Document:

EX-10.14

 Exhibit 10.14 

INDIA NON JUDICIAL 

Government of Karnataka 

e-Stamp 
  

					
	Certificate No.	  	:	  	IN-KA04262532714456H
	Certificate Issued Date	  	:	  	09-Oct-2009 05:27 PM
	Account Reference	  	:	  	SHCIL (Fl)/ ka-shcil/ JC ROAD/ KA-BA
	Unique Doc. Reference	  	:	  	SUBIN-KAKA-SHCIL04558614453771H
	Purchased by	  	:	  	PRESTIGE ESTATES PROJECTS PVT LTD
	Description of Document	  	:	  	Article 30 Lease of Immovable Property
	Description	  	:	  	LEASE DEED
	Consideration Price (Rs.)	  	:	  	0
		  		  	(Zero)
	First Party	  	:	  	PRESTIGE ESTATES PROJECTS PVT LTD
	Second Party	  	:	  	NEXTLINX INDIA PVT LTD
	Stamp Duty Paid By	  	:	  	PRESTIGE ESTATES PROJECTS PVT LTD
	Stamp Duty Amount(Rs.)	  	:	  	200
		  		  	(Two Hundred only)

 LEASE DEED 

THIS LEASE DEED (“Lease Deed”) IS MADE ON THIS THE NINTH DAY OF OCTOBER TWO THOUSAND AND NINE BETWEEN: 

 

	1.	MR. IRFAN BASHEER, aged about 34 years, son of Mr. Mohammed Basheer Sait, residing at No. 17/9, Ali Asker Road Cross, Bangalore - 560 001, hereinafter referred to as Lessor No. 1;

  

	2.	MR. MIRZA MOHAMMED MEHDI, aged about 64 years, son of Late Mirza Hyder, and MR. SYED HUSSAIN RAZVI, aged about 47 years, son of late Syed Hadi Hussain Razvi, both presently residing at Flat No. 1-E,
HVS Apartments, No.1, Edward Road, Bangalore -560 052, hereinafter collectively referred to as Lessors No. 2; 

  

	3.	MR. MOHAMMED MASOOD SAIT ALIAS MASOOD KAREEM, aged about 55 years, son of Late Abdul Kareem Sait, residing at No. 153, 4th Main,
Defence Colony, Indiranagar, Bangalore - 560 038, hereinafter referred to as Lessor No. 3; 

  

	4.	MR. IMRAN SAYEED, aged about 29 years, son of Mr. Mohammed Sayeed Sait, residing at No. 10, Da Costa Layout, First Cross, Cooke Town, Bangalore - 560 005, hereinafter referred to as Lessor No. 4;

  

	5.	MR. HASEEB KHADER ALIAS ABDUL KAREEM, aged about 44 years, son of Mr. Abdul Khader Sait, residing at No. 3/9, Artillery Road, Civil Station, Bangalore, hereinafter referred to as Lessor No. 5;

  

	6.	MR. MOHAMMED BASHEER SAIT, aged 65 years, son of Late Mr. Abdul Kareem, and MRS. SAYEEDA BASHEER, aged 57 years, wife of Mr. Mohammed Basheer Sait both residing at No. 17/9, Ali Asker Road
Cross, Bangalore - 560 001, hereinafter collectively referred to as Lessors No. 6; 

  

	7.	MRS. NAJMA BASHEER, aged 40 years, wife of Mr. Haroon Sait residing at Pinc View Apartments, No.9, Edward Road, Bangalore 560052, hereinafter referred to as Lessor No. 7; 

 

	8.	MRS. FAZILA AHMED, aged 41 years, wife of Mr. Ahmed Sait residing at No. 95, Coles Road, Fraser Town, Bangalore 560005, hereinafter referred to as Lessor No. 8; 

 

	9.	MR. IRFAN RAZACK, aged about 54 years, son of Late S. Razack, residing at No.21/22-3, Craig Park Layout, Off M.G.Road, Bangalore 560 001, hereinafter referred to as Lessor No. 9; 

 

	10.	MR. REZWAN RAZACK, aged about 52 years, son of Late S. Razack, residing at No.37/18, Yellapa Chetty Layout, Ulsoor Road, Bangalore 560 042, hereinafter referred to as Lessor No. 10; 

	11.	MR. ALTAF JAN, aged about 48 years, son of Mr. Jan Mohd. Sattar, residing at No.27, Spencer Road, Fraser Town, Bangalore 560005, hereinafter referred to as Lessor No. 11; 

Lessors No. 1 to 11 shall be hereinafter collectively referred to as the LESSORS, (which expression shall, unless excluded by or repugnant
to the subject or context thereof, be deemed to include their respective heirs, successors, permitted assigns, executors, administrators and legal representatives), of the FIRST PART; 

AND 
 M/S. NEXTLINX INDIA PRIVATE
LIMITED, a company incorporated under the Companies Act, 1956, having its registered office at NITON, 11, Palace Road, Bangalore 560 052 represented herein by its authorized signatory, Mr. Amish Seth (hereinafter referred to as the
“LESSEE”, which expression shall, unless excluded by or repugnant to the subject or context thereof, be deemed to include its successors in office and permitted assigns) of the SECOND PART;

 AND 
 M/S. PRESTIGE ESTATE
PROJECTS PRIVATE LIMITED, a company incorporated under the Companies Act, 1956, having its registered office at “The Falcon House”, No.1, Main Guard Cross Road, Bangalore - 560 001 represented herein by its authorized signatory,
Mr. Irfan Razack (hereinafter referred to as the “CONFIRMING PARTY”, which expression shall, unless excluded by or repugnant to the subject or context thereof, be deemed to include its successors in
office and permitted assigns) of the THIRD PART. 
 (The Lessors, Lessee and the Confirming Party are hereinafter collectively referred
to as the “Parties” and individually as a “Party”). 
 WHEREAS: 

 

	A.	Each of the Lessors herein are the absolute owners, well and truly seized and possessed of and otherwise duly entitled, to the premises comprising of various units bearing Nos. 301, 301A, 301B, 302, 302A, 401, 402, 402A
and 502 along with the car park(s) attached thereto, such units constituting whole of Level 3, Level 4 and portion of Level 5 in the commercial building known as “PRESTIGE AL-KAREEM”, located at No. 3, Edward
Road, Civil Station, Corporation Division No. 72, Bangalore - 560 052, such property (being the said units along with 16 (sixteen) car parking spaces) measuring approximately 22,308 (twenty two thousand three hundred and eight) square feet of
built up area, being more fully described in the Schedule herein (hereinafter referred to as the “Demised Premises”); 

  

	B.	The Demised Premises forms a portion of a larger property located at site bearing No. 3, Edward Road, Bangalore (“Property”), which was the absolute property of V.C. Rajrathnam and
V.R. Chelvakumaran as joint owners, they having acquired the same vide a deed of partition dated February 17, 1943 registered as document No. 297/1942-1943 in the office of the Sub-Registrar, Civil Station, Bangalore;

  
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	C.	The Property was sold by V.C. Rajrathnam and V.R. Chelvakumaran in favour of (a) Ghulam Mahmood Sait, (b) Abdul Khader Sait, (c) Mohammed Mohsin Sait, (d) Mohammed Basheer Sait (the Lessor
No. 6 herein), (e) Mohammed Sayeed Sait, and (f) Mohammed Masood Sait alias Masood Kareem (the Lessor No. 3 herein), all sons of Late Abdul Kareem Sait, vide sale deed dated October 30, 1969 registered as
document No. 2423/1969-1970 in the office of the Sub-Registrar, Shivajinagar, Bangalore; 

  

	D.	Ghulam Mahmood Sait and his five brothers who bought the Property, divided the same into six portions, by way of a family arrangement on February 18, 1974, wherein each brother acquired one portion;

  

	E.	In terms of an oral gift dated February 16, 1984 and a declaration of even date, Ghulam Mahmood Sait and Mohammed Mohsin Sait transferred their respective shares of the Property in favour of their younger brothers,
Mohammed Masood Salt and Mohammed Sayeed Sait; 

  

	F.	In terms of an oral gift dated November 5, 1998 and confirmed by a declaration dated April 13, 1999, Mohammed Sayeed Sait transferred his share of the Property (which included the portion he acquired under the
family arrangement dated February 18, 1974 and the portion he acquired from his brother under the oral gift dated February 16, 1984) in favour of his son, Imran Sayeed (the Lessor No. 4 herein); 

 

	G.	In terms of an oral gift dated December 13, 1998 and confirmed by a declaration dated January 18, 1999, Abdul Khader Sait transferred his share of the Property in favour of his son, Haseeb Khader alias Abdul
Kareem (the Lessor No. 5 herein); 

  

	H.	In terms of an oral gift dated December 26, 1998 and confirmed by a declaration dated January 22, 1999, Mohammed Basheer Sait transferred his share of the Property in favour of his son, Irfan Basheer (the
Lessor No. 1 herein); 

  

	I.	The Lessors No. 1, 3, 4 and 5 being absolute owners, in physical possession and actual enjoyment of the Property on which the Demised Premises is constructed, executed a partition deed dated May 26, 1999
registered as document No. 857/1999-2000 in the office of the Sub-Registrar, Shivajinagar, Bangalore, clearly identifying, demarcating and reaffirming their respective shares in the Property; 

 

	J.	The Lessors No. 1, 3, 4 and 5 have obtained permission from the competent authority to use the Property for commercial purposes and to construct a commercial building on the same in accordance with the plan
sanctioned by such authority; 

  

	K.	The Lessors No. 1, 3, 4 and 5 entered into an agreement for development dated March 31, 2001 in respect of the Property with the Confirming Party. In accordance with the said agreement for development, the
Confirming Party developed the said Property and constructed a commercial building on the same, such commercial building called Prestige AlKareem (hereinafter referred to as the “Building”) of which the Demised Premises is a part;

  
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	L.	The Lessors No. 1, 3, 4 and 5 executed a supplementary agreement dated February 20, 2002, with the Confirming Party in respect of the said development agreement dated March 31, 2001, whereby they
identified the built-up areas of the Building falling into their respective shares and recorded such allocation of built-up area; 

  

	M.	The Lessor No. 1 transferred a portion of the Building allocated to him in terms of the supplementary agreement dated February 20, 2002, being premises bearing Unit No. 301B, situated in the third floor
of the Building (forming part of the Demised Premises) with a super built-up area of 1623 (one thousand six hundred and twenty three) square feet along with an undivided right, title and interest in 610.80 (six hundred and ten point eight zero)
square feet of the Property on which the Building is constructed, in favour of his sister, Fazila Ahmed (the Lessor No. 8 herein) by way of an oral gift dated August 25, 2003 confirmed by a notarised affidavit of even date;

  

	N.	The Lessor No. 1 transferred a portion of the Building allocated to him in terms of the supplementary agreement dated February 20, 2002, being premises bearing Unit No. 301A, situated in the third floor
of the Building (forming part of the Demised Premises) with a super built-up area of 1623 (one thousand six hundred and twenty three) square feet along with an undivided right, title and interest in 610.80 (six hundred and ten point eight zero)
square feet of the Property on which the Building is constructed in favour of his sister, Najma Basheer (the Lessor No. 7 herein) by way of an oral gift dated August 25, 2003 confirmed by a notarised affidavit of even date:

  

	O.	The Lessor No. 1 transferred a portion of the Building allocated to him in terms of the supplementary agreement dated February 20, 2002, being premises bearing Unit No. G-01C, situated in the ground floor of
the Building with a super built-up area of 1217 (one thousand two hundred and seventeen) square feet along with an undivided right, title and interest in 458 (four hundred and fifty eight) square feet of the Property on which the Building is
constructed in favour of his father, Mohammed Basheer Sail (the Lessor No. 6 herein) by way of an oral gift dated August 25, 2003 confirmed by a notarised affidavit of even date; 

 

	P.	The Confirming Party, being the power-of-attorney holder of Lessors No. 1, 3, 4 and 5 sold a portion of the Building, being premises bearing Unit No. 402, situated in the fourth floor of the Building (forming
part of the Demised Premises) with a super built-up area of 2435 (two thousand four hundred and thirty five) square feet, together with 2 (two) covered car parking spaces in the basement, along with proportionate undivided interest in the Property
on which the Building is constructed, in favour of Irfan Razack (the Lessor No. 9 herein) by way of a sale deed dated December 23, 2003, registered as document No. 4695/2003-2004 in the office of the Sub-Registrar,
Shivajinagar, Bangalore; 

  

	Q.	 The Confirming Party, being the power-of-attorney holder of Lessors No. 1, 3, 4 and 5 sold a portion of the Building, being premises bearing Unit
No. 402A, situated in the fourth floor of the Building (forming part of the Demised Premises) with a super built-up area of 2435 (two thousand four hundred and thirty five) square feet, together with 2 (two) covered car parking spaces, along
with proportionate undivided interest in the 

  
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Property on which the Building is constucted, in favour of Rezwan Razack ( the Lessor No. 10 herein) by way of a sale deed dated December 23, 2003 registered as document
No. 4694/2003-2004 in the office of the Sub-Registrar, Shivajinagar, Bangalore; 

  

	R.	The Confirming Party, being the power-of-attorney holder of Lessors No. 1, 3, 4 and 5 sold a portion of the Building, being premises bearing Unit No. 302, situated in the third floor of the Building (forming
part of the Demised Premises) with a super built-up area of 2870 (two thousand eight hundred and seventy) square feet, together with 2 (two) covered car parking spaces, along with proportionate undivided interest in the Property on which the
Building is constructed, in favour of M.S.A. Arbee and Fereda Arbee, both represented by their power-of-attorney holder, Ayub Khan by way of a sale deed dated January 1, 2004 registered as document No. 5369/2003-2004 in the office of the
Sub-Registrar, Shivajinagar, Bangalore; 

  

	S.	M.S.A. Arbee and Fereda Arbee, both represented by their power-of-attorney holder, Ayub Khan further jointly sold the premises bearing Unit No. 302 situated in the third floor of the Building (forming part of the
Demised Premises) with a super built-up area of 2870 (two thousand eight hundred and seventy) square feet, together with 2 (two) covered car parking spaces, along with proportionate undivided interest in the Property on which the Building is
constructed, in favour of Mirza Mohammed Mehdi and Syed Hussain Razvi (the Lessors No. 2 herein) by way of a sale deed dated September 7, 2006 registered as document No. 2519/2006-2007 in the office of the Sub-Registrar,
Shivajinagar, Bangalore; 

  

	T.	The Confirming Party, being the power-of-attorney holder of Lessors No. 1, 3, 4 and 5 sold a portion of the Building, being premises bearing Unit No. 502, situated in the fifth floor of the Building (forming
part of the Demised Premises) with a super built-up area of 2827 (two thousand eight hundred and twenty seven) square feet, together with 1 (one) covered car parking space, along with proportionate undivided interest in the in the Property on which
the Building is constructed, in favour of Altaf Jan (the Lessor No. 11 herein) by way of a sale deed dated January 1, 2004 registered as document No. 5516/2003-2004 in the office of the Sub-Registrar, Shivajinagar, Bangalore;

  

	U.	The Lessors being the absolute owners in possession of the Demised Premises have represented that (a) all necessary permissions have been obtained for construction of the Building “PRESTIGE AL-KAREEM”;
(b) the sanctioned usage of the Building is commercial (office use); and (c) there is no legal impediment for using any office space in the Building “PRESTIGE AL-KAREEM” as office and for conducting business activities therefrom;

  

	V.	The Lessee is looking for an office space in Bangalore to house its office and the Lessors have agreed to lease the Demised Premises to the Lessee and the Lessee has agreed to take on lease the Demised Premises and in
terms of the agreement, the Parties entered into an Agreement to Lease (the “Agreement to Lease”) on July 16, 2009, reducing into writing the terms on which the Lessors shall give on lease the Demised Premises and the Lessee
shall take on lease the Demised Premises from the Lessors; 

  
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	W.	NOW, therefore, in consideration of the rent agreed to be paid and the security deposit paid and maintained and of the reciprocal promises and obligations and mutual covenants between the Parties being recorded
hereinafter, the Lessors and the Lessee, together with the Confirming Party, have entered into this Lease Deed. 

 NOW THIS LEASE DEED
WITNESSETH AS FOLLOWS: 
  

	1.	DEFINITIONS AND INTERPRETATION 

  

	1.1	In this Deed of Lease, unless repugnant to the context thereof, the following terms shall have the following meanings: 

“Additional Space” shall have the same meaning as ascribed to it in Clause 18.1; 

“Applicable Laws” shall mean and include any applicable central, state or local law, statute, ordinance, rule, regulation,
code, bye-law, government order or direction, judgment, decree or order of a judicial or a quasi-judicial authority; 
 “Agreement to
Lease” shall have the same meaning as ascribed to it in Recital V; 
 “Building” shall have the same meaning as
ascribed to it in Recital K; 
 “Business Day” shall mean any day other than Sunday and any other public holiday on which
banks and financial/public institutions in Bangalore, India are open for business; 
 “Car Park Rent” shall have the same
meaning as ascribed to it in Clause 5.1(ii); 
 “Common Areas” shall mean the area within the Building of which the Demised
Premises is a part, which is demarcated for the common usage of all the occupants of the Building by the Confirming Party, including staircases, ducts, lifts and other common amenities, pathways, corridors, landscape areas, areas designated for the
keeping and collecting of refuse, and refuge areas within the Building; 
 “Day” shall mean a day in accordance with the
English calendar; 
 “Demised Premises” shall have the same meaning as ascribed to it in Recital A; 

“Dispute” shall have the same meaning as ascribed to it in Clause 27.1; 

“Fit-outs” shall mean all that furniture, fixtures, fittings and facilities that have been installed in the Premises by the
Confirming Party; 
 “Force Majeure” shall have the same meaning as ascribed to it in Clause 24.1; 

“Initial Term” shall have the same meaning as ascribed to it in Clause 4; 

“Lease Commencement Date” shall have the same meaning as ascribed to it in Clause 3.1; 

  
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 “Lease Deed” shall mean this Lease Deed together with all its Annexures
and Schedules; 
 “Lessee Improvements” shall have the same meaning as ascribed to it in Clause 16.1;

 “Lock-in-Period” shall have the same meaning as ascribed to it in Clause 9.1; 

“Maintenance Charges” shall have the same meaning as ascribed to it in Clause 12.1; 

“Major Repairs” shall have the same meaning as ascribed to it in Clause 16.4; 

“Notice of Dispute” shall have the same meaning as ascribed to it in Clause 27.1; 

“Office Rent” shall have the same meaning as ascribed to it in Clause 5.1(i); 

“Property” shall have the same meaning as ascribed to it in Recital B; 

“Renewal Term” shall have the same meaning as ascribed to it in Clause 4; 

“Rent” shall have the same meaning as ascribed to it in Clause 5.1; 

“Rent Commencement Date” shall have the same meaning as ascribed to it in Clause 3.2; 

“Rent Free Period” shall have the same meaning as ascribed to it in Clause 3.2; 

“Security Deposit” shall have the same meaning as ascribed to it in Clause 6.1; and 

“Unexpired Rent” shall have the same meaning as ascribed to it in Clause 9.1; 

 

	1.2	In this Lease Deed: 

  

	 	(a)	References to any statute or statutory provision or order or regulation made thereunder shall include that statute, provision, order or regulation as amended, modified, re-enacted or replaced from time to time whether
before or after the date hereof; 

  

	 	(b)	References to persons shall include body corporates, unincorporated associations, partnerships and any organisation or entity having legal capacity; 

 

	 	(c)	Headings to Articles are for information only and shall not form part of the operative provisions of this Lease Deed and shall not be taken into consideration in its interpretation or construction; 

 

	 	(d)	References to Recitals, Articles or Annexures are, unless the context otherwise requires, references to recitals, articles or Annexures of this Lease Deed; 

 

	 	(e)	Unless the context otherwise requires, reference to one gender includes a reference to the other, words importing the singular include the plural and vice versa; 

  
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	 	(f)	References to the words “include” or “including” shall be construed as being suffixed by the term “without limitation”; and 

 

	 	(g)	The Schedules and Annexures to this Lease Deed form an integral part of this lease Deed and will be of full force and effect as though they were expressly set out in the body of this Lease Deed. 

 

	2.	DEMISE 

 The Lessors hereby give on lease to the Lessee and the Lessee hereby takes on
lease from the Lessors the Demised Premises, subject to the terms and conditions contained hereinafter in this Lease Deed. 
  

	3.	COMMENCEMENT, POSSESSION AND RENT FREE PERIOD 

  

	3.1	The Lessors have handed over the possession of the Demised Premises, with the Fit-Outs installed therein by the Confirming Party, on September 10, 2009 (the “Lease Commencement Date”).

  

	3.2	Rent Free Period and Rent Commencement: The Lessee shall be entitled to 15 (fifteen) days of rent-free occupation of the Demised Premises starting from the Lease Commencement Date (“Rent Free
Period”). The obligation of the Lessee to pay rent in respect of the Demised Premises shall commence upon the expiry of the said 15 (fifteen) days’ Rent Free Period, with effect from September 25, 2009 (the “Rent
Commencement Date”) and the Lessee shall pay rent for the Demised Premises at the rate agreed and reserved herein below. 

  

	4.	DURATION OF THE LEASE 

 The Lessors and the Lessee agree that the lease shall be
initially for a period of 3 (three) years commencing from the Lease Commencement Date (the “Initial Term”). At the end of the Initial Term, the lease may be renewed at the sole option of the Lessee for one further term of 3 (three)
years (the “Renewal Term”) on the same terms and conditions as set out in this Lease Deed, subject to escalation in rent payable for the Demised Premises as provided in Clause 8 herein. 

 

	5.	RENT 

  

	5.1	In consideration of the Lessors leasing the Demised Premises in favour of the Lessee, the Lessee undertakes to pay to the Lessors, every month, an amount of Rs. 8,13,511 (Rupees Eight Lakhs Thirteen Thousand Five
Hundred and Eleven only) towards rent for the Demised Premises, starting from the Rent Commencement Date, calculated as follows: 

  

	 	(i)	Rs.35.75 (Rupees Thirty Five and Paise Seventy Five only) per square feet of the super built-up area of the office space in Level 3, Level 4 and portion of Level 5, having a total super built up area of 22,308 (twenty
two thousand three hundred and eight) square feet aggregating to Rs. 7,97,511 (Rupees Seven Lakhs Ninety Seven Thousand Five Hundred and Eleven only) (the “Office Rent”); and 

  
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	 	(ii)	Rs.1000 (Rupees One Thousand only) per car park for 16 (sixteen) car parking spaces aggregating to Rs. 16,000 (Rupees Sixteen Thousand only) (the “Car Park Rent”). The Office Rent and the Car Park Rent
are hereinafter collectively referred to as the “Rent”. 

  

	5.2	The payment of the Rent shall be made in advance, on or before 7th (seventh) day of every calendar month, commencing from the Rent Commencement Date and for any delay
in making the payment of the Rent, the Lessee shall be liable to pay the Rent along with an interest on the same at the rate of 12% (twelve per cent) per annum for the period of delay, from the date the Rent became due till the date of actual
payment. It is further agreed that the Rent for the first month shall be pro-rated, in accordance with the Rent Commencement Date. 

  

	5.3	The Rent shall be paid to each of the Lessors in proportion to their ownership of the Demised Premises as follows: 

  

									
	 SL
NO:
	  	 NAME OF THE LESSOR
	  	Office Rent
Payable
(in INR)	  	Car park rent
(In INR)	  	Total Rent per
month payable
for the first two
years
(In INR)
	 1
	  	Irfan Basheer	  	58,094	  	2000	  	60,094
	 2
	  	Mirza Mohammed Mehdi & Syed Hussain Razvi	  	1,02,603	  	2000	  	1,04,603
	 3
	  	Masood Kareem	  	17,875	  		  	17,875
	 4
	  	Imran Sayeed	  	17,875	  		  	17,875
	 5
	  	Haseeb Khader alias Abdul Kareem	  	1,91,978	  	5000	  	1,96,978
	 6
	  	Mohammed Basheer Sait & Sayeeda Basheer	  	17,875	  		  	17,875
	 7
	  	Najma Basheer	  	58,022	  	1000	  	59,022
	 8
	  	Fazila Ahmed	  	58,022	  	1000	  	59,022
	 9
	  	Irfan Razack	  	87,051	  	2000	  	89,051
	 10
	  	Rezwan Razack	  	87,051	  	2000	  	89,051
	 11
	  	Altaf Jan	  	1,01,065	  	1000	  	1,02,065
		  		  	  
	  	  
	  	  

		  	TOTAL	  	7,97,511	  	16000	  	8,13,511
		  		  	  
	  	  
	  	  

  

	5.4	In the event the 7th (seventh) day of the month by which time the Rent is payable, is a Sunday or a public holiday, the Rent shall be paid on the immediately
succeeding Business Day. 

  

	5.5	The Rent payable by the Lessee to the Lessors shall be paid by the Lessee, subject to the deduction of income tax at source, at such rate as is required by law, if any. The Lessee shall issue a consolidated tax
deduction certificate in respect of such deductions within 30 (thirty) days from the end of the financial year of the Lessee or the date of termination/expiry of the lease, whichever is earlier, as the case may be. 

  
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	6.	SECURITY DEPOSIT 

  

	6.1	The Lessee shall keep deposited and maintained with the Lessors, during the term of the lease and any renewal thereof, as interest free refundable security deposit (the “Security Deposit”), for securing
due observance and performance of the terms of this Lease Deed, a sum of Rs.81,35,110 (Rupees Eighty One Lakhs Thirty Five Thousand One Hundred and Ten only) equivalent to 10 (ten) months’ Rent. Each of the Lessors shall be entitled to the
Security Deposit in proportions as more fully detailed below: 

  

							
	 SL
NO:
	  	 NAME OF THE LESSOR
	  	4 months deposit that
was paid upon the
signing of the
Agreement to Lease
(In INR)	  	Balance that has been
paid at the time of
execution of this Lease
Deed
(In INR)
	 1
	  	Irfan Basheer	  	240376	  	360564
	 2
	  	Mirza Mohammed Mehdi & Syed Hussain Razvi	  	418412	  	627618
	 3
	  	Masood Kareem	  	71500	  	107250
	 4
	  	Imran Sayeed	  	71500	  	107250
	 5
	  	Haseeb Khader alias Abdul Kareem	  	787912	  	1181868
	 6
	  	Mohammed Basheer Sait & Sayeeda Basheer	  	71500	  	107250
	 7
	  	Najma Basheer	  	236088	  	354132
	 8
	  	Fazila Ahmed	  	236088	  	354132
	 9
	  	Irfan Razack	  	356204	  	534306
	 10
	  	Rezwan Razack	  	356204	  	534306
	 11
	  	Altaf Jan	  	408260	  	612390
		  		  	  
	  	  

		  	TOTAL	  	3254044	  	4881066
		  		  	  
	  	  

		  	TOTAL SECURITY DEPOSIT PAID	  	8135110

 The Lessors, jointly and severally, hereby acknowledge the receipt of the Security Deposit from the Lessee.

  

	6.2	On expiry or earlier termination of the lease herein, the Lessors shall refund the Security Deposit in full to the Lessee simultaneously with handing over of the possession of the Demised Premises by the Lessee. The
Lessors hereby agree and undertake that the liability to refund the Security Deposit shall be joint and several. 

  

	6.3	Failure to refund the Security Deposit 

 In the event, upon earlier termination/expiry of
the lease herein, the Lessors, jointly and severally, fail to refund the Security Deposit or any part thereof to the Lessee, or any Lessor fails to refund his portion of the Security Deposit or any part thereof to the Lessee, the Lessee will be
entitled to enjoy the possession of the Demised Premises without payment of Rent, the Maintenance Charges (as defined in Clause 12.1 herein) or other 

  
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charges for such further period, from the date of expiry of the lease or earlier termination thereof till the entire Security Deposit is refunded to the Lessee in full along with an interest on
the same at the rate of 12% (twelve per cent) per annum for the duration of the delay, provided the Lessee does not use the Demised Premises during such further period for conducting its business operations. 

 

	7.	CAR PARK 

 The Lessors shall provide to the Lessee, 16 (sixteen) reserved car parking
slots, which shall be at the basement and surface levels of the Building, exclusively for the use of the Lessee as part of the Demised Premises and the Rent payable by the Lessee is inclusive of the Car Park Rent for such exclusive car parking slots
as detailed in Clause 5.1(ii) herein. 
  

	8.	ESCALATION IN RENT AND RENEWAL 

  

	8.1	The Rent (including Car Park Rents) payable by the Lessee to the Lessors shall be increased/ stand escalated by 10% (ten per cent) at the expiry of every 2 (two) years over the Rent paid for the immediately preceding 2
(two) years. 

  

	8.2	In the event the Lessee intends to exercise its option to renew the lease of the Demised Premises in accordance with Clause 4 herein, the Lessee shall issue a notice in writing of such intent to the Lessors at least 3
(three) months prior to the expiry of the Initial Term, and upon receipt of such notice from the Lessee the Lessors shall renew the lease in favour of the Lessee for the Renewal Term, subject to the Lessee and the Lessors executing and registering a
fresh Lease Deed for the Renewal Term. The expenses towards executing the fresh lease deed for the Renewal Term, including towards stamp duty and registration charges, shall be at the cost of the Lessee. In the event of the Lessee opting to renew
the lease as aforesaid, the Lessee shall continue to remain in possession of the Demised Premises, and pay the rents and other outgoings, as agreed, to the Lessors in respect of the Demised Premises till the time of execution and registration of the
fresh lease deed for the Renewal Term, and the same shall not be called in question by the Lessors, or anyone claiming through them. 

