law be deemed to effect such changes or incorporate such provisions by reference or otherwise, this Indenture shall be deemed to have been amended so as to conform to such amendment to
the Trust Indenture Act, and the Company and the Trustee may, without the consent of any Holders, enter into an indenture supplemental hereto to evidence such amendment hereof; or 

  
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 (y) if any such amendment shall permit one or more changes to, or the
elimination of, any provisions hereof which, at the date of the execution and delivery hereof or at any time thereafter, are required by the Trust Indenture Act to be contained herein or are contained herein to reflect any provisions of the Trust
Indenture Act as in effect at such date, this Indenture shall be deemed to have been amended to effect such changes or elimination, and the Company and the Trustee may, without the consent of any Holders, enter into an indenture supplemental hereto
to amend this Indenture to effect such changes or elimination. 
 SECTION 14.02. SUPPLEMENTAL INDENTURES WITH CONSENT OF HOLDERS. 

Subject to the provisions of Section 14.01, with the consent of the Holders of not less than a majority in aggregate
principal amount of the Bonds of all series then Outstanding under this Indenture, considered as one class, by Act of said Holders delivered to the Company and the Trustee, the Company and the Trustee may enter into an indenture or indentures
supplemental hereto for the purpose of adding any provisions to, or changing in any manner or eliminating any of the provisions of, this Indenture; provided, however, that if there shall be Bonds of more than one series Outstanding
hereunder and if a proposed supplemental indenture shall directly affect the rights of the Holders of Bonds of one or more, but less than all, of such series, then the consent only of the Holders of a majority in aggregate principal amount of the
Outstanding Bonds of all series so directly affected, considered as one class, shall be required; and provided, further, that if the Bonds of any series shall have been issued in more than one Tranche and if a proposed supplemental
indenture shall directly affect the rights of the Holders of Bonds of one or more, but less than all, of such Tranches, then the consent only of the Holders of a majority in aggregate principal amount of the Outstanding Bonds of all Tranches so
directly affected, considered as one class, shall be required; and provided, further, that no such supplemental indenture shall, without the consent of the Holder of each Outstanding Bond of each series or Tranche so directly affected:

 (a) except as otherwise specified in the form or terms of the Bonds of any series as permitted by Sections 2.01 and 3.01
with respect to extending the Stated Maturity of any Bond of such series, change the Stated Maturity of the principal of, or any installment of principal of or interest on, any Bond, or reduce the principal amount thereof or the rate of interest
thereon (or the amount of any installment of interest thereon) or change the method of calculating such rate or reduce any premium payable thereon, or reduce the amount of the principal of any Discount Bond that would be due and payable upon a
declaration of acceleration of the Maturity thereof pursuant to Section 10.02, or change the coin or currency (or other property), in which any Bond or premium, if any, or interest, if any, thereon is payable, or impair the
right to institute suit for the enforcement of any such payment on or after the Maturity of any Bond, without, in any such case, the consent of the Holder of such Bond; or 

(b) permit the creation of any Lien (not otherwise permitted hereby) ranking prior to the lien of this Indenture with respect to all or
substantially all of the Mortgaged Property, or terminate the lien of this Indenture on all or substantially all of the Mortgaged Property or deprive the Holders of the benefit of the lien of this Indenture; or 

  
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 (c) reduce the percentage in principal amount of the Outstanding Bonds of any series, or any
Tranche thereof, the consent of the Holders of which is required for any such supplemental indenture, or the consent of the Holders of which is required for any waiver of compliance with any provision of this Indenture or of any default hereunder
and its consequences, or reduce the requirements of Section 15.04 for quorum or voting; or 
 (d) modify any of
the provisions of this Section, Section 7.09 or Section 10.17 with respect to the Bonds of any series or any Tranche thereof (except to increase the percentages in principal amount referred to in
this Section or such other Sections or to provide that other provisions of this Indenture cannot be modified or waived without the consent of the Holders of all Bonds of such series or Tranche) without, in any such case, the consent of the Holder of
each Outstanding Bond of such series or Tranche; provided, however, that this clause shall not be deemed to require the consent of any Holder with respect to changes in the references to “the Trustee” and concomitant changes
in this Section, or the deletion of this proviso, in accordance with the requirements of Section 14.01(g). 
 A
supplemental indenture which (x) changes or eliminates any covenant or other provision of this Indenture which has expressly been included solely for the benefit of the Holders of, or which is to remain in effect only so long as there shall be
Outstanding, Bonds of one or more specified series, or one or more Tranches thereof, or (y) modifies the rights of the Holders of Bonds of such series or Tranches with respect to such covenant or other provision, shall be deemed not to affect
the rights under this Indenture of the Holders of Bonds of any other series or Tranche. 
 It shall not be necessary for any Act of Holders
under this Section to approve the particular form of any proposed supplemental indenture, but it shall be sufficient if such Act shall approve the substance thereof. 

Anything in this Indenture to the contrary notwithstanding, if the Officer’s Certificate, supplemental indenture or Board Resolution, as
the case may be, establishing the Bonds of any series or Tranche shall provide that the Company may make certain specified additions, changes or eliminations to or from the Indenture which shall be specified in such Officer’s Certificate,
supplemental indenture or Board Resolution establishing such series or Tranche, (a) the Holders of Bonds of such series or Tranche shall be deemed to have consented to a supplemental indenture containing such additions, changes or eliminations
to or from the Indenture which shall be specified in such Officer’s Certificate, supplemental indenture or Board Resolution establishing such series or Tranche, (b) no Act of such Holders shall be required to evidence such consent and
(c) such consent may be counted in the determination of whether or not the Holders of the requisite principal amount of Bonds shall have consented to such supplemental indenture. 

SECTION 14.03. EXECUTION OF SUPPLEMENTAL INDENTURES. 

In executing, or accepting the additional trusts created by, any supplemental indenture permitted by this Article or the modifications thereby
of the trusts created by this Indenture, the Trustee shall be entitled to receive, and (subject to Section 11.01) shall be fully protected in relying upon, an Officer’s Certificate and Opinion of Counsel stating that
the execution of such supplemental indenture is authorized or permitted by this Indenture. The Trustee may, but shall not be obligated to, enter into any such supplemental indenture which affects the Trustee’s own rights, duties, immunities or
liabilities under this Indenture or otherwise. 

  
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 SECTION 14.04. EFFECT OF SUPPLEMENTAL INDENTURES. 

Upon the execution and delivery of any supplemental indenture under this Article, this Indenture shall be modified in accordance therewith, and
such supplemental indenture shall form a part of this Indenture for all purposes; and every Holder of Bonds theretofore or thereafter authenticated and delivered hereunder shall be bound thereby. Any supplemental indenture permitted by this Article
may restate this Indenture in its entirety, and, upon the execution and delivery thereof, any such restatement shall supersede this Indenture as theretofore in effect for all purposes. 

