Document:

EX 10.54 ARC HCT II 12.31.2014

Exhibit 10.54

INDEMNIFICATION AGREEMENT

THIS INDEMNIFICATION AGREEMENT (“Agreement”) is made and entered into as of the 14th day of April, 2015, by and between American Realty Capital Healthcare Trust II, Inc., a Maryland corporation (the “Company”), and Randolph C. Read (the “Indemnitee”).
WHEREAS, at the request of the Company, Indemnitee currently serves as a director, officer or service provider of the Company and may, therefore, be subjected to claims, suits or proceedings arising as a result of his or her service; and
WHEREAS, as an inducement to Indemnitee to continue to serve as such director, officer or service provider, the Company has agreed to indemnify and to advance expenses and costs incurred by Indemnitee in connection with any such claims, suits or proceedings; and
WHEREAS, the parties by this Agreement desire to set forth their agreement regarding indemnification and advance of expenses;
NOW, THEREFORE, in consideration of the premises and the covenants contained herein, the Company and Indemnitee do hereby covenant and agree as follows:
Section 1.Definitions.  For purposes of this Agreement:

(a)“Applicable Legal Rate” means a fixed rate of interest equal to the applicable federal rate for mid-term debt instruments as of the day that it is determined that Indemnitee must repay any advanced expenses.  

(b)“Change in Control” means a change in control of the Company occurring after the Effective Date of a nature that would be required to be reported in response to Item 6(e) of Schedule 14A of Regulation 14A (or in response to any similar item on any similar schedule or form) promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), whether or not the Company is then subject to such reporting requirement; provided, however, that, without limitation, such a Change in Control shall be deemed to have occurred if, after the Effective Date (i) any “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) is or becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing 15% or more of the combined voting power of all of the Company’s then-outstanding securities entitled to vote generally in the election of directors without the prior approval of at least two-thirds of the members of the Board of Directors in office immediately prior to such person’s attaining such percentage interest; (ii) the Company is a party to a merger, consolidation, sale of assets, plan of liquidation or other reorganization not approved by at least two-thirds of the members of the Board of Directors then in office, as a consequence of which members of the Board of Directors in office immediately prior to such transaction or event constitute less than a majority of the Board of Directors thereafter; or (iii) at any time, a majority of the members of the Board of Directors are not individuals (A) who were directors as of the Effective Date or (B) whose election by the Board of Directors or nomination for election by the Company’s stockholders was approved by the affirmative vote of at least two-thirds of the directors then in office who were directors as of the Effective Date or whose election for nomination for election was previously so approved.

(c)“Corporate Status” means the status of a person as a present or former director, officer, employee or agent of the Company or as a director, trustee, officer, partner, manager, managing 

member, fiduciary, employee or agent of any other foreign or domestic corporation, partnership, limited liability company, joint venture, trust, employee benefit plan or other enterprise that such person is or was serving in such capacity at the request of the Company.  As a clarification and without limiting the circumstances in which Indemnitee may be serving at the request of the Company, service by Indemnitee shall be deemed to be at the request of the Company if Indemnitee serves or served as a director, trustee, officer, partner, manager, managing member, fiduciary, employee or agent of any corporation, partnership, limited liability company, joint venture, trust, employee benefit plan or other enterprise (i) of which a majority of the voting power or equity interest is owned directly or indirectly by the Company or (ii) the management of which is controlled directly or indirectly by the Company.

(d)“Disinterested Director” means a director of the Company who is not and was not a party to the Proceeding in respect of which indemnification and/or advance of Expenses is sought by Indemnitee.

(e)“Effective Date” means the date set forth in the first paragraph of this Agreement.

(f)“Expenses” means any and all reasonable and out-of-pocket attorneys’ fees and costs, retainers, court costs, transcript costs, fees of experts, witness fees, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees, federal, state, local or foreign taxes imposed on Indemnitee as a result of the actual or deemed receipt of any payments under this Agreement, ERISA excise taxes and penalties and any other disbursements or expenses incurred in connection with prosecuting, defending, preparing to prosecute or defend, investigating, being or preparing to be a witness in or otherwise participating in a Proceeding.  Expenses shall also include Expenses incurred in connection with any appeal resulting from any Proceeding including, without limitation, the premium for, security for and other costs relating to any cost bond supersedeas bond or other appeal bond or its equivalent.  

(g)“Independent Counsel” means a law firm, or a member of a law firm, that is experienced in matters of corporation law and neither is, nor in the past five years has been, retained to represent:  (i) the Company or Indemnitee in any matter material to either such party (other than with respect to matters concerning Indemnitee under this Agreement or of other indemnitees under similar indemnification agreements), or (ii) any other party to or participant or witness in the Proceeding giving rise to a claim for indemnification or advance of Expenses hereunder.  Notwithstanding the foregoing, the term “Independent Counsel” shall not include any person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest in representing either the Company or Indemnitee in an action to determine Indemnitee’s rights under this Agreement.  

(h)“Proceeding” means any threatened, pending or completed action, suit, arbitration, alternate dispute resolution mechanism, investigation, inquiry, administrative hearing or any other proceeding, whether brought by or in the right of the Company or otherwise and whether of a civil (including intentional or unintentional tort claims), criminal, administrative or investigative (formal or informal) nature, including any appeal therefrom, except one pending or completed on or before the Effective Date, unless otherwise specifically agreed in writing by the Company and Indemnitee.  If Indemnitee reasonably believes that a given situation may lead to or culminate in the institution of a Proceeding, such situation shall also be considered a Proceeding.

Section 2.Services by Indemnitee.  Indemnitee will serve as a director, officer or service provider of the Company.  However, this Agreement shall not impose any independent obligation on 

Indemnitee or the Company to continue Indemnitee’s service to the Company.  This Agreement shall not be deemed an employment contract between the Company (or any other entity) and Indemnitee.

Section 3.General.  Subject to the limitations in Section 5, the Company shall indemnify, and advance Expenses to, Indemnitee (a) as provided in this Agreement and (b) as otherwise permitted by Maryland law in effect on the Effective Date and as amended from time to time; provided, however, that no change in Maryland law shall have the effect of reducing the benefits available to Indemnitee hereunder based on Maryland law as in effect on the Effective Date.  Subject to the limitations in Section 5, the rights of Indemnitee provided in this Section 3 shall include, without limitation, the rights set forth in the other sections of this Agreement, including any additional indemnification permitted by Section 2-418(g) of the Maryland General Corporation Law (the “MGCL”).

Section 4.Standard for Indemnification.  Subject to the limitations in Section 5, if, by reason of Indemnitee’s Corporate Status, Indemnitee is, or is threatened to be, made a party to any Proceeding, the Company shall indemnify Indemnitee against all judgments, penalties, fines and amounts paid in settlement and all Expenses actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection with any such Proceeding unless it is established by clear and convincing evidence that (a) the act or omission of Indemnitee was material to the matter giving rise to the Proceeding and (i) was committed in bad faith or (ii) was the result of active and deliberate dishonesty, (b) Indemnitee actually received an improper personal benefit in money, property or services or (c) in the case of any criminal Proceeding, Indemnitee had reasonable cause to believe that his or her conduct was unlawful.

Section 5.Certain Limits on Indemnification.  Notwithstanding any other provision of this Agreement (other than Section 6), Indemnitee shall not be entitled to:

(a)    indemnification for any loss or liability unless all of the following conditions are met:  (i) Indemnitee has determined, in good faith, that the course of conduct that caused the loss or liability was in the best interests of the Company; (ii) Indemnitee was acting on behalf of or performing services for the Company; (iii) such loss or liability was not the result of (A) gross negligence or willful misconduct, in the case that the Indemnitee is an independent director of the Company or (B) negligence or misconduct, in the case that the Indemnitee is not an independent director of the Company; and (iv) such indemnification is recoverable only out of the Company’s net assets and not from the Company’s stockholders; 
(b)    indemnification for any loss or liability arising from an alleged violation of federal or state securities laws unless one or more of the following conditions are met:  (i) there has been a successful adjudication on the merits of each count involving alleged material securities law violations as to Indemnitee; (ii) such claims have been dismissed with prejudice on the merits by a court of competent jurisdiction as to Indemnitee; or (iii) a court of competent jurisdiction approves a settlement of the claims against Indemnitee and finds that indemnification of the settlement and the related costs should be made, and the court considering the request for indemnification has been advised of the position of the Securities and Exchange Commission and of the published position of any state securities regulatory authority in which securities of the Company were offered or sold as to indemnification for violations of securities laws; 
(c)    indemnification hereunder if the Proceeding was one by or in the right of the Company and Indemnitee is adjudged to be liable to the Company;

(d)    indemnification hereunder if Indemnitee is adjudged to be liable on the basis that personal benefit was improperly received in any Proceeding charging improper personal benefit to Indemnitee, whether or not involving action in the Indemnitee’s Corporate Status; or
(e)    indemnification or advance of Expenses hereunder if the Proceeding was brought by Indemnitee, unless:  (i) the Proceeding was brought to enforce indemnification under this Agreement, and then only to the extent in accordance with and as authorized by Section 12 of this Agreement, or (ii) the Company’s charter or Bylaws, a resolution of the stockholders entitled to vote generally in the election of directors or of the Board of Directors or an agreement approved by the Board of Directors to which the Company is a party expressly provide otherwise.
Section 6.Court-Ordered Indemnification.  Subject to the limitations in Section 5(a) and (b), a court of appropriate jurisdiction, upon application of Indemnitee and such notice as the court shall require, may order indemnification of Indemnitee by the Company in the following circumstances:

(a)if such determines that Indemnitee is entitled to reimbursement under Section 2-418(d)(1) of the MGCL, the court shall order indemnification, in which case Indemnitee shall be entitled to recover the Expenses of securing such reimbursement; or

(b)if such court determines that Indemnitee is fairly and reasonably entitled to indemnification in view of all the relevant circumstances, whether or not Indemnitee (i) has met the standards of conduct set forth in Section 2-418(b) of the MGCL or (ii) has been adjudged liable for receipt of an improper personal benefit under Section 2-418(c) of the MGCL, the court may order such indemnification as the court shall deem proper.  However, indemnification with respect to any Proceeding by or in the right of the Company or in which liability shall have been adjudged in the circumstances described in Section 2-418(c) of the MGCL shall be limited to Expenses.

Section 7.Indemnification for Expenses of an Indemnitee Who is Wholly or Partly Successful.  Subject to the limitations in Section 5, to the extent that Indemnitee was or is, by reason of his or her Corporate Status, made a party to (or otherwise becomes a participant in) any Proceeding and is successful, on the merits or otherwise, in the defense of such Proceeding, Indemnitee shall be indemnified for all Expenses actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection therewith.  If Indemnitee is not wholly successful in such Proceeding but is successful, on the merits or otherwise, as to one or more but less than all claims, issues or matters in such Proceeding, the Company shall indemnify Indemnitee under this Section 7 for all Expenses actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection with each such claim, issue or matter, allocated on a reasonable and proportionate basis.  For purposes of this Section 7, and without limitation, the termination of any claim, issue or matter in such a Proceeding by dismissal, with or without prejudice, shall be deemed to be a successful result as to such claim, issue or matter.

Section 8.Advance of Expenses for an Indemnitee.  If, by reason of Indemnitee’s Corporate Status, Indemnitee is, or is threatened to be, made a party to any Proceeding, the Company shall, without requiring a preliminary determination of Indemnitee’s ultimate entitlement to indemnification hereunder, advance all reasonable Expenses incurred by or on behalf of Indemnitee in connection with (a) such Proceeding which is initiated by a third party who is not a stockholder of the Company, or (b) such Proceeding which is initiated by a stockholder of the Company acting in his or her capacity as such and for which a court of competent jurisdiction specifically approves such advancement, and which relates to acts or omissions with respect to the performance of duties or services on behalf of the Company, within ten days after the receipt by the Company of a statement or statements requesting such advance or 

advances from time to time, whether prior to or after final disposition of such Proceeding.  Such statement or statements shall reasonably evidence the Expenses incurred by Indemnitee and shall include or be preceded or accompanied by a written affirmation by Indemnitee of Indemnitee’s good faith belief that the standard of conduct necessary for indemnification by the Company as authorized by law and by this Agreement has been met and a written undertaking by or on behalf of Indemnitee, in substantially the form attached hereto as Exhibit A or in such form as may be required under applicable law as in effect at the time of the execution thereof, to reimburse the portion of any Expenses advanced to Indemnitee, together with the Applicable Legal Rate of interest thereon, relating to claims, issues or matters in the Proceeding as to which it shall ultimately be established, by clear and convincing evidence, that the standard of conduct has not been met by Indemnitee and which have not been successfully resolved as described in Section 7 of this Agreement.  To the extent that Expenses advanced to Indemnitee do not relate to a specific claim, issue or matter in the Proceeding, such Expenses shall be allocated on a reasonable and proportionate basis.  The undertaking required by this Section 8 shall be an unlimited general obligation by or on behalf of Indemnitee and shall be accepted without reference to Indemnitee’s financial ability to repay such advanced Expenses and without any requirement to post security therefor. 

Section 9.Indemnification and Advance of Expenses as a Witness or Other Participant.  Subject to the limitations in Section 5, to the extent that Indemnitee is or may be, by reason of Indemnitee’s Corporate Status, made a witness or otherwise asked to participate in any Proceeding, whether instituted by the Company or any other party, and to which Indemnitee is not a party, Indemnitee shall be advanced all reasonable Expenses and indemnified against all Expenses actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection therewith within ten days after the receipt by the Company of a statement or statements requesting any such advance or indemnification from time to time, whether prior to or after final disposition of such Proceeding.  Such statement or statements shall reasonably evidence the Expenses incurred by Indemnitee.

Section 10.Procedure for Determination of Entitlement to Indemnification.

(a)To obtain indemnification under this Agreement, Indemnitee shall submit to the Company a written request, including therein or therewith such documentation and information as is reasonably available to Indemnitee and is reasonably necessary to determine whether and to what extent Indemnitee is entitled to indemnification.  Indemnitee may submit one or more such requests from time to time and at such time(s) as Indemnitee deems appropriate in Indemnitee’s sole discretion.  The officer of the Company receiving any such request from Indemnitee shall, promptly upon receipt of such a request for indemnification, advise the Board of Directors in writing that Indemnitee has requested indemnification.

(b)Upon written request by Indemnitee for indemnification pursuant to Section 10(a) above, a determination, if required by applicable law, with respect to Indemnitee’s entitlement thereto shall promptly be made in the specific case:  (i) if a Change in Control shall have occurred, by Independent Counsel, in a written opinion to the Board of Directors, a copy of which shall be delivered to Indemnitee, which Independent Counsel shall be selected by Indemnitee and approved by the Board of Directors in accordance with Section 2-418(e)(2)(ii) of the MGCL, which approval shall not be unreasonably withheld; or (ii) if a Change in Control shall not have occurred, (A) by the Board of Directors by a majority vote of a quorum consisting of Disinterested Directors or, if such a quorum cannot be obtained, then by a majority vote of a duly authorized committee of the Board of Directors consisting solely of one or more Disinterested Directors, (B) if Independent Counsel has been selected by the Board of Directors in accordance with Section 2-418(e)(2)(ii) of the MGCL and approved by Indemnitee, which approval shall not be unreasonably withheld, by Independent Counsel, in a written opinion to the Board of 

Directors, a copy of which shall be delivered to Indemnitee or (C) if so directed by a majority of the members of the Board of Directors, by the stockholders of the Company.  If it is so determined that Indemnitee is entitled to indemnification, payment to Indemnitee shall be made within ten days after such determination.  Indemnitee shall cooperate with the person, persons or entity making such determination with respect to Indemnitee’s entitlement to indemnification, including providing to such person, persons or entity upon reasonable advance request any documentation or information which is not privileged or otherwise protected from disclosure and which is reasonably available to Indemnitee and reasonably necessary to such determination in the discretion of the Board of Directors or Independent Counsel if retained pursuant to clause (ii)(B) of this Section 10(b).  Any Expenses incurred by Indemnitee in so cooperating with the person, persons or entity making such determination shall be borne by the Company (irrespective of the determination as to Indemnitee’s entitlement to indemnification) and the Company shall indemnify and hold Indemnitee harmless therefrom.

(c)The Company shall pay the reasonable fees and expenses of Independent Counsel, if one is appointed.

Section 11.Presumptions and Effect of Certain Proceedings.

(a)In making any determination with respect to entitlement to indemnification hereunder, the person or persons or entity making such determination shall presume that Indemnitee is entitled to indemnification under this Agreement if Indemnitee has submitted a request for indemnification in accordance with Section 10(a) of this Agreement, and the Company shall have the burden of proof to overcome that presumption in connection with the making of any determination contrary to that presumption.  

(b)The termination of any Proceeding or of any claim, issue or matter therein, by judgment, order, settlement or conviction, upon a plea of nolo contendere or its equivalent, or entry of an order of probation prior to judgment, does not create a presumption that Indemnitee did not meet the requisite standard of conduct described herein for indemnification.

(c)The knowledge and/or actions, or failure to act, of any other director, officer, employee or agent of the Company or any other director, trustee, officer, partner, manager, managing member, fiduciary, employee or agent of any other foreign or domestic corporation, partnership, limited liability company, joint venture, trust, employee benefit plan or other enterprise shall not be imputed to Indemnitee for purposes of determining any other right to indemnification under this Agreement.

Section 12.Remedies of Indemnitee.

(a)If (i) a determination is made pursuant to Section 10(b) of this Agreement that Indemnitee is not entitled to indemnification under this Agreement, (ii) advance of Expenses is not timely made pursuant to Sections 8 or 9 of this Agreement, (iii) no determination of entitlement to indemnification shall have been made pursuant to Section 10(b) of this Agreement within 60 days after receipt by the Company of the request for indemnification, (iv) payment of indemnification is not made pursuant to Sections 7 or 9 of this Agreement within ten days after receipt by the Company of a written request therefor, or (v) payment of indemnification pursuant to any other section of this Agreement or the charter or Bylaws of the Company is not made within ten days after a determination has been made that Indemnitee is entitled to indemnification, Indemnitee shall be entitled to an adjudication in an appropriate court located in the State of Maryland, or in any other court of competent jurisdiction, of Indemnitee’s entitlement to such indemnification or advance of Expenses.  Alternatively, Indemnitee, at Indemnitee’s 

option, may seek an award in arbitration to be conducted by a single arbitrator pursuant to the Commercial Arbitration Rules of the American Arbitration Association.  Indemnitee shall commence a proceeding seeking an adjudication or an award in arbitration within 180 days following the date on which Indemnitee first has the right to commence such proceeding pursuant to this Section 12(a); provided, however, that the foregoing clause shall not apply to a proceeding brought by Indemnitee to enforce his or her rights under Section 7 of this Agreement.  Except as set forth herein, the provisions of Maryland law (without regard to its conflicts of laws rules) shall apply to any such arbitration.  The Company shall not oppose Indemnitee’s right to seek any such adjudication or award in arbitration.

(b)In any judicial proceeding or arbitration commenced pursuant to this Section 12, Indemnitee shall be presumed to be entitled to indemnification or advance of Expenses, as the case may be, under this Agreement and the Company shall have the burden of proving that Indemnitee is not entitled to indemnification or advance of Expenses, as the case may be.  If Indemnitee commences a judicial proceeding or arbitration pursuant to this Section 12, Indemnitee shall not be required to reimburse the Company for any advances pursuant to Section 8 of this Agreement until a final determination is made with respect to Indemnitee’s entitlement to indemnification (as to which all rights of appeal have been exhausted or lapsed).  The Company shall, to the fullest extent not prohibited by law, be precluded from asserting in any judicial proceeding or arbitration commenced pursuant to this Section 12 that the procedures and presumptions of this Agreement are not valid, binding and enforceable and shall stipulate in any such court or before any such arbitrator that the Company is bound by all of the provisions of this Agreement.

(c)If a determination shall have been made pursuant to Section 10(b) of this Agreement that Indemnitee is entitled to indemnification, the Company shall be bound by such determination in any judicial proceeding or arbitration commenced pursuant to this Section 12, absent a misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s statement not materially misleading, in connection with the request for indemnification.

(d)In the event that Indemnitee is successful in seeking, pursuant to this Section 12, a judicial adjudication of or an award in arbitration to enforce Indemnitee’s rights under, or to recover damages for breach of, this Agreement, Indemnitee shall be entitled to recover from the Company, and shall be indemnified by the Company for, any and all Expenses actually and reasonably incurred by him or her in such judicial adjudication or arbitration.  If it shall be determined in such judicial adjudication or arbitration that Indemnitee is entitled to receive part but not all of the indemnification or advance of Expenses sought, the Expenses incurred by Indemnitee in connection with such judicial adjudication or arbitration shall be appropriately prorated.  

(e)Interest shall be paid by the Company to Indemnitee at the maximum rate allowed to be charged for judgments under the Courts and Judicial Proceedings Article of the Annotated Code of Maryland for amounts which the Company pays or is obligated to pay for the period (i) commencing with either the tenth day after the date on which the Company was requested to advance Expenses in accordance with Sections 8 or 9 of this Agreement or the 60th day after the date on which the Company was requested to make the determination of entitlement to indemnification under Section 10(b) of this Agreement, as applicable, and (ii) and ending on the date such payment is made to Indemnitee by the Company.

Section 13.Defense of the Underlying Proceeding.

(a)Indemnitee shall notify the Company promptly in writing upon being served with any summons, citation, subpoena, complaint, indictment, request or other document relating to any Proceeding which may result in the right to indemnification or the advance of Expenses hereunder and shall include with such notice a description of the nature of the Proceeding and a summary of the facts underlying the Proceeding.  The failure to give any such notice shall not disqualify Indemnitee from the right, or otherwise affect in any manner any right of Indemnitee, to indemnification or the advance of Expenses under this Agreement unless the Company’s ability to defend in such Proceeding or to obtain proceeds under any insurance policy is materially and adversely prejudiced thereby, and then only to the extent the Company is thereby actually so prejudiced.

(b)Subject to the provisions of the last sentence of this Section 13(b) and of Section 13(c) below, the Company shall have the right to defend Indemnitee in any Proceeding which may give rise to indemnification hereunder; provided, however, that the Company shall notify Indemnitee of any such decision to defend within 15 calendar days following receipt of notice of any such Proceeding under Section 13(a) above.  The Company shall not, without the prior written consent of Indemnitee, which shall not be unreasonably withheld or delayed, consent to the entry of any judgment against Indemnitee or enter into any settlement or compromise which (i) includes an admission of fault of Indemnitee, (ii) does not include, as an unconditional term thereof, the full release of Indemnitee from all liability in respect of such Proceeding, which release shall be in form and substance reasonably satisfactory to Indemnitee, or (iii) would impose any Expense, judgment, fine, penalty or limitation on Indemnitee.  This Section 13(b) shall not apply to a Proceeding brought by Indemnitee under Section 12 of this Agreement.

(c)Notwithstanding the provisions of Section 13(b) above, if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s Corporate Status, (i) Indemnitee reasonably concludes, based upon an opinion of counsel approved by the Company, which approval shall not be unreasonably withheld, that Indemnitee may have separate defenses or counterclaims to assert with respect to any issue which may not be consistent with other defendants in such Proceeding, (ii) Indemnitee reasonably concludes, based upon an opinion of counsel approved by the Company, which approval shall not be unreasonably withheld, that an actual or apparent conflict of interest or potential conflict of interest exists between Indemnitee and the Company, or (iii) if the Company fails to assume the defense of such Proceeding in a timely manner, Indemnitee shall be entitled to be represented by separate legal counsel of Indemnitee’s choice, subject to the prior approval of the Company, which approval shall not be unreasonably withheld, at the expense of the Company.  In addition, if the Company fails to comply with any of its obligations under this Agreement or in the event that the Company or any other person takes any action to declare this Agreement void or unenforceable, or institutes any Proceeding to deny or to recover from Indemnitee the benefits intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain counsel of Indemnitee’s choice, subject to the prior approval of the Company, which approval shall not be unreasonably withheld, at the expense of the Company (subject to Section 12(d) of this Agreement), to represent Indemnitee in connection with any such matter.

Section 14.Non-Exclusivity; Survival of Rights; Subrogation.

