Document:

Exhibit 10.1

    

     

      

    
      Pursuant to 17 CFR 230.406, confidential information has been omitted in places marked “* * *” and has been filed separately with the Securities and Exchange Commission pursuant to a Confidential
        Treatment Request with the Commission.

       

    
      

          

      LEASE AGREEMENT

      

      

      BY AND BETWEEN

      

      

      CEDAR BROOK 12 CORPORATE CENTER, L.P.

      

      

      AND

      

      

      ROCKET PHARMACEUTICALS, INC.

      

      

      9 Cedar Brook Drive

      Cranbury, New Jersey

      

      

      
        i

        
          

        
          	
                  Pursuant to 17 CFR 230.406, confidential information has been omitted in places marked “* * *” and has been filed separately with the Securities and Exchange
                    Commission pursuant to a Confidential Treatment Request with the Commission.

                

        

      

      Contents

       

        

      	
              1. LEASED PREMISES

            	
              1

            
	
              2. TERM OF LEASE

            	
              2

            
	
              3. CONSTRUCTION OF THE TENANT IMPROVEMENTS IN INITIAL PREMISES

            	
              2

            
	
              4. RENT

            	 9

            
	
              5. PARKING AND USE OF EXTERIOR AREA

            	
              11

            
	
              6. USE

            	
              11

            
	
              7. REPAIRS AND MAINTENANCE

            	
              12

            
	
              8. COMMON AREA EXPENSES, TAXES AND INSURANCE

            	
              14

            
	
              9. SIGNS

            	
              17

            
	
              10. ASSIGNMENT AND SUBLETTING

            	
              17

            
	
              11. FIRE AND CASUALTY

            	 19

            
	
              14. DEFAULT BY TENANT

            	
              27

            
	
              15. DAMAGES

            	
              30

            
	
              16. NOTICES

            	
              32

            
	
              17. NON-WAIVER BY LANDLORD

            	
              33

            
	
              18. ALTERATIONS

            	
              34

            
	
              19. NON-LIABILITY OF LANDLORD

            	
              35

            
	
              20. RESERVATION OF EASEMENT

            	
              35

            
	
              21. STATEMENT OF ACCEPTANCE

            	
              35

            
	
              22. FORCE MAJEURE

            	
              36

            
	
              23. STATEMENT BY TENANT

            	
              36

            
	
              24. CONDEMNATION

            	
              36

            
	
              25. LANDLORD'S RIGHTS

            	
              37

            
	
              26. QUIET ENJOYMENT

            	
              37

            
	
              27. SURRENDER OF PREMISES; HOLDOVER

            	
              38

            
	
              28. INDEMNITY

            	 38

            
	
              29. BIND AND CONSTRUE CLAUSE

            	 39

            
	
              30. INCLUSIONS

            	 39

            
	
              31. DEFINITION OF TERM "LANDLORD"

            	
              40

            
	
              32. COVENANTS OF FURTHER ASSURANCES

            	
              40

            
	
              33. COVENANT AGAINST LIENS; WAIVER OF LANDLORD LIEN

            	
              40

            
	
              34. SUBORDINATION

            	
              41

            

       

      

      
        ii

        
          

        
          	
                  Pursuant to 17 CFR 230.406, confidential information has been omitted in places marked “* * *” and has been filed separately with the Securities and Exchange
                    Commission pursuant to a Confidential Treatment Request with the Commission.

                

        

      

      	
              35. EXCULPATION OF LANDLORD

            	
              42

            
	
              36. NET RENT

            	
              42

            
	
              37. SECURITY

            	
              43

            
	
              38. BROKERAGE

            	
              43

            
	
              39. LATE CHARGES

            	
              44

            
	
              40. PRESS RELEASES

            	
              44

            
	
              41. WAIVER OF JURY TRIAL

            	
              44

            
	
              42. LAWS OF NEW JERSEY

            	
              44

            
	
              43. RENEWAL

            	
              44

            
	
              44. TERMINATION OF EXISTING LEASE.

            	
              45

            
	
              45. TENANT REPRESENTATION

            	
              45

            
	
              46.  LANDLORD INDEMNIFICATION.

            	
              46

            

       

      

      
        iii

        
          

        
          	
                  Pursuant to 17 CFR 230.406, confidential information has been omitted in places marked “* * *” and has been filed separately with the Securities and Exchange
                    Commission pursuant to a Confidential Treatment Request with the Commission.

                

        

      

      
      This LEASE, made as of August 14, 2018 (“Effective Date”), between Cedar Brook 12 Corporate Center, L.P., 4A Cedar Brook
          Drive., Cranbury, New Jersey 08512 (“Landlord"), and Rocket Pharmaceuticals, Inc., 350 Fifth Avenue, Suite 7530, New York, NY 10118  ("Tenant").

      

      

      RECITALS:

      
        

        

        WHEREAS, Landlord intends to lease to Tenant the Leased Premises, as described in Section 1.1. below, located in the building located at 9
            Cedar Brook Drive, Cranbury, New Jersey, 08512 ("Building") * * * as shown on the site plan attached hereto as Exhibit A (the “Property), and constituting a portion of the office/industrial park known as Cedar Brook Corporate Center ("Office
            Park"); and

      

      

      

      WHEREAS, the parties hereto wish to mutually define their rights, duties and obligations in connection with the Lease.

      

      

      NOW THEREFORE, in consideration of the promises set forth herein, Landlord leases unto Tenant and Tenant leases from Landlord
          the leased premises described in Paragraph 1, and Landlord and Tenant do hereby mutually covenant and agree as follows:

      

      

      1.        LEASED PREMISES

      1.1      The leased premises shall consist of 42,000 rentable square feet of * * * space, located on the first floor of the
          Building and 20,000 rentable square feet of space on the second floor of the Building, along with a minimum of 10,000 rentable square feet of basement space (collectively, the "Initial Premises"), together with an additional 20,000 rentable
          square feet of space on the first floor of the Building (the “Additional Premises”, together with the “Initial Premises”, the “Leased Premises”), identified and shown on the floor plans attached hereto as Exhibit B.  The Leased Premises is
          measured from outside of exterior walls to outside of exterior walls or centerline of demising walls, if any, and shall include all fixtures and equipment that currently exist or are to be installed in and attached to the Leased Premises by the
          Landlord or the Tenant for the use of the Tenant.  Tenant shall also have the exclusive use to all parking spaces on the Property, as shown on the attached Exhibit A, exclusive use to all areas of the Property on which equipment servicing the
          Leased Premises are currently or hereafter located, and the nonexclusive to use all of the other common areas within the Property.  Landlord reserves the right to lease to another entity the remaining 50% of the basement provided that Landlord,
          at its sole cost and expense, provides a separate, secure access to the Tenant’s portion of the basement and a dividing wall between the Leased Premises and remainder of the basement.  If Tenant at any time during the Term occupies sixty-seven
          (67%) percent of the basement, it shall be required to pay rent for the entire basement.  Tenant shall also have the right to use all common areas (“Common Areas”) defined as those areas and facilities of the Office Park which are available for
          the use of tenants within the buildings in the Office Park, including parking areas, pedestrian walkways, sidewalks and landscaped areas within the Office Park. Tenant may use all Common Areas only for their intended purposes.  Landlord shall
          have exclusive control of all Common Areas at all times and may make such changes to the Common Areas as Landlord deems appropriate, provided that Landlord shall provide advance notice to the Tenant of any planned changes and shall use
          commercially reasonable efforts to minimize disruption of Tenant’s access to and use and occupancy of the Leased Premises and any material changes to the Property shall not be made without Tenant’s prior, written consent.

      

      

       

      
        1

        
          

        
          	
                  Pursuant to 17 CFR 230.406, confidential information has been omitted in places marked “* * *” and has been filed separately with the Securities and Exchange
                    Commission pursuant to a Confidential Treatment Request with the Commission.

                

        

      

      2.        TERM OF LEASE

      2.1      The term of the Lease (“Term”) shall be fifteen (15) years, to commence on the Commencement Date as hereinafter
          defined, and to end on the day before the fifteenth (15th)  anniversary of the Commencement Date (“Expiration Date”).  The term "Commencement Date" shall mean the
          first day of the next succeeding month following Substantial Completion (as defined hereafter). The Commencement Date is projected to be June 1, 2019 (“Estimated Commencement Date”).

      

      

      3.        CONSTRUCTION OF THE TENANT IMPROVEMENTS IN INITIAL PREMISES

      3.1      (a)     The Landlord shall provide all
          necessary labor and materials and perform any and all of the work required for construction of the Tenant's * * * facilities, including machinery, fixtures and equipment to be constructed and other improvements to be installed by Landlord in the
          Initial Premises in order to prepare the Initial Premises for Tenant's occupancy, including wiring for Tenant’s data and telecommunications systems within the walls of the portion of the Leased Premises used for office and laboratory space, and
          all other improvements to be installed above the ceiling, within the walls and under the floor (the "Tenant Improvements"), all as shown on the construction drawings and specifications to be prepared by an architect and engineer selected by
          Tenant and approved by Landlord, which approval shall not be unreasonably withheld (“Plans”), subject to the terms and conditions of this Section 3.   Tenant’s architect/engineer shall deliver complete Plans to Landlord no later than  December 1,
          2018  (“Plans Delivery Date”).  Delivery of the Plans at a date later than the Plans Delivery Date shall not delay Tenant’s obligation to pay Rent beyond the Estimated Commencement Date, unless the delay is directly caused by the Landlord,
          Landlord’s employees, agents or any combination thereof. If Landlord, or its employees and/or agents is the cause of a delay in the Commencement Date, Tenant’s obligation to pay rent shall be delayed by one day for each day of Landlord’s delay. 
          In addition, if Substantial Completion of Tenant Improvements in the Initial Premises does not occur by July 1, 2019 (the “Outside Commencement Date”) because of the action or inaction, of Landlord or its employees, contractors and/or agents,
          then upon the Commencement Date, Tenant shall be entitled to an abatement of rent of two days for each day after the Outside Commencement Date that the Commencement Date is delayed.   Tenant's designated representative for all work pertaining to
          the Tenant Improvements shall be  * * *  ("Representative").  Landlord shall supervise and direct the construction of Tenant Improvements using Landlord's best skill and attention, and Landlord shall be solely responsible for all construction
          means, methods, techniques, sequences, and procedures and for coordinating all portions of the work on the Tenant Improvements in accordance with the Plans.   Landlord warrants to the Tenant that all materials and equipment incorporated into the
          existing Leased Premises will be new unless otherwise specified or approved by Tenant, and that all work on the Tenant Improvements will be of good quality, free from known faults and defects (provided that Landlord shall remain responsible to
          remedy any construction defects which are discovered after the Commencement Date as provided in Section 7.1), and in substantial conformity with the Plans, provided any change in the construction from that shown on the Plans which impacts
          Tenant’s business operations or any substitution of materials from that shown on the Plans shall only be made with Tenant’s prior written approval.

      

      

      
        2

        
          

        
          	
                  Pursuant to 17 CFR 230.406, confidential information has been omitted in places marked “* * *” and has been filed separately with the Securities and Exchange
                    Commission pursuant to a Confidential Treatment Request with the Commission.

                

        

      

      
        (b)      Tenant shall be responsible for all items listed on the attached Schedule 3.1 (“Tenant Work”).  With respect to
            Tenant Work, Tenant shall (i) coordinate the performance of Tenant Work so as to minimize interference with work being performed by Landlord; (ii) use non-union labor, and (iii) provide evidence that Tenant’s contractors have appropriate
            insurance.  Any delay in Landlord’s ability to perform Landlord Work or Tenant Improvements, which delays Landlord’s ability to achieve Substantial Completion and is caused solely by performance of Tenant Work shall not delay the Commencement
            Date by the duration of the delay caused by the performance of Tenant Work.

      

       

        

      (c)      Tenant shall have the right to place mechanical and other equipment on the roof of the Building, provided the
          equipment is located within the roof screens.  Tenant shall also have the right to request that Landlord install an emergency generator at Tenant’s cost at a location mutually agreeable to the parties, which will be located on the Property, but
          may be located outside of the Leased Premises.  Landlord will assist Tenant, if required, in obtaining any governmental approvals necessary for the installation of the generator.

      

      

      3.2      (a)      Landlord shall complete the construction of Tenant Improvements in a good and workmanlike manner and in substantial accordance with the Plans, provided Landlord shall not make any
          modifications to the construction from that shown on the Plans which would impact Tenant’s operations without Tenant’s prior written consent.  The Plans shall be in sufficient detail to permit Landlord to apply for a building permit for the
          Tenant Improvements (which Landlord shall promptly do), and to prepare a construction budget for the construction of the Tenant Improvements ("Initial Construction Budget").   The Initial Construction Budget shall set forth the lump sum amount
          payable by Tenant to Landlord for the construction of the Tenant Improvements (“Hard Construction Cost”).  The Initial Construction Budget shall also include Landlord's standard mark-up of * * * of the Hard Construction Costs for general
          conditions, * * * of the Hard Construction Costs for overhead, and * * * of the Hard Construction Costs for profit.  The only exclusion from the the Initial Construction Budget  shall be the actual fees charged by the Township of Cranbury for
          construction permits and certificates of occupancy, which will not be determined by the municipality until after the Landlord applies for the construction permits and certificates of occupany and shall be paid by Tenant as set forth hereafter.
          Within fifteen (15) days of receipt of Plans, Landlord shall prepare and submit the Initial Construction Budget to Tenant for its approval.   Tenant, if so desires, and within this same fifteen day period, may obtain additional bids for the
          construction of Tenant Improvements from contractors, construction estimators and/or construction managers experienced * * * the New York/New Jersey region.  Bids or estimates from all parties shall be opened no later than the end of this fifteen
          (15) day period, at the same time in the presence of both the Tenant and Landlord, at Landlord’s office and at a time mutually acceptable to the parties.  All bids shall be revised, if necessary, to ensure that the bids include all items
          necessary to complete construction of Tenant Improvements.  If the Landlord’s Initial Construction Budget, including all markups for overhead, profit and general conditions, is not the lowest estimate, Landlord shall be provided with sufficient
          backup to determine whether the Tenant’s bid includes all items contained in Landlord’s Initial Construction Budget and Landlord shall have an opportunity to adjust its bid.    In addition, if the bid submitted on behalf of Tenant contains items
          that are not included in Landlord’s Initial Constructon Budget, Landlord shall revise its proposed budget to include such items at Tenant’s request.  If, after finalizing the bids, the Landlord’s Initial Construction Budget, compared to Tenant’s
          bid is the low bid, Landlord shall immediately commence construction of Tenant Improvements.  If, after review and any revisions to the bids, the Landlord’s Initial Construction Budget is still higher than other bid submitted, then Landlord shall
          either cede the construction to the Tenant’s general contractor or agree to perform the work at the lowest bid.  Once finalized and approved by the parties, the budget shall be deemed the “Construction Budget”.  Landlord shall not be obligated to
          order any equipment or commence work until Tenant has approved the Construction Budget.  A complete set of the agreed upon Plans, and the agreed upon Construction Budget, shall be initialed by, and distributed to Landlord and Tenant.

       

        

      
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                  Pursuant to 17 CFR 230.406, confidential information has been omitted in places marked “* * *” and has been filed separately with the Securities and Exchange
                    Commission pursuant to a Confidential Treatment Request with the Commission.

                

        

      

      (b)      Neither the Construction Budget nor
          the Plans shall be changed or altered in any way except by change order approved in writing by Landlord and Tenant, which change order shall include any increased price as a result of the change in the Plans ("Change Order").   All Change Orders
          shall be valid and binding upon Landlord and Tenant only if authorized by written Change Order signed prior to commencement of the work on the portion of Tenant Improvements reflected in the Change Order.  In the event a Change Order is submitted
          to Tenant and is not approved by Tenant within sufficient time for Landlord to implement the change to Tenant’s Improvements, provided Tenant shall be given a minimum of five (5) business days to approve the Change Order, work on the Tenant
          Improvements shall continue as if the Change Order had never been requested unless if despite the fact that the the Change Order will cause a delay, Tenant authorizes the Change Order, then Landlord will make the change provided Tenant agrees
          that any delay in reviewing and approving the Change Order shall not delay the Commencment Date and Tenant’s obligation to pay Rent.  The cost or credit to the Tenant due to any Change Order shall be determined per the terms of such Change Order.
          In the event the Change Order increases the cost set forth in the Construction Budget, then the amount shall be added to the Construction Budget and paid in accordance with payment by Tenant of the cost of Tenant’s Improvements, as outlined
          below.  The Landlord shall only have the right to substitute materials and equipment required by the Plans, provided said substitutions conform with applicable building codes, meet specifications and are the subject of a Change Order which is
          approved by Tenant.  Each and every Change Order shall state whether the change will entail a delay in the date of Substantial Completion.  Any Change Order requested by Tenant to the extent that it is the sole cause of a delay in the date of
          Substantial Completion shall not delay the date for the Commencement Date.  However, any Change Order requested by Landlord, to the extent that it is the sole cause of a delay of the date of Substantial Completion, shall delay the Commencement
          Date on a day for day basis.

      

      

      
        4

        
          

        
          	
                  Pursuant to 17 CFR 230.406, confidential information has been omitted in places marked “* * *” and has been filed separately with the Securities and Exchange
                    Commission pursuant to a Confidential Treatment Request with the Commission.

                

        

      

      3.3      (a)      The Landlord may secure and advance payment for the construction permits necessary for the proper execution and completion of the Tenant Improvements.  Tenant shall pay such amounts to
          Landlord not later than 30 days after receipt of an invoice therefor.  Landlord shall obtain a temporary or permanent certificate of cccupancy or certificate of acceptance (collectively referred to as the “CO”) after the Tenant Improvements have
          been Substantially Completed, as hereafter defined, which permits Tenant to occupy and operate its business within the Leased Premises.  If a temporary CO is issued, Landlord shall perform any work necessary to obtain a permanent CO as soon as
          practicable, but no later than the date that any temporary CO would expire.  Landlord shall not, however, be responsible for securing any environmental or operating permits or certifications that are required in order for Tenant to conduct its
          business.  However, to the extent necessary and requested by Tenant, Landlord shall assist Tenant in securing any environmental or operating permits or certifications that are required in order for Tenant to actually conduct its business at no
          additional cost to the Landlord.

      
        

        

        (b)      After Substantial Completion of Tenant Improvements,
            Tenant shall obtain “as built” Plans at its cost and shall provide Landlord with one reproducible set of the Plans.  Landlord will also be provided with a current pdf containing the Plans at no cost to Landlord.  Tenant hereby consents to
            Landlord’s use of Tenant’s Plans, solely in connection with the Leased Premises and subject to any rights retained by the Architect and Tenant. Tenant also agrees to make commercially reasonable efforts to contract with the Architect to provide
            Landlord with a CAD disk or disks containing the Plans, at no cost to the Landlord, upon Landlord’s written request upon Substantial Completion of Tenant’s and Landlord’s Improvements and  receipt of the CO, and shall further make commercially
            reasonable effort to obtain consent from the Architect for Landlord’s use of the Plans, provided there is no additional cost to Tenant.  Architect shall have no obligation to provide further services to Landlord unless and until an agreement
            mutually acceptable to Architect and Landlord with respect to compensation for such future services is executed by the parties, which Agreement shall not include any any unpaid work performed on behalf of Tenant.

