Document:

EX-10.1

 Exhibit 10.1 

Execution Version 

EMPLOYMENT AGREEMENT 

This Employment Agreement (“Agreement”) is made and entered into by and between
Hi-Crush Services LLC, a Delaware limited liability company (the “Company”), and James Philip McCormick (“Employee”) effective as of January 1, 2020 (the
“Effective Date”). Hi-Crush Inc., a Delaware corporation and the parent of the Company (the “Parent”), enters into this Agreement for the limited purposes of
acknowledging and agreeing to Sections 3(d), 7(f)(iii)(D), 7(f)(iii)(E), and 7(f)(iv). 

1.    Employment. During the Employment Period (as defined in Section 4),
the Company shall continue to employ Employee, and Employee shall continue to serve, as Chief Financial Officer of the Company and in such other position or positions as may be assigned from time to time by the Company. Employee’s employment
with the Company is at-will, which means that the employment relationship may be terminated at any time, with or without Cause (as defined in Section 7), or with or without Good
Reason (as defined in Section 7), at the option of either the Company or Employee. 

2.    Duties and Responsibilities of Employee. 

(a)    During the Employment Period, Employee shall devote Employee’s best efforts and full business time and
attention to the businesses of the Parent and its direct and indirect subsidiaries as may exist from time to time, including the Company (collectively, the Parent and its direct and indirect subsidiaries are referred to as the “Company
Group”) as may be requested by the Company from time to time. Employee may, without violating this Section 2(a), (i) as a passive investment, own publicly traded securities in such form or manner as will
not require any services by Employee in the operation of the entities in which such securities are owned; (ii) engage in charitable and civic activities; or (iii) with the prior written consent of the board of directors of the Parent (the
“Board”), engage in other personal and passive investment activities, in each case, so long as such ownership, interests or activities do not interfere with Employee’s ability to fulfill Employee’s duties and
responsibilities under this Agreement and are not inconsistent with Employee’s obligations to any member of the Company Group or competitive with the Business (as defined below). 

(b)    Employee hereby represents and warrants that Employee is not the subject of, or a party to, any employment
agreement, non-competition, non-solicitation, restrictive covenant or non-disclosure agreement, or any other agreement,
obligation, restriction or understanding that would prohibit Employee from executing this Agreement or fully performing each of Employee’s duties and responsibilities hereunder, or would in any manner, directly or indirectly, limit or affect
any of the duties and responsibilities that may now or in the future be assigned to Employee hereunder. Employee expressly acknowledges and agrees that Employee is strictly prohibited from using or disclosing any confidential information belonging
to any prior employer in the course of performing services for any member of the Company Group, and Employee promises that Employee shall not do so. Employee shall not introduce documents or other materials containing confidential information of any
prior employer to the premises or property (including computers and computer systems) of any member of the Company Group. 

 (c)    Employee owes each member of the Company Group fiduciary duties
(including (i) duties of loyalty and disclosure and (ii) such fiduciary duties that an officer of a corporation owes under the laws of the State of Delaware), and the obligations described in this Agreement are in addition to, and not in
lieu of, the obligations Employee owes each member of the Company Group under statutory and common law. 

3.    Compensation. 

(a)    Base Salary. During the Employment Period, the Company shall pay to Employee an annualized base salary equal
to $300,000 (the “Base Salary”) in consideration for Employee’s services under this Agreement, payable in conformity with the Company’s customary payroll practices for similarly
situated employees (which, as of the Effective Date, call for bi-weekly payments) as may exist from time to time. Notwithstanding the foregoing, the Company may reduce Employee’s Base Salary as part of
one or more proportionate reductions applicable to similarly situated employees of the Company. 
 (b)    Annual Cash
Bonus. Employee shall be eligible, beginning with the 2021 calendar year, for a discretionary annual cash bonus compensation for each calendar year that Employee is employed by the Company hereunder (the “Annual Bonus”),
which Annual Bonus will be determined by the Board (or a committee thereof) in its sole discretion. Each Annual Bonus, if any, shall be paid as soon as administratively feasible after the Board (or a committee thereof) certifies whether any
applicable performance targets for the applicable calendar year (the “Bonus Year”) have been achieved, but in no event later than March 15 following the end of such Bonus Year. Notwithstanding anything in this
Section 3(b) to the contrary, except in connection with a Qualifying Termination as set forth herein, no Annual Bonus, if any, nor any portion thereof, shall be payable for any Bonus Year unless Employee remains
continuously employed by the Company from the Effective Date through the date on which such Annual Bonus is paid. 

(c)    2021 Retention Payment. For the 2020 calendar year, in lieu of eligibility for an Annual Bonus, Employee
shall be eligible for a cash retention payment (the “2021 Retention Payment”), payable within 60 days following June 30, 2021, subject to (i) Employee’s continuous employment by the Company from the Effective
Date through June 30, 2021 and (ii) Employee’s execution and non-revocation within any time provided by the Company to do so of a Release (as defined below). Notwithstanding the foregoing, if
Employee’s employment by the Company is terminated (A) by the Company without Cause (as defined below) or (B) due to the death or Disability (as defined below) of Employee prior to June 30, 2021, then the 2021 Retention Payment
will be payable within 60 days following the Termination Date (as defined below), subject to satisfaction of the Release requirement set forth in Section 7(f)(iii); provided, however, that in no event shall the timing of
the Employee’s execution of the Release (as described above), directly or indirectly, result in the Employee designating the calendar year of payment. Notwithstanding anything to the contrary herein, if a payment that is subject
to execution of the Release could be made in more than one taxable year, such payment shall be made in the later taxable year. 

(d)    Annual Equity Awards. During the Employment Period, Employee shall be eligible to receive annual awards
under the long-term incentive plan of the Parent as may be in effect from time to time (the “LTIP”). All awards granted to Employee under the LTIP, if any, 

  
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shall be in such amounts and on such terms and conditions as the Board or a committee thereof shall determine from time to time, and shall be subject to and governed by the terms and provisions
of the LTIP as in effect from time to time and the award agreements evidencing such awards. Nothing herein shall be construed to give Employee any rights to any amount or type of grant or award except as provided in an award agreement and authorized
by the Board or a committee thereof. 
 4.    Term of Employment. The initial term of
Employee’s employment under this Agreement shall be for the period beginning on the Effective Date and ending on the first (1st) anniversary of the Effective Date (the “Initial
Term”). On the first (1st) anniversary of the Effective Date and on each subsequent anniversary thereafter, the term of Employee’s employment under this Agreement shall
automatically renew and extend for a period of twelve (12) months (each such twelve (12)-month period being a “Renewal Term”) unless written notice of non-renewal is delivered by
either party to the other not less than thirty (30) days prior to the expiration of the then-existing Initial Term or Renewal Term, as applicable. Notwithstanding any other provision of this Agreement, Employee’s employment pursuant to
this Agreement may be terminated at any time in accordance with Section 7. The period from the Effective Date through the expiration of this Agreement or, if sooner, the termination of Employee’s employment pursuant to
this Agreement, regardless of the time or reason for such termination, shall be referred to herein as the “Employment Period.” 

5.    Business Expenses. Subject to Section 24, the Company shall reimburse
Employee for Employee’s reasonable out-of-pocket business-related expenses actually incurred in the performance of Employee’s duties under this Agreement so
long as Employee timely submits all documentation for such expenses, as required by any Company Group policy in effect from time to time. Any such reimbursement of expenses shall be made by the Company upon or as soon as practicable following
receipt of such documentation (but in any event not later than ninety (90) days after such expense is submitted). In no event shall any reimbursement be made to Employee for any expenses incurred after the date of Employee’s termination of
employment with the Company. All reasonable business-related travel, meals and lodging expenses by Employee in connection with performing duties hereunder shall be reimbursable expenses. 

6.    Benefits. During the Employment Period, Employee shall be eligible to participate in the same benefit
plans and programs in which other similarly situated Company employees are eligible to participate, subject to the terms and conditions of the applicable plans and programs in effect from time to time. The Company shall not, however, by reason of
this Section 6, be obligated to institute, maintain, or refrain from changing, amending, or discontinuing, any such plan or policy, so long as such changes are similarly applicable to similarly situated Company employees
generally. 

  
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 7.    Termination of Employment. 

(a)    Company’s Right to Terminate Employee’s Employment for Cause. The
Company shall have the right to terminate Employee’s employment hereunder at any time for Cause. For purposes of this Agreement, “Cause” shall mean: 

(i)    Employee’s material breach of this Agreement or any other written agreement between Employee
and one or more members of the Company Group, including Employee’s material breach of any representation, warranty or covenant made under any such agreement; 

(ii)    Employee’s material breach of any law applicable to the workplace or employment relationship,
or Employee’s material breach of a policy or code of conduct established by a member of the Company Group and applicable to Employee (including any policy regarding drug-free workplaces); 

(iii)    Employee’s gross negligence, willful misconduct, breach of fiduciary duty, fraud, theft or
embezzlement; 
 (iv)    the commission by Employee of, or conviction or indictment of Employee for, or
plea of nolo contendere by Employee to, any felony (or state law equivalent) or any crime involving moral turpitude; or 

(v)    Employee’s material failure or refusal to perform Employee’s obligations pursuant to this
Agreement or chronic absenteeism, in either case other than due to Disability, or to follow any lawful directive from the Company, as determined by the Company; provided, however, that if Employee’s actions or omissions as set
forth in this Section 7(a)(v) are of such a nature that the Company determines that they are curable by Employee such actions or omissions must remain uncured thirty (30) days after the Company first provided Employee
written notice of the obligation to cure such actions or omissions. 
 (b)    Company’s Right to
Terminate for Convenience. The Company shall have the right to terminate Employee’s employment for convenience at any time and for any reason, or no reason at all, upon two (2) weeks’ prior written notice to Employee. In the event
the Company selects a Termination Date that is less than two (2) weeks after written notice of termination, the Company shall pay Employee the Base Salary through the date that is two (2) weeks after notice of termination was given. 

(c)    Employee’s Right to Terminate for Good Reason. Employee shall have the right to terminate
Employee’s employment with the Company at any time for Good Reason. For purposes of this Agreement, “Good Reason” shall mean: 

(i)    a material diminution in Employee’s Base Salary (other than a proportionate reduction in
accordance with the last sentence of Section 3(a)); 
 (ii)    a material
breach by the Company of any of its obligations under this Agreement or by the Company Group under any other written agreement with Employee; or 

(iii)    the relocation of the geographic location of Employee’s principal place of employment by more
than fifty (50) miles from the then-current location of Employee’s principal place of employment. 

  
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 Notwithstanding the foregoing provisions of this Section 7(c) or any other
provision of this Agreement to the contrary, any assertion by Employee of a termination for Good Reason shall not be effective unless all of the following conditions are satisfied: (A) the condition described in
Section 7(c)(i), (ii) or (iii) giving rise to Employee’s termination of employment must have arisen without Employee’s prior written consent; (B) Employee must provide written notice to the Board
of the existence of such condition(s) within fifteen (15) days after the initial occurrence of such condition(s); (C) the condition(s) specified in such notice must remain uncorrected for thirty (30) days following the Board’s receipt
of such written notice; and (D) the date of Employee’s termination of employment must occur within seventy-five (75) days after the initial occurrence of the condition(s) specified in such notice. 

(d)    Death or Disability. Except as set forth in Section 7(f)(iv), upon the death or
Disability of Employee, Employee’s employment with the Company shall automatically (and without any further action by any person or entity) terminate with no further obligation under this Agreement of either party hereunder. For purposes of
this Agreement, a “Disability” shall exist if the Board determines in good faith that Employee is unable to perform the essential functions of Employee’s position (after accounting for reasonable
accommodation, if applicable and required by applicable law), due to physical or mental impairment that continues, or can reasonably be expected to continue, for a period in excess of one hundred-twenty (120) consecutive days or one
hundred-eighty (180) days, whether or not consecutive (or for any longer period as may be required by applicable law), in any twelve (12)-month period. 

(e)    Employee’s Right to Terminate for Convenience. In addition to Employee’s right to terminate
Employee’s employment for Good Reason, Employee shall have the right to terminate Employee’s employment with the Company for convenience at any time and for any other reason, or no reason at all, upon thirty (30) days’ advance
written notice to the Company; provided, however, that if Employee has provided notice to the Company of Employee’s termination of employment, the Company may determine, in its sole discretion, that such termination shall be
effective on any date prior to the effective date of termination provided in such notice (and, if such earlier date is so required, then it shall not change the basis for Employee’s termination of employment nor be construed or interpreted as a
termination of employment pursuant to Section 7(b)). 
 (f)    Effect of
Termination. 
 (i)    As used herein: 

(A)    “CIC Protection Period” means the twenty-four (24) month period
following a Change in Control (as defined in the LTIP). 
 (B)    “Qualifying
Termination” means (x) a termination by the Company without Cause pursuant to Section 7(b) or (y) a termination by Employee for Good Reason pursuant to Section 7(c), in each
case, prior to the expiration of the then-existing Initial Term or Renewal Term, as applicable. 

(ii)    Upon Employee’s termination of employment for any reason, in accordance with the
Company’s customary payroll practices, the Company shall pay 

  
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Employee (A) all unpaid Base Salary, (B) all accrued, unused vacation time, if any, in accordance with the Company’s vacation policies as in effect from time to time and
(C) any unreimbursed business expenses incurred prior to the Termination Date, payable in accordance with Section 5. 

