Document:

EX-10.6

 Exhibit 10.6 

OFFICE LEASE 
 KILROY
REALTY 
 303 SECOND STREET 

KILROY REALTY 303, LLC, 
 a
Delaware limited liability company 
 as Landlord, 

and 
 DOORDASH, INC., 

a Delaware corporation, 
 as
Tenant. 

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
	 ARTICLE 1 PREMISES, BUILDING, PROJECT, AND COMMON AREAS
	  	 	10	 
		
	 ARTICLE 2 LEASE TERM; OPTION TERM
	  	 	16	 
		
	 ARTICLE 3 BASE RENT
	  	 	22	 
		
	 ARTICLE 4 ADDITIONAL RENT
	  	 	26	 
		
	 ARTICLE 5 USE OF PREMISES
	  	 	36	 
		
	 ARTICLE 6 SERVICES AND UTILITIES
	  	 	41	 
		
	 ARTICLE 7 REPAIRS
	  	 	44	 
		
	 ARTICLE 8 ADDITIONS AND ALTERATIONS
	  	 	46	 
		
	 ARTICLE 9 COVENANT AGAINST LIENS
	  	 	49	 
		
	 ARTICLE 10 INDEMNIFICATION AND INSURANCE
	  	 	49	 
		
	 ARTICLE 11 DAMAGE AND DESTRUCTION
	  	 	53	 
		
	 ARTICLE 12 NONWAIVER
	  	 	56	 
		
	 ARTICLE 13 CONDEMNATION
	  	 	57	 
		
	 ARTICLE 14 ASSIGNMENT AND SUBLETTING
	  	 	57	 
		
	 ARTICLE 15 SURRENDER OF PREMISES; OWNERSHIP AND REMOVAL OF TRADE FIXTURES
	  	 	63	 
		
	 ARTICLE 16 HOLDING OVER
	  	 	64	 
		
	 ARTICLE 17 ESTOPPEL CERTIFICATES
	  	 	65	 
		
	 ARTICLE 18 SUBORDINATION
	  	 	65	 
		
	 ARTICLE 19 DEFAULTS; REMEDIES
	  	 	66	 
		
	 ARTICLE 20 COVENANT OF QUIET ENJOYMENT
	  	 	69	 
		
	 ARTICLE 21 LETTER OF CREDIT
	  	 	69	 
		
	 ARTICLE 22 OPEN CEILING PLAN
	  	 	75	 
		
	 ARTICLE 23 SIGNS
	  	 	76	 

					
	 ARTICLE 24 COMPLIANCE WITH LAW
	  	 	77	 
		
	 ARTICLE 25 LATE CHARGES
	  	 	78	 
		
	 ARTICLE 26 LANDLORD’S RIGHT TO CURE DEFAULT; PAYMENTS BY TENANT
	  	 	79	 
		
	 ARTICLE 27 ENTRY BY LANDLORD
	  	 	79	 
		
	 ARTICLE 28 TENANT PARKING
	  	 	80	 
		
	 ARTICLE 29 MISCELLANEOUS PROVISIONS
	  	 	81	 

  
 -2- 

 INDEX 

 

					
	 	  	Page(s)	 
	 303 Second Street
	  	 	11	 
	 303 Second Street,
	  	 	2	 
	 Abatement Event
	  	 	43	 
	 Accountant
	  	 	36	 
	 Additional Rent
	  	 	26	 
	 Advocate Arbitrators
	  	 	19	 
	 Alterations
	  	 	46	 
	 Applicable Laws
	  	 	78	 
	 Approved Deck Alterations
	  	 	12	 
	 Arbitration Agreement
	  	 	19	 
	 Audit Period
	  	 	36	 
	 Bank
	  	 	69	 
	 Bank Prime Loan
	  	 	78	 
	 Bankruptcy Code
	  	 	70	 
	 Base Building
	  	 	47	 
	 Base Rent
	  	 	22	 
	 Base Year
	  	 	27	 
	 Bicycle Storage Area
	  	 	38	 
	 Bicycles
	  	 	38	 
	 Bracket
	  	 	17	 
	 Bracket License/Sublease
	  	 	17	 
	 Briefs
	  	 	20	 
	 Brokers
	  	 	85	 
	 BS/BS Exception
	  	 	45	 
	 Building
	  	 	10	 
	 Building Common Areas
	  	 	11	 
	 Building Hours
	  	 	41	 
	 Building Structure
	  	 	45	 
	 Building Systems
	  	 	45	 
	 Burn Down Date
	  	 	74	 
	 Casualty
	  	 	53	 
	 CC&Rs
	  	 	37	 
	 Common Areas
	  	 	11	 
	 Comparable Buildings
	  	 	18	 
	 Comparable Transactions
	  	 	18	 
	 Contemplated Effective Date
	  	 	60	 
	 Contemplated Transfer Space
	  	 	60	 
	 Control
	  	 	63	 
	 Cosmetic Alterations
	  	 	46	 
	 Cost Pools
	  	 	33	 
	 Damage Termination Date
	  	 	55	 
	 Damage Termination Notice
	  	 	55	 
	 Deck Furniture
	  	 	12	 
	 Deck Plants
	  	 	12	 

  
 -3- 

					
	 	  	Page(s)	 
	 Delayed Delivery Period
	  	 	15	 
	 Direct Expenses
	  	 	26	 
	 EBITDA
	  	 	75	 
	 Effective Termination Date
	  	 	15	 
	 Energy Disclosure Requirements
	  	 	92	 
	 Environmental Laws
	  	 	88	 
	 Environmental Permits
	  	 	89	 
	 Estimate
	  	 	34	 
	 Estimate Statement
	  	 	34	 
	 Estimated Excess
	  	 	34	 
	 Excess
	  	 	34	 
	 Excess Proceeds
	  	 	56	 
	 Exercise Notice
	  	 	18	 
	 Existing Tenants
	  	 	13	 
	 Expense Year
	  	 	27	 
	 First Offer Commencement Date
	  	 	15	 
	 First Offer Exercise Notice
	  	 	14	 
	 First Offer Notice
	  	 	14	 
	 First Offer Space
	  	 	13	 
	 First Offer Term
	  	 	15	 
	 First Portion Rent
	  	 	14	 
	 First Rebuttals
	  	 	20	 
	 Fixed Period
	  	 	74	 
	 Force Majeure
	  	 	84	 
	 GAAP
	  	 	75	 
	 Governmental Approvals
	  	 	39	 
	 Hazardous Material(s)
	  	 	88	 
	 Holidays
	  	 	41	 
	 HVAC
	  	 	41	 
	 Identification Requirements
	  	 	88	 
	 Initial Notice
	  	 	43	 
	 Intention to Transfer Notice
	  	 	60	 
	 Interest Rate
	  	 	78	 
	 Landlord
	  	 	1	 
	 Landlord Parties
	  	 	49	 
	 Landlord Repair Notice
	  	 	54	 
	 Landlord Response Notice
	  	 	18	 
	 Landlord’s Initial Statement
	  	 	21	 
	 Landlord’s Option Rent Calculation
	  	 	18	 
	 Landlord’s Repair Estimate Notice
	  	 	55	 
	 L-C
	  	 	69	 
	 L-C Amount
	  	 	69	 
	 L-C Burn Down Amount
	  	 	74	 
	 L-C Draw Event
	  	 	70	 
	 L-C Expiration Date
	  	 	70	 
	 L-C FDIC Replacement Notice
	  	 	70	 

  
 -4- 

					
	 	  	Page(s)	 
	 L-C Reduction Conditions
	  	 	75	 
	 Lease
	  	 	1	 
	 Lease Commencement Date
	  	 	16	 
	 Lease Expiration Date
	  	 	16	 
	 Lease Month
	  	 	22	 
	 Lease Term
	  	 	16	 
	 Lease Termination Agreement
	  	 	79	 
	 Lease Year
	  	 	18	 
	 Lines
	  	 	87	 
	 Management Fee Cap
	  	 	30	 
	 Market Rate Schedule
	  	 	18	 
	 Market Rent
	  	 	14	 
	 Net Worth
	  	 	62	 
	 Neutral Arbitrator
	  	 	19	 
	 New Services
	  	 	31	 
	 Non-Delivered Post Phase 1 Space
	  	 	16	 
	 North Tower
	  	 	1	 
	 Notices
	  	 	84	 
	 OFAC
	  	 	93	 
	 Operating Expenses
	  	 	27	 
	 Option Rent
	  	 	18	 
	 Option Rent Outside Agreement Date
	  	 	19	 
	 Option Term
	  	 	17	 
	 Original Improvements
	  	 	51	 
	 Original Tenant
	  	 	13	 
	 Outside Delivery Date
	  	 	15	 
	 Patriot Act
	  	 	93	 
	 Penetrating Work
	  	 	75	 
	 Permitted Capital Expenses
	  	 	28	 
	 Permitted Chemicals
	  	 	89	 
	 Permitted Transferee
	  	 	62	 
	 Permitted Transferee Assignee
	  	 	13	 
	 Permitted Use
	  	 	7	 
	 Phase 1 Commencement Date
	  	 	2	 
	 Phase 1 Premises
	  	 	2	 
	 Phase 1 Termination Outside Date
	  	 	15	 
	 Post-Phase 1 Termination Outside Date
	  	 	16	 
	 Premises
	  	 	10	 
	 Prohibited Persons
	  	 	93	 
	 Project
	  	 	10	 
	 Project Common Areas
	  	 	11	 
	 Proposition 13
	  	 	32	 
	 Provider
	  	 	90	 
	 Publicly Traded Condition
	  	 	74	 
	 Recapture Notice
	  	 	60	 
	 Reduction Date
	  	 	74	 

  
 -5- 

					
	 	  	Page(s)	 
	 Renovations
	  	 	87	 
	 rent
	  	 	54	 
	 Rent
	  	 	26	 
	 ROFO Expiration
	  	 	14	 
	 Rooftop Decks
	  	 	11	 
	 Rules and Regulations
	  	 	37	 
	 Ruling
	  	 	21	 
	 Second Rebuttals
	  	 	20	 
	 Security Deposit Laws
	  	 	73	 
	 Sensor Areas
	  	 	91	 
	 Service Animals
	  	 	40	 
	 Shuttle Service
	  	 	92	 
	 Shuttle Service Riders
	  	 	92	 
	 South Tower
	  	 	1	 
	 Specialty Improvements
	  	 	48	 
	 Stairwell
	  	 	39	 
	 Stairwell Security System
	  	 	39	 
	 Statement
	  	 	34	 
	 Subject Space
	  	 	58	 
	 Suite 200 Base Rent Abatement
	  	 	24	 
	 Suite 200 Base Rent Abatement Period
	  	 	23	 
	 Suite 200 Lease Commencement Date
	  	 	3	 
	 Suite 200 Premises
	  	 	1	 
	 Suite 300 Base Rent Abatement
	  	 	24	 
	 Suite 300 Base Rent Abatement Period
	  	 	24	 
	 Suite 300 Lease Commencement Date
	  	 	3	 
	 Suite 300 Premises
	  	 	1	 
	 Suite 700 Base Rent Abatement
	  	 	23	 
	 Suite 700 Base Rent Abatement Period
	  	 	23	 
	 Suite 700 Deck
	  	 	11	 
	 Suite 700 Lease Commencement Date
	  	 	2	 
	 Suite 700 Premises
	  	 	1	 
	 Suite 700 Server Room
	  	 	17	 
	 Suite 750 Base Rent Abatement
	  	 	25	 
	 Suite 750 Base Rent Abatement Period
	  	 	25	 
	 Suite 750 Lease Commencement Date
	  	 	3	 
	 Suite 750 Premises
	  	 	2	 
	 Suite 800 Base Rent Abatement
	  	 	22	 
	 Suite 800 Base Rent Abatement Period
	  	 	22	 
	 Suite 800 Lease Commencement Date
	  	 	2	 
	 Suite 800 Premises
	  	 	1	 
	 Suite 900 Base Rent Abatement
	  	 	25	 
	 Suite 900 Base Rent Abatement Period
	  	 	25	 
	 Suite 900 Deck
	  	 	11	 
	 Suite 900 Lease Commencement Date
	  	 	3	 
	 Suite 900 Premises
	  	 	2	 

  
 -6- 

					
	 	  	Page(s)	 
	 Summary
	  	 	1	 
	 Superior Holders
	  	 	65	 
	 Superior Right Holders
	  	 	14	 
	 Superior Rights
	  	 	14	 
	 Tax Expenses
	  	 	32	 
	 TCCs
	  	 	10	 
	 Ten Month Period
	  	 	61	 
	 Tenant
	  	 	1	 
	 Tenant Energy Use Disclosure
	  	 	92	 
	 Tenant HVAC System
	  	 	44	 
	 Tenant Parties
	  	 	49	 
	 Tenant’s Dogs
	  	 	40	 
	 Tenant’s Initial Statement
	  	 	21	 
	 Tenant’s Option Rent Calculation
	  	 	18	 
	 Tenant’s Rebuttal Statement
	  	 	21	 
	 Tenant’s Share
	  	 	33	 
	 Termination Notice
	  	 	15	 
	 Third Party Contractor
	  	 	53	 
	 Transfer
	  	 	61	 
	 Transfer Notice
	  	 	58	 
	 Transfer Premium
	  	 	60	 
	 Transfer Reminder Notice
	  	 	58	 
	 Transferee
	  	 	57	 
	 Transfers
	  	 	57	 
	 Violation of Law Ground
	  	 	13	 
	 Water Sensors
	  	 	91	 
	 Work Letter
	  	 	10	 

  
 -7- 

 303 SECOND STREET 

OFFICE LEASE 
 This
Office Lease (the “Lease”), dated as of the date set forth in Section 1 of the Summary of Basic Lease Information (the “Summary”), below, is made by and between KILROY REALTY 303, LLC, a
Delaware limited liability company (“Landlord”), and DOORDASH, INC., a Delaware corporation (“Tenant”). 

SUMMARY OF BASIC LEASE INFORMATION 
  

							
	 	  	 	  	 TERMS OF LEASE
	  	 DESCRIPTION

	1.	  	Date:	  	October 18, 2018.
			
	2.	  	 Premises

(Article 1):
	  	
				
		  	 2.1  
	  	 Building:
	  	That certain two (2)-tower office building (the “Building”) consisting of one ten (10) story tower (the “North Tower”) and one nine (9) story tower (the “South
Tower”), which Building is located at 303 Second Street, San Francisco, California 94107 and contains approximately 774,865 rentable square feet of space.
				
		  	2.2	  	 Premises:
	  	 A stipulated total of 193,296 rentable square feet of space, as further depicted on Exhibit A to this Lease and as
further described below:
  
 42,081 rentable square feet of space on the eighth (8th) floor of the South Tower commonly known as Suite 800 (the “Suite 800 Premises”).
  

31,105 rentable square feet of space (29,607 rentable square feet of office space and 1,498 rentable square feet of deck space) comprising a portion of the
seventh (7th) floor of the South Tower (the “Suite 700 Premises”).
  

17,739 rentable square feet of space on the second (2nd) floor of the South Tower commonly known as Suite
200 (the “Suite 200 Premises”).
  
 49,831 rentable square feet of
space on the third (3rd) floor of the South Tower commonly known as Suite 300 (the “Suite 300 Premises”).

 

							
				
		  		 		  	 12,709 rentable square feet of space on the seventh (7th) floor of the South Tower
commonly known as Suite 750 (the “Suite 750 Premises”).
  

39,831 rentable square feet of space (38,333 rentable square feet of office space and 1,498 rentable square
feet of deck space) comprising a portion of the ninth (9th) floor of the South Tower (the “Suite 900
Premises”).
  
 The Suite 800 Premises, Suite
700 Premises and Suite 200 Premises are collectively the “Phase 1 Premises.”

				
		  	2.3	 	Project:	  	The Building is the principal component of an office project known as “303 Second Street,” as further set forth in Section 1.1.2 of this Lease.
			
	3.	  	 Lease Term

(Article 2):
	  	
				
		  	3.1	 	Length of Term:	  	Approximately twelve (12) years and four (4) months from the “Phase 1 Commencement Date” (defined below). The “Phase 1 Commencement Date” shall be the date of the occurrence of the particular
Lease Commencement Date which results in the Premises comprising 85,000 rentable square feet of space or more. As of the date of this Lease, the parties anticipate that the Phase 1 Lease Commencement Date shall occur on the Suite 700 Lease
Commencement Date.
				
		  	3.2	 	Lease Commencement Dates:	  	
				
		  		 	3.2.1 Suite 800 Lease Commencement Date:	  	The date (the “Suite 800 Lease Commencement Date”) which is the earlier to occur of (i) the date upon which Tenant first commences to conduct business in the Suite 800 Premises, and (ii) seven
(7) months following the date upon which Landlord delivers possession of the Suite 800 Premises to Tenant, which delivery date for the Suite 800 Premises is anticipated to be, but shall not be prior to, January 1, 2019.
				
		  		 	3.2.2 Suite 700 Lease Commencement Date:	  	The date (the “Suite 700 Lease Commencement Date”) which is the earlier to occur of (i) the date upon which Tenant first commences to conduct business in the Suite 700 Premises, and (ii) seven
(7) months following the date upon which Landlord delivers possession of the Suite 700 Premises to Tenant, which delivery date for the Suite 700 Premises is anticipated to be, but shall not be prior to, March 1,
2019.

  
 -2- 

							
		  		 	3.2.3 Suite 200 Lease Commencement Date:	  	The date (the “Suite 200 Lease Commencement Date”) which is the earlier to occur of (i) the date upon which Tenant first commences to conduct business in the
Suite 200 Premises, and (ii) five (5) months following the date upon which Landlord delivers possession of the Suite 200 Premises to Tenant, which delivery date for the Suite 200 Premises is anticipated to be, but shall not be prior to, March 1,
2019.
				
		  		 	3.2.4 Suite 300 Lease Commencement Date:	  	The date (the “Suite 300 Lease Commencement Date”) which is the earlier to occur of (i) the date upon which Tenant first commences to conduct business in the
Suite 300 Premises, and (ii) five (5) months following the date upon which Landlord delivers possession of the Suite 300 Premises to Tenant, which delivery date for the Suite 300 Premises is anticipated to be October 1, 2019.
				
		  		 	3.2.5 Suite 750 Lease Commencement Date:	  	The date (the “Suite 750 Lease Commencement Date”) which is the earlier to occur of (i) the date upon which Tenant first commences to conduct business in the
Suite 750 Premises, and (ii) five (5) months following the date upon which Landlord delivers possession of the Suite 750 Premises to Tenant, which delivery date for the Suite 750 Premises is anticipated to be September 1, 2020.
				
		  		 	3.2.6 Suite 900 Lease Commencement Date:	  	The date (the “Suite 900 Lease Commencement Date”) which is the earlier to occur of (i) the date upon which Tenant first commences to conduct business in the
Suite 900 Premises, and (ii) five (5) months following the date upon which Landlord delivers possession of the Suite 900 Premises to Tenant, which delivery date for the Suite 900 Premises is anticipated to be July 1, 2021.
				
		  	3.3	 	Lease Expiration Date:	  	The last day of the calendar month in which the one hundred forty-eighth (148th) “monthly” anniversary of the Phase 1 Lease Commencement Date occurs; provided, however,
to the extent the Phase 1 Lease Commencement Date occurs on the first day of a calendar month, then the Lease Expiration Date shall be the day immediately preceding the one hundred forty-eighth
(148th) “monthly” anniversary of the Phase 1 Lease Commencement Date.
				
		  	3.4	 	Option Term:	  	One (1) seven (7)-year option to renew, as more particularly set forth in Section 2.2 of this Lease.

  
 -3- 

	4.	 Base Rent 

(Article 3): 
  

	 	4.1	 Suite 800 Premises 

 

													
	 Period During

Lease Term    
	  	Annual
Base Rent*	 	  	Monthly
Installment of Base
Rent*	 	  	Annual Rental
Rate per Rentable
Square Foot*	 
	 Suite 800 Lease Commencement Date –
	  				  				  			
	 Phase 1 Lease Year 1
	  	$	3,576,885.00	 	  	$	298,073.75	 	  	$	85.00	 
	 Phase 1 Lease Year 2
	  	$	3,684,191.55	 	  	$	307,015.96	 	  	$	87.55	 
	 Phase 1 Lease Year 3
	  	$	3,794,717.30	 	  	$	316,226.44	 	  	$	90.18	 
	 Phase 1 Lease Year 4
	  	$	3,908,558.82	 	  	$	325,713.24	 	  	$	92.88	 
	 Phase 1 Lease Year 5
	  	$	4,025,815.58	 	  	$	335,484.63	 	  	$	95.67	 
	 Phase 1 Lease Year 6
	  	$	4,146,590.05	 	  	$	345,549.17	 	  	$	98.54	 
	 Phase 1 Lease Year 7
	  	$	4,270,987.75	 	  	$	355,915.65	 	  	$	101.49	 
	 Phase 1 Lease Year 8
	  	$	4,399,117.38	 	  	$	366,593.12	 	  	$	104.54	 
	 Phase 1 Lease Year 9
	  	$	4,531,090.90	 	  	$	377,590.91	 	  	$	107.68	 
	 Phase 1 Lease Year 10
	  	$	4,667,023.63	 	  	$	388,918.64	 	  	$	110.91	 
	 Phase 1 Lease Year 11
	  	$	4,807,034.34	 	  	$	400,586.20	 	  	$	114.23	 
	 Phase 1 Lease Year 12
	  	$	4,951,245.37	 	  	$	412,603.78	 	  	$	117.66	 
	 Phase 1 Lease Year 13 (through Lease Expiration Date)
	  	$	5,099,782.73	 	  	$	424,981.89	 	  	$	121.19	 

  

	*	 Note: Subject to abatement pursuant to the terms of Section 3.2 below.

  

	 	4.2	 Suite 700 Premises 

 

													
	 Period During

Lease Term    
	  	Annual
Base Rent*	 	  	Monthly
Installment
of Base Rent*	 	  	Annual
Rental Rate
per Rentable
Square Foot*	 
	 Suite 700 Lease Commencement Date –
	  				  				  			
	 Phase 1 Lease Year 1
	  	$	2,643,925.00	 	  	$	220,327.08	 	  	$	85.00	 
	 Phase 1 Lease Year 2
	  	$	2,723,242.75	 	  	$	226,936.90	 	  	$	87.55	 
	 Phase 1 Lease Year 3
	  	$	2,804,940.03	 	  	$	233,745.00	 	  	$	90.18	 
	 Phase 1 Lease Year 4
	  	$	2,889,088.23	 	  	$	240,757.35	 	  	$	92.88	 
	 Phase 1 Lease Year 5
	  	$	2,975,760.88	 	  	$	247,980.07	 	  	$	95.67	 
	 Phase 1 Lease Year 6
	  	$	3,065,033.71	 	  	$	255,419.48	 	  	$	98.54	 
	 Phase 1 Lease Year 7
	  	$	3,156,984.72	 	  	$	263,082.06	 	  	$	101.49	 
	 Phase 1 Lease Year 8
	  	$	3,251,694.26	 	  	$	270,974.52	 	  	$	104.54	 
	 Phase 1 Lease Year 9
	  	$	3,349,245.09	 	  	$	279,103.76	 	  	$	107.68	 
	 Phase 1 Lease Year 10
	  	$	3,449,722.44	 	  	$	287,476.87	 	  	$	110.91	 
	 Phase 1 Lease Year 11
	  	$	3,553,214.11	 	  	$	296,101.18	 	  	$	114.23	 
	 Phase 1 Lease Year 12
	  	$	3,659,810.53	 	  	$	304,984.21	 	  	$	117.66	 
	 Phase 1 Lease Year 13 (through Lease Expiration Date)
	  	$	3,769,604.85	 	  	$	314,133.74	 	  	$	121.19	 

  

	*	 Note: Subject to abatement pursuant to the terms of Section 3.3 below.

  
 -4- 

	 	4.3	 Suite 200 Premises 

 

													
	 Period During

Lease Term    
	  	Annual
Base Rent*	 	  	Monthly
Installment
of Base Rent*	 	  	Annual
Rental Rate
per Rentable
Square Foot*	 
	 Suite 200 Lease Commencement Date –
	  				  				  			
	 Phase 1 Lease Year 1
	  	$	1,507,815.00	 	  	$	125,651.25	 	  	$	85.00	 
	 Phase 1 Lease Year 2
	  	$	1,553,049.45	 	  	$	129,420.79	 	  	$	87.55	 
	 Phase 1 Lease Year 3
	  	$	1,599,640.93	 	  	$	133,303.41	 	  	$	90.18	 
	 Phase 1 Lease Year 4
	  	$	1,647,630.16	 	  	$	137,302.51	 	  	$	92.88	 
	 Phase 1 Lease Year 5
	  	$	1,697,059.06	 	  	$	141,421.59	 	  	$	95.67	 
	 Phase 1 Lease Year 6
	  	$	1,747,970.83	 	  	$	145,664.24	 	  	$	98.54	 
	 Phase 1 Lease Year 7
	  	$	1,800,409.95	 	  	$	150,034.16	 	  	$	101.49	 
	 Phase 1 Lease Year 8
	  	$	1,854,422.25	 	  	$	154,535.19	 	  	$	104.54	 
	 Phase 1 Lease Year 9
	  	$	1,910,054.92	 	  	$	159,171.24	 	  	$	107.68	 
	 Phase 1 Lease Year 10
	  	$	1,967,356.57	 	  	$	163,946.38	 	  	$	110.91	 
	 Phase 1 Lease Year 11
	  	$	2,026,377.27	 	  	$	168,864.77	 	  	$	114.23	 
	 Phase 1 Lease Year 12
	  	$	2,087,168.59	 	  	$	173,930.72	 	  	$	117.66	 
	 Phase 1 Lease Year 13 (through Lease Expiration Date)
	  	$	2,149,783.65	 	  	$	179,148.64	 	  	$	121.19	 

  

	*	 Note: Subject to abatement pursuant to the terms of Section 3.4 below.

  

	 	4.4	 Suite 300 Premises 

 

													
	 Period During

Lease Term    
	  	Annual
Base Rent*	 	  	Monthly
Installment
of Base Rent*	 	  	Annual
Rental Rate
per Rentable
Square Foot*	 
	 Suite 300 Lease Commencement Date –
	  				  				  			
	 Phase 1 Lease Year 1
	  	$	4,235,635.00	 	  	$	352,969.58	 	  	$	85.00	 
	 Phase 1 Lease Year 2
	  	$	4,362,704.05	 	  	$	363,558.67	 	  	$	87.55	 
	 Phase 1 Lease Year 3
	  	$	4,493,585.17	 	  	$	374,465.43	 	  	$	90.18	 
	 Phase 1 Lease Year 4
	  	$	4,628,392.73	 	  	$	385,699.39	 	  	$	92.88	 
	 Phase 1 Lease Year 5
	  	$	4,767,244.51	 	  	$	397,270.38	 	  	$	95.67	 
	 Phase 1 Lease Year 6
	  	$	4,910,261.85	 	  	$	409,188.49	 	  	$	98.54	 
	 Phase 1 Lease Year 7
	  	$	5,057,569.71	 	  	$	421,464.14	 	  	$	101.49	 
	 Phase 1 Lease Year 8
	  	$	5,209,296.80	 	  	$	434,108.07	 	  	$	104.54	 
	 Phase 1 Lease Year 9
	  	$	5,365,575.70	 	  	$	447,131.31	 	  	$	107.68	 
	 Phase 1 Lease Year 10
	  	$	5,526,542.97	 	  	$	460,545.25	 	  	$	110.91	 
	 Phase 1 Lease Year 11
	  	$	5,692,339.26	 	  	$	474,361.61	 	  	$	114.23	 
	 Phase 1 Lease Year 12
	  	$	5,863,109.44	 	  	$	488,592.45	 	  	$	117.66	 
	 Phase 1 Lease Year 13 (through Lease Expiration Date)
	  	$	6,039,002.72	 	  	$	503,250.23	 	  	$	121.19	 

  

	*	 Note: Subject to abatement pursuant to the terms of Section 3.5 below.

  
 -5- 

	 	4.5	 Suite 750 Premises 

 

													
	 Period During

Lease Term    
	  	Annual
Base Rent*	 	  	Monthly
Installment
of Base Rent*	 	  	Period During
Lease Term*	 
	 Suite 750 Lease Commencement Date –
	  				  				  			
	 Phase 1 Lease Year 2
	  	$	1,112,672.95	 	  	$	92,722.75	 	  	$	87.55	 
	 Phase 1 Lease Year 3
	  	$	1,146,053.14	 	  	$	95,504.43	 	  	$	90.18	 
	 Phase 1 Lease Year 4
	  	$	1,180,434.73	 	  	$	98,369.56	 	  	$	92.88	 
	 Phase 1 Lease Year 5
	  	$	1,215,847.77	 	  	$	101,320.65	 	  	$	95.67	 
	 Phase 1 Lease Year 6
	  	$	1,252,323.20	 	  	$	104,360.27	 	  	$	98.54	 
	 Phase 1 Lease Year 7
	  	$	1,289,892.90	 	  	$	107,491.08	 	  	$	101.49	 
	 Phase 1 Lease Year 8
	  	$	1,328,589.69	 	  	$	110,715.81	 	  	$	104.54	 
	 Phase 1 Lease Year 9
	  	$	1,368,447.38	 	  	$	114,037.28	 	  	$	107.68	 
	 Phase 1 Lease Year 10
	  	$	1,409,500.80	 	  	$	117,458.40	 	  	$	110.91	 
	 Phase 1 Lease Year 11
	  	$	1,451,785.82	 	  	$	120,982.15	 	  	$	114.23	 
	 Phase 1 Lease Year 12
	  	$	1,495,339.39	 	  	$	124,611.62	 	  	$	117.66	 
	 Phase 1 Lease Year 13 (through Lease Expiration Date)
	  	$	1,540,199.57	 	  	$	128,349.96	 	  	$	121.19	 

  

	*	 Note: Subject to abatement pursuant to the terms of Section 3.6 below. 

 

	 	4.6	 Suite 900 Premises 

  

													
	 Period During

Lease Term    
	  	Annual
Base Rent*	 	  	Monthly
Installment
of Base Rent*	 	  	Period During
Lease Term*	 
	 Suite 900 Lease Commencement Date –
	  				  				  			
	 Phase 1 Lease Year 3
	  	$	3,591,820.17	 	  	$	299,318.35	 	  	$	90.18	 
	 Phase 1 Lease Year 4
	  	$	3,699,574.78	 	  	$	308,297.90	 	  	$	92.88	 
	 Phase 1 Lease Year 5
	  	$	3,810,562.02	 	  	$	317,546.84	 	  	$	95.67	 
	 Phase 1 Lease Year 6
	  	$	3,924,878.88	 	  	$	327,073.24	 	  	$	98.54	 
	 Phase 1 Lease Year 7
	  	$	4,042,625.25	 	  	$	336,885.44	 	  	$	101.49	 
	 Phase 1 Lease Year 8
	  	$	4,163,904.01	 	  	$	346,992.00	 	  	$	104.54	 
	 Phase 1 Lease Year 9
	  	$	4,288,821.13	 	  	$	357,401.76	 	  	$	107.68	 
	 Phase 1 Lease Year 10
	  	$	4,417,485.76	 	  	$	368,123.81	 	  	$	110.91	 
	 Phase 1 Lease Year 11
	  	$	4,550,010.33	 	  	$	379,167.53	 	  	$	114.23	 
	 Phase 1 Lease Year 12
	  	$	4,686,510.64	 	  	$	390,542.55	 	  	$	117.66	 
	 Phase 1 Lease Year 13 (through Lease Expiration Date)
	  	$	4,827,105.96	 	  	$	402,258.83	 	  	$	121.19	 

  

	*	 Note: Subject to abatement pursuant to the terms of Section 3.7 below. 

 

							
	5.	 	 Base Year
 (Article 4):
	 		  	 Suite 800 Premises, Suite 200 Premises and Suite 700 Premises: Calendar year 2019;

 
 Suite 300 Premises: The calendar year in which the Suite 300 Lease Commencement Date
occurs (provided that if the Suite 300 Lease Commencement Date occurs during the

  
 -6- 

							
		 		  		  	 calendar months of October through December, then the Base Year for the Suite 300 Premises shall be the calendar year immediately following
the year in which the Suite 300 Lease Commencement Date occurs);
  
 Suite 750 Premises:
The calendar year in which the Suite 750 Lease Commencement Date occurs (provided that if the Suite 750 Lease Commencement Date occurs during the calendar months of October through December, then the Base Year for the Suite 750 Premises shall be the
calendar year immediately following the year in which the Suite 750 Lease Commencement Date occurs);
  

Suite 900 Premises: The calendar year in which the Suite 900 Lease Commencement Date occurs (provided that if the Suite 900 Lease Commencement Date occurs
during the calendar months of October through December, then the Base Year for the Suite 900 Premises shall be the calendar year immediately following the year in which the Suite 900 Lease Commencement Date occurs);

 
 provided, however, with respect to the entire Premises (i) electricity is separately sub-metered and directly paid by Tenant to Landlord, and (ii) janitorial service shall be paid by Tenant directly to the applicable janitorial provider, or, at Landlord’s option, to Landlord.

				
	6.	 	 Tenant’s Share
 (Article
4):
	  		  	 Suite 800 Premises: Approximately 5.6388%.
  

Suite 700 Premises: Approximately 4.1680%.
  

Suite 200 Premises: Approximately 2.3770%.
  

Suite 300 Premises: Approximately 6.6773%.
  

Suite 750 Premises: Approximately 1.7030%.
  

Suite 900 Premises: Approximately 5.3373%.

				
	7.	 	 Permitted Use
 (Article 5):
	  		  	Tenant shall use the Premises solely for general office use and uses incidental thereto (the “Permitted Use”); provided, however, that notwithstanding anything to the contrary set forth hereinabove, and as more
particularly set forth in the Lease, Tenant shall be responsible for operating and maintaining the Premises pursuant to, and in no event may Tenant’s Permitted Use violate, (A) Landlord’s “Rules and Regulations,” as that term is
set forth in Section 5.2 of this Lease, (B) all “Applicable Laws,” as that term is set

  
 -7- 

							
		 		 		  	forth in Article 24 of this Lease, (C) all applicable zoning, building codes and the “CC&Rs,” as that term is set forth in
Section 5.3 of this Lease, and (D) first-class office standards in the market in which the Project is located.
				
	8.	 	 Letter of Credit

(Article 21):
	 		  	$17,953,332.00, subject to reduction pursuant to the express terms of Section 21.9 below.
				
	9.	 	 Parking Pass Ratio

(Article 28):
	 		  	One (1) unreserved parking pass for every 2,000 rentable square feet of the Premises.
				
	10.	 	 Address of Tenant

(Section 29.18):
	 		  	 DoorDash, Inc.
 901 Market Street, Suite 600

San Francisco, CA 94103
 Attention: CFO

 
 With a copy to:

 
 DoorDash, Inc.

901 Market Street, Suite 600
 San Francisco, CA 94103

Attention: General Counsel
 (Prior to Lease Commencement
Date)

				
		 	and	 		  	 DoorDash, Inc.
 303 Second Street, Suite 900

San Francisco, CA 94107
 Attention: CFO

 
 With a copy to:

 
 DoorDash, Inc.

303 Second Street, Suite 900
 San Francisco, CA 94107

Attention: General Counsel
 (After Lease Commencement
Date)

				
	11.	 	 Address of Landlord

(Section 29.18):
	 		  	 Kilroy Realty 303, LLC,
 c/o Kilroy
Realty Corporation
 12200 West Olympic Boulevard, Suite 200

Los Angeles, California 90064
 Attention: Legal
Department

  
 -8- 

							
		 		 		  	 with copies to:
  

Kilroy Realty Corporation
 303 Second Street

Building Management Office, North Tower
 San Francisco,
California 94107
  
 and

 
 Kilroy Realty Corporation

100 First Street
 Office of the
Building, Suite 250
 San Francisco, California 94105
  

and
  

Allen Matkins Leck Gamble Mallory & Natsis LLP

1901 Avenue of the Stars, Suite 1800

Los Angeles, California 90067
  

and, for sustainability-related notices only:
  

Kilroy Realty Corporation
 12200 West Olympic Boulevard,
Suite 200
 Los Angeles, California 90064

				
		 	 Brokers
 (Section 29.24):
	 		  	
				
		 	 Representing Tenant:
 Cushman &
Wakefield
	 		  	 Representing Landlord:
 Jones Lang
LaSalle

				
		 	 Improvement Allowance
 (Section 2 of
Exhibit B):
	 		  	A total of $13,044,630.00, as further described in Section 2.1 of the Work Letter.

  
 -9- 

 ARTICLE 1 

PREMISES, BUILDING, PROJECT, AND COMMON AREAS 

1.1    Premises, Building, Project and Common Areas. 

1.1.1    The Premises. Landlord hereby leases to Tenant and Tenant hereby leases from Landlord the premises
set forth in Section 2.2 of the Summary (the “Premises”). The outline of the Premises is set forth in Exhibit A attached hereto and each portion of the
Premises has the number of rentable square feet as set forth in Section 2.2 of the Summary. The parties hereto agree that the lease of the Premises is upon and subject to the terms, covenants and conditions (the
“TCCs”) herein set forth, and Tenant covenants as a material part of the consideration for this Lease to keep and perform each and all of such TCCs by it to be kept and performed and that this Lease is made upon the condition of
such performance. The parties hereto hereby acknowledge that the purpose of Exhibit A is to show the approximate location of the Premises in the “Building,” as that term is defined in
Section 1.1.2, below, only, and such Exhibit is not meant to constitute an agreement, representation or warranty as to the construction of the Premises, the precise area thereof or the specific location of the
“Common Areas,” as that term is defined in Section 1.1.3, below, or the elements thereof or of the accessways to the Premises or the “Project,” as that term is defined in
Section 1.1.2, below. Except as specifically set forth in this Lease and in the Work Letter attached hereto as Exhibit B (the “ Work Letter”), Tenant shall
accept the Premises in its existing “as-is” condition and Landlord shall not be obligated to provide or pay for any improvement work or services related to the improvement of the Premises. Tenant
also acknowledges that neither Landlord nor any agent of Landlord has made any representation or warranty regarding the condition of the Premises, the Building or the Project or with respect to the suitability of any of the foregoing for the conduct
of Tenant’s business, except as specifically set forth in this Lease and the Work Letter. Subject to Landlord’s ongoing maintenance and repair obligations expressly set forth in this Lease, the commencement of business operations from the
Premises by Tenant shall otherwise conclusively establish that the Premises and the Building were at such time in satisfactory order, condition and repair. In connection with the anticipated delivery dates set forth in
Section 3.2 of the Summary, in the event Landlord anticipates that Landlord shall be able to deliver any portion of the Premises prior to the anticipated dates, Landlord shall provide at least ninety (90) days prior
written notice thereof to Tenant, provided that in no event shall the delivery dates for the Suite 800 Premises, the Suite 700 Premises, or the Suite 200 Premises occur prior to the respective anticipated delivery dates set forth in
Sections 3.2.1, 3.2.2 and 3.3.3 of the Summary. 
 1.1.2    The Building
and the Project. The Premises is a part of the building set forth in Section 2.1 of the Summary (the “Building”). The Building is the principal component of an office project known as “303
Second Street.” The term “Project,” as used in this Lease, shall mean (i) the Building and the Common Areas, (ii) the land (which is improved with landscaping, parking structures and/or facilities and other
improvements) upon which the Building, said adjacent parking structure, and the Common Areas are located, (iii) at Landlord’s discretion, any additional real property, areas, land, buildings or other improvements added thereto. 

  
 -10- 

 1.1.3    Common Areas. Tenant shall have the non-exclusive right to use in common with other tenants in the Project, and subject to the rules and regulations referred to in Article 5 of this Lease, those portions of the Project which
are provided, from time to time, for use in common by Landlord, Tenant and any other tenants of the Project (such areas, together with such other portions of the Project designated by Landlord, in its discretion, including certain areas designated
for the exclusive use of certain tenants, or to be shared by Landlord and certain tenants, are collectively referred to herein as the “Common Areas”). The Common Areas shall consist of the “Project Common Areas” and the
“Building Common Areas” (as both of those terms are defined below). The term “Project Common Areas,” as used in this Lease, shall mean the portion of the Project designated as such by Landlord. The term “Building
Common Areas,” as used in this Lease, shall mean the portions of the Common Areas located within the Building designated as such by Landlord. The manner in which the Common Areas are maintained and operated shall be at the sole discretion
of Landlord and the use thereof shall be subject to such rules, regulations and restrictions as Landlord may make from time to time, provided that such rules, regulations and restrictions do not unreasonably interfere with the rights granted to
Tenant under this Lease and the Permitted Use. Landlord reserves the right to close temporarily, make alterations or additions to, or change the location of elements of the Project and the Common Areas; provided that no such changes shall be
permitted which materially reduce Tenant’s rights or access hereunder. Except when and where Tenant’s right of access is specifically excluded in this Lease, Tenant shall have the right of access to the Premises, the Building, and the
Project parking facility twenty-four (24) hours per day, seven (7) days per week during the “Lease Term,” as that term is defined in Section 2.1, below. 

1.1.4    Rooftop Deck. Subject to the terms and conditions contained in this
Section 1.1.4 and elsewhere in this Lease, commencing as of the Lease Commencement Date, Tenant shall have an exclusive license during the Lease Term to use that certain rooftop deck adjacent to and accessible from the
Suite 700 Premises (the “Suite 700 Deck”) and that certain rooftop deck adjacent to and accessible from the Suite 900 Premises (the “Suite 900 Deck”) as more particularly shown on
Exhibit A attached hereto (collectively, the “Rooftop Decks”). The Rooftop Decks shall be included in the rentable square feet of the Premises for purposes of this Lease. The license to
use the Rooftop Decks granted to Tenant hereby is personal to the “Original Tenant,” as that term is defined in Section 1.3, and any “Permitted Transferee,” as that term is defined in
Section 14.8 of this Lease, except as provided below. In the event that Tenant desires to “Transfer” (as that term is defined in Section 14.1 below) its license to use the Rooftop Deck to
any party other than the “Original Tenant” (as that term is defined in Section 1.3, below), then such Transfer shall be subject to Landlord’s prior written consent in accordance with the terms of
Article 14 below, except that a Transfer of the license to use the Rooftop Deck to a Permitted Transferee shall not require Landlord’s consent; provided, however, that Landlord’s consent to a Transfer of the
license to use the Rooftop Deck shall be deemed given in connection with a Transfer approved by Landlord (or deemed approved by Landlord) in accordance with the TCCs of Article 14. Tenant shall accept the Rooftop Decks in
their “as-is” condition (subject to improvements to be performed on the Roof Decks by Tenant pursuant to the Work Letter and the corresponding application of a portion of the “Suite 700
Allowance” and a portion of the “Suite 900 Allowance” as those terms are defined in Section 2.1 of the Tenant Work Letter), and Landlord shall not be obligated to provide or pay for any work or services
related to the improvement of the Rooftop Decks. In the event the usable square footage, as permitted by Applicable 

  
 -11- 

 
Law, of the Rooftop Decks increase due to any improvements made to such Rooftop Decks by Tenant, then the size of the Premises shall be increased, Tenant shall be required to pay Base Rent on
such increased square footage, and Landlord and Tenant shall enter into an amendment to this Lease documenting such increases. Tenant also acknowledges that neither Landlord nor any agent of Landlord has made any representation or warranty regarding
the condition of the Rooftop Decks or the compliance of the Rooftop Decks with any applicable laws, statutes, ordinances or other governmental rules, regulations or requirements now in force or which may hereafter be enacted or promulgated. Tenant
shall provide routine janitorial services to the Rooftop Decks as needed to maintain the same in good, clean condition. Tenant shall have no right to alter, change or make improvements to the Rooftop Decks (except pursuant to the terms of the Tenant
Work Letter), other than cosmetic, non-structural alterations which shall be subject to Landlord’s prior written approval, in Landlord’s reasonable discretion (and in the event that Landlord approves
such alterations (the “Approved Deck Alterations”) then the TCCs of Section 1.2 and Sections 8.2 through 8.5 below shall apply). Landlord, in its sole discretion, may
require that automatic closures be installed, at Tenant’s sole cost and expense, and be used on any operable doors to the Rooftop Decks, and Tenant hereby agrees that Landlord shall be permitted to store certain equipment (such as window
washing equipment) on the portions of the Roof Decks which are not usable by Tenant. Tenant shall keep the doors to the Rooftop Decks closed and shall not prop open the same. If the opening of the doors to the Rooftop Decks affects the balancing of
the heating, air conditioning and ventilation system serving the Premises or serving any other portion of the Building, then any repairs which may be necessary as a result thereof shall be performed at Tenant’s sole cost and expense. Landlord
shall maintain the Rooftop Decks as part of the “Building Structure,” as that term is defined in Section 7.1, below, in accordance with the TCCs of Section 7.1, below, and shall have the
right to make any and all necessary repairs, replacements and improvements to the Rooftop Decks. Tenant shall not place on or affix to the Rooftop Decks any furniture, fixtures, plants or other items of any kind or nature whatsoever. Notwithstanding
the foregoing, but subject to the TCCs of this Section 1.1.4 and the load requirements of the Rooftop Decks, Tenant shall have the right to place and maintain shrubbery and bushes (collectively, the “Deck
Plants”) and furniture (including, without limitation, chairs, tables, and/or trash receptacles) (collectively, “Deck Furniture”) on the Rooftop Decks; provided that the same are appropriately secured in such a manner that
does not penetrate the membrane of the Rooftop Decks or compromise its performance; and further provided that, all Deck Plants and Deck Furniture, and the method by which the same are secured, shall be subject to Landlord’s prior written
approval, which approval shall not be unreasonably withheld. Notwithstanding Landlord’s review and approval of the Deck Plants, the Deck Furniture or the method by which the same are secured, Tenant shall remain solely liable for any liability
arising out of the placement of the Deck Plants and/or the Deck Furniture on the Rooftop Decks, and Landlord shall have no liability in connection therewith. Tenant shall remove any Deck Plants and Deck Furniture from the Rooftop Decks upon the
expiration or earlier termination of this Lease, or upon the termination of Tenant’s rights under this Section 1.1.4, and shall return the affected portion of the Rooftop Decks to the condition the Rooftop Decks would
have been in had no such Deck Plants or Deck Furniture been installed, reasonable wear and tear excepted. Tenant shall not be permitted to display any graphics, signs or insignias or the like on the Rooftop Decks. Landlord shall have the right to
make any improvements to the Rooftop Decks or display any graphics, plants or other items from the Rooftop Decks which it desires in its sole discretion in connection with overall Building or Project graphics or improvements. No smoking shall be
permitted 

  
 -12- 

 
on the Rooftop Decks and Tenant shall be permitted to have beer and wine on the Rooftop Decks subject to the same complying with Applicable Laws and Tenant maintaining Host Liquor Liability
coverage within Tenant’s Commercial General Liability Insurance coverage. Tenant’s use of the Rooftop Decks shall be subject to such additional rules, regulations and restrictions as Landlord may make from time to time concerning the
Rooftop Decks. Except as expressly set forth in this Section 1.1.4, all of the TCCs, limitations and restrictions contained in this Lease pertaining to the Premises and Tenant’s use thereof shall apply equally to the
Rooftop Decks and Tenant’s use thereof, including, without limitation, Tenant’s indemnity of Landlord set forth in Section 10.1, below, Tenant’s insurance obligations set forth in
Article 10, below, and Tenant’s obligations to comply with law set forth in Article 24, below. The license to use the Rooftop Decks granted to Tenant hereby shall be revocable by Landlord, in
Landlord’s reasonable discretion, for cause upon written notice to Tenant, and Landlord thereafter shall have the right to enter the Premises to lock the Rooftop Decks or otherwise prevent Tenant’s access thereto. As used in this
Section 1.1.4, “cause” shall mean any of the following: (i) the license granted hereby or Tenant’s use of the Rooftop Deck constitutes a violation of or otherwise conflicts with any “Applicable
Laws,” as that term is defined in Article 24 below, now in force or which may hereafter be enacted or promulgated (the “Violation of Law Ground”); (ii) Tenant abandons all or a substantial portion
of the Premises; or (iii) this Lease is terminated for any reason. If Tenant’s right to use the Rooftop Deck shall be revoked by Landlord as a result of a Violation of Law Ground, and provided that the precipitating violation or conflict
with Applicable Laws does not arise from Tenant’s failure to timely perform its obligations under this Lease, then the Base Rent, Tenant’s Share of Direct Expenses, the then unapplied “Base Rent Abatement,” as that term is
defined in Section 3.2 below, if any, the “L-C Amount,” as that term is defined in Section 21.1 of this Lease, and the total number of
Tenant’s parking passes shall be reduced pro rata on a per rentable square foot basis to reflect that the rentable square footage of the Rooftop Deck that was previously included in the rentable square footage of the Premises is no longer part
of the Premises, and such reductions shall be documented in an amendment to this Lease. Notwithstanding the foregoing, if Landlord’s revocation of Tenant’s right to use the Rooftop Deck is only temporary then the foregoing reductions shall
only be applicable during the period that Tenant is not entitled to use the Rooftop Deck. In the event of a casualty, the provisions of Article 11 below shall apply with respect to the Rooftop Deck, and not the provisions
of this Section 1.1.4. 
 1.2    Stipulation of Rentable Square Feet of Premises and
Building. For purposes of this Lease, “rentable square feet” of the Premises shall be deemed as set forth in Section 2.2 of the Summary and the rentable square feet of the Building shall be deemed as set
forth in Section 2.1 of the Summary. 
 1.3    Right of First Offer. Landlord
hereby grants to the named Tenant in this Lease (the “Original Tenant”) and its “Permitted Transferee Assignee,” as that term is set forth in Section 14.8 of this Lease, a one-time right of first offer with respect to the entirety of the sixth (6th) floor South Tower of the Building (the “First Offer Space”), which
consists of 44,961 rentable square feet of space (which includes 700 rentable square feet of deck space) and which First Offer Space is depicted on Exhibit A-1
attached to this Lease. Notwithstanding the foregoing, such first offer right of Tenant shall commence only following the expiration or earlier termination of the existing leases of the First Offer Space (the “Existing Tenants”).
Such right of first offer shall be subordinate to all rights of 

  
 -13- 

 
other tenants of the Project, which rights relate to the First Offer Space and are set forth in leases of space in the Project existing as of the date hereof, including, without limitation, any
expansion, first offer, first refusal, first negotiation and other rights, regardless of whether such rights are executed strictly in accordance with their respective terms or pursuant to a lease amendment or a new lease (the “Superior
Rights”). All such Existing Tenants of the First Offer Space, and all such third party tenants in the Project holding Superior Rights, are collectively referred to as the “Superior Right Holders”. Tenant’s right of
first offer shall be on the terms and conditions set forth in this Section 1.3. 

1.3.1    Procedure for Offer. Subject to the terms of this Section 1.3, Landlord
shall notify Tenant (the “First Offer Notice”) from time to time when the First Offer Space or any portion thereof will become available for lease to third parties, subject to the rights of any Superior Right Holder. Pursuant to
such First Offer Notice, Landlord shall offer to lease to Tenant the then available First Offer Space. The First Offer Notice shall describe the space so offered to Tenant and the “First Offer Rent,” as that term is defined in
Section 1.3.3 below, and other fundamental material economic terms upon which Landlord is willing to lease such space to Tenant. In no event shall Landlord have the obligation to deliver a First Offer Notice (and Tenant
shall have no right to exercise its right under this Section 1.3) to the extent that the “First Offer Commencement Date,” as that term is defined in Section 1.3.4 below, is anticipated by
Landlord to occur on or after the date which is three (3) years prior to the Lease Expiration Date (the “ROFO Expiration”). 

1.3.2    Procedure for Acceptance. If Tenant wishes to exercise Tenant’s right of first offer with
respect to the space described in the First Offer Notice, then within ten (10) business days of delivery of the First Offer Notice to Tenant, Tenant shall deliver notice to Landlord (the “First Offer Exercise Notice”) of
Tenant’s election to exercise its right of first offer with respect to the entire space described in the First Offer Notice on the terms contained in such notice. If Tenant does not so notify Landlord within such ten (10) business day
period, then Landlord shall be free to lease the space described in the First Offer Notice to anyone to whom Landlord desires on any terms Landlord desires. Notwithstanding anything to the contrary contained herein, Tenant must elect to exercise its
right of first offer, if at all, with respect to all of the First Offer Space offered by Landlord to Tenant at any particular time, and Tenant may not elect to lease only a portion thereof. 

1.3.3    First Offer Space Rent. The Rent payable by Tenant for the First Offer Space (the “First
Offer Rent”) shall be equal to the “Market Rent,” as that term is defined in, and determined pursuant to, Exhibit H attached hereto, for the First Offer Space. 

1.3.4    Construction In First Offer Space. Tenant shall take the First Offer Space in its “as is”
condition, and the construction of improvements in the First Offer Space shall comply with the terms of Article 8 of this Lease. Any improvement allowance to which Tenant may be entitled shall be as set forth in the First
Offer Notice. 
 1.3.5    Amendment to Lease. If Tenant timely exercises Tenant’s right to lease the
First Offer Space as set forth herein, then Landlord and Tenant shall within thirty (30) days thereafter execute an amendment to this Lease for such First Offer Space upon the terms and conditions as set forth in the First Offer Notice and this
Section 1.3. The rentable square footage of any First Offer Space shall be deemed as set forth in Section 1.3.1 above. Tenant shall commence payment of rent

  
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for the First Offer Space, and the term of Tenant’s lease of the First Offer Space (the “First Offer Term”) shall commence (subject to the terms of the First Offer Notice),
upon the date of delivery of the First Offer Space to Tenant (the “First Offer Commencement Date”) and shall terminate coterminously with the end of the Lease Term (including any applicable Option Term). 

1.3.6    Termination of Right of First Offer. Tenant’s rights under this
Section 1.3 shall be personal to the Original Tenant and may only be exercised by the Original Tenant (and not any assignee, sublessee or other transferee of the Original Tenant’s interest in this Lease) if the
Original Tenant occupies not less than seventy-five percent (75%) of the then-existing Premises. The right of first offer granted herein shall terminate as to particular First Offer Space upon Tenant’s failure to timely exercise its right of
first offer with respect to such particular First Offer Space. Tenant shall not have the right to lease First Offer Space, as provided in this Section 1.3, if, as of the date of the attempted exercise of any right of first
offer by Tenant, or, at Landlord’s option, as of the scheduled date of delivery of such First Offer Space to Tenant, Tenant is in default under this Lease (beyond the expiration of any applicable notice and cure period set forth in this Lease).
As used herein Original Tenant includes any Permitted Transferee Assignee. 
 1.4    Outside Delivery
Date. Notwithstanding anything contained herein to the contrary, if any portion of the Premises is not delivered to Tenant on or before the date that is one hundred twenty (120) days following the anticipated delivery date for such
portion of the Premises set forth in Section 3.2 of the Summary (each such date, an “Outside Delivery Date”), then Tenant shall be entitled to receive a day-for-day abatement of Base Rent (in addition to any other Base Rent abatement provided herein) otherwise due for the portion of the Premises not delivered for the number of days that occur in the
“Delayed Delivery Period,” as that term is defined below. For purposes of this Lease, the “Delayed Delivery Period” shall mean the period commencing on the day that occurs immediately following the Outside Delivery Date
and continuing until the date upon which the applicable portion of the Premises is delivered to Tenant. Notwithstanding anything contained herein to the contrary, if any portion of the Phase 1 Premises is not delivered to Tenant on or before the
date that is two hundred seventy (270) days following the anticipated delivery date for such portion of the Phase 1 Premises set forth in Sections 3.2.1, 3.2.2 and 3.2.3 of the Summary (each such date, a
“Phase 1 Termination Outside Date”), then Tenant shall have the right to deliver a written notice to Landlord (a “Termination Notice”) electing to terminate this Lease in its entirety effective upon the date
occurring five (5) business days following receipt by Landlord of the Termination Notice (the “Effective Termination Date”). If Tenant timely delivers such a Termination Notice to Landlord, then Landlord shall have the right to
suspend the occurrence of the Effective Termination Date for a period ending thirty (30) days after the applicable Phase 1 Termination Outside Date by delivering written notice to Tenant prior to the Effective Termination Date stating that, in
Landlord’s reasonable, good faith judgment, the applicable portion of the Phase 1 Premises will be delivered to Tenant within thirty (30) days after the applicable Phase 1 Termination Outside Date. If the applicable portion of the Phase 1
Premises is delivered to Tenant within such thirty (30) day suspension period, then the Termination Notice shall be of no force or effect, but if the applicable portion of the Phase 1 Premises is not delivered to Tenant within such thirty
(30) day suspension period, then this Lease shall terminate in its entirety and be of no further force or effect upon the expiration of such thirty (30) day suspension period and Landlord shall promptly refund to Tenant any prepaid Rent
paid by Tenant to Landlord 

  
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and return the L-C to Tenant. Notwithstanding the foregoing, if any portion of the Premises other than the Phase 1 Premises is not delivered to Tenant on
or before the date that is two hundred seventy (270) days following the anticipated delivery date for such portion of the Premises set forth in Sections 3.2.4, 3.2.5 and 3.2.6 of the Summary (each such
date, a “Post-Phase 1 Termination Outside Date”), then Tenant shall have the right to deliver a Termination Notice electing to terminate Tenant’s lease of only such non-delivered portion
of the Premises (the “Non-Delivered Post Phase 1 Space”) effective on the Effective Termination Date. If Tenant timely delivers such a Termination Notice to Landlord, then Landlord shall have
the right to suspend the occurrence of the Effective Termination Date for the applicable Non-Delivered Post Phase 1 Space for a period ending thirty (30) days after the applicable Post-Phase 1 Termination
Outside Date by delivering written notice to Tenant prior to the Effective Termination Date, that, in Landlord’s reasonable, good faith judgment, the applicable Non-Delivered Post Phase 1 Space will be
delivered to Tenant within thirty (30) days after the applicable Post-Phase 1 Termination Outside Date. If the applicable Non-Delivered Post Phase 1 Space is delivered to Tenant within such thirty
(30) day suspension period, then the Termination Notice shall be of no force or effect, but if the applicable Non-Delivered Post Phase 1 Space is not delivered to Tenant within such thirty (30) day
suspension period, then Tenant’s lease of the applicable Non-Delivered Post Phase 1 Space shall terminate and be of no further force or effect upon the expiration of such thirty (30) day suspension
period. In the event that Tenant’s lease of any Non-Delivered Post Phase 1 Space is terminated pursuant to the foregoing provisions then Base Rent, Tenant’s Share of Direct Expenses, the Base Rent
Abatement, the L-C Amount, and the total number of Tenant’s parking passes shall be reduced pro rata on a per rentable square foot basis to reflect that the rentable square footage of the applicable Non-Delivered Post Phase 1 Space that was previously included in the rentable square footage of the Premises is no longer part of the Premises, and such reductions shall be documented in an amendment to this Lease.

 ARTICLE 2 

LEASE TERM; OPTION TERM 

2.1    Initial Lease Term. The TCCs and provisions of this Lease shall be effective as of the date of this
Lease. The term of this Lease (the “Lease Term”) shall be as set forth in Section 3.1 of the Summary, shall commence on the Suite 800 Lease Commencement Date with respect to the Suite 800 Premises, shall
commence on the Suite 700 Lease Commencement Date with respect to the Suite 700 Premises, shall commence on the Suite 200 Lease Commencement Date with respect to the Suite 200 Premises, shall commence on the Suite 300 Lease Commencement Date with
respect to the Suite 300 Premises, shall commence on the Suite 750 Lease Commencement Date with respect to the Suite 750 Premises, and shall commence on the Suite 900 Lease Commencement Date with respect to the Suite 900 Premises (the Suite 800
Lease Commencement Date, the Suite 700 Lease Commencement Date, the Suite 200 Lease Commencement Date, the Suite 300 Lease Commencement Date, the Suite 750 Lease Commencement Date and the Suite 900 Lease Commencement Date may each be referred to
herein as the “Lease Commencement Date”), and shall terminate on the date set forth in Section 3.3 of the Summary (the “Lease Expiration Date”) unless this Lease is sooner terminated as
hereinafter provided. Tenant hereby acknowledges that the Premises are currently occupied by other tenants of the Building. One such tenant, Bracket Global LLC, a Delaware limited 

  
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liability company (“Bracket”), is currently occupying a portion of the Suite 700 Premises. Tenant acknowledges and agrees that Bracket will be in occupancy of their existing
server and transfer switch room within the Suite 700 Premises (the “Suite 700 Server Room”) upon Landlord’s delivery of the Suite 700 Premises to Tenant, and Tenant shall accept delivery of the Suite 700 Server Room from
Landlord notwithstanding such occupancy by Bracket. Concurrently with the parties’ execution and delivery of this Lease Tenant shall enter into a license or sublease agreement (the “Bracket License/Sublease”) with Bracket to
allow for Bracket to continue occupying the Suite 700 Server Room for the period commencing March 1, 2019 through May 31, 2019, and to provide Bracket with access for ingress and egress purposes between the Suite 700 Server Room and the
entrance to the Suite 700 Premises during such period. If Landlord is unable for any reason to deliver possession of the Premises to Tenant on any specific date, then Landlord shall not be subject to any liability for its failure to do so, and such
failure shall not affect the validity of this Lease or the obligations of Tenant hereunder, except as expressly provided in Section 1.4 above. For purposes of this Lease, the term “Phase 1 Lease Year” shall
mean each consecutive twelve (12) calendar month period during the Lease Term; provided, however, that the first Phase 1 Lease Year shall commence on the Phase 1 Lease Commencement Date and end on the last day of the month in which the first
anniversary of the Phase 1 Lease Commencement Date occurs (or if the Phase 1 Lease Commencement Date is the first day of a calendar month, then the first Phase 1 Lease Year shall commence on the Phase 1 Lease Commencement Date and end on the day
immediately preceding the first anniversary of the Phase 1 Lease Commencement Date), and the second and each succeeding Phase 1 Lease Year shall commence on the first day of the next calendar month; and further provided that the last Phase 1 Lease
Year shall end on the Lease Expiration Date. For purposes of this Lease, the term “Phase 1 Lease Month” shall mean each succeeding calendar month during the Lease Term; provided that the first Phase 1 Lease Month shall commence on
the Phase 1 Lease Commencement Date and shall end on the last day of the first (1st) full calendar month of the Lease Term and that the last Phase 1 Lease Month shall expire on the Lease
Expiration Date. At any time during the Lease Term, Landlord may deliver to Tenant a notice in the form as set forth in Exhibit C, attached hereto, as a confirmation only of the information set forth
therein, which Tenant shall execute and return to Landlord within ten (10) business days of receipt thereof. 

2.2    Option Term. 

2.2.1    Option Right. Landlord hereby grants the Original Tenant and its Permitted Transferee Assignee, one
(1) option to extend the Lease Term for the entire Premises by a period of seven (7) years (the “Option Term”). Such option shall be exercisable only by “Notice” (as that term is defined in Section 29.18 of
this Lease) delivered by Tenant to Landlord as provided below, provided that, as of the date of delivery of such Notice, (i) Tenant is not then in default under this Lease, and (ii) Tenant has not been in monetary default under this Lease
(beyond the applicable notice and cure periods) during the prior two (2) years of the Lease Term. Upon the proper exercise of such option to extend, and provided that, at Landlord’s election, as of the end of the Lease Term,
(A) Tenant is not in default under this Lease, and (B) Tenant has not been in monetary default under this Lease (beyond the applicable notice and cure periods) during the prior two (2) years of the Lease Term, then the Lease Term, as
it applies to the entire Premises, shall be extended for a period of seven (7) years. The rights contained in this Section 2.2 shall only be exercised by the Original Tenant or its Permitted Transferee

  
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Assignee (and not any other assignee, sublessee or other transferee of the Original Tenant’s interest in this Lease) if Original Tenant and/or its Permitted Transferee Assignee is in
occupancy of at least seventy-five percent (75%) of the then-existing Premises. 
 2.2.2    Option Rent.
The Rent payable by Tenant during the Option Term (the “Option Rent”), and/or the First Offer Rent during the First Offer Term, as applicable, shall be equal to the “Market Rent,” as that term is defined in, and determined
pursuant to, Exhibit H attached hereto; provided, however, that the Market Rent for each Lease Year during the Option Term, or First Offer Term, as applicable, shall be equal to the amount set forth on
a “Market Rate Schedule,” as that term is defined below. The “Market Rate Schedule” shall be derived from the Market Rent for the Option Term as determined pursuant to
Exhibit H, attached hereto, as follows: (i) the Market Rent for the first Lease Year of the Option Term shall be equal to the sum of (a) the Market Rent, as determined pursuant to
Exhibit H, (b) the amount of Direct Expenses applicable to the Premises, as reasonably determined by Landlord, for the calendar year in which the Option Term, or First Offer Term, as applicable
commences, and (c) an amount equal to the monthly amortization reimbursement payment for the “Renewal Allowance” (as defined in Section 3 of Exhibit H to this
Lease) to be paid by Landlord in connection with Tenant’s lease of the Premises for the Option Term, or First Offer Term, as applicable, with such Renewal Allowance being amortized at a reasonable rate of return to Landlord based on the rates
of return then being received by the landlords of the “Comparable Buildings” as that term is set forth in Section 4 of Exhibit H attached hereto, in connection with
improvement allowances then be granted by such landlords, and (ii) the Market Rent for each subsequent Lease Year shall be escalated by a percentage (to be determined as part of the Market Rent determination hereunder) of the prior Lease
Year’s Market Rent. The calculation of the Market Rent shall be derived from a review of, and comparison to, the “Net Equivalent Lease Rates” of the “Comparable Transactions,” as provided for in
Exhibit H. 
 2.2.3    Exercise of Option. The option
contained in this Section 2.2 shall be exercised by Tenant, if at all, only in the manner set forth in this Section 2.2. Tenant shall deliver notice (the “Exercise Notice”) to
Landlord not more than eighteen (18) months nor less than fifteen (15) months prior to the expiration of the initial Lease Term, stating that Tenant is exercising its option. Concurrently with such Exercise Notice, Tenant shall deliver to
Landlord Tenant’s calculation of the Market Rent (the “Tenant’s Option Rent Calculation”). Landlord shall deliver notice (the “Landlord Response Notice”) to Tenant on or before the date which is thirty
(30) days after Landlord’s receipt of the Exercise Notice and Tenant’s Option Rent Calculation, stating that (A) Landlord is accepting Tenant’s Option Rent Calculation as the Market Rent, or (B) rejecting Tenant’s
Option Rent Calculation and setting forth Landlord’s calculation of the Market Rent (the “Landlord’s Option Rent Calculation”). Within ten (10) business days of its receipt of the Landlord Response Notice, Tenant may,
at its option, accept the Market Rent contained in the Landlord’s Option Rent Calculation. If Tenant does not affirmatively accept or Tenant rejects the Market Rent specified in the Landlord’s Option Rent Calculation, the parties shall
follow the procedure set forth in Section 2.2.4 below, and the Market Rent shall be determined in accordance with the terms of Section 2.2.4 below. 

  
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 2.2.4    Determination of Market Rent. In the event Tenant
timely and appropriately exercises its option to extend the Lease but rejects the Option Rent set forth in the Landlord’s Option Rent Calculation pursuant to Section 2.2.3, above, then Landlord and Tenant shall attempt
to agree upon the Option Rent using their best good-faith efforts. If Landlord and Tenant fail to reach agreement upon the Option Rent applicable to the Option Term on or before the date that is ninety (90) days prior to the expiration of the
initial Lease Term (the “Option Rent Outside Agreement Date”), then each party shall, within ten (10) business days following the Option Rent Outside Agreement Date, deliver to the other an updated Tenant’s Option Rent
Calculation and Landlord’s Option Rent Calculation, respectively, and the parties shall meet and attempt to agree upon the Option Rent using their best good-faith efforts based upon such updated calculations. Thereafter, if Landlord and Tenant
fail to reach agreement upon the Option Rent applicable to the Option Term on or before the date which is ten (10) business days following the Option Rent Outside Date, the Option Rent shall be determined by arbitration pursuant to the terms of
this Section 2.2.4, below. Each party shall make a separate determination of the Option Rent, within five (5) business days following the Outside Agreement Date, and such determinations shall be submitted to
arbitration in accordance with Section 2.2.4.1 through Section 2.2.4.4, below. 

2.2.4.1    Landlord and Tenant shall each appoint one arbitrator who shall by profession be an MAI appraiser, or real
estate broker who shall have been active over the five (5) year period ending on the date of such appointment in the appraising and/or leasing of first class office properties in the vicinity of the Building. The determination of the
arbitrators shall be limited solely to the issue area of whether Landlord’s or Tenant’s last submitted Option Rent (i.e., prior to the Outside Agreement Date) is the closest to the actual Option Rent as determined by the arbitrators,
taking into account the requirements of Section 2.2.2 of this Lease. Each such arbitrator shall be appointed within fifteen (15) days after the Outside Agreement Date. Landlord and Tenant may consult with their
selected arbitrators prior to appointment and may select an arbitrator who is favorable to their respective positions (including an arbitrator who has previously represented Landlord and/or Tenant, as applicable). The arbitrators so selected by
Landlord and Tenant shall be deemed “Advocate Arbitrators.” 
 2.2.4.2    The two Advocate Arbitrators
so appointed shall be specifically required pursuant to an engagement letter within ten (10) days of the date of the appointment of the last appointed Advocate Arbitrator to agree upon and appoint a third arbitrator (“Neutral
Arbitrator”) who shall be qualified under the same criteria set forth hereinabove for qualification of the two Advocate Arbitrators except that (i) neither the Landlord or Tenant or either parties’ Advocate Arbitrator may,
directly, or indirectly, consult with the Neutral Arbitrator prior or subsequent to his or her appearance, and (ii) the Neutral Arbitrator cannot be someone who has represented Landlord and/or Tenant during the five (5) year period prior
to such appointment. The Neutral Arbitrator shall be retained via an engagement letter jointly prepared by Landlord’s counsel and Tenant’s counsel. 

2.2.4.3    Within ten (10) days following the appointment of the Arbitrator, Landlord and Tenant shall enter into an
arbitration agreement (the “Arbitration Agreement”) which shall set forth the following: 

2.2.4.3.1    Each of Landlord’s and Tenant’s best and final and binding determination of the Option Rent
exchanged by the parties pursuant to Section 2.2.4, above; 

  
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 2.2.4.3.2    An agreement to be signed by the Neutral Arbitrator, the
form of which agreement shall be attached as an exhibit to the Arbitration Agreement, whereby the Neutral Arbitrator shall agree to undertake the arbitration and render a decision in accordance with the terms of this Lease, as modified by the
Arbitration Agreement, and shall require the Neutral Arbitrator to demonstrate to the reasonable satisfaction of the parties that the Neutral Arbitrator has no conflicts of interest with either Landlord or Tenant; 

2.2.4.3.3    Instructions to be followed by the Neutral Arbitrator when conducting such arbitration; 

2.2.4.3.4    That Landlord and Tenant shall each have the right to submit to the Neutral Arbitrator (with a copy to the
other party), on or before the date that occurs fifteen (15) days following the appointment of the Neutral Arbitrator, an advocate statement (and any other information such party deems relevant) prepared by or on behalf of Landlord or Tenant,
as the case may be, in support of Landlord’s or Tenant’s respective determination of Option Rent (the “Briefs”); 

2.2.4.3.5    That within five (5) business days following the exchange of Briefs, Landlord and Tenant shall each
have the right to provide the Neutral Arbitrator (with a copy to the other party) with a written rebuttal to the other party’s Brief (the “First Rebuttals”); provided, however, such First Rebuttals shall be limited to the facts
and arguments raised in the other party’s Brief and shall identify clearly which argument or fact of the other party’s Brief is intended to be rebutted; 

2.2.4.3.6    That within five (5) business days following the parties’ receipt of each other’s First
Rebuttal, Landlord and Tenant, as applicable, shall each have the right to provide the Neutral Arbitrator (with a copy to the other party) with a written rebuttal to the other party’s First Rebuttal (the “Second Rebuttals”);
provided, however, such Second Rebuttals shall be limited to the facts and arguments raised in the other party’s First Rebuttal and shall identify clearly which argument or fact of the other party’s First Rebuttal is intended to be
rebutted; 
 2.2.4.3.7    The date, time and location of the arbitration, which shall be mutually and reasonably agreed
upon by Landlord and Tenant, taking into consideration the schedules of the Neutral Arbitrator, the Advocate Arbitrators, Landlord and Tenant, and each party’s applicable consultants, which date shall in any event be within forty-five
(45) days following the appointment of the Neutral Arbitrator; 
 2.2.4.3.8    That no discovery shall take place
in connection with the arbitration, other than to verify the factual information that is presented by Landlord or Tenant; 

2.2.4.3.9    That the Neutral Arbitrator shall not be allowed to undertake an independent investigation or consider any
factual information other than presented by Landlord or Tenant, except that the Neutral Arbitrator shall be permitted to visit the Project and the buildings containing the Comparable Transactions; 

  
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 2.2.4.3.10    The specific persons that shall be allowed to attend the
arbitration; 
 2.2.4.3.11    Tenant shall have the right to present oral arguments to the Neutral Arbitrator at the
arbitration for a period of time not to exceed three (3) hours (“Tenant’s Initial Statement”); 

2.2.4.3.12    Following Tenant’s Initial Statement, Landlord shall have the right to present oral arguments to the
Neutral Arbitrator at the arbitration for a period of time not to exceed three (3) hours (“Landlord’s Initial Statement”); 

2.2.4.3.13    Following Landlord’s Initial Statement, Tenant shall have up to two (2) additional hours to
present additional arguments and/or to rebut the arguments of Landlord (“Tenant’s Rebuttal Statement”); 

2.2.4.3.14    Following Tenant’s Rebuttal Statement, Landlord shall have up to two (2) additional hours to
present additional arguments and/or to rebut the arguments of Tenant; 
 2.2.4.3.15    That, not later than ten
(10) days after the date of the arbitration, the Neutral Arbitrator shall render a decision (the “Ruling”) indicating whether Landlord’s or Tenant’s submitted Option Rent is closer to the Option Rent; 

2.2.4.3.16    That following notification of the Ruling, Landlord’s or Tenant’s submitted Option Rent
determination, whichever is selected by the Neutral Arbitrator as being closer to the Option Rent shall become the then applicable Option Rent; and 

2.2.4.3.17    That the decision of the Neutral Arbitrator shall be binding on Landlord and Tenant. 

2.2.4.3.18    If a date by which an event described in Section 2.2.4.3, above, is to occur
falls on a weekend or a holiday, the date shall be deemed to be the next business day. 
 2.2.4.4    In the event that
the Option Rent shall not have been determined pursuant to the terms hereof prior to the commencement of the Option Term, Tenant shall be required to pay the Option Rent, initially provided by Landlord to Tenant, and upon the final determination of
the Option Rent, the payments made by Tenant shall be reconciled with the actual amounts due, and the appropriate party shall make any corresponding payment to the other party. 

  
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 ARTICLE 3 

BASE RENT 

3.1    In General. Tenant shall pay, without prior notice or demand, to Landlord or Landlord’s agent at
the management office of the Project, or, at Landlord’s option, at such other place as Landlord may from time to time designate in writing, by a check or electronic wire transfer for currency which, at the time of payment, is legal tender for
private or public debts in the United States of America, base rent (“Base Rent”) as set forth in Section 4 of the Summary, payable in equal monthly installments as set forth in
Section 4 of the Summary in advance on or before the first day of each and every calendar month during the Lease Term, without any setoff or deduction whatsoever. In accordance with Section 4 of
the Summary, any increases in Base Rent shall occur on the first day of the applicable Lease Month. The parties acknowledge, however, that Tenant shall pay Base Rent for each “calendar month” of the Lease Term (or a prorated portion of a
“calendar month”, as applicable), even though the first “Lease Month” may pertain to a period longer than one (1) calendar month. The Base Rent for the first full month of the Lease Term which occurs after the expiration of
any free rent period shall be paid at the time of Tenant’s execution of this Lease. If any payment of Rent is for a period which is shorter than one month, the Rent for any such fractional month shall accrue on a daily basis during such
fractional month and shall total an amount equal to the product of (i) a fraction, the numerator of which is the number of days in such fractional month and the denominator of which is the actual number of days occurring in such calendar month,
and (ii) the then-applicable Monthly Installment of Base Rent. All other payments or adjustments required to be made under the TCCs of this Lease that require proration on a time basis shall be prorated on the same basis. 

3.2    Suite 800 Base Rent Abatement. Provided that no event of default beyond any applicable notice and
cure period is occurring during the four (4) month period commencing on the first (1st) day of the first (1st) full calendar month following the Suite 800 Lease Commencement Date and ending on the last day of the fourth (4th) full calendar month following the Suite 800 Lease Commencement Date (the “Suite 800 Base Rent Abatement Period”), Tenant shall not be obligated to pay any Base Rent otherwise
attributable to the Suite 800 Premises during such Suite 800 Base Rent Abatement Period (the “Suite 800 Base Rent Abatement”). Landlord and Tenant acknowledge that the aggregate amount of the Suite 800 Base Rent Abatement equals
$1,192,295.00 (i.e., $298,073.75 per month). Tenant acknowledges and agrees that during such Suite 800 Base Rent Abatement Period, such abatement of Base Rent for the Suite 800 Premises shall have no effect on the calculation of any future increases
in Base Rent or Direct Expenses payable by Tenant pursuant to the terms of this Lease, which increases shall be calculated without regard to such Suite 800 Base Rent Abatement. Additionally, Tenant shall be obligated to pay all “Additional
Rent” (as that term is defined in Section 4.1 of this Lease) during the Suite 800 Base Rent Abatement Period. Tenant acknowledges and agrees that the foregoing Suite 800 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 economic or mutual
non-economic default under this Lease and shall fail to cure such default within the notice and cure period, if any, permitted for cure pursuant to this Lease, or if this Lease, is terminated for any reason
other than Landlord’s breach of this Lease, casualty or condemnation, then the dollar amount of the 

  
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unapplied portion of the Suite 800 Base Rent Abatement as of the date of such default or termination, as the case may be, shall be converted to a credit to be applied to the Base Rent applicable
at the end of the Lease Term and Tenant shall immediately be obligated to begin paying Base Rent for the Suite 800 Premises in full. The foregoing Suite 800 Base Rent Abatement right set forth in this Section 3.2 shall be
personal to the Original Tenant or its Permitted Transferee Assignee and shall only apply to the extent that the Original Tenant or its Permitted Transferee Assignee (and not any other assignee, or any sublessee or other transferee of the Original
Tenant’s interest in this Lease) is the Tenant under this Lease during such Suite 800 Base Rent Abatement Period. 