  

	8.3	In the event the Lessee does not issue any notice electing to renew the lease as provided hereinabove, the lease of the Demised Premises in favour of the Lessee shall stand terminated at the expiry of the Initial Term.

  

	9.	LOCK-IN PERIOD AND TERMINATION 

  

	9.1	 It is agreed between the Parties that the Lessee shall not be entitled to terminate the lease for the initial term of 33 (thirty three) months from
the Lease Commencement Date, subject to issue of notice of termination under Clause 9.4 herein, except in the event of any material breach of the terms and conditions of this Lease Deed by the Lessors, or by any of the Lessors, as the case may be,
and occurrence of any Force Majeure event. Such period of 33 (thirty three) months shall hereinafter be referred to as the “Lock-in Period”. In the event the Lessee terminates the lease within the Lock-in
Period, the Lessee shall be liable to pay the total aggregate Rent for the remainder portion of the  

  
 Page 11 

	 	
unexpired period of lease for the Initial Term (the “Unexpired Rent”). It is clarified that the Lessee shall not be required to pay the Unexpired Rent in the event that the
Lessee terminates the lease during the Lock-in Period for reasons attributable to any material breach of the terms and conditions of this Lease Deed by the Lessors and occurrence of any Force Majeure event. For the purpose of
this clause, the Lessee shall be deemed to have terminated the lease even if the Lessors have terminated the lease due to the default committed by the Lessee in payment of the Rent as provided herein below. 

 

	9.2	Notwithstanding the restrictions on the Lessee to terminate the lease during the Lock in Period, the Lessee shall have the sole right to terminate the lease without any further obligation in the event the Lessors commit
material breach of the lease or in the event of the Demised Premises being rendered unusable for a continuous period of 30 (thirty) days for any reason not attributable to the Lessee. In the event the Lessee exercises such right to terminate the
lease, the Lessee shall issue a written notice to the Lessors of such intention 30 (thirty) days prior to such intended termination and direct the Lessors to rectify such material breach within the said 30 (thirty) days. On failure on part of the
Lessors to remedy/rectify such material breach of this Lease Deed to the satisfaction of the Lessors within 30 (thirty) days of the issue of the notice for termination, this Lease Deed shall stand terminated and the Lessors shall forthwith refund
the Security Deposit to the Lessee. 

  

	9.3	The Lessors shall be entitled to terminate the lease only in the event the Lessee defaults in payment of Rent for a period exceeding 3 (three) months despite having received from the Lessors, a written notice issued 30
(thirty) days in advance of such intended termination, to pay the arrears of Rent. 

  

	9.4	After the expiry of the Lock-in Period of 33 (thirty three) months, the Lessee shall have the option terminate the Lease without assigning any reason whatsoever, by issuing 3 (three) months’ advance written notice
of its intent to so terminate. 

  

	10.	CONSEQUENCES OF TERMINATION 

 Upon expiry of the lease by efflux of time or its earlier
termination in accordance with Clause 9 hereinabove, the Lessee shall remove itself, its servants, agents. Employees, executives, officers and each one of them who may be occupying the Demised Premises and all its/their movable articles, belongings,
things and effects from the Demised Premises and hand over to the Lessors, the peaceful vacant possession of the Demised Premises in the condition it was handed over to the Lessee, subject to normal wear and tear. It is further clarified that the
Lessee shall hand over peaceful vacant possession of the Demised Premises only upon the Lessors, jointly and severally, refunding to the Lessee the entire Security Deposit. 
  

	11.	USE OF DEMISED PREMISES 

 During subsistence of the lease, the Lessee shall be entitled
to peaceful, uninterrupted and exclusive possession and enjoyment of the Demised Premises and the Lessee shall have full access to the Demised Premises 7 (seven) days a week, 24 (twenty four) hours a day,

  
 Page 12 

 
365 (three hundred and sixty five) days a year. The Lessee shall, however, occupy and use the Demised Premises only as its office to conduct lawful business and for no other purposes. 

 

	12.	MAINTENANCE AND WATER CHARGES 

  

	12.1	The Lessee shall, in addition to paying the Rent, bear and pay the common area maintenance charges (the scope of common area maintenance services is provided in the Annexure hereto) at the rate of Rs.3 (Rupees Three
only) per square feet of the Demised Premises per month for maintaining the Common Areas and facilities in the Building, from the Lease Commencement Date (the “Maintenance Charges”). The Maintenance Charges payable by the Lessee to
the Lessors may be increased by 10% (ten per cent) at the expiry of every 2 (two) years over the Maintenance Charges paid for the immediately preceding 2 (two) years. In any event, such increase of the Maintenance Charges does not render the
Maintenance Charges payable by the Lessee to the Lessors higher than any other occupant(s) of the Building. Such charges shall be payable directly to the agency/body maintaining the common areas and facilities in the said Building and shall not be
construed as Rent for the purposes of this Lease Deed. 

  

	12.2	The Lessee shall pay water charges for the water consumed in the Demised Premises directly to the concerned agency/body maintaining the Common Areas in the building of which the Demised Premises is a part, as per actual
consumption by the Lessee and bills raised by such agency/body. 

  

	13.	PAYMENT 

 All the payments to be made by the Lessee to the Lessors shall be by way of
demand draft or by account transfer or by payee cheque, payable at par in Bangalore. The Lessors shall be entitled to securitizing the Rent receivable from the Lessee with any bank/financial institution and the Lessee shall, upon a written request
from the Lessors, pay the Rent to such bank/financial institution as the Lessors may designate, either jointly or severally, and such payment by the Lessee shall be a valid and proper discharge of the Lessee’s obligation to pay the Rent under
this Lease Deed. 
  

	14.	POWER AND BACK-UP POWER 

  

	14.1	The Lessors shall provide 3 (three) phase electricity supply of 1 KVA for every 100 (hundred) square feet to the Demised Premises at their own cost and the Lessee shall pay for the electricity consumed as per the
separate meter/s provided. 

  

	14.2	In the event the Lessee requires any additional power, the Lessors or the agency/body maintaining the Common Areas of the Building of which the Demised Premises is a part shall, subject to availability, provide the same
on payment by the Lessee a non-refundable amount of Rs. 15,000 (Rupees Fifteen Thousand only) per KVA of additional power to the Lessors/or to such agency/body maintaining the Common Area. The payment of any amounts by the Lessee, in terms hereof,
towards additional power supply, if any, shall not be construed as Rent or Security Deposit, for the purposes of this Lease Deed. 

  
 Page 13 

	14.3	The Lessors have agreed to provide either by themselves or through the agency maintaining the Common Areas and facilities of the Building of which the Demised Premises is a part, 100% (hundred per cent) power back-up
through generator sets to the Demised Premises and consumption of back-up power shall be separately metered and billed at the rate of Rs. 17 (Rupees Seventeen only) per unit of back-up power consumed and the unit rate is subject to escalation from
time to time. 

  

	15.	AIR CONDITIONING 

  

	15.1	The Lessors or the agency/body maintaining the Common Areas in the Building of which the Demised Premises is a part, shall provide air conditioning to the Demised Premises. The normal hours for providing such air
conditioning shall be 8.30 AM to 8.30 PM from Monday to Friday and 8.30 AM to 2.30 PM on Saturdays. 

  

	15.2	The Lessee shall bear the operating charges for providing air conditioning based on chilled water consumption, metered and billed at pro-rata basis at the rates applicable and shall pay the same to such agency/body
maintaining the Common Areas operating the air-conditioning plant. The consumption of air conditioning made by the Lessee after normal hours, that is, after 8.30 PM on weekdays, that is, from Monday to Friday as stated above shall be 20% (twenty per
cent) over the normal charges. This applies to Sundays and other public holidays. The charges towards the air conditioning shall be subject to increase from time to time based on the rates charged by the Bangalore Electricity Supply Company, the
statutory body responsible for supplying electricity in Bangalore city. However, any such increase in the charges would, in no event be higher than that levied on the other occupants of the Building of which the Demised Premises is a part.

  

	16.	REPAIRS AND MAINTENANCE 

  

	16.1	The Lessee shall use the Demised Premises carefully and diligently and shall not cause any willful damage to the Demised Premises, normal wear and tear excepted. The Lessee shall be entitled to install/carry out
interior works, electrical and communication devices and any other office equipment in the Demised Premises as are required for its business activities (“Lessee Improvements”) and at its own cost and expenses and the Lessee shall be
entitled to remove the Lessee Improvements at the time of vacating the Demised Premises. 

  

	16.2	The Lessee shall not be entitled to carry out any structural modifications to the Demised Premises without the prior written approval of the Lessors. 

 

	16.3	The Lessee shall, during the entire period of the lease, ensure all routine day-to-day maintenance of the non-structural parts of the Demised Premises at its own cost. 

 

	16.4	 The Lessors shall be responsible for all structural repairs and maintenance of external electrical, water supply and sanitary systems installed at the
Demised Premises and in the Building wherein the Demised Premises is situated. The Lessors shall take care of any major repairs including structural maintenance and other structural repairs of whatsoever nature to the Building, including the Demised
Premises, including, but not limited to, 

  
 Page 14 

	 	
repairing water leakage from the terrace, beam cracks, cracks in walls, structural portions of the roof, the foundations of the Building, exterior load-bearing walls of the Building, which
also may be in the nature of structural repairs, major leakage or repair necessitated by a tempest or fire, (not caused by any act of omission or commission of the Lessee), acts of terrorism, earthquakes or any other natural calamity as more fully
described in Clause 24, (such repairs hereinafter collectively referred to as “Major Repairs”). 

  

	16.5	In the event that the Lessors fail to make such Major Repairs, the Lessee shall, by a notice in writing, call upon the Lessors to execute such repair or maintenance within a period of 30 (thirty) days from the date of
receipt of such notice, and if the Lessors further fail to carry out the repair or maintenance as the case may be within the said period of 30 (thirty) days, or such further time as may be mutually agreed to by the Parties depending on the nature of
such work; or if the Lessee determines that the Lessee is unable to occupy more than 75% (seventy five per cent) of the Demised Premises as a result of the Major Repairs, then, the Lessee may, including during the Lock-in Period, at its option,
terminate this Lease Deed without any further liability or obligation to the Lessors and the Lessors shall refund the Security Deposit to the Lessee upon such termination. 

 

	17.	SIGNAGE 

 The Lessee shall be entitled to display its signage(s) at the places designated
for display of signage in/on the Building by the Lessors at no extra cost. 
  

	18.	SUB-LETTING 

 The Lessee shall not be entitled to sub-lease or otherwise part with
possession of the Demised Premises in favour of any third party without the written consent of the Lessors, which shall not be unreasonably withheld by the Lessors. However, the sublease or use of the Demised Premises by any group company, associate
company, subsidiary company or holding company of the Lessee shall be permitted without such written consent. 
  

	19.	ATTORNMENT 

 The Lessors shall be entitled to, during the subsistence of Lessee’s
leasehold rights in the Demised Premises, dispose of or otherwise deal with the Demised Premises, either wholly or in several portions, without in any way affecting the leasehold rights of the Lessee over the Demised Premises. Any such transfer by
the Lessors of the Demised Premises shall always be subject to the leasehold rights of the Lessee and the Lessors undertake to obtain from the transferee, an unconditional undertaking to be bound by all the terms and conditions of this Lease Deed.
The Lessors shall thereafter, provide the copy of the signed agreement executed with the transferee to the Lessee. In the event of the Lessors transferring the Demised Premises, either in whole or portions thereof, the Lessors shall transfer the
Security Deposit, jointly or severally, as the case may be, to the transferee(s) and the transferee(s) shall hold the Security Deposit for the remainder of the Lease Term. The Lessee shall not be obliged or called upon to pay any additional Security
Deposit to the transferees. 

  
 Page 15 

	20.	TAXES AND LEVIES 

  

	20.1	The Lessors shall pay the property taxes, levies and other outgoings in respect of the Demised Premises and the Building promptly and in a timely manner. However, all taxes payable due to the business activities carried
on by the Lessee in the Demised Premises shall be borne and paid by the Lessee. 

  

	20.2	The Rent, power consumption charges, Maintenance Charges, and back-up power consumption charges to be paid by the Lessee are all exclusive of service tax, value added tax (VAT) etc. which shall be borne by the Lessee as
applicable. 

  

	21.	LESSOR’S REPRESENTATIONS, WARRANTIES, COVENANTS 

 The Lessors represent, warrant and
covenant with the Lessee that: 
  

	 	(i)	The Lessors have good and marketable title to the Demised Premises, free and clear of all charges, liens, claims, encroachments, mortgages, and encumbrances; 

 

	 	(ii)	The Lessors are well and truly entitled to enter into this Lease Deed in respect of the Demised Premises and/or to enter into these presents and the Lessors shall not do, omit or suffer to be done anything whereby its
right to hold and enjoy the Demised Premises is avoided, forfeited or extinguished; 

  

	 	(iii)	The Demised Premises can be used as an office without any legal impediments and the Lessors have obtained all permissions from the competent authority to ensure the same; 

 

	 	(iv)	There is/are no restraints or obstruction/s on the Lessors to lease the Demised Premises in favour of the Lessee and the Lessee can peacefully occupy and use the Demised Premises for the purpose for which it has been
leased; 

  

	 	(v)	The Lessors have obtained all the necessary approvals, consents, etc. under all applicable rules, laws, bye-laws, regulations, etc. and all statutory requirements in connection with the construction and/or use and/or
occupation of the Demised Premises and the Building in which the same is situated have been duly complied with; 

  

	 	(vi)	The Lessee shall, at all times during the subsistence of the lease, be entitled to enjoy exclusive and peaceful possession of the Demised Premises as its office without any claim or hindrance from any one else;

  

	 	(vii)	There are presently no encroachments on the Demised Premises and the Lessors are in absolute and uninterrupted possession of the Demised Premises; 

 

	 	(viii)	The Lessors have, either jointly or severally, not received any notice of violation of any law or municipal ordinance, order or requirement, having jurisdiction or affecting the Demised Premises at the date hereof;

  
 Page 16 

	 	(ix)	There are no latent or structural defects, hidden or otherwise, in the Demised Premises, electrical, plumbing systems, and the same are in good and proper working order; 

 

	 	(x)	The Demised Premises have been constructed as per the approved plans and designs sanctioned in accordance with the Applicable Laws; 

  

	 	(xi)	There is presently no claim, action, litigation, arbitration, garnishee or other proceeding pending against the Lessors and relating to the Demised Premises/Building or the transactions contemplated hereby. There is
presently no claim, governmental investigation or threatened litigation or arbitration proceedings in respect of the Demised Premises/Building. The Lessors shall give the Lessee immediate notice of any such claim, litigation, proceeding or
investigation which becomes known to them prior to execution hereof; 

  

	 	(xii)	There are no pending land acquisition proceedings affecting the Demised Premises/Building or any part thereof, or any intended public improvements which will result in any charge being levied or assessed against the
Demised Premises or in the creation of any lien upon the Demised Premises; 

  

	 	(xiii)	There are no leases or other agreements permitting usage/occupancy of the Demised Premises, or any portions thereof, nor have the Lessors entered into any course of conduct which would permit any person or entity
(including any Governmental or quasi-governmental authority), to occupy any portion of the Demised Premises or otherwise affecting the Demised Premises or any part thereof; 

 

	 	(xiv)	The Lessors do not have any dues pending in respect of property taxes or other taxes nor any penalty in respect thereof that may be assessed against the Lessors; 

 

	 	(xv)	The Lessors shall ensure that the Lessee enjoys quiet and peaceful occupation of the Demised Premises during the term of the lease. It is clarified that the Lessee’s occupation of the Demised Premises cannot be
restricted by the Lessors if the Lessee has not complied with the terms of this Lease Deed due to any subsisting default or breach by the Lessors; and 

  

	 	(xvi)	The Lessee after obtaining written consent from the Lessors shall, at its own cost and expense, be at liberty to install facilities and all other conveniences as the Lessee may think fit for or in connection with the
full use, occupation and enjoyment of the Demised Premises by the Lessee. 

  

	22.	INDEMNITY 

 The Lessors hereby, jointly and severally, shall indemnify and shall keep
indemnified the Lessee against all costs, expenses, damages, penalties arising on account of the following: 
  

	 	(i)	The Lessee being prevented from using or occupying the Demised Premises, or any portions thereof, due to any defect in the title or ownership of the Lessors, either jointly or severally, to the same; or

  
 Page 17 

	 	(ii)	Any representation or warranty made herein by the Lessors becoming untrue or false; or 

  

	 	(iii)	Breach by the Lessors, jointly or severally, of any covenant, representation warranty or term of this Agreement; or 

  

	 	(iv)	Misrepresentation by the Lessors to the Lessee, of any covenant or term of this Lease Deed; or 

  

	 	(v)	Any act done or omitted to be done by the Lessors or by their agents or representatives for reasons of negligence or otherwise, which prejudices the rights of the Lessee under this Lease Deed and the Lessee’s
interest in the Demised Premises; or 

  

	 	(vi)	Any prosecutions, proceedings, or any other proceedings arising against the Lessee or the Demised Premises affecting any rights of the Lessee hereunder. 

 

	23.	FORCE MAJEURE 

  

	23.1	In the event the Demised Premises or any part thereof is, at any time during the subsistence of the lease, destroyed or damaged due to fire, acts of God, earthquake, storm, tempest, flood, war, acts of terrorism, riots,
violence of any army or a mob or other irresistible force or accident or by any other force majeure (hereinafter collectively referred to as a “Force Majeure” event) circumstances beyond the control of the Parties or
in any other manner becomes wholly or partially unfit for occupation or use, the Rent payable by the Lessee to the Lessors shall be suspended till such time the Demised Premises is rendered fit by the Lessors at their own cost and expenses for
occupation and use by the Lessee. 

  

	23.2	If the performance by either Party, of any of its obligations under this Lease Deed is prevented, restricted or interfered with by reason of fire, acts of God, earthquake, storm, tempest, flood, war, acts of terrorism,
riots, violence of any army or a mob or other irresistible force or accident or by any other Force Majeure circumstances beyond the control of the Parties, or by application of any law or regulation of any Government, or any act or
condition whatsoever beyond the reasonable control of the Parties, such Party shall be exempted from such performance to the extent of such prevention, restriction, or interference, provided, however, that such Party shall give notice in writing
within a period of 15 (fifteen) days from the date of occurrence of such event, providing a description of the said event to the other Party in such notice. 

  

	23.3	In the event of the occurrence of any event as described in the preceding paragraphs, or in any other similar situation, which prevents the Lessee from carrying on its business activities from the Demised Premises, it
shall have the option to forthwith terminate this Lease Deed, and the Lessors shall, jointly and severally, forthwith refund the Security Deposit to the Lessee. 

  
 Page 18 

	23.4	Any dispute arising in relation to this Clause 24 shall be a dispute within the meaning of Clause 27 (Dispute Resolution) herein. 

  

	24.	INSURANCE 

  

	24.1	The Lessors shall obtain and keep in force, adequate insurance cover to protect any loss and damage due to natural disasters, fire, acts of God, earthquake, storm, tempest, flood, war, acts of terrorism, riots, violence
of any army or a mob or other irresistible force or accident causing damage to the Demised Premises and the Building wherein the Demised Premises is situated or any other assets of the Lessors provided to the Lessee. 

 

	24.2	The Lessee shall insure all the equipment, furniture and fittings brought in by it, and all other Lessee Improvements, during the subsistence of the lease, against any loss and damage due to fire accident, theft,
robbery, civil commotion, riot, storm, tempest, flood or any inevitable accident or electrical short circuiting or any other irresistible force or an act of God. 

 

	25.	GOVERNING LAW 

 The validity, construction and performance of this Lease Deed shall be
governed, construed and the legal relations between the Parties shall be determined in accordance with the laws of India. 
  

	26.	DISPUTE RESOLUTION 

  

	26.1	Except as otherwise specifically provided in this Lease Deed, the following provisions apply if any dispute or difference arises between the Parties arising out of or relating to the lease of the Demised Premises (the
“Dispute”). A Dispute will be deemed to arise when one Party serves on the other Party a notice in writing stating the nature of the Dispute (the “Notice of Dispute”). The Parties hereto agree that they shall use
all reasonable efforts to resolve between themselves, any Disputes through negotiations. 

  

	26.2	Any Disputes and differences whatsoever arising under this Lease Deed, including the enforcement of the rights, duties, powers and obligations conferred under this Lease Deed, which could not be settled by the Parties
through negotiations, after the period of 30 (thirty) Business Days from the service of the Notice of Dispute, shall be finally settled by arbitration by a sole arbitrator to be appointed by the Parties on mutual consent in accordance with the
Arbitration and Conciliation Act, 1996. 

  

	26.3	All arbitration proceedings shall be conducted in English and a daily transcript in English shall be prepared. The venue of arbitration shall be Bangalore, India. 

 

	26.4	The order of the arbitrator shall be final and binding on both Parties. 

  
 Page 19 

	26.5	Subject to the preceding paragraphs, the courts in Bangalore shall have exclusive jurisdiction over any dispute, differences or claims arising out of this Lease Deed. 

 

	27.	NOTICES 

  

	27.1	Any notice, information, intimation, or document required or authorised by this Lease Deed, shall be given in writing in English and shall be deemed to have been duly given or delivered to the other party:

  

	 	(a)	Upon delivery by hand at the addresses referred to herein below and obtaining written acknowledgement in receipt thereof; or 

  

	 	(b)	Upon sending it by a recognized courier to the other Party at the addresses referred to herein below; or 

  

	 	(c)	Upon sending it by registered post acknowledgement due (RPAD) to the relevant Party at the address referred to herein below; or 

  

	 	(d)	Upon sending it by facsimile to the number provided by the Parties hereunder; or 

  

	 	(e)	Upon sending it by electronic mail at the e-mail address provided by the Parties in this Lease Deed. 

Provided further that, that where more than one of the modes specified above are adapted, consequent to which, more than one date/s is/are
available for deeming, the earliest among them shall be reckoned to be the deemed date. 
  

	27.2	The address and other details of the Parties for the purpose of communication, unless otherwise notified in writing to the other Party shall be as follows: 

LESSORS: 
 At the
addresses provided in this agreement 
 LESSEE: 

Nextlinx India Pvt Ltd, Prestige Al-Kareem, 3rd & 4th Floor, # 3, Edward Road, Bangalore — 560 052 
  

	28.	STAMP DUTY AND REGISTRATION CHARGES 

 It is agreed that all expenses towards stamp duty
and registration charges in relation to this Lease Deed shall be borne by the Lessee. The Parties agree that each Party shall bear its own legal costs arising out of the transactions contemplated herein. 

  
 Page 20 

	29.	CUSTODY 

 This Lease Deed shall be executed simultaneously in two counterparts, each of
which will be deemed an original, but all of which will constitute one and the same instrument. The Lessee shall retain one set and the Lessors shall retain the other set. 
  

	30.	ENTIRE AGREEMENT 

 This Lease Deed together with the Schedule and the Annexure hereto,
constitutes and contains the entire agreement and understanding between the Parties with respect to the subject matter hereof and supersedes all previous communications, negotiations, commitments, either oral or written between the Parties
respecting the subject matter hereof. 
  

	31.	AMENDMENTS 

 No part of this Lease Deed or the terms of the lease herein created shall be
amended, varied, substituted or changed in any manner except by a written instrument duly signed by the Parties hereto. 
  

	32.	SEVERABILITY 

 If for any reason whatsoever, any provision of this Lease Deed is or
becomes, or is declared by a court of competent jurisdiction to be, invalid, illegal or unenforceable, then the Parties will negotiate in good faith to agree on such provision to be substituted, which provisions shall, as nearly as practicable,
leave the Parties in the same or nearly similar position to that which prevailed prior to such invalidity, illegality or unenforceability. 
  

	33.	AUTHORITY 

 The Lessors hereby authorise the Confirming Party to represent them before
the Lessee in all matters pertaining to this Lease Deed, in the latter’s capacity as the authorised representative of the Lessors. For any and all support to the Lessee, whether administrative or otherwise, the Confirming Party hereby agrees
and accepts that it shall extend all such support and assistance for the entire Demised Premises belonging to the Lessors. It is hereby clarified that any obligation or agreement herein on the part of two or more Lessors shall bind each of them
jointly and severally. 

  
 Page 21 

 SCHEDULE 

DEMISED PREMISES 
 ALL THOSE UNITS
bearing Nos. 301, 301A, 301B, 302, 302A, 401, 402, 402A and 502 together admeasuring a super built-up area of 22,308 (twenty two thousand three hundred and eight) square feet, with 16 (sixteen) car parking spaces in the commercial building known as
PRESTIGE AL-KAREEM Edward Road, Civil Station, Corporation Division No. 72, Bangalore - 560 052 bounded on the: 
  

			
	North by:	  	 Edward Road

	South by:	  	 Kareem Towers, Municipal Nos. 19/5 & 19/6, Sampangiramaswamy Temple Street

	East by:	  	 Municipal No. 2 belonging to Mr. Natesan

	West by:	  	Municipal No. 4, D’Villa Apartments

 The area of the units and the car park attached thereto, together constituting the Demised Premises are as follows: 

 

									
	 SL
NO:
	  	 NAME OF THE LESSOR
	  	UNIT NOS.	  	Area in Square
Feet	  	Car Parks
	1	  	Irfan Basheer	  	301	  	1625	  	2
	2	  	Mirza Mohammed Mehdi & Syed Hussain Razvi	  	302	  	2870	  	2
	3	  	Masood Kareem	  	302A	  	500	  	
	4	  	Imran Sayeed	  	302A	  	500	  	
	5	  	Haseeb Khader alias Abdul Kareem	  	302A	  	500	  	
		  		  	401	  	4870	  	5
	6	  	Mohammed Basheer Sait & Sayeeda Basheer	  	302A	  	500	  	
	7	  	Najma Basheer	  	301A	  	1623	  	1
	8	  	Fazila Ahmed	  	301B	  	1623	  	1
	9	  	Irfan Razack	  	402	  	2435	  	2
	10	  	Rezwan Razack	  	402A	  	2435	  	2
	11	  	Altaf Jan	  	502	  	2827	  	1
		  		  		  	  
	  	  

		  	TOTAL	  		  	22,308	  	16 NOS
		  		  		  	  
	  	  

  
 Page 22 

 IN WITNESS WHEREOF THE PARTIES HERETO HAVE EXECUTED THIS LEASE DEED AT BANGALORE ON THE DAY AND YEAR FIRST ABOVE
WRITTEN. 
  

					
	Signed and delivered by the Lessors	  	 	  	Signed and delivered for and on behalf of the Lessee
			
	 1. Mr. Irfan Basheer
  

/s/ Irfan Basheer
	  		  	 M/S. NEXTLINX INDIA PRIVATE LIMITED by its authorized signatory, Mr. Amish Sheth

 
 /s/

			
	 2. Mr. Mirza Mohammed Mehdi
  

/s/ Mirza Mohammed Mehdi
	  		  	
			
	 3. Mr. Syed Hussain Razvi
  

/s/ Syed Hussain Razvi
	  		  	
			
	 4. Mr. Mohammed Masood Sait
  

/s/ Mohammed Masood Sait
	  		  	
			
	 5. Mr. Imran Sayeed
  

/s/ Imran Sayeed
	  		  	
			
	 6. Mr. Haseeb Khader
  

/s/ Haseeb Khader
	  		  	
			
	 7. Mr. Mohammed Basheer Sait
  

/s/ Mohammed Basheer Sait
	  		  	
			
	 8. Mrs. Najma Basheer
  

/s/ Najma Basheer
	  		  	
			
	 9. Mr. Irfan Razack
  

/s/ Irfan Razack
	  		  	
			
	 10. Mrs. Fazila Ahmed
  

/s/ Fazila Ahmed
	  		  	
			
	 11. Mr. Rezwan Razack
  

/s/ Rezwan Razack
	  		  	
			
	 12. Mr. Altaf Jan
  

/s/ Mr. Altaf Jan
	  		  	

  
 Page 23 

					
	Signed and delivered for and on behalf of the Confirming Party:	  		  	
			
	 M/S. PRESTIGE ESTATES PROJECTS PRIVATE LIMITED by its authorized signatory, Mr. Irfan Razack

 
	  		  	
	  
	  		  	
			
	WITNESSES:	  		  	
			
	1.	  		  	2.

  
 Page 24 

 ANNEXURE 

SCOPE OF COMMON MAINTENANCE SERVICES 
  

	 	•	 	Round-the-clock general security to the premises; 

  

	 	•	 	Maintenance and up keep of common areas; 

  

	 	•	 	Maintenance and up keep of landscaped area if provided; 

  

	 	•	 	Illumination of the yard, corridors and common areas; 

  

	 	•	 	Maintenance and operation of elevators of the building; 

  

	 	•	 	Maintenance and operation of bore wells, sumps, overhead tanks and related motors to ensure water supply if provided; 

  

	 	•	 	Maintenance and operation of generators for back up power; 

  

	 	•	 	Payment of water bills consumed for common areas; 

  

	 	•	 	Collection of electricity bills (HT) from KPTCL authorities and preparation and distribution of sub bills to occupants for their timely payment; 

 

	 	•	 	Payment of electricity bills for common services including elevators, pumps, motors and common area lighting of the building; 

  

	 	•	 	Provision of consumables and replacement of electrical fittings of common area; 

  

	 	•	 	Maintenance of common electrical installation; 

  

	 	•	 	Assistance in procuring additional power as per KPTCL norms and technical feasibility; 

  

	 	•	 	Parking management as per agreement and regulating vehicles within the premises; 

  

	 	•	 	Provisions of signage pertaining to common services; 

  

	 	•	 	Insurance of building (structure and common equipments only); 

  

	 	•	 	Periodical/ annual maintenance of the building like common area painting, repairs/ replacement of capital equipment/ major repairs etc., at cost to he shared by all owners as and when necessitated; and

  

	 	•	 	Any other services if feasible at cost. 

