Document:

EX-10.24

 Exhibit 10.24 
 

 
 STANDARD INDUSTRIAL/COMMERCIAL MULTI-TENANT LEASE - GROSS 

1. Basic Provisions (“Basic Provisions”). 

1.1 Parties. This Lease (“Lease”), dated for reference purposes only June 15, 2018 , is made by and between
Remillard Brick Kiln, LLC a California Limited Liability Company (“Lessor”) and Akili Interactive Labs, Inc. (“Lessee”), (collectively the “Parties”, or individually a “Party”).

 1.2(a) Premises: That certain real property, including all improvements therein or to be provided by Lessor under the terms of
this Lease, commonly known as (street address, unit/suite, city, state): 125 E. Sir Francis Drake Boulevard, Suite 300 & 301, Larkspur, CA 94939 (“Premises”). The Premises are located in the County of Marin ,and are
generally described as (describe briefly the nature of the Premises and the “Project”): Suite 300 & Suite 301 which are approximately 14,131 total rentable sq. ft. located within the 29,500 sq. ft. office building. The
Brick Kiln is a historical landmark built in approximately 1887. In addition to Lessee’s rights to use and occupy the Premises as hereinafter specified, Lessee shall have non-exclusive rights to any utility raceways of the building containing
the Premises (“Building”) and to the Common Areas (as defined in Paragraph 2.7 below), but shall not have any rights to the roof, or exterior walls of the Building or to any other buildings in the Project. The Premises, the
Building, the Common Areas, the land upon which they are located, along with all other buildings and improvements thereon, are herein collectively referred to as the “Project.” (See also Paragraph 2) 

1.2(b) Parking: 42 unreserved vehicle parking spaces. (See also Paragraph 2.6) 

1.3 Term: 7 years and 6 months (“Original Term”) commencing November 1, 2018 (See Paragraph 62)
(“Commencement Date”) and ending April 30, 2026 (“Expiration Date”). (See also Paragraph 3) 
 1.4
Early Possession: If the Premises are available Lessee may have non-exclusive possession of the Premises commencing See paragraph 51 (“Early Possession Date”). (See also Paragraphs 3.2 and 3.3) 

1.5 Base Rent: See paragraph 50 per month (“Base Rent”), payable on the 1st day of each month commencing See
Paragraph 50 . (See also Paragraph 4) 
 ☒ If this box is checked, there are provisions in this Lease for the Base Rent to be
adjusted. See Paragraph 52 . 
 1.6 Lessee’s Share of Common Area Operating Expenses: None percent ( N/A %)
(“Lessee’s Share”). In the event that the size of the Premises and/or the Project are modified during the term of this Lease, Lessor shall recalculate Lessee’s Share to reflect such modification. 

1.7 Base Rent and Other Monies Paid Upon Execution: 
  

	 	(a)	 Base Rent: See Paragraph 50 for the period
            . 

  

	 	(b)	 Common Area Operating Expenses: None for the period N/A . 

 

	 	(c)	 Security Deposit: See Paragraph 53 (“Security Deposit”). (See also Paragraph 5)

  

	 	(d)	 Other: None for N/A . 

 

	 	(e)	 Total Due Upon Execution of this Lease: $63,590.00 . 

1.8 Agreed Use: General and administrative office along with any other legally permitted uses. . (See also Paragraph 6) 

1.9 Insuring Party. Lessor is the “Insuring Party”. (See also Paragraph 8) 

1.10 Real Estate Brokers. (See also Paragraph 15 and 25) 
  

	 	(a)	 Representation: The following real estate brokers (the “Brokers”) and brokerage
relationships exist in this transaction (check applicable boxes): 

 ☒ Cushman & Wakefield U.S. Inc.
represents Lessor exclusively (“Lessor’s Broker”); 
 ☒ Jones Lang LaSalle Brokerage, Inc. represents Lessee
exclusively (“Lessee’s Broker”); or 
 ☐ represents both Lessor and Lessee (“Dual Agency”). 

(b) Payment to Brokers. Upon execution and delivery of this Lease by both Parties, Lessor shall pay to the Brokers the brokerage
fee agreed to in a separate written agreement (or if there is no such agreement, the sum of             or
            % of the total Base Rent) for the brokerage services rendered by the Brokers 

1.11 Guarantor. The obligations of the Lessee under this Lease are to be guaranteed by N/A (“Guarantor”). (See also
Paragraph 37) 
 1.12 Attachments. Attached hereto are the following, all of which constitute a part of this Lease: 

☒ an Addendum consisting of Paragraphs 50 through 62 ; 

☒ a site plan depicting the Premises; 

☐ a site plan depicting the Project; 

☒ a current set of the Rules and Regulations for the Project; 

☐ a current set of the Rules and Regulations adopted by the owners’ association; 

☐ a Work Letter; 
 ☐
other (specify):             . 
 2. Premises. 

2.1 Letting. Lessor hereby leases to Lessee, and Lessee hereby leases from Lessor, the Premises, for the term, at the
rental, and upon all of the terms, covenants and conditions set forth in this Lease. While the approximate square footage of the Premises may have been used in the marketing of the Premises for purposes of comparison, the Base Rent stated
herein is NOT tied to square footage and is not subject to adjustment should the actual size be determined to be different. NOTE: Lessee is advised to verify the actual size prior to executing this Lease. 

2.2 Condition. Lessor shall deliver that portion of the Premises contained within the Building (“Unit”) to Lessee
broom clean and free of debris on the Commencement Date or the Early Possession Date, whichever first occurs (“Start Date”), and, so long as the required service contracts described in Paragraph 7.1(b) below are obtained by Lessee
and in effect within thirty days following the Start Date, warrants that the existing electrical, plumbing, fire sprinkler, lighting, heating, ventilating and air conditioning systems (“HVAC”), loading doors, sump pumps, if any, and
all other such elements in the Unit, other than those constructed by Lessee, shall be in good operating condition on said date, that the structural elements of the roof, bearing walls and foundation of the Unit shall be free of material defects, and
that the Unit does not contain hazardous levels of any mold or fungi defined as toxic under applicable state or federal law. If a non-compliance with such warranty exists as of the Start Date, or if one of such systems or elements should malfunction
or fail within the appropriate warranty period, Lessor shall, as Lessor’s sole obligation with respect to such matter, except as otherwise provided in this Lease, promptly after receipt of written notice from Lessee setting forth with
specificity the nature and extent of such non-compliance, malfunction or failure, rectify same at Lessor’s expense. The warranty periods shall be as follows: (i) 6 months as to the HVAC systems, and (ii) 30 days as to the remaining
systems and other elements of the Unit. If Lessee does not give Lessor the required notice within the appropriate warranty period, correction of any such non-compliance, malfunction or failure shall be the obligation of Lessee at Lessee’s sole
cost and expense (except for the repairs to the fire sprinkler systems, roof, foundations, and/or bearing walls—see Paragraph 7). Lessor also warrants, that unless otherwise specified in writing, Lessor is unaware of (i) any recorded
Notices of Default affecting the Premise; (ii) any delinquent amounts due under any loan secured by the Premises; and (iii) any bankruptcy proceeding affecting the Premises. 

  

					
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 2.3 Compliance. Lessor warrants that to the best of its knowledge the improvements on
the Premises and the Common Areas comply with the building codes, applicable laws, covenants or restrictions of record, regulations, and ordinances (“Applicable Requirements”) that were in effect at the time that each improvement,
or portion thereof, was constructed. Said warranty does not apply to the use to which Lessee will put the Premises, modifications which may be required by the Americans with Disabilities Act or any similar laws as a result of Lessee’s use (see
Paragraph 49) other than Lessor’s Improvements (Paragraph 55),or to any Alterations or Utility Installations (as defined in Paragraph 7.3(a)) made or to be made by Lessee. NOTE: Lessee is responsible for determining whether or not the
Applicable Requirements, and especially the zoning are appropriate for Lessee’s intended use, and acknowledges that past uses of the Premises may no longer be allowed. If the Premises do not comply with said warranty, Lessor shall, except
as otherwise provided, promptly after receipt of written notice from Lessee setting forth with specificity the nature and extent of such non-compliance, rectify the same at Lessor’s expense. If Lessee does not give Lessor written notice of a
non-compliance with this warranty within 6 months following the Start Date, correction of that non-compliance shall be the obligation of Lessee at Lessee’s sole cost and expense. If the Applicable Requirements are hereafter changed so as to
require during the term of this Lease the construction of an addition to or an alteration of the Unit, Premises and/or Building, the remediation of any Hazardous Substance, or the reinforcement or other physical modification of the Unit, Premises
and/or Building (“Capital Expenditure”), Lessor and Lessee shall allocate the cost of such work as follows: 
 (a) Subject
to Paragraph 2.3(c) below, if such Capital Expenditures are required as a result of the specific and unique use of the Premises by Lessee as compared with uses by tenants in general, Lessee shall be fully responsible for the cost thereof, provided,
however, that if such Capital Expenditure is required during the last 2 years of this Lease and the cost thereof exceeds 6 months’ Base Rent, Lessee may instead terminate this Lease unless Lessor notifies Lessee, in writing, within 10 days
after receipt of Lessee’s termination notice that Lessor has elected to pay the difference between the actual cost thereof and the amount equal to 6 months’ Base Rent. If Lessee elects termination, Lessee shall immediately cease the use of
the Premises which requires such Capital Expenditure and deliver to Lessor written notice specifying a termination date at least 90 days thereafter. Such termination date shall, however, in no event be earlier than the last day that Lessee could
legally utilize the Premises without commencing such Capital Expenditure. 
 (b) If such Capital Expenditure is not the result of the
specific and unique use of the Premises by Lessee (such as, governmentally mandated seismic modifications), then Lessor shall pay for such Capital Expenditure and Lessee shall only be obligated to pay, each month during the remainder of the term of
this Lease or any extension thereof, on the date that on which the Base Rent is due, an amount equal to 1/144th of the portion of such costs reasonably attributable to the Premises. Lessee shall pay Interest on the balance but may prepay its
obligation at any time. If, however, such Capital Expenditure is required during the last 2 years of this Lease or if Lessor reasonably determines that it is not economically feasible to pay its share thereof, Lessor shall have the option to
terminate this Lease upon 90 days prior written notice to Lessee unless Lessee notifies Lessor, in writing, within 10 days after receipt of Lessor’s termination notice that Lessee will pay for such Capital Expenditure. If Lessor does not elect
to terminate, and fails to tender its share of any such Capital Expenditure, Lessee may advance such funds and deduct same, with Interest, from Rent until Lessor’s share of such costs have been fully paid. If Lessee is unable to finance
Lessor’s share, or if the balance of the Rent due and payable for the remainder of this Lease is not sufficient to fully reimburse Lessee on an offset basis, Lessee shall have the right to terminate this Lease upon 30 days written notice to
Lessor. 
 (c) Notwithstanding the above, the provisions concerning Capital Expenditures are intended to apply only to non-voluntary,
unexpected, and new Applicable Requirements. If the Capital Expenditures are instead triggered by Lessee as a result of an actual or proposed change in use, change in intensity of use, or modification to the Premises then, and in that event, Lessee
shall either: (i) immediately cease such changed use or intensity of use and/or take such other steps as may be necessary to eliminate the requirement for such Capital Expenditure, or (ii) complete such Capital Expenditure at its own
expense. Lessee shall not have any right to terminate this Lease. 
 2.4 Acknowledgements. Lessee acknowledges that: (a) it has
been given an opportunity to inspect and measure the Premises;; (b) it has been advised by Lessor and/or Brokers to satisfy itself with respect to the size and condition of the Premises (including but not limited to the electrical, HVAC and
fire sprinkler systems, security, environmental aspects, and compliance with Applicable Requirements and the Americans with Disabilities Act), and their suitability for Lessee’s intended use; (c) Lessee has made such investigation as it
deems necessary with reference to such matters and assumes all responsibility therefor as the same relate I to its occupancy of the Premises; (d) it is not relying on any representation as to the size of the Premises made by Brokers or
Lessor; (e) the square footage of the Premises was not material to Lessee’s decision to lease the Premises and pay the Rent stated herein, and (f) neither Lessor, Lessor’s agents, nor Brokers have made any oral or
written representations or warranties with respect to said matters other than as set forth in this Lease. In addition, Lessor acknowledges that: (i) Brokers have made no representations, promises or warranties concerning Lessee’s ability
to honor the Lease or suitability to occupy the Premises, and (ii) it is Lessor’s sole responsibility to investigate the financial capability and/or suitability of all proposed tenants. 

2.5 Lessee as Prior Owner/Occupant. The warranties made by Lessor in Paragraph 2 shall be of no force or effect if immediately
prior to the Start Date Lessee was the owner or occupant of the Premises. In such event, Lessee shall be responsible for any necessary corrective work. 

2.6 Vehicle Parking. Lessee shall be entitled to use the number of Parking Spaces specified in Paragraph 1.2(b) on those portions of
the Common Areas designated from time to time by Lessor for parking. Lessee shall not use more parking spaces than said number. Said parking spaces shall be used for parking by vehicles no larger than full-size passenger automobiles or pick-up
trucks, herein called “Permitted Size Vehicles.” Lessor may regulate the loading and unloading of vehicles by adopting Rules and Regulations as provided in Paragraph 2.9. No vehicles other than Permitted Size Vehicles may be parked
in the Common Area without the prior written permission of Lessor. In addition: 
 (a) Lessee shall not permit or allow any vehicles that
belong to or are controlled by Lessee or Lessee’s employees, suppliers, shippers, customers, contractors or invitees to be loaded, unloaded, or parked in areas other than those designated by Lessor for such activities. 

(b) Lessee shall not service or store any vehicles in the Common Areas. 

(c) If Lessee permits or allows any of the prohibited activities described in this Paragraph 2.6, then Lessor shall have the right, without
notice, in addition to such other rights and remedies that it may have, to remove or tow away the vehicle involved and charge the cost to Lessee, which cost shall be immediately payable upon demand by Lessor. 

2.7 Common Areas—Definition. The term “Common Areas” is defined as all areas and facilities outside the Premises
and within the exterior boundary line of the Project and interior utility raceways and installations within the Unit that are provided and designated by the Lessor from time to time for the general non-exclusive use of Lessor, Lessee and other
tenants of the Project and their respective employees, suppliers, shippers, customers, contractors and invitees, including parking areas, loading and unloading areas, trash areas, roofs, roadways, walkways, driveways and landscaped areas. 

2.8 Common Areas—Lessee’s Rights. Lessor grants to Lessee, for the benefit of Lessee and its employees, suppliers, shippers,
contractors, customers and invitees, during the term of this Lease, the non-exclusive right to use, in common with others entitled to such use, the Common Areas as they exist from time to time, subject to any rights, powers, and privileges reserved
by Lessor under the terms hereof or under the terms of any rules and regulations or restrictions governing the use of the Project. Under no circumstances shall the right herein granted to use the Common Areas be deemed to include the right to store
any property, temporarily or permanently, in the Common Areas. Any such storage shall be permitted only by the prior written consent of Lessor or Lessor’s designated agent, which consent may be revoked at any time. In the event that any
unauthorized storage shall occur, then Lessor shall have the right, without notice, in addition to such other rights and remedies that it may have, to remove the property and charge the cost to Lessee, which cost shall be immediately payable upon
demand by Lessor. 

  

					
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 2.9 Common Areas—Rules and Regulations. Lessor or such other person(s) as Lessor
may appoint shall have the exclusive control and management of the Common Areas and shall have the right, from time to time, to establish, modify, amend and enforce reasonable rules and regulations (“Rules and Regulations”) for the
management, safety, care, and cleanliness of the grounds, the parking and unloading of vehicles and the preservation of good order, as well as for the convenience of other occupants or tenants of the Building and the Project and their invitees.
Lessee agrees to abide by and conform to all such Rules and Regulations, and shall use its best efforts to cause its employees, suppliers, shippers, customers, contractors and invitees to so abide and conform. Lessor shall not be responsible to
Lessee for the non-compliance with said Rules and Regulations by other tenants of the Project but shall enforce said Rules and Regulations uniformly. 

2.10 Common Areas—Changes. Lessor shall have the right, in Lessor’s sole discretion, from time to time, provided it shall not
unreasonably interfere with Lessee’s access to or use of the Premises: 
 (a) To make changes to the Common Areas, including, without
limitation, changes in the location, size, shape and number of driveways, entrances, parking spaces, parking areas, loading and unloading areas, ingress, egress, direction of traffic, landscaped areas, walkways and utility raceways; 

(b) To close temporarily any of the Common Areas for maintenance purposes so long as reasonable access to the Premises remains available; 

(c) To designate other land outside the boundaries of the Project to be a part of the Common Areas; 

(d) To add additional buildings and improvements to the Common Areas; 

(e) To use the Common Areas while engaged in making additional improvements, repairs or alterations to the Project, or any portion thereof; and
(f) To do and perform such other acts and make such other changes in, to or with respect to the Common Areas and Project as Lessor may, in the exercise of sound business judgment, deem to be appropriate. 

3. Term. 
 3.1 Term. The
Commencement Date, Expiration Date and Original Term of this Lease are as specified in Paragraph 1.3. 
 3.2 Early Possession. Any
provision herein granting Lessee Early Possession of the Premises is subject to and conditioned upon the Premises being available for such possession prior to the Commencement Date. Any grant of Early Possession only conveys a non-exclusive right to
occupy the Premises. If Lessee totally or partially occupies the Premises prior to the Commencement Date, the obligation to pay Base Rent shall be abated for the period of such Early Possession. All other terms of this Lease (including but not
limited to the obligations to pay Lessee’s Share of Common Area Operating Expenses, Real Property Taxes and insurance premiums and to maintain the Premises) shall be in effect during such period. Any such Early Possession shall not affect the
Expiration Date. 
 3.3 Delay In Possession. Lessor agrees to use its best commercially reasonable efforts to deliver possession of
the Premises to Lessee by the Commencement Date. If, despite said efforts, Lessor is unable to deliver possession by such date, Lessor shall not be subject to any liability therefor, nor shall such failure affect the validity of this Lease or change
the Expiration Date. Lessee shall not, however, be obligated to pay Rent or perform its other obligations until Lessor delivers possession of the Premises and any period of rent abatement that Lessee would otherwise have enjoyed shall run from the
date of delivery of possession and continue for a period equal to what Lessee would otherwise have enjoyed under the terms hereof, but minus any days of delay caused by the acts or omissions of Lessee. If possession is not delivered within 60 days
after the Commencement Date, as the same may be extended under the terms of any Work Letter executed by Parties, Lessee may, at its option, by notice in writing within 10 days after the end of such 60 day period, cancel this Lease, in which event
the Parties shall be discharged from all obligations hereunder. If such written notice is not received by Lessor within said 10 day period, Lessee’s right to cancel shall terminate. If possession of the Premises is not delivered within 120 days
after the Commencement Date, this Lease shall terminate unless other agreements are reached between Lessor and Lessee, in writing. 
 3.4
Lessee Compliance. Lessor shall not be required to tender possession of the Premises to Lessee until Lessee complies with its obligation to provide evidence of insurance (Paragraph 8.5). Pending delivery of such evidence, Lessee shall be
required to perform all of its obligations under this Lease from and after the Start Date, including the payment of Rent, notwithstanding Lessor’s election to withhold possession pending receipt of such evidence of insurance. Further, if Lessee
is required to perform any other conditions prior to or concurrent with the Start Date, the Start Date shall occur but Lessor may elect to withhold possession until such conditions are satisfied. 

4. Rent. 
 4.1 Rent Defined. All
monetary obligations of Lessee to Lessor under the terms of this Lease (except for the Security Deposit) are deemed to be rent (“Rent”). 

4.2 Common Area Operating Expenses. Lessee shall pay to Lessor during the term hereof, in addition to the Base Rent,
Lessee’s Share (as specified in Paragraph 1.6) of all Common Area Operating Expenses, as hereinafter defined, during each calendar year of the term of this Lease, in accordance with the following provisions: 

(a) The following costs relating to the ownership and operation of the Project are defined as “Common Area Operating
Expenses”: 
 (i) Costs relating to the operation, repair and maintenance, in neat, clean, good order and
condition, but not the replacement (see subparagraph (e)), of the following: 
 (aa) The Common Areas and Common Area
improvements, including parking areas, loading and unloading areas, trash areas, roadways, parkways, walkways, driveways, landscaped areas, bumpers, irrigation systems, Common Area lighting facilities, fences and gates, elevators, roofs, exterior
walls of the buildings, building systems and roof drainage systems. 
 (bb) Exterior signs and any tenant
directories. 
 (cc) Any fire sprinkler systems. 

(dd) All other areas and improvements that are within the exterior boundaries of the Project but outside of the Premises and/or any
other space occupied by a tenant. 
 (ii) The cost of water, gas, electricity and telephone to service the Common Areas and
any utilities not separately metered. 
 (iii) The cost of trash disposal, pest control services, property management,
security services, owners’ association dues and fees, the cost to repaint the exterior of any structures and the cost of any environmental inspections. 

(iv) Reserves set aside for maintenance and repair of Common Areas and Common Area equipment. 

(v) Any increase above the Base Real Property Taxes (as defined in Paragraph 10). 

(vi) Any “Insurance Cost Increase” (as defined in Paragraph 8). 

(vii) Any deductible portion of an insured loss concerning the Building or the Common Areas. 

(viii) Auditors’, accountants’ and attorneys’ fees and costs related to the operation, maintenance, repair and
replacement of the Project. 
 (ix) The cost of any capital improvement to the Building or the Project not covered under
the provisions of Paragraph 2.3 provided; however, that Lessor shall allocate the cost of any such capital improvement over a 12 year period and Lessee shall not be required to pay more than Lessee’s Share of 1/144th of the cost of such capital
improvement in any given month. Lessee shall pay Interest on the unamortized balance but may prepay its obligation at any time 

(x) The cost of any other services to be provided by Lessor that are stated elsewhere in this Lease to be a Common Area Operating
Expense. 
 (b) Any Common Area Operating Expenses and Real Property Taxes that are specifically attributable to the Unit,
the Building or to any other building in the Project or to the operation, repair and maintenance thereof, shall be allocated entirely to such Unit, Building, or other building. However, any Common Area Operating Expenses and Real Property Taxes that
are not specifically attributable to the Building or to any other building or to the operation, repair and maintenance thereof, shall be equitably allocated by Lessor to all buildings in the Project. 

  

					
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 (c) The inclusion of the improvements, facilities and services set forth in
Subparagraph 4.2(a) shall not be deemed to impose an obligation upon Lessor to either have said improvements or facilities or to provide those services unless the Project already has the same, Lessor already provides the services, or Lessor has
agreed elsewhere in this Lease to provide the same or some of them. 
 (d) Lessee’s Share of Common Area Operating
Expenses is payable monthly on the same day as the Base Rent is due hereunder. The amount of such payments shall be based on Lessor’s estimate of the annual Common Area Operating Expenses. Within 60 days after written request (but not more than
once each year) Lessor shall deliver to Lessee a reasonably detailed statement showing Lessee’s Share of the actual Common Area Operating Expenses for the preceding year. If Lessee’s payments during such year exceed Lessee’s Share,
Lessor shall credit the amount of such over payment against Lessee’s future payments. If Lessee’s payments during such year were less than Lessee’s Share, Lessee shall pay to Lessor the amount of the deficiency within 10 days after
delivery by Lessor to Lessee of the statement. 
 (e) Common Area Operating Expenses shall not include the cost of replacing
equipment or capital components such as the roof, foundations, exterior walls or Common Area capital improvements, such as the parking lot paving, elevators, fences that have a useful life for accounting purposes of 5 years or more. 

(f) Common Area Operating Expenses shall not include any expenses paid by any tenant directly to third parties, or as to which Iessor
is otherwise reimbursed by any third party, other tenant, or insurance proceeds 
 4.3 Payment. Lessee shall cause payment
of Rent to be received by Lessor in lawful money of the United States, without offset or deduction (except as specifically permitted in this Lease), on or before the day on which it is due. All monetary amounts shall be rounded to the nearest whole
dollar. In the event that any statement or invoice prepared by Lessor is inaccurate such inaccuracy shall not constitute a waiver and Lessee shall be obligated to pay the amount set forth in this Lease. Rent for any period during the term hereof
which is for less than one full calendar month shall be prorated based upon the actual number of days of said month. Payment of Rent shall be made to Lessor at its address stated herein or to such other persons or place as Lessor may from time to
time designate in writing. Acceptance of a payment which is less than the amount then due shall not be a waiver of Lessor’s rights to the balance of such Rent, regardless of Lessor’s endorsement of any check so stating. In the event that
any check, draft, or other instrument of payment given by Lessee to Lessor is dishonored for any reason, Lessee agrees to pay to Lessor the sum of $25 in addition to any Late Charge and Lessor, at its option, may require all future Rent be paid by
cashier’s check or ACH transfer. Payments will be applied first to accrued late charges and attorney’s fees, second to accrued interest, then to Base Rent and Common Area Operating Expenses, and any remaining amount to any other
outstanding charges or costs. 
 5. Security Deposit. Lessee shall deposit with Lessor upon execution hereof the Security Deposit as security for
Lessee’s faithful performance of its obligations under this Lease. If Lessee fails to pay Rent, or otherwise Defaults under this Lease, Lessor may use, apply or retain all or any portion of said Security Deposit for the | payment of any amount
already due Lessor, for Rents which will be due in the future, and/ or to reimburse or compensate Lessor for any liability, expense, loss or damage which Lessor may suffer or incur by reason thereof. If Lessor uses or applies all or
any portion of the Security Deposit, Lessee shall within 10 days after written request therefor deposit monies with Lessor sufficient to restore said Security Deposit to the full amount required by this Lease. If the Base Rent increases
during the term of this Lease, Lessee shall, upon written request from Lessor, deposit additional monies with Lessor so that the total amount of the Security Deposit shall at all times bear the same proportion to the increased Base Rent as the
initial Security Deposit bore to the initial Base Rent. Should the Agreed Use be amended to accommodate a material change in the business of Lessee or to accommodate a sublessee or assignee, Lessor shall have the right to increase the
Security Deposit to the extent necessary, in Lessor’s reasonable judgment, to account for any increased wear and tear that the Premises may suffer as a result thereof. If a change in control of Lessee occurs during this Lease and following such
change the financial condition of Lessee is, in Lessor’s reasonable judgment, significantly reduced, Lessee shall deposit such additional monies with Lessor as shall be sufficient to cause the Security Deposit to be at a commercially reasonable
level based on such change in | financial condition. Lessor shall not be required to keep the Security Deposit separate from its general accounts. Within 9 30 days after the expiration or termination of this Lease, Lessor shall return that portion
of the Security Deposit not used or applied by Lessor. Lessor shall upon written request provide Lessee with an accounting showing how that portion of the Security Deposit that was not returned was applied. No part of the Security Deposit shall be
considered to be held in trust, to bear interest or to be prepayment for any monies to be paid by Lessee under this Lease. THE SECURITY DEPOSIT SHALL NOT BE USED BY LESSEE IN LIEU OF PAYMENT OF THE LAST MONTH’S RENT. 