3.3    Suite 700 Base Rent Abatement. Provided that no event of default beyond any applicable notice and
cure period is occurring during the four (4) month period commencing on the first (1st) day of the first (1st) full calendar month following the Suite 700 Lease Commencement Date and ending on the last day of the fourth (4th) full calendar month following the Suite 700 Lease Commencement Date (the “Suite 700 Base Rent Abatement Period”), Tenant shall not be obligated to pay any Base Rent otherwise
attributable to the Suite 700 Premises during such Suite 700 Base Rent Abatement Period (the “Suite 700 Base Rent Abatement”). Landlord and Tenant acknowledge that the aggregate amount of the Suite 700 Base Rent Abatement equals
$881,308.32 (i.e., $220,327.08 per month). Tenant acknowledges and agrees that during such Suite 700 Base Rent Abatement Period, such abatement of Base Rent for the Suite 700 Premises shall have no effect on the calculation of any future increases
in Base Rent or Direct Expenses payable by Tenant pursuant to the terms of this Lease, which increases shall be calculated without regard to such Suite 700 Base Rent Abatement. Additionally, Tenant shall be obligated to pay all Additional Rent
during the Suite 700 Base Rent Abatement Period. Tenant acknowledges and agrees that the foregoing Suite 700 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 economic or mutual non-economic default under this Lease and shall fail to cure such default within the
notice and cure period, if any, permitted for cure pursuant to this Lease, or if this Lease, is terminated for any reason other than Landlord’s breach of this Lease, casualty or condemnation, then the dollar amount of the unapplied portion of
the Suite 700 Base Rent Abatement as of the date of such default or termination, as the case may be, shall be converted to a credit to be applied to the Base Rent applicable at the end of the Lease Term and Tenant shall immediately be obligated to
begin paying Base Rent for the Suite 700 Premises in full. The foregoing Suite 700 Base Rent Abatement right set forth in this Section 3.3 shall be personal to the Original Tenant or its Permitted Transferee Assignee and
shall only apply to the extent that the Original Tenant or its Permitted Transferee Assignee (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 such
Suite 700 Base Rent Abatement Period. 
 3.4    Suite 200 Base Rent Abatement. Provided that no event of
default beyond any applicable notice and cure period is occurring during the four (4) month period commencing on the first (1st) day of the first (1st) full calendar month following the Suite 200 Lease Commencement Date and ending on the last
day of the fourth (4th) full calendar month following the Suite 200 Lease Commencement Date (the “Suite 200 Base Rent Abatement Period”), Tenant shall not be obligated to pay any
Base Rent otherwise attributable to the Suite 200 Premises during such Suite 200 Base Rent 

  
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Abatement Period (the “Suite 200 Base Rent Abatement”). Landlord and Tenant acknowledge that the aggregate amount of the Suite 200 Base Rent Abatement equals $502,605.00 (i.e.,
$125,651.25 per month). Tenant acknowledges and agrees that during such Suite 200 Base Rent Abatement Period, such abatement of Base Rent for the Suite 200 Premises shall have no effect on the calculation of any future increases in Base Rent or
Direct Expenses payable by Tenant pursuant to the terms of this Lease, which increases shall be calculated without regard to such Suite 200 Base Rent Abatement. Additionally, Tenant shall be obligated to pay all Additional Rent during the Suite 200
Base Rent Abatement Period. Tenant acknowledges and agrees that the foregoing Suite 200 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 economic or mutual non-economic default under this Lease and shall fail to cure such default within the notice and cure period,
if any, permitted for cure pursuant to this Lease, or if this Lease, is terminated for any reason other than Landlord’s breach of this Lease, casualty or condemnation, then the dollar amount of the unapplied portion of the Suite 200 Base Rent
Abatement as of the date of such default or termination, as the case may be, shall be converted to a credit to be applied to the Base Rent applicable at the end of the Lease Term and Tenant shall immediately be obligated to begin paying Base Rent
for the Suite 200 Premises in full. The foregoing Suite 200 Base Rent Abatement right set forth in this Section 3.4 shall be personal to the Original Tenant or its Permitted Transferee Assignee and shall only apply to the
extent that the Original Tenant or its Permitted Transferee Assignee (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 such Suite 200 Base Rent
Abatement Period. 
 3.5    Suite 300 Base Rent Abatement. Provided that no event of default beyond any
applicable notice and cure period is occurring during the four (4) month period commencing on the first (1st) day of the first (1st) full calendar month following the Suite 300 Lease Commencement Date and ending on the last day of the fourth (4th) full calendar month following the Suite 300 Lease Commencement Date (the “Suite 300 Base Rent Abatement Period”), Tenant shall not be obligated to pay any Base Rent otherwise
attributable to the Suite 300 Premises during such Suite 300 Base Rent Abatement Period (the “Suite 300 Base Rent Abatement”). Landlord and Tenant acknowledge that the aggregate amount of the Suite 300 Base Rent Abatement equals
$1,411,878.32 (i.e., $352,969.58 per month). Tenant acknowledges and agrees that during such Suite 300 Base Rent Abatement Period, such abatement of Base Rent for the Suite 300 Premises shall have no effect on the calculation of any future increases
in Base Rent or Direct Expenses payable by Tenant pursuant to the terms of this Lease, which increases shall be calculated without regard to such Suite 300 Base Rent Abatement. Additionally, Tenant shall be obligated to pay all Additional Rent
during the Suite 300 Base Rent Abatement Period. Tenant acknowledges and agrees that the foregoing Suite 300 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 economic or mutual non-economic default under this Lease and shall fail to cure such default within the
notice and cure period, if any, permitted for cure pursuant to this Lease, or if this Lease, is terminated for any reason other than Landlord’s breach of this Lease, casualty or condemnation, then the dollar amount of the unapplied portion of
the Suite 300 Base Rent Abatement as of the date of such default or termination, as the case may be, shall be converted to a credit to be 

  
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applied to the Base Rent applicable at the end of the Lease Term and Tenant shall immediately be obligated to begin paying Base Rent for the Suite 300 Premises in full. The foregoing Suite 300
Base Rent Abatement right set forth in this Section 3.5 shall be personal to the Original Tenant or its Permitted Transferee Assignee and shall only apply to the extent that the Original Tenant or its Permitted Transferee
Assignee (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 such Suite 300 Base Rent Abatement Period. 

3.6    Suite 750 Base Rent Abatement. Provided that no event of default beyond any applicable notice and
cure period is occurring during the four (4) month period commencing on the first (1st) day of the first (1st) full calendar month following the Suite 750 Lease Commencement Date and ending on the last day of the fourth (4th) full calendar month following the Suite 750 Lease Commencement Date (the “Suite 750 Base Rent Abatement Period”), Tenant shall not be obligated to pay any Base Rent otherwise
attributable to the Suite 750 Premises during such Suite 750 Base Rent Abatement Period (the “Suite 750 Base Rent Abatement”). Landlord and Tenant acknowledge that the aggregate amount of the Suite 750 Base Rent Abatement equals
$370,891.00 (i.e., $92,722.75 per month). Tenant acknowledges and agrees that during such Suite 750 Base Rent Abatement Period, such abatement of Base Rent for the Suite 750 Premises shall have no effect on the calculation of any future increases in
Base Rent or Direct Expenses payable by Tenant pursuant to the terms of this Lease, which increases shall be calculated without regard to such Suite 750 Base Rent Abatement. Additionally, Tenant shall be obligated to pay all Additional Rent during
the Suite 750 Base Rent Abatement Period. Tenant acknowledges and agrees that the foregoing Suite 750 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 economic or mutual non-economic default under this Lease and shall fail to cure such default within the notice and
cure period, if any, permitted for cure pursuant to this Lease, or if this Lease, is terminated for any reason other than Landlord’s breach of this Lease, casualty or condemnation, then the dollar amount of the unapplied portion of the Suite
750 Base Rent Abatement as of the date of such default or termination, as the case may be, shall be converted to a credit to be applied to the Base Rent applicable at the end of the Lease Term and Tenant shall immediately be obligated to begin
paying Base Rent for the Suite 750 Premises in full. The foregoing Suite 750 Base Rent Abatement right set forth in this Section 3.6 shall be personal to the Original Tenant or its Permitted Transferee Assignee and shall
only apply to the extent that the Original Tenant or its Permitted Transferee Assignee (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 such Suite
750 Base Rent Abatement Period. 
 3.7    Suite 900 Base Rent Abatement. Provided that no event of default
beyond any applicable notice and cure period is occurring during the four (4) month period commencing on the first (1st) day of the first (1st) full calendar month following the Suite 900 Lease Commencement Date and ending on the last day of
the fourth (4th) full calendar month following the Suite 900 Lease Commencement Date (the “Suite 900 Base Rent Abatement Period”), Tenant shall not be obligated to pay any Base
Rent otherwise attributable to the Suite 900 Premises during such Suite 900 Base Rent Abatement Period (the “Suite 900 Base Rent Abatement”). Landlord and Tenant acknowledge that 

  
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the aggregate amount of the Suite 900 Base Rent Abatement equals $1,197,273.40 (i.e., $299,318.35 per month). Tenant acknowledges and agrees that during such Suite 900 Base Rent Abatement Period,
such abatement of Base Rent for the Suite 900 Premises shall have no effect on the calculation of any future increases in Base Rent or Direct Expenses payable by Tenant pursuant to the terms of this Lease, which increases shall be calculated without
regard to such Suite 900 Base Rent Abatement. Additionally, Tenant shall be obligated to pay all Additional Rent during the Suite 900 Base Rent Abatement Period. Tenant acknowledges and agrees that the foregoing Suite 900 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 economic or mutual non-economic default under this Lease and shall fail to cure such default within the notice and cure period, if any, permitted for cure pursuant to this Lease, or if this Lease, is terminated for any reason other
than Landlord’s breach of this Lease, casualty or condemnation, then the dollar amount of the unapplied portion of the Suite 900 Base Rent Abatement as of the date of such default or termination, as the case may be, shall be converted to a
credit to be applied to the Base Rent applicable at the end of the Lease Term and Tenant shall immediately be obligated to begin paying Base Rent for the Suite 900 Premises in full. The foregoing Suite 900 Base Rent Abatement right set forth in this
Section 3.7 shall be personal to the Original Tenant or its Permitted Transferee Assignee and shall only apply to the extent that the Original Tenant or its Permitted Transferee Assignee (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 such Suite 900 Base Rent Abatement Period. 

ARTICLE 4 

ADDITIONAL RENT 

4.1    In General. In addition to paying the Base Rent specified in Article 3 of
this Lease, Tenant shall pay “Tenant’s Share” of the annual “Direct Expenses,” as those terms are defined in Sections 4.2.6 and 4.2.2, respectively, of this Lease, which are in excess of the
amount of Direct Expenses applicable to the “Base Year,” as that term is defined in Section 4.2.1, below; provided, however, that in no event shall any decrease in Direct Expenses for any “Expense Year”
(as that term is defined in Section 4.2.3, below) below Direct Expenses for the Base Year entitle Tenant to any decrease in Base Rent or any credit against sums due under this Lease. Such payments by Tenant, together with
any and all other amounts payable by Tenant to Landlord pursuant to the TCCs of this Lease, are hereinafter collectively referred to as the “Additional Rent,” and the Base Rent and the Additional Rent are herein collectively
referred to as “Rent.” All amounts due under this Article 4 as Additional Rent shall be payable for the same periods and in the same manner as the Base Rent; provided, however, the parties hereby
acknowledge that the first monthly installment of Tenant’s Share of any “Estimated Excess,” as that term is set forth in, and pursuant to the terms and conditions of, Section 4.4.2 of this Lease, shall first
be due and payable for the calendar month occurring immediately following the expiration of the Base Year. Without limitation on other obligations of Tenant which survive the expiration of the Lease Term, the obligations of Tenant to pay the
Additional Rent provided for in this Article 4 shall survive the expiration of the Lease Term. 

  
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 4.2    Definitions of Key Terms Relating to Additional
Rent. As used in this Article 4, the following terms shall have the meanings hereinafter set forth: 

4.2.1    “Base Year” shall mean the period set forth in Section 5 of the
Summary. 
 4.2.2    “Direct Expenses” shall mean “Operating Expenses” and “Tax
Expenses.” 
 4.2.3    “Expense Year” shall mean each calendar year in which any portion of the
Lease Term falls, through and including the calendar year in which the Lease Term expires, provided that Landlord, upon notice to Tenant, may change the Expense Year from time to time to any other twelve (12) consecutive month period, and, in
the event of any such change, Tenant’s Share of Direct Expenses shall be equitably adjusted for any Expense Year involved in any such change. 

4.2.4    “Operating Expenses” shall mean all expenses, costs and amounts of every kind and nature which
Landlord pays or accrues during any Expense Year because of or in connection with the ownership, management, maintenance, security, repair, replacement, renovation restoration or operation of the Project, or any portion thereof, in accordance with
sound real estate management and accounting practices, consistently applied. Without limiting the generality of the foregoing, Operating Expenses shall specifically include any and all of the following: (i) the cost of supplying all utilities
(but excluding the cost of electricity consumed in the Premises and the premises of other tenants of the Building and any other buildings in the Project (as opposed to the Common Areas) since Tenant is separately paying for the cost of electricity
services to the Premises pursuant to Section 6.1.2 of the Lease), the cost of operating, repairing, replacing, maintaining, renovating and restoring the utility, telephone, mechanical, sanitary, storm drainage, and elevator
systems, and the cost of maintenance and service contracts in connection therewith; (ii) the cost of licenses, certificates, permits and inspections and the cost of contesting any governmental enactments which may affect Operating Expenses, and
the costs incurred in connection with a governmentally mandated transportation system management program or similar program; (iii) the cost of all insurance carried by Landlord in connection with the Project; (iv) the cost of landscaping,
relamping, and all supplies, tools, equipment and materials used in the operation, repair and maintenance of the Project, or any portion thereof; (v) costs incurred in connection with the parking areas servicing the Project, as well as costs
incurred in connection with the provision of any shuttle service serving the Project for the purpose of facilitating access to public transportation; (vi) fees and other costs, including management fees, consulting fees, legal fees and
accounting fees, of all contractors and consultants in connection with the management, operation, maintenance, replacement, renovation, repair and restoration of the Project; (vii) payments under any equipment rental agreements and the fair
rental value of any management office space; (viii) wages, salaries and other compensation and benefits, including taxes levied thereon, of all persons (other than persons generally considered to be higher in rank than the position of
“Senior Asset Manager”) engaged in the operation, maintenance and security of the Project; (ix) costs under any instrument pertaining to the sharing of costs by the Project; (x) operation, repair, maintenance, renovation,
replacement and restoration of all systems and equipment and components thereof of the Project, subject to (xiii) below; (xi) the cost of janitorial (but excluding the cost of janitorial services in the Premises and the premises of other
tenants of the Building and any other buildings in the Project (as opposed to the Common Areas) since Tenant is separately paying for the 

  
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cost of janitorial services in the Premises pursuant to Section 6.1.5 of the Lease), alarm, security and other services, replacement, renovation, restoration and repair
of wall and floor coverings, ceiling tiles and fixtures in common areas, maintenance, replacement, renovation, repair and restoration of curbs and walkways, repair to roofs and re-roofing;
(xii) amortization of the cost of acquiring or the rental expense of personal property used in the maintenance, operation and repair of the Project, or any portion thereof (which amortization calculation shall include interest at the
“Interest Rate,” as that term is set forth in Article 25 of this Lease); (xiii) the cost of capital improvements or other costs incurred in connection with the Project (A) which are reasonably intended to
effect economies in the operation or maintenance of the Project, or any portion thereof (but only to the extent of reasonably anticipated savings in Operating Expenses), (B) that are required to comply with then-existing, mandatory conservation
programs enacted following the date of this Lease and which programs are also required of comparable, institutionally owned projects in the vicinity of the Project conservation programs, (C) which are replacements or modifications of
nonstructural items located in the Common Areas required to keep the Common Areas in good order or condition, (D) that are required under any governmental law or regulation by a federal, state or local governmental agency, except for capital
repairs, replacements or other improvements to remedy a condition existing prior to the Lease Commencement Date which an applicable governmental authority, if it had knowledge of such condition prior to the Lease Commencement Date, would have then
required to be remedied pursuant to then-current governmental laws or regulations in their form existing as of the Lease Commencement Date and pursuant to the then-current interpretation of such governmental laws or regulations by the applicable
governmental authority as of the Lease Commencement Date, or (E) that are reasonably intended to materially benefit the safety or security of the Project (the permitted capital expenditures pursuant to the foregoing items (A) through
(E) being, collectively, the “Permitted Capital Expenses”); provided, however, that any capital expenditure shall be amortized with interest at the Interest Rate over (Y) the corresponding useful life as Landlord shall
reasonably determine in accordance with sound real estate management and accounting practices consistently applied, or (Z) with respect to those items included under item (A) above their recovery/payback period as Landlord shall reasonably
determine in accordance with sound real estate management and accounting practices consistently applied; (xiv) costs, fees, charges or assessments imposed by, or resulting from any mandate imposed on Landlord by, any federal, state or local
government for fire and police protection, trash removal, community services, or other services which do not constitute “Tax Expenses” as that term is defined in Section 4.2.5, below; (xv) payments under any
easement, license, operating agreement, declaration, restrictive covenant, or instrument pertaining to the sharing of costs by the Project and (xvi) costs of any additional services not provided to the Project as of the Lease Commencement Date
but which are thereafter provided by Landlord in connection with its prudent management of the Project. Notwithstanding the foregoing, for purposes of this Lease, Operating Expenses shall not, however, include: 

(a)    costs, including marketing costs, legal fees, space planners’ fees, advertising and promotional expenses, and
brokerage fees incurred in connection with the original construction or development, or original or future leasing of the Project, and costs, including permit, license and inspection costs, incurred with respect to the installation of improvements
made for new tenants initially occupying space in the Project after the Lease Commencement Date or incurred in renovating or otherwise improving, decorating, painting or redecorating vacant space for tenants or other occupants of the Project
(excluding, however, such costs relating to any common areas of the Project or parking facilities); 

  
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 (b)    except as set forth in items (xi), (xii), (xiii), and
(xiv) above, depreciation, interest and principal payments on mortgages and other debt costs, if any, penalties and interest; 

(c)    costs for which the Landlord is reimbursed by any tenant or occupant of the Project or by insurance by its carrier
or any tenant’s carrier or by anyone else (except to the extent of deductibles), and electric power costs for which any tenant directly contracts with the local public service company; 

(d)    any bad debt loss, rent loss, or reserves for bad debts or rent loss; 

(e)    costs associated with the operation of the business of the partnership or entity which constitutes the Landlord,
as the same are distinguished from the costs of operation of the Project (which shall specifically include, but not be limited to, accounting costs associated with the operation of the Project). Costs associated with the operation of the business of
the partnership or entity which constitutes the Landlord include costs of partnership accounting and legal matters, costs of defending any lawsuits with any mortgagee (except as the actions of the Tenant may be in issue), costs of selling,
syndicating, financing, mortgaging or hypothecating any of the Landlord’s interest in the Project, and costs incurred in connection with any disputes between Landlord and its employees, between Landlord and Project management, or between
Landlord and other tenants or occupants, and Landlord’s general corporate overhead and general and administrative expenses; 

(f)    the wages and benefits of any employee who does not devote substantially all of his or her employed time to the
Project unless such wages and benefits are prorated to reflect time spent on operating and managing the Project vis-a-vis time spent on matters unrelated to operating
and managing the Project; provided, that in no event shall Operating Expenses for purposes of this Lease include wages and/or benefits attributable to personnel above the level of Senior Asset Manager; 

(g)    amount paid as ground rental for the Project by the Landlord; 

(h)    overhead and profit increment paid to the Landlord or to subsidiaries or affiliates of the Landlord for services
in the Project to the extent the same exceeds the costs of such services rendered by qualified, first-class unaffiliated third parties on a competitive basis; 

(i)    any compensation paid to clerks, attendants or other persons in commercial concessions operated by the Landlord,
provided that any compensation paid to any concierge or parking attendants at the Project shall be includable as an Operating Expense; 

(j)    rentals and other related expenses incurred in leasing air conditioning systems, elevators or other equipment
which if purchased the cost of which would be excluded from Operating Expenses as a capital cost, except equipment not affixed to the Project which is used in providing janitorial or similar services and, further excepting from this exclusion such
equipment rented or leased to remedy or ameliorate an emergency condition in the Project; 

  
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 (k)    all items and services for which Tenant or any other tenant in
the Project reimburses Landlord or which Landlord provides selectively to one or more tenants (other than Tenant) without reimbursement; 

(1)    costs, other than those incurred in ordinary maintenance and repair, for sculpture, paintings, fountains or other
objects of art; 
 (m)    any costs expressly excluded from Operating Expenses elsewhere in this Lease; 

(n)    rent for any office space occupied by Project management personnel to the extent the size or rental rate of such
office space exceeds the size or fair market rental value of office space occupied by management personnel of the “Comparable Buildings,” as that term is defined in Section 4 of
Exhibit H to this Lease, with adjustment where appropriate for the size of the applicable project; 

(o)    Excepting any Permitted Capital Expenses, any costs of other capital improvements or expenditures; 

(a)    costs to the extent arising from the gross negligence or willful misconduct of Landlord or its agents, employees,
vendors, contractors, or providers of materials or services; 
 (b)    amounts spent for any earthquake deductible in
excess of One and 50/100 Dollars ($1.50) per rentable square foot of the Premises in any particular Expense Year; provided, however, any remaining excess (i.e., deductibles in excess of such annual Expense Cap) may be carried over into future
Expenses Years. 
 (c)    reserves for Permitted Capital Expenses; 

(p)    fees payable by Landlord for management of the Project in excess of three and one half percent (3.5%) (the
“Management Fee Cap”) of Landlord’s gross rental revenues, adjusted and grossed up to reflect a one hundred percent (100%) occupancy of the Project with all tenants paying rent, including base rent, pass-throughs, and parking
fees (but excluding the cost of after-hours services or utilities) from the Project for any calendar year or portion thereof; and 

(q)    costs incurred to comply with laws relating to the removal of hazardous material or substance (as defined under
applicable law) which was in existence in the Building or on the Project prior to the Lease Commencement Date, and was of such a nature that a federal, state, local or municipal governmental authority, if it had then had knowledge of the presence of
such hazardous material or substance, in the state, and under the conditions that it then existed in the Building or on the Project, would have then required the removal of such hazardous material or substance or other

  
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remedial or containment action with respect thereto, but only to the extent those laws were then being actively enforced by the applicable government authority; and costs incurred to remove,
remedy, contain, or treat hazardous material or substance, which hazardous material or substance is brought into the Building or onto the Project after the date hereof by Landlord or any other tenant of the Project and is of such a nature, at that
time, that a federal, state, local or municipal governmental authority, if it had then had knowledge of the presence of such hazardous material or substance, in the state, and under the conditions, that it then exists in the Building or on the
Project, would have then required the removal of such hazardous material or substance or other remedial or containment action with respect thereto, but only to the extent those laws were then being actively enforced by the applicable government
authority. 
 If Landlord is not furnishing any particular work or service (the cost of which, if performed by Landlord, would be included
in Operating Expenses) to a tenant who has undertaken to perform such work or service in lieu of the performance thereof by Landlord, Operating Expenses shall be deemed to be increased by an amount equal to the additional Operating Expenses which
would reasonably have been incurred during such period by Landlord if it had at its own expense furnished such work or service to such tenant. If the Project is not at least ninety-five percent (95%) occupied during all or a portion of the Base Year
or any Expense Year, Landlord may elect to make an appropriate adjustment to the components of Operating Expenses that vary with occupancy for such year to determine the amount of such Operating Expenses that would have been incurred had the Project
been ninety-five percent (95%) occupied; and the amount so determined shall be deemed to have been the amount of Operating Expenses for such year. Operating Expenses for the Base Year shall not include market-wide cost increases (including utility
rate increases) due to extraordinary circumstances, including, but not limited to, Force Majeure, boycotts, strikes, conservation surcharges, embargoes or shortages, or amortized costs. Landlord shall not (i) make a profit by charging items to
Operating Expenses that are otherwise also charged separately to others and (ii) subject to Landlord’s right to adjust the components of Operating Expenses described above in this paragraph, collect Operating Expenses from Tenant and all
other tenants in the Building in an amount in excess of what Landlord incurs for the items included in Operating Expenses. Only as provided hereinafter below in items [I], and [II] below, in the event Landlord incurs costs or expenses associated
with or relating to new (as opposed to replacement), distinct categories of Operating Expenses which were not part of Operating Expenses during the Base Year, Operating Expenses for the Base Year shall be deemed increased by the amounts Landlord
would have incurred during the Base Year with respect to such costs and expenses had such new, distinct categories of Operating Expenses been included in Operating Expenses during the entire Base Year. The foregoing shall only apply as follows: [I]
any insurance premium resulting from any new forms of insurance, including terrorism or earthquake insurance, first maintained following the Base Year shall be deemed to be included in Operating Expenses for the Base Year; and [II] any new major
category of services (the “New Services”), provided that no adjustment to the Operating Expenses for the Base Year shall occur to the extent such New Services (1) are first being offered by landlords in the majority of
Comparable Buildings following the Base Year, or (2) are required by “Applicable Laws,” as that term is set forth in Article 24 below. 

  
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 4.2.5    Taxes. 

4.2.5.1    “Tax Expenses” shall mean all federal, state, county, or local governmental or municipal
taxes, fees, charges or other impositions of every kind and nature, whether general, special, ordinary or extraordinary, (including, without limitation, real estate taxes, general and special assessments, transit taxes, leasehold taxes or taxes
based upon the receipt of rent, including gross receipts or sales taxes applicable to the receipt of rent, unless required to be paid by Tenant, personal property taxes imposed upon the fixtures, machinery, equipment, apparatus, systems and
equipment, appurtenances, furniture and other personal property used in connection with the Project, or any portion thereof), which shall be paid or accrued during any Expense Year (without regard to any different fiscal year used by such
governmental or municipal authority) because of or in connection with the ownership, leasing and operation of the Project, or any portion thereof (including, without limitation, the land upon which the Building and the parking facilities serving the
Building are located). 
 4.2.5.2    Tax Expenses shall include, without limitation: (i) Any tax on the rent,
right to rent or other income from the Project, or any portion thereof, or as against the business of leasing the Project, or any portion thereof; (ii) Any assessment, tax, fee, levy or charge in addition to, or in substitution, partially or
totally, of any assessment, tax, fee, levy or charge previously included within the definition of real property tax, it being acknowledged by Tenant and Landlord that Proposition 13 was adopted by the voters of the State of California in the
June 1978 election (“Proposition 13”) and that assessments, taxes, fees, levies and charges may be imposed by governmental agencies for such services as fire protection, street, sidewalk and road maintenance, refuse removal and
for other governmental services formerly provided without charge to property owners or occupants, and, in further recognition of the decrease in the level and quality of governmental services and amenities as a result of Proposition 13, Tax Expenses
shall also include any governmental or private assessments or the Project’s contribution towards a governmental or private cost-sharing agreement for the purpose of augmenting or improving the quality of services and amenities normally provided
by governmental agencies; (iii) Any assessment, tax, fee, levy, or charge allocable to or measured by the area of the Premises or the Rent payable hereunder, including, without limitation, any business or gross income tax or excise tax with
respect to the receipt of such rent, or upon or with respect to the possession, leasing, operating, management, maintenance, alteration, repair, use or occupancy by Tenant of the Premises, or any portion thereof; (iv) Any assessment, tax, fee,
levy or charge, upon this transaction or any document to which Tenant is a party, creating or transferring an interest or an estate in the Premises; and (v) all of the real estate taxes and assessments imposed upon or with respect to the
Building and all of the real estate taxes and assessments imposed on the land and improvements comprising the Project. 

4.2.5.3    Any reasonable costs and expenses (including, without limitation, reasonable attorneys’ fees) incurred in
attempting to protest, reduce or minimize Tax Expenses shall be included in Tax Expenses in the Expense Year such expenses are paid. Except as set forth in Section 4.2.5.4, below, refunds of Tax Expenses shall be credited
against Tax Expenses and refunded to Tenant regardless of when received, based on the Expense Year to which the refund is applicable, provided that in no event shall the amount to be refunded to Tenant for any such Expense Year exceed the total
amount paid by Tenant as an increase in Tax Expenses under this Article 4 for such Expense Year. If Tax Expenses for any period during the Lease Term or any extension thereof are increased

  
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after payment thereof for any reason, including, without limitation, error or reassessment by applicable governmental or municipal authorities, Tenant shall pay Landlord upon demand Tenant’s
Share of any such increased Tax Expenses included by Landlord as Building Tax Expenses pursuant to the TCCs of this Lease. Notwithstanding anything to the contrary contained in this Section 4.2.5 (except as set forth in
Section 4.2.5.1, above), there shall be excluded from Tax Expenses (i) all excess profits taxes, franchise taxes, documentary transfer taxes, gift taxes, capital stock taxes, inheritance and succession taxes, estate
taxes, federal and state income taxes, and other taxes to the extent applicable to Landlord’s general or net income (as opposed to rents, receipts or income attributable to operations at the Project), (ii) any items included as Operating
Expenses, (iii) any items paid by Tenant under Section 4.5 of this Lease, and (iv) any penalties, late charges or interest due to Landlord’s failure to timely pay taxes when due. Notwithstanding anything to
the contrary set forth in this Lease, only Landlord may institute proceedings to reduce Tax Expenses and the filing of any such proceeding by Tenant without Landlord’s consent shall constitute an event of default by Tenant under this Lease.
Notwithstanding the foregoing, Landlord shall not be obligated to file any application or institute any proceeding seeking a reduction in Tax Expenses. 

4.2.5.4    Notwithstanding anything to the contrary set forth in this Lease, the amount of Tax Expenses for the Base Year
and any Expense Year shall be calculated without taking into account any decreases in real estate taxes obtained in connection with Proposition 8, and, therefore, the Tax Expenses in the Base Year and/or an Expense Year may be greater than those
actually incurred by Landlord, but shall, nonetheless, be the Tax Expenses due under this Lease; provided that (i) any costs and expenses incurred by Landlord in securing any Proposition 8 reduction shall not be included in Direct Expenses for
purposes of this Lease, and (ii) tax refunds under Proposition 8 shall not be deducted from Tax Expenses, but rather shall be the sole property of Landlord. Landlord and Tenant acknowledge that this Section 4.2.5.4 is
not intended to in any way affect (A) the inclusion in Tax Expenses of the statutory two percent (2.0%) annual maximum allowable increase in Tax Expenses (as such statutory increase may be modified by subsequent legislation), or (B) the
inclusion or exclusion of Tax Expenses pursuant to the terms of Proposition 13, which shall be governed pursuant to the terms of Sections 4.2.5.1 through 4.2.5.3, above. 

4.2.6    “Tenant’s Share” shall mean the percentage set forth in Section 6 of the Summary. 

4.3    Cost Pools. Landlord shall have the right, from time to time, to equitably allocate some or all of
the Direct Expenses for the Project among different portions or occupants of the Project (the “Cost Pools”), in Landlord’s reasonable discretion. Such Cost Pools may include, but shall not be limited to, the office space
tenants of a building of the Project or of the Project, and the retail space tenants of a building of the Project or of the Project. The Direct Expenses within each such Cost Pool shall be allocated and charged to the tenants within such Cost Pool
in an equitable manner. 
 4.4    Calculation and Payment of Additional Rent. If for any Expense Year
ending or commencing within the Lease Term, Tenant’s Share of Direct Expenses for such Expense Year exceeds Tenant’s Share of Direct Expenses applicable to the Base Year, then Tenant shall pay to Landlord, in the manner set forth in
Section 4.4.1, below, and as Additional Rent, an amount equal to the excess (the “Excess”). 

  
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 4.4.1    Statement of Actual Direct Expenses and Payment by
Tenant. Landlord shall give to Tenant following the end of each Expense Year, a statement (the “Statement”) which shall state in reasonable detail the Direct Expenses incurred or accrued for the particular Expense Year and
which shall indicate the amount of the Excess. Landlord shall use commercially reasonable efforts to deliver such Statement to Tenant on or before May 1 following the end of the Expense Year to which such Statement relates. Upon receipt of the
Statement for each Expense Year commencing or ending during the Lease Term, if an Excess is present, Tenant shall pay, within thirty (30) days after receipt of the Statement, the full amount of the Excess for such Expense Year, less the
amounts, if any, paid during such Expense Year as “Estimated Excess,” as that term is defined in Section 4.4.2, below, and if Tenant paid more as Estimated Excess than the actual Excess, Tenant shall receive a
credit in the amount of Tenant’s overpayment against Rent next due under this Lease. The failure of Landlord to timely furnish the Statement for any Expense Year shall not prejudice Landlord or Tenant from enforcing its rights under this
Article 4. Even though the Lease Term has expired and Tenant has vacated the Premises, when the final determination is made of Tenant’s Share of Direct Expenses for the Expense Year in which this Lease terminates, if
an Excess is present, Tenant shall, within thirty (30) days after receipt of the Statement, pay to Landlord such amount, and if Tenant paid more as Estimated Excess than the actual Excess, Landlord shall, within thirty (30) days, deliver a
check payable to Tenant in the amount of the overpayment. The provisions of this Section 4.4.1 shall survive the expiration or earlier termination of the Lease Term. Notwithstanding the immediately preceding sentence,
Tenant shall not be responsible for Tenant’s Share of any Direct Expenses attributable to any Expense Year which are first billed to Tenant more than two (2) calendar years after the Lease Expiration Date, provided that in any event Tenant
shall be responsible for Tenant’s Share of Direct Expenses which (x) were levied by any governmental authority or by any public utility companies, and (y) Landlord had not previously received an invoice therefor and which are
currently due and owing e., costs invoiced for the first time regardless of the date when the work or service relating to this Lease was performed), at any time following the Lease Expiration Date which are attributable to any Expense Year. 

4.4.2    Statement of Estimated Direct Expenses. In addition, Landlord shall give Tenant a yearly expense
estimate statement (the “Estimate Statement”) which shall set forth in reasonable detail Landlord’s reasonable estimate (the “Estimate”) of what the total amount of Direct Expenses for the then-current Expense
Year shall be and the estimated excess (the “Estimated Excess”) as calculated by comparing the Direct Expenses for such Expense Year, which shall be based upon the Estimate, to the amount of Direct Expenses for the Base Year. The
failure of Landlord to timely furnish the Estimate Statement for any Expense Year shall not preclude Landlord from enforcing its rights to collect any Additional Rent under this Article 4, nor shall Landlord be prohibited
from revising any Estimate Statement or Estimated Excess theretofore delivered to the extent necessary. Thereafter, Tenant shall pay, within thirty (30) days after receipt of the Estimate Statement, a fraction of the Estimated Excess for the
then-current Expense Year (reduced by any amounts paid pursuant to the second to last sentence of this Section 4.4.2). Such fraction shall have as its numerator the number of months which have elapsed in such current
Expense Year, including the month of such 

  
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payment, and twelve (12) as its denominator. Until a new Estimate Statement is furnished (which Landlord shall have the right to deliver to Tenant at any time), Tenant shall pay monthly,
with the monthly Base Rent installments, an amount equal to one-twelfth (1/12) of the total Estimated Excess set forth in the previous Estimate Statement delivered by Landlord to Tenant. Throughout the Lease
Term Landlord shall maintain records with respect to Direct Expenses in accordance with sound real estate management and accounting practices, consistently applied. 

4.5    Taxes and Other Charges for Which Tenant Is Directly Responsible. 

4.5.1    Tenant shall be liable for and shall pay ten (10) days before delinquency, taxes levied against Tenant’s
equipment, furniture, fixtures and any other personal property located in or about the Premises. If any such taxes on Tenant’s equipment, furniture, fixtures and any other personal property are levied against Landlord or Landlord’s
property or if the assessed value of Landlord’s property is increased by the inclusion therein of a value placed upon such equipment, furniture, fixtures or any other personal property and if Landlord pays the taxes based upon such increased
assessment, which Landlord shall have the right to do regardless of the validity thereof but only under proper protest if requested by Tenant, Tenant shall upon demand repay to Landlord the taxes so levied against Landlord or the proportion of such
taxes resulting from such increase in the assessment, as the case may be. 
 4.5.2    If the improvements in the
Premises, whether installed and/or paid for 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 standard” in other space in the Building are assessed, then the Tax Expenses levied against Landlord or the property by reason of such excess assessed valuation shall be deemed to be
taxes levied against personal property of Tenant and shall be governed by the provisions of Section 4.5.1, above. 

4.5.3    Notwithstanding any contrary provision herein, Tenant shall pay prior to delinquency any (i) rent tax or
sales tax, gross receipts tax, service tax, transfer tax or value added tax, or any other applicable tax on the rent or services herein or otherwise respecting this Lease; (ii) taxes assessed upon or with respect to the possession, leasing,
operation, management, maintenance, alteration, repair, use or occupancy by Tenant of the Premises or any portion of the Project, including the Project parking facility and taxes or assessments due to any type of ballot measure, including an
initiative adopted by the voters or local agency, or a state proposition approved by the voters; or (iii) taxes assessed upon this transaction or any document to which Tenant is a party creating or transferring an interest or an estate in the
Premises. 
 4.5.4    Landlord’s Records. Upon Tenant’s written request given not more than one
hundred twenty (120) days after Tenant’s receipt of a Statement for a particular Expense Year, and provided that Tenant is not then in default under this Lease beyond the applicable notice and cure period provided in this Lease,
specifically including, but not limited to, the timely payment of Additional Rent (whether or not a component thereof is the subject of the audit contemplated herein), Landlord shall furnish Tenant with such reasonable supporting documentation
pertaining to the calculation of the Excess set forth in the Statement as Tenant may reasonably request. Landlord shall 

  
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provide said documentation pertaining to the relevant Excess to Tenant within sixty (60) days after Tenant’s written request therefor. Within one hundred eighty (180) days after
receipt of a Statement by Tenant (the “Audit Period”), if Tenant disputes the amount of the Excess set forth in the Statement, an independent certified public accountant (which accountant (A) is a member of a nationally or
regionally recognized certified public accounting firm which has previous experience in auditing financial operating records of landlords of office buildings, (B) shall not already be providing primary accounting and/or lease administration
services to Tenant and shall not have provided primary accounting and/or lease administration services to Tenant in the past three (3) years, (C) is not working on a contingency fee basis [i.e., Tenant must be billed based on the actual
time and materials that are incurred by the certified public accounting firm in the performance of the audit], and (D) shall not currently be providing (or within the previous two (2) years have provided) accounting and/or lease
administration services to another tenant in the Building and/or the Project in connection with a review or audit by such other tenant of similar expense records), designated and paid for by Tenant, may, after reasonable notice to Landlord and at
reasonable times, audit Landlord’s records with respect to the Excess set forth in the Statement at Landlord’s corporate offices in San Francisco, California or Los Angeles, California, provided that (i) Tenant is not then in default
under this Lease (beyond the applicable notice and cure periods provided under this Lease), (ii) Tenant has paid all amounts required to be paid under the applicable Estimate Statement and Statement, and (iii) a copy of the audit agreement
between Tenant and its particular certified public accounting firm has been delivered to Landlord prior to the commencement of the audit. In connection with such audit, Tenant and Tenant’s certified public accounting firm must agree in advance
to follow Landlord’s reasonable rules and procedures regarding an audit of the aforementioned Landlord records, and shall execute a commercially reasonable confidentiality agreement regarding such audit. Any audit report prepared by
Tenant’s certified public accounting firm shall be delivered concurrently to Landlord and Tenant within the Audit Period. Tenant’s failure to audit the amount of the Excess set forth in any Statement within the Audit Period shall be deemed
to be Tenant’s approval of such Statement and Tenant, thereafter, waives the right or ability to audit the amounts set forth in such Statement. If after such audit, Tenant still disputes such Excess, an audit to determine the proper amount
shall be made, at Tenant’s expense, by an independent certified public accountant (the “Accountant”) selected by Landlord and subject to Tenant’s reasonable approval; provided that if such audit by the Accountant proves
that the Direct Expenses in the subject Expense Year were overstated by more than five percent (5%), then the cost of the Accountant and the cost of such audit shall be paid for by Landlord. Tenant hereby acknowledges that Tenant’s sole right
to audit Landlord’s records and to contest the amount of Direct Expenses payable by Tenant shall be as set forth in this Section 4.6, and Tenant hereby waives any and all other rights pursuant to applicable law to
audit such records and/or to contest the amount of Direct Expenses payable by Tenant. 
 ARTICLE 5 

USE OF PREMISES 

5.1    Permitted Use. Tenant shall use the Premises solely for the Permitted Use set forth in
Section 7 of the Summary and Tenant shall not use or permit the Premises or the Project to be used for any other purpose or purposes whatsoever without the prior written consent of Landlord, which may be withheld in
Landlord’s sole and absolute discretion. 

  
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 5.2    Prohibited Uses. The uses prohibited under this
Lease shall include, without limitation, use of the Premises or a portion thereof for (i) offices of any agency or bureau of the United States or any state or political subdivision thereof; (ii) offices or agencies of any foreign
governmental or political subdivision thereof; (iii) offices of any health care professionals or service organization; (iv) schools or other training facilities which are not ancillary to corporate, executive or professional office use;
(v) retail or restaurant uses; or (vi) communications firms such as radio and/or television stations. Tenant shall not allow the average occupancy density for the Premises to exceed the maximum occupancy as determined by the fire marshal
or Applicable Laws, provided that Landlord makes no representation that the “HVAC,” as that term is defined in Section 6.1 below, has the capacity to accommodate an occupancy density greater than one
(1) person per each 175 rentable square feet of floor area within the office space portion of the Premises (provided that Tenant properly designs and configures the Premises to distribute the HVAC within the Premises as part of the Tenant
Improvements or in connection with future Alterations). Tenant further covenants and agrees that it shall not use, or suffer or permit any person or persons to use, the Premises or any part thereof for any use or purpose contrary to the rules and
regulations promulgated by Landlord from time to time (“Rules and Regulations”), the current set of which (as of the date of this Lease) is attached to this Lease as Exhibit D; or in
violation of the laws of the United States of America, the State of California, or the ordinances, regulations or requirements of the local municipal or county governing body or other lawful authorities having jurisdiction over the Project,
including, without limitation, any such laws, ordinances, regulations or requirements relating to hazardous materials or substances, as those terms are defined by applicable laws now or hereafter in effect; provided, however, Landlord shall not
enforce, change or modify the Rules and Regulations in a discriminatory manner and Landlord agrees that the Rules and Regulations shall not be unreasonably modified or enforced in a manner which will unreasonably interfere with the normal and
customary conduct of Tenant’s business. Tenant shall not do or permit anything to be done in or about the Premises which will in any way damage the reputation of the Project or obstruct or interfere with the rights of other tenants or occupants
of the Building, or injure or annoy them or use or allow the Premises to be used for any improper, unlawful or objectionable purpose, nor shall Tenant cause, maintain or permit any nuisance in, on or about the Premises. 

5.3    CC&Rs. Tenant shall comply with all recorded covenants, conditions, and restrictions currently
affecting the Project. Additionally, Tenant acknowledges that the Project may be subject to any future covenants, conditions, and restrictions (the “CC&Rs”) which Landlord, in Landlord’s discretion, deems reasonably
necessary or desirable, and Tenant agrees that this Lease shall be subject and subordinate to such CC&Rs; provided, however, the CC&Rs shall not (i) adversely affect Tenant’s rights under this Lease, (ii) adversely affect
Tenant’s use of the Premises for the Permitted Use, or (iii) increase Tenant’s monetary obligations under this Lease, in more than a de minimis manner. Landlord shall have the right to require Tenant to execute and acknowledge, within
fifteen (15) business days of a request by Landlord, a “Recognition of Covenants, Conditions, and Restriction,” in a form substantially similar to that attached hereto as Exhibit F,
agreeing to and acknowledging the CC&Rs. 

  
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 5.4    Tenant’s Bicycles. Tenant’s employees and
visitors shall be permitted to bring their bicycles (“Bicycles”) into the designated portions of the Project, subject to the provisions of this Section 5.4, and such additional reasonable rules and
regulations as may be promulgated by Landlord from time to time (in Landlord’s reasonable discretion) that do not unreasonably interfere with Tenant’s ability to park its Bicycles as contemplated herein and provided to Tenant. AT NO TIME
ARE RIDERS ALLOWED TO RIDE ANY BICYCLE IN THE PREMISES, THE PROJECT PARKING FACILITIES, THE BUILDING, OR ANYWHERE ELSE WITHIN THE PROJECT. RIDERS MUST ALWAYS WALK THEIR BICYCLES WITHIN THE PROJECT BOUNDARIES. Storage of any Bicycle anywhere on the
Project other than as expressly set forth in this Section 5.4 is prohibited. Tenant shall keep its employees informed of these rules and regulations and any modifications thereto. 

5.4.1    Bicycle Storage Area. Tenant (including employees and visitors of Tenant) shall have the non-exclusive right, on a first-come, first-served basis, at no cost to Tenant, to utilize that portion of the Common Areas designated by Landlord for the day use parking of operable Bicycles by tenants and
occupants of the Building (the “Bicycle Storage Area”). Gas-powered motorized vehicles of any kind (but not including electric powered bicycles), including motorcycles and mopeds, are
prohibited in the Bicycle Storage Area, as is the storage of any property other than Bicycles, or the storage of more than a de minimis number of Bicycles for more than seventy-two (72) hours in the
Bicycle Storage Area (and any such Bicycles which are stored for longer than seventy-two (72) hours shall be subject to removal by Landlord in accordance with signage posted in the Bicycle Storage Area).
Each rider shall use the Bicycle Storage Area at is sole risk. Landlord specifically reserves the right to reasonably change the location, size, configuration, design, layout and all other aspects of the Bicycle Storage Area at any time (provided
that no such action will materially diminish the capacity of the Bicycle Storage Area on other than a temporary basis), and Tenant acknowledges and agrees that Landlord may, without incurring any liability to Tenant and without any abatement of Rent
under this Lease, from time to time, temporarily close-off or restrict access to the Bicycle Storage Area for purposes of permitting or facilitating any such construction, alteration or improvements. Landlord
shall in no case be liable for personal injury or property damage for any error with regard to the admission to or exclusion from the Bicycle Storage Area of any person. Upon the expiration or earlier termination of this Lease, Tenant shall have
removed all Bicycles belonging to its employees from the Bicycle Storage Area and Tenant, at Tenant’s sole cost and expense, shall repair all damage to the Bicycle Storage Area caused by the removal of Tenant’s property therefrom, and if
Tenant fails to repair such damage, Landlord may undertake such repair on account of Tenant and Tenant shall pay to Landlord upon demand the cost of such repair. If Tenant fails to remove any Bicycles at the expiration or earlier termination of this
Lease, Landlord may dispose of said Bicycles in such lawful manner as it shall determine in its sole and absolute discretion. 

5.4.2    Bicycles in the Premises. Tenant’s employees shall be permitted to bring their bicycles in the
Premises in accordance with the terms of this Section 5.4.2. The right provided to Tenant and its employees to bring bicycles into the Premises shall be subject to the following terms and conditions: (i) bicycles may
only enter and exit the Building through the areas reasonably designated by Landlord; (ii) bicycles must be taken directly to the Premises via the applicable Building elevator reasonably designated by Landlord (which Tenant shall be entitled to
use at all times at no 

  
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additional charge), and in no event shall Tenant’s employees bring any Bicycles into or through the ground floor lobby of either Building other than the Exclusive Use Lobbies;
(iii) Landlord shall have the right to reasonably designate the path of travel that Tenant’s employees must follow; and (iv) in no event shall Tenant permit any bicycles to be stored or left unattended within the Common Areas (other
than the Bicycle Storage Area and other bicycle storage areas reasonably designated by Landlord for non-exclusive use of tenants of the Project) at any time. 

5.5    Tenant’s Use of Base Building Stairwell. Subject to Applicable Laws and Tenant’s receipt of
all necessary governmental or quasi-governmental approvals (collectively, “Governmental Approvals”), Tenant shall have right during the Lease Term to use the base building stairwells between the floors of the Premises (once such
floors are leased and occupied by Tenant) (each, a “Stairwell”) solely for purposes of ingress and egress from and between different floors of the Premises. Subject to Landlord’s approval (which shall not be unreasonably
withheld) and receipt by Tenant of applicable Governmental Approvals, Tenant, at its sole cost and expense, may procure, install, and maintain a separate security access system compatible with the Building security access system (the
“Stairwell Security System”) on the interior of the Stairwell which will limit Stairwell access to the Premises to Landlord’s and Tenant’s authorized users, but which permits access to the Stairwell by all tenants and
occupants of the Building. The Stairwell Security System shall be installed prior to the use by Tenant of the Stairwell for other than general access with other tenants. Tenant shall keep and maintain the Stairwell Security System in good working
order, condition and repair throughout the Lease Term. In its use of the Stairwell and in connection with the installation, maintenance and operation of the Stairwell Security System, Tenant shall comply with all Applicable Laws, Governmental
Approvals and the rules and regulations for the Project. Except as expressly set forth herein, Tenant shall have no right to alter or change the Stairwell in any manner whatsoever, other than minor cosmetic alterations reasonably approved in advance
by Landlord (which alterations, if approved and performed, shall be performed in accordance with the terms of Article 8 below). Tenant acknowledges and agrees that Tenant’s use of the Stairwell and the installation,
operation and maintenance of the Stairwell Security System shall be at Tenant’s sole risk and Landlord shall have no liability whatsoever in connection therewith. Except for any property damage or personal injury to the extent arising from
Landlord’s gross negligence or willful misconduct, Tenant hereby waives any and all claims against Landlord for any damages arising from Tenant’s exercise of its rights under this Section 5.5. Furthermore, as a
material inducement to Landlord to grant the rights set forth in this Section 5.5, except for any property damage or personal injury to the extent arising from Landlord’s gross negligence or willful misconduct, Tenant
hereby agrees to defend, indemnify and hold Landlord harmless, from and against any and all damages, losses, claims, liability, costs or expenses (including reasonable attorneys’ and other professional fees), actions or causes of action, or
judgments arising in any manner from Tenant’s use of the Stairwell and/or the installation, operation and maintenance of the Stairwell Security System. 

5.6    Tenant’s Dogs. 

5.6.1    In General. Subject to the provisions of this Section 5.6 and the Rules
and Regulations, Tenant shall be permitted to bring up to a total of one (1) non-aggressive, well behaved, fully-trained, fully-domesticated and fully-vaccinated dog of no less than one (1) year in
age into the 

  
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Premises (which dog is owned by Tenant or an officer or employee of Tenant) for every ten thousand (10,000) rentable square feet of the Premises then occupied by Tenant (“Tenant’s
Dogs”). Tenant’s Dogs shall not include service animals (as defined under Applicable Laws and accompanying guidelines) (“Service Animals”) and this Section 5.6 shall not be applicable to such
Service Animals unless expressly stated hereinbelow. Tenant’s Dogs must be on a leash that is no more than four feet (4’) in length while in any area of the Project outside of the Premises. In no event shall Tenant be permitted to bring
any of Tenant’s Dogs into the restrooms of the Project. Within three (3) business days following Tenant’s receipt of Landlord’s request, Tenant shall provide Landlord with reasonably satisfactory evidence showing that all current
vaccinations have been received by Tenant’s Dogs. Tenant’s Dogs shall not be brought to the Project if such dog is ill or contracts a disease that could potentially threaten the health or wellbeing of any tenant or occupant of the Building
(which diseases may include, but shall not be limited to, rabies, leptospirosis and lyme disease). While in the Building, Tenant’s Dogs must be taken directly to/from the Premises and Tenant shall use the Project’s freight elevators to
bring Tenant’s Dogs to/from the Premises. Tenant’s Dogs and Service Animals shall only be permitted to use the area shown on Exhibit A-2 attached hereto
for the relief of bodily waste and excrement. Tenant shall not permit any objectionable dog related odors to emanate from the Premises, and in no event shall Tenant’s Dogs be at the Project overnight. All bodily waste generated by Tenant’s
Dogs in or about the Project shall be promptly removed and disposed of in trash receptacles designated by Landlord, and any areas of the Project affected by such waste shall be cleaned and otherwise sanitized by Tenant. No less than one
(1) time per calendar month during which any of Tenant’s Dogs are at the Premises, Tenant shall, at Tenant’s sole cost, clean all carpeted floor areas located within any portions of the Premises where Tenant’s Dogs have been
located or have been allowed access. No Tenant’s Dog shall be permitted to enter the Project if such Tenant’s Dog previously exhibited dangerously aggressive behavior. Notwithstanding the foregoing, Landlord shall have the right, at any
time, to prevent particular dogs from entering or accessing the Premises if such dogs are in violation of the terms of this Section 5.6, have previously been in violation of one or more of the terms of this
Section 5.6, or Landlord has received a complaint from any tenant or occupant regarding damage, disruption or nuisance caused by such dog in the Building or the Project, which complaint is, in Landlord’s reasonable
business judgment, legitimate and not intended solely to harass or frustrate Tenant’s use and occupancy of the Premises or Tenant’s right to bring Tenant’s Dogs into the Premises in accordance with this
Section 5.6. 
 5.6.2    Costs and Expenses. Tenant shall pay to Landlord,
within thirty (30) days after demand, all costs incurred by Landlord in connection with the presence of Tenant’s Dogs in the Building, Premises or Project, including, but not limited to, janitorial, waste disposal, landscaping, signage,
repair, and legal costs and expenses. In the event Landlord receives any verbal or written complaints from any other tenant or occupant of the Project in connection with health-related issues (e.g., allergies) related to the presence of
Tenant’s Dogs in the Premises, the Building or the Project, Landlord and Tenant shall promptly meet and mutually confer, in good faith, to determine appropriate mitigation measures to eliminate the causes of such complaints (which mitigation
measures may include, without limitation, additional and/or different air filters to be installed in the HVAC system for the Premises, or elsewhere in the Building), and Tenant shall cause such measures to be taken promptly at its sole cost or
expense. 

  
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 5.6.3    Indemnity. Tenant’s indemnities under
Section 10.1 below shall apply to any loss, cost, damage, expense, liability, or claim relating to any of Tenant’s Dogs. 

5.6.4    Rights Personal to Original Tenant. The right to bring Tenant’s Dogs into the Premises
pursuant to this Section 5.6 is personal to the Original Tenant and any Permitted Transferee. If Tenant assigns the Lease or sublets all or any portion of the Premises other than to a Permitted Transferee, then, as to the
entire Premises, upon such assignment, or, as to the portion of the Premises sublet, upon such subletting and until the expiration of such sublease, the right to bring Tenant’s Dogs into such portion of the Premises shall automatically
terminate and be of no further force or effect. 
 ARTICLE 6 

SERVICES AND UTILITIES 

6.1    Standard Tenant Services. Landlord shall provide the following services on all days (unless otherwise
stated below) during the Lease Term. 
 6.1.1    Subject to reasonable changes implemented by Landlord and all
governmental rules, regulations and guidelines applicable thereto, Landlord shall provide heating, ventilation and air conditioning (“HVAC”) when necessary for normal comfort for normal office use in the Premises from 7:00 A.M. to
6:00 P.M. Monday through Friday (collectively, the “Building Hours”), except for the date of observation of New Year’s Day, President’s Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day, Christmas Day and,
at Landlord’s reasonable discretion, other locally or nationally recognized holidays (collectively, the “Holidays”). 

6.1.2    Landlord shall provide adequate electrical wiring and facilities and power for normal general office use as
reasonably determined by Landlord, but not less than 5 watts per rentable square foot. Notwithstanding any provision to the contrary contained in this Lease, Tenant shall pay directly to Landlord per the submeters, the cost of all electricity
services provided to and/or consumed in the Premises (including normal and excess consumption and including the cost of electricity to operate the HVAC air handlers), which electricity shall be submetered as described above (or otherwise equitably
allocated and directly charged by Landlord to Tenant). Tenant shall pay such cost without mark-up (including the cost of such submeters to the extent installed by Landlord) within thirty (30) days after
demand and as Additional Rent under this Lease (and not as part of the Operating Expenses). Landlord shall designate the public utility provider for electricity from time to time. 

6.1.3    As part of Operating Expenses, Landlord shall replace lamps, starters and ballasts for Building standard lighting
fixtures within the Premises. In addition, Tenant shall bear the cost of replacement of lamps, starters and ballasts for non-Building standard lighting fixtures installed by or on behalf of Tenant within the
Premises. 
 6.1.4    Landlord shall provide city water from the regular Building outlets for drinking, lavatory and
toilet purposes in the Building Common Areas. 

  
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 6.1.5    Tenant shall be required to contract directly with
Landlord’s reasonably designated janitorial services provider to perform janitorial services and other cleaning to the Premises, including interior window washing, in a manner and on a cleaning schedule consistent with Landlord’s
reasonable janitorial specifications for the Building, and Tenant shall pay the cost of such contract directly to such janitorial services provider. Landlord shall have the right, from time to time upon at least thirty (30) days’ prior
notice to Tenant, to reasonably change its designated janitorial services provider for the Building, in which event Tenant shall terminate its contract with Landlord’s previously designated janitorial services provider and enter into a contract
with Landlord’s newly designated janitorial services provider. Landlord shall have the right to inspect the Premises for purposes of confirming that Tenant is cleaning the Premises as required by this Section 6.1.5,
and to require Tenant to provide additional cleaning, if necessary. In the event Tenant shall fail to provide any of the services described in this Section 6.1.5 within five (5) business days after notice from
Landlord, which notice shall not be required in the event of an emergency, then Landlord shall have the right to provide such services and any charge or cost incurred by Landlord in connection therewith shall be deemed Additional Rent due and
payable by Tenant upon receipt by Tenant of a written statement of cost from Landlord. Failure of Tenant to comply with any one or more of the foregoing provisions shall be deemed to be a default under this Lease, subject to the applicable notice
and cure period in Section 19.1. Landlord shall provide janitorial services to the Common Areas, which services shall include exterior window washing services in a manner consistent with other Comparable Buildings, the
costs of which shall be included in Operating Expenses. 
 6.1.6    Landlord shall provide nonexclusive, non-attended automatic passenger elevator service during the Building Hours, and shall have at least one elevator available at all other times. Landlord shall provide nonexclusive freight elevator service subject to
scheduling by Landlord. 
 Tenant shall cooperate fully with Landlord at all times and abide by all regulations and requirements that
Landlord may reasonably prescribe for the proper functioning and protection of the HVAC, electrical, mechanical and plumbing systems. 

6.2    Overstandard Tenant Use. Tenant shall not, without Landlord’s prior written consent, use
heat-generating machines, machines other than normal fractional horsepower office machines, or equipment or lighting other than Building standard lights in the Premises, which may affect the temperature otherwise maintained by the air conditioning
system or increase the water normally furnished for the Premises by Landlord pursuant to the terms of Section 6.1 of this Lease. If such consent is given, Landlord shall have the right to require installation of
supplementary air conditioning units or other facilities in the Premises, including supplementary or additional metering devices, at Tenant’s sole cost and expense, including the cost of installation, operation and maintenance, increased wear
and tear on existing equipment and other similar charges. If Tenant uses water, electricity, heat or air conditioning in excess of that supplied by Landlord pursuant to Section 6.1 of this Lease, Tenant shall pay to
Landlord, upon billing, the cost of such excess consumption, the cost of the installation, operation, and maintenance of equipment which is installed in order to supply such excess consumption (if such excess consumption is not ceased within 3 days
of written notice), and, if such excess consumption is not ceased within 3 days of written notice, the cost of the increased wear and tear on existing equipment caused by such excess consumption; and Landlord may install devices to

  
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separately meter any increased use and in such event Tenant shall pay the increased cost directly to Landlord, including the cost of such additional metering devices. Tenant’s use of
electricity shall never exceed the capacity of the feeders to the Project or the risers or wiring installation, and subject to the terms of Section 29.32, below, Tenant shall not install or use or permit the installation or
use of any computer or electronic data processing equipment in the Premises, without the prior written consent of Landlord. If Tenant desires to use heat, ventilation or air conditioning during hours other than those for which Landlord is obligated
to supply such utilities pursuant to the terms of Section 6.1 of this Lease, Tenant shall give Landlord such prior notice, if any, as Landlord shall from time to time reasonably establish as appropriate, of Tenant’s
desired use in order to supply such utilities, and Landlord shall supply such utilities to Tenant at such hourly cost to Tenant (which shall be treated as Additional Rent) as Landlord shall from time to time establish, which cost as of the date
hereof is, with respect to the period of time between November 1 and April 30, $280.00 per hour for HVAC services, and $80.00 per hour for fans only, and with respect to the period of time between May 1 and October 31, $390.00
per hour for HVAC services, and $110.00 per hour for fans only, provided that such rates shall be increased only to the extent that Landlord reasonably determines that Landlord’s cost of providing such after-hours utilities has increased after
the date of this Lease. 
 6.3    Interruption of Use. Except as otherwise expressly provided in this
Lease to the contrary, including Section 6.4 below, Tenant agrees that Landlord shall not be liable for damages, by abatement of Rent or otherwise, for failure to furnish or delay in furnishing any service (including
telephone and telecommunication services), or for any diminution in the quality or quantity thereof, when such failure or delay or diminution is occasioned, in whole or in part, by breakage, repairs, replacements, or improvements, by any strike,
lockout or other labor trouble, by inability to secure electricity, gas, water, or other fuel at the Building or Project after reasonable effort to do so, by any riot or other dangerous condition, emergency, accident or casualty whatsoever, by act
or default of Tenant or other parties, or by any other cause beyond Landlord’s reasonable control; and such failures or delays or diminution shall never be deemed to constitute an eviction or disturbance of Tenant’s use and possession of
the Premises or relieve Tenant from paying Rent or performing any of its obligations under this Lease, except as otherwise provided in Section 6.4 below. Furthermore, Landlord shall not be liable under any circumstances for
a loss of, or injury to, property or for injury to, or interference with, Tenant’s business, including, without limitation, loss of profits, however occurring, through or in connection with or incidental to a failure to furnish any of the
services or utilities as set forth in this Article 6. 
 6.4    Abatement Event.
If (i) Landlord fails to perform the obligations required of Landlord under the TCCs of this Lease, (ii) such failure causes all or a portion of the Premises to be untenantable and unusable by Tenant, and (iii) such failure relates to
(A) the nonfunctioning of the heat, ventilation, and air conditioning system in the Premises, the electricity in the Premises, the nonfunctioning of the elevator service to the Premises, or (B) a failure to provide access to the Premises,
Tenant shall give Landlord notice (the “Abatement Notice”), specifying such failure to perform by Landlord (the “Abatement Event”). If Landlord has not cured such Abatement Event within five (5) business days
after the receipt of the Abatement Notice, Tenant may, upon written notice to Landlord, immediately abate Rent payable under this Lease for that portion of the Premises rendered untenantable and not used by Tenant, for the period beginning on the
date five (5) business days after the Initial Notice to 

  
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the earlier of the date Landlord cures such Abatement Event or the date Tenant recommences the use of such portion of the Premises. Such right to abate Rent shall be Tenant’s sole and
exclusive remedy at law or in equity for an Abatement Event. Except as provided in this Section 6.4, nothing contained herein shall be interpreted to mean that Tenant is excused from paying Rent due hereunder. 

6.5    Tenant HVAC System. As a part of the “Improvements” (as defined in
Section 2.1 of the Work Letter) and subject to the terms of the Work Letter, or as an Alteration during the Lease Term, Tenant, at its sole expense, may install a supplemental HVAC system in the Premises for the purpose of
providing supplemental air-conditioning to the Premises (the “Tenant HVAC System”). All aspects of the Tenant HVAC System (including, but not limited to, any connection to the Building’s
condenser water system) shall be subject to Landlord’s prior written approval, which approval shall not be unreasonably withheld, conditioned or delayed, unless the Building Structure, the Building Systems, and/or the exterior appearance of the
Building will be negatively affected, in which event Landlord’s approval may be withheld in Landlord’s sole and absolute discretion. Subject to Landlord’s approval of Tenant’s HVAC System, Landlord shall allow Tenant to access
Tenant’s pro-rata share of Building condenser water (which pro-rata share shall be calculated based upon an allocation of Building condenser water to accommodate up
to ten (10) tons of supplemental cooling capacity per full floor of the Building), and in connection therewith, Tenant shall pay Landlord’s commercially reasonable prevailing rate for (a) the tap fee associated with such condenser
water, and (b) the condenser water utilized by Tenant. In connection with the Tenant HVAC System, Tenant shall at Tenant’s sole cost and expense, install separate meters or submeters and Landlord shall separately meter or submeter the
electricity utilized by the Tenant HVAC System. Tenant shall maintain such meters or submeters in good condition and operating order and keep in good repair and condition throughout the Lease Term. At Landlord’s election delivered at least
sixty (60) days prior to the expiration or earlier termination of this Lease, Tenant shall leave the Tenant HVAC System in the Premises upon the expiration or earlier termination of this Lease, in which event the Tenant HVAC System shall be
surrendered with the Premises upon the expiration or earlier termination of this Lease, and Tenant shall thereafter have no further rights with respect thereto. In the event that Landlord fails to elect to have the Tenant HVAC System left in the
Premises upon the expiration or earlier termination of this Lease, then Tenant shall remove the Tenant HVAC System prior to the expiration or earlier termination of this Lease, and repair all damage to the Building resulting from such removal, at
Tenant’s sole cost and expense. Tenant shall be solely responsible, at Tenant’s sole cost and expense, for the monitoring, operation, repair, replacement, and removal (subject to the foregoing terms of this
Section 6.5), of the Tenant HVAC System, and in no event shall the Tenant HVAC System interfere with Landlord’s operation of the Building. Any reimbursements owing by Tenant to Landlord pursuant to this
Section 6.5 shall be payable by Tenant within thirty (30) days of Tenant’s receipt of an invoice therefor. 

ARTICLE 7 

REPAIRS 
 Landlord shall
maintain in good condition and operating order and keep in good repair and condition the structural portions of the Building, including the foundation, floor/ceiling slabs, roof 

  
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structure (as opposed to roof membrane), curtain wall, exterior glass and mullions, columns, beams, shafts (including elevator shafts), stairs, stairwells, elevator cab, men’s and
women’s washrooms, Building mechanical, electrical and telephone closets, and all common and public areas servicing the Building, including the parking areas, landscaping and exterior Project signage (collectively, “Building
Structure”) and the Base Building mechanical, electrical, life safety, plumbing, sprinkler systems, roof membrane and HVAC systems which were not constructed by Tenant Parties (collectively, the “Building Systems”) and the
Project Common Areas. Subject to the terms of Article 11, Tenant shall be required to repair the Building Structure and/or the Building Systems to the extent caused due to Tenant’s negligence or willful misconduct,
unless and to the extent such damage is covered by insurance carried or required to be carried by Landlord pursuant to Article 10 and to which the waiver of subrogation is applicable (such obligation to the extent
applicable to Tenant as qualified and conditioned will hereinafter be defined as the “BS/BS Exception”). Tenant shall, at Tenant’s own expense, keep the Premises, including all improvements, fixtures, equipment, interior window
coverings and furnishings therein, and the floor or floors of the Building on which the Premises is located, in good order, repair and condition at all times during the Lease Term, but such obligation shall not extend to the Building Structure and
the Building Systems except pursuant to the BS/BS Exception. In addition, Tenant shall, at Tenant’s own expense, but under the supervision and subject to the prior approval of Landlord, and within any reasonable period of time specified by
Landlord, promptly and adequately repair all damage to the Premises and replace or repair all damaged, broken, or worn fixtures and appurtenances, but such obligation shall not extend to the Building Structure and the Building Systems except
pursuant to the BS/BS Exception, except for damage caused by ordinary wear and tear or beyond the reasonable control of Tenant; provided however, that, at Landlord’s option, or if Tenant fails to make such repairs, Landlord may, after written
notice to Tenant and Tenant’s failure to repair within five (5) days thereafter, but need not, make such repairs and replacements, and Tenant shall pay Landlord the cost thereof, including a percentage of the cost thereof (to be uniformly
established for the Building and/or the Project, but not in excess of five percent (5%)) sufficient to reimburse Landlord for all overhead, general conditions, fees and other costs or expenses arising from Landlord’s involvement with such
repairs and replacements forthwith upon being billed for same. Landlord may, but shall not be required to, enter the Premises at all reasonable times in accordance with the terms of Article 27 below to make such repairs,
alterations, improvements or additions to the Premises or to the Project or to any equipment located in the Project as Landlord shall desire or deem necessary or as Landlord may be required to do by governmental or quasi-governmental authority or
court order or decree; provided, however, except for (i) emergencies, (ii) repairs, alterations, improvements or additions required by governmental or quasi-governmental authorities or court order or decree, or (iii) repairs which are
the obligation of Tenant hereunder, any such entry into the Premises by Landlord shall be performed in a manner so as not to materially interfere with Tenant’s use of, or access to, the Premises; provided that, with respect to items
(ii) and (iii) above, Landlord shall use commercially reasonable efforts to not materially interfere with Tenant’s use of, or access to, the Premises. Tenant hereby waives any and all rights under and benefits of subsection 1 of
Section 1932 and Sections 1941 and 1942 of the California Civil Code or under any similar law, statute, or ordinance now or hereafter in effect. 

  
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 ARTICLE 8 

ADDITIONS AND ALTERATIONS 

8.1    Landlord’s Consent to Alterations. Tenant may not make any improvements, alterations, additions
or changes to the Premises or any mechanical, plumbing or HVAC facilities or systems pertaining to the Premises (collectively, the “Alterations”) without first procuring the prior written consent of Landlord to such Alterations,
which consent shall be requested by Tenant not less than fifteen (15) days prior to the commencement thereof, and which consent shall not be unreasonably withheld by Landlord, provided it shall be deemed reasonable for Landlord to withhold its
consent to any Alteration which adversely affects the structural portions or the systems or equipment of the Building or is visible from the exterior of the Building. Notwithstanding the foregoing, Tenant shall be permitted to make Alterations
following ten (10) business days’ notice to Landlord, but without Landlord’s prior consent, to the extent that such Alterations do not (i) adversely affect the systems and equipment of the Building, exterior appearance of the
Building, or structural aspects of the Building, (ii) adversely affect the value of the Premises or Building, (iii) require a building or construction permit, or (iv) cost more than Five and 00/100 Dollars ($5.00) per rentable square
foot of the affected area for a particular job of work on a particular floor of the Premises (the “Cosmetic Alterations”). The construction of the initial improvements to the Premises shall be governed by the terms of the Work
Letter and not the terms of this Article 8. 
 8.2    Manner of Construction.
Landlord may impose, as a condition of its consent to any and all Alterations or repairs of the Premises or about the Premises, such requirements as Landlord in its reasonable discretion may deem desirable, including, but not limited to, the
requirement that Tenant utilize for such purposes only contractors reasonably approved by Landlord, and any removal and/or restoration obligations required to be performed pursuant to the TCCs of Section 8.5 of this Lease.
If Landlord shall give its consent, the consent shall be deemed conditioned upon Tenant acquiring a permit (to the extent required) to do the work from appropriate governmental agencies, the furnishing of a copy of such permit to Landlord prior to
the commencement of the work, and the compliance by Tenant with all conditions of said permit in a prompt and expeditious manner. If such Alterations will involve the use of or disturb hazardous materials or substances existing in the Premises,
Tenant shall notify Landlord prior to performing such Alterations and comply with Landlord’s rules and regulations concerning such hazardous materials or substances. Tenant shall construct such Alterations and perform such repairs in a good and
workmanlike manner, in conformance with any and all applicable federal, state, county, local or municipal laws, ordinances, rules and regulations and pursuant to a valid building permit (to the extent required), issued by the city in which the
Building is located (or other applicable governmental authority), all in conformance with Landlord’s reasonable construction rules and regulations; provided, however, that prior to commencing to construct any Alteration, Tenant shall meet with
Landlord to discuss Landlord’s design parameters and code compliance issues. In the event Tenant performs any Alterations in the Premises which require or give rise to governmentally required changes to the “Base Building,” as that
term is defined below, then Landlord shall, at Tenant’s expense, make such changes to the Base Building. Since all or a portion of the Project is or may become in the future certified under the LEED rating system (or other applicable
certification standard) (all in Landlord’s sole and absolute discretion), Tenant expressly acknowledges and agrees that without 

  
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limitation as to other grounds for Landlord withholding its consent to any proposed Alteration, Landlord shall have the right to withhold its consent to any proposed Alteration in the event that
such Alteration is not compatible with such certification or recertification of the Project under such LEED rating system (or other applicable certification standard). The “Base Building” shall include the structural portions of the
Building, and the public restrooms, elevators, exit stairwells and the systems and equipment located in the internal core of the Building on the floor or floors on which the Premises is located. In performing the work of any such Alterations, Tenant
shall have the work performed in such manner so as not to obstruct access to the Project or any portion thereof, by any other tenant of the Project, and so as not to obstruct the business of Landlord or other tenants in the Project. Tenant shall
retain any union trades to the extent reasonably designated by Landlord. Further, Tenant shall not use (and upon notice from Landlord shall cease using) contractors, services, workmen, labor, materials or equipment that, in Landlord’s
reasonable judgment, would disturb labor harmony with the workforce or trades engaged in performing other work, labor or services in or about the Building or the Common Areas. In addition to Tenant’s obligations under
Article 9 of this Lease, upon completion of any Alterations, Tenant agrees to cause a Notice of Completion to be recorded in the office of the Recorder of the County of San Francisco in accordance with Section 8182 of
the Civil Code of the State of California or any successor statute, and as a condition precedent to the enforceability and validity of Landlord’s consent, Tenant shall deliver to the management office for the Project a reproducible copy of the
“as built” and CAD drawings of the Alterations, to the extent applicable, as well as all permits, approvals and other documents issued by any governmental agency in connection with the Alterations. 

8.3    Payment for Improvements. With respect to payments to be made to Tenant’s contractors for any
Alterations, Tenant shall (i) comply with Landlord’s requirements for final lien releases and waivers in connection with Tenant’s payment for work to contractors, and (ii) sign Landlord’s standard contractor’s rules and
regulations. In addition, in connection with all Alterations (other than Cosmetic Alterations), Tenant shall pay Landlord an oversight fee equal to three percent (3%) of the cost of the work, and reimburse Landlord for Landlord’s reasonable,
actual, out-of-pocket costs and expenses actually incurred in connection with Landlord’s review of such work. 

8.4    Construction Insurance. In addition to the requirements of Article 10 of
this Lease, in the event that Tenant makes any Alterations, prior to the commencement of such Alterations, Tenant shall provide Landlord with evidence that Tenant or its general contractor carries “Builder’s Risk” insurance in an
amount reasonably approved by Landlord covering the construction of such Alterations, and such other insurance as Landlord may reasonably require, it being understood and agreed that all of such Alterations shall be insured by Tenant pursuant to
Article 10 of this Lease immediately upon completion thereof. In addition, and to the extent the Alterations are anticipated to cost in excess of $350,000.00, Landlord may, in its reasonable discretion, require Tenant to
demonstrate immediately available funds earmarked for such expenditures or to otherwise obtain a lien and completion bond or some alternate form of security reasonably satisfactory to Landlord in an amount sufficient to ensure the lien-free
completion of such Alterations and naming Landlord as a co-obligee. 

  
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 8.5    Landlord’s Property. Landlord and Tenant
hereby acknowledge and agree that (i) all Alterations, fixtures, equipment and/or appurtenances which may be installed or placed in or about the Premises (excluding Tenant’s removable trade fixtures, furniture or non-affixed office equipment), from time to time, shall be at the sole cost of Tenant and shall be and become part of the Premises and the property of Landlord, and (ii) the “Improvements” (as that
term is defined in Section 2.1 of the Work Letter) to be constructed in the Premises pursuant to the TCCs of the Work Letter shall, upon completion of the same, be and become a part of the Premises and the property of
Landlord. Furthermore, Landlord may, by written notice to Tenant given at the time Landlord provides its consent (if any) to proposed Alterations or Improvements, as applicable, require Tenant, at Tenant’s expense, to remove any Alterations or
Improvements in the Premises which are “Specialty Improvements” (as defined hereinbelow), and to repair any damage to the Premises and Building caused by such removal and return the affected portion of the Premises to its condition
immediately prior to the installation of such Specialty Improvements. If Tenant fails to complete such removal and/or to repair any damage caused by the removal of any Specialty Improvements in the Premises, and/or to return the affected portion of
the Premises to its condition immediately prior to the installation of such Specialty Improvements, then at Landlord’s option, either (A) Rent shall continue to accrue at the reasonable rental value of the Premises (but not in excess of
the Rent set forth in Article 16, below), until the earlier to occur of (1) the date such work shall be completed by Tenant, or (2) if Landlord elects to perform such work under item (B) hereof, then the date
Landlord would reasonably be expected to complete such work at Tenant’s expense, and/or (B) Landlord may do so and may charge the reasonable cost thereof to Tenant, provided that Landlord shall not have the right to elect item (A) of
this sentence with respect to any Specialty Improvements that are designated for removal by Landlord and which Tenant fails to remove which are of an immaterial nature (including, without limitation, with respect to the ease and cost of such
removal) individually or in the aggregate, which determination shall be made in Landlord’s sole, but good faith, discretion. “Specialty Improvements” means any Alterations or Improvements other than normal and customary general
office improvements. Notwithstanding the foregoing, “Specialty Improvements” (i) shall not include conference rooms, or Cosmetic Alterations and (ii) shall include (a) any Alterations or Improvements which affect the
Base Building, (b) any kitchens (other than basic office kitchens), showers, restrooms, washrooms or similar facilities in the Premises that are not part of the Base Building, (c) any Lines (as that term is defined in
Section 29.32 below), (d) any other items or fixtures which Tenant is expressly required to remove pursuant to the terms of this Lease. Notwithstanding the foregoing, Tenant shall have the right to install (subject to
Landlord’s approval rights under this Lease and the Work Letter), without an obligation to remove, up to two (2) gender-neutral restrooms per floor of the Premises. Tenant hereby protects, defends, indemnifies and holds Landlord harmless
from any liability, cost, obligation, expense or claim of lien in any manner relating to the installation, placement, removal or financing of any such Alterations, improvements, fixtures and/or equipment in, on or about the Premises, which
obligations of Tenant shall survive the expiration or earlier termination of this Lease. 

  
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 ARTICLE 9 

COVENANT AGAINST LIENS 

Tenant shall keep the Project and Premises free from any liens or encumbrances arising out of the work performed, materials furnished or
obligations incurred by or on behalf of Tenant, and shall protect, defend, indemnify and hold Landlord harmless from and against any claims, liabilities, judgments or costs (including, without limitation, reasonable attorneys’ fees and costs)
arising out of same or in connection therewith. Tenant shall give Landlord notice at least fifteen (15) days prior to the commencement of any such work on the Premises (or such additional time as may be necessary under applicable laws) to
afford Landlord the opportunity of posting and recording appropriate notices of non-responsibility. Tenant shall remove any such lien or encumbrance by bond or otherwise within five (5) days after notice
by Landlord, and if Tenant shall fail to do so, Landlord may pay the amount necessary to remove such lien or encumbrance, without being responsible for investigating the validity thereof. The amount so paid shall be deemed Additional Rent under this
Lease payable upon demand, without limitation as to other remedies available to Landlord under this Lease. Nothing contained in this Lease shall authorize Tenant to do any act which shall subject Landlord’s title to the Building or Premises to
any liens or encumbrances whether claimed by operation of law or express or implied contract. Any claim to a lien or encumbrance upon the Building or Premises arising in connection with any such work or respecting the Premises not performed by or at
the request of Landlord shall be null and void, or at Landlord’s option shall attach only against Tenant’s interest in the Premises and shall in all respects be subordinate to Landlord’s title to the Project, Building and Premises.

 ARTICLE 10 

INDEMNIFICATION AND INSURANCE 

10.1    Indemnification and Waiver. Except to the extent of the gross negligence or willful misconduct of
Landlord or any Landlord Parties, Tenant hereby assumes all risk of damage to property or injury to persons in, upon or about the Premises from any cause whatsoever and agrees that Landlord, its partners, subpartners and their respective officers,
agents, servants, employees, and independent contractors (collectively, “Landlord Parties”) shall not be liable for, and are hereby released from any responsibility for, any damage either to person or property or resulting from the
loss of use thereof, which damage is sustained by Tenant or by other persons claiming through Tenant. Except to the extent of the gross negligence or willful misconduct of Landlord or any Landlord Parties, Tenant shall indemnify, defend, protect,
and hold harmless the Landlord Parties from and against any and all loss, cost, damage, expense and liability (including without limitation court costs and reasonable attorneys’ fees) incurred in connection with or arising from: (a) any
causes in, on or about the Premises during the Lease Term or Tenant’s holdover in the Premises; (b) the use or occupancy of the Premises by Tenant or any person claiming under Tenant; (c) any activity, work, or thing done, or
permitted or suffered by Tenant in or about the Premises; (d) any acts, omission, or negligence of Tenant or any person claiming under Tenant, or the contractors, agents, employees, invitees, or visitors of Tenant or any such person, in, on or
about the Project (collectively, “Tenant Parties”); (e) any breach, violation, or non-performance by Tenant or any person claiming under Tenant or the

  
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employees, agents, contractors, invitees, or visitors of Tenant or any such person of any term, covenant, or provision of this Lease or any law, ordinance, or governmental requirement of any
kind; (f) any injury or damage to the person, property, or business of Tenant, its employees, agents, contractors, invitees, visitors, or any other person entering upon the Premises under the express or implied invitation of Tenant; or
(g) the placement of any personal property or other items within the Premises. Should Landlord be named as a defendant in any suit brought against Tenant in connection with or arising out of Tenant’s occupancy of the Premises, Tenant shall
pay to Landlord its reasonable costs and expenses incurred in such suit, including without limitation, its actual and reasonable professional fees such as appraisers’, accountants’ and attorneys’ fees. Further, Tenant’s agreement
to indemnify Landlord pursuant to this Section 10.1 is not intended and shall not relieve any insurance carrier of its obligations under policies required to be carried by Tenant pursuant to the provisions of this Lease, to
the extent such policies cover the matters subject to Tenant’s indemnification obligations; nor shall they supersede any inconsistent agreement of the parties set forth in any other provision of this Lease. The provisions of this
Section 10.1 shall survive the expiration or sooner termination of this Lease with respect to any claims or liability arising in connection with any event occurring prior to such expiration or termination. 