      

      

      

      
        5

        
          

        
          	
                  Pursuant to 17 CFR 230.406, confidential information has been omitted in places marked “* * *” and has been filed separately with the Securities and Exchange
                    Commission pursuant to a Confidential Treatment Request with the Commission.

                

        

      

      3.4      (a)      Landlord shall provide Tenant with the following improvements to the Leased Premises and Common Areas, at Landlord’s sole cost and expense no later than Substantial Completion of Tenant
          Improvements (“Landlord’s Work”):

      

      

      
        
          
            
              	 	
                      I.

                    	
                      Finish parking lot with stripes, stenciled visitor & handicap parking with lighting as approved by local governing authorities and repair any defects in
                          parking lot so that it is in new condition.;

                    

            

          

        

      

      

      

      
        
          	

                	II.	
                  Provide 4000 amp PSEG transformer capacity to Building;

                

        

      

      

      

      
        
          	

                	III.	
                  Install Building main switchgear;

                

        

      

      

      

      
        
          	

                	IV.	
                  Install fire service to Building with sufficient flow and pressure to support the facility design of ordinary hazard, group 2 occupancy;

                

        

      

      

      

      
        
          	

                	V.	
                  Underground sewer main to the point of connection with the Building;

                

        

      

      

      

      
        
          	

                	VI.	
                  Water service to Building to the point of connection with the Building;

                

        

      

      

      

      
        
          	

                	VII.	
                  Natural gas capacity to the point of connection with the Building;

                

        

      

      

      

      
        
          	

                	VIII.	
                  Exterior Building doors and windows in good working order and all portions of the Building, including windows, doors, roof, basement, and any other building
                      penetration or system not associated with Tenant Improvements to be free of leaks;

                

        

      

      

      

      
        
          	

                	IX.	
                  Install fire sprinkler flow monitoring valves;

                

        

      

      

      

      
        
          	

                	X.	
                  Five inch concrete slab in single story area with fiber reinforcement.  (Any additional work required to the slab beyond this scope shall be at an added cost to
                      Tenant);

                

        

      

      

      

      
        6

        
          

        
          	
                  Pursuant to 17 CFR 230.406, confidential information has been omitted in places marked “* * *” and has been filed separately with the Securities and Exchange
                    Commission pursuant to a Confidential Treatment Request with the Commission.

                

        

      

      
        
          	

                	XI.	
                  Installation of generator pad at a location designated by Tenant based upon Building layout, and reasonably acceptable to Landlord;

                

        

      

      

      

      
        
          	

                	XII.	
                  Installation of pad in parking lot for trash and recycling staging/pickup and relevant access thereto in the location approved by the Township of Cranbury and
                      as shown on the site plan attached as Exhibit A;

                

        

      

      

      

      
        
          	

                	XIII.	
                  Installation of an elevator in the two-story section of the Building, which is accessed in the lobby on the first floor and which also accesses the basement;

                

        

      

      

      

      
        
          	

                	XIV.	
                  It is the understanding of the parties that any improvements required to be constructed outside of the Leased Premises except if serving Tenant’s specific
                      business operations rather than the general operation within the Building, shall be constructed by Landlord at its expense, regardless of whether specifically listed herein.  The cost of any additional work in the Building required
                      beyond this scope shall be the responsibility of the Tenant.

                

        

      

      

      

      The entire cost of the construction of Tenant Improvements as contained in the Construction Budget shall be Tenant’s obligation (“Tenant’s Cost
          Share”).  Not later than thirty (30) days after approval of the Construction Budget, Tenant shall promptly pay to Landlord a sum equal to 20% of Tenant's Cost Share.  Thereafter, Tenant will be invoiced on a monthly basis for the work performed
          during the previous thirty-day period, which invoices shall be paid by Tenant no later than thirty (30) days of receipt. Upon Tenant’s request, Landlord shall provide evidence to Tenant that all contractors and/or vendors have been paid for work
          performed to date and funded by Tenant.  Upon Substantial Completion of Tenant Improvements and Landlord’s Work, Tenant shall pay to Landlord a sum equal to the remaining balance of Tenant's Cost Share no later than thirty (30) days after
          Tenant’s receipt of notice of the final amount of Tenant’s Cost Share.  In the event Tenant fails to pay to Landlord, upon approval of the Construction Budget, a sum equal to 20% of Tenant's Cost Share, Landlord shall not be obligated to commence
          work on the Tenant Improvements for the Leased Premises.  In the event that Tenant fails to make subsequent payments in accordance with the terms of this Lease, Landlord shall not be obligated to continue the work. Such failure to pay shall
          constitute a default under this Lease, but shall not delay the Commencement Date of this Lease for any period the Tenant’s Share remains unpaid.  In the event that Tenant fails to pay to Landlord, upon Substantial Completion of the Tenant
          Improvements and Landlord’s Work, a sum equal to the remaining Tenant’s Cost Share, such failure shall constitute a default under this Lease; and Tenant shall not be permitted to occupy the Leased Premises; and Tenant shall commence payment of
          all Rent; and Landlord shall be entitled to all rights and remedies available hereunder, at law or in equity, which rights shall be cumulative.  All sums so owing to Landlord shall constitute Additional Rent and shall be subject to the imposition
          of late charges as provided in this Lease.  All payments of Tenant’s Cost Share shall be made no later than thirty (30) days after receipt of notice from Landlord of the amount due.

      

      

      
        7

        
          

        
          	
                  Pursuant to 17 CFR 230.406, confidential information has been omitted in places marked “* * *” and has been filed separately with the Securities and Exchange
                    Commission pursuant to a Confidential Treatment Request with the Commission.

                

        

      

      (b)      Except for extensions of time for
          delays, extensions of the Commencement Date and payment of Rent and rent abatements as provided herein, no payment or allowance of any kind shall be claimed by Tenant, or made by Landlord as compensation for damages on account of any delay in the
          Substantial Completion of the Tenant Improvements and Landlord’s Work, unless the delay is not a result of Tenant’s delay and is a delay instead caused by Landlord, its contractors, employees and/or agents and is avoidable (not caused by force
          majeure).

      

      

      3.5      During construction of Tenant
          Improvements, a representative of Tenant and Landlord shall inspect the site and progress of the work on a schedule to be mutually agreed upon by the parties.

      

      

      3.6      The Tenant Improvements shall be
          commenced after approval of the Plans and Construction Budget and receipt by Landlord from the governmental entities having jurisdiction therefor, all permits necessary to commence construction.  Substantial Completion shall be achieved on or
          about the date set forth in Section 2.1, but no later than the Outside Commencement Date.  As used herein the term "Substantial Completion" shall mean that the Tenant Improvements and Landlord Work have been completed in substantial conformity
          with the Plans, provided any changes in construction which impact Tenant’s business operations or any substitution of materials from those shown on the Plans shall be approved by Tenant, and a CO has been issued permitting Tenant to use and
          occupy the Leased Premises, even though minor details, adjustments or punch list items that do not materially impair Tenant's use and enjoyment of the Leased Premises may not have been finally completed, but which work Landlord shall diligently
          pursue to final completion. Any delay in Landlord’s ability to perform Landlord Work or Tenant Improvements, which delays Landlord’s ability to achieve Substantial Completion and is caused solely by performance of Tenant Work shall not delay the
          Commencement Date by the duration of the delay caused by the performance of Tenant Work. Tenant shall have the right to provide a punch list of incomplete items
          (“Punchlist”) to Landlord within forty-five (45) days after issuance of the CO, and Landlord shall complete all items on the Punchlist as soon as reasonably practicable thereafter.  Tenant shall allow Landlord and its contractors to enter the
          Leased Premises during normal working hours and upon reasonable advance notice after issuance of the CO to complete remaining minor work and Punchlist items.  Upon Tenant’s request, Landlord or its agents shall be accompanied by a representative
          of Tenant.  Notwithstanding anything contained herein, Landlord shall not be permitted to enter any portion(s) of the Leased Premises if Legal Requirements prohibit Landlord’s access to such portion of the Leased Premises due to confidentiality
          restrictions.  Landlord agrees that its employees, representatives or agents shall not enter any sterile areas within the Leased Premises without following the procedures outlined by Tenant for access to these areas.  It is agreed that for the
          purpose of this Lease, wherever and whenever the term Substantial Completion is used, it shall not include items of maintenance or service or items on the Punchlist.  If the date of Substantial Completion occurs on a day other than the first day
          of a month, rent from such day until the first day of the following month shall be prorated (at a rate of 1/365 of the annual rent per day).  During said period of partial monthly occupancy, all other terms and conditions of this Lease shall
          apply. 

      

      

      
        8

        
          

        
          	
                  Pursuant to 17 CFR 230.406, confidential information has been omitted in places marked “* * *” and has been filed separately with the Securities and Exchange
                    Commission pursuant to a Confidential Treatment Request with the Commission.

                

        

      

      3.7.     CONSTRUCTION IN ADDITIONAL PREMISES

      The parties acknowledge that Tenant intends to construct improvements to the Additonal Premises after the Commencement Date. 
          Prior to commencing construction of improvements in the Additional Premises (“Additional Construction”), Tenant shall deliver plans and specifications to Landlord.  The provisions of Section 3.2(a) and (b) and 3.3(a) and (b) shall be applicable
          to construction of the Additional Premises.  If Landlord constructs the Additional Premises, Landlord shall supervise and direct the construction of Tenant Improvements using Landlord's best skill and attention, and Landlord shall be solely
          responsible for all construction means, methods, techniques, sequences, and procedures and for coordinating all portions of the work on the Tenant Improvements in accordance with the plans for the Additional Premises.   Landlord warrants to the
          Tenant that all materials and equipment incorporated into the Leased Premises will be new unless otherwise specified or approved by Tenant, and that all work on the Tenant Improvements will be of good quality, free from known faults and defects
          (provided that Landlord shall remain responsible to remedy any construction defects which are discovered after the Commencement Date as provided in Section 7.1), and in substantial conformity with the Plans, provided any change in the
          construction from that shown on the plans which impacts Tenant’s business operations or any substitution of materials from those shown on the Plans shall only be made with Tenant’s prior written approval.  If Landlord is not retained to complete
          the Additional Construction, then Tenant shall comply with the following: (i) not less than 10 business days prior to commencing the Additional Construction, Tenant shall deliver to Landlord final plans, specifications and necessary permits for
          the Additional Construction, together with certificates evidencing that Tenant’s contractors and subcontractors have adequate insurance coverage naming Landlord, and any other associated or affiliated entity as their interests may appear as
          additional insureds, (ii) Tenant shall obtain Landlord’s prior written approval of any contractor or subcontractor which consent shall not be unreasonably withheld, (iii) the Additional Construction shall be constructed with new materials, in a
          good and workmanlike manner, and in compliance with all Legal Requirements and the plans and specifications delivered to, and approved by Landlord.  If Landlord is not the contractor, Tenant shall provide Landlord with as-built plans, in both CAD
          and PDF format, along with back-up disks, upon completion of the work. All Additional Construction attached to the Building shall

          become part of the realty immediately upon installation and, except for imnprovements which Landlord requires Tenant to remove pursuant to this Lease, shall be surrendered with the Leased Premises without payment by Landlord.

      

      

      4.         RENT

      4.1       Tenant shall pay, as rent for the
          Leased Premises, the following:

      

      

      (a)      During the first year of the Term, an
          annual base rent for the Initial Leased Premises, excluding the basement, of $13.00 per square foot, for an aggregate annual base rent of $806,000.00 (“Base Rent”), payable monthly in the sum of $67,166.67 (“Initial Premises Base Rent”). In
          addition, during the first through the fifth year of the Term, Tenant shall pay an annual base rent of $6.00 per square foot for basement space for annual base rent of $60,000.00 (“Base Basement Rent”) based upon an occupancy of 10,000 square
          feet, payable monthly in the sum of $5,000.00.

      

      

      
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                    Commission pursuant to a Confidential Treatment Request with the Commission.

                

        

      

      (b)      Commencing on the first anniversary
          of the Lease Commencement date, and on every anniversary date of the Term thereafter, the Initial Premises Base Rent shall be increased by 3%.   Commencing on the sixth anniversary of the Lease Commencement Date, and on every anniversary date of
          the Term thereafter, Tenant shall pay Base Basement Rent, based upon an escalation from the Commencement Date at the rate of 3% per year.  For avoidance of doubt, annual Base Basement Rent during the sixth Lease year shall be $6.96 per square
          foot.   Thereafter the Base Rent shall continue to escalate as contained in Section 4.1(b).

      

      

      (c)      Commencing upon the earlier of (i)
          thirty (30) months from the Effective Date or (ii) the issuance of a CO for the Additional Premises, Tenant shall pay an annual base rent of $13.00 per square foot escalated from the Commencement Date for the Initial Premises, at the rate of 3%
          per year.  For avoidance of doubt, upon the commencement of rent for the Additional Premises, the Base Rent therefor shall be at the same rate as the Base Rent for the Initial Premises, excluding the basement.   Thereafter the Base Rent shall
          continue to escalate as contained in Section 4.1(b).

      

      

      4.2       Tenant shall also pay the following which shall be
          referred to herein as “Additional Rent”: 

      

      

      (a)      Common Area Expenses as hereafter
          defined in paragraph 8.1.

      

      

      
        
          (b)      Any other
              charges as provided in this Lease.

        

      

      

      

      
        
          The Base

              Rent and Additional Rent shall be referred to hereafter as “Rent”.

        

      

      

      

      4.3      Tenant covenants to pay the Rent in
          lawful money of the United States which shall be legal tender for the payment of all debts, public and private, at the time of payment.  Such Rent shall be paid to Landlord via wire transfer or other electronic transfer to an account provided by
          Landlord, or at such other place or means as Landlord may, from time to time, designate by notice to Tenant.

       

        

      4.4      The Rent shall be payable by Tenant without any set-off
          or deduction of any kind or nature whatsoever and without notice or demand. 

      

      

      
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                    Commission pursuant to a Confidential Treatment Request with the Commission.

                

        

      

      5.        PARKING AND USE OF EXTERIOR AREA

      The Tenant shall have the the exclusive right to use all parking spaces located at the Building and designated on Exhibit A as
          “Tenant Parking”.  The Landlord and Tenant mutually agree that they will not block, hinder, or otherwise obstruct the access driveways and parking areas so as to impede the free flow of vehicular traffic within the Office Park, including to the
          common areas adjacent to the Building.  In connection with the use of the loading platforms, if any, Tenant agrees that it will not use the same so as to unreasonably interfere with the use of the access driveways and parking areas.  Tenant shall
          not park or store trailers or other vehicles on any portion of the access driveways in a manner that would impede access to the parking areas, and shall not utilize any portion of the Office Park other than as provided in this Lease, without the
          prior written consent of Landlord.  Tenant shall not authorize any food truck or other vendor to sell food in the parking lot.  This provision is not intended to prohibit Tenant from providing food to its employees within the Leased Premises. 
          Tenant shall also have the right to utilize any portion of the Property to host private events related to its business, including events providing catering or other food service.

      

      

      6.        USE

      The Tenant covenants and agrees to use and occupy the Leased Premises only for offices, cleanrooms, development space and
          laboratories for biotechnology, pharmaceutical or medical device research, production, manufacturing, and testing, and for customary related uses which use is expressly subject to all applicable zoning ordinances, rules and regulations of any
          governmental instrumentalities, boards or bureaus having jurisdiction thereof (“Zoning Laws”), or any other use permitted by the applicable Zoning Laws.  Tenant's use of the Leased Premises shall not interfere with the peaceable and quiet use and
          enjoyment by other tenants in the Office Park. Tenant’s use must comply with all present and future statutes, laws, codes, regulations, ordinances, orders, rules, bylaws, administrative guidelines, requirements, directives and actions of any
          federal, state or local governmental or quasi-governmental authority, and other legal requirements of whatever kind or nature (“Legal Requirements”). Tenant and Landlord shall not permit any conduct or condition which may endanger, disturb, or
          otherwise interfere with any other Building occupant’s normal operations or with the management of the Building, provided that the management of the Building does not interfere with Tenant’s normal businsess operations.  Tenant and Landlord shall
          not commit any nuisance or excessive noise, and will dispose of all garbage and waste in compliance with Legal Requirements and in a manner that minimizes emissions of dirt, fumes, odors or debris.

      

      

      
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                    Commission pursuant to a Confidential Treatment Request with the Commission.

                

        

      

      7.        REPAIRS AND MAINTENANCE

      7.1      Tenant shall maintain, and repair the
          Leased Premises in a good and workmanlike manner, and shall, at the expiration of the Term, deliver the Leased Premises in good order and condition, damages by fire or casualty, the elements and ordinary wear and tear excepted.  Tenant covenants
          and agrees that it shall not cause or permit any waste, damage or disfigurement to the Leased Premises, or any overloading of the floors.  Tenant shall maintain, and make all repairs to the floor surface, HVAC, plumbing and electrical systems
          including all ballasts and fluorescent fixtures located within the Leased Premises.  Notwithstanding the foregoing, the Tenant Improvements, if constructed by Landlord, shall have a Landlord’s warranty of one year from the Commencement Date,
          provided that any defect in construction of the Tenant’s Improvements discovered at any time during the Lease Term shall not be limited to the one year warranty, except with respect to the operation of the HVAC system, which operational warranty
          shall be limited to one  year, except for the compressor which shall have a five-year manufacturer’s warranty.  Landlord shall be responsible for repairs to the roof, including the roof membrane, exterior load-bearing walls, and electric and
          plumbing systems to the point where they enter the Leased Premises and for any condition affecting such systems within the Leased Premises.  Landlord shall also be responsible for maintenance, repair and replacement of all improvements
          constituting “Landlord’s Work” pursuant to Section 3.4(a) of the Lease.   Landlord shall not be required to make, and Tenant shall be responsible for, any repairs occasioned by the negligent acts or omissions of Tenant, its agents, employees,
          contractors, or subcontractors.  Tenant shall promptly report in writing to Landlord any defective condition which Landlord is required to repair, and, in the event Tenant has actual knowledge thereof, Landlord's obligation to repair is
          conditioned upon receipt by Landlord of such written notice.  Landlord's obligation to repair is also conditioned, at Landlord’s option, upon Tenant not then being in default under this Lease after written notice and expiration of  any applicable
          cure period.  Landlord shall have no other maintenance or repair obligations whatsoever with respect to the Leased Premises except the foregoing unless caused by the gross negligence or willful act of Landlord. Except to the extent of Landlords’
          obligations, Tenant shall keep and maintain in good order, condition and repair the Leased Premises and every part thereof, including, without limitation, the interior surfaces of the exterior walls,  interior doors, door frames, door checks,
          windows and window frames, all wall and floor coverings, all building systems and components thereof that exclusively service the Leased Premises, and alterations, additions or improvements (“Alterations”) made by or on behalf of Tenant and shall
          make all other interior non-structural repairs, replacements, renewals and restorations, ordinary and extraordinary, foreseen and unforeseen, required to be made in and to the Leased Premises.  The term "repair" as used in this Section shall
          include replacements when necessary.   Tenant agrees to generally maintain the Leased Premises at a minimum temperature of 45 degrees to prevent the freezing of domestic water and sprinkler pipes and (with respect to the office area of the Leased
          Premises only) no higher than 78 degrees to prevent humidity, mold and mildew. In the event Tenant vacates the Leased Premises, Tenant shall be required to (i) continuously operate the HVAC system to maintain the temperatures set forth in the
          previous sentence, and (ii) inspect the Leased Premises and, report any defective conditions to Landlord immediately, and confirm upon request of the Landlord that such inspections have taken place.