6. Use. 
 6.1 Use. Lessee shall
use and occupy the Premises only for the Agreed Use, or any other legal use which is reasonably comparable thereto, and for no other purpose. Lessee shall not use or permit the use of the Premises in a manner that is unlawful, creates damage, waste
or a nuisance, or that disturbs occupants of or causes damage to neighboring premises or properties. Other than guide, signal and seeing eye dogs, Lessee shall not keep or allow in the Premises any pets, animals, birds, fish, or reptiles. Lessor
shall not unreasonably withhold or delay its consent to any written request for a modification of the Agreed Use, so long as the same will not impair the structural integrity of the Building or the mechanical or electrical systems therein, and/or is
not significantly more burdensome to the Project. If Lessor elects to withhold consent, Lessor shall within 7 days after such request give written notification of same, which notice shall include an explanation of Lessor’s objections to the
change in the Agreed Use. 
 6.2 Hazardous Substances. 

(a) Reportable Uses Require Consent. The term “Hazardous Substance” as used in this Lease shall mean any product,
substance, or waste whose presence, use, manufacture, disposal, transportation, or release, either by itself or in combination with other materials expected to be on the Premises, is either: (i) potentially injurious to the public health,
safety or welfare, the environment or the Premises; (ii) regulated or monitored by any governmental authority, or (iii) a basis for potential liability of Lessor to any governmental agency or third party under any applicable statute or
common law theory. Hazardous Substances shall include, but not be limited to, hydrocarbons, petroleum, gasoline, and/or crude oil or any products, by-products or fractions thereof. Lessee shall not engage in any activity in or on the Premises which
constitutes a Reportable Use of Hazardous Substances without the express prior written consent of Lessor and timely compliance (at Lessee’s expense) with all Applicable Requirements. “Reportable Use” shall mean (i) the
installation or use of any above or below ground storage tank; (ii) the generation, possession, storage, use, transportation, or disposal of a Hazardous Substance that requires a permit from, or with respect to which a report, notice,
registration or business plan is required to be filed with, any governmental authority, and/or (iii) the presence at the Premises of a Hazardous Substance with respect to which any Applicable Requirements requires that a notice be given to
persons entering or occupying the Premises or neighboring properties. Notwithstanding the foregoing, Lessee may use any ordinary and customary materials reasonably required to be used in the normal course of the Agreed Use, ordinary office supplies
(copier toner, liquid paper, glue, etc.) and common household cleaning materials, so long as such use is in compliance with all Applicable Requirements, is not a Reportable Use, and does not expose the Premises or neighboring property to any
meaningful risk of contamination or damage or expose Lessor to any liability therefor. In addition, Lessor may condition its consent to any Reportable Use upon receiving such additional assurances as Lessor reasonably deems necessary to protect
itself, the public, the Premises and/or the environment against damage, contamination, injury and/or liability, including, but not limited to, the installation (and removal on or before Lease expiration or termination) of protective modifications
(such as concrete encasements) and/or increasing the Security Deposit. 
 (b) Duty to Inform Lessor. If Lessee knows, or has
reasonable cause to believe, that a Hazardous Substance has come to be located in, on, under or about the Premises, other than as previously consented to by Lessor, Lessee shall immediately give written notice of such fact to Lessor, and provide
Lessor with a copy of any report, notice, claim or other documentation which it has concerning the presence of such Hazardous Substance. 

  

					
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 (c) Lessee Remediation. Lessee shall not cause or permit any Hazardous Substance to
be spilled or released in, on, under, or about the Premises (including through the plumbing or sanitary sewer system) and shall promptly, at Lessee’s expense, comply with all Applicable Requirements and take all investigatory | and/or remedial
action reasonably recommended, whether or not formally ordered or required, for the cleanup of any contamination of, and for the maintenance, security and/or monitoring of the Premises or neighboring properties, that was caused or
materially contributed to by Lessee, or pertaining to or involving any Hazardous Substance brought onto the Premises during the term of this Lease, by or for Lessee, or any third party. 

(d) Lessee Indemnification. Lessee shall indemnify, defend and hold Lessor, its agents, employees, lenders and ground lessor, if any,
harmless from and against any and all loss of rents and/or damages, liabilities, judgments, claims, expenses, penalties, and attorneys’ and consultants’ fees arising out of or involving any Hazardous Substance brought onto the Premises by
or for Lessee, or any third party (provided, however, that Lessee shall have no liability under this Lease with respect to underground migration of any Hazardous Substance under the Premises from areas outside of the Project not caused or
contributed to by Lessee). Lessee’s obligations shall include, but not be limited to, the effects of any contamination or injury to person, property or the environment created or suffered by Lessee, and the cost of investigation, removal,
remediation, restoration and/or abatement, and shall survive the expiration or termination of this Lease. No termination, cancellation or release agreement entered into by Lessor and Lessee shall release Lessee from its obligations under this Lease
with respect to Hazardous Substances, unless specifically so agreed by Lessor in writing at the time of such agreement. 
 (e) Lessor
Indemnification. Except as otherwise provided in paragraph 8.7, Lessor and its successors and assigns shall indemnify, defend, reimburse and hold Lessee, its employees and lenders, harmless from and against any and all environmental damages,
including the cost of remediation, which are suffered as a direct result of Hazardous Substances on the Premises prior to Lessee taking possession or which are caused by the gross negligence or willful misconduct of Lessor, its agents or employees.
Lessor’s obligations, as and when required by the Applicable Requirements, shall include, but not be limited to, the cost of investigation, removal, remediation, restoration and/or abatement, and shall survive the expiration or termination of
this Lease. 
 (f) Investigations and Remediations. Lessor shall retain the responsibility and pay for any investigations or
remediation measures required by governmental entities having jurisdiction with respect to the existence of Hazardous Substances on the Premises prior to the Lessee taking possession, unless such remediation measure is required as a result of
Lessee’s use (including “Alterations”, as defined in paragraph 7.3(a) below) of the Premises, in which event Lessee shall be responsible for such payment. Lessee shall cooperate fully in any such activities at the request of Lessor,
including allowing Lessor and Lessor’s agents to have reasonable access to the Premises at reasonable times in order to carry out Lessor’s investigative and remedial responsibilities. 

(g) Lessor Termination Option. If a Hazardous Substance Condition (see Paragraph 9.1(e)) occurs during the term of this Lease, unless
Lessee is legally responsible therefor (in which case Lessee shall make the investigation and remediation thereof required by the Applicable Requirements and this Lease shall continue | in full force and effect, but subject to Lessor’s rights
under Paragraph 6.2(d) and Paragraph 13), Lessor shall may, at Lessor’s option, either (i) investigate and remediate such Hazardous Substance Condition, if required, as soon as reasonably possible at Lessor’s expense,
in which event this Lease shall continue in full force and effect. ,or (ii)if the estimated cost to remediate such condition exceeds 12 times the then monthly Base Rent or $100,000, whichever is greater, give written notice
to Lessee, within 30 days after receipt by Lessor of knowledge of the occurrence of such Hazardous Substance Condition, of Lessor’s desire to terminate this Lease as of the date 60 days following the date of such notice. In the event Lessor
elects to give a termination notice, Lessee may, within 10 days thereafter, give written notice to Lessor of Lessee’s commitment to pay the amount by which the cost of the remediation of such Hazardous Substance Condition exceeds an amount
equal to 12 times the then monthly Base Rent or $100,000, whichever is greater. Lessee shall provide Lessor with said funds or satisfactory assurance thereof within 30 days following such commitment. In such event, this Lease shall continue in full
force and effect, and Lessor shall proceed to make such remediation as soon as reasonably possible after the required funds are available. If Lessee does not give such notice and provide the required funds or assurance thereof within the time
provided, this Lease shall terminate as of the date specified in Lessor’s notice of termination. 
 6.3 Lessee’s
Compliance with Applicable Requirements. Except as otherwise provided in this Lease, Lessee shall, at Lessee’s sole expense, fully, diligently and in a timely manner, materially comply with all Applicable Requirements, the requirements of
any applicable fire insurance underwriter or rating bureau, and the recommendations of Lessor’s engineers and/or consultants which relate in any manner to the Premises, without regard to whether said Applicable Requirements are now in effect or
become effective after the Start Date. Lessee shall, within 10 days after receipt of Lessor’s written request, provide Lessor with copies of all permits and other documents, and other information evidencing Lessee’s compliance with any
Applicable Requirements specified by Lessor, and shall immediately upon receipt, notify Lessor in writing (with copies of any documents involved) of any threatened or actual claim, notice, citation, warning, complaint or report pertaining to or
involving the failure of Lessee or the Premises to comply with any Applicable Requirements. Likewise, Lessee shall immediately give written notice to Lessor of: (i) any water damage to the Premises and any suspected seepage, pooling, dampness
or other condition conducive to the production of mold; or (ii) any mustiness or other odors that might indicate the presence of mold in the Premises. 

6.4 Inspection; Compliance. Lessor and Lessor’s “Lender”(as defined in Paragraph 30) and consultants authorized
by Lessor shall have the right to enter into Premises at any time in the case of an emergency, and otherwise at reasonable times after reasonable notice, for the purpose of inspecting and/or testing the condition of the Premises and/or for verifying
compliance by Lessee with this Lease. The cost of any such inspections shall be paid by Lessor, unless a material Lessee violation of Applicable Requirements, or a Hazardous Substance Condition (see Paragraph 9.1) is found to exist or be imminent,
or the inspection is requested or ordered by a governmental authority and is related to Lessee’s specific use of the Premises. In such case, Lessee shall upon request reimburse Lessor for the cost of such inspection, so long as such inspection
is reasonably related to the violation or contamination. In addition, Lessee shall provide copies of all relevant material safety data sheets (MSDS)to Lessor within 10 days of the receipt of written request therefor. Lessee
acknowledges that any failure on its part to allow such inspections or testing will expose Lessor to risks and potentially cause Lessor to incur costs not contemplated by this Lease, the extent of which will be extremely difficult to ascertain.
Accordingly, should the Lessee fail to allow such inspections and/or testing in a timely fashion the Base Rent shall be automatically increased, without any requirement for notice to Lessee, by an amount equal to 10% of the then existing Base Rent
or $100, whichever is greater for the remainder to the Lease. The Parties agree that such increase in Base Rent represents fair and reasonable compensation for the additional risk/costs that Lessor will incur by reason of Lessee’s failure to
allow such inspection and/or testing. Such increase in Base Rent shall in no event constitute a waiver of Lessee’s Default or Breach with respect to such failure nor prevent the exercise of any of the other rights and remedies granted
hereunder. Lessee acknowledges that any failure on its part to allow such inspections or testing will expose Lessor to risks and potentially cause Lessor to incur costs not contemplated by this Lease, the extent of which will be extremely difficult
to ascertain. Accordingly, should the Lessee fail to allow such inspections and/or testing in a timely fashion the Base Rent shall be automatically increased, without any requirement for notice to Lessee, by an amount equal to 10% of the then
existing Base Rent or $100, whichever is greater for the remainder to the Lease. The Parties agree that such increase in Base Rent represents fair and reasonable compensation for the additional risk/costs that Lessor will incur by reason of
Lessee’s failure to allow such inspection and/or testing. Such increase in Base Rent shall in no event constitute a waiver of Lessee’s Default or Breach with respect to such failure nor prevent the exercise of any of the other rights and
remedies granted hereunder. 
 7. Maintenance; Repairs; Utility Installations; Trade Fixtures and Alterations. 

7.1 Lessee’s Obligations. 

(a) In General. Subject to the provisions of Paragraph 2.2 (Condition), 2.3 (Compliance), 6.3 (Lessee’s Compliance with Applicable
Requirements), 7.2 (Lessor’s Obligations), 9 (Damage or Destruction), and 14 (Condemnation), Lessee shall, at Lessee’s sole expense, keep the Premises, Utility Installations (intended for Lessee’s exclusive use, no matter where
located), and Alterations in good order, condition and repair (whether or not the portion of the Premises requiring repairs, or the means of repairing the same, are reasonably or readily accessible to Lessee, and whether or not the need for such
repairs occurs as a result of Lessee’s use, any | 

  

					
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prior use, the elements or the age of such portion of the Premises), including, but not limited to, all equipment or facilities, such as plumbing, server room HVAC equipment, electrical, lighting
facilities, boilers, pressure vessels, fixtures, interior walls, interior surfaces of exterior walls, ceilings, floors, windows, doors, plate glass, and skylights but excluding any items which are the responsibility of Lessor pursuant to Paragraph
7.2. Lessee, in keeping the Premises in good order, condition and | repair, shall exercise and perform good maintenance practices, specifically including the procurement and maintenance of the service contracts required by Paragraph 7.1(b) below.
Lessee’s obligations shall include restorations, replacements or renewals when necessary to keep the Premises and all improvements thereon or apart thereof in good order, condition and state of repair. 

(b) Service Contracts. Lessee shall, at Lessee’s sole expense, procure and maintain contracts, with copies to Lessor, in customary
form and substance for, and with contractors specializing and experienced in the maintenance of the following equipment and improvements, if any, if and when installed on the Premises: (i) HVAC equipment, (ii) boiler and pressure vessels,
and (iii) clarifiers. However, Lessor reserves the right, upon notice to Lessee, to procure and maintain any or all of such service contracts, and Lessee shall reimburse Lessor, upon demand, for the cost thereof. 

(c) Failure to Perform. If Lessee fails to perform Lessee’s obligations under this Paragraph 7.1, Lessor may enter upon the
Premises after 10 days’ prior written notice to Lessee (except in the case of an emergency, in which case no notice shall be required), perform such obligations on Lessee’s behalf, and put the Premises in good order, condition and repair,
and Lessee shall promptly pay to Lessor a sum equal to 115% of the cost thereof. 
 (d) Replacement. Subject to Lessee’s
indemnification of Lessor as set forth in Paragraph 8.7 below, and without relieving Lessee of liability resulting from Lessee’s failure to exercise and perform good maintenance practices, if an item described in Paragraph 7.1(b) cannot be
repaired other than at a cost which is in excess of 50% of the cost of replacing such item, then such item shall be replaced by Lessor, and the cost thereof shall be prorated between the Parties and Lessee shall only be obligated to pay, each month
during the remainder of the term of this Lease, on the date on which Base Rent is due, an amount equal to the product of multiplying the cost of such replacement by a fraction, the numerator of which is one, and the denominator of which is 144 (ie.
1/144th of the cost per month). Lessee shall pay Interest on the unamortized balance but may prepay its obligation at any time. 
 7.2
Lessor’s Obligations. Subject to the provisions of Paragraphs 2.2 (Condition), 2.3 (Compliance), 4.2 (Common Area Operating Expenses), 6(Use), 7.1 | (Lessee’s Obligations), 9 (Damage or Destruction) and 14 (Condemnation), Lessor,
subject to reimbursement pursuant to Paragraph 4.2, shall keep in good order, condition and repair the foundations, exterior walls, structural condition of interior bearing walls, exterior roof, fire sprinkler system, Common Area fire alarm and/or
smoke detection systems, fire hydrants, parking lots, walkways, parkways, driveways, landscaping, fences, signs and utility systems serving the Common Areas and all parts thereof, as well as providing the services for which there is a Common Area
Operating Expense pursuant to Paragraph 4.2. Lessor shall not be obligated to paint the exterior or interior surfaces of exterior walls nor shall Lessor be obligated to maintain, repair or replace windows, doors or plate glass of the Premises. 

7.3 Utility Installations; Trade Fixtures; Alterations. 

(a) Definitions. The term “Utility Installations” refers to all floor and window coverings, air and/or vacuum lines,
power panels, electrical distribution, security and fire protection systems, communication cabling, lighting fixtures, HVAC equipment, plumbing, and fencing in or on the Premises. The term “Trade Fixtures” shall mean Lessee’s
machinery and equipment that can be removed without doing material damage to the Premises. The term “Alterations” shall mean any modification of the improvements, other than Utility Installations or Trade Fixtures, whether by addition or
deletion. “Lessee Owned Alterations and/or Utility Installations” are defined as Alterations and/or Utility Installations made by Lessee that are not yet owned by Lessor pursuant to Paragraph 7.4(a). 

(b) Consent. Lessee shall not make any Alterations or Utility Installations to the Premises without Lessor’s prior written consent.
Lessee may, however, make non-structural Alterations or Utility Installations to the interior of the Premises (excluding the roof) without such consent but upon notice to Lessor, as long as they are not visible from the outside, do not involve
puncturing, relocating or removing the roof or any existing walls, will not affect the electrical, plumbing, HVAC, and/or life safety systems, do not trigger the requirement for additional modifications and/or improvements to the Premises resulting
from Applicable Requirements, such as compliance with Title 24, and the cumulative cost thereof during this Lease as extended does not exceed a sum equal to 3 month’s Base Rent in the aggregate or a sum equal to one month’s Base Rent in
any one year. Notwithstanding the foregoing, Lessee shall not make or permit any roof penetrations and/or install anything on the roof without the prior written approval of Lessor. Lessor may, as a precondition to granting such approval, require
Lessee to utilize a contractor chosen and/or approved by Lessor. Any Alterations or Utility Installations that Lessee shall desire to make and which require the consent of the Lessor shall be presented to Lessor in written form with detailed plans.
Consent shall be deemed conditioned upon Lessee’s: (i) acquiring all applicable governmental permits, (ii) furnishing Lessor with copies of both the permits and the plans and specifications prior to commencement of the work, and
(iii) compliance with all conditions of said permits and other Applicable Requirements in a prompt and expeditious manner. Any Alterations or Utility Installations shall be performed in a workmanlike manner with good and sufficient materials.
Lessee shall promptly upon completion furnish Lessor with as-built plans and specifications. For work which costs an amount in excess of one month’s Base Rent, Lessor may condition its consent upon Lessee providing alien and completion bond in
an amount equal to 150% of the estimated cost of such Alteration or Utility Installation and/or upon Lessee’s posting an additional Security Deposit with Lessor. 

(c) Liens; Bonds. Lessee shall pay, when due, all claims for labor or materials furnished or alleged to have been furnished to or for
Lessee at or for use on the Premises, which claims are or may be secured by any mechanic’s or materialmen’s lien against the Premises or any interest therein. Lessee shall give Lessor not less than 10 days notice prior to the commencement
of any work in, on or about the Premises, and Lessor shall have the right to post notices of non-responsibility. If Lessee shall contest the validity of any such lien, claim or demand, then Lessee shall, at its sole expense defend and protect
itself, Lessor and the Premises against the same and shall pay and satisfy any such adverse judgment that may be rendered thereon before the enforcement thereof. If Lessor shall require, Lessee shall furnish a surety bond in an amount equal to 150%
of the amount of such contested lien, claim or demand, indemnifying Lessor against liability for the same. If Lessor elects to participate in any such action, Lessee shall pay Lessor’s attorneys’ fees and costs. 

7.4 Ownership; Removal; Surrender; and Restoration. 

(a) Ownership. Subject to Lessor’s right to require removal or elect ownership as hereinafter provided, all Alterations and Utility
Installations made by Lessee shall be the property of Lessee, but considered a part of the Premises. Lessor may, at any time, elect in writing to be the owner of all or any specified part of the Lessee Owned Alterations and Utility Installations.
Unless otherwise instructed per paragraph 7.4(b) hereof, all Lessee Owned Alterations and Utility Installations shall, at the expiration or termination of this Lease, become the property of Lessor and be surrendered by Lessee with the Premises. 

(b) Removal. By delivery to Lessee of written notice from Lessor at the time Lessee seeks Lessor’s consent not earlier than
90 and not later than 30 days prior to the end of the term of this Lease, Lessor may require that any or all Lessee Owned Alterations or Utility Installations be removed by the expiration or termination of this Lease. Lessor may require the
removal at any time of all or any part of any Lessee Owned Alterations or Utility Installations made without the required consent. 
 (c)
Surrender; Restoration. Lessee shall surrender the Premises by the Expiration Date or any earlier termination date, with all of the improvements, parts and surfaces thereof broom clean and free of debris, and in good operating order, condition
and state of repair, ordinary wear and tear excepted. “Ordinary wear and tear” shall not include any damage or deterioration that would have been prevented by good maintenance practice. Notwithstanding the foregoing, if the Lessee occupies
the Premises for 12 months or less, then Lessee shall surrender the Premises in the same condition as delivered to Lessee on the Start Date with NO allowance for ordinary wear and tear. Lessee shall repair any damage occasioned by the installation,
maintenance or removal of Trade Fixtures, Lessee owned Alterations and/or Utility Installations, furnishings, and equipment as well as the removal of any storage tank installed by or for Lessee. Lessee shall also remove from the Premises any and all
Hazardous Substances brought onto the Premises by or for Lessee, or any third party (except Hazardous Substances which were deposited via underground migration from areas outside of the Premises) to the level specified in Applicable Requirements.
Trade Fixtures shall remain the property of Lessee 

  

					
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and shall be removed by Lessee. Any personal property of Lessee not removed on or before the Expiration Date or any earlier termination date shall be deemed to have been abandoned by Lessee and
may be disposed of or retained by Lessor as Lessor may desire. The failure by Lessee to timely vacate the Premises pursuant to this Paragraph 7.4(c) without the express written consent of Lessor shall constitute a holdover under the provisions of
Paragraph 26 below. 
 8. Insurance; Indemnity. 

8.1 Payment of Premium Increases. 

(a) As used herein, the term “Insurance Cost Increase” is defined as any increase in the actual cost of the insurance
applicable to the Building and/or the Project and required to be carried by Lessor, pursuant to Paragraphs 8.2(b), 8.3(a) and 8.3(b), over and above the Base Premium, as hereinafter defined, calculated on an annual basis. Insurance Cost Increase
shall include, but not be limited to, requirements of the holder of a mortgage or deed of trust covering the Premises, Building and/or Project, increased valuation of the Premises, Building and/or Project, and/or a general premium rate increase. The
term Insurance Cost Increase shall not, however, include any premium increases resulting from the nature of the occupancy of any other tenant of the Building The “Base Premium” shall be the annual premium applicable to the 1? month
period immediately preceding the Start Date If, however, the Project was not insured for the entirety of such 1? month period, then the Base Premium shall be the lowest annual premium reasonably obtainable for the Required Insurance as of the Start
Date, assuming the most nominal use possible of the Building. In no event, however, shall Lessee be responsible for any portion of the premium cost attributable to liability insurance coverage in excess of $2,000,000 procured under Paragraph
8.2(b). 
 (b) Lessee shall pay any Insurance Cost Increase to Lessor pursuant to Paragraph 4.2. Premiums for policy periods
commencing prior to, or extending beyond, the term of this Lease shall be prorated to coincide with the corresponding Start Date or Expiration Date. 

8.2 Liability Insurance. 

(a) Carried by Lessee. Lessee shall obtain and keep in force a Commercial General Liability policy of insurance protecting Lessee and
Lessor as an additional insured against claims for bodily injury, personal injury and property damage based upon or arising out of the ownership, use, occupancy or maintenance of the Premises and all areas appurtenant thereto. Such insurance shall
be on an occurrence basis providing single limit coverage in an amount not less than $1,000,000 per occurrence with an annual aggregate of not less than $2,000,000. Lessee shall add Lessor as an additional insured by means of an endorsement at least
as broad as the Insurance Service Organization’s “Additional Insured-Managers or Lessors of Premises” Endorsement. The policy shall not contain any intra-insured exclusions as between insured persons or organizations, but shall
include coverage for liability assumed under this Lease as an “insured contract” for the performance of Lessee’s indemnity obligations under this Lease. The limits of said insurance shall not, however, limit the liability of
Lessee nor relieve Lessee of any obligation hereunder. Lessee shall provide an endorsement on its liability policy(ies) which provides that its insurance shall be primary to and not contributory with any similar insurance carried by Lessor, whose
insurance shall be considered excess insurance only. 
 (b) Carried by Lessor. Lessor shall maintain liability insurance as described
in Paragraph 8.2(a), in addition to, and not in lieu of, the insurance required to be maintained by Lessee. Lessee shall not be named as an additional insured therein. 

8.3 Property Insurance - Building, Improvements and Rental Value. 

(a) Building and Improvements. Lessor shall obtain and keep in force a policy or policies of insurance in the name of Lessor, with loss
payable to Lessor, any ground-lessor, and to any Lender insuring loss or damage to the Premises. The amount of such insurance shall be equal to the full insurable replacement cost of the Premises, as the same shall exist from time to time, or the
amount required by any Lender, but in no event more than the commercially reasonable and available insurable value thereof. Lessee Owned Alterations and Utility Installations, Trade Fixtures, and Lessee’s personal property shall be insured by
Lessee not by Lessor. If the coverage is available and commercially appropriate, such policy or policies shall insure against all risks of direct physical loss or damage (except the perils of flood and/or earthquake unless required by a Lender),
including coverage for debris removal and the enforcement of any Applicable Requirements requiring the upgrading, demolition, reconstruction or replacement of any portion of the Premises as the result of a covered loss. Said policy or policies shall
also contain an agreed valuation provision in lieu of any coinsurance clause, waiver of subrogation, and inflation guard protection causing an increase in the annual property insurance coverage amount by a factor of not less than the adjusted U.S.
Department of Labor Consumer Price Index for All Urban Consumers for the city nearest to where the Premises are located. If such insurance coverage has a deductible clause, the deductible amount shall not exceed $5,000 per occurrence. 

(b) Rental Value. Lessor shall also obtain and keep in force a policy or policies in the name of Lessor with loss payable to Lessor and
any Lender, insuring the loss of the full Rent for one year with an extended period of indemnity for an additional 180 days (“Rental Value insurance”). Said insurance shall contain an agreed valuation provision in lieu of any coinsurance
clause, and the amount of coverage shall be adjusted annually to reflect the projected Rent otherwise payable by Lessee, for the next 12 month period. 

(c) Adjacent Premises. Lessee shall pay for any increase in the premiums for the property insurance of the Building and for the Common
Areas or other buildings in the Project if said increase is caused by Lessee’s acts, omissions, use or occupancy of the Premises. 

(d) Lessee’s Improvements. Since Lessor is the Insuring Party, Lessor shall not be required to insure Lessee Owned Alterations and
Utility Installations unless the item in question has become the property of Lessor under the terms of this Lease. 
 8.4 Lessee’s
Property; Business Interruption Insurance; Worker’s Compensation Insurance. 
 (a) Property Damage. Lessee shall
obtain and maintain insurance coverage on all of Lessee’s personal property, Trade Fixtures, and Lessee Owned Alterations and Utility Installations. Such insurance shall be full replacement cost coverage with a deductible of not to exceed
$1,000 per occurrence. The proceeds from any such insurance shall be used by Lessee for the replacement of personal property, Trade Fixtures and Lessee Owned Alterations and Utility Installations. 

(b) Business Interruption. Lessee shall obtain and maintain loss of income and extra expense insurance in amounts as will reimburse
Lessee for direct or indirect loss of earnings attributable to all perils commonly insured against by prudent lessees in the business of Lessee or attributable to prevention of access to the Premises as a result of such perils. 