10.2    Tenant’s Compliance With Landlord’s Fire and Casualty Insurance. Tenant shall, at
Tenant’s expense, comply with Landlord’s insurance company requirements pertaining to the use of the Premises. If Tenant’s particular conduct or use of the Premises causes any increase in the premium for such insurance policies then
Tenant shall reimburse Landlord for any such increase. Tenant, at Tenant’s expense, shall comply with all rules, orders, regulations or requirements of the American Insurance Association (formerly the National Board of Fire Underwriters) and
with any similar body. 
 10.3    Tenant’s Insurance. Throughout the Lease Term, Tenant shall
maintain the following coverages in the following amounts. The required evidence of coverage must be delivered to Landlord on or before the date required under Section 10.4(I)
sub-sections (x) and (y), or Section 10.4(II) below (as applicable). Such policies shall be for a term of at least one (1) year, or the length of the remaining
term of this Lease, whichever is less. 
 10.3.1    Commercial General Liability Insurance, including Broad Form
contractual liability covering the insured against claims of bodily injury, personal injury and property damage (including loss of use thereof) based upon or arising out of Tenant’s operations, occupancy or maintenance of the Project and all
areas appurtenant thereto. In the event Tenant desires to allow the consumption of alcohol on the Rooftop Decks, Tenant’s Commercial General Liability Insurance shall include Host Liquor Liability coverage. Such insurance shall be written on an
“occurrence” basis. Landlord and any other party the Landlord so specifies that has a material financial interest in the Project, including Landlord’s managing agent, ground lessor and/or lender, if any, shall be named as additional
insureds as their interests may appear using Insurance Service Organization’s form CG2011 or a comparable form approved by Landlord. Tenant shall provide an endorsement or policy excerpt showing that Tenant’s coverage is primary and any
insurance carried by Landlord shall be excess and non-contributing. The coverage shall also be extended to include damage caused by heat, smoke or fumes from a hostile fire. The policy shall not contain any
intra-insured exclusions as between insured persons or organizations. This policy shall include coverage for all liabilities assumed under this Lease 

  
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as an insured contract for the performance of all of Tenant’s indemnity obligations under this Lease. The limits of said insurance shall not, however, limit the liability of Tenant nor
relieve Tenant of any obligation hereunder. Limits of liability insurance shall not be less than the following; provided, however, such limits may be achieved through the use of an Umbrella/Excess Policy: 

 

					
	 Bodily Injury and Property Damage Liability
	  	$	15,000,000 each occurrence	 
		
	 Personal Injury and Advertising Liability
	  	$	15,000,000 each occurrence	 
		
	 Tenant Legal Liability/Damage to Rented Premises Liability
	  	$	1,000,000	 

 10.3.2    Property Insurance covering (i) all office furniture, personal property,
business and trade fixtures, office equipment, free-standing cabinet work, movable partitions, merchandise and all other items of Tenant’s business personal property on the Premises installed by, for, or at the expense of Tenant, (ii) the
Improvements, and any other improvements which exist in the Premises as of the Lease Commencement Date (excluding the Base Building) (the “Original Improvements”), and (iii) all Alterations performed in the Premises. Such
insurance shall be written on a Special Form basis, for the full replacement cost value (subject to reasonable deductible amounts), without deduction for depreciation of the covered items and in amounts that meet any
co-insurance clauses of the policies of insurance and shall include coverage for (a) all perils included in the CP 10 30 04 02 Coverage Special Form, and (b) water damage from any cause whatsoever,
including, but not limited to, sprinkler leakage, bursting, leaking or stoppage of any pipes, explosion, and backup or overflow from sewers or drains. 

10.3.2.1    Increase in Project’s Property Insurance. Tenant shall pay for any increase in the
premiums for the property insurance of the Project if said increase is caused by Tenant’s acts, omissions, use or occupancy of the Premises. 

10.3.2.2    Property Damage. Tenant shall use the proceeds from any such insurance for the replacement of
personal property, trade fixtures, Improvements, Original Improvements and Alterations. 
 10.3.2.3    No
Representation of Adequate Coverage. Landlord makes no representation that the limits or forms of coverage of insurance specified herein are adequate to cover Tenant’s property, business operations or obligations under this Lease. 

10.3.2.4    Property Insurance Subrogation. Landlord and Tenant intend that their respective property loss
risks shall be borne by insurance carriers to the extent above provided (and, in the case of Tenant, by an insurance carrier satisfying the requirements of Section 10.4(i) below), and Landlord and Tenant hereby agree to
look solely to, and seek recovery only from, their respective insurance carriers in the event of a property loss to the extent that such coverage is agreed to be provided hereunder or otherwise carried. The parties each hereby waive all rights and
claims against each other for such losses, and waive all rights of subrogation of their respective insurers. Landlord and Tenant hereby represent and warrant that their respective “all risk”

  
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property insurance policies include a waiver of (i) subrogation by the insurers, and (ii) all rights based upon an assignment from its insured, against Landlord and/or any of the
Landlord Parties or Tenant and/or any of the Tenant Parties (as the case may be) in connection with any property loss risk thereby insured against. Tenant will cause all subtenants and licensees of the Premises claiming by, under, or through Tenant
to execute and deliver to Landlord a waiver of claims similar to the waiver in this Section 10.3.2.4 and to obtain such waiver of subrogation rights endorsements. If either party hereto fails to maintain the waivers set
forth in items (i) and (ii) above, the party not maintaining the requisite waivers shall indemnify, defend, protect, and hold harmless the other party for, from and against any and all claims, losses, costs, damages, expenses and
liabilities (including, without limitation, court costs and reasonable attorneys’ fees) arising out of, resulting from, or relating to, such failure. 

10.3.3    Business Income Interruption for one year (1) plus Extra Expense insurance in such amounts as will
reimburse Tenant for actual direct or indirect loss of earnings attributable to the risks outlined in Section 10.3.2 above. 

10.3.4    Worker’s Compensation or other similar insurance pursuant to all applicable state and local statutes and
regulations, and Employer’s Liability with minimum limits of not less than $1,000,000 each accident/employee/disease. 

10.3.5    Commercial Automobile Liability Insurance covering all Owned (if any), Hired, or
Non-owned vehicles with limits not less than $1,000,000 combined single limit for bodily injury and property damage. 

10.4    Form of Policies. The minimum limits of policies of insurance required of Tenant under this Lease
shall in no event limit the liability of Tenant under this Lease. Such insurance shall (i) be issued by an insurance company having an AM Best rating of not less than A-VIII (or to the extent AM Best
ratings are no longer available, then a similar rating from another comparable rating agency), or which is otherwise reasonably acceptable to Landlord and licensed to do business in the State of California, (ii) be in form and content
reasonably acceptable to Landlord and complying with the requirements of Section 10.3 (including, Sections 10.3.1 through 10.3.5), and (iii) Tenant shall not do or permit to be done
anything which invalidates the required insurance policies. Tenant hereby covenants that in the event of any non-renewal or cancellation of the policies of insurance required herein, Tenant shall provide
Landlord with notice of such cancellation immediately upon Tenant’s first becoming aware of such cancellation or non-renewal. Tenant shall deliver said policy or policies or certificates thereof and
applicable endorsements which meet the requirements of this Article 10 to Landlord on or before (I) the earlier to occur of: (x) the Lease Commencement Date, and (y) the date Tenant and/or its employees,
contractors and/or agents first enter the Premises for occupancy, construction of improvements, alterations, or any other move-in activities, and (II) five (5) business days after the renewal of such
policies. In the event Tenant shall fail to procure such insurance, or to deliver such policies or certificates and applicable endorsements, Landlord may, at its option, after written notice to Tenant and Tenant’s failure to obtain such
insurance within five (5) days thereafter, procure such policies for the account of Tenant and the sole benefit of Landlord, and the cost thereof shall be paid to Landlord after delivery to Tenant of bills therefor. 

  
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 10.5    Additional Insurance Obligations. Tenant shall
carry and maintain during the entire Lease Term, at Tenant’s sole cost and expense, increased amounts of the insurance required to be carried by Tenant pursuant to this Article 10 and such other reasonable types of
insurance coverage and in such reasonable amounts covering the Premises and Tenant’s operations therein, as may be reasonably requested by Landlord; provided, however, such increases shall not occur more than once every five (5) years, nor
during the first five (5) years of the initial Lease Term. 
 10.6    Third-Party Contractors. Tenant
shall obtain and deliver to Landlord, Third Party Contractor’s certificates of insurance and applicable endorsements at least seven (7) business days prior to the commencement of work in or about the Premises by any general contractor or
mechanical, electrical or plumbing sub-contractors (collectively, a “Third Party Contractor”). All such insurance shall (a) name Landlord as an additional insured under such party’s
liability policies as required by Section 10.3.1 above and this Section 10.6, (b) provide a waiver of subrogation in favor of Landlord under such Third Party Contractor’s commercial
general liability insurance, (c) be primary and any insurance carried by Landlord shall be excess and non-contributing, and (d) comply with Landlord’s commercially reasonable insurance
requirements consistent with the terms of this Article 10. 
 10.7    Landlord’s
Fire, Casualty, and Liability Insurance. Landlord shall, from the Lease Commencement Date and continuing until the Lease Expiration Date, maintain in effect the following insurance: (i) physical damage insurance (including a rental loss
endorsement) providing coverage in the event of fire, vandalism, malicious mischief and all other risks normally covered under “special form” policies in the geographical area of the Project, covering the Building (excluding, at
Landlord’s option, the property required to be insured by Tenant pursuant to Section 10.3, above) in an amount not less than one hundred percent (100%) of the full replacement value (less reasonable deductibles) of the
Project, together with such other risks as Landlord may from time to time determine (provided however, that Landlord shall have the right, but not the obligation, to obtain earthquake and/or flood insurance); (ii) commercial general liability
insurance, including a Commercial Broad Form Endorsement or the equivalent in the amount of at least Five Million Dollars ($5,000,000.00), against claims of bodily injury, personal injury or property damage arising out of Landlord’s operations,
assumed liabilities (including the liabilities assumed by Landlord under this Lease), contractual liabilities, or use of the Project; and (iii) workers’ compensation insurance as required by law. Such coverages may be carried under blanket
and/or umbrella policies. 
 ARTICLE 11 

DAMAGE AND DESTRUCTION 

11.1    Repair of Damage to Premises by Landlord. If the Base Building, the structural portion of the
Rooftop Deck, or any Common Areas serving or providing access to the Premises shall be damaged by a fire or any other casualty (collectively, a “Casualty”), Landlord shall promptly and diligently, subject to reasonable delays for
insurance adjustment or other matters beyond Landlord’s reasonable control, and subject to all other terms of this Article 11, restore the Base Building, the structural portion of the Rooftop Deck, and such Common
Areas. Such restoration shall be to 

  
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substantially the same condition of the Base Building, the structural portion of the Rooftop Deck, and the Common Areas prior to the Casualty, except for modifications required by zoning and
building codes and other laws or by the holder of a mortgage on the Building or Project or any other modifications to the Common Areas deemed desirable by Landlord, which are consistent with the character of the Project, provided that access to the
Premises and any common restrooms serving the Premises shall not be materially impaired. Tenant shall promptly notify Landlord upon the occurrence of any damage to the Premises resulting from a Casualty, and Tenant shall promptly inform its
insurance carrier of any such damage. Upon notice (the “Landlord Repair Notice”) to Tenant from Landlord, Tenant shall assign to Landlord (or to any party designated by Landlord) all insurance proceeds payable to Tenant under
Tenant’s insurance required under Sections 10.3.2(ii) and (iii) of this Lease, and Landlord shall repair any injury or damage to the Improvements, Alterations and the Original Improvements installed in the
Premises and shall return such Improvements, Alterations and the Original Improvements to their original condition; provided that if the cost of such repair by Landlord exceeds the amount of insurance proceeds received by Landlord from Tenant’s
insurance carrier, as assigned by Tenant, the cost of such repairs shall be paid by Tenant to Landlord prior to Landlord’s commencement of repair of the damage. In the event that Landlord does not deliver the Landlord Repair Notice within sixty
(60) days following the date the Casualty becomes known to Landlord, Tenant shall, at its sole cost and expense, repair any injury or damage to the Improvements and the Original Improvements installed in the Premises and shall return such
Improvements and Original Improvements to their original condition. Whether or not Landlord delivers a Landlord Repair Notice, prior to the commencement of construction, Tenant shall submit to Landlord, for Landlord’s review and reasonable
approval, all plans, specifications and working drawings relating thereto, and Landlord shall reasonably select the contractors to perform such improvement work. Landlord shall not be liable for any inconvenience or annoyance to Tenant or its
visitors, or injury to Tenant’s business resulting in any way from such damage or the repair thereof; provided however, that if such Casualty shall have damaged the Premises or Common Areas necessary to Tenant’s occupancy, and the Premises
is not occupied by Tenant as a result thereof, then during the time and to the extent the Premises is unfit for occupancy or inaccessible, the Rent shall be abated in proportion to the ratio that the amount of rentable square feet of the Premises
which is unfit for occupancy for the purposes permitted under this Lease bears to the total rentable square feet of the Premises. In the event that Landlord shall not deliver the Landlord Repair Notice, Tenant’s right to rent abatement pursuant
to the preceding sentence shall terminate as of the date which is reasonably determined by Landlord to be the date Tenant should have completed repairs to the Premises assuming Tenant used reasonable due diligence in connection therewith. 

11.2    Landlord’s Option to Repair. Notwithstanding the terms of
Section 11.1 of this Lease, Landlord may elect not to rebuild and/or restore the Premises, Building and/or Project, and instead terminate this Lease, by notifying Tenant in writing of such termination within sixty
(60) days after the date of discovery of the damage, such notice to include a termination date giving Tenant ninety (90) days to vacate the Premises, but Landlord may so elect only if the Building or Project shall be damaged by Casualty,
whether or not the Premises is affected, and one or more of the following conditions is present: (i) in Landlord’s commercially reasonable judgment, repairs cannot reasonably be completed within two hundred seventy (270) days after
the date of discovery of the damage (when such repairs are made without the payment of overtime or other premiums); (ii) the holder of any 

  
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mortgage on the Building or Project or ground lessor with respect to the Building or Project shall require that the insurance proceeds or any portion thereof be used to retire the mortgage debt,
or shall terminate the ground lease, as the case may be; (iii) the damage is not fully covered by Landlord’s insurance policies (excluding deductible amounts) and the cost to repair exceeds One Million and 00/100 Dollars ($1,000,000.00);
or (iv) the damage occurs during the last twelve (12) months of the Lease Term and cannot be repaired within sixty (60) days; provided, however, that if the Premises and/or access thereto are materially damaged by Casualty, and
Landlord does not elect to terminate this Lease pursuant to Landlord’s termination right as provided above, and either the repairs cannot be completed within two hundred seventy (270) days after the date of discovery of the damage or the
damage occurs during the last twelve (12) months of the Lease Term, Tenant may elect, not later than ninety (90) days after the date of such damage, to terminate this Lease by written notice to Landlord effective as of the date specified
in the notice, which date shall not be more than sixty (60) days after the date such notice is given by Tenant. Furthermore, if neither Landlord nor Tenant has terminated this Lease, and the repairs are not actually completed within sixty
(60) days of the date that Landlord originally estimated for completion in “Landlord’s Repair Estimate Notice” (as that term is defined hereinbelow), then Tenant shall have the right to terminate this Lease during the first five
(5) business days of each calendar month following the end of such period until such time as the repairs are complete, by notice to Landlord (the “Damage Termination Notice”), effective as of a date set forth in the Damage
Termination Notice (the “Damage Termination Date”), which Damage Termination Date shall not be less than ten (10) business days following the end of each such month. Notwithstanding the foregoing, if Tenant delivers a Damage
Termination Notice to Landlord, then Landlord shall have the right to suspend the occurrence of the Damage Termination Date for a period ending thirty (30) days after the Damage Termination Date set forth in the Damage Termination Notice by
delivering to Tenant, within five (5) business days of Landlord’s receipt of the Damage Termination Notice, a certificate of Landlord’s contractor responsible for the repair of the damage certifying that it is such contractor’s
good faith judgment that the repairs shall be substantially completed within thirty (30) days after the Damage Termination Date. If repairs shall be substantially completed prior to the expiration of such
thirty-day period, then the Damage Termination Notice shall be of no force or effect, but if the repairs shall not be substantially completed within such thirty-day
period, then this Lease shall terminate upon the expiration of such thirty-day period. At any time, from time to time, after the date occurring sixty (60) days after the date of the damage, Tenant may
request that Landlord inform Tenant of Landlord’s reasonable opinion of the date of completion of the repairs and Landlord shall respond to such request within five (5) business days (“Landlord’s Repair Estimate
Notice”). Notwithstanding the provisions of this Section 11.2, Tenant shall have the right to terminate this Lease under this Section 11.2 only if each of the following conditions is
satisfied: (a) the damage to the Project by Casualty was not caused by the gross negligence or intentional misconduct of Tenant or its partners or subpartners and their respective officers, agents, servants, employees, and independent
contractors; (b) Tenant is not then in default under this Lease beyond any applicable notice and cure period; (c) as a result of the damage, Tenant cannot reasonably conduct business from the Premises; and, (d) as a result of the
damage to the Project, Tenant does not occupy or use the Premises at all. In the event this Lease is terminated in accordance with the terms of this Section 11.2, Tenant shall assign to Landlord (or to any party designated
by Landlord) all insurance proceeds payable to Tenant under Tenant’s insurance required under Section 10.3.2(ii) and (iii) of this Lease, provided that Tenant shall be entitled to retain a portion of the
insurance proceeds, if any, in excess of the sum of 

  
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(i) $5,366,805.00 (i.e., the Suite 800 Allowance, the Suite 700 Allowance, and the Suite 200 Allowance) with respect to the Phase 1 Premises, (ii) $3,737,325.00 (i.e., the Suite 300
Allowance) with respect to the Suite 300 Premises, (iii) $953,175.00 (i.e., the Suite 750 Allowance) with respect to the Suite 750 Premises, and (iv) $2,987,325.00 (i.e., the Suite 900 Allowance) with respect to the Suite 900 Premises (the
“Excess Proceeds”). Tenant shall be entitled to retain the portion of the Excess Proceeds which is equal to the product of (i) a fraction, the numerator of which is the number of months in the Lease Term which would be
remaining as of the date of the Casualty, and the denominator of which is the total number of months in the Lease Term, and (ii) the amount of the Excess Proceeds. 

11.3    Waiver of Statutory Provisions. The provisions of this Lease, including this
Article 11, constitute an express agreement between Landlord and Tenant with respect to any and all damage to, or destruction of, all or any part of the Premises, the Building or the Project, and any statute or regulation
of the State of California, including, without limitation, Sections 1932(2) and 1933(4) of the California Civil Code, with respect to any rights or obligations concerning damage or destruction in the absence of an express agreement between the
parties, and any other statute or regulation, now or hereafter in effect, shall have no application to this Lease or any damage or destruction to all or any part of the Premises, the Building or the Project. 

ARTICLE 12 

NONWAIVER 
 No provision
of this Lease shall be deemed waived by either party hereto unless expressly waived in a writing signed thereby. The waiver by either party hereto of any breach of any term, covenant or condition herein contained shall not be deemed to be a waiver
of any subsequent breach of same or any other term, covenant or condition herein contained. The subsequent acceptance of Rent hereunder by Landlord shall not be deemed to be a waiver of any preceding breach by Tenant of any term, covenant or
condition of this Lease, other than the failure of Tenant to pay the particular Rent so accepted, regardless of Landlord’s knowledge of such preceding breach at the time of acceptance of such Rent. No acceptance of a lesser amount than the Rent
herein stipulated shall be deemed a waiver of Landlord’s right to receive the full amount due, nor shall any endorsement or statement on any check or payment or any letter accompanying such check or payment be deemed an accord and satisfaction,
and Landlord may accept such check or payment without prejudice to Landlord’s right to recover the full amount due. No receipt of monies by Landlord from Tenant after the termination of this Lease shall in any way alter the length of the Lease
Term or of Tenant’s right of possession hereunder, or after the giving of any notice shall reinstate, continue or extend the Lease Term or affect any notice given Tenant prior to the receipt of such monies, it being agreed that after the
service of notice or the commencement of a suit, or after final judgment for possession of the Premises, Landlord may receive and collect any Rent due, and the payment of said Rent shall not waive or affect said notice, suit or judgment. 

  
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 ARTICLE 13 

CONDEMNATION 
 If the
whole or any part of the Premises, Building or Project shall be taken by power of eminent domain or condemned by any competent authority for any public or quasi-public use or purpose, or if any adjacent property or street shall be so taken or
condemned, or reconfigured or vacated by such authority in such manner as to require the use, reconstruction or remodeling of any part of the Premises, Building or Project, or if Landlord shall grant a deed or other instrument in lieu of such taking
by eminent domain or condemnation, Landlord shall have the option to terminate this Lease effective as of the date possession is required to be surrendered to the authority. If more than twenty-five percent (25%) of the rentable square feet of the
Premises is taken, or if access to the Premises is substantially impaired, in each case for a period in excess of one hundred eighty (180) days, Tenant shall have the option to terminate this Lease effective as of the date possession is
required to be surrendered to the authority. Tenant shall not because of such taking assert any claim against Landlord or the authority for any compensation because of such taking and Landlord shall be entitled to the entire award or payment in
connection therewith, except that Tenant shall have the right to file any separate claim available to Tenant for any taking of Tenant’s personal property and fixtures belonging to Tenant and removable by Tenant upon expiration of the Lease Term
pursuant to the terms of this Lease, and for moving expenses, so long as such claims do not diminish the award available to Landlord, its ground lessor with respect to the Building or Project or its mortgagee, and such claim is payable separately to
Tenant. All Rent shall be apportioned as of the date of such termination. If any part of the Premises shall be taken, and this Lease shall not be so terminated, the Rent shall be proportionately abated. Tenant hereby waives any and all rights it
might otherwise have pursuant to Section 1265.130 of The California Code of Civil Procedure. Notwithstanding anything to the contrary contained in this Article 13, in the event of a temporary taking of all or any
portion of the Premises for a period of one hundred and eighty (180) days or less, then this Lease shall not terminate but the Base Rent and the Additional Rent shall be abated for the period of such taking in proportion to the ratio that the
amount of rentable square feet of the Premises taken bears to the total rentable square feet of the Premises. Landlord shall be entitled to receive the entire award made in connection with any such temporary taking. 

ARTICLE 14 

ASSIGNMENT AND SUBLETTING 

14.1    Transfers. Tenant shall not, without the prior written consent of Landlord, assign, mortgage,
pledge, hypothecate, encumber, or permit any lien to attach to, or otherwise transfer, this Lease or any interest hereunder, permit any assignment, or other transfer of this Lease or any interest hereunder by operation of law, sublet the Premises or
any part thereof, or enter into any license or concession agreements or otherwise permit the occupancy or use of the Premises or any part thereof by any persons other than Tenant and its employees and contractors (all of the foregoing are
hereinafter sometimes referred to collectively as “Transfers” and any person or entity to whom any Transfer is made or sought to be made is hereinafter sometimes referred to as a “Transferee”). If Tenant desires

  
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Landlord’s consent to any Transfer, Tenant shall notify Landlord in writing, which notice (the “Transfer Notice”) shall include (i) the proposed effective date of the
Transfer, which shall not be less than fifteen (15) days nor more than two hundred seventy (270) days after the date of delivery of the Transfer Notice, (ii) a description of the portion of the Premises to be transferred (the
“Subject Space”), (iii) all of the terms of the proposed Transfer and the consideration therefor, including calculation of the “Transfer Premium”, as that term is defined in
Section 14.3 below, in connection with such Transfer, the name and address of the proposed Transferee, and a copy of all existing executed and/or proposed documentation pertaining to the proposed Transfer, including all
existing operative documents to be executed to evidence such Transfer or the agreements incidental or related to such Transfer, and (iv) current financial statements of the proposed Transferee certified by an officer, partner or owner thereof,
business credit and personal references and history of the proposed Transferee and any other information reasonably required by Landlord which will enable Landlord to determine the financial responsibility, character, and reputation of the proposed
Transferee, nature of such Transferee’s business and proposed use of the Subject Space. Any Transfer made without Landlord’s prior written consent shall, at Landlord’s option, be null, void and of no effect, and shall, at
Landlord’s option, constitute a default by Tenant under this Lease. Whether or not Landlord consents to any particular, proposed Transfer, Tenant shall pay Landlord’s review and processing fees (not to exceed Five Hundred Dollars
($500.00), as well as any reasonable professional fees (including, without limitation, attorneys’, accountants’, architects’, engineers’ and consultants’ fees, but not in excess of Three Thousand Five Hundred Dollars
($3,500.00) in the aggregate) incurred by Landlord, within thirty (30) days after written request by Landlord. 

14.2    Landlord’s Consent. Landlord shall not unreasonably withhold its consent to any proposed
Transfer of the Subject Space to the Transferee on the terms specified in the Transfer Notice, and shall grant or withhold its consent within twenty (20) days following Landlord’s receipt of a complete Transfer Notice. If Landlord fails to
respond within such twenty (20) day period, then Tenant may send Landlord a reminder notice setting forth such failure containing the following sentence at the top of such notice in bold, capitalized font at least twelve (12) points in
size: “LANDLORD’S FAILURE TO RESPOND TO THIS NOTICE WITHIN FIVE (5) BUSINESS DAYS SHALL RESULT IN LANDLORD’S DEEMED APPROVAL OF TENANT’S REQUEST FOR TRANSFER” (the “Transfer Reminder
Notice”). Any such Transfer Reminder Notice shall include a complete copy of Tenant’s Transfer Notice. If Landlord fails to respond within five (5) business days after receipt of a Transfer Reminder Notice, then Tenant’s
Transfer for which Tenant requested Landlord’s approval shall be deemed approved by Landlord. Without limitation as to other reasonable grounds for withholding consent, the parties hereby agree that it shall be reasonable under this Lease and
under any applicable law for Landlord to withhold consent to any proposed Transfer where one or more of the following apply: 

14.2.1    The Transferee is of a character or reputation or engaged in a business which is not consistent with the quality
of the Building or the Project; 
 14.2.2    The Transferee intends to use the Subject Space for purposes which are not
permitted under this Lease; 

  
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 14.2.3    The Transferee is either a governmental agency or
instrumentality thereof unless an existing Tenant of the Building; 
 14.2.4    To the extent the proposed Transferee is
either (i) an assignee or (ii) a sublessee taking in excess of 15,000 rentable square feet of space, such Transferee is not a party of reasonable financial worth and/or financial stability in light of the responsibilities to be undertaken
in connection with the Transfer on the date consent is requested; 
 14.2.5    The proposed Transfer would cause a
violation of another lease for space in the Project, or would give an occupant of the Project a right to cancel its lease; 

14.2.6    The terms of the proposed Transfer will allow the Transferee to exercise a right of renewal, right of expansion,
right of first offer, or other similar right held by Tenant (or will allow the Transferee to occupy space leased by Tenant pursuant to any such right); or 

14.2.7    Either the proposed Transferee, or any person or entity which directly or indirectly, controls, is controlled
by, or is under common control with, the proposed Transferee, (i) leases space in the Project from Landlord at the time of the request for consent, or (ii) is negotiating with Landlord to lease space in the Project at such time, or
(iii) has negotiated with Landlord during the four (4)-month period immediately preceding the Transfer Notice; provided, however, it shall only be deemed reasonable for Landlord to withhold its consent to a Transfer pursuant to this
Section 14.2.7 to the extent Landlord has then-available comparable space in the Project to meet the needs of such proposed Transferee. 

If Landlord consents to any Transfer pursuant to the terms of this Section 14.2 (and does not exercise any recapture
rights Landlord may have under Section 14.4 of this Lease), Tenant may within nine (9) months after Landlord’s consent, but not later than the expiration of said nine (9)-month period, enter into such Transfer of
the Premises or portion thereof, upon substantially the same terms and conditions as are set forth in the Transfer Notice furnished by Tenant to Landlord pursuant to Section 14.1 of this Lease, provided that if there are
any changes in the terms and conditions from those specified in the Transfer Notice (i) such that Landlord would initially have been entitled to refuse its consent to such Transfer under this Section 14.2, or
(ii) which would cause the proposed Transfer to be materially more favorable to the Transferee than the terms set forth in Tenant’s original Transfer Notice, Tenant shall again submit the Transfer to Landlord for its approval and other
action under this Article 14 (including Landlord’s right of recapture, if any, under Section 14.4 of this Lease). Notwithstanding anything to the contrary in this Lease, if Tenant or any
proposed Transferee claims that Landlord has unreasonably withheld or delayed its consent under this Section 14.2 or otherwise has breached or acted unreasonably under this Article 14, their sole
remedies shall be a suit for contract damages or declaratory judgment and an injunction for the relief sought without any monetary damages, and Tenant hereby waives the provisions of Section 1995.310 of the California Civil Code, or any
successor statute, and all other remedies, including, without limitation, any right at law or equity to terminate this Lease, on its own behalf and, to the extent permitted under all applicable laws, on behalf of the proposed Transferee. 

  
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 14.3    Transfer Premium. If Landlord consents to a
Transfer, as a condition thereto which the parties hereby agree is reasonable, Tenant shall pay to Landlord fifty percent (50%) of any “Transfer Premium,” as that term is defined in this Section 14.3, received by
Tenant from such Transferee. “Transfer Premium” shall mean all rent, additional rent or other consideration paid by such Transferee in connection with the Transfer in excess of the Rent and Additional Rent paid by Tenant under this
Lease during the term of the Transfer on a per rentable square foot basis if less than all of the Premises is transferred, after deducting the reasonable expenses incurred by Tenant for (i) any changes, alterations and improvements to the
Premises in connection with the Transfer, (ii) any free base rent or other economic concessions reasonably provided to the Transferee, (iii) any brokerage commissions in connection with the Transfer, and (iv) legal fees and costs.
“Transfer Premium” shall also include, but not be limited to, key money, bonus money or other cash consideration paid by Transferee to Tenant in connection with such Transfer, and any payment in excess of fair market value for services
rendered by Tenant to Transferee or for assets, fixtures, inventory, equipment, or furniture transferred by Tenant to Transferee in connection with such Transfer. This Section 14.3 shall not apply to a Transfer to a
Permitted Transferee pursuant to Section 14.8 below. 
 14.4    Landlord’s Option
as to Subject Space. Notwithstanding anything to the contrary contained in this Article 14, if at any time Tenant desires a determination as to whether or not Landlord intends to exercise its rights under this
Section 14.4, then Tenant may give Landlord notice (“Intention to Transfer Notice”) of such contemplated Transfer (whether or not the contemplated Transferee or the terms of such contemplated Transfer have
been determined). The Intention to Transfer Notice shall specify the portion of and amount of rentable square feet of the Premises which Tenant intends to Transfer (the “Contemplated Transfer Space”), the contemplated date of
commencement of the contemplated Transfer (the “Contemplated Effective Date”), and the contemplated length of the term of such contemplated Transfer, and shall specify that such Intention to Transfer Notice is delivered to Landlord
pursuant to this Section 14.4 in order to allow Landlord to notify Tenant whether Landlord will elect to recapture the Contemplated Transfer Space for the term set forth in the Intention to Transfer Notice. In the event
Tenant delivers an Intention to Transfer Notice (or, if Tenant does not deliver an Intention to Transfer Notice, a Transfer Notice) to Landlord in connection with an assignment of the Lease or in connection with a sublease of all of Tenant’s
space on a particular floor of the Premises for more than 90% of the then remaining Lease Term, Landlord shall have the option, by giving written notice (the “Recapture Notice”) to Tenant within twenty (20) days after receipt
of such Intention to Transfer Notice (or Transfer Notice, as applicable), to recapture the Contemplated Transfer Space. Such Recapture Notice shall cancel and terminate this Lease with respect to the Contemplated Transfer Space as of the effective
date proposed in the Intention to Transfer Notice, and Tenant shall be relieved of its obligation under this Lease with respect to such Contemplated Transfer Space. In the event of a recapture by Landlord, if this Lease shall be canceled with
respect to less than the entire Premises, the Rent reserved herein shall be prorated on the basis of the number of rentable square feet retained by Tenant in proportion to the number of rentable square feet contained in the Contemplated Transfer
Space, and this Lease as so amended shall continue thereafter in full force and effect, and upon request of either party, the parties shall execute written confirmation of the same. Notwithstanding the foregoing sentence, however, if Landlord
delivers a Recapture Notice to Tenant, Tenant may, within ten (10) business days after Tenant’s receipt of such Recapture Notice, deliver written notice to Landlord indicating that Tenant is rescinding its request

  
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for consent to the proposed Transfer, in which case such Transfer shall not be consummated and this Lease shall remain in full force and effect as to the portion of the Premises that was the
subject of the proposed Transfer. If Landlord declines, or fails to elect in a timely manner to recapture the Contemplated Transfer Space under this Section 14.4, then, subject to the other terms of this
Article 14, for a period of ten (10) months (the “Ten Month Period”) commencing on the last day of such twenty (20) day period, Landlord shall not have any right to recapture the Contemplated
Transfer Space with respect to any Transfer made during the Ten Month Period, provided that any such Transfer is substantially on the terms set forth in the Intention to Transfer Notice, and provided further that any such Transfer shall be subject
to the remaining terms of this Article 14. If such a Transfer is not so consummated within the Ten Month Period (or if a Transfer is so consummated, then upon the expiration of the term of any Transfer of such Contemplated
Transfer Space consummated within such Ten Month Period), Tenant shall again be required to submit a new Intention to Transfer Notice to Landlord with respect any contemplated Transfer, as provided above in this
Section 14.4. The foregoing recapture right shall not be applicable with respect to a transfer to a Permitted Transferee, as that term is defined below in Section 14.8. 

14.5    Effect of Transfer. If Landlord consents to a Transfer, (i) the TCCs of this Lease shall in no
way be deemed to have been waived or modified, (ii) such consent shall not be deemed consent to any further Transfer by either Tenant or a Transferee, (iii) Tenant shall deliver to Landlord, promptly after execution, an original executed
copy of all documentation pertaining to the Transfer in form reasonably acceptable to Landlord, (iv) Tenant shall furnish upon Landlord’s request a complete statement, certified by an independent certified public accountant, or
Tenant’s chief financial officer, setting forth in detail the computation of any Transfer Premium Tenant has derived and shall derive from such Transfer, and (v) no Transfer relating to this Lease or agreement entered into with respect
thereto, whether with or without Landlord’s consent, shall relieve Tenant or any guarantor of the Lease from any liability under this Lease, including, without limitation, in connection with the Subject Space. Landlord or its authorized
representatives shall have the right at all reasonable times upon at least fifteen (15) days’ prior notice to audit the books, records and papers of Tenant relating to any Transfer, and shall have the right to make copies thereof. If the
Transfer Premium respecting any Transfer shall be found understated, Tenant shall, within thirty (30) days after demand, pay the deficiency, and if understated by more than five percent (5%), Tenant shall pay Landlord’s actual and
reasonable costs of such audit. 
 14.6    Additional Transfers. For purposes of this Lease, the term
“Transfer” shall also include (i) if Tenant is a partnership, the withdrawal or change, voluntary, involuntary or by operation of law, of more than fifty percent (50%) or more of the partners, or transfer of more than fifty
percent (50%) or more of partnership interests, within a twelve (12)-month period, or the dissolution of the partnership without immediate reconstitution thereof, and (ii) if Tenant is a closely held corporation(i.e., whose stock is not
publicly held and not traded through an exchange or over the counter), (A) the dissolution, merger, consolidation or other reorganization of Tenant or (B) the sale or other transfer of an aggregate of more than fifty percent (50%) or more
of the voting shares of Tenant (other than to immediate family members by reason of gift or death), within a twelve (12)-month period, or (C) the sale, mortgage, hypothecation or pledge of an aggregate of more than fifty percent (50%) or more
of the value of the unencumbered assets of Tenant within a twelve (12)-month period. 

  
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 14.7    Occurrence of Default. Any Transfer hereunder
shall be subordinate and subject to the provisions of this Lease, and if this Lease shall be terminated during the term of any Transfer, Landlord shall have the right to: (i) treat such Transfer as cancelled and repossess the Subject Space by
any lawful means, or (ii) require that such Transferee attorn to and recognize Landlord as its landlord under any such Transfer. If Tenant shall be in default under this Lease beyond any applicable notice and cure period, Landlord is hereby
irrevocably authorized to direct any Transferee to make all payments under or in connection with the Transfer directly to Landlord (which Landlord shall apply towards Tenant’s obligations under this Lease) until such default is cured. Such
Transferee shall rely on any representation by Landlord that Tenant is in default hereunder, without any need for confirmation thereof by Tenant. Upon any assignment, the assignee shall assume in writing all obligations and covenants of Tenant
thereafter to be performed or observed under this Lease. No collection or acceptance of rent by Landlord from any Transferee shall be deemed a waiver of any provision of this Article 14 or the approval of any Transferee or
a release of Tenant from any obligation under this Lease, whether theretofore or thereafter accruing. In no event shall Landlord’s enforcement of any provision of this Lease against any Transferee be deemed a waiver of Landlord’s right to
enforce any term of this Lease against Tenant or any other person. If Tenant’s obligations hereunder have been guaranteed, Landlord’s consent to any Transfer shall not be effective unless the guarantor also consents to such Transfer. 

14.8    Deemed Consent Transfers. Notwithstanding anything to the contrary contained in this Lease,
(A) an assignment or subletting of all or a portion of the Premises to an affiliate of Tenant (an entity which is controlled by, controls, or is under common control with, Tenant), (B) a sale of corporate shares of capital stock in Tenant
in connection with an initial public offering of Tenant’s stock on a nationally-recognized stock exchange or for financing purposes (such as a Series A financing), (C) an assignment of the Lease to an entity which acquires all or
substantially all of the stock or assets of Tenant (such an acquisition shall be deemed to consist of “substantially all” of the stock to the extent the acquiring entity acquires a controlling interest of Tenant’s stock), or
(D) an assignment of the Lease to an entity which is the resulting entity of a merger or consolidation of Tenant during the Lease Term, shall not be deemed a Transfer requiring Landlord’s consent under this
Article 14 (any such assignee or sublessee described in items (A) through (D) of this Section 14.8 hereinafter referred to as a “Permitted Transferee”), provided that
(i) Tenant notifies Landlord at least ten (10) days prior to the effective date of any such assignment or sublease (or within ten (10) days thereafter if prior notice is prohibited by Applicable Law or confidentiality obligations) and
promptly supplies Landlord with any documents or information reasonably requested by Landlord regarding such Transfer or Permitted Transferee as set forth above, (ii) Tenant is not in default, beyond the applicable notice and cure period, and
such assignment or sublease is not a subterfuge by Tenant to avoid its obligations under this Lease, (iii) such Permitted Transferee shall be of a character and reputation consistent with the quality of the Building, (iv) such Permitted
Transferee shall have a tangible net worth (not including goodwill as an asset) computed in accordance with generally accepted accounting principles (“Net Worth”) at least equal to the Net Worth of Tenant on the day immediately
preceding the effective date of such assignment or sublease, (v) no assignment or 

  
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sublease relating to this Lease, whether with or without Landlord’s consent, shall relieve Tenant from any liability under this Lease, and (vi) the liability of such Permitted
Transferee under either an assignment or sublease shall be joint and several with Tenant. An assignee of Tenant’s entire interest in this Lease who qualifies as a Permitted Transferee may also be referred to herein as a “Permitted
Transferee Assignee.” “Control,” as used in this Section 14.8, shall mean the ownership, directly or indirectly, of more than fifty percent (50%) of the voting securities of, or possession of the
right to vote, in the ordinary direction of its affairs, of more than fifty percent (50%) of the voting interest in, any person or entity. 

14.9    Preapproved Bracket License/Sublease. Notwithstanding any contrary provision of this
Article 14, Landlord hereby preapproves the Bracket License/Sublease. Tenant shall promptly supply Landlord with any documents or information requested by Landlord regarding such Bracket License/Sublease. Notwithstanding
the foregoing, such Bracket License/Sublease shall in no event relieve Tenant from any liability under this Lease. 
 ARTICLE 15

 SURRENDER OF PREMISES; OWNERSHIP AND REMOVAL OF TRADE FIXTURES 

15.1    Surrender of Premises. No act or thing done by Landlord or any agent or employee of Landlord during
the Lease Term shall be deemed to constitute an acceptance by Landlord of a surrender of the Premises unless such intent is specifically acknowledged in writing by Landlord. The delivery of keys to the Premises to Landlord or any agent or employee
of Landlord shall not constitute a surrender of the Premises or effect a termination of this Lease, whether or not the keys are thereafter retained by Landlord, and notwithstanding such delivery Tenant shall be entitled to the return of such keys at
any reasonable time upon request until this Lease shall have been properly terminated. The voluntary or other surrender of this Lease by Tenant, whether accepted by Landlord or not, or a mutual termination hereof, shall not work a merger, and at the
option of Landlord shall operate as an assignment to Landlord of all subleases or subtenancies affecting the Premises or terminate any or all such sublessees or subtenancies. 

15.2    Removal of Tenant Property by Tenant. Upon the expiration of the Lease Term, or upon any earlier
termination of this Lease, Tenant shall, subject to the provisions of this Article 15, quit and surrender possession of the Premises to Landlord in as good order and condition as when Tenant took possession and as
thereafter improved by Landlord and/or Tenant, reasonable wear and tear and repairs which are specifically made the responsibility of Landlord hereunder excepted. Upon such expiration or termination, in addition to Tenant’s obligations under
Section 29.32, below, Tenant shall, without expense to Landlord, remove or cause to be removed from the Premises all debris and rubbish, and such items of furniture, equipment, business and trade fixtures, free-standing
cabinet work, server and telephone equipment, movable partitions and other articles of personal property owned by Tenant or installed or placed by Tenant at its expense in the Premises, and such similar articles of any other persons claiming under
Tenant, as Landlord may, in its sole discretion, require to be removed, and Tenant shall repair at its own expense all damage to the Premises and Building resulting from such removal. 

  
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 ARTICLE 16 

HOLDING OVER 
 If Tenant
holds over after the expiration of the Lease Term with the express written consent of Landlord, such tenancy shall be from month-to-month only, and shall not constitute
a renewal hereof or an extension for any further term, and in such case Base Rent shall be payable at a monthly rate of one hundred fifty percent (150%) of the Base Rent applicable during the last rental period of the Lease Term under this Lease
during the first two (2) months following the expiration or earlier termination of the Lease Term, and two hundred percent (200%) thereafter. Such month-to-month
tenancy shall be subject to every other applicable term, covenant and agreement contained herein. If Tenant holds over after the expiration of the Lease Term without the express written consent of Landlord, such tenancy shall be a tenancy at
sufferance, and shall not constitute a renewal hereof or an extension for any further term, and in such case daily damages in any action to recover possession of the Premises shall be calculated at a daily rate equal to one hundred fifty percent
(150%) of the Base Rent applicable during the last rental period of the Lease Term under this Lease (calculated on a per diem basis) during the first two (2) months following the expiration or earlier termination of the Lease Term, and two
hundred percent (200%) thereafter. Nothing contained in this Article 16 shall be construed as consent by Landlord to any holding over by Tenant, and Landlord expressly reserves the right to require Tenant to vacate and
deliver possession of the Premises to Landlord as provided in this Lease upon the expiration or other termination of this Lease. The provisions of this Article 16 shall not be deemed to limit or constitute a waiver of any
other rights or remedies of Landlord provided herein or at law. If Tenant holds over without Landlord’s express written consent, and tenders payment of rent for any period beyond the expiration of the Lease Term by way of check (whether
directly to Landlord, its agents, or to a lock box) or wire transfer, Tenant acknowledges and agrees that the cashing of such check or acceptance of such wire shall be considered inadvertent and not be construed as creating a month-to-month tenancy, provided Landlord refunds such payment to Tenant promptly upon learning that such check has been cashed or wire transfer received. Tenant acknowledges
that any holding over without Landlord’s express written consent may compromise or otherwise affect Landlord’s ability to enter into new leases with prospective tenants regarding the Premises. Therefore, if Tenant fails to vacate and
deliver the Premises within thirty (30) days following the termination or expiration of this Lease, in addition to any other liabilities to Landlord accruing therefrom, Tenant shall protect, defend, indemnify and hold Landlord harmless from and
against all claims made by any succeeding tenant founded upon such failure to vacate and deliver, and any losses suffered by Landlord, including lost profits, resulting from such failure to vacate and deliver. Tenant agrees that any proceedings
necessary to recover possession of the Premises, whether before or after expiration of the Lease Term, shall be considered an action to enforce the terms of this Lease for purposes of the awarding of any attorney’s fees in connection therewith.

  
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 ARTICLE 17 

ESTOPPEL CERTIFICATES 

Within ten (10) business days following a request in writing by Landlord, Tenant shall execute, acknowledge and deliver to Landlord an
estoppel certificate, which, as submitted by Landlord, shall be substantially in the form of Exhibit E, attached hereto (or such other commercially reasonable form as may be required by any prospective
mortgagee or purchaser of the Project, or any portion thereof), indicating therein any exceptions thereto that may exist at that time, and shall also contain any other information reasonably requested by Landlord or Landlord’s mortgagee or
prospective mortgagee. Any such certificate may be relied upon by any prospective mortgagee or purchaser of all or any portion of the Project. Tenant shall execute and deliver whatever other instruments may be reasonably required for such purposes.
At any time during the Lease Term (but not more than once in any calendar year unless in connection with the sale or proposed sale, or the financing/refinancing, of the Project or any portion thereof), Landlord may require Tenant to provide Landlord
with a current financial statement and financial statements of the two (2) years prior to the current financial statement year. Such statements shall be prepared in accordance with generally accepted accounting principles and, if such is the
normal practice of Tenant, shall be audited by an independent certified public accountant. Failure of Tenant to timely execute, acknowledge and deliver such estoppel certificate or other instruments shall constitute an acceptance of the Premises and
an acknowledgment by Tenant that statements included in the estoppel certificate are true and correct, without exception. Prior to receiving any financial statements, Landlord shall execute and deliver to Tenant a commercially reasonable
confidentiality agreement. 
 ARTICLE 18 

SUBORDINATION 
 As of the
date of this Lease, there are no ground or underlying leases, nor any mortgage, trust deed or other like encumbrances in force against the Building or Project. This Lease shall be subject and subordinate to all future ground or underlying leases of
the Building or Project and to the lien of any mortgage, trust deed or other encumbrances hereafter in force against the Building or Project or any part thereof, if any, and to all renewals, extensions, modifications, consolidations and replacements
thereof, and to all advances made or hereafter to be made upon the security of such mortgages or trust deeds, unless the holders of such mortgages, trust deeds or other encumbrances, or the lessors under such ground lease or underlying leases
(collectively, the “Superior Holders”), require in writing that this Lease be superior thereto; provided, however, that in consideration of and a condition precedent to Tenant’s agreement to subordinate this Lease to any future
mortgage, trust deed or other encumbrances, shall be the receipt by Tenant of a subordination non-disturbance and attornment agreement in the standard form provided by such Superior Holders, which requires
such Superior Holder to accept this Lease, and not to disturb Tenant’s possession, so long as an event of default beyond any applicable notice and cure period has not occurred and be continuing executed by Landlord and the appropriate Superior
Holder. Tenant covenants and agrees in the event any proceedings are brought for the foreclosure of any such mortgage or deed in lieu thereof (or if any 

  
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ground lease is terminated), to attorn, without any deductions or set-offs whatsoever, to the lienholder or purchaser or any successors thereto upon any
such foreclosure sale or deed in lieu thereof (or to the ground lessor), if so requested to do so by such purchaser or lienholder or ground lessor, and to recognize such purchaser or lienholder or ground lessor as the lessor under this Lease,
provided such lienholder or purchaser or ground lessor shall agree to accept this Lease and not disturb Tenant’s occupancy, so long as Tenant timely pays the rent and observes and performs the TCCs of this Lease to be observed and performed by
Tenant. Landlord’s interest herein may be assigned as security at any time to any lienholder. Tenant shall, within ten (10) business days of request by Landlord, execute such further instruments or assurances as Landlord may reasonably
deem necessary to evidence or confirm the subordination or superiority of this Lease to any such mortgages, trust deeds, ground leases or underlying leases. Tenant waives the provisions of any current or future statute, rule or law which may give or
purport to give Tenant any right or election to terminate or otherwise adversely affect this Lease and the obligations of the Tenant hereunder in the event of any foreclosure proceeding or sale. 

ARTICLE 19 

DEFAULTS; REMEDIES 

19.1    Events of Default. The occurrence of any of the following shall constitute a default of this Lease
by Tenant: 
 19.1.1    Any failure by Tenant to pay any Rent or any other charge required to be paid under this Lease,
or any part thereof, when due unless such failure is cured within five (5) business days after notice; or 

19.1.2    Except where a specific time period is otherwise set forth for Tenant’s performance in this Lease, in which
event the failure to perform by Tenant within such time period shall be a default by Tenant under this Section 19.1.2, any failure by Tenant to observe or perform any other provision, covenant or condition of this Lease to
be observed or performed by Tenant where such failure continues for thirty (30) days after written notice thereof from Landlord to Tenant; provided that if the nature of such default is such that the same cannot reasonably be cured within a
thirty (30) day period, Tenant shall not be deemed to be in default if it diligently commences such cure within such period and thereafter diligently proceeds to rectify and cure such default, but in no event exceeding a period of time in
excess of sixty (60) days after written notice thereof from Landlord to Tenant; or 
 19.1.3    To the extent
permitted by law, (i) Tenant or any guarantor of this Lease being placed into receivership or conservatorship, or becoming subject to similar proceedings under Federal or State law, or (ii) a general assignment by Tenant or any guarantor
of this Lease for the benefit of creditors, or (iii) the taking of any corporate action in furtherance of bankruptcy or dissolution whether or not there exists any proceeding under an insolvency or bankruptcy law, or (iv) the filing by or
against Tenant or any guarantor of any proceeding under an insolvency or bankruptcy law, unless in the case of such a proceeding filed against Tenant or any guarantor the same is dismissed within sixty (60) days, or (v) the appointment of
a trustee or receiver to take possession of all or substantially all of the assets of Tenant or any guarantor, unless possession is restored to Tenant or such guarantor 

  
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within thirty (30) days, or (vi) any execution or other judicially authorized seizure of all or substantially all of Tenant’s assets located upon the Premises or of Tenant’s
interest in this Lease, unless such seizure is discharged within thirty (30) days; or 
 19.1.4    Abandonment of
the Premises by Tenant in accordance with Applicable Law; or 
 19.1.5    The failure by Tenant to observe or perform
according to the provisions of Articles 5, 14, 17 or 18 of this Lease where such failure continues for more than two (2) business days after notice from Landlord; or 

19.1.6    Tenant’s failure to occupy the Premises within one hundred eighty (180) days after the Lease
Commencement Date. 
 The notice periods provided herein are in lieu of, and not in addition to, any notice periods provided by law. 

19.2    Remedies Upon Default. Upon the occurrence of any event of default by Tenant, Landlord shall have,
in addition to any other remedies available to Landlord at law or in equity (all of which remedies shall be distinct, separate and cumulative), the option to pursue any one or more of the following remedies, each and all of which shall be cumulative
and nonexclusive, without any notice or demand whatsoever. 
 19.2.1    Terminate this Lease, in which event Tenant
shall immediately surrender the Premises to Landlord, and if Tenant fails to do so, Landlord may, without prejudice to any other remedy which it may have for possession or arrearages in rent, enter upon and take possession of the Premises and expel
or remove Tenant and any other person who may be occupying the Premises or any part thereof, without being liable for prosecution or any claim for damages therefor; and Landlord may recover from Tenant the following: 

(a)    The worth at the time of award of any unpaid rent which has been earned at the time of such termination; plus 

(b)    The worth at the time of award of the amount by which the unpaid rent which would have been earned after
termination until the time of award exceeds the amount of such rental loss that Tenant proves 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 Lease Term after the
time of award exceeds the amount of such rental loss that Tenant proves could have been reasonably avoided; plus 

(d)    Any other amount necessary to compensate Landlord for all the detriment proximately caused by Tenant’s
failure to perform its obligations under this Lease or which in the ordinary course of things would be likely to result therefrom, specifically including but not limited to, brokerage commissions and advertising expenses incurred, expenses of
remodeling the Premises or any portion thereof for a new tenant, whether for the same or a different use, and any special concessions made to obtain a new tenant; and 

  
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 (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 law. 
 The term “rent” as used in this
Section 19.2 shall be deemed to be and to mean all sums of every nature required to be paid by Tenant pursuant to the terms of this Lease, whether to Landlord or to others. As used in
Sections 19.2.1(a) and (b), above, the “worth at the time of award” shall be computed by allowing interest at the Interest Rate. As used in Section 19.2.1(c), above, the
“worth at the time of award” shall be computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award plus one percent (1%). 

19.2.2    Landlord shall have the remedy described in California Civil Code Section 1951.4 (lessor may continue lease
in effect after lessee’s breach and abandonment and recover rent as it becomes due, if lessee has the right to sublet or assign, subject only to reasonable limitations). Accordingly, if Landlord does not elect to terminate this Lease on account
of any default by Tenant, Landlord may, from time to time, without terminating this Lease, enforce all of its rights and remedies under this Lease, including the right to recover all rent as it becomes due. 

19.2.3    Landlord shall at all times have the rights and remedies (which shall be cumulative with each other and
cumulative and in addition to those rights and remedies available under Sections 19.2.1 and 19.2.2, above, or any law or other provision of this Lease), without prior demand or notice except as required by applicable
law, to seek any declaratory, injunctive or other equitable relief, and specifically enforce this Lease, or restrain or enjoin a violation or breach of any provision hereof. 

19.3    Subleases of Tenant. Whether or not Landlord elects to terminate this Lease on account of any
default by Tenant, as set forth in this Article 19, Landlord shall have the right to terminate any and all subleases, licenses, concessions or other consensual arrangements for possession entered into by Tenant and
affecting the Premises or may, in Landlord’s sole discretion, succeed to Tenant’s interest in such subleases, licenses, concessions or arrangements. In the event of Landlord’s election to succeed to Tenant’s interest in any such
subleases, licenses, concessions or arrangements, Tenant shall, as of the date of notice by Landlord of such election, have no further right to or interest in the rent or other consideration receivable thereunder. 

19.4    Form of Payment After Default. Following the occurrence of an event of default by Tenant, Landlord
shall have the right to require that any or all subsequent amounts paid by Tenant to Landlord hereunder, whether to cure the default in question or otherwise, be paid in the form of cash, money order, cashier’s or certified check drawn on an
institution acceptable to Landlord, or by other means approved by Landlord, notwithstanding any prior practice of accepting payments in any different form. 

19.5    Efforts to Relet. No re-entry or repossession, repairs,
maintenance, changes, alterations and additions, reletting, appointment of a receiver to protect Landlord’s interests hereunder, 

  
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or any other action or omission by Landlord shall be construed as an election by Landlord to terminate this Lease or Tenant’s right to possession, or to accept a surrender of the Premises,
nor shall same operate to release Tenant in whole or in part from any of Tenant’s obligations hereunder, unless express written notice of such intention is sent by Landlord to Tenant. Tenant hereby irrevocably waives any right otherwise
available under any law to redeem or reinstate this Lease. 
 19.6    Landlord Default. Notwithstanding
anything to the contrary set forth in this Lease, Landlord shall be in default in the performance of any obligation required to be performed by Landlord pursuant to this Lease if Landlord fails to perform such obligation within thirty (30) days
after the receipt of notice from Tenant specifying in detail Landlord’s failure to perform; provided, however, 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 under this Lease if it shall commence such performance within such thirty (30) day period and thereafter diligently pursues the same to completion. Upon any such default by Landlord under this Lease, Tenant may,
except as otherwise specifically provided in this Lease to the contrary, exercise any of its rights provided at law or in equity. Any award from a court or arbitrator in favor of Tenant requiring payment by Landlord which is not paid by Landlord
within the time period directed by such award, may be offset by Tenant from Rent next due and payable under this Lease; provided, however, Tenant may not deduct the amount of the award against more than fifty percent (50%) of Base Rent next due and
owing (until such time as the entire amount of such judgment is deducted) to the extent following a foreclosure or a deed-in-lieu of foreclosure. 

ARTICLE 20 

COVENANT OF QUIET ENJOYMENT 

Landlord covenants that Tenant, on paying the Rent, charges for services and other payments herein reserved and on keeping, observing and
performing all the other TCCs, provisions and agreements herein contained on the part of Tenant to be kept, observed and performed, shall, during the Lease Term, peaceably and quietly have, hold and enjoy the Premises subject to the TCCs, provisions
and agreements hereof without interference by any persons lawfully claiming by or through Landlord. The foregoing covenant is in lieu of any other covenant express or implied. 

ARTICLE 21 

LETTER OF CREDIT 

21.1    Delivery of Letter of Credit. Tenant shall deliver to Landlord, concurrently with Tenant’s
execution of this Lease, an unconditional, clean, irrevocable letter of credit (the “L-C”) in the amount set forth in Section 21.3 below (the “L-C Amount”), which L-C shall be issued by one of the following banks: (i) Wells Fargo Bank, N.A., (ii) JP Morgan Chase, (iii) Bank of America,
(iv) Citibank, (v) Silicon Valley Bank, (vi) Morgan Stanley, (vii) Goldman Sachs, (viii) PNC Bank, or (ix) Bank of Merrill Lynch (such issuing bank being referred to herein as the “Bank”), and which L-C shall be in the form of Exhibit G, attached hereto. Tenant shall pay all expenses, points and/or fees incurred by Tenant in obtaining the L-C. The L-C shall (i) be “callable” at sight, irrevocable and 

  
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unconditional, (ii) be maintained in effect, whether through renewal or extension, for the period commencing on the date of this Lease and continuing until the date (the “L-C Expiration Date”) that is no less than ninety-five (95) days after the expiration of the Lease Term, as the same may be extended (subject to Section 2 of
Exhibit H attached hereto), and Tenant shall deliver a new L-C or certificate of renewal or extension to Landlord at least sixty (60) days prior to the
expiration of the L-C then held by Landlord, without any action whatsoever on the part of Landlord, (iii) be fully assignable by Landlord, its successors and assigns, (iv) permit partial draws and
multiple presentations and drawings, and (v) be otherwise subject to the International Standby Practices-ISP 98, International Chamber of Commerce Publication #590. Landlord, or its then managing agent,
shall have the right to draw down an amount up to the face amount of the L-C if any of the following shall have occurred or be applicable: (A) such amount is due to Landlord under the terms and conditions
of this Lease (beyond the applicable notice and cure periods), or (B) Tenant has filed a voluntary petition under the U.S. Bankruptcy Code or any state bankruptcy code (collectively, “Bankruptcy Code”), or (C) an
involuntary petition has been filed against Tenant under the Bankruptcy Code, or (D) the Lease has been rejected, or is deemed rejected, under Section 365 of the U.S. Bankruptcy Code, following the filing of a voluntary petition by Tenant
under the Bankruptcy Code, or the filing of an involuntary petition against Tenant under the Bankruptcy Code, or (E) the Bank has notified Landlord that the L-C will not be renewed or extended through the
L-C Expiration Date, or (F) Tenant is placed into receivership or conservatorship, or becomes subject to similar proceedings under Federal or State law, or (G) Tenant executes an assignment for the
benefit of creditors, or (H) if there is a material adverse change in the financial condition of the Bank, and Tenant has failed to provide Landlord with a replacement letter of credit, conforming in all respects to the requirements of this
Article 21 (including, but not limited to, the requirements placed on the issuing Bank more particularly set forth in this Section 21.1 above), in the amount of the applicable L-C Amount, within ten (10) days following Landlord’s written demand therefor (with no other notice or cure or grace period being applicable thereto, notwithstanding anything in this Lease to the contrary)
(each of the foregoing being an “L-C Draw Event”). The L-C shall be honored by the Bank regardless of whether Tenant disputes Landlord’s right to
draw upon the L-C. In addition, in the event the Bank is placed into receivership or conservatorship by the Federal Deposit Insurance Corporation or any successor or similar entity, then, effective as of the
date such receivership or conservatorship occurs, said L-C shall be deemed to fail to meet the requirements of this Article 21, and, within ten (10) days following
Landlord’s notice to Tenant of such receivership or conservatorship (the “L-C FDIC Replacement Notice”), Tenant shall replace such L-C with a
substitute letter of credit from a different issuer from the list above and that complies in all respects with the requirements of this Article 21. If Tenant fails to replace such L-C
with such conforming, substitute letter of credit pursuant to the terms and conditions of this Section 21.1, then, notwithstanding anything in this Lease to the contrary, Landlord shall have the right to declare Tenant in
default of this Lease for which there shall be no notice or grace or cure periods being applicable thereto (other than the aforesaid ten (10) day period). Tenant shall be responsible for the payment of any and all costs incurred with the review
of any replacement L-C (including without limitation Landlord’s reasonable attorneys’ fees), which replacement is required pursuant to this Section or is otherwise requested by Tenant. In the
event of an assignment by Tenant of its interest in the Lease (and irrespective of whether Landlord’s consent is required for such assignment), the acceptance of any replacement or substitute letter of credit by Landlord from the assignee shall
be subject to Landlord’s prior written approval, in Landlord’s sole and absolute discretion, and the attorney’s fees incurred by Landlord in connection with such determination shall be payable by Tenant to Landlord within ten
(10) days of billing. 

  
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 21.2    Application of
L-C. Tenant hereby acknowledges and agrees that Landlord is entering into this Lease in material reliance upon the ability of Landlord to draw upon the L-C upon
the occurrence of any L-C Draw Event. In the event of any L-C Draw Event, Landlord may, but without obligation to do so, and without notice to Tenant (except in
connection with an L-C Draw Event under Section 21.1(H) above), draw upon the L-C, in part or in whole, to cure any such L-C Draw Event and/or to compensate Landlord for any and all damages of any kind or nature sustained or which Landlord reasonably estimates that it will sustain resulting from Tenant’s breach or default of the
Lease or other L-C Draw Event and/or to compensate Landlord for any and all damages arising out of, or incurred in connection with, the termination of this Lease, including, without limitation, those
specifically identified in Section 1951.2 of the California Civil Code. The use, application or retention of the L-C, or any portion thereof, by Landlord shall not prevent Landlord from exercising any
other right or remedy provided by this Lease or by any applicable law, it being intended that Landlord shall not first be required to proceed against the L-C, and such
L-C shall not operate as a limitation on any recovery to which Landlord may otherwise be entitled. Tenant agrees not to interfere in any way with payment to Landlord of the proceeds of the L-C, either prior to or following a “draw” by Landlord of any portion of the L-C, regardless of whether any dispute exists between Tenant and Landlord as to
Landlord’s right to draw upon the L-C. No condition or term of this Lease shall be deemed to render the L-C conditional to justify the issuer of the L-C in failing to honor a drawing upon such L-C in a timely manner. Tenant agrees and acknowledges that (i) the L-C constitutes a
separate and independent contract between Landlord and the Bank, (ii) Tenant is not a third party beneficiary of such contract, (iii) Tenant has no property interest whatsoever in the L-C or the
proceeds thereof, and (iv) in the event Tenant becomes a debtor under any chapter of the Bankruptcy Code, Tenant is placed into receivership or conservatorship, and/or there is an event of a receivership, conservatorship or a bankruptcy filing
by, or on behalf of, Tenant, neither Tenant, any trustee, nor Tenant’s bankruptcy estate shall have any right to restrict or limit Landlord’s claim and/or rights to the L-C and/or the proceeds
thereof by application of Section 502(b)(6) of the U.S. Bankruptcy Code or otherwise. 
 21.3    L-C Amount; Maintenance of L-C by Tenant. 

21.3.1    L-C Amount. The L-C
Amount shall be equal to the amount set forth in Section 8 of the Summary, and is subject to reduction pursuant to the terms of Section 21.9 below. 

21.3.2    In General. If, as a result of any drawing by Landlord of all or any portion of the L-C, the amount of the L-C shall be less than the L-C Amount, Tenant shall, within ten (10) days thereafter, provide Landlord with
additional letter(s) of credit in an amount equal to the deficiency, and any such additional letter(s) of credit shall comply with all of the provisions of this Article 21, and if Tenant fails to comply with the foregoing,
the same shall be subject to the terms of Section 21.3.3 below. Tenant further covenants and warrants that it will neither assign nor encumber the L-C or any part thereof and that
neither Landlord nor its successors or assigns will be bound by any such assignment, encumbrance, attempted assignment or attempted encumbrance. Without limiting the generality of the foregoing, if the L-C
expires earlier than the L-C Expiration Date, Landlord will 

  
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accept a renewal thereof (such renewal letter of credit to be in effect and delivered to Landlord, as applicable, not later than thirty (30) days prior to the expiration of the L-C), which shall be irrevocable and automatically renewable as above provided through the L-C Expiration Date upon the same terms as the expiring L-C or such other terms as may be acceptable to Landlord in its sole discretion. If Tenant exercises its option to extend the Lease Term pursuant to Section 2.2 of this Lease then (subject
to Section 2 of Exhibit H attached hereto), not later than thirty (30) days prior to the commencement of the Option Term, Tenant shall deliver to Landlord a new L C or
certificate of renewal or extension evidencing the L-C Expiration Date as ninety-five (95) days after the expiration of the Option Term, to the extent, and in the amount required by
Section 2 of Exhibit H attached hereto. However, if the L-C is not timely renewed, or if Tenant fails to maintain the L-C in the amount and in accordance with the terms set forth in this Article 21, Landlord shall have the right to either (x) present the L-C to
the Bank in accordance with the terms of this Article 21, and the proceeds of the L-C may be applied by Landlord against any Rent payable by Tenant under this Lease that is not paid
when due and/or to pay for all losses and damages that Landlord has suffered or that Landlord reasonably estimates that it will suffer as a result of any breach or default by Tenant under this Lease, or (y) pursue its remedy under
Section 21.3.3 below. In the event Landlord elects to exercise its rights under the foregoing item (x), (I) any unused proceeds shall constitute the property of Landlord (and not Tenant’s property or, in the event of a
receivership, conservatorship, or a bankruptcy filing by, or on behalf of, Tenant, property of such receivership, conservatorship or Tenant’s bankruptcy estate) and need not be segregated from Landlord’s other assets, and
(II) Landlord agrees to pay to Tenant within thirty (30) days after the L-C Expiration Date the amount of any proceeds of the L-C received by Landlord and not
applied against any Rent payable by Tenant under this Lease that was not paid when due or used to pay for any losses and/or damages suffered by Landlord (or reasonably estimated by Landlord that it will suffer) as a result of any breach or default
by Tenant under this Lease; provided, however, that if prior to the L-C Expiration Date a voluntary petition is filed by Tenant, or an involuntary petition is filed against Tenant by any of Tenant’s
creditors, under the Bankruptcy Code, then Landlord shall not be obligated to make such payment in the amount of the unused L-C proceeds until either all preference issues relating to payments under this Lease
have been resolved in such bankruptcy or reorganization case or such bankruptcy or reorganization case has been dismissed. 

21.4    Transfer and Encumbrance. The L-C shall also provide that
Landlord may, at any time and without notice to Tenant and without first obtaining Tenant’s consent thereto, transfer (one or more times) all or any portion of its interest in and to the L-C to another
party, person or entity, regardless of whether or not such transfer is from or as a part of the assignment by Landlord of its rights and interests in and to this Lease. In the event of a transfer of Landlord’s interest in under this Lease,
Landlord shall transfer the L-C, in whole or in part, to the transferee and thereupon Landlord shall, without any further agreement between the parties, be released by Tenant from all liability therefor, and
it is agreed that the provisions hereof shall apply to every transfer or assignment of the whole of said L-C to a new landlord. In connection with any such transfer of the
L-C by Landlord, Tenant shall, at Tenant’s sole cost and expense, execute and submit to the Bank such applications, documents and instruments as may be necessary to effectuate such transfer and, Tenant
shall be responsible for paying the Bank’s transfer and processing fees in connection therewith; provided that Landlord shall be responsible to pay up to Two Thousand and 00/100 ($2,000.00) of such fees. Either Landlord or Tenant shall have the
right (in each of their sole discretion), but not the obligation, to pay the applicable fees on behalf of the other party, in which case the non-paying party shall reimburse the paying party within ten
(10) days after receipt of an invoice and reasonable supporting documentation therefor. 

  
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 21.5    L-C Not a Security
Deposit. Landlord and Tenant (1) acknowledge and agree that in no event or circumstance shall the L-C or any renewal thereof or substitute therefor or any proceeds thereof be deemed to be or
treated as a “security deposit” under any law applicable to security deposits in the commercial context, including, but not limited to, Section 1950.7 of the California Civil Code, as such Section now exists or as it may be
hereafter amended or succeeded (the “Security Deposit Laws”), (2) acknowledge and agree that the L-C (including any renewal thereof or substitute therefor or any proceeds thereof) is not
intended to serve as a security deposit, and the Security Deposit Laws shall have no applicability or relevancy thereto, and (3) waive any and all rights, duties and obligations that any such party may now, or in the future will, have relating
to or arising from the Security Deposit Laws. Tenant hereby irrevocably waives and relinquishes the provisions of Section 1950.7 of the California Civil Code and any successor statute, and all other provisions of law, now or hereafter in
effect, which (x) establish the time frame by which a landlord must refund a security deposit under a lease, and/or (y) provide that a landlord may claim from a security deposit only those sums reasonably necessary to remedy defaults in
the payment of rent, to repair damage caused by a tenant or to clean the premises, it being agreed that Landlord may, in addition, claim those sums specified in this Article 21 and/or those sums reasonably necessary to
(a) compensate Landlord for any loss or damage caused by Tenant’s breach of this Lease, including any damages Landlord suffers following termination of this Lease, and/or (b) compensate Landlord for any and all damages arising out of,
or incurred in connection with, the termination of this Lease, including, without limitation, those specifically identified in Section 1951.2 of the California Civil Code. 

21.6    Non-Interference By Tenant. Tenant agrees not to interfere
in any way with any payment to Landlord of the proceeds of the L-C, either prior to or following a “draw” by Landlord of all or any portion of the L-C,
regardless of whether any dispute exists between Tenant and Landlord as to Landlord’s right to draw down all or any portion of the L-C. No condition or term of this Lease shall be deemed to render the L-C conditional and thereby afford the Bank a justification for failing to honor a drawing upon such L-C in a timely manner. Tenant shall not request or instruct the Bank of
any L-C to refrain from paying sight draft(s) drawn under such L-C. 

21.7    Waiver of Certain Relief. Tenant unconditionally and irrevocably waives (and as an independent
covenant hereunder, covenants not to assert) any right to claim or obtain any of the following relief in connection with the L-C: 

21.7.1    A temporary restraining order, temporary injunction, permanent injunction, or other order that would prevent,
restrain or restrict the presentment of sight drafts drawn under any L-C or the Bank’s honoring or payment of sight draft(s); or 

21.7.2    Any attachment, garnishment, or levy in any manner upon either the proceeds of any L-C or the obligations of the Bank (either before or after the presentment to the Bank of sight drafts drawn under such L-C) based on any theory whatever. 

  
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 21.8    Remedy for Improper Drafts. Tenant’s sole
remedy in connection with the improper presentment or payment of sight drafts drawn under any L-C shall be the right to obtain from Landlord a refund of the amount of any sight draft(s) that were improperly
presented or the proceeds of which were misapplied, together with interest at the Interest Rate and reasonable actual out-of-pocket attorneys’ fees, provided that
at the time of such refund, Tenant increases the amount of such L-C to the amount (if any) then required under the applicable provisions of this Lease. Tenant acknowledges that the presentment of sight drafts
drawn under any L-C, or the Bank’s payment of sight drafts drawn under such L-C, could not under any circumstances cause Tenant injury that could not be remedied by
an award of money damages, and that the recovery of money damages would be an adequate remedy therefor. In the event Tenant shall be entitled to a refund as aforesaid and Landlord shall fail to make such payment within ten (10) business days
after demand, Tenant shall have the right to deduct the amount thereof together with interest thereon at the Interest Rate from the next installment(s) of Base Rent. 

21.9    Reduction of L-C Amount. The
L-C Amount shall not be reduced during that period (the “Fixed Period”), commencing on the first Lease Commencement Date and expiring on the last day of the fortieth (40th) full calendar month following the Phase 1 Lease Commencement Date. After the expiration of the Fixed Period, the L-C Amount shall be reduced on or after each
Reduction Date (as defined in Section 21.9.1 below) to the extent that Tenant tenders to Landlord (a) evidence reasonably satisfactory to Landlord demonstrating that Tenant satisfies the
L-C Reduction Conditions, as that term is defined in Section 21.9.3 below, and (b) a certificate of amendment to the existing L-C,
conforming in all material respects to the requirements of this Article 21, in the amount of the applicable L-C Amount as of such Reduction Date. 

21.9.1    Letter of Credit Reductions. The L-C Amount shall be
reduced on an annual basis pursuant to the following: On the first (1st) day of the first (1st) calendar month following the month in which the
Fixed Period expires and the L-C Reduction Conditions (subject to Section 21.9.2 below) are satisfied (the “Burn Down Date”), and on each anniversary of the Burn Down
Date (each, a “Reduction Date”), provided Tenant then satisfies the L-C Reduction Conditions (subject to Section 21.9.2 below), the
L-C Amount shall be reduced by the L-C Burn Down Amount, as that term is defined in Section 21.9.2 below, provided that in no event shall the L-C Amount be reduced below the amount of $4,488,333.00. Notwithstanding any contrary provision of this Section 21.9, no Reduction Date shall occur sooner than twelve (12) months from
the immediately preceding Reduction Date, and any Reduction Date which would otherwise occur sooner than twelve (12) months from the immediately preceding Reduction Date shall instead occur twelve (12) months from the immediately preceding
Reduction Date provided Tenant then satisfies the L-C Reduction Conditions (subject to Section 21.9.2 below). 

21.9.2    L-C Burn Down Amount. As used herein, the “L-C Burn Down Amount” shall mean $1,496,111.00 (provided however, notwithstanding the L-C Reduction Conditions in Section 21.9.3 items
(i) and (ii) below, if at any time during the Lease Term, (a) the stock of Tenant is traded on an American public exchange (NASDAQ or NYSE) (the “Publicly Traded Condition”), (b) if the Publicly
Traded Condition is first satisfied during the first forty-three (43) months of the Lease Term then Tenant’s equity market cap as of the applicable Reduction Date is greater than 

  
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$5,000,000,000.00 based upon the average trading price for the preceding ninety (90) days, or if the Publicly Traded Condition is first satisfied after the expiration of the forty-third (43rd) month of the Lease Term, then Tenant’s equity market cap as of the applicable Reduction Date is greater than $5,000,000,000.00 based upon the average trading price for the preceding twelve
(12) months, and (c) Tenant has $100,000,000.00 of unrestricted cash on Tenant’s balance sheet as of the applicable Reduction Date, then the L-C Burn Down Amount for the applicable Reduction
Date only shall be increased to $4,488,333.00, provided all subsequent reductions shall be in the amount of $1,496,111.00). 

21.9.3    Letter of Credit Reduction Conditions. If Tenant is allowed to reduce the L-C Amount pursuant to the TCCs of this Section 21.9, then Landlord shall reasonably cooperate with Tenant in order to effectuate such reduction. For purposes of this
Section 21.9, the “L-C Reduction Conditions” shall mean that Tenant is not then in default under this Lease, and both of the following conditions are satisfied, as
demonstrated by Tenant’s most recent year-end annual financial reports prepared and certified by an independent certified public accountant and delivered to Landlord: (i) Tenant has at least
$200,000,000.00 of unrestricted cash on Tenant’s balance sheet, and (ii) Tenant has maintained an EBITDA of at least $25,000,000.00 for each of the previous four (4) consecutive financial quarters. For purposes of this
Section 21.9.3 “EBITDA,” shall mean Tenant’s Earnings Before Interest, Taxes, Depreciation and Amortization, determined in accordance with generally accepted accounting practices, consistently applied
(“GAAP”). In the event Tenant fails to deliver to Landlord evidence reasonably satisfactory to Landlord demonstrating the Tenant satisfies the L-C Reduction Conditions (as modified by
Section 21.9.2, if applicable) prior to the applicable Reduction Date, or if Tenant fails to deliver a certificate of amendment to the existing L-C as required by this
Section 21.9, then the L-C Amount shall not be reduced upon such applicable Reduction Date, but the TCCs of this Section 21.9 shall remain effective,
provided that (subject to Section 21.9.1 above) any scheduled reductions in the L-C Amount shall take place immediately after such L-C
Reduction Conditions (as modified by Section 21.9.2, if applicable) are satisfied (provided that no such reductions shall be permitted in the event this Lease is terminated early as a result of a Tenant default under
Article 19 of this Lease). Landlord shall exercise commercially reasonable efforts to keep all such information provided to Landlord under the preceding sentence confidential, pursuant to the TCCs of
Section 29.28 below and subject to a commercially reasonable confidentiality agreement. 
 ARTICLE 22

 OPEN CEILING PLAN 

In the event that the Premises has an “open ceiling plan”, then Landlord and third parties leasing or otherwise using/managing or
servicing space on the floor immediately above the Premises shall have the right to install, maintain, repair and replace mechanical, electrical and plumbing fixtures, devices, piping, ductwork and all other improvements through the floor above the
Premises (which may penetrate through the ceiling of the Premises and be visible within the Premises during the course of construction and upon completion thereof) (as applicable, the “Penetrating Work”), as Landlord may determine
in Landlord’s sole and absolute discretion and with no approval rights being afforded to Tenant with respect thereto. Moreover, there shall be no obligation by Landlord or any such third 

  
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party to enclose or otherwise screen any of such Penetrating Work from view within the Premises, whether during the course of construction or upon completion thereof. Since Tenant is anticipated
to be occupying the Premises at the time the Penetrating Work is being performed, Landlord agrees that it shall (and shall cause third parties to) use commercially reasonable efforts to perform the Penetrating Work in a manner so as to attempt to
minimize interference with Tenant’s use of the Premises; provided, however, such Penetrating Work may be performed during normal business hours, without any obligation to pay overtime or other premiums. Tenant hereby acknowledges that,
notwithstanding Tenant’s occupancy of the Premises during the performance of any such Penetrating Work, Tenant hereby agrees that the performance of such Penetrating Work shall in no way constitute a constructive eviction of Tenant nor entitle
Tenant to any abatement of rent. Neither Landlord nor any of the Landlord Parties or any third parties performing the Penetrating Work shall be responsible for any direct or indirect injury to or interference with Tenant’s business arising from
the performance of such Penetrating Work, nor shall Tenant be entitled to any compensation or damages from Landlord or any of the Landlord Parties or any third parties performing the Penetrating Work for loss of the use of the whole or any part of
the Premises or of Tenant’s personal property or improvements resulting from the performance of the Penetrating Work, or for any inconvenience or annoyance occasioned by the Penetrating Work. In addition, Tenant hereby agrees to promptly and
diligently cooperate with Landlord and any of the third parties performing the Penetrating Work in order to facilitate the applicable party’s performance of the particular Penetrating Work in an efficient and timely manner. In connection with
the foregoing, Landlord shall use commercially reasonable efforts to perform any such Penetrating Work in a manner designed to minimize any damage to Tenant’s property, any interference with Tenant’s use of and access to the Premises,
and/or any changes to the open ceiling plan for the Premises. 
 ARTICLE 23 

SIGNS 

23.1    Full Floors. Subject to Landlord’s prior written approval, in its reasonable discretion, and
provided all signs are in keeping with the quality, design and style of the Building and Project, Tenant, if the Premises comprise an entire floor of the Building, at its sole cost and expense, may install identification signage anywhere in the
Premises including in the elevator lobby of the Premises, provided that such signs must not be visible from the exterior of the Building. 

23.2    Multi-Tenant Floors. If other tenants occupy space on the floor on which the Premises is located,
Tenant’s initial identifying signage shall be provided by Landlord, at Landlord’s cost, and such signage shall be comparable to that used by Landlord for other similar floors in the Building and shall comply with Landlord’s Building
standard signage program, and any subsequent changes to Tenant’s identifying signage shall be at Tenant’s sole cost and expense following Tenant’s receipt of Landlord’s consent thereto (which consent may be withheld in
Landlord’s sole and absolute discretion). 
 23.3    Building Directory. A building directory is
located in the lobby of the Building. Tenant shall have the right, at Landlord’s sole cost and expense as to Tenant’s initial name strip, to designate one (1) name strip on such directory, and any subsequent changes to Tenant’s
name strip shall be at Tenant’s sole cost and expense following Tenant’s receipt of Landlord’s consent thereto (which consent may be withheld in Landlord’s reasonable discretion). 

  
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 23.4    Prohibited Signage and Other Items. Any signs,
notices, logos, pictures, names or advertisements which are installed and that have not been separately approved by Landlord may be removed without notice by Landlord at the sole expense of Tenant. Tenant may not install any signs on the exterior or
roof of the Project or the Common Areas. Any signs, window coverings, or blinds (even if the same are located behind the Landlord-approved window coverings for the Building), or other items visible from the exterior of the Premises or Building,
shall be subject to the prior approval of Landlord, in its reasonable discretion. 
 ARTICLE 24 

COMPLIANCE WITH LAW 

Landlord shall comply with all Applicable Laws relating to the Base Building, provided that compliance with such Applicable Laws is not the
responsibility of Tenant under this Lease, and provided further that Landlord’s failure to comply therewith would prohibit Tenant from obtaining or maintaining a certificate of occupancy for the Premises, or would unreasonably and materially
affect the safety of Tenant’s employees or create a significant health hazard for Tenant’s employees. Landlord shall be permitted to include in Operating Expenses any costs or expenses incurred by Landlord under this
Article 24 to the extent not prohibited by the terms of Section 4.2.4 above. Landlord and Tenant hereby acknowledge that neither the Premises nor the Building have undergone inspection by a
Certified Access Specialist (CASp). As required by Section 1938(e) of the California Civil Code, Landlord hereby states as follows: “A Certified Access Specialist (CASp) can inspect the subject premises and determine whether the subject
premises comply with all of the applicable construction-related accessibility standards under state law. Although state law does not require a CASp inspection of the subject premises, the commercial property owner or lessor may not prohibit the
lessee or tenant from obtaining a CASp inspection of the subject premises for the occupancy or potential occupancy of the lessee or tenant, if requested by the lessee or tenant. The parties shall mutually agree on the arrangements for the time and
manner of the CASp inspection, the payment of the fee for the CASp inspection, and the cost of making any repairs necessary to correct violations of construction-related accessibility standards within the premises.” In furtherance of the
foregoing, Landlord and Tenant hereby agree as follows: (a) any CASp inspection requested by Tenant shall be conducted, at Tenant’s sole cost and expense, by a CASp designated by Landlord, subject to Landlord’s reasonable rules and
requirements; (b) Tenant, at its sole cost and expense, shall be responsible for making any improvements or repairs within the Premises to correct violations of construction-related accessibility standards identified by such CASp inspection;
and (c) if such CASp inspection requested by Tenant shall identify any required improvements or repairs to the Building or Project (outside the Premises) to correct violations of construction-related accessibility standards identified by such
CASp inspection, then Tenant shall reimburse Landlord upon demand, as Additional Rent, for the cost to Landlord of performing such improvements or repairs, but only to the extent such improvements or repairs are required by Applicable Laws to
correct such violations. 