  
 Page 25EX-10.15

 Exhibit 10.15 
 OFFICE LEASE 
 at 

One Meadowlands Plaza 
 East Rutherford, New Jersey 07073 
 Between 

METROPOLITAN LIFE INSURANCE COMPANY (LANDLORD) 
 and 
 MANAGEMENT DYNAMICS, INC. (TENANT) 

DATED: October 5, 1998 

 ARTICLE ONE 
 BASIC LEASE PROVISIONS 
  

	1.01	BASIC LEASE PROVISIONS 

 In the event of any
conflict between these Basic Lease Provisions and any other Lease provision, such other Lease provision shall control. 
  

					
	(1)	  	BUILDING AND ADDRESS:	  	One Meadowlands Plaza
		  		  	East Rutherford, New Jersey 07073
			
	(2)	  	LANDLORD AND ADDRESS:	  	Metropolitan Life Insurance
		  		  	Company, a New York corporation
		  		  	c/o Cushman & Wakefield of New Jersey,
		  		  	Inc. at the Building, Suite 1100
			
	(3)	  	TENANT AND CURRENT ADDRESS:	  	
			
		  	 (a)    Name:
	  	Management Dynamics, Inc.
		  		  	One Meadowlands Plaza
		  		  	East Rutherford, New Jersey 07073
			
		  	 (b)    State of incorporation:
	  	New Jersey
		
	(4)	  	DATE OF LEASE: The date hereof
		
	(5)	  	LEASE TERM: Approximately five (5) years
		
	(6)	  	COMMENCEMENT DATE: The date hereof
		
	(7)	  	RENT COMMENCEMENT DATE: The forty third
(43rd) day subsequent to the Commencement
Date
		
	(8)	  	EXPIRATION DATE: December 31, 2003
		
	(9)	  	ANNUAL BASE RENT: One Hundred Three Thousand Seven Hundred Thirty Four Dollars ($103,734.00) payable in equal monthly installments of Eight Thousand Six Hundred Forty
Four Dollars Fifty Cents ($8,644.50)
		
	(10)	  	REAL ESTATE BROKER: CUSHMAN & WAKEFIELD OF NEW JERSEY, INC.
		
	(11)	  	RENTABLE AREA OF THE BUILDING: approximately 400,000 square feet
		
	(12)	  	RENTABLE AREA OF THE PREMISES: approximately 3,842 square feet
		
	(13)	  	SECURITY DEPOSIT: Seventeen Thousand Two Hundred Eight Nine Dollars ($17,289.00)
		
	(14)	  	FLOOR LOCATION OF PREMISES:
8th Floor
		
	(15)	  	TENANT’S SHARE: .096%
		
	(16)	  	TENANT’S USE OF PREMISES: General office use.

  
 - 2 -

	1.02	ENUMERATION OF EXHIBITS 

 The exhibits set forth
below and attached to this Lease are incorporated in this Lease by this reference: 
 EXHIBIT A. Plan of Premises 

EXHIBIT B. [Intentionally Omitted] 
 EXHIBIT C.
Building Specifications 
 EXHIBIT D. Rules and Regulations 
  

	1.03	DEFINITIONS 

 For purposes hereof, the following
terms shall have the following meanings: 
 AFFILIATE: Any corporation or other business entity which is currently owned or
controlled by, owns or controls, or is under common ownership or control with Tenant and the word “control” shall mean the ownership of not less then 50% of the outstanding common stock of the entity under control. 

ADJUSTMENT YEAR: The calendar year commencing January 1, 1999. 

BUILDING: The office building located at One Meadowlands Parkway, East Rutherford, New Jersey 07073. 

COMMENCEMENT DATE: The date specified in Section 1.01(6) as the Projected Commencement Date, unless changed by operation of Article
Two. 
 COMMON AREAS: All areas of the Real Property made available by Landlord from time to time for the general common use or
benefit of the tenants of the Building, and their employees and invitees, or the public, as such areas currently exist and as they may be changed from time to time. 
 DECORATION: Tenant Alterations which are cosmetic in natures and which do not require a building permit and which do not involve any of the structural elements of the Building, or any of the
Building’s systems, including, without limitation, its electrical, mechanical, plumbing, heating, ventilating, and air-conditioning, and security and life/safety systems. 
 DEFAULT RATE: Two percent (2%) above the rate then most recently publicly announced by The Chase Manhattan Bank, N.A. as its prime rate, as the same may fluctuate from time to time, but in no event
higher than the maximum rate permitted by law. 
 ENVIRONMENTAL LAWS: Any Law governing the use, storage, disposal or generation
of any Hazardous Material, including without limitation, the New Jersey Industrial Site Recovery Act and Spill Compensation and Control Act, the Federal Comprehensive Environmental Response Compensation and Liability Act of 1980, and the Resource
Conservation and Recovery Act of 1976, all as amended from time to time. 
 EXPIRATION DATE: The date specified in
Section 1.01(7) as the Projected Expiration Date unless changed by operation of Article Two. 
 FORCE MAJEURE: Any
accident, casualty, act of God, war or civil commotion, strike or labor troubles, or any cause whatsoever beyond the reasonable control of Landlord, including, but not limited to, energy shortages or governmental preemption in connection with a
national emergency, or by reason of government laws or any rule, order or regulation of any department or subdivision thereof or any governmental agency, or by reason of the conditions of supply and demand which have been or are affected by war or
other emergency. 
 HAZARDOUS MATERIAL: Such substances, materials and wastes which are or become regulated under any
Environmental Law; or which are or become classified as hazardous or toxic under any Environmental Law; and explosives and firearms, radioactive material, asbestos, and polychlorinated biphenyls. 

INDEMNITEES: Collectively, Landlord, any Mortgagee or ground lessor of the Property, the property manager and the leasing manager for the
Property and their respective directors, officers, agents and employees. 
 LAND: The parcels of real estate on which the
Building is located. 

  
 - 3 -

 LANDLORD WORK: None. Tenant has examined and inspected the Premises and Tenant agrees to
accept the Premises in their condition existing on the Commencement Date, including the fixtures affixed, and Tenant understands and agrees that no materials whatever are to be furnished by Landlord and no work whatever is to be performed by
Landlord in connection with the Premises or any part thereof. 
 LAWS: All laws, ordinances, rules, regulations, other
requirements, orders, rulings or decisions adopted or made by any governmental body, agency, department or judicial authority having jurisdiction over the Property, the Premises or Landlord’s or Tenant’s activities at the Premises and any
covenants, conditions or restrictions of record which affect the Property. 
 LEASE: This instrument and all exhibits and riders
attached hereto, as may be amended from time to time in accordance with the provisions contained in this Lease. 
 LEASE YEAR:
The twelve month period beginning on the first day of the first month following the Commencement Date (unless the Commencement Date is the first day of a calendar month in which case beginning on the Commencement Date), and each subsequent twelve
month, or shorter, period until the Expiration Date. 
 MONTHLY BASE RENT: The monthly rent specified in Section 1.01(8).

 MORTGAGEE: Any holder of a mortgage, deed of trust or other security instrument encumbering the Property or Landlord’s
interest therein. 
 NATIONAL HOLIDAYS: New Year’s Day, President’s Day, Memorial Day, Independence Day, Labor Day,
Thanksgiving Day and Christmas Day and other holidays recognized by Landlord and the janitorial and other unions servicing the Building in accordance with their contracts. 
 OPERATING EXPENSES: All costs, expenses and disbursements of every kind and nature which Landlord shall pay or become obligated to pay in connection with the ownership, management, operation, maintenance,
replacement and repair of the Property (including, without limitation, the amortized portion of any capital expenditure or improvement, together with interest thereon, and the costs of changing utility service providers). Operating Expenses shall
not include, (i) costs of alterations of the premises of tenants of the Building, (ii) costs of capital improvements to the Building (except for the amortized portion of capital improvements installed for the purpose of reducing or
controlling Operating Expenses or complying with applicable Laws), (iii) depreciation charges, (iv) interest and principal payments on loans (except for loans for capital improvements which Landlord is allowed to include in Operating
Expenses as provided above), (v) ground rental payments, (vi) real estate brokerage and leasing commissions, (vii) advertising and marketing expenses, (viii) costs of Landlord reimbursed by insurance proceeds, (ix) expenses
incurred in negotiating leases of other tenants in the Building or enforcing lease obligations of other tenants in the Building, including but not limited to rent concessions, legal fees, brokerage and advertising costs, space preparation costs
(including work letters) or relocation costs, (x) Landlord’s or Landlord’s property manager’s corporate general overhead or corporate general administrative expenses, (xi) all amounts for services or materials paid to
affiliates, subsidiaries or otherwise related entities to Landlord over and above current market amounts for the same services or materials, (xii) costs incurred in correcting defects to the Building or adding or deleting space from the
Building, (xiii) repairs to the Building necessitated by condemnation or casualty, (xiv) any expense included by Landlord as an Operating Expense to the extent chargeable to another property of Landlord, (xv) financing or refinancing
costs in connection with any mortgage, (xvi) costs for services provided to other tenants of the Building not provided to or available to Tenant, (xvii) costs incurred by Landlord in connection with a sale, transfer or other disposition of
the Building or portion thereof, (xviii) costs incurred in connection with enforcement of other tenant leases in the Building, (xix) costs for overtime services provided to another tenant in the Building, (xx) costs incurred in
connection with electrical surveys in the Building in connection with occupancy by others, (xxi) expenses incurred as a result of Landlord’s negligence or the negligence of Landlord’s agents, servants or employees, (xxiii) any
bad debt or rent loss or reserves for either, (xxiv) fines, penalties and other charges attributable to violations by Landlord of any other Building lease or agreement, (xxv) any amount for which Landlord is reimbursed by any source (other
than pursuant to an Operating Expense escalation provision in a lease), (xxvi) . If any Operating Expense, though paid in one year, relates to more than one calendar year, at option of Landlord such expense may be proportionately allocated
among such related calendar years, and (xxvii) Taxes. 

  
 - 4 -

 PREMISES: The space located in the Building described in Section 1.01(10) and depicted
on Exhibit A attached hereto. 
 PROPERTY: The Building, the Land, any other improvements located on the Land, including,
without limitation, any parking structures and the personal property, fixtures, machinery, equipment, systems and apparatus located in or used in conjunction with any of the foregoing. 

REAL PROPERTY: The Property excluding any personal property. 
 RENT: Collectively, Monthly Base Rent, Storage Space Rent, Rent Adjustments and Rent Adjustment Deposits, and all other charges, payments, late fees or other amounts required to be paid by Tenant under
this Lease. 
 RENTABLE AREA OF THE BUILDING: 400,000 square feet, which represents the sum of the rentable area of all office
space in Building. 
 RENTABLE AREA OF THE PREMISES: The amount of square footage set forth in 1.01(10). 

RENT ADJUSTMENT: Any amounts owed by Tenant for payment of Operating Expenses or Taxes. The Rent Adjustments shall be determined and paid
as provided in Article Four. 
 RENT ADJUSTMENT DEPOSIT: An amount determined and/or re-determined by
Landlord from time to time as being equal to one-twelfth (1/12th) of the estimated amount of Taxes and Operating Expenses owed by Tenant for an Adjustment Year. However, if any Mortgagee requires that Taxes be escrowed with it or paid at such times as would
require a larger Rent Adjustment Deposit than provided for in the preceding sentence, then Landlord may require that the Rent Adjustment Deposit be in an amount and paid at times which would enable Landlord to satisfy the requirements of such
Mortgagee. 
 SECURITY DEPOSIT: The funds specified in Section 1.01(11), if any, deposited by Tenant with Landlord as
security for Tenant’s performance of its obligations under this Lease. 
 STANDARD OPERATING HOURS: Monday through Friday
from 8:00 A.M. to 6:00 P.M., Saturday from 8:00 A.M. to 1:00 P.M., excluding National Holidays, provided however, subject to a force majeure event, Tenant shall have access to the Building and Premises seven (7) days a week, twenty four
(24) hours a day. 
 SUBSTANTIALLY COMPLETE: The completion of the Tenant Work, if any, except for minor insubstantial
details of construction, decoration or mechanical adjustments which remain to be done. 
 TAXES: All federal, state and local
governmental taxes, assessments and charges of every kind or nature, whether general, special, ordinary or extraordinary, which Landlord shall pay or become obligated to pay because of or in connection with the ownership, leasing, management,
control or operation of the Property or any of its components, or any personal property used in connection therewith, which shall also include any rental or similar taxes levied in lieu of or in addition to general real and/or personal property
taxes. For purposes hereof, Taxes for any year shall be Taxes which are assessed or become a lien during such year, whether or not such taxes are billed and payable in a subsequent calendar year. There shall be included in Taxes for any year the
amount of all fees, costs and expenses (including reasonable attorneys’ fees) paid by Landlord during such year in seeking or obtaining any refund or reduction of Taxes. Taxes for any year shall be reduced by the net amount of any tax refund
received by Landlord attributable to such year. If a special assessment payable in installments is levied against any part of the Property, Taxes for any year shall include only the installment of such assessment and any interest payable or paid
during such year. Taxes shall not include any federal or state corporate franchise, transfer, succession, inheritance, general income, gift or estate taxes, except that if a change occurs in the method of taxation resulting in whole or in part in
the substitution of any such taxes, or any other assessment, for any Taxes as above defined, such substituted taxes or assessments shall be included in the Taxes. 
 TENANT ADDITIONS: Collectively, Tenant Work and Tenant Alterations. 
 TENANT
ALTERATIONS: Any alterations, improvements, additions, 

  
 - 5 -

 installations or construction in or to the Premises or any Real Property systems serving the
Premises (whether done as part of Tenant Work); and any supplementary air-conditioning systems installed by Landlord or by Tenant at Landlord’s request pursuant to Section 6.01(b). 

TENANT WORK: All work installed or furnished to the Premises by Tenant. 

TENANT’S SHARE: The percentage specified in Section 1.01(13) which represents the ratio of the Rentable Area of the Premises to
the Rentable Area of the Building. 
 TERM: The term of this Lease commencing on the Commencement Date and expiring on the
Expiration Date. 
 TERMINATION DATE: The Expiration Date or such earlier date as this Lease terminates or Tenant’s right
to possession of the Premises terminates. 
 ARTICLE TWO 
 PREMISES, TERM AND FAILURE TO GIVE POSSESSION 
  

	2.01	LEASE OF PREMISES 

 Subject to the execution even
date herewith of a certain “Second Amendment To Agreement Of Lease” (the “Scitex Amendment”) by and between Landlord and Scitex America Corp. (“Scitex”) whereby, inter alia, a portion of the rentable area in the
Building leased to Scitex is being surrendered by Scitex and recaptured by Landlord, such portion being the area comprising the Premises, Landlord hereby leases to Tenant and Tenant hereby leases from Landlord the Premises for the Term and upon the
terms, covenants and conditions provided in this Lease. In the event Landlord delivers possession of the Premises to Tenant prior to the Commencement Date, Tenant shall be subject to all of the terms, covenants and conditions of this Lease (except
with respect to the payment of Rent) as of the date of such possession. 
  

	2.02	FAILURE TO GIVE POSSESSION 

 If Landlord shall be
unable to give possession of the Premises on the Projected Commencement Date by reason of the following: (i) the holding over or retention of possession of any tenant, tenants or occupants, or (ii) for any other reason, then Landlord shall
not be subject to any liability for the failure to give possession on said date. Under such circumstances the rent reserved and covenanted to be paid herein shall not commence until the Premises are made available to Tenant by Landlord, and no such
failure to give possession on the Commencement Date shall affect the validity of this Lease or the obligations of Tenant hereunder. At the option of Landlord to be exercised within thirty (30) days of the delayed delivery of possession to
Tenant, the Lease shall be amended so that the term shall be extended by the period of time possession is delayed. 
  

	2.04	AREA OF PREMISES 

 Landlord and Tenant agree that
for all purposes of this Lease the Rentable Area of the Premises and the Rentable Area of the Building as set forth in Article One are controlling, and are not subject to revision after the date of this Lease. 

 

	2.05	CONDITION OF PREMISES 

 Tenant represents and
warrants to Landlord that Tenant has leased the Premises after a full and complete examination, inspection and investigation thereof, as well as its present uses and non-uses, and accepts the same “AS IS” (including attached fixtures)
without any representation or warranty, expressed or implied, in fact or by law, by Landlord and without recourse to Landlord as to the nature, condition (including latent defects) or useability thereof or the use or uses to which the Premises or
any part thereof may be put. Tenant acknowledges, represents and warrants that neither Landlord, nor any agent or representative of Landlord, has made and does not make, and Tenant is not relying upon any representations or warranties as to the
physical condition, quality, value, utility or character or any other matter or thing relating to or affecting the Premises, including, without limitation, its usefulness for any particular purpose. 

  
 - 6 -

 ARTICLE THREE 
 RENT 
 Commencing the Rent Commencement Date, Tenant agrees to pay to Landlord at the office
specified in Section 1.01(2), or to such other persons, or at such other places designated by Landlord, without any prior demand therefor in immediately available funds and without any deduction, offset or abatement whatsoever, Rent, including,
without limitation, Monthly Base Rent and Rent Adjustments in accordance with Article Four, during the Term. Monthly Base Rent shall be paid monthly in advance on the first day of each month of the Term, except that the first installment of Monthly
Base Rent shall be paid by Tenant to Landlord on the Rent Commencement Date. Monthly Base Rent shall be prorated for partial months within the Term. Unpaid Rent shall bear interest at the Default Rate from the date due until paid. Tenant’s
covenant to pay Rent shall be independent of every other covenant in this Lease. 
 ARTICLE FOUR 

RENT ADJUSTMENTS AND PAYMENTS 
  

	4.01	RENT ADJUSTMENTS 

 Tenant shall pay to Landlord
Rent Adjustments during the Term as follows: 
 (i) The Rent Adjustment Deposit representing Tenant’s Share of Operating
Expenses and Taxes attributable to any Adjustment Year (or portion thereof) monthly during the Term at the time when the Monthly Base Rent is due except the first installment which shall be paid by Tenant to Landlord on the Rent Commencement Date;
and 
 (ii) Any Rent Adjustments due in excess of the Rent Adjustment Deposits in accordance with Section 4.02. 

 

	4.02	STATEMENT OF LANDLORD 

 As soon as feasible after
the expiration of each calendar year of this Lease, Landlord will furnish Tenant a statement (“Landlord’s Statement”) showing the following: 
 (i) Operating Expenses and Taxes for the Adjustment Year; 
 (ii) The amount of Rent
Adjustments due Landlord for the Adjustment Year, less credit for Rent Adjustment Deposits paid, if any; and 
 (iii) The Rent
Adjustment Deposit due monthly in the calendar year next following the Adjustment Year including the amount or revised amount due for months prior to the rendition of the statement. 
 Tenant shall pay to Landlord within ten (10) days after receipt of such statement any amounts for Rent Adjustments then due in accordance with Landlord’s Statement. Any amounts due from Landlord
to Tenant pursuant to this Section shall be credited to the Rent Adjustment Deposit next coming due, or refunded to Tenant if the Term has already expired provided Tenant, subject to applicable notice and cure periods, is not in default hereunder.
No interest or penalties shall accrue on any amounts which Landlord is obligated to credit to Tenant by reason of this Section 4.02. Landlord’s failure to deliver Landlord’s Statement or in computing the amount of the Rent Adjustments
shall not constitute a waiver by Landlord of its right to deliver such items nor constitute a release of Tenant’s obligations to pay such amounts. The Rent Adjustment Deposit shall be credited against Rent Adjustments due for the applicable
Adjustment Year. During the last complete calendar year or during any partial calendar year in which the Lease terminates, Landlord may include in the Rent Adjustment Deposit its estimate of Rent Adjustments which may not be finally determined until
after the termination of this Lease. Tenant’s obligation to pay Rent Adjustments survives the expiration or termination of the Lease. Notwithstanding the foregoing, in no event shall the sum of Monthly Base Rent and the Rent Adjustments be less
than the Monthly Base Rent payable. 

  
 - 7 -

	4.03	BOOKS AND RECORDS 

 Landlord shall maintain books
and records showing Operating Expenses and Taxes in accordance with sound accounting and management practices, consistently applied. Tenant or its representative (which representative shall be a certified public accountant licensed to do business in
the state in which the Property is located) shall have the right, for a period of thirty (30) days following the date upon which Landlord’s Statement is delivered to Tenant, to examine Landlord’s books and records with respect to the
items in the foregoing statement of Operating Expenses and Taxes during normal business hours, upon written notice, delivered at least three (3) business days in advance. If Tenant does not object in writing to Landlord’s Statement within
sixty (60) days of Tenant’s receipt thereof, specifying the nature of the item in dispute and the reasons therefor, then Landlord’s Statement shall be considered final and accepted by Tenant. Any amount due to Landlord as shown on
Landlord’s Statement, whether or not disputed by Tenant as provided herein shall be paid by Tenant when due as provided above, without prejudice to any such written exception. 

 

	4.04	PARTIAL OCCUPANCY 

 For purposes of determining
Rent Adjustments for any Adjustment Year if the Building is not fully rented during all or a portion of any year, Landlord may make appropriate adjustments to the Operating Expenses for such Adjustment Year employing sound accounting and management
principles consistently applied, to determine the amount of Operating Expenses that would have been paid or incurred by Landlord had the Building been 95% occupied, and the amount so determined shall be deemed to have been the amount of Operating
Expenses for such Adjustment Year. In the event that the Real Property is not fully assessed for any year, then Taxes shall be adjusted to an amount which would have been payable in such year if the Real Property had been fully assessed, as
determined by Landlord in its reasonable judgment. In the event any other tenant in the Building provides itself with a service which Landlord would supply under the Lease without an additional or separate charge to Tenant, then Operating Expenses
shall be deemed to include the cost Landlord would have incurred had Landlord provided such service to such other tenant. 

ARTICLE FIVE 

SECURITY DEPOSIT 
 Tenant
concurrently with the execution of this Lease shall pay to Landlord the Security Deposit. The Security Deposit may be applied by Landlord to cure any default of Tenant under this Lease, and upon notice by Landlord of such application, Tenant shall
replenish the Security Deposit in full by paying to Landlord within ten (10) days of demand the amount so applied. Landlord shall not pay any interest on the Security Deposit. The Security Deposit shall not be deemed an advance payment of Rent,
nor a measure of damages for any default by Tenant under this Lease, nor shall it be a bar or defense of any action which Landlord may at any time commence against Tenant. In the absence of evidence satisfactory to Landlord of an assignment of the
right to receive the Security Deposit or the remaining balance thereof, Landlord may return the Security Deposit to the original Tenant, regardless of one or more assignments of this Lease. Upon the transfer of Landlord’s interest under this
Lease, Landlord’s obligation to Tenant with respect to the security deposit shall terminate upon assumption of such obligation by the transferee. Further, to the extent Landlord maintains tenant security deposits for the Building in an interest
bearing account, the Security Deposit will be similarly maintained with interest credited to Tenant to the same extent interest is credited to other tenants. 
 If Tenant shall fully and faithfully comply with all the terms, provisions, covenants, and conditions of this Lease, the Security Deposit, or any balance thereof, shall be returned to Tenant after the
following: 
 (a) the expiration of the Term of this Lease; 

(b) the removal of Tenant and its property from the Premises; 
 (c) the surrender of the Premises by Tenant to Landlord in accordance with this Lease; and 
 (d) the payment by Tenant of any outstanding Rent, including, without limitation, all Rent 
 Adjustments due pursuant to the Lease as computed by Landlord. 

  
 - 8 -

 ARTICLE SIX 
 SERVICES 
  

	6.01	LANDLORD’S GENERAL SERVICES 

(a) So long as the Lease is in full force and effect and Tenant has paid all Rent then due, Landlord shall furnish the following services:

  

	(1)	heat, ventilation and air-conditioning in the Premises during Standard Operating Hours, as necessary in Landlord’s reasonable judgment for the comfortable
occupancy of the Premises under normal business operations, subject to compliance with all applicable voluntary and mandatory Laws; 

  

	(2)	tempered and cold water for use in lavatories in common with other tenants from the regular supply of the Building; 

 

	(3)	customary cleaning and janitorial services in the Premises five (5) days per week, excluding National Holidays; 

 

	(4)	washing of the outside windows in the Premises, weather permitting, at intervals determined by Landlord; and 

 

	(5)	automatic passenger elevator service in common with other tenants of the Building and freight elevator service subject to reasonable scheduling by Landlord and payment
of Landlord’s standard charges, as adopted from time to time. 

 (b) Wherever heat generating machines or
equipment are used by Tenant in the Premises, the following additional provisions shall apply: 
  

	(1)	If the use of such machinery exceeds the limits established in Exhibit C thereby affecting the temperature otherwise maintained by the air-cooling system or
whenever the occupancy or electrical load exceeds the standards set forth in Exhibit C, Landlord reserves the right to install or to require Tenant to install supplementary air-conditioning units in the Premises. Tenant shall bear all costs and
expenses related to the installation, maintenance, repair and operation of such units. 

  

	(2)	Tenant shall pay Landlord at rates fixed by Landlord for all tenants in the Building, charges for all water furnished to the Premises for purposes other than general
office use, including the expenses of installation of a water line, meter and fixtures. 

  

	6.02	ELECTRICAL SERVICES 

 (a) The
electricity used during the performance of janitorial service or the making of alterations or repairs in the Premises by Landlord shall be paid by Tenant. Tenant also agrees to purchase from Landlord or its agents at competitive prices fixed by
Landlord for all tenants in the Building all lamps, bulbs, ballasts and starters used in the Premises, and to pay a reasonable installation charge for any such items installed by Landlord at Tenant’s request. Landlord reserves the right to
provide electricity to Tenant and in such event Tenant agrees to purchase electricity from Landlord at Landlord’s then current charges. Tenant shall make no alterations or additions to the electric equipment or systems without the prior written
consent of Landlord in each instance. 
 (b) If Premises are separately metered, Tenant shall make all necessary arrangements
with the utility provider chosen by Landlord for furnishing, metering and paying for electricity furnished by it to Tenant and consumed on the Premises. Landlord shall permit Landlord’s wire and conduits, to the extent available and safely
capable, to be used for such purposes. 
 (c) If the Premises are not separately metered for any reason, Tenant shall pay
Landlord as additional Rent, in monthly installments at the time prescribed for monthly installments of Monthly Base Rent, an amount, reasonably estimated by Landlord from time to time, which Tenant would pay for such electricity

  
 - 9 -

 
if the same were separately metered to the Premises by the utility provider chosen by Landlord and billed to Tenant at such utility provider’s then current rates. As of the date hereof,
Landlord and Tenant acknowledge and agree that such charge for electricity is equal to One Dollar Thirty Five Cents ($1.35) per rentable square foot of the Premises 
  

	6.03	ADDITIONAL AND AFTER-HOUR SERVICES 

 At
Tenant’s request, Landlord shall furnish additional quantities of any of the services or utilities specified in Section 6.01, if Landlord can reasonably do so, on the terms set forth herein. Tenant shall deliver to Landlord a written
request for such additional services or utilities prior to 2:00 P.M. on Monday through Friday (except National Holidays) for service on those days, and prior to 2:00 P.M. on the last business day prior to Saturday, Sunday or a National Holiday. For
services or utilities requested by Tenant and furnished by Landlord, Tenant shall pay to Landlord as a charge therefor Landlord’s prevailing rates for such services and utilities. If Tenant shall fail to make any such payment, Landlord may,
upon notice to Tenant and in addition to Landlord’s other remedies under this Lease, discontinue any or all of such additional services. 
  

	6.04	TELEPHONE SERVICES 

 All telegraph, telephone,
and electric connections which Tenant may desire shall be first reasonably approved by Landlord in writing, before the same are installed, and the location of all wires and the work in connection therewith shall be performed by contractors approved
by Landlord and shall be subject to the direction of Landlord. Landlord reserves the right to designate and control the entity or entities providing telephone or other communication cable installation, repair and maintenance in the Building and to
restrict and control access to telephone cabinets. In the event Landlord designates a particular vendor or vendors to provide such cable installation, repair and maintenance for the Building, Tenant agrees to abide by and participate in such
program. Tenant shall be responsible for and shall pay all reasonable costs incurred in connection with the installation of telephone cables and related wiring in the Premises, including, without limitation, any hook-up, access and maintenance fees
related to the installation of such wires and cables in the Premises and the commencement of service therein, and the maintenance thereafter of such wire and cables; and there shall be included in Operating Expenses for the Building all
installation, hook-up or maintenance costs incurred by Landlord in connection with telephone cables and related wiring in the Building which are not allocable to any individual users of such service but are allocable to the Building generally. If
Tenant fails to maintain all telephone cables and related wiring in the Premises and such failure affects or interferes with the operation or maintenance of any other telephone cables or related wiring in the Building, Landlord or any vendor hired
by Landlord may enter into and upon the Premises forthwith and perform such repairs, restorations or alterations as Landlord deems necessary in order to eliminate any such interference (and Landlord may recover from Tenant all of Landlord’s
reasonable costs in connection therewith). Upon the Termination Date, Tenant agrees to remove all telephone cables and related wiring installed by Tenant for and during Tenant’s occupancy, which Landlord shall request Tenant to remove. Tenant
agrees that neither Landlord nor any of its agents or employees shall be liable to Tenant, or any of Tenant’s employees, agents, customers or invitees or anyone claiming through, by or under Tenant, for any damages, injuries, losses, expenses,
claims or causes of action because of any interruption, diminution, delay or discontinuance at any time for any reason in the furnishing of any telephone service to the Premises and the Building. 