(iii)    If Employee’s employment hereunder is terminated as a result of a Qualifying Termination,
then so long as (and only if) Employee: (A) executes on or before the Release Expiration Date (as defined below), and does not revoke within any time provided by the Company to do so, a release of all claims in a form acceptable to the Company
(the “Release”), which Release shall release each member of the Company Group and their respective affiliates, and the foregoing entities’ respective shareholders, members, partners, officers, managers, directors,
fiduciaries, employees, representatives, agents and benefit plans (and fiduciaries of such plans) from any and all claims, including any and all causes of action arising out of Employee’s employment with the Company and any other member of the
Company Group or the termination of such employment, but excluding all claims to severance payments Employee may have under this Section 7; and (B) abides by the terms of each of Sections 9, 10 and
11, then: 
 (A)    The Company shall make severance payments to Employee in a total amount equal
to (I) twelve (12) months’ of Employee’s Base Salary as of the Termination Date (as defined below), or (II) if the Termination Date is during a CIC Protection Period, eighteen (18) months’ of Employee’s Base
Salary, plus, solely in the case of this clause (II), one and a half (1.5) times Employee’s target Annual Bonus for the Bonus Year in which the Termination Date occurs (such total severance payments being referred to as the
“Severance Payment”); provided, however, if the termination occurs as a result of Employee’s resignation for Good Reason resulting from a material diminution in Employee’s Base Salary, then the Base Salary
for calculating the amount of the Severance Payment shall be the amount of the Base Salary immediately prior to such material diminution. The Severance Payment will be divided into substantially equal installments paid over the twelve (12)-month
period (if the Termination Date is during a CIC Protection Period, over an eighteen (18)-month period) following the date on which Employee’s employment terminates (the “Termination Date”). On the Company’s first
regularly scheduled pay date that is on or after the date that is sixty (60) days after the Termination Date (the “First Payment Date”), the Company shall pay to Employee, without interest, a number of such installments
equal to the number of such installments that would have been paid during the period beginning on the Termination Date and ending on the First Payment Date had the installments been paid on the Company’s regularly scheduled pay dates on or
following the Termination Date, and each of the remaining installments shall be paid on the Company’s regularly scheduled pay dates during the remainder of such twelve (12)- or eighteen (18)-month period, as applicable; provided,
however, that to the extent, if any, that the aggregate amount of the installments of the Severance Payment that would otherwise be paid pursuant to the preceding provisions of this Section 7(f)(iii)(A) after
March 15 of the calendar year following the calendar year in which the Termination Date occurs (the “Applicable March 15”) exceeds the maximum exemption amount under Treasury Regulation
Section 1.409A-1(b)(9)(iii)(A), then 

  
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such excess shall be paid to Employee in a lump sum on the Applicable March 15 (or the first business day preceding the Applicable March 15 if the Applicable March 15 is not a
business day) and the installments of the Severance Payment payable after the Applicable March 15 shall be reduced by such excess (beginning with the installment first payable after the Applicable March 15 and continuing with the next
succeeding installment until the aggregate reduction equals such excess). 
 (B)    During the portion,
if any, of the twelve (12)-month (or, if the Termination Date is during a CIC Protection Period, eighteen (18)-month) period following the Termination Date (the “Reimbursement Period”) that Employee elects to continue
coverage for Employee and Employee’s spouse and eligible dependents, if any, under the Company’s group health plans pursuant to Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”), the Company shall
promptly reimburse Employee on a monthly basis for the difference between the amount Employee pays to effect and continue such coverage and the employee contribution amount that similarly situated employees of the Company pay for the same or similar
coverage under such group health plans (the “COBRA Benefit”). Each payment of the COBRA Benefit shall be paid to Employee on the Company’s first regularly scheduled pay date in the
calendar month immediately following the calendar month in which Employee submits to the Company documentation of the applicable premium payment having been paid by Employee, which documentation shall be submitted by Employee to the Company within
thirty (30) days following the date on which the applicable premium payment is paid. Employee shall be eligible to receive such reimbursement payments until the earliest of: (1) the last day of the Reimbursement Period; (2) the date
Employee is no longer eligible to receive COBRA continuation coverage; and (3) the date on which Employee becomes eligible to receive coverage under a group health plan sponsored by another employer (and any such eligibility shall be promptly
reported to the Company by Employee); provided, however, that the election of COBRA continuation coverage and the payment of any premiums due with respect to such COBRA continuation coverage shall remain Employee’s sole responsibility,
and the Company shall not assume any obligation for payment of any such premiums relating to such COBRA continuation coverage. Notwithstanding the foregoing, if the provision of the benefits described in this
Section 7(f)(iii)(B) cannot be provided in the manner described above without penalty, tax or other adverse impact on the Company or any other member of the Company Group, then the Company and Employee shall negotiate in
good faith to determine an alternative manner in which the Company may provide substantially equivalent benefits to Employee without such adverse impact on the Company or such other member of the Company Group. 

(C)    The Company shall pay Employee a pro-rata portion of the
Annual Bonus for the Bonus Year in which the Termination Date occurs, which pro-rata portion shall equal (x) the Annual Bonus, if any, earned for the Bonus Year in which the Termination Date occurs based
on actual performance, multiplied by (y) a fraction, the numerator of which is the number of days that have elapsed from the beginning of such Bonus Year through the Termination Date and the

  
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denominator of which is the total number of days in such Bonus Year (the “Pro-Rata Bonus”). The
Pro-Rata Bonus, if any, will be paid on the date Annual Bonuses for such Bonus Year are paid to other executives of the Company. 

(D)    On the date that is sixty (60) days following the Termination Date, all of Employee’s
outstanding time-based equity awards granted pursuant to the LTIP shall be deemed to be fully vested effective as of the Termination Date. 

(E)    On the date that is sixty (60) days following the Termination Date, a pro-rata portion of Employee’s outstanding performance-based equity awards granted pursuant to the LTIP shall become earned based on actual performance through the Termination Date; provided, however,
that if the Termination Date is within the CIC Protection Period, all of Employee’s outstanding performance-based equity awards granted pursuant to the LTIP shall be deemed to be earned at target levels of performance. 

(F)    The Annual Bonus applicable to any prior completed Bonus Year to the extent the Annual Bonus has not
been paid as of the Termination Date with respect to such Bonus Year. 
 The payments and benefits described in clauses (A), (B), (C), (D),
(E) and (F) above are collectively referred to herein as the “Termination Benefits.” 

(iv)    If Employee’s employment hereunder is terminated as a result of Employee’s death or
Disability pursuant to Section 7(d), then (A) all of Employee’s outstanding time-based equity awards granted pursuant to the LTIP shall become fully vested on the Termination Date and (B) a pro-rata portion of Employee’s outstanding performance-based equity awards granted pursuant to the LTIP shall become earned based on actual performance through the Termination Date. 

(v)    Notwithstanding anything herein to the contrary, the Termination Benefits (and any portion thereof)
shall not be payable if Employee’s employment hereunder terminates upon the expiration of the then-existing Initial Term or Renewal Term, as applicable, as a result of a non-renewal of the term of
Employee’s employment under this Agreement by the Company or Employee pursuant to Section 4. 

(vi)    If the Release is not executed and returned to the Company on or before the Release Expiration
Date, and the required revocation period has not fully expired without revocation of the Release by Employee, then Employee shall not be entitled to any portion of the Termination Benefits. As used herein, the “Release Expiration
Date” is that date that is twenty-one (21) days following the date upon which the Company delivers the Release to Employee (which shall occur no later than seven (7) days after the
Termination Date) or, in the event that such termination of employment is “in connection with an exit incentive or other employment termination program” (as such phrase is defined in the Age Discrimination in Employment Act of 1967), the
date that is forty-five (45) days following such delivery date. 

  
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 (vii)    Nothing contained in this
Section 7 shall be construed as entitling Employee to receive, from and after the Termination Date, any of the benefits which Employee would otherwise be entitled to receive hereunder, other than the right to receive the
Termination Benefits in the event of a Qualifying Termination as provided for in this Section 7. 

(g)    After-Acquired Evidence. Notwithstanding any provision of this Agreement to the contrary, in the event that
the Company determines that Employee is eligible to receive the Termination Benefits pursuant to Section 7(f) but, after such determination, the Company subsequently acquires evidence or determines that: (i) Employee
has failed to abide by the terms of Sections 9, 10 or 11; or (ii) prior to the end of the payment of the Termination Benefits, the Company determines that a Cause condition existed prior to the Termination Date that,
had the Company been fully aware of such condition, would have given the Company the right to terminate Employee’s employment pursuant to Section 7(a), then the Company shall have the right to cease the payment of any
future installments of the Termination Benefits and Employee shall promptly return to the Company all installments of the Termination Benefits received by Employee prior to the date that the Company determines that the conditions of this
Section 7(g) have been satisfied. 
 8.    Disclosures. Promptly (and in any
event, within three (3) business days) upon becoming aware of (a) any actual or potential Conflict of Interest or (b) any lawsuit, claim or arbitration filed against or involving Employee or any trust or vehicle owned or controlled by
Employee, in each case, Employee shall disclose such actual or potential Conflict of Interest or such lawsuit, claim or arbitration to the Board. A “Conflict of Interest” shall exist when Employee engages in, or plans to
engage in, any activities, associations, or interests that conflict with, or create an appearance of a conflict with, Employee’s duties, responsibilities, authorities, or obligations for and to any member of the Company Group. 

9.    Confidentiality. In the course of Employee’s continued employment with the Company and in order
to assist Employee with the performance of Employee’s duties on behalf of the Company Group hereunder, the Company will provide Employee with, Employee will develop on the Company’s behalf, and Employee will have access to, Confidential
Information (as defined below). In consideration of Employee’s receipt, development, and access to such Confidential Information, and as a condition of Employee’s employment, Employee shall comply with this
Section 9. 
 (a)    Both during the Employment Period and thereafter, except as expressly
permitted by this Agreement or by directive of the Board, Employee shall not disclose any Confidential Information to any person or entity and shall not use any Confidential Information except for the benefit of the Company Group. Employee
acknowledges and agrees that Employee would inevitably use and disclose Confidential Information in violation of this Section 9 if Employee were to violate any of the covenants set forth in
Section 10. Employee shall follow all Company Group policies and protocols regarding the security of all documents and other materials containing Confidential Information (regardless of the medium on which Confidential
Information is stored). The covenants of this Section 9(a) shall apply to all Confidential Information, whether now known or later to become known to Employee during the period that Employee is employed by or affiliated
with the Company or any other member of the Company Group. 

  
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 (b)    Notwithstanding any provision of
Section 9(a) to the contrary, Employee may make the following disclosures and uses of Confidential Information: 

(i)    disclosures to other employees of a member of the Company Group who have a need to know the
information in connection with the businesses of the Company Group; 
 (ii)    disclosures to customers
and suppliers when, in the reasonable and good faith belief of Employee, such disclosure is in connection with Employee’s performance of Employee’s duties under this Agreement and is in the best interests of the Company Group; 

(iii)    disclosures and uses that are approved in writing by the Board; or 

(iv)    disclosures to a person or entity that has (x) been retained by a member of the Company Group
to provide services to one or more members of the Company Group and (y) agreed in writing to abide by the terms of a confidentiality agreement. 

(c)    All trade secrets, non-public information, designs, ideas, concepts,
improvements, product developments, discoveries and inventions, whether patentable or not, that are conceived, made, developed or acquired by or disclosed to Employee, individually or in conjunction with others, during the period that Employee is
employed by the Company or any other member of the Company Group (whether during business hours or otherwise and whether on the Company’s premises or otherwise) that relate to any member of the Company Group’s businesses or properties,
products or services (including all such information relating to methods, designs, drawings, technical information (including as relating to all silo, container, belt, hopper bottom and chassis/tractor/trailer equipment), methods to hire, train and
compensate employees, contact information, methods to locate and qualify contractors, vendors and third party factories, and identity of companies contractors, vendors and third party factories and contacts of those with whom members of the Company
Group have dealt, amounts/types of goods/services purchased in the past from contractors, vendors and third parties and amounts paid for such past purchases, identity of customers – the individual and their contact information, at customers
with whom Employee has dealt, amounts and types of products and services purchased in the past by customers and the amount paid for such past purchases, timing of such past purchases, method of payment, the Company Group’s plans for future
products and services, details of ongoing or planned negotiations for future products and services and plans for future, including plans for products and services, for geographic and customer markets and for marketing, promotion, selling,
distribution and providing products and services, databases, frameworks, models, marketing, sales, financial plans or results, training and technical information, business methods, policies, business systems, technology, computer programs (including
as relating to supply chain inventory planning, supply/demand, logistics, dispatch, tracking, scanning and billing software, applications and systems), research or development projects or results, scientific studies and any and all information
relating to projected business activity or other business arrangements, management organization structure information, manuals, merchandising and selling techniques and records) is defined as “Confidential Information.”
Moreover, all documents, videotapes, written presentations, brochures, drawings, memoranda, notes, records, files, correspondence, manuals, models, 

  
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specifications, computer programs, e-mail, voice mail, electronic databases, maps, drawings, architectural renditions, models and all other writings or
materials of any type including or embodying any of such information, ideas, concepts, improvements, discoveries, inventions and other similar forms of expression are and shall be the sole and exclusive property of the Company or the other
applicable member of the Company Group and be subject to the same restrictions on disclosure applicable to all Confidential Information pursuant to this Agreement. For purposes of this Agreement, Confidential Information shall not include any
information that (i) is or becomes generally available to the public other than as a result of a disclosure or wrongful act of Employee or any of Employee’s agents; (ii) was available to Employee on a
non-confidential basis before its disclosure by a member of the Company Group; or (iii) becomes available to Employee on a non-confidential basis from a source
other than a member of the Company Group; provided, however, that such source is, after due inquiry, not known to be bound by a confidentiality agreement with, or other obligation with respect to confidentiality to, a member of the
Company Group. 
 (d)    Notwithstanding the foregoing, nothing in this Agreement shall prohibit or restrict Employee
from lawfully: (i) initiating communications directly with, cooperating with, providing information to, causing information to be provided to, or otherwise assisting in an investigation by, any governmental authority regarding a possible
violation of any law; (ii) responding to any inquiry or legal process directed to Employee from any such governmental authority; (iii) testifying, participating or otherwise assisting in any action or proceeding by any such governmental
authority relating to a possible violation of law; or (iv) making any other disclosures that are protected under the whistleblower provisions of any applicable law. Additionally, pursuant to the federal Defend Trade Secrets Act of 2016, an
individual shall not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret that: (A) is made (1) in confidence to a federal, state or local government official, either
directly or indirectly, or to an attorney and (2) solely for the purpose of reporting or investigating a suspected violation of law; (B) is made to the individual’s attorney in relation to a lawsuit for retaliation against the
individual for reporting a suspected violation of law; or (C) is made in a complaint or other document filed in a lawsuit or proceeding, if such filing is made under seal. Nothing in this Agreement requires Employee to obtain prior
authorization before engaging in any conduct described in this paragraph, or to notify the Company that Employee has engaged in any such conduct. 