(a)The rights of indemnification and advance of Expenses as provided by this Agreement shall not be deemed exclusive of any other rights to which Indemnitee may at any time be entitled under applicable law, the charter or Bylaws of the Company, any agreement or a resolution of the stockholders entitled to vote generally in the election of directors or of the Board of Directors, or otherwise.  Unless consented to in writing by Indemnitee, no amendment, alteration or repeal of this 

Agreement or of any provision hereof shall limit or restrict any right of Indemnitee under this Agreement in respect of any action taken or omitted by such Indemnitee in his or her Corporate Status prior to such amendment, alteration or repeal, regardless of whether a claim with respect to such action or inaction is raised prior or subsequent to such amendment, alteration or repeal.  No right or remedy herein conferred is intended to be exclusive of any other right or remedy, and every other right or remedy shall be cumulative and in addition to every other right or remedy given hereunder or now or hereafter existing at law or in equity or otherwise.  The assertion of any right or remedy hereunder, or otherwise, shall not prohibit the concurrent assertion or employment of any other right or remedy.

(b)In the event of any payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee, who shall execute all papers required and take all action necessary to secure such rights, including execution of such documents as are necessary to enable the Company to bring suit to enforce such rights.

Section 15.Insurance.  The Company will use its reasonable best efforts to acquire directors and officers liability insurance, on terms and conditions deemed appropriate by the Board of Directors, with the advice of counsel, covering Indemnitee or any claim made against Indemnitee by reason of his or her Corporate Status and covering the Company for any indemnification or advance of Expenses made by the Company to Indemnitee for any claims made against Indemnitee by reason of his or her Corporate Status.  Without in any way limiting any other obligation under this Agreement, the Company shall indemnify Indemnitee for any payment by Indemnitee arising out of the amount of any deductible or retention and the amount of any excess of the aggregate of all judgments, penalties, fines, settlements and Expenses incurred by Indemnitee in connection with a Proceeding over the coverage of any insurance referred to in the previous sentence.  The purchase, establishment and maintenance of any such insurance shall not in any way limit or affect the rights or obligations of the Company or Indemnitee under this Agreement except as expressly provided herein, and the execution and delivery of this Agreement by the Company and Indemnitee shall not in any way limit or affect the rights or obligations of the Company under any such insurance policies.  If, at the time the Company receives notice from any source of a Proceeding to which Indemnitee is a party or a participant (as a witness or otherwise), the Company has director and officer liability insurance in effect, the Company shall give prompt notice of such Proceeding to the insurers in accordance with the procedures set forth in the respective policies.

Section 16.Coordination of Payments.  The Company shall not be liable under this Agreement to make any payment of amounts otherwise indemnifiable or payable or reimbursable as Expenses hereunder if and to the extent that Indemnitee has otherwise actually received such payment under any insurance policy, contract, agreement or otherwise.

Section 17.Reports to Stockholders.  To the extent required by the MGCL, the Company shall report in writing to its stockholders the payment of any amounts for indemnification of, or advance of Expenses to, Indemnitee under this Agreement arising out of a Proceeding by or in the right of the Company with the notice of the meeting of stockholders of the Company next following the date of the payment of any such indemnification or advance of Expenses or prior to such meeting.

Section 18.Duration of Agreement; Binding Effect.

(a)This Agreement shall continue until and terminate on the later of (i) the date that Indemnitee shall have ceased to serve as a director, officer, employee or agent of the Company or as a director, trustee, officer, partner, manager, managing member, fiduciary, employee or agent of any other foreign or domestic corporation, real estate investment trust, partnership, limited liability company, joint 

venture, trust, employee benefit plan or other enterprise that such person is or was serving in such capacity at the request of the Company and (ii) the date that Indemnitee is no longer subject to any actual or possible Proceeding (including any rights of appeal thereto and any Proceeding commenced by Indemnitee pursuant to Section 12 of this Agreement).

(b)The indemnification and advance of Expenses provided by, or granted pursuant to, this Agreement shall be binding upon and be enforceable by the parties hereto and their respective successors and assigns (including any direct or indirect successor by purchase, merger, consolidation or otherwise to all or substantially all of the business or assets of the Company), shall continue as to an Indemnitee who has ceased to be a director, officer, employee or agent of the Company or a director, trustee, officer, partner, manager, managing member, fiduciary, employee or agent of any other foreign or domestic corporation, partnership, limited liability company, joint venture, trust, employee benefit plan or other enterprise that such person is or was serving in such capacity at the request of the Company, and shall inure to the benefit of Indemnitee and Indemnitee’s spouse, assigns, heirs, devisees, executors and administrators and other legal representatives.

(c)The Company shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise) to all, substantially all or a substantial part, of the business and/or assets of the Company, by written agreement in form and substance satisfactory to Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place.

(d)The Company and Indemnitee agree that a monetary remedy for breach of this Agreement, at some later date, may be inadequate, impracticable and difficult of proof, and further agree that such breach may cause Indemnitee irreparable harm.  Accordingly, the parties hereto agree that Indemnitee may enforce this Agreement by seeking injunctive relief and/or specific performance hereof, without any necessity of showing actual damage or irreparable harm and that by seeking injunctive relief and/or specific performance, Indemnitee shall not be precluded from seeking or obtaining any other relief to which Indemnitee may be entitled.  Indemnitee shall further be entitled to such specific performance and injunctive relief, including temporary restraining orders, preliminary injunctions and permanent injunctions, without the necessity of posting bonds or other undertakings in connection therewith.  The Company acknowledges that, in the absence of a waiver, a bond or undertaking may be required of Indemnitee by a court, and the Company hereby waives any such requirement of such a bond or undertaking.

Section 19.Severability.  If any provision or provisions of this Agreement shall be held to be invalid, illegal or unenforceable for any reason whatsoever:  (a) the validity, legality and enforceability of the remaining provisions of this Agreement (including, without limitation, each portion of any Section, paragraph or sentence of this Agreement containing any such provision held to be invalid, illegal or unenforceable that is not itself invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby and shall remain enforceable to the fullest extent permitted by law; (b) such provision or provisions shall be deemed reformed to the extent necessary to conform to applicable law and to give the maximum effect to the intent of the parties hereto; and (c) to the fullest extent possible, the provisions of this Agreement (including, without limitation, each portion of any Section, paragraph or sentence of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not itself invalid, illegal or unenforceable) shall be construed so as to give effect to the intent manifested thereby.

Section 20.Identical Counterparts.  This Agreement may be executed in one or more counterparts, each of which shall for all purposes be deemed to be an original but all of which together 

shall constitute one and the same Agreement.  One such counterpart signed by the party against whom enforceability is sought shall be sufficient to evidence the existence of this Agreement.

Section 21.Headings.  The headings of the paragraphs of this Agreement are inserted for convenience only and shall not be deemed to constitute part of this Agreement or to affect the construction thereof.

Section 22.Modification and Waiver.  No supplement, modification or amendment of this Agreement shall be binding unless executed in writing by both of the parties hereto.  No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions hereof (whether or not similar) nor shall such waiver constitute a continuing waiver.

Section 23.Notices.  All notices, requests, demands and other communications hereunder shall be in writing and shall be deemed to have been duly given if (i) delivered by hand and receipted for by the party to whom said notice or other communication shall have been directed, on the day of such delivery, or (ii) mailed by certified or registered mail with postage prepaid, on the third business day after the date on which it is so mailed:

(a)If to Indemnitee, to the address set forth on the signature page hereto.

(b)If to the Company, to:
American Realty Capital Healthcare Trust II, Inc.
405 Park Avenue, 14th Floor
New York, NY 10022
Attn:  General Counsel

or to such other address as may have been furnished in writing to Indemnitee by the Company or to the Company by Indemnitee, as the case may be.

Section 24.Governing Law.  This Agreement shall be governed by, and construed and enforced in accordance with, the laws of the State of Maryland, without regard to its conflicts of laws rules.

[SIGNATURE PAGE FOLLOWS]

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written.
American Realty Capital Healthcare Trust II, Inc.

By:  /s/ Thomas P. D’Arcy
Name: Thomas P. D’Arcy
Title: Chief Executive Officer, President and Secretary

INDEMNITEE

/s/ Randolph C. Read    
Name: Randolph C. Read

EXHIBIT A
AFFIRMATION AND UNDERTAKING TO REPAY EXPENSES ADVANCED
To:  The Board of Directors of American Realty Capital Healthcare Trust II, Inc. 

Re:  Affirmation and Undertaking

Ladies and Gentlemen:

This Affirmation and Undertaking is being provided pursuant to that certain Indemnification Agreement, dated the 14th day of April, 2015, by and between American Realty Capital Healthcare Trust II, Inc., a Maryland corporation (the “Company”), and the undersigned Indemnitee (the “Indemnification Agreement”), pursuant to which I am entitled to advance of Expenses in connection with [Description of Proceeding] (the “Proceeding”).
Terms used herein and not otherwise defined shall have the meanings specified in the Indemnification Agreement.
I am subject to the Proceeding by reason of my Corporate Status or by reason of alleged actions or omissions by me in such capacity.  I hereby affirm my good faith belief that at all times, insofar as I was involved as a director of the Company, in any of the facts or events giving rise to the Proceeding, I (1) did not act with bad faith or active or deliberate dishonesty, (2) did not receive any improper personal benefit in money, property or services and (3) in the case of any criminal proceeding, had no reasonable cause to believe that any act or omission by me was unlawful.
In consideration of the advance of Expenses by the Company for reasonable attorneys’ fees and related Expenses incurred by me in connection with the Proceeding (the “Advanced Expenses”), I hereby agree that if, in connection with the Proceeding, it is established that (1) an act or omission by me was material to the matter giving rise to the Proceeding and (a) was committed in bad faith or (b) was the result of active and deliberate dishonesty or (2) I actually received an improper personal benefit in money, property or services or (3) in the case of any criminal proceeding, I had reasonable cause to believe that the act or omission was unlawful, then I shall promptly reimburse the portion of the Advanced Expenses, together with the Applicable Legal Rate of interest thereon, relating to the claims, issues or matters in the Proceeding as to which the foregoing findings have been established.  
IN WITNESS WHEREOF, I have executed this Affirmation and Undertaking on this _____ day of _______________, 20____.

_____________________________
Name:EX-10.1

 Exhibit 10.1 

[stamps:] 
 OFFICE SPACE LEASE
AGREEMENT 
 Between, 
 INNOTECH N.V., with its registered
office at the Generaal De Wittelaan 9(18), 2800 Mechelen, registered in the Commercial Register of Mechelen, no. 28.683, duly represented here by Mr. Bart Verhaeghe, Managing Director, hereinafter referred to as the Lessor, 

and 
 GALAPAGOS GENOMICS N.V., a public limited company in
formation, with their address at the Generaal De Wittelaan ...., 2800 Mechelen, duly represented here by Mr. Onno van de Stolpe, future Managing Director, hereinafter referred to as the Lessee, 

have agreed as follows: 
 Article 1 - Leased premises

 The Lessor leases out to the Lessee, who accepts, the following premises: 

the office space on the first floor at Generaal de Wittelaan 11A, Schaliënhoevedreef, with a constructed area of 1100 m2 of private areas and 142 m2 of common areas, as well as 22 parking spaces (see plan in Addendum 1). 

The premises will be delivered to the Lessee in shell condition (without dropped ceilings, lighting fixtures, air conditioning, computer floors
and without further finishing), however with carpeting and mipolam (200 series) on the current floors, up to three patios and an elevator shaft (without associated equipment). The current available electric power is 250 kVA. 

The leased premises are well-known to the Lessee, who requires no further description here. 

Article 2 - Intended use of the leased premises 
 The
leased premises are exclusively intended to be used as offices and high tech areas. The parking spaces at the building are solely intended for parking of passenger cars and small vans. 

The Lessee cannot change this intended use, nor extend it, without the prior written consent of the Lessor. 

It is explicitly agreed that in no case the leased premises may be used for the exercise of retail trade, nor for the business of a craftsman, or any other
activity in direct contact with the public. This lease agreement can therefore never be governed by the Act of April 30, 1951 on retail rent. 
 The
exercise of such activity would constitute a serious shortcoming on the part of the Lessee in its obligations in this agreement. The Lessee is responsible for obtaining all the permits required for the use of the premises; he bears the risk. 

Article 3 - Intended use of the leased premises 
 At first
request, the Lessee shall voluntarily intervene in any dispute relating to the activities or the presence of the Lessee in the leased premises and the Lessee shall indemnify the Lessor against any possible damage that may result. 

  
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 The Lessee knows the properties of the building and know which load the floors, walls and the like can bear. 

The Lessor is not familiar with the activities that the Lessee exercises in the leased premises. 

The Lessee should ensure compliance with all legal and regulatory obligations, regulations, permits, instructions of competent bodies and authorities, such
as, among others: building permits, environmental permits and any special permits in connection with the activities of the Lessee, the regulations on fire safety, General Occupational Health and Safety Regulations, NBN (Bureau for Standardisation)
standards... . 
 The Lessee must inform the Lessor of the modifications or changes he will make to the leased premises at his expense, in order to comply
with regulations that apply to the Lessee and/or his activities. This information must be provided no later than the signing of the lease. All modifications or changes are made at the expense of the Lessee, without any right to compensation being
due to him at the end of the lease agreement. 
 If the Lessor believes that certain laws, regulations or instructions of competent authorities are not
being complied with, at the first request of the Lessor, the Lessee will carry out the modifications required under the responsibility and at the expense of the Lessee. 

Article 4 – Rent 
 The parties have agreed on a base
rent of 4,200.00 BEF/m2/year for the leasing of the private areas and proportionally, the rent of the common areas on a shell condition basis, as defined in Article 1. 

In addition to the 22 outside parking spaces in the surrounding area that are included in the rental price, the Lessee will obtain an option on 8 additional
parking spaces, and this until January 1, 2001. As long as there are certain parking spaces that are effectively not being used by him, the Lessee cannot oppose use by third parties. 

For these 8 additional parking spaces, a rent of 15,000 BEF/per parking space per year will apply, payable annually in advance and for the first time when
exercising the option by registered mail, ultimately on the expiration date of the option. 
 The rent is paid quarterly in advance, on the first day of the
month of the start of the quarter (this is on January 1, April 1, July 1 and October 1), in BEF to the bank account indicated by the Lessor. This payment will take place by means of direct debit, for which a copy of the
bank identification details, at the signing of this agreement, will be given to the Lessor. 
 The rental price is due by operation of law, without
requiring any form of notice. 
 The rent, payable for the period going from the date of occupancy of the building (ingoing delivery report), constitutes
the first period and is calculated pro rata where applicable. 
 Article 5 - Indexation of the rent 

Every year on the anniversary of this lease agreement (date of signature), automatically and without any form of notice of default, an adjustment of the rent
will take place on the basis of the health index figure and this according to the following formula: 
 new rental price = base rent x new index 

                          
        base index figure 

  
 2 

 The basic index figure is the index figure of the month preceding the month during which the lease agreement was
closed. 
 The new index figure is the index figure of the month prior to the anniversary of the effective date of the lease agreement. 

The new rental price can never be lower than the last rent paid, calculated in accordance with the applicable index figure. 

The Lessor can only abandon this system through an express, signed confirmation in writing. 

Article 6 - Fees and taxes 
 All fees, taxes, levies or
duties applicable to the property, such as real estate taxes, taxes on the activities of the Lessee, taxes levied by the state, municipality, province, federation of municipalities or conurbation or region or community or any other government should
be borne by the Lessee. 
 The Lessor will immediately transmit these taxes to the Lessee, who undertakes to take the steps necessary to make payment within
the specified term. The distribution of the taxes for the common areas is carried out as provided for in Article 7.1, second paragraph, concerning the distribution of the common charges. Possible fines and/or default interest for late payment will
be owed immediately by the Lessee to the Lessor. 
 If the Lessor would like to pay these taxes directly, he will provide a copy of the assessment notice to
the Lessee, who will transfer the amount due to the Lessor within the time limit specified on the assessment notice. The Lessor can also request an advance payment at a rate of 150 BEF/m2/year
with periodic settlement according to the arrangement for the common charges. 
 Article 7 - Charges 

7.1 Common charges 
 The Lessee undertakes to pay the
common charges to the Lessor, and this by way of advances. An advance payment of (125 BEF/m2/per quarter) was agreed on, which will be paid for the first time on the date of occupancy of the
building and then each time on the date on which the rent is paid, in accordance with Article 4, paragraph 3. 
 These advances are for the payment of,
among others, the following common charges, so these will be charged if they are present (illustrative list that only serves as an example): 
  

	•	 	Consumption costs and rental of counters for the common areas, such as electricity, gas, heating, water, cable distribution,... 

  

	•	 	Cost of technical maintenance, such as heating, air conditioning, ventilation, electricity, elevator, electricity, sanitary facilities, portals, ... 

 

	•	 	Cleaning costs of, among others, the windows, the common areas, ... 

  

	•	 	Maintenance of plants and shrubs, this is, for example, the maintenance of the garden, the parking area, ... 

  

	•	 	Costs associated with the site drainage, gullies, the drainpipes, the drains, ... 

  

	•	 	Waste collection 

  
 3 

	•	 	Cost of inspections (these are the required regulatory inspections and, any optional controls), such as the inspection of the fire detection system, gas monitoring, ... 

The share of the Lessee in these common charges will be calculated by dividing the area of the leased private premises by the total area of all private
premises of the building. 
 Periodically, and at least once per calendar year, the Lessee will receive a statement of the actual expenditure. The
difference between the advance and the periodic statement will be, depending on the case, deposited to the Lessor (manager) or to the Lessee within thirty days after notification of the statement. When the advances appear to be insufficient, they
will be modified by the Lessor or the manager she has designated. 
 7.2 Private charges 

The Lessee will bear the costs (including fixed charges, subscriptions, and the cost of distributors and connections) that are associated with his consumption
of water, gas, electricity, telephone, fax, cable TV, etc., or that are related to other services he purchases. The Lessor will provide a distribution point for the connections of water, gas, cable TV and electricity. 

If the “assets” that the Lessee wishes to utilize require special provisions (e.g. private high-voltage cabin), the installation and maintenance
thereof will be paid by the Lessee. 
 To the extent that certain private charges will be charged to the Lessor, the relevant invoices and/or documents are
delivered to the Lessee, who will reach the arrangements necessary for payment within the specified term. 
 Article 8 - Duration of the agreement

 The duration of the lease is nine years. It commences once the Lessee occupies the premises (date of the final incoming delivery report) on
January 1, 2000, in order to terminate by operation of law after a period of nine years. In principle, the premises can be accessed for the installation of equipment and systems from July 1, 1999. There will be no form of reimbursement or
compensation that can be claimed for the termination of this agreement in accordance with this provision. 
 Tacit renewal of the lease is not possible,
even if the occupancy of the leased premises would continue after the planned contractual period of nine years. 
 Article 9 - Condition of the leased
premises 
 As soon as the Lessee would like to commence with the installation of his equipment and the like, a provisional and inter partes delivery
report will be issued at the request of the Lessee and as a condition for the installation of his equipment. The property that the Lessee wants to install will be submitted for approval to the Lessor in advance. They are subject to the provisions of
Articles 10 and 11. 
 On the date of the first occupancy of the leased premises, a final, inter partes delivery report will be drafted. All costs and fees
associated with the issuance of the delivery report will be borne equally by both parties. 
 This delivery report will form an integral part of this Lease
Agreement (Exhibit 5). 
 The delivery report is completed by the Lessee and Lessor or, if desired, by an expert, appointed in mutual agreement between the
parties. 

  
 4 

 No later than 30 days before the end of the agreement, the Lessee will invite the Lessor to discuss which
modifications, changes, repairs, etc., still need to be completed before the end of the agreement. 
 At the end of the lease agreement, according to the
same procedure as for the ingoing delivery report, an outgoing delivery report will be issued in order to determine the amount of any damage, as well as any compensation due to unavailability. The Lessee undertakes, as soon as he has vacated the
leased premises, to invite the Lessor by registered mail to draft this delivery report. 
 The Lessee must return the property as he had received it. Damage
caused by old age or wear and tear that has arisen during the lease period shall be borne by the Lessee, even if this is not his fault. 
 If the premises
are not made available in time, either because they were not vacated in time, or because the modifications and repairs were not carried out in time, the Lessee, regardless of his other obligations, will owe the following compensation: 

Per month commenced that the Lessor cannot access the premises, he will be owed compensation of twice the monthly rental price that was due in the last
period, plus the compensation that the Lessor has to remit to a new Lessee because the property could not be made available in time. 
 The handing over of
the keys, in any form, at or after departure of the Lessee will never be a partial or complete discharge for the Lessee. 
 Article 10 - Additional work

 Additional work is all deviations from the current finished state of the premises. This additional work should be ordered through the Lessor and is
always the subject of a separate order form. 
 The works will only be carried out after the order form has been validly signed and after an agreement on
the method of payment has been created. 
 The Lessor reserves the right to either invoice the price of the additional work, or to include it in the rent
over the first lease term within which no cancellation is possible. 
 The Lessor reserves the right, following such additional work, to adjust the date of
occupancy. 
 Article 11 - Renovations, changes, improvements 

The Lessee cannot make any modifications or alterations to the leased premises without the prior express written consent of the Lessor. Also the placement of
appliances which give rise to certain works on the inside or outside of the building, requires the express and written consent of the Lessor. The Lessor can always refuse to grant his consent. 

The renovations or modifications should be ordered with priority from the Lessor. In case the Lessor decides to not perform these works himself, these works
will be carried out under the sole responsibility of the Lessee and the Lessor has the right to supervise the works, without entailing any kind of liability for the Lessor. 

All works for which the Lessor grants his consent, be carried out at the expense of the Lessee. All costs of placement, use and removal at the end of the
lease shall be borne by the Lessee. 
 All costs and expenses imposed by a competent authority because of the presence of the Lessee, an act or omission of
the Lessee, will also be carried solely by him, or be recovered from him. 

  
 5 

 The Lessor reserves the right, to demand that the premises are returned to their original state at the end of the
lease agreement, without any compensation being owed to the Lessee. Nor will he owe compensation to the Lessee, if the Lessor wishes to keep the changes or improvements that were made. In any case, the Lessee cannot remove the alterations that are
made to be in line with certain regulations or laws without the express and written consent of the Lessor, which must be requested in a timely manner by the Lessee. 

Article 12 - Repairs and maintenance 
 The Lessee shall
maintain the leased premises in a good state of repair and be responsible for the costs of maintenance and repairs. He will, among other things, be responsible for the repair and, if necessary, replacement of the locks of the doors, windows, hinges
and handles, taps, interior paint work, flooring and the like. All private drainage systems and pipes need to be maintained and cleaned and in such a state that no blockage is possible. He will maintain the water pipes and the central heating (as
far as these are private, otherwise through the maintenance contract) and, when necessary, protect them from frost. The Lessor or manager of the building can close maintenance contracts for this purpose on the behalf of the Lessee. 

All defects, damage, and the like are presumed to have arisen after the effective date of this lease agreement, with the exception of those listed in the
delivery report, and are to be borne by the Lessee. 
 Only the hidden defects of the leased premises that impede the use thereof and that are reported
within twelve months after the signing of the contract to the Lessor shall be borne by the Lessor. 
 It is agreed that only major and structural repair
work, in accordance with Section 606 Civil Code, will be borne by the Lessor, as far as they are not caused by the failure of the repairs or errors of the Lessee. 

The Lessee must immediately report to the Lessor by registered letter which obligations he believes the Lessor should have to fulfil. The damage or
inconvenience sustained by failing to recognize this notification requirement will be borne by the Lessee. 
 The Lessee will tolerate any repairs or
renovations performed by the Lessor to fulfil his obligations regarding major repairs, as defined, and this without any right to compensation or reduction of the rental price. However, if the works result in a permanent unavailability of more than
fourteen days and of at least 20% of the leased premises, then the Lessee and the Lessor will hold consultations regarding a rent reduction. 
 The Lessee
will always grant access to the Lessor or his representative to all leased premises, in order to carry out the necessary inspections and/or to be able to perform repairs, or to verify the state of the leased premises. 

The Lessor shall not be liable for any interruption of services or utilities of the building or the consequences thereof, unless the interruption is caused by
his willful misconduct, fraud or gross negligence. 
 The Lessor can give notice to the Lessee by registered mail, demanding that he carries out the
necessary repair work and to end this within thirty days after sending this letter. The Lessor has no task of supervision or control over the repairs and the like that the Lessee must perform. 