 

	6.05	DELAYS IN FURNISHING SERVICES 

 Tenant agrees
that Landlord shall not be in breach of this Lease nor be liable to Tenant for damages or otherwise, for any failure to furnish, or a delay in furnishing, or a change in the quantity or character of any service when such failure, delay or change is
occasioned, in whole or in part, by repairs, improvements or mechanical breakdowns by the act or default of Tenant or other parties or by an event of Force Majeure. No such failure, delay or change shall be deemed to be an eviction or disturbance of
Tenant’s use and possession of the Premises, or relieve Tenant from paying Rent or from performing any other obligations of Tenant under this Lease, without any deduction or offset. Failure to any extent to make available, or any slowdown,
stoppage, or interruption of, the specified utility services resulting from any cause, including, without limitation, changes in service provider or Landlord’s compliance with any voluntary or similar governmental or business guidelines now or
hereafter published or any requirements now or hereafter established by any governmental agency, board, or bureau having jurisdiction over the operation of the Building shall not render Landlord liable in any respect for damages to either persons,
property, or business, nor be construed as an eviction of Tenant or work an abatement of Rent, nor relieve Tenant of Tenant’s obligations for 

  
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fulfillment of any covenant or agreement hereof. Should any equipment or machinery furnished by Landlord break down or for any cause cease to function properly, Landlord shall use reasonable
diligence to repair same promptly, but Tenant shall have no claim for abatement of Rent or damages on account of any interruption of service occasioned thereby or resulting therefrom. In no event shall Landlord be liable to Tenant for any
consequential damages. Notwithstanding the foregoing, however, in the event services supplied by Landlord are interrupted, suspended or materially curtailed, Landlord agrees to use due diligence and commercially reasonable efforts to restore such
services as promptly as possible further provided that in the event the interruption, suspension or curtailment is the result of Landlord’s act, and Tenant cannot use or enjoy the Premises and conduct business therefrom as contemplated by this
Lease for five (5) consecutive business days after written notice thereof to Landlord, Tenant’s Annual Base Rent shall be suspended until the Premises are again available for Tenant to use and enjoy and conduct business. 

 

	6.06	CHOICE OF SERVICE PROVIDER 

 Tenant acknowledges
that Landlord may, at Landlord’s sole option, to the extent permitted by applicable law, elect to change, from time to time, the company or companies which provide services (including, without limitation, electrical service, gas service, water
and technical services) to the Building, the Premises and/or its occupants. Landlord shall endeavor to give Tenant not less than thirty (30) days notice of any scheduled change. Notwithstanding anything to the contrary set forth in this Lease,
Tenant acknowledges that Landlord has not and does not make any representations or warranties concerning the identity or identities of the company or companies which provide services to the Building and the Premises or its occupants and Tenant
acknowledges that the choice of service providers and matters concerning the engagement and termination thereof shall be solely that of Landlord. The foregoing provision is not intended to modify, amend, change or otherwise derogate any provision of
this Lease concerning the nature or type of service to be provided or any specific information concerning the amount thereof to be provided. Tenant agrees to cooperate with Landlord and each of its service providers in connection with any change in
service or provider. 
 ARTICLE SEVEN 
 POSSESSION, USE AND CONDITION OF PREMISES 
  

	7.01	POSSESSION AND USE OF PREMISES 

(a) Tenant shall be entitled to possession of the Premises on the Commencement Date. Tenant shall occupy and use the Premises only for the
uses specified in Section 1.01(14) to conduct Tenant’s business. Tenant shall not occupy or use the Premises (or permit the use or occupancy of the Premises) for any purpose or in any manner which: (1) is unlawful or in violation of
any Law or Environmental Law; (2) may be dangerous to persons or property or which may increase the cost of, or invalidate, any policy of insurance carried on the Building or covering its operations; (3) is contrary to or prohibited by the
terms and conditions of this Lease or the rules and regulations of the Building set forth in Article Eighteen; or (4) would tend to create or continue a nuisance. 
 (b) Tenant and Landlord shall each comply with all Environmental Laws concerning the proper storage, handling and disposal of any Hazardous Material with respect to the Property. Tenant shall not
generate, store, handle or dispose of any Hazardous Material in, on, or about the Property without the prior written consent of Landlord. In the event that Tenant is notified of any investigation or violation of any Environmental Law arising from
Tenant’s activities at the Premises, Tenant shall immediately deliver to Landlord a copy of such notice. In such event or in the event Landlord reasonably believes that a violation of Environmental Law exists, Landlord may conduct such tests
and studies relating to compliance by Tenant with Environmental Laws or the alleged presence of Hazardous Materials upon the Premises as Landlord deems desirable, all of which shall be completed at Tenant’s expense. Landlord’s inspection
and testing rights are for Landlord’s own protection only, and Landlord has not, and shall not be deemed to have assumed any responsibility to Tenant or any other party for compliance with Environmental Laws, as a result of the exercise, or
non-exercise of such rights. Tenant shall indemnify, defend, protect and hold harmless the Indemnitees from any and all loss, claim, expense, liability and cost (including attorneys’ fees) arising out of or in any way related to the presence of
any Hazardous Material introduced to the Premises during the Lease Term by any party other than Landlord. If any Hazardous Material is released, discharged or disposed of on or about the Property and such release, discharge or disposal is not caused
by Tenant or other occupants of the Premises, or their employees, agents or contractors, such release, discharge or disposal shall be deemed casualty damage under Article Fourteen to the extent that the Premises are affected thereby; in such case,
Landlord and Tenant shall have the obligations and rights respecting such casualty damage provided under such Article. 

  
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 (c) Landlord and Tenant acknowledge that the Americans With Disabilities Act of 1990 (42
U.S.C. §12101 et seq.) and regulations and guidelines promulgated thereunder, as all of the same may be amended and supplemented from time to time (collectively referred to herein as the “ADA”) establish requirements for business
operations, accessibility and barrier removal, and that such requirements may or may not apply to the Premises and the Property depending on, among other things: (1) whether Tenant’s business is deemed a “public accommodation” or
“commercial facility”, (2) whether such requirements are “readily achievable”, and (3) whether a given alteration affects a “primary function area” or triggers “path of travel” requirements. The
parties hereby agree that: (a) Landlord shall be responsible for ADA Title III compliance in the Common Areas, except as provided below, (b) Tenant shall be responsible for ADA Title III compliance in the Premises, including any leasehold
improvements or other work to be performed in the Premises under or in connection with this Lease, (c) Landlord may perform, or require that Tenant perform, and Tenant shall be responsible for the cost of, ADA Title III “path of
travel” requirements triggered by alterations in the Premises, and (d) Landlord may perform, or require Tenant to perform, and Tenant shall be responsible for the cost of, ADA Title III compliance in the Common Areas necessitated by the
Building being deemed to be a “public accommodation” instead of a “commercial facility” as a result of Tenant’s use of the Premises. Tenant shall be solely responsible for requirements under Title I of the ADA relating to
Tenant’s employees. 
  

	7.02	LANDLORD ACCESS TO PREMISES; APPROVALS 

 (a) Tenant shall permit Landlord to erect, use and maintain pipes, ducts, wiring and conduits in and through the Premises, so long as Tenant’s use, layout or design of the Premises is not materially
affected or altered. Landlord or Landlord’s agents shall have the right to enter upon the Premises in the event of an emergency, or to inspect the Premises, to perform janitorial and other services, to conduct safety and other testing in the
Premises and to make such repairs, alterations, improvements or additions to the Premises or the Building or other parts of the Property as Landlord may deem necessary or desirable (including, without limitation, all alterations, improvements and
additions in connection with a change in service provider or providers). Janitorial and cleaning services shall be performed after normal business hours. Any entry or work by Landlord may be during normal business hours (except in the event of an
emergency with respect to which any entry or work may be done at any time) and Landlord shall use commercially reasonable efforts to ensure that any entry or work shall not materially interfere with Tenant’s occupancy of the Premises, except in
cases of an emergency. Landlord shall also use commercially reasonable efforts to ensure that any installations made by Landlord within the Premises, including but not limited to piping, are concealed or boxed. 

(b) If Tenant shall not be personally present to permit an entry into the Premises when for any reason an entry therein shall be
necessary or permissible, Landlord (or Landlord’s agents), after attempting to notify Tenant (unless Landlord believes an emergency situation exists), may enter the Premises without rendering Landlord or its agents liable therefor (if during
such entry Landlord or Landlord’s agent shall accord reasonable care to Tenant’s property), and without relieving Tenant of any obligations under this Lease. 
 (c) Upon reasonable advance notice to Tenant, and if reasonably feasable, with a representative of Tenant present (other than in an emergency), Landlord may enter the Premises for the purpose of
conducting such inspections, tests and studies as Landlord may deem desirable or necessary to confirm Tenant’s compliance with all Laws and Environmental Laws or for other purposes necessary in Landlord’s reasonable judgment to ensure the
sound condition of the Property and the systems serving the Property. Landlord’s rights under this Section 7.02(c) are for Landlord’s own protection only, and Landlord has not, and shall not be deemed to have assumed any
responsibility to Tenant or any other party as a result of the exercise or non-exercise of such rights, for compliance with Laws or Environmental Laws. 
 (d) Landlord may do any of the foregoing, or undertake any of the inspection or work described in the preceding paragraphs without such action constituting an actual or constructive eviction of Tenant, in
whole or in part, or giving rise to an abatement of Rent by reason of loss or interruption of business of Tenant, or otherwise. 

  
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	7.03	QUIET ENJOYMENT 

 Landlord covenants that so long
as Tenant is in compliance with the covenants and conditions set forth in this Lease, Tenant shall have the right to quiet enjoyment of the Premises without hindrance or interference from Landlord or those claiming through Landlord, and subject to
the rights of any Mortgagee or ground lessor. 
  

	7.04	COMPLIANCE WITH LAWS 

 Tenant shall comply with
and execute at its own expense during and throughout the term of this Lease, all Laws, ordinary or extraordinary, foreseen or unforeseen, concerning the Premises, its occupancy or use thereof, or its physical condition, however, Landlord agrees that
unless a requirement is imposed that is caused by Tenant’s specific use or specific manner of use of the Premises or from an alteration performed by Tenant, Tenant shall have no obligation hereunder to perform any alterations to the Premises
which are required to be made on a Building-wide basis in order to comply with laws, orders, or regulations of governmental authorities, or any directives of a public officer. Further, Landlord agrees that it shall cure any violation affecting the
Premises or the Building that, as a result of Landlord’s act, would prevent or postpone Tenant from pursuing Tenant’s Work or Tenant’s use and enjoyment of the Premises as contemplated by the Lease. Landlord also agrees that it will,
using diligent and commercially reasonable efforts, seek to cause to be cured any violation affecting the Premises or the Building resulting from the act of another, other than Tenant. 

 

	7.05	PERMITS 

 Notwithstanding anything to the
contrary contained in this Lease, Tenant shall be responsible, at Tenant’s expense, for obtaining any and all licenses, permits, authorization and approvals which may be required by any Law to be obtained for the proper and lawful conduct of
Tenant’s business in the Premises. 
 ARTICLE EIGHT 
 MAINTENANCE 
  

	8.01	LANDLORD’S MAINTENANCE 

 Subject to the
provisions of Article Fourteen, Landlord shall maintain and make necessary repairs to the foundations, roofs, exterior walls, and the structural elements of the Building, the electrical, plumbing, heating, ventilating, and air-conditioning,
mechanical, communication, security and the fire and life safety systems of the Building and those corridors, washrooms and lobbies which are Common Areas of the Building, except that: (a) Landlord shall not be responsible for the maintenance
or repair of any floor or wall coverings in the Premises or any of such systems which are located within the Premises and are supplemental or special to the Building’s standard systems; and (b) the cost of performing any of said
maintenance or repairs whether to the Premises or to the Building caused by the negligence of Tenant, its employees, agents, servants, licensees, subtenants, contractors or invitees, shall be paid by Tenant, subject to the waivers set forth in
Section 16.04. Landlord shall not be liable to Tenant for any expense, injury, loss or damage resulting from work done in or upon, or in connection with the use of, any adjacent or nearby building, land, street or alley. 

 

	8.02	TENANT’S MAINTENANCE 

 Subject to the
provisions of Article Fourteen, Tenant, at its expense, shall keep and maintain the Premises and all Tenant Additions in good order, condition and repair and in accordance with all Laws and Environmental Laws. Tenant shall not permit waste and shall
promptly and adequately repair all damages to the Premises and replace or repair all damaged or broken glass in the interior of the Premises, fixtures or appurtenances. Any repairs or maintenance shall be completed with materials of similar quality
to the original materials, all such work to be completed under the supervision of Landlord. Any such repairs or maintenance shall be performed only by contractors or mechanics approved by Landlord, which approval shall not be unreasonably withheld,
and whose work will not cause or threaten to cause disharmony or interference with Landlord or other tenants in the Building and their respective agents and contractors performing work in or about the Building. If Tenant fails to perform any of its
obligations set forth in this Section 8.02, Landlord may, in its sole discretion and upon 72 hours prior notice to Tenant (except without notice in the case of emergencies), perform the same, and Tenant shall pay to Landlord any reasonable
costs or expenses incurred by Landlord upon demand. 

  
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 ARTICLE NINE 
 ALTERATIONS AND IMPROVEMENTS 
  

	9.01	TENANT’S ALTERATIONS 

 (a)
The following provisions shall apply to the completion of any Tenant Alterations: 
  

	(1)	Tenant shall not, except as provided herein, without the prior written consent of Landlord, which consent shall not be unreasonably withheld, make or cause to be made
any Tenant Alterations in or to the Premises or any Property systems serving the Premises. Prior to making any Tenant Alterations, Tenant shall give Landlord ten (10) days prior written notice (or such earlier notice as would be necessary
pursuant to applicable Law) to permit Landlord sufficient time to post appropriate notices of non-responsibility. Subject to all other requirements of this Article Nine, Tenant may undertake Decoration work without Landlord’s prior written
consent. Tenant shall furnish Landlord with the names and addresses of all contractors and subcontractors and copies of all contracts. All Tenant Alterations shall be completed at such time and in such manner as Landlord may from time to time
designate, and only by contractors or mechanics approved by Landlord, which approval shall not be unreasonably withheld, and whose work will not cause or threaten to cause disharmony or interference with Landlord or other tenants in the Building and
their respective agents and contractors performing work in or about the Building. Landlord may further condition its consent upon Tenant furnishing to Landlord and Landlord approving prior to the commencement of any work or delivery of materials to
the Premises related to the Tenant Alterations such of the following as specified by Landlord: architectural plans and specifications, opinions from engineers reasonably acceptable to Landlord stating that the Tenant Alterations will not in any way
adversely affect the Building’s systems, including, without limitation, the mechanical, heating, plumbing, security, ventilating, air-conditioning, electrical, and the fire and life safety systems in the Building, necessary permits and
licenses, certificates of insurance, and such other documents in such form reasonably requested by Landlord. Landlord may, in the exercise of reasonable judgment, request that Tenant provide Landlord with appropriate evidence of Tenant’s
ability to complete and pay for the completion of the Tenant Alterations such as a performance bond or letter of credit. Upon completion of the Tenant Alterations, Tenant shall deliver to Landlord an as-built mylar and digitized (if available) set
of plans and specifications for the Tenant Alterations. 

  

	(2)	Tenant shall pay the cost of all Tenant Alterations and the cost of decorating the Premises and any work to the Property occasioned thereby. In connection with
completion of any Tenant Alterations, other than Tenant Alterations made for Tenant’s initial use and occupancy of the Premises when no construction fee shall be required, Tenant shall pay Landlord a construction fee [at then prevailing
rates for comparable jobs at comparable buildings in Northern New Jersey but in no event to exceed four (4%) percent of any such Tenant Alteration] and all elevator and hoisting charges at Landlord’s then standard rate. Upon completion of
Tenant Alterations, Tenant shall furnish Landlord with contractors’ affidavits and full and final waivers of lien and receipted bills covering all labor and materials expended and used in connection therewith and such other documentation
reasonably requested by Landlord or any Mortgagee. 

  

	(3)	Tenant agrees to complete all Tenant Alterations (i) in accordance with all Laws, Environmental Laws, all requirements of applicable insurance companies and in
accordance with Landlord’s standard construction rules and regulations, and (ii) in a good and workmanlike manner with the use of good grades of materials. Tenant shall notify Landlord immediately if Tenant receives any notice of violation
of any Law in connection with completion of any Tenant Alterations and shall immediately take such steps as are necessary to remedy such violation. In no event shall such supervision or right to supervise by Landlord nor shall any approvals given by
Landlord under this Lease constitute any warranty by Landlord to Tenant of the adequacy of the design, workmanship or quality of such work or materials for Tenant’s intended use or of compliance with the requirements of
Section 9.01(a)(3)(i) and (ii) above or impose any liability upon Landlord in connection with the performance of such work. 

 (b) All Tenant Additions whether installed by Landlord or Tenant, shall without compensation or credit to Tenant, become part of the Premises and the property of Landlord at the time of their installation
and shall remain in the Premises, unless pursuant to Article Twelve, Tenant may remove them or is required to remove them at Landlord’s request. 

  
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	9.02	LIENS 

 Tenant shall not permit any lien or claim
for lien of any mechanic, laborer or supplier or any other lien to be filed against the Building, the Land, the Premises, or any other part of the Property arising out of work performed, or alleged to have been performed by, or at the direction of,
or on behalf of Tenant. If any such lien or claim for lien is filed, Tenant shall within ten (10) days of receiving notice of such lien or claim (a) have such lien or claim for lien released of record or (b) deliver to Landlord a bond
in form, content, amount, and issued by surety, satisfactory to Landlord, indemnifying, protecting, defending and holding harmless the Indemnitees against all costs and liabilities resulting from such lien or claim for lien and the foreclosure or
attempted foreclosure thereof. If Tenant fails to take any of the above actions, Landlord, in addition to its rights and remedies under Article Eleven, without investigating the validity of such lien or claim for lien, may pay or discharge the same
and Tenant shall, as payment of additional Rent hereunder, reimburse Landlord upon demand for the amount so paid by Landlord, including Landlord’s expenses and attorneys’ fees. 

ARTICLE TEN 

ASSIGNMENT AND SUBLETTING 
  

	10.01	ASSIGNMENT AND SUBLETTING 

 (a)
Without the prior written consent of Landlord, which consent shall not be unreasonably withheld, Tenant may not sublease, assign, mortgage, pledge, hypothecate or otherwise transfer or permit the transfer of this Lease or the encumbering of
Tenant’s interest therein in whole or in part, by operation of law or otherwise or permit the use or occupancy of the Premises, or any part thereof, by anyone other than Tenant. If Tenant desires to enter into any sublease of the Premises or
assignment of this Lease, Tenant shall deliver written notice thereof to Landlord (“Tenant’s Notice”), together with the identity of the proposed subtenant or assignee and the proposed principal terms thereof and financial and other
information sufficient for Landlord to make an informed judgment with respect to such proposed subtenant or assignee at least sixty (60) days prior to the commencement date of the term of the proposed sublease or assignment. If Tenant proposes
to sublease less than all of the Rentable Area of the Premises, the space proposed to be sublet and the space retained by Tenant must each be a marketable unit as reasonably determined by Landlord and otherwise in compliance with all Laws. Landlord
shall notify Tenant in writing of its approval or disapproval of the proposed sublease or assignment or its decision to exercise its rights under Section 10.02 within thirty (30) days after receipt of Tenant’s Notice (and all required
information). In no event may Tenant sublease any portion of the Premises or assign the Lease to any other tenant of the Building. Tenant shall submit for Landlord’s approval (which approval shall not be unreasonably withheld) any advertising
which Tenant or its agents intend to use with respect to the space proposed to be sublet or assigned. 
 (b) With respect to
Landlord’s consent to an assignment or sublease, Landlord may take into consideration any factors which Landlord may deem relevant, and the reasons for which Landlord’s denial shall be deemed to be reasonable shall include, without
limitation, the following: 
 (i) the business reputation or creditworthiness of any proposed assignee is not acceptable to
Landlord; or 
 (ii) in Landlord’s reasonable judgment the proposed assignee or sublessee would diminish the value or
reputation of the Building or Landlord; or 
 (iii) any proposed assignee’s or sublessee’s use of the Premises would
violate Section 7.01 of the Lease or would violate the provisions of any other leases of tenants in the Building; or 

(iv) the proposed assignee or sublessee is either a governmental agency, a school or similar operation, or a medical related practice; or

 (v) the proposed sublessee or assignee is a bona fide prospective tenant of Landlord in the Building as demonstrated by a
written proposal dated within ninety (90) days prior to the date of Tenant’s request; or 
 (vi) the proposed
sublessee or assignee would materially increase the estimated pedestrian and vehicular traffic to and from the Premises and the Building. 

  
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 In no event shall Landlord be obligated to consider a consent to any proposed (i) sublease of the
Premises or assignment of the Lease if, subject to applicable notice and cure periods, a Default then exists under the Lease, or a fact or condition exists, which but for the giving of notice or the passage of time would constitute a Default, or
(ii) assignment of the Lease which would assign less than the entire Premises. In the event Landlord wrongfully withholds its consent to any proposed sublease of the Premises or assignment of the Lease, Tenant’s sole and exclusive remedy
therefor shall be to seek specific performance of Landlord’s obligations to consent to such sublease or assignment. 
 (c)
If Landlord chooses not to recapture the space proposed to be subleased or assigned as provided in Section 10.02, Landlord shall not unreasonably withhold its consent to a subletting or assignment under this Section 10.01. Any approved
sublease or assignment shall be expressly subject to the terms and conditions of this Lease. Any such subtenant or assignee shall execute such documents as Landlord may reasonably require to evidence such subtenant or assignee’s assumption of
such obligations and liabilities. Tenant shall deliver to Landlord a copy of all agreements executed by Tenant and the proposed subtenant and assignee with respect to the Premises. Landlord’s approval of a sublease or assignment shall not
constitute a waiver of Tenant’s obligation to obtain Landlord’s consent to further assignments or subleases. 
 (d)
For purposes of this Article Ten, an assignment shall be deemed to include a change in the majority control of Tenant, resulting from any transfer, sale or assignment of shares of stock of Tenant occurring by operation of law or otherwise if Tenant
is a corporation whose shares of stock are not traded publicly. If Tenant is a partnership, any change in the partners of Tenant shall be deemed to be an assignment. 
 (e) Notwithstanding anything to the contrary contained in this Article Ten, Tenant shall have the right, without the prior written consent of Landlord, to sublease the Premises to an Affiliate or to
assign this Lease to an Affiliate or the assignment of this Lease or the sublease of the Premises to any successor to the business of Tenant by virtue of a merger, consolidation, sale of all or substantially all of Tenant’s assets or stock but
(i) no later than fifteen (15) days prior to the effective date of the assignment or sublease, the assignee or sublessee shall execute documents satisfactory to Landlord to evidence such subtenant or assignee’s assumption of the
obligations and liabilities of Tenant under this Lease, except in the case of any assignment which occurs by operation of law (and without a written assignment) as a consequence of merger, consolidation or non-bankruptcy reorganization;
(ii) within ten (10) days after the effective date of such assignment or sublease, give notice to Landlord which notice shall include the full name and address of the assignee or subtenant, and a copy of all agreements executed between
Tenant and the assignee or subtenant with respect to the Premises; and (iii) within fifteen (15) days after Landlord’s request, such documents or information which Landlord reasonably requests for the purpose of substantiating whether
or not the assignment or sublease is to an Affiliate. In the case of a permitted transfer pursuant to this clause (e), any subsequent transaction whereby such Affiliate of Tenant shall cease to be an Affiliate of Tenant shall, unless in connection
with another permitted transfer, constitute an assignment requiring Landlord’s prior written consent pursuant to this Article 10. 
  

	10.02	RECAPTURE 

 Except as provided in
Section 10.01(e) Landlord shall have the option to exclude from the Premises covered by this Lease (“recapture”), the space proposed to be sublet or subject to the assignment, effective as of the proposed commencement date of such
sublease or assignment. If Landlord elects to recapture, Tenant shall surrender possession of the space proposed to be subleased or subject to the assignment to Landlord on the effective date of recapture of such space from the Premises such date
being the Termination Date for such space. Effective as of the date of recapture of any portion of the Premises pursuant to this Section, the Monthly Base Rent, Rentable Area of the Premises and Tenant’s Share shall be adjusted accordingly.

  

	10.03	EXCESS RENT 

 Tenant shall pay Landlord on the
first day of each month during the term of the sublease or assignment, seventy-five percent (75%) of the amount by which the sum of all rent and other consideration (direct or indirect) due from the subtenant or assignee for such month exceeds:
(i) that portion of the Monthly Base Rent and Rent Adjustments due under this Lease for said month which is allocable to the space sublet or assigned; and (ii) the following costs and expenses for the subletting or assignment of such
space: (1) brokerage commissions and attorneys’ fees and expenses, (2) advertising for subtenants or assignees; (3) the actual costs paid in making any improvements or 

  
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substitutions in the Premises required by any sublease or assignment; and (4) “free rent” periods, costs of any inducements or concessions given to subtenant or assignee, moving
costs, and other amounts in respect of such subtenant’s or assignee’s other leases or occupancy arrangements. All such costs will be amortized over the term of the sublease or assignment pursuant to sound accounting principles. 

 

	10.04	TENANT LIABILITY 

 In the event of any sublease
or assignment, whether or not with Landlord’s consent, Tenant shall not be released or discharged from and shall remain jointly and severally primarily liable for any liability, whether past, present or future, under this Lease, including any
liability arising from the exercise of any renewal or expansion option, to the extent expressly permitted by Landlord. Tenant’s liability shall remain primary, and in the event of default by any subtenant, assignee or successor of Tenant in
performance or observance of any of the covenants or conditions of this Lease, Landlord may proceed directly against Tenant without the necessity of exhausting remedies against said subtenant, assignee or successor. If Landlord grants consent to
such sublease or assignment, Tenant shall pay all reasonable attorneys’ fees and expenses incurred by Landlord with respect to such assignment or sublease. In addition, if Tenant has any options to extend the term of this Lease or to add other
space to the Premises, such options shall not be available to any subtenant or assignee, directly or indirectly without Landlord’s express written consent, which may be withheld in Landlord’s sole discretion. 

 

	10.05	ASSUMPTION AND ATTORNMENT 

 If Tenant shall
assign this Lease as permitted herein, the assignee shall expressly assume all of the obligations of Tenant hereunder in a written instrument satisfactory to Landlord and furnished to Landlord not later than fifteen (15) days prior to the
effective date of the assignment. If Tenant shall sublease the Premises as permitted herein, Tenant shall, at Landlord’s option, within fifteen (15) days following any request by Landlord, obtain and furnish to Landlord the written
agreement of such subtenant to the effect that the subtenant will attorn to Landlord and will pay all subrent directly to Landlord. 
  

	10.06	ADMINISTRATIVE FEE 

 As a further condition of
Landlord’s consent to an assignment or subletting, Tenant shall pay Landlord, as additional rent at the time such consent is requested, a fee of One Thousand Dollars ($1,000.00) to cover Landlord’s administrative costs in connection with
such transaction, which fee shall include Landlord’s legal fees. 
 ARTICLE ELEVEN 

DEFAULT AND REMEDIES 
  

	11.01	EVENTS OF DEFAULT 

 The occurrence or existence
of any one or more of the following shall constitute a “Default” by Tenant under this Lease: 
 (i) Tenant fails to pay
any installment or other payment of Rent including Rent Adjustment Deposits or Rent Adjustments within ten (10) days after the date when due; 
 (ii) Tenant fails to observe or perform any of the other covenants, conditions or provisions of this Lease and fails to cure such default within twenty (20) days after written notice thereof to
Tenant (unless the default involves a hazardous condition, which shall be cured forthwith, or unless the failure to perform is a Default for which this Lease specifies there is no cure or grace period), except that if any default cannot be cured
within such twenty (20) day period and Tenant diligently commences and in good faith continuously pursues a cure within such twenty (20) day period, such period to cure shall be extended for a period not to exceed sixty (60) days;

 (iii) the interest of Tenant in this Lease is levied upon under execution or other legal process; 

(iv) a petition is filed by or against Tenant to declare Tenant bankrupt or seeking a plan of reorganization or arrangement under any
Chapter of the Bankruptcy Act, or any amendment, replacement or substitution therefor, or to delay payment of, reduce or modify Tenant’s debts, which in the case of an involuntary action is not discharged within thirty (30) days;

  
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 (v) Tenant is declared insolvent by law or any assignment of Tenant’s property is made
for the benefit of creditors; 
 (vi) a receiver is appointed for Tenant or Tenant’s property, which appointment is not
discharged within sixty (60) days; 
 (vii) any action taken by or against Tenant to reorganize or modify Tenant’s
capital structure in a materially adverse way which in the case of an involuntary action is not discharged within sixty (60) days; 
 (viii) upon the dissolution of Tenant; 
 (ix) upon the third occurrence within any
Lease Year that Tenant fails to pay Rent when due or has breached a particular covenant of this Lease (whether or not such failure or breach is thereafter cured within any stated cure or grace period or statutory period); or 

(ix) Tenant having vacated or abandoned the Premises. 
  

