Document:

Assignment and Assumption of Lease and Novation Agreement

 Exhibit 10.23 
 ASSIGNMENT AND ASSUMPTION OF LEASE AND NOVATION 
 AGREEMENT

 THIS ASSIGNMENT AND ASSUMPTION OF LEASE AND NOVATION AGREEMENT (this “Agreement”) is made and entered into this
15th day of June, 2011 by and among Enterprise Mobile, Inc. (“Assignor”), a Delaware corporation, Bright Horizons Children’s Centers LLC (“Assignee”), a Delaware limited liability company, and the President and Fellows of
Harvard College (“Landlord”), a Massachusetts educational and charitable corporation. 
 A. Landlord, as landlord, and
Assignor, as tenant, are parties to that certain Lease dated March 30, 2007, and that certain First Amendment to Lease date June 9, 2009 (collectively the “Lease”). 

B. Pursuant to the Lease, Assignor leases from Landlord certain premises (the “Premises”) located in a building commonly known
as Building 312, located at 321 Arsenal Street, Watertown, MA 02472 containing approximately 8,107 rentable square feet. 
 C.
Assignor desires to assign to Assignee, and Assignee desires to assume from Assignor, as of July 1, 2011 (the “Effective Date”) all of Assignor’s rights and obligations under the Lease accruing from and after the Effective Date,
on the terms set forth below. 
 D. In consideration of Assignee assuming all of Assignor’s rights and obligations under
the Lease, Landlord agrees to release Assignor from all liabilities under the Lease accruing from and after the Effective Date, on the terms and conditions set forth below. 
 AGREEMENT 
 NOW, THEREFORE, in consideration of the mutual covenants
contained herein, the parties agree as follows, as of the Effective Date: 
 1. Assignment. Assignor assigns, transfers and conveys to
Assignee all of Assignor’s rights, title, obligations and interest in, to and under the Lease. From the date hereof until the Effective Date, Assignor will promptly, fully and completely keep, fulfill, observe, perform and discharge each and
every covenant and obligation of the Lease. 
 2. Assumption. 
 (a) Assignee unconditionally assumes and shall promptly, fully and completely keep, fulfill, observe, perform and discharge each and every covenant and obligation that may accrue and become performable,
due or owing by Assignor under the Lease from and after the Effective Date. 

 (b) Assignee shall perform the obligations of Assignor that may accrue and become
performable, due or owing under the Lease from and after the Effective Date, and Assignee shall be bound by all of the terms and conditions of the Lease in every way as if Assignee were originally a party thereto as Tenant. Assignee shall have no
liability or obligation whatsoever with respect to any covenant, condition or obligation arising or accruing under the Lease prior to the Effective Date. 
 3. Release of Assignor Novation. 
 (a) Notwithstanding anything to the
contrary in the Lease, Landlord releases and forever discharges Assignor, as well as its shareholders, officers, employees, agents and representatives, from all obligations accruing under the Lease after the Effective Date, except for any
obligations under the Lease that expressly survive its expiration or termination. 
 (b) Landlord recognizes Assignee as
Assignor’s successor-in-interest in and to the Lease. Commencing on the Effective Date, Assignee by this Agreement becomes entitled to all right, title and interest of Assignor in and to the Lease. Following the Effective Date: (i) the
term “Tenant,” as used in the Lease, shall refer to Assignee; (ii) Landlord accepts the liability of Assignee in lieu of the liability of Assignor; and (iii) Landlord shall be bound by the terms of the Lease in every way as if
Assignee were named in the Lease in place of Assignor as a party thereto. 
 (c) Landlord consents to the within assignment and
assumption of the Lease and Landlord (i) waives any recapture right that it may have under Section 5.1.8.2 of the Lease as a result of this assignment, and (ii) agrees that neither Assignor nor Assignee shall be responsible for any
excess rent or additional rent or consideration described in Section 5.1.8.4 of the Lease. The consent by Landlord to the within assignment and assumption of the Lease shall not be deemed an approval of any future assignment of the Lease or
subletting of the Premises or any portion thereof. No further assignment or sublease of all or any portion of the Premises shall be made without the prior written approval of Landlord, if and when required pursuant to and in accordance with the
provisions of the Lease. 
 (d) Landlord represents and warrants to Assignee that, to the best of Landlord’s knowledge as of
the date hereof: (i) Assignor is not in breach or default of any terms, covenant, condition or requirement imposed on it under the Lease, and (ii) there exists no grounds or basis for any claim or allegation by Landlord (with or without
any further notice or grace period) of any breach or default by Assignor (as Tenant) under the Lease. Landlord agrees that Assignee shall not be responsible for the removal or restoration of any Construction Work (whether or not a Permitted
Alteration) or any other alterations, additions or improvements made by or for Assignor in or about the Premises or the Complex prior to the Effective Date. 
 (e) Landlord represents to Assignee that the Term of the Lease will expire on December 31, 2011. 
 (f) Landlord agrees that, from and after the Effective Date, Section 5.1.20.2 of the Lease shall be deleted and of no further force or effect. 