10.    Non-Competition;
Non-Solicitation. 
 (a)    The Company shall provide Employee access to
Confidential Information for use only during the Employment Period, and Employee acknowledges and agrees that the Company Group will be entrusting Employee, in Employee’s unique and special capacity, with developing the goodwill of the Company
Group, and as a condition of the Company providing Employee with access to Confidential Information and as an express incentive for the Company to enter into this Agreement and employ Employee, Employee has voluntarily agreed to the covenants set
forth in this Section 10. Employee is a member of the Company’s executive or management personnel, and Employee expressly agrees and acknowledges that Employee is receiving new and valuable consideration following
Employee’s entry into this Agreement, and the limitations and restrictions set forth herein, including geographical and temporal restrictions on certain competitive activities, are reasonable in all respects, will not cause Employee undue
hardship, and are material and substantial parts of this Agreement intended and necessary to prevent unfair competition and to protect the Company Group’s Confidential Information, goodwill and legitimate business interests. 

  
 11 

 (b)    During the Prohibited Period, Employee shall not, without the
prior written approval of the Board, directly or indirectly, for Employee or on behalf of or in conjunction with any other person or entity of any nature: 

(i)    engage in or participate within the Market Area in competition with any member of the Company Group
in any aspect of the Business, which prohibition shall prevent Employee from directly or indirectly: (A) owning, managing, operating, or being an officer or director of, any business that competes with any member of the Company Group in the
Market Area, or (B) joining, becoming an employee or consultant of, or otherwise being affiliated with, any person or entity engaged in, or planning to engage in, the Business in the Market Area in competition, or anticipated competition, with
any member of the Company Group in any capacity (with respect to this clause (B)) in which Employee’s duties or responsibilities are the same as or similar to the duties or responsibilities that Employee had on behalf of any member of the
Company Group; 
 (ii)    appropriate any Business Opportunity of, or relating to, any member of the
Company Group located in the Market Area; 
 (iii)    solicit, canvass, approach, encourage, entice or
induce any customer or supplier of any member of the Company Group to cease or lessen such customer’s or supplier’s business with any member of the Company Group; or 

(iv)    solicit, canvass, approach, encourage, entice or induce any employee or contractor of any member of
the Company Group to terminate his, her or its employment or engagement with any member of the Company Group. 

(c)    Notwithstanding the foregoing, 

(i)    following the date that Employee is no longer employed by any member of the Company Group, the
above-referenced limitations in Sections 10(b)(i), (ii) and (iii) shall not apply in those portions of the Market Area located within the State of Oklahoma. Instead, Employee agrees that, during that portion of the
Prohibited Period that begins following the date that Employee is no longer employed by any member of the Company Group, the restrictions on Employee’s activities within those portions of the Market Area located within the State of Oklahoma (in
addition to those restrictions set forth in Sections 9 and 10(b)(iv) above) shall be as follows: Employee will not directly solicit the sale of goods, services, or a combination of goods and services from the established customers of the
Company or any other member of the Company Group. 
 (ii)    The passive beneficial ownership by Employee
of less than or equal to two percent of the outstanding publicly traded equity securities of any business that competes with any member of the Company Group in the Market Area shall not be a breach of this Agreement. 

  
 12 

 (d)    Because of the difficulty of measuring economic losses to the
Company Group as a result of a breach or threatened breach of the covenants set forth in Section 9 and in this Section 10, and because of the immediate and irreparable damage that would be caused
to the members of the Company Group for which they would have no other adequate remedy, the Company and each other member of the Company Group shall be entitled to enforce the foregoing covenants, in the event of a breach or threatened breach, by
injunctions and restraining orders from any court of competent jurisdiction, without the necessity of showing any actual damages or that money damages would not afford an adequate remedy, and without the necessity of posting any bond or other
security. The aforementioned equitable relief shall not be the Company’s or any other member of the Company Group’s exclusive remedy for a breach but instead shall be in addition to all other rights and remedies available to the Company
and each other member of the Company Group at law and equity. 
 (e)    The covenants in this
Section 10, and each provision and portion hereof, are severable and separate, and the unenforceability of any specific covenant (or portion thereof) shall not affect the provisions of any other covenant (or portion
thereof). Moreover, in the event any arbitrator or court of competent jurisdiction shall determine that the scope, time or territorial restrictions set forth are unreasonable, then it is the intention of the parties that such restrictions be
enforced to the fullest extent which such arbitrator or court deems reasonable, and this Agreement shall thereby be reformed. 

(f)    The following terms shall have the following meanings: 

(i)    “Business” shall mean the business and operations that are the
same or similar to those performed by the Company and any other member of the Company Group for which Employee provides services or about which Employee obtains Confidential Information during the Employment Period, which business and operations
include frac sand mining, mine-to-wellsite logistics, and wellsite delivery and storage systems. 

(ii)    “Business Opportunity” shall mean any commercial, investment
or other business opportunity relating to the Business.  
 (iii)    “Market
Area” shall mean: (A) the States of Texas, Montana, Ohio, New Mexico, New York, Oklahoma, West Virginia, Wisconsin, and Colorado; and (B) the Commonwealth of Pennsylvania. 

(iv)    “Prohibited Period” shall mean the period during which Employee is employed
by any member of the Company Group and continuing for a period of twelve (12) months following the date that Employee is no longer employed by any member of the Company Group. 

11.    Ownership of Intellectual Property. Employee agrees that the Company shall own,
and Employee shall (and hereby does) assign, all right, title and interest (including patent rights, copyrights, trade secret rights, mask work rights, trademark rights, and all other intellectual and industrial property rights of any sort
throughout the world) relating to any and all inventions (whether or not patentable), works of authorship, mask works, designs, know-how, ideas and 

  
 13 

 
information authored, created, contributed to, made or conceived or reduced to practice, in whole or in part, by Employee during the period in which Employee is or has been employed by or
affiliated with the Company or any other member of the Company Group that either (a) relate, at the time of conception, reduction to practice, creation, derivation or development, to any member of the Company Group’s businesses or actual
or anticipated research or development, or (b) were developed on any amount of the Company’s or any other member of the Company Group’s time or with the use of any member of the Company Group’s equipment, supplies, facilities or
trade secret information (all of the foregoing collectively referred to herein as “Company Intellectual Property”), and Employee shall promptly disclose all Company Intellectual Property to the Company. All of Employee’s
works of authorship and associated copyrights created during the period in which Employee is employed by or affiliated with the Company or any other member of the Company Group and in the scope of Employee’s employment or engagement shall be
deemed to be “works made for hire” within the meaning of the Copyright Act. Employee shall perform, during and after the period in which Employee is or has been employed by or affiliated with the Company or any other member of the Company
Group, all acts deemed necessary by the Company to assist each member of the Company Group, at the Company’s expense, in obtaining and enforcing its rights throughout the world in the Company Intellectual Property. Such acts may include
execution of documents and assistance or cooperation (i) in the filing, prosecution, registration, and memorialization of assignment of any applicable patents, copyrights, mask work, or other applications, (ii) in the enforcement of any
applicable patents, copyrights, mask work, moral rights, trade secrets, or other proprietary rights, and (iii) in other legal proceedings related to the Company Intellectual Property. If the Company or its designee is unable for any reason
whatsoever to obtain Employee’s signature to any documents that the Company is entitled to require Employee to sign pursuant to this Section 11, Employee hereby irrevocably designates and appoints the Company as
Employee’s agent and attorney-in-fact to act for and on behalf of Employee and in Employee’s stead to execute, deliver, and file all such documents (including,
without limitation, all applications for United States and foreign patents or for the reissue of such patents) and to do all other lawful acts that the Company is entitled to require Employee to do pursuant to this
Section 11. 
 12.    Business Records and Return of Company Property. Given the
competitive environment in which the Company does business and the fiduciary relationship that Employee will have with the Company hereunder, Employee agrees to promptly deliver to the Company, upon termination of Employee’s employment, or at
any other time when the Company so requests, all memoranda, notes, records, drawings, manuals, and other documents (and all copies thereof and therefrom) in any way relating to the business or affairs of the Company Group or any of its subsidiaries
or any of their clients, whether made or compiled by Employee or furnished to Employee by the Group or any of its employees, customers, clients, consultants, or agents. Employee confirms that all such memoranda, notes, records, drawings, manuals,
and other documents (and all copies thereof and therefrom) are the exclusive property of the Company Group. The obligation of confidentiality set forth in Section 9 shall continue notwithstanding Employee’s delivery of
any such documents to the Company or the termination of Employee’s employment hereunder for any reason. Further, Employee shall (a) return all equipment, records, files, programs or other materials and property in Employee’s
possession which belongs to the Company Group or any of its affiliates, including, without limitation, all computers, printers, laptops, personal data assistants, cell phones, credit cards, keys and access cards; (b) deliver all original and
copies of Confidential Information in Employee’s possession and notes, materials, 

  
 14 

 
records, plans, technical data or other documents, files or programs (whether stored in paper form, computer form, digital form, electronically or otherwise) in Employee’s possession that
contain Confidential Information; (c) search for and delete all Company Group information (other than the payroll information that Employee may need to file tax returns or keep for financial records), including all Confidential Information,
that may exist on Employee’s personal electronic devices such as a smartphone, laptop, tablet, personal computer, flash drive, or any other electronic storage device; and (d) if requested by the Company, certify to the return of such
Confidential Information (and the deletion of Confidential Information from Employee’s personal devices). 

13.    Arbitration. 

(a)    Subject to Section 13(b), any dispute, controversy or claim between Employee and any
member of the Company Group arising out of or relating to this Agreement or Employee’s employment or engagement with any member of the Company Group will be finally settled by arbitration in Houston, Texas in accordance with the then-existing
American Arbitration Association (“AAA”) Employment Arbitration Rules. The arbitration award shall be final and binding on both parties. Any arbitration conducted under this Section 13 shall be heard
by a single arbitrator (the “Arbitrator”) selected in accordance with the then-applicable rules of the AAA. The Arbitrator shall expeditiously hear and decide all matters concerning the dispute. Except as expressly provided
to the contrary in this Agreement, the Arbitrator shall have the power to (i) gather such materials, information, testimony and evidence as the Arbitrator deems relevant to the dispute before him or her (and each party will provide such
materials, information, testimony and evidence requested by the Arbitrator), and (ii) grant injunctive relief and enforce specific performance. The decision of the Arbitrator shall be reasoned, rendered in writing, be final and binding upon the
disputing parties and the parties agree that judgment upon the award may be entered by any court of competent jurisdiction. The party whom the Arbitrator determines is the prevailing party in such arbitration shall receive, in addition to any other
award pursuant to such arbitration or associated judgment, reimbursement from the other party of all reasonable legal fees and costs associated with such arbitration and associated judgment. The parties agree that all disputes shall be arbitrated on
an individual basis, and they forego and waive any right to arbitrate any dispute as a class action or collective action or on a consolidated basis or in a representative capacity on behalf of other persons or entities who are claimed to be
similarly situated, or to participate as a class member in such a proceeding. This provision is expressly made pursuant to and shall be governed by the Federal Arbitration Act, 9 U.S.C. Sections 1-14. 

(b)    Notwithstanding Section 13(a), either party may make a timely application for, and
obtain, judicial emergency or temporary injunctive relief to enforce any of the provisions of Sections 9 through 11; provided, however, that the remainder of any such dispute (beyond the application for emergency or
temporary injunctive relief) shall be subject to arbitration under this Section 13. 

(c)    By entering into this Agreement and entering into the arbitration provisions of this
Section 13, THE PARTIES EXPRESSLY ACKNOWLEDGE AND AGREE THAT THEY ARE KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVING THEIR RIGHTS TO A JURY TRIAL. 

  
 15 

 (d)    Nothing in this Section 13 shall
prohibit a party to this Agreement from (i) instituting litigation to enforce any arbitration award, or (ii) joining the other party to this Agreement in a litigation initiated by a person or entity that is not a party to this Agreement.
Further, nothing in this Section 13 precludes Employee from filing a charge or complaint with a federal, state or other governmental administrative agency. 

(e)    Arbitration processes, awards, findings and determinations of disputes under this Agreement shall be private and
kept confidential by the parties, except to the extent disclosure of the terms of such processes, awards, findings, or determinations are required to be disclosed by law or court order, in which case (i) the disclosing party shall provide the
other party as much advance notice of such required disclosure as is practicable and shall cooperate in all reasonable respects with any efforts by such other party (at such other party’s expense) to limit or restrict such required, and
(ii) the disclosing party shall limit such required disclosures to the information that is legally required to be disclosed. 

14.    Defense of Claims. During the Employment Period and thereafter, upon request from the Company,
Employee shall cooperate with the Company Group in the defense of any claims or actions that may be made by or against any member of the Company Group, or in providing information, including participating in interviews with the Company Group or its
legal counsel, with respect to any audits or investigations that relate to Employee’s actual or prior areas of responsibility. 

15.    Withholdings; Deductions. The Company may withhold and deduct from any benefits and payments
made or to be made pursuant to this Agreement (a) all federal, state, local and other taxes as may be required pursuant to any law or governmental regulation or ruling and (b) any deductions consented to in writing by Employee. 

16.    Title and Headings; Construction. Titles and headings to Sections hereof are for the purpose
of reference only and shall in no way limit, define or otherwise affect the provisions hereof. Any and all Exhibits or Attachments referred to in this Agreement are, by such reference, incorporated herein and made a part hereof for all purposes.
Unless the context requires otherwise, all references to laws, regulations, contracts, agreements and instruments refer to such laws, regulations, contracts, agreements and instruments as they may be amended from time to time, and references to
particular provisions of laws or regulations include a reference to the corresponding provisions of any succeeding law or regulation. All references to “dollars” or “$” in this Agreement refer to United States dollars. The word
“or” is not exclusive. The words “herein”, “hereof”, “hereunder” and other compounds of the word “here” shall refer to the entire Agreement, including all Exhibits attached hereto, and not to any
particular provision hereof. Wherever the context so requires, the masculine gender includes the feminine or neuter, and the singular number includes the plural and conversely. All references to “including” shall be construed as meaning
“including without limitation.” Neither this Agreement nor any uncertainty or ambiguity herein shall be construed or resolved against any party hereto, whether under any rule of construction or otherwise. On the contrary, this Agreement
has been reviewed by each of the parties hereto and shall be construed and interpreted according to the ordinary meaning of the words used so as to fairly accomplish the purposes and intentions of the parties hereto. 