	11.02	LANDLORD’S REMEDIES 

 (a) If
a Default occurs, Landlord shall have the rights and remedies hereinafter set forth, which shall be distinct and cumulative: (i) Landlord may terminate this Lease by giving Tenant notice of Landlord’s election to do so, in which event, the
term of this Lease shall end and all of Tenant’s rights and interests shall expire on the date stated in such notice, but Tenant shall nevertheless remain liable for the payment of Rent and all other sums due, payable and/or owing by it
hereunder, which obligations shall expressly survive the termination of this Lease; (ii) Landlord may terminate Tenant’s right of possession of the Premises without terminating this Lease by giving notice to Tenant that Tenant’s right
of possession shall end on the date specified in such notice; or (iii) Landlord may enforce the provisions of this Lease and may enforce and protect the rights of Landlord hereunder by a suit or suits in equity or at law for the specific
performance of any covenant or agreement contained herein, or for the enforcement of any other appropriate legal or equitable remedy, including recovery of all monies due or to become due for the balance of the Term from Tenant under any of the
provisions of this Lease. 
 (b) (1) In the event that Landlord terminates this Lease or Tenant’s right to possession,
Landlord shall be entitled to recover as damages for loss of the bargain and not as a penalty, Rent for the balance of the Term, plus all of Landlord’s expenses of reletting, including without limitation, repairs, alterations, improvements,
additions, decorations, legal fees and brokerage commissions (collectively, the “Reletting Expenses”), discounted to net present value at an interest rate equal to two (2%) percent above the prime rate of interest charged by Chase
Manhattan Bank, or its successor. 
  

	(2)	No termination of this Lease by Landlord as provided herein shall relieve Tenant of its liability and obligations under this Lease, and such liability and obligations
shall survive any such termination. In the event of any such termination, whether or not the Premises shall have been relet, Tenant shall pay to Landlord each month the Monthly Base Rent, Rent Adjustment Deposits, and other payments required to be
paid by Tenant up to the time of such termination, and thereafter Tenant, until the end of what would have been the term of this Lease in the absence of such termination, shall be liable to Landlord for, and shall pay to Landlord each month:

 (i) The amount of the Monthly Base Rent, Rent Adjustment Deposits, and other payments which would be payable
under this Lease by Tenant if this Lease were still in effect together with any and all costs, of any kind or nature whatsoever, paid or incurred by Landlord as a result of such termination, which costs shall be payable by Tenant forthwith, less

 (ii) The net proceeds, if any, of any reletting, after deducting all of Landlord’s expenses in connection with such
reletting, including all repossession costs, brokerage commissions, legal expenses, reasonable attorneys’ fees, alteration costs, repairs and other expenses of preparation for such reletting. 

  
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 Tenant shall pay such current damages (herein called the “deficiency”) to Landlord monthly on the
days on which the Monthly Base Rent would have been payable under this Lease if this Lease were still in effect, and Landlord shall be entitled to recover from Tenant each monthly deficiency as the same shall arise. However, if Landlord in its sole
discretion so elects, at any time after any such termination, Tenant shall pay to Landlord, within thirty (30) days of Landlord’s demand therefor, as and for liquidated and agreed final damages for Tenant’s default, an amount equal to
the difference between the Rent and other payments reserved hereunder for the unexpired portion of the term of this Lease and the then fair and reasonable rental value of the Premises for the same period. If the whole or any part of the Premises be
relet by Landlord for the unexpired term of this Lease or any portion thereof, before presentation of proof of such liquidated damages to any court, commission or tribunal, the amount of rent reserved upon such reletting shall be deemed the fair and
reasonable rental value for the whole or part of the Premises so relet during the term of the reletting. Nothing herein contained shall limit or prejudice the right of Landlord to prove for and obtain as liquidated damages by reason of such
termination, an amount equal to the maximum allowed by any statute or rule of law in effect at the time, whether or not such amount be greater, equal to, or less than the amount of the differences referred to above. 

(c) In the event Landlord proceeds pursuant to subparagraph (a)(ii) above, Landlord may, but shall not be obligated to relet the
Premises, or any part thereof for the account of Tenant, for such rent and term and upon such terms and conditions as are reasonably acceptable to Landlord. For purposes of such reletting, Landlord is authorized to decorate, repair, alter and
improve the Premises to the extent reasonably necessary or desirable. If the Premises are relet and the consideration realized therefrom after payment of all Landlord’s Reletting Expenses, is insufficient to satisfy the payment when due of Rent
reserved under this Lease for any monthly period, then Tenant shall pay Landlord upon demand any such deficiency monthly. If such consideration is greater than the amount necessary to pay the full amount of the Rent, the full amount of such excess
shall be retained by Landlord and shall in no event be payable to Tenant. Tenant agrees that Landlord may file suit to recover any sums due to Landlord hereunder from time to time and that such suit or recovery of any amount due Landlord hereunder
shall not be any defense to any subsequent action brought for any amount not theretofore reduced to judgment in favor of Landlord. 
 (d) In the event a Default occurs, Landlord may, at Landlord’s option, enter into the Premises, remove Tenant’s property, fixtures, furnishings, signs and other evidences of tenancy, and take
and hold such property; provided, however, that such entry and possession shall not terminate this Lease or release Tenant, in whole or in part, from Tenant’s obligation to pay the Rent reserved hereunder for the full Term or from any other
obligation of Tenant under this Lease. Any and all property which may be removed from the Premises by Landlord pursuant to the authority of the Lease or law, to which Tenant is or may be entitled, may be handled, removed or stored by Landlord at the
risk, cost and expense of Tenant, and Landlord shall in no event be responsible for the value, preservation or safekeeping thereof. Tenant shall pay Landlord, upon demand, any and all expenses incurred in such removal and all storage charges against
such property so long as the same shall be in Landlord’s possession or under Landlord’s control. Any such property of Tenant not retaken from storage by Tenant within thirty (30) days after the Termination Date, shall be conclusively
presumed to have been conveyed by Tenant to Landlord under this Lease as a bill of sale without further payment or credit by Landlord to Tenant. 
  

	11.03	ATTORNEY’S FEES 

 Tenant shall pay upon
demand, all costs and expenses, including reasonable attorneys’ fees, incurred by Landlord in enforcing Tenant’s performance of its obligations under this Lease, or resulting from Tenant’s Default. 

 

	11.04	BANKRUPTCY 

 The following provisions shall apply
in the event of the bankruptcy or insolvency of Tenant: 
 (a) In connection with any proceeding under Chapter 7 of the
Bankruptcy Code where the trustee of Tenant elects to assume this Lease for the purposes of assigning it, such election or assignment, may only be made upon compliance with the provisions of (b) and (c) below, which conditions Landlord and
Tenant acknowledge to be commercially reasonable. In the event the trustee elects to reject this Lease then Landlord shall immediately be entitled to possession of the Premises without further obligation to Tenant or the trustee. 

  
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 (b) Any election to assume this Lease under Chapter 11 or 13 of the Bankruptcy Code by
Tenant as debtor-in-possession or by Tenant’s trustee (the “Electing Party”) must provide for: 
 The Electing
Party to cure or provide to Landlord adequate assurance that it will cure all monetary defaults under this Lease within fifteen (15) days from the date of assumption and it will cure all nonmonetary defaults under this Lease within thirty
(30) days from the date of assumption. Landlord and Tenant acknowledge such condition to be commercially reasonable. 
 (c)
If the Electing Party has assumed this Lease or elects to assign Tenant’s interest under this Lease to any other person, such interest may be assigned only if the intended assignee has provided adequate assurance of future performance (as
herein defined), of all of the obligations imposed on Tenant under this Lease. 
 For the purposes hereof, “adequate
assurance of future performance” means that Landlord has ascertained that each of the following conditions has been satisfied: 
 (i) The assignee has submitted a current financial statement, certified by its chief financial officer, which shows a net worth and working capital in amounts sufficient to assure the future performance
by the assignee of Tenant’s obligations under this Lease; and 
 (ii) Landlord has obtained consents or waivers from any
third parties which may be required under a lease, mortgage, financing arrangement, or other agreement by which Landlord is bound, to enable Landlord to permit such assignment. 

(d) Landlord’s acceptance of rent or any other payment from any trustee, receiver, assignee, person, or other entity will not be
deemed to have waived, or waive, the requirement of Landlord’s consent, Landlord’s right to terminate this Lease for any transfer of Tenant’s interest under this Lease without such consent, or Landlord’s claim for any amount of
Rent due from Tenant. 
 ARTICLE TWELVE 
 SURRENDER OF PREMISES 
  

	12.01	IN GENERAL 

 Upon the Termination Date, Tenant
shall surrender and vacate the Premises immediately and deliver possession thereof to Landlord in a clean, good and tenantable condition, ordinary wear and tear, and damage caused by Landlord or insured casualty excepted. Tenant shall deliver to
Landlord all keys to the Premises. Tenant shall remove from the Premises all movable personal property of Tenant and Tenant’s trade fixtures, including, subject to Section 6.04, cabling for any of the foregoing. Tenant shall be entitled to
remove such Tenant Additions which at the time of their installation Landlord and Tenant agreed may be removed by Tenant. Tenant shall also remove such other Tenant Additions as required by Landlord, including, any Tenant Additions containing
Hazardous Materials. Tenant immediately shall repair all damage resulting from removal of any of Tenant’s property, furnishings or Tenant Additions, shall close all floor, ceiling and roof openings and shall restore the Premises to a tenantable
condition as reasonably determined by Landlord. If any of the Tenant Additions which were installed by Tenant involved the lowering of ceilings, raising of floors or the installation of specialized wall or floor coverings or lights, then Tenant
shall also be obligated to return such surfaces to their condition prior to the commencement of this Lease. Tenant shall also be required to close any staircases or other openings between floors. In the event possession of the Premises is not
delivered to Landlord when required hereunder, or if Tenant shall fail to remove those items described above, Landlord may (but shall not be obligated to), at Tenant’s expense, remove any of such property and store, sell or otherwise deal with
such property as provided in Section 11.02(b), including the waiver and indemnity obligations provided in that Section, and undertake, at Tenant’s expense, such restoration work as Landlord deems necessary or advisable. 

 

	12.02	LANDLORD’S RIGHTS 

 All property which may
be removed from the Premises by Landlord shall be conclusively presumed to have been abandoned by Tenant and Landlord may deal with such property as provided in Section 11.02(d). Tenant shall also reimburse Landlord for all costs and expenses
incurred by Landlord in removing any of Tenant Additions and in restoring the Premises to the condition required by this Lease at the Termination Date. Notwithstanding anything to the contrary set forth in Section 12.01 of this Lease, if any of
the restoration to be performed by Tenant involves or may involve the structural integrity of the Building, or any of the Building’s systems, including, without limitation, 

  
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its electrical, mechanical, plumbing, heating, ventilating, and air-conditioning, and security and life/safety systems, then at Landlord’s election, such work shall be performed by
Landlord’s contractors, at competitive prices, and Tenant shall reimburse Landlord for the cost of such work. 
 ARTICLE
THIRTEEN 
 HOLDING OVER 

Tenant shall pay Landlord the greater of (i) double the monthly Rent payable for the month immediately preceding the holding over (including
increases for Rent Adjustments which Landlord may reasonably estimate) or, (ii) double the fair market rental value of the Premises as reasonably determined by Landlord for each month or portion thereof that Tenant retains possession of the
Premises, or any portion thereof, after the Termination Date (without reduction for any partial month that Tenant retains possession). Tenant shall also pay all damages sustained by Landlord by reason of such retention of possession. The provisions
of this Article shall not constitute a waiver by Landlord of any re-entry rights of Landlord and Tenant’s continued occupancy of the Premises shall be as a tenancy in sufferance. If Tenant retains possession of the Premises, or any part thereof
for thirty (30) days after the Termination Date then at the sole option of Landlord expressed by written notice to Tenant, but not otherwise, such holding over shall constitute a renewal of this Lease for a period of one (1) year on the
same terms and conditions (including those with respect to the payment of Rent) as provided in this Lease, except that the Monthly Base Rent for such period shall be equal to the greater of (i) 200% of the Monthly Base Rent payable during the
month preceding the Termination Date, or (ii) 150% of the monthly base rent then being quoted by Landlord for similar space in the Building. 
 ARTICLE FOURTEEN 
 DAMAGE BY FIRE OR OTHER CASUALTY 

 

	14.01	SUBSTANTIAL UNTENANTABILITY 

 (a)
If any fire or other casualty (whether insured or uninsured) renders all or a substantial portion of the Premises or the Building untenantable, Landlord shall, with reasonable promptness after the occurrence of such damage, estimate the length of
time that will be required to Substantially Complete the repair and restoration and shall by notice advise Tenant of such estimate (“Landlord’s Notice”). If Landlord estimates that the amount of time required to Substantially Complete
such repair and restoration will exceed one hundred eighty (180) days from the date such damage occurred, then Landlord, or Tenant if all or a substantial portion of the Premises is rendered untenantable, shall have the right to terminate this
Lease as of the date of such damage upon giving written notice to the other at any time within twenty (20) days after delivery of Landlord’s Notice, provided that if Landlord so chooses, Landlord’s Notice may also constitute such
notice of termination. 
 (b) Unless this Lease is terminated as provided in the preceding subparagraph, Landlord shall proceed
with reasonable promptness to repair and restore the Premises to its condition as existed prior to such casualty, subject to reasonable delays for insurance adjustments and Force Majeure delays, and also subject to zoning laws and building codes
then in effect. Landlord shall have no liability to Tenant, and Tenant shall not be entitled to terminate this Lease if such repairs and restoration are not in fact completed within the time period estimated by Landlord so long as Landlord shall
proceed with reasonable diligence to complete such repairs and restoration. 
 (c) Tenant acknowledges that Landlord shall be
entitled to the full proceeds of any insurance coverage, whether carried by Landlord or Tenant, for damages to the Premises, except for those proceeds of Tenant’s insurance of its own personal property and equipment which would be removable by
Tenant at the Termination Date. All such insurance proceeds shall be payable to Landlord whether or not the Premises are to be repaired and restored. 
 (d) Notwithstanding anything to the contrary herein set forth: (i) Landlord shall have no duty pursuant to this Section to repair or restore any portion of any Tenant Additions or to expend for any
repair or restoration of the Premises or Building amounts in excess of insurance proceeds paid to Landlord and available for repair or restoration; and (ii) Tenant shall not have the right to terminate this Lease pursuant to this Section if any
damage or destruction was caused by the act or neglect of Tenant, its agent or employees. 
 (e) Any repair or restoration of
the Premises performed by Tenant shall be in accordance with the provisions of Article Nine hereof. 

  
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	14.02	INSUBSTANTIAL UNTENANTABILITY 

 If the Premises
or the Building is damaged by a casualty but neither is rendered substantially untenantable and Landlord estimates that the time to Substantially Complete the repair or restoration will not exceed one hundred eighty (180) days from the date
such damage occurred, then Landlord shall proceed to repair and restore the Building or the Premises other than Tenant Additions, with reasonable promptness, unless such damage is to the Premises and occurs during the last six (6) months of the
Term, in which event either Tenant or Landlord shall have the right to terminate this Lease as of the date of such casualty by giving written notice thereof to the other within twenty (20) days after the date of such casualty. [Notwithstanding
the aforesaid, Landlord’s obligation to repair shall be limited in accordance with the provisions of Section 14.01 (d)(i) above.] 
  

	14.03	RENT ABATEMENT 

 Except for the negligence or
willful act of Tenant or its agents, employees, contractors or invitees, if all or any part of the Premises are rendered untenantable by fire or other casualty and this Lease is not terminated, Monthly Base Rent and Rent Adjustments shall abate for
that part of the Premises which is untenantable on a per diem basis from the date of the casualty until Landlord has Substantially Completed the repair and restoration work in the Premises which it is required to perform, provided, that as a result
of such casualty, Tenant does not occupy the portion of the Premises which is untenantable during such period. 
 ARTICLE FIFTEEN

 EMINENT DOMAIN 
  

	15.01	TAKING OF WHOLE OR SUBSTANTIAL PART 

 In the
event the whole or any substantial part of the Building or of the Premises is taken or condemned by any competent authority for any public use or purpose (including a deed given in lieu of condemnation), this Lease shall terminate as of the date
title vests in such authority, and Monthly Base Rent and Rent Adjustments shall be apportioned as of the Termination Date. Notwithstanding anything to the contrary herein set forth, in the event the taking is temporary (for less than the remaining
term of the Lease), Landlord may elect either (i) to terminate this Lease or (ii) permit Tenant to receive the entire award attributable to the Premises in which case Tenant shall continue to pay Rent and this Lease shall not terminate.

  

	15.02	TAKING OF PART 

 In the event a part of the
Building or the Premises is taken or condemned by any competent authority (or a deed is delivered in lieu of condemnation) and this Lease is not terminated, the Lease shall be amended to reduce or increase, as the case may be, the Monthly Base Rent
and Tenant’s Proportionate Share to reflect the Rentable Area of the Premises or Building, as the case may be, remaining after any such taking or condemnation. Landlord, upon receipt and to the extent of the award in condemnation (or proceeds
of sale) shall make necessary repairs and restorations to the Premises (exclusive of Tenant Additions) and to the Building to the extent necessary to constitute the portion of the Building not so taken or condemned as a complete architectural and
economically efficient unit. Notwithstanding the foregoing, if as a result of any taking, or a governmental order that the grade of any street or alley adjacent to the Building is to be changed and such taking or change of grade makes it necessary
or desirable to substantially remodel or restore the Building or prevents the economical operation of the Building, Landlord shall have the right to terminate this Lease upon ninety (90) days prior written notice to Tenant. 

 

	15.03	COMPENSATION 

 Landlord shall be entitled to
receive the entire award (or sale proceeds) from any such taking, condemnation or sale without any payment to Tenant, and Tenant hereby assigns to Landlord Tenant’s interest, if any, in such award; provided, however, Tenant shall have the right
separately to pursue against the condemning authority a separate award in respect of the loss, if any, to Tenant Additions paid for by Tenant without any credit or allowance from Landlord so long as there is no diminution of Landlord’s award as
a result. 

  
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 ARTICLE SIXTEEN 
 INSURANCE 
  

	16.01	TENANT’S INSURANCE 

 Tenant, at
Tenant’s expense, agrees to maintain in force, with a company or companies acceptable to Landlord, during the Term: (a) Commercial General Liability Insurance on a primary basis and without any right of contribution from any insurance
carried by Landlord covering the Premises on an occurrence basis against all claims for personal injury, bodily injury, death and property damage, including contractual liability covering the indemnification provisions in this Lease. Such insurance
shall be for such limits that are reasonably required by Landlord from time to time but not less than a combined single limit of Five Million and No/100 Dollars ($5,000,000.00); (b) Workers’ Compensation and Employers’ Liability
Insurance for an amount of not less than One Million and No/100 Dollars ($1,000,000.00), both in accordance with the laws of the State of New Jersey; (c) “All Risks” property insurance in an amount adequate to cover the full
replacement cost of all equipment, installations, fixtures and contents of the Premises in the event of loss and any such policy shall contain a provision requiring the insurance carriers to waive their rights of subrogation against Landlord;
(d) In the event a motor vehicle is to be used by Tenant in connection with its business operation from the Premises, Comprehensive Automobile Liability Insurance coverage with limits of not less than Three Million and No/100 Dollars
($3,000,000.00) combined single limit coverage against bodily injury liability and property damage liability arising out of the use by or on behalf of Tenant, its agents and employees in connection with this Lease, of any owned, non-owned or hired
motor vehicles; and (e) such other insurance or coverages as Landlord or any Mortgagee reasonably requires. 
  

	16.02	FORM OF POLICIES 

 Each policy referred to in
16.01 shall satisfy the following requirements. Each policy shall (i) name Landlord and the Indemnitees as additional insureds (except Workers’ Compensation and Employers’ Liability Insurance), (ii) be issued by one or more
responsible insurance companies licensed to do business in the State of New Jersey reasonably satisfactory to Landlord and any Mortgagee, (iii) where applicable, provide for deductible amounts satisfactory to Landlord and not permit
co-insurance, (iv) shall provide that such insurance may not be canceled or amended without thirty (30) days’ prior written notice to Landlord and any Mortgagee, and (v) shall provide that the policy shall not be invalidated
should the insured waive in writing prior to a loss, any or all rights of recovery against any other party for losses covered by such policies. Tenant shall deliver to Landlord, certificates of insurance and at Landlord’s request, copies of all
policies and renewals thereof to be maintained by Tenant hereunder, not less than ten (10) days prior to the Commencement Date and not less than ten (10) days prior to the expiration date of each policy. 

 

	16.03	LANDLORD’S INSURANCE 

 Landlord agrees to
purchase and keep in full force and effect during the Term hereof, including any extensions or renewals thereof, insurance under policies issued by insurers of recognized responsibility, qualified to do business in the State of New Jersey on the
Building in amounts not less than the greater of eighty (80%) percent of the then full replacement cost (without depreciation) of the Building (above foundations) or an amount sufficient to prevent Landlord from becoming a co-insurer under the
terms of the applicable policies, against fire and such other risks as may be included in standard forms of all risk coverage insurance reasonably available from time to time. Landlord agrees to maintain in force during the Term, Commercial General
Liability Insurance covering the Building on an occurrence basis against all claims for personal injury, bodily injury, death and property damage. Such insurance shall be for a combined single limit of Five Million and No/100 Dollars
($5,000,000.00). Neither Landlord’s obligation to carry such insurance nor the carrying of such insurance shall be deemed to be an indemnity by Landlord with respect to any claim, liability, loss, cost or expense due, in whole or in part, to
Tenant’s negligent acts or omissions or willful misconduct and Tenant shall have no right to any proceeds obtained or received by Landlord with respect to any such insurance. 

 

	16.04	WAIVER OF SUBROGATION 

 (a)
Landlord agrees that, if obtainable at no, or minimal, additional cost, and so long as the same is permitted under the laws of the State of New Jersey, it will include in its “All Risks” policies appropriate clauses pursuant to which the
insurance companies (i) waive all right of subrogation against Tenant with respect to losses payable under such policies and/or (ii) agree that such policies shall not be invalidated should the insured waive in writing prior to a loss any
or all right of recovery against any party for losses covered by such policies. 

  
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 (b) Tenant agrees to include, if obtainable at no, or minimal, additional cost, and so long
as the same is permitted under the laws of the State of New Jersey, in its “All Risks” insurance policy or policies on its furniture, furnishings, fixtures and other property removable by Tenant under the provisions of this Lease
appropriate clauses pursuant to which the insurance company or companies (i) waive the right of subrogation against Landlord and/or any tenant of space in the Building with respect to losses payable under such policy or policies and/or
(ii) agree that such policy or policies shall not be invalidated should the insured waive in writing prior to a loss any or all right of recovery against any party for losses covered by such policy or policies. If Tenant is unable to obtain in
such policy or policies either of the clauses described in the preceding sentence, Tenant shall, if legally possible and without necessitating a change in insurance carriers, have Landlord named in such policy or policies as an additional insured.
If Landlord shall be named as an additional insured in accordance with the foregoing, Landlord agrees to endorse promptly to the order of Tenant, without recourse, any check, draft, or order for the payment of money representing the proceeds of any
such policy or representing any other payment growing out of or connected with said policies, and Landlord does hereby irrevocably waive any and all rights in and to such proceeds and payments. 

(c) Provided that Landlord’s right of full recovery under its policy or policies aforesaid is not adversely affected or prejudiced
thereby, Landlord hereby waives any and all right of recovery which it might otherwise have against Tenant, its servants, agents and employees, for loss or damage occurring to the Building and the fixtures, appurtenances and equipment therein, to
the extent the same is covered by Landlord’s insurance, notwithstanding that such loss or damage may result from the negligence or fault of Tenant, its servants, agents or employees. Provided that Tenant’s right of full recovery under its
aforesaid policy or policies is not adversely affected or prejudiced thereby, Tenant hereby waives any and all right of recovery which it might otherwise have against Landlord, its servants, and employees and against every other tenant in the
Building who shall have executed a similar waiver as set forth in this Section 16.04 (c) for loss or damage to Tenant’s furniture, furnishings, fixtures and other property removable by Tenant under the provisions hereof to the extent
that same is covered or coverable by Tenant’s insurance required under this Lease, notwithstanding that such loss or damage may result from the negligence or fault of Landlord, its servants, agents or employees, or such other tenant and the
servants, agents or employees thereof. 
 (d) Landlord and Tenant hereby agree to advise the other promptly if the clauses to be
included in their respective insurance policies pursuant to subparagraphs (a) and (b) above cannot be obtained on the terms hereinbefore provided and thereafter to furnish the other with a certificate of insurance or copy of such policies
showing the naming of the other as an additional insured, as aforesaid. Landlord and Tenant hereby also agree to notify the other promptly of any cancellation or change of the terms of any such policy which would affect such clauses or naming. All
such policies which name both Landlord and Tenant as additional insureds shall, to the extent obtainable, contain agreements by the insurers to the effect that no act or omission of any additional insured will invalidate the policy as to the other
additional insureds. 
  

	16.05	NOTICE OF CASUALTY 

 Tenant shall give Landlord
notice in case of a fire or accident in the Premises promptly after Tenant is aware of such event. 
 ARTICLE SEVENTEEN

 WAIVER OF CLAIMS AND INDEMNITY 
  

	17.01	WAIVER OF CLAIMS 

 To the extent permitted by
Law, Tenant releases the Indemnitees from, and waives all claims for, damage to person or property sustained by Tenant or any occupant of the Premises or the Property resulting directly or indirectly from any existing or future condition, defect,
matter or thing in and about the Premises or the Property or any part of either or any equipment or appurtenance therein, or resulting from any accident in or about the Premises or the Property, or resulting directly or indirectly from any act or
neglect of any tenant or occupant of the Property or of any other person, including Landlord’s agents and servants, except to the extent caused by the willful and wrongful act of any of the Indemnitees. To the extent permitted by Law, Tenant
hereby waives any consequential damages, 

  
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compensation or claims for inconvenience or loss of business, rents, or profits as a result of such injury or damage, whether or not caused by the willful, negligent or wrongful act of any of the
Indemnitees. If any such damage, whether to the Premises or the Property or any part of either, or whether to Landlord or to other tenants in the Property, results from any act or neglect of Tenant, its employees, servants, agents, contractors,
invitees or customers, Tenant shall be liable therefor and Landlord may, at Landlord’s option, repair such damage and Tenant shall, upon demand by Landlord, as payment of additional Rent hereunder, reimburse Landlord within ten (10) days
of demand for the total cost of such repairs, in excess of amounts, if any, paid to Landlord under insurance covering such damages. Tenant shall not be liable for any such damage caused by its acts or neglect if Landlord or a tenant has recovered
the full amount of the damage from proceeds of insurance policies and the insurance company has waived its right of subrogation against Tenant. 
  

	17.02	INDEMNITY BY TENANT 

 To the extent permitted by
law, Tenant agrees to indemnify, protect, defend and hold the Indemnitees harmless against any and all actions, claims, demands, costs and expenses, including reasonable attorney’s fees and expenses for the defense thereof, arising from
Tenant’s occupancy of the Premises, from the undertaking of any Tenant Additions or repairs to the Premises, from the conduct of Tenant’s business on the Premises, or from any breach or default on the part of Tenant in the performance of
any covenant or agreement on the part of Tenant to be performed pursuant to the terms of this Lease, or from any willful or negligent act of Tenant, its agents, contractors, servants, employees, customers or invitees, in or about the Premises, but
only to the extent of Landlord’s liability, if any, in excess of amounts, if any, paid to Landlord under insurance covering such claims or liabilities. In case of any action or proceeding brought against the Indemnitees by reason of any such
claim, upon notice from Landlord, Tenant covenants to defend such action or proceeding by counsel reasonably satisfactory to Landlord. 
 ARTICLE EIGHTEEN 
 RULES AND REGULATIONS 

 

	18.01	RULES 

 Tenant agrees for itself and for its
subtenants, employees, agents, and invitees to comply with the rules and regulations listed on Exhibit D attached hereto and with all reasonable modifications and additions thereto which Landlord may make from time to time. 