  
 6 

 Article 13 – Insurance policies 

The Lessor undertakes, during the whole duration of the lease, to insure the building in its entirety for proper amounts on the basis of a “Belgian
Insurance Association (BVVO) All Risks” policy. 
 The premiums will be, possibly pro rata in accordance with Article 7.1, second paragraph on the
distribution of the common charges, distributed among the lessees. The Lessor pays the premiums to the insurance company and will charge these to the Lessee, who undertakes to pay the amount due within the time limit specified by the Lessor. In the
event of negligence, Article 17 of the lease agreement will apply. 
 Any change in activity, local situation or circumstance in general which may lead to
an increase in risk, must be reported spontaneously and in writing by the Lessee to the Lessor. 
 At his expense, the Lessee will insure all movable
objects that are in the leased premises, as well as the property modifications and expansions. This insurance will at least cover the risks of fire damage, explosion damage, electrical damage, water damage and related risks damage, storm damage,
glass breakage, and recovery from third parties. 
 Every year, the Lessor will receive insurance certificates that confirm the payment of the premium. 

The parties mutually waive any recourse that they mutually could exercise against each other, as well as against the owner, leaseholder, sublessees,
transferors and acquirers and this because of all the damage they could suffer as a result of the risks to be insured. They also undertake to accept a similar waiver for any sublessee or user, as well as their insurers, with the exception of the
conservation of recourse against the perpetrator of willful misconduct. 
 The policies shall provide that there can be no suspension or deferment of the
coverage, or that the coverage can end after at least one month’s notice that is served to the Lessor. 
 The insurance also cannot be changed without
prior notice from the Lessor thirty days in advance. 
 Damage to the leased property, of which the costs of repair do not exceed 25,000 BEF or less, and is
caused by burglary or attempted burglary, will be borne by the Lessee. 
 If damage occurs, at the first request of the Lessor, the Lessee must undertake to
take steps to remove his systems and contents, or remove the remnants thereof from the premises as soon as possible, according to the applicable laws, regulations and provisions. As the case may be, these should be kept at another location of the
insurers and experts that is even temporarily made available. 
 Article 14 - Management expenses 

The fee for management expenses will be determined in accordance with the guidelines of the Belgian Institute of Real Estate Agents. 

The Lessee undertakes to take the steps required for payment of the costs, whenever the Lessor so requests and this within the term indicated by the Lessor.
In the event of late payment, Article 17 of this lease agreement will apply. 

  
 7 

 Article 15 - Transfer or sublease 

The leased premises cannot, in whole or in part, be transferred or subleased without the express and written consent of the Lessor. Mere acquiescence will
therefore not be considered as consent. 
 If the Lessor permits the sublease or the transfer of the lease agreement, the Lessee and the sublessee, or the
transferor and the acquirer, are jointly and severally liable for all obligations arising from this agreement with respect to the Lessor. 
 The Lessee
undertakes to ensure that the sublessee or the acquirer will lease the premises under the same contract terms as himself. 
 The Lessee will provide a copy
of the sublease agreement to the Lessor within ten days after its signature. 
 The Lessor is entitled to transfer his rights and obligations arising from
this agreement to third parties at all times, with a simple notification to the Lessee. 
 Article 16 - Rental guarantee 

As security for all of its obligations under this agreement, the Lessee will provide a bank guarantee solely in favor of the Lessor that is issued by a
recognized Belgian financial institution, in which an amount that is at least equivalent to six month’s rent is guaranteed. 
 This guarantee will
issued and the letter of guarantee will be handed to the Lessor before the lease enters into force. The bank guarantee will take effect when the leased premises are occupied. 

The bank guarantee can be validly claimed by the Lessor by just sending a registered letter to the bank and is payable at first request. 

The guarantee cannot be used under any circumstances by the Lessee for his other commitments, such as the payment of rent, to be fulfilled under this
agreement. 
 The guarantee expires six months after the termination of the lease agreement. 

Article 17 - Payments and interest 
 Regardless of all
other rights and claims of the Lessor, all amounts that are due or still owing from the Lessee pursuant to this contract, by operation of law and without requiring any form of notice, will bear interest equal to the then-applicable legal interest
rate, plus three percent, with a minimum of 10%. Every month commenced applies as a full month. 
 All collection costs of amounts due under this agreement
(including legal costs, management and follow-up costs, fees,...) shall be borne by the Lessee and this at a minimum of 25,000.00 BEF. 
 Article 18 -
Termination of the lease agreement 
 Any default or non-compliance with the agreement by the Lessee, of one of the clauses in this agreement, after
first demand or notice of default is sent by registered mail, will be considered as a serious breach of contract by the parties. 
 Only in accordance with
the termination of the lease agreement to the detriment of the Lessee, compensation will be owed, which is set at (six) month’s rent. This compensation is payable without prejudice to the rent and the charges until a new lessee leases the
premises against lease terms that are better for the Lessor, plus any costs, expenses and expenditures arising from the termination, without prejudice to the other obligations under the lease agreement. 

  
 8 

 In bankruptcy, composition, upon dissolution or liquidation of the Lessee, the immediate termination of the lease
can be demanded. In this case, the Lessee would owe the same compensation (see preceding paragraph). 
 Article 19 - Expropriation 

In the case of expropriation of the leased premises, the Lessee may demand no compensation whatsoever from the Lessor. The Lessee will only be able to exercise
his rights against the expropriating authority. 
 Article 20 - Visitation of the leased premises 

During the six months before the end of lease agreement, as well as when offering the logistics building for sale, the Lessee will give his consent to place
posters in high visibility locations in the leased premises or the building, announcing the leasing or sale. 
 Thus, the Lessee will permit persons who
must be accompanied by a representative of the Lessor, and this by appointment, to visit the leased premises two days per week, in the morning or afternoon. 

Article 21 - Internal regulations 
 The Lessee undertakes
to comply with the existing provisions, internal regulations and others, which apply to the building complex and the areas. These regulations will be transferred to the Lessor before occupancy, which he confirms (Exhibit 4). All reasonable changes
will be binding 1 month after notification thereof by registered mail to the Lessee. 
 Article 22 - Date of service 

All documents served by registered mail are considered to have been served on the date on which the registered letter was submitted at the post office, proven
by the date on the proof of shipment. 
 Article 23 - Advertising 

If the Lessee wishes to install advertising, he must first obtain the prior express and written consent of the Lessor. The necessary permit applications and
the like will be requested by the Lessee and at his expense. The Lessor has already agreed with installing a commonly used plexiglass plate in the business park, at the entrance of the building (company name). 

Article 24 - Election of domicile 
 For the implementation
of the lease agreement, the Lessor elects domicile at his registered office. 
 The Lessee elects domicile at the leased premises and this from the time of
occupancy of the building until the moment that this lease agreement is terminated and he has vacated the leased premises. 
 Article 25 - Invalidity

 If any provision of this agreement is declared invalid or unenforceable by a competent court, the remaining provisions are still fully valid. With
regard to provisions that were found to be invalid or unenforceable in whole or in part, the parties will negotiate again in good faith, with the goal of replacing the invalid provision with a valid one, of which the economic results best
corresponds with the invalid provision in a manner that is consistent with the common intention of the parties. 

  
 9 

 Article 26 - Competent courts - Applicable law 

This agreement is governed by Belgian law. 
 Article 27 -
Registration 
 The Lessor will have this lease registered at the expense of the Lessee. For the levying of registration duties on the Lessee, the
parties estimate the charges imposed on the Lessee to be 10% of the annual rent. The registration duty of 0.2% will be levied on the combined amounts of rents and the charges imposed on the Lessee for the fiscal period to come. 

The Lessor will return a copy of this lease agreement, which is intended for registration, to the Lessee after registration. 

Article 28 - Option 
 For three years from the
commencement of this lease, the Lessee will receive an option to lease additional premises of 300 m2, as indicated on the attached plan (A+B), as an extension of this lease agreement. 

The Lessor may, as long as this option is not exercised, lease section B of these premises to third parties. Such leasing must be able to be terminated in a
term of three months (notice period). 
 In the case there is no leasing and a fortiori of section A, the Lessee will meet the costs and charges, but not
the rent of these premises. As soon as section A or B, or both, are wholly or partly used in any way, the terms of this lease agreement will apply as a whole to the section concerned (A or B, or both), as an extension to this lease agreement. 

This option expires after three years and the Lessor will be free to lease these premises to third parties, whether the Lessee retains the right of first
refusal to the premises, or not. 
 Article 29 - Preferential right 

This lease agreement will expire after nine years. The Lessee will receive the preferential right to lease the leased premises again through, in that case,
closing a lease agreement, based on the same conditions as this lease agreement (indexed rent amount). 
 Drawn up in Mechelen on 6/30/99 in
triplicate, of which each party acknowledges to have received one signed copy following its signing, and one copy is intended for registration by the Lessor at the expense of the Lessee. 

 

					
	For the Lessor,				For the Lessee,
			
	/s/ Bart Verhaeghe				/s/ Onno van de Stolpe

  

					
					O. van de Stolpe
					Managing Director
	Attached:				Galapagos Genomics NV
	 1.      plan of the leased premises
				
	 2.      any additional work
				
	 3.      internal regulations
				
	 4.      ingoing delivery report
				

  
 10 

					
	    		[stamp:]		Registered fourteen pages — sealed
					in Mechelen 1st Registration Office
					On 1999
					BOOK 61/24 page 02 box 147
					Received        [stamp:]
					THE RECEIVER read:    one hundred and three thousand, two hundred and eighty-five fr.
					[signature]                                     
                                (103,285.00 BEF)

  
 11 

 ADDENDUM 1 to LEASE AGREEMENT FOR OFFICE SPACE 

Between 
 INNOTECH N.V., a public limited company with
registered headquarters at the Generaal de Wittelaan 9/18, 2800 Mechelen, entered in the commercial registry in Mechelen under no. 28.683, duly represented here by Mr. Bart Verhaeghe, managing director, hereinafter referred to as the lessor,

 and 
 GALAPAGOS GENOMICS N.V., a public limited
company with registered headquarters at the Generaal de Wittelaan 11/A, 2800 Mechelen, entered in the commercial registry in Mechelen under number 85.469, VAT number BE 466.460.429, duly represented here by Mr. Onno van de Stolpe, managing
director, hereinafter referred to as the lessee, 
 Was concluded on June 30, 1999 a lease agreement for 1100 m2 of office space (as well as 142 m2 of common space and 22 parking spaces) at the Generaal de Wittelaan 11/A in Mechelen. 

This agreement was registered in Mechelen 1 on August 4, 1999, Volume 62/24, page 2 section 147, for
the fee of 103,285 [Belgian] francs. 
 The parties wish to increase the term of this agreement from nine to fifteen years. 

As a result, article 8 has been changed in the sense that the term of nine years has been increased to fifteen years. 

In light of the duration, the lease agreement shall also be notarized. The notarial deed shall be executed within two months before notary Annemie Coussement
in Duffel, who has been appointed to do so by both parties. 
 As stipulated in the lease agreement, the registration duties and legal fees for this shall
be at the expense of the lessee. 
 Prepared in Mechelen, on January 19, 2000 in triplicate, whereby each party acknowledges having received one signed
copy at signing. 
  

			
	For the Lessor,		For the Lessee,
		
	/s/ Bart Verhaeghe		/s/ Onno van de Stolpe
		
	Bart Verhaeghe,		Onno van de Stolpe
	Managing Director		Managing Director

  
 Addendum Lease - p. 1

 [stamp:] 

LEASE AGREEMENT DATED 06/30/1999 and 02/21/2001 

ADDENDUM 3 
 Between the
undersigned: 
  

	 	1.	Intervest Offices N.V., with registered headquarters at the Uitbredingsstraat 18, 2600 Berchem (Antwerp), legal successor of Innotech N.V. by virtue of merger on 06/29/2001, represented here by the B.V.B.A.[limited
liability company] Gert Cowé, CEO, represented here by its business manager Mr. Gert Cowé, and 2/ by the BVBA Jean-Paul Sols, COO, represented here by its business manager Mr. Jean-Paul Sols, 

hereinafter referred to as “the Lessor” 
 and 

 

	 	2.	GALAPAGOS GENOMICS N.V., established at the Generaal de Wittelaan 11A, 2800 Mechelen, represented here by Mr. O. van de Stolpe, CEO, 

hereinafter referred to as “the Lessee” 
 Is first
stated the following: 
 In a private lease agreement dated 06/30/1999, followed by the notarial lease agreement of February 21, 2001, and addendum
1 and 2 the lessee leased from the then owner, Innotech N.V. in Mechelen, 1,542 m2 of office space, plus 40 parking spaces, located in the Intercity Business Park in Mechelen-North, Generaal
de Wittelaan 11, lot 1, on the second floor, for a fixed term of 15 years, effective 06/01/2000. 
 On 06/29/2001, Innotech N.V. merged with Perifund CVA,
at which time the name was also changed to Intervest Offices N.V. 
 This having been stated, the following is agreed: 

Article 1 - Leased Property 
 In addition to the
aforementioned lease, the lessor is herewith leasing to the lessee, who accepts, the following space in the aforementioned building, on the same floor: 
  

	•	 	+/-322 m2 of office space, including part of the common spaces and 

  

	•	 	7 parking spaces 

 as shown in the attached plans 

Hereinafter referred to as “the leased property”. 

The surface areas being leased are not guaranteed in terms of more or less surface area, which shall be at the benefit or detriment of the lessee. 

 The leased property is being leased in finished state, with standard office finish; so the lessor shall be
responsible for performance of the following work: new carpet, painting of walls, peripheral cable ducts, new false ceiling and air-conditioning for open space. 

The lessee may propose possible additional items or changes, which shall be at the lessee’s expense. 

The anticipated timeframe for performance is six weeks after the lessee has made its selections known to the lessor (subject to reservation of delivery time
of any additional air-conditioning units). 
 A report of condition at handover shall be drawn up, at shared cost, by expert L. de Decker or J. De Prez,
within a month after performance of the work. 
 Article 2 – Term of the Agreement 

The aforementioned additional lease shall take effect on 12/01/2013 to end on the same date as the aforementioned notarial deed, i.e. on May 31, 2015.

 Article 3 – Rent 
 The rent for this
additionally leased space will be identical to that which is stipulated in the aforementioned notarial deed, i.e. a base rent for office space of €104.12/m2/year or presently €111.97/m2/year, and a base rent for parking spaces of €372/ps/year or presently €400.05/ps/year, or together presently €38,854.69/year or €9,713.67 payable per quarter. 

The indexing of this rent amount shall be done at the same time and in the same way as the rent stipulated in the aforementioned notarial deed. 

Article 4 - General Provision 
 Otherwise, all provisions
of the aforementioned lease agreement plus addendum 1 and 2 shall remain integrally in force, and likewise applicable to the current agreement, unless otherwise stipulated in the current agreement. 

Article 5 - Bank Guarantee 
 The lessee shall, in the
month after the realization of the condition precedent mentioned hereinafter, present to the lessor, upon first request, a new unilateral, irrevocable, abstract and transferable bank guarantee to the amount of six months’ rent, or
€89,930.34 for the previously leased portion, and to the amount of three months’ rent, or €9,713.67 for the portion being leased herewith, or in total for an amount of €99,644.01. This guarantee shall remain in effect up to six
months after expiry of the lease agreement. 
 Article 6 - Special Provisions 

In addition to what is stipulated in article 15 of the aforementioned lease agreement of 02/21/2001, it is agreed that the lessor shall not unreasonably deny
permission to sublease, e.g. if at a later time the lessee no longer needs the space leased herewith for the performance of its activities. 
 Condition
Precedent: 
 The lessee declares having been informed by the lessor of the fact that the space leased herewith is already being leased by another
tenant. The lessor is in negotiations with that tenant in order to assign it a different location, on the first floor of the same building. That tenant has stated that it has no objection to this in principle, but that the terms of such relocation
still need to be finalized. The current addendum is therefore also being concluded under the express condition precedent of conclusion between the lessor and previous tenant of an agreement for early termination of the lease for the space in
question, and the leasing of another space. 

 Therefore, absolutely no right to compensation of damages shall arise for the lessee if the aforementioned
condition precedent is not fulfilled. 
 If the above-mentioned [sic] condition is not realized within three months after the signing hereof, both parties
shall be released from all obligations emanating from the present agreement. 
 For the levying of the registration fees, the total rental costs, at the
expense of the lessee, are estimated at 5%. 
 Drawn up in triplicate in Berchem on 02/13/2004, whereby each party acknowledges having
received its own copy, and one copy is intended for registration. 
  

					
	/s/ Jean-Paul Sols		/s/ Gert Cowé		/s/ Onno van de Stolpe
	The Lessor				The Lessee
	Intervest Offices NV				Galapagos Genomics NV

 Addenda: plan of leased space + parking spaces 

Duplicate 
 [stamp:] 

Registered page no  

in Mechelen 1st Office of the registration 

On [stamp:] MARCH 24, 2004 

VOLUME 6426 page 20 section 57 

Received:            nine hundred thirty-eight Euros. 

THE RECIPIENT: thirty-four cents 

€938.34 
 For the
senior inspector, 
 The administrative assistant, 

/s/ Michèle Delcor 

[stamp:] DELCOR Michèle 

 

 
  

			
	 Flemish
	  	 English

	[text cut off]afkasting Rf = 1u	  	[text cut off]encasement FR = 1h
	deuren Rf=1/2u	  	doors FR=1/2h
	glazen wand	  	glass wall
	wand Rf=1u	  	wall FR=1h
	gesloten wand	  	closed wall
	wand Rf=1u	  	wall FR=1h
	passerelle	  	walkway
	kolomafkasting Rf=1u	  	column encasement FR=1h
	wand Rf=1u	  	wall FR=1h

 

 
  

			
	 Flemish
	  	 English

	x/deel	  	x/section
	oppervlakte gebouw 2593.45m2	  	surface area of building 2593.45m2
	oppervlakte gebouw 82[text cut off]	  	surface area of building 82[text cut off]
	VERKOCHT AAN FOSTER FAST FOO[text cut off]	  	SOLD TO FOSTER FAST FOO[text cut off]
	oppervlakte gebouw 4007.24m2	  	surface area of building 4007.24m2

 [stamp:] RECEIVED AUGUST 09, 2005 

LEASE AGREEMENT DATED 06/30/1999 and 02/21/2001 

ADDENDUM 4 – Temporary Provision for Use 

Between the undersigned: 
  

	 	1.	Intervest Offices N.V., with registered headquarters at the Uitbreidingstraat 18, 2600 Berchem (Antwerp), legal successor of Innotech N.V. by virtue of merger on 06/29/2001, represented in that place by the B.V.B.A.
[limited liability company] Gert Cowé, CEO, represented here by its business manager Mr. Gert Cowé, and 2/ by the BVBA Jean-Paul Sols, COO, represented here by its business manager Mr. Jean-Paul Sols, 

hereinafter referred to as “the Lessor” 
 and 

 

	 	2.	GALAPAGOS N.V. (formerly known as GALAPAGOS GENOMICS NV), established at the Generaal de Wittelaan 11A, 2800 Mechelen, represented here by Mr. Onno van de Stolpe, CEO, 

hereinafter referred to as “the Lessee” 
 Is first
stated the following: 
 In a private lease agreement dated 06/30/1999, followed by the notarial lease agreement of February 21, 2001, and addendum
1 and 2 [sic] the lessee leased from the then owner, Innotech N.V. in Mechelen, 1,542 m2 of office space, plus 40 parking spaces, located in the Intercity Business Park in Mechelen-North,
Generaal de Wittelaan 11, lot 1, on the second floor, for a fixed term of 15 years, effective 06/01/2000. 
 On 06/29/2001, Innotech N.V. merged with
Perifund CVA, at which time the name was also changed to Intervest Offices N.V. 
 In agreement “Addendum 3” of 02/13/2004 the lessee additionally
leased, in the same building, 322 m2 of office space plus seven parking spaces, effective 12/01/2003 and ending on 05/31/2015. 

This having been stated, the following is agreed: 

Article 1 - Leased Property 
 In addition to the
aforementioned lease, the lessor is herewith temporarily providing for use to the lessee, who accepts, the following spaces in a different building, likewise at Generaal De Wittelaan 9: 

+/-20 m2 of floor
space in a warehouse with a total area of 510 m2, (including part of the common spaces) as shown in the attached plan. 

Hereinafter referred to as “the leased property”. 

 Article 2 - Purpose/Use 

The property being provided is known by the lessee, who has visited it and requests no further description thereof, and accepts it in the state it is currently
in. The aforementioned property shall be used only as a temporary storage space and not as workspace. 
 When using it, the lessee shall obey the rules
stipulated in the internal regulations, a copy of which shall be attached hereto. 
 The Lessor is not familiar with the activity the Lessee intends to
carry out in the Property and the Lessor does not guarantee that the property meets the requirements that, if necessary, may be imposed on the activities being undertaken by the Lessee. 

The intended use of the property may not be changed by the Lessee, except with the prior, express and written consent of the Lessor, who shall at all times be
authorized to refuse such proposed change, without providing a reason, and without the Lessee for that reason obtaining any right to compensation, early termination or otherwise any allowances. 

It is expressly agreed that the Property may in no case be used for carrying out retail activities, nor for any work of an artisan in direct contact with the
public, even if the Property is being used purely as a showroom, or otherwise, so that the present lease is not and can never be governed by the law of April 30, 1951 on commercial leases. 

It is expressly agreed, acknowledged and accepted by the parties that respecting the purpose of the Property forms an essential component of the present
agreement, in absence of which the Lessor would not have entered into an agreement. If the Lessee changes the intended purpose of the Property without the consent of the Lessor, the latter mentioned shall be authorized to demand - immediately and
without prior notice - dissolution of this agreement to the detriment of the Lessee. 
 Should other parts of the 510 m2 warehouse in which the leased property is located be leased to third parties or taken into use by the Lessor, the Lessor shall inform the Lessee hereof in advance and the Lessor shall take the
necessary measures to completely divide off the space being leased by the Lessee, so that a safe storage of goods of the Lessee is guaranteed. 
 Article
3 - Term of the Agreement 
 The aforementioned additional provision of space for use shall take effect on August 1, 2005 for an indefinite
term, terminable at any time by both parties subject to registered prior notice of termination of one month. 
 Article 4 - Fee 

The fee for this provision for use is stipulated as follows: 
  

	a/	€900 per year, payable per trimester 

  

	b/	€190 per year for fixed share of duties and costs, payable per trimester 

 Or in total
€1,090 per year (excluding VAT), payable per trimester. 
 If the lease were to be terminated by one of the parties before expiry of a
complete trimester, the fee for the trimester in which the termination falls will be calculated proportionate to the actual period of use. 

 In the context of this agreement, the term “trimester” means a period of three consecutive months,
whereby the first trimester shall be the period from August 1, 2005 to October 31, 2005; the second trimester shall be the period from November 1, 2005 to January 31, 2006, and so forth. 

Article 5 - Indexing 
 This fee shall be [sic] at the same
time and in the same way as stipulated in the above-mentioned lease agreement, base index July 2005. 
 Article 6 - General Provision 

Otherwise, all provisions of the aforementioned lease agreement shall be integrally applicable to the current agreement, unless otherwise stipulated in the
current agreement. 
 Article 7 - Current State 
 Where
the state of the leased property is concerned, both parties acknowledge that it is in a good state of maintenance, according to the photos taken by the lessor on 08/01/2005, and which the lessee declares it accepts. A copy of the photos is attached
to this Addendum. 
 Article 8 - Special Provisions 

The lessor shall have the right to enter the premises at all times in order to carry out the necessary modification work or repairs, and to verify that the
provisions of the current agreement are being complied with. 
 The lessee acknowledges today having received one key for the office entrance, at the front
of the building. He agrees to use this point of access only in order to open the warehouse from the inside via the offices, and to undertake all transport of materials directly via the sectional gate of the warehouse. 

For the levying of the registration fees, the total rental costs, at the expense of the lessee, are estimated at 5%. 

Drawn up in triplicate in Berchem on August 1, 2005, whereby each party acknowledges having received its own copy, and one copy is intended for
registration. 
  