  
 16 

 17.    Applicable Law; Submission to Jurisdiction. This
Agreement shall in all respects be construed according to the laws of the State of Texas without regard to its conflict of laws principles that would result in the application of the laws of another jurisdiction. With respect to any claim or dispute
related to or arising under this Agreement, the parties hereby consent to the arbitration provisions of Section 13 and recognize and agree that should any resort to a court be necessary and permitted under this Agreement,
then they consent to the exclusive jurisdiction, forum and venue of the state and federal courts (as applicable) located in Harris County, Texas. 

18.    Entire Agreement and Amendment. This Agreement, the LTIP and any applicable award agreements
under the LTIP contain the entire agreement of the parties with respect to the matters covered herein and supersede all prior and contemporaneous agreements and understandings, oral or written, between the parties hereto concerning the subject
matter hereof; provided, however, Employee acknowledges that the terms of any agreements between Employee and any member of the Company Group that create obligations for Employee with respect to confidentiality,
non-disclosure, non-competition or non-solicitation shall be complemented (and not superseded) by this Agreement and remain in
full force and effect. In entering into this Agreement, Employee expressly acknowledges and agrees that Employee has received all sums and compensation that Employee has been owed, is owed or ever could be owed for services provided to any member of
the Company Group through the date Employee signs this Agreement, with the exception of any unpaid base salary for the pay period that includes the date on which Employee signs this Agreement. Employee represents and acknowledges that in executing
this Agreement, Employee does not rely, and has not relied, upon any representation(s) by the Company or its agents except as expressly contained in this Agreement. The parties agree that they have each used their own judgment in entering into this
Agreement. This Agreement may be amended only by a written instrument executed by both parties hereto. 

19.    Waiver of Breach. Any waiver of this Agreement must be executed by the party to be bound by
such waiver. No waiver by either party hereto of a breach of any provision of this Agreement by the other party, or of compliance with any condition or provision of this Agreement to be performed by such other party, will operate or be
construed as a waiver of any subsequent breach by such other party or any similar or dissimilar provision or condition at the same or any subsequent time. The failure of either party hereto to take any action by reason of any breach will not deprive
such party of the right to take action at any time. 
 20.    Assignment. This Agreement is
personal to Employee, and neither this Agreement nor any rights or obligations hereunder shall be assignable or otherwise transferred by Employee. The Company may assign this Agreement without Employee’s consent, including to any member of the
Company Group and to any successor to or acquirer of (whether by merger, purchase or otherwise) all or substantially all of the equity, assets or businesses of the Company. 

21.    Notices. Notices provided for in this Agreement shall be in writing and shall be deemed to
have been duly received (a) when delivered in person, (b) when sent by facsimile transmission (with confirmation of transmission) on a Business Day to the number set forth below, if applicable; provided, however, that if a
notice is sent by facsimile transmission after normal business hours of the recipient or on a non-Business Day, then it shall be deemed to have been received on the next Business Day after it is sent,
(c) on the first Business Day after such notice is 

  
 17 

 
sent by express overnight courier service, or (d) on the second Business Day following deposit with an internationally-recognized second-day courier
service with proof of receipt maintained, in each case, to the following address, as applicable: 
 If to the Company, addressed to:

 Hi-Crush Services LLC 

1330 Post Oak Blvd., Suite 600 

Houston, Texas 77056 

If to Employee, addressed to: the last address appearing in the Company’s employment records. 

22.    Counterparts. This Agreement may be executed in any number of counterparts, including by
electronic mail or facsimile, each of which when so executed and delivered shall be an original, but all such counterparts shall together constitute one and the same instrument. Each counterpart may consist of a copy hereof containing multiple
signature pages, each signed by one party, but together signed by both parties hereto. 
 23.    Deemed
Resignations. Except as otherwise determined by the Board or as otherwise agreed to in writing by Employee and any member of the Company Group prior to the termination of Employee’s employment with the Company or any member of
the Company Group, any termination of Employee’s employment shall constitute, as applicable, an automatic resignation of Employee: (a) as an officer of the Company and each member of the Company Group; (b) from the Board; and
(c) from the board of directors or board of managers (or similar governing body) of any member of the Company Group and from the board of directors or board of managers (or similar governing body) of any corporation, limited liability entity,
unlimited liability entity or other entity in which any member of the Company Group holds an equity interest and with respect to which board of directors or board of managers (or similar governing body) Employee serves as such Company Group
member’s designee or other representative. 
 24.    Section 409A.  

(a)    Notwithstanding any provision of this Agreement to the contrary, all provisions of this Agreement are intended to
comply with Section 409A of the Internal Revenue Code of 1986 (the “Code”), and the applicable Treasury regulations and administrative guidance issued thereunder (collectively,
“Section 409A”) or an exemption therefrom and shall be construed and administered in accordance with such intent. Any payments under this Agreement that may be excluded from Section 409A
either as separation pay due to an involuntary separation from service or as a short-term deferral shall be excluded from Section 409A to the maximum extent possible. For purposes of Section 409A, each installment payment provided under
this Agreement shall be treated as a separate payment. Any payments to be made under this Agreement upon a termination of Employee’s employment shall only be made if such termination of employment constitutes a “separation from
service” under Section 409A. 
 (b)    To the extent that any right to reimbursement of expenses or payment of
any benefit in-kind under this Agreement constitutes nonqualified deferred compensation (within the meaning of Section 409A), (i) any such expense reimbursement shall be made by the Company no later than
the last day of Employee’s taxable year following the taxable year in which such 

  
 18 

 
expense was incurred by Employee, (ii) the right to reimbursement or in-kind benefits shall not be subject to liquidation or exchange for another
benefit, and (iii) the amount of expenses eligible for reimbursement or in-kind benefits provided during any taxable year shall not affect the expenses eligible for reimbursement or in-kind benefits to be provided in any other taxable year; provided, that the foregoing clause shall not be violated with regard to expenses reimbursed under any arrangement covered by
Section 105(b) of the Code solely because such expenses are subject to a limit related to the period in which the arrangement is in effect. 

(c)    Notwithstanding any provision in this Agreement to the contrary, if any payment or benefit provided for herein
would be subject to additional taxes and interest under Section 409A if Employee’s receipt of such payment or benefit is not delayed until the earlier of (i) the date of Employee’s death or (ii) the date that is six
(6) months after the Termination Date (such date, the “Section 409A Payment Date”), then such payment or benefit shall not be provided to Employee (or Employee’s estate, if
applicable) until the Section 409A Payment Date. Notwithstanding the foregoing, the Company makes no representations that the payments and benefits provided under this Agreement are exempt from, or compliant with, Section 409A and in no
event shall any member of the Company Group be liable for all or any portion of any taxes, penalties, interest or other expenses that may be incurred by Employee on account of non-compliance with
Section 409A. 
 25.    Certain Excise Taxes. Notwithstanding anything to the contrary in this
Agreement, if Employee is a “disqualified individual” (as defined in Section 280G(c) of the Code), and the payments and benefits provided for in this Agreement, together with any other payments and benefits which Employee has the
right to receive from the Company or any of its affiliates, would constitute a “parachute payment” (as defined in Section 280G(b)(2) of the Code), then the payments and benefits provided for in this Agreement shall be either
(a) reduced (but not below zero) so that the present value of such total amounts and benefits received by Employee from the Company or any of its affiliates shall be one dollar ($1.00) less than three times Employee’s “base
amount” (as defined in Section 280G(b)(3) of the Code) and so that no portion of such amounts and benefits received by Employee shall be subject to the excise tax imposed by Section 4999 of the Code or (b) paid in full, whichever
produces the better net after-tax position to Employee (taking into account any applicable excise tax under Section 4999 of the Code and any other applicable taxes). The reduction of payments and
benefits hereunder, if applicable, shall be made by reducing, first, payments or benefits to be paid in cash hereunder in the order in which such payment or benefit would be paid or provided (beginning with such payment or benefit that would be made
last in time and continuing, to the extent necessary, through to such payment or benefit that would be made first in time) and, then, reducing any benefit to be provided in-kind hereunder in a similar
order. The determination as to whether any such reduction in the amount of the payments and benefits provided hereunder is necessary shall be made by the Company in good faith. If a reduced payment or benefit is made or provided and
through error or otherwise that payment or benefit, when aggregated with other payments and benefits from the Company or any of its affiliates used in determining if a “parachute payment” exists, exceeds one dollar ($1.00) less than three
times Employee’s base amount, then Employee shall immediately repay such excess to the Company upon notification that an overpayment has been made. Nothing in this Section 25 shall require the Company to be
responsible for, or have any liability or obligation with respect to, Employee’s excise tax liabilities under Section 4999 of the Code. 

  
 19 

 26.    Clawback. To the extent required by
applicable law or any applicable securities exchange listing standards, or as otherwise determined by the Board (or a committee thereof), amounts paid or payable under this Agreement shall be subject to the provisions of any applicable clawback
policies or procedures adopted by the Company, which clawback policies or procedures may provide for forfeiture and/or recoupment of amounts paid or payable under this Agreement. Notwithstanding any provision of this Agreement to the contrary,
the Company reserves the right, without the consent of Employee, to adopt any such clawback policies and procedures, including such policies and procedures applicable to this Agreement with retroactive effect. 

27.    Effect of Termination. The provisions of Sections 7, 9-15 and 23 and
those provisions necessary to interpret and enforce them, shall survive any termination of this Agreement and any termination of the employment relationship between Employee and the Company. 

28.    Third-Party Beneficiaries. Each member of the Company Group that is not a signatory to this Agreement
shall be a third-party beneficiary of Employee’s obligations under Sections 8, 9, 10, 11, 12 and 23 and shall be entitled to enforce such obligations as if a party hereto. 

29.    Severability. If an arbitrator or court of competent jurisdiction determines that any provision of
this Agreement (or portion thereof) is invalid or unenforceable, then the invalidity or unenforceability of that provision (or portion thereof) shall not affect the validity or enforceability of any other provision of this Agreement, and all other
provisions shall remain in full force and effect. 
 [Remainder of Page Intentionally Blank; 

Signature Page Follows] 

  
 20 

 IN WITNESS WHEREOF, Employee, the Company and Parent each have caused this Agreement
to be executed and effective as of the Effective Date. 
  

			
	EMPLOYEE
	
	 /s/ James Philip McCormick

	Name: James Philip McCormick
	
	HI-CRUSH SERVICES LLC
		
	By:	 	 /s/ Robert E. Rasmus

	Name:	 	Robert E. Rasmus
	Title:	 	Chief Executive Officer
	
	Solely for purposes of Sections 3(d), 7(f)(iii)(D), 7(f)(iii)(E) and 7(f)(iv):
	
	HI-CRUSH INC.
		
	By:	 	 /s/ Robert E. Rasmus

	Name:	 	Robert E. Rasmus
	Title:	 	Chief Executive Officer

 SIGNATURE PAGE TO 

EMPLOYMENT AGREEMENTExhibit

FIRST AMENDMENT TO OFFICE LEASE
 THIS FIRST AMENDMENT TO OFFICE LEASE (this “Amendment”) is made and entered into as of August 29, 2019, by and between KR 100 FIRST STREET OWNER, LLC, a Delaware limited liability company (“Landlord”), and OKTA, INC., a Delaware corporation (“Tenant”).
RECITALS
		
	A.
	Landlord and Tenant are parties to that certain Office Lease dated December 2, 2017 (the “Lease”).  Pursuant to the Lease, Landlord has leased to Tenant space currently containing 207,066 rentable square feet (the “Initial Premises”) in the building located at 100 First Street, San Francisco, California (the “Building”), comprised of:  (i) 23,289 rentable square feet of space described as Suite 400 on the fourth (4th) floor of the Building; (ii) 23,289 rentable square feet of space described as Suite 500 on the fifth (5th) floor of the Building; (iii) 23,289 rentable square feet of space described as Suite 600 on the sixth (6th) floor of the Building; (iv) 23,289 rentable square feet of space described as Suite 700 on the seventh (7th) floor of the Building; (v) 19,039 rentable square feet of space described as Suite 800 on the eighth (8th) floor of the Building; (vi) 19,039 rentable square feet of space described as Suite 900 on the ninth (9th) floor of the Building; (vii) 19,039 rentable square feet of space described as Suite 1000 on the tenth (10th) floor of the Building; (viii) 19,039 rentable square feet of space described as Suite 1100 on the eleventh (11th) floor of the Building; (ix) 19,060 rentable square feet of space described as Suite 1400 on the fourteenth (14th) floor of the Building; and (x) 18,694 rentable square feet of space described as Suite 1500 on the fifteenth (15th) floor of the Building.  Pursuant to the Lease, Landlord has also leased to Tenant space currently containing 47,939 rentable square feet (the “Must-Take Space”), comprised of (a) 9,137 rentable square feet of space described as Suite 1200 on the twelfth (12th) floor of the Building; (b) 19,401 rentable square feet of space described as Suite 1600 on the sixteenth (16th) floor of the Building; and (c) 19,401 rentable square feet of space described as Suite 1700 on the seventeenth (17th) floor of the Building. The Must-Take Space together with the Initial Premises are collectively referred to herein as the “Original Premises”.

		
	B.
	Tenant has requested that additional space containing 11,361 rentable square feet described as Suite 2400 on the twenty-fourth (24th) floor of the Building, as shown on Exhibit A hereto (the “Expansion Space”), be added to the Original Premises and that the Lease be appropriately amended and Landlord is willing to do the same on the following terms and conditions.

 NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Landlord and Tenant agree as follows:
		
	1.
	Expansion and Effective Date.  Effective as of the date that is six (6) months after the Expansion Delivery Date (as defined below) (the “Expansion Effective Date”), the Initial Premises is increased from 207,066 rentable square feet in the Building to 218,427 rentable square feet in the Building by the addition of the Expansion Space, and from and after the Expansion Effective Date, the Initial Premises and the Expansion Space, collectively, shall be deemed the “Premises”, as defined in the Lease, and as used herein. The Lease Term for the Expansion Space shall commence on the Expansion Effective Date and end on the Lease Expiration Date (i.e., October 31, 2028).  The Expansion Space is subject to all the terms and conditions of the Lease except as expressly modified herein and except that Tenant shall not be entitled to receive any allowances, abatements or other financial concessions granted with respect to the Original Premises unless such concessions are expressly provided for herein with respect to the Expansion Space.  Without limiting the generality of the foregoing, during any period from and after the Expansion Effective Date that Tenant is entitled to provide janitorial services, equipment and supplies to the Expansion Space and Tenant does provide such janitorial services, equipment and supplies to the Expansion Space in 

accordance with Section 6.1.5 of the Lease, Tenant shall be entitled to the Janitorial Credit, subject to and in accordance with the terms and conditions of Section 6.1.5 of the Lease.
		
	1.1
	Subject to Section 1.4 below, Landlord anticipates delivery of the Expansion Space will occur on September 1, 2019 (the “Anticipated Expansion Delivery Date”) and Tenant shall accept possession of the Expansion Space as of the date Landlord delivers possession of the Expansion Space to Tenant (the “Expansion Delivery Date”) in the Delivery Condition as defined in the Work Letter attached to the Lease as Exhibit B (the “Work Letter”).  If Landlord fails to deliver the Expansion Space within sixty (60) days of the Anticipated Expansion Delivery Date in the Delivery Condition, Tenant shall be entitled to an abatement of Base Rent in an amount equal to the per diem Base Rent 

    

1

for the Expansion Space that would have been applicable to the Expansion Space had Landlord delivered the Expansion Space on the Anticipated Expansion Delivery Date in the Delivery Condition, for every day in the period beginning on the Anticipated Expansion Delivery Date and ending on the Expansion Delivery Date.  Any abatement accrued pursuant  to this Section 1.1 shall be automatically applied to the first payment of Base Rent due on the Expansion Space Landlord and Tenant acknowledge and agree that: (i) the determination of the date on which Landlord tenders possession of the subject Expansion Space shall be delayed on a day for day basis for each day to the extent such delay is caused by the acts or omissions of Tenant or any Tenant Parties (including without limitation, any failure of Tenant to timely deliver any additional insurance certificate or security required to be delivered with the Expansion Space, as applicable); and (ii) the Anticipated Expansion Delivery Date shall be postponed by the number of days Landlord’s delivery of the subject Expansion Space is delayed due to events of Force Majeure.  In no event shall Tenant be required to take delivery of the Expansion Space prior to September 1, 2019.

		
	1.2
	If Landlord is unable for any reason to deliver possession of the Expansion Space to Tenant on the Anticipated Expansion Delivery Date, such failure shall not affect the validity of this Amendment or the obligations of Tenant hereunder (except as otherwise expressly provided in the Lease, as amended hereby), provided that if such delay is the result of a holdover by the prior tenant, Landlord shall use commercially reasonable efforts to recover possession of the Expansion Space and deliver the same to Tenant.  The Expansion Delivery Date shall be delayed to the extent that Landlord fails to deliver possession of the Expansion Space for any reason, including but not limited to, holding over by prior occupants.  Except as otherwise expressly provided in Section 1.1 above and Section 1.5 below, any such delay in the Expansion Delivery Date shall not subject Landlord to any liability for any loss or damage resulting therefrom.  If the Expansion Delivery Date is delayed, the Lease Expiration Date under the Lease shall not be similarly extended.

		
	1.3
	Subject to the applicable express terms of Section 7 below, the Expansion Space (including improvements, if any) shall be accepted by Tenant broom clean and in its “asbuilt” condition and configuration existing on the Expansion Delivery Date.  Landlord shall provide an allowance (the “Expansion Space Improvement Allowance”) in the amount of up to $1,136,100.00 (i.e., $100.00 per rentable square foot of the Expansion Space).  Such Expansion Space Improvement Allowance shall be applied toward the cost of initial improvements to be performed in the Expansion Space (the “Expansion Space

Improvements”) in accordance with the TCCs of the Work Letter.  The Expansion Space Improvement Allowance shall be disbursed during construction of the Expansion Space Improvements in the same manner and subject to the same conditions and limitations as applicable to the disbursement of the “Improvement Allowance” pursuant to the Work Letter, except as modified by Section 8 hereof.  A Coordination Fee (as defined in the Work 
Letter) of Eight Thousand Two Hundred and No/100 Dollars ($8,200.00) shall be payable to Landlord in connection with the Expansion Space Improvements.
		
	1.4
	Subject to the terms of this Section 1.4, as of the later of (i) the applicable Expansion Delivery Date; or (ii) the date that is one (1) business day following the date that Tenant has delivered all prepaid rental and insurance certificates required hereunder, Landlord grants Tenant the right to enter the subject Expansion Space at Tenant’s sole risk, solely for the purpose of performing the Expansion Space Improvements and installing telecommunications and data cabling, equipment, furnishings and other personalty, in accordance with the terms and conditions of this Amendment and the Lease.  In addition, upon Tenant’s Substantial Completion of the Expansion Space Improvements, Tenant shall have the right to conduct business operations within the Premises prior to the Expansion Effective Date, subject to and in accordance with the terms of this Section 1.4.  Such possession prior to the Expansion Effective Date shall be subject to all of the terms and conditions of the Lease, as amended, except that Tenant shall not be required to pay Base Rent or Tenant’s Share of Direct Expenses applicable to the Expansion Space with respect to the period of time prior to the Expansion Effective Date during which Tenant occupies the Expansion Space solely for such purposes; provided, however, that Tenant shall be obligated to pay (a) the costs and expenses, calculated in accordance with the TCCs of Section 6.2 of the Lease, associated with any HVAC provided to Tenant after Building Hours (as defined below) at Tenant’s request and (b) Landlord’s reasonable costs and expenses to provide any additional Building security after Building Hours required due to any reasonable increased risk to property at the 

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Building from Tenant’s construction activities as mutually agreed upon by Landlord and Tenant or as may otherwise be required by applicable Law.  Notwithstanding the foregoing, if Tenant takes possession of any portion of the Expansion Space before the applicable Expansion Effective Date for the purpose of conducting Tenant’s business therein, such possession shall be subject to the terms and conditions of the Lease, as amended, and Tenant shall pay Base Rent and Tenant’s Share of Direct Expenses for the Expansion Space and any other charges payable hereunder commencing on the date on which Tenant commenced conduct of business in the Expansion Space.  Said early possession shall not advance the Lease Expiration Date.
		
	1.5
	In addition to any abatement accrued pursuant to Section 1.1 above, in the event the Expansion Delivery Date with respect to the Expansion Space has not occurred on or before May 1, 2020 (the “Outside Expansion Space Date”), Tenant, as its sole remedy, may terminate this Amendment, solely with respect to the Expansion Space (in which case, the Lease, as amended hereby, solely with respect to the Expansion Space, shall terminate), by giving Landlord written notice of termination on or before the earlier to occur of:  (i) five (5) business days after the Outside Expansion Space Date; and (ii) the Expansion Delivery Date.  In such event, (A) the Lease shall be deemed terminated solely with respect to the Expansion Space (but shall continue in full force and effect as to the remaining portions of the Premises) and the provisions of this Amendment relating to the Expansion Space shall be null and void; (B) the required L-C Amount under the Lease shall be reduced by the portion of the Additional L-C Amount applicable to the Expansion Space (as set forth in Section 4 below); and (C) the Expansion Space shall be deemed to be a Potential First Offer Space and subject to the TCCs of Section 1.3 of the Lease; provided, however, that, if the Expansion Space is subsequently deemed a Potential First Offer Space, then in such event, the First Offer Rent for the Expansion Space shall be the lesser of (I) Market Rent and (II) the then-current Base Rent payable for the Expansion Space under this Amendment.  Landlord and Tenant acknowledge and agree that the Outside Expansion Space Date shall be postponed by the number of days Landlord’s delivery of the Expansion Space is delayed due to events of Force Majeure.

		
	2.
	Must-Take Space.  As set forth in the Lease, Andersen Tax LLC, a Delaware limited liability company (the “Existing Must-Take Space Tenant”), is the current tenant of the Must-Take Space.  Landlord represents that the Existing Must-Take Space Tenant did not exercise its option to renew the term for its lease of the Must-Take Space.  Accordingly, Landlord anticipates that Landlord will deliver the Must-Take Space in its entirety to Tenant on February 1, 2020.

		
	3.
	Expansion Space Base Rent.  As of the Expansion Effective Date, the schedule of Base Rent payable with respect to the Expansion Space for the balance of the original Lease Term is the following.

	
					
	Period
	Rentable
Square
Footage
	Annual  Base Rent*
	Monthly
Installment of Base
Rent*
	Annual
Rental Rate per Rentable
Square Foot*

	Expansion Space Lease Year 1
	11,361
	$1,011,129.00
	$84,260.75
	$89.00

	Expansion Space Lease Year 2
	11,361
	$1,041,462.87
	$86,788.57
	$91.67

	Expansion Space Lease Year 3
	11,361
	$1,072,706.76
	$89,392.23
	$94.42**

	Expansion Space Lease Year 4
	11,361
	$1,104,887.96
	$92,074.00
	$97.25**

	Expansion Space Lease Year 5
	11,361
	$1,138,034.60
	$94,836.22
	$100.17**

	Expansion Space Lease Year 6
	11,361
	$1,172,175.64
	$97,681.30
	$103.18**

	Expansion Space Lease Year 7
	11,361
	$1,207,340.91
	$100,611.74
	$106.27**

	Expansion Space Lease Year 8
	11,361
	$1,243,561.14
	$103,630.10
	$109.46**

	Expansion Space Lease Year 9
	11,361
	$1,280,867.97
	$106,739.00
	$112.74**

All such Base Rent shall be payable by Tenant in accordance with the terms of the Lease, as amended hereby.
For purposes of the foregoing schedule, “Expansion Space Lease Year 1” shall mean the twelve (12) calendar month period commencing on the Expansion Effective Date and ending on the last day of the month in which the first anniversary of the Expansion Effective Date occurs (or if the Expansion Effective Date is the first day of a calendar month, then the first Expansion Space Lease Year shall commence on the Expansion Effective Date and end on the day immediately preceding the first anniversary of the Expansion Effective Date), and the second and each succeeding Expansion Space Lease Year shall commence on the first day of the next calendar month; and further provided that the last Expansion Space Lease Year shall end on the Lease Expiration Date.

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*  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 Space, and the initial Monthly Installment of Base Rent amount was calculated by dividing the initial Annual Base Rent amount by twelve (12).  Both Tenant and Landlord acknowledge and agree that multiplying the Monthly Installment of Base Rent amount by twelve (12) does not always equal the Annual Base Rent amount.  The calculation of each Annual Base Rent amount reflects an annual increase of three percent (3%) commencing on the first (1st) day of Expansion Space Lease Year 2 and each Monthly Installment of Base Rent amount was calculated by dividing the corresponding Annual Base Rent amount by twelve (12).
**  The amount(s) identified in the column entitled “Annual Rental Rate per Rentable Square Foot” are rounded amounts provided for informational purposes only.
		
	4.
	Letter of Credit.  Landlord is currently holding a letter of credit (the “Letter of Credit”) in the amount of $8,000,000.00 (the “L-C Amount”) as collateral for Tenant’s performance of its 

obligations under the Lease, as amended hereby.  Subject to the remaining terms of this Section 4, Tenant shall deliver to Landlord on or before December 15, 2019, an amendment to the existing
Letter of Credit (the “Additional Expansion L-C Amendment”), increasing the L-C Amount by an amount equal to $320,217.00 (the “Additional L-C Amount”); provided, however, that Tenant 
shall not be required to deliver the Additional Expansion L-C Amendment, if, as of October 31, 2019 (the “Expansion L-C Reference Date”), Tenant’s Financial Information reflects Tenant’s satisfaction of the Must-Take L-C Withdrawal Conditions.
In lieu of providing Landlord with the Additional Expansion L-C Amendment as provided above and/or the 25th Floor Must-Take L-C Amendment (as defined below), if applicable, Tenant may instead deliver to Landlord a replacement letter of credit (a “Replacement Letter of Credit”) in the then required L-C Amount.  Any amendment to the existing Letter of Credit or Replacement Letter of Credit provided to Landlord pursuant to this Section 4 shall comply with the terms of Article 21 of the Lease.
		
	5.
	Tenant’s Share.  For the period commencing with the Expansion Effective Date and ending on the Lease Expiration Date, Tenant’s Share for the Expansion Space is 2.51% of the Office Space.  Tenant’s Share for the Expansion Space and the Original Premises (which, by definition, includes the Must-Take Space once added) is, collectively, 58.79% of the Office Space.

		
	6.
	Additional Rent.  For the period commencing with the Expansion Effective Date and ending on the Lease Expiration Date, Tenant shall pay for Tenant’s Share of Direct Expenses applicable to the Expansion Space in accordance with the terms of the Lease, as amended hereby; provided, however, during such period, the Base Year for the computation of Tenant’s Share of Direct Expenses solely with respect to the Expansion Space is calendar year 2020; provided, further, however, that if the actual Expansion Effective Date occurs after September 30th, 2020, the Base Year for the computation of Tenant’s Share of Direct Expenses solely with respect to the Expansion Space shall be calendar year 2021.

		
	7.
	Improvements.

		
	7.1
	Condition of Expansion Space.  Except as specifically set forth in this Amendment and the Work Letter, Tenant shall accept the Expansion Space 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 Expansion Space.  However, notwithstanding the foregoing, Landlord agrees that the Building Systems serving the Expansion Space shall be in good working order as of the date Landlord delivers possession of the Expansion Space to Tenant.  Except to the extent caused by a BS/BS Exception or otherwise arising in connection with any Alterations performed by or on behalf of Tenant, if such Building Systems serving the Expansion Space are not in good working order as of the date possession of the Expansion Space is delivered to Tenant, Landlord shall be responsible for repairing the same at Landlord’s sole cost and expense, provided that Tenant has delivered written notice to Landlord with respect to any Building Systems in the Expansion Space, no later than forty-five (45) days following the Expansion Effective Date.

		
	7.2
	Responsibility for Improvements to Expansion Space.  Landlord shall perform the Landlord Work (as defined in the Work Letter) in accordance with the terms of the Work Letter, as amended by Section 8 below.