 

	18.02	ENFORCEMENT 

 Nothing in this Lease shall be
construed to impose upon Landlord any duty or obligation to enforce the rules and regulations as set forth on Exhibit D or as hereafter adopted, or the terms, covenants or conditions of any other lease as against any other tenant, and Landlord shall
not be liable to Tenant for violation of the same by any other tenant, its servants, employees, agents, visitors or licensees. Landlord shall use reasonable efforts to enforce the rules and regulations of the Building in a uniform and
non-discriminatory manner. Tenant shall pay to Landlord all damages caused by Tenant’s failure to comply with the provisions of this Article Eighteen and shall also pay to Landlord as additional Rent an amount equal to any increase in insurance
premiums caused by such failure to comply. 
 ARTICLE NINETEEN 

LANDLORD’S RESERVED RIGHTS 

Landlord shall have the following rights exercisable without notice to Tenant and without liability to Tenant for damage or injury to persons, property
or business and without being deemed an eviction or disturbance of Tenant’s use or possession of the Premises or giving rise to any claim for offset or abatement of Rent: (1) to change the Building’s name or street address upon thirty
(30) days’ prior written notice to Tenant; (2) to install, affix and maintain all signs on the exterior and/or interior of the Building; (3) to designate and/or approve prior to installation, all types of signs, window shades,
blinds, drapes, awnings or other similar items, and all internal lighting that may be visible from the exterior of the Premises; (4) upon reasonable notice to Tenant, to display the Premises to prospective purchasers at reasonable hours at any
time during the Term and to prospective tenants at reasonable hours during the last twelve (12) months of the Term, and at all times during the Term to prospective lenders, parties, joint venturers, purchasers or other interested parties;
(5) to grant to any party the exclusive right to conduct any business or render any service in or to the Building, provided such exclusive right shall not operate to prohibit 

  
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Tenant from using the Premises for the purpose permitted hereunder; (6) to change the arrangement and/or location of entrances or passageways, doors and doorways, corridors, elevators,
stairs, washrooms or public portions of the Building, and to close entrances, doors, corridors, elevators or other facilities, provided that such action shall not materially and adversely interfere with Tenant’s access to the Premises or the
Building; (7) to have access for Landlord and other tenants of the Building to any mail chutes and boxes located in or on the Premises as required by any applicable rules of the United States Post Office; and (8) to close the Building
after Standard Operating Hours except that Tenant and its employees and invitees shall be entitled to admission at all times, under such regulations as Landlord prescribes for security purposes. 

ARTICLE TWENTY 

ESTOPPEL CERTIFICATE 
  

	20.01	IN GENERAL 

 Within fifteen (15) days after
request therefor by Landlord, any Mortgagee or any prospective mortgagee or owner, Tenant agrees as directed in such request to execute an Estoppel Certificate in recordable form, binding upon Tenant, certifying (i) that this Lease is
unmodified and in full force and effect (or if there have been modifications, a description of such modifications and that this Lease as modified is in full force and effect); (ii) the dates to which Rent has been paid; (iii) that Tenant
is in the possession of the Premises if that is the case; (iv) that Landlord is not in default under this Lease, or, if Tenant believes Landlord is in default, the nature thereof in detail; (v) that Tenant has no off-sets or defenses to
the performance of its obligations under this Lease (or if Tenant believes there are any off-sets or defenses, a full and complete explanation thereof) and that all sums, if any, required to be paid by Landlord to Tenant on account of Tenant
Additions have been paid in full; (vi) that the Premises have been completed in accordance with the terms and provisions hereof, that Tenant has accepted the Premises and the condition thereof and of all improvements thereto and has no claims
against Landlord or any other party with respect thereto; (vii) that if an assignment of rents or leases has been served upon Tenant by any Mortgagee, Tenant will acknowledge receipt thereof and agree to be bound by the provisions thereof;
(viii) that Tenant will give to any Mortgagee copies of all notices required or permitted to be given by Tenant to Landlord; (ix) the Commencement Date and Expiration Date; and (x) to any other information reasonably requested. 

20.02 ENFORCEMENT 
 In the event that Tenant
fails to deliver an Estoppel Certificate. then such failure shall be a Default for which there shall be no cure or grace period. In addition to any other remedy available to Landlord. Tenant shall be deemed to have irrevocably appointed Landlord as
Tenant’s attorney-in-fact to execute and deliver such Estoppel Certificate. 
 ARTICLE TWENTY-ONE 

RELOCATION OF TENANT 
 At any
time after the date of this Lease. Landlord may substitute for the Premises. other premises in the Building [Note: in multi-building projects. substitute “Project for “Building”] (the “New Premises”). in which event the New
Premises shall be deemed to be the Premises for all purposes under this Lease, provided that (i) the New Premises shall be substantially similar to the Premises in quality. view, area and configuration; (ii) if Tenant is then occupying the Premises,
Landlord shall pay the actual and reasonable expenses of physically moving Tenant. its property and equipment to the New Premises; (iii) Landlord shall give Tenant not less than sixty (60) days’ prior written notice of such substitution; (iv)
Landlord. at its expense. shall improve the New Premises with improvements substantially similar to those in the Premises at the time of such substitution. if the Premises are then improved; and (v) the Annual Base Rent shall remain the same as that
for the Premises. 
 ARTICLE TWENTY-TWO 
 REAL ESTATE BROKERS 
 Tenant represents that. except for Cushman & Wakefield of New Jersey.
Inc. Tenant has not dealt with any real estate broker, sales person, or finder in connection with this Lease. and no such person initiated or participated in the negotiation of this Lease, or showed the Premises to Tenant. Tenant hereby agrees to
indemnify. protect. defend and hold Landlord and the Indemnitees, harmless from and against any and all liabilities and claims for commissions and fees arising out of a breach of the foregoing representation. Neither Landlord or Tenant shall be
responsible for the payment of all commissions to the broker. if any, specified in this Article. it being understood that Scitex America Corp. (“Scitex”). the previous occupant of the Premises, shall be liable for same in accordance with a
separate agreement entered into between Scitex and such broker. 
 ARTICLE TWENTY-THREE 

MORTGAGEE PROTECTION 
  

	23.01	SUBORDINATION AND ATTORNMENT 

 This Lease is and
shall be expressly subject and subordinate at all times to (i) any ground or underlying lease of the Real Property, now or hereafter existing, and all amendments, extensions, renewals and modifications to any such lease, and (ii) the lien
of any mortgage or trust deed now or hereafter encumbering fee title to the Real Property and/or the leasehold estate under any such lease, and all amendments, extensions, renewals, replacements and modifications of such mortgage or trust deed
and/or the obligation secured thereby, unless such ground lease or ground lessor, or mortgage, trust deed or Mortgagee, expressly provides or elects that the Lease shall be superior to such lease or mortgage or trust deed. If any such mortgage or
trust deed is foreclosed (including any sale of the Real Property pursuant to a power of sale), or if any such lease is terminated, upon request of the Mortgagee or ground lessor, as the case may be, Tenant shall attorn to the purchaser at the
foreclosure sale or to the ground lessor under such lease, as the case may be, provided, however, that such purchaser or ground lessor shall not be (i) bound by any payment of Rent for more than one month in advance except payments in the
nature of security for the performance by Tenant of its obligations under this Lease; (ii) subject to any offset, defense or damages arising out of a default of any obligations of any preceding Landlord; or (iii) bound by any amendment or
modification of this Lease made without the written consent of the Mortgagee or ground lessor; or (iv) liable for any security deposits not actually received in cash by such purchaser or ground lessor. This subordination shall be self-operative
and no further certificate or instrument of subordination need be required by any such Mortgagee or ground lessor. In confirmation of such subordination, however, Tenant shall execute promptly any reasonable certificate or instrument that Landlord,
any Mortgagee or ground lessor may request. Tenant hereby constitutes Landlord as Tenant’s attorney-in-fact to execute such certificate or instrument for and on behalf of Tenant upon Tenant’s failure to do so within fifteen (15) days
of a request to do so. Upon request by such successor in interest, Tenant shall execute and deliver reasonable instruments confirming the attornment provided for herein. 

  
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	23.02	MORTGAGEE PROTECTION 

 Tenant agrees to give any
Mortgagee or ground lessor, by registered or certified mail, a copy of any notice of default served upon Landlord by Tenant, provided that prior to such notice Tenant has received notice (by way of service on Tenant of a copy of an assignment of
rents and leases, or otherwise) of the address of such Mortgagee or ground lessor. Tenant further agrees that if Landlord shall have failed to cure such default within the time provided for in this Lease, then the Mortgagee or ground lessor shall
have an additional thirty (30) days after receipt of notice thereof within which to cure such default or if such default cannot be cured within that time, then such additional notice time as may be necessary, if, within such thirty
(30) days, any Mortgagee or ground lessor has commenced and is diligently pursuing the remedies necessary to cure such default (including but not limited to commencement of foreclosure proceedings or other proceedings to acquire possession of
the Real Property, if necessary to effect such cure). Such period of time shall be extended by any period within which such Mortgagee or ground lessor is prevented from commencing or pursuing such foreclosure proceedings or other proceedings to
acquire possession of the Real Property by reason of Landlord’s bankruptcy. Until the time allowed as aforesaid for Mortgagee or ground lessor to cure such defaults has expired without cure, Tenant shall have no right to, and shall not,
terminate this Lease on account of default. This Lease may not be modified or amended so as to reduce the rent or shorten the term, or so as to adversely affect in any other respect to any material extent the rights of Landlord, nor shall this Lease
be canceled or surrendered, without the prior written consent, in each instance, of the ground lessor or the Mortgagee. 

ARTICLE TWENTY-FOUR 
 NOTICES 
 (a) All notices, demands or requests provided for or permitted to be
given pursuant to this Lease must be in writing and shall be personally delivered (but only by Landlord to Tenant), sent by Federal Express or other overnight courier service, or mailed by first class, registered or certified mail, return receipt
requested, postage prepaid. 
 (b) All notices, demands or requests to be sent pursuant to this Lease shall be deemed to have
been properly given or served by delivering or sending the same in accordance with this Section, addressed to the parties hereto at their respective addresses listed below: 

 

	 	(1)	Notices to Landlord shall be addressed: 

 Cushman & Wakefield of New Jersey, Inc. 
 One Meadowlands Plaza / Suite
1100 
 East Rutherford, New Jersey 07073 
 Attention: Office Manager 
 with a copy to the following: 

Metropolitan Life Insurance Company 
 200 Park Avenue / 12th Floor 
 New York, New York 10166 

Attention: Vice President 
  

	 	(2)	Notices to Tenant shall be addressed: 

 Management Dynamics, Inc. 
 One Meadowlands Plaza, 8th Floor 

East Rutherford, New Jersey 07073 
 Attention: Office Manager 

  
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 with copies to the following: 

John Preuninger, President 
 Management Dynamics, Inc. 
 One Meadowlands Plaza, 8th Floor 

East Rutherford, New Jersey 07073 
 (of default notices only) 
 Cole, Schotz, Meisel, Forman & Leonard

 25 Main Street 
 Hackensack, New Jersey 07602 
 Attention: Marc R. Berman, Esquire 

(c) If notices, demands or requests are sent by registered or certified mail, said notices, demands or requests shall be effective upon
being deposited in the United States mail. However, the time period in which a response to any such notice, demand or request must be given shall commence to run from the date of receipt on the return receipt of the notice, demand or request by the
addressee thereof. Rejection or other refusal to accept or the inability to deliver because of changed address of which no notice was given shall be deemed to be receipt of notice, demand or request sent. 

Notices may also be served by personal service upon any officer, director or partner of Landlord or Tenant or in the case of delivery by Federal Express
or other overnight courier service, notices shall be effective upon acceptance of delivery by an employee, officer, director or partner of Landlord or Tenant. 
 (d) By giving to the other party at least thirty (30) days written notice thereof, either party shall have the right from time to time during the term of this Lease to change their respective
addresses for notices, statements, demands and requests, provided such new address shall be within the United States of America. 

ARTICLE TWENTY-FIVE 

[Intentionally Omitted] 

ARTICLE TWENTY-SIX 

MISCELLANEOUS 
  

	26.01	LATE CHARGES 

 All payments required hereunder
(other than the Monthly Base Rent, Rent Adjustments, and Rent Adjustment Deposits, which shall be due as hereinbefore provided) to Landlord shall be paid within ten (10) days after Landlord’s demand therefor. All such amounts (including,
without limitation Monthly Base Rent, Rent Adjustments, and Rent Adjustment Deposits) not paid when due shall bear interest from the date due until the date paid at the Default Rate in effect or the date such payment was due. 

 

	26.02	WAIVER OF JURY TRIAL 

 As a material inducement
to Landlord to enter into this Lease, Tenant hereby waives its right to a trial by jury of any issues relating to or arising out of its obligations under this Lease or its occupancy of the Premises. Tenant acknowledges that it has read and
understood the foregoing provision. 
  

	26.03	DEFAULT UNDER OTHER LEASE 

 It shall be a Default
under this Lease if Tenant or any Affiliate holding any other lease with Landlord for premises in the Building defaults under such lease and as a result thereof such lease is terminated or terminable. 

 

	26.04	OPTION 

 This Lease shall not become effective as
a lease or otherwise until executed and delivered by both Landlord and Tenant. The submission of the Lease to Tenant does not constitute a reservation of or option for the Premises, except that it shall, after execution by Tenant, constitute an
irrevocable offer on the part of Tenant in effect for fifteen (15) days to lease the Premises on the terms and conditions herein contained. 

  
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	26.05	TENANT AUTHORITY 

 Tenant represents and warrants
to Landlord that it has full authority and power to enter into and perform its obligations under this Lease, that the person executing this Lease is fully empowered to do so, and that no consent or authorization is necessary from any third party.
Landlord may request that Tenant provide Landlord evidence of Tenant’s authority. 
  

	26.06	ENTIRE AGREEMENT 

 This Lease, the Exhibits
attached hereto contain the entire agreement between Landlord and Tenant concerning the Premises and there are no other agreements, either oral or written, and no other representations or statements, either oral or written, on which Tenant has
relied. This Lease shall not be modified except by a writing executed by Landlord and Tenant. 
  

	26.07	MODIFICATION OF LEASE FOR BENEFIT OF MORTGAGEE 

If any Mortgagee requires a modification of this Lease which shall not result in any increased cost or expense to Tenant or in any other substantial and
adverse change in the rights and obligations of Tenant hereunder, then Tenant agrees that the Lease may be so modified. 
  

	26.08	EXCULPATION 

 Tenant agrees, on its behalf and on
behalf of its successors and assigns, that any liability or obligation under this Lease shall only be enforced against Landlord’s equity interest in the Property up to a maximum of Five Million Dollars ($5,000,000.00) and in no event against
any other assets of Landlord, or Landlord’s officers or directors. 
  

	26.09	ACCORD AND SATISFACTION 

 No payment by Tenant or
receipt by Landlord of a lesser amount than any installment or payment of Rent due shall be deemed to be other than on account of the amount due, and no endorsement or statement on any check or any letter accompanying any check or payment of Rent
shall be deemed an accord and satisfaction, and Landlord may accept such check or payment without prejudice to Landlord’s right to recover the balance of such installment or payment of Rent or pursue any other remedies available to Landlord. No
receipt of money by Landlord from Tenant after the termination of this Lease or Tenant’s right of possession of the Premises shall reinstate, continue or extend the Term. 

 

	26.10	LANDLORD’S OBLIGATIONS ON SALE OF BUILDING 

In the event of any sale or other transfer of the Building, Landlord shall be entirely freed and relieved of all agreements and obligations of Landlord
hereunder accruing or to be performed after the date of such sale or transfer, provided that all of Landlord’s obligations hereunder are specifically assumed by the buyer or transferee. 

 

	26.11	BINDING EFFECT 

 This Lease shall be binding upon
and inure to the benefit of Landlord and Tenant and their respective heirs, legal representatives, successors and permitted assigns. 
  

	26.12	CAPTIONS 

 The Article and Section captions in
this Lease are inserted only as a matter of convenience and in no way define, limit, construe, or describe the scope or intent of such Articles and Sections. 
  

	26.13	APPLICABLE LAW 

 This Lease shall be construed in
accordance with the laws of the State of New Jersey. If any term, covenant or condition of this Lease or the application thereof to any person or circumstance shall, to any extent, be invalid or unenforceable, the remainder of this Lease, or the
application of such term, covenant or condition to persons or circumstances other than those as to which it is held invalid or unenforceable, shall not be affected thereby and each item, covenant or condition of this Lease shall be valid and be
enforced to the fullest extent permitted by law. 

  
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	26.14	ABANDONMENT 

 In the event Tenant vacates or
abandons the Premises but is otherwise in compliance with all the terms, covenants and conditions of this Lease, Landlord shall (i) have the right to enter into the Premises in order to show the space to prospective tenants, (ii) have the
right to reduce the services provided to Tenant pursuant to the terms of this Lease to such levels as Landlord reasonably determines to be adequate services for an unoccupied premises, and (iii) during the last six (6) months of the Term,
have the right to prepare the Premises for occupancy by another tenant upon the end of the Term. Tenant expressly acknowledges that in the absence of written notice pursuant to Section 11.02(a) hereof, none of the foregoing acts of Landlord or
any other act of Landlord shall constitute a termination of Tenant’s right to possession or an acceptance of Tenant’s surrender of the Premises, and the Lease shall continue in effect. 

 

	26.15	LANDLORD’S RIGHT TO PERFORM TENANT’S DUTIES 

 If Tenant fails timely to perform any of its duties under this Lease, Landlord shall have the right (but not the obligation), to perform such duty on behalf and at the expense of Tenant without prior
notice to Tenant, and all sums expended or expenses incurred by Landlord in performing such duty shall be deemed to be additional Rent under this Lease and shall be due and payable upon demand by Landlord. 

 

	26.16	ENVIRONMENTAL MATTERS 

 (a) (i)
Tenant represents and warrants that it is not an “Industrial Establishment” as that term is defined in the Industrial Site Recovery Act, N.J.S.A. 13:1k-6 et seq., as same may be amended from time to time (the
“Act”). Tenant shall not do or suffer anything that will cause it to become an Industrial Establishment under the Act during the Term. Landlord may from time to time require Tenant at Tenant’s sole expense to provide proof
satisfactory to Landlord that Tenant is not an Industrial Establishment. In the event that Tenant now is or hereafter becomes an Industrial Establishment (which event shall cause Tenant to be in default under this Lease) Tenant shall comply with all
conditions set forth below. 
 (ii) Tenant agrees that it shall, at its sole cost and expense, fulfill, observe and comply with
all of the terms and provisions of the Act and all rules, regulations, ordinances, opinions, orders and directives issued or promulgated pursuant to or in connection with said Act by the Department of Environmental Protection (“DEP”). (The
Act and all said rules, regulations, ordinances, opinions, orders and directives are hereinafter collectively referred to as “ISRA”). Without limiting the foregoing, upon Landlord’s request therefor, and in all events no later than
sixty (60) days prior to “closing, terminating or transferring operations” (as said terms are defined in ISRA) which would be subject to an obligation to comply with ISRA if an industrial establishment is present at the Premises,
Tenant, at its sole cost and expense, shall provide Landlord with a true copy of: 
 (A) an opinion letter from DEP (or such
other agency or body which shall then have jurisdiction over ISRA matters) in form satisfactory to Landlord’s counsel, stating that ISRA does not apply to Tenant, Tenant’s use and occupancy of the Premises and to the closing, terminating
or transferring of operations at the Premises; or 
 (B) a Negative Declaration (as said term is defined in ISRA) duly approved
by DEP (or such other agency or body then having jurisdiction over ISRA matters); or 
 (C) a Remedial Action Workplan (as said
term is defined in ISRA) duly approved by DEP (or such other agency or body then having jurisdiction over ISRA matters). 

(iii) Nothing contained in this Section shall be construed as limiting Tenant’s obligation to otherwise comply with ISRA.

  
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 (iv) In the event Tenant complies with subparagraph (a) (ii) of this
Section 26.16 by obtaining an approved Remedial Action Workplan, Tenant agrees that it shall, at its sole cost and expense: 
 (A) post any financial guarantee or other assurance required to secure implementation and completion of such Remedial Action Workplan; and 

(B) promptly implement and diligently prosecute to completion said Remedial Action Workplan in accordance with the schedule contained
therein or as may otherwise be ordered or directed by DEP or such other agency or body which shall then have jurisdiction over such Remedial Action Workplan. Tenant expressly understands, acknowledges and agrees that Tenant’s compliance with
the provisions of this subparagraph (iv) may require Tenant to expend or do acts after the expiration or termination of the Term and Tenant shall not be excused therefrom. Any remediation conducted at the Premises by Tenant under ISRA or
otherwise shall be to the most stringent standard applicable to ISRA and shall not involve alternative standards, institutional or engineering controls. 
 (v) Within ten (10) days after a written request by Landlord or any Mortgagee, Tenant shall deliver to Landlord and the Mortgagee, if any, a duly executed and acknowledged affidavit of Tenant’s
chief executive officer, certifying: 
 (A) the proper four digit Standard Industrial Classification Number relating to
Tenant’s then current use of the Premises (Standard Industrial Classification Number to be obtained by reference to the then current Standard Industrial Classification Manual prepared and published by the Executive Office of the President,
Office of Management and Budget or the successor to such publication); and 
 (B) (i) that Tenant’s then current use of
the Premises does not involve the generation, manufacture, refining, transportation, treatment, storage, handling or disposal of Hazardous Material on the site, above ground or below ground, or (ii) that Tenant’s then current use does
involve the presence of Hazardous Material, in which event, said affidavit shall describe in complete detail Tenant’s operations which involves the presence of Hazardous Material. Such description shall, inter alia, identify each
Hazardous Material and describe the manner in which Tenant generated, handled, manufactured, refined, transported, treated, stored, and/or disposed of same. Tenant shall supply Landlord and the Mortgagee, if any, with such additional information
relating to the presence of Hazardous Material as Landlord or its Mortgagee requests (nothing contained in this subsection (B) shall be deemed or construed to permit Tenant to use Hazardous Material). 

(vi) without limiting the foregoing, Tenant agrees: 
 (A) at its sole cost and expense, to promptly discharge and remove any lien or encumbrance against the Premises, or any other property owned or controlled, in whole or in part, by Landlord imposed due to
Tenant’s failure to comply with ISRA, and 
 (B) to defend (with counsel approved by Landlord), indemnify and hold
Landlord harmless from and against any and all liability, penalty, loss, expenses, damages, costs, claims, causes of action, judgments and/or the like, of whatever nature, including but not limited to attorney’s fees and other costs of
litigation or preparation therefor, to the extent such costs arise from or in connection with Tenant’s failure or inability, for any reason whatsoever, to observe or comply with ISRA and/or provisions of this subparagraph 26.16(a). 

(vii) Tenant agrees that each and every provision of this subparagraph 26.16(a) shall survive the expiration or early termination of the
Term. The parties hereto expressly acknowledge and agree that Landlord would not enter into this Lease but for the provisions of this subparagraph 26.16(a) and the aforesaid survival thereof. 

(b) (i) Tenant agrees that it shall, at its sole cost and expense, observe, comply and fulfill all of the terms and provisions of the
Spill Compensation and Control Act, N.J.S.A. 58:10-23.11 et seq., as the same may be amended from time to time and all rules, regulations, ordinances, opinions, orders and directives issued or promulgated pursuant to or in connection with said act
by DEP, any subdivision or bureau thereof or governmental or quasi-governmental agency or body having jurisdiction thereof (said act and all said rules, regulations, ordinances, opinions, orders and directives are hereinafter in this subparagraph
26.16(b) collectively referred to as the “Spill Act”). 

  
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 (iii) Without limiting the foregoing, Tenant agrees: 

(A) that it shall not do, omit to do or suffer the commission or omission of any act which is prohibited by or may result in any
liability under the Spill Act, including without limitation, the discharge of petroleum products or other hazardous substances (as said terms are defined in the Spill Act); and 

(B) whenever the Spill Act requires the “owner or operator” to do any act, Tenant shall do such act and fulfill all such
obligations at its sole cost and expense, it being the intention of the parties hereto that Landlord shall be free of all expenses and obligations arising from or in connection with compliance with the Spill Act. 

(iii) Without limiting the foregoing, Tenant agrees: 
 (A) at its sole cost and expense, to promptly discharge and to remove any lien or any encumbrance against the Premises, or any other property owned or controlled, in whole or in part, by Landlord, imposed
by Tenant’s failure to comply with the Spill Act; and 
 (B) to defend (with counsel approved by Landlord), indemnify and
hold Landlord harmless from and against any and all liability, penalty, loss, expenses, damages, costs, claims, causes of action, judgments and/or the like, of whatever nature, including but not limited to attorneys’ fees and other expenses of
litigation or preparation therefor, to the extent such costs arise from or in connection with Tenant’s failure or inability, for any reason whatsoever, to observe or comply with the Spill Act and/or the provisions of this subparagraph 26.16(b).

 (iv) Tenant agrees that each and every provision of this subparagraph 26.16(b) shall survive the expiration or earlier
termination of the Term. The parties hereto expressly agree and acknowledge that Landlord would not enter into this Lease but for the provisions of this subparagraph 26.16(b) and the aforesaid survival thereof. 

(c) (i) Tenant agrees that it shall, at its sole cost and expense, promptly comply with all Environmental Laws applicable to its business
and properties, wheresoever located, or the Premises. Without limiting the foregoing, Tenant agrees: 
 (A) that it shall not
allow to occur any action or omission which is prohibited by or may result in any liability under any Environmental Law; 
 (B)
whenever any Environmental Law requires any action of either or both of the owner or operator of the Premises, Tenant shall fulfill all such obligations at its sole cost and expense, it being the intention of the parties hereto that Landlord shall
be free of all expenses or obligations arising from or in connection with compliance with any Environmental Law and Tenant shall bear all such expenses and obligations as if it were the sole owner and operator of the Premises. 

(ii) Without limiting the foregoing, Tenant agrees: 
 (A) at its sole cost and expense to promptly discharge and remove any lien or encumbrance against the Premises or any property owned or controlled in whole or in part by Landlord, imposed by reason of
Tenant’s failure to comply with any Environmental Law or any provision of this subparagraph 26.16(c). 
 (B) to defend
(with counsel approved by Landlord), indemnify and hold Landlord harmless from and against any and all liabilities, penalties, losses, expenses, damages, costs, claims, causes of actions, judgments and/or the like, of whatever nature, including but
not limited to attorneys’ fees and other expenses of litigation or preparation therefor, including any action brought under this subparagraph 26.16(c), to the extent such costs arise from or in connection with Tenant’s failure to comply
with any Environmental Law or any provision of this subparagraph 26.16(c). 
 (iii) Within ten (10) days after a written
request by Landlord or any Mortgagee, Tenant shall deliver to Landlord and the Mortgagee, if any, a fully executed acknowledged affidavit of Tenant’s 

  
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chief executive officer, certifying that Tenant is not in violation of any Environmental Law. Tenant shall supply Landlord and the Mortgagee, if any, with all information relating to any alleged
or actual violation of any Environmental Law as Landlord or Mortgagee reasonably requests within ten (10) days of a written request for such information. 
 (iv) Tenant agrees that each and every provision of this subparagraph 26.16(c) shall survive the expiration or earlier termination of the Term. The parties hereto expressly agree and acknowledge that
Landlord would not enter into this Lease but for the provisions of this subparagraph 26.16(c) and the survival thereof. 
 (d)
Without limitation of any of the provisions of this Section 26.16, Tenant shall not store, generate, manufacture, produce, treat, dispose of, release or discharge on, under or about the Premises any Hazardous Material. 

 

	26.17	RIDERS 

 All Riders attached hereto and executed
both by Landlord and Tenant shall be deemed to be a part hereof and hereby incorporated herein. 
 IN WITNESS WHEREOF, this Lease has been
executed as of the date set forth in Section 1.01(4) hereof. 
  

									
	LANDLORD:	 		 	 TENANT:

			
	METROPOLITAN LIFE INSURANCE COMPANY	 		 	MANAGEMENT DYNAMICS, INC.
					
	By:	 	  
	 		 	By:	 	John W. Preuninger
	Its:	 	A.V.P.	 		 	Its:	 	President
		 		 		 		 	John W. Preuninger

  
 - 33 -

 EXHIBIT A 
 PLAN OF PREMISES 

  
 Exhibit A - 1

 EXHIBIT B 
 [Intentionally Omitted] 

  
 Exhibit B - 1

 EXHIBIT C 
 BUILDING SPECIFICATIONS 

  
 Exhibit C - 1

 EXHIBIT D 
 RULES AND REGULATIONS 
  

	(1)	No sign, lettering, picture, notice or advertisement shall be placed on any outside window or in a position to be visible from outside the Premises and if visible from
the outside or public corridors within the Building shall be installed in such manner and be of such character and style as Landlord shall approve in writing. 

 

	(2)	Tenant shall not use the name of the Building for any purpose other than Tenant’s business address; Tenant shall not use the name of the Building for Tenant’s
business address after Tenant vacates the Premises; nor shall Tenant use any picture or likeness of the Building in any circulars, notices, advertisements or correspondence. 

 

	(3)	No article which is explosive or inherently dangerous is allowed in the Building. 

 

	(4)	Tenant shall not represent itself as being associated with any company or corporation by which the Building may be known or names. 

 

	(5)	Sidewalks, entrances, passages, courts, corridors, halls, elevators and stairways in and about the Premises shall not be obstructed. 

 

	(6)	No animals (except for dogs in the company of a blind person), pets, bicycles or other vehicles shall be brought or permitted to be in the Building or the Premises.

  

	(7)	Room-to-room canvasses to solicit business from other tenants of the Building are not permitted; Tenant shall not advertise the business, profession or activities of
Tenant conducted in the Building in any manner which violates any code of ethics by any recognized association or organization pertaining to such business, profession or activities. 

 

	(8)	Tenant shall not waste electricity, water or air-conditioning and shall cooperate fully with Landlord to assure the most effective and efficient operation of the
Building’s heating and air-conditioning systems. 

  

	(9)	No locks or similar devices shall be attached to any door except by Landlord and Landlord shall have the right to retain a key to all such locks. Tenant may not install
any locks without Landlord’s prior approval. 

  

	(10)	Tenant assumes full responsibility of protecting the Premises from theft, robbery and pilferage; the Indemnitees shall not be liable for damage thereto or theft or
misappropriation thereof. Except during Tenant’s normal business hours, Tenant shall keep all doors to the Premises locked and other means of entry to the Premises closed and secured. All corridor doors shall remain closed at all times. If
Tenant desires telegraphic, telephones, burglar alarms or other electronic mechanical devices, Landlord will, upon request direct where and how connections and all wiring for such services shall be installed and no boring, cutting or installing of
wires or cables is permitted without Landlord’s approval. 