							
	/s/ Jean-Paul Sols		/s/ Gert Cowé		/s/ Onno van de Stolpe
	The Lessor				The Lessee
	Intervest Offices NV				Galapagos NV
				
					[stamp:]		 GALAPAGOS NV

      LEGAL

  

	Addendum:	plan of spaces provided for use and copies of photos 

 

 
  

			
	 Flemish
	  	 English

	 Gen. de Wittelaan 9

ex-Superflow
	  	 Gen. de Wittelaan 9
 formerly
Superflow

	Deur	  	Door
	Magazijn	  	Warehouse
	v.h.	  	exp. amt.
	Poort	  	Gate
	Kantoor	  	Office
	S	  	Sanitary facility
	cv	  	central heating
	Trap	  	Stair
	Gang	  	Hallway
	Inkom	  	Entrance
	T	  	Technical space

 [stamp:] 

LEASE AGREEMENT DATED 06/30/1999 and 02/21/2001 

ADDENDUM 5 – Lease of Warehouse Space 

Between the undersigned: 
  

	 	1.	Intervest Offices N.V., with registered headquarters at Uitbreidingstraat 18, 2600 Berchem (Antwerp), legal successor of Innotech N.V. by virtue of merger on 06/29/2001, represented in that place by Inge Tas, CFO
the B.V.B.A.[limited liability company] Gert Cowé, CEO, represented here by its business manager Mr. Gert Cowé, and 2/ by the BVBA Jean-Paul Sols, COO, represented here by its business manager Mr. Jean-Paul
Sols, 

 hereinafter referred to as “the Lessor” 

and 
  

	 	1.	GALAPAGOS N.V. (formerly known as GALAPAGOS GENOMICS NV), established at the Generaal de Wittelaan 11A, 2800 Mechelen, represented here by Mr. Onno van de Stolpe, CEO, 

hereinafter referred to as “the Lessee” 
 Is first
stated the following: 
 In a private lease agreement dated 06/30/1999, followed by the notarial lease agreement of February 21, 2001, and addendum
1 and 2 the lessee leased from the then owner, Innotech N.V. in Mechelen, 1,542 m2 of office space, plus 40 parking spaces, located in the Intercity Business Park in Mechelen-North, Generaal
de Wittelaan 11, lot 1, on the second floor, for a fixed term of 15 years, effective 06/01/2000. 
 On 06/29/2001, Innotech N.V. merged with Perifund CVA,
at which time the name was also changed to Intervest Offices N.V. 
 In agreement “Addendum 3” of 02/13/2004 the lessee additionally leased, in
the same building, 322 m2 of office space plus seven parking spaces, effective 12/01/2003 and ending on 05/31/2015. 

In addendum 4 of 08/01/2005 the lessor provided to the lessee, for temporary use, +/-20 m2 of floor
space in a larger warehouse located at Gen. De Wittelaan 9. 
 This having been stated, the following is agreed: 

Article 1 - Leased Property 
 In addition to the
aforementioned lease, the lessor is herewith leasing to the lessee, who accepts, the following space, located in Mechelen, Generaal De Wittelaan 11A, amongst the already leased office space: 

+/-100 m2 of
warehouse space, as shown on the attached plan. 

 Hereinafter referred to as “the leased property”. 

The surface areas being leased are not guaranteed in terms of more or less surface area, which shall be at the benefit or detriment of the lessee. 

The costs for setting up and any modification of the aforementioned warehouse, as well as for creating a passageway to the stairwell located in the section
already being leased by the lessee, shall be completely at the expense of the lessee. 
 Article 2 - Purpose/Use 

The property being provided for use is known by the lessee, who has visited it and requests no further description thereof, and accepts it in the state it is
currently in. The aforementioned property shall be used only as storage space and not as workspace or production space. 
 Article 3 - Term of the
Agreement 
 The aforementioned additional lease shall take effect on March 1, 2006 and will end on the same date as the aforementioned
notarial deed, i.e. May 31, 2015. 
 Article 4 - Rent 

The rent is stipulated at €45/m2/year, or €4,500/year, or €1,125/quarter
(hereinafter referred to respectively as the “Annual rent” and the “Trimestral rent”). 
 The Trimestral Rent shall be payable in
advance in Euros by January 1, April 1, July 1 and October 1 of each year, to account number 310-1658419-96 or any other account number to
be provided to the Lessee by the Lessor and in a currency that is accepted in Belgium. Any banking costs shall be at the expense of the lessee. 
 The
indexing of this rent amount shall be done at the same time and in the same way as the indexation of the rent, as stipulated in the aforementioned notarial deed, with base index January 2006. 

Article 5 - Current State 
 A report of condition upon
commencement shall be drawn up, at shared costs, by expert L. De Decker or J. De Prez, at the latest within the month after commencement of the current agreement. 

Article 6 - Bank Guarantee 
 The lessee shall, within the
month after the signing of the current agreement, present to the lessor, upon first request, a new (or modification of the existing) unilateral, irrevocable, abstract and transferable bank guarantee, to the amount of €99,644.01 for the
previously leased portions, and to the amount of six months’ rent, or €2,250 for the portion being leased herewith, or in total for an amount of €101,894.01. This guarantee shall remain in effect up to six months after expiry of the
lease agreement. 

 Article 7 - General Provision 

Otherwise, all provisions of the aforementioned lease agreement and addenda shall remain integrally in force, and also applicable to the current agreement,
unless otherwise stipulated in the current agreement. 
 Article 8 - Early Termination 

It is herewith also agreed to terminate early the agreement “Addendum 4 - Temporary Provision for Use” of 08/01/2005, effective 02/28/2006. 

For the levying of the registration fees, the total rental costs, at the expense of the lessee, are estimated at 5%. 

Drawn up in triplicate in Berchem on MARCH 3, 2006, whereby each party acknowledges having received its own copy, and one copy is intended for
registration. 
  

							
	/s/ Jean-Paul Sols		/s/ Inge Tas		/s/ Onno van de Stolpe
	The Lessor				The Lessee
	Intervest Offices NV				Galapagos NV
			
					            [stamp:]

  

	Addendum:	plan of leased space 

 [stamp:] 

Registered [three] page(s) no  

in Mechelen 1st Office of the registration 

On [stamp:] JUNE 26, 2006 

VOLUME 62/33 page 01 section 108 

Received: Eighty-six Euros and sixty-three cents 

THE RECIPIENT: 

€86.63 
 For the
senior inspector, 
 The administrative assistant, 

/s/ Michèle Delcor 

[stamp:] DELCOR Michèle 

 

 
  

			
	 Flemish
	  	 English

	Gebouw 11 A, gelijkvloers	  	Building 11 A, first floor
	Nieuw Trap	  	New Stair
	Technische ruimte 1	  	Technical room 1
	Sanitair heren	  	Men’s bathroom
	Sanitair dames	  	Women’s bathroom
	Inkomhal	  	Entry hall
	Centrale inkomhal	  	Main entry hall
	Kantoorruimte	  	Office space
	Keuken	  	Kitchen
	Bergplaats	  	Storage space
	Sanitair	  	Sanitary facilities
	Magazijn	  	Warehouse
	Kantoorruimte	  	Office space
	(incl. sanitair + bergplaats + keuken)	  	(incl. sanitary + storage space + kitchen)

 [stamp:] RECEIVED 2007 

LEASE AGREEMENT DATED 06/30/1999 and 02/21/2001 

ADDENDUM 6 – Lease of Additional Warehouse Space 

Between the undersigned: 
  

	 	1.	Intervest Offices N.V., with registered headquarters at Uitbreidingstraat 18, 2600 Berchem (Antwerp), represented in that place by 1/ the BVBA [limited liability company] Jean-Paul Sols, CEO, represented here by its
business manager Mr. Jean-Paul Sols, and by 2/ Ms. Inge Tas, CFO 

 hereinafter referred to as “the Lessor” 

and 
  

	 	1.	GALAPAGOS N.V., established at the Generaal de Wittelaan 11A, 2800 Mechelen, represented here by Mr. Onno van de Stolpe, CEO, 

hereinafter referred to as “the Lessee” 
 Is first
stated the following: 
 In a private lease agreement dated 06/30/1999, followed by the notarial lease agreement of February 21, 2001, and addendum
1 and 2 the lessee leased from the then owner, Innotech N.V. in Mechelen, 1,542 m2 of office space, plus 40 parking spaces, located in the Intercity Business Park in Mechelen-North, Generaal
de Wittelaan 11, lot 1 (known as number L11 A3), on the second floor, for a fixed term of 15 years, effective 06/01/2000. 
 On 06/29/2001, Innotech N.V.
merged with Perifund CVA, at which time the name was also changed to Intervest Offices N.V. 
 In agreement “Addendum 3” of 02/13/2004 the lessee
additionally leased, in the same building, 322 m2 of office space plus seven parking spaces, effective 12/01/2003 and ending on 05/31/2015. 

In addendum 4 of 08/01/2005 the lessor provided to the lessee, for temporary use, +/-20 m2 of floor
space in a larger warehouse located at Gen. De Wittelaan 9. 
 In addendum 5 of 03/23/2006, the lessee additionally leased +/- 100 m2 of floor space in a larger warehouse located at Gen. De Wittelaan L11A3 in Mechelen. 
 The temporary
provision of use of space of addendum 4 was then terminated as a result. 

 This having been stated, the following is agreed: 

Article 1 - Leased Property 
 In addition to the
aforementioned lease, the lessor is herewith leasing to the lessee, who accepts, the following space, located in Mechelen, Generaal De Wittelaan L11A A3, amongst the already leased office space and in addition to the already leased warehouse space:

 +/-213 m2 of
warehouse space, as shown on the attached plan that is being attached as exhibit 1 to this Addendum 6 
 Hereinafter referred to as “the leased
property”. 
 The surface areas being leased are not guaranteed in terms of more or less surface area, which shall be at the benefit or detriment of
the lessee. 
 The costs for creating the separation, creating the additional access and the necessary modifications to the existing warehouse (according to
the attached plan) shall be completely at the expense of the lessee. 
 The lessor shall have to give its written approval of the submitted plans/offers in
advance, however, where the creation of the warehouse with an additional exterior door is concerned. Such approval shall not be unreasonably denied. 

Article 2 - Purpose/Use 
 The property being provided for
use is known by the lessee, who has visited it and requests no further description thereof, and accepts it in the state it is currently in, taking into consideration the notes in the report of condition (see article 5 below). 

The aforementioned property shall only be able to be used as storage space, office space and/or laboratory space (NMR) as per the attached plan. 

The parking spaces already currently being leased are intended for passenger cars and small commercial vans only. It is expressly forbidden to store goods
there or wash or service a vehicle there. However the lessee does have the right to use at most two (2) adjacent parking spaces for placement of small waste containers, on the condition it involves parking spaces that are located at the rear of
the building and the containers are properly maintained and tidy. 
 Article 3 - Term of the Agreement 

The aforementioned additional lease shall take effect on February 1, 2007 and end on the same date as the aforementioned notarial deed, i.e.
May 31, 2015. 
 Article 4 - Rent 
 The
(additional) rent for the warehouse space is stipulated at €45/m2/year, or €9,585/year, or €2,396.25/quarter (hereinafter referred to respectively as the “Annual
rent” and the “Trimestral rent”). 
 The Trimestral Rent shall be payable in advance in euros by
January 1, April 1, July 1 and October 1 of each year, to account number 310-1658419-96 or any other account number to be provided to the
Lessee by the Lessor and in a currency that is accepted in Belgium. Any banking costs shall be at the expense of the lessee. 
 The indexing of this rent
amount shall be done at the same time and in the same way as the indexation of the rent, as stipulated in the aforementioned notarial deed, i.e. on June 1 of each year, with base index January 2007. 

 Article 5 - Current State 

A report of condition upon commencement shall be drawn up, at shared costs, by expert L. De Decker or J. De Prez, at the latest within the month after
commencement of the current agreement, but before the performance of any modification work. 
 Article 6 - Bank Guarantee 

The lessee shall, within the month after the signing of the current agreement, do what is necessary in order to increase the existing bank guarantee by an
amount equal to six months’ rent or €4,792.50. This guarantee must remain in effect up to six months after expiry of the lease agreement, unless the lessor and lessee mutually agree to a shorter period. 

Article 7 - General Provision 
 Otherwise, all provisions
of the aforementioned lease agreement and its addenda shall remain integrally in effect, and also applicable to the current agreement, unless otherwise stipulated in the current agreement. 

For the levying of the registration fees, the total rental costs, at the expense of the lessee, are estimated at 5%. 

Drawn up in triplicate in Berchem on 02/06/2007, whereby each party acknowledges having received its own copy, and one copy is intended for
registration. 
  

							
	/s/ Inge Tas		/s/ Jean-Paul Sols		/s/ Onno van de Stolpe
	The Lessor				The Lessee
	Intervest Offices NV				Galapagos NV

 Addendum 1: plan of leased space 

 

 
  

			
	 Flemish
	  	 English

	 BIJLAGE 1
	  	ADDENDUM 1
	 KEUKEN
	  	KITCHEN
	 SANITAIR
	  	SANITARY FACILITIES
	 Technische Ruimte
	  	Technical Space
	 Kolomafkasting Rf = 1u
	  	Column encasement FR=1h

 Intervest Offices NV/Galapagos NV 

Addendum 7 (January 2008) 
 LEASE AGREEMENT
DATED 06/30/1999 and 02/21/2001 
 ADDENDUM 7 – Addition of office and reception area space 

on first floor 
 Between the
undersigned: 
  

	 	1.	INTERVEST OFFICES N.V., with registered headquarters at Uitbreidingstraat 18, 2600 Berchem (Antwerp), represented in that place by 1/ the BVBA [limited liability company] Jean-Paul Sols, CEO, represented here by
its business manager Mr. Jean-Paul Sols and 2/ Ms. Inge Tas, CFO; 

 hereinafter referred to as “the Lessor” 

and 
  

	 	2.	GALAPAGOS NV, (formerly known as GALAPAGOS GENOMICS NV), established at the Generaal de Wittelaan L11 A3, 2800 Mechelen, represented here by Mr. Onno van de Stolpe, CEO; 

hereinafter referred to as “the Lessee” 
 Is first
stated the following: 
 In a private lease agreement dated 06/30/1999, followed by the notarial lease agreement of February 21, 2001, and addendum
1 and 2 the lessee leased from the then owner, Innotech N.V. in Mechelen, 1,542 m2 of office space, plus 40 parking spaces, located in the Intercity Business Park in Mechelen-North, Generaal
de Wittelaan L11 A3, lot 1, on the second floor, for a fixed term of 15 years, effective 06/01/2000. 
 On 06/29/2001, Innotech N.V. merged with Perifund
CVA, at which time the name was also changed to Intervest Offices N.V. 
 In Addendum 3 of 02/13/2004 the lessee additionally leased, in the same building,
322 m2 of office space plus seven parking spaces, effective 12/01/2003 and ending on 05/31/2015. 

In addendum 4 of 08/01/2005 the lessor provided to the lessee, for temporary use, +/-20 m2 of floor
space in a larger warehouse located at Gen. De Wittelaan 9. 
 In addendum 5 of 03/23/2006 the provision for use according to addendum 4 was terminated
early, and the lessee additionally leased a +/- 100 m2 warehouse space in the same building Gen. De Wittelaan L11 A3 in Mechelen. 

In addendum 6 of 02/06/2007, the lessee additionally leased, in the same building, +/- 213 m2 of
warehouse space. 

 Intervest Offices NV/Galapagos NV 

Addendum 7 (January 2008) 
 This having been stated, the
following is agreed: 
 Article 1 – Leased property 

In addition to the aforementioned lease, the lessor is herewith leasing to the lessee, who accepts, the following space, in the same building located in
Mechelen, Generaal De Wittelaan 11A, on the first floor: 
  

	 	•	 	+/- 467 m2 of office space, and +/- 46 m2 of sanitary facility
space, or together +/- 513 m2 gross, including part of the common spaces;- 

  

	 	•	 	+/- 116 m2 gross reception area space, including part of the common spaces; 

 

	 	•	 	+/- 27 m2 storeroom  

  

	 	•	 	12 permanent parking spaces and 12 temporary parking spaces 

 as shown in the attached plan
(Addendum 1), and for the parking spaces the layout plan still to be drawn up by the parties, which shall be attached to this agreement as Addendum 2 within six (6) weeks after the taking effect of this
agreement. 
 Hereinafter referred to as “the leased property”. 

The surface areas being leased are not guaranteed in terms of more or less surface area, which shall be at the benefit or detriment of the lessee. 

Article 2 - Term of the agreement. 
 The present Addendum
7 shall take effect on January 1, 2008 and end on the same date as the aforementioned initial notarial lease, i.e. May 31, 2015. 

Article 3 - Rent 
 The rent is stipulated as follows: 

 

	 	•	 	The rent per m2 for these additionally leased office spaces and sanitary facility spaces shall be identical to that which is stipulated in the aforementioned notarial
deed, i.e. base rent for offices €104.12/m2/year (base index 125.08), or currently €120.28/m2/year x 513 m2 = €61,703.64/year.  

  

	 	•	 	The rent per m2 for the reception area space with shall be identical to that which is stipulated in the aforementioned addendum 5 of 03/23/2006, i.e. base rent
€45/m2/year (base index 141.04), or currently
 €45.18/m2/year x 116 m2 =
€5,240.88/year.  

  

	 	•	 	The rent for the permanent parking spaces shall be €450.00/space/year x 12 spaces = €5,400/year. 

  

	 	•	 	The rent for the temporary parking spaces shall be €450/space/year x 12 spaces = €5,400/year. 

or all together €77,744.52/year or €19,436.13/quarter. 

The indexing of this rent amount shall be done at the same time and in the same way as the rent stipulated in the aforementioned notarial deed, i.e. on
June 1 of each year. 

 Intervest Offices NV/Galapagos NV 

Addendum 7 (January 2008) 
 The trimestral rent shall be payable
in advance by January 1, April 1, July 1 and October 1 of each year, to the account number
 310-1658419-96 of the lessor or any other account number to be provided to the lessee by the lessor, and in Euros. Any
banking costs for the transfer shall be at the expense of the lessee. 
 Article 4 - Description of the leased property 

The leased property is known by the lessee, who has visited it and requests no further description thereof, and who accepts it in the basic shell condition it
will brought into by the lessor, at its expense, at the latest within three weeks after receipt by the lessor of the signed copies of the present addendum 7. 

The lessor shall thus perform the work as described in the attached list (Exhibit 3): 

The leased space is exclusively intended to be used as office space (including a server location as necessary) and reception area space. 

The parking spaces are exclusively intended for passenger cars and small commercial vans. It is expressly forbidden to store goods there or wash or service a
vehicle there. However the lessee does have the right to use at most two (2) adjacent parking spaces for the placement of small waste containers, on the condition it involves parking spaces that are not located on the side of the main entrance
of the building and that the containers are properly maintained and tidy. These spaces are to be determined in consultation with the lessor, in all fairness, keeping in mind the esthetics of the office park. 

Article 5 - Current state 
 A report of condition upon
commencement shall be drawn up, at shared costs, by expert L. De Decker or M. Bernaerts, within the week after performance of the work by the lessor, as provided in article 4 of the present Addendum 7. 

Article 6 - Bank guarantee 
 The lessee shall, within the
month after the signing of the present Addendum 7, present to the lessor, upon first request, a new (or modification of the existing) unilateral, irrevocable, abstract and transferable bank guarantee, to the amount of six months’ rent for the
totality of the leased properties. This guarantee must remain in effect up to six months after expiry of the part of the lease agreement to which this Addendum 7 pertains, unless the lessor and lessee mutually agree to a shorter period. 

Article 7 - Parking spaces 
 Based on the lease agreement
of June 30, 1999 and the addenda numbers 1 through 6 to the aforementioned lease agreement and the present addendum 7, the lessee now leases a total of 59 permanent parking spaces from the lessor, and also 12 temporary parking spaces. Where the
temporary parking spaces are concerned, it has been agreed that they may be canceled at any time by the lessor and/or by the lessee, subject to prior notice of one month, by the end of any month, and to the extent this is necessary for leasing the
still available office spaces in the building in which the lessee is established. 

 Intervest Offices NV/Galapagos NV 

Addendum 7 (January 2008) 
 The lessor shall ensure a reasonable
distribution and spacing of the permanent parking spaces located in front of the main entrance of the building, in such a way that the lessee will have at minimum four permanent parking spaces to use close to the main entrance. The parties shall
work out a solution regarding this within a reasonable timeframe. 
 Article 8 - Commercial contribution to the rent by the lessor 

Under the present Addendum 7 the lessor is granting to the lessee a total commercial discount of 79,200 Euros. This discount shall be: 1°) used by the
lessor, to the amount of 36,630 Euros, to enlarge and renovate the sanitary facilities, which at the request of the lessee shall no longer be shared with other users of the building, but that hence privately forms an integral part of the spaces
leased below; and 2°) counted against the rent as follows, to the amount of 42,570 Euros: 
 1/ For the period from 01/01/2008 to 03/31/2008 no rent
shall have to be paid by the lessee for the spaces leased in this Addendum 7 (with exception of the parking spaces). For informational purposes: this temporary exemption from rent represents a total value of €16,737.13. 

2/ For the period from 04/01/2008 to 12/31/2008 the lessor shall furnish a credit to the lessee for the second, third and fourth calendar quarter of 2008
together with the invoice for the rent of the quarter in question, which credit shall be deductible from such invoice. The amount of such a credit shall be 8,611.29 Euros per quarter. 

Starting 01/01/2009 the rent for the leased spaces shall be owed integrally without discount. 

Article 9 - Performance of alteration work by the lessee 

The lessor herewith grants permission to the lessee to perform the work mentioned below, at its own expense and sole responsibility, in accordance with the
rules of the art, as per the plans attached hereto (Exhibit 4). Subject to approval of the lessor, these plans may be altered, at the request of the lessee, if necessary, whereby it has been agreed, however, that for noninvasive
alterations of these plans no prior new approval from the lessor shall be required. 
  

	 	•	 	Creation of a kitchen unit at the back of the reception area space; 

  

	 	•	 	Modification of reception area space with storage/desk and installation of an additional stair and platform, with passageway to the adjacent offices; 

 

	 	•	 	Creation of office space (marked in plan as “commercial space”); 

  

	 	•	 	In general, performance of the necessary alteration work, in order to make the leased spaces ready to be used, in accordance with the standard instructions for interior furnishing work as described in Exhibit
5. 

 Article 9 - Return of the leased property 

Unless agreed otherwise, at the end of the lease the lessee shall be required to return the leased property in basic shell condition as delivered by the lessor
upon commencement of the lease, taking into account normal wear and tear, and as stated in the attached table “Requirements for refurbishment at End of lease” (Exhibit 6). 

 Intervest Offices NV/Galapagos NV 

Addendum 7 (January 2008) 
 Article 10 - General Provision

 Otherwise, all provisions of the aforementioned lease agreement of 06/30/1999 and addenda 1 through 6 shall remain integrally in force, and also
applicable to the current agreement, unless otherwise stipulated in the current agreement. 
 For the levying of the registration fees, the total lease
costs, at the expense of the lessee, are estimated at 5%. 
 Drawn up in triplicate in Berchem on 01/31/2008, whereby each party acknowledges
having received its own copy, and one copy is intended for registration. 
  