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	8.
	Work Letter Revisions.  The construction of the Expansion Space Improvements shall be governed by the terms of the Work Letter and not the terms of Article 8 of the Lease.  Accordingly, for purposes of this Amendment, (i) all references in the Work Letter to “Improvements” shall mean and refer to the “Expansion Space Improvements”, (ii) all references in the Work Letter to “Must-Take Space” and “Must-Take Space Improvements” shall mean and refer to the “Expansion Space” and “Expansion Space Improvements”, respectively, (iii) all references in the Work Letter to “Improvement Allowance” shall mean the “Expansion Space Improvement Allowance”, (iv) all references in the Work Letter to “Delivery Date” shall mean 

“Expansion Delivery Date”, (v) all references in the Work Letter to “Lease Commencement Date” shall mean “Expansion Effective Date”, (vi) the third to final sentence of Section 2.2.2.1 of the Work Letter shall be revised to read as follows: “Within ten (10) days thereafter, Landlord shall deliver a check made payable to the applicable Contractor 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 applicable Expansion Space Improvement Allowance (excluding 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.”, (vii) the phrase “Subject to the provisions of this Work Letter, a check for the Final Retention payable jointly to Tenant and the applicable Contractor, or directly to such Contractor at Landlord’s reasonable discretion” at the start of Section 2.2.2.2 of the Work Letter shall be revised to read as follows: “Subject to the provisions of this Work Letter, a check for the Final Retention made payable to the applicable Contractor”, (viii) Section 4.2.1.2 of the Work Letter shall be deleted in its entirety, (ix) the reference to “One Hundred Fifty Thousand and 00/100 Dollars ($150,000.00)” in the second sentence of Section 4.2.2.1 shall be replaced by the following: “Eight Thousand Two Hundred and 00/100 Dollars ($8,200.00)”, (x) the reference to “634 Second Street, San Francisco, California, as designated by Landlord” in Section 4.2.5 shall be deleted in its entirety, (xi) Eddie Perez shall be removed as a Landlord’s representative from Section 6.2 of the Work Letter, (xii) the Construction Risk Alternative shall not apply to the Expansion Space Improvements and Landlord shall have no right to deliver Landlord’s Construction Risk Notice with respect to such Expansion Space Improvements, (xiii) the references to “IA Interior Architect” in Section 3.1 of the Work Letter shall be replaced with “M Moser Associates” as an Architect approved by Landlord; (xiv) Section 1.2.4 of the Work Letter shall be deleted in its entirety; and (xv) Section 1.2.5 of the Work Letter shall be replaced by the following:  “Landlord’s failure to substantially complete the Required Compliance Corrections within the timeframe set forth in Section 1.2.3 above shall be deemed a “Landlord Caused Delay”, as that term is defined in Section 5.1 below”.  Notwithstanding anything to the contrary contained in the Work Letter, Landlord shall make all payments from the Expansion Space Improvement Allowance to the applicable Contractors first and thereafter any remaining amounts shall be the responsibility of Tenant, it being the intent of the parties that no funds or payment shall be made on a pari passu basis.

		
	9.
	Landlord’s Consent to Assignment or Sublease of Suite 2500.  Landlord represents that Landlord, as landlord, and AppsFlyer Inc., a Delaware corporation (including any successors or assigns, “AppsFlyer”), as tenant, are parties to that certain Office Lease dated August 18, 2017 (the “AppsFlyer Lease”) for 11,635 rentable square feet of space described as Suite 2500 (“Suite 2500”) on the twenty-fifth (25th) floor of the Building.  Subject to Landlord’s Recapture Right (as defined in Section 10.1 below) set forth in the AppsFlyer Lease, provided that (i) Tenant is not in default beyond notice and cure periods under the Lease, as amended hereby; and (ii) Tenant delivers a fully executed assignment agreement fully assigning all of AppsFlyer’s right, title and interest in and to the AppsFlyer Lease to Tenant or a fully executed sublease agreement, as applicable, Landlord shall consent to such assignment or sublease, as applicable.  Upon Landlord’s request, Tenant agrees to execute a commercially reasonable consent agreement.

		
	10.
	Contingent 25th Floor Must-Take Space.

		
	10.1
	If, (i) in connection with a proposed assignment, sublease or other transfer by AppsFlyer for which Landlord has a right to recapture the subject space, Landlord, in its sole and absolute discretion and pursuant to its rights contained in the applicable lease, at any time during the initial Lease Term, exercises its recapture right set forth in the AppsFlyer Lease (the “Recapture Right”), or (ii) the AppsFlyer Lease is terminated for any reason other than Landlord’s exercise of the Recapture Right prior to its stated termination date of June 30, 2025 (the “AppsFlyer Lease Early Termination”), then Tenant shall be required to lease from Landlord and Landlord shall be required to lease to Tenant Suite 2500 (hereinafter, the “25th Floor Must-Take Space”).  Landlord covenants and agrees to not 

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extend the term for the AppsFlyer Lease beyond its present termination date existing as of the date hereof which Landlord represents and warrants to Tenant is June 30, 2025.  
Notwithstanding the above, if Landlord would be entitled to exercise the Recapture Right over all or any portion of the 25th Floor Must-Take Space in connection with a proposed assignment, sublease or other transfer to Tenant pursuant to this Section 10, Tenant, prior to entering into a sublease or assignment with AppsFlyer, shall have the right to advise Landlord (the “AppsFlyer Prior Notice”) of its intention to sublet the 25th Floor MustTake Space or assume the AppsFlyer Lease.  In the AppsFlyer Prior Notice, Tenant shall describe whether Tenant intends to assume the AppsFlyer Lease or whether Tenant intends to sublease all or a portion of the 25th Floor Must-Take Space (and the portion of the 25th Floor Must-Take Space Tenant intends to sublease), the agreed upon economic terms (e.g., rent, tenant improvements, allowances and concessions) and the expected effective date of the proposed assignment or sublease.  Landlord, by providing notice to Tenant within thirty (30) days after receipt of the AppsFlyer Prior Notice, shall notify Tenant of whether Landlord shall or shall not exercise the Recapture Right over the subject portion of the 25th Floor Must-Take Space, and by delivery of such notice shall covenant and agree to exercise the Recapture Right as of the effective date set forth in the AppsFlyer Prior Notice.  If Landlord fails to so notify Tenant within such thirty (30) day period after the AppsFlyer Prior Notice, and if Tenant, within ninety (90) days after the earlier of (i) the date Landlord notifies Tenant Landlord shall not recapture the subject portion of the 25th Floor Must-Take Space, and (ii) the expiration of the thirty (30) day period, enters into the type of assignment or sublease described in its AppsFlyer Prior Notice with respect to the portion of the Premises described in the AppsFlyer Prior Notice (which fully executed sublease or assignment shall be tendered to Landlord no later than ten (10) business days following mutual execution thereof), then Landlord shall not have the right to recapture such portion of the Premises in connection with such assignment or sublease.

		
	10.2
	If Landlord exercises the Recapture Right or an AppsFlyer Lease Early Termination occurs, Landlord shall provide notice to Tenant (the “25th Floor Must-Take Notice”), which 25th Floor Must-Take Notice shall include Landlord’s determination of the Market Rent payable by Tenant for the 25th Floor Must-Take Space during the 25th Floor MustTake Term (as defined below) in accordance with Exhibit H to the Lease, no later than sixty (60) days prior to the date Landlord anticipates delivery of the 25th Floor Must-Take Space (the “Anticipated 25th Floor Must-Take Delivery Date”).  Tenant shall accept possession of the 25th Floor Must-Take Space as of the date Landlord delivers possession of the 25th Floor Must-Take Space to Tenant in the 25th Floor Must-Take Delivery Condition (as defined below) (the “25th Floor Must-Take Delivery Date”); provided, however, that in no event shall the 25th Floor Must-Take Delivery Date occur prior to the later of (a) February 1, 2020, and (b) the Anticipated 25th Floor Must-Take Delivery Date.  The Term with respect to the 25th Floor Must-Take Space (the “25th Floor Must-Take Term”) shall commence (the “25th Floor Must-Take Effective Date”) on the earlier of (i) the date that is sixty (60) days after the 25th Floor Must-Take Delivery Date; or (ii) the date on which Tenant first conducts business operations in any portion of the 25th Floor Must-Take Space, and end, unless sooner terminated pursuant to the terms of the Lease, as amended hereby, on the Lease Expiration Date (i.e., October 31, 2028).  Notwithstanding the foregoing, in the event that based upon the timing of events, the 25th Floor Must-Take Effective Date is later than October 31, 2023, the 25th Floor Must-Take Term shall be sixty (60) months from the 25th Floor Must-Take Effective Date.  Accordingly, the parties agree that the 25th Floor Must-

Take Term may expire later than the Lease Expiration Date with respect to the remainder of the Premises and that such later expiration of the 25th Floor Must-Take Term shall not serve to extend the Lease Expiration Date with respect to the remainder of the Premises.  
		
	10.3
	As of the 25th Floor Must-Take Effective Date, the 25th Floor Must-Take Space shall become part of the Premises and the rentable square footage of the Premises shall be increased to include the 25th Floor Must-Take Space.  Tenant’s Share for the 25th Floor Must-Take Space shall be 2.57% of the Office Space.  The 25th Floor Must-Take Space shall be subject to all the terms and conditions of the Lease, as amended hereby, except as expressly modified herein and except that Tenant shall not be entitled to receive any allowances, abatements or other financial concessions granted with respect to the Original Premises or the Expansion Space except as expressly provided in this Section 10.  Except as otherwise expressly set forth below, if an allowance is provided with respect to the 25th Floor Must-Take Space, any unused portion thereof remaining after the eighteenth (18th) month following the 25th Floor Must-Take Effective Date (the “25th Floor Must-Take Improvement Allowance Sunset Date”) shall remain with Landlord and Tenant shall 

6

have no further right thereto; provided, however, to the extent Tenant timely requested disbursement for any allowance items for the 25th Floor Must-Take Space prior to the 25th Floor Must-Take Improvement Allowance Sunset Date, Landlord shall provide such disbursement.  Notwithstanding anything to the contrary herein, Tenant’s failure to request disbursement of any allowance provided by Landlord for the 25th Floor Must-Take Space by the 25th Floor Must-Take Improvement Allowance Sunset Date shall not be deemed a Tenant default under the Lease.  Landlord and Tenant acknowledge and agree that the 25th Floor Must-Take Improvement Allowance Sunset Date shall be postponed by the number of days that substantial completion of improvements to the 25th Floor Must-Take Space is delayed due to a Completion Delay (as defined in Exhibit B to the Lease).
		
	10.4
	The Base Rent payable by Tenant during the 25th Floor Must-Take Term shall be equal to the Market Rent (as that term is defined in, and determined pursuant to, Exhibit H to the Lease).  For purposes of this Section 10, all references to the “Premises” in Exhibit H to the Lease shall mean the 25th Floor Must-Take Space.  In the event that Tenant does not agree with Landlord’s determination of the Rent payable by Tenant for the 25th Floor Must-Take Space (the “25th Floor Must-Take Rent”) as set forth in Landlord’s 25th Floor Must-Take Notice, then within fifteen (15) days after Landlord’s delivery of the 25th Floor Must-Take Notice, Tenant shall deliver to Landlord Tenant's calculation of the Market Rent (the “Tenant’s 25th Floor Must-Take Rent Calculation”).

If Tenant timely delivers a Tenant’s 25th Floor Must-Take Rent Calculation to Landlord, and unless Landlord notifies Tenant in writing within five (5) business days that Landlord accepts Tenant’s 25th Floor Must-Take Rent Calculation, the parties shall follow the same procedure set forth in Section 2.2.4 of the Lease and the Market Rent for the 25th Floor  Must-Take Space shall be determined in accordance with the terms of Section 2.2.4 of the Lease, provided that (A) all references in Section 2.2.4 of the Lease to (i) “Option Rent” shall be deemed to mean the “25th Floor Must-Take Rent”, (ii) “Option Term” shall be deemed to mean the “25th Floor Must-Take Term”, and (iii) the “Outside Agreement Date” shall be deemed to mean the date that is forty-five (45) days after the date Landlord delivers the Landlord 25th Floor Must-Take Notice to Tenant; and (B) in the event that the 25th Floor Must-Take Rent shall not have been determined pursuant to the terms of Section 2.2.4 of the Lease prior to the commencement of the 25th Floor Must-Take Term, Tenant shall be required to pay Base Rent for the 25th Floor Must-Take Space based on the Annual Rental Rate per Rentable Square Foot then in effect for the Expansion Space, and upon the final determination of the 25th Floor Must-Take 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 within thirty (30) calendar days after the 25th Floor Must-Take Rent has finally been determined.  The terms of Section 3.2 of the Lease shall be inapplicable in connection with the 25th Floor Must-Take Space.  If Tenant fails to timely deliver a Tenant’s 25th Floor Must-Take Rent Calculation, the 25th Floor Must-Take Rent shall be as set forth in the 25th Floor Must-Take Notice delivered by Landlord.
		
	10.5 
	Tenant shall pay Tenant’s Share of Direct Expenses for the 25th Floor Must-Take Space on the same terms and conditions set forth in the Lease, as amended hereby; provided that the Base Year for the computation of Tenant’s Share of Direct Expenses solely with respect to the 25th Floor Must-Take Term shall be either (i) the calendar year in which the 25th Floor Must-Take Term commences, if the 25th Floor Must-Take Term commences on or before September 30th of such calendar year, or (ii) the calendar year immediately subsequent to the calendar year in which the 25th Floor Must-Take Term commences, if the 25th Floor Must-Take Term commences after September 30th of such calendar year.  In addition, if the Base Year is determined pursuant to subpart (i) above, Tenant shall not be required to pay Tenant’s Share of Direct Expenses applicable to the 25th Floor Must-Take Space during the first twelve (12) full Lease Months of the 25th Floor Must-Take Term.