SECTION 14.05. CONFORMITY WITH TRUST INDENTURE ACT. 

Every supplemental indenture executed pursuant to this Article shall conform to the requirements of the Trust Indenture Act. 

SECTION 14.06. REFERENCE IN BONDS TO SUPPLEMENTAL INDENTURES. 

Bonds of any series, or any Tranche thereof, authenticated and delivered after the execution of any supplemental indenture pursuant to this
Article may, and shall if required by the Trustee, bear a notation in form approved by the Trustee as to any matter provided for in such supplemental indenture. If the Company shall so determine, new Bonds of any series, or any Tranche thereof, so
modified as to conform, in the opinion of the Trustee and the Company, to any such supplemental indenture may be prepared and executed by the Company and authenticated and delivered by the Trustee in exchange for Outstanding Bonds of such series or
Tranche. 
 SECTION 14.07. MODIFICATION WITHOUT SUPPLEMENTAL INDENTURE. 

To the extent, if any, that the terms of any particular series of Bonds shall have been established in or pursuant to a Board Resolution or an
Officer’s Certificate pursuant to a supplemental indenture or a Board Resolution as contemplated by Section 3.01, and not in a supplemental indenture, additions to, changes in or the elimination of any of such terms
may be effected by means of a supplemental Board Resolution or a supplemental Officer’s Certificate, as the case may be, delivered to, and accepted by, the Trustee; provided, however, that such supplemental Board Resolution or
supplemental Officer’s Certificate shall not be accepted by the Trustee or otherwise be effective unless all conditions set forth in this Indenture which would be required to be satisfied if such additions, changes or elimination were contained
in a supplemental indenture shall have been appropriately satisfied. Upon the acceptance thereof by the Trustee, any such supplemental Board Resolution or supplemental Officer’s Certificate shall be deemed to be a “supplemental
indenture” for purposes of Section 14.04 and 14.06 and a “supplemental indenture”, “indenture supplemental” to this Indenture or “instrument” supplemental to this Indenture for
purposes of Section 7.08. 

  
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 ARTICLE XV 

MEETINGS OF HOLDERS; ACTION WITHOUT MEETING 

SECTION 15.01. PURPOSES FOR WHICH MEETINGS MAY BE CALLED. 

A meeting of Holders of Bonds of one or more, or all, series, or any Tranche or Tranches thereof, may be called at any time and from time to
time pursuant to this Article to make, give or take any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be made, given or taken by Holders of Bonds of such series or Tranches. 

SECTION 15.02. CALL, NOTICE AND PLACE OF MEETINGS. 

(a) The Trustee may at any time call a meeting of Holders of Bonds of one or more, or all, series, or any Tranche or Tranches thereof, for any
purpose specified in Section 15.01, to be held at such time and (except as provided in subsection (b) of this Section) at such place as the Trustee shall determine with the approval of the Company. Notice of
every such meeting, setting forth the time and the place of such meeting and in general terms the action proposed to be taken at such meeting, shall be given, in the manner provided in Section 1.08, not less than twenty-one (21) nor more than one hundred eighty (180) days prior to the date fixed for the meeting. 

(b) The Trustee may be asked to call a meeting of the Holders of Bonds of one or more, or all, series, or any Tranche or Tranches thereof, by
the Company or by the Holders of at least twenty-five percent (25%) in aggregate principal amount of all of such series and Tranches, considered as one class, for any purpose specified in Section 15.01, by written request
setting forth in reasonable detail the action proposed to be taken at the meeting. If the Trustee shall have been asked by the Company to call such a meeting, the Company shall determine the time and place for such meeting and may call such meeting
by giving notice thereof in the manner provided in subsection (a) of this Section, or shall direct the Trustee, in the name and at the expense of the Company, to give such notice. If the Trustee shall have been asked to call such a
meeting by Holders in accordance with this subsection (b), and the Trustee shall not have given the notice of such meeting within twenty-one (21) days after receipt of such request or shall not
thereafter proceed to cause the meeting to be held as provided herein, then the Holders of Bonds of such series and Tranches, in the principal amount above specified, may determine the time and the place for such meeting, such place to be approved
by the Company, and may call such meeting for such purposes by giving notice thereof as provided in subsection (a) of this Section. 

(c) Any meeting of Holders of Bonds of one or more, or all, series, or any Tranche or Tranches thereof, shall be valid without notice if the
Holders of all Outstanding Bonds of such series or Tranches are present in person or by proxy and if representatives of the Company and the Trustee are present, or if notice is waived in writing before or after the meeting by the Holders of all
Outstanding Bonds of such series, or any Tranche or Tranches thereof, or by such of them as are not present at the meeting in person or by proxy, and by the Company and the Trustee. 

  
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 SECTION 15.03. PERSONS ENTITLED TO VOTE AT MEETINGS. 

To be entitled to vote at any meeting of Holders of Bonds of one or more, or all, series, or any Tranche or Tranches thereof, a Person shall be
(a) a Holder of one or more Outstanding Bonds of such series or Tranches or (b) a Person appointed by an instrument in writing as proxy for a Holder or Holders of one or more Outstanding Bonds of such series or Tranches by such Holder or
Holders. The only Persons who shall be entitled to attend any meeting of Holders of Bonds of any series or Tranche shall be the Persons entitled to vote at such meeting and their counsel, any representatives of the Trustee and its counsel and any
representatives of the Company and its counsel. 
 SECTION 15.04. QUORUM; ACTION. 