  

	(11)	Except with the prior approval of Landlord, all cleaning, repairing, janitorial, decorating, painting or other services and work in and about the Premises shall be done
only by authorized Building personnel. 

  

	(12)	The weight, size and location of safes, furniture, equipment, machines and other large or bulky articles shall be subject to Landlord’s approval and shall be
brought to the Building and into and out of the Premises at such times and in such manner as Landlord shall direct and at Tenant’s sole risk and cost. Prior to Tenant’s removal of any of such articles from the Building, Tenant shall obtain
written authorization of the Office of the Building and shall present such authorization to a designated employee of Landlord. 

  

	(13)	Tenant shall not overload the safe capacity of the electrical wiring of the Building and the Premises or exceed the capacity of the feeders to the Building or risers.

  

	(14)	To the extent permitted by law, Tenant shall not cause or permit picketing or other activity which would interfere with the business of Landlord or any other tenant or
occupant of the Building, or distribution of written materials involving its employees in or about the Building, except in those locations and subject to time and other limitations as to which Landlord may give prior written consent.

	(15)	Tenant shall not cook, otherwise prepare or sell any food or beverages in or from the Premises or use the Premises for housing accommodations or lodging or sleeping
purposes except that Tenant may install and maintain vending machines, coffee/beverage stations and food warming equipment and eating facilities for the benefit of its employees or guests, provide the same are maintained in compliance with
applicable laws and regulations and do not disturb other tenants in the Building with odor, refuse or pests. 

  

	(16)	Tenant shall not permit the use of any apparatus for sound production or transmission in such manner that the sound so transmitted or produced shall be audible or
vibrations therefrom shall be detectable beyond the Premises; nor permit objectionable odors or vapors to emanate from the Premises. 

  

	(17)	No floor covering shall be affixed to any floor in the Premises by means of glue or other adhesive without Landlord’s prior written consent.

  

	(18)	Tenant shall at all time maintain the window blinds in the lowered position, though Tenant may keep the louvers open. 

 

	(19)	Tenant shall only use the freight elevator for mail carts, dollies and other similar devices for delivering material between floors that Tenant may occupy.

  

	(20)	No smoking, eating, drinking, loitering or laying is permitted in the Common Area except in designated areas. 

 

	(21)	Landlord may require that all persons who enter or leave the Building identify themselves to security guards, by registration or otherwise. Landlord, however, shall
have no responsibility or liability for any theft, robbery or other crime in the Building. Tenant shall assume full responsibility for protecting the Premises, including keeping all doors to the Premises locked after the close of business.

  

	(22)	Tenant shall comply with all safety, fire protection and evacuation procedures and regulations established by Landlord or any governmental agency and shall cooperate
and participate in all reasonable security and safety programs affecting the Building. 

 COMMENCEMENT DATE AGREEMENT 

THIS AGREEMENT (“Agreement”) made as of the 8th day of August, 2000, by and between METROPOLITAN LIFE INSURANCE COMPANY, a New
York corporation having its principal place of business at One Madison Avenue, New York, New York 10010 (“Landlord”) and Celarix, Inc., a Delaware Corporation having an office at One Meadowlands Plaza, East Rutherford, New Jersey 07073
(“Tenant”). 
 W I T N E S S E T H 

WHEREAS, Landlord and Tenant (by its predecessor-in-interest, (Management Dynamics, Inc.) entered into an Agreement
of Lease dated October 5, 1998, as amended by the First Amendment to Agreement of Lease dated July 28, 2000, (collectively, the “Lease”), setting forth the terms of occupancy by Tenant of premises located on the eighth (8th) and fourteenth (14th) floors of Metropolitan Executive Towers, One Meadowlands
Plaza, East Rutherford, New Jersey 07073; and 
 WHEREAS, the First Amendment to Agreement of Lease, as to the “Additional
Space” (as such term is defined therein) is for a term commencing on the “Additional Space Commencement Date” (as such term is defined therein) through and including the end of the term of the Lease; and 

WHEREAS, it has been determined in accordance with the provisions of Section 3a of the First Amendment to Agreement of Lease that
August 8, 2000 is the Additional Space Commencement Date. 
 NOW THEREFORE, in consideration of the premises and the
covenants hereinafter set forth, it is agreed: 
 1. The Additional Space Commencement Date is August 8, 2000. 

2. This Agreement is executed by the parties for the purpose of providing a record of Additional Space Commencement Date. 

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

 

							
		 		 	 LANDLORD:

		 		 	METROPOLITAN LIFE INSURANCE COMPANY
				
	  
	 		 	By:	 	  

	WITNESS/ATTEST:	 		 		 	
			
		 		 	 TENANT:

		 		 	CELARIX, INC.
				
	  
	 		 	By:	 	  

	WITNESS/ATTEST	 		 		 	

  
 1

 First Amendment To Agreement Of Lease 

First Amendment To Agreement of Lease (“Agreement”) made as of this 28th day of July, 2000 between Metropolitan Life Insurance Company, a New
York corporation having its principal place of business at One Madison Avenue, New York, New York 10010 (“Landlord”) and Celarix, Inc., a Delaware corporation having an office at One Meadowlands Plaza, East Rutherford, New Jersey 07073
(“Tenant”). 
 WITNESSETH: 

WHEREAS, Landlord and Tenant (by its predecessor-in-interest, Management Dynamics, Inc.) heretofore entered into a
certain written Office Lease dated October 5, 1998 (the “Lease”) wherein and whereby Landlord leased to Tenant, and Tenant hired from Landlord those certain premises (the “Premises”) as shown on the plans annexed to the
Lease as Exhibit A on the 8th floor (sometimes,
hereinafter, exclusive of the “Additional Space”, hereinafter defined, the “8th Floor Portion”) in the building known as Metropolitan Executive Towers, One Meadowlands Plaza, East Rutherford, New Jersey 07073 (the “Building”); and 

WHEREAS, Landlord and Tenant wish to modify the Lease, subject to the terms and conditions hereinafter set forth,
to, inter alia, (i) increase the size of the Premises by adding a portion of the 14th floor of the Building (sometimes, hereinafter, the “Additional Space”), as shown hatched on Exhibit A-1 attached hereto and made a part hereof, to the Premises and (ii) extend the term of
the Lease; and 
 WHEREAS, the Lease is in full force and effect; and 

WHEREAS, Landlord and Tenant desire to modify the Lease only in the respects hereinafter stated NOW, THEREFORE, in consideration of the
premises and the mutual covenants hereinafter contained, the parties hereto by these presents do covenant and agree as follows: 
 1. All
capitalized terms used herein without definition are used herein with the meanings assigned to such terms in the Lease, unless the context otherwise requires. 
 2. The term of the Lease is extended to October 31, 2007 (the “Extended Term”). 

3. With respect to the Additional Space: 

(a) Effective the later of: (i) date Landlord obtains possession of the Additional Space free of any and all tenancies and occupancies; or
(ii) August 1, 2000 (the “Additional Space Commencement Date”) and through and including the end of the term of the Lease, as modified by this Agreement (to wit: October 31, 2007), the Additional Space (which Landlord and
Tenant agree contains 3,957 rentable square feet) shall be added to the Premises, bringing the aggregate total of the Premises to 7,799 rentable square feet. In order to accomplish the addition of the Additional Space to the Premises, Landlord does
hereby lease to Tenant and Tenant does hereby hire from Landlord the Additional Space for the period to commence on the Additional Space Commencement Date and to end October 31, 2007 or on such earlier date upon which the term may expire
pursuant to any of the terms, covenants, conditions, provisions and agreements of the Lease, as modified by this Agreement, it being the intention and agreement of Landlord and Tenant that, by reason of such addition of the Additional Space to the
Premises, the Premises shall be those covered by the Lease, as modified by this Agreement, from and after the Additional Space Commencement Date. The Additional Space shall be subject to all of the terms, covenants and conditions of the Lease, as
modified by this Agreement. 

  
 2

 (a)(a) Notwithstanding anything to the contrary contained herein, in the event the Additional Space
Commencement Date has not occurred by 12 Noon (EST), October 2, 2000 for any reason, other than Tenant’s act, Tenant shall have the right to cancel this Agreement by delivery of written notice thereof to Landlord on or before 12 Noon
(EST), October 13, 2000, all time frames in this Clause (a)(a) being of the essence. In the event of the cancellation of this Agreement, in accordance with the terms of this Clause (a)(a), the Lease, nonetheless, shall remain in full
force and effect. 
 (b) Effective the 91st day subsequent to the Additional Space Commencement Date (the “Additional Space Rent
Commencement Date”) and for the remainder of the term of the Lease, as modified by this Agreement, Tenant shall pay, in addition to the Annual Base Rent specified in the Lease for the portions of the Premises exclusive of the Additional Space,
the following Annual Base Rent: (i) from and including the Additional Space Rent Commencement Date through and including October 31, 2005, One Hundred Twenty Two Thousand Six Hundred Sixty Seven Dollars ($122,667.00) per annum payable in
equal monthly installments of Ten Thousand Two Hundred Twenty Two Dollars Twenty Five Cents ($10,222.25) per month; and thereafter (ii) from and including the November 1, 2005 through and including the end of the term of the Lease, as
modified by this Agreement, One Hundred Thirty Four Thousand Five Hundred Thirty Eight Dollars ($134,538.00) per annum in equal monthly installments of Eleven Thousand Two Hundred Eleven Dollars Fifty Cents ($11,211.50) per month. 

(c) Electric power shall be supplied by Landlord to the Additional Space in accordance with Article Six of the Lease with the annual rate charged to
Tenant equal to One Dollar Thirty Five Cents ($1.35) per rentable square foot for normal business hours further provided that Landlord, at its sole option and expense, shall have the right, from time to time, to survey the Premises in order to
determine the amount and level of electric power consumed therein and in the event Tenant’s consumption of electric power exceeds, in Landlord’s reasonable judgment, normal business office usage, Landlord shall have the right to increase
the rate for normal business hours accordingly. 
 In addition, Tenant shall also pay for the cost of electric used for excess and after normal
business hours heating, ventilating and air-conditioning at the rate of One Hundred Twenty Five Dollars ($125.00) per hour for the Additional Space notwithstanding anything to the contrary contained in the Lease. 

(d) Annual Base Rent, additional rent and the Electric Charge (to the extent applicable) for the Additional Space shall be paid by Tenant to Landlord at
the times and in the manner specified in the Lease. In the event the Additional Space Rent Commencement Date occurs on other than the first day of a month, payments for that month shall be prorated on the basis of three hundred sixty (360) day
year with twelve (12) months of thirty (30) days each. 
 (e) Tenant hereby covenants and agrees that the Additional Space shall be
used solely for the purposes set forth in the Lease, and for no other purpose. 
 (f) Tenant shall pay additional rent for “Operating
Expenses” and “Taxes” (pursuant to Article Four of the Lease) further provided that (i) Tenant’s Share for Operating Expenses and Taxes for the Additional Space is .99% (and, accordingly, Tenant’s share for the Premises
from and after the Additional Space Commencement Date shall be 1.95%) and (ii) Tenant’s “Adjustment Year” for the Additional Space shall be the calendar year commencing January 1, 2001 (Tenant’s Adjustment Year for the
balance of the Premises, exclusive of the Additional Space remaining unchanged). 
 (g) Within fifteen (15) business days from the date
hereof, Tenant shall submit to Landlord a detailed design plan in order that Landlord may promptly cause to be prepared plans and specifications to prepare the Additional Space for Tenant’s use in accordance with such plans and specifications
(“Landlord’s Work”). Landlord shall submit the plans and specifications to Tenant for approval, which approval shall not be unreasonably withheld further provided that Tenant acknowledges that in the event objections have not been
submitted to Landlord in writing by Tenant within ten (10) business days from the date of delivery of the plans and specifications to Tenant, 

  
 3 

 
such plans and specifications shall be deemed approved. Landlord’s Work shall be done at Landlord’s cost and expense (“Landlord’s Contribution”) not to exceed Fifty Nine
Thousand Three Hundred Fifty Five Dollars ($59,355.00) further provided that Tenant covenants and agrees to pay Landlord any and all costs and expenses above Landlord’s Contribution (“Tenant’s Contribution”) provided, however,
Tenant shall not be obligated to pay any portion of Tenant’s Contribution until Landlord has incurred and disbursed all of Landlord’s Contribution. Notwithstanding the foregoing or anything else to the contrary contained herein, Tenant
understands, acknowledges and agrees that for internal budgetary and other considerations, Landlord will not obligated to disburse any portion of Landlord’s Contribution after December 31, 2000 unless Tenant, by written notice delivered to
Landlord on or before September 30, 2000, time being of the essence, requests the right to defer the disbursement of up to but not more than one-half of Landlord’s Contribution to but not beyond December 31, 2001. Tenant’s
Contribution shall be paid to Landlord within fifteen (15) business days of Landlord’s written demand therefor, which demand shall include reasonable and appropriate back-up further provided that Tenant acknowledges that Landlord’s
written demand for Tenant’s Contribution shall be made from time to time prior to such costs and expenses comprising Tenant’s Contribution being incurred. Landlord’s Contribution shall include the cost of all architectural services
(including review of Tenant’s design plan) and permit and design fees. Further with respect to the Landlord’s Work and any hard costs (as part of Tenant’s Contribution) paid for by Tenant over and above the Landlord’s
Contribution, Tenant acknowledges that an amount not to exceed two and one/half (2.5%) percent of the Landlord’s Contribution for hard costs and hard costs of Tenant’s Contribution (if any) shall be due and payable by Tenant as a
construction management fee to Landlord’s construction manager. With respect to the Landlord’s Contribution, such amount shall be applied from any draw request and with respect to Tenant’s Contribution (if any), Tenant agrees to
promptly [within thirty (30) days of substantial completion of the Landlord’s Work] pay such fee to Landlord’s construction manager. Landlord agrees to competitively “bid out” Landlord’s Work with not less than three
(3) construction management firms further provided that the final decision as to the construction management firm selected and the contract cost shall be subject to Tenant’s approval, which approval shall not be unreasonably withheld or
delayed. 
 4. With respect to the 8th Floor Portion: 
 (a) Effective January 1, 2004, and through and including the end of the term of the Lease, as modified by this Agreement, the Annual Base Rent specified in the Lease shall be amended to be One
Hundred Twenty Four Thousand Eight Hundred Sixty Five Dollars ($124,865.00) per annum payable in equal monthly installments of Ten Thousand Four Hundred Five Dollars Forty Two Cents ($10,405.42) per month. 

(b) Electric power shall continue to be supplied by Landlord in accordance with and at the rate set forth in Article Six of the Lease. In addition,
Tenant shall also pay for the cost of electric used for excess and after normal business hours heating, ventilating and air-conditioning at the rate of One Hundred Twenty Five Dollars ($125.00) per hour for the Additional Space notwithstanding
anything to the contrary contained in the Lease. 
 (c) Tenant shall pay additional rent for “Operating Expenses” and
“Taxes” pursuant to Article Four, without any change in Adjustment Year. 
 (d) Within fifteen (15) business days from the date
hereof, Tenant shall submit to Landlord a detailed design plan in order that Landlord may promptly cause to be prepared plans and specifications to upgrade the 8th Floor Portion for Tenant’s use in accordance with such plans and specifications
(“Landlord’s Upgrade Work”). Landlord shall submit the plans and specifications to Tenant for approval, which approval shall not be unreasonably withheld further provided that Tenant acknowledges that in the event objections have not
been submitted to Landlord in writing by Tenant within ten (10) business days from the date of delivery of the plans and specifications to Tenant, such plans and specifications shall be deemed approved. Landlord’s Upgrade Work shall be
done at Landlord’s cost (“Landlord’s Upgrade Contribution”) not to exceed Thirty Four Thousand Five Hundred Seventy Eight Dollars ($34,578.00) further provided that Tenant covenants and agrees to pay Landlord any and all costs
and expenses 

  
 4 

 
above Landlord’s Upgrade Contribution (“Tenant’s Upgrade Contribution”) provided, however, Tenant shall not be obligated to pay any portion of Tenant’s Upgrade
Contribution until Landlord has incurred and disbursed all of Landlord’s Upgrade Contribution. Tenant’s Upgrade Contribution shall be paid to Landlord within fifteen (15) business days of Landlord’s written demand therefore,
which demand shall include reasonable and appropriate back-up further provided that Tenant acknowledges that Landlord’s written demand for Tenant’s Upgrade Contribution shall be made from time to time prior to such costs and expenses
comprising Tenant’s Contribution being incurred. Notwithstanding the foregoing or anything else to the contrary contained herein, Tenant understands, acknowledges and agrees that for internal budgetary and other considerations, Landlord will
not obligated to disburse any portion of Landlord’s Upgrade Contribution after December 31, 2000 unless Tenant, by written notice delivered to Landlord on or before September 30, 2000, time being of the essence, requests the
right to defer the disbursement of up to but not more than one-half of Landlord’s Contribution to but not beyond December 31, 2001. Landlord’s Upgrade Contribution shall include the cost of all architectural services (including review
of Tenant’s design plan) and permit and design fees. Further with respect to the Landlord’s Upgrade Work and any hard costs (as part of Tenant’s Upgrade Contribution) paid for by Tenant over and above the Landlord’s Upgrade
Contribution, Tenant acknowledges that an amount not to exceed two and one/half (2.5%) percent of the Landlord’s Upgrade Contribution for hard costs and hard costs of Tenant’s Upgrade Contribution (if any) shall be due and payable by
Tenant as a construction management fee to Landlord’s construction manager. With respect to the Landlord’s Upgrade Contribution, such amount shall be applied from any draw request and with respect to Tenant’s Upgrade Contribution (if
any), Tenant agrees to promptly [within thirty (30) days of substantial completion of the Landlord Upgrade Work] pay such fee to Landlord’s construction manager. Landlord agrees to competitively “bid out” Landlord’s Upgrade
Work with not less than three (3) construction management firms further provided that the final decision as to the construction management firm selected and the contract cost shall be subject to Tenant’s approval, which approval shall not
be unreasonably withheld or delayed. 
 5. Notwithstanding anything to the contrary contained herein, subject otherwise to the terms and
conditions of Paragraphs 3 (g) and 4 (d) of this Agreement, Tenant, at its sole option, upon not less than ten (10) business days prior written notice to Landlord, may elect to apply all or any portion of Landlord’s Contribution
for Landlord’s Upgrade Work, and visa versa, provided however, in no event shall the aggregate sum exceed Ninety Three Thousand Nine Hundred Thirty Three ($93,933.00). 
 6. 
 (a) Landlord agrees that Landlord’s Work and Landlord’s
Upgrade Work shall be performed in a diligent and good and workerlike manner, in accordance with applicable governmental rules and regulations using commercially reasonable efforts to schedule construction in a manner that will expedite substantial
completion of Landlord’s Work and Landlord’s Upgrade Work, as required herein. Upon substantial completion of Landlord’s Work and Landlord’s Upgrade Work, as the case may be, Landlord shall secure and deliver to Tenant, but at
Tenant’s sole cost and expense, a certificate of occupancy for the Additional Space and 8th Floor Portion. 
 (b) Landlord agrees that Tenant, at its sole cost and
expense, shall have the right to connect the Additional Space to the 8th Floor Portion by cables and wires through the Building shafts and risers, expressly provided such work is performed, under Landlord’s supervision, by contractors approved in writing by Landlord,
which approval shall not be unreasonably withheld or delayed, in accordance with plans and specifications approved in writing by Landlord, which approval shall not be unreasonably withheld or delayed. 

(c) With respect to the Additional Space and the 8th Floor Portion, and the performance by Landlord of Landlord’s Work and Landlord’s Upgrade Work respectively,
Tenant shall be conclusively deemed to have agreed that Landlord performed all of its obligations hereunder with respect thereto and that the Additional Space and 8th Floor Portion were in satisfactory condition as of the date of substantial completion of such Landlord’s Work or
Landlord’s Upgrade Work, as the case may be, and Landlord’s delivery of a certificate of occupancy for the 

  
 5 

 
Additional Space and 8th Floor Portion, as the case may be, to Tenant, unless within (i) thirty (30) days after such date Tenant shall give written notice (the “Punchlist Notice”) to Landlord specifying the
respects in which either portion of the Premises was not in satisfactory condition, or (ii) within one (1) year from such date, time being of the essence, Tenant shall give notice to Landlord (the “Defects Notice”)
specifying the defects in either portion of the Premises, in which event the Premises shall be conclusively deemed to be in satisfactory condition except for the items set forth in the Punchlist Notice or Defects Notice, as the case may be, which
items Landlord shall act diligently to complete or correct, as the case may be. The giving of the Punchlist Notice shall have no affect whatsoever upon Tenant’s obligation to pay Annual Base Rent or additional rent in accordance with the Lease,
as modified by this Agreement. 
 7. 

(a) By written notice delivered to Landlord on or before the date which is twelve (12) months prior to the last day of the Extended Term (the
“Exercise Date”), time being of the essence, expressly provided that Tenant is not in default in any respect under the terms of the Lease beyond any applicable notice and grace period on (i) the Exercise Date and (ii) the
last day of the Extended Term (the “Expiration Date”), Tenant shall have the option to extend the term of the Lease for the entire (and not less) Premises for five (5) years commencing on the first day following the Expiration Date
and ending on the date which is five (5) years thereafter (hereinafter called the “Renewal Term”) upon the same terms and conditions hereof except that the Annual Base Rent to be paid by Tenant for the Renewal Term shall be the annual
fair market rental value for the Premises, as determined as hereinafter set forth, and to be effective on the first day of the Renewal Term. In this regard, no earlier than one hundred eighty (180) days and no later than one hundred twenty
(120) days prior to the Expiration Date, which sixty (60) day period is hereinafter referred to as the “Exchange Period”, Landlord shall submit to Tenant a statement of Landlord’s determination of the annual fair market
rental value for the Premises for the Renewal Term, which statement shall show the basis upon which such determination was made. Landlord’s determination of the annual fair market rental value shall give due consideration to the rents charged
by Landlord for all leases of comparably sized space (excluding exercise of renewal rights where the tenant had a right of renewal under the terms of its lease) entered into by Landlord for the twelve (12) month period preceding the first day
of the Exchange Period, except that if there were no such leases or such leases were so peculiar to a particular situation that no true comparables would be derived, Landlord may expand the basis of its determination to include the rents being
charged by other owners of first class office of a quality, size and character similar to the Building and located in northern New Jersey. Within ten (10) business days after receipt of Landlord’s determination, Tenant may either
(i) rescind the exercise of its option, (ii) accept Landlord’s determination of the annual fair market rental value or (iii) provide Landlord with its own determination of the annual fair market rental value, including the basis
upon which such determination was made. If Tenant elects option (iii), then Landlord and Tenant shall, for a period of thirty (30) days after Landlord’s receipt of Tenant’s determination, negotiate in good faith to determine the
annual fair market rental value and if Landlord and Tenant are unsuccessful in reaching agreement within such thirty (30) days, either Landlord or Tenant may cause the issue to be arbitrated as hereinafter in this Paragraph 6 set forth. Except
for the Annual Base Rent, the Renewal Term shall be upon all of the terms, covenants and conditions contained in this Lease provided, however, that the Adjustment Years for Operating Expenses and Real Estate Taxes, as set forth in Article Six of the
Lease, shall be adjusted to reflect the Annual Base Rent, as determined in this Paragraph 6. 
 (b) In the event either Landlord or Tenant elect
to arbitrate the issue of annual fair market rental value, such issue shall be determined by arbitration as hereinafter provided. Landlord and Tenant shall each appoint a fit and impartial person as an arbitrator who shall have at least ten
(10) years’ experience in the commercial real estate industry in northern New Jersey (a “Qualified Arbitrator”). Such appointment shall be indicated in writing by each party to the other. The arbitrators so appointed shall
appoint a third Qualified Arbitrator within ten (10) business days after the appointment of the second arbitrator. In case either party shall fail to appoint a Qualified Arbitrator within a period of ten (10) business days after written
notice from the other party to make such appointment, the American Arbitration Association, or its successor (the “AAA”) shall appoint such Qualified Arbitrator(s). The two 

  
 6 

 
(2) arbitrators so appointed shall appoint the third (3rd) arbitrator within ten (10) business days after the appointment of the second (2nd) arbitrator, otherwise the AAA shall
similarly make such appointment. The arbitrators shall proceed with all reasonable dispatch to determine the annual fair market rental value and under all circumstances shall be bound by the terms of the Lease, as modified by this Agreement, and
shall not add to, subtract from, or otherwise modify such provisions. The arbitrators sole discretion in determining the question submitted shall be limited to selecting one of the annual fair market rental values submitted by Landlord or Tenant.
The decision of the arbitrators shall, in any event, be rendered within thirty (30) days after their appointment and such decision shall be in writing and in duplicate with one counterpart delivered to each Landlord and Tenant. The arbitration
shall be conducted in accordance with the rules of the AAA and applicable New Jersey law, and a decision of a majority of the arbitrators shall be binding, final and conclusive upon Landlord and Tenant. The fees of the arbitrators and the expenses
incident to the proceedings shall be shared equally between Landlord and Tenant. 
 (c) In the event the determination of the Annual Base Rent
for the Renewal Term is not finalized until after the first day of the Renewal Term, Tenant shall continue paying the Annual Base Rent payable for the last year of the term of the Lease, as modified by this Agreement, and additional rent as provided
in item (ii) of the last sentence of Section (a) hereof. At such time as the Annual Base Rent is determined, the Annual Base Rent shall be retroactively adjusted to the first day of the Renewal Term, and Tenant shall [within ten
(10) business days of Landlord’s written demand] pay to Landlord the increased Annual Base Rent for the period between the first day of the Renewal Term and the last day of the month in which Landlord’s demand for such payment was
made, and commencing on the first day of the month following the month in which such demand for the lump sum payment was made by Landlord, Tenant shall start making monthly installments of Annual Base Rent in the amount as finally determined.

 8. 
 (a) Landlord and Tenant
confirm that the Security Deposit held by Landlord in accordance with Article Five of the Lease is Seventeen Thousand Two Hundred Eighty Nine Dollars ($17,289.00) further provided that the amount of such Security Deposit now required by Landlord is
hereby increased to be Eighty Three Thousand Two Hundred Seventy One Dollars Ninety Nine Cents ($83,271.99) and, accordingly, concurrently with its execution of this Agreement, Tenant shall remit to Landlord the sum of Sixty Five Thousand Nine
Hundred Eighty Two Dollars Ninety Nine Cents ($65,982.99) to be added to the Security Deposit now so held by Landlord. 

(b) Notwithstanding anything to the contrary contained herein, expressly provided that Tenant is not in default under the terms of
the Lease, as modified by this Agreement, subject to applicable notice and cure periods, on the third (3rd) anniversary of the Additional Space Commencement Date, Landlord agrees to reduce the Security Deposit by Twenty Six Thousand Six Hundred Seventy One Dollars Seventy Four Cents ($26,671.74) so that
the balance of the Security Deposit then remaining for the balance of the term of the Lease, as modified by this Agreement, is Fifty Six Thousand Six Hundred Dollars Twenty Five Cents ($56,600.25). In the event the Security Deposit held by Landlord
is in cash, and a refund is due in accordance with this Paragraph 8, such refund shall be made to Tenant within thirty (30) days following such third (3rd) anniversary of the Additional Space Commencement Date and in the event the Security Deposit is in the form of a
letter of credit, and a refund is due in accordance with this Paragraph 8, upon delivery to Landlord of a substitute letter of credit, in form and content reasonably satisfactory to Landlord, Landlord will surrender the letter of credit so held to
Tenant. 
 9. Notwithstanding anything to the contrary contained in the Lease, as part of Annual Base Rent, and without additional charges of
any kind therefor, during the term of the Lease, as modified by this Agreement, Tenant, its employees, agents, invitees and licensees shall be entitled to use, on a non-exclusive unreserved basis in common with others, twenty eight (28) parking
spaces in the parking area adjoining the Building, subject to the reasonable rules and regulations imposed by Landlord. 

  
 7 

 10. Effective the date hereof, the definition of “Standard Operating Hours”, as set forth in
Article 1.03 (Definitions) of the Lease, for Monday to Friday is amended to be the hours of 7:00 A.M to 7:00 P.M., with all other hours and conditions remaining unchanged. 
 11. Landlord and Tenant represent and warrant to each other that each has not dealt with any real estate agents or brokers in connection with this Agreement other than Cushman & Wakefield of New
Jersey, Inc. (the “Broker”) whose fees, if any, Landlord agrees to pay pursuant to separate written agreements and that this Agreement was not brought about or procured through the use or instrumentality of any other agent or broker.
Landlord and Tenant covenant and agree to indemnify and hold the other harmless from any and all claims for commissions and other compensation made by any agent or agents and/or any broker or brokers, other than the Broker with respect to
Tenant’s indemnity, based on any dealings between Landlord or Tenant, as the case may be, and any agent or agents and/or broker or brokers, together with all reasonable actual out-of-pocket costs and expenses incurred by Landlord in resisting
such claims (including, without limitation, reasonable attorneys’ fees). 
 12. Except as modified by this Agreement, the Lease and all the
terms, covenants, conditions, provisions, and agreements thereof are hereby in all respects ratified, confirmed and approved. 
 13. The Lease,
as modified by this Agreement, contains the entire understanding between the parties. No other representations, warranties, covenants or agreements have been made, except as otherwise expressly provided in this Agreement and the Lease. 