		
	10.6 
	Subject to the terms of Section 4 above and this Section 10, Tenant shall deliver to Landlord on or before the 25th Floor Must-Take Delivery Date, an amendment to the existing Letter of Credit (the “25th Floor Must-Take L-C Amendment”), increasing the L-C Amount by an amount equal to three (3) months of the Base Rent payable during the last rental period of the 25th Floor Must-Take Term; provided, however, that Tenant shall not be required to deliver the 25th Floor Must-Take L-C Amendment if, as of the fiscal quarter immediately prior to the anticipated 25th Floor Must-Take Delivery Date based on Landlord’s 25th Floor Must-Take Notice (the “25th Floor Must-Take L-C Reference 

7

Date”), Tenant’s Financial Information satisfies the Must-Take L-C Withdrawal Conditions (as applied to the 25th Floor Must-Take Space).
10.7    The 25th Floor Must-Take Space (including improvements, if any) shall be accepted by
Tenant broom clean and in its “as-built” condition and configuration existing on the 25th Floor Must-Take Delivery Date (the “25th Floor Must-Take Delivery Condition”).  However, notwithstanding the foregoing, Landlord agrees that the Building Systems serving the 25th Floor Must-Take Space shall be in good working order as of the 25th Floor Must-Take Delivery Date.  Except to the extent caused by a BS/BS Exception (as defined in Article 7 of the Lease) or otherwise arising in connection with any Alterations performed by or on behalf of Tenant, if such Building Systems are not in good working order as of the 25th Floor Must-Take Delivery Date, Landlord shall be responsible for repairing the same at Landlord’s sole cost and expense, provided that Tenant has delivered written notice to Landlord no later than forty-five (45) days following the 25th Floor Must-Take Effective Date.  Landlord shall not be required to provide any improvement allowance for the 25th Floor Must-Take Space, except to the extent tenants leasing space in Comparable Transactions receive an allowance pursuant to the definition of Market Rent defined in Exhibit H to the Lease.  The construction of the initial improvements to the 25th Floor Must-Take Space shall be governed by the terms of the Work Letter attached as Exhibit B to the Lease (including Section 1 thereof) and not, except as otherwise set forth in the Work Letter, the terms of Article 8 of the Lease.

		
	10.8 
	Landlord shall prepare an amendment (the “25th Floor Must-Take Amendment”) to reflect the 25th Floor Must-Take Effective Date and the changes in Base Rent, rentable square footage of the Premises, Tenant’s Share, any improvement allowance and other appropriate terms.  A copy of the 25th Floor Must-Take Amendment shall be sent to Tenant within a 

reasonable time after the 25th Floor Must-Take Effective Date, and Tenant shall execute and return the 25th Floor Must-Take Amendment to Landlord within ten (10) business days thereafter, but Tenant’s leasing of the 25th Floor Must-Take Space in accordance with this Section 10 shall be fully effective whether or not the 25th Floor MustTake Amendment is executed.
		
	10.9 
	Without limiting the generality of the foregoing, during any period from and after the 25th Floor Must-Take Effective Date that Tenant is entitled to provide janitorial services, equipment and supplies to the 25th Floor Must-Take Space and Tenant does provide such janitorial services, equipment and supplies to the 25th Floor Must-Take Space in accordance with Section 6.1.5 of the Lease, Tenant shall be entitled to the Janitorial Credit, subject to and in accordance with the terms and conditions of Section 6.1.5 of the Lease.

		
	10.10 
	If Landlord fails to tender possession of the 25th Floor Must-Take Space to Tenant in the 25th Floor Must-Take Delivery Condition on or before the date that is one hundred twenty (120) days following the Anticipated 25th Floor Must-Take Delivery Date (the “25th Floor

Must-Take Required Delivery Date”), Tenant shall be entitled to an abatement of Base Rent applicable to the 25th Floor Must-Take Space which shall be automatically applied to the next payment(s) of Base Rent due on the Premises following the 25th Floor MustTake Required Delivery Date in an amount equal to the per diem Base Rent for the 25th Floor Must-Take Space for every day in the period beginning on the 25th Floor Must-Take Required Delivery Date and ending on the 25th Floor Must-Take Delivery Date.  In addition, if Landlord fails to tender possession of the 25th Floor Must-Take Space as of the date that is two hundred forty (240) days after the Anticipated 25th Floor Must-Take Delivery Date (the “Outside 25th Floor Must-Take Delivery Date”), Tenant, as its sole remedy, may terminate the Lease, solely with respect to the 25th Floor Must-Take Space as of the Outside 25th Floor Must-Take Delivery Date by giving Landlord written notice of termination on or before the earlier to occur of:  (a) ten (10) business days after the Outside 25th Floor Must-Take Delivery Date; or (b) the 25th Floor Must-Take Delivery Date.  In such event, the Lease shall be deemed terminated solely with respect to the 25th Floor Must-Take Space, and shall continue in full force and effect as to the remaining portions of the Premises.  In the event of such termination, the “Premises”, as used herein shall be deemed to mean the Premises less the 25th Floor Must-Take Space, and the terms of this Section 10 shall be null and void and of no further force and effect; provided, however, that if Tenant exercises its termination right as to the 25th Floor MustTake Space as provided herein, then following such termination, such 25th Floor MustTake Space shall be deemed Potential First Offer Space and provided further that the First Offer Rent for any such Potential First Offer Space shall be the lesser of (A) Market 

8

Rent and (B) the then-current Base Rent for the Expansion Space.  Landlord and Tenant shall enter into an amendment to this Lease modifying the rentable square footage of the Premises, Tenant’s Share, and other appropriate terms to document the termination of the Lease as to the 25th Floor Must-Take Space as provided herein.  Landlord and Tenant acknowledge and agree that:  (i) the determination of the date on which Landlord tenders possession of the 25th Floor Must-Take Space shall be delayed on a day for day basis for each day to the extent such delay is caused by the acts or omissions of Tenant or any Tenant Parties; and (ii) the 25th Floor Must-Take Required Delivery Date and the Outside 25th Floor Must-Take Delivery Date shall each be postponed by the number of days Landlord’s delivery of the 25th Floor Must-Take Space is delayed due to events of Force Majeure.

		
	11.
	Stipulation of Rentable Square Feet of Expansion Space and Building.  For purposes of this Amendment, “rentable square feet” of the Expansion Space and the 25th Floor Must-Take Space shall be deemed as set forth in Recital B and Section 9, respectively.  Neither the Expansion Space nor the 25th Floor Must-Take Space shall be subject to remeasurement during the initial Lease Term.

		
	12.
	Other Pertinent Provisions.  Landlord and Tenant agree that, effective as of the date of this Amendment (unless different effective date(s) is/are specifically referenced in this Section), the Lease shall be amended in the following additional respects:

		
	12.1
	Insurance.  Tenant’s insurance required under Section 10.3 of the Lease (“Tenant’s Insurance”) shall include the Expansion Space as of the earlier of (i) the date on which Tenant first accesses the Expansion Space pursuant to this Amendment; or (ii) the Expansion Effective Date (the “Expansion Space Insurance Start Date”).  Tenant shall provide Landlord with a certificate of insurance, in form and substance satisfactory to Landlord and otherwise in compliance with Section 10.5 of the Lease, evidencing that Tenant’s Insurance covers the Expansion Space, on or before the Expansion Space Insurance Start Date, and thereafter as necessary to assure that Landlord always has current certificates evidencing Tenant’s Insurance.

		
	12.2
	Parking.  Tenant may elect to rent from Landlord, on a monthly basis:

		
	(A)
	up to sixteen (16) additional valet parking passes (the “Must-Take Space Parking Allocation”) which parking passes shall pertain to the Parking Garage and be effective concurrent with the Must-Take Effective Date;

		
	(C)
	up to four (4) additional valet parking passes (the “25th Floor Must-Take Space Parking Allocation”) which parking passes shall pertain to the Parking Garage and be effective concurrent with the 25th Floor Must-Take Effective Date; and/or  

		
	(D)
	up to three (3) additional valet parking passes (the “Expansion Space Parking Allocation”) which parking passes shall pertain to the Parking Garage and be effective concurrent with the Expansion Effective Date.  

The Expansion Space Parking Allocation, Must-Take Space Parking Allocation, 25th Floor Must-Take Space Parking Allocation and Tenant’s Initial Parking Allocation are sometimes collectively referred to herein as “Tenant’s Parking Allocation”.
Within thirty (30) days after the Expansion Effective Date, the Must-Take Effective Date or the 25th Floor Must-Take Effective date, as applicable (each such date is hereinafter referred to as the “Additional Parking Election Deadline”), Tenant shall deliver to Landlord a Parking Election Notice (as defined in Section 28.1 of the Lease), specifying how many of the parking passes in the Must-Take Space Parking Allocation, the 25th Floor Must-Take Space Parking Allocation or the Expansion Space Parking Allocation, as applicable, at that time Tenant has elected to rent for the remainder of the Lease Term.  If Tenant fails to deliver the Parking Election Notice on or before the Additional Parking Election Deadline, then Tenant shall be deemed to have elected to rent all of the parking passes in the Must-Take Space Parking Allocation, the 25th Floor Must-Take Space Parking Allocation or the Expansion Space Parking Allocation, as applicable.  Tenant’s leasing of any or all of the parking passes in the Must-Take Space Parking Allocation, the 25th Floor Must-Take Space Parking Allocation or the Expansion Space Parking Allocation, as applicable, shall be subject to the terms and conditions of Article 28 of the Lease.  The fifth 

9

(5th) sentence of Section 28.1 of the Lease is hereby deleted in its entirety.  Notwithstanding anything in the Lease to the contrary, if Tenant has reduced the number of parking passes allocated to Tenant in accordance with terms and conditions of the Lease, as amended hereby, (including by means of a Parking Reduction Notice, as defined in Section 28.1 of the Lease), then Tenant may provide Landlord with written notice (a “Parking Increase Notice”) once per year on or before the date that is sixty (60) days prior to each annual anniversary of the Phase II Premises Lease Commencement Date that Tenant elects to increase the number of parking passes rented from Landlord (provided that in no event shall Tenant be entitled to more parking passes than Tenant’s Parking Allocation 
hereunder) and, provided that such parking passes are Available (as defined below), thereafter Landlord shall lease the parking passes set forth in the Parking Increase Notice to Tenant effective on such annual anniversary of the Phase II Premises Lease Commencement Date.  In the event that any requested parking passes in Tenant’s Parking Increase Notice are not Available and, as a result thereof, Landlord is unable to provide Tenant with additional parking passes previously surrendered by Tenant, such inability shall not subject Landlord to any liability for any loss or damage resulting therefrom or entitle Tenant to any credit, abatement or adjustment of Rent or other sums payable under the Lease.  For purposes of this Section 12.2, a parking pass shall be deemed to be “Available” if such parking pass is not then being rented by a tenant of the Building.
		
	12.3
	Extension Option.

		
	12.3.1
	Landlord and Tenant acknowledge and agree that Tenant’s option to extend the Lease Term, set forth in Section 2.2 of the Lease shall apply to the Original Premises (including the Must-Take Space), the Expansion Space and the 25th Floor Must-Take Space (if applicable), and that, subject to and in accordance with the terms of Section 2.2 of the Lease, as amended by this Section 12.3, Tenant shall have the right to extend the Lease Term with respect to each of the Expansion Space and the 25th Floor Must-Take Space, individually, or both the Expansion Space and the 25th Floor Must-Take Space, to be coterminous with the Option Term (as defined in Section 2.2.1 of the Lease).  Notwithstanding anything to the contrary contained in the Lease, as amended hereby, if Tenant elects, in Tenant’s sole discretion, to exercise its option to extend the Lease Term with respect to the Expansion Space and/or the 25th Floor Must-Take Space, the determination of continuous floors in Section 2.2.1(iii) of the Lease from the bottom up, or from the top down, as applicable, shall be deemed to include the Expansion Space and/or the 25th Floor Must-Take Space (as applicable), and accordingly Tenant may elect to extend the Lease Term (from the top down, or from the bottom up) from either the Expansion Space or the 25th Floor Must-Take Space, or both, provided that if 

Tenant exercises Tenant’s option to extend the Lease Term with respect to the Expansion Space and/or the 25th Floor Must-Take Space, Tenant must also exercise its option to extend the Lease Term as to the full floors below the Expansion Space and/or the 25th Floor Must-Take Space, as applicable.  As a clarification only, the reference to “continuous” in clause (iii) of Section 2.2.1 of the Lease shall mean continuous as among leased floors in the Building that comprise the Premises (and shall not be interpreted to mean contiguous floors within the Building that include floors that do not comprise the Premises), provided that (x) if Tenant exercises its option to extend the Lease Term with respect to only the Expansion Space, then the 25th Floor Must-Take Space shall not be considered continuous, (y) if Tenant exercises its option to extend the Lease Term with respect to only the 25th Floor Must-Take Space, then the Expansion Space shall not be considered continuous, or (z) if Tenant does not exercise its option to extend the Lease Term with respect to both the Expansion Space and the 25th Floor Must-Take Space, then neither the 25th Floor Must-Take Space nor the Expansion Space shall be considered continuous.   For example, if, at the time Tenant exercises Tenant’s option to extend the Lease Term, the Expansion Space, the 25th Floor Must-Take Space, Suite 400, Suite 500, Suite 600, Suite 700, Suite 1400, Suite 1500, Suite 1600 and Suite 1700 are part of the Premises, and no floors in the Building located between floor 17 and floor 24 are a part of the Premises, then any of the following would satisfy the requirement in Section 2.2.1 of the Lease that the Extension Premises be continuous and be comprised of no less than four (4) full floors of the Premises:  (A) Tenant’s exercise of its option to extend the Lease Term with respect only to 
the Expansion Space, the 25th Floor Must-Take Space, Suite 1600 and Suite 1700 and no other portion of the Premises; (B) Tenant’s exercise of its option to extend the Lease Term with respect only to the Expansion Space, the 25th Floor Must-Take Space, Suite 400 and Suite 500 and no other portion of the Premises; (C) Tenant’s 

10

exercise of its option to extend the Lease Term with respect only to the Expansion Space, Suite 1700, Suite 1600 and Suite 1500 and no other portion of the Premises; (D) Tenant’s exercise of its option to extend the Lease Term with respect only to the Expansion Space, Suite 400, Suite 500 and Suite 600 and no other portion of the Premises; (E) Tenant’s exercise of its option to extend the Lease Term with respect only to Suite 400, Suite 500, Suite 600 and Suite 700 and no other portion of the Premises; (F) Tenant’s exercise of its option to extend the Lease Term with respect only to Suite 1700, Suite 1600, Suite 1500 and Suite 1400 and no other portion of the Premises; (G) Tenant’s exercise of its option to extend the Lease Term with respect only to the 25th Floor Must-Take Space, Suite 400, Suite 500 and Suite 600 and no other portion of the Premises; and (H) Tenant’s exercise of its option to extend the Lease Term with respect only to the 25th Floor Must-Take Space, Suite 1700, Suite 1600 and Suite 1500 and no other portion of the Premises.  Notwithstanding anything to the contrary contained in the Lease, as amended hereby, in the event (i) Tenant exercises its option to extend the Lease Term pursuant to Section 2.2 of the Lease, (ii) the 25th Floor Must-Take Space is included as part of the Extension Premises (as defined in Section 2.2.1 of the Lease), and (iii) the 25th Floor Must-Take Term expires on a date other than the Lease Expiration Date, the Exercise Notice (as defined in Section 2.2.3 of the Lease) may include the 25th Floor Must-Take Space and, in such event, the extended Lease Term for the 25th Floor Must-Take Space shall be coterminous with the Option Term (as defined in Section 2.2.1 of the Lease).
		