The Persons entitled to vote a majority in aggregate principal amount of the Outstanding Bonds of the series and Tranches with respect to which
a meeting shall have been called as hereinbefore provided, considered as one class, shall constitute a quorum for a meeting of Holders of Bonds of such series and Tranches; provided, however, that if any action is to be taken at such
meeting which this Indenture expressly provides may be taken by the Holders of a specified percentage, which is less than a majority, in principal amount of the Outstanding Bonds of such series and Tranches, considered as one class, the Persons
entitled to vote such specified percentage in principal amount of the Outstanding Bonds of such series and Tranches, considered as one class, shall constitute a quorum. In the absence of a quorum within one hour of the time appointed for any such
meeting, the meeting shall, if convened at the request of Holders of Bonds of such series and Tranches, be dissolved. In any other case the meeting may be adjourned for such period as may be determined by the chairman of the meeting prior to the
adjournment of such meeting. In the absence of a quorum at any such adjourned meeting, such adjourned meeting may be further adjourned for such period as may be determined by the chairman of the meeting prior to the adjournment of such adjourned
meeting. Except as provided by Section 15.05(e), notice of the reconvening of any meeting adjourned for more than thirty (30) days shall be given as provided in Section 1.08 not less than ten
(10) days prior to the date on which the meeting is scheduled to be reconvened. Notice of the reconvening of an adjourned meeting shall state expressly the percentage, as provided above, of the principal amount of the Outstanding Bonds of such
series and Tranches which shall constitute a quorum. 
 Except as limited by Section 14.02, any resolution
presented to a meeting or adjourned meeting duly reconvened at which a quorum is present as aforesaid may be adopted only by the affirmative vote of the Holders of not less than a majority in aggregate principal amount of the Outstanding Bonds of
the series and Tranches with respect to which such meeting shall have been called, considered as one class; provided, however, that, except as so limited, any resolution with respect to any action which this Indenture expressly
provides may be taken by the Holders of a specified percentage, which is less than a majority, in principal amount of the Outstanding Bonds of such series and Tranches, considered as one class, may be adopted at a meeting or an adjourned meeting
duly reconvened and at which a quorum is present as aforesaid by the affirmative vote of the Holders of such specified percentage in principal amount of the Outstanding Bonds of such series and Tranches, considered as one class. 

  
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 Any resolution passed or decision taken at any meeting of Holders of Bonds duly held in
accordance with this Section shall be binding on all the Holders of Bonds of the series and Tranches with respect to which such meeting shall have been held, whether or not present or represented at the meeting. 

SECTION 15.05. ATTENDANCE AT MEETINGS; DETERMINATION OF VOTING RIGHTS; CONDUCT AND ADJOURNMENT OF MEETINGS. 

(a) Attendance at meetings of Holders of Bonds may be in person or by proxy; and, to the extent permitted by law, any such proxy shall remain
in effect and be binding upon any future Holder of the Bonds with respect to which it was given unless and until specifically revoked by the Holder or future Holder (except as provided in Section 1.06(g)) of such Bonds
before being voted. 
 (b) Notwithstanding any other provisions of this Indenture, the Trustee may make such reasonable regulations as it
may deem advisable for any meeting of Holders of Bonds in regard to proof of the holding of such Bonds and of the appointment of proxies and in regard to the appointment and duties of inspectors of votes, the submission and examination of proxies,
certificates and other evidence of the right to vote, and such other matters concerning the conduct of the meeting as it shall deem appropriate. Except as otherwise permitted or required by any such regulations and approved by the Company, the
holding of Bonds shall be proved in the manner specified in Section 1.06 and the appointment of any proxy shall be proved in the manner specified in Section 1.06. Such regulations may provide that
written instruments appointing proxies, regular on their face, may be presumed valid and genuine without the proof specified in Section 1.06 or other proof. 

(c) The Trustee shall, by an instrument in writing, appoint a temporary chairman of the meeting, unless the meeting shall have been called by
the Company or by Holders as provided in Section 15.02(b), in which case the Company or the Holders of Bonds of the series and Tranches calling the meeting, as the case may be, shall in like manner appoint a temporary
chairman. A permanent chairman and a permanent secretary of the meeting shall be elected by vote of the Persons entitled to vote a majority in aggregate principal amount of the Outstanding Bonds of all series and Tranches represented at the meeting,
considered as one class. 
 (d) At any meeting each Holder or proxy shall be entitled to one vote for each One Thousand Dollars ($1,000)
principal amount of Outstanding Bonds held or represented by such Holder; provided, however, that no vote shall be cast or counted at any meeting in respect of any Bond challenged as not Outstanding and ruled by the chairman of the
meeting to be not Outstanding. The chairman of the meeting shall have no right to vote, except as a Holder of a Bond or proxy. 
 (e) Any
meeting duly called pursuant to Section 15.02 at which a quorum is present may be adjourned from time to time by Persons entitled to vote a majority in aggregate principal amount of the Outstanding Bonds of all series and
Tranches represented at the meeting, considered as one class; and the meeting may be held as so adjourned without further notice. 

  
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 SECTION 15.06. COUNTING VOTES AND RECORDING ACTION OF MEETINGS. 

The vote upon any resolution submitted to any meeting of Holders shall be by written ballots on which shall be subscribed the signatures of the
Holders or of their representatives by proxy and the principal amounts and serial numbers (or CUSIP numbers in the case of Global Bonds) of the Outstanding Bonds, of the series and Tranches with respect to which the meeting shall have been called,
held or represented by them. The permanent chairman of the meeting shall appoint two (2) inspectors of votes who shall count all votes cast at the meeting for or against any resolution and who shall make and file with the secretary of the
meeting their verified written reports of all votes cast at the meeting. A record in duplicate of the proceedings of each meeting of Holders shall be prepared by the secretary of the meeting and there shall be attached to such record the original
reports of the inspectors of votes on any vote by ballot taken thereat and affidavits by one or more persons having knowledge of the facts setting forth a copy of the notice of the meeting and showing that such notice was given as provided in
Section 15.02 and, if applicable, Section 15.04. Each copy shall be signed and verified by the affidavits of the permanent chairman and secretary of the meeting and one such copy shall be delivered
to the Company, and another to the Trustee to be preserved by the Trustee, the latter to have attached thereto the ballots voted at the meeting. Any record so signed and verified shall be conclusive evidence of the matters therein stated. 

SECTION 15.07. ACTION WITHOUT MEETING. 

In lieu of a vote of Holders at a meeting as hereinbefore contemplated in this Article, any request, demand, authorization, direction, notice,
consent, waiver or other action may be made, given or taken by Holders by one or more written instruments as provided in Section 1.06. 

ARTICLE XVI 
 IMMUNITY OF
INCORPORATORS, STOCKHOLDERS, 
 OFFICERS AND DIRECTORS 

SECTION 16.01. LIABILITY SOLELY CORPORATE. 

No recourse shall be had for the payment of the principal of or premium, if any, or interest, if any, on any Bonds, or any part thereof, or for
any claim based thereon or otherwise in respect thereof, or of the indebtedness represented thereby, or upon any obligation, covenant or agreement under this Indenture, against any incorporator, stockholder, officer or director, as such, past,
present or future, of the Company or of any predecessor or successor corporation (either directly or through the Company or a predecessor or successor corporation), whether by virtue of any constitutional provision, statute or rule of law or by the
enforcement of any assessment or penalty or otherwise; it being expressly agreed and understood that this Indenture and all the Bonds are solely corporate obligations and that no personal liability whatsoever shall attach to, or be incurred by, any
incorporator, stockholder, member, officer or director, past, present or future, of the Company or of any predecessor or successor corporation, either directly or indirectly through the Company or any predecessor or successor corporation, because of
the indebtedness hereby authorized or under or by reason of any of the obligations, covenants or agreements contained in this Indenture or in any of the Bonds or to be implied herefrom or therefrom; and such personal liability, if any, is hereby
expressly waived and released as a condition of, and as part of the consideration for, the execution and delivery of this Indenture and the issuance of the Bonds. 