(c) Worker’s Compensation Insurance. Lessee shall obtain and maintain Worker’s Compensation Insurance in such amount as may be
required by Applicable Requirements. Such policy shall include a ‘Waiver of Subrogation’ endorsement. Lessee shall provide Lessor with a copy of such endorsement along with the certificate of insurance or copy of the policy required by
paragraph 8.5. 
 (d) No Representation of Adequate Coverage. Lessor makes no representation that the limits or forms of coverage of
insurance specified herein are adequate to cover Lessee’s property, business operations or obligations under this Lease. 
 8.5
Insurance Policies. Insurance required herein shall be by companies maintaining during the policy term a “General Policyholders Rating” of at least A-,VII, as set forth in the most current issue of “Best’s Insurance
Guide”, or such other rating as may be required by a Lender. Lessee shall not do or permit to be done anything which invalidates the required insurance policies. Lessee shall, prior to the Start Date, deliver to Lessor certified copies of
policies of such insurance or certificates with copies of the required endorsements evidencing the existence and amounts of the required insurance. No such policy shall be cancelable or subject to modification except after 30 days prior written
notice to Lessor. Lessee shall, at least 10 days prior to the expiration of such policies, furnish Lessor with evidence of renewals or “insurance binders” evidencing renewal thereof, or Lessor may increase his liability insurance coverage
and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. Such policies shall be for a term of at least one year, or the length of the remaining term of this Lease, whichever is less. If either Party shall
fail to procure and maintain the insurance required to be carried by it, the other Party may, but shall not be required to, procure and maintain the same. 

  

					
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 8.6 Waiver of Subrogation. Without affecting any other rights or remedies, Lessee and
Lessor each hereby release and relieve the other, and waive their entire right to recover damages against the other, for loss of or damage to its property arising out of or incident to the perils required to be insured against herein. The effect of
such releases and waivers is not limited by the amount of insurance carried or required, or by any deductibles applicable hereto. The Parties agree to have their respective property damage insurance carriers waive any right to subrogation that such
companies may have against Lessor or Lessee, as the case may be, so long as the insurance is not invalidated thereby. 
 8.7
Indemnity. Except for Lessor’s gross negligence or willful misconduct, Lessee shall indemnify, protect, defend and hold harmless the Premises, Lessor and its agents, Lessor’s master or ground lessor, partners and Lenders, from and
against any and all claims, loss of rents and/or damages, liens, judgments, penalties, attorneys’ and consultants’ fees, expenses and/or liabilities arising out of, involving, or in connection with, a Breach of the Lease by Lessee and/or
the use and/or occupancy of the Premises and/or Project by Lessee and/or by Lessee’s employees, contractors or invitees. If any action or proceeding is brought against Lessor by reason of any of the foregoing matters, Lessee shall upon notice
defend the same at Lessee’s expense by counsel reasonably satisfactory to Lessor and Lessor shall cooperate with Lessee in such defense. Lessor need not have first paid any such claim in order to be defended or indemnified. 

8.8 Exemption of Lessor and its Agents from Liability. Notwithstanding the negligence or breach of this Lease by Lessor or its agents,
neither Lessor nor its agents shall be liable under any circumstances for: (i) injury or damage to the person or goods, wares, merchandise or other property of Lessee, Lessee’s employees, contractors, invitees, customers, or any other
person in or about the Premises, whether such damage or injury is caused by or results from fire, steam, electricity, gas, water or rain, indoor air quality, the presence of mold or from the breakage, leakage, obstruction or other defects of pipes,
fire sprinklers, wires, appliances, plumbing, HVAC or lighting fixtures, or from any other cause, whether the said injury or damage results from conditions arising upon the Premises or upon other portions of the Building, or from other sources or
places; (ii) any damages arising from any act or neglect of any other tenant of Lessor or from the failure of Lessor or its agents to enforce the provisions of any other lease in the Project; or (iii) injury to Lessee’s business or
for any loss of income or profit therefrom. Instead, it is intended that Lessee’s sole recourse in the event of such damages or injury be to file a claim on the insurance policy(ies) that Lessee is required to maintain pursuant to the
provisions of paragraph 8. 
 8.9 Failure to Provide Insurance. Lessee acknowledges that any failure on its part to obtain or
maintain the insurance required herein will expose Lessor to risks and potentially cause Lessor to incur costs not contemplated by this Lease, the extent of which will be extremely difficult to ascertain. Accordingly, for any month or portion
thereof that Lessee does not maintain the required insurance and/or does not provide Lessor with the required binders or certificates evidencing the existence of the required insurance, Lessor may obtain the required insurances and Lessee shall pay
Lessor the cost thereof upon invoicing. - the Base Rent shall be automatically increased, without any requirement for notice to Lessee, by an amount equal to 10% of the then existing Base Rent or $100, whichever is greater.
The parties agree that such increase in Base Rent represents fair and reasonable compensation for the additional risk/costs that Lessor will incur by reason of Lessee’s failure to maintain the required insurance. Such increase in Base
Rent shall in no event constitute a waiver of Lessee’s Default or Breach with respect to the failure to maintain such insurance, prevent the exercise of any of the other rights and remedies granted hereunder, nor relieve Lessee of its
obligation to maintain the insurance specified in this Lease. 
 9. Damage or Destruction. 

9.1 Definitions. 
 (a)
“Premises Partial Damage” shall mean damage or destruction to the improvements on the Premises, other than Lessee Owned Alterations and Utility Installations, which can reasonably be repaired in 3 months or less from the date of the
damage or destruction, and the cost thereof does not exceed a sum equal to 6 month’s Base Rent. Lessor shall notify Lessee in writing within 30 days from the date of the damage or destruction as to whether or not the damage is Partial or Total.

 (b) “Premises Total Destruction” shall mean damage or destruction to the improvements on the Premises, other than Lessee
Owned Alterations and Utility Installations and Trade Fixtures, which cannot reasonably be repaired in 3 months or less from the date of the damage or destruction and/or the cost thereof exceeds a sum equal to 6 month’s Base Rent. Lessor shall
notify Lessee in writing within 30 days from the date of the damage or destruction as to whether or not the damage is Partial or Total. 

(c) “Insured Loss” shall mean damage or destruction to improvements on the Premises, other than Lessee Owned Alterations and
Utility Installations and Trade Fixtures, which was caused by an event required to be covered by the insurance described in Paragraph 8.3(a), irrespective of any deductible amounts or coverage limits involved. 

(d) “Replacement Cost” shall mean the cost to repair or rebuild the improvements owned by Lessor at the time of the occurrence
to their condition existing immediately prior thereto, including demolition, debris removal and upgrading required by the operation of Applicable Requirements, and without deduction for depreciation. 

(e) “Hazardous Substance Condition” shall mean the occurrence or discovery of a condition involving the presence of, or a
contamination by, a Hazardous Substance, in, on, or under the Premises which requires restoration. 
 9.2 Partial Damage - Insured
Loss. If a Premises Partial Damage that is an Insured Loss occurs, then Lessor shall, at Lessor’s expense, repair such damage (but not Lessee’s Trade Fixtures or Lessee Owned Alterations and Utility Installations) as soon as reasonably
possible and this Lease shall continue in full force and effect; provided, however, that Lessee shall, at Lessor’s election, make the repair of any damage or destruction the total cost to repair of which is $10,000 or less, and, in such event,
Lessor shall make any applicable insurance proceeds available to Lessee on a reasonable basis for that purpose. Notwithstanding the foregoing, if the required insurance was not in force or the insurance proceeds are not sufficient to effect such
repair, the Insuring Party shall promptly contribute the shortage in proceeds as and when required to complete said repairs. In the event, however, such shortage was due to the fact that, by reason of the unique nature of the improvements, full
replacement cost insurance coverage was not commercially reasonable and available, Lessor shall have no obligation to pay for the shortage in insurance proceeds or to fully restore the unique aspects of the Premises unless Lessee provides Lessor
with the funds to cover same, or adequate assurance thereof, within 10 days following receipt of written notice of such shortage and request therefor. If Lessor receives said funds or adequate assurance thereof within said 10 day period, the party
responsible for making the repairs shall complete them as soon as reasonably possible and this Lease shall remain in full force and effect. If such funds or assurance are not received, Lessor may nevertheless elect by written notice to Lessee within
10 days thereafter to: (i) make such restoration and repair as is commercially reasonable with Lessor paying any shortage in proceeds, in which case this Lease shall remain in full force and effect, or (ii) have this Lease terminate 30
days thereafter. Lessee shall not be entitled to reimbursement of any funds contributed by Lessee to repair any such damage or destruction. Premises Partial Damage due to flood or earthquake shall be subject to Paragraph 9.3, notwithstanding that
there may be some insurance coverage, but the net proceeds of any such insurance shall be made available for the repairs if made by either Party. 

9.3 Partial Damage - Uninsured Loss. If a Premises Partial Damage that is not an Insured Loss occurs, unless caused by a negligent or
willful act of Lessee (in which event Lessee shall make the repairs at Lessee’s expense), Lessor may either: (i) repair such damage as soon as reasonably possible at Lessor’s expense (subject to reimbursement pursuant to Paragraph
4.2), in which event this Lease shall continue in full force and effect, or (ii) terminate this Lease by giving written notice to Lessee within 30 days after receipt by Lessor of knowledge of the occurrence of such damage. Such termination
shall be effective 60 days following the date of such notice. In the event Lessor elects to terminate this Lease, Lessee shall have the right within 10 days after receipt of the termination notice to give written notice to Lessor of Lessee’s
commitment to pay for the repair of such damage without reimbursement from Lessor. Lessee shall provide Lessor with said funds or satisfactory assurance thereof within 30 days after making such commitment. In such event this Lease shall continue in
full force and effect, and Lessor shall proceed to make such repairs as soon as reasonably possible after the required funds are available. If Lessee does not make the required commitment, this Lease shall terminate as of the date specified in the
termination notice. 

  

					
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 9.4 Total Destruction. Notwithstanding any other provision hereof, if a Premises
Total Destruction occurs, this Lease shall terminate 60 days following such Destruction. If the damage or destruction was caused by the gross negligence or willful misconduct of Lessee, Lessor shall have the right to recover Lessor’s damages
from Lessee, except as provided in Paragraph 8.6. 
 9.5 Damage Near End of Term. If at any time during the last 6 months of this
Lease there is damage for which the cost to repair exceeds one month’s Base I Rent, whether or not an Insured Loss, Lessor or Lessee may terminate this Lease effective 60 days following the date of occurrence of such damage by giving a written
| termination notice to the other party Lessee within 30 days after the date of occurrence of such damage. Notwithstanding the foregoing, if Lessee at that time has an exercisable option to extend this Lease or to purchase the
Premises, then Lessee may preserve this Lease by (a) exercising such option and (b) providing Lessor with any shortage in insurance proceeds (or adequate assurance thereof) needed to make the repairs on or before the earlier of
(i) the date which is 10 days after Lessee’s receipt of Lessor’s written notice purporting to terminate this Lease, or (ii) the day prior to the date upon which such option expires. If Lessee duly exercises such option during
such period and provides Lessor with funds (or adequate assurance thereof) to cover any shortage in insurance proceeds, Lessor shall, at Lessor’s commercially reasonable expense, repair such damage as soon as reasonably possible and this Lease
shall continue in full force and effect. If Lessee fails to exercise such option and provide such funds or assurance during such period, then this Lease shall terminate on the date specified in the termination notice and Lessee’s option shall
be extinguished. 
 9.6 Abatement of Rent; Lessee’s Remedies. 

(a) Abatement. In the event of Premises Partial Damage or Premises Total Destruction or a Hazardous Substance Condition for which Lessee
is not responsible under this Lease, the Rent payable by Lessee for the period required for the repair, remediation or restoration of such damage shall be abated in | proportion to the degree to which Lessee’s use of the Premises is
impaired., but not to exceed the proceeds received from the Rental Value insurance. All other obligations of Lessee hereunder shall be performed by Lessee, and Lessor shall have no liability for any such damage, destruction,
remediation, repair or restoration except as provided herein. 
 (b) Remedies. If Lessor is obligated to repair or restore the
Premises and does not commence, in a substantial and meaningful way, such repair or restoration within 90 days after such obligation shall accrue, Lessee may, at any time prior to the commencement of such repair or restoration, give written notice
to Lessor and to any Lenders of which Lessee has actual notice, of Lessee’s election to terminate this Lease on a date not less than 60 days following the giving of such notice. If Lessee gives such notice and such repair or restoration is not
commenced within 30 days thereafter, this Lease shall terminate as of the date specified in said notice. If the repair or restoration is commenced within such 30 days, this Lease shall continue in full force and effect. “Commence” shall
mean either the unconditional authorization of the preparation of the required plans, or the beginning of the actual work on the Premises, whichever first occurs. 

9.7 Termination; Advance Payments. Upon termination of this Lease pursuant to Paragraph 6.2(g) or Paragraph 9, an equitable adjustment
shall be made concerning advance Base Rent and any other advance payments made by Lessee to Lessor. Lessor shall, in addition, return to Lessee so much of Lessee’s Security Deposit as has not been, or is not then required to be, used by Lessor.

 10. Real Property Taxes. 
 10.1
Definitions. 
 (a) “Real Property Taxes.” As used herein, the term “Real Property Taxes” shall
include any form of assessment; real estate, general, special, ordinary or extraordinary, or rental levy or tax (other than inheritance, personal income or estate taxes); improvement bond; and/or license fee imposed upon or levied against any legal
or equitable interest of Lessor in the Project, Lessor’s right to other income therefrom, and/or Lessor’s business of leasing, by any authority having the direct or indirect power to tax and where the funds are generated with reference to
the Project address. The term “Real Property Taxes” shall also include any tax, fee, levy, assessment or charge, or any increase therein: (i) imposed by reason of events occurring during the term of this Lease, including but not
limited to, a change in the ownership of the Project; (ii) a change in the improvements thereon; and/or (iii) levied or assessed on machinery or equipment provided by Lessor to Lessee pursuant to this Lease. 

(b) “Base Real Property Taxes.” As used herein, the term “Base Real Property Taxes” shall be the
amount of Real Property Taxes, which are assessed against the Project, during the entire calendar year in which the Lease is executed. 

10.2 Payment of Taxes. Except as otherwise provided in Paragraph 10.3, Lessor shall pay the Real Property Taxes applicable to
the Project, and said payments shall be included in the calculation of Common Area Operating Expenses in accordance with the provisions of Paragraph 4.2. 

10.3 Additional Improvements. Common Area Operating Expenses shall not include Real Property Taxes specified in the tax
assessor’s records and work sheets as being caused by additional improvements placed upon the Project by other tenants or by Lessor for the exclusive enjoyment of such other Tenants. Notwithstanding Paragraph 10.2 hereof, Lessee shall, however,
pay to Lessor at the time Common Area Operating Expenses are payable under Paragraph 4.2, the entirety of any increase in Real Property Taxes if assessed solely by reason of Alterations, Trade Fixtures or Utility Installations placed upon the
Premises by Lessee or at Lessee’s request or by reason of any alterations or improvements to the Premises made by Lessor subsequent to the execution of this Lease by the Parties. 

10.4 Joint Assessment. If the Building is not separately assessed, Real Property Taxes allocated to the Building shall be an
equitable proportion of the Real Property Taxes for all of the land and improvements included within the tax parcel assessed, such proportion to be determined by Lessor from the respective valuations assigned in the assessor’s work sheets or
such other information as may be reasonably available. Lessor’s reasonable determination thereof, in good faith, shall be conclusive. 

10.5 Personal Property Taxes. Lessee shall pay prior to delinquency all taxes assessed against and levied upon Lessee Owned Alterations
and Utility Installations, Trade Fixtures, furnishings, equipment and all personal property of Lessee contained in the Premises. When possible, Lessee shall cause its Lessee Owned Alterations and Utility Installations, Trade Fixtures, furnishings,
equipment and all other personal property to be assessed and billed separately from the real property of Lessor. If any of Lessee’s said property shall be assessed with Lessor’s real property, Lessee shall pay Lessor the taxes attributable
to Lessee’s property within 10 days after receipt of a written statement setting forth the taxes applicable to Lessee’s property. 
 11.
Utilities and Services. Lessee shall pay for all water, gas, heat, light, power, telephone, trash disposal and other utilities and services supplied to the Premises, | together with any taxes thereon.
Notwithstanding the provisions of Paragraph 4.2, if at any time in Lessor’s reasonable sole judgment, Lessor determines that Lessee is using a disproportionate amount of water, electricity or other commonly metered utilities,
or that Lessee is generating such a large volume of trash as to require an increase in the size of the trash receptacle and/or an increase in the number of times per month that it is emptied, then Lessor may increase Lessee’s Base Rent by an
amount equal to such increased costs. There shall be no abatement of Rent and Lessor shall not be liable in any respect whatsoever for the inadequacy, stoppage, interruption or discontinuance of any utility or service due to riot, strike, labor
dispute, breakdown, accident, repair or other cause beyond Lessor’s reasonable control or in cooperation with governmental request or directions. 

  

					
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 12. Assignment and Subletting. 

12.1 Lessor’s Consent Required. 

(a) Lessee shall not voluntarily or by operation of law assign, transfer, mortgage or encumber (collectively, “assign or
assignment”) or sublet all or any | part of Lessee’s interest in this Lease or in the Premises without Lessor’s prior written consent, which consent shall not be unreasonably withheld or delayed. 

(b) Unless Lessee is a corporation and its stock is publicly traded on a national stock exchange, a change in the control of Lessee shall
constitute an | assignment requiring consent. The transfer, on a cumulative basis, of 2 50% or more of the voting control of Lessee shall constitute a change in control for this purpose. 

(c) The involvement of Lessee or its assets in any transaction, or series of transactions (byway of merger, sale, acquisition, financing,
transfer, leveraged buy-out or otherwise), whether or not a formal assignment or hypothecation of this Lease or Lessee’s assets occurs, which results or will result in a reduction of the Net Worth of Lessee by an amount greater than 25% of such
Net Worth as it was represented at the time of the execution of this Lease or at the time of the most recent assignment to which Lessor has consented, or as it exists immediately prior to said transaction or transactions constituting such reduction,
whichever was or is greater, shall be considered an assignment of this Lease to which Lessor may withhold its consent. “Net Worth of Lessee” shall mean the net worth of Lessee (excluding any guarantors) established under generally
accepted accounting principles. 
 (d) An assignment or subletting without consent shall, at Lessor’s option, be a Default curable after
notice per Paragraph 13.1(d), or a non-curable Breach without the necessity of any notice and grace period. If Lessor elects to treat such unapproved assignment or subletting as a non-curable Breach, Lessor may either: (i) terminate this Lease,
or (ii) upon 30 days written notice, increase the monthly Base Rent to 110% of the Base Rent then in effect. Further, in the event of such Breach and rental adjustment, (i) the purchase price of any option to purchase the Premises held by
Lessee shall be subject to similar adjustment to 110% of the price previously in effect, and (ii) all fixed and non-fixed rental adjustments scheduled during the remainder of the Lease term shall be increased to 110% of the scheduled adjusted
rent. 
 (e) Lessee’s remedy for any breach of Paragraph 12.1 by Lessor shall be limited to compensatory damages and/or injunctive
relief. 
 (f) Lessor may reasonably withhold consent to a proposed assignment or subletting if Lessee is in Default at the time consent is
requested. 
 (g) Notwithstanding the foregoing, allowing a de minimis portion of the Premises, ie. 20 square feet or less, to be used by a
third party vendor in connection with the installation of a vending machine or pay phone shall not constitute a subletting. 
 (h) Lessee may
assign the Lease (a “Permitted Assignment’’) without Lessor’s consent (i) to any entity which controls, is controlled by or is under common control with Lessee or (ii) pursuant to a transaction in which Lessee is merged
or consolidated with any other entity or pursuant to which all or substantially all assets or stock of Lessee are sold or transferred as a “going concern”; provided, however, that (A) the transfer shall be made in good faith and for a
legitimate business purpose other than circumventing the restrictions on transfer in this Lease, and (B) immediately following the Permitted Assignment the entity comprising Lessee shall have a tangible net worth at least equal to that of
Lessee at the time of execution of this Lease or immediately prior to the Permitted Assignment, whichever is greater. 
 12.2 Terms and
Conditions Applicable to Assignment and Subletting. 
 (a) Regardless of Lessor’s consent, no assignment or subletting shall:
(i) be effective without the express written assumption by such assignee or sublessee of the obligations of Lessee under this Lease, (ii) release Lessee of any obligations hereunder, or (iii) alter the primary liability of Lessee for
the payment of Rent or for the performance of any other obligations to be performed by Lessee. 
 (b) Lessor may accept Rent or performance
of Lessee’s obligations from any person other than Lessee pending approval or disapproval of an assignment. Neither a delay in the approval or disapproval of such assignment nor the acceptance of Rent or performance shall constitute a waiver or
estoppel of Lessor’s right to exercise its remedies for Lessee’s Default or Breach. 
 (c) Lessor’s consent to any assignment
or subletting shall not constitute a consent to any subsequent assignment or subletting. 
 (d) In the event of any Default or Breach by
Lessee, Lessor may proceed directly against Lessee, any Guarantors or anyone else responsible for the performance of Lessee’s obligations under this Lease, including any assignee or sublessee, without first exhausting Lessor’s remedies
against any other person or entity responsible therefor to Lessor, or any security held by Lessor. 
 (e) Each request for consent to an
assignment or subletting shall be in writing, accompanied by information relevant to Lessor’s determination as to the financial and operational responsibility and appropriateness of the proposed assignee or sublessee, including but not limited
to the intended use and/or required modification of the Premises, if any, together with a fee of $500 as consideration for Lessor’s considering and processing said request. Lessee agrees to provide Lessor with such other or additional
information and/or documentation as may be reasonably requested. (See also Paragraph 36) 
 (f) Any assignee of, or sublessee under, this
Lease shall, by reason of accepting such assignment, entering into such sublease, or entering into possession of the Premises or any portion thereof, be deemed to have assumed and agreed to conform and comply with each and every term, covenant,
condition and obligation herein to be observed or performed by Lessee during the term of said assignment or sublease, other than such obligations as are contrary to or inconsistent with provisions of an assignment or sublease to which Lessor has
specifically consented to in writing. 
 (g) Lessor’s consent to any assignment or subletting shall not transfer to the assignee or
sublessee any Option granted to the original Lessee by this Lease unless such transfer is specifically consented to by Lessor in writing. (See Paragraph 39.2) 

12.3 Additional Terms and Conditions Applicable to Subletting. The following terms and conditions shall apply to any subletting by
Lessee of all or any part of the Premises and shall be deemed included in all subleases under this Lease whether or not expressly incorporated therein: 

(a) Lessee hereby assigns and transfers to Lessor all of Lessee’s interest in all Rent payable on any sublease, and Lessor may collect
such Rent and apply same toward Lessee’s obligations under this Lease; provided, however, that until a Breach shall occur in the performance of Lessee’s obligations, Lessee may collect said Rent. In the event that the amount collected by
Lessor exceeds Lessee’s then outstanding obligations any such excess shall be refunded to Lessee. Lessor shall not, by reason of the foregoing or any assignment of such sublease, nor by reason of the collection of Rent, be deemed liable to the
sublessee for any failure of Lessee to perform and comply with any of Lessee’s obligations to such sublessee. Lessee hereby irrevocably authorizes and directs any such sublessee, upon receipt of a written notice from Lessor stating that a
Breach exists in the performance of Lessee’s obligations under this Lease, to pay to Lessor all Rent due and to become due under the sublease. Sublessee shall rely upon any such notice from Lessor and shall pay all Rents to Lessor without any
obligation or right to inquire as to whether such Breach exists, notwithstanding any claim from Lessee to the contrary. 
 (b) In the event
of a Breach by Lessee, Lessor may, at its option, require sublessee to attorn to Lessor, in which event Lessor shall undertake the obligations of the sublessor under such sublease from the time of the exercise of said option to the expiration of
such sublease; provided, however, Lessor shall not be liable for any prepaid rents or security deposit paid by such sublessee to such sublessor or for any prior Defaults or Breaches of such sublessor. 

(c) Any matter requiring the consent of the sublessor under a sublease shall also require the consent of Lessor. 

(d) No sublessee shall further assign or sublet all or any part of the Premises without Lessor’s prior written consent. 

(e) Lessor shall deliver a copy of any notice of Default or Breach by Lessee to the sublessee, who shall have the right to cure the Default of
Lessee within the grace period, if any, specified in such notice. The sublessee shall have a right of reimbursement and offset from and against Lessee for any such Defaults cured by the sublessee. 

  

					
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 13. Default; Breach; Remedies. 

13.1 Default; Breach. A “Default” is defined as a failure by the Lessee to comply with or perform any of the terms,
covenants, conditions or Rules and Regulations under this Lease. A “Breach” is defined as the occurrence of one or more of the following Defaults, and the failure of Lessee to cure such Default within any applicable grace period:

 (a) The abandonment of the Premises; or the vacating of the Premises without providing a commercially reasonable level of security, or
where the coverage of the property insurance described in Paragraph 8.3 is jeopardized as a result thereof, or without providing reasonable assurances to minimize potential vandalism. 

(b) The failure of Lessee to make any payment of Rent or any Security Deposit required to be made by Lessee hereunder, whether to Lessor or to
a third party, when due, to provide reasonable evidence of insurance or surety bond, or to fulfill any obligation under this Lease which endangers or threatens life or | property, where such failure continues for a period of 3 5 business days
following written notice to Lessee. THE ACCEPTANCE BY LESSOR OF A PARTIAL PAYMENT OF RENT OR SECURITY DEPOSIT SHALL NOT CONSTITUTE A WAIVER OF ANY OF LESSOR’S RIGHTS, INCLUDING LESSOR’S RIGHT TO RECOVER POSSESSION OF THE PREMISES. 

(c) The failure of Lessee to allow Lessor and/or its agents access to the Premises or the commission of waste, actor acts constituting public
or private nuisance, and/or an illegal activity on the Premises by Lessee, where such actions continue for a period of 3 business days following written notice to Lessee. In the event that Lessee commits waste, a nuisance or an illegal activity a
second time then, the Lessor may elect to treat such conduct as a non-curable Breach rather than a Default. 
 (d) The failure by Lessee to
provide (i) reasonable written evidence of compliance with Applicable Requirements, (ii) the service contracts, (iii) the rescission of an unauthorized assignment or subletting, (iv) an Estoppel Certificate or financial
statements, (v) a requested subordination, (vi) evidence concerning any guaranty and/or Guarantor, (vii) any document requested under Paragraph 41, (viii) material safety data sheets (MSDS), or (ix) any other documentation
or information which Lessor may reasonably require of Lessee under the terms of this Lease, where any such failure continues fora period of 10 days following written notice to Lessee. 

(e) A Default by Lessee as to the terms, covenants, conditions or provisions of this Lease, or of the rules adopted under Paragraph 2.9 hereof,
other than those described in subparagraphs 13.1(a), (b), (c) or (d), above, where such Default continues fora period of 30 days after written notice; provided, however, that if the nature of Lessee’s Default is such that more than 30 days
are reasonably required for its cure, then it shall not be deemed to be a Breach if Lessee commences such cure within said 30 day period and thereafter diligently prosecutes such cure to completion. 

(f) The occurrence of any of the following events: (i) the making of any general arrangement or assignment for the benefit of creditors;
(ii) becoming a “debtor” as defined in 11 U.S.C. § 101 or any successor statute thereto (unless, in the case of a petition filed against Lessee, the same is dismissed within 60 days); (iii) the appointment of a
trustee or receiver to take possession of substantially all of Lessee’s assets located at the Premises or of Lessee’s interest in this Lease, where possession is not restored to Lessee within 30 days; or (iv) the attachment, execution
or other judicial seizure of substantially all of Lessee’s assets located at the Premises or of Lessee’s interest in this Lease, where such seizure is not discharged within 30 days; provided, however, in the event that any provision of
this subparagraph is contrary to any applicable law, such provision shall be of no force or effect, and not affect the validity of the remaining provisions. 

(g) The discovery that any financial statement of Lessee or of any Guarantor given to Lessor was materially false. 