					
	The Lessor		The Lessee		
	Intervest Offices NV,		Galapagos NV,		
			
	/s/ Jean-Paul Sols		/s/ Onno van de Stolpe		/s/ Leo Steenbergen
	/s/ Inge Tas				
			
			Onno van de Stolpe		Leo Steenbergen
			CEO		CFO
			
					 [stamp:] GALAPAGOS NV

               LEGAL

  

			
	Exhibit 1:		plan of leased space
	Exhibit 2:		layout plan for parking spaces
	Exhibit 3:		list of demolition work to be performed by lessor
	Exhibit 4:		plan of permitted work
	Exhibit 5:		interior furnishing work instructions
	Exhibit 6:		requirements for refurbishment at end of lease

 *** 

 

 
  

			
	 Flemish
	  	 English

	 Bijlage 1
	  	Addendum 1
	 Opdrachtgever:
	  	Client

 Intervest Offices NV/Galapagos NV 

Addendum 7 (January 2008) 
 Exhibit 3 

Exhibit 3 – List of work to performed by the lessor 

1. Relocation of fire hose 
 2. Disassembly of existing VRF system

 3. Installation of separation wall 
 4. Dismantling of
windowsills, curtain cabinets and sunblinds 
 5. Dismantling of ramp on inside of double emergency door 

6. Finishing of painting of fire hose in toilets 

  
 

 
  

			
	Flemish		English
	Bijlage 4(a) (gelijkvloers)		Addendum 4(a) (first floor)
	VOORSTEL 11A		PROPOSAL 11A
	23/01/2008		01/23/2008
	glazen wand		glass wall
	h verhoogd plafond		heightened ceiling
	DRANKECONOMAAT		DRINKS MACHINE
	BERGING		STORAGE

 

 
  

			
	 Flemish
	  	 English

	 Bijlage 4(a) (verdieping)
	  	Addendum 4(b) (second floor)
	 KANTOREN
	  	OFFICES
	 VOORONTWERP
	  	PRELIMINARY DRAFT
	 Sanitair heren
	  	Men’s sanitary facilities
	 SCHAAL
	  	SCALE
	 Sanitair dames
	  	Women’s sanitary facilities
	 Secretariaat
	  	Secretariat
	 Ingang
	  	Entrance
	 Vestiaire
	  	Vestibule
	 Directie
	  	Management
	 EERSTE VERDIEPING
	  	SECOND FLOOR
	 ARCHIEF
	  	ARCHIVES
	 Vergaderzaal
	  	Meeting room
	 ANALYSELABO
	  	ANALYTICAL LABORATORY
	 Koffie-keuken
	  	Coffee kitchen
	 Berging
	  	Storeroom
	 VERGADERZAAL LABORANTEN
	  	LAB WORKER MEETING ROOM
	 Kleding heren
	  	Men’s dressing room
	 Kleding dames
	  	Women’s dressing room

 Lease contract Intervest-Galapagos 

Addendum 7 (January 2008) 
 Exhibit 5 

In follow-up to your request for the SETTING-UP OF NEW OFFICES WITH RECEPTION AREA AND INSTALLATION OF STAIRS we are herewith giving you a positive
answer, under the following conditions: 
  

	•	 	The installation must be carried out in accordance with the rules of the art and in compliance with the governing laws and ordinances, completely at the expense and accountability of the lessee; any authorizations
and/or permits must be requested by the lessee and at its sole responsibility. 

  

	•	 	The work must be carried out in accordance with the plans attached hereto (Exhibit 4). These plans may be altered, subject to the lessor’s approval, at the request of the lessee, if necessary, whereby it has been
agreed, however, that no prior new approval from the lessor shall be required for non-invasive alterations of these plans. 

  

	•	 	No damage to the building and minimal inconvenience to the neighbors may be caused. 

  

	•	 	At the end of the lease everything must be returned to its original basic shell condition, unless the owner chooses to keep the changes without compensation, in accordance with the lease contract. 

 

	•	 	The lessee shall be responsible for all possible reasonable and necessary supplementary costs for maintenance to the building caused by the installation of the respective system. 

*** 

 Lease contract Intervest-Galapagos 

Addendum 7 (January 2008) 
 Exhibit 6 

Exhibit 6 Requirements for Refurbishment by Galapagos at End of Lease (basic shell condition) 

Electric board for offices + inspection + single wire diagram. 

Electric board for atrium + inspection + single wire diagram. 

VRF system (cooling + heating of office space on independent system). 

Sanitary facilities for women and men (as completely set up by Intervest at start of Addendum 7). 

Kitchenette (as set up according to Galapagos plans). 
 The
above-mentioned technical systems must be delivered in normal working order. 

 Intervest Offices NV/Galapagos NV 

LEASE AGREEMENT DATED 06/30/1999 and 02/21/2001 

ADDENDUM 8 – Addition of office space on first floor 

Between the undersigned: 
  

	 	1.	INTERVEST OFFICES N.V., with registered headquarters Uitbreidingstraat 18, 2600 Berchem (Antwerp), represented in that place by 1/ the BVBA [limited liability company] Jean-Paul Sols, CEO, represented here by its
business manager Mr. Jean-Paul Sols and 2/ Ms. Inge Tas, CFO; 

 hereinafter referred to as “the Lessor” 

and 
  

	 	2.	GALAPAGOS NV (formerly known as GALAPAGOS GENOMICS NV), established Generaal de Wittelaan L11 A3, 2800 Mechelen, represented here by Mr. Onno van de Stolpe, CEO; 

hereinafter referred to as “the lessee” 
 Is first
stated the following: 
 In a private lease agreement dated 06/30/1999, followed by the notarial lease agreement of February 21, 2001, and addendum
1 and 2 the lessee leased from the then owner, Innotech N.V. in Mechelen, 1,542 m2 of office space, plus 40 parking spaces, located in the Intercity Business Park in Mechelen-North, Generaal
de Wittelaan L11 A3, lot 1, on the second floor, for a fixed term of 15 years, effective 06/01/2000. 
 On 06/29/2001, Innotech N.V. merged with Perifund
CVA, at which time the name was also changed to Intervest Offices N.V. 
 In agreement Addendum 3 of 02/13/2004 the lessee additionally leased, in the same
building, 322 m2 of office space plus seven parking spaces, effective 12/01/2003 and ending on 05/31/2015. 

In addendum 4 of 08/01/2005 the lessor provided to the lessee, for temporary use, +/-20 m2 of floor
space in a larger warehouse located at Gen. De Wittelaan 9. 
 In addendum 5 of 03/23/2006 the provision for use according to addendum 4 was terminated
early, and the lessee additionally leased a +/- 100 m2 warehouse space in the same building Gen. De Wittelaan L11 A3 in Mechelen. 

In addendum 6 of 02/06/2007, the lessee additionally leased, in the same building, +/-213 m2 of
warehouse space. 
 In addendum 7 of 08/31/2008, the lessee additionally leased, in the same building, +/- 513
m2 of office and sanitary facility space,
 +/- 116 m2 of reception area space, +/- 27 m2 of storage space, and 24 parking spaces. 

 Intervest Offices NV/Galapagos NV 

This having been stated, the following is agreed: 

Article 1 - Leased property 
 In addition to the
aforementioned leases, the lessor herewith leases to the lessee, who accepts, the following space, in the same building located in Mechelen, Generaal De Wittelaan 11A, on the first floor: /- 716 m2 of office space with private kitchen, including part of the common areas, as marked 0/A and shaded dark on the attached plan (Exhibit 1). 

Hereinafter referred to as “the leased property”. 

The surface areas being leased are not guaranteed in terms of more or less surface area, which shall be at the benefit or detriment of the lessee. 

Article 2 - Term of the Agreement. 
 The present Addendum
7 shall take effect on July 1, 2009 and end on the same date as the aforementioned initial notarial lease, i.e. May 31, 2015. 

Moreover, the lessee shall have the possibility to cancel the herewith additionally leased space, by the end of the third year, i.e. by June 30, 2012,
provided this is done so by registered notice of cancellation to the lessor at the latest three months before the same date, i.e. at the latest March 31, 2012. 

Furthermore, the lessee shall have the possibility to cancel the herewith additionally leased space, at any time as of the commencement of this Addendum 8,
provided this is done so by giving notice of cancellation of three months by registered letter addressed to the lessor, and on the condition that the lessee leases a space of at least the same surface area as that being leased with this Addendum 8,
in the buildings that are being leased on the date of this Addendum 8 by the lessor to Virco/Tibotec at Generaal De Wittelaan in Mechelen. 
 Article 3 -
Rent 
 The rent shall be €95/m2/year or 68,020 m2/year, or €17,005/quarter. 
 The indexing of this rent amount shall be done at the same time and
in the same way as the rent stipulated in the aforementioned notarial deed, base index June 2009. 
 Article 4 - Current State 

A report of condition upon commencement shall be drawn up, at shared costs, by expert L. De Decker or M. Bernaerts, within the month after the signing of the
present contract. 

 Intervest Offices NV/Galapagos NV 

Article 5 - Bank Guarantee 
 The lessee shall, within the
month after the signing of the present Addendum 8, present to the lessor, upon first request, an additional (or modification of the existing) unilateral, irrevocable, abstract and transferable bank guarantee, whereby for these additionally leased
properties a guarantee to the amount of four months’ rent shall be furnished. This guarantee must remain in effect up to six months after expiry of the part of the lease agreement to which this Addendum 8 pertains. 

Article 6 - Commercial contribution to the rent by the lessor 

The lessor is granting to the lessee a total commercial discount on the rent to the amount of 37.50% of the rent for the herewith additionally leased space,
for 12 months as of the commencement of the present lease contract. During this period the rent shall hence be reduced to €59.38/m2/year for the 716 m2 of leased surface area, or to €42,516.08/year or €10,629.02/quarter. 
 For the period from
07/01/2009 to 06/30/2010 the lessor shall each quarter furnish a credit to the lessee together with the invoice for the rent of the quarter in question, which credit shall be deductible from such invoice. The amount of the credit shall be
€6,375.98 per quarter. 
 Starting 07/01/2010 the rent for the leased spaces shall be owed integrally without discount. 

Article 7 - Performance of work by the lessor 
 The lessor
shall have the following work done at its own expense, at the latest within the month after the taking of effect of the present addendum: 
  

	 	•	 	shampooing of the existing stains on the carpet 

  

	 	•	 	washing off or repainting of soiled spots on the walls 

 Article 8 - Return of the leased property 

Unless agreed otherwise, at the end of the lease the lessee shall be required to return the leased property in basic shell condition as delivered by lessor
upon commencement of the lease, taking into account normal wear and tear. 
 Article 9 – General Provision 

Otherwise, all provisions of the aforementioned lease agreement of 06/30/1999 and addenda 1 through 7 shall remain integrally in force, and also applicable to
the current agreement, unless otherwise stipulated in the current agreement. 
 For the levying of the registration fees, the total lease costs, at the
expense of the lessee, are estimated at 5%. 
 Drawn up in triplicate in Berchem on July 14, 2009, whereby each party acknowledges having
received its own copy, and one copy is intended for registration. 

 Intervest Offices NV/Galapagos NV 
  

			
	/s/ Jean-Paul Sols /s/ Inge Tas		/s/ Onno van de Stolpe
		
	The Lessor		The Lessee
	Intervest Offices NV		Galapagos NV
			Onno Van De Stolpe, CEO

 [stamp:] GALAPAGOS NV 

LEGAL 
 Exhibit 1: plan of leased space 

[stamp:] 
 Registered,
Mechelen 2nd office 
 on [stamp:] SEP. 15, 2009 

four page(s) no Dispatch(es) 

VOLUME 62 24 Page 29 Section 24 

Received: nine hundred and thirty-four Euros 

and forty-four cents Recipient 

(934.44) 

 Addendum 1 to Addendum 8 

 
 

 
 [stamp:] 

Registered, Mechelen 2nd office 

on [stamp:] SEP. 15, 2009 

one page(s) no Dispatch(es) 

VOLUME 62 24 Page 29 Section 24b 

Received: [stamp:] twenty-five Euros 

..................................The Recipient 

/s/ M.R. Van Vlasselaer 

[stamp:] M.R. VAN VLASSELAER 

 Intervest Offices NV/Galapagos NV 

Addendum 9 (September 2011) 
 LEASE
AGREEMENT DATED 06/30/1999 and 02/21/2001 plus addenda 
 ADDENDUM 9: PARTIAL EARLY TERMINATION OF LEASE - 

ADDITIONAL LEASE — LEASE EXTENSION 

Between the undersigned: 
  

	 	1.	INTERVEST OFFICES N.V., with registered headquarters at Uitbreidingstraat 18, 2600 Berchem (Antwerp), represented in that place by 1/ the BVBA [limited liability company] Jean-Paul Sols, CEO, represented here by
its business manager Mr. Jean-Paul Sols and 2/ Ms. Inge Tas, CFO; 

 hereinafter referred to as “the Lessor” 

and 
  

	 	2.	GALAPAGOS NV (formerly known as GALAPAGOS GENOMICS NV), established at the Generaal de Wittelaan L11 A3, 2800 Mechelen, represented here by Mr. Onno van de Stolpe, CEO; 

hereinafter referred to as “the Lessee” 
 Is first
stated the following: 
 In a private lease agreement dated 06/30/1999, followed by the notarial lease agreement of 02/21/2001, and addendum 1 and 2 the
Lessee leased from the then owner, Innotech N.V. in Mechelen, 1,542 m2 of office space, plus 40 parking spaces, located in the Intercity Business Park in Mechelen-North, Generaal de Wittelaan
L11 A3, lot 1, on the second floor, for a fixed term of 15 years, effective 06/01/2000 and ending on 05/31/2015. 
 On 06/29/2001, Innotech N.V. merged with
Perifund CVA, at which time the name was also changed to Intervest Offices N.V. 
 In agreement “Addendum 3” of 02/13/2004 the Lessee additionally
leased, in the same building, 322 m2 of office space plus seven parking spaces, effective 12/01/2003 and ending on 05/31/2015. 

In addendum 4 of 08/01/2005 the Lessor provided to the Lessee, for temporary use, ± 20 m2 of
floor space in a larger warehouse located at Gen. De Wittelaan 9 in Mechelen. 
 In addendum 5 of 03/23/2006 the provision for use according to addendum 4
was terminated early, and the Lessee additionally leased a ± 100 m2 warehouse space in the same building Gen. De Wittelaan L11 A3 in Mechelen, effective 03/01/2006 and ending on
05/31/2015. 
 In addendum 6 of 02/06/2007, the Lessee additionally leased, in the same building, +/-213
m2 of warehouse space, effective 02/01/2007 and ending on 05/31/2015. 
 In addendum 7 of
08/31/2008, the Lessee additionally leased, in the same building, ± 513 m2 of office and sanitary facility space, ± 116
m2 of reception area space, ± 27 m2 of storage space, and 24 parking spaces, effective 01/01/2008 and ending on 05/31/2015.

 In addendum 8 of 07/14/2009 the Lessee additionally leased, in the same building, ± 716
m2 of office space with private kitchen, effective 07/01/2009 and ending on 05/31/2015. 

 The Lessee therefore has in lease today 3,093 m2 of
office space, 116 m2 of reception area space, 340 m2 of storage space, and 71 outside parking spaces, with a current annual rent of
€432,446.96. 
 This having been stated, the following is agreed: 

A / PARTIAL EARLY TERMINATION OF THE LEASE 
 The
parties agree to terminate early the lease of the 716 m2 of office space with private kitchen, leased in addendum 8 of 07/14/2009, marked as unit 0/A and shaded yellow in the attached plan
(Addendum 1), effective September 16, 2011. 
 The total annual rent for all spaces being leased by the Lessee shall therefore be reduced
by €71,390.70 as of September 16, 2011. 
 The keys to the leased property will be handed over to the Lessor after the drawing up of the property
description upon commencement, in conformance with the provisions of the aforementioned lease contract, which shall occur by September 16, 2011. 

B/ ADDITIONAL LEASE 
 Article 1 - Leased
property 
 The Lessor herewith leases to the Lessee, who accepts, the following space, in the same building located in Mechelen, Generaal De Wittelaan
11A, on the first floor, ± 458 m2 of office space, including part of the common spaces, as marked as unit 0/H and
shaded yellow in the attached plan (Exhibit 1). 
 Hereinafter referred to as “the leased property”. 

The surface areas being leased are not guaranteed in terms of more or less surface area, which shall be at the benefit or detriment of the Lessee. 

Article 2 - Term of the agreement. 
 The present
additional lease took effect on September 16, 2011 and will end on May 31, 2024. 
 Only the Lessee shall have the right to
terminate the extended contract early, as per 05/31/2020, provided this is done so by registered notice of cancellation of at least 12 months in advance. 

Article 3 - Rent 
 The rent shall be
€95/m2/year or €43,510/year, or €10,877.50/quarter. 
 The indexing of this rent amount
shall be done at the same time and in the same way as the rent stipulated in the aforementioned notarial deed, base index June 2009 (125.72). 
 The current
rent is therefore 43,510 x 132.46/125.72 = €45,842.62 per year. 
 Article 4 – Condition of the Leased Property - Current State 

A report of condition upon commencement shall be drawn up, at shared costs, by expert M. Bernaerts, within the month after the signing of the present contract.

 The Lessor herewith assigns, at no cost, to the Lessee, which accepts, the complete set-up as will be present in the Leased Property on the effective
date of the present addendum. 

 The Lessee shall, at the end of the lease, return the Leased Property to the Lessor in so-called empty shell
condition (so “empty”, without interior furnishings), unless at such time the Lessor decides to accept the spaces with the then existing furnishings, taking into account normal wear and tear. 

C/ LEASE EXTENSION 
 1/ The parties agree to extend
the aforementioned existing contracts of 06/30/1999 and 02/21/2001, and the additional lease agreements contained in addenda 3, 5, 6, and 7, by nine years, so for a period from that runs from 06/01/2015 to 05/31/2024. 

Only the Lessee shall have the right to terminate the extended contract early, on 05/31/2020, provided this is done so by registered notice of termination at
least 12 months in advance. 
 2/ As commercial contribution for this nine year extension, the Lessor shall grant the Lessee an annual discount on the
overall rent, by means of trimestral credits deducted from the rental invoices, to the amount of €84,000 a year, or €21,000 per trimester, for the period 09/01/2011 through 05/31/2020, and to the amount of €44,000 a year, or
€11,000 per trimester, for the period 06/01/2020 through 05/31/2024. The aforementioned rent discount shall be indexed annually in the same way as the rent, as of September 16, with base index August 2011. 

3/ If the Lessee exercises his aforementioned right to terminate the lease on 05/31/2020, he shall be required to pay back part of the abovementioned rental
discounts to the Lessor, namely €155,000 (one hundred and fifty-five thousand Euros, doing so within three months after notice is given. 
 4/ The
parties expressly acknowledge that the minimum term up through 05/31/2020, as stipulated above, constitutes an essential condition of this agreement, without which the Lessor would not have entered into this lease extension with contribution. In the
event this addendum regarding the extension of the lease by nine years should be breached by the Lessee before 05/31/2020, all contributions, as stipulated above, shall be paid by the Lessee back to the Lessor, at the latest within the month after
such breach. 
 5/ The Lessee shall, within the month after the signing of the present Addendum 9, have the existing bank guarantee extended, through
11/30/2024, doing so for an amount equal to six months’ reduced overall rent. 
 6/ Otherwise all existing provisions contained in the contracts of
06/30/1999 and 02/21/2001, and all addenda, shall remain integrally in effect for the remaining term thereof, as well as for this extension, with the exception of the rent, as mentioned under 2. 

D/ GENERAL PROVISION 
 For the levying of the
registration fees, the total lease costs, at the expense of the Lessee, are estimated at 5%, and the overall additional net rent (i.e. the rent after implementation of all discounts) is stipulated at €3,565,516.05 for the period 09/01/2011
through 05/31/2024. 
 **************** 

[SIGNATURES ON NEXT PAGE] 

 Intervest Offices NV/Galapagos NV 

Addendum 9 (September 2011) 
 Drawn up in triplicate in Berchem
on September 30, 2011, whereby each party acknowledges having received its own copy, and one copy is intended for registration. 
  

			
	/s/ Inge Tas		/s/ Onno van de Stolpe
		
	The Lessor		The Lessee
	Intervest Offices NV		Galapagos NV

 Exhibits: 

	 	1.	Plan of the Leased Property 

	 	2.	Plan of outside parking spaces 

  

	

  
 4 

 Intervest Offices NV/Galapagos NV 

Addendum 9 (September 2011) 
 Exhibit 1: Plan of the Leased
Property 
 

 
  

			
	 Flemish
	  	 English

	keuken	  	Kitchen

 Intervest Offices NV/Galapagos NV 

Addendum 9 (September 2011) 
 Exhibit 2: Plan of Outside Parking
Spaces 
  
 

 
  

			
	 Flemish
	  	 English

	N.V.T.	  	N/A

 Intervest Offices NV/Galapagos NV 

Addendum 10 (September 2011) 
 LEASE
AGREEMENT DATED 06/30/1999 and 02/21/2001 plus addenda 
 ADDENDUM 10 - Addition of laboratories in IB8 

Between the undersigned: 
  

	 	1.	INTERVEST OFFICES N.V., with registered headquarters at Uitbreidingstraat 18, 2600 Berchem (Antwerp), represented in that place by 1/ the BVBA [limited liability company] Jean-Paul Sols, CEO, represented here by
its business manager Mr. Jean-Paul Sols and 2/ Ms. Inge Tas, CFO; 

 hereinafter referred to as “the Lessor” 

and 
  

	 	2.	GALAPAGOS NV (formerly known as GALAPAGOS GENOMICS NV), established at the Generaal de Wittelaan L11 A3, 2800 Mechelen, represented here by Mr. Onno van de Stolpe, CEO; 

hereinafter referred to as “the Lessee” 
 Is first
stated the following: 
 In a private lease agreement dated 06/30/1999, followed by the notarial lease agreement of 02/21/2001, and addendum 1 and 2 the
Lessee leased from the then owner, Innotech N.V. in Mechelen, 1,542 m2 of office space, plus 40 parking spaces, located in the Intercity Business Park in Mechelen-North, Generaal de Wittelaan
L11 A3, lot 1, on the second floor, for a fixed term of 15 years, effective 06/01/2000 and ending on 05/31/2015. 
 On 06/29/2001, Innotech N.V. merged with
Perifund CVA, at which time the name was also changed to Intervest Offices N.V. 
 In agreement “Addendum 3” of 02/13/2004 the Lessee additionally
leased, in the same building, 322 m2 of office space plus seven parking spaces, effective 12/01/2003 and ending on 05/31/2015. 

In addendum 4 of 08/01/2005 the Lessor provided to the Lessee, for temporary use, ± 20 m2 of
floor space in a larger warehouse located at Gen. De Wittelaan 9 in Mechelen. 
 In addendum 5 of 03/23/2006 the provision for use according to addendum 4
was terminated early, and the Lessee additionally leased a ± 100 m2 warehouse space in the same building Gen. De Wittelaan L11 A3 in Mechelen, effective 03/01/2006 and ending on
05/31/2015. 
 In addendum 6 of 02/06/2007, the Lessee additionally leased, in the same building, +/-213
m2 of warehouse space, effective 02/01/2007 and ending on 05/31/2015. 
 In addendum 7 of
01/31/2008, the Lessee additionally leased, in the same building, ± 513 m2 of office and sanitary facility space, 

± 116 m2 of reception area space, ± 27
m2 of storage space, and 24 parking spaces, effective 01/01/2008 and ending on 05/31/2015. 
 In
addendum 8 of 07/14/2009 the Lessee additionally leased, in the same building, ± 716 m2 of office space with private kitchen, effective 07/01/2009 and ending on 05/31/2015. 

 The Lessee therefore has in lease today 3,093 m2 of
office space, 116 m2 of reception area space, 340 m2 of storage space, and 71 outside parking spaces, with a current annual rent of
€432,446.96. 
 In addendum 9, on this day the aforementioned lease agreements of 06/30/1999 and 02/21/2001 and all addenda were extended by nine
years, from 06/01/2015 to 05/31/2024, 458 m2 of office space on the first floor was additionally leased, and the lease for 716 m2 of
office space plus kitchen was terminated early. 
 This having been stated, the following is agreed: 

Article 1 - Leased property 
 In addition to the
aforementioned leases, the Lessor herewith leases to the Lessee, who accepts, the following spaces, in the adjacent building located in Mechelen, Generaal De Wittelaan 21: 

 

	 	1.	(A) ± 753 m2 of laboratory space on the 3rd floor, (B) plus the undivided half of the ± 165 m2 of shared entrance and hallways (see also article 7) on the first floor, so ± 83 m2, and (C) plus two technical storerooms
each
 ± 18 m2 and a ± 24 m2 storage location for dangerous substances outside, together ± 60 m2, as colored in on the attached plan (Addendum 1). 

  

	 	2.	+/- 760 m2 of laboratory space on the 2nd floor, as colored in on the attached plan (Exhibit 2).

  

	 	3.	10 parking spaces, numbered 325 through 330, and 309 through 312, and as colored in on the attached plan (Exhibit 2). 

Hereinafter referred to as “the Leased Property”. 

The surface areas being leased are not guaranteed in terms of more or less surface area, which shall be at the benefit or detriment of the Lessee. 

The Leased Property is being leased in the state it is currently in and is known by the Lessee, who declares having viewed and inspected all aspects of the
Leased Property. 
 A report of condition upon commencement shall be drawn up, at shared costs, by expert M. Bernaerts, within the month after the signing
of the present contract. 
 The Lessor reserves the right to change or exchange the aforementioned parking places at any time if this is required e.g. for
work, safety or internal organization of the building and without doing so producing a right to damage compensation for the Lessee. 
 Article 2 -
Purpose of the Leased Property 
 The Leased Property is exclusively intended to be used as laboratory space. The leased parking spaces are
exclusively intended for passenger cars and small commercial vans. 
 The Lessor is not familiar with the activity the Lessee intends to carried out in the
Leased Property and the Lessor does not guarantee that the Leased Property meets requirements that, if necessary, may imposed on the activities undertaken by the Lessee. 