  
 - 118 - 

 This instrument may be executed in any number of counterparts, each of which so executed
shall be deemed to be an original, but all such counterparts shall together constitute but one and the same instrument. 
 [Signature Page
Follows] 

  
 - 119 - 

 IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed as of
the day and year first above written. 
  

			
	 PACIFIC GAS AND ELECTRIC COMPANY,

as Issuer (Mortgagor)

		
	By:	 	/s/ Margaret K. Becker
	Name:	 	Margaret K. Becker
	Title:	 	Senior Director and Treasurer

  

			
	 THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,

as Trustee (Mortgagee)

		
	By:	 	/s/ Tamara Klement-Ellis
	Name:	 	Tamara Klement-Ellis
	Title:	 	Director

 A notary public or other officer completing this certificate verifies only the identity of the individual
who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. 
  

			
	 STATE OF CALIFORNIA
	  	 }

		  	 }

	 COUNTY OF SAN FRANCISCO
	  	 }

 On May 21, 2020, before me, Jolie F. Ocampo, personally appeared Margaret K. Becker, who proved to me on the basis of
satisfactory evidence to be the person(s) whose name(s) is (are) subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the
instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. 
 I certify under PENALTY OF PERJURY under the
laws of the State of California that the foregoing paragraph is true and correct. 
 WITNESS my hand and official seal. 

/s/ Jolie Franchesca Ocampo 

			
	Signature
	
	(Seal)

 A notary public or other officer completing this certificate verifies only the identity of the individual
who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. 
  

			
	 STATE OF FLORIDA
	  	 }

		  	 }

	 COUNTY OF DUVAL
	  	 }

 On April 28, 2020, before me, Cynthia M. Moore, personally appeared Tamara Klement-Ellis, who proved to me on the basis of
satisfactory evidence to be the person whose name is subscribed to the within instrument and acknowledged to me that she executed the same in her authorized capacity, and that by her signature on the instrument the person, or the entity upon behalf
of which the person(s) acted, executed the instrument. 
 I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing
paragraph is true and correct. 
 WITNESS my hand and official seal. 
  

	
	/s/ Cynthia M. Moore
	
	(Seal)

 SCHEDULE 1 

FORM OF EXPERT’S CERTIFICATE UNDER SECTION 5.02 

EXPERT’S CERTIFICATE AS TO PROPERTY ADDITIONS 

This Expert’s Certificate as to Property Additions (“Certificate”) is being executed and delivered by [NAME OF EXPERT], as
[POSITION OR TITLE OF EXPERT], and by [NAME OF AUTHORIZED OFFICER], as [TITLE OF AUTHORIZED OFFICER] of Pacific Gas and Electric Company (the “Company”), in connection with the proposed issuance of [DESCRIPTION OF PROPOSED BOND ISSUE] in
the aggregate principal amount of $         (the “New Bonds”) under Section 5.02 of that certain Indenture of Mortgage, dated as of
            , 20    , by and between the Company and The Bank of New York Mellon Trust Company, N.A., as trustee (the “Indenture”). All capitalized terms used
herein, unless otherwise defined herein, shall have the respective meanings assigned to such terms in the Indenture. 
 The undersigned
hereby certify as to each of the following items in accordance with and as required pursuant to Section 5.02(b)(ii) of the Indenture: 
  

	1.	 The Property Additions designated by the Company to be made the basis for the authentication and delivery of
the New Bonds are described as follows (the “Designated Property Additions”): 

 [DESCRIBE PROPERTY ADDITIONS]

  

	2.	 All Designated Property Additions constitute Property Additions. 

 

	3.	 The Cost of the Designated Property Additions is $        .

  

	4.	 [THE DESIGNATED PROPERTY ADDITIONS ARE SUBJECT TO A SENIOR LIEN SECURING SENIOR LIEN OBLIGATIONS. THE
OUTSTANDING PRINCIPAL AMOUNT OF PURCHASE MONEY LIENS WHICH CONSTITUTE SENIOR LIEN OBLIGATIONS IS $         AS OF THE DATE OF THIS CERTIFICATE. THE OUTSTANDING PRINCIPAL AMOUNT OF ALL OTHER SENIOR LIEN
OBLIGATIONS IS $         AS OF THE DATE OF THIS CERTIFICATE.] 

  

	5.	 The Net Cost of the Designated Property Additions is $        .

  

	6.	 All Designated Property Additions are desirable for use in the conduct of the business, or one of the
businesses, of the Company. 

  

	7.	 All Designated Property Additions, to the extent of the Property Additions Basis thereof which is to be made
the basis of the authentication and delivery of the New Bonds, constitute, prior to the issuance of the New Bonds, Unfunded Property. 

  

	8.	 [NO PORTION OF THE DESIGNATED PROPERTY ADDITIONS WAS ACQUIRED, MADE OR CONSTRUCTED THROUGH THE DELIVERY OF
SECURITIES OR 

  
 S1-1 

	 	
PROPERTY OTHER THAN CASH; THE AMOUNT OF CASH FORMING ALL OR PART OF THE COST THEREOF WAS EQUAL TO OR MORE THAN $        .] OR [A PORTION OR ALL OF THE
DESIGNATED PROPERTY ADDITIONS WAS ACQUIRED, MADE OR CONSTRUCTED THROUGH THE DELIVERY OF SECURITIES OR PROPERTY OTHER THAN CASH (SUCH PORTION BEING REFERRED TO HEREIN AS THE “NON-CASH DESIGNATED PROPERTY
ADDITIONS”). THE AMOUNT OF CASH FORMING ALL OR PART OF THE COST OF DESIGNATED PROPERTY ADDITIONS OTHER THAN NON-CASH DESIGNATED PROPERTY ADDITIONS WAS EQUAL TO OR MORE THAN
$        . WITH RESPECT TO NON-CASH DESIGNATED PROPERTY ADDITIONS, THE FOLLOWING IS A BRIEF DESCRIPTION OF THE NON-CASH
DESIGNATED PROPERTY ADDITIONS, THE SECURITIES OR OTHER PROPERTY DELIVERED IN PAYMENT FOR THE ACQUISITION OR CONSTRUCTION THEREOF, THE DATE OF SUCH DELIVERY AND, IN THE JUDGMENT OF THE UNDERSIGNED, THE FAIR MARKET VALUE IN CASH OF SUCH SECURITIES OR
OTHER PROPERTY AT THE TIME OF DELIVERY THEREOF: 