      

      

      
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                    Commission pursuant to a Confidential Treatment Request with the Commission.

                

        

      

      7.2      The Tenant shall, at its own cost and
          expense, pay all utility charges, including telephone and cable service and water servicing the Leased Premises.  Landlord shall install, a water meter at the Leased Premises at its cost and expense.  Tenant shall not store any items outside the
          Leased Premises, and shall deliver its garbage and recyclables to the central receiving area as shown on Exhibit A.  Tenant shall dispose of all hazardous/medical waste with an approved hauler at its own cost.

      

      

      7.3      Landlord does not warrant that any
          services Landlord or any public utilities supply will not be interrupted.  Services may be interrupted because of accidents, repairs, alterations, improvements, or any other reason beyond the reasonable control of Landlord and Landlord, except
          for in connection with the gross negligence or willful misconduct of Landlord or its agents or employees, shall not be subject to liability as a result thereof.  Notwithstanding the above, if essential services (water, electric or gas) are
          interrupted for more than six (6) days (excluding days declared as a state of emergency by the State of New Jersey) except if such interruption is caused by Tenant’s failure to maintain and repair the Leased Premises, and such interruption shall
          prevent Tenant from operating its business in the normal course, then Tenant shall be entitled to an abatement of Base Rent from and after the six (6) days until
          service is restored.

      

      

      
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                    Commission pursuant to a Confidential Treatment Request with the Commission.

                

        

      

      8.        COMMON AREA EXPENSES, TAXES AND INSURANCE

      8.1      Based upon a Building area of 92,000 square feet, the
          Tenant shall pay to the Landlord, monthly, as Additional Rent the cost of the following items, all of which shall be known as
          Common Area Expenses: 

      

      

      (a)      The costs incurred by the Landlord for
          the operation, maintenance, and repair of the Common Areas in the Office Park, including Tenant’s Parking (“Operating Costs”), which costs to Tenant (“Tenant’s Share of OC”) shall be $3.20 per square foot for calendar year 2018 and shall be
          adjusted each January 1st commencing on January 1, 2019 by three (3%) percent, including the following:

      

      

      
         

      

      

      

      
        	 	
                (1)

              	
                lawns and landscaping

              

      

      
         

      

      

      

      
        	 	
                (2)

              	
                exterior sewer lines;

              

      

      

      

      
         

      

      
        	 	
                (3)

              	
                exterior utility lines which are not maintained by a public utility company;

              

      

      

      

      
         

      

      
        
          	 	
                  (4)

                	
                  repair and maintenance of any signs furnished and installed by Landlord serving the Office Park;

                

        

      

      

      

      
         

      

      
        
          	 	
                  (5)

                	
                  snow removal from all parking lots, driveways and walkways;

                

        

      

      

      

      
         

      

      
        
          	 	
                  (6)

                	
                  standard trash disposal and recycling;

                

        

      

      

      

      
         

      

      
        
          	 	
                  (7)

                	
                  ground maintenance and maintenance of the parking lot, driveways, and walkways;

                

        

      

      

      

      
         

      

      
        
          	 	
                  (8)

                	
                  maintenance contracts for the roof;

                

        

      

      
         

      

      

      

      
        
          	 	
                  (9)

                	
                  pest control;

                

        

      

      
         

      

      

      

      
        
          	 	
                  (10)

                	
                  central station monitoring for fire sprinkler system; and

                

        

      

      

      

      
         

      

      
        
          	 	
                  (11)

                	
                  other ordinary maintenance expenses normally incurred by Landlord relating to the Building (excluding any costs associated with the elevator, including
                      maintenance and service of elevator) and common areas of the Office Park;

                

           

          

        

      

      
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                    Commission pursuant to a Confidential Treatment Request with the Commission.

                

        

      

      The $3.20/square foot, as increased annually, shall include the cost of the annual insurance premiums charged to the Landlord for insurance
          coverage which insure the buildings in the Office Park. The insurance shall be for the full replacement value of all insurable improvements with any customary extensions of coverage including, but not limited to, vandalism, malicious mischief,
          sprinkler damage and comprehensive liability, and insurance for one year's rent.  The Landlord shall maintain said insurance in effect at all times hereunder.  Any increase in the insurance premiums due to a change in rating of the Building to
          the extent attributable to Tenant's use, or due to special Tenant equipment, shall be paid entirely by the Tenant, except to the extent that the increase is due to construction of the Tenant Improvements and occupancy by Tenant of the Leased
          Premises which was otherwise a vacant building.  Tenant expressly acknowledges that Landlord shall not maintain insurance on Tenant's furniture, laboratory fixtures, machinery, inventory, equipment or other personal property; and

      

      

      (b)      Tenant shall pay all real estate
          taxes assessed by governmental authorities against the Building and Property directly to Cranbury Township.  Tenant shall provide evidence of payment of taxes upon request by Landlord after the date taxes are due.  Nonpayment of these taxes prior
          to assessment of late fees shall be considered a default.  In the event Landlord pays any delinquent taxes, Tenant shall be charged interest on the taxes and any penalties paid by Landlord, at the rate of 1.5% per month; and

      

      

      (c)      A management fee of 3% of the Tenant's
          Base Rent.

      

      

      8.2      Tenant's Share of Operating Costs for
          any calendar year, part of which falls within the term of this Lease and part of which does not, shall be appropriately prorated.

      

      

      8.3      If at any time during the term of this
          Lease the method or scope of taxation for real estate taxes prevailing at the commencement of the Lease Term shall be altered, Tenant's  substituted tax or imposition shall be payable and discharged by the Tenant in the manner required pursuant
          to the law which shall authorize such change.

      

      

      8.4      If at any time during the Term of the
          Lease any portion of the Building is leased by Landlord to another tenant, including any portion of the basement, then the Tenant’s obligation to pay Real Estate Taxes shall be reduced to exclude the proportionate share of such Real Estate taxes
          attributable to the portion of the Building leased to another tenant.  In addition, if at any time during the Lease term Landlord recaptures any portion of the Buildling, then Tenant’s obligation to pay Operating Expenses shall be reduced to
          exclude the proportionate share of such Operating Expenses attributable to the portion of the Building recaptured by Landlord.

      

      

      
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                    Commission pursuant to a Confidential Treatment Request with the Commission.

                

        

      

      8.5      Tenant, at all times and at its
          expense, shall keep in effect commercial general liability insurance, including contractual liability insurance, covering Tenant’s use of the Leased Premises, with such coverages and limits of liability as Landlord may reasonably require, but not
          less than a $2,000,000 combined single limit with a $5,000,000 general aggregate limit (which may be satisfied by an umbrella liability policy) for bodily injury or property damage and no less than $300,000.00 for property damage, with a
          deductible of no more than $20,000.00; however, such limits shall not limit Tenant’s liability hereunder.  The policy shall name Landlord, and at Landlord’s written request, any mortgagee(s), as additional insureds, shall be written on an
          “occurrence” basis and not on a “claims made” basis and shall be endorsed to provide that it is primary to and not contributory to any policies carried by Landlord and to provide that it shall not be cancelable or reduced without 10 days prior
          notice to Landlord for nonpayment of premium, and at least 30 days prior notice to Landlord for all other reasons.  The insurer shall be authorized to issue such insurance, licensed to do business and admitted in the state in which the Office
          Park is located and rated at least A VII in the most current edition of Best’s Insurance Reports.  Tenant shall deliver to Landlord on or before the Commencement Date or any earlier date on which Tenant accesses the Leased Premises, and at least
          30 days prior to the date of each policy renewal, a certificate of insurance evidencing such coverage.  Tenant shall at all times, at its own cost and expense, carry sufficient "All Risk" property insurance on a replacement cost basis to avoid
          any coinsurance penalties in applicable policies on all of Tenant's furniture, furnishings, fixtures, machinery, equipment and installations as well as on any Tenant Alterations.  Such coverage is to include property undergoing additions and
          alterations, and shall cover the value of equipment and supplies awaiting installations.

      

      

      (c)      Landlord and Tenant each waive, and release each other from and against, all claims for recovery against the other for
          any loss or damage to the property of such party arising out of fire or other casualty coverable by the insurance required to be maintained under the Lease. This waiver and release is effective regardless of whether the releasing party actually
          maintains said insurance and is not limited to the amount of insurance actually carried, or to the actual proceeds received after a loss.  Each party shall have its insurance company that issues its property coverage waive any rights of
          subrogation, and shall have the insurance company include an endorsement acknowledging this waiver, if necessary.

      

      

      
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                    Commission pursuant to a Confidential Treatment Request with the Commission.

                

        

      

      (d)      Tenant shall have the right to file an appeal to reduce the real estate taxes for the Property at its sole cost and
          expense, and any reduction and reimbursement in taxes for the Property shall accrue solely for the benefit of Tenant.

      

      

      9.        SIGNS

      Tenant shall not place any signs in the Office Park without the prior consent of Landlord, other than an identification sign
          with Tenant’s name on the entry door to the Leased Premises, and signs that are located wholly within the interior of the Leased Premises.  Tenant shall maintain all signs installed by Tenant in good condition. Tenant shall remove its signs at
          the termination of this Lease, shall repair any resulting damage. Landlord shall provide Tenant with a prominent listing, including Tenant’s logo, on the two Building monument signs at the entrance to the Property. Tenant may also, at Tenant’s
          expense, place a ground sign with Tenant’s name on it at the entrance of the Building, subject to Landlord’s approval of the size, design, and placement location of such sign.

      

      

      10.      ASSIGNMENT AND SUBLETTING

      10.1    (a) Except as provided below, Tenant
          shall not enter into nor permit (i) any assignment, transfer, pledge or other encumbrance of all or a portion of Tenant’s interest in this Lease, (ii) any sublease, license or concession of all or a portion of Tenant’s interest in the Leased
          Premises, or (iii) any transfer of a controlling interest in Tenant voluntarily or by operation of law (collectively, “Transfer”) without the prior written consent of Landlord.  Landlord shall not unreasonably withhold or delay its consent if the
          following conditions are satisfied (i) the proposed transferee is not an existing tenant of Landlord or Landlord’s affiliate in the Office Park, (ii) the business, business reputation or creditworthiness of the proposed transferee is acceptable
          to Landlord, and (iii) there is no Event of Default under the Lease at the time Tenant requests Landlord’s consent. Consent to one Transfer shall not be deemed to be consent to any subsequent Transfer.  In no event shall any Transfer relieve
          Tenant from any obligation under this Lease.  Landlord’s acceptance of Rent from any person shall not be deemed to be a waiver by Landlord of any provision of this Lease or to be consent to any Transfer except that any Rent accepted by Landlord
          shall offset any outstanding Rent owed by Tenant.  Any Transfer not in conformity with this Section shall be void at the option of Landlord.

      

      

      
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                    Commission pursuant to a Confidential Treatment Request with the Commission.

                

        

      

      (b)      Landlord’s consent shall not be required in the event of any Transfer by Tenant to an Affiliate (defined as  (i) any
          entity controlling, controlled by, or under common control of, Tenant, (ii) any successor to Tenant by merger, consolidation or reorganization, and (iii) any purchaser of all, substantially all of the assets of Tenant located in the Premises, as
          a going concern) provided that (i) the transferee has a tangible net worth at least equal to that of Tenant as of the date of this Lease, (ii) Tenant provides Landlord notice of the Transfer at no later than 15 days after the effective date of
          the Transfer, (iii) upon written request by Landlord, Tenant provides copies of the current financial statements of the transferee certified by an executive officer of the transferee, and (iv) in the case of an assignment or sublease, Tenant
          delivers to Landlord an assumption or sublease agreement reasonably acceptable to Landlord executed by Tenant and the transferee.

      

      

      (c)      The provisions of subsection (a) above notwithstanding, if Tenant proposes to Transfer all of the Leased Premises
          (other than to an Affiliate), Landlord may terminate this Lease, and Landlord may condition the termination on execution of a new lease between Landlord and the proposed transferee.  If Tenant proposes to enter into a Transfer of less than all of
          the Leased Premises (other than to an Affiliate), Landlord may amend this Lease to remove the portion of the Leased Premises to be transferred, and Landlord may condition the amendment on execution of a new lease between Landlord and the proposed
          transferee.  If this Lease is not so terminated or amended, Tenant shall pay to Landlord monthly, 50% of the excess of (i) all compensation received by Tenant for the Transfer of the Lease over (ii) the Rent allocable to the Leased Premises
          transferred, less Tenant’s reasonable expenses of marketing the space and paying brokerage commissions, which Landlord shall provide the Tenant with evidence of such expenditures.

      

      

      (d)      If Tenant requests Landlord’s consent to a Transfer, Tenant shall upon written request by Landlord provide copies of
          the current financial statements of the transferee certified by an executive officer of the transferee, a complete copy of the proposed Transfer documents, and any other information Landlord reasonably requests. Landlord shall notify Tenant
          within 10 days after receipt of the foregoing, whether Landlord is granting or withholding consent, or, if (c) applies, whether Landlord elects to terminate the Lease. Immediately following any approved assignment or sublease, Tenant shall
          deliver to Landlord an assumption agreement reasonably acceptable to Landlord executed by Tenant and the transferee, together with a certificate of insurance evidencing the transferee’s compliance with the insurance requirements of Tenant under
          this Lease.  Tenant agrees to reimburse Landlord for reasonable administrative and attorneys’ fees incurred by Landord in connection with the processing and documentation of any Transfer for which Landlord’s consent is requested, not to exceed
          $3,000.

      

      

      
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                    Commission pursuant to a Confidential Treatment Request with the Commission.

                

        

      

      10.4    In the event of any assignment or
          subletting permitted by the Landlord, the Tenant shall remain and be directly and primarily responsible for payment and performance of the within Lease obligations, except if Landlord elects to terminate the Lease with respect to any portion or
          all of the Leased Premises in accordiance with this Section 10, and the Landlord reserves the right, at all times, to require and demand that the Tenant pay and perform the terms and conditions of this Lease.  In the case of a complete recapture
          of all or a portion of the Leased Premises, Tenant shall be released from all further liability with respect to the recaptured space.  No such assignment or subletting shall be made to any Tenant who shall occupy the Leased Premises for any use
          other than that which is permitted to the Tenant, except with Landlord’s consent, which shall not be unreasonably withheld, or for any use which may be deemed inappropriate for the Building or extra hazardous, or which would in any way violate
          applicable Legal Requirements.

      

      

      11.      FIRE AND CASUALTY

      11.1    In case of any damage to or destruction
          of any portion of the Building of which the Leased Premises is a part by fire or other casualty occurring during the term of this  Lease (or prior thereto), which shall render at least 1/3 of the floor area of the Leased Premises or the building
          untenantable or unfit for occupancy ("Total Destruction"), which damage cannot be repaired within 180 days from the happening of such casualty, using reasonable diligence, as determined in a report prepared by an independent engineer, then the
          term hereby created shall, at the option of the Landlord, upon written notice to the Tenant within 15 days of such fire or casualty, cease and become null and void from the date of such Total Destruction unless within fifteen (15) days of
          Landlord’s notice of Total Destruction Tenant sends notice to Landlord that it elects to continue the Lease notwithstanding the fact that the Leased Premises cannot be repaired within 180 days.    In the event of the termination, the Tenant shall
          immediately surrender the Leased Premises to the Landlord and this Lease shall terminate.  The Tenant shall only pay Rent to the time of such Total Destruction. However, in the event of Total Destruction if the Landlord shall elect not to cancel
          this Lease within the 15 day period the Landlord shall repair and restore the Building to substantially the same condition as it was prior to the damage or destruction, with reasonable speed and dispatch, and in all events within 180 days, or if
          Tenant sends notice to Landlord that it elects to continue the Lease, Landlord shall repair and restore the Building to substantially the same condition as it was prior to the damage or destruction, with reasonable speed and dispatch, and in all
          events within the timeframe stated in the independent engineer’s report.  The Rent shall not be accrued after said damage or while the repairs and restorations are being made, but shall recommence upon 30 days notice from Landlord that the Leased
          Premises are substantially restored as evidenced by the issuance of a CO by municipal authorities.  In any case where Landlord must restore, consideration shall be given for delays under the Force Majeure paragraph in this Lease.   Whether or not
          this Lease has been terminated as a result of a casualty, in every instance, all insurance proceeds payable under policies of insurance carried by Landlord as a result of damage or destruction to the Building shall be paid to Landlord as its sole
          and exclusive property.

      

      

      
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                    Commission pursuant to a Confidential Treatment Request with the Commission.

                

        

      

      

      11.2    In the event of any other casualty
          which shall not be tantamount to Total Destruction the Landlord shall repair and restore the Building and the Leased Premises to substantially the same condition as they were prior to the damage or destruction, but not Tenant’s personal property,
          furnishings, inventory, fixtures or equipment, with reasonable speed and dispatch.  Such repairs will not exceed 180 days from the date of the casualty.  The Rent shall abate or shall be equitably apportioned as to any portion of the Leased
          Premises which shall be unfit for occupancy by the Tenant, or which cannot be used by the Tenant to conduct its business in the ordinary course.  The Rent shall recommence 30 days after notice from Landlord that the Leased Premises has been
          substantially restored, as evidenced by the issuance of a CO by municipal authorities. 

      

      

      11.3    In the event of any casualty caused by
          an event which is not covered by Landlord's insurance policy; the Landlord may elect to treat the casualty as though it had insurance or it may terminate the Lease.  If it treats the casualty as though it had insurance then the provisions of this
          paragraph shall apply.  The Landlord shall serve a written notice upon the Tenant within 15 days of the casualty specifying the election which it chooses to make.

      

      

      11.4    In the event the Landlord rebuilds, the
          Tenant agrees, at its cost and expense, to forthwith remove any and all of its equipment, fixtures, stock and personal property to the extent necessary to permit Landlord to expedite the construction unless such costs would be covered by
          Landlord’s insurance.  The Tenant shall assume at its sole risk the responsibility for damage to or security of such fixtures and equipment in the event that any portion of the Building area has been damaged and is not secure.