14. This Agreement may not be changed orally, but only by an agreement in writing signed by the party against whom enforcement of any waiver, change,
modification or discharge is sought. 
 15. This Agreement shall be binding upon, and inure to the benefit of the parties hereto, their
respective legal representatives, successors and, except as otherwise provided in the Lease, as modified by this Agreement, their respective assigns. 
 16. The submission of this Agreement to Tenant shall not be construed as an offer, nor shall Tenant have any rights with respect hereto, unless and until Landlord shall execute a copy of this Agreement
and deliver the same to Tenant. 
 IN WITNESS WHEREOF, the parties hereto have respectively executed this Agreement as of the
day and year first above written. 
  

			
	Landlord:
	Metropolitan Life Insurance Company
		
	By:	 	 /s/ W. Mark Keeney

	W. Mark Keeney, Assistant Vice President
	
	Tenant:
	Celarix, Inc.
		
	By:	 	 /s/ John W. Preuninger

	John W. Preuninger, Vice President

  
 8 

 SECOND AMENDMENT TO OFFICE LEASE 

THIS SECOND AMENDMENT TO OFFICE LEASE (this “Second Amendment”) is dated as of June 13, 2006, between CLPF - ONE
MEADOWLANDS, L.P., a Delaware limited partnership (“Landlord”), and MANAGEMENT DYNAMICS, INC., a New Jersey corporation (“Tenant”). 
 RECITALS 
 A. The prior owner of the Building, Metropolitan Life Insurance
Company, a New York corporation (“Original Landlord”) and Tenant’s predecessor in interest, Celerix, Inc., a Delaware corporation (“Original Tenant”), entered into that certain Office Lease dated for reference as of
October 5, 1998 (the “Original Lease”), which was amended by Original Landlord and Original Tenant pursuant to that certain First Amendment to Agreement of Lease dated as of July 28, 2000 (the “First Amendment,” and
together with the Original Lease, the “Lease”) with respect to certain Premises in the building (the “Building”) located at One Meadowlands Plaza, East Rutherford, New Jersey 07073. Initially capitalized terms not specifically
defined here shall have the meanings set forth in the Lease. 
 B. Landlord currently leases to Tenant approximately 7,799
rentable square feet of space in the Building, pursuant to the Lease, comprising approximately 3,957 rentable square feet on the fourteenth (14th) floor and 3,842 rentable square feet on the eighth (8th) floor (the collectively,
“Surrender Premises”). 
 C. Landlord has succeeded Original Landlord as landlord under the Lease as amended hereby.
Tenant has succeeded Original Tenant as tenant under the Lease pursuant to that certain Assignment and Assumption of Lease dated as of October 4, 2002. 
 D. Pursuant to Section 2 of the First Amendment, the Lease will terminate on October 31, 2007. 
 E. Landlord and Tenant desire to amend the Lease in order to extend the Term of the Lease, to relocate Tenant to other premises within the Building, and as otherwise set forth herein. 

NOW THEREFORE, in consideration of the foregoing recitals, the mutual covenants and agreements contained herein, and for other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Landlord and Tenant agree, and amend the Lease, as follows: 
 1. Recitals. The foregoing Recitals are incorporated herein by reference. 

2. Extension of Term. The Term of the Lease is hereby extended until and shall terminate on January 31, 2017 (the
“Amended Termination Date”). The period between the Relocation Termination Date and the Amended Termination Date may be called the “Extended Term”. 
 3. Relocation Premises. As of the Relocation Commencement Date (as defined in Section 4 below), the definition of “Premises” as set forth in the Lease shall be modified by this
Second Amendment. As of the Relocation Commencement Date, the Premises shall mean a portion of the fifteenth (15th) floor of the Building, which comprises approximately 11,392 rentable square feet (the “Relocated Premises”), and which
is shown with more particularity on Exhibit A attached hereto, and Landlord hereby leases to Tenant and Tenant hereby leases from Landlord the Relocated Premises. Landlord and Tenant agree that for all purposes of this Second Amendment and the Lease
the rentable area of the Relocated Premises as set forth in this Section 3 is controlling, and is not subject to revision after the date of this Second Amendment. The tenant shall have no right to re-measure the Premises or

  
 June 13,
2006 

 
the Building. After the Relocation Commencement Date, Tenant may continue to occupy the Surrender Premises, without any obligation to pay Rent, until the date that is 10 business days after the
Relocation Commencement Date. As of the date that is 10 business days after the Relocation Commencement Date, Tenant shall voluntarily surrender to Landlord the Surrender Premises. From and after the date that is 10 business days after the
Relocation Commencement Date, Tenant shall have no further rights or obligations with respect to the Surrender Premises, except such obligations under the Lease which are intended to survive a termination of the leasing of any portion of the
Premises. 
 4. Delivery of Relocated Premises. Landlord shall deliver the Relocated Premises to Tenant, and Tenant shall
accept the Premises from Landlord, upon execution and delivery of this Second Amendment. Tenant will perform Tenant’s Work in the Relocated Premises as set forth in the Tenant Improvement Agreement attached hereto as Exhibit B. The
“Relocation Commencement Date” shall be the earlier of (a) February 1, 2007, and (b) the earlier of (i) the date of Substantial Completion (as defined in Exhibit B to this Second Amendment) of Tenant’s Work
pursuant to the Tenant Improvement Agreement, and (ii) the date Substantial Completion would have been achieved but for Tenant Delays (defined in Exhibit B to this Second Amendment), after any such Tenant Delays are offset by any Landlord
Delays (defined in Exhibit B to this Second Amendment) and any Force Majeure delays occurring concurrently with a Tenant Delay. Landlord makes no representations or warranties about the suitability of the Relocated Premises for Tenant’s
purposes. 
 5. Tenant’s Share. As of the Relocation Commencement Date, the Relocated Premises under the Lease shall
consist of approximately 11,392 rentable square feet. Section 1.01(15) of the Lease is amended as of the Relocation Commencement Date to provide that Tenant’s Share of excess Operating Expenses and Taxes for any Adjustment Year shall be
2.71%, based on 420,850 rentable square feet in the Building. 
 6. Base Rent. From and after the Relocation Commencement
Date until the Amended Termination Date, Tenant shall pay Monthly Base Rent on the Relocated Premises, in the manner set forth in the Lease at a rental rate of $35.00 per rentable square foot per year, prorated for any partial month. 

7. Tenant Electric. From and after the date of delivery of the Relocated Premises to Tenant, Tenant shall pay monthly for
electricity (“Electric Inclusion”) in the manner set forth in Section 6.02 of the Lease. Section 6.02(c) of the Lease is hereby amended to provide that the amount of Electric Inclusion initially from the Relocation Commencement
Date shall be $1.50 per year for each rentable square foot of the Relocated Premises. 
 8. Extension Option. Tenant may
at its option extend the Term of this Lease beyond the Amended Termination Date (the “Extension Option”) for the entire Relocated Premises for one (1) period of five (5) years (the “Renewal Term”) upon the same terms
contained in this Lease, except for the amount of Monthly Base Rent payable during the Renewal Term, and except for the provisions for Tenant’s Work set forth in the Tenant Improvement Agreement. Tenant shall have no additional extension
options. Monthly Base Rent during the Renewal Term shall be the greater of (i) the Market Rate, determined as set forth below, or (ii) the Monthly Base Rent payable during the last Lease Year of the initial Term of the Lease. 

(a) To exercise the Extension Option, Tenant must deliver a notice to Landlord not less than twelve (12) months nor more than
eighteen (18) months prior to the proposed commencement of the Renewal Term. If Tenant fails to timely give its notice of exercise, Tenant will be deemed to have waived the Extension Option. 

  
 June 13,
2006 

  
 2 

 (b) “Market Rate” shall mean the expected base rent at the time for comparable
space in first class office property substantially similar to the Building in the greater central Bergen County, New Jersey area, determined as follows: 
 (i) If Tenant provides Landlord with its notice of exercise of the Extension Option, then within thirty (30) days after receipt of Tenant’s notice, Landlord shall calculate and inform Tenant of
Landlord’s determination of the Market Rate. If Tenant rejects the Market Rate as calculated by Landlord, Tenant shall inform Landlord of its rejection within ten (10) days after Tenant’s receipt of Landlord’s calculation, and
Landlord and Tenant shall commence negotiations to agree upon the Market Rate. If Tenant fails to timely reject Landlord’s calculation of the Market Rate it will be deemed to have accepted such calculation. If Landlord and Tenant are unable to
reach agreement within thirty (30) days after Landlord’s receipt of Tenant’s notice of rejection, then the Market Rate shall be determined in accordance with (ii)-(iv) below. 

(ii) If Landlord and Tenant are unable to reach agreement on the Market Rate within said thirty (30) day period, then within seven
(7) days thereafter, Landlord and Tenant shall each simultaneously submit to the other in a sealed envelope its good faith estimate of the Market Rate. If the higher of such estimates is not more than one hundred five percent (105%) of the
lower, then the Market Rate shall be the average of the two. Otherwise, the dispute shall be resolved by arbitration in accordance with (iii) and (iv) below. 
 (iii) Within seven (7) days after the exchange of estimates, the parties shall jointly appoint one arbitrator who shall, by profession, be an independent real estate broker who shall have been active
over the ten (10) year period immediately prior to the date of such appointment in the leasing of office space in the area in which the Project is located (a “Qualified Arbitrator”). If the parties cannot agree on a Qualified
Arbitrator, then within a second period of seven (7) days, each shall select a Qualified Arbitrator and within ten (10) days thereafter the two appointed Qualified Arbitrators shall select a third Qualified Arbitrator and the third
Qualified Arbitrator shall be the sole arbitrator. If one party shall fail to select a Qualified Arbitrator within the second seven (7) day period, then the Qualified Arbitrator chosen by the other party shall be the sole arbitrator.

 (iv) Within twenty-one (21) days after submission of the matter to the arbitrator, the arbitrator shall determine the
Market Rate by choosing whichever of the estimates submitted by Landlord and Tenant the arbitrator judges to be more accurate. The determination of the arbitrator shall be limited solely to the issue of whether Landlord’s or Tenant’ s
submitted Market Rate is the closest to the actual Market rate for the Relocated Premises as determined by the arbitrator, taking into account the requirements of Section 2 above. The arbitrator shall notify Landlord and Tenant of its decision,
which shall be final and binding. If the arbitrator believes that expert advice would materially assist him, the arbitrator may retain one or more qualified persons to provide expert advice. The fees of the arbitrator and the expenses of the
arbitration proceeding, including the fees of any expert witnesses retained by the arbitrator, shall be paid by the party whose estimate is not selected. Each party shall pay the fees of its respective counsel and the fees of any witness called by
that party. 
 (c) Tenant’s option to extend this Lease pursuant to the Extension Option is subject to the conditions that:
(i) on the date that Tenant delivers its notice exercising its option to extend, Tenant is not in default under this Lease after the expiration of any applicable notice and cure periods, and (ii) Tenant shall not have assigned this Lease
or sublet any portion of the Relocated Premises. 
 9. Termination Option. Tenant may at its option terminate this Lease
(the “Termination Option”) effective as of the last day of the fifth year of the Extended Term (such date, the “Early Termination Date”) by delivering notice of its intent to terminate (the “Termination Notice”) no
later than 

  
 June 13,
2006 

  
 3 

 
the last day of the 51st month after the Relocation Commencement Date to Landlord. If Tenant does not timely send the Termination Notice, Tenant shall be deemed to have waived the Termination
Option for the applicable year. Tenant may not exercise the Termination Option for so long as Tenant is in default under the Lease with the giving of notice and opportunity to cure expired; and, in such event, if Tenant does elect to terminate the
Lease, such election shall not be effective and the Lease shall remain in effect. If Tenant properly exercises the Termination Option, this Lease shall terminate as of the Early Termination Date. No later than 30 days prior to the Early Termination
Date, Tenant shall pay the Termination Fee. The “Termination Fee” shall be an amount equal to the sum of (a) the unamortized portion of the costs (to be amortized over a period of ten (10) years at an annual non-compounded
interest rate of 8%) of Landlord’s Contribution, plus (b) the unamortized portion of any brokerage commission (to be amortized over a period of ten (10) years at an annual non-compounded interest rate of 8%) paid by Landlord in
connection with this Second Amendment, plus (c) an amount equal to three (3) months of Monthly Base Rent. 
 10.
Base Year. Effective as of Relocation Commencement Date, Article Four of the Lease is amended to provide that in any Adjustment Year after the Base Year, Tenant shall be responsible for paying the excess of Operating Expenses and Taxes over
those costs in the Base Year. The “Base Year” shall mean calendar year 2007. “Adjustment Year” shall mean any year of the Extended Term after the Base Year, and not including the Base Year. If the Building is not at least 95%
occupied during any portion of any Lease Year, Landlord may adjust (the “Equitable Adjustment”) Operating Expenses to equal what would have been incurred by Landlord had the Building been 95% occupied. The Equitable Adjustment shall apply
only to Operating Expenses which are variable and therefore increase as occupancy of the Building increases. Landlord may incorporate the Equitable Adjustment in its estimates of Operating Expenses. 

11. After Hours Services. Section 6.03 of the Lease and Section 3(c) of the First Amendment is hereby amended to provide
that for after hours heating and air conditioning, Tenant shall pay Landlord’s charge of $125 per hour with a minimum of four hours. 
 12. Relocation. Article 21 of the Lease, which provides that Landlord may require Tenant to relocate within the Building, is hereby deleted in its entirety. 

13. Parking. Tenant and its employees shall be entitled to an aggregate of 3.3 parking spaces for each 1,000 rentable square feet
of the Premises within the Project’s parking area (excluding, however, those areas thereof designated by Landlord from time to time for the exclusive use of certain occupants of the Project or for no parking) at no additional cost for the
Extended Term and the Renewal Term, if applicable. Of Tenant’s allocation of parking spaces, 1 parking space for each 1,000 rentable square feet shall be a reserved parking space for exclusive use by Tenant and its employees, agents, invitees
and designees. Landlord reserves the right to designate reserved parking stalls for other occupants of the Project over any part of the Project’s parking area. Landlord shall not be liable to Tenant for Landlord’s failure to enforce
Tenant’s parking rights against other tenants of the Project. Tenant shall use the parking area at its own risk, and Landlord shall have no liability to Tenant or Tenant’s employees or invitees for any damage to vehicles occurring in or
about the parking area of the Project caused by persons other than Landlord. 
 14. Operating Hours. The definition of
“Standard Operating Hours” as set forth in Section 1.03 of the Lease is hereby amended and shall be 8 a.m. to 6 p.m. Monday through Friday, and 8 a.m. to 1 p.m. Saturday, exclusive of holidays. 

  
 June 13,
2006 

  
 4 

 15. Books and Records. Section 4.03 of the Lease is deleted in its entirety and
replaced with the following: 
 Landlord shall maintain books and records showing Operating Expenses and Taxes in
accordance with sound accounting and management practices, consistently applied. Tenant may review and copy Landlord’s books and accounting records for each Landlord’s Statement and related Rent Adjustment during regular business hours in
Landlord’s office on or before ninety (90) days after Landlord delivers a Landlord’s Statement to Tenant; provided, however, that all reasonable expenses incurred by Landlord in connection with such review shall be paid by Tenant and
such review by Tenant shall not postpone or alter the liability and obligation of Tenant to pay any Rent Adjustment then due. Within ninety (90) days after Tenant’s receipt of each Landlord’s Statement, Tenant shall be entitled to
retain a national, independent, certified public accountant with no substantial pre-existing relationship with either Landlord or Tenant (who shall not be retained on a contingency fee basis) to audit and/or review Landlord’s records to
determine the proper amount of Tenant’s Share of Operating Expenses and Taxes for the period covered by the applicable Landlord’s Statement. If such audit or review reveals that Landlord has overcharged Tenant, then within five
(5) business days after the results of such audit are made available to Landlord, Landlord shall reimburse Tenant the amount of such overcharge. If the audit reveals that Tenant was undercharged, then within five (5) business days after
the results of the audit are made available to Tenant, Tenant shall reimburse Landlord the amount of such undercharge. The failure of Tenant to object to any Landlord’s Statement within such ninety (90) day period shall be conclusively
deemed Tenant’s approval of such Landlord’s Statement. If any such audit of a Landlord’s Statement by or for Tenant reveals an error equal to or greater than five percent (5%) (a “Major Error”) in Landlord’s favor,
then Landlord shall pay for the costs of such audit, or portion thereof. Tenant shall pay for the costs of any audit, or portion thereof, attributable to a Landlord’s Statement in which no Major Error in Landlord’s 

16. Holding Over. Article 13 of the Lease is hereby amended by deleting the last sentence of Article 13. 

17. Basic Lease Provisions. Some of the Basic Lease Provisions set forth in Article 1 of the Lease have been amended by agreement
of the parties, and are as set forth on Exhibit C to this Second Amendment. 
 18. Governing Law. This Second Amendment
shall be governed by, and construed and enforced in accordance with, the laws of the State of New Jersey. 
 19. Brokers.
Landlord and Tenant each represents to the other that it has not dealt with any real estate broker with respect to this Second Amendment other than Cushman & Wakefield of New Jersey, Inc. (the “Broker”), and no broker other than
the Broker is in any way entitled to any broker’s fee or other payment in connection with this Second Amendment. Landlord and Tenant (each, the “Indemnifying Party”) shall indemnify and defend the other against any claims by any other
broker or third party claiming through the Indemnifying Party for any commission or payment of any kind in connection with this Second Amendment. Landlord shall compensate the Broker for all broker fees due and owing in connection with this Second
Amendment pursuant to the terms of a separate agreement. 

  
 June 13,
2006 

  
 5 

 20. Counterparts. This Second Amendment may be executed in any number of
counterparts, each of which when so executed and delivered shall be deemed to be an original and all of which counterparts taken together shall constitute but one and the same instrument. Signature pages may be detached from the counterparts and
attached to a single copy of this Second Amendment to physically form one document. Each person signing below is duly authorized to execute this Second Amendment. 
 21. Reaffirmation of Obligations. Landlord and Tenant each hereby acknowledges and reaffirms all of its obligations under the Lease, as such Lease has been amended by this Second Amendment, and
agrees that any reference made in any other document to the Lease shall mean the Lease as amended pursuant to this Second Amendment. Except as expressly provided in this Second Amendment, the Lease remains unmodified and in full force and effect.
Any breach of this Second Amendment shall constitute a breach and default under the Lease. 
 22. Miscellaneous. Time is
of the essence in this Second Amendment and the Lease and each and all of their respective provisions. The agreements, conditions and provisions herein contained shall apply to and bind the heirs, executors, administrators, successors and assigns of
the parties hereto. If any provisions of this Second Amendment or the Lease shall be determined to be illegal or unenforceable, such determination shall not affect any other provision of the Lease or this Second Amendment and all such other
provisions shall remain in full force and effect. If there is any inconsistency between the provisions of this Second Amendment and the other provisions of the Lease, the provisions of this Second Amendment shall control with respect to the subject
matter of this Second Amendment. This Second Amendment constitutes a part of the Lease and is incorporated by this reference. 

SIGNATURES APPEAR ON FOLLOWING PAGE 

  
 June 13,
2006 

  
 6 

 IN WITNESS WHEREOF, Landlord and Tenant have caused this Second Amendment to be duly
executed and delivered as of the date Second above written. 
  

			
	“LANDLORD”
	
	CLPF - ONE MEADOWLANDS, L.P.
	a Delaware limited partnership
		
	By:	 	CLPF - ONE MEADOWLANDS GP, LLC, a Delaware limited liability company, its general partner
		
	By:	 	  

	Print Name: Margaret Egan
	Print Title: Authorized Person
	
	“TENANT”
	
	 MANAGEMENT DYNAMICS, INC.
 a Delaware corporation

		
	By:	 	  

 

			
	Print Name:	 	  

 

			
	Print Title:	 	  

  
 June 13,
2006 

  
 7 

 EXHIBIT A 

FLOOR PLAN OF RELOCATED PREMISES. 

  
 June 13,
2006 

 EXHIBIT B 

TENANT IMPROVEMENT AGREEMENT 
 1. TENANT’S WORK. Tenant shall cause to be performed certain work (“Tenant’s Work”) in the Relocated Premises in accordance with plans, specifications and architectural drawings
prepared by an architect chosen by Tenant (the “Architect”) and approved by Landlord and Tenant (the “Plans”). The Plans shall require materials, finishes or installations which are consistent with those which are “Building
standard” for the Property 
 Tenant shall select a contractor (approved by Landlord”) (the “Contractor”) to
perform the construction of Tenant’s Work. Tenant shall use commercially reasonable efforts to cause Tenant’s Work to be substantially completed, except for minor “Punch List” items, on or before February 1, 2007, subject to
Landlord Delay and Force Majeure. 
 Landlord, or an agent of Landlord, shall, at no charge to Tenant, provide project
management services in connection with the construction of Tenant’s Work and the Change Orders (hereinafter defined). 
 2. CHANGE ORDERS. If, prior to the Relocation Commencement Date, Tenant shall require improvements or changes (individually or collectively, “Change Orders”) to the Relocated Premises in
addition to, revision of or substitution for Tenant’s Work under the Plans, or any portion thereof, Tenant shall deliver to Landlord for its approval plans and specifications for such Change Orders. If Landlord does not approve of the plans for
Change Orders, Landlord shall advise Tenant of the revisions required. Tenant shall revise and redeliver the plans and specifications to Landlord within five (5) business days of Landlord’s advice or Tenant shall be deemed to have
abandoned its request for such Change Orders. Tenant shall pay for all preparations and revisions of plans and specifications, and the construction of all Change Orders. 

3. LANDLORD’S CONTRIBUTION. Landlord shall contribute up to $45.00 per rentable square foot of the Relocated Premises
(“Landlord’s Contribution”) to pay the cost of Tenant’s Work. Tenant shall pay any part of the cost of Landlord’s Work in excess of Landlord’s Contribution. If the cost of completion of Tenant’s Work is less than
Landlord’s Contribution, then any remaining balance of Landlord’s Contribution may be used by Tenant to pay for the costs of Tenant’s cabling, fixtures in the Relocated Premises, but in no event for personal property of Tenant or
payment of Rent. 
 4. CONSTRUCTION DRAWS; REIMBURSEMENTS. Not more frequently than once per month, Tenant shall
submit, or shall cause to be submitted, to Landlord a detailed statement (“Construction Cost Statement”) setting forth the costs incurred by Tenant, accompanied by bona fide invoices of contractors or other evidence reasonably satisfactory
to Landlord of the costs incurred, together, if applicable, with copies of lien waivers for payments previously made (including partial releases of liens from all subcontractors, materialmen, suppliers and laborers). Within 20 days thereafter,
Landlord shall pay directly to Contractor 90% of the amount shown on such Construction Cost Statement, provided however, the total of such Construction Cost Statements paid by shall not exceed Landlord’s Contribution (subject to Change Orders
as set forth above). No Construction Cost Statement shall include any item of cost with respect to which Landlord has theretofore made the 90% contribution provided for herein. The balance of Landlord’s Contribution shall be paid to Tenant
within 20 days following (i) Substantial Completion of Tenant’s Work, and (ii) delivery to Landlord of Contractor’s affidavits and full and final waivers of lien and receipted bills covering all labor and materials

  
 June 13,
2006 

  
 B-1

 
expended and used. Landlord shall have no obligation to make disbursements of Landlord’s Contribution unless, with respect to the applicable Construction Cost Statement, the materials have
been incorporated into the Premises and the services have been performed. Tenant shall have no right to receive any portion of Landlord’s Contribution during any period when Tenant is in default beyond any applicable grace and/or notice period
in respect of Tenant’s obligation under the Lease. 
 5. RELOCATION COMMENCEMENT DATE DELAY. If the
Relocation Commencement Date is delayed due to Tenant Delay, then the Contractor shall certify the date on which Tenant’s Work would have been completed but for such Tenant Delay after being offset by any Landlord Delays and any Force Majeure
delays occurring concurrently with a Tenant Delay. When Tenant’s Work is Substantially Completed, the Contractor shall so certify in writing to Tenant and Landlord. As soon as reasonably possible, but in any event within 10 days after delivery
of Contractor’s written certification of Substantial Completion, Landlord and Tenant shall jointly inspect the Relocated Premises and generate the Punch List along with a schedule for the performance of each item on the Punch List. Contractor
shall complete each item on the Punch List as promptly as possible. 
 6. ACCESS BY TENANT PRIOR TO RELOCATION
COMMENCEMENT DATE. Commencing on the date of the Second Amendment, Tenant, the Contractor and their agents may enter the Relocated Premises prior to the Relocation Commencement Date to perform Tenant’s Work and to install Tenant’s
furniture, fixtures and equipment. Such right to enter the Relocated Premises shall constitute a license only, conditioned upon Tenant’s: 
 (a) working in harmony with Landlord and Landlord’s agents, the Contractor, workmen, mechanics and suppliers and with other tenants and occupants of the Building; 

(b) obtaining in advance (i) Landlord’s approval of the contractors proposed to be used by Tenant and depositing
with Landlord in advance of any work, which consent shall not be unreasonably withheld, conditioned or delayed, (ii) security reasonably satisfactory to Landlord for the completion thereof, and (ii) the contractor’s affidavit for the
proposed work and the waivers of lien from the contractor and all subcontractors and suppliers of material; and 

(c) furnishing Landlord with such insurance as Landlord may require, consistent with the terms of the Lease, against
liabilities which may arise out of such entry. 
 Landlord shall have the right to withdraw such license for any reason.
Landlord shall not be liable in any way for any injury, loss or damage which may occur to any of Tenant’s property or installations in the Relocated Premises prior to the Relocation Commencement Date, except to the extent arising from
Landlord’s, or Landlord’s agents’, contractors’ and subcontractors’, gross negligence or willful misconduct and not subject to coverage under Tenant’s or Contractor’s insurance policies. Tenant shall protect,
defend, indemnify and save harmless Landlord from all liabilities, costs, damages, fees and expenses to the extent arising out of the activities of Tenant or its agents, contractors, suppliers or workmen in the Relocated Premises or the Building
prior to the Relocation Commencement Date. Any entry and occupation permitted under this Section shall be governed by the terms of the Lease; provided, however, that Tenant shall not be obligated to pay any Rent under the Lease or the Second
Amendment until the Relocation Commencement Date. 

  
 June 13,
2006 

  
 B-2

 7. DEFINITIONS. As used in this Tenant Improvement Agreement the following
terms shall have the following meanings: 
 “Tenant Delay” means any delay that the Contractor may encounter in
achieving Substantial Completion of Tenant’s Work because of any act or omission of any nature by Tenant or its agents or contractors, including any: (i) delay attributable to any Change Orders requested by Tenant; (ii) delay
attributable to the postponement of any portion of Tenant’s Work at the request of Tenant; (iii) any delay by Tenant in the submission of information or the giving of authorizations or approvals within the time limits set forth in this
Tenant Improvement Agreement; and (iv) delay attributable to the failure of Tenant to pay, when due, any amounts required to be paid by Tenant pursuant to this Tenant Improvement Agreement. No Tenant Delay shall be deemed to have occurred
unless and until Landlord has given written notice to Tenant specifying the action or inaction by Tenant which Landlord contends constitutes a Tenant Delay. If such action or inaction is not cured within on (1) business day after receipt of
such notice, then a Tenant Delay, as set forth in such notice, shall be deemed to have occurred commencing as of the date Tenant received such notice and continuing for the number of days the Substantial Completion of Tenant’s Work was in fact
delayed as a direct result of such action or inaction. 
 “Landlord Delay” means any delay in the Substantial
Completion of Tenant’s Work that is caused by Landlord. 
 “Punch List” means certain minor details of
construction, mechanical adjustment or decoration required as part of Tenant’s Work that remain to be completed, the non-completion of which would not materially interfere with Tenant’s use or occupancy of the Relocated Premises.

 “Substantially Complete” or “Substantial Completion” as used in the Lease and this Tenant Improvement
Agreement means the Contractor has sufficiently completed all of Tenant’s Work, except for Punch List items, such that Tenant can conduct normal business operations from the Relocated Premises. 

Terms used in this Exhibit C shall have the meanings assigned to them in the Lease. The terms of this Exhibit C are subject to the terms
of the Lease. 
 8. NO MISCELLANEOUS CHARGES. Landlord shall not charge Tenant, Contractor or their agents for
parking, elevator usage, administrative or review charges or any other miscellaneous charges in connection with the performance of Tenant’s Work. 
 9. MISCELLANEOUS. Capitalized terms used but not defined in this Tenant Improvement Agreement shall have the meanings assigned to them in the Lease. The terms of this Tenant Improvement Agreement are
subject to the terms of the Lease, as amended by this Second Amendment. 

  
 June 13,
2006 

  
 B-3

 EXHIBIT C 

BASIC LEASE PROVISIONS (UPDATED) 
 The following Basic Lease Provisions set forth in Section 1.01 of the Lease have been amended, and are restated here for the convenient reference of the parties: 

 

	(8)	Expiration Date: January 31, 2017 

  

	(9)	Annual Base Rent: $398,720.00, payable in equal monthly installments of $33,226.66, prorated for any partial month. 

 

	(11)	Rentable Area of the Building: approximately 420,850 square feet 

  

	(12)	Rentable Area of the Premises: approximately 11,392 square feet 

  

	(14)	Floor Location: 15th floor 

  

	(15)	Tenant’s Share: 2.71% 

  
 June 13,
2006 

  
 C-1

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