  
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 Tenant shall not do anything or suffer anything to be done in or about the Premises or the
Project which will in any way conflict with any law, statute, ordinance or other governmental rule, regulation or requirement now in force or which may hereafter be enacted or promulgated, including, without limitation, any such governmental
regulations related to disabled access (collectively, “Applicable Laws”). At its sole cost and expense, Tenant shall promptly comply with all Applicable Laws (including the making of any alterations to the Premises required by
Applicable Laws) which relate to (i) Tenant’s particular use of the Premises, (ii) the Alterations or the Improvements in the Premises, or (iii) the Base Building, but, as to the Base Building, only to the extent such obligations
are triggered by Tenant’s Alterations, the Improvements (except as provided below), or use of the Premises for non-general office use. Should any standard or regulation now or hereafter be imposed on
Landlord or Tenant by a state, federal or local governmental body charged with the establishment, regulation and enforcement of occupational, health or safety standards for employers, employees, landlords or tenants, then Tenant agrees, at its sole
cost and expense, to comply promptly with such standards or regulations. The judgment of any court of competent jurisdiction or the admission of Tenant in any judicial action, regardless of whether Landlord is a party thereto, that Tenant has
violated any of said governmental measures, shall be conclusive of that fact as between Landlord and Tenant. Notwithstanding anything contained herein to the contrary, Landlord shall, at its sole cost (and not as an Operating Expense and not as a
reduction to the Improvement Allowance), promptly comply with all Applicable Laws (including the making of any alterations to the Building required by Applicable Laws) which relate to the Base Building and/or any path of travel in or to the Building
triggered by the Improvements to be constructed pursuant to the Work Letter, all to the extent the same is necessary for Tenant to obtain or maintain a certificate of occupancy for the Premises for general office use. 

ARTICLE 25 

LATE CHARGES 
 If any
installment of Rent or any other sum due from Tenant shall not be received by Landlord or Landlord’s designee when due, then Tenant shall pay to Landlord a late charge equal to five percent (5%) of the overdue amount plus any attorneys’
fees incurred by Landlord by reason of Tenant’s failure to pay Rent and/or other charges when due hereunder; provided, however, with regard to the first such failure in any twelve (12) month period, Landlord will waive such late charge to
the extent Tenant cures such failure within five (5) business days following Tenant’s receipt of written notice from Landlord that the same was not received when due. The late charge shall be deemed Additional Rent and the right to require
it shall be in addition to all of Landlord’s other rights and remedies hereunder or at law and shall not be construed as liquidated damages or as limiting Landlord’s remedies in any manner. In addition to the late charge described above,
any Rent or other amounts owing hereunder which are not paid within ten (10) days after the date they are due shall bear interest from the date when due until paid at the “Interest Rate.” For purposes of this Lease, the
“Interest Rate” shall be an annual rate equal to the lesser of (i) the annual “Bank Prime Loan” rate cited in the Federal Reserve Statistical Release Publication H.15(519), published weekly (or such other
comparable index as Landlord and Tenant shall reasonably agree upon if such rate ceases to be published), plus four (4) percentage points, and (ii) the highest rate permitted by applicable law. 

  
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 ARTICLE 26 

LANDLORD’S RIGHT TO CURE DEFAULT; PAYMENTS BY TENANT 

26.1    Landlord’s Cure. All covenants and agreements to be kept or performed by Tenant under this
Lease shall be performed by Tenant at Tenant’s sole cost and expense and without any reduction of Rent, except to the extent, if any, otherwise expressly provided herein. If Tenant shall fail to perform any obligation under this Lease, and such
failure shall continue in excess of the time allowed under Section 19.1.2, above, unless a specific time period is otherwise stated in this Lease, Landlord may, but shall not be obligated to, make any such payment or
perform any such act on Tenant’s part without waiving its rights based upon any default of Tenant and without releasing Tenant from any obligations hereunder. 

26.2    Tenant’s Reimbursement. Except as may be specifically provided to the contrary in this Lease,
Tenant shall pay to Landlord, upon delivery by Landlord to Tenant of statements therefor: (i) sums equal to expenditures reasonably made and obligations incurred by Landlord in connection with the remedying by Landlord of Tenant’s defaults
pursuant to the provisions of Section 26.1; (ii) sums equal to all losses, costs, liabilities, damages and expenses referred to in Article 10 of this Lease; and (iii) sums equal to all
expenditures made and obligations incurred by Landlord in collecting or attempting to collect the Rent or in enforcing or attempting to enforce any rights of Landlord under this Lease or pursuant to law, including, without limitation, all legal fees
and other amounts so expended. Tenant’s obligations under this Section 26.2 shall survive the expiration or sooner termination of the Lease Term; provided, however, to the extent such default results in a dispute
between the parties, the terms of Section 29.21 below shall control, rather than the foregoing subsection (iii). 

ARTICLE 27 

ENTRY BY LANDLORD 

Landlord reserves the right at all reasonable times (during Building Hours with respect to items (i) and (ii) below) and upon at
least twenty-four (24) hours prior notice to Tenant (except in the case of an emergency) to enter the Premises to (i) inspect them; (ii) show the Premises to prospective purchasers, or to current or prospective mortgagees, ground or
underlying lessors or insurers, or during the last twelve (12) months of the Lease Term, to prospective tenants; (iii) post notices of nonresponsibility; or (iv) alter, improve or repair the Premises or the Building, or for structural
alterations, repairs or improvements to the Building or the Building’s systems and equipment (including, without limitation, to perform Bracket’s obligations to remove the alterations, improvements, equipment and personal property in the
Suite 700 Server Room that are Bracket’s obligation to remove pursuant to that certain Lease Termination Agreement (the “Lease Termination Agreement”) being entered into by Landlord and Bracket concurrently herewith, and any
related restoration work required by such Lease Termination Agreement to the extent that Bracket fails to timely perform such obligations). Notwithstanding anything to the contrary contained in this Article 27, Landlord may
enter the Premises at any time to (A) perform services required of Landlord, 

  
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including janitorial service; (B) take possession due to any breach of this Lease in the manner provided herein; and (C) perform any covenants of Tenant which Tenant fails to perform
following the expiration of any applicable notice and cure period. Landlord may make any such entries without the abatement of Rent, except as otherwise provided in this Lease, and may take such reasonable steps as required to accomplish the stated
purposes; provided, however, except for (x) emergencies, (y) repairs, alterations, improvements or additions required by governmental or quasi-governmental authorities or court order or decree, or (z) repairs which are
the obligation of Tenant hereunder, any such entry shall be performed in a manner so as not to unreasonably interfere with Tenant’s use of the Premises and shall be performed after normal business hours if reasonably practical. With respect to
items (y) and (z) above, Landlord shall use commercially reasonable efforts to not materially interfere with Tenant’s use of, or access to, the Premises. Tenant hereby waives any claims for damages or for any injuries or
inconvenience to or interference with Tenant’s business, lost profits, any loss of occupancy or quiet enjoyment of the Premises, and any other loss occasioned thereby. For each of the above purposes, Landlord shall at all times have a key with
which to unlock all the doors in the Premises, excluding Tenant’s vaults, safes and special security areas designated in advance by Tenant. In an emergency, Landlord shall have the right to use any means that Landlord may deem proper to open
the doors in and to the Premises. Any entry into the Premises by Landlord in the manner hereinbefore described shall not be deemed to be a forcible or unlawful entry into, or a detainer of, the Premises, or an actual or constructive eviction of
Tenant from any portion of the Premises. No provision of this Lease shall be construed as obligating Landlord to perform any repairs, alterations or decorations except as otherwise expressly agreed to be performed by Landlord herein. In connection
with any such entry to the Premises, Landlord shall comply with Tenant’s reasonably established security measures previously communicated to Landlord in writing. 

ARTICLE 28 

TENANT PARKING 
 Tenant
shall have the right to rent, on a monthly basis throughout the Lease Term commencing on the Lease Commencement Date, the amount of unreserved parking passes set forth in Section 9 of the Summary, all of which parking
passes shall pertain to the Project parking facility. Tenant shall have the right to increase (subject to availability, as determined by Landlord in its sole discretion, and provided that Landlord shall have the right from time to time to terminate
Tenant’s rental of all or any portion of such increased number of parking passes upon at least thirty (30) days prior written notice to Tenant) or decrease the number of unreserved parking passes rented by Tenant from time to time upon at
least thirty (30) days prior written notice to Landlord, provided that in no event shall Tenant be entitled to rent more than the amount of unreserved parking passes set forth in Section 9 of the Summary. Tenant shall
pay to Landlord (or its designee) for the parking passes on a monthly basis at the prevailing rate charged from time to time at the location of such parking passes, which rate as of the date of this Lease is $330.00 per pass per month. In addition
to any fees that may be charged to Tenant in connection with its parking of automobiles in the Project parking facility, Tenant shall be responsible for the full amount of any taxes imposed by any governmental authority in connection with the
renting of such parking passes by Tenant or the use of the parking facility by Tenant. Tenant’s continued right to use the parking passes is conditioned upon Tenant abiding by all rules and 

  
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regulations which are prescribed from time to time for the orderly operation and use of the parking facility where the parking passes are located, including any sticker or other identification
system established by Landlord, Tenant’s cooperation in seeing that Tenant’s employees and visitors also comply with such rules and regulations and Tenant not being in default under this Lease. Landlord specifically reserves the right to
change the size, configuration, design, layout and all other aspects of the Project parking facility at any time so long as Tenant is provided with the number of parking passes provided herein, and Tenant acknowledges and agrees that Landlord may,
without incurring any liability to Tenant and without any abatement of Rent under this Lease, from time to time, close-off or restrict access to the Project parking facility for purposes of permitting or
facilitating any such construction, alteration or improvements. Landlord may, at any time, institute valet assisted parking, tandem parking stalls, “stack” parking, or other parking program within the Project parking facility, the cost of
which shall be included in Operating Expenses. Landlord may delegate its responsibilities hereunder to a parking operator in which case such parking operator shall have all the rights of control attributed hereby to the Landlord. The parking passes
rented by Tenant pursuant to this Article 28 are provided to Tenant solely for use by Tenant’s own personnel and such passes may not be transferred, assigned, subleased or otherwise alienated by Tenant separate and
apart from this Lease without Landlord’s prior approval. Tenant may validate visitor parking by such method or methods as the Landlord may establish, at the validation rate from time to time generally applicable to visitor parking. 

ARTICLE 29 

MISCELLANEOUS PROVISIONS 

29.1    Terms; Captions. The words “Landlord” and “Tenant” as used herein shall include
the plural as well as the singular. The necessary grammatical changes required to make the provisions hereof apply either to corporations or partnerships or individuals, men or women, as the case may require, shall in all cases be assumed as though
in each case fully expressed. The captions of Articles and Sections are for convenience only and shall not be deemed to limit, construe, affect or alter the meaning of such Articles and Sections. 

29.2    Binding Effect. Subject to all other provisions of this Lease, each of the covenants, conditions and
provisions of this Lease shall extend to and shall, as the case may require, bind or inure to the benefit not only of Landlord and of Tenant, but also of their respective heirs, personal representatives, successors or assigns, provided this clause
shall not permit any assignment by Tenant contrary to the provisions of Article 14 of this Lease. 

29.3    No Air Rights. No rights to any view or to light or air over any property, whether belonging to
Landlord or any other person, are granted to Tenant by this Lease. If at any time any windows of the Premises is temporarily darkened or the light or view therefrom is obstructed by reason of any repairs, improvements, maintenance or cleaning in or
about the Project, the same shall be without liability to Landlord and without any reduction or diminution of Tenant’s obligations under this Lease. 

29.4    Modification of Lease. Should any current or prospective mortgagee or ground lessor for the Building
or Project require a modification of this Lease, which modification will not cause an 

  
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increased cost or expense to Tenant or in any other way materially and adversely change the rights and obligations of Tenant hereunder, then and in such event, Tenant agrees that this Lease may
be so modified and agrees to execute whatever documents are reasonably required therefor and to deliver the same to Landlord within ten (10) business days following a request therefor. At the request of Landlord or any mortgagee or ground
lessor, Tenant agrees to execute a short form of Lease and deliver the same to Landlord within ten (10) business days following the request therefor. 

29.5    Transfer of Landlord’s Interest. Tenant acknowledges that Landlord has the right to transfer
all or any portion of its interest in the Project or Building and in this Lease, and Tenant agrees that in the event of any such transfer, Landlord shall automatically be released from all liability under this Lease and Tenant agrees to look solely
to such transferee for the performance of Landlord’s obligations hereunder after the date of transfer and such transferee shall be deemed to have fully assumed and be liable for all obligations of this Lease to be performed by Landlord
(including the return of the L-C), and Tenant shall attorn to such transferee. Tenant further acknowledges that Landlord may assign its interest in this Lease to a mortgage lender as additional security and
agrees that such an assignment shall not release Landlord from its obligations hereunder and that Tenant shall continue to look to Landlord for the performance of its obligations hereunder. 

29.6    Prohibition Against Recording or Publication. Neither this Lease, nor any memorandum, affidavit or
other writing with respect thereto, shall be recorded or otherwise published by Tenant or by anyone acting through, under or on behalf of Tenant. 

29.7    Landlord’s Title. Landlord’s title is and always shall be paramount to the title of
Tenant. Nothing herein contained shall empower Tenant to do any act which can, shall or may encumber the title of Landlord. 

29.8    Relationship of Parties. Nothing contained in this Lease shall be deemed or construed by the parties
hereto or by any third party to create the relationship of principal and agent, partnership, joint venturer or any association between Landlord and Tenant. 

29.9    Application of Payments. Landlord shall have the right to apply payments received from Tenant
pursuant to this Lease, regardless of Tenant’s designation of such payments, to satisfy any obligations of Tenant hereunder, in such order and amounts as Landlord, in its sole discretion, may elect. 

29.10    Time of Essence. Time is of the essence with respect to the performance of every provision of this
Lease in which time of performance is a factor. 
 29.11    Partial Invalidity. If any term, provision or
condition contained in this Lease shall, to any extent, be invalid or unenforceable, the remainder of this Lease, or the application of such term, provision or condition to persons or circumstances other than those with respect to which it is
invalid or unenforceable, shall not be affected thereby, and each and every other term, provision and condition of this Lease shall be valid and enforceable to the fullest extent possible permitted by law. 

  
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 29.12    No Warranty. In executing and delivering this
Lease, Tenant has not relied on any representations, including, but not limited to, any representation as to the amount of any item comprising Additional Rent or the amount of the Additional Rent in the aggregate or that Landlord is furnishing the
same services to other tenants, at all, on the same level or on the same basis, or any warranty or any statement of Landlord which is not set forth herein or in one or more of the exhibits attached hereto. Tenant agrees that neither Landlord nor any
agent of Landlord has made any representation or warranty with respect to the physical condition of the Building, the Project, the land upon which the Building or the Project are located, or the Premises, or the expenses of operation of the
Premises, the Building or the Project, or any other matter or thing affecting or related to the Premises, except as herein expressly set forth in the provisions of this Lease. 

29.13    Landlord Exculpation. The liability of Landlord or the Landlord Parties to Tenant for any default
by Landlord under this Lease or arising in connection herewith or with Landlord’s operation, management, leasing, repair, renovation, alteration or any other matter relating to the Project or the Premises shall be limited solely and exclusively
to an amount which is equal to the net interest of Landlord in the Building and any rent, income or proceeds therefrom (following payment of any outstanding liens and/or mortgages, whether attributable to sales or insurance proceeds or otherwise).
Neither Landlord, nor any of the Landlord Parties shall have any personal liability therefor, and Tenant hereby expressly waives and releases such personal liability on behalf of itself and all persons claiming by, through or under Tenant. The
limitations of liability contained in this Section 29.13 shall inure to the benefit of Landlord’s and the Landlord Parties’ present and future partners, beneficiaries, officers, directors, trustees, shareholders,
agents and employees, and their respective partners, heirs, successors and assigns. Under no circumstances shall any present or future partner of Landlord (if Landlord is a partnership), or trustee or beneficiary (if Landlord or any partner of
Landlord is a trust), have any liability for the performance of Landlord’s obligations under this Lease. Notwithstanding any contrary provision herein, neither Landlord nor the Landlord Parties, nor Tenant nor the Tenant Parties, shall be
liable under any circumstances for injury or damage to, or interference with, a party’s business, including but not limited to, loss of profits, loss of rents or other revenues, loss of business opportunity, loss of goodwill or loss of use, in
each case, however occurring, except in connection with any holdover in the Premises by Tenant as set forth in Article 16 of this Lease. 

29.14    Entire Agreement. It is understood and acknowledged that there are no oral agreements between the
parties hereto affecting this Lease and this Lease constitutes the parties’ entire agreement with respect to the leasing of the Premises and supersedes and cancels any and all previous negotiations, arrangements, brochures, agreements and
understandings, if any, between the parties hereto (including, without limitation, any confidentiality agreement, letter of intent, request for proposal, or similar agreement previously entered into between Landlord and Tenant in anticipation of
this Lease) or displayed by Landlord to Tenant with respect to the subject matter thereof, and none thereof shall be used to interpret or construe this Lease. None of the terms, covenants, conditions or provisions of this Lease can be modified,
deleted or added to except in writing signed by the parties hereto. 

  
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 29.15    Right to Lease. Landlord reserves the absolute
right to effect such other tenancies in the Project as Landlord in the exercise of its sole business judgment shall determine to best promote the interests of the Building or Project. Tenant does not rely on the fact, nor does Landlord represent,
that any specific tenant or type or number of tenants shall, during the Lease Term, occupy any space in the Building or Project. 

29.16    Force Majeure. Any prevention, delay or stoppage due to strikes, lockouts, labor disputes, acts of
God, inability to obtain services, labor, or materials or reasonable substitutes therefor, governmental actions, civil commotions, fire or other casualty, and other causes beyond the reasonable control of the party obligated to perform, except with
respect to the obligations imposed with regard to Rent and other charges to be paid by Tenant pursuant to this Lease and except as to Tenant’s obligations under Articles 5 and 24 of this Lease (collectively, a “Force
Majeure”), notwithstanding anything to the contrary contained in this Lease, shall excuse the performance of such party for a period equal to any such prevention, delay or stoppage and, therefore, if this Lease specifies a time period for
performance of an obligation of either party, that time period shall be extended by the period of any delay in such party’s performance caused by a Force Majeure. 

29.17    Waiver of Redemption by Tenant. Tenant hereby waives, for Tenant and for all those claiming under
Tenant, any and all rights now or hereafter existing to redeem by order or judgment of any court or by any legal process or writ, Tenant’s right of occupancy of the Premises after any termination of this Lease. 

29.18    Notices. All notices, demands, statements or communications (collectively,
“Notices”) given or required to be given by either party to the other hereunder shall be in writing, shall be (A) delivered by a nationally recognized overnight courier, or (B) delivered personally. Any such Notice shall
be delivered (i) to Tenant at the appropriate address set forth in Section 10 of the Summary, or to such other place as Tenant may from time to time designate in a Notice to Landlord; or (ii) to Landlord at the
addresses set forth in Section 11 of the Summary, or to such other firm or to such other place as Landlord may from time to time designate in a Notice to Tenant. Any Notice will be deemed given on the date of receipted
delivery, of refusal to accept delivery, or when delivery is first attempted but cannot be made due to a change of address for which no Notice was given. If Tenant is notified of the identity and address of Landlord’s mortgagee or ground or
underlying lessor, Tenant shall give to such mortgagee or ground or underlying lessor written notice of any default by Landlord under the terms of this Lease by registered or certified mail, and such mortgagee or ground or underlying lessor shall be
given a reasonable opportunity to cure such default prior to Tenant’s exercising any remedy available to Tenant. The party delivering Notice shall use commercially reasonable efforts to provide a courtesy copy of each such Notice to the
receiving party via electronic mail. 
 29.19    Joint and Several. If there is more than one Tenant, the
obligations imposed upon Tenant under this Lease shall be joint and several. 
 29.20    Authority. If
Tenant is a corporation, trust or partnership, Tenant hereby represents and warrants that Tenant is a duly formed and existing entity qualified to do business in California and that Tenant has full right and authority to execute and deliver this
Lease and that each person signing 

  
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on behalf of Tenant is authorized to do so. In such event, Tenant shall, within ten (10) days after execution of this Lease, deliver to Landlord reasonably satisfactory evidence of such
authority and, if a corporation, upon demand by Landlord, also deliver to Landlord reasonably satisfactory evidence of (i) good standing in Tenant’s state of incorporation and (ii) qualification to do business in California. Landlord
hereby represents and warrants that Landlord is a duly formed and existing entity qualified to do business in California and that Landlord has full right and authority to execute and deliver this Lease and that each person signing on behalf of
Landlord is authorized to do so. 
 29.21    Attorneys’ Fees. In the event that either Landlord or
Tenant should bring suit for the possession of the Premises, for the recovery of any sum due under this Lease, or because of the breach of any provision of this Lease or for any other relief against the other, then all costs and expenses, including
reasonable attorneys’ fees, incurred by the prevailing party therein shall be paid by the other party, which obligation on the part of the other party shall be deemed to have accrued on the date of the commencement of such action and shall be
enforceable whether or not the action is prosecuted to judgment. 
 29.22    Governing Law; WAIVER OF TRIAL BY
JURY. This Lease shall be construed and enforced in accordance with the laws of the State of California. IN ANY ACTION OR PROCEEDING ARISING HEREFROM, LANDLORD AND TENANT HEREBY CONSENT TO (I) THE JURISDICTION OF ANY COMPETENT COURT
WITHIN THE STATE OF CALIFORNIA, (II) SERVICE OF PROCESS BY ANY MEANS AUTHORIZED BY CALIFORNIA LAW, AND (III) IN THE INTEREST OF SAVING TIME AND EXPENSE, TRIAL WITHOUT A JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM BROUGHT BY EITHER OF
THE PARTIES HERETO AGAINST THE OTHER OR THEIR SUCCESSORS IN RESPECT OF ANY MATTER ARISING OUT OF OR IN CONNECTION WITH THIS LEASE, THE RELATIONSHIP OF LANDLORD AND TENANT, TENANT’S USE OR OCCUPANCY OF THE PREMISES, AND/OR ANY CLAIM FOR INJURY
OR DAMAGE, OR ANY EMERGENCY OR STATUTORY REMEDY. IN THE EVENT LANDLORD COMMENCES ANY SUMMARY PROCEEDINGS OR ACTION FOR NONPAYMENT OF BASE RENT OR ADDITIONAL RENT, TENANT SHALL NOT INTERPOSE ANY COUNTERCLAIM OF ANY NATURE OR DESCRIPTION (UNLESS SUCH
COUNTERCLAIM SHALL BE MANDATORY) IN ANY SUCH PROCEEDING OR ACTION, BUT SHALL BE RELEGATED TO AN INDEPENDENT ACTION AT LAW. 

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

29.24    Brokers. Landlord and Tenant hereby warrant to each other that they have had no dealings with any
real estate broker or agent in connection with the negotiation of this Lease, excepting only the real estate brokers or agents specified in Section 12 of the Summary (the “Brokers”), and that they know of
no other real estate broker or agent who is entitled to a commission in connection with this Lease. Landlord shall pay the Brokers pursuant to the terms of separate commission agreements. Each party agrees to indemnify and defend the other party
against and hold the other party harmless from any and all claims, demands, losses, liabilities, lawsuits, judgments, costs and 

  
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expenses (including without limitation reasonable attorneys’ fees) with respect to any leasing commission or equivalent compensation alleged to be owing on account of any dealings with any
real estate broker or agent, other than the Brokers, occurring by, through, or under the indemnifying party. 

29.25    Independent Covenants. This Lease shall be construed as though the covenants herein between
Landlord and Tenant are independent and not dependent and Tenant hereby expressly waives the benefit of any statute to the contrary and agrees that if Landlord fails to perform its obligations set forth herein, Tenant shall not be entitled to make
any repairs or perform any acts hereunder at Landlord’s expense or to any setoff of the Rent or other amounts owing hereunder against Landlord. 

29.26    Project or Building Name and Signage. Landlord shall have the right at any time to change the name
of the Project or Building and to install, affix and maintain any and all signs on the exterior and on the interior of the Project or Building as Landlord may, in Landlord’s sole discretion, desire, except on the Rooftop Deck or, during the
initial Lease Term only, within one full floor above such Rooftop Deck (i.e., Landlord may install, affix and maintain signs on the exterior of the Building above the Rooftop Deck [e.g., the Building parapet], but may not install or affix any signs
upon the Rooftop Deck). Tenant shall not use the name of the Project or Building or use pictures or illustrations of the Project or Building in advertising or other publicity or for any purpose other than as the address of the business to be
conducted by Tenant in the Premises, without the prior written consent of Landlord. 

29.27    Counterparts. This Lease may be executed in counterparts with the same effect as if both parties
hereto had executed the same document. Both counterparts shall be construed together and shall constitute a single lease. 

29.28    Confidentiality. Tenant acknowledges that the economic or material
non-economic content of this Lease and any related documents are confidential information. Tenant shall keep such confidential information strictly confidential and shall not disclose such confidential
information to any person or entity other than Tenant’s financial, legal, and space planning consultants, agents or prospective transferees. 

29.29    Transportation Management. Tenant shall fully comply with all present or future programs mandated
by a governmental authority intended to manage parking, transportation or traffic in and around the Building, and in connection therewith, Tenant shall take responsible action for the transportation planning and management of all employees located
at the Premises by working directly with Landlord, any governmental transportation management organization or any other transportation-related committees or entities. 

29.30    Building Renovations. It is specifically understood and agreed that Landlord has made no
representation or warranty to Tenant and has no obligation and has made no promises to alter, remodel, improve, renovate, repair or decorate the Premises, Building, or any part thereof and that no representations respecting the condition of the
Premises or the Building have been made by Landlord to Tenant except as specifically set forth herein or in the Work Letter. However, Tenant hereby acknowledges that Landlord is currently renovating or may during the Lease Term renovate, improve,

  
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alter, or modify (collectively, the “Renovations”) the Project, the Building and/or the Premises including without limitation the parking structure, common areas, systems and
equipment, roof, and structural portions of the same, which Renovations may include, without limitation, (i) installing sprinklers in the Building common areas and tenant spaces, (ii) modifying the common areas and tenant spaces to comply
with applicable laws and regulations, including regulations relating to the physically disabled, seismic conditions, and building safety and security, and (iii) installing new floor covering, lighting, and wall coverings in the Building common
areas, and in connection with any Renovations, Landlord may, among other things, erect scaffolding or other necessary structures in the Building, limit or eliminate access to portions of the Project, including portions of the common areas, or
perform work in the Building, which work may create noise, dust or leave debris in the Building. Tenant hereby agrees that such Renovations and Landlord’s actions in connection with such Renovations shall in no way constitute a constructive
eviction of Tenant nor entitle Tenant to any abatement of Rent. Landlord shall have no responsibility or for any reason be liable to Tenant for any direct or indirect injury to or interference with Tenant’s business arising from the
Renovations, nor shall Tenant be entitled to any compensation or damages from Landlord for loss of the use of the whole or any part of the Premises or of Tenant’s personal property or improvements resulting from the Renovations or
Landlord’s actions in connection with such Renovations, or for any inconvenience or annoyance occasioned by such Renovations or Landlord’s actions. Landlord shall use commercially reasonable efforts to perform any such Renovations in a
manner designed to minimize interference with Tenant’s use of and access to the Premises. 
 29.31    No
Violation. Tenant hereby warrants and represents that neither its execution of nor performance under this Lease shall cause Tenant to be in violation of any agreement, instrument, contract, law, rule or regulation by which Tenant is bound,
and Tenant shall protect, defend, indemnify and hold Landlord harmless against any claims, demands, losses, damages, liabilities, costs and expenses, including, without limitation, reasonable attorneys’ fees and costs, arising from
Tenant’s breach of this warranty and representation. Landlord hereby warrants and represents that neither its execution of nor performance under this Lease shall cause Landlord to be in violation of any agreement, instrument, contract, law,
rule or regulation by which Landlord is bound, and Landlord shall protect, defend, indemnify and hold Tenant harmless against any claims, demands, losses, damages, liabilities, costs and expenses, including, without limitation, reasonable
attorneys’ fees and costs, arising from Landlord’s breach of this warranty and representation. 

29.32    Communications and Computer Lines. Tenant may install, maintain, replace, remove or use any
communications or computer wires and cables (collectively, the “Lines”) at the Project in or serving the Premises, provided that (i) Tenant shall obtain Landlord’s prior written consent, use Landlord’s designated
contractor for provision of cabling and riser management services (or, if Landlord does not have a designated contractor, then an experienced and qualified contractor reasonably approved in writing by Landlord), and comply with all of the other
provisions of Articles 7 and 8 of this Lease, (ii) an acceptable number of spare Lines and space for additional Lines shall be maintained for existing and future occupants of the Project, as determined in Landlord’s
reasonable opinion, (iii) the Lines therefor (including riser cables) shall be (x) appropriately insulated to prevent excessive electromagnetic fields or radiation, (y) surrounded by a protective conduit reasonably acceptable to
Landlord, and (z) identified in accordance with the “Identification Requirements,” as 

  
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that term is set forth hereinbelow, (iv) any new or existing Lines servicing the Premises shall comply with all applicable governmental laws and regulations, (v) as a condition to
permitting the installation of new Lines, Tenant shall remove existing Lines located in or serving the Premises and repair any damage in connection with such removal, and (vi) Tenant shall pay all costs in connection therewith. All Lines shall
be clearly marked with adhesive plastic labels (or plastic tags attached to such Lines with wire) to show Tenant’s name, suite number, telephone number and the name of the person to contact in the case of an emergency (A) every four feet
(4’) outside the Premises (specifically including, but not limited to, the electrical room risers and other Common Areas), and (B) at the Lines’ termination point(s) (collectively, the “Identification Requirements”).
Upon the expiration of the Lease Term, or immediately following any earlier termination of this Lease, Tenant shall, at Tenant’s sole cost and expense, remove all Lines installed by Tenant, and repair any damage caused by such removal. In the
event that Tenant fails to complete such removal and/or fails to repair any damage caused by the removal of any Lines, Landlord may do so and may charge the cost thereof to Tenant. Landlord reserves the right to require that Tenant remove any Lines
located in or serving the Premises which are installed in violation of these provisions, or which were installed by or on behalf of Tenant and are at any time (1) are in violation of any Applicable Laws, (2) are inconsistent with
then-existing industry standards (such as the standards promulgated by the National Fire Protection Association (e.g., such organization’s “2002 National Electrical Code”)), or (3) otherwise represent a dangerous or potentially
dangerous condition. 
 29.33    Hazardous Substances. 

29.33.1    Definitions. For purposes of this Lease, the following definitions shall apply: “Hazardous
Material(s)” shall mean any solid, liquid or gaseous substance or material that is described or characterized as a toxic or hazardous substance, waste, material, pollutant, contaminant or infectious waste, or any matter that in certain
specified quantities would be injurious to the public health or welfare, or words of similar import, in any of the “Environmental Laws,” as that term is defined below, or any other words which are intended to define, list or classify
substances by reason of deleterious properties such as ignitability, corrosivity, reactivity, carcinogenicity, toxicity or reproductive toxicity and includes, without limitation, asbestos, petroleum (including crude oil or any fraction thereof,
natural gas, natural gas liquids, liquefied natural gas, or synthetic gas usable for fuel, or any mixture thereof), petroleum products, polychlorinated biphenyls, urea formaldehyde, radon gas, nuclear or radioactive matter, medical waste, soot,
vapors, fumes, acids, alkalis, chemicals, microbial matters (such as molds, fungi or other bacterial matters), biological agents and chemicals which may cause adverse health effects, including but not limited to, cancers and /or toxicity.
“Environmental Laws” shall mean any and all federal, state, local or quasi-governmental laws (whether under common law, statute or otherwise), ordinances, decrees, codes, rulings, awards, rules, regulations or guidance or policy
documents now or hereafter enacted or promulgated and as amended from time to time, in any way relating to (i) the protection of the environment, the health and safety of persons (including employees), property or the public welfare from actual
or potential release, discharge, escape or emission (whether past or present) of any Hazardous Materials or (ii) the manufacture, processing, distribution, use, treatment, storage, disposal, transport or handling of any Hazardous Materials.

  
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 29.33.2    Compliance with Environmental Laws. Landlord
covenants that during the Lease Term, Landlord shall comply with all Environmental Laws in accordance with, and as required by, the TCCs of Article 24 of this Lease. Tenant represents and warrants that, except as herein set
forth, it will not use, store or dispose of any Hazardous Materials in or on the Premises. However, notwithstanding the preceding sentence, Landlord agrees that Tenant may use, store and properly dispose of commonly available household cleaners and
chemicals to maintain the Premises and Tenant’s routine office operations (such as printer toner and copier toner) (hereinafter the “Permitted Chemicals”). Landlord and Tenant acknowledge that any or all of the Permitted
Chemicals described in this paragraph may constitute Hazardous Materials. However, Tenant may use, store and dispose of same, provided that in doing so, Tenant fully complies with all Environmental Laws. 

29.33.3    Tenant Hazardous Materials. Tenant will (i) obtain and maintain in full force and effect all
Environmental Permits (as defined below) that may be required from time to time under any Environmental Laws applicable to Tenant or the Premises, and (ii) be and remain in compliance with all terms and conditions of all such Environmental
Permits and with all other Environmental Laws. “Environmental Permits” means, collectively, any and all permits, consents, licenses, approvals and registrations of any nature at any time required pursuant to, or in order to comply
with any Environmental Law. On or before the Lease Commencement Date and on each annual anniversary of the Commencement Date thereafter, as well as at any other time following Tenant’s receipt of a reasonable request from Landlord, Tenant
agrees to deliver to Landlord a list of all Hazardous Materials anticipated to be used by Tenant in the Premises and the quantities thereof. At any time following Tenant’s receipt of a request from Landlord, Tenant shall promptly complete an
“environmental questionnaire” using the form then-provided by Landlord. Upon the expiration or earlier termination of this Lease, Tenant agrees to promptly remove from the Premises, the Building and the Project, at its sole cost and
expense, any and all Hazardous Materials, including any equipment or systems containing Hazardous Materials, which are installed, brought upon, stored, used, generated or released upon, in, under or about the Premises, the Building, and/or the
Project or any portion thereof by Tenant and/or any Tenant Parties (such obligation to survive the expiration or sooner termination of this Lease). Nothing in this Lease shall impose any liability on Tenant for any Hazardous Materials in existence
on the Premises, Building or Project prior to the Lease Commencement Date or brought onto the Premises, Building or Project after the Lease Commencement Date by any third parties not under Tenant’s control. 

29.33.4    Landlord’s Right of Environmental Audit. Landlord may, upon reasonable notice to Tenant, be
granted access to and enter the Premises no more than once annually to perform or cause to have performed an environmental inspection, site assessment or audit. Such environmental inspector or auditor may be chosen by Landlord, in its sole
discretion, and be performed at Landlord’s sole expense. To the extent that the report prepared upon such inspection, assessment or audit, indicates the presence of Hazardous Materials in violation of Environmental Laws caused by Tenant or any
Tenant Parties, or provides recommendations or suggestions to prohibit the release, discharge, escape or emission of any Hazardous Materials at, upon, under or within the Premises caused by Tenant or any Tenant Parties, or to comply with any
Environmental Laws to the extent in violation thereof due to Tenant’s or any Tenant Party’s acts or failures to act, Tenant shall promptly, at 

  
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Tenant’s sole expense, comply with such recommendations or suggestions, including, but not limited to performing such additional investigative or subsurface investigations or remediation(s)
as recommended by such inspector or auditor. Notwithstanding the above, if at any time, Landlord has actual notice or reasonable cause to believe that Tenant has violated, or permitted any violations of any Environmental Law, then Landlord will be
entitled to perform its environmental inspection, assessment or audit at any time, notwithstanding the above mentioned annual limitation, and if it is determined that violations by Tenant (or permitted by Tenant) exist, then Tenant must reimburse
Landlord for the cost or fees incurred for such as Additional Rent. 
 29.33.5    Indemnifications.
Landlord agrees to indemnify, defend, protect and hold harmless the Tenant Parties from and against any liability, obligation, damage or costs, including without limitation, attorneys’ fees and costs, resulting directly or indirectly from any
use, presence, removal or disposal of any Hazardous Materials to the extent such liability, obligation, damage or costs was a result of actions caused or knowingly permitted by Landlord or a Landlord Party. Tenant agrees to indemnify, defend,
protect and hold harmless the Landlord Parties from and against any liability, obligation, damage or costs, including without limitation, attorneys’ fees and costs, resulting directly or indirectly from any use, presence, removal or disposal of
any Hazardous Materials or breach of any provision of this section, to the extent such liability, obligation, damage or costs was a result of actions caused or permitted by Tenant or a Tenant Party. 

29.34    Office and Communications Services. 

29.34.1    The Provider. Landlord has advised Tenant that certain office and communications services (which
may include, without limitation, cable or satellite television service) may be offered to tenants of the Building by a concessionaire (which may or may not have exclusive rights to offer such services in the Building) under contract to Landlord
(“Provider”). Tenant shall be permitted to contract with Provider for the provision of any or all of such services on such terms and conditions as Tenant and Provider may agree. 

29.34.2    Other Terms. Tenant acknowledges and agrees that: (i) Landlord has made no warranty or
representation to Tenant with respect to the availability of any such services, or the quality, reliability or suitability thereof; (ii) the Provider is not acting as the agent or representative of Landlord in the provision of such services,
and Landlord shall have no liability or responsibility for any failure or inadequacy of such services, or any equipment or facilities used in the furnishing thereof, or any act or omission of Provider, or its agents, employees, representatives,
officers or contractors; (iii) Landlord shall have no responsibility or liability for the installation, alteration, repair, maintenance, furnishing, operation, adjustment or removal of any such services, equipment or facilities; and
(iv) any contract or other agreement between Tenant and Provider shall be independent of this Lease, the obligations of Tenant hereunder, and the rights of Landlord hereunder, and, without limiting the foregoing, no default or failure of
Provider with respect to any such services, equipment or facilities, or under any contract or agreement relating thereto, shall have any effect on this Lease or give to Tenant any offset or defense to the full and timely performance of its
obligations hereunder, or entitle Tenant to any abatement of rent or additional rent or any other payment required to be made by Tenant hereunder, or constitute any accrual or constructive eviction of Tenant, or otherwise give rise to any other
claim of any nature against Landlord. 

  
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 29.35    Water Sensors. Tenant shall, at Tenant’s
sole cost and expense, be responsible for promptly installing web-enabled wireless water leak sensor devices designed to alert the Tenant on a twenty-four (24) hour seven (7) day per week basis if a
water leak is occurring in the Premises (which water sensor device(s) located in the Premises shall be referred to herein as “Water Sensors”). The Water Sensors shall be installed in any areas in the Premises where water is utilized
(such as sinks, pipes, faucets, water heaters, coffee machines, ice machines, water dispensers and water fountains), and in locations that may be designated from time to time by Landlord (the “Sensor Areas”). In connection with any
Alterations affecting or relating to any Sensor Areas, Landlord may require Water Sensors to be installed or updated in Landlord’s sole and absolute discretion. With respect to the installation of any such Water Sensors, Tenant shall obtain
Landlord’s prior written consent, use an experienced and qualified contractor reasonably designated by Landlord, and comply with all of the other provisions of Article 8 of this Lease. Tenant shall, at Tenant’s
sole cost and expense, pursuant to Article 7 of this Lease keep any Water Sensors located in the Premises (whether installed by Tenant or someone else) in good working order, repair and condition at all times during the
Lease Term and comply with all of the other provisions of Article 7 of this Lease. Notwithstanding any provision to the contrary contained herein, Landlord has neither an obligation to monitor, repair or otherwise maintain
the Water Sensors, nor an obligation to respond to any alerts it may receive from the Water Sensors or which may be generated from the Water Sensors. Upon the expiration of the Lease Term, or immediately following any earlier termination of this
Lease, Landlord reserves the right to require Tenant, at Tenant’s sole cost and expense, to remove all Water Sensors installed by Tenant, and repair any damage caused by such removal; provided, however, if the Landlord does not require the
Tenant to remove the Water Sensors as contemplated by the foregoing, then Tenant shall leave the Water Sensors in place together with all necessary user information such that the same may be used by a future occupant of the Premises (e.g., the Water
Sensors shall be unblocked and ready for use by a third-party). If Tenant is required to remove the Water Sensors pursuant to the foregoing and Tenant fails to complete such removal and/or fails to repair any damage caused by the removal of any
Water Sensors, Landlord may do so and may charge the cost thereof to Tenant. 
 29.36    LEED
Certification. Landlord may, in Landlord’s sole and absolute discretion, elect to apply to obtain or maintain a LEED certification for the Project (or portion thereof), or other applicable certification in connection with
Landlord’s sustainability practices for the Project (as such sustainability practices are to be determined by Landlord, in its sole and absolute discretion, from time to time). In the event that Landlord elects to pursue such an aforementioned
certification, Tenant shall, at Tenant’s sole cost and expense (to the extent it is at no more than a de minimis cost or expense to Tenant), promptly cooperate with the Landlord’s efforts in connection therewith and provide Landlord with
any documentation it may reasonably need in order to obtain or maintain the aforementioned certification (which cooperation may include, but shall not be limited to, Tenant complying with certain standards pertaining to the purchase of materials
used in connection with any Alterations or improvements undertaken by the Tenant in the Project, the sharing of documentation pertaining to any Alterations or improvements undertaken by Tenant in the Project with Landlord, and the sharing of
Tenant’s billing information pertaining to trash removal and recycling related to Tenant’s operations in the Project). 

  
 -91- 

 29.37    Utility Billing Information. In the event that
the Tenant is permitted to contract directly for the provision of electricity, gas and/or water services to the Premises with the third-party provider thereof (all in Landlord’s sole and absolute discretion), Tenant shall promptly, but in no
event more than ten (10) business days following its receipt of each and every invoice for such items from the applicable provider, provide Landlord with a copy of each such invoice. Tenant acknowledges that pursuant to California Public
Resources Code Section 25402.10 and the regulations adopted pursuant thereto (collectively the “Energy Disclosure Requirements”), Landlord may be required to disclose information concerning Tenant’s energy usage at the
Building to certain third parties, including, without limitation, prospective purchasers, lenders and tenants of the Building (the “Tenant Energy Use Disclosure”). Tenant hereby (A) consents to all such Tenant Energy Use
Disclosures, and (B) acknowledges that Landlord shall not be required to notify Tenant of any Tenant Energy Use Disclosure. Further, Tenant hereby releases Landlord from any and all losses, costs, damages, expenses and liabilities relating to,
arising out of and/or resulting from any Tenant Energy Use Disclosure. The terms of this Section 29.37 shall survive the expiration or earlier termination of this Lease. 

29.38    Green Cleaning/Recycling. To the extent a “green cleaning program” and/or a recycling
program is implemented by Landlord in the Building and/or Project (each in Landlord’s sole and absolute discretion), Tenant shall, at Tenant’s sole cost and expense, comply with the provisions of each of the foregoing programs (e.g.,
Tenant shall separate waste appropriately so that it can be efficiently processed by Landlord’s particular recycling contractors). To the extent Tenant fails to comply with any of Landlord’s recycling programs contemplated by the
foregoing, Tenant shall be required to pay any contamination charges related to such non-compliance. 

29.39    Shuttle Service. Subject to the provisions of this Section 29.41, so long
as Landlord, in Landlord’s sole and absolute discretion, permits a shuttle service (the “Shuttle Service”) to operate at the Project, Tenant’s employees (“Shuttle Service Riders”) shall be entitled to use
the Shuttle Service operated at the Project. The use of the Shuttle Service shall be subject to the reasonable rules and regulations (including rules regarding hours of use) established from time to time by Landlord, in its sole and absolute
discretion, and/or the operator of the Shuttle Service. Landlord and Tenant acknowledge that the use of the Shuttle Service by the Shuttle Service Riders shall be at their own risk and that the terms and provisions of
Section 10.1 of this Lease shall apply to Tenant and the Shuttle Service Rider’s use of the Shuttle Service. The costs of operating, maintaining and repairing the Shuttle Service shall be included as part of Operating
Expenses, subject to Article 4. Tenant acknowledges that the provisions of this Section 29.41 shall not be deemed to be a representation by Landlord that Landlord shall continuously maintain the
Shuttle Service (or any other shuttle service) throughout the Lease Term, and Landlord shall have the right, at Landlord’s sole discretion, to expand, contract, eliminate or otherwise modify all Shuttle Services provided by it. Landlord or the
operator of the Shuttle Service shall have a right to charge a fee to the users of the Shuttle Service. No expansion, contraction, elimination or modification of any or all Shuttle Services, and no termination of Tenant’s or the Shuttle Service
Rider’s rights to the Shuttle Service shall entitle Tenant to an abatement or reduction in Rent, constitute a constructive eviction, or result in an event of default by Landlord under this Lease. 

  
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 29.40    Prohibited Persons; Foreign Corrupt Practices Act and
Anti-Money Laundering. Neither Tenant nor any of its affiliates, nor any of their respective members, partners or other equity holders, and none of their respective officers, directors or managers is, nor prior to or during the Lease Term,
will they become a person or entity with whom U.S. persons or entities are restricted from doing business under (a) the Patriot Act (as defined below), (b) any other requirements contained in the rules and regulations of the Office of
Foreign Assets Control, Department of the Treasury (“OFAC”) (including any “blocked” person or entity listed in the Annex to Executive Order Nos. 12947, 13099 and 13224 and any modifications thereto or thereof or any other
person or entity named on OFAC’s Specially Designated Blocked Persons List) or (c) any other U.S. 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 governmental action (collectively, “Prohibited Persons”). Prior to and during the Lease Term, Tenant, and to Tenant’s knowledge, its employees and any person acting
on its behalf have at all times fully complied with, and are currently in full compliance with, the Foreign Corrupt Practices Act of 1977 and any other applicable anti-bribery or anti-corruption laws. Tenant is not entering into this Lease, directly
or indirectly, in violation of any laws relating to drug trafficking, money laundering or predicate crimes to money laundering. As used herein, “Patriot Act” shall mean the USA Patriot Act of 2001, 107 Public Law 56
(October 26, 2001) and all other statutes, orders, rules and regulations of the U.S. government and its various executive departments, agencies and offices interpreting and implementing the Patriot Act. 

29.41    Signatures. The parties hereto consent and agree that this Lease may be signed and/or transmitted
by facsimile, e-mail of a .pdf document or using electronic signature technology (e.g., via DocuSign or similar electronic signature technology), and that such signed electronic record shall be valid and as
effective to bind the party so signing as a paper copy bearing such party’s handwritten signature. The parties further consent and agree that (1) to the extent a party signs this Lease using electronic signature technology, by clicking
“SIGN”, such party is signing this Lease electronically, and (2) the electronic signatures appearing on this Lease shall be treated, for purposes of validity, enforceability and admissibility, the same as handwritten signatures. 

[Signatures follow on next page] 

  
 -93- 

 IN WITNESS WHEREOF, Landlord and Tenant have caused this Lease to be executed the day
and date first above written. 
  

															
	“LANDLORD”:	  		  	“TENANT”
			
	KILROY REALTY 303, LLC,	  		  	DOORDASH, INC.
	a Delaware limited liability company	  		  	a Delaware Corporation
			
	By: KR 303 Second Street Owner, LLC,	  		  	 /s/ Prabir Adarkar

	a Delaware limited liability company	  	
		  		  	Its Sole Member	  		  	 Prabir Adarkar
 Chief Financial
Officer

						
		  		  	By:	  	303 Second Street Member, LLC,	  		  	
		  		  		  	a Delaware limited liability company	  		  	
		  		  		  	Its Manager	  		  	 /s/ Stanley Tang

Stanley Tang

		  		  		  		  		  	 Co-Founder

		  		  		  	By:	  	Kilroy Realty, L.P.,	  		  	
		  		  		  		  	a Delaware limited partnership	  		  	
							
		  		  		  		  	Its Managing Member	  		  	
								
		  		  		  		  	By:	  	Kilroy Realty Corporation,	  		  	
		  		  		  		  		  	a Maryland corporation	  		  	
								
		  		  		  		  		  	Its General Partner	  		  	
								
		  		  		  		  		  	By: /s/ Jeff
Hawken                                        
	  		  	
		  		  		  		  		  	Name: Jeff Hawken	  		  	
		  		  		  		  		  	Title: COO	  		  	
								
		  		  		  		  		  	By: /s/ Matt
Griffin                                        
	  		  	
		  		  		  		  		  	Name: Matt Griffin	  		  	
		  		  		  		  		  	Title: SVP, Northern California	  		  	

  
 -94- 

 EXHIBIT A 

303 SECOND STREET 

OUTLINE OF PREMISES 
 Suite
200 Premises 
  
 

 

  
 EXHIBIT A 

-1- 

 Suite 700 Premises 
  

 

  
 EXHIBIT A 

-2- 

 Suite 800 Premises 
  

 

  
 EXHIBIT A 

-3- 

 Suite 300 Premises 
  

 

  
 EXHIBIT A 

-4- 

 Suite 750 Premises 
  

 

  
 EXHIBIT A 

-5- 

 Suite 900 Premises 
  

 

  
 EXHIBIT A 

-6- 

 EXHIBIT A-1 

303 SECOND STREET 

OUTLINE OF FIRST OFFER SPACE 

Suite South 600 
  

 

  
 EXHIBIT A-1 

-1- 

 EXHIBIT B 

303 SECOND STREET 
 WORK
LETTER 
 This Work Letter shall set forth the terms and conditions relating to the construction of the Premises. This Work Letter is
essentially organized chronologically and addresses the issues of the construction of the Premises, in sequence, as such issues will arise during the actual construction of the Premises. All references in this Work Letter to Articles or
Sections of “this Lease” shall mean the relevant portions of Articles 1 through 29 of the Office Lease to which this Work Letter is attached as Exhibit B and of which this
Work Letter forms a part, and all references in this Work Letter to Sections of “this Work Letter” shall mean the relevant portion of Sections 1 through 5 of this Work Letter. 

SECTION 1 
 DELIVERY OF THE
PREMISES 
 Landlord shall deliver the Premises and Tenant shall accept the Premises from Landlord in their presently existing, “as-is” condition as of the date of this Lease. From the date the Premises are delivered to Tenant until the applicable Lease Commencement Date, Tenant and Tenant’s Agents shall have rent free access
and use thereof to install the Improvements, furniture, fixtures, cabling and equipment. Landlord shall not charge Tenant for any use of the freight elevator(s) during the planning and construction of the Improvements. 

SECTION 2 
 IMPROVEMENTS 

2.1    Improvement Allowance. Tenant shall be entitled to a one-time
improvement allowance (the “Improvement Allowance”) as follows: (i) $2,524,860.00 (i.e., $60.00 per rentable square foot of the Suite 800 Premises) (the “Suite 800 Allowance”) for the costs relating to the
initial design and construction of the improvements, which are permanently affixed to the Suite 800 Premises only (the “Suite 800 Improvements”), (ii) $1,866,300.00 (i.e., $60.00 per rentable square foot of the Suite 700
Premises) (the “Suite 700 Allowance”) for the costs relating to the initial design and construction of the improvements, which are permanently affixed to the Suite 700 Premises only (the “Suite 700 Improvements”)
(and Tenant acknowledges that $89,880.00 of such Suite 700 Allowance must be used for improvements to the Suite 700 Deck), (iii) $975,645.00 (i.e., $55.00 per rentable square foot of the Suite 200 Premises) (the “Suite 200
Allowance”) for the costs relating to the initial design and construction of the improvements, which are permanently affixed to the Suite 200 Premises only (the “Suite 200 Improvements”), (iv) $3,737,325.00 (i.e.,
$75.00 per rentable square foot of the 

  
 EXHIBIT B 

-1- 

 
Suite 300 Premises) (the “Suite 300 Allowance”) for the costs relating to the initial design and construction of the improvements, which are permanently affixed to the Suite 300
Premises only (the “Suite 300 Improvements”), (v) $953,175.00 (i.e., $75.00 per rentable square foot of the Suite 750 Premises) (the “Suite 750 Allowance”) for the costs relating to the initial design and
construction of the improvements, which are permanently affixed to the Suite 750 Premises only (the “Suite 750 Improvements”), and (vi) $2,987,325.00 (i.e., $75.00 per rentable square foot of the Suite 900 Premises) (the
“Suite 900 Allowance”) for the costs relating to the initial design and construction of the improvements, which are permanently affixed to the Suite 900 Premises only (the “Suite 900 Improvements”) (and Tenant
acknowledges that $112,350.00 of such Suite 900 Allowance must be used for improvements to the Suite 900 Deck). Collectively, the Suite 800 Improvements, the Suite 700 Improvements, the Suite 200 Improvements, the Suite 300 Improvements, the Suite
750 Improvements and the Suite 900 Improvements shall be the “Improvements”. In connection with the foregoing, Tenant hereby acknowledges that each portion of the Improvement Allowance shall only be permitted to be used for
improvements to the portion of the Premises to which such portion of the Improvement Allowance applies (e.g., the Suite 300 Allowance may only be used for Improvements made to the Suite 300 Premises); provided, however, that notwithstanding
the foregoing, each portion of the Improvement Allowance for the Phase 1 Premises (i.e., the Suite 800 Allowance, the Suite 700 Allowance and the Suite 200 Allowance) may be used for improvements which are permanently affixed to any portion
of the Phase 1 Premises (e.g., the Suite 800 Allowance may be used for Improvements made to the Suite 700 Premises). In no event shall Landlord be obligated to make disbursements pursuant to this Work Letter until Tenant pays the full amount
of any then applicable “Over-Allowance Amount,” as defined in Section 4.2.1, nor shall Landlord be obligated to pay a total amount which exceeds the Improvement Allowance. Notwithstanding the foregoing or any
contrary provision of this Lease, all Improvements shall be deemed Landlord’s property under the terms of this Lease. Subject to the “Construction Risk Alternative,” as that term is defined in Section 4.2.1
below, any unused portion of the Improvement Allowance remaining as of the date which is one (1) year from the applicable delivery date of each portion of the Premises (e.g., the Suite 800 Allowance can be used until the date which is one
(1) year from the delivery date for the Suite 800 Premises), shall remain with Landlord and Tenant shall have no further right thereto. 

2.2    Disbursement of the Improvement Allowance. 

2.2.1    Improvement Allowance Items. Except as otherwise set forth in this Work Letter, the Improvement Allowance
shall be disbursed by Landlord (each of which disbursements shall be made pursuant to Landlord’s reasonable disbursement process, including, without limitation, Landlord’s receipt of invoices for all costs and fees described herein) only
for the following items and costs (collectively the “Improvement Allowance Items”): 

2.2.1.1    Payment of the fees of the “Architect” and the “Engineers,” as those terms are defined in
Section 3.1 of this Work Letter, and third party project managers, which fees shall, notwithstanding anything to the contrary contained in this Work Letter, not exceed an aggregate amount equal to Six and 00/100 Dollars
($6.00) per rentable square foot of the Premises, and payment of the fees incurred by, and the cost of documents and materials supplied by, Landlord and Landlord’s consultants in connection with the preparation and review of the
“Construction Drawings,” as that term is defined in Section 3.1 of this Work Letter; 

  
 EXHIBIT B 

-2- 

 2.2.1.2    The payment of plan check, permit and license fees relating
to construction of the Improvements; 
 2.2.1.3    The cost of construction of the Improvements, including, without
limitation, testing and inspection costs, hoisting and trash removal costs, and contractors’ fees and general conditions; 

2.2.1.4    The cost of any changes in the Base Building when such changes are required by the Construction Drawings, such
cost to include all direct architectural and/or engineering fees and expenses incurred in connection therewith; 

2.2.1.5    The cost of any changes to the Construction Drawings or Improvements required by all applicable building codes
(the “Code”); 
 2.2.1.6    The cost of the “Coordination Fee,” as that term is defined in
Section 4.2.2.1 of this Work Letter; 
 2.2.1.7    Sales and use taxes; and 

2.2.1.8    All other costs to be expended by Landlord in connection with the construction of the Improvements, but only
to the extent such costs have previously and reasonably been approved by Tenant. 
 2.2.2    Disbursement of
Improvement Allowance. Tenant acknowledges that Landlord is a publicly traded real estate investment trust (“REIT”), and due to such REIT status Landlord is required to satisfy certain tax and accounting requirements and related
obligations in connection with the leases at the Building. In order to satisfy such requirements and obligations in connection with this Lease, Landlord requires various construction-related deliverables to be timely submitted by Tenant to Landlord
(“Tenant Deliverables”) at designated times prior to, during and immediately following the construction of the Improvements by Tenant, and Tenant hereby agrees to timely comply with all such Tenant Deliverable obligations. The
Tenant Deliverables and related delivery deadlines are set forth in this Work Letter and in Schedule 1 attached to this Work Letter and incorporated herein by this reference. Notwithstanding any
contrary provision of this Work Letter or Schedule 1 attached to this Work Letter, Tenant shall deliver to Landlord all Tenant Deliverables in a timely fashion as soon as each of the Tenant Deliverables
are required pursuant to the timing set forth on Schedule 1 attached to this Work Letter. 

Prior to the commencement of construction of the Improvements, Tenant shall deliver all of the Tenant Deliverables set forth in
Section 1 of Schedule 1 attached to this Work Letter (i.e., the “Prior to Start of Construction” category of Tenant Deliverables) to Landlord. Certain of the Tenant
Deliverables set forth in Section 1 of Schedule 1 attached to this Work Letter are further addressed with more specific provisions in this Work Letter. 

  
 EXHIBIT B 

-3- 

 Prior to and during the construction of the Improvements, Landlord shall make monthly
disbursements of the Improvement Allowance for Improvement Allowance Items and shall authorize the release of monies as follows. 

2.2.2.1    Monthly Disbursements. On or before the twentieth
(20th) day of each calendar month, during the construction of the Improvements (or such other date as Landlord may designate), Tenant shall deliver to Landlord: (i) a request for payment of
the “Contractor,” as that term is defined in Section 4.1.1 of this Work Letter, approved by Tenant, in a form to be provided by Landlord, showing the schedule, by trade, of percentage of completion of the
Improvements in the Premises, detailing the portion of the work completed and the portion not completed; (ii) invoices from all of “Tenant’s Agents,” as that term is defined in Section 4.1.2 of this Work
Letter, for labor rendered and materials delivered to the Premises; (iii) to the extent applicable for the work completed, executed mechanic’s lien releases from all of Tenant’s Agents which shall comply with the appropriate
provisions, as reasonably determined by Landlord, of California Civil Code Sections 8132, 8134, 8136 and 8138; and (iv) all other information reasonably requested by Landlord. Tenant’s request for payment shall be deemed Tenant’s
acceptance and approval of the work furnished and/or the materials supplied as set forth in Tenant’s payment request. Thereafter, Landlord shall deliver a check to Tenant made jointly payable to Contractor and Tenant, or directly to Contractor
at Landlord’s sole discretion, in payment of the lesser of: (A) the amounts so requested by Tenant, as set forth in this Section 2.2.2.1, above, less a ten percent (10%) retention (the aggregate amount of such
retentions to be known as the “Final Retention”), and (B) the balance of any remaining available portion of the Improvement Allowance (not including the Final Retention), provided that Landlord does not dispute any request for
payment based on non-compliance of any work with the “Approved Working Drawings,” as that term is defined in Section 3.4 below, or due to any substandard work, or for any
other reason. Landlord’s payment of such amounts shall not be deemed Landlord’s approval or acceptance of the work furnished or materials supplied as set forth in Tenant’s payment request. 

2.2.2.2    Final Retention. Subject to the provisions of this Work Letter, a check for the Final Retention payable
jointly to Tenant and Contractor, or directly to Contractor at Landlord’s sole discretion, shall be delivered by Landlord to Tenant within thirty (30) days following the completion of construction of the Improvements, provided that
(i) Tenant delivers to Landlord (a) paid invoices for all Improvements and related costs for which the Improvement Allowance is to be dispersed, (b) signed permits for all Improvements completed within the Premises, (c) properly
executed unconditional mechanics lien releases in compliance with both California Civil Code Section 8134 and either Section 8136 or Section 8138 from Tenant’s contractor, subcontractors and material suppliers and any other party
which has lien rights in connection with the construction of the Improvements, (ii) Landlord has determined that no substandard work exists which adversely affects the mechanical, electrical, plumbing, heating, ventilating and air conditioning,
life-safety or other systems of the Building, the curtain wall of the Building, the structure or exterior appearance of the Building, or any other tenant’s use of such other tenant’s leased premises in the Building, (iii) Architect

  
 EXHIBIT B 

-4- 

 
delivers to Landlord a “Certificate of Substantial Completion”, in a form reasonably acceptable to Landlord, certifying that the construction of the Improvements in the Premises has
been substantially completed, (iv) Tenant delivers to Landlord a “close-out package” in both paper and electronic forms (including, as-built drawings, and
final record CADD files for the associated plans, warranties and guarantees from all contractors, subcontractors and material suppliers, and an independent air balance report); and (v) a certificate of occupancy, a temporary certificate of
occupancy or its equivalent is issued to Tenant for the Premises. 
 2.2.2.3    Other Terms. Landlord shall only
be obligated to make disbursements from the Improvement Allowance to the extent costs are incurred by Tenant for Improvement Allowance Items. All Improvement Allowance Items for which the Improvement Allowance has been made available shall be deemed
Landlord’s property under the terms of this Lease. 
 2.3    Building Standards. Landlord has established or
may establish specifications for certain Building standard components to be used in the construction of the Improvements in the Premises. The quality of Improvements shall be equal to or of greater quality than the quality of such Building
standards, provided that Landlord may, at Landlord’s option, require the Improvements to comply with certain Building standards. Landlord may make changes to said specifications for Building standards from time to time. Removal requirements
regarding the Improvements are addressed in Article 8 of this Lease. 
 2.4    Water
Sensors. In connection with the construction of the Improvements pursuant to the terms of this Work Letter, Tenant shall, at Tenant’s sole cost and expense (which may be deducted from the Improvement Allowance in accordance with the
provisions of Section 2.2 of this Work Letter), install Water Sensors (as more particularly contemplated by the terms of Section 29.35 of this Lease). The Water Sensors so installed by Tenant shall
be subject to the terms and conditions set forth in Section 29.35 of this Lease. 
 SECTION 3 

CONSTRUCTION DRAWINGS 

3.1    Selection of Architect/Construction Drawings. Tenant shall retain an architect/space planner reasonably and
mutually agreed upon by Landlord and Tenant (the “Architect”) to prepare the “Construction Drawings,” as that term is defined in this Section 3.1. The Contractor (as that term is defined in
Section 4.1 of this Work Letter) shall provide design-build services from qualified, Landlord-approved mechanical, electrical and plumbing contractors for the preparation of plans and engineering working drawings related to
the Improvements. Tenant shall retain the engineering consultants designated by Landlord (the “Engineers”) to prepare all plans and engineering working drawings relating to the structural, HVAC, lifesafety, and sprinkler work in the
Premises, which work is not part of the Base Building, provided that Tenant shall retain the subcontractors designated in Schedule 2 attached hereto for the fire alarm design and programming work (the
“Fire Alarm Subcontractor”) and for building management systems (the “BMS Subcontractor”). Should Tenant choose to prepare fully engineered drawings in lieu of the design-build approach described above, then

  
 EXHIBIT B 

-5- 

 
Tenant shall retain the Engineers to prepare all plans and engineering working drawings relating to the mechanical, electrical and plumbing work of the Improvements. The plans and drawings to be
prepared by Architect, the design-build contractors (unless Tenant selects the fully engineered drawings approach described above), the Fire Alarm Subcontractor, the BMS Subcontractor and the Engineers hereunder shall be known collectively as
the “Construction Drawings.” Landlord hereby approves Gensler and Revel to be the Architect if Tenant selects them. All Construction Drawings shall comply with the drawing format and specifications reasonably determined by Landlord,
and shall be subject to Landlord’s reasonable approval. Tenant and Architect shall verify, in the field, the dimensions and conditions as shown on the relevant portions of the Base Building plans, and Tenant and Architect shall be solely
responsible for the same, and Landlord shall have no responsibility in connection therewith. Landlord’s review of the Construction Drawings as set forth in this Section 3, shall be for its sole purpose and shall not
imply Landlord’s review of the same, or obligate Landlord to review the same, for quality, design, Code compliance or other like matters. Accordingly, notwithstanding that any Construction Drawings are reviewed by Landlord or its space planner,
architect, engineers and consultants, and notwithstanding any advice or assistance which may be rendered to Tenant by Landlord or Landlord’s space planner, architect, engineers, and consultants, Landlord shall have no liability whatsoever in
connection therewith and shall not be responsible for any omissions or errors contained in the Construction Drawings, and Tenant’s waiver and indemnity set forth in this Lease shall specifically apply to the Construction Drawings. 

3.2    Final Space Plan. Tenant shall supply Landlord with four (4) hard copies signed by Tenant of its final
space plan, along with other renderings or illustrations reasonably required by Landlord, to allow Landlord to understand Tenant’s design intent, for the Premises before any architectural working drawings or engineering drawings have been
commenced, and concurrently with Tenant’s delivery of such hard copies, Tenant shall send to Landlord via electronic mail one (1) .pdf electronic copy of such final space plan. The final space plan (the “Final Space Plan”)
shall include a layout and designation of all offices, rooms and other partitioning, their intended use, and equipment to be contained therein. Landlord may request clarification or more specific drawings for special use items not included in the
Final Space Plan. Landlord shall advise Tenant within five (5) business days after Landlord’s receipt of the Final Space Plan for the Premises if the same is unsatisfactory or incomplete in any respect. If Tenant is so advised, Tenant
shall promptly cause the Final Space Plan to be revised to correct any deficiencies or other matters Landlord may reasonably require. 

3.3    Final Working Drawings. After the Final Space Plan has been approved by Landlord, Tenant shall supply the
Engineers with a complete listing of standard and non-standard equipment and specifications, including, without limitation, B.T.U. calculations, electrical requirements and special electrical receptacle
requirements for the Premises, to enable the Engineers, the Fire Alarm Subcontractor, the BMS Subcontractor, the design-build contractors (unless Tenant selects the fully engineered drawings approach described above) and the Architect to
complete the “Final Working Drawings” (as that term is defined below) in the manner as set forth below. Upon the approval of the Final Space Plan by Landlord and Tenant, Tenant shall promptly cause the Architect, the Fire Alarm
Subcontractor, the BMS Subcontractor, the design-build contractors (unless Tenant selects the fully engineered drawings approach described above) and the Engineers to complete the architectural and

  
 EXHIBIT B 

-6- 

 
engineering drawings for the Premises, and Architect shall compile a fully coordinated set of architectural, structural, mechanical, electrical and plumbing working drawings in a form which is
complete to allow subcontractors to bid on the work and to obtain all applicable permits (collectively, the “Final Working Drawings”) and shall submit the same to Landlord for Landlord’s approval. Tenant shall supply Landlord
with four (4) hard copies signed by Tenant of the Final Working Drawings, and concurrently with Tenant’s delivery of such hard copies, Tenant shall send to Landlord via electronic mail one (1) .pdf electronic copy of such Final Working
Drawings. Landlord shall advise Tenant within ten (10) days after Landlord’s receipt of the Final Working Drawings for the Premises if the same is unsatisfactory or incomplete in any respect, in Landlord’s reasonable discretion. If
Tenant is so advised, Tenant shall promptly revise the Final Working Drawings in accordance with such review and any disapproval of Landlord in connection therewith. In addition, if the Final Working Drawings or any amendment thereof or supplement
thereto shall require alterations in the Base Building (as contrasted with the Improvements), and if Landlord in its commercially reasonable discretion agrees to any such alterations, and notifies Tenant of the need and cost for such alterations,
then Tenant shall pay the cost of such required changes in advance upon receipt of notice thereof. Tenant shall pay all actual and reasonable direct architectural and/or engineering fees in connection therewith, which fees made be deducted from the
Improvement Allowance. 
 3.4    Approved Working Drawings. The Final Working Drawings shall be approved by
Landlord (the “Approved Working Drawings”) prior to the commencement of construction of the Premises by Tenant. After approval by Landlord of the Final Working Drawings, Tenant may submit the same to the appropriate municipal
authorities for all applicable building permits. Tenant hereby agrees that neither Landlord nor Landlord’s consultants shall be responsible for obtaining any building permit or certificate of occupancy for the Premises and that obtaining the
same shall be Tenant’s responsibility; provided, however, that Landlord shall cooperate with Tenant in executing permit applications and performing other ministerial acts reasonably necessary to enable Tenant to obtain any such permit or
certificate of occupancy. No changes, modifications or alterations in the Approved Working Drawings may be made without the prior written consent of Landlord, which consent may not be unreasonably withheld. 

3.5    Electronic Approvals. Notwithstanding any provision to the contrary contained in the Lease or this Work
Letter, Landlord may, in Landlord’s sole and absolute discretion, transmit or otherwise deliver any of the approvals required under this Work Letter via electronic mail to Tenant’s representative identified in
Section 5.1 of this Work Letter, or by any of the other means identified in Section 29.18 of this Lease. 

3.6    Removal of Improvements Determination. If, in connection with its submittal of plans and specifications for
the Improvements in accordance with Section 3 of this Work Letter Agreement, (x) Tenant requests Landlord’s decision with regard to the removal of such Improvements, and (y) Landlord thereafter
agrees in writing to waive any removal requirement with regard to such Improvements (or components thereof), then Tenant shall not be required to so remove such Improvements at the end of the term as otherwise required under
Section 8.5 of the Lease; provided further, however, that if Tenant requests such a determination from Landlord and Landlord, within 

  
 EXHIBIT B 

-7- 

 
three (3) business days following Landlord’s receipt of such request from Tenant with respect to Improvements, fails to address the removal requirement with regard to such Improvements,
Landlord shall be deemed to have agreed to waive the removal requirement with regard to such Improvements. Notwithstanding anything contained herein to the contrary, Tenant shall not be required to remove or restore any of the Water Sensors or any
of the Improvements that are reasonably deemed to be general office improvements. 
 SECTION 4 

CONSTRUCTION OF THE IMPROVEMENTS 

4.1    Tenant’s Selection of Contractors. 

4.1.1    The Contractor. A general contractor shall be retained by Tenant to construct the Improvements. Such
general contractor (“Contractor”) shall be selected by Tenant and reasonably approved by Landlord, and Tenant shall deliver to Landlord notice of its selection of the Contractor upon such selection. Landlord hereby approves Novo,
Trubeck, Skyline, BCCI, GCI and Build Group as the Contractor if Tenant decides to select them. 

4.1.2    Tenant’s Agents. All subcontractors, laborers, materialmen, and suppliers used by Tenant (such
subcontractors, laborers, materialmen, and suppliers, and the Contractor to be known collectively as “Tenant’s Agents”) must be approved in writing by Landlord, which approval shall not be unreasonably withheld or delayed. If
Landlord does not approve any of Tenant’s proposed subcontractors, laborers, materialmen or suppliers, Tenant shall submit other proposed subcontractors, laborers, materialmen or suppliers for Landlord’s written approval. All of
Tenant’s Agents retained directly by Tenant shall all be union labor in compliance with the then existing master labor agreements. 

4.2    Construction of Improvements by Tenant’s Agents. 

4.2.1    Construction Contract; Cost Budget. Tenant shall engage the Contractor under a Stipulated Sum Agreement (or
Guaranteed Maximum Price Contract) accompanied by Landlord’s standard General Conditions (collectively, the “Contract”). Prior to the commencement of the construction of the Improvements, and after Tenant has accepted all bids
for the Improvements, Tenant shall provide Landlord with a detailed breakdown, by trade, of the final costs to be incurred or which have been incurred, as set forth more particularly in Sections 2.2.1.1 through
2.2.1.8, above, in connection with the design and construction of the Improvements to be performed by or at the direction of Tenant or the Contractor, which costs form a basis for the amount of the Contract (the “Final
Costs”). Landlord may elect by written notice to Tenant the Construction Risk Alternative set forth below in connection with portion of the Improvement Allowance (i.e., the Suite 800 Improvement Allowance, the Suite 700 Improvement
Allowance, the Suite 200 Improvement Allowance, the Suite 300 Improvement Allowance, the Suite 750 Improvement Allowance and the Suite 900 Improvement Allowance) in order that Landlord may satisfy its REIT related obligations with respect to timely
recognizing revenue from this Lease (as determined by Landlord in its sole discretion), and in such 

  
 EXHIBIT B 

-8- 

 
case the provisions of the applicable Construction Risk Alternative shall automatically apply and be binding upon Tenant. The term “Construction Risk Alternative” means that
Tenant shall bifurcate the Contract into two separate schedules of values, with one schedule of values (the “Landlord Contracted Improvement Allowance Schedule of Values”) including specific identifiable assets /
trades equal to the initial Improvement Allowance, such that a sufficient portion of at least ninety percent (90%) of the initial Improvement Allowance (the “90% Threshold”) shall be incurred by the Lease Commencement Date, and with
the other schedule of values (the “Tenant Contracted Improvement Work Schedule of Values”) covering the remaining tenant related work to construct the Improvements (the “Bifurcated
Schedule of Values Alternative”). Tenant shall deliver both resulting schedule of values to Landlord within fifteen (15) days following Landlord’s notice to Tenant electing the Bifurcated Schedule of Values
Alternative. In the event that Landlord elects the Bifurcated Schedule of Values Alternative, then notwithstanding any contrary provision of this Work Letter, at least ninety percent (90%) of the Improvement Allowance shall be used for the costs to
design and construct the Improvements to be constructed pursuant to the Landlord Improvement Allowance Schedule of Values (the “Landlord Improvement Allowance Schedule of Values Improvements”). In no event shall
Landlord be obligated to make disbursements from the Improvement Allowance for the Improvements to be constructed pursuant to the Tenant Contracted Improvement Work Schedule of Values (the “Tenant Contracted Work Improvements”)
until disbursements have been made from the Improvement Allowance for all of the work to design and substantially complete the Landlord Improvement Allowance Schedule of Values Improvements. Subject to Section 4.2.5 below,
Landlord shall notify Tenant of its election (“Landlord’s Construction Risk Notice”) of any Construction Risk Alternatives no later than seven (7) business days following Landlord’s receipt of the Schedule of Values and
the Construction Schedule. 
 4.2.1.1    Subject to the Construction Risk Alternative, in connection with each of
Landlord’s monthly disbursements of the Improvement Allowance, Tenant shall concurrently pay a percentage of each amount disbursed by Landlord to Tenant under this Work Letter or otherwise disbursed under this Work Letter directly to the
appropriate person or entity, which percentage shall be equal to the amount of the Over-Allowance Amount (as defined below) divided by the amount of the Final Costs, and such payment by Tenant shall be a condition to Landlord’s obligation to
pay any amounts of the Improvement Allowance. For purposes hereof, the “Over-Allowance Amount” shall be equal to the difference, if any, between the amount of the Final Costs and the amount of the Improvement Allowance (less any
portion thereof already disbursed by Landlord, or in the process of being disbursed by Landlord, on or before the commencement of construction of the Improvements). In the event that, after the Final Costs have been delivered by Tenant to Landlord,
any revisions, changes or substitutions shall be made to the Final Working Drawings or the Improvements, or the costs relating to the design and construction of the Improvements shall change, the above amounts shall be adjusted as equitable to
reflect any additional or reduced costs which arise in connection therewith. In the event that Tenant fails to timely pay the Over-Allowance Amount as provided in this Section 4.2.1.1, then Landlord may, at its option,
cause the cessation of work in the Premises until Tenant makes payment of the applicable portion of the Over-Allowance Amount then due (and such failure to pay such payment shall be treated as a Tenant default in accordance with the terms and
conditions of Section 5.4 below). Tenant shall provide Landlord with updated construction schedules 

  
 EXHIBIT B 

-9- 

 
and budgets on a regular basis during the course of construction of the Improvements, and in any event within twenty (20) days after request by Landlord. In connection with any
Over-Allowance payments made by Tenant pursuant to this Section 4.2.1.1, Tenant shall provide Landlord with the documents described in Sections 2.2.2.1(i), (ii), (iii) and
(iv) of this Work Letter, above, for Landlord’s approval, prior to Tenant paying such costs. 

4.2.2    Tenant’s Agents. 

4.2.2.1    Landlord’s General Conditions for Tenant’s Agents and Improvement Work. Tenant’s and
Tenant’s Agent’s construction of the Improvements shall comply with the following: (i) the Improvements shall be constructed in strict accordance with the Approved Working Drawings; (ii) Tenant’s Agents shall submit
schedules of all work relating to the Improvements to Contractor and Contractor shall, within five (5) business days of receipt thereof, inform Tenant’s Agents of any changes which are necessary thereto, and Tenant’s Agents shall
adhere to such corrected schedule; and (iii) Tenant shall abide by all reasonable rules made by Landlord’s Building manager with respect to the use of freight, loading dock and service elevators, storage of materials, coordination of work
with the contractors of other tenants, and any other matter in connection with this Work Letter, including, without limitation, the construction of the Improvements. Tenant shall pay a logistical coordination fee (the “Coordination
Fee”) to Landlord in an amount equal to the product of (i) one and one-half percent (1.5%), and (ii) the sum of the total “hard costs” of the Improvements (but in no event greater
than $193,296.00 (i.e., $1.00 per rentable square foot of the Premises)), which Coordination Fee shall be for services relating to the coordination of the construction of the Improvements. 

4.2.2.2    Indemnity. Tenant’s indemnity of Landlord as set forth in this Lease shall also apply with respect
to any and all costs, losses, damages, injuries and liabilities related in any way to any act or omission of Tenant or Tenant’s Agents, or anyone directly or indirectly employed by any of them, or in connection with Tenant’s non-payment of any amount arising out of the Improvements and/or Landlord’s disapproval of all or any portion of any request for payment. Such indemnity by Tenant, as set forth in this Lease, shall also apply
with respect to any and all costs, losses, damages, injuries and liabilities related in any way to Landlord’s performance of any ministerial acts reasonably necessary (i) to permit Tenant to complete the Improvements, and (ii) to
enable Tenant to obtain any building permit or certificate of occupancy for the Premises. 
 4.2.2.3    Requirements
of Tenant’s Agents. Each of Tenant’s Agents shall guarantee to Tenant and for the benefit of Landlord that the portion of the Improvements for which it is responsible shall be free from any defects in workmanship and materials for a
period of not less than one (1) year from the date of completion thereof to the extent it is available. Each of Tenant’s Agents shall be responsible for the replacement or repair, without additional charge, of all work done or furnished in
accordance with its contract that shall become defective within one (1) year after the later to occur of (i) completion of the work performed by such contractor or subcontractors and (ii) the Lease Commencement Date. The correction of
such work shall include, without additional charge, all additional expenses and damages incurred in connection with such removal or replacement of all or any part of the Improvements, and/or the Building and/or common areas that may be damaged or

  
 EXHIBIT B 

-10- 

 
disturbed thereby. All such warranties or guarantees as to materials or workmanship of or with respect to the Improvements shall be contained in the Contract or subcontract and shall be written
such that such guarantees or warranties shall inure to the benefit of both Landlord and Tenant, as their respective interests may appear, and can be directly enforced by either. Tenant covenants to give to Landlord any
non-exclusive assignment or other assurances which may be necessary to effect such right of direct enforcement. 

4.2.2.4    Insurance Requirements. 

4.2.2.4.1    General Coverages. All of Tenant’s Agents shall carry worker’s compensation insurance
covering all of their respective employees, and shall also carry public liability insurance, including property damage, all with limits, in form and with companies as are required to be carried by Tenant as set forth in this Lease. 

4.2.2.4.2    Special Coverages. Tenant or its Contractor shall carry “Builder’s All Risk” insurance
in an amount approved by Landlord covering the construction of the Improvements, and such other insurance as Landlord may require, it being understood and agreed that the Improvements shall be insured by Tenant pursuant to this Lease immediately
upon completion thereof. Such insurance shall be in amounts and shall include such extended coverage endorsements as may be reasonably required by Landlord including, but not limited to, the requirement that all of Tenant’s Agents which are
major subcontractors shall carry excess liability and Products and Completed Operation Coverage insurance, each in amounts not less than $2,000,000 per incident, $2,000,000 in aggregate, and in form and with companies as are required to be carried
by Tenant as set forth in this Lease. 
 4.2.2.4.3    General Terms. Certificates for all insurance carried
pursuant to this Section 4.2.2.4 shall be delivered to Landlord before the commencement of construction of the Improvements and before the Contractor’s equipment is moved onto the site. All such policies of insurance
must contain a provision that the company writing said policy will give Landlord thirty (30) days prior written notice of any cancellation or lapse of the effective date or any reduction in the amounts of such insurance. In the event that the
Improvements are damaged by any cause during the course of the construction thereof, Tenant shall immediately repair the same at Tenant’s sole cost and expense. Tenant’s Agents shall maintain all of the foregoing insurance coverage in
force until the Improvements are fully completed and accepted by Landlord, except for any Products and Completed Operation Coverage insurance required by Landlord, which is to be maintained for ten (10) years following completion of the work
and acceptance by Landlord and Tenant. All policies carried under this Section 4.2.2.4 shall insure Landlord and Tenant, as their interests may appear, as well as Contractor and Tenant’s Agents. All insurance, except
Workers’ Compensation, maintained by Tenant’s Agents shall preclude subrogation claims by the insurer against anyone insured thereunder. Such insurance shall provide that it is primary insurance as respects the owner and that any other
insurance maintained by owner is excess and noncontributing with the insurance required hereunder. The requirements for the foregoing insurance shall not derogate from the provisions for indemnification of Landlord by Tenant under
Section 4.2.2.2 of this Work Letter. 