  

									
	 NON-CASH

PROPERTY
	  	 DESIGNATED

ADDITIONS
	  	 SECURITIES

OR
 PROPERTY

DELIVERED:
	  	 DATE OF

DELIVERY:
	  	 FAIR

MARKET
 VALUE:

  

	9.	 [NO PORTION OF THE DESIGNATED PROPERTY ADDITIONS INCLUDES PROPERTY WHICH CONSTITUTES AN ACQUIRED FACILITY.] OR
[A PORTION OF THE DESIGNATED PROPERTY ADDITIONS INCLUDES PROPERTY WHICH CONSTITUTES AN ACQUIRED FACILITY AND IS DESCRIBED AS FOLLOWS (THE “ACQUIRED FACILITY PORTION”): [DESCRIBE THE ACQUIRED FACILITY PORTION]. IN THE JUDGMENT OF THE
UNDERSIGNED, THE FAIR VALUE TO THE COMPANY OF THE ACQUIRED FACILITY PORTION AS OF THE DATE OF THIS CERTIFICATE [IS/IS NOT] A DE MINIMIS AMOUNT.] 

  

	10.	 In the judgment of the undersigned, the Fair Value to the Company, as of the date of this Certificate, of the
Designated Property Additions (except that portion of the Designated Property Additions with respect to the Fair Value to the Company of which a statement is being made in an Independent Expert’s Certificate) is
$        . 

  

	11.	 The Net Fair Value to the Company, as of the date of this Certificate, of the Designated Property Additions is
$        . 

  

	12.	 The Designated Property Additions are subject to Liens of the character described in clause (f) of the
definition of Permitted Liens, and such Liens do not, in the judgment of the undersigned, materially impair the use by the Company of the Mortgaged Property considered as a whole for the purposes for which it is held by the Company; the Designated
Property Additions are subject to Liens of the character described in clause (j)(ii) of the definition of Permitted Liens, and such Liens do not, in the judgment of the undersigned, materially impair the use by the Company of such Mortgaged Property
for 

  
 S1-2 

	 	
the purposes for which it is held by the Company; and the Designated Property Additions are subject to Liens of the character described in clause (q)(ii) of the definition of Permitted Liens, and
the enforcement of such Liens would not, in the judgment of the signers, adversely affect the interests of the Company in such property in any material respect. 

  

	13.	 The aggregate amount which shall be deducted under Section 1.03(b)(i) in respect of Funded Property
Retired is equal to $         and the aggregate amount which the Company has elected to be added under Section 1.03(b)(ii) in respect of Funded Property Retired is
$         (which amount to be added does not exceed the amount to be deducted above). Attached hereto as Annex 1 are the calculations which have been made by the Company pursuant to
Section 1.03(b)(i) and (ii). 

  

	14.	 The Adjusted Property Additions Basis of the Designated Property Additions is
$        . 

  

	15.	 Seventy percent (70%) of the Adjusted Property Additions Basis stated in Item 14 above is equal to
$         

  

	16.	 The aggregate principal amount of New Bonds to be authenticated and delivered on the basis of the Designated
Property Additions is equal to $         which amount does not exceed the amount stated in Item 15 above. 

[Name of Expert] hereby further certifies as follows: 
  

	 	(a)	 I have read Section 5.02(b)(ii) of the Indenture and the related definitions of defined terms appearing in
said Section 5.02(b)(ii). 

  

	 	(b)	 The statements or opinions I have expressed herein are based upon my examination/investigation of [LIST OR
DESCRIBE THE NATURE AND SCOPE OF THE EXAMINATION OR INVESTIGATION UPON WHICH THE STATEMENTS OR OPINIONS ARE BASED]; 

  

	 	(c)	 In my opinion, I have made such examination or investigation as is necessary to enable me to express an
informed opinion as to whether or not the Company has complied with the requirements of Section 5.02(b)(ii) of the Indenture. 

  

	 	(d)	 In my opinion, the Company has complied with the requirements of Section 5.02(b)(ii) of the Indenture.

 Witness our hands this         day
of            , 2    . 

  
 S1-3 

 
	
	[Signature of Expert]
	
	  

	Name:
	Title:
	
	[Signature of Authorized Officer]
	
	  

	Name:
	Title:

  
 S1-4 

 ANNEX 1 

CALCULATIONS PURSUANT TO SECTION 1.03(B) 
  

	A.	 Deductions under Section 1.03(b)(i): 

Funded Property Basis of all Funded Property Retired as described under Section 1.03(b)(i) of the Indenture:
$         
  

	B.	 Additions under Section 1.03(b)(ii): 

 

	 	(1)	 Principal amount of Purchase Money Obligations described under Section 1.03(b)(ii)(A) of the Indenture:
$         

  

	 	(2)	 10/7ths of amount of cash described under Section 1.03(b)(ii)(B) of the Indenture:
$         

  

	 	(3)	 10/7ths of the principal amount of any Bond or Bonds or portion of such principal amount described under
Section 1.03(b)(ii)(C) of the Indenture: $         

  

	 	(4)	 Adjusted Funded Property Basis of Property Additions described under Section 1.03(b)(ii)(D) of the
Indenture: $         

  

	 	(5)	 Net Cost to the Company of any Property Additions described under Section 1.03(b)(ii)(E) of the Indenture:
$         

  

	C.	 Total of all amounts under Item B. above: $        

  

	D.	 If amount in Item C. above is equal to or greater than the amount in Item A. above, then the net adjustment to
be made to the Property Additions Basis under Section 1.03(b) shall be equal to zero (0). If the amount in Item C. above is less than the amount in Item A. above, then the net adjustment to be made to the Property Additions Basis under
Section 1.03(b) shall be a reduction in an amount equal to the difference between the amount in Item A. above and the amount in Item C. above. 

  
 S1-5 

 SCHEDULE 2 

FORM OF EXPERT’S CERTIFICATE UNDER SECTION 8.03(c) 

EXPERT’S CERTIFICATE AS TO RELEASE OF FUNDED PROPERTY 

This Expert’s Certificate as to Release of Funded Property (“Certificate”) is being executed and delivered by [NAME OF EXPERT],
as [POSITION OR TITLE OF EXPERT], and by [NAME OF AUTHORIZED OFFICER], as [TITLE OF AUTHORIZED OFFICER] of Pacific Gas and Electric Company (the “Company”), in connection with certain Funded Property described below to be released pursuant
to Section 8.03 of that certain Indenture of Mortgage, dated as of [            ], 2020, by and between the Company and The Bank of New York Mellon Trust Company, N.A., as trustee (the
“Indenture”). All capitalized terms used herein, unless otherwise defined herein, shall have the respective meanings assigned to such terms in the Indenture. 