Article 3 - Term of the Agreement 
 The present
Addendum 10 took effect on August 1, 2011 and will end on May 31, 2024, just as the other aforementioned contracts plus addenda. 

The Lessee shall have the possibility to cancel the lease for both leased spaces by May 31, 2020, and furthermore exclusively the lease of the space
mentioned above in article 1 number 2 (laboratory section on the second floor) by July 31, 2014, provided this is done so by registered notice of cancellation at least six (6) months in advance. 

 The Lessor shall also be able to cancel the lease of the Leased Property at any time, as long as he has a
candidate tenant for the entire building, and may do so with a prior notice of 12 months. At such time the Lessee shall have a priority right, however, to lease the parts of the building not yet leased, under conditions that are consistent with the
conditions the Lessee is currently enjoying at that time for the space mentioned above in article 1, number 1. Termination by virtue of this provision, however, may not take effect before July 31, 2013. 

The Lessor may likewise cancel the lease for the aforementioned space at any time, if he has another candidate for the space mentioned in article 1 number 2
(i.e. on the second floor), and subject to a prior notice of six months. At that time the Lessee shall likewise have a priority right, however, to lease the aforementioned space, under conditions that are consistent with the conditions the Lessee is
currently enjoying at that time for the space mentioned above in article 1, number 1. Termination by virtue of this provision, however, may not take effect before July 31, 2014. 

Article 4 - Rent 
 The rent shall be: 

 

	 	1.	for the laboratories: €200/m2/year or €302,600/year, or €75,650/quarter. 

 

	 	2.	for the technical storerooms: €45/m2/year or €2,700/year or €675/quarter; 

 

	 	3.	for the common spaces: €95/m2 per year, or €7,885/year, or €1,971.25/quarter 

 

	 	4.	for the parking spaces: €465/parking space/year or €4,650/year or €1,162.50/quarter 

 Or in
total €317,835/year or €79,458.75/quarter. 
 The indexing of this rent shall occur at the same time and in the same way as the rent stipulated in
the aforementioned notarial deed, but with base index August 2011. 
 For this addition leasing for 13 years, the Lessor shall grant the Lessee an annual
discount on the overall rent, by means of trimestral credits deducted from the rental invoices, to the amount of €54,120 a year, or €13,530 per trimester, for the period 08/01/2011 through 05/31/2020, and to the amount of €30,120
a year, or €7,530 per trimester, for the period 06/01/2020 through 05/31/2024. The aforementioned rent discount shall be indexed annually in the same way as the rent, as of September 16, with base index August 2011. 

With regard to the laboratory section on the second floor the Lessor shall grant the Lessee, in the same way as well, an annual discount of €152,000, and
doing so for the period 08/01/2011 through 07/31/2014 (so a rent-free period for the first three years). 
 For the period from 08/01/2014 to 05/31/2024 an
annual discount shall be granted for that space of (760 x 40) = €30,400. 
 The amount of these discounts shall be indexed in the same way as the rent,
base index August 2011. 
 If the Lessee exercises his aforementioned right to terminate the lease on 05/31/2020, he shall be required to pay a part of an
amount back to the Lessor, mainly €236,775, and doing so within three months after the given notification. 
 Should this addendum be terminated early
before 05/31/2020 due to liquidation of the Lessee, or legally severed at the expense of the Lessee, the discounts granted, for the lapsed period, shall have to be paid back integrally by the Lessee, with exception of the discounts for the
laboratory section on the second floor (760 m3), and doing so at the latest within a month after the early termination or severance. 

 Article 5 - Bank guarantee 

The Lessee shall, within the month after the signing of the present Addendum 10, furnish to the Lessor a unilateral, irrevocable, abstract and transferable
bank guarantee, upon first request, to the amount of six months’ rent, in accordance with the appended model. This guarantee shall be required to remain valid up to six months after the end of the lease agreement, i.e. 11/30/2024. 

Article 6 - Return of the leased property 
 Unless
agreed otherwise, at the end of the lease the Lessee shall be required to return the leased property in the condition described in the property description prepared upon commencement, taking into account normal wear and tear. 

Article 7 - Special provisions 
 Given that at the
current time no other tenant is occupying the building, the Lessee shall be able to make integral use of the common entrance and hallways on the first floor. 

In the event more tenants move into the building, the aforementioned shared entrance and hallways on the first floor shall be used mutually. At that time the
Lessee shall give any additional tenant the possibility to lease one of the technical storerooms of +/ 18 m2 and the rent for the storerooms leased by the Lessee shall be reduced
proportionally. As mutually agreeable an arrangement shall also be worked out for use of the ± 24 m2 storage space for dangerous substances outside. 

The Lessor shall not charge the Lessee for any utilities or costs related to any governmental taxes/charges that rest on the building, inasmuch as such costs
and taxes/charges (prorated or otherwise) pertain to areas that are not part of the herewith Leased Property. 
 The other common rental charges for the
entire building shall be borne by the Lessee, as long as no other tenant is occupying the building. 
 In the event multiple tenants move into the building,
these expenses shall be proportionally divided among the various tenants. 
 Article 8 - General Provision 

Otherwise all provisions of the aforementioned lease agreements of 06/30/1999 and 02/21/2001 and all addenda shall remain integrally in force, and also
applicable to the current agreement, unless otherwise stipulated in the present agreement. 
 For tax purposes, the total rental charges, at the expense of
the lessee, are estimated at 5%. 
 **************** 

[SIGNATURES ON NEXT PAGE] 

 Intervest Offices NV/Galapagos NV 

Addendum 10 (September 2011) 
 Drawn up in triplicate in Berchem
on September 30, 2011, whereby each party acknowledges having received its own copy, and one copy is intended for registration. 
  

			
	/s/ Inge Tas		/s/ Onno van de Stolpe
		
	The Lessor		The Lessee
	Intervest Offices NV		Galapagos NV

 Exhibits: 
  

	 	1.	Plan of the Leased Property 

  

	 	2.	Plan of outside parking spaces 

  

	 	3.	Model bank guarantee 

	

  
 5 

 Intervest Offices NV/Galapagos NV 

Addendum 10 (September 2011) 
 Exhibit 1: Plan of the Leased
Property – first floor 
  
 

 

 Intervest Offices NV/Galapagos NV 

Addendum 10 (September 2011) 
 Exhibit 1: Plan of the Leased
Property – 2nd floor 
  
 

 

 Intervest Offices NV/Galapagos NV 

Addendum 10 (September 2011) 
 Exhibit 1: Plan of the Leased
Property – 3rd floor 
  
 

 

 Intervest Offices NV/Galapagos NV 

Addendum 10 (September 2011) 
 Exhibit 2: Outside parking plan

  
 

 
  

			
	 Flemish
	  	 English

	 N.V.T.
	  	N/A

 Intervest Offices NV/Galapagos NV 

Addendum 10 (September 2011) 
 Exhibit 3: model bank guarantee

 BANK GUARANTEE 
 This bank guarantee is
provided by                    (Belgian bank) with registered office in
                    , herein represented by
                    . 
 To the benefit of Intervest
Offices N.V., Uitbreidingstraat 18, 2600 Berchem (Antwerp) (hereinafter referred to as “the Lessor”) in implementation of article
                    of the lease agreement entered into on
                    between Lessor and
                    (hereinafter referred to as “the Lessee”), and in which the Lessor leased
                    to the Lessee for the period             . 

                    (bank) acknowledges having received a
copy of the aforementioned lease agreement. 
 This bank guarantee forms an irrevocable, abstract and unconditional unilateral agreement, by virtue of which
            (Bank) agrees, under the conditions stipulated below, to pay the Lessor a certain sum upon first request. 

The rules pertaining to the collateral and more specifically articles 2011 through 2039 of the Civil Code are not applicable to this bank guarantee. 

 

	1.	The                      (Bank) guarantees to the amount of
             Euros, i.e.             months’ rent, payment in full to the Lessor of all amounts owed to the latter by the
Lessee by virtue of the above-mentioned lease agreement. The bank guarantee must be permanently equal to              months’ rent. 

 

	2.	This bank guarantee shall remain in effect up to six months after the end of the lease. 

  

	3.	Notwithstanding any objection of the Lessee, the                      (Bank) shall release the bank guarantee to the
benefit of the Lessor by paying to the latter, within five business days after receipt of its request to pay all sums owed to the Lessor by the Lessee. 

  

	4.	The request for payment must be served to                      (Bank) by registered letter. 

 

	5.	                     (Bank) declares that it has taken note of article 14 of the lease agreement regarding the bank
guarantee. 

  

	6.	The bank guarantee may not be revoked without written and formal agreement of the Lessor. 

  

	7.	The bank guarantee is transferable to the Lessor’s rightful claimants by virtue of his capacity. 

	

 Intervest Offices NV/Galapagos NV 

LEASE AGREEMENT DATED 06/30/1999 and 02/21/2001 plus addenda 

ADDENDUM 11: Termination of storage in IB8 

Between the undersigned: 
  

	 	1.	INTERVEST OFFICES & WAREHOUSES N.V., with registered headquarters at Uitbreidingstraat 18, 2600 Berchem (Antwerp), represented in that place by 1/ the BVBA [limited liability company] Jean-Paul Sols,
CEO, represented here by its business manager Mr. Jean-Paul Sols and 2/ Ms. Inge Tas, CFO; 

 hereinafter referred to as “the
Lessor” 
 and 
  

	 	2.	GALAPAGOS NV (formerly known as GALAPAGOS GENOMICS NV), established at the Generaal de Wittelaan L11 A3, 2800 Mechelen, represented here by Mr. Onno van de Stolpe, CEO; 

hereinafter referred to as “the Lessee” 
 Is first
stated the following: 
 In a private lease agreement dated 06/30/1999, followed by the notarial lease agreement of 02/21/2001, and addendum 1 and 2 the
Lessee leased from the then owner, Innotech N.V. in Mechelen, 1,542 m2 of office space, plus 40 parking spaces, located in the Intercity Business Park in Mechelen-North, Generaal de Wittelaan
L11 A3, lot 1, on the second floor, for a fixed term of 15 years, effective 06/01/2000 and ending on 05/31/2015. 
 On 06/29/2001, Innotech N.V. merged with
Perifund CVA, at which time the name was also changed to Intervest Offices N.V. 
 In agreement “Addendum 3” of 02/13/2004 the Lessee additionally
leased, in the same building, 322 m2 of office space plus seven parking spaces, effective 12/01/2003 and ending on 05/31/2015. 

In addendum 4 of 08/01/2005 the Lessor provided to the Lessee, for temporary use, ± 20 m2 of
floor space in a larger warehouse located at Gen. De Wittelaan 9 in Mechelen. 
 In addendum 5 of 03/23/2006 the provision for use according to addendum 4
was terminated early, and the Lessee additionally leased a ± 100 m2 warehouse space in the same building Gen. De Wittelaan L11 A3 in Mechelen. 

In addendum 6 of 02/06/2007, the Lessee additionally leased, in the same building, +/-213 m2 of
warehouse space. 
 In addendum 7 of 01/31/2008, the Lessee additionally leased, in the same building, ± 513 m2 of office and sanitary facility space, 
 ± 116 m2 of reception area space, ± 27 m2 of storage space, and 24 parking spaces. 

In addendum 8 of 07/14/2009 the Lessee additionally leased, in the same building, ± 716 m2 of
office space with private kitchen. 

 In addendum 9 of 09/30/2011 the aforementioned lease agreements of 06/30/1999 and 02/21/2001 and all addenda were
extended by nine years, from 06/01/2015 to 05/31/2024, 458 m2 of office space on the first floor was additionally leased, and the lease for 716
m2 of office space plus kitchen was terminated early. 
 In addendum 10 of 09/30/2011 the Lessee
additionally leased, in the adjacent building in Mechelen, Gen. De Wittelaan 21, 753 m2 of laboratory space on the 3rd floor, 83 m2 of common space, two technical storerooms 18 m2 each, a 24 m2 storage
location, 760 m2 of laboratory space on the 2nd floor, and 10 parking spaces. 

On October 27, 2011 the name of Intervest Offices N.V. was changed to Intervest Offices & Warehouses N.V. 

This having been stated, the following is agreed: 

Article 1 -Termination of the lease for technical storage space 

The parties refer to article 7 of the aforementioned addendum 10. Given that at the current time another tenant has leased the remaining part of the building
Gen. De Wittelaan 21, effective February 1, 2012 the lease of one technical storage space in a separate location outside (marked 005 on the attached plan) was terminated early. The Lessee shall also make an arrangement with the other
tenant for shared use of the storage space for dangerous substances, (marked 004 on the attached plan) in a separate location outside. 
 Article 2
- Rent 
 The rent for the laboratories and appurtenances in the building Gen. De Wittelaan shall therefore also be reduced by 

€45 x (18 m2 +12 m2) =
€1,350 per year, or €337.50 per quarter, indexed in accordance with the provisions of the aforementioned addendum 10. 

Article 3 - General Provision 
 Otherwise
all provisions of the aforementioned lease agreements of 06/30/1999 and 02/21/2001 and all addenda shall remain integrally in force, and also applicable to the current agreement, unless otherwise stipulated in the current agreement. 

***************** 
 Drawn up in triplicate in
Berchem on May 15, 2012, whereby each party acknowledges having received its own copy, and one copy is intended for registration. 
  

			
	/s/ Jean-Paul Sols		/s/ Onno van de Stolpe
	The Lessor		The Lessee
	Intervest Offices & Warehouses NV		Galapagos NV
	                                      
 /s/ Inge Tas		Onno Van De Stolpe,CEO

							
					DOUBLE		
				
			[stamp:]				
	Addenda:		 Registered, Mechelen __ office
 on [stamp:]
JULY 20, 2012
 two page(s) no Dispatch(es)

VOLUME 6 /45 Section 15
 Received:
twenty-five Euros
				 [stamp:] GALAPAGOS NV

LEGAL

	05/11/2012		 €25.00 The Recipient

[stamp:] adm. assistant
				
							
							
							

 Intervest Offices NV/Galapagos NV 
  

	 	1.	Plan of the storage spaces in question 

  
 

 

 Intervest Offices NV/Galapagos NV 

LEASE AGREEMENT DATED 06/30/1999 and 02/21/2001 plus addenda 

ADDENDUM 12 - Addition of office spaces, storage space and parking spaces 

Between the undersigned: 
  

	 	1.	Intervest Offices & Warehouses NV, Public Investment Company with fixed capital and Real Estate Investment Trust under Belgian law, with company number 0458.623.918 (RPR [Register of Legal Entities]
Antwerp), the registered headquarters of which is located at Uitbreidingstraat 18, 2600 Berchem (Antwerp), represented in that place by three members of the Management Board, i.e. 1/ the BVBA [limited liability company] Jean-Paul Sols, 2/
Ms. Inge Tas, CFO and 3/ the BVBA Luc Feyaerts, COO, represented here by its permanent representative, Mr. Luc Feyaerts. 

hereinafter referred to as “the Lessor” 
 and 

 

	 	1.	Galapagos NV (formerly known as GALAPAGOS GENOMICS NV), established at the Generaal de Wittelaan L11 A3, 2800 Mechelen, represented here by Mr. Onno van de Stolpe, CEO; 

hereinafter referred to as “the Lessee” 
 Is
first stated the following: 
 In a private lease agreement dated 06/30/1999, followed by the notarial lease agreement of 02/21/2001, and addendum 1
and 2 the Lessee leased from the then owner, Innotech N.V. in Mechelen, 1,542 m2 of office space, plus 40 parking spaces, located in the Intercity Business Park in Mechelen-North, Generaal de
Wittelaan L11 A3, lot 1, on the second floor, for a fixed term of 15 years, effective 06/01/2000 and ending on 05/31/2015. 
 On 06/29/2001, Innotech N.V.
merged with Perifund CVA, at which time the name was also changed to Intervest Offices N.V. 
 In agreement “Addendum 3” of 02/13/2004 the Lessee
additionally leased, in the same building, 322 m2 of office space plus seven parking spaces, effective 12/01/2003 and ending on 05/31/2015. 

In addendum 4 of 08/01/2005 the Lessor provided to the Lessee, for temporary use, ± 20 m2 of
floor space in a larger warehouse located at Gen. De Wittelaan 9 in Mechelen. 
 In addendum 5 of 03/23/2006 the provision for use according to addendum 4
was terminated early, and the Lessee additionally leased a ± 100 m2 warehouse space in the same building Gen. De Wittelaan L11 A3 in Mechelen, effective 03/01/2006 and ending on
05/31/2015. 
 In addendum 6 of 02/06/2007, the Lessee additionally leased, in the same building, +/-213
m2 of warehouse space, effective 02/01/2007 and ending on 05/31/2015. 
 In addendum 7 of
01/31/2008, the Lessee additionally leased, in the same building, ± 513 m2 of office and sanitary facility space, ± 116
m2 of reception area space, ± 27 m2 of storage space, and 24 parking spaces, effective 01/01/2008 and ending on 5/31/2015.

 In addendum 8 of 07/14/2009 the Lessee additionally leased, in the same building, ± 716 m2 of office space with private kitchen, effective 07/01/2009 and ending on 05/31/2015. 
 In addendum 9
of 09/30/2011 the aforementioned lease agreements of 06/30/1999 and 02/21/2001 and all addenda were extended by nine years, from 06/01/2015 to 05/31/2024, 458 m2 of office space on the first
floor was additionally leased, and the lease for 716 m2 of office space plus kitchen was terminated early. 

In addendum 10 of 09/30/2011 the Lessee leased, in the adjacent building located in Mechelen, Generaal De Wittelaan 21, the following additional spaces: 753 m2 of laboratory space on the 2nd floor, 83 m2 of the shared entrance and hallways on
the first floor, plus two technical storerooms ± 60 m2 in size, and +/- 760 m2 of laboratory space on the 2nd floor, and 10 parking spaces. 
 In addendum 11 of 05/15/2012 the lease of 30 m2 of storage was terminated. 
 The Lessee therefore currently has in lease 4,431 m2 of office space, 116 m2 of reception area space, 370 m2 of storage space, and
81 outside parking spaces, with a current annual rent of €454,362. 
 This having been stated, the following is agreed: 

Article 1 - Leased property 
 In
addition to the aforementioned leases, the Lessor herewith leases to the Lessee, who accepts, the following spaces, in the same building located in Mechelen, Generaal De Wittelaan 11A: 

 

	 	1.	+/- 398 m2 of office space on the first floor, 

  

	 	2.	+/- 156 m2 of storage space as designated with numbers 0/R2 and 0/03 on the attached plan (Exhibit 1). 

 

	 	3.	20 outside parking spaces numbers 412 through 415, 394B, 470 through 474, and 477 through 486, as shown on the attached plan (Exhibit 2) 

Hereinafter referred to as “the Leased Property”. 

The surface areas being leased are not guaranteed in terms of more or less surface area, which shall be at the benefit or detriment of the Lessee. 

The Leased Property is being leased in the state it is currently in and is known by the Lessee, who declares having viewed and inspected all aspects of the
Leased Property. 
 A report of condition upon commencement shall be drawn up, at shared costs, by expert M. Bernaerts, within the month after the signing
of the present contract. 
 Article 2 - Term of the agreement 

The present Addendum 12 shall take effect on September 1, 2013 and end on May 31, 2024, just as the other aforementioned contracts plus
addenda. Notwithstanding the foregoing, article 5 shall take effect upon signing by both parties of the current addendum. 
 Article 3 - Rent

 The rent shall be: 
  

	 	1.	for the offices: €96.41/m2/year or €38,371.18/year, 

  

	 	2.	for the storage space: €52.13/m2/year or €8,132.28/year 

  

	 	3.	for the outside parking spaces: €450/parking space/year or €9,000/year 

 Or in total €55,503.46/year or €13,875.87/quarter. 

The indexing of this rent shall occur on June 1, with base index May 2013. 

Article 4 - Bank guarantee 
 The Lessee
shall, within the month after the signing of the present Addendum, increase the amount of the existing bank guarantee by €27,751.50. 

Article 5 - State of the leased property 

The Lessor agrees to perform the following work at its own expense within the shortest possible reasonable timeframe, and by September 1, 2013: 

 

	 	•	 	Addition of raised floor 

  

	 	•	 	Fixing of ceiling tiles and lighting 

  

	 	•	 	Demolition of existing partition walls, repairing consequential damage 

  

	 	•	 	Installation of new carpet 

  

	 	•	 	Painting of permanent walls 

  

	 	•	 	Modification of air-conditioning for R22 replacement 

  

	 	•	 	Encasement of ventilation system 

  

	 	•	 	Inspection of warehouse space access door 

 Article 6 - Contribution 

In a financial regard, the Lessor shall grant the Lessee a rent-free period for the Leased Property, leased with this addendum 12, for the period of three
months, effective 09/01/2013 through 11/30/2013. The common rental charges and taxes related to the same Leased Property shall be owed as of 09/01/2013. 

If the aforementioned work is not finished by the owner (not including details or delays in modifying the air-conditioning ducts for which the Lessee is
responsible) by 09/01/2013: 
  

	 	(a)	the rent-free period will be extended by a period that is equal to the number of days by which the timeframe mentioned in article 5 is exceeded; and 

 

	 	(b)	the common rental charges and taxes shall only be owed by the Lessee as of the completion of the aforementioned work. 

Article 8 - General Provision 
 Otherwise
all provisions of the aforementioned lease agreements of 06/30/1999 and 02/01/2001 and all addenda shall remain integrally in force, and also applicable to the current agreement, unless otherwise stipulated in the present agreement. 

For tax purposes, the total rental charges, at the expense of the lessee, are estimated at 5%. 

 Intervest Offices NV/Galapagos NV 

*************** 
 Drawn up in triplicate in
Berchem on August 8, 2013, whereby each party acknowledges having received its own copy, and one copy is intended for registration. 
  

					
	/s/ Luc Feyaerts		[stamp:] Luc Feyaerts		/s/ Onno van de Stolpe
			COO		
	The Lessor		Intervest O&W		The Lessee
	Intervest Offices & Warehouses NV				Galapagos NV
	 /s/ Inge Tas
				

  

			
			DOUBLE
		
	[stamp:]		
	Registered, Mechelen _1st _ office		
	on		
	five page(s) no Dispatch(es)		
	VOLUME 6 Page 28 Section 02		
	Received: one thousand eighty-six Euros		
	The Recipient		
		
	[signature]		
	[stamp:] adm. assistant		

 Exhibits: 

1/ Plan of the Leased Property 

2/ Plan of parking spaces 

 Intervest Offices NV/Galapagos NV 

Exhibit 1 – Plan of the Leased Property 
  

 
 [647,04 m2 = 647.04
m2] 
 [16,70 m2 = 16.70 m2] 
 [452,80 m2 = 452.80 m2] 
 [397,74 m2 = 397.74 m2] 
 Exhibit 2 – plan of outside parking spaces 

 
 

 

 In the year two thousand one 

On February twenty-first 
 Before me, Civil-law Notary Annemie
COUSSEMENT, civil-law notary in Duffel, the following 
 HAVE APPEARED 

1. The Public Limited Company INNOTECH, established at the Uitbreidingstraat 18, 2600 Antwerp-Berchem, listed in the commercial register in
Antwerp under number 340.415 and as liable to pay VAT under number BE 414.260.769. Founded under the name N.V. RELIANCE BELGIUM S.A. by deed on April twenty-fifth, nineteen hundred seventy-four, executed before Civil-law Notary Vandekerckhove in
Mechelen, published in the annexes to the Belgian Official Gazette of May 11 thereafter, under numbers 1529-1 and -2; 
 whose name was changed to
ETABLISSEMENTS VAN GALEN-VAN DER SANDE by deed on April twenty-ninth, nineteen hundred seventy-four, executed before the aforementioned Civil-law Notary Vandekerckhove, published thereafter in the annexes to the Belgian Official Gazette of May
twenty-three under number 1766-3; whose name was changed to RELIANCE UNIVERSAL NV by deed on March seventeenth, nineteen hundred seventy-six, executed before the aforementioned Civil-law Notary Vandekerckhove, published thereafter in the annexes to
the Belgian Official Gazette of April eight under number 949-6, and whose Articles of Incorporation were last amended, including the amendment of the name to its current name, by deed executed before Civil-law Notary Marc Van Nuffel in Antwerp on
July twenty-eighth, nineteen hundred ninety-seven, published thereafter in the annexes to the Belgian Official Gazette of August twenty-first under number 970821-495. 