(h) If the performance of Lessee’s obligations under this Lease is guaranteed: (i) the death of a Guarantor, (ii) the
termination of a Guarantor’s liability with respect to this Lease other than in accordance with the terms of such guaranty, (iii) a Guarantor’s becoming insolvent or the subject of a bankruptcy filing, (iv) a Guarantor’s
refusal to honor the guaranty, or (v) a Guarantor’s breach of its guaranty obligation on an anticipatory basis, and Lessee’s failure, within 60 days following written notice of any such event, to provide written alternative assurance
or security, which, when coupled with the then existing resources of Lessee, equals or exceeds the combined financial resources of Lessee and the Guarantors that existed at the time of execution of this Lease. 

13.2 Remedies. If Lessee fails to perform any of its affirmative duties or obligations, within 10 days after written notice (or in case
of an emergency, without notice), Lessor may, at its option, perform such duty or obligation on Lessee’s behalf, including but not limited to the obtaining of reasonably required bonds, insurance policies, or governmental licenses, permits or
approvals. Lessee shall pay to Lessor an amount equal to 115% of the costs and expenses incurred by Lessor in such performance upon receipt of an invoice therefor. In the event of a Breach, Lessor may, with or without further notice or demand, and
without limiting Lessor in the exercise of any right or remedy which Lessor may have by reason of such Breach: 
 (a) Terminate Lessee’s
right to possession of the Premises by any lawful means, in which case this Lease shall terminate and Lessee shall immediately surrender possession to Lessor. In such event Lessor shall be entitled to recover from Lessee: (i) the unpaid Rent
which had been earned at the time of termination; (ii) the worth at the time of award of the amount by which the unpaid rent which would have been earned after termination until the time of award exceeds the amount of such rental loss that the
Lessee proves could have been reasonably avoided; (iii) the worth at the time of award of the amount by which the unpaid rent for I the balance of the term after the time of award exceeds the fair market value of the Premises the amount
of such rental loss that the Lessee proves could be reasonably avoided; and (iv) any other amount necessary to compensate Lessor for all the detriment proximately caused by the Lessee’s failure to perform its obligations under
this Lease or which in the ordinary course of things would be likely to result therefrom, including but not limited to the cost of recovering possession of the Premises, expenses of reletting, including necessary renovation and alteration of the
Premises, reasonable attorneys’ fees, and that portion of any leasing commission paid by Lessor in connection with this Lease applicable to the unexpired term of this Lease. The worth at the time of award of the amount referred to in provision
(iii) of the immediately preceding sentence shall be computed by discounting such amount at the discount rate of the Federal Reserve Bank of the District within which the Premises are located at the time of award plus one percent. Efforts by
Lessor to mitigate damages caused by Lessee’s Breach of this Lease shall not waive Lessor’s right to recover any damages to which Lessor is otherwise entitled. If termination of this Lease is obtained through the provisional remedy of
unlawful detainer, Lessor shall have the right to recover in such proceeding any unpaid Rent and damages as are recoverable therein, or Lessor may reserve the right to recover all or any part thereof in a separate suit. If a notice and grace period
required under Paragraph 13.1 was not previously given, a notice to pay rent or quit, or to perform or quit given to Lessee under the unlawful detainer statute shall also constitute the notice required by Paragraph 13.1. In such case, the applicable
grace period required by Paragraph 13.1 and the unlawful detainer statute shall run concurrently, and the failure of Lessee to cure the Default within the greater of the two such grace periods shall constitute both an unlawful detainer and a Breach
of this Lease entitling Lessor to the remedies provided for in this Lease and/or by said statute. 
 (b) Continue the Lease and Lessee’s
right to possession and recover the Rent as it becomes due, in which event Lessee may sublet or assign, subject only to reasonable limitations. Acts of maintenance, efforts to relet, and/or the appointment of a receiver to protect the Lessor’s
interests, shall not constitute a termination of the Lessee’s right to possession. 
 (c) Pursue any other remedy now or hereafter
available under the laws or judicial decisions of the state wherein the Premises are located. The expiration or termination of this Lease and/or the termination of Lessee’s right to possession shall not relieve Lessee from liability under any
indemnity provisions of this Lease as to matters occurring or accruing during the term hereof or by reason of Lessee’s occupancy of the Premises. 

13.3 Inducement Recapture. Any agreement for free or abated rent or other charges, the cost of tenant improvements for Lessee paid for
or performed by Lessor, or for the giving or paying by Lessor to or for Lessee of any cash or other bonus, inducement or consideration for Lessee’s entering into this Lease, all of which concessions are hereinafter referred to as
“Inducement Provisions,” shall be deemed conditioned upon Lessee’s full and faithful performance of all of the terms, covenants and conditions of this Lease. Upon Breach of this Lease by Lessee, any such Inducement Provision
shall automatically be deemed deleted from this Lease | 

  

					
	 	  	Page 11 of 17	  	 
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and of no further force or effect, and the unamortized value (amortized over the initial term) of any rent, other charge, bonus, inducement or consideration theretofore abated, given or paid by
Lessor under such an Inducement Provision shall be immediately due and payable by Lessee to Lessor, notwithstanding any subsequent cure of said Breach by Lessee. The acceptance by Lessor of rent or the cure of the Breach which initiated the
operation of this paragraph shall not be deemed a waiver by Lessor of the provisions of this paragraph unless specifically so stated in writing by Lessor at the time of such acceptance. 

13.4 Late Charges. Lessee hereby acknowledges that late payment by Lessee of Rent will cause Lessor to incur costs not contemplated by
this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed upon Lessor by any Lender. Accordingly, if any Rent
shall not be received by Lessor within 5 days after such amount shall be due, then, without any requirement for notice to Lessee, Lessee shall immediately pay to Lessor a one-time late charge equal to 10% of each such overdue amount or $100,
whichever is greater. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Lessor will incur by reason of such late payment. Acceptance of such late charge by Lessor shall in no event constitute a
waiver of Lessee’s Default or Breach with respect to such overdue amount, nor prevent the exercise of any of the other rights and remedies granted hereunder. In the event that a late charge is payable hereunder, whether or not collected, for 3
consecutive installments of Base Rent, then notwithstanding any provision of this Lease to the contrary, Base Rent shall, at Lessor’s option, become due and payable quarterly in advance. 

13.5 Interest. Any monetary payment due Lessor hereunder, other than late charges, not received by Lessor, when due shall bear interest
from the 31st day after it was due. The interest (“Interest”) charged shall be computed at the rate of 10% per annum but shall not exceed the maximum rate allowed by law. Interest is payable in addition to the potential late
charge provided for in Paragraph 13.4. 
 13.6 Breach by Lessor. 

(a) Notice of Breach. Lessor shall not be deemed in breach of this Lease unless Lessor fails within a reasonable time to perform an
obligation required to be performed by Lessor. For purposes of this Paragraph, a reasonable time shall in no event be less than 30 days after receipt by Lessor, and any Lender whose name and address shall have been furnished to Lessee in writing for
such purpose, of written notice specifying wherein such obligation of Lessor has not been performed; provided, however, that if the nature of Lessor’s obligation is such that more than 30 days are reasonably required for its performance, then
Lessor shall not be in breach if performance is commenced within such 30 day period and thereafter diligently pursued to completion. 

(b) Performance by Lessee on Behalf of Lessor. In the event that neither Lessor nor Lender cures said breach within 30 days after
receipt of said notice, or if having commenced said cure they do not diligently pursue it to completion, then Lessee may elect to cure said breach at Lessee’s expense and offset from Rent the actual and reasonable cost to perform such cure,
provided however, that such offset shall not exceed an amount equal to the greater of one month’s Base Rent or the Security Deposit, reserving Lessee’s right to reimbursement from Lessor for any such expense in excess of such offset.
Lessee shall document the cost of said cure and supply said documentation to Lessor. 
 14. Condemnation. If the Premises or any portion thereof are
taken under the power of eminent domain or sold under the threat of the exercise of said power (collectively “Condemnation”), this Lease shall terminate as to the part taken as of the date the condemning authority takes title or
possession, whichever first occurs. If more than 10% of the floor area of the Premises, Unit, or more than 25% of the parking spaces is taken by Condemnation, Lessee may, at Lessee’s option, to be exercised in writing within 10
days after Lessor shall have given Lessee written notice of such taking (or in the absence of such notice, within 10 days after the condemning authority shall have taken possession) terminate this Lease as of the date the condemning authority takes
such possession. If Lessee does not terminate this Lease in accordance with the foregoing, this Lease shall remain in full force and effect as to the portion of the Premises remaining, except that the Base Rent shall be reduced in proportion to the
reduction in utility of the Premises caused by such Condemnation. Condemnation awards and/or payments shall be the property of Lessor, whether such award shall be made as compensation for diminution in value of the leasehold, the value of the part
taken, or for severance damages; provided, however, that Lessee shall be entitled to any compensation paid by the condemn or for Lessee’s relocation expenses, loss of business goodwill and/or Trade Fixtures, without regard to whether or not
this Lease is terminated pursuant to the provisions of this Paragraph. All Alterations and Utility Installations made to the Premises by Lessee, for purposes of Condemnation only, shall be considered the property of the Lessee and Lessee shall be
entitled to any and all compensation which is payable therefor. In the event that this Lease is not terminated by reason of the Condemnation, Lessor shall repair any damage to the Premises caused by such Condemnation. 

15. Brokerage Fees. 

15.1 Additional Commission. In addition to the payments owed pursuant to Paragraph 1.10 above, Lessor agrees that: (a) if
Lessee exercises any Option, (b) if Lessee or anyone affiliated with Lessee acquires from Lessor any rights to the Premises or other premises owned by Lessor and located within the Project, (c) if Lessee remains in possession of the
Premises, with the consent of Lessor, after the expiration of this Lease, or (d) if Base Rent is increased, whether by agreement or operation of an escalation clause herein, then, Lessor shall pay Brokers a fee in accordance with the fee
schedule of the Brokers in effect at the time the Lease was executed. 
 15.2 Assumption of Obligations. Any buyer or
transferee of Lessor’s interest in this Lease shall be deemed to have assumed Lessor’s obligation hereunder. Brokers shall be third party beneficiaries of the provisions of Paragraphs 1.10, 15, 22 and 31. If Lessor fails to pay to Brokers
any amounts due as and for brokerage fees pertaining to this Lease when due, then such amounts shall accrue Interest. In addition, if Lessor fails to pay any amounts to Lessee’s Broker when due, Lessee’s Broker may send written
notice to Lessor and Lessee of such failure and if Lessor fails to pay such amounts within 10 days after said notice, Lessee shall pay said monies to its Broker and offset such amounts against Rent. In addition, Lessee’s Broker shall
be deemed to be a third party beneficiary of any commission agreement entered into by and/or between Lessor and Lessor’s Broker for the limited purpose of collecting any brokerage fee owed. 

15.3 Representations and Indemnities of Broker Relationships. Lessee and Lessor each represent and warrant to the other that it has had
no dealings with any person, firm, broker or finder (other than the Brokers, if any) in connection with this Lease, and that no one other than said named Brokers is entitled to any commission or finder’s fee in connection herewith. Lessee and
Lessor do each hereby agree to indemnify, protect, defend and hold the other harmless from and against liability for compensation or charges which may be claimed by any such unnamed broker, finder or other similar party by reason of any dealings or
actions of the indemnifying Party, including any costs, expenses, attorneys’ fees reasonably incurred with respect thereto. 
 16. Estoppel
Certificates. 
 (a) Each Party (as “Responding Party”) shall within 10 business days after written notice from the
other Party (the “Requesting Party”) execute, acknowledge and deliver to the Requesting Party a statement in writing in form similar to the then most current “Estoppel Certificate” form published BY AIR CRE, plus
such additional information, confirmation and/or statements as may be reasonably requested by the Requesting Party. 
 (b) If the Responding
Party shall fail to execute or deliver the Estoppel Certificate within such 10 business day period, the Requesting Party may execute an Estoppel Certificate stating that: (i) the Lease is in full force and effect without modification except as
may be represented by the Requesting Party, (ii) there are no uncured defaults in the Requesting Party’s performance, and (iii) if Lessor is the Requesting Party, not more than one month’s rent has been paid in advance.
Prospective purchasers and encumbrancers may rely upon the Requesting Party’s Estoppel Certificate, and the Responding Party shall be estopped from denying the truth of the facts contained in said Certificate. In addition, Lessee
acknowledges that any failure on its part to provide such an Estoppel Certificate will expose Lessor to risks and potentially cause Lessor to incur costs not contemplated by this Lease, the extent of which will be extremely difficult to ascertain.
Accordingly, should the 

  

					
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Lessee fail to execute and/or deliver a requested Estoppel Certificate in a timely fashion the monthly Base Rent shall be automatically increased, without any requirement
for notice to Lessee, by an amount equal to 10% of the then existing Base Rent or $100, whichever is greater for remainder of the Lease. The Parties agree that such increase in Base Rent represents fair and reasonable compensation for the additional
risk/costs that Lessor will incur by reason of Lessee’s failure to provide the Estoppel Certificate. Such increase in Base Rent shall in no event constitute a waiver of Lessee’s Default or Breach with respect to the failure to provide the
Estoppel Certificate nor prevent the exercise of any of the other rights and remedies granted hereunder. 
 (c) If Lessor desires to
finance, refinance, or sell the Premises, or any part thereof, Lessee and all Guarantors shall within 10 days after written notice from Lessor deliver to any potential lender or purchaser designated by Lessor such financial statements as may be
reasonably required by such lender or purchaser, including but not limited to Lessee’s financial statements for the past 3 2 years. All such financial statements shall be received by Lessor and such lender or purchaser in
confidence and shall be used only for the purposes herein set forth. 
 17. Definition of Lessor. The term “Lessor” as used
herein shall mean the owner or owners at the time in question of the fee title to the Premises, or, if this is a sublease, of the Lessee’s interest in the prior lease. In the event of a transfer of Lessor’s title or interest in the
Premises or this Lease, Lessor shall deliver to the transferee or assignee (in cash or by credit) any unused Security Deposit held by Lessor. Upon such transfer or assignment and delivery of the Security Deposit, as aforesaid, the prior Lessor shall
be relieved of all liability with respect to the obligations and/or covenants under this Lease thereafter to be performed by the Lessor. Subject to the foregoing, the obligations and/or covenants in this Lease to be performed by the Lessor shall be
binding only upon the Lessor as hereinabove defined. 
 18. Severability. The invalidity of any provision of this Lease, as determined by a
court of competent jurisdiction, shall in no way affect the validity of any other provision hereof. 
 19. Days. Unless otherwise specifically
indicated to the contrary, the word “days” as used in this Lease shall mean and refer to calendar days. 
 20. Limitation on
Liability. The obligations of Lessor under this Lease shall not constitute personal obligations of Lessor, or its partners, members, directors, officers or shareholders, and Lessee shall look to the Premises, and to no other assets of Lessor,
for the satisfaction of any liability of Lessor with respect to this Lease, and shall not seek recourse against Lessor’s partners, members, directors, officers or shareholders, or any of their personal assets for such satisfaction. 

21. Time of Essence. Time is of the essence with respect to the performance of all obligations to be performed or observed by the Parties under this
Lease. 
 22. No Prior or Other Agreements; Broker Disclaimer. This Lease contains all agreements between the Parties with respect to any
matter mentioned herein, and no other prior or contemporaneous agreement or understanding shall be effective. Lessor and Lessee each represents and warrants to the Brokers that it has made, and is relying solely upon, its own investigation as to the
nature, quality, character and financial responsibility of the other Party to this Lease and as to the use, nature, quality and character of the Premises. Brokers have no responsibility with respect thereto or with respect to any default or breach
hereof by either Party. 
 23. Notices. 

23.1 Notice Requirements. All notices required or permitted by this Lease or applicable law shall be in writing and may be delivered in
person (by hand or by courier) or may be sent by regular, certified or registered mail or U.S. Postal Service Express Mail, with postage prepaid, or by facsimile transmission, or by email, and shall be deemed sufficiently given if served in a manner
specified in this Paragraph 23. The addresses noted adjacent to a Party’s signature on this Lease shall be that Party’s address for delivery or mailing of notices. Either Party may by written notice to the other specify a different address
for notice, except that upon Lessee’s taking possession of the Premises, the Premises shall constitute Lessee’s address for notice. A copy of all notices to Lessor shall be concurrently transmitted to such party or parties at such
addresses as Lessor may from time to time hereafter designate in writing. 
 23.2 Date of Notice. Any notice sent by registered or
certified mail, return receipt requested, shall be deemed given on the date of delivery shown on the receipt card, or if no delivery date is shown, the postmark thereon. If sent by regular mail the notice shall be deemed given 72 hours after the
same is addressed as required herein and mailed with postage prepaid. Notices delivered by United States Express Mail or overnight courier that guarantees next day delivery shall be deemed given 24 hours after delivery of the same to the Postal
Service or courier. Notices delivered by hand, or transmitted by facsimile transmission or by email shall be deemed delivered upon actual receipt. If notice is received on a Saturday, Sunday or legal holiday, it shall be deemed received on the next
business day. 
 24. Waivers. 
 (a) No
waiver by Lessor of the Default or Breach of any term, covenant or condition hereof by Lessee, shall be deemed a waiver of any other term, covenant or condition hereof, or of any subsequent Default or Breach by Lessee of the same or of any other
term, covenant or condition hereof. Lessor’s consent to, or approval of, any act shall not be deemed to render unnecessary the obtaining of Lessor’s consent to, or approval of, any subsequent or similar act by Lessee, or be construed as
the basis of an estoppel to enforce the provision or provisions of this Lease requiring such consent. 
 (b) The acceptance of Rent by Lessor
shall not be a waiver of any Default or Breach by Lessee. Any payment by Lessee may be accepted by Lessor on account of monies or damages due Lessor, notwithstanding any qualifying statements or conditions made by Lessee in connection therewith,
which such statements and/or conditions shall be of no force or effect whatsoever unless specifically agreed to in writing by Lessor at or before the time of deposit of such payment. 

(c) THE PARTIES AGREE THAT THE TERMS OF THIS LEASE SHALL GOVERN WITH REGARD TO ALL MATTERS RELATED THERETO AND HEREBY WAIVE THE PROVISIONS OF
ANY PRESENT OR FUTURE STATUTE TO THE EXTENT THAT SUCH STATUTE IS INCONSISTENT WITH THIS LEASE. 
 25. Disclosures Regarding The Nature of a Real Estate
Agency Relationship. 
 (a) When entering into a discussion with a real estate agent regarding a real estate transaction, a Lessor or
Lessee should from the outset understand what type of agency relationship or representation it has with the agent or agents in the transaction. Lessor and Lessee acknowledge being advised by the Brokers in this transaction, as follows: 

(i) Lessor’s Agent. A Lessor’s agent under a listing agreement with the Lessor acts as the agent for the Lessor only.
A Lessor’s agent or subagent has the following affirmative obligations: To the Lessor: A fiduciary duty of utmost care, integrity, honesty, and loyalty in dealings with the Lessor. To the Lessee and the Lessor:
(a) Diligent exercise of reasonable skills and care in performance of the agent’s duties. (b) A duty of honest and fair dealing and good faith. (c) A duty to disclose all facts known to the agent materially affecting the value or
desirability of the property that are not known to, or within the diligent attention and observation of, the Parties. An agent is not obligated to reveal to either Party any confidential information obtained from the other Party which does not
involve the affirmative duties set forth above. 
 (ii) Lessee’s Agent. An agent can agree to act as agent for the Lessee
only. In these situations, the agent is not the Lessor’s agent, even if by agreement the agent may receive compensation for services rendered, either in full or in part from the Lessor. An agent acting only for a Lessee has the following
affirmative obligations. To the Lessee: A fiduciary duty of utmost care, integrity, honesty, and loyalty in dealings with the Lessee. To the Lessee and the Lessor: (a) Diligent exercise of reasonable skills and care
in performance of the agent’s duties. (b) A duty of honest and fair dealing and good faith. (c) A duty to disclose all facts known to the agent materially affecting the value or desirability of the property that are not known to, or
within the diligent attention and observation of, the Parties. An agent is not obligated to reveal to either Party any confidential information obtained from the other Party which does not involve the affirmative duties set forth above. 

  

					
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 (iii) Agent Representing Both Lessor and Lessee. A real estate agent, either
acting directly or through one or more associate licenses, can legally be the agent of both the Lessor and the Lessee in a transaction, but only with the knowledge and consent of both the Lessor and the Lessee. In a dual agency situation, the agent
has the following affirmative obligations to both the Lessor and the Lessee: (a) A fiduciary duty of utmost care, integrity, honesty and loyalty in the dealings with either Lessor or the Lessee. (b) Other duties to the Lessor and the
Lessee as stated above in subparagraphs (i) or (ii). In representing both Lessor and Lessee, the agent may not without the express permission of the respective Party, disclose to the other Party that the Lessor will accept rent in an amount
less than that indicated in the listing or that the Lessee is willing to pay a higher rent than that offered. The above duties of the agent in a real estate transaction do not relieve a Lessor or Lessee from the responsibility to protect their own
interests. Lessor and Lessee should carefully read all agreements to assure that they adequately express their understanding of the transaction. A real estate agent is a person qualified to advise about real estate. If legal or tax advice is
desired, consult a competent professional. 
 (b) Brokers have no responsibility with respect to any default or breach hereof by either
Party. The Parties agree that no lawsuit or other legal proceeding involving any breach of duty, error or omission relating to this lease may be brought against Broker more than one year after the Start Date and that the liability (including
court costs and attorneys’ fees), of any Broker with respect to any such lawsuit and/or legal proceeding shall not exceed the fee received by such Broker pursuant to this Lease; provided, however, that the foregoing limitation on each
Broker’s liability shall not be applicable to any gross negligence or willful misconduct of such Broker. 
 (c) Lessor and
Lessee agree to identify to Brokers as “Confidential” any communication or information given Brokers that is considered by such Party to be confidential. 

26. No Right To Holdover. Lessee has no right to retain possession of the Premises or any part thereof beyond the expiration or termination of
this Lease. In the event that Lessee holds over, then the Base Rent shall be increased to 150% of the Base Rent applicable immediately preceding the expiration or termination. Holdover Base Rent shall be calculated on monthly basis. Nothing
contained herein shall be construed as consent by Lessor to any holding over by Lessee. 
 27. Cumulative Remedies. No remedy or election
hereunder shall be deemed exclusive but shall, wherever possible, be cumulative with all other remedies at law or in equity. 
 28. Covenants and
Conditions; Construction of Agreement. All provisions of this Lease to be observed or performed by Lessee are both covenants and conditions. In construing this Lease, all headings and titles are for the convenience of the Parties only and
shall not be considered a part of this Lease. Whenever required by the context, the singular shall include the plural and vice versa. This Lease shall not be construed as if prepared by one of the Parties, but rather according to its fair meaning as
a whole, as if both Parties had prepared it. 
 29. Binding Effect; Choice of Law. This Lease shall be binding upon the parties, their
personal representatives, successors and assigns and be governed by the laws of the State in which the Premises are located. Any litigation between the Parties hereto concerning this Lease shall be initiated in the county in which the Premises are
located. 
 30. Subordination; Attornment; Non-Disturbance. 

30.1 Subordination. This Lease and any Option granted hereby shall be subject and subordinate to any ground lease, mortgage, deed of
trust, or other hypothecation or security device (collectively, “Security Device”), now or hereafter placed upon the Premises, to any and all advances made on the security thereof, and to all renewals, modifications, and extensions
thereof. Lessee agrees that the holders of any such Security Devices (in this Lease together referred to as “Lender”) shall have no liability or obligation to perform any of the obligations of Lessor under this Lease. Any Lender may
elect to have this Lease and/or any Option granted hereby superior to the lien of its Security Device by giving written notice thereof to Lessee, whereupon this Lease and such Options shall be deemed prior to such Security Device, notwithstanding
the relative dates of the documentation or recordation thereof. 
 30.2 Attornment. In the event that Lessor transfers title to the
Premises, or the Premises are acquired by another upon the foreclosure or termination of a Security Device to which this Lease is subordinated (i) Lessee shall, subject to the non-disturbance provisions of Paragraph 30.3, attorn to such new
owner, and upon request, enter into a new lease, containing all of the terms and provisions of this Lease, with such new owner for the remainder of the term hereof, or, at the election of the new owner, this Lease will automatically become a new
lease between Lessee and such new owner, and (ii) Lessor shall thereafter be relieved of any further obligations hereunder and such new owner shall assume all of Lessor’s obligations, except that such new owner shall not:
(a) be liable for any act or omission of any prior lessor or with respect to events occurring prior to acquisition of ownership; (b) be subject to any offsets or defenses which Lessee might have against any prior lessor,
(c) be bound by prepayment of more than one month’s rent., or (d) be liable for the return of any security deposit paid to any prior lessor which was not paid or credited to such new owner. 

30.3 Non-Disturbance. With respect to Security Devices entered into by Lessor after the execution of this Lease, Lessee’s
subordination of this Lease shall be subject to receiving a commercially reasonable non-disturbance agreement (a “Non-Disturbance Agreement”) from the Lender which Non-Disturbance Agreement provides that Lessee’s possession of
the Premises, and this Lease, including any options to extend the term hereof, will not be disturbed so long as Lessee is not in Breach hereof and attorns to the record owner of the Premises. Further, within 60 days after the execution of this
Lease, Lessor shall, if requested by Lessee, use its commercially reasonable efforts to obtain a Non-Disturbance Agreement from the holder of any pre-existing Security Device which is secured by the Premises. In the event that Lessor is unable to
provide the Non-Disturbance Agreement within said 60 days, then Lessee may, at Lessee’s option, directly contact Lender and attempt to negotiate for the execution and delivery of a Non-Disturbance Agreement. 

30.4 Self-Executing. The agreements contained in this Paragraph 30 shall be effective without the execution of any further documents;
provided, however, that, upon written request from Lessor or a Lender in connection with a sale, financing or refinancing of the Premises, Lessee and Lessor shall execute such further writings as may be reasonably required to separately document any
subordination, attornment and/or Non-Disturbance Agreement provided for herein. 
 31. Attorneys’ Fees. If any Party or Broker brings an action
or proceeding involving the Premises whether founded in tort, contract or equity, or to declare rights hereunder, the Prevailing Party (as hereafter defined) in any such proceeding, action, or appeal thereon, shall be entitled to reasonable
attorneys’ fees. Such fees may be awarded in the same suit or recovered in a separate suit, whether or not such action or proceeding is pursued to decision or judgment. The term, “Prevailing Party” shall include, without
limitation, a Party or Broker who substantially obtains or defeats the relief sought, as the case may be, whether by compromise, settlement, judgment, or the abandonment by the other Party or Broker of its claim or defense. The attorneys’ fees
award shall not be computed in accordance with any court fee schedule, but shall be such as to fully reimburse all attorneys’ fees reasonably incurred. In addition, Lessor shall be entitled to attorneys’ fees, costs and expenses incurred
in the preparation and service of notices of Default and consultations in connection therewith, whether or not a legal action is subsequently commenced in connection with such Default or resulting Breach ($200 is a reasonable minimum per occurrence
for such services and consultation). 