  
 EXHIBIT B 

-11- 

 4.2.3    Governmental Compliance. The Improvements shall comply
in all respects with the following: (i) the Code and other state, federal, city or quasi-governmental laws, codes, ordinances and regulations, as each may apply according to the rulings of the controlling public official, agent or other person;
(ii) applicable standards of the American Insurance Association (formerly, the National Board of Fire Underwriters) and the National Electrical Code; and (iii) building material manufacturer’s specifications. 

4.2.4    Inspection by Landlord. Landlord shall have the right to inspect the Improvements at all times (and in
connection therewith use commercially reasonable efforts to minimize interference with the construction of the Improvements), provided however, that Landlord’s failure to inspect the Improvements shall in no event constitute a waiver of any of
Landlord’s rights hereunder nor shall Landlord’s inspection of the Improvements constitute Landlord’s approval of the same. Should Landlord disapprove any portion of the Improvements, Landlord shall notify Tenant in writing of such
disapproval and shall specify the items disapproved. Any defects or deviations in, and/or disapproval by Landlord of, the Improvements shall be rectified by Tenant at no expense to Landlord, provided however, that in the event Landlord determines
that a defect or deviation exists or disapproves of any matter in connection with any portion of the Improvements and such defect, deviation or matter might adversely affect the mechanical, electrical, plumbing, heating, ventilating and air
conditioning or life-safety systems of the Building, the structure or exterior appearance of the Building or any other tenant’s use of such other tenant’s leased premises, Landlord may, take such action as Landlord deems necessary, at
Tenant’s expense and without incurring any liability on Landlord’s part, to correct any such defect, deviation and/or matter, including, without limitation, causing the cessation of performance of the construction of the Improvements until
such time as the defect, deviation and/or matter is corrected to Landlord’s satisfaction. 

4.2.5    Meetings. Commencing one (1) month prior to delivery of the Premises, Tenant shall hold bi-monthly meetings at a reasonable time, with the Architect and the Contractor regarding the progress of the preparation of Construction Drawings and the construction of the Improvements, which meetings shall be
held at a location reasonably and mutually agreed upon by Landlord and Tenant, and Landlord and/or its agents shall receive prior notice of, and shall have the right to attend, all such meetings, and, upon Landlord’s request, certain of
Tenant’s Agents shall attend such meetings. In addition, minutes shall be taken at all such meetings, a copy of which minutes shall be promptly delivered to Landlord. One such meeting each month shall include the review of Contractor’s
current request for payment. 
 4.3    Notice of Completion; Copy of Record Set of Plans. Within fifteen
(15) days after completion of construction of the Improvements, Tenant shall cause a Notice of Completion to be recorded in the office of the Recorder of the county in which the Building is located in accordance with Section 8182 of the
Civil Code of the State of California or any successor statute, and shall furnish a copy thereof to Landlord upon such recordation. If Tenant fails to do so, Landlord may execute and file the same as Tenant’s agent for such purpose, at
Tenant’s sole cost and expense. At the conclusion of construction, (i) Tenant shall cause the Architect and Contractor (A) to update the Approved Working Drawings as necessary to reflect all changes made to the Approved Working
Drawings 

  
 EXHIBIT B 

-12- 

 
during the course of construction, (B) to certify to the best of their knowledge that the “record-set” of
as-built drawings are true and correct, which certification shall survive the expiration or termination of this Lease, and (C) to deliver to Landlord two (2) sets of copies of such record set of
drawings within ninety (90) days following issuance of a certificate of occupancy for the Premises, and (ii) Tenant shall deliver to Landlord a copy of all warranties, guaranties, and operating manuals and information relating to the
improvements, equipment, and systems in the Premises. 
 SECTION 5 

MISCELLANEOUS 

5.1    Tenant’s Representative. Tenant has designated Joe Drucker as its sole representative with respect to
the matters set forth in this Work Letter, who shall have full authority and responsibility to act on behalf of the Tenant as required in this Work Letter until otherwise notified in writing by Tenant. 

5.2    Landlord’s Representative. Landlord has designated Rich Ambidge and Scott Halfwassen as its sole
representatives with respect to the matters set forth in this Work Letter, who, until further notice to Tenant, shall have full authority and responsibility to act on behalf of the Landlord as required in this Work Letter. 

5.3    Time of the Essence in This Work Letter. Unless otherwise indicated, all references herein to a “number
of days” shall mean and refer to calendar days. If any item requiring approval is timely disapproved by Landlord, the procedure for preparation of the document and approval thereof shall be repeated until the document is approved by Landlord,
provided that the time period for such approval shall be reduced by 2 days. 
 5.4    Tenant’s Lease
Default. Notwithstanding any provision to the contrary contained in the Lease or this Work Letter, if any default by Tenant under the Lease beyond any applicable notice and cure period or this Work Letter (including, without limitation, any
failure by Tenant to fund any portion of the Over-Allowance Amount) occurs at any time on or before the substantial completion of the Improvements, then (i) in addition to all other rights and remedies granted to Landlord pursuant to the Lease,
Landlord shall have the right to withhold payment of all or any portion of the Improvement Allowance and/or Landlord may, without any liability whatsoever, cause the cessation of construction of the Improvements (in which case, Tenant shall be
responsible for any delay in the substantial completion of the Improvements and any costs occasioned thereby), and (ii) all other obligations of Landlord under the terms of the Lease and this Work Letter shall be forgiven until such time as
such default is cured pursuant to the terms of the Lease. 

  
 EXHIBIT B 

-13- 

 SCHEDULE 1 

 

	1.	 Prior to Start of Construction 

 

	 	1.1.	 Approved and permitted Construction Drawings. 

 

	 	1.2.	 Approved subcontractors list. 

 

	 	1.3.	 Copies of all executed Contracts with Contractor. 

 

	 	1.4.	 Construction Schedule. 

 

	 	1.5.	 Copies of Permits for Improvements. 

 

	 	1.6.	 Preliminary Budget and the budget with Final Costs, including a schedule of values for all hard construction
costs. 

  

	2.	 Ongoing During Construction 

 

	 	2.1.	 Budget and Construction Schedule revisions as they occur. 

 

	 	2.2.	 Change orders as they occur. 

 

	 	2.3.	 Construction Drawings revisions as they occur. 

 

	 	2.4.	 Monthly applications of payment with reciprocal releases when received. 

 

	 	2.5.	 Monthly Architect’s field report or equivalent. 

 

	 	2.6.	 Monthly 4-week look ahead schedule. 

 

	 	2.7.	 Weekly meeting minutes. 

 

	 	2.8.	 Permit sign off card when received. 

 

	 	2.9.	 Temporary certificate of occupancy/certificate of occupancy when received. 

 

	3.	 Prior to Release of Any Funds Related to Hard Costs 

 

	 	3.1.	 Final Space Plans approved by both parties. 

 

	 	3.2.	 Construction Drawings approved by both parties. 

 

	 	3.3.	 Project budget 

  

	 	3.4.	 Project schedule. 

  

	 	3.5.	 Pay applications as above. 

 

	4.	 Prior to Release of Final Payment 

 

	 	4.1.	 Signed off inspection card or equivalent temporary certificate of occupancy. 

 

	 	4.2.	 Architect’s Certificate of Substantial Completion. 

 

	 	4.3.	 Final Contractor pay application indicating 100% complete, 90% previously paid. 

 

	 	4.4.	 Physical inspection of the Premises by Landlord inspection team. 

 

	 	4.5.	 Unconditional mechanic’s lien releases. 

 

	 	4.6.	 Final as-builts. 

 

	 	4.7.	 Final subcontractors list. 

 

	 	4.8.	 Warranties and guarantees. 

 

	 	4.9.	 CAD files. 

  

	 	4.10.	 Temporary certificate of occupancy/certificate of occupancy 

  
 SCHEDULE 1 

-1- 

 SCHEDULE 2 

(Required Subcontractor) 
  

	1.	 PAFA (Pacific Auxiliary Fire Alarm Company) — to perform fire alarm design and programming work.

  

	2.	 Syserco - building management systems subcontractor. 

  
 SCHEDULE 2 

-1- 

 EXHIBIT C 

303 SECOND STREET 

NOTICE OF LEASE TERM DATES 
  

			
	To:	 	  

		 	  

		 	  

		 	  

  

	 	Re:	 Office Lease dated             ,
20     (the “Lease”), by and between                     , a
                     (“Landlord”), and
                    , a
                     (“Tenant”), for
                     rentable square feet of space commonly known as Suite
                     (the “Premises”), located on the
                    
(                    ) floor of that certain office building located at
                    ,
                    ,
                     (the “Building”). 

Dear                     : 

Notwithstanding any provision to the contrary contained in the Lease, this letter is to confirm and agree upon the following: 

 

	 	1.	 Tenant has accepted the above-referenced Premises as being delivered in accordance with the Lease, and there is
no deficiency in construction. 

  

	 	2.	 The Lease Term shall commence on or has commenced on
                     for a term of
                     ending on
                    . 

  

	 	3.	 Rent commenced to accrue on
                    , in the amount of
                    . 

  

	 	4.	 If the Lease Commencement Date is other than the first day of the month, the first billing will contain a pro
rata adjustment. Each billing thereafter shall be for the full amount of the monthly installment as provided for in the Lease. 

  

	 	5.	 Your rent checks should be made payable to
                     at
                    . 

  

	 	6.	 The rentable square feet of the Premises are
                     and
                    , respectively. 

  

	 	7.	 Tenant’s Share of Direct Expenses with respect to the Premises is     % of the
Project. 

  

	 	8.	 Capitalized terms used herein that are defined in the Lease shall have the same meaning when used herein.
Tenant confirms that the Lease has not been modified or altered except as set forth herein, and the Lease is in full force and effect. Landlord and Tenant acknowledge and agree that to each party’s actual knowledge, neither party is in default
or violation of any covenant, provision, obligation, agreement or condition in the Lease. 

  
 EXHIBIT C 

-1- 

 If the provisions of this letter correctly set forth our understanding, please so
acknowledge by signing at the place provided below on the enclosed copy of this letter and returning the same to Landlord. 
 The parties
hereto consent and agree that this letter may be signed and/or transmitted by facsimile, e-mail of a .pdf document or using electronic signature technology (e.g., via DocuSign or similar electronic signature
technology), and that such signed electronic record shall be valid and as effective to bind the party so signing as a paper copy bearing such party’s handwritten signature. The parties further consent and agree that (1) to the extent a party
signs this letter using electronic signature technology, by clicking “SIGN”, such party is signing this letter electronically, and (2) the electronic signatures appearing on this letter shall be treated, for purposes of validity,
enforceability and admissibility, the same as handwritten signatures. 
  

					
	“Landlord”:
	
	  

	a	 	  

		
	By:	 	      

	 	 	Name:	 	  

	 	 	Its:	 	  

		
	By:	 	      

	 	 	Name:	 	  

	 	 	Its:	 	  

 Agreed to and Accepted 
 as
of             , 20    . 
  

					
	“Tenant”:
	
	      

	a	 	  

		
	By:	 	      

	 	 	Name:	 	  

	 	 	Its:	 	  

		
	By:	 	      

	 	 	Name:	 	  

	 	 	Its:	 	  

  
 EXHIBIT C 

-2- 

 EXHIBIT D 

303 SECOND STREET 

RULES AND REGULATIONS 

Tenant shall faithfully observe and comply with the following Rules and Regulations. Landlord shall not be responsible to Tenant for the
nonperformance of any of said Rules and Regulations by or otherwise with respect to the acts or omissions of any other tenants or occupants of the Project. In the event of any conflict between the Rules and Regulations and the other provisions of
this Lease, the latter shall control. 
 1.    Tenant shall not alter any lock or install any new or additional locks or
bolts on any doors or windows of the Premises without obtaining Landlord’s prior written consent. Tenant shall bear the cost of any lock changes or repairs required by Tenant. Ten keys will be furnished by Landlord for the Premises, and any
additional keys required by Tenant must be obtained from Landlord at a reasonable cost to be established by Landlord. Upon the termination of this Lease, Tenant shall restore to Landlord all keys of stores, offices, and toilet rooms, either
furnished to, or otherwise procured by, Tenant and in the event of the loss of keys so furnished, Tenant shall pay to Landlord the cost of replacing same or of changing the lock or locks opened by such lost key if Landlord shall deem it necessary to
make such changes. 
 2.    All doors opening to public corridors shall be kept closed at all times except for normal
ingress and egress to the Premises. 
 3.    Landlord reserves the right to close and keep locked all entrance and exit
doors of the Building during such hours as are customary for comparable buildings in the San Francisco, California area. Tenant, its employees and agents must be sure that the doors to the Building are securely closed and locked when leaving the
Premises if it is after the normal hours of business for the Building. Any tenant, its employees, agents or any other persons entering or leaving the Building at any time when it is so locked, or any time when it is considered to be after normal
business hours for the Building, may be required to sign the Building register. Access to the Building may be refused unless the person seeking access has proper identification or has a previously arranged pass for access to the Building. Landlord
will furnish passes to persons for whom Tenant requests same in writing. Tenant shall be responsible for all persons for whom Tenant requests passes and shall be liable to Landlord for all acts of such persons. The Landlord and his agents shall in
no case be liable for damages for any error with regard to the admission to or exclusion from the Building of any person. In case of invasion, mob, riot, public excitement, or other commotion, Landlord reserves the right to prevent access to the
Building or the Project during the continuance thereof by any means it deems appropriate for the safety and protection of life and property. 

4.    No furniture, freight or equipment of any kind shall be brought into the Building without prior notice to Landlord.
All moving activity into or out of the Building shall be scheduled 

  
 EXHIBIT D 

-1- 

 
with Landlord and done only at such time and in such manner as Landlord reasonably designates. Landlord shall have the right to prescribe the weight, size and position of all safes and other
heavy property brought into the Building and also the times and manner of moving the same in and out of the Building. Safes and other heavy objects shall, if considered necessary by Landlord, stand on supports of such thickness as is necessary to
properly distribute the weight. Landlord will not be responsible for loss of or damage to any such safe or property in any case. Any damage to any part of the Building, its contents, occupants or visitors by moving or maintaining any such safe or
other property shall be the sole responsibility and expense of Tenant. 
 5.    No furniture, packages, supplies,
equipment or merchandise will be received in the Building or carried up or down in the elevators, except between such hours, in such specific elevator and by such personnel as shall be designated by Landlord. 

6.    The requirements of Tenant will be attended to only upon application at the management office for the Project or at
such office location designated by Landlord. Employees of Landlord shall not perform any work or do anything outside their regular duties unless under special instructions from Landlord. 

7.    No sign, advertisement, notice or handbill shall be exhibited, distributed, painted or affixed by Tenant on any part
of the Premises or the Building without the prior written consent of the Landlord. Tenant shall not disturb, solicit, peddle, or canvass any occupant of the Project and shall cooperate with Landlord and its agents of Landlord to prevent same. 

8.    The toilet rooms, urinals, wash bowls and other apparatus shall not be used for any purpose other than that for
which they were constructed, and no foreign substance of any kind whatsoever shall be thrown therein. The expense of any breakage, stoppage or damage resulting from the violation of this rule shall be borne by the tenant who, or whose servants,
employees, agents, visitors or licensees shall have caused same. 
 9.    Tenant shall not overload the floor of the
Premises, nor mark, drive nails or screws, or drill into the partitions, woodwork or drywall or in any way deface the Premises or any part thereof without Landlord’s prior written consent. 

10.    Except for vending machines intended for the sole use of Tenant’s employees and invitees, no vending machine
or machines other than fractional horsepower office machines shall be installed, maintained or operated upon the Premises without the written consent of Landlord. 

11.    Tenant shall not use or keep in or on the Premises, the Building, or the Project any kerosene, gasoline, explosive
material, corrosive material, material capable of emitting toxic fumes, or other inflammable or combustible fluid chemical, substitute or material. Tenant shall provide material safety data sheets for any hazardous material or substance used or kept
on the Premises. 
 12.    Tenant shall not without the prior written consent of Landlord use any method of heating or
air conditioning other than that supplied by Landlord. 

  
 EXHIBIT D 

-2- 

 13.    Tenant shall not use, keep or permit to be used or kept, any foul
or noxious gas or substance in or on the Premises, or permit or allow the Premises to be occupied or used in a manner offensive or objectionable to Landlord or other occupants of the Project by reason of noise, odors, or vibrations, or interfere
with other tenants or those having business therein, whether by the use of any musical instrument, radio, phonograph, or in any other way. Tenant shall not throw anything out of doors, windows or skylights or down passageways. 

14.    Tenant shall not bring into or keep within the Project, the Building or the Premises any firearms, animals (other
than service dogs to the extent required by Applicable Laws), birds, aquariums, or, except in areas designated by Landlord, bicycles or other vehicles. 

15.    No cooking shall be done or permitted on the Premises, nor shall the Premises be used for the storage of
merchandise, for lodging or for any improper, objectionable or immoral purposes. Notwithstanding the foregoing, Underwriters’ laboratory-approved equipment and microwave ovens may be used in the Premises for heating food and brewing coffee,
tea, hot chocolate and similar beverages for employees and visitors, provided that such use is in accordance with all applicable federal, state, county and city laws, codes, ordinances, rules and regulations. 

16.    The Premises shall not be used for manufacturing or for the storage of merchandise except as such storage may be
incidental to the use of the Premises provided for in the Summary. Tenant shall not occupy or permit any portion of the Premises to be occupied as an office for a messenger-type operation or dispatch office, public stenographer or typist, or for the
manufacture or sale of liquor, narcotics, or tobacco in any form, or as a medical office, or as a barber or manicure shop, or as an employment bureau without the express prior written consent of Landlord. Tenant shall not engage or pay any employees
on the Premises except those actually working for such tenant on the Premises nor advertise for laborers giving an address at the Premises. 

17.    Landlord reserves the right to exclude or expel from the Project any person who, in the judgment of Landlord, is
intoxicated or under the influence of liquor or drugs, or who shall in any manner do any act in violation of any of these Rules and Regulations. 

18.    Tenant, its employees and agents shall not loiter in or on the entrances, corridors, sidewalks, lobbies, courts,
halls, stairways, elevators, vestibules or any Common Areas for the purpose of smoking tobacco products or for any other purpose, nor in any way obstruct such areas, and shall use them only as a means of ingress and egress for the Premises. 

19.    Tenant shall not waste electricity, water or air conditioning and agrees to cooperate fully with Landlord to ensure
the most effective operation of the Building’s heating and air conditioning system, and shall refrain from attempting to adjust any controls. Tenant shall participate in recycling programs undertaken by Landlord. 

20.    Tenant shall store all its trash and garbage within the interior of the Premises. No material shall be placed in
the trash boxes or receptacles if such material is of such nature that it may not be disposed of in the ordinary and customary manner of removing and disposing of trash and 

  
 EXHIBIT D 

-3- 

 
garbage in San Francisco, California without violation of any law or ordinance governing such disposal. All trash, garbage and refuse disposal shall be made only through entry-ways and elevators
provided for such purposes at such times as Landlord shall designate. If the Premises is or becomes infested with vermin as a result of the use or any misuse or neglect of the Premises by Tenant, its agents, servants, employees, contractors,
visitors or licensees, Tenant shall forthwith, at Tenant’s expense, cause the Premises to be exterminated from time to time to the satisfaction of Landlord and shall employ such licensed exterminators as shall be approved in writing in advance
by Landlord. 
 21.    Tenant shall comply with all safety, fire protection and evacuation procedures and regulations
established by Landlord or any governmental agency. 
 22.    Any persons employed by Tenant to do janitorial work shall
be subject to the prior written approval of Landlord, and while in the Building and outside of the Premises, shall be subject to and under the control and direction of the Building manager (but not as an agent or servant of such manager or of
Landlord), and Tenant shall be responsible for all acts of such persons. 
 23.    No awnings or other projection shall
be attached to the outside walls of the Building without the prior written consent of Landlord, and 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 standard drapes. All electrical ceiling fixtures hung in the Premises or spaces along the perimeter of the Building must be fluorescent and/or of a quality, type, design and a warm white bulb color approved in advance in writing by
Landlord. Neither the interior nor exterior of any windows shall be coated or otherwise sunscreened without the prior written consent of Landlord. Tenant shall be responsible for any damage to the window film on the exterior windows of the Premises
and shall promptly repair any such damage at Tenant’s sole cost and expense. Tenant shall keep its window coverings closed during any period of the day when the sun is shining directly on the windows of the Premises. Prior to leaving the
Premises for the day, Tenant shall draw or lower window coverings and extinguish all lights. Tenant shall abide by Landlord’s regulations concerning the opening and closing of window coverings which are attached to the windows in the Premises,
if any, which have a view of any interior portion of the Building or Building Common Areas. 
 24.    The sashes, sash
doors, skylights, windows, and doors that reflect or admit light and air into the halls, passageways or other public places in the Building shall not be covered or obstructed by Tenant, nor shall any bottles, parcels or other articles be placed on
the windowsills. 
 25.    Tenant must comply with requests by the Landlord concerning the informing of their employees
of items of importance to the Landlord. 
 26.    Tenant must comply with applicable “NO-SMOKING” ordinances and all related, similar or successor ordinances, rules, regulations or codes. If Tenant is required under the ordinance to adopt a written smoking policy, a copy of said policy shall
be on file in the office of the Building. In addition, no smoking of any substance shall be permitted within the Project except in specifically designated outdoor areas. Within such designated outdoor areas, all remnants of consumed cigarettes and
related paraphernalia shall be deposited in ash trays and/or waste receptacles. No cigarettes shall 

  
 EXHIBIT D 

-4- 

 
be extinguished and/or left on the ground or any other surface of the Project. Cigarettes shall be extinguished only in ashtrays. Furthermore, in no event shall Tenant, its employees or agents
smoke tobacco products or other substances (x) within any interior areas of the Project, or (y) within two hundred feet (200’) of the main entrance of the Building or the main entrance of any of the adjacent buildings, or
(z) within seventy-five feet (75’) of any other entryways into, the Building. 
 27.    Tenant hereby
acknowledges that Landlord shall have no obligation to provide guard service or other security measures for the benefit of the Premises, the Building or the Project. Tenant hereby assumes all responsibility for the protection of Tenant and its
agents, employees, contractors, invitees and guests, and the property thereof, from acts of third parties, including keeping doors locked and other means of entry to the Premises closed, whether or not Landlord, at its option, elects to provide
security protection for the Project or any portion thereof. Tenant further assumes the risk that any safety and security devices, services and programs which Landlord elects, in its sole discretion, to provide may not be effective, or may
malfunction or be circumvented by an unauthorized third party, and Tenant shall, in addition to its other insurance obligations under this Lease, obtain its own insurance coverage to the extent Tenant desires protection against losses related to
such occurrences. Tenant shall cooperate in any reasonable safety or security program developed by Landlord or required by law. 

28.    All office equipment of any electrical or mechanical nature shall be placed by Tenant in the Premises in settings
approved by Landlord, to absorb or prevent any vibration, noise and annoyance. 
 29.    Tenant shall not use in any
space or in the public halls of the Building, any hand trucks except those equipped with rubber tires and rubber side guards. 

30.    No auction, liquidation, fire sale, going-out-of-business or bankruptcy sale shall be conducted in the Premises without the prior written consent of Landlord. 

31.    No tenant shall use or permit the use of any portion of the Premises for living quarters, sleeping apartments or
lodging rooms. 
 32.    Tenant shall not purchase janitorial services from any company or persons not reasonably
approved by Landlord. Landlord shall approve a sufficient number of sources of such services to provide Tenant with a reasonable selection, but only in such instances and to such extent as Landlord in its judgment shall consider consistent with the
security and proper operation of the Building. 
 33.    Tenant shall install and maintain, at Tenant’s sole cost
and expense, an adequate, visibly marked and properly operational fire extinguisher next to any duplicating or photocopying machines or similar heat producing equipment, which may or may not contain combustible material, in the Premises. 

  
 EXHIBIT D 

-5- 

 Landlord reserves the right at any time to change or rescind any one or more of these Rules
and Regulations, or to make such other and further reasonable Rules and Regulations as in Landlord’s judgment may from time to time be necessary for the management, safety, care and cleanliness of the Premises, Building, the Common Areas and
the Project, and for the preservation of good order therein, as well as for the convenience of other occupants and tenants therein. Landlord may waive any one or more of these Rules and Regulations for the benefit of any particular tenants, but no
such waiver by Landlord shall be construed as a waiver of such Rules and Regulations in favor of any other tenant, nor prevent Landlord from thereafter enforcing any such Rules or Regulations against any or all tenants of the Project. Tenant shall
be deemed to have read these Rules and Regulations and to have agreed to abide by them as a condition of its occupancy of the Premises. 

  
 EXHIBIT D 

-6- 

 EXHIBIT E 

303 SECOND STREET 
 FORM
OF TENANT’S ESTOPPEL CERTIFICATE 
 The undersigned as Tenant under that certain Office Lease (the “Lease”) made and
entered into as of             , 20     by and between
                     as Landlord, and the undersigned as Tenant, for Premises on the
                     floor(s) of the office building located at
                    ,
                    , California
                    , certifies as follows: 

1.    Attached hereto as Exhibit A is a true and correct copy of the Lease and all amendments
and modifications thereto. The documents contained in Exhibit A represent the entire agreement between the parties as to the Premises. 

2.    The undersigned currently occupies the Premises described in the Lease, the Lease Term commenced on
                    , and the Lease Term expires on
                    , and the undersigned has no option to terminate or cancel the Lease or to purchase all or any part of the Premises, the
Building and/or the Project. 
 3.    Base Rent became payable on
                    . 

4.    The Lease is in full force and effect and has not been modified, supplemented or amended in any way except as
provided in Exhibit A. 
 5.    Tenant has not transferred, assigned, or sublet any portion of
the Premises nor entered into any license or concession agreements with respect thereto except as follows: 
 6.    All
monthly installments of Base Rent, all Additional Rent and all monthly installments of estimated Additional Rent have been paid when due through
                    . The current monthly installment of Base Rent is $        . 

7.    To Tenant’s knowledge, all conditions of the Lease to be performed by Landlord necessary to the enforceability
of the Lease have been satisfied and Landlord is not in default thereunder. In addition, the undersigned has not delivered any notice to Landlord regarding a default by Landlord thereunder. 

8.    No rental has been paid more than thirty (30) days in advance and no security has been deposited with Landlord
except as provided in the Lease. 

  
 EXHIBIT E 

-1- 

 9.    To Tenant’s knowledge, as of the date hereof, there are no
existing defenses or offsets, or, to the undersigned’s knowledge, claims or any basis for a claim, that the undersigned has against Landlord. 

10.    If Tenant is a corporation or partnership, Tenant hereby represents and warrants that Tenant is a duly formed and
existing entity qualified to do business in California and that Tenant has full right and authority to execute and deliver this Estoppel Certificate and that each person signing on behalf of Tenant is authorized to do so. 

11.    There are no actions pending against the undersigned under the bankruptcy or similar laws of the United States or
any state. 
 12.    Other than in compliance with all applicable laws and incidental to the ordinary course of the use
of the Premises, the undersigned has not used or stored any hazardous materials or substances in the Premises. 

13.    To the undersigned’s knowledge, all improvement work to be performed by Landlord under the Lease has been
completed in accordance with the Lease and has been accepted by the undersigned and all reimbursements and allowances due to the undersigned under the Lease in connection with any improvement work have been paid in full. 

The undersigned acknowledges that this Estoppel Certificate may be delivered to Landlord or to a prospective mortgagee or prospective
purchaser, and acknowledges that said prospective mortgagee or prospective purchaser will be relying upon the statements contained herein in making the loan or acquiring the property of which the Premises is a part and that receipt by it of this
certificate is a condition of making such loan or acquiring such property. 
 Executed at
                     on the     
day of             , 20    . 
  

					
	“Tenant”:	 	
	
	
                    
                     

 
					
	a	 	
                     
                    
 

		
	By:	 	
                     
                                       

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 EXHIBIT E 

-2- 

 EXHIBIT F 

303 SECOND STREET 
 RECORDING REQUESTED BY

 AND WHEN RECORDED RETURN TO: 
 ALLEN MATKINS LECK GAMBLE

 MALLORY & NATSIS LLP 
 1901 Avenue of the Stars,
18th Floor 
 Los Angeles, California 90067 
  

 
  

RECOGNITION OF COVENANTS, 

CONDITIONS, AND RESTRICTIONS 

This Recognition of Covenants, Conditions, and Restrictions (this “Agreement”) is entered into as of the
     day of             , 20     , by and between
                     (“Landlord”), and
                     (“Tenant”), with reference to the following facts: 

A.    Landlord and Tenant entered into that certain Office Lease dated
            , 20      (the “Lease”). Pursuant to the Lease, Landlord leased to Tenant and Tenant leased from Landlord space (the
“Premises”) located in an office building on certain real property described in Exhibit A attached hereto and incorporated herein by this reference (the “Property”).

 B.    The Premises is located in an office building located on real property which is part of an area owned by
Landlord containing approximately                     
(                    ) acres of real property located in the City of
                    , California (the “Project”), as more particularly described in
Exhibit B attached hereto and incorporated herein by this reference. 

C.    Landlord, as declarant, has previously recorded, or proposes to record concurrently with the recordation of this
Agreement, a Declaration of Covenants, Conditions, and Restrictions (the “Declaration”), dated                     ,
20    , in connection with the Project. 
 D.    Tenant is agreeing to recognize and be bound
by the terms of the Declaration, and the parties hereto desire to set forth their agreements concerning the same. 
 NOW, THEREFORE, in
consideration of (a) the foregoing recitals and the mutual agreements hereinafter set forth, and (b) for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as
follows, 
 1.    Tenant’s Recognition of Declaration. Notwithstanding that the Lease has been executed
prior to the recordation of the Declaration, Tenant agrees to recognize and by bound by all of the terms and conditions of the Declaration. 

  
 EXHIBIT F 

-1- 

 2.    Miscellaneous. 

2.1    This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective heirs,
estates, personal representatives, successors, and assigns. 
 2.2    This Agreement is made in, and shall be governed,
enforced and construed under the laws of, the State of California. 
 2.3    This Agreement constitutes the entire
understanding and agreements of the parties with respect to the subject matter hereof, and shall supersede and replace all prior understandings and agreements, whether verbal or in writing. The parties confirm and acknowledge that there are no other
promises, covenants, understandings, agreements, representations, or warranties with respect to the subject matter of this Agreement except as expressly set forth herein. 

2.4    This Agreement is not to be modified, terminated, or amended in any respect, except pursuant to any instrument in
writing duly executed by both of the parties hereto. 
 2.5    In the event that either party hereto shall bring any
legal action or other proceeding with respect to the breach, interpretation, or enforcement of this Agreement, or with respect to any dispute relating to any transaction covered by this Agreement, the losing party in such action or proceeding shall
reimburse the prevailing party therein for all reasonable costs of litigation, including reasonable attorneys’ fees, in such amount as may be determined by the court or other tribunal having jurisdiction, including matters on appeal. 

2.6    All captions and heading herein are for convenience and ease of reference only, and shall not be used or referred
to in any way in connection with the interpretation or enforcement of this Agreement. 
 2.7    If any provision of this
Agreement, as applied to any party or to any circumstance, shall be adjudged by a court of competent jurisdictions to be void or unenforceable for any reason, the same shall not affect any other provision of this Agreement, the application of such
provision under circumstances different from those adjudged by the court, or the validity or enforceability of this Agreement as a whole. 

2.8    Time is of the essence of this Agreement. 

2.9    The Parties agree to execute any further documents, and take any further actions, as may be reasonable and
appropriate in order to carry out the purpose and intent of this Agreement. 
 2.10    As used herein, the masculine,
feminine or neuter gender, and the singular and plural numbers, shall each be deemed to include the others whenever and whatever the context so indicates. 

  
 EXHIBIT F 

-2- 

 SIGNATURE PAGE OF RECOGNITION OF 

COVENANTS, CONDITIONS AND RESTRICTIONS 

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

 

					
	“Landlord”:
	
	
                     
                   

	a	 	
                     
                    

		
	By:	 	
                     
                   

	 	 	Its:	 	
                     
                    

	
	“Tenant”:
	
	  

	a	 	
                     
                    

		
	By:	 	
                     
                   

	 	 	Its:	 	
                     
                    

		
	By:	 	
                     
                   

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 EXHIBIT F 

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 EXHIBIT G 

303 SECOND STREET 

FORM OF LETTER OF CREDIT 

(Letterhead of a money center bank 

acceptable to the Landlord) 
  

			
	
FAX NO. [(                    )   
          -            ]

SWIFT: [Insert No., if any]
	  	[Insert Bank Name And Address]
		
		  	DATE OF ISSUE:                     
		
	 BENEFICIARY:
 [Confirm Beneficiary
Name]
 Kilroy Realty 303, LLC
 c/o Kilroy Realty
Corporation
 12200 West Olympic Boulevard, Suite 200
 Los
Angeles, California 90064
 Attention: Legal Department
  
	  	 APPLICANT:
 [Insert Applicant Name And
Address]

		  	LETTER OF CREDIT NO.     
		
	 EXPIRATION DATE:

                     AT OUR COUNTERS
	  	 AMOUNT AVAILABLE:
 USD [Insert Dollar
Amount]
 (U.S. DOLLARS [Insert Dollar Amount])

 LADIES AND GENTLEMEN: 
 WE
HEREBY ESTABLISH OUR IRREVOCABLE STANDBY LETTER OF CREDIT NO.      IN YOUR FAVOR FOR THE ACCOUNT OF [Insert Tenant’s Name], A [Insert Entity Type], UP TO THE AGGREGATE AMOUNT OF USD[Insert Dollar Amount] ([Insert Dollar
Amount] U.S. DOLLARS) EFFECTIVE IMMEDIATELY AND EXPIRING ON (Expiration Date) AVAILABLE BY PAYMENT UPON PRESENTATION OF YOUR DRAFT AT SIGHT DRAWN ON [Insert Bank Name] WHEN ACCOMPANIED BY THE FOLLOWING DOCUMENT(S): 

1.    THE ORIGINAL OF THIS IRREVOCABLE STANDBY LETTER OF CREDIT AND AMENDMENT(S), IF ANY. 

  
 EXHIBIT G 

-1- 

 2.    BENEFICIARY’S SIGNED STATEMENT PURPORTEDLY SIGNED
BY AN AUTHORIZED REPRESENTATIVE OF [Insert Landlord’s Name], A [Insert Entity Type] (“LANDLORD”) STATING THE FOLLOWING: 

“THE UNDERSIGNED HEREBY CERTIFIES THAT THE LANDLORD, EITHER (A) UNDER THE LEASE (DEFINED BELOW), OR (B) AS A RESULT OF THE
TERMINATION OF SUCH LEASE, HAS THE RIGHT TO DRAW DOWN THE AMOUNT OF USD                      IN ACCORDANCE WITH THE TERMS OF THAT CERTAIN OFFICE
LEASE DATED [Insert Lease Date], AS THE SAME MAY HAVE BEEN AMENDED (COLLECTIVELY, THE “LEASE”), OR SUCH AMOUNT CONSTITUTES DAMAGES OWING BY THE TENANT TO BENEFICIARY RESULTING FROM THE BREACH OF SUCH LEASE BY THE TENANT THEREUNDER, OR THE
TERMINATION OF SUCH LEASE, AND SUCH AMOUNT REMAINS UNPAID AT THE TIME OF THIS DRAWING.” 
 OR 

“THE UNDERSIGNED HEREBY CERTIFIES THAT WE HAVE RECEIVED A WRITTEN NOTICE OF [Insert Bank Name]’S ELECTION NOT TO EXTEND ITS STANDBY
LETTER OF CREDIT NO.      AND HAVE NOT RECEIVED A REPLACEMENT LETTER OF CREDIT WITHIN AT LEAST SIXTY (60) DAYS PRIOR TO THE PRESENT EXPIRATION DATE.” 

OR 
 “THE UNDERSIGNED HEREBY CERTIFIES THAT
BENEFICIARY IS ENTITLED TO DRAW DOWN THE FULL AMOUNT OF LETTER OF CREDIT NO.      AS THE RESULT OF THE FILING OF A VOLUNTARY PETITION UNDER THE U.S. BANKRUPTCY CODE OR A STATE BANKRUPTCY CODE BY THE TENANT UNDER THAT CERTAIN
OFFICE LEASE DATED [Insert Lease Date], AS THE SAME MAY HAVE BEEN AMENDED (COLLECTIVELY, THE “LEASE”), WHICH FILING HAS NOT BEEN DISMISSED AT THE TIME OF THIS DRAWING.” 

OR 
 “THE UNDERSIGNED HEREBY CERTIFIES THAT
BENEFICIARY IS ENTITLED TO DRAW DOWN THE FULL AMOUNT OF LETTER OF CREDIT NO.      AS THE RESULT OF AN INVOLUNTARY PETITION HAVING BEEN FILED UNDER THE U.S. BANKRUPTCY CODE OR A STATE BANKRUPTCY CODE AGAINST THE TENANT UNDER THAT
CERTAIN OFFICE LEASE DATED [Insert Lease Date], AS THE SAME MAY HAVE BEEN AMENDED (COLLECTIVELY, THE “LEASE”), WHICH FILING HAS NOT BEEN DISMISSED AT THE TIME OF THIS DRAWING.” 

  
 EXHIBIT G 

-2- 

 OR 

“THE UNDERSIGNED HEREBY CERTIFIES THAT BENEFICIARY IS ENTITLED TO DRAW DOWN THE FULL AMOUNT OF LETTER OF CREDIT NO.
     AS THE RESULT OF THE REJECTION, OR DEEMED REJECTION, OF THAT CERTAIN OFFICE LEASE DATED [Insert Lease Date], AS THE SAME MAY HAVE BEEN AMENDED, UNDER SECTION 365 OF THE U.S. BANKRUPTCY CODE.” 

SPECIAL CONDITIONS: 
 PARTIAL DRAWINGS AND MULTIPLE
PRESENTATIONS MAY BE MADE UNDER THIS STANDBY LETTER OF CREDIT, PROVIDED, HOWEVER, THAT EACH SUCH DEMAND THAT IS PAID BY US SHALL REDUCE THE AMOUNT AVAILABLE UNDER THIS STANDBY LETTER OF CREDIT. 

ALL INFORMATION REQUIRED WHETHER INDICATED BY BLANKS, BRACKETS OR OTHERWISE, MUST BE COMPLETED AT THE TIME OF DRAWING. [Please Provide The Required Forms For
Review, And Attach As Schedules To The Letter Of Credit.] 
 ALL SIGNATURES MUST BE MANUALLY EXECUTED IN ORIGINALS. 

ALL BANKING CHARGES ARE FOR THE APPLICANT’S ACCOUNT. 
 IT
IS A CONDITION OF THIS STANDBY LETTER OF CREDIT THAT IT SHALL BE DEEMED AUTOMATICALLY EXTENDED WITHOUT AMENDMENT FOR A PERIOD OF ONE YEAR FROM THE PRESENT OR ANY FUTURE EXPIRATION DATE, UNLESS AT LEAST THIRTY (30) DAYS PRIOR TO THE EXPIRATION
DATE WE SEND YOU NOTICE BY NATIONALLY RECOGNIZED OVERNIGHT COURIER SERVICE THAT WE ELECT NOT TO EXTEND THIS LETTER OF CREDIT FOR ANY SUCH ADDITIONAL PERIOD. SAID NOTICE WILL BE SENT TO THE ADDRESS INDICATED ABOVE, UNLESS A CHANGE OF ADDRESS IS
OTHERWISE NOTIFIED BY YOU TO US IN WRITING BY RECEIPTED MAIL OR COURIER. ANY NOTICE TO US WILL BE DEEMED EFFECTIVE ONLY UPON ACTUAL RECEIPT BY US AT OUR DESIGNATED OFFICE. IN NO EVENT, AND WITHOUT FURTHER NOTICE FROM OURSELVES, SHALL THE EXPIRATION
DATE BE EXTENDED BEYOND A FINAL EXPIRATION DATE OF                      (95 days from the Lease Expiration Date). 

THIS LETTER OF CREDIT MAY BE TRANSFERRED SUCCESSIVELY IN WHOLE OR IN PART ONLY UP TO THE THEN AVAILABLE AMOUNT IN FAVOR OF A NOMINATED TRANSFEREE
(“TRANSFEREE”), ASSUMING SUCH TRANSFER TO SUCH TRANSFEREE IS IN COMPLIANCE WITH ALL APPLICABLE U.S. LAWS AND REGULATIONS. AT THE TIME OF TRANSFER, THE ORIGINAL LETTER OF CREDIT AND ORIGINAL AMENDMENT(S) IF ANY, MUST BE SURRENDERED TO US
TOGETHER WITH OUR TRANSFER FORM (AVAILABLE UPON REQUEST) AND PAYMENT OF OUR CUSTOMARY TRANSFER FEES, WHICH FEES SHALL BE PAYABLE BY APPLICANT (PROVIDED THAT BENEFICIARY 

  
 EXHIBIT G 

-3- 

 
MAY, BUT SHALL NOT BE OBLIGATED TO, PAY SUCH FEES TO US ON BEHALF OF APPLICANT, AND SEEK REIMBURSEMENT THEREOF FROM APPLICANT). IN CASE OF ANY TRANSFER UNDER THIS LETTER OF CREDIT, THE DRAFT AND
ANY REQUIRED STATEMENT MUST BE EXECUTED BY THE TRANSFEREE AND WHERE THE BENEFICIARY’S NAME APPEARS WITHIN THIS STANDBY LETTER OF CREDIT, THE TRANSFEREE’S NAME IS AUTOMATICALLY SUBSTITUTED THEREFOR. 

ALL DRAFTS REQUIRED UNDER THIS STANDBY LETTER OF CREDIT MUST BE MARKED: “DRAWN UNDER [Insert Bank Name] STANDBY LETTER OF CREDIT NO.
    . 
 WE HEREBY AGREE WITH YOU THAT IF DRAFTS ARE PRESENTED TO [Insert Bank Name] UNDER THIS LETTER OF CREDIT AT OR PRIOR TO [Insert
Time — (e.g., 11:00 AM)], ON A BUSINESS DAY, AND PROVIDED THAT SUCH DRAFTS PRESENTED CONFORM TO THE TERMS AND CONDITIONS OF THIS LETTER OF CREDIT, PAYMENT SHALL BE INITIATED BY US IN IMMEDIATELY AVAILABLE FUNDS BY OUR CLOSE OF BUSINESS
ON THE SUCCEEDING BUSINESS DAY. IF DRAFTS ARE PRESENTED TO [Insert Bank Name] UNDER THIS LETTER OF CREDIT AFTER [Insert Time — (e.g., 11:00 AM)], ON A BUSINESS DAY, AND PROVIDED THAT SUCH DRAFTS CONFORM WITH THE TERMS AND CONDITIONS OF
THIS LETTER OF CREDIT, PAYMENT SHALL BE INITIATED BY US IN IMMEDIATELY AVAILABLE FUNDS BY OUR CLOSE OF BUSINESS ON THE SECOND SUCCEEDING BUSINESS DAY. AS USED IN THIS LETTER OF CREDIT, “BUSINESS DAY” SHALL MEAN ANY DAY OTHER THAN A
SATURDAY, SUNDAY OR A DAY ON WHICH BANKING INSTITUTIONS IN THE STATE OF CALIFORNIA ARE AUTHORIZED OR REQUIRED BY LAW TO CLOSE. IF THE EXPIRATION DATE FOR THIS LETTER OF CREDIT SHALL EVER FALL ON A DAY WHICH IS NOT A BUSINESS DAY THEN SUCH EXPIRATION
DATE SHALL AUTOMATICALLY BE EXTENDED TO THE DATE WHICH IS THE NEXT BUSINESS DAY. 
 PRESENTATION OF A DRAWING UNDER THIS LETTER OF CREDIT MAY BE MADE ON OR
PRIOR TO THE THEN CURRENT EXPIRATION DATE HEREOF BY HAND DELIVERY, COURIER SERVICE, OVERNIGHT MAIL, OR FACSIMILE. PRESENTATION BY FACSIMILE TRANSMISSION SHALL BE BY TRANSMISSION OF THE ABOVE REQUIRED SIGHT DRAFT DRAWN ON US TOGETHER WITH THIS LETTER
OF CREDIT TO OUR FACSIMILE NUMBER, [Insert Fax Number - (                    )
            -            ], ATTENTION: [Insert Appropriate Recipient], WITH TELEPHONIC CONFIRMATION OF OUR RECEIPT OF SUCH
FACSIMILE TRANSMISSION AT OUR TELEPHONE NUMBER [Insert Telephone Number - (                    )
            -            ] OR TO SUCH OTHER FACSIMILE OR TELEPHONE NUMBERS, AS TO WHICH YOU HAVE RECEIVED WRITTEN NOTICE FROM US
AS BEING THE APPLICABLE SUCH NUMBER. WE AGREE TO NOTIFY YOU IN WRITING, BY NATIONALLY RECOGNIZED OVERNIGHT COURIER SERVICE, OF ANY CHANGE IN SUCH DIRECTION. ANY FACSIMILE PRESENTATION PURSUANT TO THIS PARAGRAPH SHALL ALSO STATE THEREON THAT THE
ORIGINAL OF SUCH SIGHT DRAFT AND LETTER OF CREDIT ARE BEING REMITTED, FOR DELIVERY ON THE NEXT BUSINESS DAY, TO [Insert Bank Name] AT THE APPLICABLE ADDRESS FOR PRESENTMENT PURSUANT TO THE PARAGRAPH FOLLOWING THIS ONE. 

  
 EXHIBIT G 

-4- 

 WE HEREBY ENGAGE WITH YOU THAT ALL DOCUMENT(S) DRAWN UNDER AND IN COMPLIANCE WITH THE TERMS OF THIS STANDBY
LETTER OF CREDIT WILL BE DULY HONORED IF DRAWN AND PRESENTED FOR PAYMENT AT OUR OFFICE LOCATED AT [Insert Bank Name], [Insert Bank Address], ATTN: [Insert Appropriate Recipient], ON OR BEFORE THE EXPIRATION DATE OF THIS CREDIT, (Expiration
Date). 
 IN THE EVENT THAT THE ORIGINAL OF THIS STANDBY LETTER OF CREDIT IS LOST, STOLEN, MUTILATED, OR OTHERWISE DESTROYED, WE HEREBY AGREE TO ISSUE A
DUPLICATE ORIGINAL HEREOF UPON RECEIPT OF A WRITTEN REQUEST FROM YOU AND A CERTIFICATION BY YOU (PURPORTEDLY SIGNED BY YOUR AUTHORIZED REPRESENTATIVE) OF THE LOSS, THEFT, MUTILATION, OR OTHER DESTRUCTION OF THE ORIGINAL HEREOF. 

EXCEPT SO FAR AS OTHERWISE EXPRESSLY STATED HEREIN, THIS STANDBY LETTER OF CREDIT IS SUBJECT TO THE “INTERNATIONAL STANDBY PRACTICES” (ISP 98)
INTERNATIONAL CHAMBER OF COMMERCE (PUBLICATION NO. 590). 
  

			
	Very truly yours,
	
	(Name of Issuing Bank)
		
	By:	 	
                    
                                         

  
 EXHIBIT G 

-5- 

 EXHIBIT H 

303 SECOND STREET 

MARKET RENT DETERMINATION FACTORS 

When determining Market Rent, the following rules and instructions shall be followed. 

1.    RELEVANT FACTORS. The “Market Rent,” as used in this Lease, shall be derived from an
analysis (as such derivation and analysis are set forth in this Exhibit H) of the “Net Equivalent Lease Rates,” of the “Comparable Transactions” (as that term is defined below). The
Market Rent, as used in this Lease, shall be equal to the annual rent per rentable square foot, at which tenants, are, pursuant to transactions consummated within twelve (12) months prior to the commencement of the Option Term, provided that
timing adjustments shall be made to reflect any changes in the Market Rent following the date of any particular Comparable Transaction up to the date of the commencement of the applicable Option Term, leasing
non-sublease, non-encumbered space comparable in location and quality to the Premises containing a square footage containing a square footage of no less than 100,000
rentable square feet for a term of five (5) to fifteen (15) years (or with respect to the First Offer Space, a term that is comparable to the First Offer Term and to the extent that the Comparable Transactions have a different lease term
from the First Offer Term, then an appropriate adjustment shall be made), in an arm’s-length transaction, which comparable space is located in “Comparable Buildings” (transactions satisfying the
foregoing criteria shall be known as the “Comparable Transactions”). The terms of the Comparable Transactions shall be calculated as a “Net Equivalent Lease Rate” pursuant to the terms of this
Exhibit H, and shall take into consideration only the following terms and concessions: (i) the rental rate and escalations for the Comparable Transactions, (ii) the amount of parking rent per
parking permit paid in the Comparable Transactions, if any, (iii) operating expense and tax protection granted in such Comparable Transactions such as a base year or expense stop (although for each such Comparable Transaction the base rent
shall be adjusted to a triple net base rent using reasonable estimates of operating expenses and taxes as determined by Landlord for each such Comparable Transaction); (iv) rental abatement concessions, if any, being granted such tenants in
connection with such comparable space, (v) any “Renewal Allowance,” as defined herein below, to be provided by Landlord in connection with the Option Term as compared to the improvements or allowances provided or to be provided in the
Comparable Transactions, taking into account the contributory value of the existing improvements in the Premises, such value to be based upon the age, design, quality of finishes, and layout of the existing improvements, (vi) consideration of
the quality of the Common Areas and the level of control and usage rights of Common Areas (such as the Roof Decks), and (vii) all other monetary concessions (including the value of any signage), if any, being granted such tenants in connection
with such Comparable Transactions. Notwithstanding any contrary provision hereof, in determining the Market Rent, no consideration shall be given to (A) any period of rental abatement, if any, granted to tenants in Comparable Transactions in
connection with the design, permitting and construction of improvements, or (B) any commission paid or not paid in connection with such Comparable Transaction (unless and to the extent any particular commission in connection with any particular
Comparable Transaction is known and 

  
 EXHIBIT H 

-1- 

 
evidenced by reasonable supporting documentation). The Market Rent shall include adjustment of the stated size of the Premises based upon the standards of measurement utilized in the Comparable
Transactions; provided, however, the size of the Premises shall, notwithstanding the foregoing, be at least equal to the square footages set forth in this Lease. For purposes of the foregoing and this
Exhibit H, in connection with a determination of the Market Rent for the First Offer Space, all references herein to “Option Term” and “Premises” shall be deleted and replaced with
“First Offer Term” and “First Offer Space,” respectively. 
 2.    TENANT SECURITY.
The Market Rent shall additionally include a determination as to whether, and if so to what extent, Tenant must provide Landlord with financial security, such as an enhanced security deposit, a letter of credit or guaranty, for Tenant’s Rent
obligations during the Option Term. Such determination shall be made by reviewing the extent of financial security then generally being imposed in Comparable Transactions from tenants of comparable financial condition and credit history to the then
existing financial condition and credit history of Tenant (with appropriate adjustments to account for differences in the then-existing financial condition of Tenant and such other tenants, and giving reasonable consideration to Tenant’s prior
performance history during the Lease Term). 
 3.    RENEWAL IMPROVEMENT ALLOWANCE. Notwithstanding
anything to the contrary set forth in this Exhibit H, once the Market Rent for the Option Term is determined as a Net Equivalent Lease Rate, if, in connection with such determination, it is deemed that
Tenant is entitled to an improvement or comparable allowance for the improvement of the Premises, (the total dollar value of such allowance shall be referred to herein as the “Renewal Allowance”), Landlord shall pay the Renewal
Allowance to Tenant pursuant to a commercially reasonable disbursement procedure determined by Landlord and the terms of Article 8 of this Lease, and, as set forth in Section 5, below, of this
Exhibit H, the rental rate component of the Market Rent shall take into consideration that Tenant will receive payment of such Renewal Allowance and, accordingly, such payment with interest shall be
factored into the base rent component of the Market Rent. 
 4.    COMPARABLE BUILDINGS. For purposes of
this Lease, the term “Comparable Buildings” shall mean first-class multi-tenant occupancy office buildings which are comparable to the Building in terms of age (based upon the date of completion of construction or major renovation),
quality of construction, level of services and amenities (including, but not limited to, the type (e.g., surface, covered, subterranean) and amount of parking), size and appearance, and are located in the “Comparable Area,” which is
the “South Financial District” and “South of Market” submarkets on the South side of Market Street in San Francisco. 

5.    METHODOLOGY FOR REVIEWING AND COMPARING THE COMPARABLE TRANSACTIONS. In order to analyze the
Comparable Transactions based on the factors to be considered in calculating Market Rent, and given that the Comparable Transactions may vary in terms of length of term, rental rate, concessions, etc., the following steps shall be taken into
consideration to “adjust” the objective data from each of the Comparable Transactions. By taking this approach, a “Net Equivalent Lease Rate” for each of the Comparable Transactions shall be determined using the following steps
to adjust the Comparable Transactions, which will allow for an “apples to apples” comparison of the Comparable Transactions. 

  
 EXHIBIT H 

-2- 

 5.1.    The contractual rent payments for each of the Comparable
Transactions should be arrayed monthly or annually over the lease term. All Comparable Transactions should be adjusted to simulate a net rent structure, wherein the tenant is responsible for the payment of all property operating expenses in a manner
consistent with this Lease. This results in the estimate of Net Equivalent Rent received by each landlord for each Comparable Transaction being expressed as a periodic net rent payment. 

5.2    Any free rent or similar inducements received over time should be deducted in the time period in which they occur,
resulting in the net cash flow arrayed over the lease term. 
 5.3    The resultant net cash flow from the lease should
then be discounted (using an 8% annual discount rate) to the lease commencement date, resulting in a net present value estimate. 

5.4    From the net present value, up front inducements (improvements allowances and other concessions) should be
deducted. These items should be deducted directly, on a “dollar for dollar” basis, without discounting since they are typically incurred at lease commencement, while rent (which is discounted) is a future receipt. 

5.5    The net present value should then be amortized back over the lease term as a level monthly or annual net rent
payment using the same annual discount rate of 8.0% used in the present value analysis. This calculation will result in a hypothetical level or even payment over the option period, termed the “Net Equivalent Lease Rate” (or constant
equivalent in general financial terms). 
 6.    USE OF NET EQUIVALENT LEASE RATES FOR COMPARABLE
TRANSACTIONS. The Net Equivalent Lease Rates for the Comparable Transactions shall then be used to reconcile, in a manner usual and customary for a real estate appraisal process, to a conclusion of Market Rent which shall be stated as a
“NNN” lease rate applicable to each year of the Option Term. 
 An example of the application of the process set forth in this
Exhibit H to arrive at the Market Rent is attached hereto as Schedule 1. 

  
 EXHIBIT H 

-3- 

 SCHEDULE 1 TO EXHIBIT H 

303 SECOND STREET 

DETERMINATION OF MARKET RENT — EXAMPLE 

As an example of the determination of the Market Rent, assume that there is a 10,000 rentable square foot Comparable Transaction with a five
(5) year term, Base Rent of $75.00 per rentable square foot with One Dollar ($1) annual increases, an improvement allowance of $25.00 per rentable square foot, three (3) months of free rent, and Operating Expenses and Tax Expenses of
$12.00 per rentable square foot. Based on the foregoing, the Net Equivalent Lease Rate analysis would be as follows. 

1.    The contractual rent payments for each of the Comparable Transactions should be arrayed monthly over the lease term.
See Column 2 in the attached spreadsheet. 
 2.    From this figure, the initial lease year operating expenses (from
gross leases) should be deducted, leaving a net lease rate over the lease term. See Column 3 in the attached spreadsheet. 

3.    This results in the net rent received by each landlord under the Comparable Transactions being expressly as a
monthly net rent payment. See Column 4 in the attached spreadsheet. 
 4.    Any free rent or similar inducements
received over time should be deducted in the time period in which they occur, resulting in the net cash flow arrayed over the lease term. See the amounts set forth in months 1, 2 and 3 of Column 2 in the attached spreadsheet. 

5.    The resultant net cash flow from the lease should be then discounted (using an eight percent (8%) annual discount
rate) to the lease commencement date, resulting in a net present value estimate. The net present value of the amounts set forth in Column 4 of the attached spreadsheet is $2,479,851.66. 

6.    From the net present value, up-front inducements (improvement allowances and
other concessions) should be deducted. These items should be deducted directly, on a “dollar for dollar” basis, without discounting, since they are typically incurred at lease commencement, while rent (which is discounted) is a future
receipt. The net present value amount set forth in number 5, above, less the improvement allowance, is $2,229,851.66. 

7.    The net present value should then amortized back over the lease term as a level monthly net rent payment using the
same annual discount rate of eight percent (8%) used in the present value analysis. This calculation will result in a hypothetical level or even payment over the option period, termed the “Net Equivalent Lease Rate” (or constant equivalent
in general financial terms). The net present value amount set forth in number 6, above, amortized back over the term at eight percent (8%) results in a net monthly rent payment of $45,213.35. 

  
 SCHEDULE 1 TO 

EXHIBIT H 
 -1- 

 8.    The net monthly rent payment set forth in number 7 above must then
be converted to a rentable square foot number by dividing the amount by the rentable square footage of the space (i.e., 10,000 rentable square feet). This results in a net monthly rent payment per rentable square foot of $4.52. 

9.    The net monthly rent payment per rentable square foot must then be multiplied by the rentable square footage of the
Premises (for purposes of this example, assume the rentable square footage of the Premises is 10,000 rentable square feet), resulting in a net monthly rent payment for the Premises during the applicable Term of Forty-Five Thousand Two Hundred and
00/100 Dollars ($45,200.00). 

  
 SCHEDULE 1 

EXHIBIT H 
 -2- 

 SCHEDULE 2 TO EXHIBIT H 

303 SECOND STREET 

DETERMINATION OF MARKET RENT - EXAMPLE 
  

					
	 Premises (RSF)
	  	 	10,000	 
	 Initial Annual Rental Rate per RSF
	  	$	75.00	 
	 Annual Escalation
	  	$	12.00	 
	 Abatement (months)
	  	 	3	 
	 Improvement Allowance per rsf
	  	$	25.00	 

  

													
	 Period
	  	Monthly Base Rent	 	  	Monthly Operating
Expenses	 	  	Monthly Net Rent
Payment	 
	 1
	  	$	—  	 	  	$	10,000.00	 	  	$	(10,000.00	) 
	 2
	  	$	—  	 	  	$	10,000.00	 	  	$	(10,000.00	) 
	 3
	  	$	—  	 	  	$	10,000.00	 	  	$	(10,000.00	) 
	 4
	  	$	62,500.00	 	  	$	10,000.00	 	  	$	52,500.00	 
	 5
	  	$	62,500.00	 	  	$	10,000.00	 	  	$	52,500.00	 
	 6
	  	$	62,500.00	 	  	$	10,000.00	 	  	$	52,500.00	 
	 7
	  	$	62,500.00	 	  	$	10,000.00	 	  	$	52,500.00	 
	 8
	  	$	62,500.00	 	  	$	10,000.00	 	  	$	52,500.00	 
	 9
	  	$	62,500.00	 	  	$	10,000.00	 	  	$	52,500.00	 
	 10
	  	$	62,500.00	 	  	$	10,000.00	 	  	$	52,500.00	 
	 11
	  	$	62,500.00	 	  	$	10,000.00	 	  	$	52,500.00	 
	 12
	  	$	62,500.00	 	  	$	10,000.00	 	  	$	52,500.00	 
	 13
	  	$	63,333.33	 	  	$	10,000.00	 	  	$	53,333.33	 
	 14
	  	$	63,333.33	 	  	$	10,000.00	 	  	$	53,333.33	 
	 15
	  	$	63,333.33	 	  	$	10,000.00	 	  	$	53,333.33	 
	 16
	  	$	63,333.33	 	  	$	10,000.00	 	  	$	53,333.33	 
	 17
	  	$	63,333.33	 	  	$	10,000.00	 	  	$	53,333.33	 
	 18
	  	$	63,333.33	 	  	$	10,000.00	 	  	$	53,333.33	 
	 19
	  	$	63,333.33	 	  	$	10,000.00	 	  	$	53,333.33	 
	 20
	  	$	63,333.33	 	  	$	10,000.00	 	  	$	53,333.33	 
	 21
	  	$	63,333.33	 	  	$	10,000.00	 	  	$	53,333.33	 
	 22
	  	$	63,333.33	 	  	$	10,000.00	 	  	$	53,333.33	 
	 23
	  	$	63,333.33	 	  	$	10,000.00	 	  	$	53,333.33	 
	 24
	  	$	63,333.33	 	  	$	10,000.00	 	  	$	53,333.33	 
	 25
	  	$	64,166.67	 	  	$	10,000.00	 	  	$	54,166.67	 
	 26
	  	$	64,166.67	 	  	$	10,000.00	 	  	$	54,166.67	 
	 27
	  	$	64,166.67	 	  	$	10,000.00	 	  	$	54,166.67	 
	 28
	  	$	64,166.67	 	  	$	10,000.00	 	  	$	54,166.67	 
	 29
	  	$	64,166.67	 	  	$	10,000.00	 	  	$	54,166.67	 
	 30
	  	$	64,166.67	 	  	$	10,000.00	 	  	$	54,166.67	 
	 31
	  	$	64,166.67	 	  	$	10,000.00	 	  	$	54,166.67	 

  
 SCHEDULE 2 TO 

EXHIBIT H 

													
	 32
	  	$	64,166.67	 	  	$	10,000.00	 	  	$	54,166.67	 
	 33
	  	$	64,166.67	 	  	$	10,000.00	 	  	$	54,166.67	 
	 34
	  	$	64,166.67	 	  	$	10,000.00	 	  	$	54,166.67	 
	 35
	  	$	64,166.67	 	  	$	10,000.00	 	  	$	54,166.67	 
	 36
	  	$	64,166.67	 	  	$	10,000.00	 	  	$	54,166.67	 
	 37
	  	$	65,000.00	 	  	$	10,000.00	 	  	$	55,000.00	 
	 38
	  	$	65,000.00	 	  	$	10,000.00	 	  	$	55,000.00	 
	 39
	  	$	65,000.00	 	  	$	10,000.00	 	  	$	55,000.00	 
	 40
	  	$	65,000.00	 	  	$	10,000.00	 	  	$	55,000.00	 
	 41
	  	$	65,000.00	 	  	$	10,000.00	 	  	$	55,000.00	 
	 42
	  	$	65,000.00	 	  	$	10,000.00	 	  	$	55,000.00	 
	 43
	  	$	65,000.00	 	  	$	10,000.00	 	  	$	55,000.00	 
	 44
	  	$	65,000.00	 	  	$	10,000.00	 	  	$	55,000.00	 
	 45
	  	$	65,000.00	 	  	$	10,000.00	 	  	$	55,000.00	 
	 46
	  	$	65,000.00	 	  	$	10,000.00	 	  	$	55,000.00	 
	 47
	  	$	65,000.00	 	  	$	10,000.00	 	  	$	55,000.00	 
	 48
	  	$	65,000.00	 	  	$	10,000.00	 	  	$	55,000.00	 
	 49
	  	$	65,833.33	 	  	$	10,000.00	 	  	$	55,833.33	 
	 50
	  	$	65,833.33	 	  	$	10,000.00	 	  	$	55,833.33	 
	 51
	  	$	65,833.33	 	  	$	10,000.00	 	  	$	55,833.33	 
	 52
	  	$	65,833.33	 	  	$	10,000.00	 	  	$	55,833.33	 
	 53
	  	$	65,833.33	 	  	$	10,000.00	 	  	$	55,833.33	 
	 54
	  	$	65,833.33	 	  	$	10,000.00	 	  	$	55,833.33	 
	 55
	  	$	65,833.33	 	  	$	10,000.00	 	  	$	55,833.33	 
	 56
	  	$	65,833.33	 	  	$	10,000.00	 	  	$	55,833.33	 
	 57
	  	$	65,833.33	 	  	$	10,000.00	 	  	$	55,833.33	 
	 58
	  	$	65,833.33	 	  	$	10,000.00	 	  	$	55,833.33	 
	 59
	  	$	65,833.33	 	  	$	10,000.00	 	  	$	55,833.33	 
	 60
	  	$	65,833.33	 	  	$	10,000.00	 	  	$	55,833.33	 
		  				  				  	  
	  
	 
	 Net Present Value @ 8%
	  
	  	$	2,479,851.66	 
	 Up-front inducements (Improvements &
Other)
	  
	  	$	250,000.00	 
			  	  
	  
	 
	 Net Present Value net of inducements
	  
	  	$	2,229,851.66	 
			  	  
	  
	 
	 Monthly Amortization @ 8%
	  
	  	$	45,213.35	 
			  	  
	  
	 
	 Net Monthly Rent Payment per rentable square foot
	  
	  	$	4.52	 
	 Rentable Square Footage of Premises
	  
	  	 	10,000	 
			  	  
	  
	 
	 Net Monthly Rent Payment for the Premises during the applicable Term
	  
	  	$	45,200.00	 
		  				  				  	  
	  
	 

  
 SCHEDULE 2 

EXHIBIT H 
 -2- 

 FIRST AMENDMENT TO OFFICE LEASE 

This FIRST AMENDMENT TO OFFICE LEASE (this “First Amendment”) is made and entered into as of July 30, 2019, by and
between KILROY REALTY 303, LLC, a Delaware limited liability company (“Landlord”), and DOORDASH, INC., a Delaware corporation (“Tenant”). 

R E C I T A L S : 

A.    Landlord and Tenant entered into that certain Office Lease dated October 18, 2018 (the “Office
Lease”), as amended by that certain Letter Agreement regarding Rooftop Condensing Unit dated May 23, 2019 (the “Letter Agreement”) (collectively, the “Lease”), whereby Landlord leased to Tenant and
Tenant leased from Landlord those certain premises consisting of approximately 193,296 rentable square feet (the “Existing Premises”), commonly known as Suites 200, 300, 700, 750, 800, and 900 in the South Tower of that certain
building (the “Building”) located at 303 Second Street, San Francisco, California 94107. 

B.    Landlord and Tenant desire (i) to expand the Existing Premises to include that certain space consisting of
44,961 rentable square feet of space (which includes 44,261 rentable square feet of office space and 700 rentable square feet of deck space) (the “Expansion Premises”), on the sixth
(6th) floor of the South Tower of the Building and commonly known as Suite 600, as delineated on Exhibit A attached hereto and made a part hereof, and (ii) to make other
modifications to the Lease, and in connection therewith, Landlord and Tenant desire to amend the Lease as hereinafter provided. 
 A
G R E E M E N T : 
 NOW, THEREFORE, in consideration of the foregoing recitals and
the mutual covenants contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 

1.    Capitalized Terms. All capitalized terms when used herein shall have the same meaning as is given such
terms in the Lease unless expressly superseded by the terms of this First Amendment. 
 2.    Modification of
Premises. Commencing on the date (the “Expansion Commencement Date”) that is one hundred fifty (150) days following the date Landlord delivers possession of the Expansion Premises to Tenant, and continuing thereafter
through the Lease Expiration Date, Tenant shall lease from Landlord and Landlord shall lease to Tenant the Expansion Premises. Landlord anticipates delivering possession of the Expansion Premises to Tenant on November 1, 2019 (the
“Expected Delivery Date”), subject to the existing tenant, “Hired”, and the existing subtenant, “Hinge” (as such terms are defined in Section 12 below) thereof timely vacating and
surrendering the Expansion Premises to Landlord; provided, 

 
however, that Landlord shall not deliver the Expansion Premises to Tenant prior to November 1, 2019 without Tenant’s prior written consent.. If Landlord is unable for any reason to
deliver possession of the Expansion Premises to Tenant on any specific date, then Landlord shall not be subject to any liability for its failure to do so, and such failure shall not affect the validity of this First Amendment or the obligations of
Tenant hereunder. Effective upon the Expansion Commencement Date, the Existing Premises shall be increased to include the Expansion Premises. The addition of the Expansion Premises to the Existing Premises shall, effective as of the Expansion
Commencement Date, increase the size of the Premises to approximately 238,257 rentable square feet. The Existing Premises and the Expansion Premises shall, effective as of the Expansion Commencement Date, collectively be referred to as the
“Premises”. The period of time commencing on the Expansion Commencement Date, and terminating on the Lease Expiration Date shall be referred to herein as the “Expansion Term.” For purposes of this First Amendment,
the term “Expansion Term Lease Year” shall mean each consecutive twelve (12) calendar month period during the Expansion Term; provided, however, that the first Expansion Term Lease Year shall commence on the Expansion
Commencement Date and end on the last day of the month in which the first anniversary of the Expansion Commencement Date occurs (or if the Expansion Commencement Date is the first day of a calendar month, then the first Expansion Term Lease Year
shall commence on the Expansion Commencement Date and end on the day immediately preceding the first anniversary of the Expansion Commencement Date), and the second and each succeeding Expansion Term Lease Year shall commence on the first day of the
next calendar month; and further provided that the last Expansion Term Lease Year shall end on the Lease Expiration Date. Notwithstanding anything contained herein to the contrary, if any portion of the Expansion Premises is not delivered to Tenant
on or before the date that is one hundred twenty (120) days following the Expected Delivery Date (such date, the “Outside Expansion Delivery Date”), then Tenant shall be entitled to receive a day-for-day abatement of Base Rent (in addition to any other Base Rent abatement provided in this First Amendment, and such additional
day-for-day abatement of Base Rent shall be applied to the Base Rent first coming due after the expiration of the “Expansion Base Rent Abatement Period,” as
defined in Section 5.2.2 below) otherwise due for the portion of the Expansion Premises not delivered for the number of days that occur in the “Delayed Expansion Delivery Period,” as that term is defined below.
For purposes of this First Amendment, the “Delayed Expansion Delivery Period” shall mean the period commencing on the day that occurs immediately following the Outside Expansion Delivery Date and continuing until the date upon which
the applicable portion of the Expansion Premises is delivered to Tenant. Notwithstanding anything contained herein to the contrary, if any portion of the Expansion Premises is not delivered to Tenant on or before the date that is two hundred seventy
(270) days following the Expected Delivery Date (such date, the “Expansion Termination Outside Date”), then Tenant shall have the right to deliver a written notice to Landlord (the “Expansion Termination
Notice”) electing to terminate this First Amendment in its entirety effective upon the date occurring five (5) business days following receipt by Landlord of the Expansion Termination Notice (the “Effective Expansion
Termination Date”). If Tenant timely delivers such Expansion Termination Notice to Landlord, then Landlord shall have the right to suspend the occurrence of the Effective Expansion Termination Date for a period ending thirty (30) days
after the Expansion Termination Outside Date by delivering written notice to Tenant prior to the Effective Expansion Termination Date stating that, in Landlord’s reasonable, good faith judgment, the applicable portion of the Expansion Premises
will be delivered to Tenant within thirty (30) days after the Expansion 

  
 -2- 

 
Termination Outside Date. If the applicable portion of the Expansion Premises is delivered to Tenant within such thirty (30) day suspension period, then the Expansion Termination Notice
shall be of no force or effect, but if the applicable portion of the Expansion Premises is not delivered to Tenant within such thirty (30) day suspension period, then this First Amendment shall terminate in its entirety and be of no further
force or effect upon the expiration of such thirty (30) day suspension period. In the event that this First Amendment is terminated pursuant to this Section 2, then Landlord shall promptly refund to Tenant any prepaid
Rent paid by Tenant to Landlord for the Expansion Premises and Tenant shall have the right to have the “L-C Amendment,” as defined in Section 11 below, rescinded or
cancelled and Landlord shall promptly cooperate to effectuate such rescission or cancellation (in which event the “Existing L-C” shall remain in full force and effect in the “Existing L-C Amount” (as such terms are defined in Section 11 below). 

3.    Modification of Rooftop Decks. Commencing as of the date Landlord delivers possession of the entire
Expansion Premises to Tenant (the “Expansion Delivery Date”), Tenant shall have an exclusive license commencing on such Expansion Delivery Date and continuing through and including the Lease Expiration Date to use that certain
rooftop deck adjacent to and accessible from the office space portion of the Expansion Premises (the “Suite 600 Deck”) as more particularly shown on Exhibit A attached hereto, subject to the terms and conditions of the
Office Lease. Effective as of the Expansion Delivery Date, the Suite 600 Deck shall be considered part of the “Rooftop Decks” (as defined in Section 1.1.4 of the Office Lease). 

4.    Beneficial Occupancy. Tenant shall have the right to occupy the Expansion Premises for the conduct of
Tenant’s business prior to the Expansion Commencement Date, provided that (i) Tenant shall give Landlord at least five (5) days’ prior notice of any such occupancy of the Expansion Premises, (ii) a certificate of occupancy,
temporary certificate of occupancy, or its legal equivalent shall have been issued by the appropriate governmental authorities for the Expansion Premises, and (iii) all of the terms and conditions of the Lease, as amended, shall apply, other
than Tenant’s obligation to pay Base Rent and Tenant’s Share of Direct Expenses attributable to the Expansion Premises, as though the Expansion Commencement Date had occurred (although the Expansion Commencement Date shall not actually
occur until the occurrence of the same pursuant to the terms of Section 2, above) upon such occupancy of the Expansion Premises by Tenant. Notwithstanding the foregoing, Tenant shall also be obligated to pay for
electricity, janitorial, and other similar expenses associated with Tenant’s early occupancy of the Expansion Premises for the conduct of Tenant’s business. 

5.    Base Rent. 

5.1.    Existing Premises. Notwithstanding anything to the contrary in the Lease, as hereby amended, Tenant
shall continue to be obligated to pay Base Rent for the Existing Premises in accordance with the terms of the Lease. 

  
 -3- 

 5.2.    Expansion Premises. 

5.2.1    In General. Commencing on the Expansion Commencement Date and continuing throughout the Expansion
Term, Tenant shall pay to Landlord monthly installments of Base Rent for the Expansion Premises as follows: 
  

													
	 Expansion Term Lease

Year                
             
	  	Annual Base
Rent**	 	  	Monthly Installment
of Base Rent**	 	  	Annual Rental
Rate per
Rentable Square
Foot**	 
	 Expansion Commencement Date –
	  				  				  			
	 Expansion Lease Year 1*
	  	$	3,911,607.00	* 	  	$	325,967.25	* 	  	$	87.00	 
	 Expansion Lease Year 2
	  	$	4,028,955.21	 	  	$	335,746.27	 	  	$	89.61	*** 
	 Expansion Lease Year 3
	  	$	4,149,823.87	 	  	$	345,818.66	 	  	$	92.30	*** 
	 Expansion Lease Year 4
	  	$	4,274,318.59	 	  	$	356,193.22	 	  	$	95.07	*** 
	 Expansion Lease Year 5
	  	$	4,402,548.15	 	  	$	366,879.01	 	  	$	97.92	*** 
	 Expansion Lease Year 6
	  	$	4,534,624.59	 	  	$	377,885.38	 	  	$	100.86	*** 
	 Expansion Lease Year 7
	  	$	4,670,663.33	 	  	$	389,221.94	 	  	$	103.88	*** 
	 Expansion Lease Year 8
	  	$	4,810,783.23	 	  	$	400,898.60	 	  	$	107.00	*** 
	 Expansion Lease Year 9
	  	$	4,955,106.73	 	  	$	412,925.56	 	  	$	110.21	*** 
	 Expansion Lease Year 10
	  	$	5,103,759.93	 	  	$	425,313.33	 	  	$	113.52	*** 
	 Expansion Lease Year 11
	  	$	5,256,872.73	 	  	$	438,072.73	 	  	$	116.92	*** 
	 Expansion Lease Year 12 – Lease Expiration Date
	  	$	5,414,578.91	 	  	$	451,214.91	 	  	$	120.43	*** 

  

	*	 Subject to the terms set forth in Section 5.2.2 below, the monthly installments of
Base Rent for the Expansion Premises attributable to the initial four (4) months of the Expansion Term shall be abated. 

	**	 The initial Annual Base Rent amount was calculated by multiplying the initial Annual Rental Rate per Rentable
Square Foot amount by the number of rentable square feet of space in the Expansion Premises, and the initial Monthly Installment of Base Rent amount was 

  
 -4- 

	 	
calculated by dividing the initial Annual Base Rent amount by twelve (12). In all subsequent Base Rent payment periods during the Expansion Term commencing on the first (1st) day of Expansion
Lease Year 2, the calculation of each Annual Base Rent amount reflects an annual increase of three percent (3%) and each Monthly Installment of Base Rent amount was calculated by dividing the corresponding Annual Base Rent amount by twelve (12).

	***	 The amounts identified in the column entitled “Annual Rental Rate per Rentable Square Foot” are
rounded amounts and are provided for informational purposes only. 

 Concurrently with Tenant’s execution of this
First Amendment, Tenant shall pay to Landlord the monthly installment of Base Rent payable for the Expansion Premises for the fifth (5th) full month of the Expansion Term. 

5.2.2    Base Rent Abatement. Provided that no event of default beyond any applicable notice and cure
period is occurring during the four (4) month period commencing on the first (1st) day of the first (1st) full calendar month following the Expansion Commencement Date and ending on the last day of the fourth (4th) full calendar month following the Expansion Commencement Date (the “Expansion Base Rent Abatement Period”), Tenant shall not be obligated to pay any Base Rent otherwise
attributable to the Expansion Premises during such Expansion Base Rent Abatement Period (the “Expansion Base Rent Abatement”). Landlord and Tenant acknowledge that the aggregate amount of the Expansion Base Rent Abatement
equals $1,303,869.00 (i.e., $325,967.25 per month). Tenant acknowledges and agrees that during such Expansion Base Rent Abatement Period, such abatement of Base Rent for the Expansion Premises shall have no effect on the calculation of any future
increases in Base Rent or Direct Expenses payable by Tenant pursuant to the terms of the Lease, as amended, which increases shall be calculated without regard to such Expansion Base Rent Abatement. Additionally, Tenant shall be obligated to pay all
Base Rent and Additional Rent for the Existing Premises (subject to the terms of the Lease), and all Additional Rent for the Expansion Premises, during the Expansion Base Rent Abatement Period. Tenant acknowledges and agrees that the foregoing
Expansion Base Rent Abatement has been granted to Tenant as additional consideration for entering into this First Amendment, and for agreeing to pay the Base Rent and perform the terms and conditions otherwise required under the Lease, as amended.
If Tenant shall be in economic or material non-economic default under the Lease, as amended, and shall fail to cure such default within the notice and cure period, if any, permitted for cure pursuant to the
Lease, as amended, or if the Lease, as amended, is terminated for any reason other than Landlord’s breach of the Lease, as amended, casualty or condemnation, then the dollar amount of the unapplied portion of the Expansion Base Rent Abatement
as of the date of such default or termination, as the case may be, shall be converted to a credit to be applied to the Base Rent applicable at the end of the Expansion Term and Tenant shall immediately be obligated to begin paying Base Rent for the
Expansion Premises in full. The foregoing Expansion Base Rent Abatement right set forth in this Section 5.2.2 shall be personal to the Original Tenant or its Permitted Transferee Assignee and shall only apply to the extent
that the Original Tenant or its Permitted Transferee Assignee (and not any other assignee, or any sublessee or other transferee of the Original Tenant’s interest in the Lease, as amended) is the Tenant under the Lease, as amended, during such
Expansion Base Rent Abatement Period. 

  
 -5- 

 6.    Tenant’s Share of Direct Expenses. 

6.1.    Existing Premises. Tenant shall continue to be obligated to pay Tenant’s Share of Direct
Expenses in connection with the Existing Premises in accordance with the terms of the Lease. 
 6.2.    Expansion
Premises. Notwithstanding any contrary provision contained in the Lease, effective as of the Expansion Commencement Date, and continuing throughout the Expansion Term, Tenant shall pay Tenant’s Share of Direct Expenses in connection
with the Expansion Premises which arise or accrue during such period in accordance with the terms of the Lease; provided however, that (i) Tenant’s Share shall equal 5.8024% with respect to the Expansion Premises, and (ii) the Base
Year with respect to the Expansion Premises shall be the calendar year 2020. 
 7.    Condition of
Premises. Except as specifically set forth in Exhibit B attached to this First Amendment (the “Work Letter”), Landlord shall not be obligated to provide or pay for any improvement work or services related to
the improvement of the Expansion Premises, and as of the Expansion Commencement Date, Tenant shall accept the Expansion Premises in its presently existing, “as-is” condition. Tenant also acknowledges
that neither Landlord nor any agent of Landlord has made any representation or warranty regarding the condition of the Premises, the Expansion Premises, the Building, or the Project or with respect to the suitability of the same for the conduct of
Tenant’s business. 
 8.    Deletions. Section 1.3 of the Office Lease and
Exhibit A-1 attached to the Office Lease are hereby deleted in their entirety and of no further force or effect. 