The undersigned hereby certify as to each of the following items in accordance with and as required pursuant to Section 8.03(c) of the
Indenture: 
  

	1.	 The Funded Property to be released from the lien of the Indenture is described as follows (the “Release
Property”): 

 [DESCRIBE FUNDED PROPERTY] 
  

	2.	 The Fair Value, in the judgment of the undersigned, of the Release Property, together with the Fair Value, in
the judgment of the undersigned, of Unfunded Property, if any, being released concurrently with the Release Property is $        . 

 

	3.	 The Funded Property Basis of the Release Property is $        .

  

	4.	 In the judgment of the undersigned, the release of the Release Property will not impair the security under the
Indenture in contravention of the provisions thereof. 

 [NAME OF EXPERT] hereby further certifies as follows: 

 

	 	a.	 I have read Section 8.03(c) of the Indenture and the related definitions of defined terms appearing in
said Section 8.03(c). 

  

	 	b.	 The statements or opinions I have expressed herein are based upon my examination/investigation of [LIST OR
DESCRIBE THE NATURE AND SCOPE OF THE EXAMINATION OR INVESTIGATION UPON WHICH THE STATEMENTS OR OPINIONS ARE BASED]. 

  

	 	c.	 In my opinion, I have made such examination or investigation as is necessary to enable me to express an
informed opinion as to whether or not the Company has complied with the requirements of Section 8.03(c) of the Indenture. 

  

	 	d.	 In my opinion, the Company has complied with the requirements of Section 8.03(c) of the Indenture.

  
 S2-1 

 
	
	[Signature of Expert]
	
	  

	Name:
	Title:
	
	[Signature of Authorized Officer]
	
	  

	Name:
	Title:

  
 S2-2 

 SCHEDULE 3 

FORM OF OFFICER’S CERTIFICATE UNDER SECTION 8.03(d) 

OFFICER’S CERTIFICATE PURSUANT TO SECTION 8.03(d) 

This Officer’s Certificate Pursuant to Section 8.03(d) (“Certificate”) is being executed and delivered by [NAME OF
AUTHORIZED OFFICER], as [TITLE OF AUTHORIZED OFFICER] of Pacific Gas and Electric Company (the “Company”), in connection with the release of certain Funded Property described in that certain Expert’s Certificate as to Release of
Funded Property dated [THE DATE HEREOF] (the “Expert’s Certificate”) pursuant to Section 8.03 of that certain Indenture of Mortgage, dated as of [            ], 2020, by
and between the Company and The Bank of New York Mellon Trust Company, N.A., as trustee (the “Indenture”). All capitalized terms used herein, unless otherwise defined herein, shall have the respective meanings assigned to such terms in the
Indenture. 
 The undersigned hereby certifies, as required pursuant to Section 8.03(d) of the Indenture, as follows: 

 

	1.	 The amount of the Funded Property Basis of the Release Property is
$        , as shown in the Expert’s Certificate. 

  

	2.	 The taxes and expenses incidental to the sale, exchange, dedication or other disposition of Release Property
total $        . 

  

	3.	 The aggregate amount of the Cash Deposit Credit Items to be used as the basis for the release of the Release
Property is $        , which amount has been calculated as follows: 

  

	 	A.	 $        : Aggregate principal amount of Purchase Money Obligations
delivered to Trustee and secured by Purchase Money Liens upon the Release Property; 

  

	 	B.	 $        ; [ADJUSTED PROPERTY ADDITIONS BASIS/PROPERTY ADDITIONS BASIS]
of Property Additions which constitute Unfunded Property described in the attached Expert’s Certificate as to Property Additions [IF APPLICABLE, ATTACH EXPERT’S CERTIFICATE BASED ON THE FORM ATTACHED AS SCHEDULE 1 TO THE INDENTURE];

  

	 	C.	 $        ; 10/7ths of aggregate principal amount of Bonds the right to
the authentication and delivery of which, under Section 5.03, has been waived by the Company; 

  

	 	D.	 $        ; 10/7ths of the aggregate amount of Outstanding Bonds
delivered to the Trustee. 

  
 S3-1 

	4.	 The Cash Deposit Amount to be delivered to the Trustee is $        ,
which amount is equal to the Funded Property Basis stated in Item 1, less the amount stated in Item 2, and less the aggregate amount of the Cash Deposit Credit Items stated in Item 3. 

Witness my hand this     day of         , 2      .

  

	
	[Signature of Authorized Officer]
	
	  

	Name:
	Title:

  
 S3-2 

 SCHEDULE 4 

FORM OF EXPERT’S CERTIFICATE UNDER SECTION 8.04(c) 

EXPERT’S CERTIFICATE AS TO RELEASE OF UNFUNDED PROPERTY 

This Expert’s Certificate as to Release of Unfunded Property (“Certificate”) is being executed and delivered by [NAME OF
EXPERT], as [POSITION OR TITLE OF EXPERT], and by [NAME OF AUTHORIZED OFFICER], as [TITLE OF AUTHORIZED OFFICER] of Pacific Gas and Electric Company (the “Company”), in connection with certain Unfunded Property described below to be
released pursuant to Section 8.04(c) of that certain Indenture of Mortgage, dated as of         , 20    , by and between the Company and The Bank of New York Mellon Trust Company,
N.A., as trustee (the “Indenture”). All capitalized terms used herein, unless otherwise defined herein, shall have the respective meanings assigned to such terms in the Indenture. 

The undersigned hereby certify as to each of the following items in accordance with and as required pursuant to Section 8.04(c) of the
Indenture: 
  

	1.	 The Unfunded Property to be released from the lien of the Indenture is described as follows (the “Release
Property”): 

 [DESCRIBE UNFUNDED PROPERTY] 
  

	2.	 The Fair Value, in the judgment of the undersigned, of the Release Property, together with the Fair Value, in
the judgment of the undersigned, of Funded Property, if any, being released concurrently with the Release Property is $        . 

 

	3.	 [THE RELEASE PROPERTY IS SUBJECT TO A SENIOR LIEN SECURING SENIOR LIEN OBLIGATIONS. THE OUTSTANDING PRINCIPAL
AMOUNT OF PURCHASE MONEY LIENS WHICH CONSTITUTE SENIOR LIEN OBLIGATIONS IS $         AS OF THE DATE OF THIS CERTIFICATE. THE OUTSTANDING PRINCIPAL AMOUNT OF ALL OTHER SENIOR LIEN OBLIGATIONS IS
$         AS OF THE DATE OF THIS CERTIFICATE.] 