  

					
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 32. Lessor’s Access; Showing Premises; Repairs. Lessor and Lessor’s agents shall have the
right to enter the Premises at any time, in the case of an emergency, and otherwise at reasonable times after reasonable prior notice for the purpose of showing the same to prospective purchasers, lenders, or tenants, and making such alterations,
repairs, improvements or additions to the Premises as Lessor may deem necessary or desirable and the erecting, using and maintaining of utilities, services, pipes and conduits through the Premises and/or other premises as long as there is no
material adverse effect on Lessee’s use of the Premises. All such activities shall be without abatement of rent or liability to Lessee. 
 33.
Auctions. Lessee shall not conduct, nor permit to be conducted, any auction upon the Premises without Lessor’s prior written consent. Lessor shall not be obligated to exercise any standard of reasonableness in determining whether to permit
an auction. 
 34. Signs. Lessor may place on the Premises ordinary “For Sale” signs at any time and ordinary “For Lease” signs
during the last 6 months of the term hereof. Except for ordinary “For Sublease” signs which may be placed only on the Premises, Lessee shall not place any sign upon the Project without Lessor’s prior written consent. All signs must
comply with all Applicable Requirements. 
 35. Termination; Merger. Unless specifically stated otherwise in writing by Lessor, the voluntary or other
surrender of this Lease by Lessee, the mutual termination or cancellation hereof, or a termination hereof by Lessor for Breach by Lessee, shall automatically terminate any sublease or lesser estate in the Premises; provided, however, that Lessor may
elect to continue any one or all existing subtenancies. Lessor’s failure within 10 days following any such event to elect to the contrary by written notice to the holder of any such lesser interest, shall constitute Lessor’s election to
have such event constitute the termination of such interest. 
 36. Consents. All requests for consent shall be in writing. Except as otherwise
provided herein, wherever in this Lease the consent of a Party is required to an act by or for the other Party, such consent shall not be unreasonably withheld or delayed. Lessor’s actual reasonable costs and expenses (including but not limited
to architects’, attorneys’, engineers’ and other consultants’ fees) incurred in the consideration of, or response to, a request by Lessee for any Lessor consent, including but not limited to consents to an assignment, a
subletting or the presence or use of a Hazardous Substance, shall be paid by Lessee upon receipt of an invoice and supporting documentation therefor. Lessor’s consent to any act, assignment or subletting shall not constitute an acknowledgment
that no Default or Breach by Lessee of this Lease exists, nor shall such consent be deemed a waiver of any then existing Default or Breach, except as may be otherwise specifically stated in writing by Lessor at the time of such consent. The failure
to specify herein any particular condition to Lessor’s consent shall not preclude the imposition by Lessor at the time of consent of such further or other conditions as are then reasonable with reference to the particular matter for which
consent is being given. In the event that either Party disagrees with any determination made by the other hereunder and reasonably requests the reasons for such determination, the determining party shall furnish its reasons in writing and in
reasonable detail within 10 business days following such request. 
 37. Guarantor. 

37.1 Execution. The Guarantors, if any, shall each execute a guaranty in the form most recently published BY AIR CRE. 

37.2 Default. It shall constitute a Default of the Lessee if any Guarantor fails or refuses, upon request to provide: (a) evidence
of the execution of the guaranty, including the authority of the party signing on Guarantor’s behalf to obligate Guarantor, and in the case of a corporate Guarantor, a certified copy of a resolution of its board of directors authorizing the
making of such guaranty, (b) current financial statements, (c) an Estoppel Certificate, or (d) written confirmation that the guaranty is still in effect. 

38. Quiet Possession. Subject to payment by Lessee of the Rent and performance of all of the covenants, conditions and provisions on Lessee’s part
to be observed and performed under this Lease, Lessee shall have quiet possession and quiet enjoyment of the Premises during the term hereof. 
 39.
Options. If Lessee is granted any option, as defined below, then the following provisions shall apply. 
 39.1 Definition.
“Option” shall mean: (a) the right to extend or reduce the term of or renew this Lease or to extend or reduce the term of or renew any lease that Lessee has on other property of Lessor; (b) the right of first refusal or
first offer to lease either the Premises or other property of Lessor; (c) the right to purchase, the right of first offer to purchase or the right of first refusal to purchase the Premises or other property of Lessor. 

39.2 Options Personal To Original Lessee. Any Option granted to Lessee in this Lease is personal to the original Lessee, and cannot be
assigned or exercised by anyone other than said original Lessee and only while the original Lessee is in full possession of the Premises or Permitted Assignee (see 12.1(h)) and, if requested by Lessor, with Lessee certifying that Lessee has no
intention of thereafter assigning or subletting. 
 39.3 Multiple Options. In the event that Lessee has any multiple Options to extend
or renew this Lease, a later Option cannot be exercised unless the prior Options have been validly exercised. 
 39.4 Effect of Default on
Options. 
 (a) Lessee shall have no right to exercise an Option: (i) during the period commencing with the giving of any
notice of Default and continuing until said Default is cured, (ii) during the period of time any Rent is unpaid (without regard to whether notice thereof is given Lessee), (iii) during the time Lessee is in Breach of this Lease, or
(iv) in the event that Lessee has been given 3 or more notices of separate Default, whether or not the Defaults are cured, during the 12 month period immediately preceding the exercise of the Option. 

(b) The period of time within which an Option may be exercised shall not be extended or enlarged by reason of Lessee’s inability to
exercise an Option because of the provisions of Paragraph 39.4(a). 
 (c) An Option shall terminate and be of no further force or effect,
notwithstanding Lessee’s due and timely exercise of the Option, if, after such exercise and prior to the commencement of the extended term or completion of the purchase, (i) Lessee fails to pay Rent for a period of 30 days after such Rent
becomes due (without any necessity of Lessor to give notice thereof), or (ii) if Lessee commits a Breach of this Lease. 
 40. Security Measures.
Lessee hereby acknowledges that the Rent payable to Lessor hereunder does not include the cost of guard service or other security measures, and that Lessor shall have no obligation whatsoever to provide same. Lessee assumes all responsibility for
the protection of the Premises, Lessee, its agents and invitees and their property from the acts of third parties. 
 41. Reservations. Lessor
reserves the right: (i) to grant, without the consent or joinder of Lessee, such easements, rights and dedications that Lessor deems necessary, (ii) to cause the recordation of parcel maps and restrictions, and (iii) to create and/or
install new utility raceways, so long as such easements, rights, dedications, maps, restrictions, and utility raceways do not unreasonably interfere with the access to or use of the Premises or Common Areas by Lessee. Lessee agrees to sign any
documents reasonably requested by Lessor to effectuate such rights. 

  

					
	 	  	Page 15 of 17	  	 
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 42. Performance Under Protest. If at any time a dispute shall arise as to any amount or sum of money
to be paid by one Party to the other under the provisions hereof, the Party against whom the obligation to pay the money is asserted shall have the right to make payment “under protest” and such payment shall not be regarded as a voluntary
payment and there shall survive the right on the part of said Party to institute suit for recovery of such sum. If it shall be adjudged that there was no legal obligation on the part of said Party to pay such sum or any part thereof, said Party
shall be entitled to recover such sum or so much thereof as it was not legally required to pay. A Party who does not initiate suit for the recovery of sums paid “under protest” within 6 months shall be deemed to have waived its right to
protest such payment. 
 43. Authority; Multiple Parties; Execution. 

(a) If either Party hereto is a corporation, trust, limited liability company, partnership, or similar entity, each individual executing this
Lease on behalf of such entity represents and warrants that he or she is duly authorized to execute and deliver this Lease on its behalf. Each Party shall, within 30 days after request, deliver to the other Party satisfactory evidence of such
authority. 
 (b) If this Lease is executed by more than one person or entity as “Lessee”, each such person or entity shall be
jointly and severally liable hereunder. It is agreed that any one of the named Lessees shall be empowered to execute any amendment to this Lease, or other document ancillary thereto and bind all of the named Lessees, and Lessor may rely on the same
as if all of the named Lessees had executed such document. 
 (c) This Lease maybe executed by the Parties in counterparts, each of which
shall be deemed an original and all of which together shall constitute one and the same instrument. 
 44. Conflict. Any conflict between the printed
provisions of this Lease and the typewritten or handwritten provisions shall be controlled by the typewritten or handwritten provisions. 
 45. Offer.
Preparation of this Lease by either party or their agent and submission of same to the other Party shall not be deemed an offer to lease to the other Party. This Lease is not intended to be binding until executed and delivered by all Parties hereto.

 46. Amendments. This Lease may be modified only in writing, signed by the Parties in interest at the time of the modification. As long as they do
not materially change Lessee’s obligations hereunder, Lessee agrees to make such reasonable non-monetary modifications to this Lease as may be reasonably required by a Lender in connection with the obtaining of normal financing or refinancing
of the Premises. 
 47. Waiver of Jury Trial. THE PARTIES HEREBY WAIVE THEIR RESPECTIVE RIGHTS TO TRIAL BY JURY IN ANY ACTION OR PROCEEDING INVOLVING THE
PROPERTY OR ARISING OUT OF THIS AGREEMENT. 
 48. Arbitration of Disputes. An Addendum requiring the Arbitration of all disputes between the
Parties and/or Brokers arising out of this Lease ☒ is ☐ is not attached to this Lease. 
 49. Accessibility; Americans with Disabilities Act.

 (a) The Premises: 
 ☒ have not
undergone an inspection by a Certified Access Specialist (CASp). Note: A Certified Access Specialist (CASp) can inspect the subject premises and determine whether the subject premises comply with all of the applicable construction-related
accessibility standards under state law. Although state law does not require a CASp inspection of the subject premises, the commercial property owner or lessor may not prohibit the lessee or tenant from obtaining a CASp inspection of the subject
premises for the occupancy or potential occupancy of the lessee or tenant, if requested by the lessee or tenant. The parties shall mutually agree on the arrangements for the time and manner of the CASp inspection, the payment of the fee for the CASp
inspection, and the cost of making any repairs necessary to correct violations of construction-related accessibility standards within the premises. 

☐ have undergone an inspection by a Certified Access Specialist (CASp) and it was determined that the Premises met all applicable construction-related
accessibility standards pursuant to California Civil Code §55.51 et seq. Lessee acknowledges that it received a copy of the inspection report at least 48 hours prior to executing this Lease and agrees to keep such report confidential. 

☐ have undergone an inspection by a Certified Access Specialist (CASp) and it was determined that the Premises did not meet all applicable
construction-related accessibility standards pursuant to California Civil Code §55.51 et seq. Lessee acknowledges that it received a copy of the inspection report at least 48 hours prior to executing this Lease and agrees to keep such report
confidential except as necessary to complete repairs and corrections of violations of construction related accessibility standards. 
 In the event that the
Premises have been issued an inspection report by a CASp the Lessor shall provide a copy of the disability access inspection certificate to Lessee within 7 days of the execution of this Lease. 

(b) Since compliance with the Americans with Disabilities Act (ADA) and other state and local accessibility statutes are dependent upon
Lessee’s specific use of the Premises, Lessor makes no warranty or representation as to whether or not the Premises comply with ADA or any similar legislation other than Lessor Improvements which shall comply. In the event that Lessee’s
use of the Premises requires modifications or additions to the Premises in order to be in compliance with ADA or other accessibility statutes, Lessee agrees to make any such necessary modifications and/or additions at Lessee’s expense. 

LESSOR AND LESSEE HAVE CAREFULLY READ AND REVIEWED THIS LEASE AND EACH TERM AND PROVISION CONTAINED HEREIN, AND BY THE EXECUTION OF THIS LEASE SHOW THEIR
INFORMED AND VOLUNTARY CONSENT THERETO. THE PARTIES HEREBY AGREE THAT, AT THE TIME THIS LEASE IS EXECUTED, THE TERMS OF THIS LEASE ARE COMMERCIALLY REASONABLE AND EFFECTUATE THE INTENT AND PURPOSE OF LESSOR AND LESSEE WITH RESPECT TO THE PREMISES.

 ATTENTION: NO REPRESENTATION OR RECOMMENDATION IS MADE BY AIR CRE OR BY ANY BROKER AS TO THE LEGAL SUFFICIENCY, LEGAL EFFECT, OR TAX CONSEQUENCES
OF THIS LEASE OR THE TRANSACTION TO WHICH IT RELATES. THE PARTIES ARE URGED TO: 
  

	1.	 SEEK ADVICE OF COUNSEL AS TO THE LEGAL AND TAX CONSEQUENCES OF THIS LEASE. 

 

	2.	 RETAIN APPROPRIATE CONSULTANTS TO REVIEW AND INVESTIGATE THE CONDITION OF THE PREMISES. SAID INVESTIGATION
SHOULD INCLUDE BUT NOT BE LIMITED TO: THE POSSIBLE PRESENCE OF HAZARDOUS SUBSTANCES, THE ZONING OF THE PREMISES, THE STRUCTURAL INTEGRITY, THE CONDITION OF THE ROOF AND OPERATING SYSTEMS, COMPLIANCE WITH THE AMERICANS WITH DISABILITIES ACT AND THE
SUITABILITY OF THE PREMISES FOR LESSEE’S INTENDED USE. 

 WARNING: IF THE PREMISES ARE LOCATED INA STATE OTHER THAN CALIFORNIA,
CERTAIN PROVISIONS OF THE LEASE MAY NEED TO BE REVISED TO COMPLY WITH THE LAWS OF THE STATE IN WHICH THE PREMISES ARE LOCATED. 

  

					
	 	  	Page 16 of 17	  	 
	INITIALS	  		  	 INITIALS

 The parties hereto have executed this Lease at the place and on the dates specified above their respective
signatures. 
  

									
	 Executed at: Larkspur, CA

On:
	 		 	 Executed at: Larkspur, CA

On:

			
	 By LESSOR:
 Remillard Brick
Kiln, LLC a California Limited Liability Company
	 		 	 By LESSEE:
 Akili Interactive
Labs, Inc.

					
	By:	 	 /s/ Richard M. Hall
	 		 	By:	 	 /s/ Matt Omernick

	Name Printed: Richard M. Hall	 		 	Name Printed: Matt Omernick
	Title: Managing Partner	 		 	Title: Chief Creative Officer
	Phone: [***]	 		 	Phone: [***]
	Fax: [***]	 		 	Fax:
	Email: [***]	 		 	Email: [***]
	 PO Box 633
 Ross, CA 94957

Federal ID No.: 200264412
	 		 	  
 By:

Name Printed:
 Title:

Phone:
 Fax:

	By:	 	  
	 		 		 	
	 Name Printed:
 Title:

Phone:
 Fax:

Email:
  

Address:
 Federal ID No.:
	 		 	 Email:
  

Address:
 Federal ID No.:

			
	 BROKER
  

Cushman & Wakefield U.S. Inc.
  

Attn: Steve Easely
 Title: Senior Director

 
 Address: 900 Larkspur Landing Circle, #295, Larkspur, CA 94939

Phone: [***]
 Fax:

Email: [***]
 Federal ID No.: 77-0187787

Broker/Agent BRE License #: 01880493/00378205
	 		 	 BROKER
  

Jones Lang LaSalle Brokerage, Inc.
  

Attn: Chris Tewhill
 Title: Associate

 
 Address: 1000 Fourth Street, Suite 400, San Rafael, CA 94901

Phone: [***]
 Fax:

Email: [***]
 Federal ID No.:

Broker/Agent BRE License #: 01856260/02034376

 AIR CRE. 500 North Brand Blvd, Suite 900, Glendale, CA 91203, Tel 213-687-8777, Email contracts@aircre.com

 NOTICE: No part of these works may be reproduced in any form without permission in writing. 

  

					
	 	  	Page 17 of 17	  	 
	INITIALS	  		  	 INITIALS

 

 
 COMMENCEMENT DATE MEMORANDUM 

Date:         May 29, 2019 

By and Between 

    Lessor:     Remillard Brick Kiln, LLC a California Limited Liability Company 

    Lessee:     Akili Interactive Labs, Inc. 

Property Address:     125 E. Sir Francis Drake Boulevard, Suite 300 & 301, Larkspur, CA 94939 

                        
                    (street address, city, state, zip) 

THIS MEMORANDUM, made as of May 29,2019 by and between Remillard Brick Kiln, LLC a California Limited Liability Company (“Lessor”) and Akili
Interactive Labs, Inc. (“Lessee”). 
 Recitals: 

Lessor and Lessee are parties to that certain Lease, dated for reference purposes 6/15/2018 (the “Lease”) for certain premises (the
“Premises”) commonly known as (street address, city, state, zip) 125 E. Sir Francis Drake Boulevard, Suite 300 & 301, Larkspur, CA 94939 . 

Lessee is now in possession of the Premises and the Term of the Lease has commenced. 

Lessor and Lessee desire to enter into this Memorandum confirming the Commencement Date, the Expiration Date and other matters under the Lease. 

NOW, THEREFORE, Lessor and Lessee agree as follows: 

1. The actual Commencement Date is June 1, 2019 . 

2. The actual Expiration Date is November 30, 2026 . 

3. The Base Rent shall be adjusted on the dates indicated as follows: Fully Serviced Rent shall be increased by four percent ( 4%) following
the expiration of the Twelfth (12th) month from the Lease commencement date and at every twelfth (12) month interval thereafter by the same percentage. (strike if not applicable) 

4. Other: 
 Clarification of Addendum: 

- Paragraph 50 - First months rent of $63,590 was paid upon lease execution. 

- Paragraph 54 - Rent Abatement Suite 300 is 3 months and Suite 301 is 6 months; 

Rent Schedule - Monies due reflecting pre-paid first months rent: 

			
	06/01/2019 - 09/30/2019 = $0.00	  	06/01/2022 - 05/31/2023 = $71,530.00
	10/01/2019 - 12/31/2019 = $37,868.00	  	06/01/2023 - 05/31/2024 = $74,391.00
	01/01/2020 - 05/31/2020 = $63,590.00	  	06/01/2024 - 05/31/2025 = $77,366,00
	06/01/2020 - 05/31/2021 = $66.133.00	  	06/01/2025 - 05/31/2026 = $80.461.00
	06/01/2021 - 05/31/2022 = $68,778.00	  	06/01/2026 - 11/30/2026 = $83,678.00 (strike if not applicable)

 5. Capitalized terms not defined herein shall have the same meaning as set forth in the Lease. 

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

 

									
	 By Lessor
  

Remillard Brick Kiln, LLC a California Limited Liability Company
  
	 		 	 By Lessee
  

Akili Interactive Labs, Inc.
  

					
	 By:
	 	 /s/ Richard M. Hall
	 		 	 By:
	 	 /s/ Matt Omernick

	 Name Printed: Richard M. Hall

Title: Managing Partner
 Phone: [***]

Fax: [***]
 Email: [***]
	 		 	 Name Printed: Matt Omernick
 Title:
Chief Creative Officer
 Phone [***]
 Fax:

Email: [***]

					
	 By:
	 	  
	 		 	 By:
	 	  

	 Name Printed:
 Title:

Phone:
 Fax:

Email:
  

Address:
 Federal ID No.:
	 		 	 Name Printed:
 Title:

Phone:
 Fax:

Email:
  

Address:
 Federal ID No.:

  

					
	 	  		  	 
	INITIALS	  		  	 INITIALSEX-10.25

 Exhibit 10.25 

CERTAIN CONFIDENTIAL INFORMATION, MARKED BY [***] HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND IS THE TYPE THAT
THE REGISTRANT TREATS AS PRIVATE OR CONFIDENTIAL. 
 LICENSE, DEVELOPMENT AND COMMERCIALIZATION AGREEMENT 

This LICENSE, DEVELOPMENT AND COMMERCIALIZATION AGREEMENT (the “Agreement”) is made as of 16 August 2021 (the
“Effective Date”) by and between Akili Interactive Labs, Inc. with a place of business at 125 Broad Street, 5th Floor, Boston, MA 02110 (“Akili”) and TALi Digital Limited with a place of business at Level 5,
19 William Street, Cremorne Victoria 3121 Australia (“TALi”). Akili and TALi are each referred to herein by name or, individually, as a “Party” or, collectively, as the “Parties.” 

BACKGROUND 
 A. TALi and
its Affiliates are developing game-based training and cognitive enhancement product offerings initially focused on young children and TALi and its Affiliates (as defined below) including a platform integrating its TALi TRAIN and TALi DETECT
offerings under the trade name “Ready, Attention, Go” (as described in more detail on Annex A hereto, as may be modified, expanded, updated or improved from time to time the “RAG Offering”); 

B. the Parties desire to enter into a development and commercialization relationship related to the RAG Offering, all as described and on the
terms and conditions set forth in this Agreement; and NOW, THEREFORE, in consideration of the mutual covenants and agreements provided herein below and other consideration, the receipt and sufficiency of which is hereby acknowledged, Akili and TALi
hereby agree as follows: 
 Article 1 

DEFINITIONS 
 In addition
to terms defined elsewhere in this Agreement, the following terms have the corresponding meanings when used in this Agreement: 
 1.1
“Accounting Standards” means, with respect to a Person, then current generally accepted accounting principles consistently applied by such Person, including U.S. GAAP and International Financial Reporting Standards. 

1.2 “ADHD” means attention-deficit/hyperactive disorder. 

1.3 “Affiliate” means with respect to a Person, any other Person controlling, controlled by or under common control with such
first Person, for so long as such control exists. For purposes of this Section 1.3 only, “control” means (a) direct or indirect ownership of fifty percent (50%) or more (or, if less than fifty percent (50%), the maximum
ownership interest permitted by Applicable Law) of the stock or shares having the right to vote for the election of directors of such Person or (b) the possession, directly or indirectly, of the power to direct, or cause the direction of, the
management or policies of such Person, whether through the ownership of voting securities, by contract or otherwise. 
  

 1.4 “Agreement Technology” means any Technology generated by or on behalf
of a Party or its Affiliates (either alone or, where permitted, together with others, including the other Party) in the course of the performance of its obligations under this Agreement, and unless the Parties agree otherwise, the other Transaction
Agreements. 
 1.5 “Akili Improvement” means any Agreement Technology that exclusively relates to any Akili Contributed
Technology. 
 1.6 “Akili Contributed Technology” means any Technology Controlled by Akili and expressly made available for
use for the development of the RAG Offering or other Product hereunder or pursuant to the Support and Development Agreement (as defined in Section 5.1). 

1.7 “Annual Net Sales” means, with respect to a particular calendar year (or portion thereof), all Net Sales during such
calendar year. 
 1.8 “Applicable Law” means any and all laws, ordinances, orders, rules, rulings, directives and
regulations of any kind whatsoever of any Regulatory Authority or other governmental authority within the applicable jurisdiction applicable to a Party’s activities under this Agreement. 

1.9 “Attention Condition” means, individually and collectively, any attention or cognitive difficulty, deficit, or disorder,
including ADHD. 
 1.10 “Business Day” means any day except a Saturday, Sunday or any other day on which commercial banks
in New York, New York or Melbourne, Australia are authorized or required by law to remain closed. 
 1.11
“Commercialization” means, with respect to a Product, any and all processes and activities conducted to: (a) establish and maintain sales, including offering for sale, selling (including launch and pre-launch activities such as market assessment and preparation), (b) lead strategic efforts, including (i) strategic marketing (including product positioning, messaging, product trademarking, and brand
concepts), (ii) reimbursement, (iii) account management, (iv) development of advertising and promotional materials and packaging, and (v) other marketing and market access activities; and (c) subject to Section 6.1.3,
conduct all medical affairs and similar activities, including managing and responding to medical questions or inquiries from medical professionals, other than as may be designated to a different party or entity under the SDE Agreement (as defined in
Section 6.2.1). For clarity, Commercialization also includes activities traditionally conducted by sales representatives (including field sales, institutional sales, trade sales and managed care sales representatives) and other persons having
similar functions. “Commercialize” and “Commercializing” have their correlative meanings. 
 1.12
“Control” means, with respect to any Patent, Technology, or Trademark, possession (whether by ownership, license or otherwise) by the Party (or its Affiliate) granting the applicable right, license, access or release to the other
Party as provided herein of the power and authority, whether arising by ownership, license, or other authorization, to disclose and deliver the particular Technology to the other Party, and to grant and authorize under such Patent, Technology or
Trademark the right, license, access or release, as applicable, of the scope granted to such other Party in this Agreement without giving rise to any violation of the terms of any written agreement with any Third Party existing at the time such
right, license, access or release first comes into effect hereunder. “Controlled” and “Controlling” have their correlative meanings. 

  
 -2- 

 1.13 “Cover” means, with respect to any subject matter, that the
manufacture, use, sale, offering for sale, importation, exportation or other exploitation of such subject matter would infringe a claim of a Patent at the time thereof. “Covered” or “Covering” have their correlative
meanings. 
 1.14 “Cumulative Net Sales” means the total aggregate Net Sales during the Term (as defined in
Section 13.1). 
 1.15 “Data” means any and all data of any kind including as further described in the Data Sharing
Agreement (as defined in Section 8.1). 
 1.16 “Dollar” means a U.S. dollar, and “$” shall be interpreted
accordingly. 
 1.17 “FDA” means the United States Food and Drug Administration, or any successor agency thereto. 

1.18 “Field” means the Treatment of Attention Conditions in children 12 years of age and younger. 

1.19 “Know-How” means any and all information and materials comprising
(a) ideas, discoveries, inventions, improvements or trade secrets, (b) Data, and (c) databases, practices, methods, techniques, specifications, formulations, formulae, and knowledge. 

1.20 “MAA” (Marketing Approval Application) means an application or submission for Marketing Approval filed with the FDA or
Regulatory Authority to obtain marketing clearance or approval for a product, including a filing for De Novo classification, 510(k) market clearance, or otherwise. 

1.21 “Marketing Approval” means, with respect to a product, approval (whether accelerated, conditional or unconditional) or
other permission by the FDA or other Regulatory Authority sufficient to initiate marketing and sales of such product. 
 1.22 “Net
Sales” means gross amounts invoiced for the RAG Offering in the Field in the Territory by or on behalf of Akili and its Affiliates less the following: (a) bad debts related to the RAG Offering; (b) licensing fees and any normal
and customary trade, quantity and cash discounts and any other adjustments, including granted on account of price adjustments, billing errors, recalls, returns, rebates, chargeback rebates, reimbursements or similar payments granted or given to
buying groups, health care insurance carriers or other institutions or Persons, adjustments arising from consumer discount programs, in each case with respect to such invoiced amounts; (c) any payment in respect of any such invoiced amounts to
any government (including any agency or department thereof) or with respect to any government-subsidized program or managed care organization to the extent not reimbursed, refunded or credited to Akili and its Affiliates; and (d) sales or
similar taxes, including duties or other governmental charges imposed on the RAG Offering invoiced to the Third Party customer (including value added taxes or other governmental charges otherwise measured by the billing amount, but excluding any
taxes imposed on or measured by the net income or profits), to the extent included in the invoice amount and not reimbursable, refundable or creditable to Akili and its Affiliates. In each case, the amounts will be calculated in accordance with
Accounting Standards. 

  
 -3- 

 1.23 “Patent” means any of the following, whether existing now or in the
future anywhere in the Territory: (a) any issued patent, including inventor’s certificates, substitutions, extensions, confirmations, reissues, re-examination, renewal or any like governmental grant
for protection of inventions; and (b) any pending application for any of the foregoing, including any continuation, divisional, substitution, continuation-in-part,
provisional and converted provisional applications. 
 1.24 “Person” means any individual, corporation, partnership,
association, joint-stock company, trust, unincorporated organization or government or political subdivision thereof. 
 1.25 “Pilot
Study” means a clinical study conducted by TALi (or its representatives) for the RAG Offering for ADHD in children eight (8) years of age and younger in accordance with a protocol approved by the JSC (as defined in Section 2.1.1)
to meet the criteria set forth in the Pilot Study Plan (as defined in Section 4.2). 
 1.26 “Pivotal Study” means a
clinical study conducted by TALi for the RAG Offering in accordance with a protocol approved by the JSC to meet the criteria set forth in the Pivotal Study Plan (as defined in Section 4.3). 