       

        

      
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                    Commission pursuant to a Confidential Treatment Request with the Commission.

                

        

      

      
      
        12.     

            COMPLIANCE WITH LAWS, RULES AND REGULATIONS

      

      
        12.1.   Compliance with Legal Requirements

        

        

        (a)      Tenant covenants and agrees that it will, at its own cost, promptly comply with and carry out all Legal
            Requirements, including, but not limited to Environmental Laws, as defined below, to the extent that same apply to the manner of Tenant’s occupation or use of the Leased Premises, the conduct of Tenant’s business therein, the construction of
            any Alterations to the Leased Premises by or on behalf of Tenant, any termination of this Lease and surrender of possession by Tenant, or any acts, omissions or other activities of Tenant in or on the Office Park.  Subject to the foregoing, to
            the extent that any Legal Requirements require modifications to the Leased Premises or the Building, in order to bring same into compliance with Legal Requirements and such Legal Requirements were in effect prior to the Commencement Date and
            are not Tenant’s responsibility under this Section, Landlord shall be responsible for the compliance of such items with such Legal Requirements at Landlord’s cost.

        

        

        (b)      The Tenant agrees, at its own cost and expense, to comply with such regulations or requests as may be required by
            the fire or liability insurance carriers providing insurance for the Leased Premises, and the Board of Fire Underwriters, in connection with Tenant's use and occupancy of the Leased Premises.

        

        

        (c)      In case the Tenant shall fail to comply with Legal Requirements, then Landlord may, after 10 days' written notice
            (except for emergency repairs, which may be made immediately), enter the Leased Premises and take any reasonable actions to comply with them, at the cost and expense of the Tenant if Tenant has not otherwise commenced and then diligently
            pursued such actions as are necessary to comply with Legal Requirements.  In addition to Landlord’s rights and remedies by reason of default by Tenant, the cost thereof shall be added to the next month's Rent and shall be due and payable as
            such.

        

        

      

      
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        12.2.   Compliance with Environmental Laws.

        

        

      

      
        (a)      “Environmental Laws” are defined herein as all present or future federal, state or local laws, ordinances, rules, executive orders or regulations (including the rules and regulations of the federal
              Environmental Protection Agency and comparable state agency) relating to the protection of human health or the environment including, but not limited to the
              Comprehensive Environmental Response Compensation and Liability Act of 1980, 42 U.S.C. 9601 et seq.. ("CERCLA"); the Industrial Site Recovery Act, N.J.S.A. 13:lK-6 et seq., ("ISRA"); the New Jersey Spill Compensation and Control Act, N.J.S.A.
              58:10-23.11 et seq., ("Spill Act"): the Solid Waste Management Act, N.J.S.A. 13:1E-1 et seq.. ("SWMA"); the Resource Conservation and Recovery Act, 42 U.S.C. 6901 et seq..("RCRA"); the New Jersey Underground Storage of Hazardous Substances
              Act, NJ.S.A. 58:10A-21 et seq., ("USTA"); the Clean Air Act, 42 U.S.C. Section 7401 et seq., ("CAA"); the Air Pollution Control Act, NJ.S.A. 26:2C-1 et seq. ("APCA"); the New Jersey Water Pollution Control Act, N.J.S.A. 58:10A-1 et seq.,
              ("WPCA"); and any rules or regulations promulgated thereunder or in any other applicable federal, state or local law, rule or regulation dealing with environmental protection.

        

        

        (b)      For purposes of Environmental Laws, to the extent authorized by law, Tenant is and shall be deemed to be the responsible party, including without limitation, the "owner" and "operator" of Tenant's
              "facility" (but not the “owner” of the Property) and the "owner" of all Hazardous Materials brought on the Leased Premises and/or Property by Tenant, its agents, employees, contractors or invitees, and the wastes, by-products, or residues
              generated, resulting, or produced therefrom.

        

        

        (c)      Tenant agrees that:   (i) no activity will be conducted on the Leased Premises that will use or produce any pollutants, contaminants, toxic or hazardous wastes or other materials the removal of
              which is required or the use of which is regulated, restricted, or prohibited by any Environmental Law (“Hazardous Materials,”) except for activities which are part of the ordinary course of Tenant’s business and are conducted in accordance
              with all Environmental Laws, (“Permitted Activities”); "Hazardous Materials" includes any pollutant, dangerous substance, toxic substances, any hazardous
              chemical, hazardous substance, hazardous pollutant, hazardous waste or any similar term as defined in or pursuant to the (i) CERCLA; (ii) RCRA; (iii) ISRA; (iv) Spill Act; (v) USTA; (vi) WPCA; (vii) APCA; (viii) SWMA; (ix) CAA; and (x) USTA
              and any rules or regulations promulgated thereunder or in any other applicable federal, state or local law, rule or regulation dealing with environmental protection (it is understood and agreed that the provisions contained in this Lease
              shall be applicable notwithstanding whether any substance shall not have been deemed to be a Hazardous Material at the time of its use or release); (ii) the
              Leased Premises will not be used for storage of any Hazardous Materials, except for materials used in the Permitted Activities which are properly stored in a manner and location complying with all Environmental Laws; (iii) no portion of the
              Leased Premises or real property on which the Leased Premises is located (the “Property”) will be used by Tenant or Tenant’s Agents for disposal of Hazardous Materials except in accordance with Environmental Laws; (iv) Tenant will deliver to
              Landlord copies of all Material Safety Data Sheets and other written information prepared by manufacturers, importers or suppliers of any chemical on compact disks or electronic format acceptable to Landlord; and (v) Tenant will immediately
              notify Landlord of any violation by Tenant or Tenant’s Agents of any Environmental Laws or the release or suspected release of Hazardous Materials in, under or about the Leased Premises, and Tenant shall immediately deliver to Landlord a copy
              of any notice, filing or permit sent or received by Tenant with respect to the foregoing. “Release” shall mean the spilling, leaking, disposing, pumping, pouring, discharging, emitting emptying, ejecting, depositing, injecting, leaching,
              escaping or dumping however defined, and whether intentional or unintentional, of any Hazardous Material.

        

        

      

      
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        (d)      Tenant shall take immediate steps to halt, remedy or cure any release of a Hazardous Material in under or about the Leased Premises to the extent caused by the Tenant or by its use of the Leased
              Premises. If at any time during or after the Term, any portion of the Property is found to be contaminated by Tenant or Tenant’s Agents or subject to conditions prohibited in this Lease caused by Tenant or Tenant’s Agents or Tenant’s
              invitees, Tenant will indemnify, defend and hold Landlord harmless from all claims, demands, actions, liabilities, costs, expenses, attorneys’ fees, damages and obligations of any nature arising from or as a result thereof, and Landlord shall
              have the right to direct remediation activities, all of which shall be performed at Tenant’s cost and in a manner in compliance with Environmental Laws.  Such remediation shall be completed without the use of Engineering Controls or
              Institutional Controls (as those terms are defined at N.J.A.C. 7:26E-1.8)(“Controls”) except to the extent such Controls are in place or required to address conditions that are not the responsibility of Tenant hereunder.  Tenant shall perform such work at any time during the period of the Lease upon written request by Landlord or, in the absence of a specific request by Landlord, before
              Tenant’s right to possession of the Leased Premises and/or Property terminates or expires to the extent practicable. Tenant’s obligations pursuant to this
              subsection shall survive the expiration or termination of this Lease. If Tenant fails to perform such work within the reasonable time period specified by Landlord
              or before Tenant's right to possession terminates or expires (whichever is earlier), Landlord may at its discretion, and without waiving any other remedy available under this Lease or at law or equity (including without limitation an action
              to compel Tenant to perform such work), perform such work at Tenant's cost. Tenant shall pay all costs reasonably incurred by Landlord in performing such work within twenty (20) days after Landlord’s request therefor. Such work performed by
              Landlord is on behalf of Tenant and Tenant remains the owner, generator, operator, transporter, and/or arranger of the Hazardous Materials for purposes of Environmental Laws.  Tenant agrees not to enter into any agreement with any person,
              including without limitation any governmental authority, regarding the removal of Hazardous Materials that have been released onto or from the Leased Premises without the written approval of the Landlord, which approval shall not be
              unreasonably withheld, conditioned or delayed.

        

        

      

      
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                    Commission pursuant to a Confidential Treatment Request with the Commission.

                

        

      

      
        (e)      Tenant hereby represents and warrants that
              its North American Industrial Classification System ("NAICS") classification, as defined by the most recent edition of the NAICS United States Manual is 541710 .  Tenant hereby agrees that it shall promptly inform Landlord of any change in
              its NAICS number and obtain Landlord's consent for any change in the nature of the business to be conducted in the Leased Premises.  If Tenant's operations on the Premises constitute an "Industrial Establishment" (as that term is defined by
              ISRA) Tenant shall comply with ISRA, the regulations promulgated thereunder and any amending and successor legislation and regulations (including, without limitation, the New Jersey Site Remediation Reform Act, N.J.S.A. 58:10C-1 et seq.,
              referred to herein as “SRRA”) by obtaining one of the following:  (i) a de minimis quantity exemption; (ii) a Response Action Outcome with respect to the Leased Premises; or (iii) such confirmation that indicates that the New Jersey
              Department of Environmental Protection  has confirmed that ISRA compliance has been achieved (“ISRA Clearance”).  Tenant shall make all submissions to, provide all information to, and comply with all requirements of, the New Jersey Department
              of Environmental Protection ("NJDEP") and a Licensed Site Remediation Professional (as this term is defined under SRRA, herein referred to as an “LSRP”) as selected by Tenant as necessary to accomplish ISRA Clearance.  Without limitation of the foregoing, Tenant's obligations shall include (i) the proper filing, with the NJDEP, of an initial notice under NJ.S.A. 13:lK-9(a) and (ii) the
              performance of all remediation and other requirements of ISRA, including without limitation all requirements of N.J.S.A. 13:lK-9(b) through and including (l).  However,

              if the timing of compliance with ISRA is triggered by an act of Landlord (such as by Landlord’s sale of the Property) the Landlord shall be responsible for all costs (including reasonable consultant and legal fees and filing fees) associated
              with Initial Notice submissions needed to achieve ISRA compliance.

        

        

      

      
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                    Commission pursuant to a Confidential Treatment Request with the Commission.

                

        

      

      
        (f)       In the event that ISRA Clearance, if required, is not delivered to the Landlord prior to surrender of the Leased
            Premises by the Tenant to the Landlord, to the extent the failure to obtain ISRA clearance precludes Landlord from leasing the Leased Premises to another party at fair market rents, it is understood and agreed that the Tenant shall be liable to
            pay to the Landlord an amount equal to 200% of the Base Rent then in effect, together with all applicable Additional Rent from the date of such surrender until such ISRA Clearance is delivered to the Landlord, and together with any costs and
            expenses reasonably incurred by Landlord in enforcing Tenant's obligations under this paragraph.

      

      
        

        

        (g)      In addition to the above, Tenant agrees
              that it shall cooperate with Landlord in the event ISRA is applicable to any portion of the Property.  In such case, Tenant agrees that it shall fully cooperate with Landlord in connection with any information or documentation which may be
              requested by the NJDEP or the relevant LSRP.  In the event that any remediation of the Property is required in connection with the conduct by Tenant of its business at the Leased Premises, Tenant expressly covenants and agrees that it shall
              be responsible for the remediation attributable to the Tenant's operation and Tenant shall, at Tenant's own expense, prepare and submit the required plans and
              financial assurances, and carry out the approved remediation plans. 

        

        

        (h)      Tenant shall indemnify, defend and hold Landlord harmless from and against any and all losses (including, without
            limitation, diminution in value of the Premises or the Property), claims, demands, actions, suits, damages (excluding punitive damages from the indemnification to the extent that such damages result from acts or omissions of Landlord),
            reasonable expenses (including, without limitation, remediation, removal, repair, corrective action, or clean up expenses), and reasonable costs (including, without limitation, actual attorneys' fees, consultant fees or expert fees) which are
            brought or are recoverable against, or suffered or incurred by Landlord to the extent resulting from any breach of the requirements under this Section 12 by Tenant, its agents, employees, contractors, subtenants, assignees or invitees,
            regardless of whether Tenant had knowledge of such non-compliance.

        

        

        (i)       Notwithstanding anything in this Lease to the contrary, the liability of the Tenant, and any indemnities provided
            by the Tenant hereunder, shall not extend to Hazardous Materials that were placed on the Leased Premises, in the Building, or on the Office Park by Landlord, by any of Landlord’s Agents, or by any current or former tenant of the Office Park
            other than Tenant.  In addition, Landlord shall not include in Additional Rent or Operating Costs, or pass on to Tenant directly or indirectly, the cost incurred by Landlord in monitoring, reporting, testing, abating and/or removing Hazardous
            Materials that were contained in the Leased Premises, in the Building and/or on the Office Park unless caused by Tenant or Tenant’s Agents.

        

        

      

      
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      (j)       Landlord’s Indemnity.
          Landlord hereby represents that, to the best of its knowledge, as of the date of this Lease, there are no Hazardous Substances located in the Office Park which violate any Environmental Laws. Landlord shall comply with all applicable
          Environmental Laws, and shall indemnify, defend, and hold harmless Tenant from and against any and all liabilities, damages, claims, losses, judgments, causes of action, and reasonable costs and expenses (including the reasonable fees and
          expenses of counsel) that may be incurred by Tenant or threatened against Tenant, relating to or arising out of Hazardous Substances located on, in or under the Office Park as of the Commencement Date, or were introduced onto the Office Park
          after the Commencement Date that are not Tenant’s responsibility hereunder.

      

      

      12.3    The covenants of this section 12 shall survive the expiration or earlier termination of the Lease term.

      

      

      

      13.      INSPECTION

              BY LANDLORD

      Tenant agrees that Landlord shall have the right to enter into the Leased Premises during business hours for the purpose of
          examining the same upon reasonable advance written notice of not less than 24 hours (except in the event of emergency), or to make such repairs as are necessary, to exhibit the Leased Premises to mortgagees or prospective mortgagees or
          purchasers, and during the last 12 months of the Term, to prospective tenants.  Upon Tenant’s request, Landlord or its agents shall be accompanied by a representative of Tenant.  Notwithstanding anything contained herein, Landlord shall not be
          permitted to enter any portion(s) of the Leased Premises if Legal Requirements prohibit Landlord’s access to such portion of the Premises due to confidentiality restrictions.  Landlord agrees that its employees, representatives or agents shall
          not enter any sterile areas within the Leased Premises without following the procedures outlined by Tenant for access to these areas.  Any entry or repair shall not materially interfere with Tenant's use of or access to the Leased Premises.
          Tenant agrees that if Tenant has ceased business operations in the Leased Premises and vacated the Leased Premises,  Landlord shall have the right to enter into the Leased Premises at all hours for any reason without notice.  If Tenant vacates
          the Leased Premises, Tenant shall immediately give Landlord a copy of all keys and swipe cards and Landlord shall have the right to enter the Leased Premises at any time.

      

      

      
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      14.      DEFAULT BY TENANT

      14.1    Each of the following shall be deemed a
          default (“Event of Default”) by Tenant and a breach of this Lease:

      

      

      
         

      

      (a)      (1)          filing of a
        petition by the Tenant for adjudication as a bankrupt entity, or for reorganization, or for an arrangement under any federal or state statute, except in a Chapter 11 Bankruptcy where the Rent stipulated herein is being paid and the terms of the
        Lease are being complied with;

       

      

      
        
          
            (2)          dissolution or liquidation
                of the Tenant;

          

        

      

      

      

      
        
          
            (3)          appointment of a permanent
                receiver or a permanent trustee of all or substantially all of the property of the Tenant, if such appointment shall not be vacated within 60 days, provided the Rent stipulated herein is being paid and the terms of the Lease are being
                complied with, during said 60-day period;

          

        

      

      

      

      
        
          
            (4)          taking possession of the
                property of the Tenant by a governmental officer or agency pursuant to statutory authority for dissolution, rehabilitation, reorganization or liquidation of the Tenant if such taking of possession shall not be vacated within 60 days,
                provided the Rent stipulated herein is being paid and the terms of the Lease are being complied with, during said 60-day period;

          

        

      

      

      

      
        
          
            (5)          making by the Tenant of an
                assignment for the benefit of creditors; and

          

        

      

      

      

      
        
          
            (6)          abandonment, desertion or
                vacation of the Leased Premises by the Tenant, unless Tenant employs at least one individual in the Leased Premises on a full-time basis for the purpose of maintaining the HVAC system and observing the Leased Premises.

             

              

          

        

      

      
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      (b)      if Tenant defaults in the payment of Rent or any other sums due under the Lease when due and such default continues
          for five business days after written notice thereof from Landlord, provided however, that if Landlord has delivered two such written notices of default to Tenant in any 12-month period, then any subsequent default in the payment of Rent or any
          other sums due under the Lease which is not paid within five business days after the date it is due shall constitute an Event of Default without requirement of any written notice of nonpayment.

      

      

      (c)      if Tenant shall, whether by action or inaction, be in default of any other obligations under this Lease for 30
          business days after written notice thereof from Landlord. The foregoing notwithstanding, if (i) such default cannot reasonably be cured within such 30-day period despite Tenant’s due diligence, (ii) the continuance of the cure period beyond 30
          business days after Landlord’s default written notice will not subject Landlord or any mortgagee of Landlord to prosecution for a crime or any other civil or criminal fine or charge, or otherwise violate applicable Laws, subject the Office Park,
          or any part thereof, to being condemned or vacated, subject the Office Park, or any part thereof, to any lien or encumbrance, or result in the foreclosure of any mortgage or deed of trust on the Office Park, (iii) no emergency exists, and (iv)
          Tenant advises Landlord in writing within the initial 30 business day period of Tenant’s intention to take all steps necessary to cure such default and duly commences and thereafter diligently and continuously prosecutes to completion all steps
          necessary to cure such default, then such 30-day cure period shall be extended for a reasonable period of time as necessary under the circumstances for Tenant to cure such default (but in no event shall the cure period be extended beyond 75 days
          after the date of Landlord’s default written notice to Tenant).

      

      

      (d)      if Tenant shall assign this Lease or sublet the Leased Premises or any portion thereof in violation of the
          requirements of the Lease.

      

      

      14.2    Upon the occurrence of an Event of
          Default, Landlord shall have the following remedies, in addition to any and all other rights and remedies provided by law or otherwise provided in this Lease, any one or more of which Landlord may resort to cumulatively, consecutively, or in the
          alternative:

      

      

      (a)      Landlord may continue this Lease in
          full force and effect, and collect Rent when due.

      

      

      
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                    Commission pursuant to a Confidential Treatment Request with the Commission.

                

        

      

      (b)      Landlord may terminate this Lease
          upon written notice to Tenant to such effect, in which event this Lease (and all of Tenant’s rights hereunder) shall immediately terminate, but such termination shall not affect those obligations of Tenant which are intended by their terms to
          survive the expiration or termination of this Lease, nor Tenant’s obligation to pay damages as set forth below.  This Lease may also be terminated by a judgment specifically providing for termination.