Whose registered office was moved to its current registered office by the decision of the Board of Directors dated June twenty-seventh, two thousand,
published thereafter in the annexes to the Belgian Official Gazette of July twelve under number
 20000712-667. 
 Represented here in accordance with
Article 15a of its Articles of Incorporation by its Managing Director, the public liability company INTERVEST MANAGEMENT, with its registered office at the Uitbreidingstraat 18, 2600 Berchem, listed in the commercial register in Antwerp under number
336.258, with VAT number 467.057.176. 
 Appointed to director through the decision of the Extraordinary General Meeting dated June twenty-seventh, two
thousand, published thereafter in the annexes to the Belgian Official Gazette of July twelfth under number 20000712-668. Appointed to Managing Director through the decision of the aforementioned Board of Directors dated June twenty-seventh, two
thousand, published thereafter in the annexes to the Belgian Official Gazette of July twelfth under number 2000712-667. 
 Which company INTERVEST
MANAGEMENT, in turn, is represented in accordance with Article 12 of its Articles of Incorporation, by its Managing Director, being the private limited company “Gert Cowé”, with its registered office at the Van Boendalestraat
 8,
2000 Antwerp, listed in the commercial register in Antwerp under number 336-526, appointed to this mandate by decision of the General Meeting and the Board of Directors dated September twenty-ninth, two thousand, published thereafter in the annexes
to the Belgian Official Gazette of October nineteen, under number 20001019-519. 
 The private limited company “Gert Cowé” is represented
here by its manager under the Articles of Incorporation, 
  

	•	 	Mr. Gert Cowé, born in Geel on March thirty-first, nineteen hundred seventy, residing at the Van Boendalestraat 8, 2000 Antwerp, (National Register number 700331 095 78), authorized to only act in accordance
with the Articles of Incorporation and appointed to this mandate, by decision of the general meeting of September twenty-ninth, 

  
 -1- 

 nineteen hundred ninety-nine, published thereafter in the annexes to the Belgian Official Gazette of October
twenty-first, under number 991021-577. 
 Hereinafter referred to in short as “The Lessor” 

2. The Public Limited Company GALAPAGOS GENOMICS, with its registered office at the Generaal de Wittelaan 11/A, 2800 Mechelen, listed in the
commercial register of Mechelen under number 85469, VAT number BE 466.460.429. 
 The company was established by deed executed before Civil-law Notary
Aloïs Van den Bossche in Vorselaar on the date of June thirtieth, nineteen hundred ninety-nine, of which an extract was published thereafter in the annexes to the Belgian Official Gazette of July seventeenth, under number 990717-412. 

Whose Articles of Incorporation were last amended by deed executed before Civil-law Notary Aloïs Van den Bossche in Vorselaar on the date of August
third, two thousand, of which an extract was published thereafter in the annexes to the Belgian Official Gazette of August twenty-seventh, under number 20000823-245. 

The company is represented by its Managing Director in accordance with Article 20 of the Articles of Incorporation, namely: 

 

	•	 	Mr. Onno VAN DE STOLPE, born in Geldrop (the Netherlands) on October twenty-fifth, nineteen hundred fifty-nine, residing at the Borzestraat 50/201, 2800 Mechelen. 

appointed to this position at the Extraordinary General Meeting and meeting of the Board of Directors held on December twentieth, two thousand, submitted for
publication in the annexes of the Belgian Official Gazette. 
 The aforementioned Mr. VAN DE STOLPE expressly declares to be authorized by the Board of
Directors to carry out this legal act. 
 Hereinafter referred to in short as “The Lessee” 

PRELIMINARY EXPLANATION 
 1) A private lease
agreement was signed between the aforementioned persons appearing on June thirtieth, nineteen hundred ninety-nine, concerning one thousand one hundred square meters of office space, as well as one hundred and
forty-two square meters of common areas and twenty-two outdoor parking spaces in and around a building located at the Generaal de Wittelaan 11A in Mechelen for a duration of nine years. This lease agreement was registered at the first registration
office in Mechelen, as mentioned hereinafter. 
 2) The aforementioned lease agreement commenced on June first, two thousand. 

3) The parties have verbally agreed to extend the duration of this agreement to fifteen years, so that this will end on May thirty-first, two thousand
fifteen, through which this lease agreement should be notarially recorded. 
 4) In addition, it appears that contrary to what was mentioned in the original
private lease agreement, the twenty-two outside parking spaces indicated above are not all located around the building situated at Generaal de Wittelaan 11A in Mechelen. In particular, there are sixteen outside parking spaces located around the
building at the Generaal de Wittelaan 11A (described below under
 Article 1 - PROPERTY 2) and six outside parking spaces located around the building at the Generaal de Wittelaan 19 (described below under Article 1 - PROPERTY 6). 

5) The one thousand one hundred square meters of office space, as well as one hundred forty-two square meters of common areas, referred to in the original
lease agreement as mentioned above, is hereinafter described under Article 1- PROPERTY 1. 

  
 -2- 

 6) In the aforementioned lease agreement of June thirtieth, nineteen hundred ninety-nine, the option of leasing
additional premises of three hundred square meters (300 m2) of private areas in the same building at the Generaal de Wittelaan 11A in Mechelen was offered to the Lessee in Article 28. 

This option was exercised as follows: 
  

	•	 	initially, the Lessee had indicated to the Lessor they would like to exercise this option, as far as an area of eighty square meters (80 m2) of private areas are
concerned. These properties are hereinafter further described under Article 1- PROPERTY 3A. 

 It was decided in mutual consultation between
the parties to fix the rent, with regard to this additional area, at four thousand two hundred Belgian francs (4,200.00 BEF), or one hundred and four Euros and twelve Euro cents (104.12 EUR) per square meter per year. This lease agreement takes
effect on July first, two thousand and will end on May thirty-first, two thousand fifteen. 
  

	•	 	secondly, the Lessee had indicated to the Lessor they would like to exercise the option, as far as an additional area of one hundred and thirty square meters (130 m2)
of private areas are concerned. These properties are hereinafter further described under Article 1- PROPERTY 3B. 

It was decided in mutual consultation between the parties to fix the rent, with regard to this additional area, at four thousand two hundred Belgian francs
(4,200.00 BEF), or one hundred and four Euros and twelve Euro cents (104.12 EUR) per square meter per year. By exercising this option, the initial lease agreement was extended and all lease terms are applicable in accordance. 

This lease agreement takes effect on December first, two thousand, and will end on May thirty-first, two thousand fifteen. 

 

	•	 	thirdly, the Lessee had indicated to the Lessor they would like to exercise the option, as far as the remaining area of ninety square meters (90 m2) of private areas
are concerned. These properties are hereinafter further described under
 Article 1- PROPERTY 3C. 

 It was decided in mutual consultation
between the parties to fix the rent, with regard to this additional area, at four thousand two hundred Belgian francs (4,200.00 BEF), or one hundred and four Euros and twelve Euro cents (104.12 EUR) per square meter per year. By exercising this
option, the initial lease agreement was extended and all lease terms are applicable in accordance. 
 This lease agreement takes effect on September first,
two thousand two, and will end on May thirty-first, two thousand fifteen. 
 7) In the aforementioned lease agreement of June thirtieth, nineteen hundred
ninety-nine, the option of leasing eight additional outside parking spaces at the same building at the Generaal de Wittelaan 11A in Mechelen was offered to the Lessee in Article 4. 

The Lessee decided to exercise this option to lease the eight additional outdoor parking spaces and communicated this to the Lessor. 

These properties are hereinafter further described under Article 1- PROPERTY 4. 

It was decided in mutual consultation between the parties to fix the rent, with regard to these additional parking spaces, at fifteen thousand Belgian francs
(15,000.00 BEF), or three hundred and seventy-one Euros and eighty-four Euro cents (371.84 EUR) per square meter per year. 
 By exercising this option, the
initial lease agreement was extended and all lease terms are applicable in accordance. 
 This lease agreement takes effect on January first, two thousand
one, and will end on May thirty-first, two thousand fifteen. 

  
 -3- 

 8) Furthermore, the parties verbally agreed that the Lessee would lease ten additional outside parking spaces
around the building at the Generaal de Wittelaan 19 in Mechelen under the same terms and conditions. These properties are hereinafter further described under Article 1- PROPERTY 5. 

These parking spaces are leased at a rental price of fifteen thousand Belgian francs (BEF 15,000.00), or three hundred and seventy-one Euros, and eighty-four
Euro cents (371.84 EUR) per parking space per year. 
 This lease agreement takes effect on July first, two thousand and will also end on May thirty-first,
two thousand fifteen. 
 Otherwise, all conditions that apply to the leasing of the premises and parking spaces at and around the building located at the
Generaal de Wittelaan 11A in Mechelen apply accordingly to this new lease agreement. 
 LEASE AGREEMENT 

The persons appearing request that the undersigned Civil-law Notary notarially records the foregoing as follows: 

Article 1 - Leased premises 
 The Lessor leases out
to the Lessee, who accepts, the following premises/parking spaces: 
 DESCRIPTION OF THE PROPERTIES. 

CITY of MECHELEN, second section 
 A. In and around a
building, on and with land, along Generaal de Wittelaan 11A, at the corner of Schaliënhoefdreef and Generaal de Wittelaan, according to the title, recorded at the land registry as District A, part of number 174/E, for an area, according
to the survey listed in the title, of ten thousand, two hundred point ninety-seven square meters (10,200.97 m2), currently recorded at the land registry as Section A number 174/N, for an area of
ten thousand and eighteen square meters (10,018 m2), the following properties, are described respectively hereinafter as PROPERTY 1, PROPERTY 2, PROPERTY 3A, PROPERTY 3B, PROPERTY 3C, and PROPERTY
4. 
 PROPERTY 1 
 The office space on the first floor
with a constructed area of one thousand one hundred square meters of private areas and one hundred forty-two square meters of common areas, as these properties are depicted in blue on the attached sketch, which is annexed to the aforementioned
verbal lease agreement and also currently annexed to this deed as Annex 1, to be registered with it, but not to be transferred with it. 
 PROPERTY 2

 Sixteen parking spaces located around the building, as depicted in blue on the sketch that is attached as Annex 2 to this deed, to be registered with
it, but not to be transferred with it. 
 PROPERTY 3A 

Office space on the first floor with a constructed area of eighty square meters (80 m2) of private areas,
as this property is depicted under PART A, more specifically, premises A2, A3 and A4 are depicted in yellow on the sketch annexed here, which is annexed to the aforementioned lease agreement and also currently annexed to this deed as Annex 3, to be
registered with it, but not to be transferred with it. 
 PROPERTY 3B 

Office space on the first floor with a constructed area of one hundred and thirty square meters (130 m2)
of private areas, as this property is depicted under PART A, more specifically premises A1 and under PART B, more specifically premises B2 and B4 in 

  
 -4- 

 pink on the above-mentioned sketch annexed here as Annex 3 to the aforementioned verbal lease agreement and also
currently annexed to this deed as Annex 1, to be registered with it, but not to be transferred with it. 
 PROPERTY 3C 

Office space on the first floor with a constructed area of ninety square meters (90 m2) of private areas,
as this property is depicted under PART B, more specifically, premises B1 and B3 are depicted in green on the above-mentioned sketch annexed here, which is annexed to the aforementioned verbal lease agreement and also currently annexed to this deed
as Annex 3, to be registered with it, but not to be transferred with it. 
 The office space mentioned under PROPERTY 1, 3A, 3B and 3C the aforementioned
office spaces will delivered to the Lessee in shell condition (without dropped ceilings, lighting fixtures, air conditioning, computer floors and without further finishing), however with carpeting and mipolam (200 series) on the current floors. 

PROPERTY 4 
 Eight parking spaces located around the
building, as depicted in pink on the sketch that is attached as Annex 2 to this deed, to be registered with it, but not to be transferred with it. 
 B.
Around an office building located at the Generaal De Wittelaan 19, surveyed under part 174/E/2 according to a recent cadastral extract, with an area, according to the survey listed in the title mentioned below, of seven thousand and
sixty-eight point sixty-five square meters (7,068.65 m2), currently recorded at the land registry under Section A number 174G2, for an area of seven thousand and forty-seven square meters (7,047 m2) the following properties, hereafter described as PROPERTY 5 and PROPERTY 6: 
 PROPERTY 5 

Ten outside parking spaces, as these parking spaces are depicted in yellow on the sketch that is attached as Annex 2 to this deed, to be registered with it,
but not to be transferred with it. 
 PROPERTY 6 
 Six
outside parking spaces, already mentioned in the aforementioned lease agreement of June thirtieth, nineteen hundred ninety-nine. These outside parking spaces are depicted in green on the sketch that is attached as Annex 2 to this deed, to be
registered with it, but not to be transferred with it. 
 VENDOR’S TITLE TO PROPERTY 

PROPERTIES 1, 2, 3A, 3B, 3C and 4 
 The Lessor owns the
aforementioned properties as follows: 
  

	•	 	the ground belongs to the company under the name Public Limited Company RELIANCE UNIVERSAL, which was purchased under larger area on behalf of the Public Limited Company BRITISH LEYLAND BELGIUM, in Antwerp, pursuant to
a deed executed before Civil-law Notary Karel Vandekerckhove of Mechelen on the date of October sixth, nineteen hundred eighty-two, transferred thereafter at the mortgage office in Mechelen on October twentieth, book 9358, number 32.

  
 -5- 

	•	 	the buildings and right of superficies that rested thereon at the time, were obtained on behalf of the Public Limited Company ING LEASE (BELGIUM) in Brussels pursuant to a deed of sale, with the termination of leasing,
ground leases and right of superficies, executed before Civil-law Notary Marc Van Nuffel and Civil-law Notary Erik Celis, both in Antwerp on April twelfth, two thousand, transferred at the mortgage office in Mechelen on April twenty-second, two
thousand, book 14.248, number 4. 

 PROPERTIES 5 and 6 

The aforementioned properties belong to the Lessor under the name Public Limited Company RELIANCE UNIVERSAL, which was purchased under larger area on behalf of
the Public Limited Company BRITISH LEYLAND BELGIUM, in Antwerp, pursuant to a deed executed before Civil-law Notary Karel Vandekerckhove of Mechelen on the date of October sixth, nineteen hundred eighty-two, transferred thereafter at the mortgage
office in Mechelen on October twentieth, book 9385, number 32. 
 Article 2 - Intended use of the leased premises 

The leased premises are exclusively intended to be used as offices and high tech areas. The parking spaces at the building are solely intended for parking of
passenger cars and small vans. 
 The Lessee cannot change this intended use, nor extend it, without the prior written consent of the Lessor. 

It is explicitly agreed that in no case the leased premises may be used for the exercise of retail trade, nor for the business of a craftsman, or any other
activity or any other activity in direct contact with the public. 
 This lease agreement can therefore never be governed by the Act of April thirtieth,
nineteen hundred, fifty-one on retail rent. 
 The exercise of such activity would constitute a serious shortcoming on the part of the Lessee in its
obligations in this agreement. The Lessee is responsible for obtaining all the permits required for the use of the premises; he bears the risk. 

Article 3 - Intended use of the leased premises 

At first request, the Lessee shall voluntarily intervene in any dispute relating to the activities or the presence of the Lessee in the leased premises and the
Lessor shall indemnify the Lessor against any possible damage that may result. 
 The Lessee knows the properties of the building and knows which load the
floors, walls and the like can bear. 
 The Lessor is not familiar with the activities that the Lessee exercises in the leased premises. 

The Lessee should ensure compliance with all legal and regulatory obligations, regulations, permits, instructions of competent bodies and authorities, such
as, among others: building permits, environmental permits and any special permits in connection with the activities of the Lessee, the regulations on fire safety, General Occupational Health and Safety Regulations, NBN (Bureau for Standardisation)
standards.... 
 The Lessee has informed the Lessor of the modifications or changes he will make to the leased premises at his expense, in order to comply
with regulations that apply to the Lessee and/or his activities. All modifications or changes are made at the expense of the Lessee, without any right to compensation being due to him at the end of the lease agreement. 

  
 -6- 

 If the Lessor believes that certain laws, regulations or instructions of competent authorities are not being
complied with, at the first request of the Lessor, the Lessee will carry out the modifications required under the responsibility and at the expense of the Lessee. 

Article 4 - Rent 
 The parties have agreed on a
base rent as follows: 
 For PROPERTIES 1, 3A, 3B and 3C 

A rental price of four thousand, two hundred Belgian francs (4,200.00 BEF) or one hundred and four Euros and twelve Euro cents (104.12 EUR) per square meter
per year for the leasing of the private areas and proportionally, the rent of the common areas on a shell condition basis, as defined in Article 1. 
 As
far as PROPERTY 1 is concerned, this rental price includes the leasing of the twenty-two outside parking spaces, namely PROPERTIES 2 and 6. 
 PROPERTIES
4 and 5 
 A rental price of fifteen thousand Belgian francs (BEF 15,000.00), or three hundred and seventy-one Euros and eighty-four Euro cents (371.84
EUR) per parking space per year. 
 The rent is paid quarterly in advance, on the first day of the month of the start of the quarter (this is one on January
first, April first, July first and October first), in Belgian francs to the bank account indicated by the Lessor. This payment occurs through direct debit. 

Article 5 - Indexation of the rent 
 Every year on the
anniversary of this lease agreement, automatically and without any form of notice of default, an adjustment of the rent will take place on the basis of the health index figure and this according to the following formula: 

new rental price = base rent x new index 

base index figure 
 In view of
the expansion and the extension of the lease agreement, the parties determine the date of indexation to be on June first. 
 The basic index figure is the
index figure of the month preceding the month during which the original lease agreement was closed, namely May nineteen hundred ninety-nine. 
 The new
index figure is the index figure for the month of May. 
 The new rental price can never be lower than the last rent paid, calculated in accordance with the
applicable index figure. 
 The Lessor can only abandon this system through an express, signed confirmation in writing. 

Article 6 - Fees and taxes 
 All fees, taxes, levies or
duties applicable to the property, such as real estate taxes, taxes on the activities of the Lessee, taxes levied by the state, municipality, province, federation of municipalities or conurbation or region or community or any other government should
be borne by the Lessee. 

  
 -7- 

 The Lessor will immediately transmit these taxes to the Lessee, who undertakes to take the steps necessary to
make payment within the specified term. The distribution of the taxes for the common areas is carried out as provided for in Article 7.1, second paragraph, concerning the distribution of the common charges. Possible fines and/or default interest for
late payment will be owed immediately by the Lessee to the Lessor. 
 If the Lessor would like to pay these taxes directly, he will provide a copy of the
assessment notice to the Lessee, who will transfer the amount due to the Lessor within the time limit specified on the assessment notice. The Lessor can also request an advance payment at a rate of one hundred and fifty Belgian francs per square
meter per year (150 BEF/m2/year), with periodic settlement according to the arrangement for the common charges. 

Article 7 - Charges 
 7.1 Common charges 

The Lessee undertakes to pay the common charges to the Lessor, and this by way of advances. An advance payment of one hundred and twenty-five Belgian francs
(125.00 BEF), or three Euros and ten Euro cents (3.10 EUR) per square meter per quarter was agreed on, which will be paid for the first time on the date of occupancy of the building and then each time on the date on which the rent is paid, in
accordance with Article 4. 
 These advances are for the payment of, among others, the following common charges, so these will be charged if they are
present (illustrative list that only serves as an example): 
  

	•	 	Consumption costs and rental of counters for the common areas, such as electricity, gas, heating, water, cable distribution,... 

  

	•	 	Cost of technical maintenance, such as heating, air conditioning, ventilation, electricity, elevator, electricity, sanitary facilities, ports,... 

 

	•	 	Cleaning costs of, among others, the windows, the common areas,... 

  

	•	 	Maintenance of plants and shrubs, this is, for example, the maintenance of the garden, the parking area,... 

  

	•	 	Costs associated with the site drainage, gullies, the drainpipes, the drains,... 

  

	•	 	Waste collection 

  

	•	 	Cost of inspections (these are the required regulatory inspections and, any optional controls), such as the inspection of the fire detection system, gas monitoring,... 

The definitive share of the Lessee in these common charges will be calculated by dividing the area of the leased private premises by the total area of all
private premises of the building. 
 Periodically, and at least once per calendar year, the Lessee will receive a statement of the actual expenditure. The
difference between the advance and the periodic statement will be, depending on the case, deposited to the Lessor (manager) or to the Lessee within thirty days after notification of the statement. When the advances appear to be insufficient, they
will be modified by the Lessor or the manager she has designated. 

  
 -8- 

 7.2 Private charges 

The Lessee will bear the costs (including fixed charges, subscriptions, and the cost of distributors and connections) that are associated with his consumption
of water, gas, electricity, telephone, fax, cable TV, etc., or that are related to other services he purchases. The Lessor will provide a distribution point for the connections of water, gas, cable TV and electricity. 

If the “assets” that the Lessee wishes to utilize require special provisions (e.g. private high-voltage cabin), the installation and maintenance
thereof will be paid by the Lessee. 
 To the extent that certain private charges will be charged to the Lessor, the relevant invoices and/or documents are
delivered to the Lessee, who will reach the arrangements necessary for payment within the specified term. 
 Article 8 - Duration of the agreement

 The lease will commence after the delivery report, namely concerning 

PROPERTIES 1.2 and 6 
 On June first, two thousand, to end
by operation of law on May thirty-first, two thousand fifteen. 
 PROPERTY 3A 

On July first, two thousand, to end by operation of law on May thirty-first, two thousand fifteen. 

PROPERTY 3B 
 On December first, two thousand, to end by
operation of law on May thirty-first, two thousand fifteen. 
 PROPERTY 3C 

On September first, two thousand two, to end by operation of law on May thirty-first, two thousand fifteen. 

PROPERTY 4 
 On January first, two thousand one, to end by
operation of law on May thirty-first, two thousand fifteen. 
 PROPERTY 5 

On July first, two thousand, to end by operation of law on May thirty-first, two thousand fifteen. 

There will be no form of reimbursement or compensation that can be claimed for the termination of this agreement in accordance with this provision. 

Automatic renewal of the rent is not possible, even if the occupancy of the leased premises would continue after the planned contractual period. 

Article 9 - Condition of the leased premises 
 On the date
of the first occupancy of the leased premises, a final, inter partes delivery report will be issued, with the exception of the properties described under Property 3B and 3C, on which the persons appearing agree in mutual consultation. This delivery
report forms an integral part of this lease agreement. Both persons appearing declare to have an original copy in their possession, and release the undersigned Civil-law Notary from attaching this to this deed. 

  
 -9- 

 The property that the Lessee wants to install will be submitted for approval to the Lessor in advance. They are
subject to the provisions of Articles ten and eleven. 
 No later than thirty days before the end of the agreement, the Lessee will invite the Lessor to
discuss which modifications, changes, repairs, etc. still need to be completed before the end of the agreement. 
 At the end of the lease agreement,
according to the same procedure as for the ingoing delivery report, an outgoing delivery report will be issued in order to determine the amount of any damage, as well as any compensation due to unavailability. 

The delivery report is completed by the Lessee and Lessor or, if desired, by an expert, appointed in mutual agreement between the parties. 

The Lessee undertakes, as soon as he has vacated the leased premises, to invite the Lessor by registered mail to draft this delivery report. 

The Lessee must return the property he had received it. Damage caused by old age or wear and tear that has arisen during the lease period shall be borne by
the Lessee, even if this is not his fault. 
 If the premises are not made available in time, either because they were not vacated in time, or because the
modifications and repairs were not carried out in time, the Lessee, regardless of his other obligations, will owe the following compensation: 
  

	•	 	per month commenced that the Lessor cannot access the premises, he will be owed compensation of twice the monthly rental price that was due in the last period, plus the compensation that the Lessor has to remit to a new
Lessee because the property could be made available in time. 

 The handing over of the keys, in any form, at or after departure of the Lessee
will never be a partial or complete discharge for the Lessee. 
 Article 10 - Additional work 

Additional work is all deviations from the current finished state of the premises. This additional work should be ordered through the Lessor and is always the
subject of a separate order form. 
 The works will only be carried out after the order form has been validly signed and after an agreement on the method of
payment has been created. 
 The Lessor reserves the right to either invoice the price of the additional work, or to include it in the rent over the first
lease term within which no cancellation is possible. 
 The Lessor reserves the right, following such additional work, to adjust the date of occupancy. 