	12.3.2
	Section 2.2.1(iv) of the Lease is hereby deleted.

		
	12.4
	Capital Costs for Expansion Space and 25th Floor Must-Take Space.  Clause (y) of Section 4.2.4(xiii) of the Lease is hereby amended and restated as follows:

“(y) with respect to Phase II Premises or the Must-Take Space after the Lease Commencement Date applicable thereto, the Expansion Space after the Expansion Effective Date, or the 25th Floor Must-Take Space after the 25th Floor Must-Take Effective Date;”
		
	12.5
	Exclusion of Expansion Space and 25th Floor Must-Take Space from Operating Costs. Section 4.2.4 of the Lease is hereby amended to add new exclusions (rr) and (ss) to the list of exclusions of Operating Costs as follows:

“(rr) to the extent the Base, Shell and Core relating to the 25th Floor Must-Take Space is not in compliance with Laws as of the 25th Floor Must-Take Delivery Date, the costs of bringing the Base, Shell and Core relating to the 25th Floor Must-Take Space into compliance with applicable Laws.
(ss) to the extent the Base, Shell and Core relating to the Expansion Space is not in compliance with Laws as of the Expansion Effective Date, the costs of bringing the Base, Shell and Core relating to the Expansion Space into compliance with applicable Laws.”
		
	12.6
	Limitation on Landlord Damages.  The final sentence of Section 19.2.1 of the Lease is hereby amended and restated in its entirety as follows:

“Notwithstanding the foregoing, Landlord’s damages in the event of any event of default by Tenant shall not include any construction costs paid or incurred by Landlord, any brokerage commissions or allowances paid by Landlord to Tenant (including the Improvement Allowance, Expansion Improvement Allowance, or any other allowance) or any free rent provided to Tenant (or any rent attributable to any period between the Delivery Date for any Phase of the Premises, or the Expansion Space (and, if applicable, the Must-Take Space and 25th Floor Must-Take Space), and the Lease Commencement Date for such Phase of the Premises, or the Expansion Effective Date for the Expansion Space (or, if applicable, the Must-Take Effective Date or 25th Floor Must-Take Effective Date)).”
		
	12.7
	Internal Stairwell.  Notwithstanding anything to the contrary contained in the Lease, as amended hereby, Landlord hereby agrees that Tenant shall have the right, but not the obligation, at any time that Tenant is leasing both the Expansion Space and the 25th Floor Must-Take Space and is not in default beyond any applicable notice and cure periods under the Lease, to construct, at Tenant’s sole cost and expense, subject to the application of the 

11

25th Floor Must-Take Space allowance (if any), an internal stairwell connecting the Expansion Space to the 25th Floor Must-Take Space in a location approved by Landlord, either as an Alteration in accordance with Article 8 of the Lease or as an improvement pursuant to the 25th Floor Must-Take Space work letter (but, in any event, subject to the terms and conditions of the Lease, as amended hereby).  Notwithstanding anything to the contrary contained in the Lease, as amended hereby, unless Landlord notifies Tenant otherwise, Tenant shall remove any such internal stairwell prior to the expiration or earlier termination of the Lease (and Tenant shall repair any damage in connection therewith and restore the Expansion Space and the 25th Floor Must-Take Space to their condition existing prior to Tenant’s installation thereof).  Landlord shall reasonably cooperate with Tenant’s Architect or Engineers during construction of the internal stairwell, at Tenant’s sole cost and expense, to identify specific locations that would be best suited for construction of 
such internal stairwell; provided that the internal stairwell shall be in a location reasonably designated by Landlord.
		
	12.8
	Lobby FF&E.  Notwithstanding anything to the contrary contained in the Lease, during such time as Tenant and/or its Permitted Transferees leases at least two hundred eighty thousand (280,000) rentable square feet of the Building (the “280,000 RSF Leasing Requirement”), Tenant may install, in accordance with, and subject to, the terms and conditions set forth in Article 8 of the Lease, its furniture, fixtures and equipment in the first floor lobby of the Building (the “Lobby FF&E”).  The type, size, design, and location of such Lobby FF&E (including, for the avoidance of doubt, any changes to existing Lobby FF&E) shall be subject to Landlord’s review and approval, which approval shall not be unreasonably withheld, conditioned or delayed.  If Landlord fails to approve any proposed Lobby FF&E within ten (10) business days after receipt of request, then Tenant may provide Landlord with a second written request for approval.  If Landlord fails to approve or disapprove such proposed Lobby FF&E within ten (10) business days after Landlord’s receipt of Tenant’s second request therefor, such Lobby FF&E shall be deemed approved.  Tenant, at its sole cost and expense, shall maintain the Lobby FF&E in good condition and repair during the Lease Term and in accordance with the conditions and requirements described in any warranties issued by the manufacturer(s) of the Lobby FF&E.  Tenant shall make any and all repairs that are necessary to the Lobby FF&E at Tenant’s sole cost and expense.  If Tenant fails to make any repairs to the Lobby FF&E for more than fifteen (15) days after notice from Landlord (although notice shall not be required if there is an emergency), Landlord may make the repairs, and Tenant shall pay the reasonable cost of the repairs to Landlord within thirty (30) days after receipt of an invoice, together with reasonable supporting evidence (and, in such event, Tenant shall also pay an administrative 

charge in an amount equal to five percent (5%) of the cost of such repairs).  At all times during the Lease Term, Tenant shall cause the Lobby FF&E to be insured pursuant to the provisions of the Lease.  Tenant shall remove any Lobby FF&E at the expiration or earlier termination of the Lease, or within thirty (30) days following the failure of Tenant to satisfy the 280,000 RSF Leasing Requirement, and repair any damage to the Building caused by such removal.  Landlord shall remove its furniture, fixtures and equipment within thirty (30) days of notice from Tenant of Tenant’s election to install the Lobby FF&E.  Notwithstanding anything to the contrary contained in this Section 12.8, Tenant’s right to require Landlord to remove Landlord’s furniture, fixtures and equipment shall in no event apply to the security console then existing in the first floor lobby of the Building (it being agreed that Tenant shall have no right to cause or require Landlord to remove the same in accordance with this Section).
		
	12.9
	Use of Tenant’s Lobby Sign. Section 23.5.7 of the Lease is hereby amended and restated in its entirety as follows: “Use of Tenant’s Lobby Sign.  Tenant shall be solely responsible for the operation of Tenant’s Lobby Sign and shall be entitled to select the content being displayed on Tenant’s Lobby Sign for eighty-five percent (85%) of the time the Tenant’s Lobby Sign is in operation during Building Hours and eighty-five percent (85%) of the time the Tenant’s Lobby Sign is in operation during non-Building Hours.  Tenant shall permit Landlord to select the content being displayed on Tenant’s Lobby Sign for fifteen percent (15%) of the time the Tenant’s Lobby Sign is in operation during Building Hours and fifteen percent (15%) of the time the Tenant’s Lobby Sign is in operation during non-Building Hours, subject to Tenant’s reasonably approval of such content and the specific Building Hours available for use by Landlord.  Notwithstanding anything to the contrary contained in the Lease, as amended hereby, so long as the 280,000 RSF Leasing Requirement is satisfied, the foregoing references to: (i) “fifteen percent (15%)” shall be amended to be “ten percent (10%)”, and (ii) “eighty-five percent (85%)” shall be amended to be “ninety percent (90%)”.

12

		
	12.10
	Mission Street Signage.  Notwithstanding anything to the contrary contained in the Lease, as amended hereby, so long as the 280,000 RSF Leasing Requirement is satisfied, Tenant shall have the exclusive right to the exterior Building signage located on Mission Street, and accordingly (i) Section 23.4.1(b) of the Lease shall be deemed modified to change “non-exclusive right (in common with Landlord and other third parties)” to “exclusive right” and (ii) the third sentence of Section 23.4.2 of the Lease shall be deemed deleted in its entirety.

		
	13.
	Miscellaneous.

		
	13.1
	This Amendment, including Exhibit A (Outline and Location of Expansion Space) attached hereto, sets forth the entire agreement between the parties with respect to the matters set forth herein.  There have been no additional oral or written representations or agreements.  Under no circumstances shall Tenant be entitled to any rent abatement, improvement allowance, leasehold improvements, or other work to the Premises, or any similar economic incentives that may have been provided Tenant in connection with entering into the Lease, unless specifically set forth in this Amendment.  The capitalized terms used in this Amendment shall have the same definitions as set forth in the Lease to the extent that such capitalized terms are defined therein and not redefined in this Amendment.

		
	13.2
	Except as herein modified or amended, the provisions, conditions and terms of the Lease shall remain unchanged and in full force and effect.  In the case of any inconsistency between the provisions of the Lease and this Amendment, the provisions of this Amendment shall govern and control.

		
	13.3
	Neither party shall be bound by this Amendment until both parties have executed and delivered the same to each other.

		
	13.4
	Tenant hereby represents to Landlord that Tenant has dealt with no broker in connection with this Amendment other than Colliers International.  Tenant agrees to indemnify and hold Landlord and the Landlord Parties harmless from all claims of any other brokers claiming to have represented Tenant in connection with this Amendment.    Landlord hereby represents to Tenant that Landlord has dealt with no broker in connection with this Amendment other than CBRE, Inc.  Landlord agrees to indemnify and hold Tenant and the Tenant Parties harmless from all claims of any other brokers claiming to have represented Landlord in connection with this Amendment.

		
	13.5
	The terms and conditions of Section 29.43 of the Lease shall apply to this Amendment.

		
	13.6
	For purposes of Section 1938(a) of the California Civil Code, Landlord hereby discloses to Tenant, and Tenant hereby acknowledges, that neither the Premises nor the interior of 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 approved in advance 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; and (c) if anything done by or for Tenant in its use or occupancy of the Premises shall require any improvements or repairs to the Building or Project (outside the Premises) to correct violations of construction-related accessibility standards, then Tenant shall reimburse Landlord within thirty (30) days after Tenant’s receipt of an invoice therefor together with reasonable supporting evidence, as Additional Rent, for the cost incurred by Landlord in connection with performing such improvements or repairs.  The foregoing 

13

verification is included in this Amendment solely for the purpose of complying with California Civil Code Section 1938 and the terms of this Section 13.6 regarding the parties’ liability for construction related accessibility requirements shall apply only in the event Tenant exercises a right to conduct a CASp inspection and shall not in any manner otherwise affect Landlord’s and Tenant’s respective responsibilities for compliance with construction-related accessibility standards as are expressly set forth in the Lease, as amended hereby.
		
	13.7
	THE PARTIES HERETO CONSENT AND AGREE THAT THIS AMENDMENT 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 HAND-WRITTEN SIGNATURE.  THE PARTIES FURTHER CONSENT AND AGREE 

THAT (1) TO THE EXTENT A PARTY SIGNS THIS DOCUMENT USING ELECTRONIC SIGNATURE TECHNOLOGY, BY CLICKING “SIGN”, SUCH PARTY IS SIGNING THIS AMENDMENT ELECTRONICALLY, AND (2) THE ELECTRONIC SIGNATURES APPEARING ON THIS AMENDMENT SHALL BE TREATED, FOR PURPOSES OF VALIDITY, ENFORCEABILITY AND ADMISSIBILITY, THE SAME AS HAND-WRITTEN SIGNATURES.

		
	13.8
	To induce Tenant to execute this Amendment, and in addition to the other representations and warranties of Landlord contained in the Lease, as amended hereby, Landlord warrants and represents that:

		
	(a)
	As of Expansion Delivery Date, no person or entity (except Tenant) has any right to lease or take possession of any portion of the Expansion Space. 

		
	(b)
	As of the date of this Amendment, to Landlord’s knowledge, no restrictions contained in any leases of other tenants at the Project do or shall prohibit, restrict, conflict with or adversely affect Tenant’s use and occupancy of the Expansion Space or the Premises or the intended use of the rights granted to Tenant in the Lease, as amended hereby, including the Ancillary Uses. 

		
	(c)
	As of the date of this Amendment, no Security Document that affects the validity of the Lease, as amended hereby, encumbers Landlord’s interest in the Building or Project as of the date hereof.

 

[Signature Page Follows]

14

IN WITNESS WHEREOF, Landlord and Tenant have duly executed this Amendment as of the day and year first above written.

LANDLORD:

KR 100 FIRST STREET OWNER, LLC,  a Delaware limited liability company
		
	By: 
	100 First 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/ Jeffrey Hawken
                            Name: Jeffrey Hawken
   Title: COO     

By: /s/ John Osmond
 Name: John Osmond
Title: Senior Vice President

TENANT:

OKTA, INC.,
a Delaware corporation

By:  /s/ Jonathan Runyan
       Name: Jonathan Runyan
       Title:  General Counsel & Secretary

By: ________________________________ 
Name: ________________________________ 
Title: ________________________________ 

[Signature Page to First Amendment to Office Lease]

15

EXHIBIT A – OUTLINE AND LOCATION OF EXPANSION SPACE
Exhibit A is intended only to show the general layout of the Expansion Space as of the beginning of the Expansion Effective Date.  It is not to be scaled; any measurements or distances shown should be taken as approximate.

{2445-00164/00897782;10}
A-1

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