      

      

      (c)      Landlord may terminate Tenant’s right
          of possession without terminating this Lease, in which event Tenant’s right of possession of the Leased Premises shall immediately terminate, but this Lease shall continue subject to the effect of this Section.  Landlord may, but shall not be
          obligated to, perform any defaulted obligation of Tenant, and to recover from Tenant, as Additional Rent, the reasonable and actual costs incurred by Landlord in performing such obligation. Landlord may only exercise its rights under this Section
          with such prior written notice as may be reasonable under the circumstances in the event of any one or more of the following circumstances is present: (i) there exists a reasonable risk of prosecution of Landlord unless such obligation is
          performed sooner than the stated cure period; (ii) there exists an emergency arising out of the defaulted obligation; or (iii) the Tenant has failed to obtain insurance required by this Lease, or such insurance has been canceled by the insurer
          without being timely replaced by Tenant, as required herein.

      

      

      (d)      Landlord shall have the right to
          recover damages from Tenant, as set forth in the following Section. Upon any termination of this Lease or of Tenant’s right of possession, Landlord, at its sole election,  may (i) re-enter and take possession of the Leased Premises and all the
          remaining improvements or property, (ii) eject Tenant or any of the Tenant’s subtenants, assignees or other person or persons claiming any right under or through Tenant, (iii) remove all property from the Leased Premises and store the same  in a
          public warehouse or elsewhere at Tenant’s expense, and/or (iv) deem such property to be abandoned, and, in such event, Landlord may dispose of such property at Tenant’s expense, free from any claim by Tenant or anyone claiming by, through or
          under Tenant.  Landlord shall use reasonable commercial efforts to relet the Leased Premises after recovering possession of the Leased Premises. It shall not constitute a constructive or other termination of this Lease or Tenant’s right to
          possession if Landlord (A) exercises its right to repair or maintain the Leased Premises, (B) performs any unperformed obligations of Tenant, (C) stores or removes Tenant’s property from the Leased Premises after Tenant’s dispossession, (D)
          attempts to relet, or, in fact, does relet, the Leased Premises or (E) seeks the appointment of a receiver on Landlord’s initiative to protect Landlord’s interest under this Lease.

      

      

      
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      15.      DAMAGES

      (a)      Upon any termination of this Lease or Tenant’s right of possession, or any reentry by Landlord under Section 14 of the
          Lease, or under any summary dispossession or other proceeding or action or any provision of law by reason of any Event of Default by Tenant, then in addition to the aggregate amount of Rent which Tenant has failed to pay under this Lease through
          the date of termination or re-entry (as the case may be) and any other damages recoverable by Landlord under applicable state law or this Lease, Tenant shall pay to Landlord as damages, at Landlord’s election, either:

      

      

      (i)        a lump sum which shall be immediately due and payable by Tenant and which, at the time of termination of this Lease
          or any such reentry by Landlord, as the case may be, represents the excess of (a) the aggregate amount of the Base Rent and Additional Rent which would have been payable by Tenant (conclusively presuming that the average monthly Additional Rent
          is the same as was payable for the 12 calendar months prior to such termination or reentry, or if less than 12 calendar months have elapsed since the Rent Commencement Date, then all of the calendar months preceding such termination or reentry)
          for the period commencing with such termination or reentry, as the case may be, and ending with the Expiration Date, over (b) the aggregate amount of Rent that Tenant proves should reasonably have been received by Landlord for the same period
          (taking into account an appropriate vacancy period to seek and obtain a replacement tenant and time to fit the Leased Premises out for such tenant’s occupancy, during which Landlord cannot reasonably be expected to receive rent), which excess
          amount shall be discounted to present value using a discount rate equal to the lesser of (A) the prime rate of interest announced from time to time in the "Money Rates" column of The Wall Street Journal (or any successor column published by The
          Wall Street Journal, or if there be none, such index of the then prevailing "prime rate" of interest as designated by Landlord) plus 1%, or (B) 6% per annum; or

      

      

      
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                    Commission pursuant to a Confidential Treatment Request with the Commission.

                

        

      

      (ii)       sums equal to the Base Rent and Additional Rent provided for in this Lease which would have been payable by Tenant
          had this Lease not been terminated, or Landlord had not so reentered, payable upon the due dates specified herein for such payments following such termination or reentry until the Expiration Date.

      

      

      (b)      In addition, Tenant shall immediately become liable to Landlord for all damages proximately caused by Tenant’s breach
          of its obligations under this Lease, including all costs Landlord realizes and incurs through the use of a third party in reletting (or attempting to relet) the Leased Premises or any part thereof, including, without limitation, third party
          brokers’ commissions, expenses of a vendor for cleaning the Leased Premises for new tenants, reaosonable outside legal fees and all other like third party expenses properly chargeable against the Leased Premises and the rental received therefrom
          and like costs.  If Landlord relets the Leased Premises (or any portion thereof), such reletting may be for a period shorter or longer than the remaining Term, and upon such terms and conditions as Landlord deems appropriate, in its reasonable
          discretion, and Tenant shall have no interest in any sums collected by Landlord in connection with such reletting (except as a credit against any damages payable by Tenant) except to the extent expressly set forth herein. Landlord shall use
          commercially reasonable efforts to mitigate its damages hereunder, provided that Landlord (i) shall not be obligated to show preference for reletting the Leased Premises over any other vacant space in the Building; (ii) may divide the Leased
          Premises, as Landlord deems appropriate, (iii) may relet the whole or any portion of the Leased Premises upon such terms as it deems appropriate, and may grant any rental or other lease concessions as it reasonably deems advisable under
          prevailing market conditions, including rent abatements for a portion of the term; and (iv) Landlord’s obligation to mitigate damages shall be deemed satisfied by its providing adequate information to a commercial third party broker as to the
          availability of such space (based on a customary brokerage fee being earned by such broker), having the Leased Premises available for inspection by prospective tenants during reasonable business hours, and by acceptance of a commercially
          reasonable offer for the Leased Premises from a creditworthy person or entity based on a form of lease agreement which is substantially the same as the form utilized for other space tenants in the Building. If Landlord shall succeed in reletting
          the Leased Premises during the period in which Tenant is paying monthly rent damages, Landlord shall credit Tenant with the net rents collected by Landlord from such reletting, after first deducting from the gross rents, as and when collected by
          Landlord, (A) all third party expenses incurred or paid by Landlord in collecting such rents, and (B) any theretofore unrecovered costs associated with the termination of this Lease or Landlord’s reentry into the Leased Premises, including any
          theretofore unrecovered expenses of reletting and other damages payable hereunder.  If the Leased Premises or any portion thereof be relet by Landlord for the unexpired portion of the Term before presentation of proof of such damages to any
          court, commission or tribunal, the amount of rent reserved upon such reletting shall, prima facie, constitute the fair and reasonable rental value for the Leased Premises, or part thereof, so relet for the term of the reletting.  Provided in all
          cases that Landlord has acted in a commercially reasonable manner and in conformance with this Section 16.  Landlord shall not be liable in any way whatsoever for its failure or refusal to relet the Leased Premises, or if the Leased Premises or
          any part are relet, for its failure to collect the rent under such reletting, and no such refusal or failure to relet or failure to collect rent shall release or affect Tenant’s liability for damages or otherwise under this Lease.

      

      

      
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      (c)      Notwithstanding anything to the contrary contained in this Lease, Landlord shall not make any claim against Tenant for
          (i) any damage to, or loss of, any property of Landlord or any other person, or (ii) special, consequential, indirect or punitive damages.  Landlord hereby waives all claims against Tenant with respect to the foregoing.   The provisions of this
          Section 15(c) shall survive the expiration or earlier termination of the Lease.

      

      

      16.      NOTICES

      Any notice, consent or other communication under this Lease shall be in writing and addressed to Landlord or Tenant as follows
          (or to such other address as either may designate by written notice to the other) with a copy to any mortgagee or other party designated in writing by Landlord:

       

        

      	
              (a)      If to Landlord, one copy to
                  each of the named parties:

            	
              Cedar Brook 12 Corporate Center, L.P.

              4A Cedar Brook Drive

              Cranbury, NJ 08512

              Attention: Bruce Simon and

              Aaron Drillick

            

      

      

      
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      or such other address as Landlord may designate by notice to Tenant;

      

      

      	
              (b)      If to Tenant:

            	
              Rocket Pharmaceuticals, Inc.

              350 Fifth Avenue, Suite 7530

              New York, NY 10118

              Attention: Sara M. Turken

            
	 	 
	
              and a copy under separate cover to:

            	
              Sills, Cummis & Gross, P.C.

              1 Riverfront Plaza

              Newark, NJ 07102

              Attention: Debbie Kramer Gregg, Esq.

            

      

      

      

      

      Each written notice shall be deemed given if sent by prepaid overnight delivery service or by certified mail, return receipt
          requested, postage prepaid or by electronic mail, provided delivery is confirmed and is followed by notice sent by overnight delivery service, with delivery in any case evidenced by a receipt, and shall be deemed to have been given on the day of
          actual delivery to the intended recipient or on the business day delivery is refused.  The giving of written notice by Landlord’s or Tenant’s attorneys, representatives and agents under this Section shall be deemed to be the acts of Landlord or
          Tenant, as applicable.

      

      

      17.      NON-WAIVER BY LANDLORD

      The failure of Landlord to insist upon the strict performance of any of the terms of this Lease, or to exercise any option
          contained herein, shall not be construed as a waiver of any such term.  Acceptance by Landlord of performance of anything required by this Lease to be performed, with the knowledge of the breach of any term of this Lease, shall not be deemed a
          waiver of such breach, nor shall acceptance of Rent in a lesser amount than is due (regardless of any endorsement on any check, or any statement in any letter accompanying any payment of Rent) be construed either as an accord and satisfaction or
          in any manner other than as payment on account of the earliest Rent then unpaid by Tenant.  No waiver by Landlord of any term of this Lease shall be deemed to have been made unless expressed in writing and signed by Landlord.

      

      

      
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      18.      ALTERATIONS

      Tenant shall have the right to make non-structural Alterations to the Leased Premises without Landlord’s consent provided the
          cost does not exceed a total of $200,000 in any calendar year.  Any other Alterations shall require Landlord’s consent which which shall not be unreasonably withheld or delayed. Any construction performed in the Additional Premises or increase in
          basement occupancy shall not be considered an alteration and shall be governed by Section 3 of this Lease.  At the time Tenant requests Landlord’s consent for any Alterations that require Landlord’s consent, Tenant shall deliver plans and
          specifications to Landlord. Landlord shall notify Tenant, within ten (10) business days after receipt of Tenant’s plans and specifications, whether Landlord offers to perform the Alterations, along with a draft construction budget. Tenant shall
          notify Landlord within 10 business days whether Tenant wishes to proceed with the Alterations and whether it elects to retain Landlord to perform the Alterations in accordance with the construction budget provided by Landlord. In the event
          Landlord consents to the Alterations but does not to perform the work, Tenant shall comply with the following: (i) not less than 10 business days prior to commencing any Alteration, Tenant shall deliver to Landlord final plans, specifications and
          necessary permits for the Alteration, together with certificates evidencing that Tenant’s contractors and subcontractors have adequate insurance coverage naming Landlord, and any other associated or affiliated entity as their interests may appear
          as additional insureds, (ii) Tenant shall obtain Landlord’s prior written approval of any contractor or subcontractor which consent shall not be unreasonably withheld, (iii) the Alteration shall be constructed with new materials, in a good and
          workmanlike manner, and in compliance with all Legal Requirements and the plans and specifications delivered to, and approved by Landlord.  If Landlord is not the contractor, Tenant shall provide Landlord with as-built plans, in both CAD and PDF
          format, along with back-up disks, upon completion of the work. All Alterations attached to the Building shall become part of
          the realty immediately upon installation and, except for Alterations which Landlord requires Tenant to remove pursuant to this Lease, shall be surrendered with the Leased Premises without payment by Landlord. If Landlord’s consent to the
          Alterations is conditioned upon Tenant’s removal of such Alterations at the expiration or termination of the Lease Term, then Tenant will remove the Alterations and will repair any resulting damage and will restore the Leased Premises to the
          condition existing prior to the Alteration.  If any contractor performing work on behalf of Tenant files a mechanics lien against the Property, then Tenant, within 15 days after receipt of notice that a lien has been filed shall either discharge
          the lien or post sufficient security in the amount of the lien to guaranty the removal of the lien.

      

      

      
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      19.      NON-LIABILITY OF LANDLORD

      Tenant agrees to assume all risk of damage to its property, equipment and fixtures occurring in or about the Leased Premises, whatever the cause
          of such damage or casualty except if caused by the gross negligence or willful misconduct of Landlord. Landlord shall not be liable for any damage or injury to property or person caused by or resulting from steam, electricity, gas, water, rain,
          ice or snow, or any leak or flow from or into any part of the Building, or from any damage or injury resulting or arising from any other cause or happening whatsoever (refer to Paragraph 8.4 (c) of this Lease) unless caused by the gross
          negligence or willful misconduct of Landlord.  The Landlord shall not be released from liability if Tenant, its employees, agents, or visitors is injured outside the Leased Premises but within the Office Park through the gross negligence or
          willful misconduct of the Landlord. 

      

      

      20.      RESERVATION OF EASEMENT

      Landlord reserves the right, easement and privilege to enter on the Leased Premises in order to install, at its own cost and
          expense and upon reasonable written notice to Tenant (other than in an emergency) any utility lines and services in connection therewith as may be required by the Landlord provided such installation is performed by Landlord during business hours
          and does not interfere with Tenant’s business operations.  Landlord shall indemnify and hold Tenant harmless from and against all damages incurred by Tenant as a result of Landlord’s exercise of its rights under this Section.  It is understood
          and agreed that if such work as may be required by Landlord requires any interior installation, or displaces any exterior paving or landscaping, the Landlord shall at its own cost and expense, restore such items, to substantially the same
          condition as they were before such work.

      

      

      21.      STATEMENT OF ACCEPTANCE

      Upon the delivery of the Leased Premises to the Tenant the Tenant covenants and agrees that it will furnish to Landlord a
          statement which shall set forth the Date of Commencement and the Date of Expiration of the Lease Term.

      

      

      
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      22.      FORCE MAJEURE

      Except for the obligation of the Tenant to pay Rent, incuding Additional Rent, the period of time during which the Landlord or
          Tenant is prevented from performing any act required to be performed under this Lease by reason of fire, catastrophe, strikes, lockouts, civil commotion, weather conditions, acts of God, government prohibitions or preemptions or embargoes,
          inability to obtain material or labor by reason of governmental regulations, the act or default of the other party, or other events beyond the reasonable control of Landlord or Tenant, as the case may be, shall be added to the time for
          performance of such act.

      

      

      23.      STATEMENT BY TENANT

      Tenant and Landlord shall at any time and from time to time upon not less than 10 days' prior notice from the other execute,
          acknowledge and deliver to the party requesting same, a statement in writing, certifying that this  Lease is unmodified and in full force and effect (or if there have been modifications, that the same is in full force and effect as modified and
          stating the modifications), that it is not in default (or if claimed to be in default, stating the amount and nature of the default) and specifying the dates to which the  Rent and other charges have been paid in advance.

      

      

      24.      CONDEMNATION

      24.1    If (a) all of the Leased Premises are
          taken by a public authority having the power of eminent domain by condemnation or conveyance in lieu of condemnation, or (b) so much of the Leased Premises or Common Areas is so taken and the remainder is insufficient in Landlord’s or Tenant’s
          opinion for the reasonable operation of Tenant’s business,  then this Lease shall terminate as of the date the condemning authority takes possession.  If this Lease is not terminated, Landlord shall restore the Building and/or the Common Areas to
          a condition as near as reasonably possible to the condition prior to the taking, the Rent shall be abated for the period of time all or a part of the Leased Premises is untenantable in proportion to the square foot area untenantable, and this
          Lease shall be amended appropriately.  The compensation awarded for a taking shall belong to Landlord.  Except for any relocation benefits or any other benefits to which Tenant may be entitled, and which do not diminish Landlord’s claim, Tenant
          hereby assigns all claims against the condemning authority to Landlord, including, but not limited to, any claim relating to Tenant’s leasehold estate.

      

      

      
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      25.      LANDLORD'S RIGHTS

      25.1    The rights and remedies given to the
          Landlord in this Lease are distinct, separate and cumulative remedies, and no one of them, whether or not exercised by the Landlord, shall be deemed to be in exclusion of any of the others.

      

      

      25.2    In addition to any other legal remedies
          for violation or breach of this  Lease by the Tenant or by anyone holding or claiming under the Tenant such violation or breach shall be restrainable by injunction at the suit of the Landlord.

      

      

      25.3    No receipt of money by the Landlord
          from any receiver, trustee or custodian or debtors in possession shall reinstate, or extend the term of this  Lease or affect any notice theretofore given to the Tenant, or to any such receiver, trustee, custodian or debtor in possession, or
          operate as a waiver or estoppel of the right of the Landlord to recover possession of the Leased Premises for any of the causes therein enumerated by any lawful remedy; and the failure of the Landlord to enforce any covenant or condition by
          reason of its breach by the Tenant shall not be deemed to void or affect the right of the Landlord to enforce the same covenant or condition on the occasion of any subsequent default or breach.

      

      

      26.      QUIET ENJOYMENT

      The Landlord covenants that the Tenant, on paying the Rent and performing the covenants and conditions contained in this Lease,
          may peaceably and quietly have, hold and enjoy the Leased Premises for the Lease term.