1.27 “Product” means (a) the RAG Offering; (b) other products and services developed in accordance with the Pilot
Study Plan, the Pivotal Study Plan or the Territory R&D Plans (as defined in Section 4.8); or (c) products or services otherwise Covered by a Product Patent. 

1.28 “Product Patent” means any Patent in the Territory Controlled by TALi Covering the RAG Offering. 

1.29 “Product Technology” means any and all Technology (including the Product Software (as defined in Section 5.3))
Controlled by TALi comprising, used for or related to the RAG Offering, including all TALi Improvements. 
 1.30 “Prosecution and
Maintenance” means, with respect to a Patent, (a) the preparing, filing, prosecuting and maintenance of such Patent (including conducting all correspondence and interactions with any government office or court having jurisdiction over
the same), including the right to apply for Patents pursuant to the International Convention for the Protection of Industrial Property or pursuant to any other convention, treaty, agreement or understanding and (b) seeking or conducting re-examinations, reissues, requests for Patent term extensions and the like with respect to such Patent, together with the conduct of interferences, inter partes reviews, the defense of oppositions and other similar
proceedings with respect to the particular Patent (whether before or after issuance); and “Prosecute and Maintain” and “Prosecuting and Maintaining” have their correlative meanings. 

1.31 “RAG Marks” means the “Ready, Attention, Go” trade name and associated Trademarks. 

  
 -4- 

 1.32 “Regulatory Authority” means the FDA and any other regulatory agency,
department, bureau or other governmental entity with authority over the development, Supply, Commercialization or other use or exploitation for products intended (as shown by course of development or labelling) for use in Treating any human health
condition. 
 1.33 “Regulatory Materials” means regulatory applications, submissions, notifications, communications,
correspondence, registrations, Marketing Approvals or other filings made to, received from or otherwise conducted with the FDA or other relevant Regulatory Authority (including minutes of meeting with any Regulatory Authority) that are necessary or
relate to the development, Supply or Commercialization of the Product for the Field in the Territory. 
 1.34 “Services”
means all of TALi’s service and related obligations under the Transaction Agreements. 
 1.35 “Supply” means to
(a) deliver or make available (whether electronically, over the Internet, via a hosted environment, or otherwise) any product, software, or other Technology (including any data or results therefrom) and all ancillary materials and supplies
necessary for use therewith including all hosting, manufacture or sourcing thereof and any associated equipment, hardware, infrastructure, or components and (b) provide any and all technical and other support services in connection therewith.

 1.36 “TALi Improvements” means any Agreement Technology that (a) is developed from or incorporates the Product
Technology or other Technology contributed solely by TALi (and (i) is not developed from Akili Contributed Technology or (ii) does not incorporate Akili Contributed Technology), (b) is useful exclusively for the RAG Offering, or
(c) otherwise exclusively relates to any Product Technology or other Technology contributed solely by TALi. 
 1.37 “TALi
Trademarks” means Trademarks Controlled by TALi or its Affiliates as listed in Exhibit 7.3, including the RAG Marks as updated by TALi from time to time. 

1.38 “Technology” means any, results, technology, or information, in any tangible or intangible form, including works of
authorship, software (in both source code and object code form), Know-How, trade secrets, practices, techniques, methods, processes, inventions (patentable or otherwise), ideas, developments, specifications,
formulations, formulae, materials, algorithms, technical, scientific or other data of any type or kind, and research materials, in each case together with any and all associated intellectual property rights, but excluding Patents. 

1.39 “Territory” means the United States and its territories and protectorates. 

1.40 “Third Party” means any Person other than TALi, Akili or their respective Affiliates. 

1.41 “Trademark” means any trademark, trade name, service mark, service name, brand, domain name, trade dress, logo, slogan
or other indicia of origin or ownership in or available in the Territory, including registrations and applications therefor and the goodwill and activities associated with each of the foregoing. 

  
 -5- 

 1.42 “Transaction Agreements” means, individually and collectively, this
Agreement and the various other agreements and plans expressly referenced herein to be entered into between the Parties including the Pilot Study Plan, Pivotal Study Plan, Support and Development Agreement and Data Sharing Agreement, in each case
once executed. 
 1.43 “Treatment” means, with respect to a condition, the prediction, identification, diagnosis,
assessment (including grading), monitoring, prevention, treatment, reduction, mitigation, slowing or halting the progress of, or other management, of such condition. “Treat” and “Treating” have their correlative
meanings. 
 1.44 Additional Definitions. Each of the following definitions have the meanings defined in the corresponding sections
of this Agreement indicated below: 
  

			
	 Defined Term
	  	 Section

	Agreement	  	Preamble
	Akili	  	Preamble
	Akili Indemnitees	  	12.4.1
	Akili Rights	  	3.1.1
	Alliance Manager	  	2.8
	Backup	  	5.1.1
	Breaching Party	  	13.1
	Business Plan	  	7.4
	Clinical Cost Report	  	4.4
	Clinical Costs	  	4.4
	Committee	  	2.3
	Confidential Information	  	11.1
	Cost Estimate	  	5.2
	Cumulative Royalties	  	Exhibit 9.1.1
	Data Sharing Agreement	  	8.1
	Deadlock Matter	  	2.6
	Dispute	  	14.1
	Effective Date	  	Preamble
	Enforcement Action	  	10.6.2
	Escrow Agreement	  	5.4
	Escrow Materials	  	5.4.2
	Favorable Terms	  	3.1.2(b)
	Filing Party	  	6.1.3
	Force Majeure Event	  	15.11
	Indemnify	  	12.4.1
	Infringement	  	10.6.1
	Initial Studies	  	4.5.8
	Initial Study Credit	  	4.7
	Initial Study Period	  	4.5.8
	Insolvency Event	  	13.5
	Joint Patents	  	10.2
	Joint Technology	  	10.2

  
 -6- 

			
	JSC	  	2.1.1
	Losses	  	12.4.1
	Milestone Event	  	9.1
	Milestone Payment	  	9.1
	New Feature	  	5.2
	New Use	  	3.1.2(a)
	New Use Product	  	3.1.2(b)
	Non-Delivery Condition	  	5.1.3
	Offered Terms	  	3.1.2(a)
	Other Dispute	  	14.3
	Parties	  	Preamble
	Party	  	Preamble
	Pilot Study Plan	  	4.2
	Pilot Study Report	  	4.2
	Pivotal Study Plan	  	4.3
	Product Marks	  	7.3.1
	Product Software	  	5.3
	RAG Offering	  	Background
	Release Condition	  	5.1.3
	Release Event	  	5.4.4
	Royalties	  	Exhibit 9.1.2
	Royalty Payment	  	9.2
	SDE Agreement	  	6.2.1
	Study Budget	  	4.8
	Study Plans	  	4.3
	Support and Development Agreement	  	5.1
	TALi	  	Preamble
	TALi Indemnitees	  	12.4.2
	Term	  	13.1
	Territory R&D Plans	  	4.10
	Third-Party Claim	  	12.4.1
	Working Group	  	2.2

 1.45 Interpretation. The captions and headings to this Agreement are for convenience only, and are to
be of no force or effect in construing or interpreting any of the provisions of this Agreement. Unless specified to the contrary, references to Articles, Sections or Exhibits mean the particular Articles, Sections or Exhibits to this Agreement and
references to this Agreement include all Exhibits hereto. Unless context otherwise clearly requires, whenever used in this Agreement: (a) the words “include” or “including” shall be construed as incorporating, also,
“but not limited to” or “without limitation;” (b) the word “day” or “year” means a calendar day or year unless otherwise specified; (c) the word “notice” means notice in writing, including by
email (whether or not specifically stated) and shall include notices, consents, approvals and other communications contemplated under this Agreement; (d) the words “hereof,” “herein,” “hereby” and derivative or
similar words refer to this Agreement (including any Exhibits); (e) the word “or” shall be construed as the inclusive meaning identified with the phrase “and/or;”(f) provisions that require that a Party, the Parties or a
Committee hereunder “agree,” “consent” or “approve” or the 

  
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like shall require that such agreement, consent or approval be specific and in writing, whether by written agreement, letter, approved minutes or otherwise; (g) words of any gender include
the other gender; (h) words using the singular or plural number also include the plural or singular number, respectively; (i) references to any specific law, rule or regulation, or article, section or other division thereof, shall be
deemed to include the then-current amendments thereto or any replacement law, rule or regulation thereof; and (j) neither Party or its Affiliates shall be deemed to be acting “on behalf of” or “under authority of” the other
Party. 
 Article 2 

GOVERNANCE 
 2.1 Joint
Steering Committee. 
 2.1.1 Establishment. Promptly after the Effective Date, Akili and TALi shall establish a joint steering
committee (the “JSC”) to oversee, review and coordinate the activities of each Party under this Agreement, including the development, Supply, and Commercialization of the RAG Offering for the Field in the Territory as described
below. 
 2.1.2 Responsibilities. The JSC shall be responsible for (a) overseeing, coordinating the research and development
(and associated regulatory activities) of the Products and Services in the Field in the Territory; (b) preparing such procedures and mechanisms as may be necessary for the operation of the JSC and the Working Groups (as defined in
Section 2.2), and any other committees that the JSC determines to establish in order to assure efficiency in the collaboration between the Parties; (c) reviewing the Product Marks and Business Plan; (d) reviewing and approving the
Pilot Study Plan, Pivotal Study Plan, and Territory R&D Plans; and (e) reviewing privacy policies or notices required under Applicable Law in connection with the collection and use of patient end user data in connection with the Products.

 2.2 Working Groups. The JSC may, from time to time, establish working groups, including the working group described in this
Section 2.2 (each, a “Working Group”) to perform certain duties of the JSC as expressly delegated by the JSC to such Working Group. Each such Working Group shall report into and be subordinate to the JSC. Accordingly, each
Working Group shall keep the JSC regularly informed of the activities that it is tasked with overseeing or otherwise carrying out, both through virtual and written reporting as reasonably necessary for the JSC to fulfill its responsibilities with
respect to such activities and the Product for the Field. 
 2.3 Membership. The JSC and each Working Group created by the JSC
pursuant to Section 2.2 (each a “Committee”) shall be comprised of an equal number of representatives from each of TALi and Akili, and unless otherwise agreed such number, with respect to the JSC, shall be three
(3) representatives from each of TALi and Akili. The JSC will be chaired by a representative of either Party, as agreed from time-to-time. 

2.4 Meetings. The JSC will meet at such times as are designated by the Parties and at least [***]. The meetings will be held virtually
unless otherwise mutually agreed. Attendance at meetings may be in person, by telephone, by video conference, or other means. The JSC will keep minutes of its meetings, which minutes are both Parties’ Confidential Information (as defined in
Section 11.1), whether or not marked as “Confidential” or otherwise. Each Party will, at each 

  
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meeting, provide an update on (i) its progress with respect to the activities to that Party with respect to the Product and the Services; and (ii) activities being conducted (and
proposed to be conducted) under this Agreement involving the Products and Services (provided that a Party will not be required to disclose details that would destroy patentability of novel inventions or innovations or otherwise prejudice the RAG
Offering or the Product Technology). 
 2.5 Quorum. At least two representatives from each Party must be present for a meeting to
proceed (including making decisions). If a quorum is not present at a meeting of the JSC within one hour from the time specified in the relevant notice of meeting, the meeting will be adjourned for a number of Business Days determined by the Chair,
being not more than [***] ([***]) Business Days, to the same time and place on that day. 
 2.6 Decision Making. Decisions of each
Committee shall be made unanimously by consensus, which will be reflected in the minutes or otherwise in writing signed by each Party, with each Party having one (1) vote. Each Party shall work in good faith to reach consensus on matters and
act in the general spirit of cooperation (taking into consideration the scope of such Committee’s authority and the principles set forth in Section 2.6.2) and in no event shall either Party unreasonably withhold, condition or delay any
approval or other decision of a Committee hereunder. In the event a Working Group fails to reach consensus with respect to a particular matter within its authority (the “Deadlock Matter”), then upon request by either Party such
matter shall be referred to (i) the Alliance Managers for resolution by good faith discussions for a period of at least [***] ([***]) Business Days. If the Alliance Managers fail to reach consensus with respect to the Deadlock Matter, the JSC
for resolution. In the event that the JSC fails to reach consensus with respect to a particular matter within its authority, then either Party may, by notice to the other Party, have such matter referred to the Chief Executive Officer of Akili and
the Chief Executive Officer of TALi for resolution by good faith discussions for a period of at least [***] ([***]) Business Days. In the event that the Chief Executives Officers are unable to reach agreement with respect to such matter within
such [***] ([***]) Business Days, then the following shall apply: 
 2.6.1 By TALi. TALi shall have the final decision-making
authority with respect to development activities conducted and associated regulatory matters that occur prior to obtaining the first Marketing Approval for the RAG Offering in the Territory, including the conduct of the Pilot Study and the Pivotal
Study (except to the extent the same would likely have a material adverse effect on the Product in the Territory); and 
 2.6.2 By
Akili. Akili shall have the final decision-making authority with respect to (i) Commercialization and associated regulatory matters (including negotiating the label) for the RAG Offering and other Products in the Territory during the Term
and (ii) development activities conducted after obtaining the first Marketing Approval for the RAG Offering in the Territory. 
 and
provided further that neither Party may exercise its final decision-making authority in a manner that (A) is inconsistent with the express terms of this Agreement (including Sections 2.6.1 and 2.6.2) or (B) that would unilaterally
impose any obligation on the other Party (including the other Party to incur or share any cost that is not provided for expressly hereunder or in the Support and Development Agreement). 

  
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 2.7 Committee Authority. 

2.7.1 General. Notwithstanding the creation of the JSC and any Working Group, each Party shall retain the rights, powers and discretion
granted to it hereunder, and no Committee shall be delegated or vested with rights, powers or discretion unless such delegation or vesting is expressly provided herein, or the Parties expressly so agree. No Committee shall have the power to
(a) amend, modify or waive compliance with this Agreement, (b) to determine whether or not a Party has met its obligations under the Agreement, or (c) to determine whether or not a breach of this Agreement has occurred, and no
decision of any Committee shall be in contravention of any terms and conditions of this Agreement. It is understood and agreed that issues to be formally decided by the JSC and any Working Group, as applicable, are only those specific issues that
are expressly provided in this Agreement to be decided by the JSC and any such Working Group, as applicable. 
 2.7.2 Guiding
Principles. Each Committee shall perform its responsibilities under this Agreement based on the principles of prompt and commercially reasonable development, Supply and Commercialization of the Product for the Field in the Territory. 

2.8 Alliance Managers. Promptly after the Effective Date, each Party shall appoint an individual to act as alliance manager for that
Party (each, an “Alliance Manager”). If an Alliance Manager is not a voting member of the JSC, the Alliance Manager shall be permitted to attend meetings of the JSC as a non-voting observer,
subject to the confidentiality provisions of Article 10. The Alliance Managers shall be the primary point of contact for the Parties with respect to the activities to be conducted under this Agreement. The name and contact information for the
Alliance Managers, as well as any replacement(s) chosen by either Party in their sole discretion from time to time, shall be promptly provided to the other Party in writing. 

2.9 Day-to-Day Responsibilities. Each Party shall:
(a) be responsible for day-to-day implementation and operation of the activities hereunder for which it has or is otherwise assigned responsibility under this
Agreement, provided that such implementation is not inconsistent with the express terms of this Agreement or the decisions of a Committee within the scope of its authority specified herein; and (b) keep the other Party informed as to the
progress of such activities as reasonably requested by the other Party and as otherwise determined by the JSC. 
 Article 3 

RIGHTS AND EXCLUSIVITY 
 3.1
Rights of Akili. 
 3.1.1 General. Subject to the terms and conditions of this Agreement, Akili has the following rights
(collectively, the “Akili Rights”): (a) the exclusive (even as to TALi, except as necessary or required for TALi to perform the Services) right to develop, Supply and Commercialize the Product solely for the Field in the Territory;
and (b) subject to Section 6.1.3, the right to conduct regulatory activities in support of Akili’s activities described in (a) of this Section 3.1.1 other than those described in Section 6.1.1. Akili shall exercise such
rights to conduct Commercialization in accordance with Article 7. 
 3.1.2 New Uses. 

  
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 (a) Notice of Intent. If TALi intends to develop any new use or functionality for a
Product including for indications or applications outside of the Field in the Territory or the expansion of the age cohort (each, a “New Use”), then TALi will notify Akili in writing within [***] ([***]) days after the beginning of
the development of such New Use and provide Akili with a description of such New Use together with internal materials and documents prepared in support thereof and the terms and conditions to which TALi would be willing to include such New Use
hereunder (such terms and conditions, the “Offered Terms”). 
 (b) Offered Terms. Akili will have the right, but not
the obligation to accept the Offered Terms by written notice to TALi within [***] ([***]) days after Akili’s receipt of notice from TALi described in Section 3.1.2(a). If Akili accepts the Offered Terms within such [***] ([***]) day
period, then the Parties shall promptly modify this Agreement to reflect (a) the Offered Terms and (b) the inclusion of the New Uses in the Field hereunder. If Akili does not accept the Offered Terms, then TALi may offer the New Use to a
Third Party within the Territory on terms, which are, on the whole, no more favorable to the Third Party than the Offered Terms. If, at any time prior to TALi’s entering into an agreement with a Third Party for the commercialization of such New
Use, TALi intends to offer to such Third Party more favorable terms than the Offered Terms (“Favorable Terms”), then (i) TALi must provide Akili with written notice of such Favorable Terms and (ii) Akili will have [***]
([***]) days to accept the Favorable Terms. Only if Akili does not accept the Offered Terms or if any, Favorable Terms, then TALi will be free to execute such agreement for the commercialization of the New Use with the Third Party in the Territory.
If TALi develops and commercializes the New Use itself or with a Third Party, then the New Use must be developed as a product (“New Use Product”) that is not confusingly similar to the Products in the Field in the Territory and such
New Use Product must be differentiated by a new look and feel and minimize off-label usage. Notwithstanding the foregoing, nothing in this Section 3.1.2 prevents TALi from using its own Trademarks for the
commercialization of the New Use Product in the Territory. For clarity, the Parties acknowledge that nothing in this Agreement in any way restricts or limits the rights of TALi to use, license or otherwise exploit the New Use outside the Territory.

 3.1.3 Use of Affiliates and Third Parties. Each Party may exercise its rights under this Agreement through its Affiliates and
Third Parties, provided that each Party shall guarantee and be responsible for its respective Affiliate’s and any such Third Party’s compliance with the terms of this Agreement including all relevant restrictions, limitations and
obligations. For clarity, any Third Party’s access to the Product Technology shall be limited as provided in Section 11.3. 
 3.2
License of Akili Contributed Technology. Subject to the terms and conditions of this Agreement, Akili hereby grants to TALi a non-exclusive license under any Akili Contributed Technology (and associated
Patents) to, during the Term, conduct any activities and perform any obligations assigned to TALi under this Agreement and the other Transaction Agreements, including conducting regulatory activities in support of TALi’s activities described in
this Section 3.2 in accordance with Article 6. 
 3.3 No Other Rights. Each Party acknowledges that the rights and licenses
under this Article 3 and elsewhere in this Agreement are limited to the express scope thereof. Accordingly, except for the rights and licenses expressly granted under this Agreement, no right, title, or interest of any nature whatsoever is granted,
whether by implication, estoppel, reliance, or otherwise, by either Party to the other Party. All rights and licenses with respect to Know-How, Patents or other intellectual property rights that are not
specifically granted herein are reserved to the Party controlling the same. 

  
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 Article 4 

RAG OFFERING DEVELOPMENT MATTERS 

4.1 General. The Parties intend to engage in various collaborative research and development projects under this Agreement during the
Term in order to develop and Commercialize the Products, as further detailed in this Article 4. 
 4.2 Pilot Study. After the
Effective Date, TALi shall establish a plan for an initial clinical study for conduct of a pilot study for the RAG Offering (“Pilot Study Plan”) and submit such Pilot Study Plan for review and approval by the JSC. The JSC will use
all reasonable endeavours to approve the Pilot Study Plan within [***] ([***]) days of its submission to the JSC, including holding additional meetings of the JSC for this purpose. Prior to accepting the Pilot Study Plan, the JSC may propose
specific amendments to the Pilot Study Plan that TALi will use all reasonable endeavours to incorporate into any revised Pilot Study Plan that it may submit to the JSC in substitution for the previous Pilot Study Plan. Upon JSC approval of the Pilot
Study Plan, TALi will conduct those activities assigned to it under the Pilot Study Plan in accordance with the timelines therein. Akili will reimburse TALi for [***] percent ([***]%) of the direct out-of-pocket costs incurred by TALi for conducting the Pilot Study, excluding TALi internal costs, provided that such costs are reasonably documented and were incurred in accordance with the budget set forth
in the Pilot Study Plan, and subject to the maximum Akili reimbursement amount set forth in Section 4.4. Upon the conclusion of the Pilot Study, TALi will submit a report with all data and results from the Pilot Study in the form agreed upon in
the Pilot Study Plan to the JSC (“Pilot Study Report”). 
 4.3 Pivotal Study. If after review of the Pilot Study
Report the JSC determines that the results of the Pilot Study as described in the Pilot Study Report meet the success criteria described in the Pilot Study Plan or success criteria otherwise determined by the JSC, and only if the JSC so determines,
TALi will submit to the JSC for review and approval a plan for the Pivotal Study (“Pivotal Study Plan,” together with the Pilot Study Plan, the “Study Plans”). The JSC will use all reasonable endeavors to approve
the Pivotal Study Plan within [***] ([***]) days of its submission to the JSC, including holding additional meetings of the JSC for this purpose. Prior to accepting the Pivotal Study Plan, the JSC may propose specific amendments to the Pivotal Study
Plan that TALi will use all reasonable endeavors to incorporate into any revised Pivotal Study Plan that it may submit to the JSC in substitution for the previous Pivotal Study Plan. Upon JSC approval of the Pivotal Study Plan, TALi will conduct
those activities assigned to it under the Pivotal Study Plan in accordance with the timelines therein. Akili will reimburse [***] percent ([***]%) of the direct
out-of-pocket costs incurred by TALi for conducting the Pivotal Study, excluding TALi internal costs, provided that such costs were incurred in accordance with the
budget set forth in the Pivotal Study Plan, and subject to the maximum Akili reimbursement amount set forth in Section 4.4. 

  
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 4.4 Reimbursement. TALi shall calculate and maintain records of the direct out-of-pocket costs incurred by TALi for conducting the Pilot Study and the Pivotal Study (“Clinical Costs”) and provide to Akili an invoice and report
within [***] ([***]) Business Days after the end of each [***], in reasonable detail and format, of all Clinical Costs incurred during such [***] (each, a “Clinical Cost Report”). Within [***] ([***]) Business Days following the
receipt of a Clinical Cost Report, Akili shall have the right to request reasonable additional information related to TALi’s Clinical Costs in order to confirm that TALi’s spending is in conformance with the approved Study Plan (including
the budget set forth therein). The Parties agree that the maximum Akili shall be required to reimburse TALi for the clinical activities relating to the Product Technology and/or the Product, including but not limited to the Pilot Study and the
Pivotal Study, shall be two million Dollars ($2,000,000). 
 4.5 Study Plans. The Study Plans shall set forth in a level of detail
consistent with industry practice the development activities and timelines for those activities to be performed as further set out below, including developing data and a common technical dossier as may be required by any applicable Regulatory
Authority to obtain and maintain Marketing Approvals for the Product for the Field in the Territory. The Study Plans shall contain the following information: 

4.5.1 the applicable design and scope for each Study Plan; 

4.5.2 the budget for each Study Plan; 

4.5.3 regulatory matters including Regulatory Materials to be filed with Regulatory Authorities, including estimated timing of meetings with
Regulatory Authorities in support of activities described in this Article 4; 
 4.5.4 completion of the evidence generation for both the
assessment and training elements of the RAG Offering; 
 4.5.5 a process through which the Parties may obtain input from Regulatory
Authorities with respect to the design and success criteria of any clinical trials, including participation in the FDA’s Q-Submission Program; 

4.5.6 a mechanism designed to address concerns that either Party may have regarding (a) market confusion with respect to any Product and
any New Use Product or (b) coordination of activities related to the Product inside and outside the Territory; 
 4.5.7 scope and
timelines for the conduct of all trials (including non-clinical, if any, and clinical (including any post-marketing clinical and safety activities)) designed to support marketing approval for the Product for
the Field in the Territory; and 
 4.5.8 target schedules for achieving milestones so that the Pilot Study and Pivotal Study and any related
submissions to Regulatory Authorities (collectively, the “Initial Studies”) will be complete and submitted within [***] ([***]) months of the Effective Date, and any period of extension pursuant to Section 4.6 or
Section 4.9 (the “Initial Study Period”). 
 4.6 [Intentionally Omitted]. 

  
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 4.7 Credits. If the Initial Studies are not completed within the Initial Study
Period, then for each [***] after the Initial Study Period in which the Initial Studies are not completed, the Royalty Payments (as defined in Section 9.1.2) payable to TALi will be reduced by [***] Dollars ($[***]) (each an “Initial
Study Credit ). If the Royalty Payment accrued in a [***] after the Initial Study Period for which Akili is owed an Initial Study Credit equals less than $[***], then the Royalty Payment for the following [***] will be reduced by an amount (in
addition to any Initial Study Credit owed for such following [***]) equal to the positive difference (if any) between the Royalty Payment for that [***] and [***] Dollars ($[***]). 

4.8 Study Budget. The total budget for the Pilot Study and the Pivotal Study together will not exceed [***] Dollars ($[***])
(“Study Budget”). TALi may exceed the Study Budget, provided that TALi shall be responsible for all such excess costs and expenses. 

4.9 Study Results. TALi shall keep Akili appropriately and routinely informed regarding progress with respect to activities assigned to
TALi under the Study Plans, including all the study results and conclusions generated therefrom, and provide Akili access to all evidence generated from the performance of such activities. If TALi has a reason to expect that any of the timelines set
forth in the Study Plans will be materially delayed, it will promptly notify the Akili thereof providing reasonable specificity regarding the timeline that has or will be missed and the cause thereof, in which case the Parties (through a Working
Group) shall promptly meet and discuss how to address such matter and to agree any extension to the Initial Study Period. 
 4.10
Territory Research and Development Plans. If the milestones set forth in the Study Plans are achieved upon the completion of the Pilot Study and the Pivotal Study, the Parties may, through the JSC, establish further research and development
plans for the RAG Offering, for other Product Technology, and/or for other Products (the “Territory R&D Plans”). The Territory R&D Plans will be allocated between the parties based on capabilities and capacities. The Parties
will cooperate to update any Territory R&D Plans approved by the JSC at least [***] for review and approval of the JSC. 
 4.11
Research and Development Costs. Except as otherwise set forth in the Transaction Agreements or otherwise mutually agreed upon by the Parties, (a) each Party shall bear all costs (both internal and external) of carrying out the activities
assigned to it under the Study Plan or Territory R&D Plan; and (b) each Party shall bear all costs (both internal and external) necessary for its research and development activities for the Products in its respective territory. 