9.    Brokers. Landlord and Tenant hereby warrant to each other that they have had no dealings with any real
estate broker or agent in connection with the negotiation of this First Amendment other than Jones Lang LaSalle and Cushman & Wakefield (collectively, the “Brokers”), and that they know of no other real estate broker or
agent who is entitled to a commission in connection with this First Amendment. Each party agrees to indemnify and defend the other party against and hold the other party harmless from any and all claims, demands, losses, liabilities, lawsuits,
judgments, and costs and expenses (including, without limitation, reasonable attorneys’ fees) with respect to any leasing commission or equivalent compensation alleged to be owing on account of the indemnifying party’s dealings with any
real estate broker or agent, other than the Brokers. The terms of this Section 9 shall survive the expiration or earlier termination of the term of the Lease, as hereby amended. 

10.    Parking. Commencing as of the Expansion Delivery Date and continuing through and including the Lease
Expiration Date, Tenant shall have the right to rent, on a monthly basis, up to twenty-two (22) unreserved parking passes (i.e., 1 unreserved parking pass for every 2,000 rentable square feet of the
Expansion Premises) with respect to the Expansion Premises, subject to and in accordance with the terms and conditions of Article 28 the Office Lease, including, without limitation, that Tenant shall pay the prevailing rate charged from time
to time at the location of such parking passes. The prevailing rate for such parking passes is currently $330.00 per unreserved parking pass per month. 

  
 -6- 

 11.    Letter of Credit. Landlord is currently in
possession of the L-C previously issued by Silicon Valley Bank, No. SVBSF013278 (the “Existing L-C”), in the amount of $17,953,332.00 (the
“Existing L-C Amount”) in connection with the Lease. Notwithstanding any contrary provision of the Lease, the Existing L-C Amount shall be increased by
$2,137,159.00 (the “Expansion L-C Amount”), and the new aggregate L-C Amount under the Lease, as amended, shall equal $20,090,491.00. Tenant shall
deliver to Landlord, concurrently with Tenant’s execution of this First Amendment, a certificate of amendment to the Existing L-C (the “L-C
Amendment”) increasing the amount of the Existing L-C to the new L-C Amount set forth hereinabove (i.e., $20,090,491.00), conforming in all material respects to
the requirements of Article 21 of the Office Lease and in a form reasonably acceptable to Landlord. Further notwithstanding any contrary provision of the Lease, the following provisions shall apply to Article 21 of the Office Lease:

 (i) The amount of “$4,488,333.00” in Section 21.9.1 of the Office Lease is hereby changed to
“$5,022,622.70”; 
 (ii) The L-C Burn Down Amount of “$1,496,111.00” in
Section 21.9.2 of the Office Lease is hereby changed to “$1,674,207.58”; and 
 (iii) Item (c) in
Section 21.9.2 of the Office Lease is hereby deleted and replaced with the following: “(c) Tenant has $100,000,000.00 of unrestricted cash on Tenant’s balance sheet as of the applicable Reduction Date, then the L-C Burn Down Amount for the applicable Reduction Date only shall be increased to $5,022,622.70, provided all subsequent reductions shall be in the amount of $1,674,207.58.” 

12.    Subleases. Notwithstanding any contrary provision in the Lease, Landlord shall have no recapture
right, as set forth in Section 14.4 of the Office Lease, with respect to Tenant’s sublease of all or a portion of either (i) the Expansion Premises, or (ii) the portion of the Existing Premises on the third
(3rd) floor of the South Tower of the Building, for a term no greater than five (5) years from the commencement date thereof, inclusive of any renewal options granted in any such sublease,
provided that such sublease(s) are scheduled to commence within twelve (12) months following the date of Landlord’s delivery of the Expansion Premises to Tenant. Additionally, Landlord hereby consents to a sublease by Tenant to Hired,
Inc., a Delaware corporation (“Hired”) and/or Hinge Health, Inc., a Delaware corporation (“Hinge”), provided that (subject to the first sentence of this Section 12) all of the terms of
Article 14 of the Office Lease shall apply to any such sublease, other than item (iv) of the second sentence of Section 14.1 and Sections 14.2.14.2.3, 14.2.4, and 14.2.7 of the Office Lease. In the event that
Tenant executes a sublease with either Hired and/or Hinge which is scheduled to commence upon or following the date of Landlord’s delivery of the Expansion Premises to Tenant then the following shall apply: (A) Landlord shall have no
obligation to cause Hired or Hinge to vacate and surrender the Expansion Premises prior to Landlord’s delivery thereof to Tenant, (B) Tenant shall accept Landlord’s delivery of the Expansion Premises with Hired and Hinge in occupancy
at that time, and (C) Landlord shall have no liability to Tenant with respect to Hired and Hinge’s continued occupancy of the Expansion Premises. 

13.    Required Improvements and Alterations in the Expansion Premises. Additionally, notwithstanding
anything to the contrary herein or in the Work Letter, in the event 

  
 -7- 

 
Tenant elects to use the Improvement Allowance (as defined in Section 2.1 of the Work Letter) towards Improvements (as defined in Section 2.1
of the Work Letter) for portions of the Premises other than the Expansion Premises, then Tenant shall be required to subsequently perform and complete improvements or Alterations in the Expansion Premises no later than the sixth (6th) anniversary of the Expansion Commencement Date for which Tenant shall be required to spend a minimum of Seventy-Five and 00/100 Dollars ($75.00) per rentable square foot of the Expansion Premises
in the aggregate, taking into account the amounts spent for any initial Improvements to the Expansion Premises which are paid for with the Improvement Allowance. In the event Tenant fails to spend at least Seventy-Five and 00/100 Dollars ($75.00)
per rentable square foot of the Expansion Premises in the aggregate on improvements or Alterations in the Expansion Premises on or prior to the sixth (6th) anniversary of the Expansion
Commencement Date, then Tenant shall immediately pay to Landlord an amount equal to the difference between (i) an amount equal to Seventy-Five and 00/100 Dollars ($75.00) per rentable square foot multiplied by the rentable square feet of the
Expansion Premises and (ii) the amount Tenant actually expended on such improvements or Alterations in the Expansion Premises, together with interest on such amount at a rate equal to eight percent (8%) per annum for the period commencing on
the date that is one (1) year following the date of Landlord’s delivery of the Expansion Premises to Tenant and ending on the date of the sixth (6th) anniversary of the Expansion
Commencement Date. 
 14.    California Required Disclosures. Landlord and Tenant hereby acknowledge that
neither the Premises (including the Expansion Premises) nor the Building have undergone inspection by a Certified Access Specialist (CASp). As required by Section 1938(e) of the California Civil Code, Landlord hereby states as follows: “A
Certified Access Specialist (CASp) can inspect the subject premises and determine whether the subject premises comply with all of the applicable construction-related accessibility standards under state law. Although state law does not require a CASp
inspection of the subject premises, the commercial property owner or lessor may not prohibit the lessee or tenant from obtaining a CASp inspection of the subject premises for the occupancy or potential occupancy of the lessee or tenant, if requested
by the lessee or tenant. The parties shall mutually agree on the arrangements for the time and manner of the CASp inspection, the payment of the fee for the CASp inspection, and the cost of making any repairs necessary to correct violations of
construction-related accessibility standards within the premises.” In furtherance of the foregoing, Landlord and Tenant hereby agree as follows: (a) any CASp inspection requested by Tenant shall be conducted, at Tenant’s sole cost and
expense, by a CASp designated by Landlord, subject to Landlord’s reasonable rules and requirements; (b) Tenant, at its sole cost and expense, shall be responsible for making any improvements or repairs within the Premises (including the
Expansion Premises) to correct violations of construction-related accessibility standards identified by such CASp inspection requested by Tenant; and (c) if such CASp inspection requested by Tenant shall identify any required improvements or
repairs to the Building or Project (outside the Premises, including the Expansion Premises) to correct violations of construction-related accessibility standards identified by such CASp inspection, then as set forth in Article 24 of the
Office Lease, Tenant shall reimburse Landlord upon demand, as Additional Rent, for the cost to Landlord of performing such improvements or repairs, but only to the extent such improvements or repairs are required by Applicable Laws to correct such
violations. 

  
 -8- 

 15.    No Further Modification. Except as set forth in
this First Amendment, all of the terms and provisions of the Lease shall apply with respect to the Expansion Premises and shall remain unmodified and in full force and effect. In the event of any conflict between the terms and conditions of the
Lease and the terms and conditions of this First Amendment, the terms and conditions of this First Amendment shall prevail. 

  
 -9- 

 IN WITNESS WHEREOF, this First Amendment has been executed as of the day and year first
above written. 
  

																	
	“LANDLORD”:	 		 		 		 		 	“TENANT”:
			
	KILROY REALTY 303, LLC,	 		 	DOORDASH, INC.,
	a Delaware limited liability company	 		 	a Delaware corporation
					
	By:	 	KR 303 Second Street Owner, LLC,	 		 	By:	 	 /s/ Sarah Wagener

		 	a Delaware limited liability company	 		 	Name:	 	 Sarah Wagener

		 		 		 	Title:	 	 Chief People Officer

					
		 	Its Sole Member	 		 		 	
		 		 		 		 		 	
		 	By:	 	 303 Second Street Member, LLC,
 a
Delaware limited liability company
	 		 		 	
							
		 		 	Its Manager	 		 		 		 	
							
		 		 	By:	 	Kilroy Realty, L.P.,	 		 		 	
		 		 		 	a Delaware limited partnership	 		 		 	
							
		 		 		 	Its Managing Member	 		 		 	
								
		 		 		 	By:	 	Kilroy Realty Corporation,	 		 		 	
		 		 		 		 	a Maryland corporation	 		 		 	
								
		 		 		 		 	Its General Partner	 		 		 	
									
		 		 		 		 	By:	 	 /s/ Eileen Kong
	 		 		 	
		 		 		 		 	Name:	 	 Eileen Kong
	 		 		 	
		 		 		 		 	Title:	 	 SVP, Asset Management
	 		 		 	
									
		 		 		 		 	By:	 	 /s/ Katie Darling
	 		 		 	
		 		 		 		 	Name:	 	 Katie Darling
	 		 		 	
		 		 		 		 	Title:	 	 Vice President Asset Management
	 		 		 	

  
 -10- 

 EXHIBIT A 

OUTLINE OF EXPANSION PREMISES (INCLUDING THE SUITE 600 DECK) 

Suite South 600 
  

 

  
 EXHIBIT A 

-1- 

 EXHIBIT B 

303 SECOND STREET 

WORK LETTER 
 This Work
Letter shall set forth the terms and conditions relating to the construction of the Premises. This Work Letter is essentially organized chronologically and addresses the issues of the construction of the Premises, in sequence, as such issues will
arise during the actual construction of the Premises. All references in this Work Letter to Articles or Sections of “this First Amendment” shall mean the relevant portions of the First Amendment to Office Lease to which this Work Letter is
attached as Exhibit B and of which this Work Letter forms a part, and all references in this Work Letter to Sections of “this Work Letter” shall mean the relevant portion of Sections 1 through
5 of this Work Letter. 
 SECTION 1 

DELIVERY OF THE EXPANSION PREMISES 

Landlord shall deliver the Expansion Premises and Tenant shall accept the Expansion Premises from Landlord in their presently existing, “as-is” condition as of the date of this First Amendment. From the date the Expansion Premises are delivered to Tenant until the applicable Expansion Commencement Date, Tenant and Tenant’s Agents
shall have rent free access and use thereof to install the Improvements, furniture, fixtures, cabling and equipment. Landlord shall not charge Tenant for any use of the freight elevator(s) during the planning and construction of the
“Improvements” (as that term is defined in Section 2.1 below). 
 SECTION 2 

IMPROVEMENTS 

2.1    Improvement Allowance. Tenant shall be entitled to a one-time
improvement allowance in the amount of $3,372,075.00 (i.e., $75.00 per rentable square foot of the Expansion Premises) (the “Improvement Allowance”) for the costs relating to the design and construction of the improvements,
which are permanently affixed to the Premises (the “Improvements”) (and Tenant acknowledges that $52,500.00 of such Improvement Allowance must be used for improvements to the Rooftop Decks), provided that in the event Tenant wishes
to utilize any portion of the Improvement Allowance for the Existing Premises rather than the Expansion Premises then Tenant shall notify Landlord in writing within thirty (30) days following Tenant’s execution and delivery of this First
Amendment as to which portion(s) of the Premises and/or Rooftop Decks that Tenant elects to use the Improvement Allowance towards. In the event that Tenant elects to use the Improvement Allowance towards Improvements in the Existing Premises, then
Landlord requires that Tenant accommodate a reallocation of any previously determined Schedule of Values under the Work Letter attached to the Office Lease. Notwithstanding the foregoing or any contrary provision of the Lease, as amended, all
Improvements shall be deemed Landlord’s property under the terms of the Lease, as amended. Subject to the “Construction Risk Alternative,” as that term is defined in Section 4.2.1 below,

  
 EXHIBIT B 

-1- 

 
any unused portion of the Improvement Allowance remaining as of the date which is one (1) year from the delivery date of the Expansion Premises shall remain with Landlord and Tenant shall
have no further right thereto. 
 2.2    Disbursement of the Improvement Allowance. 

2.2.1    Improvement Allowance Items. Except as otherwise set forth in this Work Letter, the Improvement Allowance
shall be disbursed by Landlord (each of which disbursements shall be made pursuant to Landlord’s reasonable disbursement process, including, without limitation, Landlord’s receipt of invoices for all costs and fees described herein) only
for the following items and costs (collectively the “Improvement Allowance Items”): 

2.2.1.1     Payment of the fees of the “Architect” and the “Engineers,” as those terms are
defined in Section 3.1 of this Work Letter, and third party project managers, which fees shall, notwithstanding anything to the contrary contained in this Work Letter, not exceed an aggregate amount equal to Six and 00/100
Dollars ($6.00) per rentable square foot of the Expansion Premises, and payment of the fees incurred by, and the cost of documents and materials supplied by, Landlord and Landlord’s consultants in connection with the preparation and review of
the “Construction Drawings,” as that term is defined in Section 3.1 of this Work Letter; 

2.2.1.2     The payment of plan check, permit and license fees relating to construction of the Improvements; 

2.2.1.3     The cost of construction of the Improvements, including, without limitation, testing and inspection
costs, hoisting and trash removal costs, and contractors’ fees and general conditions; 
 2.2.1.4     The
cost of any changes in the Base Building when such changes are required by the Construction Drawings, such cost to include all direct architectural and/or engineering fees and expenses incurred in connection therewith; 

2.2.1.5     The cost of any changes to the Construction Drawings or Improvements required by all applicable building
codes (the “Code”); 
 2.2.1.6     The cost of the “Coordination Fee,” as that term is
defined in Section 4.2.2.1 of this Work Letter; 
 2.2.1.7     Sales and use taxes; and

 2.2.1.8     All other costs to be expended by Landlord in connection with the construction of the Improvements,
but only to the extent such costs have previously and reasonably been approved by Tenant. 
 2.2.2    Disbursement of
Improvement Allowance. Tenant acknowledges that Landlord is a publicly traded real estate investment trust (“REIT”), and due to such REIT status Landlord is required to satisfy certain tax and accounting requirements and related
obligations in connection with the leases at the Building. In order to satisfy such requirements and obligations 

  
 EXHIBIT B 

-2- 

 
in connection with the Lease, as amended, Landlord requires various construction-related deliverables to be timely submitted by Tenant to Landlord (“Tenant Deliverables”) at
designated times prior to, during and immediately following the construction of the Improvements by Tenant, and Tenant hereby agrees to timely comply with all such Tenant Deliverable obligations. The Tenant Deliverables and related delivery
deadlines are set forth in this Work Letter and in Schedule 1 attached to this Work Letter and incorporated herein by this reference. Notwithstanding any contrary provision of this Work Letter or
Schedule 1 attached to this Work Letter, Tenant shall deliver to Landlord all Tenant Deliverables in a timely fashion as soon as each of the Tenant Deliverables are required pursuant to the timing set forth on Schedule 1
attached to this Work Letter. 
 Prior to the commencement of construction of the Improvements, Tenant shall deliver all of the Tenant
Deliverables set forth in Section 1 of Schedule 1 attached to this Work Letter (i.e., the “Prior to Start of Construction” category of Tenant Deliverables) to
Landlord. Certain of the Tenant Deliverables set forth in Section 1 of Schedule 1 attached to this Work Letter are further addressed with more specific provisions in this Work
Letter. 
 Prior to and during the construction of the Improvements, Landlord shall make monthly disbursements of the Improvement Allowance
for Improvement Allowance Items and shall authorize the release of monies as follows. 
 2.2.2.1     Monthly
Disbursements. On or before the twentieth (20th) day of each calendar month, during the construction of the Improvements (or such other date as Landlord may designate), Tenant shall deliver to
Landlord: (i) a request for payment of the “Contractor,” as that term is defined in Section 4.1.1 of this Work Letter, approved by Tenant, in a form to be provided by Landlord, showing the schedule, by trade,
of percentage of completion of the Improvements in the Premises, detailing the portion of the work completed and the portion not completed; (ii) invoices from all of “Tenant’s Agents,” as that term is defined in
Section 4.1.2 of this Work Letter, for labor rendered and materials delivered to the Premises; (iii) to the extent applicable for the work completed, executed mechanic’s lien releases from all of Tenant’s
Agents which shall comply with the appropriate provisions, as reasonably determined by Landlord, of California Civil Code Sections 8132, 8134, 8136 and 8138; and (iv) all other information reasonably requested by Landlord. Tenant’s request
for payment shall be deemed Tenant’s acceptance and approval of the work furnished and/or the materials supplied as set forth in Tenant’s payment request. Thereafter, Landlord shall deliver a check to Tenant made jointly payable to
Contractor and Tenant, or directly to Contractor at Landlord’s sole discretion, in payment of the lesser of: (A) the amounts so requested by Tenant, as set forth in this Section 2.2.2.1, above, less a ten percent
(10%) retention (the aggregate amount of such retentions to be known as the “Final Retention”), and (B) the balance of any remaining available portion of the Improvement Allowance (not including the Final Retention), provided
that Landlord does not dispute any request for payment based on non-compliance of any work with the “Approved Working Drawings,” as that term is defined in Section 3.4
below, or due to any substandard work, or for any other reason. Landlord’s payment of such amounts shall not be deemed Landlord’s approval or acceptance of the work furnished or materials supplied as set forth in Tenant’s payment
request. 

  
 EXHIBIT B 

-3- 

 2.2.2.2    Final Retention. Subject to the provisions of this
Work Letter, a check for the Final Retention payable jointly to Tenant and Contractor, or directly to Contractor at Landlord’s sole discretion, shall be delivered by Landlord to Tenant within thirty (30) days following the completion of
construction of the Improvements, provided that (i) Tenant delivers to Landlord (a) paid invoices for all Improvements and related costs for which the Improvement Allowance is to be dispersed, (b) signed permits for all Improvements
completed within the Premises, (c) properly executed unconditional mechanics lien releases in compliance with both California Civil Code Section 8134 and either Section 8136 or Section 8138 from Tenant’s contractor,
subcontractors and material suppliers and any other party which has lien rights in connection with the construction of the Improvements, (ii) Landlord has determined that no substandard work exists which adversely affects the mechanical,
electrical, plumbing, heating, ventilating and air conditioning, life-safety or other systems of the Building, the curtain wall of the Building, the structure or exterior appearance of the Building, or any other tenant’s use of such other
tenant’s leased premises in the Building, (iii) Architect delivers to Landlord a “Certificate of Substantial Completion”, in a form reasonably acceptable to Landlord, certifying that the construction of the Improvements in the
Premises has been substantially completed, (iv) Tenant delivers to Landlord a “close-out package” in both paper and electronic forms (including, as-built
drawings, and final record CADD files for the associated plans, warranties and guarantees from all contractors, subcontractors and material suppliers, and an independent air balance report); and (v) a certificate of occupancy, a temporary
certificate of occupancy or its equivalent is issued to Tenant for the Premises. 
 2.2.2.3    Other Terms.
Landlord shall only be obligated to make disbursements from the Improvement Allowance to the extent costs are incurred by Tenant for Improvement Allowance Items. All Improvement Allowance Items for which the Improvement Allowance has been made
available shall be deemed Landlord’s property under the terms of the Lease, as amended. 
 2.3    Building
Standards. Landlord has established or may establish specifications for certain Building standard components to be used in the construction of the Improvements in the Premises. The quality of Improvements shall be equal to or of greater quality
than the quality of such Building standards, provided that Landlord may, at Landlord’s option, require the Improvements to comply with certain Building standards. Landlord may make changes to said specifications for Building standards from time
to time. Removal requirements regarding the Improvements are addressed in Article 8 of the Office Lease. 

2.4    Water Sensors. In connection with the construction of the Improvements pursuant to the terms of this Work
Letter, Tenant shall, at Tenant’s sole cost and expense (which may be deducted from the Improvement Allowance in accordance with the provisions of Section 2.2 of this Work Letter), install Water Sensors (as more
particularly contemplated by the terms of Section 29.35 of the Office Lease). The Water Sensors so installed by Tenant shall be subject to the terms and conditions set forth in Section 29.35 of the
Office Lease. 

  
 EXHIBIT B 

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 SECTION 3 

CONSTRUCTION DRAWINGS 

3.1    Selection of Architect/Construction Drawings. Tenant shall retain an architect/space planner reasonably and
mutually agreed upon by Landlord and Tenant (the “Architect”) to prepare the “Construction Drawings,” as that term is defined in this Section 3.1. The Contractor (as that term is defined in
Section 4.1 of this Work Letter) shall provide design-build services from qualified, Landlord-approved mechanical, electrical and plumbing contractors for the preparation of plans and engineering working drawings related to
the Improvements. Landlord hereby approves Gensler as the Architect if Tenant decides to select them. Tenant shall retain the engineering consultants designated by Landlord (the “Engineers”) to prepare all plans and engineering
working drawings relating to the structural, HVAC, lifesafety, and sprinkler work in the Premises, which work is not part of the Base Building, provided that Tenant shall retain the subcontractors designated in Schedule 2 attached
hereto for the fire alarm design and programming work (the “Fire Alarm Subcontractor”) and for building management systems (the “BMS Subcontractor”). Landlord hereby approves Gensler as the Engineer if Tenant
decides to select them. Should Tenant choose to prepare fully engineered drawings in lieu of the design-build approach described above, then Tenant shall retain the Engineers to prepare all plans and engineering working drawings relating to the
mechanical, electrical and plumbing work of the Improvements. The plans and drawings to be prepared by Architect, the design-build contractors (unless Tenant selects the fully engineered drawings approach described above), the Fire Alarm
Subcontractor, the BMS Subcontractor and the Engineers hereunder shall be known collectively as the “Construction Drawings.” Landlord hereby approves Gensler and Revel to be the Architect if Tenant selects them. All Construction
Drawings shall comply with the drawing format and specifications reasonably determined by Landlord, and shall be subject to Landlord’s reasonable approval. Tenant and Architect shall verify, in the field, the dimensions and conditions as shown
on the relevant portions of the Base Building plans, and Tenant and Architect shall be solely responsible for the same, and Landlord shall have no responsibility in connection therewith. Landlord’s review of the Construction Drawings as set
forth in this Section 3, shall be for its sole purpose and shall not imply Landlord’s review of the same, or obligate Landlord to review the same, for quality, design, Code compliance or other like matters.
Accordingly, notwithstanding that any Construction Drawings are reviewed by Landlord or its space planner, architect, engineers and consultants, and notwithstanding any advice or assistance which may be rendered to Tenant by Landlord or
Landlord’s space planner, architect, engineers, and consultants, Landlord shall have no liability whatsoever in connection therewith and shall not be responsible for any omissions or errors contained in the Construction Drawings, and
Tenant’s waiver and indemnity set forth in the Lease, as amended, shall specifically apply to the Construction Drawings. 

3.2    Final Space Plan. Tenant shall supply Landlord with four (4) hard copies signed by Tenant of its final
space plan, along with other renderings or illustrations reasonably required by Landlord, to allow Landlord to understand Tenant’s design intent, for the Premises before any architectural working drawings or engineering drawings have been
commenced, and concurrently with Tenant’s delivery of such hard copies, Tenant shall send to Landlord via electronic mail one (1) .pdf electronic copy of such final space plan. The final space plan (the “Final Space Plan”)
shall include a layout and designation of all offices, rooms and other 

  
 EXHIBIT B 

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partitioning, their intended use, and equipment to be contained therein. Landlord may request clarification or more specific drawings for special use items not included in the Final Space Plan.
Landlord shall advise Tenant within five (5) business days after Landlord’s receipt of the Final Space Plan for the Premises if the same is unsatisfactory or incomplete in any respect. If Tenant is so advised, Tenant shall promptly cause
the Final Space Plan to be revised to correct any deficiencies or other matters Landlord may reasonably require. 

3.3    Final Working Drawings. After the Final Space Plan has been approved by Landlord, Tenant shall supply the
Engineers with a complete listing of standard and non-standard equipment and specifications, including, without limitation, B.T.U. calculations, electrical requirements and special electrical receptacle
requirements for the Premises, to enable the Engineers, the Fire Alarm Subcontractor, the BMS Subcontractor, the design-build contractors (unless Tenant selects the fully engineered drawings approach described above) and the Architect to complete
the “Final Working Drawings” (as that term is defined below) in the manner as set forth below. Upon the approval of the Final Space Plan by Landlord and Tenant, Tenant shall promptly cause the Architect, the Fire Alarm Subcontractor, the
BMS Subcontractor, the design-build contractors (unless Tenant selects the fully engineered drawings approach described above) and the Engineers to complete the architectural and engineering drawings for the Premises, and Architect shall compile a
fully coordinated set of architectural, structural, mechanical, electrical and plumbing working drawings in a form which is complete to allow subcontractors to bid on the work and to obtain all applicable permits (collectively, the “Final
Working Drawings”) and shall submit the same to Landlord for Landlord’s approval. Tenant shall supply Landlord with four (4) hard copies signed by Tenant of the Final Working Drawings, and concurrently with Tenant’s delivery
of such hard copies, Tenant shall send to Landlord via electronic mail one (1) .pdf electronic copy of such Final Working Drawings. Landlord shall advise Tenant within ten (10) days after Landlord’s receipt of the Final Working Drawings
for the Premises if the same is unsatisfactory or incomplete in any respect, in Landlord’s reasonable discretion. If Tenant is so advised, Tenant shall promptly revise the Final Working Drawings in accordance with such review and any
disapproval of Landlord in connection therewith. In addition, if the Final Working Drawings or any amendment thereof or supplement thereto shall require alterations in the Base Building (as contrasted with the Improvements), and if Landlord in its
commercially reasonable discretion agrees to any such alterations, and notifies Tenant of the need and cost for such alterations, then Tenant shall pay the cost of such required changes in advance upon receipt of notice thereof. Tenant shall pay all
actual and reasonable direct architectural and/or engineering fees in connection therewith, which fees made be deducted from the Improvement Allowance. 

3.4    Approved Working Drawings. The Final Working Drawings shall be approved by Landlord (the “Approved
Working Drawings”) prior to the commencement of construction of the Premises by Tenant. After approval by Landlord of the Final Working Drawings, Tenant may submit the same to the appropriate municipal authorities for all applicable
building permits. Tenant hereby agrees that neither Landlord nor Landlord’s consultants shall be responsible for obtaining any building permit or certificate of occupancy for the Premises and that obtaining the same shall be Tenant’s
responsibility; provided, however, that Landlord shall cooperate with Tenant in executing permit applications and performing other ministerial acts reasonably necessary to enable Tenant to obtain any such permit or certificate of occupancy. No
changes, modifications or alterations in the Approved Working Drawings may be made without the prior written consent of Landlord, which consent may not be unreasonably withheld. 

  
 EXHIBIT B 

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 3.5    Electronic Approvals. Notwithstanding any provision to the
contrary contained in the Lease, as amended, or this Work Letter, Landlord may, in Landlord’s sole and absolute discretion, transmit or otherwise deliver any of the approvals required under this Work Letter via electronic mail to Tenant’s
representative identified in Section 5.1 of this Work Letter, or by any of the other means identified in Section 29.18 of the Office Lease. 

3.6    Removal of Improvements Determination. If, in connection with its submittal of plans and specifications for
the Improvements in accordance with Section 3 of this Work Letter, (x) Tenant requests Landlord’s decision with regard to the removal of such Improvements, and (y) Landlord thereafter agrees in
writing to waive any removal requirement with regard to such Improvements (or components thereof), then Tenant shall not be required to so remove such Improvements at the end of the term as otherwise required under
Section 8.5 of the Office Lease; provided further, however, that if Tenant requests such a determination from Landlord and Landlord, within three (3) business days following Landlord’s receipt of such request from
Tenant with respect to Improvements, fails to address the removal requirement with regard to such Improvements, Landlord shall be deemed to have agreed to waive the removal requirement with regard to such Improvements. Notwithstanding anything
contained herein to the contrary, Tenant shall not be required to remove or restore any of the Water Sensors or any of the Improvements that are reasonably deemed to be general office improvements. 

SECTION 4 
 CONSTRUCTION OF THE
IMPROVEMENTS 
 4.1    Tenant’s Selection of Contractors. 

4.1.1    The Contractor. A general contractor shall be retained by Tenant to construct the Improvements. Such
general contractor (“Contractor”) shall be selected by Tenant and reasonably approved by Landlord, and Tenant shall deliver to Landlord notice of its selection of the Contractor upon such selection. Landlord hereby approves Skyline
as the Contractor if Tenant decides to select them. 
 4.1.2    Tenant’s Agents. All subcontractors,
laborers, materialmen, and suppliers used by Tenant (such subcontractors, laborers, materialmen, and suppliers, and the Contractor to be known collectively as “Tenant’s Agents”) must be approved in writing by Landlord, which
approval shall not be unreasonably withheld or delayed. If Landlord does not approve any of Tenant’s proposed subcontractors, laborers, materialmen or suppliers, Tenant shall submit other proposed subcontractors, laborers, materialmen or
suppliers for Landlord’s written approval. All of Tenant’s Agents retained directly by Tenant shall all be union labor in compliance with the then existing master labor agreements. 

4.2    Construction of Improvements by Tenant’s Agents. 

4.2.1    Construction Contract; Cost Budget. Tenant shall engage the Contractor under a Stipulated Sum Agreement (or
Guaranteed Maximum Price Contract) accompanied by 

  
 EXHIBIT B 

-7- 

 
Landlord’s standard General Conditions (collectively, the “Contract”). Prior to the commencement of the construction of the Improvements, and after Tenant has accepted all
bids for the Improvements, Tenant shall provide Landlord with a detailed breakdown, by trade, of the final costs to be incurred or which have been incurred, as set forth more particularly in Sections 2.2.1.1 through 2.2.1.8, above, in
connection with the design and construction of the Improvements to be performed by or at the direction of Tenant or the Contractor, which costs form a basis for the amount of the Contract (the “Final Costs”). Landlord may elect by
written notice to Tenant the Construction Risk Alternative set forth below in order that Landlord may satisfy its REIT related obligations with respect to timely recognizing revenue from the Lease, as amended (as determined by Landlord in its sole
discretion), and in such case the provisions of the applicable Construction Risk Alternative shall automatically apply and be binding upon Tenant. The term “Construction Risk Alternative” means that Tenant shall bifurcate the
Contract into two separate schedules of values, with one schedule of values (the “Landlord Contracted Improvement Allowance Schedule of Values”) including specific identifiable assets / trades equal to the initial Improvement
Allowance, such that a sufficient portion of at least ninety percent (90%) of the initial Improvement Allowance (the “90% Threshold”) shall be incurred by the Expansion Commencement Date, and with the other schedule of values (the
“Tenant Contracted Improvement Work Schedule of Values”) covering the remaining tenant related work to construct the Improvements (the “Bifurcated Schedule of Values Alternative”). Tenant shall deliver both
resulting schedule of values to Landlord within fifteen (15) days following Landlord’s notice to Tenant electing the Bifurcated Schedule of Values Alternative. In the event that Landlord elects the Bifurcated Schedule of Values
Alternative, then notwithstanding any contrary provision of this Work Letter, at least ninety percent (90%) of the Improvement Allowance shall be used for the costs to design and construct the Improvements to be constructed pursuant to the Landlord
Improvement Allowance Schedule of Values (the “Landlord Improvement Allowance Schedule of Values Improvements”). In no event shall Landlord be obligated to make disbursements from the Improvement Allowance for the Improvements to be
constructed pursuant to the Tenant Contracted Improvement Work Schedule of Values (the “Tenant Contracted Work Improvements”) until disbursements have been made from the Improvement Allowance for all of the work to design and
substantially complete the Landlord Improvement Allowance Schedule of Values Improvements. Subject to Section 4.2.5 below, Landlord shall notify Tenant of its election (“Landlord’s Construction Risk
Notice”) of any Construction Risk Alternatives no later than seven (7) business days following Landlord’s receipt of the Schedule of Values and the Construction Schedule. 

4.2.1.1    Subject to the Construction Risk Alternative, in connection with each of Landlord’s monthly disbursements
of the Improvement Allowance, Tenant shall concurrently pay a percentage of each amount disbursed by Landlord to Tenant under this Work Letter or otherwise disbursed under this Work Letter directly to the appropriate person or entity, which
percentage shall be equal to the amount of the Over-Allowance Amount (as defined below) divided by the amount of the Final Costs, and such payment by Tenant shall be a condition to Landlord’s obligation to pay any amounts of the Improvement
Allowance. For purposes hereof, the “Over-Allowance Amount” shall be equal to the difference, if any, between the amount of the Final Costs and the amount of the Improvement Allowance (less any portion thereof already disbursed by
Landlord, or in the process of being disbursed by Landlord, on or before the commencement of construction of the Improvements). In the event that, after the Final Costs have been delivered by Tenant to Landlord, any revisions, changes or
substitutions shall be made 

  
 EXHIBIT B 

-8- 

 
to the Final Working Drawings or the Improvements, or the costs relating to the design and construction of the Improvements shall change, the above amounts shall be adjusted as equitable to
reflect any additional or reduced costs which arise in connection therewith. In the event that Tenant fails to timely pay the Over-Allowance Amount as provided in this Section 4.2.1.1, then Landlord may, at its option,
cause the cessation of work in the Premises until Tenant makes payment of the applicable portion of the Over-Allowance Amount then due (and such failure to pay such payment shall be treated as a Tenant default in accordance with the terms and
conditions of Section 5.4 below). Tenant shall provide Landlord with updated construction schedules and budgets on a regular basis during the course of construction of the Improvements, and in any event within twenty
(20) days after request by Landlord. In connection with any Over-Allowance payments made by Tenant pursuant to this Section 4.2.1.1, Tenant shall provide Landlord with the documents described in Sections
2.2.2.1(i), (ii), (iii) and (iv) of this Work Letter, above, for Landlord’s approval, prior to Tenant paying such costs. 

4.2.2    Tenant’s Agents. 

4.2.2.1    Landlord’s General Conditions for Tenant’s Agents and Improvement Work. Tenant’s and
Tenant’s Agent’s construction of the Improvements shall comply with the following: (i) the Improvements shall be constructed in strict accordance with the Approved Working Drawings; (ii) Tenant’s Agents shall submit
schedules of all work relating to the Improvements to Contractor and Contractor shall, within five (5) business days of receipt thereof, inform Tenant’s Agents of any changes which are necessary thereto, and Tenant’s Agents shall
adhere to such corrected schedule; and (iii) Tenant shall abide by all reasonable rules made by Landlord’s Building manager with respect to the use of freight, loading dock and service elevators, storage of materials, coordination of work
with the contractors of other tenants, and any other matter in connection with this Work Letter, including, without limitation, the construction of the Improvements. Tenant shall pay a logistical coordination fee (the “Coordination
Fee”) to Landlord in an amount equal to the product of (i) one and one-half percent (1.5%), and (ii) the sum of the total “hard costs” of the Improvements (but in no event greater
than $44,961.00 (i.e., $1.00 per rentable square foot of the Expansion Premises)), which Coordination Fee shall be for services relating to the coordination of the construction of the Improvements. 

4.2.2.2    Indemnity. Tenant’s indemnity of Landlord as set forth in the Lease, as amended, shall also apply
with respect to any and all costs, losses, damages, injuries and liabilities related in any way to any act or omission of Tenant or Tenant’s Agents, or anyone directly or indirectly employed by any of them, or in connection with Tenant’s non-payment of any amount arising out of the Improvements and/or Landlord’s disapproval of all or any portion of any request for payment. Such indemnity by Tenant, as set forth in the Lease, as amended, shall
also apply with respect to any and all costs, losses, damages, injuries and liabilities related in any way to Landlord’s performance of any ministerial acts reasonably necessary (i) to permit Tenant to complete the Improvements, and
(ii) to enable Tenant to obtain any building permit or certificate of occupancy for the Premises. 

4.2.2.3    Requirements of Tenant’s Agents. Each of Tenant’s Agents shall guarantee to Tenant and for
the benefit of Landlord that the portion of the Improvements for which it is responsible shall be free from any defects in workmanship and materials for a period 

  
 EXHIBIT B 

-9- 

 
of not less than one (1) year from the date of completion thereof to the extent it is available. Each of Tenant’s Agents shall be responsible for the replacement or repair, without
additional charge, of all work done or furnished in accordance with its contract that shall become defective within one (1) year after the later to occur of (i) completion of the work performed by such contractor or subcontractors and
(ii) the Expansion Commencement Date. The correction of such work shall include, without additional charge, all additional expenses and damages incurred in connection with such removal or replacement of all or any part of the Improvements,
and/or the Building and/or common areas that may be damaged or disturbed thereby. All such warranties or guarantees as to materials or workmanship of or with respect to the Improvements shall be contained in the Contract or subcontract and shall be
written such that such guarantees or warranties shall inure to the benefit of both Landlord and Tenant, as their respective interests may appear, and can be directly enforced by either. Tenant covenants to give to Landlord any non-exclusive assignment or other assurances which may be necessary to effect such right of direct enforcement. 

4.2.2.4    Insurance Requirements. 

4.2.2.4.1 General Coverages. All of Tenant’s Agents shall carry worker’s compensation insurance covering all of their
respective employees, and shall also carry public liability insurance, including property damage, all with limits, in form and with companies as are required to be carried by Tenant as set forth in the Lease, as amended. 

4.2.2.4.2 Special Coverages. Tenant or its Contractor shall carry “Builder’s All Risk” insurance in an amount approved
by Landlord covering the construction of the Improvements, and such other insurance as Landlord may require, it being understood and agreed that the Improvements shall be insured by Tenant pursuant to the Lease, as amended, immediately upon
completion thereof. Such insurance shall be in amounts and shall include such extended coverage endorsements as may be reasonably required by Landlord including, but not limited to, the requirement that all of Tenant’s Agents which are major
subcontractors shall carry excess liability and Products and Completed Operation Coverage insurance, each in amounts not less than $2,000,000 per incident, $2,000,000 in aggregate, and in form and with companies as are required to be carried by
Tenant as set forth in the Lease, as amended. 
 4.2.2.4.3 General Terms. Certificates for all insurance carried pursuant to this
Section 4.2.2.4 shall be delivered to Landlord before the commencement of construction of the Improvements and before the Contractor’s equipment is moved onto the site. All such policies of insurance must contain a
provision that the company writing said policy will give Landlord thirty (30) days prior written notice of any cancellation or lapse of the effective date or any reduction in the amounts of such insurance. In the event that the Improvements are
damaged by any cause during the course of the construction thereof, Tenant shall immediately repair the same at Tenant’s sole cost and expense. Tenant’s Agents shall maintain all of the foregoing insurance coverage in force until the
Improvements are fully completed and accepted by Landlord, except for any Products and Completed Operation Coverage insurance required by Landlord, which is to be maintained for ten (10) years following completion of the work and acceptance by
Landlord and Tenant. All policies carried under this Section 4.2.2.4 shall insure Landlord and Tenant, as their interests may appear, as well as Contractor and Tenant’s Agents. All insurance, except Workers’
Compensation, maintained by Tenant’s Agents shall preclude 

  
 EXHIBIT B 

-10- 

 
subrogation claims by the insurer against anyone insured thereunder. Such insurance shall provide that it is primary insurance as respects the owner and that any other insurance maintained by
owner is excess and noncontributing with the insurance required hereunder. The requirements for the foregoing insurance shall not derogate from the provisions for indemnification of Landlord by Tenant under Section 4.2.2.2
of this Work Letter. 
 4.2.3    Governmental Compliance. The Improvements shall comply in all respects with the
following: (i) the Code and other state, federal, city or quasi-governmental laws, codes, ordinances and regulations, as each may apply according to the rulings of the controlling public official, agent or other person; (ii) applicable
standards of the American Insurance Association (formerly, the National Board of Fire Underwriters) and the National Electrical Code; and (iii) building material manufacturer’s specifications. 

4.2.4    Inspection by Landlord. Landlord shall have the right to inspect the Improvements at all times (and in
connection therewith use commercially reasonable efforts to minimize interference with the construction of the Improvements), provided however, that Landlord’s failure to inspect the Improvements shall in no event constitute a waiver of any of
Landlord’s rights hereunder nor shall Landlord’s inspection of the Improvements constitute Landlord’s approval of the same. Should Landlord disapprove any portion of the Improvements, Landlord shall notify Tenant in writing of such
disapproval and shall specify the items disapproved. Any defects or deviations in, and/or disapproval by Landlord of, the Improvements shall be rectified by Tenant at no expense to Landlord, provided however, that in the event Landlord determines
that a defect or deviation exists or disapproves of any matter in connection with any portion of the Improvements and such defect, deviation or matter might adversely affect the mechanical, electrical, plumbing, heating, ventilating and air
conditioning or life-safety systems of the Building, the structure or exterior appearance of the Building or any other tenant’s use of such other tenant’s leased premises, Landlord may, take such action as Landlord deems necessary, at
Tenant’s expense and without incurring any liability on Landlord’s part, to correct any such defect, deviation and/or matter, including, without limitation, causing the cessation of performance of the construction of the Improvements until
such time as the defect, deviation and/or matter is corrected to Landlord’s satisfaction. 

4.2.5    Meetings. Commencing one (1) month prior to delivery of the Premises, Tenant shall hold bi-monthly meetings at a reasonable time, with the Architect and the Contractor regarding the progress of the preparation of Construction Drawings and the construction of the Improvements, which meetings shall be
held at a location reasonably and mutually agreed upon by Landlord and Tenant, and Landlord and/or its agents shall receive prior notice of, and shall have the right to attend, all such meetings, and, upon Landlord’s request, certain of
Tenant’s Agents shall attend such meetings. In addition, minutes shall be taken at all such meetings, a copy of which minutes shall be promptly delivered to Landlord. One such meeting each month shall include the review of Contractor’s
current request for payment. 
 4.3    Notice of Completion; Copy of Record Set of Plans. Within fifteen
(15) days after completion of construction of the Improvements, Tenant shall cause a Notice of Completion to be recorded in the office of the Recorder of the county in which the Building is located in accordance with Section 8182 of the
Civil Code of the State of California or any successor statute, and shall furnish a copy thereof to Landlord upon such recordation. If Tenant fails to do 

  
 EXHIBIT B 

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so, Landlord may execute and file the same as Tenant’s agent for such purpose, at Tenant’s sole cost and expense. At the conclusion of construction, (i) Tenant shall cause the
Architect and Contractor (A) to update the Approved Working Drawings as necessary to reflect all changes made to the Approved Working Drawings during the course of construction, (B) to certify to the best of their knowledge that the “record-set” of as-built drawings are true and correct, which certification shall survive the expiration or termination of the Lease, as amended, and (C) to
deliver to Landlord two (2) sets of copies of such record set of drawings within ninety (90) days following issuance of a certificate of occupancy for the Premises, and (ii) Tenant shall deliver to Landlord a copy of all warranties,
guaranties, and operating manuals and information relating to the improvements, equipment, and systems in the Premises. 
 SECTION 5 

MISCELLANEOUS 

5.1    Tenant’s Representative. Tenant has designated
                    its sole representative with respect to the matters set forth in this Work Letter (whose
e-mail address for the purposes of this Work Letter is                     who shall have full authority and
responsibility to act on behalf of the Tenant as required in this Work Letter until otherwise notified in writing by Tenant. 

5.2    Landlord’s Representative. Landlord has designated
                    (whose e-mail addresses for the purposes of this Work Letter are
                    as its sole representatives with respect to the matters set forth in this Work Letter, who, until further notice to Tenant, shall
have full authority and responsibility to act on behalf of the Landlord as required in this Work Letter. 

5.3    Time of the Essence in This Work Letter. Unless otherwise indicated, all references herein to a “number
of days” shall mean and refer to calendar days. If any item requiring approval is timely disapproved by Landlord, the procedure for preparation of the document and approval thereof shall be repeated until the document is approved by Landlord,
provided that the time period for such approval shall be reduced by 2 days. 
 5.4    Tenant’s Lease
Default. Notwithstanding any provision to the contrary contained in the Lease, as amended, or this Work Letter, if any default by Tenant under the Lease, as amended, beyond any applicable notice and cure period or this Work Letter (including,
without limitation, any failure by Tenant to fund any portion of the Over-Allowance Amount) occurs at any time on or before the substantial completion of the Improvements, then (i) in addition to all other rights and remedies granted to
Landlord pursuant to the Lease, as amended, Landlord shall have the right to withhold payment of all or any portion of the Improvement Allowance and/or Landlord may, without any liability whatsoever, cause the cessation of construction of the
Improvements (in which case, Tenant shall be responsible for any delay in the substantial completion of the Improvements and any costs occasioned thereby), and (ii) all other obligations of Landlord under the terms of the Lease, as amended, and
this Work Letter shall be forgiven until such time as such default is cured pursuant to the terms of the Lease, as amended. 

  
 EXHIBIT B 

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 SCHEDULE 1 

 

	1.	 Prior to Start of Construction 

 

	 	1.1.	 Approved and permitted Construction Drawings. 

 

	 	1.2.	 Approved subcontractors list. 

 

	 	1.3.	 Copies of all executed Contracts with Contractor. 

 

	 	1.4.	 Construction Schedule. 

 

	 	1.5.	 Copies of Permits for Improvements. 

 

	 	1.6.	 Preliminary Budget and the budget with Final Costs, including a schedule of values for all hard construction
costs. 

  

	2.	 Ongoing During Construction 

 

	 	2.1.	 Budget and Construction Schedule revisions as they occur. 

 

	 	2.2.	 Change orders as they occur. 

 

	 	2.3.	 Construction Drawings revisions as they occur. 

 

	 	2.4.	 Monthly applications of payment with reciprocal releases when received. 

 

	 	2.5.	 Monthly Architect’s field report or equivalent. 

 

	 	2.6.	 Monthly 4-week look ahead schedule. 

 

	 	2.7.	 Weekly meeting minutes. 

 

	 	2.8.	 Permit sign off card when received. 

 

	 	2.9.	 Temporary certificate of occupancy/certificate of occupancy when received. 

 

	3.	 Prior to Release of Any Funds Related to Hard Costs 

 

	 	3.1.	 Final Space Plans approved by both parties. 

 

	 	3.2.	 Construction Drawings approved by both parties. 

 

	 	3.3.	 Project budget 

  

	 	3.4.	 Project schedule. 

  

	 	3.5.	 Pay applications as above. 

 

	4.	 Prior to Release of Final Payment 

 

	 	4.1.	 Signed off inspection card or equivalent temporary certificate of occupancy. 

 

	 	4.2.	 Architect’s Certificate of Substantial Completion. 

 

	 	4.3.	 Final Contractor pay application indicating 100% complete, 90% previously paid. 

 

	 	4.4.	 Physical inspection of the Premises by Landlord inspection team. 

 

	 	4.5.	 Unconditional mechanic’s lien releases. 

 

	 	4.6.	 Final as-builts. 

  

	 	4.7.	 Final subcontractors list. 

 

	 	4.8.	 Warranties and guarantees. 

 

	 	4.9.	 CAD files. 

  

	 	4.10.	 Temporary certificate of occupancy/certificate of occupancy 

  
 SCHEDULE 1 

-1- 

 SCHEDULE 2 

(Required Subcontractor) 
  

	1.	 PAFA (Pacific Auxiliary Fire Alarm Company) – to perform fire alarm design and programming work.

  

	2.	 Syserco – building management systems subcontractor. 

  
 SCHEDULE 2 

-1-Document

Exhibit 10.1

SETTLEMENT AND MUTUAL RELEASE AGREEMENT

This Settlement and Mutual Release Agreement (hereinafter referred to as this “Agreement”) is entered into as of August 11, 2020, by and among PDL BioPharma, Inc. (together with its successors and assigns, hereinafter referred to as “PDL”), Samuel J. Wohlstadter, Nadine H. Wohlstadter, Hyperion Catalysis International, Wellstat Vaccines, LLC, Wellstat ImmunoTherapeutics, LLC, Wellstat BioCatalysis, LLC, Wellstat AVT Investment, LLC, Wellstat Biologics Corporation, Wellstat Management Company, LLC, Wellstat Ophthalmics Corporation, Wellstat Therapeutics Corporation, Wellstat Therapeutics EU Limited, Duck Farm, Inc., Hebron Valley Farms, Inc., HVF, Inc., Hyperion Catalysis EU Limited, NHW, LLC, and SJW Properties, Inc., together with their respective successors and assigns, (hereinafter collectively referred to as the “Wellstat Parties”), and Defined Diagnostics, LLC (f/k/a Wellstat Diagnostics, LLC) (together with its successors and assigns hereinafter referred to as “Diagnostics”).  PDL, Diagnostics, and the Wellstat Parties are referred to as the “Parties.”

RECITALS

A.        On September 4, 2015, PDL commenced an action in the Supreme Court of the State of New York, County of New York entitled PDL BioPharma, Inc. v. Wohlstadter et al., Index No. 653028/2015 concerning a loan dispute (hereinafter referred to as the “September 2015 Action”).1

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1    PDL’s suit named as defendants Wellstat Management LLC, Wellstat Biologics LLC, Wellstat Therapeutics LLC, and Wellstat Ophthalmics LLC.  The correct names of those entities are Wellstat Management Company, LLC, Wellstat Biologics Corporation, Wellstat Therapeutics Corporation and Wellstat Ophthalmics Corporation.

B.        On October 22, 2015, Diagnostics and the Wellstat Parties brought a separate suit in New York Supreme Court, County of New York, entitled Wohlstadter et al. v. PDL BioPharma, Inc., Index No. 653512/2015 concerning the validity of a certain letter dated September 9, 2014 (the “September 9, 2014 Letter,” and the action is hereinafter referred to as the “September 9 Letter Action”).

C.        On September 11, 2019, the New York Supreme Court entered an order in the September 2015 Action and in the September 9 Letter Action granting PDL’s motion for summary judgment (the “Liability Orders”), and referred the calculation of the exact amount owing by the Wellstat Parties to PDL to a special master.

D.        The Wellstat Parties filed notices of appeal from the Liability Orders, which appeals are currently pending.  

E.         The Parties now enter this Agreement to permanently settle, compromise and resolve all claims and or causes of action, known or unknown, including, without limitation all claims and causes of action that were or could have been asserted by any party in the September 2015 Action, the September 9 Letter Action, or in any other litigation, action or proceeding that could have been brought prior to the date of this settlement pertaining in any way whatsoever to the Documents or any of the Parties or the course of dealing between PDL and any of the Wellstat Parties or Diagnostics prior to the date of this Agreement.

F.         PDL’s board of directors approved the terms for PDL’s entry into this Agreement on July 23, 2020.  The governing bodies of each of the Wellstat Companies approved entry into this Agreement on August 11, 2020.  

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In consideration of the mutual covenants, promises and releases herein contained, the Parties hereby agree and promise as follows:
1.Defined Terms.  Capitalized terms used in this Agreement have the meanings set forth on Schedule A attached hereto.

2.Effectiveness.  This Agreement shall be effective on the date that all of the events set forth in subparagraphs (i)-(iv) have occurred (the “Effective Date”), which the Parties shall perform in the following order:
i.this Agreement and the Escrow Agreement are executed and delivered by all of the Parties to one another and delivered to, acknowledged by, and, in the case of the Escrow Agreement, signed by the Escrow Agent; 

ii.PDL and Diagnostics have executed and delivered the Asset Transfer Agreement to each other;

iii.PDL has executed and delivered the PDL Instruments and the Transaction Documents (as defined in the Asset Transfer Agreement) to the Escrow Agent in escrow; and

iv.the Wellstat Parties have deposited or caused to be deposited with the Escrow Agent the Initial Settlement Payment of $7,500,000 by wire transfer of immediately available funds in accordance with the wiring instructions attached hereto as Exhibit B-1 and PDL has received the Initial Settlement Payment from the Escrow Agent by wire transfer of immediately available funds in accordance with the wiring instructions attached hereto as Exhibit B-2.   
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This Agreement may be executed in multiple counterparts, by fax or other electronic means, each of which when executed shall be deemed an original and all of which together shall constitute one and the same instrument.  Should this Agreement not become effective for any reason, no statements made by any of the Parties herein may be introduced or used by any of the Parties in any court proceeding nor shall any statements made by any of the Parties be deemed to be an admission of any liability.

3.Settlement of Disputes Under Documents.  Each of the Parties hereto, individually and in each capacity in which they are party to any Document, hereby agrees that, effective as of the Effective Date, this Agreement shall constitute a settlement of all of the disputes among the Parties under all of the Documents and shall amend, restate, supersede and replace the Documents and the Parties’ continuing obligations thereunder, except to the extent that any obligations under the Documents are contained in or expressly reaffirmed in this Agreement.  Any rights and obligations of any Party under any Document not otherwise contained in or expressly reaffirmed by this Agreement shall be amended and replaced in full by their respective rights and obligations specified under this Agreement and otherwise available under the NYUCC and other Applicable Law, and the amount owing to PDL by the Wellstat Parties under the Documents, which is currently disputed, shall be and is hereby irrevocably settled for all purposes for the sum of the Initial Settlement Payment plus the Total Settlement Amount Balance as set forth herein.  None of the Wellstat Parties shall transfer any assets to Diagnostics other than the Diagnostics Assets and funds reasonably necessary to prosecute, maintain, or license the Diagnostics Assets, such transfers of funds not to exceed $50,000 without prior consent of PDL, which consent shall not be unreasonably withheld, delayed or conditioned until and unless the Total Settlement Amount Balance is paid in full.  For the avoidance of doubt, the limitation on the transfer of funds in the preceding sentence does not include any of the payments contemplated by Section 5.a, 5.b or 5.c.  Notwithstanding anything else contained in this Agreement, each of the Wellstat Parties reaffirms and acknowledges the 
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prior grant and continuing validity of the security interest and lien in its Collateral granted to PDL under the Documents to secure the Obligations, the grant of which is expressly ratified and reaffirmed by this Agreement.  Each Wellstat Party agrees that the Collateral secures all obligations under this Agreement, including the obligation to pay the Total Settlement Amount Balance, which amounts constitute a settlement of the disputes over the obligations due under the Documents.  For the avoidance of doubt, and without limiting the provisions of this Section, this Agreement shall be the “Security Agreement” referred to in each of the Trademark Security Agreements and Patent Security Agreements, and the “Guarantee” referred to in the Deed of Trust. Each Wellstat Party further agrees to waive any defense to the enforcement of the Deed of Trust based on a failure to present the original of any Note delivered to the Escrow Agent in accordance with Section 7 for any reason whatsoever. In the event of any inconsistency or conflict between any provision of this Agreement and any provision of any Document reaffirmed by this Agreement, the provision of this Agreement shall control.  

4.Total Settlement Amount Balance.  Subject to this Agreement becoming effective, the Parties agree that the remaining amount due and owing under the Documents (exclusive of the $7,500,000 Initial Settlement Payment) shall be settled and fixed for all purposes in the amount of: 
a.$60,000,000 (reduced by the Advance $5,000,000 Payment) if the Wellstat Parties make or cause to be made the Advance $5,000,000 Payment by the Diagnostics Payment Date and the Scheduled Final Payment by the Final Payment Date; 
b.$67,500,000 (reduced by the Advance $5,000,000 Payment, if made) if the Wellstat Parties fail to make or cause to be made the Advance $5,000,000 Payment by the Diagnostics Payment Date, but do make or cause to be made the Scheduled Final Payment by the Final Payment Date; or 
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c.$92,500,000 (reduced by the Advance $5,000,000 Payment, if made) if the Wellstat Parties fail to make or cause to be made the Scheduled Final Payment by the Final Payment Date.  

For the avoidance of doubt, but without duplication of any amounts payable hereunder, in the event the Total Settlement Amount Balance is $60,000,000, the Scheduled Final Payment shall be $55,000,000.  In the event the Total Settlement Amount Balance is $67,500,000, the Scheduled Final Payment shall be $67,500,000 (reduced by the Advance $5,000,000 Payment, if made).  If the Wellstat Parties fail to make or cause to be made the Scheduled Final Payment, then the Total Settlement Amount Balance of $92,500,000 (reduced by the Advance $5,000,000 Payment, if made) shall be due and owing to PDL for all purposes. In each case above, the Total Settlement Amount Balance shall be subject only to (i) any offsets and deductions for any payments made in respect of the Total Settlement Amount Balance received by PDL and any other payments received after the Effective Date by PDL from any other source in payment or partial satisfaction of the Obligations (including, without limitation, proceeds from the sale of the BioVeris license referred to in Section 5.g or proceeds of any collection, sale, foreclosure or other realization (net of reasonable and documented costs and expenses in connection therewith, if any) upon any initial disposition of the Collateral under the NYUCC or other Applicable Law, without duplication of such amounts so realized or otherwise received by PDL), which shall, in each case, be applied to reduce the Total Settlement Amount Balance on a dollar-for-dollar basis; and (ii) those defenses, counterclaims or offsets accruing after the Effective Date of this Agreement that could be asserted in an action to vacate a confession of judgment under Maryland law.  For the avoidance of doubt, any payment PDL may receive as compensation for any transfer or sale of its rights under this Agreement shall not reduce the Total Settlement Amount Balance.  

5.Transfer of Diagnostics Assets.  On the date hereof, PDL and Diagnostics shall execute the Asset Transfer Agreement. 
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a.If the Wellstat Parties make or cause to be made payments in an amount in the aggregate of $12,500,000 (inclusive of the $7,500,000 Initial Settlement Payment) to Escrow Agent for the benefit of PDL, by wire transfer of immediately available funds by the Diagnostics Payment Date, then, upon confirmation by the Escrow Agent that it has received payments in an amount in the aggregate (and without duplication) of $12,500,000 made by or on behalf of the Wellstat Parties, Escrow Agent shall release all such funds to PDL immediately by wire transfer and, upon confirmation by Escrow Agent to the Parties that it has received a Federal Reference Number on its wire transfer of such funds to PDL and unless the Parties have jointly notified the Escrow Agent of an Inspection Failure (as defined in the Asset Transfer Agreement), Escrow Agent shall within two calendar days release all Trademark Security Agreement Releases relating solely to Diagnostics and all Patent Security Agreement Releases relating solely to Diagnostics to Diagnostics and the Wellstat Parties, and the closing of the transfer of the Diagnostics Assets to Diagnostics shall occur in accordance with the terms and conditions set forth in the Asset Transfer Agreement, as is where is, without any representation or warranty relating to the Diagnostic Assets, other than as specifically set forth in the Asset Transfer Agreement.    
b.If the Wellstat Parties fail to make or cause to be made payments in an amount in the aggregate of $12,500,000 (inclusive of the $7,500,000 Initial Settlement Payment) to Escrow Agent for the benefit of PDL, by wire transfer of immediately available funds by the Diagnostics Payment Date, but the Wellstat Parties make or cause to be made payments in an amount in the aggregate of $12,500,000 (inclusive of the $7,500,000 Initial Settlement Payment) to Escrow Agent for the benefit of PDL, by 
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wire transfer of immediately available funds by the Diagnostics Outside Payment Date, then, upon confirmation by Escrow Agent that it has received payments in an amount in the aggregate (and without duplication) of $12,500,000 made by or on behalf of the Wellstat Parties, Escrow Agent shall release all such funds to PDL immediately by wire transfer and, upon confirmation by Escrow Agent to the Parties that it has received a Federal Reference Number on its wire transfer of such funds to PDL and unless the Parties have jointly notified the Escrow Agent of an Inspection Failure, Escrow Agent shall within two calendar days release all Trademark Security Agreement Releases relating solely to Diagnostics and all Patent Security Agreement Releases relating solely to Diagnostics to Diagnostics and the Wellstat Parties, and the closing of the transfer of the Diagnostics Assets to Diagnostics shall occur in accordance with the terms and conditions set forth in the Asset Transfer Agreement, as is where is, without any representation or warranty relating to the Diagnostic Assets, other than as specifically set forth in the Asset Transfer Agreement.     
c.If the Wellstat Parties fail to make or cause to be made payments in an amount in the aggregate of $12,500,000 (inclusive of the $7,500,000 Initial Settlement Payment) to Escrow Agent for the benefit of PDL, by wire transfer of immediately available funds by the Diagnostics Payment Date, but the Wellstat Parties make or cause to be made payments in an amount in the aggregate of $75,000,000 (inclusive of the $7,500,000 Initial Settlement Payment) to Escrow Agent for the benefit of PDL, by wire transfer of immediately available funds by the Final Payment Date, then, upon confirmation by the Escrow Agent that it has received, payments in an amount in the aggregate (and without duplication), of 
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$75,000,000 made by or on behalf of the Wellstat Parties, Escrow Agent shall release all such funds to PDL immediately by wire transfer and, upon confirmation by Escrow Agent to the Parties that it has received a Federal Reference Number on its wire transfer of such funds to PDL and unless the Parties have jointly notified the Escrow Agent of an Inspection Failure, Escrow Agent shall within two calendar days release all Trademark Security Agreement Releases relating solely to Diagnostics and all Patent Security Agreement Releases relating solely to Diagnostics to Diagnostics and the Wellstat Parties, and the closing of the transfer of the Diagnostics Assets to Diagnostics shall occur in accordance with the terms and conditions set forth in the Asset Transfer Agreement, as is where is, without any representation or warranty relating to the Diagnostic Assets, other than as specifically set forth in the Asset Transfer Agreement.  
d.If the Parties have jointly notified the Escrow Agent of Inspection Failure, the release by the Escrow Agent of all Trademark Security Agreement Releases relating solely to Diagnostics and all Patent Security Agreement Releases relating solely to Diagnostics to Diagnostics and the Wellstat Parties, and the closing of the transfer of the Diagnostics Assets to Diagnostics, shall occur on the date calculated in accordance with the terms of the Asset Transfer Agreement. 
e.Immediately upon the closing of the transfer of the Diagnostics Assets to Diagnostics in accordance with the terms and conditions set forth in the Asset Transfer Agreement, (i) all liens, pledges, security interests, and other charges of whatever nature granted to or in favor of PDL by Diagnostics in the Diagnostics Assets and by any Grantor against the Diagnostics Pledged Stock shall automatically terminate and be released, discharged and satisfied in full, (ii) Diagnostics and the Wellstat Parties 
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and any of their respective designees shall be, and hereby are, authorized by PDL to file and/or deliver all lien release or reassignment documents or notices as may be necessary to terminate of record all lien recordations previously filed by PDL against Diagnostics and to reflect the removal of the Diagnostics Pledged Stock from the Collateral in connection with the transactions evidenced by this Agreement and/or any of the Documents and (iii) PDL shall be deemed to have automatically authorized the release of all Trademark Security Agreement Releases relating solely to Diagnostics and all Patent Security Agreement Releases relating solely to Diagnostics from escrow, and, to the extent applicable with respect to each such PDL Instrument, such PDL Instruments may at such time be dated the date of such release and filed and recorded by Diagnostics or its designees.  If the Wellstat Parties ask to record any additional releases of liens or security interests held by PDL in the Diagnostics Assets or the Diagnostics Pledged Stock or otherwise solely against Diagnostics, PDL shall promptly take all steps reasonably appropriate to release any such liens solely on the Diagnostics Assets, the Diagnostics Pledged Stock and otherwise against Diagnostics, without prejudice to PDL’s retention of its security interest in the Collateral (other than the Diagnostics Pledged Stock).   
f.From the date of this Agreement until (i) the date the Diagnostics Assets are transferred to Diagnostics in accordance with the Asset Transfer Agreement or (ii) the Wellstat Parties fail to make or cause to be made payment of the Total Settlement Amount Balance by the Final Payment Date, PDL (A) will at its own expense take reasonable steps to protect and maintain as they exist as of the Effective Date the tangible Diagnostics Assets against loss, theft, destruction, breakage or falling into 
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disrepair (normal wear and tear excepted), it being understood and agreed by PDL, the Wellstat Parties and Diagnostics that tangible Diagnostics Assets are held and maintained at third-party facilities pursuant to storage facility agreements and that PDL’s obligations under this Section 5.f.A. as they relate to such tangible assets shall be satisfied (x) if PDL complies with those terms and conditions of such agreements, including the continued payment of such facilities’ fees, which, if breached, would reasonably be expected to have a material adverse effect on any Diagnostics Asset and (y) if, upon notice to PDL of the occurrence of an event (other than a breach of the storage facility agreements) that has resulted in, or which could reasonably be expected to result in, the loss, theft, destruction or breakage of assets, PDL takes all actions reasonably necessary to mitigate any such loss, theft, destruction or breakage; provided that, PDL shall not be obligated to continue mitigation if it has incurred costs in connection therewith in excess of $5,000 if PDL informs Diagnostics of the event and expected cost of mitigation and allows Diagnostics to continue mitigation efforts at Diagnostic’s sole cost and expense, (B) will in the case of intellectual property assets, provide prompt written notice to the Wellstat Parties of any communications it receives relating to required filings, or renewal or maintenance fees to be paid for such assets, (C) will in the case of intellectual property assets, allow the Wellstat Parties to make any filings they deem necessary or appropriate to protect against expiration or abandonment for failure to pay renewal or maintenance fees or to prosecute, at the Wellstat Parties’ sole expense and, in connection with any such filings, PDL will cooperate, to the extent reasonably necessary to permit the Wellstat Parties to make any such filings, (D) will grant authorization to permit Diagnostics one-time access 
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to each storage facility to inspect the Diagnostics Assets in accordance with the terms and conditions of the Asset Transfer Agreement, and (E) PDL will not grant any interest in or license to use any of the Diagnostics Assets to any party prior to the day after the Final Payment Date, other than ATA Permitted Liens (as such term is defined in the Asset Transfer Agreement) and the interest, if any, that PDL may be required to grant to BioVeris under the BioVeris License Agreement if BioVeris exercises its Purchase Right (as such term is defined in the BioVeris License Agreement), provided however that nothing herein shall serve to prevent PDL from transferring its interests under the Agreement.
g.Within five (5) Business Days after the Effective Date of this Agreement, PDL will provide BioVeris the Negotiation Notice (as such term is defined in the BioVeris License Agreement).  Such notice will also request that BioVeris waive its rights set forth in Section 12.2(b) of the BioVeris License Agreement.  PDL shall not be required to pay anything to BioVeris to obtain such waiver.  If PDL fails to obtain such waiver within thirty (30) days following receipt of the Negotiation Notice by BioVeris, and PDL and BioVeris negotiate, but are unable to agree on price and all other relevant transaction terms for BioVeris to acquire the BioVeris license from PDL, PDL shall deliver to BioVeris a Purchase Notice (as such term is defined in the BioVeris License Agreement).  The purchase price for the BioVeris license to be included in the Purchase Notice shall be $1,000,000.  A draft of the Purchase Notice shall be provided to Diagnostics for review prior to delivery to BioVeris. Through and including the Final Payment Date, PDL agrees not to assign, sell, or transfer to BioVeris rights to any Diagnostics Assets, other than as may be required by the BioVeris License Agreement if BioVeris exercises its 
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Purchase Right (as such term is defined in the BioVeris License Agreement).  If BioVeris acquires the BioVeris License Agreement from PDL, then the Total Settlement Amount Balance owed by the Wellstat Parties under this Agreement, shall be reduced by any amount paid by BioVeris to PDL and any such payment shall be applied, without duplication, to partially satisfy the Total Settlement Amount Balance or any judgment obtained based on a confession of judgment pursuant to paragraph 8 of this Agreement.

6.Schedule of Settlement Payments.  
a.If the Wellstat Parties make or cause to be made the Advance $5,000,000 Payment to Escrow Agent by the Diagnostics Payment Date, the Wellstat Parties shall fully satisfy the Total Settlement Amount Balance by making or causing to be made, by wire transfer of immediately available funds to the Escrow Agent by the Final Payment Date, the sum of $55,000,000 (in addition to the Initial Settlement Payment made on the Effective Date and the Advance $5,000,000 Payment) or the Total Settlement Amount Balance as agreed by the Parties, if less.  For purposes of this section, payments received by the Escrow Agent by the Final Payment Date shall be deemed timely made.
b.If the Wellstat Parties do not make or cause to be made the Advance $5,000,000 Payment to Escrow Agent by the Diagnostics Payment Date, the Wellstat Parties shall satisfy the Total Settlement Amount Balance by paying, for the benefit of PDL, by wire transfer of immediately available funds to Escrow Agent, by the Final Payment Date, the sum of $67,500,000 (in addition to the Initial Settlement Payment made on the Effective Date) or the Total Settlement Amount Balance as 
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agreed by the Parties, if less.  For purposes of this section, payments received by the Escrow Agent by the Final Payment Date shall be deemed timely made.
c.In addition to the foregoing, the Wellstat Parties may make or cause to be made any optional payments on the Total Settlement Amount Balance to Escrow Agent at any time, and from time to time, without premium or penalty.  
d.Notwithstanding anything to the contrary contained herein, any payments made or caused to be made by the Wellstat Parties after the Effective Date and received by PDL in respect of the Total Settlement Amount Balance, and any other payments received by PDL from any other source in payment or partial satisfaction of the Obligations (including, without limitation, proceeds from the sale of the BioVeris license referred to in Section 5.g or proceeds of any collection, sale, foreclosure or other realization (net of reasonable and documented costs and expenses in connection therewith, if any) upon any initial disposition of the Collateral under the NYUCC or other Applicable Law, without duplication of such amounts so realized or otherwise received by PDL), shall, in each case, be fully credited by PDL on a dollar-for-dollar basis against the Total Settlement Amount Balance.  For the avoidance of doubt, any payment that may be received by PDL as compensation for the transfer or sale of its rights under this Agreement shall not reduce the Total Settlement Amount Balance.  If the aggregate amount of all payments received after the Effective Date by PDL from or on behalf of the Wellstat Parties in respect of the Total Settlement Amount Balance or otherwise from any other source in payment or partial satisfaction of the Obligations (including, without limitation, proceeds from the sale of the BioVeris license referred 
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to in Section 5.g or proceeds of any collection, sale, foreclosure or other realization (net of reasonable and documented costs and expenses in connection therewith, if any) upon any initial disposition of the Collateral under the NYUCC or other Applicable Law, without duplication of such amounts so realized or otherwise received by PDL), if any, is in excess of the Total Settlement Amount Balance or on any judgment thereon, all such amounts received shall be promptly disbursed by PDL as reasonably directed by the Wellstat Parties.  If at any time after the Effective Date, but prior to the Final Payment Date, PDL receives payments from any source other than the Wellstat Parties in payment or partial satisfaction of the Obligations, PDL shall promptly, and in any event within five (5) Business Days, provide written notice of the receipt of such payment (including the amount thereof) to the Wellstat Parties.