      

      

      
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      27.      SURRENDER OF PREMISES; HOLDOVER

      On the last day, or earlier permitted termination of
            the Lease, Tenant shall quit and surrender the Leased Premises in good and orderly condition and repair (reasonable wear and tear, and damage by fire or other casualty excepted) and shall deliver and surrender the Leased Premises to the
            Landlord peaceably, together with all Tenant Improvements. All data and communication wiring located within the walls or ceiling of the Leased Premises, whether installed by Tenant or Landlord, shall be surrendered and Tenant shall take no action to impair the then-existing condition thereof.  Landlord reserves the right, however, to require the Tenant at its cost and expense to remove any Alterations installed by the Tenant after the Commencement
            Date, and restore the Leased Premises to its original state, normal wear and tear excepted, subject to the other provisions of this Lease relating to Tenant
            Improvements and Alterations.  If items are to be removed during the Term of the Lease or at the expiration of the Lease, Tenant shall remove them in a manner reasonably acceptable to Landlord, and must repair any damage caused by such removal. Prior to the expiration of the Lease term the Tenant shall have the right to remove
            Tenant’s property identified on Schedule 27 if so desired, from the Leased Premises and shall repair all damage caused by such removal. Notwithstanding the foregoing, Tenant shall not remove any electrical, mechanical, plumbing, HVAC systems or
            components, or equipment that support any systems or improvements built into the Leased Premises, including casework (cabinets installed to the floors and/or
            walls), chemistry hoods ducted to exhaust and biological safety cabinets that are ducted to exhaust and shall leave any such systems or improvements in good working order less wear and tear. Tenant shall take no action to impair the then-existing
            condition thereof. Tenant shall have the right to remove all of its fixtures and equipment, provided any damages caused by such removal shall be repaired by Tenant.  Prior to Tenant’s occupancy of the Leased Premises, Landlord and Tenant will
            execute a mutually agreed-upon amendment to this agreement setting forth a list of equipment servicing the Building which is not related to the operation of Tenant’s business which Tenant shall not remove in the Leased Premises after the end of
            the lease term and which will become Landlord’s property.  Since systems and equipment will change over the Term, Landlord and Tenant, no later than three months prior to the termination of the Lease shall acting in good faith mutually agree
            upon the equipment and systems servicing the Building that will remain with the Leased Premises or must be removed by Tenant. All property not removed by Tenant shall be deemed abandoned by Tenant, and Landlord reserves the right to remove and
            dispose such property and charge the reasonable cost of such removal and disposal to the Tenant. If the Leased Premises are not surrendered at the end of the Lease term, it shall constitute a default under the Lease by Tenant, and in addition
            to any other remedy available to Landlord, the Tenant shall be liable for 125% of the then current Rent for the first two months or any portion thereof that Tenant
            remains in the Leased Premises and for 200% for any month or portion of any month Tenant remains in the Leased Premises thereafter.  These covenants shall survive the termination of the Lease.

      

      

      28.      INDEMNITY

      Anything in this Lease to the contrary notwithstanding, and without limiting the Tenant's obligation to provide insurance
          hereunder, the Tenant covenants and agrees that it will indemnify, defend and save harmless the Landlord against and from all liabilities, obligations, damages, penalties, claims, costs, charges and expenses, including without limitation
          reasonable attorneys' fees, which may be imposed upon or incurred by Landlord by reason of any of the following occurring during the term of this Lease:

      

      

      
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        (a)      Any matter, cause or thing arising
            out of Tenant's use, occupancy, control or management of the Leased Premises and any part thereof.

        

        

        (b)      Any gross negligence on the part of
            the Tenant or any of its agents, employees, licensees or invitees, arising in or about the Leased Premises.

        

        

        (c)      Any failure on the part of Tenant
            to perform or comply with any of its covenants, agreements, terms or conditions contained in this Lease.

        

        

        The foregoing indemnity shall survive termination or expiration of the Lease. Subject to the provisions of paragraph 19, the foregoing
          shall not require indemnity by Tenant in the event of damage or injury occasioned by the negligence or acts of commission or omission of the Landlord, its agents, servants, or employees or to the extent of any damages covered by insurance carried
          by Landlord.

        

        

        Landlord shall promptly notify Tenant of any such claim asserted against it and shall promptly send to Tenant copies of all
            papers or legal process served upon it in connection with any action or proceeding brought against Landlord.

        

        

        
          
            29.      BIND AND CONSTRUE CLAUSE

          

        

        The terms, covenants and conditions of this Lease shall be binding upon, and inure to the benefit of, each of the parties
            hereto and their respective heirs, successors, and assigns.   If any one of the provisions of this Lease shall be held to be invalid by a court of competent jurisdiction, such adjudication shall not affect the validity or enforceability of the
            remaining portions of this Lease.  The parties each acknowledge to the other that this Lease has been drafted by both parties, after consultation with their respective attorneys, and in the event of any dispute, the provisions are not to be
            interpreted against either party as the drafter of the Lease.

        

        

        
          
            30.      INCLUSIONS

          

        

        
          The neuter gender when used herein, shall include all persons and corporations, and words used in the singular shall include words in the plural where the text of the
              instrument so requires.

        

        

        

        
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            31.      DEFINITION OF TERM "LANDLORD"

          

        

        
          
            When the term
                "Landlord" is used in this Lease it shall be construed to mean and include only the entity which is the owner of title to the building.  Upon the transfer by the Landlord of the title, the Landlord shall advise the Tenant in writing by
                certified mail, return receipt requested, of the name of the Landlord's transferee.  In such event, the Landlord shall be automatically freed and relieved from and after the date of such transfer of title of all personal liability with
                respect to the performance of any of the covenants and obligations on the part of the Landlord herein contained to be performed, provided any such transfer and conveyance by the Landlord is expressly subject to the assumption by the
                transferee of the obligations of the Landlord hereunder.

          

        

        

        

        
          
            32.      COVENANTS OF FURTHER ASSURANCES

          

        

        
          
            If, in connection
                with obtaining financing for the improvements on the Leased Premises, the mortgage lender shall request reasonable modifications in this  Lease as a condition to such financing, Tenant will not unreasonably withhold, delay or refuse its
                consent thereto, provided that such modifications do not in Tenant's reasonable judgment increase the obligations of Tenant hereunder or materially adversely affect the leasehold interest hereby created or Tenant's use and enjoyment of the
                Leased Premises.

          

        

        

        

        
          
            33.      COVENANT AGAINST LIENS; WAIVER OF LANDLORD LIEN

          

        

        
          
            Tenant agrees that
                it shall not encumber, or permit to be encumbered; the Leased Premises or the fee thereof by any lien, charge or encumbrance, and Tenant shall have no authority to mortgage or hypothecate this Lease in any way whatsoever.  Any violation of
                this Paragraph shall be considered a breach of this Lease. Tenant promptly shall pay for any labor, services, materials, supplies or equipment furnished to Tenant in or about the Leased Premises.  Tenant shall keep the Leased Premises and
                the Office Park free from any liens arising out of any labor, services, materials, supplies or equipment furnished or alleged to have been furnished to Tenant.  Tenant shall take all steps permitted by law in order to avoid the imposition
                of any such lien.  Should any such lien or notice of such lien be filed against the Leased Premises or the Office Park, Tenant shall discharge the same by bonding or otherwise, within 15 business days after Tenant has notice that the lien
                or claim is filed regardless of the validity of such lien or claim.  Landlord hereby waives the right to any Landlord’s lien, statutory or otherwise against any equipment, furniture and personal property owned by Tenant (“Tenant’s
                Property”).  Upon request by Tenant, unless there is an existing Event of Default, Landlord agrees to execute a separate agreement  ackoweldging the waiver of its right to a Landlord’s lien against Tenant’s Property.

          

        

        

        

        
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                      Commission pursuant to a Confidential Treatment Request with the Commission.

                  

          

        

        
          
            34.      SUBORDINATION

          

        

        
          
            This Lease shall be
                subject and subordinate at all times to the lien of any mortgages or ground leases or other encumbrances now or hereafter placed on the land, Building and Leased Premises without the necessity of any further instrument or act on the part of
                Tenant to effectuate such subordination.  However, Tenant agrees to execute such further documents evidencing the subordination of the Lease to the lien of any mortgage or ground lease reasonably acceptable to Tenant, as shall be desired by
                Landlord within 5 business days.  However, any mortgagee may at any time subordinate its mortgage to this Lease, without Tenant’s consent, by giving written notice to Tenant, and this Lease shall then be deemed prior to such mortgage
                without regard to their respective dates of execution and delivery; provided that such subordination shall not affect any mortgagee’s rights with respect to condemnation awards, casualty insurance proceeds, intervening liens or any right
                which shall arise between the recording of such mortgage and the execution of this Lease. Landlord shall use reasonable efforts to cause any existing or future Lender with a lien against the Leased Premises to enter into a written
                subordination, non-disturbance and attornment agreement with Tenant on such lender’s standard form, whereby such lender agrees that, for so long as Tenant shall not be in default of its obligations hereunder, after the giving of required
                written notice and the expiration of applicable cure periods, such lender shall not disturb Tenant’s rights hereunder in the event of a foreclosure of its security interest in the Building, land or Leased Premises on such lender’s standard
                form.

          

        

        

        

        
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                      Commission pursuant to a Confidential Treatment Request with the Commission.

                  

          

        

        
          
            35.      EXCULPATION

                  OF LANDLORD

          

        

        
          
            The word “Landlord”
                in this Lease includes the Landlord executing this Lease as well as its successors and assigns, each of which shall have the same rights, remedies, powers, authorities and privileges as it would have had it originally signed this Lease as
                Landlord.  Any such person or entity, whether or not named in this Lease, shall have no liability under this Lease after it ceases to hold title to the Leased Premises except for obligations already accrued (and, as to any unapplied portion
                of Tenant’s Security, Landlord shall be relieved of all liability upon transfer of such portion to its successor in interest).  Tenant shall look solely to Landlord’s successor in interest for the performance of the covenants and
                obligations of the Landlord hereunder which subsequently accrue.  Landlord shall not be deemed to be in default under this Lease unless Tenant gives Landlord written notice specifying the default and Landlord fails to cure the default
                within a reasonable period following Tenant’s notice.  In no event shall Landlord be liable to Tenant for any loss of business or profits of Tenant or for consequential, punitive or special damages of any kind.  Neither Landlord nor any
                principal of Landlord nor any owner of the Office Park, whether disclosed or undisclosed, shall have any personal liability with respect to any of the provisions of this Lease or the Leased Premises; Tenant shall look solely to the equity
                of Landlord in the Office Park for the satisfaction of any claim by Tenant against Landlord and no deficiency judgment or other judgment for money damages shall be entered by Tenant against Landlord.

          

        

        

        

        
          
            36.      NET RENT

          

        

        
          
            It is the intent of
                the Landlord and Tenant that this Lease shall yield, net to Landlord, the Base Rent specified and all Additional Rent and charges in each month during the term of the Lease, and that all costs, expenses and obligations of every kind
                relating to the Leased Premises shall be paid by the Tenant, unless expressly assumed by the Landlord.  Nothing in this Section is intended to increase Tenant’s obligations as provided in the remainder of this Lease.

          

        

        

        

        
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                      Commission pursuant to a Confidential Treatment Request with the Commission.

                  

          

        

        
          
            37.      SECURITY

          

        

        
          
            Concurrent with its
                execution of this Lease, Tenant is depositing with Landlord the sum of $287,000.00 by check for the Initial Premises, subject to collection, as the security deposit under this Lease (the "Security").  Landlord shall retain such amount as
                security for the faithful performance of all of the terms, covenants, and conditions of this Lease.  Landlord shall in no event be obligated to apply the Security to Rent in arrears or damages for Tenant's default, although Landlord may so
                apply the Security, at its option.  Landlord's right to bring a special proceeding to recover or otherwise obtain possession of the Leased Premises for non-payment of Rent or for any other reason shall not in any event be affected by reason
                of the fact that Landlord holds the Security.  The Security, if not applied toward the payment of Rent in arrears or toward the payment of damages suffered by Landlord by reason of Tenant's default, shall be returned to Tenant without
                interest within thirty (30) days of the expiration of the Lease, or when this Lease is terminated, but in no event shall the Security be returned until Tenant has vacated the Leased Premises and delivered possession thereof to Landlord in
                accordance with the terms and provisions of this Lease, which shall be verified by a walk-through by Landlord within ten (10) days after the Leased Premises has been vacated to confirm that the Leased Premises are in the condition required
                to be at the expiration or termination of the Term.  If Landlord repossesses the Leased Premises, because of Tenant's default, Landlord may apply the Security to damages suffered to the date of such repossession and may apply the Security
                to such damages as may be suffered or shall accrue thereafter by reason of Tenant's default.  Except as otherwise required by the Laws, Landlord shall not be obligated to keep the Security as a separate fund and may commingle the Security
                with its own funds.  If Landlord applies the Security in whole or in part against damages incurred by reason of Tenant’s default, Tenant shall, upon demand by Landlord, deposit sufficient funds to replenish the Security to the original
                amount required hereunder.  Failure of Tenant to deposit such additional security within 30 days of Landlord's demand therefore shall entitle Landlord to avail itself of the remedies provided in this Lease for nonpayment of Rent by Tenant.

          

        

        

        

        
          
            38.      BROKERAGE

          

        

        
          
            The parties mutually represent to each other that Cushman and Wakefield of  New Jersey LLC (the “Broker”) was the only broker involved in the introduction of Tenant to the Landlord and the Leased Premises, negotiation of the Lease
                Agreement, or consummation of the within transaction, that neither party dealt with any other broker in connection with the Lease, and that neither party will deal with any other broker in connection with this Lease in the future.  Landlord
                shall pay all commissions or other fees due to the Broker in connection with this Lease.  In the event that either party violates or is claimed by a third party to have violated this representation, it shall indemnify, defend, and hold the
                other party harmless from all claims and damages.

          

        

        

        

        
          43

          
            

          
            	
                    Pursuant to 17 CFR 230.406, confidential information has been omitted in places marked “* * *” and has been filed separately with the Securities and Exchange
                      Commission pursuant to a Confidential Treatment Request with the Commission.

                  

          

        

        39.      LATE CHARGES

        
          
            In addition to any
                other remedy, a late charge of 1 1/2% per month, retroactive to the date Rent was due, shall be due and payable, without notice from Landlord, on any portion of Rent or other charges not paid within 5 business days of the due date.

          

        

        

        

        
          
            40.      PRESS
                  RELEASES

          

        

        
          
            Landlord shall have the right to announce the execution of this Lease, and the real estate brokers involved in such press releases as Landlord shall deem advisable, provided that no press release shall identify the name of the
                Tenant.   All press releases are subject to Tenant’s prior review and written consent.

          

        

        

        

        
          
            41.      WAIVER OF JURY TRIAL

          

        

        
          
            Landlord and Tenant
                both irrevocably waive a trial by jury in any action or proceeding between them or their successors or assigns arising out of this Lease or any of its provisions, or Tenant's use or occupancy of the Leased Premises.

          

        

        

        

        
          
            42.      LAWS OF NEW JERSEY

          

        

        
          
            Without regard to
                principles of conflicts of laws, the validity, interpretation, performance and enforcement of this Lease shall be governed by and construed in accordance with the laws of the State of New Jersey. The sole and exclusive venue for any dispute
                between the parties shall be in Middlesex County, New Jersey.

          

        

        

        

        
          
            43.      RENEWAL

          

        

        
          
            Provided the Tenant
                is not in default hereunder, it has the right to renew the Lease two, five-year periods, to commence at the end of the initial or renewed term of this Lease.  The renewal shall be upon the same terms and conditions as contained in this
                Lease, including the Rent Escalation.  The option of the Tenant to renew this Lease is expressly conditioned upon the Tenant delivering to the Landlord a notice, in writing, by overnight delivery or certified mail, return receipt requested
                at least nine months prior to the date fixed for termination of the original Lease term or renewal term, as appropiate.

          

        

        

        

        
          44

          
            

          
            	
                    Pursuant to 17 CFR 230.406, confidential information has been omitted in places marked “* * *” and has been filed separately with the Securities and Exchange
                      Commission pursuant to a Confidential Treatment Request with the Commission.

                  

          

        

        
          
            44.      TERMINATION OF EXISTING LEASE.

          

        

        
          
            The Parties
                acknowledge that the Leased Premises is currently leased to a tenant (“Existing Lease”) and Landlord is in the process of entering into a termination agreement with the existing Tenant to terminate the Existing Lease.  Notwithstanding the
                provisions of Section 37, Tenant shall only be required to post Security in the amount of $100,000 until Landlord sends notice to Tenant that the Exising Lease has been terminated. The remainder of the Security shall be forwarded to
                Landlord within five (5) business days after Tenant’s receipt of notice from Landlord that the Existing Lease has been terminated.  If Landlord has not provided notice to Tenant by September 10, 2018 that the Existing Lease has been
                terminated, then thereafter, Tenant shall have the right to terminate this Lease.  If Tenant does not elect to terminate the Lease, then the Plans Delivery Date shall be extended one day for each day after September 10, 2018 until Tenant
                receives notice that the Existing Lease has been terminated.  If the Existing Lease has not been terminated by November 1, 2018 (“Outside Termination Date”), then Landlord shall have the right to terminate the Lease.  Landlord represents
                and warrants that prior to the Outside Termination Date, it shall not show the Premises to any other potential tenant or any broker or negotiate a lease for any portion of the Leased Premises with another potential tenant (“Landlord
                Covenant”).  If Landlord violates  the Landlord Covenant then Tenant shall be entitled to damages in the amount of $500,000.  If the Lease is terminated by either party pursuant to this Section 44, then the Security paid to Lessor shall be
                refunded to Tenant.

          

        

        

        

        
          
            45.      TENANT REPRESENTATION

          

        

        
          
            Tenant represents,
                warrants and covenants that neither Tenant nor any of its officers or directors (i) is listed on the Specially Designated Nationals and Blocked Persons List maintained by the Office of Foreign Asset Control, Department of the Treasury
                ("OFAC") and all applicable provisions of Title III of the USA Patriot Act or any other publicly available list of terrorists, terrorist organizations or narcotics traffickers maintained by the United States Department of State, the United
                States Department of Commerce or any other governmental authority; (ii) is listed on the List of Terrorists and List of Disbarred parties maintained by the United State Department of State; or (iii) has been convicted, indicted, arraigned,
                pleaded no contest or been custodially detained on charges involving money laundering or predicate crimes to money laundering, drug trafficking, terrorist-related activities or other crimes or in connection with the Bank Secrecy Act.

          

        

        

        

        
          45

          
            

          
            	
                    Pursuant to 17 CFR 230.406, confidential information has been omitted in places marked “* * *” and has been filed separately with the Securities and Exchange
                      Commission pursuant to a Confidential Treatment Request with the Commission.

                  

          

        

        
          
            46.      LANDLORD INDEMNIFICATION.

          

        

        Landlord hereby indemnifies, and shall pay, protect and hold Tenant harmless from and against all liabilities, losses,
            claims, demands, costs, expenses (including attorneys’ fees and expenses) and judgments of any nature, (except to the extent Tenant is compensated by insurance maintained by Tenant or Landlord under this Lease and except for such of the
            foregoing as arising from the negligence or willful misconduct of Tenant, its agents, servants or employees), arising, or alleged to arise, from or in connection with (i) any violation of any Legal Requirement or requirements of any insurance
            company insuring the Leased Premises, (ii) performance of any labor or services by Landlord or the furnishing of any materials or other property in respect of the Building by Landlord, (iii)  any breach or default in the performance of any
            obligation on Landlord’s part to be performed under the terms of this Lease, and (iv) any act or omission of Landlord, or any officer, agent or employee.  Landlord shall, at its sole cost and expense, defend any action, suit or proceeding
            brought against Tenant by reason of any such occurrence with independent counsel selected by Landlord and reasonably acceptable to Tenant.  The obligations of Landlord under this Section 46 will survive the expiration or earlier termination of
            this Lease.

        

        

        
          46

          
            

          
            	
                    Pursuant to 17 CFR 230.406, confidential information has been omitted in places marked “* * *” and has been filed separately with the Securities and Exchange
                      Commission pursuant to a Confidential Treatment Request with the Commission.

                  

          

        

        IN WITNESS WHEREOF, the parties hereto have executed this document on the date first above written.