Article 5 
 DELIVERY,
SUPPORT AND DEVELOPMENT 
 5.1 Support and Development Agreement. The Parties will enter into an agreement, pursuant to which
TALi will upon agreed terms electronically deliver the Product to users, and provide and conduct general, support and development activities for the RAG Offering including providing customary maintenance, updates (including error corrections for
identified errors) and applying existing upgrades for the Products (“Support and Development Agreement”) and deliver Technologies (including applicable Product Technologies) in its control as necessary to enable Akili to fulfill its
obligations and exercise its rights under this Agreement and the Territory R&D Plans. The Parties will begin to discuss and negotiate the terms of the Support and Development Agreement promptly after the JSC determines, pursuant to
Section 4.3, that the results of the Pilot Study as described in the Pilot Study Report meet the success criteria described 

  
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in the Pilot Study Plan or otherwise determined by the JSC. The Parties will, unless otherwise agreed by the JSC, use best efforts to finalize and enter into the Support and Development Agreement
within [***] ([***]) days after the JSC approves the Pivotal Study Plan. As further described in the Support and Development Agreement, TALi will make regular updates to the commercially available versions of the Product and related software,
including making updates, upgrades, improvements, bug-fixes, patches, and otherwise maintaining and supporting the Product consistent with industry customs and standards and as necessary to support filing for,
obtaining and maintaining Marketing Approval(s) for the RAG Offering in the Field in the Territory. The Support and Development Agreement shall also include the following elements: 

5.1.1 TALi would install a backup version of the Product Software capable of electronically delivering the Product to users and provide access
to (a) analytical and other tools and data associated with the delivery of the Product Software and (b) other resources controlled by TALi expected to be necessary or customary to address issues related to the efficacy or safety of the
Product including foreseeable adverse events (the “Backup”) at a location controlled by Akili and provide reasonable training to the Akili technical personnel in the operation of the Backup; 

5.1.2 TALi would ensure the Backup is updated periodically to the then-most current version of the Product Software (but no less often than as
to be mutually agreed by the Parties and set forth in the Support and Development Agreement); 
 5.1.3 Akili would agree not to utilize the
Backup except for a period during which TALi does not or is unable to deliver the Product to users for agreed reasons (any, a “Non-Delivery Condition”), except if such Non-Delivery Condition persists for longer than a period intended to provide TALi reasonable opportunity to correct the Non-Delivery Condition, which will be mutually agreed
by the Parties and set forth in the Support and Development Agreement, then Akili’s right to utilize the Backup System shall become perpetual (the “Release Condition”); and 

5.1.4 Without limiting Section 5.1.3, in the event any Non-Delivery Condition and prior to the
occurrence of the Release Condition, the Parties agree to cooperate (using commercially reasonable efforts) to limit the duration and effects of such Non-Delivery Condition. 

5.2 New Features. The Support and Development Agreement will specify that, from time- to-time,
Akili may request that TALi develop and implement new features and functionality for the RAG Offering based on input from medical professionals, patients and other market participants (each, a “New Feature”). If TALi approves such
New Feature, such approval not to be unreasonably withheld, conditioned or delayed, then it will provide Akili with an estimate of the cost and timeline for the implementation of the New Feature (each a “Cost Estimate”). If Akili
approves a Cost Estimate, the Parties will amend the Support and Development Agreement to incorporate the implementation of the New Feature and such New Feature shall be part of the RAG Offering hereunder. The Parties intend that the Support and
Development Agreement will specify that with respect to a New Feature: (a) the Parties will share the costs of development and implementation on a prorated basis based on the agreed overall economic split between the Parties; or (b) Akili
will be responsible for the costs of implementation and receive enhanced economics until such time as it has recouped the investment and a reasonable rate of return. If TALi is unwilling to perform such development and implementation, then Akili
may, or engage a Third 

  
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Party to, develop and implement the New Feature and TALi will provide reasonable support to facilitate the same at Akili’s sole expense, in which case (b) above will apply. For the
avoidance of doubt, the costs referenced in this Section 5.2 do not include any costs relating to clinical or regulatory activities. 

5.3 Software Materials. As further described in the Support and Development Agreement, TALi will provide access to the Products and any
software and documentation necessary for Akili’s Commercialization of the Products for the purposes of this Agreement and any other Transaction Agreement (collectively, the “Product Software”) during the Term, and a non-exclusive license for the Term to use the Product Software to the extent necessary for the purpose of performing activities related to the Commercialization of the Products. The Product Software is licensed (as
part of the Product Technology) not sold. 
 5.4 Source Code Escrow. The Support and Development Agreement will include a requirement
for TALi to enter into a source code escrow arrangement with respect to the Product Software with a mutually agreed third-party source code escrow agent pursuant to the terms and conditions of a written escrow agreement (“Escrow
Agreement”) that includes the following terms: 
 5.4.1 Akili is the beneficiary of the source code escrow arrangement; 

5.4.2 TALi will deposit into escrow instructions, access credentials, descriptions, notations, passwords, programmer’s notes, and
documentation for the operation of the Product and Product Software and related source code, and any other items described in the Escrow Agreement necessary or otherwise customary for Akili to electronically deliver the Product to users and maintain
and upgrade the Product Software and otherwise fulfill its obligations with respect thereto under the Transaction Agreements in each not already delivered to Akili as part of the Backup (collectively, the “Escrow Materials”); 

5.4.3 TALi will make timely deposits of any material improvements to the Escrow Materials which may be made from time-to-time, and in no event less frequently than [***]; 
 5.4.4
the Escrow Agreement will include release of the Escrow Materials upon the occurrence of: (a) the Release Condition, (b) Akili’s termination of this Agreement pursuant to Section 13.3 or (c) Akili’s termination of this
Agreement pursuant to Section 13.5 (any of (a), (b) or (c), a “Release Event”); and 
 5.4.5 upon the occurrence of a
Release Event, TALi will grant Akili (pursuant to the Support and Development Agreement) a perpetual, irrevocable, transferrable, sublicensable (through multiple tiers), fully paid-up, royalty-free, worldwide
and unrestricted license under all of the Escrow Materials and the RAG Offering (including all intellectual property and other rights therein) to use, reproduce, create derivative works of and modify the Escrow Materials and the Backup in
furtherance of the exercise of the Akili Rights (which will survive in the case of the occurrence of a Release Event). 

  
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 5.5 Research and Development Agreements. The Support and Development Agreement will
also specify mechanisms (whether through the JSC or otherwise) to maintain coordination of all development activities of the Parties for Products in the Field and to address concerns that either Party may have that development activities within or
outside the Territory could adversely affect the Product in the other Party’s territory. 
 Article 6 

REGULATORY AND RELATED MATTERS 

6.1 Regulatory Matters. 

6.1.1 Responsibility for Initial Regulatory Filings. Except as otherwise expressly provided otherwise, each Party shall be responsible,
at its expense and subject to the oversight of the JSC, for filing, obtaining and maintaining those approvals from the FDA and other Regulatory Authorities (including Marketing Approvals) necessary for those activities assigned to such Party
hereunder in connection with the development, Supply and Commercialization for Products (including the RAG Offering) for the Field in the Territory. TALi shall have the right and responsibility for: (a) preparing, filing, defending, and
maintaining all regulatory filings necessary to conduct the Pilot Study and Pivotal Study; (b) preparing, filing, defending, and maintaining the applications with the applicable Regulatory Authorities for the initial Marketing Approval for the
RAG Offering for the Field in the Territory; and (c) maintaining with such applicable Regulatory Authorities any such Marketing Approval. 

6.1.2 Responsibility for Subsequent Regulatory Filings. Except as expressly provided otherwise, each Party shall be responsible, at its
expense and subject to the oversight of the JSC, for filing, obtaining and maintaining those approvals from the FDA and other Regulatory Authorities (including Marketing Approvals) necessary for those activities assigned to such Party hereunder in
connection with the development, Supply and Commercialization for Products (including the RAG Offering) for the Field in the Territory. 

6.1.3 Certain Rights of Akili. Without limiting the foregoing Sections 6.1.1 and 6.1.2, each Party (the “Filing
Party”) agrees that: (a) prior to lodging any filing for the RAG Offering or any Product for the Field in the Territory with a Regulatory Authority, the Filing Party shall provide a copy thereof (including any associated proposed
labeling) to the other party for its review, and the Filing Party will take into account the other Party’s reasonable comments; (b) the Filing Party will, where practicable, provide the other Party with prompt, prior written notice of any
meetings, calls, or virtual conferences with any Regulatory Authority regarding the RAG Offering or any Product; (c) where practicable, the other Party will have the right to attend or participate in any such meetings, calls, or conferences as
a guest or passive participant; and (d) the Filing Party will, where appropriate or unless otherwise requested by the other party, copy the other party, on any email or other written communications to any Regulatory Authority. At the request of
Akili, and notwithstanding Section 6.1.1 or any other provision herein to the contrary, TALi agrees to: (i) allow Akili to participate in preparation of and approve any final labeling of the RAG Offering for the Territory in the Field; and
(ii) assign any Marketing Approval (or associated MAA) for the RAG Offering for the Field in the Territory to Akili; after which, Akili shall be responsible for the prosecution and maintenance thereof; provided that TALi shall reasonably
assist, including by promptly providing Data (and other information) in its Control that Akili requests for such purposes. 

  
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 6.2 Reporting; Adverse Event. 

6.2.1 Safety Data Exchange Agreement. Prior to initiating any human clinical study hereunder, the Parties shall enter into a safety
data exchange agreement (the “SDE Agreement”) on reasonable and customary terms, including: (a) providing detail regarding the maintenance of core safety information and the exchange of safety data relating to Products
(including medical device reporting to the FDA for the RAG Offering); (b) providing for the active, systematic, scientifically valid collection, analysis, and interpretation of data or other information about the Products including safety signal
analysis and other post-marketing surveillance activities, and (c) ensuring compliance with the reporting requirements of all applicable Regulatory Authorities. 

6.2.2 Adverse Event Reporting. Each Party will be responsible for interacting with users of Product for which Commercialization
activities are conducted by or under its authority and promptly reporting all complaints and adverse events to the other Party and in all events sufficient in time to allow the other Party to meet its reporting requirements to any Regulatory
Authority, and as more particularly set out in the SDE Agreement. Each Party shall be responsible for the timely reporting of all adverse events, complaints and safety data relating to Products for the Field in the Territory to applicable Regulatory
Authorities in accordance with Applicable Law arising from activities of such Party hereunder, provided that each Party will provide the other as much advance notice of any such filing as practical consistent with its obligations under Applicable
Law. 
 Article 7 

COMMERCIALIZATION 
 7.1
General. Akili shall be exclusively responsible to Commercialize the Products in the Field in the Territory, at its expense, using commercially reasonable efforts. TALi will, subject to Applicable Law, share Data Controlled by TALi necessary
or appropriate for the purposes of enabling Akili to conduct medical affairs and similar activities in connection with the Commercialization of the Products. 

7.2 Akili obligations. In performing its obligations under this Agreement, Akili must: 

7.2.1 act in accordance with all Applicable Law and regulatory requirements; 

7.2.2 use reasonable skill care and diligence; 

7.2.3 act in good faith; and 

7.2.4 act in a manner that does not prejudice the reputation or goodwill of the Product or of TALi. 

7.3 Trademarks. 

  
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 7.3.1 Product Marks. Akili will be responsible for the selection, registration,
maintenance and defense of, and will solely own all right, title and interest in, all Trademarks (except the TALi Trademarks) for use in connection with the sale or marketing of the Products for the Field in the Territory (collectively, the
“Product Marks”), as well as all expenses associated therewith. Akili will provide the Product Marks to the JSC for discussion; provided that, without limiting Section 7.3.2 Akili will have final approval with respect to such
Product Marks. 
 7.3.2 License to TALi Trademarks. 

(a) TALi hereby grants to Akili a fully-paid license to use the TALi Trademarks for the Commercialization of the Product for the Field in the
Territory for the Term and for the goods and services in respect of which the TALi Trademarks are registered in accordance with this Agreement. Akili shall have the right to exercise such license through its Affiliates and authorized marketing
partners. TALi shall own all right, title and interest in and to the TALi Trademarks and the registrations thereof and all goodwill from the use of the TALi Trademarks shall vest in and inure to the benefit of TALi. 

(b) Akili must, and must ensure that its Affiliates and authorized marketing partners, at all times comply with any brand guidelines and
quality requirements notified to Akili by TALi from time to time, in each case with respect to the TALi Trademark. 
 (c) Akili must not
use any of the TALi Trademarks in any manner likely to deceive or cause confusion or jeopardise their distinctiveness and must not, without TALi’s consent, use or authorise the use of, or make or authorise any application to register, any trade
mark that is substantially identical with, or deceptively similar to, any of the TALi Trademarks on or in connection with any goods or services. 

(d) Akili must maintain reasonable records of its use of the TALi Trademarks, and provide examples of its use of the TALi Trademarks, and any
other material information concerning its use of the TALi Trademarks that TALi may reasonably require, to TALi upon reasonable request. 

7.4 Business Plans. Akili must, within [***] ([***]) days of TALi filing the initial MAA for the RAG Offering in the Territory, submit
to the JSC for discussion a [***] ([***])-year business plan for the Commercialization of the RAG Offering. The plan incorporating reasonable feedback from the JSC shall be a “Business Plan” for the purposes of this Agreement. Not
less than [***] ([***]) days prior to the expiration of the then-current Business Plan, Akili shall submit a draft business plan for the next [***] ([***]) years to the JSC for discussion in accordance with this Section 7.4. 

7.5 Reporting. Without limiting any other provisions of this Agreement, Akili shall keep TALi reasonably informed through the JSC as to
the progress of its activities with respect to the Commercialization of Product or otherwise under this Article 7. Akili shall: 
 7.5.1
immediately report to TALi the first commercial sale of the Product, and thereafter report its Net Sales to TALi on [***] basis; and 

7.5.2 provide such reports and information with respect thereto as designated by the JSC or as may be reasonably requested by the other Party.

  
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 Article 8 

DATA 
 8.1 Data Sharing
Agreement. The Parties will, subject to Applicable Law, share Data necessary or appropriate for the purposes of developing, training, and maintaining the Product on a confidential basis pursuant to the terms and conditions of a data license
agreement (“Data Sharing Agreement”). 
 8.2 Data Rights. The Data Sharing Agreement will specify that each Party
will have: (a) access to, and the right to use all deidentified clinical data developed by the other Party in connection with the Support and Development Agreement or with the Study Plans, (b) have access to, and right to reference, all
Regulatory Materials for Products for purposes of the collaboration as to be set forth in more detail in the Transaction Agreements, and (c) the right to receive copies of, and comment on, all material regulatory correspondence with such
authorities. 
 8.3 Initial Data Sharing. Promptly after the Effective Date, TALi will, subject to Applicable Law and Sections 8.4
and 8.5, deliver to Akili all pre-existing clinical data related to the RAG Offering solely for the purposes of enabling the Parties to carry out the clinical study evaluation activities detailed in Article 4,
provided that nothing in this Agreement will require the disclosure of personally identifiable patient data that is held or owned by TALi’s originating research institution or that TALi is not permitted by Applicable Law to share. The
Parties will coordinate in good faith and in compliance with Applicable Law regarding the manner in which such pre-existing clinical data is shared, used, and stored. Akili acknowledges that it will not, and
will not authorise any Affiliate or permitted Third Party to, use this data for any purpose other than the performance of its obligations under this Agreement or as otherwise agreed with TALi, and that such data shall be treated as Confidential
Information. 
 8.4 Personally Identifiable Information. The Data Sharing Agreement will include a requirement that the Parties will
only share personally identifiable information as permitted by Applicable Law and in a manner and format intended to minimize the possibility of any inadvertent transfer pursuant to the requirements set forth in the Data Sharing Agreement. Each
Party will use best efforts to obtain all permissions and consents necessary under Applicable Law to collect and share personally identifiable information with the other Party for purposes of performing its obligations and exercising its rights
under the Transaction Agreements. Akili acknowledges and agrees that TALi has, prior to the Effective Date, collected personally identifiable information which it is not entitled to share with Akili and TALi will not share such information with
Akili. 
 8.5 TALi Obligations. TALi will have access to personally identifiable information in connection with the development,
delivery, hosting and maintenance of the Product. As may be further set forth in the Data Sharing Agreement, TALi: (a) will keep all personally identifiable information strictly confidential and secure, and not disclose any personally
identifiable information to Third Parties other than as required by Applicable Law or a court order, and (b) will only use personally identifiable information collected in connection with the development, delivery, hosting and maintenance of
the Product in accordance with Akili’s then-current privacy policies and notices (prepared taking into consideration input from the JSC) and all Applicable Law. 

  
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 Article 9 

PAYMENTS 
 9.1 Milestone
Payments. 
 9.1.1 Milestones. Akili shall pay to TALi the milestone payment amounts set forth in the tables in Exhibit
9.1.1 (each, a “Milestone Payment”) upon the achievement of the corresponding milestone event for the RAG Offering (each, a “Milestone Event”). 

9.1.2 Royalties. Akili shall pay to TALi the royalty amounts (each, a “Royalty Payment”) set forth in the table in
Exhibit 9.1.2. 
 9.1.3 Payment Terms. The Milestone Payments and Royalty Payments shall each be due and payable to TALi as
set forth in the tables in Exhibit 9.1.1 and Exhibit 9.1.2, respectively. 
 9.2 Reimbursement of Clinical Study Costs.
Akili shall reimburse TALi for undisputed Clinical Costs within [***] ([***]) days of the date of Akili’s receipt of the invoice from TALi (together with supporting documentation). 

9.3 Payment Method. All payments under this Agreement to TALi shall be made by bank wire or ACH transfer in immediately available funds
to an account designated by TALi. All payments hereunder shall be made in Dollars. Except as otherwise provided herein, all payments due to TALi under this Agreement shall be due and payable within [***] ([***]) days of the date of Akili’s
receipt of the invoice from TALi. 
 9.4 Inspection of Records. Each Party shall, and shall cause its Affiliates to, keep full and
accurate books and records of amounts payable hereunder. Each Party shall permit the other Party, by independent qualified public accountants engaged by the other Party and to which the first Party has no reasonable objection, to examine such books
and records at any reasonable time on reasonable prior notice, but not later than [***] ([***]) years following the rendering of any corresponding reports, accountings and payments hereunder. TALi’s right of review may be exercised only [***]
during each year, unless there is a reasonable basis for exercise of such right of review more frequently. Akili’s right of review may be exercised only with respect to the Initial Study Period. Such accountants may be required by the audited
Party to enter into a reasonably acceptable confidentiality agreement that is subject to the audited Party’s prior approval. 
 9.5
Late Payment. Any payments or portions thereof due hereunder which are not paid when due shall bear interest equal to the lesser of (a) the rate equal to the [***] Dollar secured overnight financing rate (SOFR) effective for the date
that payment was due, as published by The Wall Street Journal on its website at www.wsj.com (U.S. Internet edition) on the date such payment was due, plus an additional [***] basis points, or (b) the maximum rate permitted by Applicable
Law, calculated on the number of days such payment is delinquent. This Section 9.5 shall in no way limit any other remedies available hereunder. 

  
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 Article 10 

INTELLECTUAL PROPERTY OWNERSHIP AND PROSECUTION 

10.1 Ownership. Ownership of all Technology and corresponding Patents shall be as set forth in this Article 10. Determination of
inventorship of Technology shall be made in accordance with laws of the United States. Each Party and its Affiliates will continue to own any Technology (and corresponding Patents) that they owned prior to the Effective Date or generate or obtain
outside the scope of this Agreement, or which it licenses to the other Party under this Agreement. Except as otherwise provided in the foregoing sentences or Section 10.3: (i) Agreement Technology that is, as between the Parties and their
respective Affiliates, generated solely by TALi or its Affiliates (or a Third Party acting on their behalf), together with all corresponding Patents, shall be owned solely by TALi or its Affiliates; (ii) Agreement Technology that is, as between
the Parties, generated solely by Akili or its Affiliates (or a Third Party acting on their behalf), together with all corresponding Patents, shall be owned solely by Akili. 

10.2 Joint Technology. Agreement Technology that is, as between the Parties and their respective Affiliates, developed by Akili or one
or more of its Affiliates (or a Third Party acting on their behalf), on the one hand, and TALi or one or more of its Affiliates (or a Third Party acting on their behalf), on the other hand (“Joint Technology”), together with all
corresponding Patents (“Joint Patents”), shall be owned jointly by the Parties, and each Party hereby assigns and agrees to assign to the other Party an equal, undivided joint ownership interest in and to all of such assigning
Party’s and its Affiliates’ right, title and interest in and to such Joint Technology, together with all Joint Patents. Subject to the express licenses and rights granted to the other Party, each Party has the right to grant licenses under
such Joint Technology (and the Joint Patents claiming Joint Technology) to any Third Party without the consent of, or accounting to, the other Party. Without limiting the foregoing, if the Parties anticipate developing Joint Technology, then the
Parties shall use their best endeavors to agree: (i) the scope of the development; (ii) any pre-existing intellectual property rights that will be used in the development of the Joint Technology;
(iii) the budget for the development activities; (iv) the lead developer; and (v) any governance procedures applicable to the development activity. 

10.3 Improvements. Notwithstanding anything to the contrary in this Article 10, as between the Parties and their respective Affiliates,
(a) TALi shall own all TALi Improvements and (b) Akili shall own all Akili Improvements. Akili hereby assigns and agrees to assign to TALi, in its entirety, all of Akili’s and its Affiliates’ right, title and interest in and to
all TALi Improvements. TALi Improvements shall be considered to be owned by TALi upon its development and included within the Product Technology. Correspondingly, TALi hereby assigns and agrees to assign to Akili, in its entirety, all of TALi’s
and its Affiliates’ right, title and interest in and to all Akili Improvements. Subject to the terms and conditions of this Agreement, Akili hereby grants to TALi a non-exclusive license under any Akili
Contributed Technology (and associated Patents) to, during the Term, conduct any activities and perform any obligations assigned to TALi under this Agreement and the other Transaction Agreements, including conducting regulatory activities in support
of TALi’s activities described in Section 3.2(a) in accordance with Article 6. 
 10.4 Ownership of Certain Agreement
Technology. Notwithstanding the foregoing, a Party may agree in writing to assign ownership of certain Agreement Technology owned or controlled by that Party (including Akili Improvements or TALi Improvements) to the other Party on a case-by-case basis. 

  
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 10.5 Patent Prosecution. 

10.5.1 Prosecution by TALi. Subject to Section 10.5.2, TALi (or its designee) shall control the Prosecution and Maintenance of
Product Patents. 
 10.5.2 Back-Up Rights for Akili. In the event TALi determines to abandon
any Product Patent or Joint Patent in the Territory, TALi shall provide Akili with prompt written notice (in at least [***] ([***]) days prior to the date such abandonment would become effective), and Akili shall have the right, at its option, to
assume control of the Prosecution and Maintenance of such Patent at its own expense in TALi’s name at its own cost. 
 10.5.3
Cooperation. With respect to any Product Patent or Joint Patents, TALi shall (a) consult with Akili and keep Akili reasonably informed on such activities (including notifying Akili of all material developments with respect to such
activities in the Territory in a timely manner and providing Akili copies of all material documents received and filed in connection with the Prosecution and Maintenance of such Patent), and (b) provide Akili an opportunity to review and
comment on material submissions and correspondence with any patent office and shall in good faith, take into consideration Akili’s input with respect thereto. 

10.6 Patent Enforcement. 

10.6.1 Notice. Subject to the provisions of Section 10.5.3, in the event that either Party reasonably believes that any Product
Patent or Joint Patent is being infringed by a Third Party or is subject to a declaratory judgment or similar action arising from such infringement (any, an “Infringement”), such Party shall promptly notify the other Party. 

10.6.2 Product Enforcement Actions. In the case of an Infringement, the Parties shall promptly confer and determine based on the
relevant facts and circumstances (including available damages and harm to the applicable Party’s business) which Party will, or whether they will jointly initiate and control at its expense (or if joint, their joint expense) any enforcement
action with respect any infringement of any Product Patent or Joint Patent or to defend any declaratory judgment or similar action with respect to any Product Patent or Joint Patent in the Territory (each, an “Enforcement Action”),
provided that the other Party, at its option, shall have the right, within [***] ([***]) days after commencement of an Enforcement Action, to participate at its own expense. 

10.6.3 Actions by Akili. The Party controlling an Enforcement Action agrees that it will: 

(a) consult with the other Party and keep the other Party fully informed of the status and progress of such proceedings; 

(b) not make any admissions in relation to the Product Technology that may be adverse to the Product Technology or the Patents without the
prior written consent of the other Party; and 

  
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 (c) not settle or compromise any such Enforcement Action without the prior written approval
of the other Party, who may at any stage reassume control of the Enforcement Action at its own expense. 
 10.6.4 Recoveries. Any
recovery received as a result of any Enforcement Action to enforce any Product Patent or Joint Patent pursuant to this Section 10.6 shall be used first to reimburse each Party for the costs and expenses (including court, attorneys’ and
professional fees) incurred in connection with such Enforcement Action, and the remainder of the recovery shall be treated as Net Sales if Akili is the enforcing Party, or [***] to the benefit of TALi if TALi is the enforcing Party. 

Article 11 

CONFIDENTIALITY 
 11.1
Confidentiality; Exceptions. Except to the extent expressly authorized by this Agreement or otherwise agreed by the Parties in writing, the Parties agree that the receiving Party shall keep confidential and shall not publish or otherwise
disclose or use for any purpose other than as provided for in this Agreement any confidential or proprietary information or materials furnished to it by the other Party pursuant to this Agreement (collectively, “Confidential
Information”). Notwithstanding the foregoing, Confidential Information shall not be deemed to include information or materials to the extent that it can be established by written documentation by the receiving Party that such information or
material: 
 11.1.1 was already known to or possessed by the receiving Party without any obligation of confidentiality, at the time of its
disclosure to the receiving Party hereunder; 
 11.1.2 was generally available to the public or otherwise part of the public domain at the
time of its disclosure to the receiving Party hereunder; 
 11.1.3 became generally available to the public or otherwise part of the public
domain after its disclosure hereunder other than through any act or omission of the receiving Party in breach of this Agreement; 
 11.1.4
was independently developed by the receiving Party without use of or reference to the other Party’s Confidential Information as demonstrated by documented evidence prepared by the receiving Party contemporaneously with such independent
development; or 
 11.1.5 was disclosed to the receiving Party, other than under an obligation of confidentiality, by a Third Party who had
no obligation to the disclosing Party not to disclose such information to others. 
 11.2 Authorized Use and Disclosure. Subject to
Section 11.3, each Party may disclose Confidential Information of the other Party to the extent such disclosure is reasonably necessary in the following situations: 

11.2.1 Prosecuting and Maintaining Patents in accordance with Section 10; 

  
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 11.2.2 complying with the requirement of Regulatory Authorities with respect to filing for,
obtaining and maintaining Marketing Approvals for the Product in accordance with this Agreement (including conducting development of the Product); 

11.2.3 prosecuting or defending litigation as contemplated by, or arising out of, this Agreement; 

11.2.4 complying with Applicable Laws and regulations promulgated by security exchanges, court order or administrative subpoenas or orders or
otherwise submitting information to tax or other governmental authorities; and 
 11.2.5 disclosure to its or its Affiliates’
employees, consultants and professional advisors (including financial advisors, lawyers and accountants) on a need to know basis, for the sole purpose of performing its or its Affiliates’ obligations or exercising its or its Affiliates’
rights under this Agreement, provided that in each case the recipient of such Confidential Information is bound by written obligations of confidentiality and non-use at least as equivalent in scope as
those set forth in this Article 11 prior to any such disclosure; and 
 11.2.6 disclosure to existing and potential merger partners,
investors, acquirers or licensees, including their respective consultants and professional advisors (including financial advisors, lawyers and accounts), solely on a
need-to-know basis and as necessary in order to evaluate an actual or potential investment, acquisition or business transactions; and provided that in connection
with such disclosure, the disclosing Party shall inform each disclosee of the confidential nature of such information and cause each disclosee to treat such information as confidential consistent with the nature of the Confidential Information so
disclosed. 
 11.3 Product Technology. Akili may disclose TALi Confidential Information comprising (whether in whole or in part)
Product Technology only: 
 11.3.1 to its or its Affiliates’ employees and others on a need to know basis, for the sole purpose of
performing its or its Affiliates’ obligations or exercising its or its Affiliates’ rights under this Agreement, provided that in each case the recipient of such Confidential Information is bound by written obligations of
confidentiality and non-use at least as equivalent in scope as those set forth in this Article 11 prior to any such disclosure; or 

11.3.2 with the prior written consent of TALi. 