  
 -10- 

 Article 11 - Renovations, changes, improvements 

The Lessee cannot make any modifications or alterations to the leased premises without the prior express written consent of the Lessor. 

Also the placement of appliances which give rise to certain works on the inside or outside of the building, requires the express and written consent of the
Lessor. The Lessor can always refuse to grant his consent. 
 The renovations or modifications should be ordered with priority from the Lessor. 

In case the Lessor decides to not perform these works himself, these works will be carried out under the sole responsibility of the Lessee and the Lessor has
the right to supervise the works, without entailing any kind of liability for the Lessor. 
 All works for which the Lessor grants his consent, be carried
out at the expense of the Lessee. All costs of placement, use and removal at the end of the lease shall be borne by the Lessee. 
 All costs and expenses
imposed by a competent authority because of the presence of the Lessee, an act or omission of the Lessee, will also be carried solely by him, or be recovered from him. 

The Lessor reserves the right, to demand that the premises are returned to their original state at the end of the lease agreement, without any compensation
being owed to the Lessee. Nor will he owe compensation to the Lessee, if the Lessor wishes to keep the changes or improvements that were made, even if he has agreed to it. In any case, the Lessee cannot remove the alterations that are made to be in
line with certain regulations or laws without the express and written consent of the Lessor, which must be requested in a timely manner by the Lessee. 

Article 12 - Repairs and maintenance 
 The Lessee shall
maintain the leased premises in a good state of repair and be responsible for the costs of maintenance and repairs. He will, among other things, be responsible for the repair and, if necessary, replacement of the locks of the doors, windows, hinges
and handles, taps, interior paint work, flooring and the like. All private drainage systems and pipes need to be maintained and cleaned and in such a state that no blockage is possible. He will maintain the water pipes and the central heating (as
far as these are private, otherwise through the maintenance contract) and, when necessary, protect them from frost. The Lessor or manager of the building can close maintenance contracts for this purpose on the behalf of the Lessee. 

All defects, damage, and the like are presumed to have arisen after the effective date of this lease agreement, with the exception of those listed in the
delivery report, and are to be borne by the Lessee. 
 Only the hidden defects of the leased premises that impede the use thereof and that are reported
within twelve months after the signing of the contract to the Lessor shall be borne by the Lessor. 
 It is agreed that only major and structural repair
work, in accordance with Section 606 Civil Code, will be borne by the Lessor, as far as they are not caused by the failure of the repairs or errors of the Lessee. 

  
 -11- 

 The Lessee must immediately report to the Lessor by registered letter which obligations he believes the Lessor
should have to fulfill. The damage or inconvenience sustained by failing to recognize this notification requirement will be borne by the Lessee. 
 The
Lessee will tolerate any repairs or renovations performed by the Lessor to fulfill his obligations regarding major repairs, as defined, and this without any right to compensation or reduction of the rental price. However, if the works result in a
permanent unavailability of more than fourteen days and of at least twenty percent (20%) of the leased premises, then the Lessee and the Lessor will hold consultations regarding a rent reduction. 

The Lessee will always grant access to the Lessor or his representative to all leased premises, in order to carry out the necessary inspections and/or to be
able to perform repairs, or to verify the state of the leased premises. 
 The Lessor shall not be liable for any interruption of services or utilities of
the building or the consequences thereof, unless the interruption is caused by his willful misconduct, fraud or gross negligence. 
 The Lessor can give
notice to the Lessee by registered mail, demanding that he carries out the necessary repair work and to end this within thirty days after sending this letter. The Lessor has no task of supervision or control over the repairs and the like that the
Lessee must perform. 
 Article 13 – Insurance policies 

The Lessor undertakes, during the full duration of the lease, to insure the building in its entirety for proper amounts on the basis of a “Belgian
Insurance Association (BVVO) All Risks” policy. 
 The premiums will be, possibly pro rata in accordance with Article 7.1, second paragraph on the
distribution of the common charges, distributed among the lessees. The Lessor pays the premiums to the insurance company and will charge these to the Lessee who undertakes to pay the amount due within the time limit specified by the Lessor. In the
event of negligence, Article 17 of the lease agreement will apply. 
 Any change in activity, local situation or circumstance in general which may lead to
an increase in risk, must be reported spontaneously and in writing by the Lessee to the Lessor. 
 At his expense, the Lessee will insure all movable
objects that are in the leased premises, as well as the property modifications and expansions. This insurance will at least cover the risks of fire damage, explosion damage, electrical damage, water damage and related risks damage, storm damage,
glass breakage, and recovery from third parties. 
 Every year, the Lessor will receive insurance certificates that confirm the payment of the premium. 

The parties mutually waive any recourse that they mutually could exercise against each other, as well as against the owner, leaseholder, sublessees,
transferors and acquirers and this because of all the damage they could suffer as a result of the 

  
 -12- 

 
risks to be insured. They also undertake to accept a similar waiver for any sublessee or user, as well as their insurers, with the exception of the conservation of recourse against the
perpetrator of willful misconduct. 
 The policies shall provide that there can be no suspension or deferment of the coverage, or that the coverage can end
after at least one month’s notice that is served to the Lessor. 
 The insurance also cannot be changed without prior notice from the Lessor thirty
days in advance. 
 Damage to the leased property, of which the costs of repair do not exceed twenty-five thousand francs or less, and is caused by burglary
or attempted burglary, will be borne by the Lessee. 
 If damage occurs, at the first request of the Lessor, the Lessee must undertake to take steps to
remove his systems and contents, or remove the remnants thereof from the premises as soon as possible, according to the applicable laws, regulations and provisions. As the case may be, these should be kept at another location of the insurers and
experts that is even temporarily made available. 
 Article 14 - Management expenses 

The fee for management expenses will be determined in accordance with the guidelines of the Belgian Institute of Real Estate Agents. 

The Lessee undertakes to take the steps required for payment of the costs, whenever the Lessor so requests and this within the term indicated by the Lessor.
In the event of late payment, Article 17 of this lease agreement will apply. 
 Article 15 - Transfer or sublease 

The leased premises cannot, in whole or in part, be transferred or subleased without the express and written consent of the Lessor. Mere acquiescence will
therefore not be considered as consent. 
 If the Lessor permits the sublease or the transfer of the lease agreement, the Lessee and the sublessee, or the
transferor and the acquirer, are jointly and severally liable for all obligations arising from this agreement with respect to the Lessor. 
 The Lessee
undertakes to ensure that the sublessee or the acquirer will lease the premises under the same contract terms as himself. 
 The Lessee will provide a copy
of the sublease agreement to the Lessor within ten days after its signature. 
 The Lessor is entitled to transfer his rights and obligations arising from
this agreement to third parties at all times, with a simple notification to the Lessee. 
 Article 16 - Rental guarantee 

As security for all of its obligations under this agreement, the Lessee will provide a bank guarantee solely in favor of the Lessor that is issued by a
recognized Belgian financial institution, in which an amount that is at least equivalent to six month’s rent is guaranteed. 

  
 -13- 

 This guarantee will issued and the letter of guarantee will be handed to the Lessor before the lease enters into
force. The bank guarantee will take effect when the leased premises are occupied. 
 The bank guarantee can be validly claimed by the Lessor by just sending
a registered letter to the bank and is payable at first request. 
 The guarantee cannot be used under any circumstances by the Lessee for his other
commitments, such as the payment of rent, to be fulfilled under this agreement. 
 The guarantee expires six months after the termination of the lease
agreement. 
 Article 17 - Payments and interest 

Regardless of all other rights and claims of the Lessor, all amounts that are due or still owing from the Lessee pursuant to this contract, by operation of law
and without requiring any form of notice, will bear interest equal to the then-applicable legal interest rate, plus three percent, with a minimum of ten percent (10%). Every month commenced applies as a full month. 

All collection costs of amounts due under this agreement (including legal costs, management and follow-up costs, fees,...) shall be borne by the Lessee and
this at a minimum of twenty-five thousand Belgian francs (25,000.00 BEF), or six hundred and nineteen Euros and seventy-three Euro cents (619.73 EUR). 

Article 18 - Termination of the lease agreement 
 Any
default or non-compliance with the agreement by the Lessee, of one of the clauses in this agreement, after first demand or notice of default is sent by registered mail, will be considered as a serious breach of contract by the parties. 

Only in accordance with the termination of the lease agreement to the detriment of the Lessee, compensation will be owed, which is set at (six) month’s
rent. This compensation is payable without prejudice to the rent and the charges until a new lessee leases the premises against lease terms that are better for the Lessor, plus any costs, expenses and expenditures arising from the termination,
without prejudice to the other obligations under the lease agreement. 
 In bankruptcy, composition, upon dissolution or liquidation of the Lessee, the
immediate termination of the lease can be demanded. In this case, the Lessee would owe the same compensation (see preceding paragraph). 
 Article 19 -
Expropriation 
 In the case of expropriation of the leased premises, the Lessee may demand no compensation whatsoever from the Lessor. The Lessee will
only be able to exercise his rights against the expropriating authority. 
 Article 20 - Visitation of the leased premises 

During the six months before the end of lease agreement, as well as when offering the logistics building for sale, the Lessee will give his consent to place
posters 

  
 -14- 

 
in high visibility locations in the leased premises or the building, announcing the leasing or sale. Thus, the Lessee will permit persons who must be accompanied by a representative of the
Lessor, and this by appointment, to visit the leased premises two days per week, in the morning or afternoon. 
 Article 21 - Internal regulations

 The Lessee undertakes to comply with the existing provisions, internal regulations and others, which apply to the building complex and the areas.
These regulations were transferred to the Lessor before occupancy, which he confirms. The persons appearing declare to be fully aware of these internal regulations, and release the undersigned Civil-law Notary from including further provisions on
this matter in the deed. All reasonable changes will be binding one month after notification thereof by registered mail to the Lessee. 
 Article 22 -
Date of service 
 All documents served by registered mail are considered to have been served on the date on which the registered letter was submitted at
the post office, proven by the date on the proof of shipment. 
 Article 23 - Advertising 

If the Lessee wishes to install advertising, he must first obtain the prior express and written consent of the Lessor. The necessary permit applications and
the like will be requested by the Lessee and at his expense. The Lessor has already agreed with installing a commonly used plexiglass plate in the business park, at the entrance of the building (company name). 

Article 24 - Election of domicile 
 For the implementation
of the lease agreement, the Lessor elects domicile at his registered office. The Lessee elects domicile at the leased premises and this from the time of occupancy of the building until the moment that this lease agreement is terminated and he has
vacated the leased premises. 
 Article 25 - Invalidity 

If any provision of this agreement is declared invalid or unenforceable by a competent court, the remaining provisions are still fully valid. With regard to
provisions that were found to be invalid or unenforceable in whole or in part, the parties will negotiate again in good faith, with the goal of replacing the invalid provision with a valid one, of which the economic results best corresponds with the
invalid provision in a manner that is consistent with the common intention of the parties. 
 Article 26 - Competent courts - Applicable law 

This agreement is governed by Belgian law. 
 For all disputes
concerning the provisions of this agreement, only the courts of Mechelen are competent. 
 Article 27 - Registration 

The lease agreement concluded on June thirtieth, nineteen hundred ninety-nine, concerning one thousand, one hundred square meters of office space (as well as
one hundred and 

  
 -15- 

 
forty-two square meters of common areas and twenty-two parking spaces) for a duration of nine years, was registered on August fourth, nineteen hundred ninety-nine and has following registration
record: 
 “Registered fourteen pages, - sealed, in Mechelen, 1st registration office, On August 4, 1999, book 6th/24 page 02, box 147, Received
one hundred and three thousand two hundred and eighty-five francs (103,285.00 Fr.), THE COLLECTOR, N. DEPUTTER.” As far as necessary, the persons appearing request the collector of registration duties for exemption from the proportionate right
to the rental price with appurtenances of PROPERTIES 1, 2 and 6 for, as far as the first nine years are concerned. 
 The costs, rights and remuneration of
this deed, including the extension of the term of the original lease agreement and the additional leases are to borne by the Lessee. 
 As regards to the
levying of registration duties on the Lessee, the parties estimate the charges imposed on the Lessee to be ten percent of the annual rent. The registration duty of zero point two percent will be levied on the combined amounts of rents and the
charges imposed on the Lessee for the term to be run. 
 Article 28 - Preferential rights 

This lease agreement will run until May thirty-first, two thousand fifteen, commencing on the date as mentioned in Article 8. The Lessee will receive the
preferential right to lease the leased premises again through, in that case, closing a lease agreement, based on the same conditions as this lease agreement (indexed rent amount). 

Article 29 - Soil Remediation Decree 
 PROPERTIES 1, 2,
3A, 3B, 3C and 4 
 1) the Lessors declare that there was a facility located or an activity that was carried out on or in the property that is included
in the list of facilities and activities that could cause soil contamination, as referred to in Article 3, paragraph 1 of the Soil Remediation Decree, as is likewise confirmed in letter from the city of Mechelen dated May thirty-first of last year,
stating that environmental permits were issued for the property for the activities that appear on the list of polluting activities within the meaning of the Soil Remediation Decree. The Lessees expressly declare in advance to have received a copy of
this letter and release the Lessors and the Civil-law Notary from including further provisions concerning this matter in this deed. 
 PROPERTIES 5 and 6

 1) the Lessors declare that there was no facility located or activity that was carried out on or in the property that is included in the list of
facilities and activities that could cause soil contamination, as referred to in Article 3, paragraph 1 of the Soil Remediation Decree, as is likewise confirmed in letter from the city of Mechelen dated May thirty-first of last year. The Lessees
expressly declare in advance to have received a copy of this letter and release the Lessors and the Civil-law Notary from including further provisions concerning this matter in this deed. 

In terms of both locations 
 The Lessors declare that in
terms of both properties, they complied with Article 37 and the following from the Soil Remediation Decree, in particular: 
  

	•	 	an initial soil survey was carried out with regard to both properties, under the leadership of the Private Limited Company Deckers Milieubeheer, recognized soil remediation expert, on July seventh, nineteen hundred
ninety-nine. 

  
 -16- 

	•	 	less than two years have passed since the initial soil survey. 

  

	•	 	The Lessor, being the Public Limited Company INNOTECH, declares through its representative that since the acquisition of the buildings, pursuant to the deed of April twelfth, two thousand, executed before Civil-law
Notary Marc Van Nuffel and Civil-law Notary Erik Celis, both of Antwerp, up to the moment this lease agreement takes effect, no facility was located or activity was carried out which is included in the list of facilities and activities that could
cause soil contamination, as referred to in Article 3, paragraph 1 of the Soil Remediation Decree. 

 2) the Lessor declares that the Lessee,
before closing this agreement, was notified of the content of the soil certificates issued by the Public Waste Agency of Flanders (OVAM) on November tenth, two thousand and on December nineteenth, two thousand, in accordance with Article 36§1
of the aforementioned Decree, the content of which is as follows: 
 “For this cadastral parcel, there is no data available in the register of
contaminated soils. 
 When the initial soil survey, “Initial soil survey of Generaal de Wittelaan 9-15 in Mechelen.” performed by Deckers
Milieubeheer bvba, dated 07.07.1999 was carried out, in which this cadastral parcel was included, elevated levels in relation to the background values were determined, in which a level where serious adverse effects may occur in humans or the
environment was not exceeded. 
 In accordance with the Soil Remediation Decree, soil remediation should not take place. 

Comment: 
 Ground on which a facility is or was
located, or an activity that is or was exercised that is included in the list referred to in Article 3§1 of the Soil Remediation Decree can only be transferred as of October 1, 1996 if an initial soil survey is provided to the OVAM in
advance with notification of the transfer”. 
 3) The Lessor declares, with respect to the aforementioned property, to have no knowledge of soil
contamination that could cause harm to the Lessee or to third parties, or which may give rise to an obligation to remediate the soil, to usage restrictions or other measures that may be imposed by the government in this regard. 

To the extent that the previous statement was made in good faith by the Lessor, the Lessee takes the risks of any soil contamination and the damage, as well
as the costs that may arise as a result, and he declares that the landowner will not be bound to give indemnity for this. 
 PROPERTIES 1, 3A, 3B and
3C 
 The properties will be used by the Lessee as a laboratory for biotechnology. In case of transfer by the owner, within the meaning of the Soil
Remediation Decree, the Lessee will thus advance all costs and pay for an initial soil survey, and if necessary, a descriptive soil survey, soil remediation project, soil remediation works and all other measures that may be imposed by the competent
authority. 
 The Lessors declare that they accept the data from the aforementioned initial soil survey conducted by Deckers Milieubeheer bvba on the date of
July seventh, nineteen hundred ninety-nine, as a baseline for the determination of any contamination caused by the Lessee. The Lessee notes that the premises located on the ground floor of the building will not be leased to him. At the outgoing
initial soil survey, the expert will therefore be given the express assignment, in case contamination is established, to find out who caused this contamination. The decision of the designated soil remediation expert, with regard to the cause of the
contamination, is binding on the persons appearing in this matter. 

  
 -17- 

 Article 30 - Decree on the Organization of Spatial Planning (DORO) 

The Lessor declares that as far as she is concerned, no expropriation order relating to the aforementioned properties was served, nor a preliminary draft, or
draft of a list of buildings, village or urban conservation area that require protection, nor a decision establishing the final protection as a building, village or urban conservation area, or as a landscape. 

The Lessor furthermore declares to have obtained the permits necessary for all installation and construction work that she had erected on the aforementioned
property and also ensured that all these installation and construction works were carried out in accordance with the constructions permits obtained. 
 In
addition, the Lessor declares to not to be aware of any construction violation. Since it was not yet published in the Belgian Official Gazette that the city of Mechelen, in which the aforementioned property is situated, already has a planning or
permits registry, the provisions of Articles 135, 137, 141 and 142 of the Decree on the Organization of Spatial Planning (DORO) are not yet applicable. 

The undersigned Civil-law Notary points out to the persons appearing out that Article 99 of DORO already applies, and that this article specifies for which
actions one needs a town planning permit in advance. Article 99 reads literally as follows: 
 “Article 99 

§ 1. Without a town planning permit in advance, no person may: 

1° construct, place one or more permanent facilities on the ground, demolish an existing permanent facility, or existing structure, rebuild, remodel or
expand, with the exception of conservation or maintenance work; 
 2° deforest, within the meaning of the Forest Decree of June 13, 1990 of
all tree-covered surfaces, as referred to in Article 3 § 1 and § 3 of that Decree. 
 3° fell tall trees, singly, in group or line
connection, in so far as they are not part of tree-covered surfaces, within the meaning of Article 3, § 1 and § 2 of the Forest Decree of June 13, 1990 

4° significantly change the relief of the soil; 

5° usually use, prepare, or organize the ground for: 
  

	a)	the storage of used or discarded vehicles, of all kinds of materials, equipment or waste; 

  

	b)	the parking of vehicles, cars or trailers; 

  

	c)	placing one or more portable facilities that can be used for residential purposes, such as caravans, campers, discarded vehicles, tents; 

 

	d)	placing one or more movable fixtures or rolling stock which essentially is used for advertising purposes; 

6° modify all or part of the main function of developed real estate with a view to a new function, in so far as this change in function appears on a
list to be drawn up by the Flemish Government of function changes that require a permit; 
 7° change the number of housing units in a building
that are intended for the accommodation of a family or a single person, regardless of whether it is a single-family dwelling, an apartment, a high-rise apartment building, a studio, or an unfurnished or furnished room; 

8° place or modify advertising installations or placards; 

9 ° construct or modify recreational fields, including a golf course, a football field, a tennis court, a swimming pool. 

Constructing and installing permanent facilities, as referred to in paragraph 1, 1°, means the erecting of a building or construction works or
installing a facility, even from non-sustainable materials, built into the ground, secured to the ground, 

  
 -18- 

 or resting on the ground for the sake of stability, and intended to remain standing on location, even if it
can be deconstructed, moved, or is completely underground. This also includes functionally bringing together materials, through which a permanent facility or construction comes into being, and the laying of pavement. 

Conservation or maintenance works, as referred to in paragraph 1, 1°, means works that set the building for the future by updating, repairing or
replacing worn or eroded materials or parts. (No works below that relate to the structural elements of the building may be included, such as: 

1° replacing roof trusses or load-bearing beams of the roof, with the exception of local repairs 

2° rebuilding or replacing, in whole or in part, outside walls, even with recovery of the existing stone.) 

A tall tree, as referred to in paragraph 1, 3°, is considered to be any tree that at a height of 1 meter above ground level, has a trunk circumference
of 1 meter. 
 A significant relief modification, as referred to in paragraph 1, 4°, is considered to be any addition, raising, excavation or
extension that changes the nature or function of the site. 
 Without prejudice to paragraph 1, 5°, c, no town planning permit is required for
camping with movable facilities on a campsite, within the meaning of the Decree of March 3, 1993, defining the statute of the areas for outdoor recreational accommodation. 

§ 2. The Flemish Government can determine the list of works, acts and amendments for which, because of their nature and/or size, by
way of derogation from § 1, no town planning permit is required. 
 § 3. Provincial and municipal planning regulations may
supplement the works, actions and modifications requiring a permit mentioned in § 1. They can also introduce a requirement for a town planning permit for the permit-exempt works and actions with application of § 2.” 

In its letter of October twenty-fifth, two thousand, the city of Mechelen has, with regard to the properties concerned, information relating to the condition
of urban planning, in the broadest sense and stating, among other things, the following: 
 “Regarding the property located at Generaal de Wittelaan
11A 
  

	•	 	A building permit for the property was issued with reference 542.98 for building offices. 

  

	•	 	on the property, an activity was exercised and/or a facility is or was located, which is included in Annex 1 of the Flemish Regulations Concerning Soil Remediation (VLAREBO), namely: the manufacture of varnishes and
paints, automotive assembly, transport company storing 80,000 liters of diesel. 

  

	•	 	an unexpired environmental permit applies to the property, namely: facilities for research and development. 

Regarding the property located at Generaal de Wittelaan 19 
  

	•	 	A building permit for the property was issued with references 204-92 and 802-92 for building a business park. 

Regarding both properties 
 The properties are:

  

	•	 	located in the MECHELEN regional plan, dated August fifth, nineteen hundred seventy-six, with the intended use of industrial area. 

 

	•	 	not located in a general development plan, but in a special development plan dated November thirtieth, nineteen hundred eighty-nine, with industry as the intended use. 

 

	•	 	not located in an unexpired allotment of land.” 

  
 -19- 

 The Lessee is required to comply with all the obligations arising from aforementioned intended use. 

FINAL STIPULATIONS 
 Release of ex
officio registration. 
 The land and mortgage registrar is released from taking an ex officio registration at the transfer of this deed.

 Explanation - Acceptance 
 The
persons appearing recognize that the Civil-law Notary has pointed out the specific obligations imposed on the Civil-law Notary by Article 9 § 1 subparagraphs 2 and 3 of the Act establishing the Notarial Profession and has explained that when a
notary blatantly finds conflicting interests or the presence of clearly unbalanced clauses, they must draw this to the attention of the parties and must inform them that each party is free to choose to appoint another notary, or to be assisted by
counsel. The Civil-law Notary must also fully inform each party of the rights, liabilities and expenses arising from the legal actions in which they are involved and must provide impartial advice to all parties. 

Those present confirmed that they believe there are no overt conflicts of interest with this and that they have included the clauses in this
deed to keep balanced and to accept this, both for themselves and their successors. 
 Election of domicile - Proof of identity 

In implementation of this deed, the parties elected domicile at their aforementioned registered office. 

The undersigned Civil-law Notary confirms that the identity of the persons appearing, natural persons, was demonstrated to her on the basis of
the aforementioned evidential identity cards. 
 WHEREOF DEED 

Executed in Mechelen, Schaliënhoevedreef 20A. 

After the deed was read in its entirety and explained, all parties, represented as mentioned above, signed together with us, Civil-law Notary. 

Registered, Mechelen 2nd R.E.G. office on March 1, 2001, ten pages, eleven postings, book 267, page
27, box 16. 
 Received one hundred and nine thousand and twenty-four francs (=109,024.00) 

The Receiver (signed) 
 LAUWERS M. 

CERTIFIED TRUE COPY 
 THE CIVIL-LAW NOTARY 

  
 -20-

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