  

	4.	 The Net Fair Value of the Release Property is $        .

  

	5.	 The Cost of the Release Property is $         and the Net Cost of the
Release Property is $        . 

  

	6.	 The Property Additions Basis of the Release Property is $        .

  

	7.	 The Release Property constitutes Unfunded Property. 

 

	8.	 [THE AGGREGATE ADJUSTED PROPERTY ADDITIONS BASIS OF ALL PROPERTY ADDITIONS WHICH CONSTITUTE UNFUNDED PROPERTY
(EXCLUDING THE RELEASE PROPERTY) IS NOT LESS THAN ZERO (0).] OR [THE AMOUNT BY WHICH ZERO (0) EXCEEDS THE AGGREGATE ADJUSTED 

  
 S4-1 

	 	
PROPERTY ADDITIONS BASIS OF ALL PROPERTY ADDITIONS WHICH CONSTITUTE UNFUNDED PROPERTY (EXCLUDING THE RELEASE PROPERTY) IS EQUAL TO $         (THE “MAKE-UP AMOUNT”) AND IS CALCULATED AS SET FORTH ON ANNEX 1 ATTACHED HERETO AND THE AMOUNT IN CASH TO BE DEPOSITED WITH BY THE COMPANY, HELD BY THE TRUSTEE, AND CONSTITUTE MORTGAGED PROPERTY IS
$        .] 

  

	9.	 In the judgment of the undersigned, the release of the Release Property will not impair the security under the
Indenture in contravention of the provisions thereof. 

 [NAME OF EXPERT] hereby further certifies as follows: 

 

	 	a.	 I have read Section 8.04(c) of the Indenture and the related definitions of defined terms appearing in
said Section 8.04(c). 

  

	 	b.	 The statements or opinions I have expressed herein are based upon my examination/investigation of [LIST OR
DESCRIBE THE NATURE AND SCOPE OF THE EXAMINATION OR INVESTIGATION UPON WHICH THE STATEMENTS OR OPINIONS ARE BASED]. 

  

	 	c.	 In my opinion, I have made such examination or investigation as is necessary to enable me to express an
informed opinion as to whether or not the Company has complied with the requirements of Section 8.04(c) of the Indenture. 

  

	 	d.	 In my opinion, the Company has complied with the requirements of Section 8.04(c) of the Indenture.

 Witness our hands this      day of         ,
2    . 
  

	
	[Signature of Expert]
	
	
                     
                                       

	Name:
	Title:
	
	[Signature of Authorized Officer]
	
	
                     
                    

	Name:
	Title:

  
 S4-2 

 ANNEX 1 

CALCULATION OF MAKE-UP AMOUNT UNDER SECTION 8.04(c) 

 

	1.	 Aggregate Property Additions Basis (lesser of Net Cost or Net Fair Value) of all Property Additions which
constitute Unfunded Property: $         

  

	2.	 Adjustments under Section 1.03(b): $        

  

	3.	 Total Reduction to Property Additions Basis (Item 1 above) per the adjustments under Item 2 above:
$         

  

	4.	 Aggregate Adjusted Property Additions Basis (Item 1 less Item 3):
$         

  

	5.	 Make-up Amount (amount by which zero (0) exceeds Item 4 above):
$         

  
 S4-3 

 SCHEDULE 5 

FORM OF EXPERT’S CERTIFICATE UNDER SECTION 8.05(b)(ii) 

EXPERT’S CERTIFICATE AS TO RELEASE OF PROPERTIES WITHIN ANNUAL LIMITS 

This Expert’s Certificate as to Release of Properties Within Annual Limits Pursuant to Section 8.05 (“Certificate”) is
being executed and delivered by [NAME OF EXPERT], as [POSITION OR TITLE OF EXPERT], and by [NAME OF AUTHORIZED OFFICER], as [TITLE OF AUTHORIZED OFFICER] of Pacific Gas and Electric Company (the “Company”), in connection with certain
property described below to be released pursuant to Section 8.05(b)(ii) of that certain Indenture of Mortgage, dated as of             , 20    , by and between the
Company and The Bank of New York Mellon Trust Company, N.A., as trustee (the “Indenture”). All capitalized terms used herein, unless otherwise defined herein, shall have the respective meanings assigned to such terms in the Indenture. 

The undersigned hereby certify as to each of the following items in accordance with and as required pursuant to Section 8.05(b)(ii) of
the Indenture: 
  

	1.	 The property to be released from the lien of the Indenture is described as follows (the “Release
Property”): 

 [DESCRIBE RELEASE PROPERTY] 
  

	2.	 The Fair Value, in the judgment of the undersigned, of the Release Property is
$        . 

  

	3.	 The aggregate Fair Value of all other property theretofore released pursuant to Section 8.05 in
20     to date is $        . 

  

	4.	 [INCLUDE ONLY IF RELEASE PROPERTY CONSTITUTES FUNDED PROPERTY] [The Release Property is Funded Property.] [A
portion of the Release Property is Funded Property.] 

  

	5.	 [INCLUDE ONLY IF RELEASE PROPERTY CONSTITUTES FUNDED PROPERTY] [The Funded Property Basis of the Release
Property that constitutes Funded Property is $        .] 

  

	6.	 In the judgment of the undersigned, the release of the Release Property will not impair the security under the
Indenture in contravention of the provisions thereof. 

  

	7.	 [INCLUDE ONLY IF RELEASE PROPERTY CONSTITUTES FUNDED PROPERTY] [The statements or opinions we have expressed
herein are based upon examination of and/or investigation into the matters covered by the Expert’s Certificate or Certificates in which the Release Property has been designated as Funded Property for purposes of the Indenture and other records
of the Company relating thereto.] 

  
 S5-1 

	8.	 Each of the undersigned further certifies as follows: 

 

	9.	 (a)    I have read Section 8.05(b)(ii) of the Indenture and the related definitions of
defined terms appearing in said Section 8.05(b)(ii). 

 (b)    The statements or opinions I have
expressed herein are also based upon my examination or investigation of records of the Company, including records relating to the Release Property and all other property released pursuant to Section 8.05 in 20     to date,
and/or my review of information regarding such matters provided to me by responsible personnel within the Company operating at my direction or under my supervision. 

(c)    In my opinion, I have made such examination or investigation as is necessary to enable me to express an informed
opinion as to whether or not the Company has complied with the requirements of Section 8.05(b)(ii) of the Indenture. 
  

	10.	 (d)    In my opinion, the Company has complied with the requirements of
Section 8.05(b)(ii) of the Indenture. 

 Witness our hands this      day
of        , 2      . 
  