        

        

        	
                Date:

              	
                August 14, 2018

              	 	
                By:

              	
                /s/ A. Joseph Stern

              	 
	 	 	 	 	
                Landlord

              	 
	
                Date:

              	
                August 14, 2018

              	 	
                By:

              	
                /s/ Guarav D. Shah

              	 
	 	 	 	 	
                Tenant

              	 

         

        

        
          47

          
            

          
            	
                    Pursuant to 17 CFR 230.406, confidential information has been omitted in places marked “* * *” and has been filed separately with the Securities and Exchange
                      Commission pursuant to a Confidential Treatment Request with the Commission.

                  

          

        

        EXHIBIT A

        

        

        SITE PLAN OF PROPERTY

        

        

        
          

          

          

        

        
          48

          
            

          
            	
                    Pursuant to 17 CFR 230.406, confidential information has been omitted in places marked “* * *” and has been filed separately with the Securities and Exchange
                      Commission pursuant to a Confidential Treatment Request with the Commission.

                  

          

        

        EXHIBIT B

         

              

        FLOOR PLAN OF LEASED PREMISES 

         

              

        

        

        

        
          49

          
            

          
            	
                    Pursuant to 17 CFR 230.406, confidential information has been omitted in places marked “* * *” and has been filed separately with the Securities and Exchange
                      Commission pursuant to a Confidential Treatment Request with the Commission.

                  

          

        

        

        

        

        
          50

          
            

          
            	
                    Pursuant to 17 CFR 230.406, confidential information has been omitted in places marked “* * *” and has been filed separately with the Securities and Exchange
                      Commission pursuant to a Confidential Treatment Request with the Commission.

                  

          

        

        

        

        

        
          51

          
            

          
            	
                    Pursuant to 17 CFR 230.406, confidential information has been omitted in places marked “* * *” and has been filed separately with the Securities and Exchange
                      Commission pursuant to a Confidential Treatment Request with the Commission.

                  

          

        

        SCHEDULE 3.1

        

        

        * * *

        

        

        
          52

          
            

          
            	
                    Pursuant to 17 CFR 230.406, confidential information has been omitted in places marked “* * *” and has been filed separately with the Securities and Exchange
                      Commission pursuant to a Confidential Treatment Request with the Commission.

                  

          

        

        Schedule 27

        

        

        * * *

         

          

        

        53EX-10.1

 Exhibit 10.1 

FIRST AMENDMENT TO CREDIT AGREEMENT 

THIS FIRST AMENDMENT TO CREDIT AGREEMENT, dated as of July 16, 2018 (this “Amendment”), is entered into among Bottomline
Technologies (de), Inc., a Delaware corporation (the “Borrower”), the Guarantors, the Lenders party hereto and Bank of America, N.A., as Administrative Agent (in such capacity, the “Administrative Agent”).
Capitalized terms used herein and not otherwise defined shall have the meanings ascribed thereto in the Credit Agreement (as defined below and as amended by this Amendment). 

RECITALS 
 A. The
Borrower, the Guarantors, the Lenders and the Administrative Agent entered into that certain Credit Agreement, dated as of December 9, 2016 (as previously amended or modified, the “Credit Agreement”). 

B. The parties hereto have agreed to amend the Credit Agreement as provided herein. 

C. In consideration of the agreements hereinafter set forth, and for other good and valuable consideration, the receipt and adequacy of which
are hereby acknowledged, the parties hereto agree as follows. 
 AGREEMENT 

1. Amendments. 
 (a) The
text “KEYBANK NATIONAL ASSOCIATION, REGIONS BANK and ROYAL BANK OF CANADA, as Co-Documentation Agents” on the cover page of the Credit Agreement is hereby amended to read as follows: 

KEYBANK NATIONAL ASSOCIATION, 

REGIONS BANK, 
 ROYAL BANK OF CANADA

 and 
 SILICON VALLEY BANK, 

as Co-Documentation Agents 

(b) The following definitions in Section 1.01 of the Credit Agreement are hereby amended to read as follows: 

“Applicable Rate” means the following percentages per annum, based upon the Consolidated Net Leverage Ratio as
set forth in the most recent Compliance Certificate received by the Administrative Agent pursuant to Section 6.02(b): 
  

																					
	 Pricing Tier
	  	Consolidated
Net Leverage Ratio	 	  	Commitment
Fee	 	 	Letters of Credit	 	 	Eurocurrency
Rate Loans	 	 	Base Rate Loans	 
	 1
	  	 	3 3.00 to 1.00	 	  	 	0.300	% 	 	 	1.750	% 	 	 	1.750	% 	 	 	0.750	% 
	 2
	  	 
	< 3.00 to 1.00
but 3 2.00 to 1.00	 
 	  	 	0.250	% 	 	 	1.500	% 	 	 	1.500	% 	 	 	0.500	% 
	 3
	  	 
	< 2.00 to 1.00
but 3 1.25 to 1.00	
 	  	 	0.200	% 	 	 	1.250	% 	 	 	1.250	% 	 	 	0.250	% 
	 4
	  	 	< 1.25 to 1.00	 	  	 	0.175	% 	 	 	1.125	% 	 	 	1.125	% 	 	 	0.125	% 

  
 1 

 Any increase or decrease in the Applicable Rate resulting from a change in the Consolidated
Net Leverage Ratio shall become effective as of the first Business Day immediately following the date a Compliance Certificate is delivered pursuant to Section 6.02(b); provided, however, that if a Compliance Certificate is
not delivered when due in accordance with such Section, then, upon the request of the Required Lenders, Pricing Tier 1 shall apply as of the first Business Day after the date on which such Compliance Certificate was required to have been delivered
and shall remain in effect until the first Business Day immediately following the date on which such Compliance Certificate is delivered in accordance with Section 6.02(b), whereupon the Applicable Rate shall be adjusted based upon the
calculation of the Consolidated Net Leverage Ratio contained in such Compliance Certificate. The Applicable Rate in effect from the First Amendment Effective Date through the first Business Day immediately following the date a Compliance Certificate
is delivered pursuant to Section 6.02(b) for the fiscal quarter ending June 30, 2018 shall be determined based upon Pricing Tier 4. 

“Base Rate” means for any day a fluctuating rate of interest per annum equal to the highest of (a) the
Federal Funds Rate plus 0.50%, (b) the rate of interest in effect for such day as publicly announced from time to time by Bank of America as its “prime rate” and (c) the Eurocurrency Rate plus 1.0%; provided that
if the Base Rate shall be less than zero, such rate shall be deemed zero for purposes of this Agreement. The “prime rate” is a rate set by Bank of America based upon various factors including Bank of America’s costs and desired
return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above, or below such announced rate. Any change in such “prime rate” announced by Bank of America shall
take effect at the opening of business on the day specified in the public announcement of such change. 

“Eurocurrency Rate” means: 

(a) for any Interest Period with respect to a Eurocurrency Rate Loan: 

(i) in the case of Eurocurrency Rate Loan denominated in a LIBOR Quoted Currency, the rate per annum equal to the London
Interbank Offered Rate (“LIBOR”) or a comparable or successor rate, which rate is approved by the Administrative Agent, as published by Bloomberg (or such other commercially available source providing such quotations as may be
designated by the Administrative Agent from time to time) (in such case, the “LIBOR Rate”) at or about 11:00 a.m., London time on the Rate Determination Date, for deposits in the relevant currency with a term equivalent to such
Interest Period; 
 (ii) in the case of a Eurocurrency Rate Loan denominated in Australian Dollars the rate per annum equal
to the Bank Bill Swap Reference Bid Rate (“BBSY”), or a comparable or successor rate which rate is approved by the Administrative Agent, as published on the applicable Bloomberg screen page (or such other commercially available
source providing such quotations as may be designated by the Administrative Agent from time to time) at or about 10:30 a.m. (Melbourne, Australia time) on the Rate Determination Date with a term equivalent to such Interest Period; and 

  
 2 

 (iii) in the case of any other Eurocurrency Rate Loan denominated in any
other Non-LIBOR Quoted Currency, the rate designated with respect to such Alternative Currency at the time such Alternative Currency is approved by the Administrative Agent and the Lenders pursuant to
Section 1.06; and 
 (b) for any interest rate calculation with respect to a Base Rate Loan on any date, the rate
per annum equal to the LIBOR Rate , at about 11:00 a.m., London time determined two Business Days prior to such date for Dollar deposits being delivered in the London interbank market for deposits in Dollars with a term of one month commencing that
day; 
 provided that (i) to the extent a comparable or successor rate is approved by the Administrative Agent in
connection herewith, the approved rate shall be applied in a manner consistent with market practice; provided, further that to the extent such market practice is not administratively feasible for the Administrative Agent, such approved
rate shall be applied in a manner as otherwise reasonably determined by the Administrative Agent and (ii) if the Eurocurrency Rate shall be less than zero, such rate shall be deemed zero for purposes of this Agreement. 

“Federal Funds Rate” means, for any day, the rate per annum equal to the weighted average of the rates on
overnight federal funds transactions with members of the Federal Reserve System, as published by the Federal Reserve Bank of New York on the Business Day next succeeding such day; provided that (a) if such day is not a Business Day, the
Federal Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business Day, (b) if no such rate is so published on such next succeeding Business Day, the
Federal Funds Rate for such day shall be the average rate (rounded upward, if necessary, to a whole multiple of 1/100 of 1%) charged to Bank of America on such day on such transactions as determined by the Administrative Agent and (c) if the
Federal Funds Rate shall be less than zero, such rate shall be deemed zero for purposes of this Agreement. 
 “Letter
of Credit Sublimit” means an amount equal to the lesser of (a) $20,000,000 and (b) the Aggregate Revolving Commitments. The Letter of Credit Sublimit is part of, and not in addition to, the Aggregate Revolving Commitments. 

“Maturity Date” means July 16, 2023; provided, however, that if such date is not a Business
Day, the Maturity Date shall be the next preceding Business Day. 
 “Swing Line Sublimit” means an amount
equal to the lesser of (a) $20,000,000 and (b) the Aggregate Revolving Commitments. The Swing Line Sublimit is part of, and not in addition to, the Aggregate Revolving Commitments. 

(c) The following definitions are hereby added to Section 1.01 of the Credit Agreement in the appropriate alphabetical order to read as
follows: 
 “Beneficial Ownership Certification” means a certification regarding beneficial ownership
required by the Beneficial Ownership Regulation. 
 “Beneficial Ownership Regulation” means 31 C.F.R. §
1010.230. 
 “Benefit Plan” means any of (a) an “employee benefit plan” (as defined in ERISA)
that is subject to Title I of ERISA, (b) a “plan” as defined in Section 4975 of the Internal Revenue Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I
of ERISA or Section 4975 of the Internal Revenue Code) the assets of any such “employee benefit plan” or “plan”. 

  
 3 

 “First Amendment Effective Date” means July 16, 2018.

 “LIBOR Screen Rate” means the LIBOR quote on the applicable screen page the Administrative Agent
designates to determine LIBOR (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time). 

“LIBOR Successor Rate Conforming Changes” means, with respect to any proposed LIBOR Successor Rate, any
conforming changes to the definition of Base Rate, Interest Period, timing and frequency of determining rates and making payments of interest and other administrative matters as may be appropriate, in the discretion of the Administrative Agent, to
reflect the adoption of such LIBOR Successor Rate and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent determines that adoption of any portion
of such market practice is not administratively feasible or that no market practice for the administration of such LIBOR Successor Rate exists, in such other manner of administration as the Administrative Agent determines in consultation with the
Borrower). 
 “PTE” means a prohibited transaction class exemption issued by the U.S. Department of Labor,
as any such exemption may be amended from time to time. 
 (d) The following sentence is hereby added to the end of Section 2.08(a) of
the Credit Agreement to read as follows: 
 To the extent that any calculation of interest or any fee required to be paid under this
Agreement shall be based on (or result in) a calculation that is less than zero, such calculation shall be deemed zero for purposes of this Agreement. 

(e) Section 3.07 of the Credit Agreement is hereby renumbered Section 3.08, and a new Section 3.07 is hereby added to the
Credit Agreement to read as follows: 
 3.07 Successor LIBOR. 

Notwithstanding anything to the contrary in this Agreement or any other Loan Documents (including Section 11.01
hereof), if the Administrative Agent determines (which determination shall be conclusive absent manifest error), or the Borrower or Required Lenders notify the Administrative Agent (with, in the case of the Required Lenders, a copy to Borrower) that
the Borrower or Required Lenders (as applicable) have determined, that: 
 (a) adequate and reasonable means do not exist for
ascertaining LIBOR for any requested Interest Period because the LIBOR Screen Rate is not available or published on a current basis and such circumstances are unlikely to be temporary; or 

(b) the administrator of the LIBOR Screen Rate or a Governmental Authority having jurisdiction over the Administrative Agent
has made a public statement identifying a specific date after which LIBOR or the LIBOR Screen Rate shall no longer be made available, or used for determining the interest rate of loans (such specific date, the “Scheduled Unavailability
Date”), or 

  
 4 

 (c) syndicated loans currently being executed, or that include language
similar to that contained in this Section, are being executed or amended (as applicable) to incorporate or adopt a new benchmark interest rate to replace LIBOR, 

then, reasonably promptly after such determination by the Administrative Agent or receipt by the Administrative Agent of such
notice, as applicable, the Administrative Agent and the Borrower may amend this Agreement to replace LIBOR with an alternate benchmark rate (including any mathematical or other adjustments to the benchmark (if any) incorporated therein), giving due
consideration to any evolving or then existing convention for similar Dollar denominated syndicated credit facilities for such alternative benchmarks (any such proposed rate, a “LIBOR Successor Rate”), together with any proposed
LIBOR Successor Rate Conforming Changes (as defined below) and any such amendment shall become effective at 5:00 p.m. (New York time) on the fifth Business Day after the Administrative Agent shall have posted such proposed amendment to all Lenders
and the Borrower unless, prior to such time, Lenders comprising the Required Lenders have delivered to the Administrative Agent written notice that such Required Lenders do not accept such amendment. 

If no LIBOR Successor Rate has been determined and the circumstances under clause (a) above exist or the Scheduled
Unavailability Date has occurred (as applicable), the Administrative Agent will promptly so notify the Borrower and each Lender. Thereafter, (x) the obligation of the Lenders to make or maintain Eurocurrency Rate Loans shall be suspended, (to
the extent of the affected Eurocurrency Rate Loans or Interest Periods), and (y) the Eurocurrency Rate component shall no longer be utilized in determining the Base Rate. Upon receipt of such notice, the Borrower may revoke any pending request
for a Borrowing of, conversion to or continuation of Eurocurrency Rate Loans (to the extent of the affected Eurocurrency Rate Loans or Interest Periods) or, failing that, will be deemed to have converted such request into a request for a Borrowing
of Base Rate Loans (subject to the foregoing clause (y)) in the amount specified therein. 
 Notwithstanding anything else
herein, any definition of LIBOR Successor Rate shall provide that in no event shall such LIBOR Successor Rate be less than zero for purposes of this Agreement. 

(f) A new clause (d) is hereby added to Section 5.12 of the Credit Agreement to read as follows: 

(d) The Borrower represents and warrants as of the First Amendment Effective Date that the Borrower is not and will not be
using “plan assets” (within the meaning of 29 CFR § 2510.3-101, as modified by Section 3(42) of ERISA) of one or more Benefit Plans in connection with the Loans, the Letters of Credit or
the Commitments. 
 (g) In Section 6.02 of the Credit Agreement, (i) the “; and” at the end of clause (f) is hereby
amended to read “;”, (ii) the “.” at the end of clause (g) is hereby amended to read “; and” and (iii) a new clause (h) is hereby added to read as follows: 

(h) promptly following any request therefor, information and documentation reasonably requested by the Administrative Agent or
any Lender for purposes of compliance with applicable “know your customer” requirements under the PATRIOT Act, the Beneficial Ownership Regulation or other applicable anti-money laundering laws. 

  
 5 

 (h) The table in Section 7.11(a) of the Credit Agreement is hereby amended to read as
follows: 
  

																	
	 Calendar Year
	  	March 31	 	  	June 30	 	  	September 30	 	  	December 31	 
	 2018
	  	 	N/A	 	  	 	3.75 to 1.0	 	  	 	3.75 to 1.0	 	  	 	3.75 to 1.0	 
	 2019
	  	 	3.75 to 1.0	 	  	 	3.75 to 1.0	 	  	 	3.75 to 1.0	 	  	 	3.75 to 1.0	 
	 2020
	  	 	3.75 to 1.0	 	  	 	3.50 to 1.0	 	  	 	3.50 to 1.0	 	  	 	3.50 to 1.0	 
	 thereafter
	  	 	3.50 to 1.0	 	  	 	3.50 to 1.0	 	  	 	3.50 to 1.0	 	  	 	3.50 to 1.0	 

 (i) The final paragraph of Section 8.03 of the Credit Agreement is hereby amended to read as follows:

 Notwithstanding the foregoing, Obligations arising under Secured Cash Management Agreements and Secured Hedge Agreements
shall be excluded from the application described above if the Administrative Agent has not received a Secured Party Designation Notice, together with such supporting documentation as the Administrative Agent may reasonably request, from the
applicable Cash Management Bank or Hedge Bank, as the case may be (unless such Cash Management Bank or Hedge Bank is the Administrative Agent or an Affiliate thereof). Each Cash Management Bank or Hedge Bank not a party to this Agreement that has
given the notice contemplated by the preceding sentence shall, by such notice, be deemed to have acknowledged and accepted the appointment of the Administrative Agent pursuant to the terms of Article IX for itself and its Affiliates as if a
“Lender” party hereto. 
 (j) A new Section 9.12 is hereby added to Article IX of the Credit Agreement to read as follows:

 9.12 ERISA Matters. 

(a) Each Lender (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and
(y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent and each Arranger and their respective Affiliates, and not, for the
avoidance of doubt, to or for the benefit of the Borrower or any other Loan Party, that at least one of the following is and will be true: 

(i) such Lender is not using “plan assets” (within the meaning of 29 CFR §
2510.3-101, as modified by Section 3(42) of ERISA) of one or more Benefit Plans in connection with the Loans, the Letters of Credit or the Commitments, 

(ii) the transaction exemption set forth in one or more PTEs, such as PTE 84-14 (a
class exemption for certain transactions determined by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions involving insurance company general accounts),
PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91-38 (a class exemption for certain transactions
involving bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions determined by in-house asset managers), is applicable with respect
to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement, 

  
 6 

 (iii) (A) such Lender is an investment fund managed by a
“Qualified Professional Asset Manager” (within the meaning of Part VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter into,
participate in, administer and perform the Loans, the Letters of Credit, the Commitments and this Agreement, (C) the entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and
this Agreement satisfies the requirements of sub-sections (b) through (g) of Part I of PTE 84-14 and (D) to the best knowledge of such Lender, the requirements
of subsection (a) of Part I of PTE 84-14 are satisfied with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the
Commitments and this Agreement, or 
 (iv) such other representation, warranty and covenant as may be agreed in writing
between the Administrative Agent, in its sole discretion, and such Lender. 
 (b) In addition, unless subclause (i) in
the immediately preceding clause (a) is true with respect to a Lender or such Lender has not provided another representation, warranty and covenant as provided in subclause (iv) in the immediately preceding clause (a), such Lender further
(x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit
of, the Administrative Agent and each Arranger and their respective Affiliates, and not, for the avoidance of doubt, to or for the benefit of the Borrower or any other Loan Party, that: 

(i) none of the Administrative Agent or any Arranger or any of their respective Affiliates is a fiduciary with respect to the
assets of such Lender (including in connection with the reservation or exercise of any rights by the Administrative Agent under this Agreement, any Loan Document or any documents related to hereto or thereto), 

(ii) the Person making the investment decision on behalf of such Lender with respect to the entrance into, participation in,
administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement is independent (within the meaning of 29 CFR § 2510.3-21) and is a bank, an insurance carrier, an
investment adviser, a broker-dealer or other person that holds, or has under management or control, total assets of at least $50,000,000, in each case as described in 29 CFR § 2510.3-21(c)(1)(i)(A)-(E),

 (iii) the Person making the investment decision on behalf of such Lender with respect to the entrance into, participation
in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement is capable of evaluating investment risks independently, both in general and with regard to particular transactions and investment
strategies (including in respect of the Obligations), 

  
 7 

 (iv) the Person making the investment decision on behalf of such Lender
with respect to the entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement is a fiduciary under ERISA or the Internal Revenue Code, or both, with respect to the
Loans, the Letters of Credit, the Commitments and this Agreement and is responsible for exercising independent judgment in evaluating the transactions hereunder, and 

(v) no fee or other compensation is being paid directly to the Administrative Agent or any Arranger or any their respective
Affiliates for investment advice (as opposed to other services) in connection with the Loans, the Letters of Credit, the Commitments or this Agreement. 