7.Delivery of PDL Instruments to Escrow Agent.  Contemporaneous with the execution of this Agreement, PDL shall execute and deliver the following PDL Instruments and Transaction Documents (as defined in the Asset Transfer Agreement) to be held in escrow until such time as the Wellstat Parties have paid the Total Settlement Amount Balance or have failed to do so according to the terms of this Agreement by the Final Payment Date (or, in the case of any such PDL Instruments relating solely to the Diagnostics Assets, to be held in escrow until such time as specified in Section 6 above): (i) the Lien Release, (ii) the Deed of Trust Release, (iii) the Trademark Security Agreement Releases, (iv) the Patent Security Agreement Releases (including, for the avoidance of doubt, the Patent Security Agreement Release relating to that certain Patent Security Agreement, dated August 15, 2013, executed by Diagnostics in favor of PDL), (v) the Term Note dated as of November 2, 2012 among Wellstat Diagnostics, LLC as borrower and PDL BioPharma, Inc. as lender, (vi) the Term Note dated as of August 15, 2013 among Wellstat Diagnostics, LLC as borrower and PDL BioPharma, Inc. as lender, (vii) 
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the duly executed Limited Power of Attorney, (viii) a duly executed bill of sale and assignment in the form attached to the Asset Transfer Agreement as Exhibit A, (ix) a duly executed intellectual property assignment agreement for Intellectual Property other than Patents in the form attached to the Asset Transfer Agreement as Exhibit B, and (x) a duly executed patent assignment agreement in the form attached to the Asset Transfer Agreement as Exhibit C.  Concurrently with the execution of this Agreement, all Possessory Collateral shall be delivered to the Escrow Agent, who for purposes of perfecting PDL’s security interest in the Possessory Collateral, including for perfection through possession of the Possessory Collateral pursuant to Sections 8-301 and 9-313 of the UCC in the applicable governing state, shall hold possession of the Possessory Collateral for PDL’s benefit as bailee until such time as the Total Settlement Amount Balance is paid in full or the Possessory Collateral is returned to PDL based on the failure of the Wellstat Parties to pay the Total Settlement Amount Balance in full by the Final Payment Date.  For the avoidance of doubt, such Possessory Collateral is held as collateral security for the Obligations, and, notwithstanding any other provision in this Agreement, no Wellstat Party shall have the right to give any instructions (other than instructions delivered jointly with PDL) to the Escrow Agent in respect of such Possessory Collateral, other than to request electronic copies and/or a listing of the Possessory Collateral then held by the Escrow Agent and as otherwise expressly provided in the Escrow Agreement.  For the avoidance of doubt, until and unless sold in accordance with the terms of this Agreement and as subject to the restrictions set forth herein, the Possessory Collateral remains the property of the applicable Wellstat Parties, and the Wellstat Parties shall have the right, from time to time, to vote and give consents with respect to the Possessory Collateral, or any part thereof for purposes not inconsistent with the provisions of this Agreement; provided, however, that subsequent to the occurrence of any failure by the Wellstat Parties to make or cause to be made payment of the Scheduled Final Payment under this Agreement, and upon the election of PDL with written notice to the Wellstat Parties, the right of the Wellstat Parties to vote or otherwise give consents with respect to the Possessory Collateral shall immediately cease.  If, after the Effective Date 
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hereof, a Party identifies an executed Note that was in effect immediately prior to the Effective Date but was not put into Escrow in accordance herewith, PDL shall, within a reasonable time, deliver to the Escrow Agent (i) the original of such executed Note to the Escrow Agent if such Note is in PDL’s possession custody or control, or (ii) if the original of such executed Note was previously delivered to PDL, has not otherwise been returned to the Wellstat Parties, Diagnostics and/or their agents, and cannot be located by PDL after a diligent search, a lost note affidavit in a form reasonably acceptable to the Parties. 
8.Confession of Judgment.  The Wellstat Parties hereby submit and waive all rights to object to personal jurisdiction in the State of Maryland and, upon a failure to timely pay or cause to be paid the Total Settlement Amount Balance to Escrow Agent or to PDL by the Final Payment Date, authorize the Clerk of the Circuit Court for Montgomery County, Maryland, or any attorney authorized to practice in any court of record in the United States and confess judgment in the State of Maryland against the Wellstat Parties, jointly and severally, without prior hearing, in favor of PDL for, and in the amount of $92,500,000 or such lesser amount as may be due and owing under this Agreement.  The authority and power to appear for and enter judgment against the Wellstat Parties shall not be exhausted by one or more exercises thereof or by any imperfect exercise thereof and shall not be extinguished by any judgment entered pursuant thereto.  Such authority may be exercised on one or more occasions or from time to time in the same or different jurisdictions within the State of Maryland, as often as PDL shall deem necessary or advisable, for all of which this Agreement shall be sufficient warrant, until the Total Settlement Amount Balance has been paid in full.  The confession of judgment shall be governed by Rule 2-611 of the Maryland Rules of Civil Procedure and applicable caselaw and the Wellstat Parties reserve and do not waive those defenses, counterclaims or offsets accruing after the Effective Date that could be asserted in any action to vacate a confession of judgment under Maryland law.  Notwithstanding the foregoing, any judgment by confession shall be deemed satisfied when the Wellstat Parties pay all amounts owed under such judgment.  For the avoidance of doubt, but subject to Section 12(b) of this Agreement, this Section shall not be 
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enforceable until and unless the Wellstat Parties have failed to make or cause to be made payment of the Total Settlement Amount Balance to Escrow Agent or to PDL by the Final Payment Date.  
9.Collateral Security. 
a.Until and unless released and terminated pursuant to Section 13 of this Agreement, each of the Wellstat Parties, each as a Grantor, hereby reaffirms that such Wellstat Party has previously granted a security interest to PDL in all of its Collateral and that such security interest secures the prompt and complete payment and performance, when due, of the Total Settlement Amount Balance, which is a compromise of all sums due under the Documents, which have at all times been secured by such security interest and liens, and in furtherance thereof, grants a continuing security interest in all Collateral to PDL to secure the Total Settlement Amount Balance.  
b.Unless and until such time as they are released by PDL in accordance herewith, (i) each Patent Security Agreement, (ii) each Trademark Security Agreement and (iii) the Deed of Trust shall, in each case, continue to secure the Wellstat Parties’ obligation to pay the Total Settlement Amount Balance, and this Agreement reaffirms the validity of such Patent Security Agreements, Trademark Security Agreements, and Deed of Trust and constitutes a compromise and reaffirmation of the debt that has at all relevant times been secured by the Deed of Trust and has been compromised by this Agreement in the amount of the Total Settlement Amount Balance. 
c.From and after the date hereof (unless and until such time as the Wellstat Parties have failed to make or cause to be made payment of the Total Settlement Amount in accordance with the terms of this Agreement), 
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PDL shall not file nor authorize the filing of any additional UCC-1 financing statements or UCC-3 financing statement amendments evidencing such liens without the applicable Wellstat Party’s prior written consent, which consent shall not be unreasonably withheld, delayed or conditioned.  In no event shall PDL exercise or enforce or seek to exercise or enforce any rights or remedies available to a secured party upon default under the NYUCC or any other applicable UCC or other Applicable Law or otherwise available to it as a secured party under any Applicable Law, including, without limitation foreclosing under the Deed of Trust, until at the earliest the day upon which it is entitled to enforce its rights in accordance with Section 12 hereof. 
d.The Wellstat Companies shall not create, incur, assume or suffer to exist any debt, provided, that, notwithstanding the foregoing, each of the following shall be permitted hereunder without the prior written consent of PDL: (i) the Obligations hereunder; (ii) debt that is unsecured or secured by a Permitted Lien; (iii) debt to any other Wellstat Party, provided that all such debt shall be Collateral for the Obligations; (iv) debt arising from the honoring by a bank or other financial institution of a check, draft or similar instrument drawn against insufficient funds in the ordinary course of business; (v) second lien debt; (vi) debt arising with respect to customary indemnification obligations in favor of purchasers in connection with dispositions permitted under this Section; (vii) debt incurred in connection with the financing of insurance premiums in the ordinary course of business; and (viii) debt incurred under any guaranteed loan programs offered through the U.S. Small Business Administration, any other program authorized or created by the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) and/or any subsequent financial 
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assistance legislation approved by the U.S. Congress, so long as such debt does not purport to create any security interest equal to or superior to PDL’s interests in the Collateral.
e.The Wellstat Parties shall not create or permit any lien on the Collateral other than a Permitted Lien.   
f.The Wellstat Companies shall not (i) declare or make any dividend payment or other distribution of assets, properties, cash, rights, obligations or securities on account of any Stock or Stock Equivalent; or (ii) make any payment or prepayment of principal of, premium, if any, interest, fees, redemption, exchange, purchase, retirement, defeasance, sinking fund or similar payment with respect to debt that is subordinated by its terms to the payment of the Obligations, except that (x) any Wellstat Company may declare and pay dividends to, repay intercompany debt owed to, and make internal profit-sharing payments to, any other Wellstat Company and (y) for any period in which any Wellstat Company is a partnership or disregarded entity for U.S. federal income tax purposes, such Wellstat Company may pay dividends or make distributions to its equity holders to whom the income earned by such Wellstat Company and its subsidiaries is allocable for such purposes (either directly or indirectly through intermediary entities, as the case may be) in an aggregate amount not greater than the amount necessary for such equity holders to pay their state and United States federal income tax liabilities.
g.The Wellstat Parties shall not sell, lease, transfer or otherwise dispose of the Collateral or any interest therein without the prior written consent of PDL (which may be given by email), such consent not to be unreasonably withheld, delayed or conditioned; provided, that, notwithstanding the foregoing, each of the following shall be permitted 
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hereunder without the prior written consent of PDL: (i) any transaction for which the consideration to be paid to or for the benefit of the Wellstat Parties is in an amount sufficient for the Wellstat Parties to pay or cause to be paid the Total Settlement Amount Balance and the Wellstat Parties make or cause to be made payment of the Total Settlement Amount Balance to PDL concurrently with the closing of such transaction, (ii) any disposition that would create or permit to exist a Permitted Lien, (iii) abandonment of Intellectual Property that is no longer useful or material to the conduct of the business of the Wellstat Parties in the ordinary course of business, (iv) any agreement in the ordinary course of business with any Person on an arms-length basis for the development, manufacturing, licensing, marketing, importation, offer for sale, sale or use, or commercialization of any of the products covered by the Intellectual Property (and/or any exclusive or non-exclusive licenses or sublicenses with respect to any of the Intellectual Property that relate to such agreement or any similar transaction), so long as such transaction would not reasonably be expected to impair the value of the Collateral and the proceeds of any such agreement constitute Collateral hereunder, (v) sales of inventory to unaffiliated third party purchasers in the ordinary course of business, (vi) sales or dispositions of worn-out or surplus equipment in the ordinary course of business, (vii) dispositions of cash and cash equivalents in the ordinary course of business, (viii) dispositions resulting from any casualty or other insured damage to, or any taking under power of eminent domain or by condemnation or similar proceeding, (ix) any sale or transfer of assets or property from any Wellstat Company and/or Diagnostics to any Wellstat Company, (x) any sale or transfer of assets or property permitted under Section 3 hereof, (xi) any transaction permitted by 
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Section 9 hereof, and (xii) to the extent constituting a sale, lease, transfer or other disposition, any transactions in the ordinary course of business of the Wellstat Companies that are consistent with past practices or reasonably similar, ancillary, incidental, or related to, the businesses conducted by the Wellstat Parties on the date hereof; provided, however, that none of the Wellstat Parties shall (I) directly or indirectly, take any action that would reasonably be expected to materially impair the value of the Collateral (it being understood and agreed that any arms-length third-party sale, transfer or other disposition of any Collateral to a party other than a Wellstat Party, Diagnostics or any Affiliate of a Wellstat Party or Diagnostics permitted under this Section 9 shall be presumed to not significantly impair the value of the Collateral), or (II) sell, transfer, or otherwise dispose of any of its right, title, and interest in and to any Collateral constituting (x) real property or any direct or indirect interest therein, (y) Intellectual Property (other than as provided in Section 3 hereof or in this Section 9), and (z) equity interests issued by another Wellstat Party, in each case, to any Person other than a Wellstat Company, without the prior written consent of PDL (which may be given by email), such consent not to be unreasonably withheld, delayed or conditioned.  Upon any sale, transfer, or other disposition of all right, title and interest in and to any Collateral to any third party that is not prohibited under this Section 9 (but not, for the avoidance of doubt, upon the grant of a lien, license, or other encumbrance), the lien granted pursuant hereto in such Collateral shall be released, and in connection with such release, PDL hereby agrees that it will execute and deliver to the Wellstat Parties such documents and instruments (including, without limitation, UCC-3 amendment statements) as any Wellstat Party shall reasonably request to 
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evidence the release of PDL’s lien in such Collateral.  For the avoidance of doubt, this Section 9 is not intended to prevent the Wellstat Parties from ordinary-course, arm’s length transactions to develop their Intellectual Property rights, products and business, so long as such business is a business engaged in by the Wellstat Parties as of the Effective Date or a business directly related thereto and the proceeds of any such transaction (but not including the proceeds payable to the counterparty(ies) of such transaction, provided that the counterpart(ies) is/are not an affiliate of a Wellstat Party and the Wellstat Parties do not otherwise structure the transaction to evade the intent of this restriction) constitute Collateral hereunder.  
10.Cooperation.  PDL acknowledges that some or all of the Wellstat Parties intend to enter into one or more fundraising transactions to provide proceeds with which to pay all or a portion of the Total Settlement Amount.  Such transactions may include, but are not limited to, the grant of licenses under or further encumbrances of the Collateral.  PDL agrees to take reasonable efforts to comply with reasonable requests of the Wellstat Parties for information concerning the Obligations and/or the Collateral and to negotiate in good faith with any third party seeking to enter into a license or encumbrance the terms of which require PDL’s acknowledgment or consent; provided, that PDL acknowledges and agrees that, in connection with such transactions, the Wellstat Parties may grant liens in their assets that are fully subordinated to the liens in such assets in favor of PDL evidenced by this Agreement.
11.Release of PDL Instruments.  
a.If the Wellstat Parties pay or cause to be paid the Total Settlement Amount Balance to Escrow Agent, for the benefit of PDL by the Final Payment Date then upon confirmation by Escrow Agent to the Parties that it has Completed a Wire Transfer in an amount equal to such Total Settlement Amount Balance to PDL, Escrow Agent shall deliver all PDL 
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Instruments except for the Limited Power of Attorney to the Wellstat Parties.  For the avoidance of doubt, such PDL Instruments shall be released from escrow by Escrow Agent and delivered to the Wellstat Parties in accordance with the foregoing sentence, and shall be effective immediately upon receipt by the Wellstat Parties following Escrow Agent’s confirmation to the Parties that it has Completed a Wire Transfer in an amount equal to such Total Settlement Amount Balance to PDL.  Notwithstanding anything to the contrary contained herein:
i. if in connection with any financing, equity investment, or other transaction that will result in payment in full of the Total Settlement Amount Balance at the closing of such transaction, the Wellstat Parties or any of their lenders or investors (or any agent acting on behalf of such lenders or investors) party to such transaction deem it necessary or appropriate that the payment of the Total Settlement Amount Balance be made directly to PDL at such closing such that the satisfaction of the Total Settlement Amount Balance and the releases of PDL’s liens on the Collateral (including the related release of the PDL Instruments) and of the Wellstat Parties, Diagnostics, and all other Obligors from all of their obligations hereunder and under the Documents occurs substantially simultaneously with the closing of such transaction, PDL agrees that it will take reasonable efforts to cooperate and participate with such closing (including, without limitation, to enter into any reasonable amendments hereto or any payoff letters as may be required in connection therewith) in order to effect such closing. 
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ii.if, in accordance with the terms of the Escrow Agreement, the Wellstat Parties request an In-Person Closing (as such term is defined therein), the payment of the Total Settlement Amount Balance may be made directly to PDL at such closing through a cashier’s check drawn on a bank reasonably acceptable to both PDL and the Wellstat Parties and immediately after the Wellstat Parties hand such check in the amount of the Total Settlement Amount Balance to PDL, the Escrow Agent shall hand to the Wellstat Parties the originals of the PDL Instruments (including the Limited Power of Attorney) and Possessory Collateral. 
b.Notwithstanding anything else contained in the Agreement, if the Wellstat Parties fail to pay or cause to be paid the Total Settlement Amount Balance to Escrow Agent, for the benefit of PDL, or fail to pay or cause to be paid the Total Settlement Amount Balance directly to PDL, by the Final Payment Date, then Escrow Agent shall as soon as possible, but not later than two calendar days after the Final Payment Date deliver the PDL Instruments to PDL.
12.Enforcement of Remedies.  
a.         If the Wellstat Parties do not pay or cause to be paid the Total Settlement Amount Balance to Escrow Agent, for the benefit of PDL, or to PDL by the Final Payment Date, PDL shall have the immediate right to enforce all remedies available with respect to all of its Collateral, including without limitation, the Deed of Trust, and to confess judgment pursuant to paragraph 8 of this Agreement, and to do so in such order and at such times as PDL elects in its sole and absolute discretion, subject to Applicable Law; provided, however, that for the avoidance of doubt, upon PDL’s receipt of amounts in the aggregate that are at least equal to the 
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Total Settlement Amount Balance, including legal interest on any judgment thereon, PDL shall not enforce any additional rights or remedies available with respect to the Collateral or seek to enforce any judgment, so long as no legal challenges to PDL’s receipt of such funds have been asserted by or on behalf of Diagnostics, the Wellstat Parties, their Affiliates or any third party.  The Wellstat Parties expressly waive any right that can be waived under Applicable Law to object to the sequence of enforcement elected by PDL.  Upon entry of judgment, PDL may enforce it at any time, subject only to any offsets and deductions for any amounts paid or caused to be paid by the Wellstat Parties to PDL pursuant to the terms of this Agreement to the extent such payments are not already reflected in the amount of the judgment.  For avoidance of any doubt, if, for example, the Wellstat Parties make or cause to be made the Initial Settlement Payment of $7,500,000 and the Advance $5,000,000 Payment, but make no further settlement payments, then in any action to enforce a judgment, the unpaid balance that would need to be paid to satisfy the judgment would be $87,500,000, plus any legal interest thereon.
b.         For the avoidance of doubt, but subject to the following sentence, this Section shall not be enforceable until and unless the Wellstat Parties have failed to make or cause to be made payment of the Total Settlement Amount Balance to Escrow Agent or to PDL by the Final Payment Date.  If, by the Final Payment Date, (i) the Wellstat Parties release a wire, or cause a wire to be released, in an amount equal to the Total Settlement Amount Balance to the account specified in Exhibit B-2 or to the Escrow Agent for further payment into such account (the “Final Payment Wire”), (ii) the Wellstat Parties provide a Federal Reference Number for such release to PDL and take no action to impede the funds being credited to 
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such account and (iii) PDL alleges that the funds were not credited to such account, PDL shall provide certified copies of bank records demonstrating as such to the Wellstat Parties and shall cooperate with the Wellstat Parties to determine the disposition of the funds.  If thirty-five (35) days have passed after the later of (x) the Final Payment Date and (y) the date PDL provides the certified copies of its bank records to the Wellstat Parties and, subject to compliance with the preceding sentence, the funds have still not been credited to the account specified in Exhibit B-2, or such other account as designated by PDL in accordance with the terms of this Agreement and the terms of the Escrow Agreement through no fault of PDL, this Section shall thereafter be enforceable for the Total Settlement Amount Balance that was due by the Wellstat Parties as of the date of the Final Payment Wire.  For the avoidance of doubt, if payment of the Total Settlement Amount Balance is made directly to PDL at an In-Person Closing occurring on or prior to the Final Payment Date in accordance with Section 11(a)(ii), the procedures set forth in the preceding two sentences shall not apply and the payment of the Total Settlement Amount Balance shall be deemed made or caused to be made by the Wellstat Parties and received by PDL by the Final Payment Date. 

13.PDL’s Release of Liens on the Wellstat Parties’ property and other obligations of the Wellstat Parties.  If, by the Final Payment Date, the Wellstat Parties release a wire, or cause a wire to be released, in an amount equal to the Total Settlement Amount Balance to the account specified in Exhibit B-2 or to the Escrow Agent for further payment into such account:

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a.(x) in the case of release by the Wellstat Parties to the Escrow Agent, immediately upon Escrow Agent’s confirmation to the Parties that it has Completed a Wire Transfer in an amount equal to such Total Settlement Amount Balance to PDL’s account set forth on Exhibit B-2, or such other account as designated by PDL in accordance with the terms of this Agreement and the terms of the Escrow Agreement and (y) in the case of release by the Wellstat Parties to the account specified in Exhibit B-2 or such other account as designated by PDL in accordance with the terms of this Agreement, upon joint written instructions by PDL and the Wellstat Parties,  Escrow Agent shall simultaneously transmit electronic copies of the PDL Instruments (except the Limited Power of Attorney) and Possessory Collateral to the Wellstat Parties and promptly deliver the originals to the Wellstat Parties by express overnight delivery or such other method as the Wellstat Parties may designate: 
i.Upon the Wellstat Parties’ receipt of such PDL Instruments, all liens, pledges, security interests, encumbrances, mortgages and other charges of whatever nature granted to or in favor of PDL against the Collateral and/or any other assets of any Wellstat Parties, Diagnostics, and any other Obligors, shall automatically terminate and be released, discharged and satisfied in full; 
ii.Upon the Wellstat Parties’ receipt of the Lien Release, the Wellstat Parties and any of their respective designees shall automatically be authorized to file and/or deliver financing statement terminations under the UCC and all other lien release or reassignment documents or notices as may be necessary or advisable to terminate of record all financing statements under the 
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UCC and other lien recordations previously filed by PDL against any of the Wellstat Parties, Diagnostics, and/or any other Obligor in connection with the transactions evidenced by this Agreement and/or any of the Documents.  Upon Escrow Agent’s confirmation to the Parties that it has Completed a Wire Transfer in an amount equal to such Total Settlement Amount Balance to PDL, PDL shall be deemed to have automatically authorized the release of the PDL Instruments from escrow to the Wellstat Parties, and, to the extent applicable with respect to each such PDL Instrument, such PDL Instruments (and any documents contemplated thereby, including financing statement terminations) may at such time be dated the date of such release and filed and recorded by the Wellstat Parties and Diagnostics, or their respective designees as contemplated hereby; and
iii.PDL shall, at the Wellstat Parties’ cost and expense, following any Wellstat Party’s reasonable request, promptly take all other steps reasonably necessary to procure, execute and deliver any other appropriate documentation in form and substance reasonably satisfactory to the Wellstat Parties to terminate, release, or release of record all liens and security interests in the assets of each of the Wellstat Parties and Diagnostics granted in favor of PDL in connection with the transactions evidenced by this Agreement and/or any of the Documents.  PDL shall, at the Wellstat Parties’ cost and expense, following any Wellstat Party’s reasonable request, promptly execute such other documents and take such other actions reasonably requested by the Wellstat Parties, or their respective designees, to effect, confirm, or 
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evidence the above-described termination of the liens and security interests of PDL in the assets of the Wellstat Parties and Diagnostics and other releases and discharges contemplated hereby; and
b.immediately upon the account set forth on Exhibit B-2 or such other account as designated by PDL in accordance with the terms of this Agreement receiving such funds (i) all indebtedness, liabilities and obligations (including, for the avoidance of doubt, any contingent obligations) of Diagnostics and the Wellstat Parties hereunder and under any other Document shall be deemed automatically discharged, terminated, paid and satisfied in full and the Wellstat Parties, Diagnostics, and all other Obligors shall be automatically released and discharged from all such indebtedness, liabilities and obligations and (ii) the Escrow Agent shall transmit an electronic copy of the Limited Power of Attorney to the Wellstat Parties and promptly deliver the original to the Wellstat Parties by express overnight delivery or such other method as the Wellstat Parties may designate.  Upon such account receiving such funds, PDL shall provide immediate written confirmation of such to the Wellstat Parties and the Escrow Agent.

Notwithstanding the foregoing, if payment is made directly to PDL at an In-Person Closing in accordance with Section 11(a)(ii), the consequences of payment set forth in this Section 13, shall occur immediately upon the Wellstat Parties handing to PDL a cashier’s check drawn on a bank reasonably acceptable to both PDL and the Wellstat Parties in the amount of the Total Settlement Amount Balance.
14.Withdrawal of Appeal and Discontinuance of the September 2015 and September 9 Letter Actions.  Promptly upon this Agreement becoming effective, the Wellstat 
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Parties shall cause their attorneys to withdraw their appeal in the Supreme Court of the State of New York, Appellate Division, First Department, of the motion court’s September 11, 2019 order in the September 2015 Action and the September 12, 2019 order in the September 9 Letter Action and the Parties shall cause their respective attorneys to take such other actions as may be necessary in order to discontinue the September 2015 Action and the September 9 Letter Action with prejudice.  

15.Release by PDL.  Except for the Wellstat Parties’ obligations under this Agreement, including the obligation to pay the Total Settlement Amount Balance and the continuing security interests in the Collateral described in this Agreement, which are reaffirmed and ratified by this Agreement and shall secure the Total Settlement Amount Balance, which is a settlement and compromise of the balance due under the Documents, PDL, for itself and on behalf of any and all: 
a.persons or entities which control, are controlled by or are under common control with PDL, 
b.present or former officers, directors, partners, members, shareholders, direct and indirect owners, affiliates, principals (disclosed or undisclosed), agents, representatives, employees, administrators and legal representatives of PDL and/or any of the persons or entities referred to in clause (a) above, and 
c.successors or assigns of PDL and/or any of the foregoing persons or entities (PDL, together with the persons and entities referred to in clauses (a) through (c), shall be collectively referred to herein as the “PDL Releasors”) 

do hereby irrevocably and unconditionally release and forever discharge:
i.Diagnostics and the Wellstat Parties, 
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ii.any and all persons and entities which control, are controlled by or are under common control with the Wellstat Parties or Diagnostics, 
iii. any and all present or former officers, directors, partners, members, shareholders, direct and indirect owners, affiliates, principals (disclosed or undisclosed), agents, representatives, employees, administrators and legal representatives of the Wellstat Parties or Diagnostics or any of the persons or entities referred to in clause (ii) above and
iv. any and all successors or assigns of the Wellstat Parties or Diagnostics and/or any of persons or entities referred to in clauses (ii) or (iii) above (the persons and entities referred to in clauses (i) through (iv) shall be collectively referred to herein as the “Wellstat Releasees”) 

from any and all claims, accounts, actions, agreements, bonds, bills, causes of action, charges, controversies, complaints, contracts, covenants, damages, demands, dues, guaranties, judgments, liabilities, obligations, promises, specialties, sums of money or suits of any kind or nature whatsoever, whether in law, admiralty, equity, contract or otherwise based on any matter whatsoever, and whether known or unknown or foreseen or unforeseen or suspected or unsuspected, which the PDL Releasors may have had, now have, or may ever have against the Wellstat Releasees, singly or in any combination, on account of, arising out of, or in connection with any thing, cause, matter, transaction, act or omission of any nature whatsoever occurring before the Effective Date of this Agreement.  For the avoidance of doubt, notwithstanding any waiver of rights contained herein, neither this section, nor any other provision of this Agreement shall be construed to waive or release any claims that the PDL Releasors otherwise may possess 
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against any third party or the Wellstat Releasees accruing after the Effective Date of this Agreement.  
16.Release by the Wellstat Parties and Diagnostics.  Except for PDL’s obligations under this Agreement, including the obligation to accept the Total Settlement Amount Balance in full satisfaction of the larger balances that PDL contends are owed under the Loan Documents, the Wellstat Parties and Diagnostics, for themselves and on behalf of any and all:
a.persons or entities which control, are controlled by or are under common control with the Wellstat Parties and Diagnostics,
b.present or former officers, directors, partners, members, shareholders, direct and indirect owners, affiliates, principals (disclosed or undisclosed), agents, representatives, employees, administrators and legal representatives of the Wellstat Parties and Diagnostics and/or any of the persons or entities referred to in clause (a) above, and 
c.successors or assigns of the Wellstat Parties or Diagnostics and/or any of the foregoing persons or entities (the Wellstat Parties and Diagnostics, together with the persons and entities referred to in clauses (a) through (c), shall be collectively referred to herein as the “Wellstat Releasors”) 

do hereby irrevocably and unconditionally release and forever discharge:
i.PDL,
ii.any and all persons and entities which control, are controlled by or are under common control with PDL, 
iii.any and all present or former officers, directors, partners, members, shareholders, direct and indirect owners, affiliates, principals (disclosed or undisclosed), agents, representatives, 
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employees, administrators and legal representatives of PDL or any of the persons or entities referred to in clause (ii) above and 
iv.any and all successors or assigns of PDL and/or any of persons or entities referred to in clauses (ii) or (iii) above (the persons and entities referred to in clauses (i) through (iv) shall be collectively referred to herein as the “PDL Releasees”) 

from any and all claims, accounts, actions, agreements, bonds, bills, causes of action, charges, controversies, complaints, contracts, covenants, damages, demands, dues, guaranties, judgments, liabilities, obligations, promises, specialties, sums of money or suits of any kind or nature whatsoever, whether in law, admiralty, equity, contract or otherwise based on any matter whatsoever, and whether known or unknown or foreseen or unforeseen or suspected or unsuspected, which the Wellstat Releasors may have had, now have, or may ever have against the PDL Releasees, singly or in any combination, on account of, arising out of, or is in connection with any thing, cause, matter, transaction, act or omission of any nature whatsoever occurring before the Effective Date of this Agreement.  For the avoidance of doubt, notwithstanding any waiver of rights contained herein, neither this release, nor any other provision of this Agreement shall be construed to waive or release any claims that the Wellstat Releasors otherwise may possess against any third party or the PDL Releasees accruing after the Effective Date of this Agreement. 
17.Settlement of Disputed Claims.  This Agreement is a final settlement of disputed contentions by the Parties.  Neither this Agreement, nor any of the terms contained herein, nor any payment made pursuant to such terms, shall be construed as or deemed to be evidence of any admission of the truth of the specific allegations concerning the September 2015 Action or the September 9 Letter Action or the merits of the Parties’ defenses to such allegations, but this Agreement shall constitute a final irrevocable agreement that, as of the Effective Date, the Wellstat Parties presently shall and do owe the Total Settlement Amount Balance, without 
34

any defense, counterclaim or offset, other than as expressly provided herein.  Any payments made or caused to be made by the Wellstat Parties in respect of the Total Settlement Amount Balance received by PDL and any other payments received after the Effective Date by PDL from any other source in payment or partial satisfaction of the Obligations (including, without limitation, proceeds from the sale of the BioVeris license referred to in Section 5.g or proceeds of any collection, sale, foreclosure or other realization (net of reasonable and documented costs and expenses in connection therewith, if any) upon any initial disposition of the Collateral under the NYUCC or other Applicable Law, without duplication of such amounts so realized or otherwise received by PDL), shall, in each case, be applied to reduce the Total Settlement Amount Balance on a dollar-for-dollar basis.  For the avoidance of doubt, any payment that may be received by PDL as compensation for the transfer or sale of its rights under this Agreement shall not reduce the Total Settlement Amount Balance.  Nothing herein shall be construed to waive or release any defenses, claims, or offsets that any Party otherwise may possess against any third party or any other Party accruing after the Effective Date of this Agreement, which are expressly reserved.
18.Advice of Counsel.  Each of the Parties has received advice of counsel of its own choosing in negotiation for and preparation of this Agreement.  Each of the Parties has participated in the drafting of this Agreement.  Therefore, any law, legal decision or rule of construction of contracts resolving ambiguities against the drafting party shall be inapplicable to the Agreement. 
19.Acknowledgement.  It is understood and agreed that the facts upon which this Agreement are based may hereafter turn out to be other or different than the facts now known by any of the Parties, or believed by any of them to be true.  Each of the Parties expressly accepts and assumes the risk of the facts turning out to be different, and agrees that the present Agreement shall be in all respects effective and not subject to termination, rescission, or modification by reason of any such change in, or understanding of, the facts.
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20.Representations.  Each of the Parties represents and warrants to the other Parties as of the date hereof that (i) in the case of a Party that is not a natural person, the board of directors, managers or other similar governing body of such Party has approved this Agreement and the transactions contemplated hereby and such Party has the corporate or other organizational power and authority to execute, deliver and perform its obligations under this Agreement and to effect the transactions contemplated hereby (including, for the avoidance of doubt to amend the Documents as set forth herein), (ii) the execution, delivery and performance of this Agreement have been duly authorized by it, (iii) this Agreement constitutes its respective valid and binding obligation, enforceable in accordance with its terms (subject to the effects of bankruptcy and insolvency laws and principles of equity), and (iv) all consents, authorizations and approvals required for the execution and delivery by it of this Agreement, and the performance by it of its obligations hereunder have been obtained and remain in full force and effect.
a.PDL represents and warrants to Diagnostics and the Wellstat Parties that, as of the date hereof, (i) it remains the Agent and the sole Lender (as such terms are defined in the Prior Loan Agreement) under the Documents, (ii) it has not disposed of, assigned, transferred to any third party, or suffered, allowed, or permitted any lien to exist on, the Documents or any of the obligations contained therein and (iii) it has not disposed of, assigned, or transferred to any third party any of its interests, rights, and remedies under the Documents or otherwise with respect to any of the obligations contained therein.
b.      PDL represents and warrants to Diagnostics and the Wellstat Parties that, as of the date hereof and through the Closing Date of the Asset Transfer Agreement, it has not assigned, encumbered (other than encumbrances which are ATA Permitted Liens, as such term is defined in the Asset Transfer Agreement), or transferred to any third party any 
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interests in the Diagnostics Assets acquired through the May 24, 2017, receivership sale.

21.No other Representations or Warranties.  This Agreement constitutes the entire settlement agreement of the Parties hereto resolving the disputes over their rights and obligations under the Documents and supersedes any other agreements, representations or warranties, whether oral or written, between or among the Parties, including with respect to the balance due and owing by the Wellstat Parties under the Documents.  It incorporates by reference, reaffirms and ratifies the grants of security interests in the Collateral to secure the Obligations (as amended and restated hereby) pursuant to the Documents as amended hereby, including the Deed of Trust, but no other rights or obligations of any of the Parties not expressly set forth or incorporated herein.  Other than representations and warranties specifically expressed in this Agreement, no representation or warranty has been made by any of the Parties and each Party specifically disclaims any reliance on any representation or warranty other than what is set forth in this Agreement in executing this Agreement.  To the extent that there is any conflict between the provisions of this Agreement and the provisions of any other agreement, including the Escrow Agreement or the Documents, the provisions of this Agreement shall govern.
22.Mutual Non-Disparagement.  The Parties agree not to intentionally make, or intentionally cause any other Person to make, any public statement that is intended to criticize or disparage any of the other Parties, any of their affiliates, or any of their respective officers, managers or directors.  The restrictions in this Section 22 do not apply to statements made in response to a subpoena, an inquiry by a government or government agency, to any statement in a court proceeding or filing, or to any statement otherwise required to be made by law.  
23.Further Acknowledgement.  The Parties acknowledge that this Agreement is intended to settle disputed allegations that were asserted in the September 2015 Action and the September 9 Letter Action, the merits of which will not be finally determined in 
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the courts.  PDL hereby withdraws its allegations that Wellstat Diagnostics and its officers utilized funds in a manner that amounted to a breach of the Documents or that was otherwise improper.  The Wellstat Parties and Diagnostics hereby withdraw their allegations that PDL improperly interfered in the operations or management of Diagnostics or any other Wellstat Company. 
24.Governing Law/Jurisdiction.  This Agreement shall be governed by and construed in accordance with the laws of the State of New York and the laws of the United States where applicable, except as to the paragraph 8 of this Agreement, which paragraph shall be governed by and construed in accordance with the laws of the State of Maryland and the laws of the United States where applicable.  Any dispute or claim arising out of or relating to this Agreement shall be brought in the Supreme Court of the State of New York, County of New York and the Parties hereby submit to the personal jurisdiction of that court with respect to any such dispute or claim.  Notwithstanding the forgoing, any action to confess judgment pursuant to paragraph 8 of this Agreement shall be brought in the Courts of the State of Maryland, and the Parties hereby submit to the personal jurisdiction of that court with respect to any such dispute or claim.  
25.Modification.  No modification, alteration, change or amendment of the terms of this Agreement, including the Exhibits hereto, shall be binding upon the Parties hereto unless reduced to writing and duly executed by each of them.  If PDL desires to designate an account other than the account as set forth on Exhibit B-2 as its account to receive the wires set forth herein, it shall notify the Wellstat Parties in writing at least five (5) Business Days prior to any scheduled payment hereunder and the parties shall promptly execute an amendment to this Agreement and to affect this change and deliver a joint instruction to the Escrow Agent notifying it of such change. 
26.Counterparts.  This Agreement may be executed in one or more counterparts which, when taken together, shall be the same as if a single document shall have been executed on the day and year first written.
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27.Further Assurances.  The Parties agree to cooperate in all reasonable respects and to execute and deliver any and all supplementary documents, and to take all additional actions that may be reasonably necessary or appropriate to give full force and effect to the terms of this Agreement, the PDL Instruments and any other lien releases provided for or contemplated hereby.
28.Confidentiality.  Each Party hereto shall keep confidential and not divulge to any person, without the prior written consent of PDL in the case of the Wellstat Parties and Diagnostics and of Wellstat Management Company, LLC in the case of PDL, the Total Settlement Amount Balance, any other term or provision of this Agreement or the agreements contemplated hereby (other than the PDL Instruments upon release thereof in accordance with the terms of this Agreement, but including, for the avoidance of doubt, the Asset Transfer Agreement) or a copy of all or any portion of this Agreement or any agreement contemplated hereby (other than the PDL Instruments upon release thereof in accordance with the terms of this Agreement, but including, for the avoidance of doubt, the Asset Transfer Agreement), except: (a) in connection with a proceeding to enforce such Party’s rights under this Agreement, (b) to such Party’s Affiliates, participants, agents, attorneys, accountants and consultants, to the extent necessary to enable such persons to perform their respective responsibilities and services concerning, for example, financial reporting and the preparation and filing of income tax returns (and each Party shall insure that each of such Party’s recipients is made aware of the confidential nature of this Agreement and the terms and provisions hereof), (c) by the Wellstat Parties to prospective lenders and investors who agree to keep them confidential and not use them except in consideration of any transaction with one or more of the Wellstat Parties, (d) upon any release contemplated by Section 5 or Section 13 of this Agreement, disclosures as may be reasonably required to evidence such release in the public record or otherwise, or (e) to the extent required by law, including but limited to any disclosures required under U.S. securities laws.  Notwithstanding the foregoing, the Parties may disclose any term or provision of this Agreement that is already a part of the public record.  Further, nothing 
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in this provision is intended to prevent the public filing of any action pursuant to paragraph 8 of this Agreement.
29.Fees.  Each Party is responsible for the payment of its own fees in connection with the negotiation, drafting and implementation of this Agreement.
30.Assignment; Binding Effect.  Each of this Agreement and each of the other agreements contemplated hereby is binding upon and shall inure to the benefit of each Party hereto, and each of its successors and assigns.  Any such successors and assigns of PDL shall execute and deliver to the Escrow Agent any and all replacements for the PDL Instruments as may be necessary to effectuate and/or consummate the transactions contemplated by this Agreement as promptly as possible after the effectiveness of any such succession or assignment; provided that if PDL becomes entitled to enforce its remedies pursuant to Section 12, such execution and delivery shall not be required after such time. 
31.No Third-Party Beneficiaries.  This Agreement is for the sole benefit of the Parties, and nothing herein expressed or implied shall give or be construed to give any other Person any legal or equitable rights hereunder.

32.Notices.  All notices, requests, demands, document deliveries and other communications under this Agreement shall be in writing and shall be deemed to have been duly given, provided, made or received (a) when delivered personally, (b) when sent by electronic mail (“e-mail”) or facsimile mail (in each case, on electronic confirmation of delivery), (c) one (1) Business Day after deposit with an overnight courier service (providing proof of delivery) or (d) three (3) Business Days after mailed by certified or registered mail, return receipt requested, with postage prepaid to the parties at the following addresses or e-mail addresses (or at such other address, e-mail address or facsimile number for a Party as shall be specified by like notice):

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If to PDL:                               PDL BioPharma, Inc. 932 Southwood Boulevard Incline Village,
                 Nevada 89451 Attention:  General Counsel
Telephone (775) 832-8500
Facsimile: (775) 832-8501

and with a simultaneous copy (which shall not constitute notice)
to:

Gibson Dunn & Crutcher LLP
200 Park Avenue
New York, New York 10166  
Attention: Robert Weigel
Facsimile: 212-351-4035
Email: rweigel@gibsondunn.com

If to Diagnostics:                    Defined Diagnostics, LLC
14200 Shady Grove Road
Suite 600 Rockville, Maryland 20850
Attn: Managing Member – FORMAL NOTICE
Telephone: (240) 631-2500
Facsimile: (240) 683-5830
E-mail:  nwohlstadter@wellstat.com

with a simultaneous copy to:

Defined Diagnostics, LLC
14200 Shady Grove Road
Suite 600
Rockville, Maryland 20850
Attn: Legal Department – FORMAL NOTICE
Telephone: (240) 631-2500
Facsimile: (240) 683-5830
E-mail:  fbragg@wellstat.com            

and with a simultaneous copy (which shall not constitute notice) 
to:

Arnold & Porter Kaye Scholer, LLP
250 West 55th Street
New York, NY 10019
Attention: James Catterson
     Eric N. Whitney
Facsimile: (212) 836-8689
E-mail:  james.catterson@arnoldporter.com; 
eric.whitney@arnoldporter.com  

If to Wellstat Parties:              Wellstat Management Company, LLC
41

14200 Shady Grove Road
Suite 600
Rockville, Maryland 20850
Attn: Managing Member – FORMAL NOTICE
Telephone: (240) 631-2500
Facsimile: (240) 683-5830 
E-mail:  nwohlstadter@wellstat.com

with a simultaneous copy to:

Wellstat Management Company, LLC
14200 Shady Grove Road
Suite 600
Rockville, Maryland 20850
Attn: Legal Department – FORMAL NOTICE
Telephone: (240) 631-2500
Facsimile: (240) 683-5830
E-mail:  fbragg@wellstat.com  

and with a simultaneous copy (which shall not constitute notice) to:
Arnold & Porter Kaye Scholer, LLP
250 West 55th Street
New York, NY 10019
Attention: James Catterson
     Eric N. Whitney
Facsimile: (212) 836-8689
E-mail:  james.catterson@arnoldporter.com; 
eric.whitney@arnoldporter.com

[SIGNATURES TO FOLLOW]

42

IN WITNESS THEREOF, the parties have entered into this Agreement as of the date first above written. 
PDL BIOPHARMA, INC.
By:   ____________________________                                
Name:   
Title:  

43

DEFINED DIAGNOSTICS, LLC
(f/k/a WELLSTAT DIAGNOSTICS, LLC)

By:   ____________________________                               
Name:  Nadine H. Wohlstadter
Title:    Managing Member

WELLSTAT BIOCATALYSIS, LLC
By:   ____________________________                               
Name:  Nadine H. Wohlstadter
Title:    Managing Member

WELLSTAT BIOLOGICS CORPORATION
By:   ____________________________                               
Name:  Nadine H. Wohlstadter
Title:    President

WELLSTAT IMMUNOTHERAPEUTICS, LLC
By:   ____________________________                               
Name: Nadine H. Wohlstadter 
Title:   Managing Member

WELLSTAT MANAGEMENT COMPANY, LLC
By:   ____________________________                               
Name:  Nadine H. Wohlstadter
Title:    Managing Member

HYPERION CATALYSIS INTERNATIONAL
By:   ____________________________                               
Name:  Nadine H. Wohlstadter
Title:    President

WELLSTAT AVT INVESTMENT LLC
By:   ____________________________                               
Name:  Nadine H. Wohlstadter
Title:    Managing Member

WELLSTAT THERAPEUTICS CORPORATION
By:   ____________________________                               
Name:  Nadine H. Wohlstadter
Title:    President

WELLSTAT VACCINES, LLC
By:  ____________________________                                
Name:  Nadine H. Wohlstadter
Title:    Managing Member

44

HEBRON VALLEY FARMS, INC.
By:   ____________________________                               
Name:  Nadine H. Wohlstadter
Title:    Secretary

SJW PROPERTIES, INC.
By:   ____________________________                               
Name:  Nadine H. Wohlstadter
Title:    Secretary

HVF, INC.
By:   ____________________________                               
Name:  Nadine H. Wohlstadter
Title:    Secretary

NHW, LLC
By:   ____________________________                               
Name:  Nadine H. Wohlstadter
Title:    Managing Member

DUCK FARM, INC.
By:   ____________________________                               
Name:  Nadine H. Wohlstadter
Title:    Secretary

WELLSTAT OPHTHALMICS CORPORATION
By:   ____________________________                               
Name:  Nadine H. Wohlstadter
Title:    President

WELLSTAT THERAPEUTICS EU LIMITED
By:   ____________________________                               
Name: Nadine H. Wohlstadter 
Title:   President

HYPERION CATALYSIS EU LIMITED
By:   ____________________________                               
Name:  Nadine H. Wohlstadter Title:    President

_____________________________________                          
Nadine H. Wohlstadter  
 _____________________________________                     
Samuel J. Wohlstadter   

45

ACKNOWLEDGED AND AGREED:

Fidelity National Title Insurance Company, as Escrow Agent 

By:   ____________________________                                                                                           
Name:
Title:  

46

SCHEDULE A
DEFINITIONS

As used in the Agreement, the following terms has the meaning given to them in the NYUCC: “Account”, “Chattel Paper”, “Commercial Tort Claims”, “Deposit Accounts”, “Electronic Chattel Paper”, “Equipment”, “Fixtures”, “Goods”, “Inventory”, “Letter-of-Credit Rights”, “Payment Intangibles”, “Proceeds”, and “Supporting Obligations”.

As used in the Agreement, the following terms shall have the following definitions:

“Advance $5,000,000 Payment” means an optional payment of $5,000,000 to be made or caused to be made by the Wellstat Parties to the Escrow Agent by the Diagnostics Payment Date or made or caused to be made by the Wellstat Parties to the Escrow Agent by the Diagnostics Outside Payment Date.

“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 purposes of this definition, “control” when used with respect to any Person means (i) the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise or (ii) the power, directly or indirectly, to vote ten percent (10%) or more of the capital stock having ordinary voting power for the election of directors (or similar Persons) of such Person.

“Agreement” has the meaning assigned to it in the preamble.

“Applicable Law” means all applicable provisions of all (i) constitutions, treaties, statutes, laws, rules, regulations and ordinances of any Governmental Authority, (ii) authorizations, consents, approvals, permits or licenses issued by, or a registration or filing with, any Governmental Authority and (iii) orders, decisions, judgments, awards and decrees of any Governmental Authority (including common law and principles of public policy). 

“Asset Transfer Agreement” means that certain Asset Transfer Agreement, dated as of the date hereof, by and between Defined Diagnostics, LLC (f/k/a Wellstat Diagnostics LLC), as transferee, and PDL BioPharma, Inc., as transferor, together with all exhibits, schedules and other documents attached thereto, as may be amended, modified, supplemented or waived from time to time in accordance therewith, in the form attached hereto as Exhibit G.

“BioVeris” means BioVeris Corporation, a Delaware corporation.

“BioVeris License Agreement” means that certain License Agreement between BioVeris and 32 Mott Street Acquisition II, LLC (n/k/a Defined Diagnostics, LLC) dated June 26, 2007.

“Business Day” means any day other than a Saturday or Sunday, a legal holiday or a day on which commercial banks in New York, New York are authorized or required by law to be closed.

“Collateral” means, (a) with respect to Samuel J. Wohlstadter and Nadine H. Wohlstadter, all Pledged Stock in Diagnostics and any Wellstat Company now owned by such Grantor, including all dividends, distributions, cash and other property or proceeds received, receivable or otherwise distributed in respect of or in exchange for any of the foregoing, and (b) with respect to any Grantor (other than Samuel J. Wohlstadter or Nadine H. Wohlstadter), all of the following property now owned by such Grantor or in which such Grantor now has any right, title or interest, which has not been released by PDL or by applicable law, but excluding the Diagnostics Assets:
(i) the Virginia Real Property, and 

(ii)
a.all Accounts;
b.all Chattel Paper, including tangible chattel paper and Electronic Chattel                                     Paper;
c.all Goods;
d.all UCC Documents;
e.all Equipment;
f.all Fixtures;
g.all General Intangibles, including all Payment Intangibles;
h.all UCC PDL Instruments;
i.all Intellectual Property;
j.all Inventory;
k.all Investment Property;
l.all Leases;
m.all Letter-of-Credit Rights;
n.all money;
o.all Supporting Obligations;
p.all tort claims, including Commercial Tort Claims;
q.all Deposit Accounts, all claims now therefrom, all funds now held therein, all amounts now credited thereto and all certificates and PDL Instruments, if any, from time to time representing or evidencing such bank accounts;
r.all other property not otherwise described above;
s.all books and records pertaining to the Collateral; and
t.to the extent not otherwise included, all Proceeds and products of any and all of the foregoing and all collateral security and guarantees given by any Person with respect to any of the foregoing.

Notwithstanding anything herein to the contrary, in no event shall the Collateral include or the security interest granted under this Agreement attach to any lease, license, contract, property rights or agreement to which any Grantor is a party or any of its rights or interests thereunder if and for so long as the grant of such security interest shall constitute or result in (i) the abandonment, invalidation or unenforceability of any right, title or interest of any Grantor therein or (ii) a breach or termination pursuant to the terms of, or a default under, any such lease, license, contract, property rights or agreement (other than to the extent that any such term would be rendered ineffective pursuant to Sections 9-406, 9-407, 9-408 or 9-409 of the UCC (or any successor provision or provisions) of any relevant jurisdiction or any other Applicable Law (including the Bankruptcy Code) or principles of equity); provided however that the Collateral 
Schedule A - 2

shall include and such security interest shall attach immediately at such time as the condition causing such abandonment, invalidation or unenforceability shall be remedied and to the extent severable, shall attach immediately to any portion of such lease, license, contract, property rights or agreement that does not result in any of the consequences specified in clause (i) or (ii) above.

“Completed a Wire Transfer” means that a wire transfer is evidenced by Escrow Agent’s receipt of a Federal Reference Number on its wire transfer.

“Copyrights” means all rights, title and interests (and all related IP Ancillary Rights) arising under any Applicable Law in copyrights and all mask work, database and design rights, whether or not registered or published, all registrations and recordations thereof and all applications in connection therewith. 

“Deed of Trust” means the Deed of Trust dated March 20, 2013 granted by Duck Farm, Inc., Hebron Valley Farms, Inc., HVF, Inc., NHW, LLC, and SJW Properties, Inc., a true and correct copy of which is attached hereto as Exhibit H.

“Deed of Trust Release” means a duly executed Certificate and Affidavit of Satisfaction in the form attached hereto as Exhibit D.

“Diagnostics” has the meaning assigned to it in the preamble.

“Diagnostics Assets” means Diagnostics’ assets acquired through the May 24, 2017 receivership sale to PDL and, to the extent they exist as of the Effective Date, the assets to be transferred pursuant to the terms and conditions of the Asset Transfer Agreement.

“Diagnostics Outside Payment Date” means on or before 11:59 AM EST on April 21, 2021.

“Diagnostics Payment Date” means on or before 11:59 AM EST on February 10, 2021.

“Diagnostics Pledged Stock” means all Stock and Stock Equivalents (including, for the avoidance of doubt, Pledged Stock) issued by Diagnostics to any Grantor.

“Documents” means, collectively, all documents and agreements by and among the Parties relating to any commercial transaction that was ever contemplated or consummated between PDL on the one hand and any of the Wellstat Parties or Diagnostics on the other hand before the date of this Agreement, including, but not limited to, the documents identified on attached Schedule B, in each case, as amended, amended and restated, supplemented or otherwise modified prior to the Effective Date.

“Effective Date” has the meaning assigned to it in Section 2 of this Agreement.

“Escrow Agent” means Fidelity National Title Insurance Company.

“Escrow Agreement” means that certain Escrow Agreement dated as of August 10, 2020, by and among PDL, Diagnostics, the Wellstat Parties and Escrow Agent, as may be amended, modified, supplemented or waived from time to time in accordance therewith.
Schedule A - 3

“Final Payment Date” means on or before 11:59 AM EST on July 26, 2021.

“Final Payment Wire” has the meaning set forth in Section 12.

“General Intangibles” means all “general intangibles” as such term is defined in Section 9-102(42) of the NYUCC as in effect on the date hereof and, in any event, including, without limitation, with respect to any Grantor, all contracts, agreements, PDL Instruments and indentures and all licenses and permits issued by Governmental Authorities in any form, and portions thereof, to which such Grantor is a party or under which such Grantor has any right, title or interest or to which such Grantor or any property of such Grantor is subject, as the same may from time to time be amended, supplemented, replaced or otherwise modified, including, without limitation, (i) all rights of such Grantor to receive moneys due and to become due to it thereunder or in connection therewith; (ii) all rights of such Grantor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect thereto; (iii) all rights of such Grantor to damages arising thereunder; (iv) all rights of such Grantor to receive any tax refunds; and (v) all rights of such Grantor to terminate and to perform, to compel performance and to exercise all remedies thereunder. 

“Governmental Authority” means any nation or government, any state, province, municipality or other political subdivision thereof, any central bank (or similar monetary or regulatory authority) thereof, any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank), and any corporation or other entity owned or controlled, through stock or capital ownership or otherwise, by any of the foregoing.  

“Grantors” means, collectively, the Wellstat Parties, and “Grantor” shall mean any one of them.

“Initial Settlement Payment” means an initial settlement payment of $7,500,000 to be made by the Wellstat Parties to PDL.

“Intellectual Property” means all rights, title and interests in intellectual property arising under any Applicable Law and all IP Ancillary Rights relating thereto, including all Copyrights, Patents, Trademarks, Internet Domain Names, Trade Secrets, industrial designs, integrated circuit topographies, and rights under IP Licenses. 

“Intellectual Property Security Agreements” means, collectively, (i) the Patent Security Agreement, dated November 2, 2012, made by Defined Diagnostics (f/k/a Wellstat Diagnostics LLC) in favor of PDL BioPharma, Inc., (ii) the Patent Security Agreement, dated August 20, 2013, made by Wellstat Therapeutics LLC in favor of PDL BioPharma, Inc., (iii) the Patent Security Agreement, dated August 20, 2013, made by Wellstat BioCatalysis LLC in favor of PDL BioPharma, Inc., (iv) the Patent Security Agreement, dated August 20, 2013, made by Wellstat Vaccines LLC in favor of PDL BioPharma, Inc., (v) the Patent Security Agreement, dated August 20, 2013, made by Wellstat Ophthalmics LLC in favor of PDL BioPharma, Inc., (vi) the Patent Security Agreement, dated August 20, 2013, made by Hyperion Catalysis International, (vii) the Patent Security Agreement, dated August 20, 2013, made by Wellstat 
Schedule A - 4

Biologics LLC, (viii) the Patent Security Agreement, dated August 20, 2013, made by Wellstat ImmunoTherapeutics, LLC in favor of PDL BioPharma, Inc., (ix) the Trademark Security Agreement, dated August 20, 2013, made by Wellstat Management Company, LLC in favor of PDL BioPharma, Inc., (x) the Trademark Security Agreement, dated August 20, 2013, made by Wellstat Therapeutics Corporation, (xi) the Trademark Security Agreement, dated August 20, 2013, made by Wellstat Biologics LLC in favor of PDL BioPharma, Inc., and (xii) the Patent Security Agreement, dated August 15, 2013, made by Defined Diagnostics (f/k/a Wellstat Diagnostics LLC) in favor of PDL BioPharma, Inc.  

“Internet Domain Name” means all right, title and interest (and all related IP Ancillary Rights) arising under any Applicable Law in internet domain names. 

“Investment Property” means the collective reference to (i) all “investment property” as such term is defined in Section 9-102(48) of the NYUCC on the date hereof including, without limitation, all certificated securities and uncertificated securities, all security entitlements, all securities accounts, all commodity contracts and all commodity accounts; (ii) security entitlements, in the case of any United States Treasury book-entry securities, as defined in 31 C.F.R. § 357.2, or, in the case of any United States federal agency book-entry securities, as defined in the corresponding United States federal regulations governing such book-entry securities; and (iii) whether or not constituting “investment property” as so defined, all Pledged Notes, all Pledged Stock, all Pledged Debt Securities and all Pledged Commodity Contracts.  

“IP Ancillary Rights” means, with respect to an item of Intellectual Property all foreign counterparts to, and all divisionals, reversions, continuations, continuations-in-part, reissues, reexaminations, renewals and extensions of, such Intellectual Property and all income, royalties, proceeds and liabilities at any time due or payable or asserted under or with respect to any of the foregoing or otherwise with respect to such Intellectual Property, including all rights to sue or recover at law or in equity for any past, present or future infringement, misappropriation, dilution, violation or other impairment thereof, and, in each case, all rights to obtain any other IP Ancillary Right.

“IP License” means all contractual obligations (and all related IP Ancillary Rights), whether written or oral, granting any right, title and interest in any Intellectual Property.

“Lease” means any lease of personal property under which any Grantor is the lessee. 

“Lien Release” means a duly executed Release of Security Interests and Authorization to File UCC Financing Statements in the form attached hereto as Exhibit C.

“Limited Power of Attorney” means a duly executed Limited Power of Attorney in the form attached hereto as Exhibit I.

“Notes” means, collectively, each promissory note issued by any Obligor(s) to or for the benefit of PDL.

“NYUCC” means the Uniform Commercial Code as in effect in the State of New York from time to time.
Schedule A - 5

“Obligations” means the Total Settlement Amount Balance.

“Obligors” shall mean, collectively, Diagnostics, the Wellstat Parties, and all other affiliates of Diagnostics or the Wellstat Parties that are party to any Documents, and “Obligor” shall mean any one of them.

“Parties” has the meaning assigned to it in the preamble.

“Patent Security Agreement” means, collectively, each patent security agreement delivered by any Obligor in connection with the Documents.

“Patent Security Agreement Releases” means, collectively, each duly executed Release of Patent Security Agreement in the forms attached as Exhibit E for each Intellectual Property Security Agreement that is a Patent Security Agreement.

“Patents” means all (i) all patents and certificates of invention, or similar property rights, and applications for any of the foregoing, of the United States, any other country or any political subdivision thereof, (ii) all reissues, divisions, continuations, continuations-in-part, extensions, renewals, and reexaminations thereof, (iii) all rights corresponding thereto throughout the world, (iv) all inventions and improvements described therein, (v) all rights to sue for past, present and future infringements thereof, (vi) all licenses, claims, damages, and proceeds of suit arising therefrom, (vii) all proceeds of the foregoing, including, without limitation, licenses, royalties, and income, and (viii) without duplication, all IP Ancillary Rights in respect of the foregoing. 

“PDL” has the meaning assigned to it in the preamble.

“PDL Instruments” means, collectively, the Lien Release, the Deed of Trust Release, the Trademark Security Agreement Releases, the Patent Security Agreement Releases, the Term Note dated as of November 2, 2012 among Wellstat Diagnostics, LLC as borrower and PDL BioPharma, Inc. as lender, the Term Note dated as of August 15, 2013 among Wellstat Diagnostics, LLC as borrower and PDL BioPharma, Inc. as lender, any additional Notes identified after the Effective Date that have been delivered to the Escrow Agent pursuant to Section 7 of this Agreement, all Possessory Collateral and the Limited Power of Attorney.

“PDL Releasees” has the meaning assigned to it in Section 16 of this Agreement.

“PDL Releasors” has the meaning assigned to it in Section 15 of this Agreement.

“Permitted Lien” means any mortgage, pledge, hypothecation, collateral assignment, lien (statutory or otherwise), preference, adverse claim, priority, charge, sale, transfer, license, lease or other disposition or encumbrance (i) that would have constituted a “Permitted Lien” as defined in the Documents prior to giving effect to this Settlement Agreement, (ii) is granted under this Agreement, (iii) securing debt permitted under Section 9 of this Agreement.

Schedule A - 6

“Person” means any natural person, corporation, partnership, trust, limited liability company, association, Governmental Authority or unit, or any other entity, whether acting in an individual, fiduciary or other capacity.

“Pledged Commodity Contracts” means all commodity contracts to which any Grantor is party from time to time.

“Pledged Debt Securities” means any certificates, options, rights or security entitlements of any nature whatsoever in respect of the debt securities of any Person that may be issued or granted to, or held by, any Grantor.

“Pledged Notes” means all intercompany notes at any time issued to any Grantor and all other promissory notes issued to or held by any Grantor.

“Pledged Stock” means the shares of capital stock, stock equivalents or other equity interests owned at any time or from time to time by any Grantor, together with any other shares, stock certificates, options, rights or security entitlements of any nature whatsoever in respect of the capital stock or other equity interests of any Person that may be issued or granted to, or held by, any Grantor.

“Possessory Collateral” means all physical collateral previously delivered by the Obligors to PDL under or in connection with the Documents.

“PTO” means the United States Patent and Trademark Office. 

“Scheduled Final Payment” means the payment of (i) $55,000,000 to be made or caused to be made by the Wellstat Parties to the Escrow Agent by the Final Payment Date if the Wellstat Parties make or cause to be made the Advance $5,000,000 Payment by the Diagnostics Payment Date, (ii) $62,500,000 if the Advance $5,000,000 Payment is not paid by the Diagnostics Payment Date, but is made prior to the Final Payment Date, or (iii) $67,500,000 if the Advance $5,000,000 Payment is not paid, in each case as such Scheduled Final Payment shall be reduced on a dollar-for-dollar basis by payment of all or any portion of the Total Settlement Amount by or on behalf of the Wellstat Parties in excess of the Initial Settlement Payment and Advance $5,000,000 Payment pursuant to the terms hereof or the receipt of any proceeds by PDL from the sale of the BioVeris license pursuant to the terms hereof. 

“September 2015 Action” has the meaning assigned to it in Recital A. 

“September 9, 2014 Letter” has the meaning assigned to it in Recital B.

“September 9 Letter Action” has the meaning assigned to it in Recital B.

“Stock” means all shares of capital stock (whether denominated as common stock or preferred stock), equity interests, beneficial, partnership or membership interests, joint venture interests, participations or other ownership or profit interests in, or equivalents (regardless of how designated) of, a Person (other than an individual), whether voting or non-voting. 

Schedule A - 7

“Stock Equivalent” means all securities convertible into or exchangeable for Stock or any other Stock Equivalent and all warrants, options or other rights to purchase, subscribe for or otherwise acquire any Stock or any other Stock Equivalent, whether or not presently convertible, exchangeable or exercisable.

“Total Settlement Amount Balance” means the amounts specified in Section 4 herein.  

“Trademark Security Agreement” means, collectively, each trademark security agreement delivered by any Obligor in connection with the Documents.

“Trademark Security Agreement Releases” means, collectively, each duly executed Release of Trademark Security Agreement in the forms attached as Exhibit F for each Intellectual Property Security Agreement that is a Trademark Security Agreement.

“UCC” means the Uniform Commercial Code as in effect in any jurisdiction. References to particular sections of Article 9 of the UCC shall be, unless otherwise indicated, references to revised Article 9 of the UCC adopted and effective in certain jurisdictions on or after July 1, 2001.

“UCC Documents” shall have the meaning given to the term “Documents” in the NYUCC.

“UCC PDL Instruments” shall have the meaning given to the term “PDL Instruments” in the NYUCC.

“Virginia Real Property” means the real property described in the Deed of Trust that has not been previously voluntarily released by PDL.

“Wellstat Company” means each of the Wellstat Parties other than Samuel J. Wohlstadter and Nadine H. Wohlstadter.

“Wellstat Parties” has the meaning assigned to it in the preamble. 

“Wellstat Releasees” has the meaning assigned to it in Section 15 of this Agreement.

“Wellstat Releasors” has the meaning assigned to it in Section 16 of this Agreement.
The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined.  The word “will” shall be construed to have the same meaning and effect as the word “shall”.  Unless the context requires otherwise (a) any reference herein to any Person shall be construed to include such Person’s successors and assigns (subject to any restrictions on assignments set forth herein) and, in the case of any Governmental Authority, any other Governmental Authority that shall have succeeded to any or all functions thereof and (b) the words “herein”, “hereof” and “hereunder”, and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof. 
Schedule A - 8

SCHEDULE B

Documents

1.Loan Agreement dated as of March 21, 2012, among Samuel J. Wohlstadter and Nadine H. Wohlstadter, as borrowers, PDL BioPharma, Inc., as lender, and Wellstat Therapeutics Corporation and Wellstat Biologics Corporation. 

2.Balloon Promissory Note dated as of March 21, 2012, among Samuel J. Wohlstadter and Nadine H. Wohlstadter, as borrowers, and PDL BioPharma, Inc. as lender.

3.Guaranty dated as of March 21, 2012, among Hebron Valley Farms, Inc. and SJW Properties, Inc. as guarantors, and PDL BioPharma, Inc. as lender.

4.Deed of Trust, dated as of March 21, 2012, among Hebron Valley Farms, Inc. and SJW Properties, Inc., as grantors, Walker Title, LLC, as trustee, and PDL BioPharma, Inc., as beneficiary. 

5.Credit Agreement, dated as of November 2, 2012, among Wellstat Diagnostics, LLC, as Borrower, PDL BioPharma, Inc., as lender, and PDL BioPharma, Inc., as agent.

6.Guarantee and Pledge Agreement dated as of November 2, 2012 by Samuel J. Wohlstadter and Nadine H. Wohlstadter, as pledgors, in favor of PDL BioPharma, Inc. as collateral agent.

7.Borrower Security Agreement dated as of November 2, 2012 by Wellstat Diagnostics, LLC, as grantor, in favor PDL BioPharma, Inc., as collateral agent.

8.Patent Security Agreement dated as of November 2, 2012 among Wellstat Diagnostics, LLC, as grantor.

9.Term Note dated as of November 2, 2012 among Wellstat Diagnostics, LLC as borrower and PDL BioPharma, Inc. as lender.

10.Subordination Agreement and Acknowledgement dated as of November 2, 2012 among Samuel J. Wohlstadter and Nadine H. Wohlstadter as junior lenders, and PDL BioPharma, Inc. as senior lender.

11.Side Letter dated as of October 31, 2012, among Wellstat Diagnostics, LLC and PDL BioPharma, Inc.

12.Tranche B-1 Term Note dated as of January 29, 2013 among Wellstat Diagnostics, LLC as borrower and PDL BioPharma, Inc. as lender and PDL BioPharma Inc. as agent. 

13.Reaffirmation and Grant of Security Interest dated as of January 29, 2013 among Wellstat Diagnostics, LLC as borrower and PDL BioPharma, Inc. as collateral agent. 

14.Tranche B-2 Term Note dated as of February 6, 2013 among Wellstat Diagnostics, LLC as borrower and PDL BioPharma, Inc. as lender.

15.Tranche B-3 Term Note dated as of February 13, 2013 among Wellstat Diagnostics, LLC as borrower and PDL BioPharma, Inc. as lender.

16.Pre-Negotiation Agreement dated as of February 6, 2013 among Wellstat Diagnostics, LLC as borrower and PDL BioPharma, Inc. as agent. 

17.Term Sheet dated as of February 15, 2013 among Wellstat Diagnostics, LLC as borrower and PDL BioPharma, Inc. as agent. 

18.Tranche B Term Note dated as of February 13, 2013 among Wellstat Diagnostics, LLC as borrower and PDL BioPharma, Inc. as lender.

19.Tranche B-4 Term Note dated as of February 27, 2013 among Wellstat Diagnostics, LLC as borrower and PDL BioPharma, Inc. as lender.

20.Any other Forbearance Notes executed in connection or contemporaneously with the below Forbearance Agreement

21.Forbearance Agreement dated as of February 28, 2013 among Wellstat Diagnostics, LLC as borrower, PDL BioPharma, Inc. as agent, Nadine Wohlstadter and Samuel J. Wohlstadter as holders, and Wellstat Management LLC, Wellstat Biologics LLC, Wellstat Therapeutics LLC, Wellstat Ophthalmics LLC, Wellstat Vaccines LLC, Wellstat ImmunoTherapeutics LLC, and Hyperion Catalysis International, Inc.

22.Amended and Restated Guarantee and Pledge Agreement dated as of February 28, 2013 among Samuel J. Wohlstadter and Nadine H. Wohlstadter as pledgors, PDL BioPharma, Inc. as collateral agent under the Credit Agreement dated as of November 2, 2012 between Wellstat Diagnostics, LLC as borrower and the agent as agent and lender.

23.Guarantee Agreement dated as of February 28, 2013 among Wellstat Management LLC, Wellstat Biologics LLC, Wellstat Therapeutics LLC, Wellstat Ophthalmics LLC, Wellstat Vaccines LLC, Wellstat ImmunoTherapeutics LLC, and Hyperion Catalysis International, Inc. as guarantors, in favor of PDL BioPharma, Inc. as collateral agent under the Credit Agreement dated as of November 2, 2012 between Wellstat Diagnostics, LLC as borrower and the agent as agent and lender.

24.Deed of Trust dated as of March 20, 2014, among Hebron Valley Farms, Inc., SJW Properties, Inc., HVF, Inc., and NHW, LLC, as grantors, Walker Title, LLC as trustee for the benefit of PDL BioPharma, Inc. as beneficiary.  

25.[Unexecuted] Security Agreement dated as of March 2013 among Wellstat Management LLC, Wellstat Biologics LLC, Wellstat Therapeutics LLC, Wellstat Ophthalmics LLC, Wellstat Vaccines LLC, Wellstat ImmunoTherapeutics LLC, and Hyperion Catalysis International, Inc., as grantors, in favor of PDL BioPharma, Inc. as collateral agent under 

the Credit Agreement, dated as of November 2, 2012, between Wellstat Diagnostics, LLC and the agent as lender and agent. 

26.Amended and Restated Credit Agreement dated as of August 15, 2013, among Wellstat Diagnostics, LLC as borrower, PDL BioPharma, Inc. as lender, and PDL BioPharma, Inc. as agent.

27.Joinder Agreement dated as of August 15, 2013 among Wellstat BioCatalysis, LLC, SJW Properties, Inc., HVF, Inc., NHW, LLC, Wellstat AVT Investments LLC, Hebron Valley Farms, Inc., Duck Farm, Inc. as additional grantors in favor of PDL BioPharma Inc. as agent for the lender party to the Credit Agreement and other secured creditors.  

28.Term Note dated as of August 15, 2013 among Wellstat Diagnostics, LLC as borrower and PDL BioPharma, Inc. as lender.

29.Patent Security Agreement dated as of August 15, 2013 among Wellstat Diagnostics, LLC, as grantor.

30.Patent Security Agreement dated as of August 20, 2013 among Hyperion Catalysis International, as grantor.

31.Patent Security Agreement dated as of August 20, 2013 among Wellstat BioCatalysis, LLC, as grantor.

32.Patent Security Agreement dated as of August 20, 2013 by Wellstat Biologics Corporation, as grantor.

33.Patent Security Agreement dated as of August 20, 2013 by Wellstat ImmunoTherapeutics, LLC, as grantor.

34.Patent Security Agreement dated as of August 20, 2013 by Wellstat Ophthalmics Corporation, as grantor.

35.Patent Security Agreement dated as of August 20, 2013 by Wellstat Therapeutics Corporation, as grantor.

36.Patent Security Agreement dated as of August 20, 2013 by Wellstat Vaccines, LLC, as grantor.

37.Trademark Security Agreement dated as of August 20, 2013 by Wellstat Biologics Corporation, as grantor.  

38.Trademark Security Agreement dated as of August 20, 2013 by Wellstat Management Company, LLC, as grantor.

39.Trademark Security Agreement dated as of August 20, 2013 among Wellstat Therapeutics Corporation, as grantor.

40.First Amendment to the Amended and Restated Credit Agreement dated as of June 24, 2014 among Wellstat Diagnostics, LLC as borrower, Wellstat BioCatalysis, LLC, Wellstat Biologics Corporation, Wellstat ImmunoTherapeutics, LLC, Wellstat Management Company, LLC, Hyperion Catalysis International, Wellstat AVT Investments LLC, Wellstat Therapeutics Corporation, Wellstat Vaccines, LLC, Hebron Farms, Inc., SJW Properties, Inc., HVF, Inc., NHW, LLC, Duck Farm, Inc., Wellstat Ophthalmics Corporation, Wellstat Therapeutics EU Limited, Hyperion Catalysis EU Limited, Nadine Wohlstadter, and Samuel J. Wohlstadter as loan parties, PDL BioPharma, Inc. as lender, and PDL BioPharma, Inc. as agent.

41.Second Amendment to the Amended and Restated Credit Agreement dated as of August 21, 2014 among Wellstat Diagnostics, LLC as borrower, Wellstat BioCatalysis, LLC, Wellstat Biologics Corporation, Wellstat ImmunoTherapeutics, LLC, Wellstat Management Company, LLC, Hyperion Catalysis International, Wellstat AVT Investments LLC, Wellstat Therapeutics Corporation, Wellstat Vaccines, LLC, Hebron Farms, Inc., SJW Properties, Inc., HVF, Inc., NHW, LLC, Duck Farm, Inc., Wellstat Ophthalmics Corporation, Wellstat Therapeutics EU Limited, Hyperion Catalysis EU Limited, Nadine Wohlstadter, and Samuel J. Wohlstadter as loan parties, PDL BioPharma, Inc. as lender, and PDL BioPharma, Inc. as agent.

42.Third Amendment to the Amended and Restated Credit Agreement dated as of November 4, 2014 among Wellstat Diagnostics, LLC as borrower, Wellstat BioCatalysis, LLC, Wellstat Biologics Corporation, Wellstat ImmunoTherapeutics, LLC, Wellstat Management Company, LLC, Hyperion Catalysis International, Wellstat AVT Investments LLC, Wellstat Therapeutics Corporation, Wellstat Vaccines, LLC, Hebron Farms, Inc., SJW Properties, Inc., HVF, Inc., NHW, LLC, Duck Farm, Inc., Wellstat Ophthalmics Corporation, Wellstat Therapeutics EU Limited, Hyperion Catalysis EU Limited, Nadine Wohlstadter, and Samuel J. Wohlstadter as loan parties, PDL BioPharma, Inc. as lender, and PDL BioPharma, Inc. as agent.

43.Letter Agreement dated as of September 9, 2014 among White Oak Global Advisors, LLC as White Oak agent, PDL BioPharma Inc. as PDL agent, and acknowledged and agreed to by Wellstat Catalysis International, Wellstat BioCatalysis, LLC, Wellstat Biologics Corporation, Wellstat ImmunoTherapeutics, LLC, Wellstat Management Company, LLC, Wellstat AVT Investment LLC, Wellstat Therapeutics Corporation, Wellstat Vaccines, LLC, Hebron Valley Farms, Inc., SJW Properties, Inc., HVF, Inc., NHW, LLC, Duck Farm, Inc., Nadine Wohlstadter, Samuel J. Wohlstadter, Wellstat Ophthalmics Corporation, Wellstat Diagnostics, Hyperion Catalysis EU Limited, and Wellstat Therapeutics EU Limited.

44.Asset Purchase Agreement dated as of December 21, 2015 between Wellstat Diagnostics, LLC as seller, Gray and Associates, LLC as Receiver for the assets of, and Attorney-in-Fact of, Wellstat Diagnostics, LLC and PDL BioPharma, Inc. as buyer

EXHIBIT A
(Form of Escrow Agreement)

[see attached]

EXHIBIT A
                                                      
Form of Escrow Agreement

ESCROW AGREEMENT

This ESCROW AGREEMENT (this “Agreement”) is made and entered into this 11th day of August, 2020, by and among Fidelity National Title Insurance Company (“Escrow Agent”), PDL BioPharma, Inc., together with its successors and assigns (hereinafter referred to as “PDL”), Samuel J. Wohlstadter, Nadine H. Wohlstadter, Hyperion Catalysis International, Wellstat Vaccines, LLC, Wellstat ImmunoTherapeutics, LLC, Wellstat BioCatalysis, LLC, Wellstat AVT Investment, LLC, Wellstat Biologics Corporation, Wellstat Management Company, LLC, Wellstat Ophthalmics Corporation, Wellstat Therapeutics Corporation, Wellstat Therapeutics EU Limited, Duck Farm, Inc., Hebron Valley Farms, Inc., HVF, Inc., Hyperion Catalysis EU Limited, NHW, LLC, and SJW Properties, Inc., together with their respective successors and assigns (hereinafter collectively referred to as the “Wellstat Parties”), and Defined Diagnostics, LLC (f/k/a Wellstat Diagnostics, LLC) (together with its successors and assigns hereinafter referred to as “Diagnostics”).  PDL, Diagnostics, and the Wellstat Parties are referred to as the “Parties.”  

RECITALS

WHEREAS, PDL, Diagnostics and the Wellstat Parties are entering into that certain Settlement and Mutual Release Agreement dated as of August 11, 2020, (the “Settlement Agreement”), attached hereto as Exhibit A; all capitalized terms used but not defined herein shall have the meanings ascribed to them in the Settlement Agreement; and

WHEREAS, as required by the Settlement Agreement and as a material inducement for the parties to execute the Settlement Agreement, PDL, Diagnostics, the Wellstat Parties and Escrow Agent have agreed to execute and deliver this Agreement. 

NOW THEREFORE, in consideration of the premises and the mutual conditions contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows:

1.Establishment of Escrow and Instructions to Escrow Agent.

a.           Escrow Agent shall establish an account to which the PDL Instruments and Transaction Documents (as such terms are defined in the Settlement Agreement and Asset Transfer Agreement, respectively) are to be delivered and any settlement payments made or caused to be made by or on behalf of the Wellstat Parties pursuant to the terms of the Settlement Agreement are to be deposited and held and disbursed by Escrow Agent in accordance with the terms hereof.  Escrow Agent is not responsible for levies by taxing authorities based upon the taxpayer identification number used to establish said account. 

b.         Escrow Agent’s duties and directions are solely as defined herein.  Neither PDL, the Wellstat Parties nor Diagnostics shall have the right to give any instruction to Escrow Agent 

concerning the delivery of the PDL Instruments, the Transaction Documents, the Possessory Collateral or the disbursement of funds, except in strict accordance with this Agreement or based on a joint instruction from the Parties.  

2.Delivery of PDL Instruments, Possessory Collateral and Transaction Documents by PDL to Escrow Agent.   

a.PDL shall execute and deliver the following PDL Instruments and Transaction Documents to Escrow Agent to be held in escrow: 

(i) the Lien Release, 

(ii) the Deed of Trust Release, 

(iii) the Trademark Security Agreement Releases, 

(iv) the Patent Security Agreement Releases (including, for the avoidance of doubt, the Patent Security Agreement Release relating to that certain Patent Security Agreement, dated August 15, 2013, executed by Diagnostics in favor of PDL), 

(v) the Term Note dated as of November 2, 2012 among Wellstat Diagnostics, LLC as borrower and PDL BioPharma, Inc. as lender,

(vi) the Term Note dated as of August 15, 2013 among Wellstat Diagnostics, LLC as borrower and PDL BioPharma, Inc. as lender,

(vii) the duly executed Limited Power of Attorney;

(viii) a duly executed bill of sale and assignment in the form attached to the Asset Transfer Agreement as Exhibit A, 

(ix) a duly executed intellectual property assignment agreement in the form attached to the Asset Transfer Agreement as Exhibit B, and 

(x) a duly executed patent assignment agreement in the form attached to the Asset Transfer Agreement as Exhibit C.  

b.If, after the Effective Date, a Party identifies an executed Note that was in effect immediately prior to the Effective Date but was not put into Escrow in accordance herewith, PDL shall, within a reasonable time, deliver to the Escrow Agent (i) the original of such executed Note if such Note is in PDL’s possession custody or control, or, (ii) if the original was previously delivered to PDL, has not otherwise been returned to the Wellstat Parties, Diagnostics and/or their agents, and cannot be located by PDL after a diligent search, a lost note affidavit in a form reasonably acceptable to the Parties.  
c.Escrow Agent shall hold the PDL Instruments and the Transaction Documents in escrow until: (i) in the case of the PDL Instruments, the Final Payment Date or such time as the 

Wellstat Parties have paid the Total Settlement Amount Balance, whichever is earlier (unless, in the case of the Trademark Security Agreement Releases and Patent Security Agreement Releases relating solely to the Diagnostics Assets, such agreements have been earlier released in accordance with subsection (ii) hereof) and (ii) in the case of the Transaction Documents, the date upon which the Escrow Agent receives the payments set forth in Sections 5(a), 5(b) or 5(c) of the Settlement Agreement or, if the Parties have jointly notified the Escrow Agent of an Inspection Failure (as such term is defined in the Asset Transfer Agreement), the date detailed in Section 8(c) hereof.    

d.PDL shall deliver or cause to be delivered all Possessory Collateral to Escrow Agent.  PDL hereby designates and appoints Escrow Agent as its bailee for purposes of possession of the Possessory Collateral on behalf of PDL, including for purposes of PDL’s perfection of its security interest through possession pursuant to Section 8-301 and 9-313 of the UCC (until such time as the Total Settlement Amount Balance is paid in full or the Possessory Collateral is returned to PDL).  Notwithstanding any other provision in this Agreement, in no event shall the duties otherwise imposed upon Escrow Agent pursuant to these Instructions abrogate, cancel, terminate or interfere with the bailee status of the Escrow Agent.  

3.Delivery of Initial Settlement Payment of $7,500,000 by the Wellstat Parties to  Escrow Agent and Escrow Agent’s Release of the Initial Settlement Payment to PDL  

a.         The Wellstat Parties shall pay or cause to be paid the Initial Settlement Payment of $7,500,000 to Escrow Agent by wire transfer of immediately available funds in accordance with the wiring instructions attached hereto as Exhibit B-1. Upon Escrow Agent’s receipt of the Initial Settlement Payment, Escrow Agent shall cause the Initial Settlement Payment to be sent to PDL by wire transfer of immediately available funds in accordance with the wiring instructions attached hereto as Exhibit B-2.

b.         Upon the Parties’ confirmation to Escrow Agent that: 

(i) the PDL Instruments, the Possessory Collateral and the Transaction Documents have been delivered by PDL to Escrow Agent, and,

(ii) the Wellstat Parties have delivered the Initial Settlement Payment to Escrow Agent and PDL has received the Initial Settlement Payment, 

the Settlement Agreement shall become effective.  If the Settlement Agreement does not become effective for any reason, to the extent previously provided to the Escrow Agent, the Escrow Agent shall return the Initial Settlement Payment to the Wellstat Parties and shall return the PDL Instruments, Possessory Collateral  and Transaction Documents to PDL.    

4.Total Settlement Amount Balance.  Subject to the Settlement Agreement becoming effective, the Parties agree that the remaining amount due and owing under the Documents (exclusive of the $7,500,000 Initial Settlement Payment) shall be settled and fixed for all purposes in the amount of: 

a.         $60,000,000 (reduced by the Advance $5,000,000 Payment) if the Wellstat Parties make or cause to be made the Advance $5,000,000 Payment by the Diagnostics Payment Date and the Scheduled Final Payment by the Final Payment Date; 

b.         $67,500,000 (reduced by the Advance $5,000,000 Payment, if made) if the Wellstat Parties fail to make or cause to be made the Advance $5,000,000 Payment by the Diagnostics Payment Date, but do make or cause to be made the Scheduled Final Payment by the Final Payment Date; or 

c.         $92,500,000 (reduced by the Advance $5,000,000 Payment, if made) if the Wellstat Parties fail to make or cause to be made the Scheduled Final Payment by the Final Payment Date.  

Pursuant to the terms of the Settlement Agreement, the Total Settlement Amount Balance shall be reduced on a dollar-for-dollar basis for any payment of all or any portion of such Total Settlement Amount Balance made by or on behalf of the Wellstat Parties or the receipt by PDL of any proceeds from the sale of the BioVeris license referred to in Section 5.e of the Settlement Agreement.   

5.Advance Payment of $5,000,000.  At or before the Diagnostics Payment Date or the Diagnostics Outside Payment Date, the Wellstat Parties have the option to make or cause to be made an additional payment of $5,000,000 to Escrow Agent (the “Advance $5,000,000 Payment”) by depositing such Advance $5,000,000 Payment with Escrow Agent in accordance with the wiring instructions attached hereto as Exhibit B-1.  If the Wellstat Parties make or cause to be made the Advance $5,000,000 Payment to Escrow Agent, Escrow Agent shall release such Advance $5,000,000 Payment to PDL as soon as possible, but no later than two (2) business days in accordance with the wiring instructions attached hereto as Exhibit B-2. 

6.Remaining Settlement Payment.  Pursuant to the Settlement Agreement:

a.If the Wellstat Parties make or cause to be made the Advance $5,000,000 Payment to Escrow Agent by the Diagnostics Payment Date, the Wellstat Parties shall make or cause to be made, by wire transfer of immediately available funds to Escrow Agent by the Final Payment Date, the sum of $55,000,000 (in addition to the Initial Settlement Payment made on the Effective Date and the Advance $5,000,000 Payment) or the Total Settlement Amount Balance (as calculated in accordance with Section 6(c)), if less.  Upon receipt of such payments, the Escrow Agent shall (i) confirm the date and time of receipt of such payment to the Parties; (ii) release such funds to PDL in accordance with the wiring instructions attached hereto as Exhibit B-2, and (iii) confirm to the Parties receipt by Escrow Agent of a Federal Reference Number on its wire transfer.  

b.If the Wellstat Parties do not make or cause to be made the Advance $5,000,000 Payment to Escrow Agent by the Diagnostics Payment Date, the Wellstat Parties shall make or cause to be made, for the benefit of PDL, by wire transfer of immediately available funds to Escrow Agent, by the Final Payment Date, the sum of $67,500,000 (in addition to the Initial Settlement Payment made on the Effective Date) or the Total Settlement Amount Balance (as calculated in accordance with Section 6(c)), if less.  Upon receipt of such payments, the Escrow 

Agent shall (i) confirm the date and time of receipt of such payment to the Parties; (ii) release such funds to PDL in accordance with the wiring instructions attached hereto as Exhibit B-2, and (iii) confirm to the Parties receipt by Escrow Agent of a Federal Reference Number on its wire transfer. 

c.In addition to the foregoing, the Wellstat Parties may make or cause to be made any optional payments on the Total Settlement Amount Balance to Escrow Agent at any time, and from time to time, without premium or penalty and upon the Escrow Agent sending such amounts to PDL by wire transfer of immediately available funds in accordance with the wiring instructions attached hereto as Exhibit B-2 such payments shall reduce the Total Settlement Amount Balance on a dollar-for-dollar basis.  On the occurrence of any other event which results in a reduction to the Total Settlement Amount Balance pursuant to the terms of the Settlement Agreement, the Parties shall jointly notify the Escrow Agent of such reduction and, upon receipt of such notice, for purposes of the Escrow Agreement the Total Settlement Amount Balance shall be reduced by the amount set forth in such joint notice. 

d.If the Wellstat Parties sends notice to Escrow Agent and PDL, at least five (5) Business Days prior to the Final Payment Date, of its election to have an in-person closing then, on the Final Payment Date the Parties and the Escrow Agent shall meet at the offices of Arnold & Porter Kaye Scholer LLP, 250 West 55th Street, New York, New York 10019-9710, or such other location as is mutually agreeable to the Parties and the Escrow Agent, at 10:00 a.m. local time (the “In-Person Closing”).  At the In-Person Closing, and notwithstanding the procedures set forth in Sections 6(a) and (b) and Section 7(a), in lieu of the Wellstat Parties wiring the amount set forth in Section 6(a) or (b) to Escrow Agent for release to PDL and Escrow Agent transmitting electronic copies of the PDL Instruments and Possessory Collateral to the Wellstat Parties, with originals to follow, the Wellstat Parties shall hand to PDL cashier’s check drawn on a bank reasonably acceptable to both PDL and the Wellstat Parties in such amount and the Escrow Agent shall then immediately hand to the Wellstat Parties the originals of the PDL Instruments and Possessory Collateral. 

e.The Initial Settlement Payment, the Advance $5,000,000 Payment and any remaining settlement payments made by or caused to be made by the Wellstat Parties to Escrow Agent shall be referred to as the “Escrowed Funds.”  

7.Release of Remaining Escrowed Funds, PDL Instruments and Possessory Collateral.  Pursuant to the Settlement Agreement:

a.If the Wellstat Parties pay or cause to be paid the Total Settlement Amount Balance to Escrow Agent at or before the Final Payment Date, then upon confirmation by Escrow Agent to the Parties that it has received a Federal Reference number on its wire transfer in an amount equal to such Total Settlement Amount Balance to PDL, Escrow Agent shall simultaneously transmit electronic copies of the PDL Instruments (other than the Limited Power of Attorney) and Possessory Collateral to the Wellstat Parties and promptly deliver the originals to the Wellstat Parties by express overnight delivery or such other method as the Wellstat Parties may designate. Upon written confirmation from PDL to Escrow Agent and PDL the account set forth on Exhibit B-2 has received such funds, Escrow Agent shall transmit an electronic copy of the Limited Power of Attorney to the Wellstat Parties and promptly deliver the original to the 

Wellstat Parties by express overnight delivery or such other method as the Wellstat Parties may designate. Notwithstanding the foregoing, Section 6(d) sets forth the terms of release of the PDL Instruments and Possessory Collateral to the Wellstat Parties if the In-Person Closing occurs.

b.If an In-Person Closing has not occurred and the Wellstat Parties do not pay or cause to be paid the Total Settlement Amount Balance to Escrow Agent at or before the Final Payment Date, Escrow Agent shall (i) promptly, but no later than 2 p.m Eastern Time on the day following the Final Payment Date, release the remaining Escrowed Funds, if any, to PDL and (ii) promptly deliver the originals of the PDL Instruments and Possessory Collateral to PDL by express overnight delivery or such other method as PDL may designate.  