11.4 If a Party is required by law or a Regulatory Authority to disclose information it is required to keep confidential under Section 11
it must: 
 11.4.1 as far as lawful and practicable, inform the other Party of the required disclosure and consult with them regarding the
form of the proposed disclosure; and 
 11.4.2 where it is not lawful or practicable to consult with the other Party before making a
disclosure, limit the disclosure to the minimum information required to comply with the law or Regulatory Authority. 

  
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 11.5 Scientific Publications. Each Party shall submit to the other Party any proposed
publication or public disclosure containing clinical or scientific results relating to the Product at least [***] ([***]) days in advance to allow that Party to review such proposed publication or disclosure. The reviewing Party shall notify the
requesting Party in writing during such [***] ([***])-day reviewing period if the reviewing Party wishes to remove its Confidential Information from such proposed publication or presentation, in which
event the reviewing Party shall remove such Confidential Information from its proposed publication or presentation. For clarity, if the reviewing Party fails to notify the requesting Party during the [***]
([***])-day reviewing period as provided under this Section 11.5, the requesting Party shall be free to proceed with the proposed publication or presentation. 

11.6 Confidential Terms. Each of the Parties agrees not to disclose to any Third Party the existence of this Agreement or the terms and
conditions of this Agreement without the prior approval of the other Party, except to consultants, advisors, and existing and potential merger partners, investors, acquirers or licensees, (including their respective consultants, financial advisors,
lawyers and accountants) and others on a need to know basis, in each case under circumstances that reasonably protect the confidentiality thereof, or to the extent necessary to comply with the terms of agreements with Third Parties, or to the extent
required by Applicable Law, including securities laws. At no time will either Party issue any press release or make any public announcements relating in anyway whatsoever to this Agreement or the relationship established by this Agreement without
the express prior written consent of the other Party, except to the extent required by Applicable Law, including securities laws. If either Party is required to publicly disclose the existence of this Agreement or the terms and conditions of this
Agreement, then the disclosing Party will provide the other Party with reasonable prior notice of such disclosure. 
 Article 12 

REPRESENTATIONS AND WARRANTIES; INDEMNIFICATION 

12.1 Akili Representations and Warranties. Akili represents and warrants to TALi that the following are true and accurate as of the
Effective Date: 
 12.1.1 it is duly organized and validly existing under the Applicable Law of the jurisdiction of its incorporation, and
has full corporate power and authority to enter into this Agreement and to carry out the provisions hereof; 
 12.1.2 it is duly authorized
to execute and deliver this Agreement and to perform its obligations hereunder, and the individual executing this Agreement on its behalf has been duly authorized to do so by all requisite corporate action; 

12.1.3 this Agreement is legally binding upon it and enforceable in accordance with its terms and the execution, delivery and performance of
this Agreement by it does not conflict with any agreement, instrument or understanding, oral or written, to which it is a party or by which it may be bound, nor violate any material Applicable Law; 

12.1.4 it has not granted and will not grant any rights to any Third Party that conflict with the rights or licenses granted to TALi
hereunder; and 

  
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 12.1.5 to its knowledge there is no action, suit or inquiry or investigation instituted by
any Person which questions or threatens the validity of this Agreement. 
 12.2 TALi’s Warranties. TALi represents, warrants,
and covenants to Akili that, the following are true and accurate as of the Effective Date: 
 12.2.1 it is duly organized and validly
existing under the Applicable Law of the jurisdiction of its incorporation, and has full corporate power and authority to enter into this Agreement and to carry out the provisions hereof; 

12.2.2 it is duly authorized to execute and deliver this Agreement and to perform its obligations hereunder, and the person executing this
Agreement on its behalf has been duly authorized to do so by all requisite corporate action; 
 12.2.3 this Agreement is legally binding
upon it and enforceable in accordance with its terms and the execution, delivery and performance of this Agreement by it does not and will not conflict with any agreement, instrument or understanding, oral or written, to which it is a party or by
which it may be bound, nor violate any material Applicable Law; 
 12.2.4 it has not granted and will not grant any rights to any Third
Party that conflict with the rights or licenses granted to Akili hereunder; 
 12.2.5 to its knowledge there is no action, suit or inquiry
or investigation instituted by any Person which questions or threatens the validity of this Agreement; 
 12.2.6 it owns and will maintain
all right, title and interest in or licenses to each of the Product Patents and of the related Know-How including the Patents to allow TALi to grant to Akili the rights contemplated herein; 

12.2.7 it has not received any written notice of any threatened claims of litigation seeking to invalidate or otherwise challenge the Product
Patents or its rights therein; 
 12.2.8 to its knowledge, there is no actual, pending, alleged or threatened (in writing) infringement,
misappropriation or other unauthorized use by a Third Party of the Product Patents or related Know-How; 

12.2.9 it has not received any formal or informal notice (in writing) of any claim that making, using, selling or importing (or having a Third
Party conduct those activities) the Product infringes, misappropriates or otherwise uses without authorization any intellectual property right, including Patents, of any Third Party and, to the knowledge of TALi, there is no basis for any such
claim; and 
 12.2.10 all registrations for Product Patents in the Territory are in force, all applications to register Product Patents are
pending and all associated fees therefor are current. 

  
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 12.3 Disclaimer of Warranties. EXCEPT AS SET FORTH IN THIS ARTICLE 12 AND THE EXPRESS
WARRANTIES OF ANY OTHER TRANSACTION AGREEMENT (ONCE EXECUTED), TALI AND AKILI EXPRESSLY DISCLAIM ANY WARRANTIES OR CONDITIONS, EXPRESS, IMPLIED, STATUTORY OR OTHERWISE, WITH RESPECT TO THE SUBJECT MATTER OF THIS AGREEMENT (INCLUDING THE PRODUCTS),
INCLUDING ANY WARRANTY OF MERCHANTABILITY, NONINFRINGEMENT, OR FITNESS FOR A PARTICULAR PURPOSE. 
 12.4 Indemnification. 

12.4.1 Indemnification by TALi. TALi hereby agrees to defend, hold harmless and indemnify (collectively, “Indemnify”)
Akili and its Affiliates, and its and their agents, directors, officers and employees (the “Akili Indemnitees”) from and against any liability or expense (including reasonable legal expenses and attorneys’ fees) (collectively,
“Losses”) resulting from suits, claims, actions and demands, in each case brought by a Third Party (each, a “Third-Party Claim”) against any Akili Indemnitee arising out of (a) allegations that the Product
Technology infringes intellectual property rights of a Third Party, (b) TALi’s or its agent’s failure to comply with Applicable Law; (c) a breach of Article 11 (Confidentiality), or (d) TALi’s or its agent’s
willful misconduct or any fraud or grossly negligent act or omission by TALi or its agent. TALi’s obligation to Indemnify the Akili Indemnitees pursuant to this Section 12.4.1 shall not apply to the extent that any such Losses
(i) arise from the gross negligence or intentional misconduct of any Akili Indemnitee; (ii) arise from any breach by Akili of this Agreement or any other Transaction Agreement; or (iii) are Losses for which Akili is obligated to
Indemnify TALi Indemnitees pursuant to Section 12.4.2. 
 12.4.2 Indemnification by Akili. Akili hereby agrees to Indemnify TALi
and its Affiliates, and its and their agents, directors, officers and employees (the “TALi Indemnitees”) from and against any and all Losses resulting from Third-Party Claims arising out of (a) Akili’s use of Product
Technology in breach of the terms of this Agreement or any other Transaction Agreement; (b) Akili’s or its agent’s failure to comply with Applicable Law; (c) a breach of Article 11 (Confidentiality); or (d) Akili’s
or its agent’s willful misconduct or any fraud or grossly negligent act or omission by Akili or its agent. Akili’s obligation to Indemnify TALi Indemnitees pursuant to the foregoing sentence shall not apply to the extent that any such
Losses (i) arise from the gross negligence or intentional misconduct of any TALi Indemnitee; (ii) arise from any breach by TALi of this Agreement or any other Transaction Agreement; or (iii) are Losses for which TALi is obligated to
Indemnify the Akili Indemnitees pursuant to Section 12.4.1. 
 12.4.3 Procedure. To be eligible to be Indemnified hereunder, the
indemnified Party shall provide the indemnifying Party with prompt notice of the Third-Party Claim giving rise to the indemnification obligation pursuant to this Section 12.4 and the exclusive ability to defend (with the reasonable cooperation
of the indemnified Party) or settle any such claim; provided, however, that the indemnifying Party shall not enter into any settlement that admits fault, wrongdoing or damages without the indemnified Party’s written consent, such consent
not to be unreasonably withheld, conditioned or delayed. The indemnified Party shall have the right to participate, at its own expense and with counsel of its choice, in the defense of any claim or suit that has been assumed by the indemnifying
Party, provided that the indemnifying Party shall have no obligations with respect to any Losses resulting from the indemnified Party’s admission, settlement or other communication without the prior written consent of the indemnifying
Party. 

  
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 12.5 Exclusion of Liability. EXCEPT WITH RESPECT TO LIABILITY ARISING FROM A
PARTY’S INDEMNIFICATION OBLIGATIONS UNDER SECTION 12.4; NEITHER PARTY SHALL BE LIABLE TO THE OTHER FOR ANY SPECIAL, CONSEQUENTIAL, INCIDENTAL, PUNITIVE, OR INDIRECT DAMAGES ARISING FROM OR RELATING TO THIS AGREEMENT, REGARDLESS OF ANY NOTICE OF
THE POSSIBILITY OF SUCH DAMAGES. 
 12.6 Limitation of Liability. EXCEPT WITH RESPECT TO LIABILITY ARISING FROM A PARTY’S
INDEMNIFICATION OBLIGATIONS UNDER SECTION 12.4; EACH PARTY’S AGGREGATE LIABILITY UNDER THIS AGREEMENT FOR ANY AND ALL DAMAGES, WHETHER OR NOT FORESEEABLE, SHALL BE LIMITED TO [***] US DOLLARS (USD[***]). 

Article 13 
 TERM AND
TERMINATION 
 13.1 Term. This Agreement shall become effective as of the Effective Date until terminated in accordance with this
Article 13 (the “Term”). 
 13.2 Termination for Convenience. Akili shall have the right to terminate this Agreement
in its entirety without cause: (a) upon notice to TALi after the completion of the Pilot Study; or (b) upon notice to TALi within sixty (60) days after Marketing Approval for the RAG Offering in the Territory. 

13.3 Termination for Breach. Either Party may terminate this Agreement by written notice to the other Party: 

13.3.1 if the other Party (the “Breaching Party”) is in material breach of any material obligation under this Agreement,
provided that the non-Breaching Party gives written notice to the Breaching Party specifying the claimed particulars of such breach and such material breach is not cured within [***] ([***]) days after the
breaching Party’s receipt of such notice or, if such breach is capable of being cured but cannot be cured within such [***] ([***])-day period and the Breaching Party initiates actions to cure such breach
within such period and thereafter diligently pursues such actions, the Breaching Party shall have such additional period as is reasonable in the circumstances to cure such breach. In the event that dispute resolution procedures have commenced in
accordance with Article 14 with respect to any alleged breach hereunder, no purported termination of this Agreement pursuant to this Section 13.3 shall take effect until the resolution of such procedure; or 

13.3.2 with immediate effect if the other Party is in material breach of any material obligation under this Agreement that is not capable of
cure. 
 13.4 Termination by TALi. TALi may terminate this Agreement by written notice to Akili referencing this Section 13.4 if
the cumulative Net Sales of Akili at the third anniversary of the first commercial sale of the Product are One Million US Dollars ($1,000,000) or less unless Akili pays TALi within [***] days of such notice an amount equal to the difference that
would have been payable had such Net Sales threshold been met and the amounts actually paid by Akili under Section 9.1.2. 

  
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 13.5 Termination for Insolvency. Each Party shall have the right to terminate this
Agreement upon delivery of written notice to the other Party in the event that (each of the following, an “Insolvency Event”) (a) such other Party files in any court or agency pursuant to any statute or regulation of any
jurisdiction a petition in bankruptcy or insolvency or for reorganization or similar arrangement for the benefit of creditors or for the appointment of a receiver or trustee of such other Party or its assets, (b) such other Party is served with
an involuntary petition against it in any insolvency proceeding and such involuntary petition has not been stayed or dismissed within [***] ([***]) days of its filing, or (c) such other Party makes an assignment of substantially all of its
assets for the benefit of its creditors. 
 13.6 Consequences of Expiration or Termination. Following expiration or termination of
this Agreement: 
 13.6.1 Except in the case of a Release Event, Akili must (a) assign any Marketing Approval (or associated MAA) for
the RAG Offering for the Field in the Territory to TALi (or its nominee) and (b) cease use of the Product Technology; 
 13.6.2 Akili
must pay to TALi any outstanding amounts that are due to TALi in accordance with Section 9.3; and 
 13.6.3 each Party must return to
(or at the request or with the consent of the other Party, destroy) all documents and copies of documents containing or evidencing Confidential Information or details of any Product Technology, except that each Party may retain and use the same to
the extent reasonably necessary to exercise any retained or surviving rights (including in the case of a Release Event, the license to be granted to Akili in accordance with Section 5.4.5). 

13.7 Other General Effects of Expiration or Termination. 

13.7.1 Accrued Obligations. Expiration or termination of this Agreement for any reason shall not release either Party of any obligation
or liability which, at the time of such expiration or termination, has already accrued to the other Party or which is attributable to a period prior to such expiration or termination. 

13.7.2 Non-Exclusive Remedy. Notwithstanding anything herein to the contrary, termination of
this Agreement by a Party shall be without prejudice to other remedies such Party may have at law or equity. 
 13.7.3
Cross-Termination. Except as may be expressly provided in any other Transaction Agreement, upon the effective date of termination of this Agreement, each other Transaction Agreement shall terminate, subject to the survival of provisions of
such Transaction Agreements indicated in such Transaction Agreement to survive. 
 13.7.4 General Survival. The following shall
survive expiration or termination of this Agreement for any reason: Article 1, Article 11, Article 14, and Article 15 (excluding Section 15.3) and Sections 5.4.4 (only in the case of the occurrence of a Release Event until the Escrow Materials
have been delivered to Akili), 5.4.5 (only in the case of the occurrence of a Release Event), 6.2.2 (only in the case of the occurrence of a Release Event), 8.5 (with respect to personally identifiable information collected under any Transaction
Agreement), 10.1 through 

  
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10.4 (inclusive), [Section [__].] through [Section [__].] (inclusive) (only in the case of enforcement actions brought prior to the expiration or termination of this Agreement);
12.3 through 12.6 (inclusive), 13.6 and 13.7. Except as otherwise provided in this Article 13, all rights and obligations of the Parties under this Agreement shall terminate upon expiration or termination of this Agreement for any reason. 

Article 14 
 DISPUTE
RESOLUTION 
 14.1 Dispute Resolution. The Parties agree that any dispute arising with respect to the interpretation,
enforcement, termination or invalidity of this Agreement, or the failure of the JSC or any Working Group to reach unanimous agreement on any issue within its respective authority under this Agreement, any alleged failure to perform, or breach of,
this Agreement, or any issue relating to the interpretation or application of this Agreement (each, a “Dispute”), shall be resolved through the procedures set forth in this Article 14. 

14.2 Committee Disputes. Disputes as to matters within the authority of the JSC or any Working Group will be resolved as set forth in
Section 2.5; provided that any dispute as to the application of such Section 2.5 shall be subject to the provisions of this Article 14. 

14.3 Other Disputes. All Disputes other than those Disputes resolved as described in Section 14.2 (each, an “Other
Dispute”) shall be subject to escalation in accordance with this Section 14.3. 
 14.3.1 Initial Escalation. With
respect to all Other Disputes, if the Parties are unable to resolve any such Other Dispute within [***] ([***]) days after such Other Dispute is first identified by either Party in writing to the other, either Party shall have the right to refer
such Other Dispute to the Senior Executives for attempted resolution by written notice to the other Party referencing the particular Other Dispute and this Section 14.3.1. In such case, the Senior Executives shall conduct good faith
negotiations and seek to resolve the Other Dispute within [***] ([***]) days after such notice is received, including having at least one (1) in-person or virtual meeting of the Senior Executive within
[***] ([***]) days after such notice is received. If the Senior Executives resolve such Other Dispute, a memorandum setting forth their agreement to resolve the Other Dispute will be prepared and signed by both Parties if requested by either Party.
In all events, the Parties shall cooperate in an effort to limit the issues for consideration in such manner as narrowly as reasonably practicable in order to resolve the Other Dispute. 

14.4 Interim Relief. Notwithstanding anything in this Article 14 to the contrary, Akili and TALi shall each have the right to apply to
any court of competent jurisdiction for appropriate interim or provisional relief, as necessary to protect the rights or property of that Party, pending the selection of any arbitrator or determination of the merits of any Dispute. 

  
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 Article 15 

MISCELLANEOUS 
 15.1
Governing Law. This Agreement and any dispute arising from the performance or breach hereof shall be governed by and construed and enforced in accordance with the laws of the State of New York, without reference to conflicts of laws
principles. Any dispute, controversy or claim relating to the ownership, scope, validity, enforceability or infringement of any Product Patent or of any TALi Trademark shall be submitted to a court of competent jurisdiction in which such Patent or
Trademark rights were granted or arose, otherwise the courts of New York shall have non-exclusive jurisdiction. 

15.2 Assignment. This Agreement shall not be assignable by either Party to any Third Party without the written consent of the other
Party and any such attempted assignment shall be void. Notwithstanding the foregoing, either Party may assign this Agreement, without the written consent of the other Party, (a) to an Affiliate of such Party (in whole or in part), provided that
such Party shall remain responsible for such Affiliate’s conduct or (b) to an entity that acquires all or substantially all of the stock, business or assets of such Party (whether by merger, reorganization, acquisition, sale, operation of
law or otherwise), and agrees in writing to be bound by the terms and conditions of this Agreement. No assignment or transfer of this Agreement shall be valid and effective unless and until the assignee/transferee of such business or assets agrees
in writing to be bound by the provisions of this Agreement. The terms and conditions of this Agreement shall be binding on and inure to the benefit of the permitted successors and assigns of the Parties. Except as expressly provided in this
Section 15.2, any attempted assignment or transfer of this Agreement shall be null and void. 
 15.3 Insurance. During the Term,
each Party will maintain insurance at a level appropriate to its obligations under this Agreement. 
 15.4 Consequences of
Bankruptcy. The Parties acknowledge and agree that all rights and licenses now or hereafter granted under or pursuant to any Section of this Agreement are rights to “intellectual property” as defined in Section 101(35A) of Title
11 of the United States Code. Each Party may elect to retain and may fully exercise all of its rights and elections under Section 365(n) of Title 11 of the United States Code. The Parties acknowledge that to the extent that bankruptcy or
reorganization laws outside of the United States apply to the subject matter hereunder that the intent of the Parties is that the outcome of the application of such laws would to the extent Applicable Law allows provide for similar results as if the
United States bankruptcy laws applied. 
 15.5 Notices. Any notice, request, delivery, approval or consent required or permitted to
be given under this Agreement shall be in writing and shall be deemed to have been sufficiently given if delivered in person, transmitted by email (receipt verified) or by express courier service (signature required) or [***] ([***]) days after it
was sent by registered letter, return receipt requested (or its equivalent), provided that no postal strike or other disruption is then in effect or comes into effect within [***] ([***]) days after such mailing, to the Party to which it is directed
at its address shown below or such other address as such Party will have last given by notice to the other Party. 
 15.5.1 In relation to
notices by email: (i) the email must be in a form which identifies the sender and must clearly indicates the subject matter of the notice in the email and referencing the Agreement and any applicable Sections; and (ii) the notice will be
received at the earlier of (a) the time the email was delivered to the recipient’s email server or the recipient read the email, as stated in an automated message received by the sender; or (b) one hour after the email was sent (as
recorded on the device from which it was sent), unless within [***] of sending the email the sender receives an automated message that it was not delivered or that the recipient is unavailable. 

  
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	If to Akili, addressed to:	  	Akili Interactive Labs, Inc.
		  	125 Broad Street, 5th Floor
		  	Boston, MA 02110
		  	United States
		  	Attention: Legal Department
		  	Email: [***]
		
	With a copy to:	  	Wilson Sonsini Goodrich & Rosati
		  	Professional Corporation
		  	650 Page Mill Road
		  	Palo Alto, CA 94304-1050
		  	United States
		  	Attention: [***]
		  	Email: [***]
		  	Telephone: [***]
		  	Facsimile: [***]
		
	If to TALi, addressed to:	  	TALi Digital Limited
		  	Level 5, 19 William Street
		  	Cremorne, Victoria 3121
		  	Australia
		  	Attention: [***]
		  	Email: [***]
		  	Telephone: [***]
		
	With a copy to:	  	Baker & McKenzie
		  	Level 19, CBW, 181 William Street
		  	Melbourne, Victoria 3000
		  	Australia
		  	Attention: [***]
		  	Email: [***]
		  	Telephone: [***]

 15.6 Waiver. Neither Party may waive or release any of its rights or interests in this Agreement
except in writing. The failure of either Party to assert a right hereunder or to insist upon compliance with any term or condition of this Agreement shall not constitute a waiver of that right or excuse a similar subsequent failure to perform any
such term or condition. No waiver by either Party of any condition or term in any one or more instances shall be construed as a continuing waiver of such condition or term or of another condition or term. 

15.7 Severability. If any provision hereof should be held invalid, illegal or unenforceable in any jurisdiction, the Parties shall
negotiate in good faith a valid, legal and enforceable substitute provision that most nearly reflects the original intent of the Parties and all other provisions hereof shall remain in full force and effect in such jurisdiction and shall be
liberally construed in order to carry out the intentions of the Parties as nearly as may be possible. Such invalidity, illegality or unenforceability shall not affect the validity, legality or enforceability of such provision in any other
jurisdiction. 

  
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 15.8 No Third Party Beneficiaries. Except for the rights to indemnification provided
for certain Third Parties as specified in Section 12.4, all rights, benefits and remedies under this Agreement are solely intended for the benefit of Akili and its Affiliates and TALi and its Affiliates, and except for such rights to
indemnification expressly provided pursuant to Section 12.4, no Third Party shall have any rights whatsoever to (a) enforce any obligation contained in this Agreement (b) seek a benefit or remedy for any breach of this Agreement, or
(c) take any other action relating to this Agreement under any legal theory, including, actions in contract, tort (including but not limited to, negligence, gross negligence and strict liability), or as a defense, setoff or counterclaim to any
action or claim brought or made by either Party. 
 15.9 Entire Agreement/Modification. This Agreement, including its Exhibits, and
the other Transaction Agreements (once executed) sets forth all the covenants, promises, agreements, warranties, representations, conditions and understandings between the Parties and supersedes and terminates all prior agreements and understandings
between the Parties. No subsequent alteration, amendment, change or addition to this Agreement shall be binding upon the Parties unless reduced to writing and signed by the respective authorized officers of the Parties. 

15.10 Relationship of the Parties. The Parties agree that the relationship of TALi and Akili established by this Agreement is that of
independent contractors. Furthermore, the Parties agree that this Agreement does not, is not intended to, and shall not be construed to, establish an employment, agency or any other relationship. Except as may be specifically provided herein,
neither Party shall have any right, power or authority, nor shall they represent themselves as having any authority to assume, create or incur any expense, liability or obligation, express or implied, on behalf of the other Party, or otherwise act
as an agent for the other Party for any purpose. 
 15.11 Force Majeure. Except with respect to payment of money, neither Party shall
be liable to the other for failure or delay in the performance of any of its obligations under this Agreement for the time and to the extent such failure or delay is caused by earthquake, riot, civil commotion, war, terrorist acts, strike, flood,
pandemic or epidemic, or governmental acts or restriction, or other similar cause that is beyond the reasonable control of the respective Party (any, a “Force Majeure Event”). The Party affected by such Force Majeure Event will
provide the other Party with full particulars thereof as soon as it becomes aware of the same (including its best estimate of the likely extent and duration of the interference with its activities), and will use commercially reasonable efforts to
overcome the difficulties created thereby and to resume performance of its obligations as soon as practicable. If the performance of any such obligation under this Agreement is delayed owing to such a Force Majeure Event for any continuous period of
more than [***] ([***]) days, the Parties will consult with respect to an equitable solution, including the possibility of the mutual termination of this Agreement. 

  
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 15.12 Compliance with Applicable Law/Other. Notwithstanding anything to the contrary
contained herein, all rights and obligations of TALi and Akili are subject to prior compliance with, and each Party shall comply with, all Applicable Law, including obtaining all necessary approvals required by the applicable agencies of the
governments of the United States and foreign jurisdictions. In addition, each Party shall conduct, and shall require Persons acting on its behalf or under its authority to conduct, activities under this Agreement in accordance with good scientific
and business practices and Applicable Law. 
 15.13 Counterparts. This Agreement may be executed in two counterparts (including by
electronic means), each of which shall be deemed an original, and all of which together, shall constitute one and the same instrument. 

[The remainder of this page intentionally left blank; the signature page follows.] 

  
 -35- 

 IN WITNESS WHEREOF, the Parties have executed this Agreement in duplicate originals
by their duly authorized representatives. 
  

									
	AKILI INTERACTIVE LABS, INC.	 		 	TALI DIGITAL LIMITED
					
	By:	 	 /s/ W. Edward Martucci
	 	        	 	By:	 	 /s/ Glenn Smith

	Name: W. Edward Martucci	 		 	Name: Glenn Smith
	Title: Chief Executive Officer	 		 	Title: Managing Director

 List of Exhibits: 
 Annex
A—RAG Offering 
 Exhibit 7.3—TALi Trademarks 

Exhibit 9.1.1—Milestones 
 Exhibit 9.1.2—Royalties 

 Annex A 

RAG OFFERING 
 [***] 

  
 -1- 

 EXHIBIT 7.3 

TALI TRADEMARKS 
 [***]

  
 -1- 

 EXHIBIT 9.1.1 

MILESTONES 
 [***] 

  
 -1- 

 EXHIBIT 9.1.2 

ROYALTIES 
 [***] 

  
 -1-

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