(c) The Administrative Agent and each Arranger hereby informs the Lenders that each such Person is not undertaking to provide
impartial investment advice, or to give advice in a fiduciary capacity, in connection with the transactions contemplated hereby, and that such Person has a financial interest in the transactions contemplated hereby in that such Person or an
Affiliate thereof (i) may receive interest or other payments with respect to the Loans, the Letters of Credit, the Commitments and this Agreement, (ii) may recognize a gain if it extended the Loans, the Letters of Credit or the Commitments
for an amount less than the amount being paid for an interest in the Loans, the Letters of Credit or the Commitments by such Lender or (iii) may receive fees or other payments in connection with the transactions contemplated hereby, the Loan
Documents or otherwise, including structuring fees, commitment fees, arrangement fees, facility fees, upfront fees, underwriting fees, ticking fees, agency fees, administrative agent or collateral agent fees, utilization fees, minimum usage fees,
letter of credit fees, fronting fees, deal-away or alternate transaction fees, amendment fees, processing fees, term out premiums, banker’s acceptance fees, breakage or other early termination fees or fees similar to the foregoing. 

(k) The first proviso in Section 11.01 of the Credit Agreement is hereby amended to read as follows: 

provided, further, that notwithstanding anything to the contrary herein, (i) each Fee Letter may be amended, or rights or
privileges thereunder waived, in a writing executed only by the parties thereto, (ii) only the consent of the Borrower and the Lenders and L/C Issuer that have agreed to issue such Loans and/or Letters of Credit, as applicable, in the
applicable Alternative Currency shall be necessary to amend the definition of “Eurocurrency Rate” to provide for the addition of a replacement interest rate with respect to such Alternative Currency, (iii) each Lender is entitled to
vote as such Lender sees fit on any bankruptcy reorganization plan that affects the Loans, and each Lender acknowledges that the provisions of Section 1126(c) of the Bankruptcy Code of the United States supersedes the unanimous consent
provisions set forth herein, (iv) Incremental Facility Amendments may be effected in accordance with Section 2.16, (v) Extension Amendments may be effected in accordance with Section 2.17, (vi) the Required Lenders shall
determine whether or not to allow a Loan Party to use cash collateral in the context of a bankruptcy or insolvency proceeding and such determination shall be binding on all of the Lenders and (vii) the Administrative Agent and the Borrower may
make amendments contemplated by Section 3.07. 

  
 8 

 (l) A new paragraph is hereby added to the end of Section 11.01 of the Credit Agreement
to read as follows: 
 Notwithstanding anything to the contrary herein, this Agreement may be amended and restated without the consent of any
Lender (but with the consent of the Borrower and the Administrative Agent) if, upon giving effect to such amendment and restatement, such Lender shall no longer be a party to this Agreement (as so amended and restated), the Commitments of such
Lender shall have terminated, such Lender shall have no other commitment or other obligation hereunder and shall have been paid in full all principal, interest and other amounts owing to it or accrued for its account under this Agreement. 

(m) The phrase “acting solely for this purpose as an agent of the Borrower” in Section 11.06(c) of the Credit Agreement is
hereby amended to read “acting solely for this purpose as a non-fiduciary agent of the Borrower”. 

(n) Section 11.20 of the Credit Agreement is hereby amended to read as follows: 

11.20 Acknowledgement and Consent to Bail-In of EEA Financial Institutions. 

Solely to the extent any Lender or L/C Issuer that is an EEA Financial Institution is a party to this Agreement and
notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any Lender or L/C Issuer that is an EEA Financial
Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the write-down and conversion powers of an EEA Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:

 (a) the application of any Write-Down and Conversion Powers by an EEA Resolution Authority to any such liabilities arising
hereunder which may be payable to it by any Lender or L/C Issuer that is an EEA Financial Institution; and 
 (b) the effects
of any Bail-In Action on any such liability, including, if applicable: 
 (i) a
reduction in full or in part or cancellation of any such liability; 
 (ii) a conversion of all, or a portion of, such
liability into shares or other instruments of ownership in such EEA Financial Institution, its parent entity, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will
be accepted by it in lieu of any rights with respect to any such liability under this Agreement or any other Loan Document; or 

(iii) the variation of the terms of such liability in connection with the exercise of the write-down and conversion powers of
any EEA Resolution Authority. 
 (o) Schedule 2.01 of the Credit Agreement is hereby amended to read as attached as Schedule
2.01 hereto. 

  
 9 

 2. Effectiveness; Conditions Precedent. This Amendment shall be effective as of the
date hereof when all of the conditions set forth in this Section 2 shall have been satisfied in form and substance reasonably satisfactory to the Administrative Agent. 

(a) Execution and Delivery of Amendment. The Administrative Agent shall have received copies of this Amendment duly
executed by the Loan Parties, the Lenders and the Administrative Agent. 
 (b) Opinion of Counsel. The Administrative
Agent shall have received a favorable opinion of counsel to the Loan Parties, addressed to the Administrative Agent and each Lender, dated as of the date hereof, and in form and substance reasonably satisfactory to the Administrative Agent. 

(c) Organization Documents, Resolutions, Etc. The Administrative Agent shall have received the following, in form and
substance reasonably satisfactory to the Administrative Agent: 
 (i) copies of the Organization Documents of each Loan Party
certified to be true and complete as of a recent date by the appropriate Governmental Authority of the state or other jurisdiction of its incorporation or organization, where applicable, and certified by a secretary or assistant secretary of such
Loan Party to be true and correct as of the date hereof, or a certification that no change has been made to the Organization Documents since the Closing Date; 

(ii) such certificates of resolutions or other action, incumbency certificates and/or other certificates of Responsible
Officers of each Loan Party as the Administrative Agent may require evidencing the identity, authority and capacity of each Responsible Officer thereof authorized to act as a Responsible Officer in connection with this Amendment; and 

(iii) such documents and certifications as the Administrative Agent may reasonably require to evidence that each Loan Party is
duly organized or formed, and is validly existing, in good standing and qualified to engage in business in its state of organization or formation. 

(d) KYC Information. 

(i) Upon the reasonable request of any Lender made at least ten days prior to the date hereof, the Borrower shall have provided
to such Lender the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including the PATRIOT Act, in each case at least five days prior to the
date hereof. 
 (ii) At least five days prior to the Closing Date, if the Borrower qualifies as a “legal entity
customer” under the Beneficial Ownership Regulation, it shall deliver a Beneficial Ownership Certification in relation to the Borrower. 

(e) Lender Fees. The Borrower shall have paid to the Administrative Agent for the account of each Lender the agreed
amendment fees. 

  
 10 

 (f) Fees and Expenses. The Borrower shall have paid all fees and
expenses owed by the Borrower to the Administrative Agent and the Arrangers including all reasonable and documented fees, charges and disbursements of counsel to the Administrative Agent or either Arranger (directly to such counsel if requested by
the Administrative Agent or such Arranger) to the extent required to be reimbursed by the Borrower hereunder and invoiced at least one Business Day prior to or on the date hereof, plus such additional amounts of such fees, charges and disbursements
as shall constitute its reasonable estimate of such fees, charges and disbursements incurred or to be incurred by it through the date hereof (provided that such estimate shall not thereafter preclude a final settling of accounts between the
Borrower and the Administrative Agent or either Arranger). 
 3. Ratification of Credit Agreement. Each Loan Party acknowledges and
consents to the terms set forth herein and agrees that this Amendment does not impair, reduce or limit any of its obligations under the Loan Documents. This Amendment is a Loan Document. 

4. Authority/Enforceability. Each Loan Party represents and warrants as follows: 

(a) It has taken all necessary action to authorize the execution, delivery and performance of this Amendment. 

(b) This Amendment has been duly executed and delivered by such Loan Party and constitutes its legal, valid and binding
obligations, enforceable in accordance with its terms, except as such enforceability may be subject to (i) applicable Debtor Relief Laws and (ii) general principles of equity (regardless of whether such enforceability is considered in a
proceeding at law or in equity). 
 (c) No consent, approval, authorization or order of, or filing, registration or
qualification with, any court or governmental authority or third party is required in connection with the execution, delivery or performance by such Loan Party of this Amendment. 

(d) The execution and delivery of this Amendment does not (i) violate, contravene or conflict with any provision of its
Organization Documents or (ii) materially violate, contravene or conflict with any Laws applicable to it. 
 5. Representations and
Warranties. Each Loan Party represents and warrants to the Lenders that after giving effect to this Amendment (a) the representations and warranties of each Loan Party contained in Article V of the Credit Agreement or any other Loan
Document, or which are contained in any document furnished at any time under or in connection therewith, are true and correct in all material respects (or if such representation and warranty is qualified by materiality or Material Adverse Effect, it
is true and correct) on and as of the date hereof, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they were true and correct in all material respects (or if such representation and
warranty is qualified by materiality or Material Adverse Effect, it was true and correct) as of such earlier date, (b) no event has occurred and is continuing which constitutes a Default or an Event of Default and (c) as of the date
hereof, the information included in the Beneficial Ownership Certification (if required) is true and correct in all respects. 
 6.
Counterparts/Telecopy. This Amendment may be executed in any number of counterparts, each of which when so executed and delivered shall be an original, but all of which shall constitute one and the same instrument. Delivery of executed
counterparts of this Amendment by telecopy or other secure electronic format (.pdf) shall be effective as an original. 

  
 11 

 7. GOVERNING LAW. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES
HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 
 8. Lender
Representations and Covenants. Each Lender party hereto represents and warrants that, after giving effect to this Amendment, the representations and warranties of such Lender set forth in the Credit Agreement (as amended hereby) are true and
correct as of the date of this Amendment. Each Lender party hereto hereby agrees to comply with the covenants applicable to such Lender set forth in the Credit Agreement (as amended hereby). 

[remainder of page intentionally left blank] 

  
 12 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of
the date first above written. 
  

									
	BORROWER:	 		 	 BOTTOMLINE TECHNOLOGIES (DE), INC.,

a Delaware corporation

					
		 		 		 	By:	 	/s/ Eric K. Morgan
		 		 		 	Name:	 	Eric K. Morgan
		 		 		 	Title:	 	Executive Vice President and Global Controller
			
	GUARANTORS:	 		 	FLEET STREET (US) CORP.,
		 		 	a Delaware corporation
				
		 		 	By:	 	/s/ Eric K. Morgan
		 		 	Name:	 	Eric K. Morgan
		 		 	Title:	 	Secretary and Treasurer
			
		 		 	 OPTIO SOFTWARE, LLC,
 a Delaware
limited liability company

				
		 		 	By:	 	/s/ Eric K. Morgan
		 		 	Name:	 	Eric K. Morgan
		 		 	Title:	 	Secretary and Treasurer
			
		 		 	 LAS SERVICES LLC,
 a Delaware
limited liability company

				
		 		 	By:	 	/s/ Eric K. Morgan
		 		 	Name:	 	Eric K. Morgan
		 		 	Title:	 	Secretary and Treasurer
			
		 		 	 ALLEGIENT SYSTEMS LLC,
 a Delaware
limited liability company

				
		 		 	By:	 	/s/ Eric K. Morgan
		 		 	Name:	 	Eric K. Morgan
		 		 	Title:	 	Secretary and Treasurer

 FIRST AMENDMENT TO CREDIT AGREEMENT 

BOTTOMLINE TECHNOLOGIES (DE), INC. 

									
		 		 	 CREATE!FORM INTERNATIONAL, LLC,
 a
Delaware limited liability company

					
		 		 		 	By:	 	/s/ Eric K. Morgan
		 		 		 	Name:	 	Eric K. Morgan
		 		 		 	Title:	 	Secretary and Treasurer
			
		 		 	 RATIONAL, LLC,
 a Delaware limited
liability company

				
		 		 	By:	 	/s/ Eric K. Morgan
		 		 	Name:	 	Eric K. Morgan
		 		 	Title:	 	Secretary
			
		 		 	 ANDERA, LLC,
 a Delaware limited
liability company

				
		 		 	By:	 	/s/ Eric K. Morgan
		 		 	Name:	 	Eric K. Morgan
		 		 	Title:	 	Secretary
			
		 		 	 LAS HOLDINGS LLC,
 a Delaware
limited liability company

				
		 		 	By:	 	/s/ Eric K. Morgan
		 		 	Name:	 	Eric K. Morgan
		 		 	Title:	 	Secretary and Treasurer
			
		 		 	 VISIBILITY LLC,
 a Delaware limited
liability company

				
		 		 	By:	 	/s/ Eric K. Morgan
		 		 	Name:	 	Eric K. Morgan
		 		 	Title:	 	Secretary and Treasurer

 FIRST AMENDMENT TO CREDIT AGREEMENT 

BOTTOMLINE TECHNOLOGIES (DE), INC. 

									
	ADMINISTRATIVE	 		 	 BANK OF AMERICA, N.A.,

	AGENT:	 		 	 as Administrative Agent

					
		 		 		 	 By:
	 	 /s/ Bridgett J. Manduk Mowry

		 		 		 	Name:	 	 Bridgett J. Manduk Mowry

		 		 		 	Title:	 	 Vice President

 FIRST AMENDMENT TO CREDIT AGREEMENT 

BOTTOMLINE TECHNOLOGIES (DE), INC. 

									
	LENDERS:	 		 	 BANK OF AMERICA, N.A.,
 as a Lender,
L/C Issuer and Swing Line Lender

					
		 		 		 	By:	 	/s/ Robert C. Megan
		 		 		 	Name:	 	Robert C. Megan
		 		 		 	Title:	 	Senior Vice President

 FIRST AMENDMENT TO CREDIT AGREEMENT 

BOTTOMLINE TECHNOLOGIES (DE), INC. 

 
			
	 CITIZENS BANK, N.A.,
 as a
Lender

		
	By:	 	/s/ Patricia F. Grieve
	Name:	 	Patricia F. Grieve
	Title:	 	Vice President

 FIRST AMENDMENT TO CREDIT AGREEMENT 

BOTTOMLINE TECHNOLOGIES (DE), INC. 

 
			
	 REGIONS BANK,
 as a
Lender

		
	By:	 	/s/ Bruce Rudolph
	Name:	 	Bruce Rudolph
	Title:	 	Director

 FIRST AMENDMENT TO CREDIT AGREEMENT 

BOTTOMLINE TECHNOLOGIES (DE), INC. 

 
			
	 ROYAL BANK OF CANADA,
 as a
Lender

		
	By:	 	/s/ J. Christian Gutierrez
	Name:	 	J. Christian Gutierrez
	Title:	 	AUTHORIZED SIGNATORY

 FIRST AMENDMENT TO CREDIT AGREEMENT 

BOTTOMLINE TECHNOLOGIES (DE), INC. 

 
			
	 KEYBANK NATIONAL ASSOCIATION,
 as a
Lender

		
	By:	 	/s/ David A. Wild
	Name:	 	David A. Wild
	Title:	 	Senior Vice President

 FIRST AMENDMENT TO CREDIT AGREEMENT 

BOTTOMLINE TECHNOLOGIES (DE), INC. 

 
			
	 SILICON VALLEY BANK,
 as a
Lender

		
	By:	 	/s/ Frank Groccia
	Name:	 	Frank Groccia
	Title:	 	Vice President

 FIRST AMENDMENT TO CREDIT AGREEMENT 

BOTTOMLINE TECHNOLOGIES (DE), INC. 

 
			
	 HSBC BANK USA, NATIONAL ASSOCIATION,

as a Lender

		
	By:	 	/s/ Joanna London
	Name:	 	Joanna London
	Title:	 	Vice President

 FIRST AMENDMENT TO CREDIT AGREEMENT 

BOTTOMLINE TECHNOLOGIES (DE), INC. 

 
			
	 THE HUNTINGTON NATIONAL BANK,
 as a
Lender

		
	By:	 	/s/ Jared Shaner
	Name:	 	Jared Shaner
	Title:	 	Vice President

 FIRST AMENDMENT TO CREDIT AGREEMENT 

BOTTOMLINE TECHNOLOGIES (DE), INC. 

 Schedule 2.01 

SCHEDULE 2.01 

COMMITMENTS AND APPLICABLE PERCENTAGES 
  

									
	 Lender
	  	Revolving Commitment	 	  	Applicable Percentage of
Revolving Commitment	 
	 Bank of America, N.A.
	  	$	50,000,000.00	 	  	 	16.666666667	% 
	 Citizens Bank, N.A.
	  	$	50,000,000.00	 	  	 	16.666666667	% 
	 KeyBank National Association
	  	$	40,000,000.00	 	  	 	13.333333333	% 
	 Silicon Valley Bank
	  	$	40,000,000.00	 	  	 	13.333333333	% 
	 Regions Bank
	  	$	35,000,000.00	 	  	 	11.666666667	% 
	 Royal Bank of Canada
	  	$	35,000,000.00	 	  	 	11.666666667	% 
	 HSBC Bank USA, National Association
	  	$	30,000,000.00	 	  	 	10.000000000	% 
	 The Huntington National Bank
	  	$	20,000,000.00	 	  	 	6.666666666	% 
	 TOTAL
	  	$	300,000,000.00	 	  	 	100.000000000	%

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