8.Diagnostic Assets and Release of Transaction Documents.  Pursuant to the Settlement Agreement,

a.If the Wellstat Parties make or cause to be made payments in an amount in the aggregate of $12,500,000 (inclusive of the $7,500,000 Initial Settlement Payment) to Escrow Agent for the benefit of PDL, by wire transfer of immediately available funds by the Diagnostics Payment Date or the Diagnostics Outside Payment Date, then, upon confirmation by the Escrow Agent to the Parties that it has received payments in an amount in the aggregate (and without duplication) of $12,500,000 made by or on behalf of the Wellstat Parties, Escrow Agent shall release all such funds to PDL immediately by wire transfer and, upon confirmation by Escrow Agent to the Parties that it has received a Federal Reference Number on its wire transfer of such funds to PDL and unless the Parties have jointly notified the Escrow Agent of an Inspection Failure, Escrow Agent shall release the Transaction Documents to Diagnostics within two calendar days dated as of the date of their release. 

b.If the Wellstat Parties fail to make or cause to be made payments in an amount in the aggregate of $12,500,000 (inclusive of the $7,500,000 Initial Settlement Payment) to Escrow Agent for the benefit of PDL, by wire transfer of immediately available funds by the Diagnostics Payment Date, but the Wellstat Parties make or cause to be made payments in an amount in the aggregate of $75,000,000 (inclusive of the $7,500,000 Initial Settlement Payment) to Escrow Agent for the benefit of PDL, by wire transfer of immediately available funds by the Final Payment Date, then, upon confirmation by the Escrow Agent that it has received, payments in an amount in the aggregate (and without duplication), of $75,000,000 made by or on behalf of the Wellstat Parties, Escrow Agent shall release all such funds to PDL immediately by wire transfer and, upon confirmation by Escrow Agent to the Parties that it has received a Federal Reference Number on its wire transfer of such funds to PDL and unless the Parties have jointly notified the Escrow Agent of an Inspection Failure, Escrow Agent shall release the Transaction Documents to Diagnostics within two calendar days dated as of the date of their release.  

c.If the Parties have jointly notified the Escrow Agent of an Inspection Failure, the Escrow Agent shall not release the Transaction Documents to Diagnostics until the earlier of the date that is (i) ten (10) Business Days following the date the Parties provide joint notification to the Escrow Agent that the Inspection Failure has been remedied and (ii) thirty (30) days after confirmation by Escrow Agent to the Wellstat Parties and PDL that it has received the Federal Reference Number for the payment specified in Section 8(a) or 8(b) above.  The Escrow Agent shall date the Transaction Documents as of the date of their release. 

d.The payment amounts set forth in this Section 8, shall be subject to a dollar-for-dollar credit for any proceeds that PDL receives from the sale of the BioVeris license pursuant to Section 5.e of the Settlement Agreement, which, in each case, shall be applied to reduce such amount on a dollar-for-dollar basis.  

e.Should PDL receive proceeds from the sale of the BioVeris license or any other payments in payment or partial satisfaction of the Obligations that are subject to credit against the Total Settlement Balance, the Parties shall jointly instruct the Escrow Agent as to the revised payment amounts in respect of the foregoing provisions.

9.Non-Interest-Bearing Account.  The Escrow Agent shall deposit the Escrowed Funds in a non-interest-bearing account for the entire term of this Escrow Agreement.

10.Escrow Agent.

A.General.  Escrow Agent shall act as escrow agent and hold and disburse the Escrowed Funds, PDL Instruments and Transaction Documents pursuant to the terms and conditions of this Agreement.

B.Limited Duties.  Escrow Agent undertakes to perform only such duties as are expressly set forth in this Agreement.  Escrow Agent shall incur no liability whatsoever to PDL, Diagnostics or the Wellstat Parties except for its own willful misconduct or gross negligence in its capacity as escrow agent; provided, however Escrow Agent shall not disburse any portion of the Escrowed Funds, the PDL Instruments, or the Transaction Documents, except in strict accordance with this Agreement or based on a joint instruction from the Parties.

C.Resignation.  Upon consent of the Parties, Escrow Agent may resign and be discharged from its duties or obligations hereunder by giving notice of such resignation to the parties specifying a date upon which such resignation shall take effect, provided, however, that such resignation shall not be effective until the appointment of a successor escrow agent as mutually agreed by the Parties.  Escrow Agent shall deliver any Escrowed Funds, the PDL Instruments and the Transaction Documents in the escrow account to any successor escrow agent so appointed.

D.Indemnification.  The parties hereby jointly and severally agree to indemnify Escrow Agent for, and to hold it harmless against, any loss, liability, damage or expense incurred without gross negligence or willful misconduct on the part of Escrow Agent arising out of or in connection with its entering into and/or performing under this Agreement.

E.Interpleader.  In the event of conflicting instructions to Escrow Agent, or if Escrow Agent is named or joined in any lawsuit relating to this Agreement or the Escrowed Funds, the PDL Instruments or the Transaction Documents, Escrow Agent is hereby additionally authorized and empowered, at Escrow Agent’s option, to deliver the Escrowed Funds, the PDL Instruments and the Transaction Documents in interpleader to a court of competent jurisdiction, whereupon Escrow Agent shall be released from any further obligations or liabilities under this Agreement.  Notwithstanding the foregoing, Escrow Agent hereby irrevocably waives any right to seek to interplead PDL and the Wellstat Parties in any matter that would impair, impede, 

delay, or interfere in any manner or to any extent with the immediate and timely performance of each and every duty imposed upon Escrow Agent in connection with the Possessory Collateral under Section 7 above.  If the Escrow Agent is named or joined in any lawsuit relating to this Agreement or the Escrowed Funds, the PDL Instruments or the Transaction Documents, PDL and the Wellstat Parties shall each pay one-half of the Escrow Agent’s reasonable attorneys’ fees. 

11.Notices.  Any notices, communications or other deliveries required to be sent under this Agreement shall be in writing and shall be sent to the applicable party at its address provided for below or at such other address as such party may, by written notice received by the other parties, have designated as its address for such purpose.  All notices shall be sent by either and/or facsimile.  Notices sent by facsimile or email shall be deemed to have been given when sent.

If to PDL:                                PDL BioPharma, Inc.
932 Southwood Boulevard
Incline Village, Nevada 89451
Attention:  General Counsel
Telephone (775) 832-8500
Facsimile: (775) 832-8501

and with a simultaneous copy (which shall not constitute notice) 
to:

Gibson Dunn & Crutcher LLP
200 Park Avenue
New York, New York 10166  
Attention: Robert Weigel
Facsimile:
Email: rweigel@gibsondunn.com

If to Diagnostics:                    Defined Diagnostics, LLC
14200 Shady Grove Road
Suite 600
Rockville, Maryland 20850
Attn: Managing Member – FORMAL NOTICE
Telephone: (240) 631-2500
Facsimile: (240) 683-5830
E-mail:  nwohlstadter@wellstat.com  

with a simultaneous copy to:

Defined Diagnostics, LLC
14200 Shady Grove Road
Suite 600
Rockville, Maryland 20850
Attn: Legal Department – FORMAL NOTICE

Telephone: (240) 631-2500
Facsimile: (240) 683-5830
E-mail:  fbragg@wellstat.com            

and with a simultaneous copy (which shall not constitute notice) 
to:

Arnold & Porter Kaye Scholer, LLP
250 West 55th Street
New York, NY 10019
Attention: James Catterson
     Eric N. Whitney
Facsimile: (212) 836-8689
E-mail:  james.catterson@arnoldporter.com; 
eric.whitney@arnoldporter.com  

If to Wellstat Parties:              Wellstat Management Company, LLC
14200 Shady Grove Road
Suite 600
Rockville, Maryland 20850
Attn: Managing Member – FORMAL NOTICE
Telephone: (240) 631-2500
Facsimile: (240) 683-5830 
E-mail:  nwohlstadter@wellstat.com

with a simultaneous copy to:

Wellstat Management Company, LLC
14200 Shady Grove Road
Suite 600
Rockville, Maryland 20850
Attn: Legal Department – FORMAL NOTICE
Telephone: (240) 631-2500
Facsimile: (240) 683-5830
E-mail:  fbragg@wellstat.com  

and with a simultaneous copy (which shall not constitute notice) to:
Arnold & Porter Kaye Scholer, LLP
250 West 55th Street
New York, NY 10019
Attention: James Catterson
     Eric N. Whitney
Facsimile: (212) 836-8689
E-mail:  james.catterson@arnoldporter.com; 
eric.whitney@arnoldporter.com

If to Escrow Agent:                Fidelity National Title Insurance Company
Attn: Nick DeMartini
485 Lexington Avenue, 18th Floor
New York, NY 10017
Facsimile: (212) 481-8747
E-mail: NDeMartini@fnf.com

12.Governing Law.  The validity, construction, interpretation and performance of this Agreement shall in all ways be governed and determined in accordance with the laws of the State of New York (other than such laws that would result in the application of the laws of any other jurisdiction).

13.Captions.  Captions are used in this Agreement solely for convenience of reference and shall neither be construed as a part of this Agreement nor affect the construction to be given any of its provisions.

14.Counterparts.  This Agreement or its signature pages may be executed in any number of original counterparts, all of which evidence only one agreement and only one full and complete copy of which need be produced for any purpose.  A facsimile or other electronic image of a signature will have the same legal effect for the purpose of establishing the execution of this Agreement as an originally drawn signature.

15.Severability.  In the event any provision or portion of this Agreement is held by any court of competent jurisdiction to be invalid or unenforceable, such holding will not affect the remainder hereof, and the remaining provisions shall continue in full force and effect to the same extent as would have been the case had such invalid or unenforceable provision or portion never been a part of this Agreement.

16.No Waiver.  The failure to enforce any particular provision of this Agreement on any particular occasion shall not be deemed a waiver by any party of any of its rights hereunder, nor shall it be deemed to be a waiver of subsequent or continuing breaches of that provision, unless such waiver is expressed in a writing signed by the party to be bound.  

17.Venue; Prevailing Party.

A.Each of PDL, Diagnostics, the Wellstat Parties and Escrow Agent hereby irrevocably and unconditionally submits, for itself and its property, to the exclusive jurisdiction of and agrees that venue shall be proper in any New York State or Federal Court sitting in New York County, New York, in any action or proceeding arising out of or relating to this Agreement, or for recognition or enforcement of any judgment issued in any such proceeding on this Agreement.   Each of PDL, Diagnostics, the Wellstat Parties and Escrow Agent hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such courts.  Each of PDL, Diagnostics, the Wellstat Parties and Escrow Agent agrees that a final judgment in any such action or proceeding will be conclusive 

and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law.  ANY LEGAL SUIT, ACTION OR PROCEEDING AGAINST ANY PARTY ARISING OUT OF OR RELATING TO THIS AGREEMENT SHALL BE INSTITUTED IN ANY NEW YORK STATE OR FEDERAL COURT SITTING IN NEW YORK COUNTY, NEW YORK, AND EACH PARTY WAIVES ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO (1) THE JURISDICTION OF ANY SUCH COURT IN ANY SUIT, ACTION OR PROCEEDING AND (2) THE LAYING OF VENUE OF ANY SUCH SUIT, ACTION OR PROCEEDING (INCLUDING ANY OBJECTION OF OR RELATING TO FORUM NON-CONVENIENS).  For the avoidance of doubt, this provision is not intended to, and does not, apply to any action brought pursuant to Section 8 of the Settlement Agreement or any proceeding brought in connection with a judgment issued in any proceeding brought pursuant to Section 8 of the Settlement Agreement.  

B.In the event that any litigation or any other action to enforce the provisions of this Agreement, the prevailing party in such litigation or such action shall be entitled to be reimbursed by the other party for the prevailing party’s reasonable out-of-pocket costs and expenses (including reasonable counsel fees and court costs).

18.Date for Performance.  If the time period by which any right, notice, option or election provided under this Agreement must be exercised, or by which any act required hereunder must be performed, expires on a Saturday, Sunday or legal or bank holiday, then such time period will be automatically extended through the close of business on the next following Business Day.

19.Conflict with Settlement Agreement.  To the extent that there is any conflict between the provisions of this Agreement and the provisions of the Settlement Agreement, the provisions of the Settlement Agreement shall control.

20.No Third Party Beneficiary.  The provisions of this Agreement are and will be for the benefit of the Parties and Escrow Agent only and are not for the benefit of any third party, and accordingly, no third party shall have the right to enforce the provisions of this Agreement.

 [NO FURTHER TEXT ON THIS PAGE]

IN WITNESS WHEREOF, the undersigned have caused this Agreement to be duly executed as of the date first written above.

PDL BIOPHARMA, INC.

By: ____________________________                               
Name:   
Title:  

DEFINED DIAGNOSTICS, LLC

By: ______________________
Name: Nadine Wohlstadter
Title:   Managing Member

WELLSTAT BIOCATALYSIS, LLC

By: ____________________________                               
Name:  Nadine Wohlstadter
Title: Managing Member

 WELLSTAT BIOLOGICS CORPORATION

By: ____________________________                               
Name:  Nadine Wohlstadter
Title:  Managing Director

WELLSTAT IMMUNOTHERAPEUTICS, LLC

By: ____________________________                               
Name: Nadine Wohlstadter
Title:  Managing Member

WELLSTAT MANAGEMENT COMPANY, LLC

By: ____________________________                               
Name:  Nadine Wohlstadter
Title: Managing Member

HYPERION CATALYSIS INTERNATIONAL, a 
California corporation

By: ____________________________                               
Name:  Nadine Wohlstadter
Title:  President

WELLSTAT AVT INVESTMENT LLC

By: ____________________________                               
Name:  Nadine Wohlstadter
Title:  

WELLSTAT THERAPEUTICS CORPORATION

By: ____________________________                               
Name:  Nadine Wohlstadter
Title:  Managing Director

WELLSTAT VACCINES, LLC

By: ____________________________                                
Name:  Nadine Wohlstadter
Title:  Managing Member

HEBRON FARMS, INC

By: ____________________________                               
Name:  Nadine Wohlstadter 
Title:  

SJW PROPERTIES, INC.

By: ____________________________                               
Name:  Nadine Wohlstadter
Title:  

HVF, INC.

By: ____________________________                               
Name:  Nadine Wohlstadter
Title:  Secretary/Treas

NHW, INC.

By: ____________________________                               
Name:  Nadine Wohlstadter
Title:  Secretary/Treas

DUCK FARM, INC.

By: ____________________________                               
Name:  Nadine Wohlstadter
Title:  Secretary/Treas

WELLSTAT OPHTHALMICS CORPORATION

By: ____________________________                               
Name:  Nadine Wohlstadter
Title:  Managing Director

WELLSTAT THERAPEUTICS EU LIMITED

By: ____________________________                               
Name: Nadine Wohlstadter  
Title:  

HYPERION CATALYSIS EU LIMTED

By: ____________________________                               
Name:  Nadine Wohlstadter
Title:  

____________________________                               
Nadine Wohlstadter  

         ____________________________                               
Samuel Wohlstadter  

ESCROW AGENT

By:______________________
Name:
Title:

EXHIBIT B-1
(Escrow Agent Wire Instructions)

EXHIBIT B-2
(PDL Wire Instructions)

EXHIBIT C
(Form of Lien Release)

RELEASE OF SECURITY INTERESTS AND AUTHORIZATION TO FILE UCC FINANCING STATEMENTS

									
	Re:		Satisfaction of Loan and Release of All Security Interests
			
	Agent and sole Lender:		PDL BioPharma, Inc.
			
	Obligors:		Defined Diagnostics LLC (f/k/a Wellstat Diagnostics LLC), Samuel J. Wohlstadter, Nadine H. Wohlstadter, Hyperion Catalysis International, Wellstat Vaccines, LLC, Wellstat ImmunoTherapeutics, LLC, Wellstat BioCatalysis, LLC, Wellstat AVT Investment, LLC, Wellstat Biologics Corporation, Wellstat Management Company, LLC, Wellstat Ophthalmics Corporation, Wellstat Therapeutics Corporation, Wellstat Therapeutics EU Limited, Duck Farm, Inc., Hebron Valley Farms, Inc., HVF, Inc., Hyperion Catalysis EU Limited, NHW, LLC, and SJW Properties, Inc. and each other party to any Loan Documents as a guarantor, grantor, pledgor or loan party (collectively, the “Obligors”)

Reference is hereby made to that certain Amended and Restated Credit Agreement, dated as of August 15, 2013 (as amended, amended and restated, supplemented and/or otherwise modified from time to time (including pursuant to that certain Settlement and Mutual Release Agreement, dated as of August 11, 2020, by and among PDL and the Obligors party thereto), the “Credit Agreement”; capitalized terms used and not defined herein has the meanings set forth in the Credit Agreement), among Wellstat Diagnostics, LLC, as the Borrower, PDL BioPharma, Inc., as the Lender, and PDL BioPharma, Inc., as the Agent, and each of the other Documents delivered in connection therewith.

The undersigned, individually and in its capacities as Agent and as Lender, hereby releases, absolutely, unconditionally, irrevocably and forever, all security interests granted to the undersigned as Agent and/or as Lender under the Credit Agreement, any of the other Documents and any other agreements relating to any of them and any other lien granted to or held by the Agent and/or by the Lender upon any Collateral under the Credit Agreement, any of the other Documents and any other agreements relating to any of them (such security interests and liens, collectively, the “Security Interests”) and agrees that all of the Security Interests will be, and hereby are, forever discharged. 

The undersigned does hereby authorize each of the Obligors identified above and each of their respective agents and/or representatives and/or legal counsel to file Uniform Commercial Code termination statements in respect of any and all Uniform Commercial Code financing statements previously filed by or on behalf of the Agent and/or the Lender against any 

of the Obligors identified above under the Credit Agreement, any of the other Documents and any other agreements relating to any of them.

[Signature Page Follows] 

Dated:  _________________________

PDL BIOPHARMA INC., 
as the Agent and as the Lender and individually

By: ________________________________
       [Name, Title]

EXHIBIT D
(Form of Deed of Trust Release)

Prepared Outside the Commonwealth of Virginia
by and Return to:    

Arnold & Porter
250 West 55th Street                                                                            
New York, NY 10019
Attention:  Margaret Rogers, Esq.

TAX MAP NUMBERS:  

Hebron Valley Farms, Inc., Parcels: Rev. 31-44;  Rev. 31-45; Rev. 31-45A;  Rev. 31-47; Rev. 31-48; Rev. 31-48A; Rev. 39-74B; Rev. 39-74D; Rev. 39-74G; Rev. 40-1; Rev. 40-2; Rev. 40-3; Rev. 40-4; 40-5; Rev. 40-6; 40-Revised 6A; Rev. 40-6A; Rev. 40-8; 40-88D; 31-51C; 31-57B; 31-62A; 31-63; 31-64; 31-65; 31-Revised 49; Rev. 31-49; 31-66; 31-67; 31-72; 31-72A; 31-72B; 31-71 &71A; 31-36; Rev. 32-10; 32-13; 31-61; 31-68; 32-15; 32-16; 32-16A; 32-37A; 32-37B; 32-37M; 32-37N; 24-24B; 24-26; 24-26D; 24-26E; 31-53; 31-68C; 31-70; Rev. 31-43; 31-75; Rev. 31-42; Rev. 31-44A; 31-69; 31-73; 31-50; 31-62, and   

SJW Properties, Inc., Parcels: Rev. 31-56; Rev. 32-17; Rev. 32-20; Rev. 32-21; Rev. 32-21A; Rev. 32-22; Rev. 40-82; Rev. 40-82A; Rev. 40-82B, Rev. 40-82C and
HVF, Inc., Parcels: 24-25; 24-25A; 24-25B; 24-25C 24-25D; 24-25E; 24-25F; 24-25G, and
NHW, LLC, Parcel: 31-68A

CERTIFICATE AND AFFIDAVIT
 OF SATISFACTION

PLACE OF RECORD:           CLERK’S OFFICE OF THE CIRCUIT COURT OF MADISON, 
VIRGINIA

Date of Indebtedness/Deed of Trust: Dated as of March 20, 2013

Deed Book/Page:  
And/or Instrument #: Instrument #130000518

Face Amount Secured:  $40,000,000

Name(s) of Grantor(s)/Maker(s):       Hebron Valley Farms, Inc., a Virginia corporation, SJW Properties, Inc., a Virginia corporation, HVF, Inc., a Virginia corporation, and NHW, LLC, a Virginia limited liability company

Name(s) of Original Trustee(s):  Walker Title, LLC, a Virginia corporation

Name of Substitute Trustee(s):  Atlantic Trustee Services, L.L.C, a Virginia limited liability company pursuant to Substitution of Trustee recorded on March 15, 2017 at Instrument #170000348

Face Amount of Indebtedness: $40,000,000

I/WE, holder(s)of the indebtedness (the “Indebtedness”) secured by the deed of trust described above (the “Deed of Trust”), do hereby CERTIFY that the same has been PAID IN FULL, and the lien created and retained in the Deed of Trust is hereby released.  The undersigned also makes oath that: (a) the undersigned was the creditor and beneficiary under the Deed of Trust; (b) all of the Indebtedness secured by the Deed of Trust has been satisfied and paid in full; and (c) the undersigned was, when the Indebtedness was satisfied, the creditor and beneficiary under the Deed of Trust and entitled and authorized to receive the same.  The undersigned has subscribed its name in further testimony of the payment of the indebtedness.

GIVEN UNDER MY HAND THIS                       DAY OF                        .     2020

PDL BIOPHARMA, INC, a Delaware corporation   
By:                                                                                     
Name:  
Title:    

STATE OF _____________

CITY/COUNTY OF _____________; to-wit:

This Certificate and Affidavit of Satisfaction was acknowledged, subscribed and sworn to before me on (date) __________  ___ , 2020, by (name & title) _______________, as _______________ on behalf of (company name) PDL BioPharma, Inc., a Delaware corporation.

My commission expires:                                                                     

________________________________
                                                                                                Notary Public
SEAL

EXHIBIT E
(Forms of Patent Security Agreement Release)

RELEASE OF PATENT SECURITY AGREEMENT

This Release of Patent Security Agreement, dated as of __________ ____, 202__ (the “Release”) is made by PDL BioPharma, Inc., a Delaware corporation (individually and in its capacity as Agent for itself and the Lender pursuant to the Security Agreement (as defined below), together with its successors and assigns, the “Secured Party”), in favor of [NAME OF GRANTOR], a [STATE AND TYPE OF ORGANIZATION] (the “Grantor”) and its successors, assigns and legal representatives.  

WHEREAS, Grantor is a party to that certain Security Agreement, dated as of [_____________] (as amended, amended and restated, restated, supplemented or otherwise modified from time to time, the “Security Agreement”) in favor of Secured Party pursuant to which the Grantor was required to enter into and execute the Patent Security Agreement, dated as of [_____________] (the “Patent Security Agreement”), which was recorded with the United States Patent and Trademark Office at Reel: [_____], Frame: [_____] on [_____________]; 

WHEREAS, pursuant to the Security Agreement and the Patent Security Agreement, the Grantor granted to the Secured Party a security interest and continuing lien on all of such Grantor’s right, title and interest in, to and under all of the Patent Collateral (as defined below) of Grantor; and

WHEREAS, the Grantor has requested that the Secured Party enter into this Release in order to effectuate, evidence and record the release and reassignment to the Grantor of any and all right, title and interest the Secured Party may have in the Patent Collateral. 

NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Secured Party hereby agrees as follows:

SECTION 1.    Definitions.  Unless otherwise defined herein, capitalized terms used but not expressly defined herein shall have the meanings given to them in the Security Agreement.   
 
SECTION 2.    Release of Security Interest.  Secured Party hereby releases and terminates the Patent Security Agreement and releases, terminates, and discharges its security interests under the Patent Security Agreement and under the Security Agreement in all of Grantor’s right, title and interest in, to and under all United States and foreign patents and certificates of invention, or similar industrial property rights, including, but not limited to each patent referred to on Exhibit A hereto, and with respect to any and all of the foregoing: (a) all applications therefor including the patent applications referred to on Exhibit A hereto, (b) all reissues, divisions, continuations, continuations-in-part, extensions, renewals, and reexaminations thereof, (c) all rights corresponding thereto throughout the world, (d) all inventions and improvements described therein, (e) all rights to sue for past, present and future infringements thereof, (f) all licenses, claims, damages, and proceeds of suit arising therefrom, and (g) all proceeds, payments and rights to payments arising out of the sale, lease, license, 

assignment, or other disposition thereof (collectively, the “Patent Collateral”), and hereby reassigns any and all interest that it may have therein to the Grantor.

SECTION 3.    Filing of the Release.  Secured Party hereby authorizes the filing of this Release in the United States Patent and Trademark Office by the Grantor or its designees, at Grantor’s sole cost and expense.

SECTION 4.    Electronic Transmission.  This Release may be executed and delivered by facsimile or other means of electronic transmission (including .pdf) and such transmission shall constitute an original for all purposes.

SECTION 5.    Governing Law. This Release and any claim, controversy, dispute or cause of action (whether in contract or tort or otherwise) based upon, arising out of or relating to this Release and the transactions contemplated hereby shall be governed by, and construed in accordance with, the laws of the United States and the State of New York, without giving effect to any choice or conflict of law provision or rule (whether of the State of New York or any other jurisdiction).

[Signature page follows]

IN WITNESS WHEREOF, Secured Party has caused this Release to be duly executed and delivered by its officer thereunto duly authorized as of the date first above written.

PDL BioPharma, Inc., as Secured Party 

By:                                                                              
Name:   
Title:  

EXHIBIT F
(Forms of Trademark Security Agreement Release)

RELEASE OF TRADEMARK SECURITY AGREEMENT

This Release of Trademark Security Agreement, dated as of __________ ____, 202__ (the “Release”) is made by PDL BioPharma, Inc., a Delaware corporation (individually and in its capacity as Agent for itself and the Lender pursuant to the Security Agreement (as defined below), together with its successors and assigns, the “Secured Party”), in favor of [NAME OF GRANTOR], a [STATE AND TYPE OF ORGANIZATION] (the “Grantor”) and its successors, assigns and legal representatives.  

WHEREAS, Grantor is a party to that certain Security Agreement, dated as of [_____________] (as amended, amended and restated, restated, supplemented or otherwise modified from time to time, the “Security Agreement”) in favor of Secured Party pursuant to which the Grantor was required to enter into and execute the Trademark Security Agreement, dated as of [_____________] (the “Trademark Security Agreement”), which was recorded with the United States Trademark and Trademark Office at Reel: [_____], Frame: [_____] on [_____________]; 

WHEREAS, pursuant to the Security Agreement and the Trademark Security Agreement, the Grantor granted to the Secured Party a security interest and continuing lien on all of such Grantor’s right, title and interest in, to and under all of the Trademark Collateral (as defined below) of Grantor; and

WHEREAS, the Grantor has requested that the Secured Party enter into this Release in order to effectuate, evidence and record the release and reassignment to the Grantor of any and all right, title and interest the Secured Party may have in the Trademark Collateral. 

NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Secured Party hereby agrees as follows:

SECTION 1.    Definitions.  Unless otherwise defined herein, capitalized terms used but not expressly defined herein shall have the meanings given to them in the Security Agreement.  
  
SECTION 2.    Release of Security Interest.  Secured Party hereby releases and terminates the Trademark Security Agreement and releases, terminates, and discharges its security interests under the Trademark Security Agreement and under the Security Agreement in all of Grantor’s right, title and interest in, to and under all United States, State and foreign trademarks, service marks, collective marks, trade names, corporate names, d/b/as, business names, fictitious business names, Internet domain names, trade styles, logos, other source or business identifiers, designs and general intangibles of a like nature and, with respect to any of the foregoing: (i) all registrations and applications therefor including, but not limited to, the registrations and applications referred to on Exhibit A hereto, and with respect to any and all of the foregoing, (ii) the goodwill of the business symbolized thereby, (iii) all rights corresponding thereto throughout the world, (iv) all rights to sue for past, present, and future infringement or 

dilution thereof or for any injury to goodwill, (v) all licenses, claims, damages, and proceeds of suit arising therefrom and (vi) all payments and rights to payments arising out of the sale, lease, license assignment or other disposition thereof (collectively, the “Trademark Collateral”), and hereby reassigns any and all interest that it may have therein to the Grantor.

SECTION 3.    Filing of the Release.  Secured Party hereby authorizes the filing of this Release in the United States Trademark and Trademark Office by the Grantor or its designees, at Grantor’s sole cost and expense.

SECTION 4.    Electronic Transmission.  This Release may be executed and delivered by facsimile or other means of electronic transmission (including .pdf) and such transmission shall constitute an original for all purposes.

SECTION 5.    Governing Law.  This Release and any claim, controversy, dispute or cause of action (whether in contract or tort or otherwise) based upon, arising out of or relating to this Release and the transactions contemplated hereby shall be governed by, and construed in accordance with, the laws of the United States and the State of New York, without giving effect to any choice or conflict of law provision or rule (whether of the State of New York or any other jurisdiction).

[Signature page follows]

IN WITNESS WHEREOF, Secured Party has caused this Release to be duly executed and delivered by its officer thereunto duly authorized as of the date first above written.

PDL BioPharma, Inc., as Secured Party 
By:                                                                              
Name:   
Title:  

EXHIBIT G
(Form of Asset Transfer Agreement)

[See attached.]

ASSET TRANSFER AGREEMENT

This ASSET TRANSFER AGREEMENT (together with all exhibits, schedules and other documents attached hereto, this “Agreement”) dated as of August 11, 2020 is made by and between DEFINED DIAGNOSTICS, LLC (F/K/A WELLSTAT DIAGNOSTICS LLC), a Delaware limited liability company (“Transferee”), and PDL BIOPHARMA, INC., a Delaware corporation (“Transferor”).
RECITALS

A.        Transferor and Transferee were parties to that certain Asset Purchase Agreement, dated as of December 22, 2015, as amended by that certain Amendment No. 1 to Asset Purchase Agreement, dated as of May 24, 2017, (as amended, the “Receivership APA”), pursuant to which Transferor acquired certain assets from Transferee (the “Receivership Assets”) and assumed certain liabilities of Transferee on May 24, 2017.

B.        Transferor and Transferee are parties to that certain Settlement Agreement, dated as of the date hereof (the “Settlement Agreement”), pursuant to which the parties thereto agreed to permanently settle, compromise and resolve the claims and causes of action set forth therein.

C.        The Settlement Agreement provides that, if certain payments are made by the Wellstat Parties (as defined in the Settlement Agreement) to Transferor in accordance with the terms of the Settlement Agreement, then Transferee’s assets acquired by Transferor through the Receivership APA, as they exist as of the date hereof, shall be transferred by Transferor to Transferee on an “AS IS” AND “WHERE IS” basis, except for the representations and warranties set forth in Section 3.7 hereof.

D.        Simultaneously with the execution hereof, Transferor has delivered to the Escrow Agent (as defined in the Settlement Agreement) the following:  (i) a duly executed bill of sale and assignment, substantially in the form attached hereto as Exhibit A; (ii) a duly executed intellectual property assignment agreement for Intellectual Property other than Patents, substantially in the form attached hereto as Exhibit B; (iii) a duly executed  patent assignment agreement, substantially in the form attached hereto as Exhibit C; (iv) duly executed Patent Security Agreement Releases (as such term is defined in the Settlement Agreement) and (v) duly executed Trademark Security Agreement Releases (as such term is defined in the Settlement Agreement) (the document set forth in (i), (ii), (iii) and the Patent Security Agreement Releases and Trademark Security Agreement Releases relating solely to Diagnostics, the “Transaction Documents”).

E.         Accordingly, subject to the terms and conditions of this Agreement, Transferor desires to transfer to Transferee, and Transferee desires to accept from Transferor, all of the Transferred Assets.
AGREEMENT

For and in consideration of the premises, mutual covenants and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged and agreed, and intending to be legally bound, the parties agree as follows:

ARTICLE I

DEFINITIONS

1.1    As used in this Agreement, capitalized terms shall have the meanings set forth or referenced in Exhibit 1.1 or elsewhere herein.

ARTICLE II

ASSETS AND LIABILITIES

2.1    Transfer of Assets.  Upon the terms and subject to the conditions of this Agreement, at the Closing, Transferor shall sell, assign, transfer, convey and deliver to Transferee, free and clear of all Liens, other than ATA Permitted Liens, and Transferee agrees to purchase and acquire all right, title and interest of Transferor in and to the following assets, properties and rights (the “Transferred Assets”) on an “AS IS” AND “WHERE IS” basis without any express or implied warranty of any kind or nature, except for the representations and warranties set forth in Section 3.7 hereof:

(a)Receivership Assets.  Receivership Assets (other than (i) those Intellectual Property assets described as having been abandoned by Transferor or that have expired prior to the date hereof in Schedule 2.1(a)(i) or Schedule 2.1(a)(ii), (ii) the Elected Excluded Assets (as defined below) and (iii) those tangible assets which, as of the date hereof, no longer physically exist), including, without limitation, all right, title and interest of Transferor in and to the following assets, properties and rights:

(i)Assets.  All of the assets described on Schedule 2.1(a)(i); and

(ii)Assumed Contracts.  All Intellectual Property and other rights (and all obligations) in, to and under the agreements relating to the Transferred Assets and listed on Schedule 2.1(a)(ii) (the “Assumed Contracts”), subject to the terms and conditions of such Assumed Contracts and this Article II, and provided that, as set forth in Section 2.8, no Assumed Contract shall be subject to transfer hereunder unless any and all Third Party consents required under such Assumed Contract have been obtained before Closing.

(b)Records.  Assignable books, records, files, data, financial statements or other information directly related to title in and to the Transferred Assets which are in Transferee’s possession or control.

2.2    Excluded Assets.  The Transferred Assets shall include only those assets described in Section 2.1, but, notwithstanding the foregoing, shall exclude all of the following property (collectively, the “Excluded Assets”):

(a)Benefit Plans.  All rights in connection with, and assets of, the employee benefit plans of Transferor;

(b)Employees.  All employees of Transferor;

(c)Corporate Documents.  All minute books, stock books and Tax Returns of Transferor;

(d)Claims.  Any claims, counterclaims and rights of offset solely against Liabilities not assumed by Transferee;

(e)Rights under this Agreement.  All rights of Transferor under this Agreement, the Transaction Documents and the Settlement Agreement;

(f)Stock.  The shares of capital stock of Transferor;

(g)Insurance.  All insurance policies, except for proceeds and returns of premiums received by Transferor relating to the Transferred Assets prior to Closing;

(h)Excluded Contracts.  All Contracts of Transferor, other than the Assumed Contracts (collectively, the “Excluded Contracts”).  For the avoidance of doubt, the Settlement Agreement is an Excluded Contract;

(i)Personnel Records.  All personnel records and other records that Transferor is required by law to retain in its possession;

(j)Phone Numbers and Email Addresses.  All phone numbers and email addresses owned by a party other than Transferor, and all information assets or other property owned by a party other than Transferor; 

(k)Elected Excluded Assets. Any Receivership Assets identified by Transferee in writing to Transferor prior to the Closing (such assets, the “Elected Excluded Assets”); and

(l)Nonexistent Assets.  Any tangible Receivership Asset which, as of the date hereof, no longer physically exists.

2.3    Assumed Liabilities.  In addition to any other amounts to be paid by Transferee as provided in Section 2.5 hereof, upon the terms and subject to the conditions of this Agreement, at Closing, Transferee shall assume and thereafter pay, perform, satisfy and fully discharge when due, and shall hold Transferor harmless from, any and all liabilities and obligations of Transferor arising after the Closing Date with respect to the Transferred Assets, including those arising under or out of the Assumed Contracts (collectively, the “Assumed Liabilities”).

2.4    Excluded Liabilities.  The Excluded Liabilities shall remain the sole responsibility of Transferor and shall be retained, paid, performed and discharged solely by Transferor.  Transferee will not assume or be liable for any Excluded Liability.  “Excluded Liabilities” means all Liabilities of Transferor other than Assumed Liabilities, including, for the avoidance of doubt, (a) all Liabilities arising prior to the Closing out of, or relating to or with respect to, (i) the employment or performance of services, or termination of employment or services, of any individual by Transferor, (ii) workers’ compensation claims against Transferor or (iii) any 

employee benefit plans of Transferor; (b) all Liabilities in respect of any pending or threatened Action or other claim, (c) fees and expenses payable by Transferor in accordance with Section 7.3, (d) all Transferor Taxes; and (e) all Liabilities under the Excluded Contracts.

2.5    Consideration.  The Transferred Assets are being transferred for and in consideration of the premises, mutual covenants and agreements contained herein and in the Settlement Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged and agreed. The parties agree that the value of the consideration set forth in the foregoing sentence is $4,500,000 (the “Allocated Consideration”), of which $500,000 is the value given for all tangible Transferred Assets and $4,000,000 is the value given for all intangible Transferred Assets; provided that, in the event that BioVeris exercises its right to acquire the License Agreement by and between Transferor (as successor in interest of Transferee) and BioVeris dated as of June 26, 2007 (the “ECL License”) pursuant to Section 12.2(b) thereof, the Allocated Consideration shall be reduced by any amount paid by BioVeris to Transferor for such acquisition. 

2.6    “AS IS” and “WHERE IS” Basis.  Notwithstanding anything to the contrary in this Agreement other than the representations and warranties set forth in Section 3.7 hereof, Transferee acknowledges and agrees that the Transferred Assets are being transferred on an “AS IS” and “WHERE IS” basis and neither Transferor nor its agents or representatives makes, or has made, any representations or warranties whatsoever, express or implied, including any representations or warranties of merchantability, fitness for a particular purpose, non-infringement, system integration, or accuracy or completeness of informational content and, in the case of Intellectual Property, of subsistence, validity or enforceability.

2.7    Closing.

(a)Place and Time.  The closing of the transactions contemplated by this Agreement (the “Closing”) shall take place as soon as possible, but not later than within two (2) Business Days, following confirmation by Escrow Agent to the Wellstat Parties and Transferor that it has received a Federal Reference Number on its wire transfer of the payments that the Wellstat Parties made or caused to be made to the Escrow Agent in accordance with Sections 5(a) or 5(b) or 5(c) of the Settlement Agreement; provided that, if prior to such date, there has been an Inspection Failure (as defined in Section 5.9) and the Transferor, Transferee and the Wellstat Parties have jointly notified the Escrow Agent in writing of such failure, the Closing shall be delayed until the earlier of the date that is (i)  ten (10) Business Days following the date Transferor, Transferee and the Wellstat Parties provide joint notification to the Escrow Agent that the Inspection Failure has been remedied  and (ii) thirty (30) days after confirmation by Escrow Agent to the Wellstat Parties and Transferor that it has received such Federal Reference Number (the date upon which the Closing occurs and the Escrow Agent releases the Transaction Documents in accordance with Section 2.7(a) hereof, the “Closing Date”).  The Closing shall take place by electronic exchange of all relevant documentation.  The Closing shall be effective at 12:01 a.m., Eastern Time, on the Closing Date.

(b)Deliverables.  On the Closing Date, the Escrow Agent shall release to the Transferee the Transaction Documents dated as of the date of such release.

2.8    Third-Party Consents.  Notwithstanding anything to the contrary in this Agreement, this Agreement shall not constitute an agreement to transfer any Transferred Asset, or any claim, right or benefit arising under or resulting from a Transferred Asset, if such transfer or attempt to make such transfer, without the consent or approval of a Third Party, would constitute a breach or violation thereof or affect adversely the rights of Transferor thereunder; and no action under this Agreement shall constitute a transfer of such Transferred Asset in the absence of such consent or approval.  Transferor and Transferee shall give reasonably prompt notice to the other party of any written notice from any Third Party alleging that the consent of such Third Party is or may be required in connection with the transactions contemplated by this Agreement.  To the extent any asset, property or right that would otherwise constitute a Transferred Asset is not transferred as provided above, Transferee and Transferor shall use commercially reasonable efforts to enter into arrangements to provide Transferee with substantially all of the benefits and burdens (or economic equivalents) relating to such assets, properties and rights.  After Closing, Transferee shall use reasonable best efforts to obtain as soon as practicable such consents or approvals (and the release of Transferor from any Liabilities related thereto) and Transferor shall cooperate with Transferee in such efforts.

2.9    Further Conveyances and Assumptions.  Transferor and Transferee shall execute, acknowledge and deliver such further instruments, and take such further actions as may be reasonably necessary or appropriate to transfer the Transferred Assets to Transferee and to effect the assumption of the Assumed Liabilities by Transferee under this Agreement and to otherwise make effective the transactions contemplated hereby.

2.10    Asset Schedules.  For the avoidance of doubt, all Receivership Assets (other than (i) those Intellectual Property assets described as having been abandoned by Transferor or that have expired prior to the date hereof in Schedule 2.1(a)(i) or Schedule 2.1(a)(ii), (ii) the Elected Excluded Assets and (iii) those tangible assets which, as of the date hereof, no longer physically exist) are Transferred Assets.  Schedules 2.1(a)(i) and 2.1(a)(ii) hereof are meant to assist the parties in identifying such assets, but the omission of a Receivership Asset which is not an Excluded Asset from such schedules shall not affect the status of such asset as a Transferred Asset and the inclusion of an Excluded Asset on such schedules shall not affect the status of such asset as an Excluded Asset. Transferor makes no representation or warranty to Transferee with respect to the accuracy or completeness of Schedules 2.1(a)(i) and 2.1(a)(ii).

ARTICLE III

LIMITED REPRESENTATIONS AND WARRANTIES OF TRANSFEROR

Transferor hereby represents and warrants to Transferee as of the date hereof and as of the Closing, as follows:

3.1    Existence.  Transferor is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware.

3.2    Corporate Power and Authority.  Transferor has full corporate power and authority to enter into this Agreement and perform its obligations hereunder.  The execution and delivery of 

this Agreement, the performance by Transferor of its obligations hereunder and the consummation of the transactions contemplated herein have been duly authorized by all corporate actions on the part of Transferor and its stockholders required by applicable Law and its constituent documents.  This Agreement constitutes the legal, valid and binding obligation of Transferor, enforceable against it in accordance with its terms, except as enforcement may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar Laws affecting creditors’ rights generally and by general principles of equity (regardless of whether considered in a proceeding in equity or at law).

3.3    No Violation.  Neither the execution and delivery of this Agreement nor the performance by Transferor of its obligations hereunder nor the consummation of the transactions contemplated hereby will (a) contravene any provision of the organizational or governing documents of Transferor; (b) violate, be in conflict with, constitute a default under, permit the termination of, require the consent of any other party to, or constitute a breach of any mortgage, indenture, lease, contract, agreement, instrument or commitment to which Transferor is a party or by which Transferor, or any of its assets or properties may be bound; or (c) to Transferor’s knowledge, violate any Law or Order to which Transferor is subject or by which Transferor, or any of the Transferred  Assets are bound, except in the case of Sections 3.3(b) and (c) as would not reasonably be expected to have, individually or in the aggregate, a material adverse effect on Transferor’s ability to consummate the transactions contemplated hereby.

3.4    Governmental Authorization.  Neither the execution, delivery nor performance by Transferor of this Agreement requires any consent, approval, license or other action by or in respect of, or registration, declaration or filing with, any Governmental Authority. 

3.5    Litigation.  As of the date hereof, to Transferor’s knowledge there is no pending Action, litigation, mediation, arbitration or other legal or administrative proceeding pending or threatened against Transferor which seeks to condition or prohibit the transactions contemplated hereby.

3.6    Brokers or Finders’ Fees.  Transferor has not incurred any obligation or liability, contingent or otherwise, for brokerage or finders’ fees or agents’ commissions or other similar payment in connection with this Agreement, or the transactions contemplated hereby, for which Transferee is or will become liable.

3.7    Title; Absence of Liens.  As of the date hereof and through the Closing Date, Transferor has not assigned or transferred to any third party any interests in the Transferred Assets.  Other than ATA Permitted Liens, the title to the Transferred Assets is not subject to any Liens, security interests, rights or licenses granted by Transferor. 

ARTICLE IV

REPRESENTATIONS AND WARRANTIES OF TRANSFEREE

Transferee hereby represents and warrants to Transferor as of the date hereof and as of the Closing, as follows:

4.1    Existence.  Transferee is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Delaware.  

4.2    Power and Authority.  Transferee has all requisite power and authority to enter into this Agreement and perform its obligations hereunder.  The execution and delivery of this Agreement, the performance by Transferee of its obligations hereunder and the consummation of the transactions contemplated herein have been duly authorized by all organizational actions on the part of Transferee required by applicable Law and its constituent documents.  This Agreement constitutes the legal, valid and binding obligation of Transferee, enforceable against it in accordance with its terms, except as enforcement may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar Laws affecting creditors’ rights generally and by general principles of equity (regardless of whether considered in a proceeding in equity or at law).

4.3    No Violation.  Neither the execution and delivery of this Agreement nor the performance by Transferee of its obligations hereunder nor the consummation of the transactions contemplated hereby will (a) contravene any provision of the organizational or governing documents of Transferee; (b) violate, be in conflict with, constitute a default under, permit the termination of, require the consent of any other party to, or constitute a breach of any mortgage, indenture, lease, contract, agreement, instrument or commitment to which Transferee is a party or by which Transferee, or any of its assets or properties may be bound; or (c) to Transferee’s knowledge, violate any Law or Order to which Transferee is subject or by which Transferee, except in the case of Sections 4.3(b) and (c) as would not reasonably be expected to have, individually or in the aggregate, a material adverse effect on Transferee’s ability to consummate the transactions contemplated hereby.

4.4    Governmental Authorization.  Neither the execution, delivery nor performance by Transferee of this Agreement requires any consent, approval, license or other action by or in respect of, or registration, declaration or filing with, any Governmental Authority.

4.5    Brokers or Finders’ Fees.  Neither Transferee nor any of its Affiliates has incurred any obligation or liability, contingent or otherwise, for brokerage or finders’ fees or agents’ commissions or other similar payment in connection with this Agreement, or the transactions contemplated hereby, for which Transferor is or will become liable.

4.6    No Consents.  No filing with, or consent, waiver, approval or authorization of, or notice to, any Governmental Authority or any other Person is or will be required to be made or obtained by Transferee in connection with the execution and delivery of this Agreement or any other document or instrument contemplated hereby or thereby, the consummation of any of the transactions contemplated hereby or thereby or the performance of any of its obligations hereunder or thereunder that have not been obtained by Transferee.

4.7    Litigation.  As of the date hereof, there is no Action pending or, to Transferee’s knowledge, threatened in, by or before any Governmental Authority that would, individually or in the aggregate, have a material adverse effect on Transferee’s ability to consummate the transactions contemplated by this Agreement or perform its obligations hereunder.

4.8    Investigation.  In entering into this Agreement, Transferee has relied upon its own investigation and analysis and the representations and warranties contained in Article III and those expressly set forth in the agreements between Transferor and Transferee entered into in connection herewith  and Transferee acknowledges that neither Transferor nor any of its Affiliates makes or has made any other representation or warranty, either express or implied, as to the accuracy or completeness of any of the information provided or made available to Transferee or any of its Affiliates, and Transferee has not relied on any other such representation or warranty made or claimed to have been made by Transferor.

ARTICLE V

COVENANTS

5.1    Conduct of the Business.

(a)Transferor agrees that during the period from the date hereof until the earlier of the Closing or the termination of this Agreement, except as expressly provided in Section 5.1(b) hereof, or consented to by Transferee in writing (which consent shall not be unreasonably withheld or delayed), Transferor shall:

(i)at its own expense, take reasonable steps to maintain and protect the tangible Transferred Assets as they exist at the Effective Date against loss, theft, destruction, breakage or falling into disrepair (normal wear and tear excepted), it being understood and agreed by Transferor and Transferee that tangible Transferred Assets are held and maintained at the Facilities pursuant to storage facility agreements and that Transferor’s obligations under this Section 5.1(a)(i) as they relate to such tangible assets shall be satisfied (x) if Transferor complies with those terms and conditions of such agreements, including the continued payment of the Facilities’ fees, which, if breached, would reasonably be expected to have a material adverse effect on any Transferred Asset and (y) if, upon notice to Transferor of the occurrence of an event (other than a breach of the storage facility agreements) that has resulted in, or which could reasonably be expected to result in, the loss, theft, destruction or breakage of assets, Transferor takes all actions reasonably necessary to mitigate any such loss, theft, destruction or breakage; provided that, Transferor shall not be obligated to continue mitigation if it has incurred costs in connection therewith in excess of $5,000 if Transferor informs Transferee of the event and expected cost of mitigation and allows Transferee to continue mitigation efforts at Transferee’s sole cost and expense; and

(ii)not (x) amend or terminate (prior to its expiration) any Assumed Contract or (y) grant any interest in or license to use any of the Transferred Assets to any Third Party, other than the interest, if any, that Transferor may be required to grant to BioVeris in connection with the Purchase Right (as such term is defined in the ECL License) and not to modify or terminate the ECL License. 

(b)During the period from the date hereof until the earlier of the Closing or the termination of this Agreement, Transferor shall provide prompt written notice to Transferee of any communications it receives relating to required filings, or renewal or maintenance fees to be paid for Transferred Assets which constitute Patents or Registered Trademarks or applications to register Trademarks.  Transferor shall have no obligation to maintain or protect any Patents, Trademarks or other Intellectual Property. Transferee may, in its sole discretion and  sole expense, maintain and protect the Transferred Assets which constitute Intellectual Property. In furtherance of the foregoing, during the period from the date hereof until the earlier of the Closing or the termination of this Agreement, the Wellstat Parties may make any filings they reasonably deem necessary or appropriate to protect against expiration or abandonment of such Transferred Assets for failure to pay renewal or maintenance fees or to prosecute, at the Wellstat Parties’ sole expense.  In connection with any such filings, Transferor will use commercially reasonable efforts to cooperate, to the extent reasonably necessary to permit the Wellstat Parties to make any such filings. 

5.2    Commercially Reasonable Efforts.  Prior to Closing, upon the terms and subject to the conditions provided herein, each of the parties hereto agrees to use its commercially reasonable efforts to take or cause to be taken all actions, to do or cause to be done, and to assist and cooperate with any party hereto in doing all things necessary, proper or advisable under applicable Laws and regulations to consummate and make effective, in the most expeditious manner practicable, the transactions contemplated by this Agreement, including, without limitation:  (a) the obtaining of consents, waivers or approvals of Third Parties to transfer the Transferred Assets which, if not obtained, would constitute a breach or violation of the agreements between Transferor and such parties or which would adversely affect the rights of Transferor relating to such assets, provided, however, that none of the parties hereto shall be obliged to make any payment to Third Parties for obtaining such consents, waivers or approvals; and (b) the execution and delivery of such instruments, and the taking of such other actions as the other party hereto may reasonably require in order to carry out the intent of this Agreement.  Prior to the Closing, Transferor and Transferee agree to use their commercially reasonable efforts to cause Third Parties to Assumed Contracts to release Transferor from all Liabilities relating to the Assumed Contracts upon their assignment to Transferee; provided, however, that none of the parties hereto shall be obliged to make any payment to Third Parties for obtaining any such release.

5.3    Governmental Authorization.  Transferor, on the one hand, and Transferee, on the other hand, shall promptly file all necessary registrations and filings required by any Governmental Authority in order to consummate the transactions contemplated hereby.  Each of Transferee and Transferor further agrees that it will comply with any applicable post-Closing notification or requirements of any antitrust, trade competition, investment or control reporting or similar Law or regulation of any Governmental Authority with competent jurisdiction.  Each of Transferee and Transferor agrees to cooperate with and promptly consult with, to provide any reasonably available information with respect to, and to provide, subject to appropriate confidentiality provisions, copies of all presentations and filings to any Governmental Authority to, Transferor or Transferee, as the case may be, or the counsel of Transferor or Transferee, as the case may be.

5.4    Confidentiality.  The parties hereto agree that the terms and conditions of Section 28 (Confidentiality) of the Settlement Agreement are incorporated herein by reference and that the parties hereto shall be bound by such terms and conditions.

5.5    Public Announcements.  No press release or announcement concerning the transactions contemplated hereby shall be issued by Transferee or Transferor or any of their Affiliates without the prior consent of the other party hereto, except as such press release or announcement may be required by Law, rule or regulation.

5.6    Certain Tax Matters.  The following provisions shall govern the allocation of responsibility as between Transferee and Transferor for certain tax matters following the Closing Date:

(a)Transfer Taxes and Costs.  All transfer, sales, use, value added, stamp, recording, registration, excise, or other similar Taxes and any notarial fees incurred in connection with (i) the transfer of any of the Transferred Assets pursuant to this Agreement or the Transaction Documents, (ii) the delivery of this Agreement or any of the Transaction Documents, and (iii) the consummation of any of the transactions contemplated by this Agreement or any of the Transaction Documents (collectively, “Transfer Taxes”), shall be borne in their entirety by Transferee.  Transferee shall timely pay all such Transfer Taxes, and file all applicable filings, reports and returns related to such Transfer Taxes that Transferee is required to file under applicable Law, and Transferor shall reasonably cooperate with Transferee in connection therewith.

(b)Prorations.  All real and personal property taxes and similar ad valorem obligations imposed on a periodic basis, in each case levied with respect to the Transferred Assets for a taxable period which includes (but does not end on) the Closing Date, shall be apportioned between Transferor and Transferee as of the Closing Date based on the number of days in such taxable period prior to and including the Closing Date (the “Pre-Closing Period”) and the number of days in such taxable period following the Closing Date (the “Post-Closing Period”).  Transferor shall be liable for the proportionate amount of such taxes that is attributable to the Pre-Closing Period and Transferee for the proportionate amount of such taxes that is attributable to the Post-Closing Period.  Within ninety (90) days after the Closing, Transferor and Transferee shall present a reimbursement to which each is entitled under this Section 5.6(b) together with such supporting evidence as is reasonably necessary to calculate the proration amount.  The proration amount shall be paid by the party owing it to the other within ten (10) days after delivery of such statement.  In the event that either Transferor or Transferee shall thereafter make a payment for which it is entitled to reimbursement under this Section 5.6(b), the other party shall make such reimbursement (to the extent not already made pursuant to this Section 5.6(b)) promptly but in no event later than thirty (30) days after the presentation of a statement setting forth the amount of reimbursement to which the presenting party is entitled along with such supporting evidence as is reasonably necessary to calculate the amount of reimbursement.  Any payment required under this Section 5.6(b) and not made within five (5) Business Days after its due date shall bear interest at the rate per annum determined, from time to time, under the provisions of Section 6621(a)(2) of the Code for each day until paid.

5.7    Delivery of Tangible Transferred Assets.  As soon as reasonably possible after the Closing, Transferee shall, at its own expense, take delivery of any tangible property included in the Transferred Assets located in Transferor’s storage facilities with JK Moving Services at 44112 Mercure Circle, Sterling, Virginia 20166, Precision BioServices, Inc. at 8425 Progress Drive, Suite M, Frederick, Maryland 21701 and Iron Mountain at 1000 Campus Drive, Collegeville, Pennsylvania 19426 (each such storage facility, a “Facility”); provided that, if Transferee does not take delivery of such assets within 30 calendar days after the Closing, Transferee shall be responsible for all storage costs for such assets until they are removed by Transferee (which delivery shall occur as soon as reasonably possible).  Transferee shall be solely responsible for loading and shipping such tangible Transferred Assets, and for insuring the same during and after shipping.  Any damage to the Transferred Assets or to Transferor’s facilities resulting from such removal shall be paid by Transferee to Transferor promptly after notice is received by Transferee from Transferor as to the amount of such damages.

5.8    BioVeris Waiver.  Within five (5) Business Days after the Effective Date, Transferor shall provide to BioVeris the Negotiation Notice (as such term is defined in the ECL License).  Such notice will also request that BioVeris waive its rights set forth in Section 12.2(b) of the ECL License.  Transferor shall not be required to pay anything to BioVeris to obtain such waiver.  If Transferor fails to obtain such waiver within thirty (30) days following receipt of the Negotiation Notice by BioVeris, and Transferor and BioVeris negotiate, but are unable to agree on price and all other relevant transaction terms for BioVeris to acquire the ECL License from Transferor, Transferor shall deliver to BioVeris a Purchase Notice (as such term is defined in the ECL).  The Transferor and Transferee hereby agree that the purchase price for the ECL License to be included in the Purchase Notice shall be $1,000,000.  A draft of the Purchase Notice shall be provided to Transferee for review prior to delivery to BioVeris.  

5.9    Right to Inspect.  

(a)Transferor shall be entitled to one visit per Facility to inspect the Transferred Assets located therein, in accordance with the terms of this Section 5.9.  For each Facility, Transferee shall provide notice to Transferor of three possible different dates (specifying the time for the inspection on such date), each occurring Monday through Friday, 9:00am ET to 5:00pm ET, the earliest date of which shall be at least seven days after delivery of such notice.  Transferor shall at least two (2) days prior to the earliest date, select one of those three dates and shall grant authorization to permit Transferee access to such Facility on such date.  Transferor shall have the right to have a representative present at such Facility visit; however, for the avoidance of doubt, the presence of a representative of Transferor shall not be required for Transferee to enter the Facility at the date and time selected by Transferor in accordance herewith.  If a Facility refuses to permit access on the date and time selected by Transferee and Transferor, a new date and time shall be selected by Transferee and Transferor in accordance with the terms hereof. 

(b)If Transferee has been unable to visit a Facility prior to the date the Escrow Agent confirms to the Wellstat Parties and Transferor that it has received a Federal Reference Number on its wire transfer of the payments that the Wellstat Parties made or caused to be made to the Escrow Agent in accordance with Sections 5(a) or 5(b) or 5(c) of the Settlement Agreement due to reasons beyond Transferee’s or Transferor’s control (such failed visit, an “Inspection 

Failure”), Transferor and Transferee shall, and Transferee shall cause the Wellstat Parties to, jointly notify the Escrow Agent in writing of such failure. When the reason for such inability has resolved, Transferor and Transferee shall cooperate in good faith to select a time and date as soon as reasonably possible to allow Transferee to conduct the missed inspection.  Transferor shall have the right to have a representative present at such Facility visit; however, for the avoidance of doubt, the presence of a representative of Transferor shall not be required for Transferee to enter the Facility at the date and time selected by the parties in accordance herewith.  Upon completion of all such missed inspections, the Transferor and Transferee shall, and Transferee shall cause the Wellstat Parties to, promptly provide joint notification to the Escrow Agent that the Inspection Failure has been remedied. 

5.10    Removal of ATA Permitted Liens.  After the Closing, Transferor shall promptly take all actions necessary to cause all Liens described in subsections (a) and (b) of the definition of ATA Permitted Liens, if any, on the Transferred Assets as of the Closing Date to be removed.

ARTICLE VI

TERMINATION

6.1    Termination.  Notwithstanding anything herein to the contrary, this Agreement:

(a)will terminate automatically upon the termination of the Settlement Agreement at any time prior to the Closing;

(b)will terminate automatically if the Wellstat Parties fail to make or cause to be made payment of the Total Settlement Amount Balance (as defined in the Settlement Agreement) by the Final Payment Date (as defined in the Settlement Agreement); 

(c)may be terminated by the mutual written consent of Transferor and Transferee at any time prior to the Closing;

(d)may be terminated by written notice of Transferor or Transferee if a final nonappealable order, writ, judgment, injunction, decree, stipulation, ruling, determination or award entered by or with any Governmental Authority or other nonappealable final action by a Governmental Authority permanently enjoining, restraining or otherwise prohibiting the Closing has been issued by a Governmental Authority of competent jurisdiction;

(e)may be terminated by written notice of Transferee delivered on or prior to the Closing Date, without prejudice to any rights or obligations Transferee may have, if Transferor shall have materially breached any representation or warranty contained herein or breached any agreement or covenant contained herein to be performed on or prior to the Closing Date and such breach shall not be cured within ten (10) days following receipt by Transferor of a notice describing in reasonable detail the nature of such breach; and

(f)may be terminated by written notice of Transferor delivered on or prior to the Closing Date, without prejudice to any rights or obligations Transferor may have, if Transferee shall have materially breached any representation or warranty or breached any agreement or 

covenant contained herein to be performed on or prior to the Closing Date and such breach shall not be cured within the earlier of ten (10) days following receipt by Transferee of a notice describing in reasonable detail the nature of such breach.

6.2    Procedure and Effect of Termination.

(a)In the event of termination of this Agreement and abandonment of the transactions contemplated hereby, this Agreement shall forthwith terminate and (other than the provisions of Section 6.2(b)) shall become null and void and of no further effect, and the transactions contemplated hereby shall be abandoned without further action by Transferor or Transferee. 

(b)If this Agreement is terminated pursuant to Section 6.1 hereof there shall be no liability or obligation hereunder on the part of Transferor or Transferee or any of their respective directors, officers, employees, Affiliates, controlling Persons, agents, advisors or representatives, except that the obligations provided for in this Section 6.2 and Article VI shall survive any such termination, and provided that nothing in this Article VI will be deemed to release any party from any liability for any breach by such party of the terms and provisions of this Agreement or to impair the right of any party to compel specific performance by any other party of its obligations under this Agreement and termination of this Agreement shall not impair or alter the Parties’ rights under the Settlement Agreement.

ARTICLE VII

MISCELLANEOUS PROVISIONS

7.1    Survival; Limitations of Damages.  

(a)The representations and warranties contained in this Agreement shall survive the Closing until the nine (9) month anniversary thereof. For the avoidance of doubt, any claim of breach made prior to such nine (9) month anniversary shall survive until such claim is finally resolved. The covenants contained in this agreement that are required to be performed (i) prior to the Closing Date shall not survive the Closing and (ii) after the Closing shall continue in full force and effect in accordance with its terms. 

(b)In the event of a breach by Transferor of the representations and warranties set forth in Section 3.7 (Title; Absence of Liens), upon notice of such breach by Transferee, Transferor shall promptly take all actions necessary to cause the Lien, security interest, right and/or license which is the subject of such breach to be removed. If Transferor fails to promptly cause such lien, security interest, right and/or license to be removed or if Transferor breaches the post-Closing covenant set forth in Section 5.10 (Removal of ATA Permitted Liens), Transferor’s liability to Transferee for such breach shall be limited to the actual costs incurred by Transferee in removing the Lien, security interest, right and/or license, and Transferee shall not be entitled to recover any consequential, incidental, special or punitive damages in connection therewith.

7.2    Amendment; Waiver.  Neither this Agreement, nor any of the terms or provisions hereof, may be amended, modified, supplemented or waived, except by a written instrument 

signed by the parties hereto.  No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provision hereof, nor shall such waiver constitute a continuing waiver.  No failure of either party to insist upon strict compliance by the other party with any obligation, covenant, agreement or condition contained in this Agreement shall operate as a waiver of, or estoppel with respect to, any subsequent or other failure.

7.3    Fees and Expenses.  Except as otherwise provided herein, each of the parties shall bear and pay its own costs and expenses incurred in connection with the origin, preparation, negotiation, execution and delivery of this Agreement and the agreements, instruments, documents and transactions referred to in or contemplated by this Agreement, including any fees, expenses or commissions of any of its advisors, agents, finders or brokers.  Except as otherwise provided herein, any filing or other fees payable to any Governmental Authority in connection with the consummation of the transactions contemplated herein, including intellectual property assignment filings or other filings required by Section 5.3, shall be borne by Transferee.  Except as aforesaid, each party shall indemnify the other party against any claims of Third Parties of any brokerage, finder’s, agent’s or similar fees or commissions in connection with the transactions contemplated hereby insofar as such claims are alleged to be based on arrangements or contacts made by, to or with the first mentioned party or its respective advisors or representatives.

7.4    Notices.  All notices, requests, demands, document deliveries and other communications under this Agreement shall be in writing and shall be deemed to have been duly given, provided, made or received (a) when delivered personally, (b) when sent by electronic mail (“e-mail”) or facsimile mail (in each case, on electronic confirmation of delivery), (c) one (1) Business Day after deposit with an overnight courier service (providing proof of delivery) or (d) three (3) Business Days after mailed by certified or registered mail, return receipt requested, with postage prepaid to the parties at the following addresses or e-mail addresses (or at such other address, e-mail address or facsimile number for a party as shall be specified by like notice):

(i)        If to Transferor, to:

PDL BioPharma, Inc.
932 Southwood Boulevard
Incline Village, NV 89451
Attention:  General Counsel
Facsimile: (775) 832-8501
E-mail:  general.counsel@pdl.com

with copies (which shall not constitute notice) to:

Gibson, Dunn & Crutcher LLP
333 South Grand Avenue
Los Angeles, CA 90071
Attention:        Karen E. Bertero
Facsimile: (213) 229-7520
E-mail:  KBertero@gibsondunn.com

Gibson, Dunn & Crutcher LLP

200 Park Avenue
New York, NY 10166
Attention:        Robert L. Weigel
Facsimile: (212) 351-4035
E-mail: RWeigel@gibsondunn.com

 (ii)      If to Transferee, to:

Defined Diagnostics, LLC
14200 Shady Grove Road
Suite 600
Rockville, Maryland 20850
Attn: Managing Member – FORMAL NOTICE
Telephone: (240) 631-2500
Facsimile: (240) 683-5830
E-mail:  nwohlstadter@wellstat.com  

with a simultaneous copies to:

Defined Diagnostics, LLC
14200 Shady Grove Road
Suite 600
Rockville, Maryland 20850
Attn: Legal Department – FORMAL NOTICE
Telephone: (240) 631-2500
Facsimile: (240) 683-5830
E-mail:  fbragg@wellstat.com  

and with copies (which shall not constitute notice) to:

Arnold & Porter Kaye Scholer LLP
250 West 55th Street
New York, NY 10019
Attention:        James Catterson Eric N. Whitney Tracy A. Belton
Facsimile:       (212) 836-8689
E-mail:            james.catterson@arnoldporter.com 
eric.whitney@arnoldporter.com
tracy.belton@arnoldporter.com

7.5    Assignment.  This Agreement and all of the provisions hereof shall be binding and inure to the benefit of the parties hereto and their respective successors and assigns.  Neither this Agreement nor any of the rights or obligations hereunder may be assigned by the parties hereto without the prior written consent of the other party (which consent will not be unreasonably withheld or delayed); provided that Transferee shall be entitled to assign this Agreement or any of the rights hereunder without the prior written consent of Transferor at, prior to or following the Closing, so long as Transferee continues to be bound by and comply with its obligations hereunder and pursuant to the applicable terms and conditions of the Assumed Contracts, 

including any applicable change of control or other restrictive covenants therein.  Any assignment that is in violation of this Section 7.5 shall be void ab initio.

7.6    Governing Law; Jurisdiction.  This Agreement shall be governed by and construed in accordance with the laws of the State of New York and the laws of the United States where applicable.  Any dispute or claim arising out of or relating to this Agreement shall be brought exclusively in the Supreme Court of the State of New York, County of New York and the parties hereby submit to the personal jurisdiction of that court with respect to any such dispute or claim. 

7.7    Specific Enforcement.  Transferee and Transferor hereby acknowledge and agree that the failure of a party to perform its agreements and covenants hereunder will cause irreparable injury to the other party for which monetary damages, even if available, will not be an adequate remedy. Accordingly, each of Transferor and Transferee hereby consents to the granting of equitable relief (including specific performance and injunctive relief) by any court of competent jurisdiction to enforce such party’s obligations hereunder. 

7.8    Severability.  Each term and provision of this Agreement constitutes a separate and distinct undertaking, covenant, term or provision hereof.  In the event that any term or provision of this Agreement shall be determined to be unenforceable, invalid or illegal in any respect, such unenforceability, invalidity, or illegality shall not affect any other term or provision of this Agreement, but this Agreement shall be construed as if such unenforceable, invalid or illegal term or provision had never been contained herein.  Moreover, if any term or provision of this Agreement shall for any reason be held to be excessively broad as to time, duration, activity or subject, it shall be construed by limiting and reducing it, so as to be enforceable to the extent permitted under applicable Law as it shall then exist.

7.9    Schedules and Exhibits.  The schedules and exhibits attached hereto shall be construed with and as an integral part of this Agreement to the same extent as if the same had been set forth in this Agreement.

7.10    Entire Agreement.  This Agreement, including all schedules and exhibits to this Agreement, together with the Settlement Agreement and the agreements contemplated thereby, contains, and is intended as, a complete statement of all the terms and arrangements between the parties with respect to the matters provided for, supersedes any previous agreements and understandings between the parties with respect to those matters and cannot be changed or terminated orally.

7.11    Interpretation.

(a)When a reference is made in this Agreement to an Article, a Section, Exhibit or Schedule, such reference shall be to an Article of, a Section of, or an Exhibit or Schedule to, this Agreement unless otherwise indicated.  Any table of contents and headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement.  Whenever the words “include,” “includes” or “including” are used in this Agreement, they shall be deemed to be followed by the words “without limitation.” The words “hereof,” “herein” and “hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this 

Agreement.  All terms defined in this Agreement shall have the defined meanings when used in any document made or delivered pursuant hereto unless otherwise defined therein.  The definitions contained in this Agreement are applicable to the singular as well as the plural forms of such terms and to the masculine as well as to the feminine and neuter genders of such term.  Any agreement, instrument or statute defined or referred to herein or in any agreement or instrument that is referred to herein means such agreement, instrument or statute as from time to time amended, modified or supplemented, including (in the case of agreements or instruments) by waiver or consent and (in the case of statutes) by succession of comparable successor statutes and references to all attachments thereto and instruments incorporated therein.  References to a Person are also to its permitted successors and assigns.

(b)The parties hereto have participated jointly in the negotiation and drafting of this Agreement and, in the event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as jointly drafted by the parties hereto and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any provision of this Agreement.

7.12    No Third-Party Beneficiaries.  This Agreement is for the sole benefit of the parties, and nothing herein expressed or implied shall give or be construed to give any other Person any legal or equitable rights hereunder.

7.13    Counterparts and Electronic Delivery.  This Agreement may be executed in counterparts and multiple originals and by facsimile, each of which shall be deemed an original, but all of which taken together shall constitute one and the same instrument.  The exchange of copies of this Agreement and of signature pages by facsimile or electronic transmission (“Electronic Delivery”) shall constitute effective execution and delivery of this Agreement as to the parties, shall be treated as an original agreement and signature pages thereof for all purposes, and shall be deemed to have the same binding legal effect as if it were the original signed version thereof delivered in person. At the request of any party hereto, each other party hereto shall re-execute original forms thereof and deliver them to all other parties.  No party hereto shall raise the use of such Electronic Delivery to deliver a signature, or the fact that any signature or agreement or instrument was transmitted or communicated through the use of Electronic Delivery, as a defense to the formation of a contract and each such party forever waives any such defense, except to the extent such defense relates to lack of authenticity.

Signature page follows.

IN WITNESS WHEREOF, the parties have executed this Agreement, effective as of the date first set forth above.

                                                                        DEFINED DIAGNOSTICS, LLC,
                                                                        a Delaware limited liability company
                                                                       
By:                                                                  
                                                                        Name:   Nadine H. Wohlstadter
                                                                        Title:     Managing Member

                                                                        

PDL BIOPHARMA, INC.,
                                                                        a Delaware corporation
                                                                        
By:                                                                  
                                                                        Name:                                                              
                                                                        Title:                                                                

Exhibit 1.1

Definitions

“Action” means any claim, action, cause of action or suit, litigation, controversy, assessment, arbitration, audit, examination, investigation, hearing, charge, complaint, demand, notice or proceedings to, from, by or before any Governmental Authority.

“Affiliate” means, as to any Person, any other Person that, directly or indirectly, controls, or is controlled by, or is under common control with, such Person. For this purpose, “control” (including, with its correlative meanings, “controlled by” and “under common control with”) means the possession, directly or indirectly, of the power to direct or cause the direction of management or policies of a Person, whether through the ownership of securities or partnership or other ownership interests, by contract or otherwise.

“Agreement” shall have the meaning given in the Preamble.

“Allocated Consideration” shall have the meaning given to it in Section 2.5.

“Assumed Contracts” shall have the meaning given in Section 2.1(a)(ii).

“Assumed Liabilities” shall have the meaning given in Section 2.3.

“ATA Permitted Liens” means any (a) Liens for utilities and Taxes not yet due and payable or being contested in good faith; (b) materialmans’, mechanics’, artisans’, shippers’, warehousemans’ or other similar common law or statutory liens incurred in the ordinary course of business; and (c) Liens granted by Transferee before the Transferred Assets were acquired by Transferor from the Receiver.

“BioVeris” means BioVeris Corporation.

“Business Day” means a day except a Saturday, a Sunday or other day on which banks in the City of New York, New York are authorized or required by Law to be closed.

“Closing” shall have the meaning given in Section 2.7(a).

“Closing Date” shall have the meaning given in Section 2.7(a).

“Code” means the Internal Revenue Code of 1986, as amended.

“Contract” means any written, oral, implied or other agreement, contract, understanding, arrangement, instrument, note, guaranty, indemnity, warranty, deed, assignment, purchase order, work order, commitment, covenant, assurance or undertaking of any nature which in any case creates legally binding obligations.

“Copyrights” means copyrights (registered and unregistered) and applications for registration.

“Dollars” or “$” means U.S. dollars.

“ECL License” shall have the meaning given in Section 2.5.

“Effective Date” shall have the meaning given to it in the Settlement Agreement.

“Elected Excluded Assets” shall have the meaning given in Section 2.2(k).

“Electronic Delivery” shall have the meaning given in Section 7.13.

“Excluded Assets” shall have the meaning given in Section 2.2.

“Excluded Contracts” shall have the meaning given in Section 2.2(h).

“Excluded Liabilities” shall have the meaning given in Section 2.4.

“Facility” shall have the meaning given in Section 5.7.

“Governmental Authority” means any government, court, regulatory or administrative agency, commission or authority or other governmental instrumentality, whether federal, state or local, domestic, foreign, multinational or supranational.

“Indebtedness” of any Person means, without duplication, (a) the principal of, interest on and premium (if any) in respect of (i) indebtedness of such Person for money borrowed and (ii) indebtedness evidenced by notes, debentures, bonds or other similar instruments for the payment of which such Person is responsible or liable; (b) all obligations of such Person issued or assumed as the deferred purchase price of property, all conditional sale obligations of such Person and all obligations of such Person under any title retention agreement including trade accounts payable and other accrued current liabilities arising in the ordinary course of business; (c) all obligations of such Person under leases required to be capitalized in accordance with generally accepted accounting principles; (d) all obligations of such Person for the reimbursement of any obligor on any letter of credit, banker’s acceptance or similar credit transaction; (e) the liquidation value of all redeemable preferred stock of such Person; (f) all obligations of the type referred to in clauses (a) through (e) of any Persons for the payment of which such Person is responsible or liable, directly or indirectly, as obligor, guarantor, surety or otherwise, including guarantees of such obligations; and (g) all obligations of the type referred to in clauses (a) through (f) of other Persons secured by any Lien on any property or asset of such Person (whether or not such obligation is assumed by such Person).

“Inspection Failure” shall have the meaning given in Section 5.9(b).

“Intellectual Property” means Patents, Trademarks, Copyrights, Trade Secrets, and other intellectual property rights recognized in any jurisdiction, whether protected, created or arising under the laws of the United States or any other jurisdiction, including rights to sue for and remedies against past, present and future infringements thereof, and rights of priority and protection of interests therein under the laws of any jurisdiction worldwide.

“Law” means any law, statute, rule, regulation, standard, ordinance or other pronouncement having the effect of law of any foreign jurisdiction, the United States or any state, county, city or other political subdivision or of any Governmental Authority, including, without limitation, common law.

“Liability” or “Liabilities” means any debt, loss, damage, adverse claim, Tax, liability or obligation (whether direct or indirect, known or unknown, asserted or unasserted, absolute or contingent, accrued or unaccrued, liquidated or unliquidated, or due or to become due, and whether in contract, tort, strict liability or otherwise), and including all costs and expenses relating thereto.

“Lien” means, with respect to any asset (including any security), any mortgage, lien, pledge, charge, security interest or encumbrance of any kind in respect of such asset.

“Order” means any writ, judgment, decree, injunction, award, assessment, decision, ruling or similar order of any Governmental Authority (in each such case whether preliminary or final).

“Patents” means patents, utility models and any similar or equivalent statutory rights with respect to the protection of inventions, and all applications for any of the foregoing, together with all re-issuances, continuations, continuations-in-part, divisionals, revisions, extensions and reexaminations thereof. 

“Person” means an individual, a corporation, a limited liability company, a partnership, an association, a trust or any other entity, including a Governmental Authority.

“Post-Closing Period” shall have the meaning given in Section 5.6(b).

“Pre-Closing Period” shall have the meaning given in Section 5.6(b).

“Receivership APA” shall have the meaning given in the Recitals.

“Receivership Assets” shall have the meaning given in the Recitals.

“Settlement Agreement” shall have the meaning given in the Recitals.

“Tax” or “Taxes” means any income, gross receipts, license, payroll, employment, excise, severance, stamp, occupation, premium, windfall profits, environmental (including a tax under Section 59A of the Code), capital stock, franchise, profits, withholding, social security (or similar), unemployment, disability, real property, personal property, sales, use, transfer, real property transfer, recording, registration, value added, alternative or add-on minimum, estimated, or other tax of any kind whatsoever, customs duty, amount under any escheat or unclaimed property law, fee or other similar assessment or charge in the nature of a tax, imposed by any Governmental Authority, including any interest or penalty thereon or addition thereto.

“Tax Returns” means any return, report, form, claim for refund, estimate, information return or statement or other similar document filed or required to be filed with any Governmental 

Authority with respect to Taxes, including any schedule or attachment thereto, and including any amendment thereof.

“Third Party” means any Person other than Transferor or Transferee or an Affiliate of Transferor or Transferee.

“Trade Secrets” means any information, including a formula, pattern, compilation, program, device, method, technique or process that derives independent economic value, actual or potential, from not being generally known to the public or to other Persons who can obtain economic value from its disclosure or use.

“Trademark” means trade names, trademarks and service marks (registered and unregistered), logos, slogans and trade dress, including applications to register any of the foregoing, together with the goodwill symbolized by any of the foregoing.

“Transaction Documents” shall have the meaning given in the Recitals.

“Transfer Taxes” shall have the meaning given in Section 5.6(a).

“Transferee” shall have the meaning given in the Preamble.

“Transferor” shall have the meaning given in the Preamble.

“Transferor Taxes” means any Taxes (a) of Transferor that could become a liability of, or be assessed or collected against, Transferee, or that could become a Lien on the Transferred Assets, and (b) relating to or arising out of the Transferred Assets that are incurred in or attributable to any period, or any portion of any period, commencing after May 24, 2017 and ending on or prior to the Closing Date (including any Taxes that are the responsibility of Transferor pursuant to Section 5.6), but excluding any Taxes which are the responsibility of Transferee pursuant to Section 5.6.  For the sake of clarity, Transferor Taxes shall not include any Taxes payable pursuant to any Assumed Contract. 

“Transferred Assets” shall have the meaning given in Section 2.1.

EXHIBIT H
(Deed of Trust)

[See attached.]

EXHIBIT I
(Limited Power of Attorney)

LIMITED POWER OF ATTORNEY

On this ___ day of _______________, 2020, for good and valuable consideration, including, without limitation, the terms of that certain Settlement and Mutual Release Agreement dated August 11, 2020 (the “Settlement Agreement”) executed in connection herewith, PDL BioPharma, Inc., a Delaware corporation (“PDL”), hereby appoints __________ as its agent and true and lawful attorney-in-fact and grants to ______________________________, a Limited Power of Attorney to correct, make, execute, initial, re-execute, deliver, file, refile, record and/or re-record, in PDL’s name, any documents for the release, satisfaction or extinguishment of any lien, encumbrance or cloud on title as to or against any property owned by: (a) Hebron Valley Farms, Inc., a Virginia corporation; (b) SJW Properties, Inc., a Virginia corporation; (c) HVF, Inc., a Virginia corporation; and/or (d) NHW, LLC, a Virginia limited liability company, including without limitation, any lien, encumbrance or cloud on title created by or in connection with the Deed of Trust dated March 20, 2013 (the “Deed of Trust”) which was recorded on March 25, 2013 at Instrument Number 130000518 in the land records of the Circuit Court Clerk’s Office for the County of Madison, Virginia or any and all obligations secured by the Deed of Trust.  This appointment of agency and Limited Power of Attorney includes the power to correct any and all errors or omissions in the Certificate and Affidavit of Satisfaction releasing the Deed of Trust and executed in connection with the Settlement Agreement, including, by way of example and without limitation, typographical, clerical or other errors or any other omissions:

•Related to names including, but not limited to, wrong or misspelled names;
•Related to the description of any property encumbered by the Deed of Trust including, but not limited to, wrong or misspelled street, city or town names and incorrect house numbers;
•Related to any legal description;
•Related to any Tax Map Numbers or other identifying numbers for any parcel of real property;
•Related to any applicable county name including, but not limited to, wrong or misspelled county names; and
•Related to the date of any documents including, but not limited to, wrong and incomplete dates.

In the event this appointment of agency and Limited Power of Attorney is to be exercised, _________________ will provide PDL with a copy of the document(s) corrected, made, executed, initialed, re-executed, delivered, filed, refiled, recorded and/or re-recorded on PDL’s behalf.  This appointment of agency and Limited Power of Attorney is coupled with an interest, shall be irrevocable, is limited to the rights granted herein, and may not be used to alter the terms of the Settlement Agreement.  

[signature page to follow]

IN WITNESS WHEREOF, the undersigned has executed this Limited Power of Attorney as of the date and year written.

PDL BIOPHARMA, INC, a Delaware corporation  
By:                                                                                     
Name:
Title:    

STATE OF _____________

CITY/COUNTY OF _____________; to-wit:

The foregoing Limited Power of Attorney was acknowledged, subscribed and sworn to before me this __________ day of  ___ , 2020, by _________________________, as the _______________  of PDL BioPharma, Inc., a Delaware corporation, Delaware Corporation, on behalf of PDL BioPharma, Inc.

My commission expires:                                                                     

_______________________________
                                                                                                Notary Public
SEAL

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