			
	[Signature of Expert]
	
	
                     
                                         
                  

	Name:	 	
	Title:	 	
	
	[Signature of Authorized Officer]
	
	
                     
                                         
                      

	Name:	 	
	Title:	 	

  
 S5-2 

 SCHEDULE 6 

FORM OF OFFICER’S CERTIFICATE UNDER SECTION 8.08(B) 

OFFICER’S CERTIFICATE AS TO RELEASE OF PROPERTIES TAKEN BY EMINENT DOMAIN, ETC. 

This Officer’s Certificate Pursuant to Section 8.08(b) (“Certificate”) is being executed and delivered by [NAME OF
AUTHORIZED OFFICER], as [TITLE OF AUTHORIZED OFFICER] of Pacific Gas and Electric Company (the “Company”), in connection with the release of certain Mortgaged Property taken by exercise of the power of eminent domain or sold to an entity
possessing the power of eminent domain under a threat to exercise the same pursuant to Section 8.08(b) of that certain Indenture of Mortgage, dated as of [            ], 2020 (the
“Indenture”), by and between the Company and The Bank of New York Mellon Trust Company, N.A., as trustee (the “Trustee”). All capitalized terms used herein, unless otherwise defined herein, shall have the respective meanings
assigned to such terms in the Indenture. 
 The undersigned hereby certifies, as required pursuant to Section 8.08(b) of the Indenture,
as follows: 
  

	1.	 The Mortgaged Property to be released from the lien of the Indenture is described as follows (the “Release
Property”): 

 [DESCRIBE RELEASE PROPERTY] 
  

	2.	 The amount of net proceeds received or to be received for the Release Property is
$         

  

	3.	 [INCLUDE ONLY IF RELEASE PROPERTY CONSTITUTES FUNDED PROPERTY] [The Release Property is Funded Property.] [A
portion of the Release Property is Funded Property.] [IF RELEASE PROPERTY CONSTITUTES FUNDED PROPERTY, COMPLETE EXPERT’S CERTIFICATE PURSUANT TO SECTION 8.08(c).] 

 

	4.	 [INCLUDE ONLY IF RELEASE PROPERTY CONSTITUTES FUNDED PROPERTY] The Company has deposited cash in the amount of
$         on the date hereof with the Trustee (the “Cash Deposit Amount”).1 2

  

	5.	 [INCLUDE ONLY IF RELEASE PROPERTY CONSTITUTES FUNDED PROPERTY] The Cash Deposit Amount has not previously been
applied by the Company as a credit against any other deposit of cash required to be made by the Company under the Indenture. 

  

 

	1 	 Note: The Cash Deposit Amount shall be reduced by the amount it exceeds the portion of the net proceeds
received or to be received for such Release Property which is allocable on a pro-rata or other reasonable basis to the portion of such Release Property constituting Funded Property. To the extent the
Cash Deposit Amount is reduced pursuant to this instruction, include the amount and reason for such reduction. 

	2 	 Note: The Cash Deposit Amount shall be reduced by the amount of cash or other consideration that has
been delivered to or otherwise deposited with a holder of a Senior Lien securing Senior Lien Obligations in accordance with the provisions of such Senior Lien. To the extent the Cash Deposit Amount is reduced pursuant to this instruction, include
the amount and reason for such reduction. 

  
 S6-1 

 Witness my hand this      day of
        , 2      . 
  

	
	[Signature of Authorized Officer]
	
	          

	Name:
	Title:

  
 S6-2 

 FORM OF EXPERT’S CERTIFICATE UNDER SECTION 8.08(c) 

EXPERT’S CERTIFICATE AS TO RELEASE OF PROPERTIES TAKEN BY EMINENT DOMAIN, ETC. 

This Expert’s Certificate Pursuant to Section 8.08(c) (“Certificate”) is being executed and delivered by [NAME OF EXPERT],
as [POSITION OR TITLE OF EXPERT], and by [NAME OF AUTHORIZED OFFICER], as [TITLE OF AUTHORIZED OFFICER] of Pacific Gas and Electric Company (the “Company”), in connection with certain property described below to be released pursuant to
Section 8.08(c) of that certain Indenture of Mortgage, dated as of [            ], 2020 (the “Indenture”), by and between the Company and The Bank of New York Mellon Trust
Company, N.A., as trustee (the “Trustee”). All capitalized terms used herein, unless otherwise defined herein, shall have the respective meanings assigned to such terms in the Indenture. 

The undersigned hereby certify as to each of the following items in accordance with and as required pursuant to Section 8.08(c) of the
Indenture: 
  

	1.	 The Funded Property to be released from the lien of the Indenture is described as follows (the “Release
Property”): 

 [DESCRIBE FUNDED PROPERTY] 
  

	2.	 The Funded Property Basis of the Release Property is $        .

  

	3.	 [The statements or opinions we have expressed herein are based upon examination of and/or investigation into
the matters covered by the Expert’s Certificate or Certificates in which the Release Property has been designated as Funded Property for purposes of the Indenture and other records of the Company relating thereto.] 

 

	4.	 In the judgment of the undersigned, the release of the Release Property will not impair the security under the
Indenture in contravention of the provisions thereof. 

  

	5.	 [NAME OF EXPERT] hereby further certifies as follows: 

 

	 	a.	 I have read Section 8.08(c) of the Indenture and the related definitions of defined terms appearing in
said Section 8.08(c). 

  

	 	b.	 The statements or opinions I have expressed herein are based upon my examination/investigation of [LIST OR
DESCRIBE THE NATURE AND SCOPE OF THE EXAMINATION OR INVESTIGATION UPON WHICH THE STATEMENTS OR OPINIONS ARE BASED]. 

  

	 	c.	 In my opinion, I have made such examination or investigation as is necessary to enable me to express an
informed opinion as to whether or not the Company has complied with the requirements of Section 8.08(c) of the Indenture. 

  

	 	d.	 In my opinion, the Company has complied with the requirements of Section 8.08(c) of the Indenture.

  
 S6-3 

 Witness our hands this      day of
        , 2      . 
  

	
	[Signature of Expert]
	
	  

	Name:
	Title:
	
	[Signature of Authorized Officer]
	
	  

	Name:
	Title:

  
 S6-4 

 Exhibit A 

Legal Descriptions of Real Property Owned in Fee and Other Interests in Real Property 

  
 Exhibit A 

 Exhibit B-1 

Environmental Remediation Sites 

  
 Exhibit B-1 

 Exhibit B-2 

General Office Property 

  
 Exhibit B-2 

 Exhibit B-3 

Hydro Property 

  
 Exhibit B-3 

 Exhibit B-4 

Mitigation Property 

  
 Exhibit B-4 

 Exhibit B-5 

Surplus Property 

  
 Exhibit B-5 

 Exhibit B-6 

Diablo Canyon Property 

  
 Exhibit B-6

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