  
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 (g) In accordance with Section 5.1.8.9 of the Lease, Assignor will reimburse Landlord
all reasonable costs and expenses incurred by Landlord in connection with the assignment of the Lease to Assignee, and in connection with this Agreement. 
 4. Ongoing Obligation, Indemnification. 
 (a) Assignee shall
indemnify and hold Assignor harmless from any and all claims, demands, causes of action, losses, costs (including, without limitation, reasonable court costs and attorneys’ fees), liabilities or damages of any kind or nature whatsoever that
Assignor may sustain by reason of Assignee’s breach or non-fulfillment (whether by action or inaction), of any covenant or obligation under the Lease to be performed by Assignor or Assignee thereunder after the Effective Date. 

(b) Assignor shall indemnify and hold Assignee harmless from any and all claims, demands, causes of action, losses, costs
(including, without limitation, reasonable court costs and attorneys’ fees), liabilities or damages of any kind or nature whatsoever that Assignee may sustain by reason of Assignor’s breach or non-fulfillment (whether by action or
inaction), of any covenant or obligation under the Lease to be performed by Assignor thereunder prior to the Effective Date, or by reason of any misrepresentation or breach by Assignor of any warranty set forth herein. 

(c) Without limitation of the foregoing, as between Assignee and Assignor, Assignor shall remain responsible for all
Additional Rent (including without limitation Operating Costs and Real Estate Taxes) due under Articles 3 and 4 of the Lease in respect of the period ending on the day preceding the Effective Date, and Assignee shall remain responsible for the same
in respect of the period commencing on the Effective Date. If and at any such time (or from time to time) as Landlord shall deliver any reconciliation, re-computation, true-up or other adjustment or billing on account of any additional rent or other
payment due under the Lease, Assignor and Assignee shall allocate the liability between themselves accordingly. Any refund received by Assignee from Landlord in respect of the period prior to the Effective Date shall be paid over to Assignor within
fifteen (15) days after receipt, and any payment due from Assignor on account of such period shall be paid to Assignee within fifteen (15) days after demand therefor. 

(d) The indemnification obligations under this Section shall be conditioned upon the indemnitee giving notice to the
indemnitor promptly after the indenmitee receives notice of the claim and shall survive the expiration or termination of the Lease. 
 5.
Condition; Use; Defaults. 
 (a) Assignee shall take possession of the Premises in its present “as
is” condition, subject to ordinary wear and tear and damage by casualty prior to the Effective Date. No representations or warranties have been made to Assignee concerning the condition of the Premises, nor have any promises to remodel, change,
alter, or improve the Premises been made by Assignor or any party on behalf of Assignor. Assignee has completed such investigation of the Premises as Assignee deems appropriate. 

  
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 (b) Assignor represents and warrants to Assignee that, as of the Effective
Date, neither Assignor nor its employees, agents, contractors, licensees or others for whom Assignor is responsible have used, released, deposited, disposed of or otherwise handled any Hazardous Materials in, on Or about the Premises or the Complex
in violation of the Lease or in violation of applicable laws, codes or regulations. 
 (c) Assignor represents
and warrants to Assignee that, as of the Effective Date, Assignor has not undertaken any Construction Work in or about the Premises except in strict accordance with the Lease, including without limitation Section 5.1.9 thereof. 

(d) Assignor represents and warrants to Assignee that, as of the Effective Date: (i) Assignor is not in breach or
default of any terms, covenant, condition or requirement imposed on it under the Lease or with respect to the Premises, and (ii) there exists no grounds or basis for any claim or allegation by Landlord (with or without any further notice or
grace period) of any breach or default by Assignor (as Tenant) under the Lease, and (iii) Assignor has not received any notice that any violation of applicable laws, codes or regulations exists and remains uncured in or about the Premises, and
(iv) to the best of Assignor’s knowledge, upon reasonable inquiry, Landlord is not in breach or default of any terms, covenant, condition or requirement imposed on Landlord under the Lease or with respect to the Complex. 

(e) Assignor represents and warrants to Assignee that no consent or approval from any third party is required in order for
Assignor to enter into this Agreement, or perform or be bound by the terms and conditions hereof. Assignor is not bankrupt or insolvent, and will not become so by virtue of this Agreement. There are no liens or encumbrances on or affecting the
Premises as a result of any work undertaken by or on behalf of the Assignor (nor does any basis or grounds exist for such a lien or encumbrance). 
 6. Default By Landlord. Assignor shall not be liable to Assignee for Landlord’s failure to perform any of Landlords obligations under the Lease, nor shall Assignor have any obligation to
perform same or to bring legal proceedings or take any other action against Landlord to assure performance of Landlord’s obligations under the Lease. Assignee’s enforcement of the Lease against Landlord shall be at the sole expense of
Assignee, and Assignee shall indemnify Assignor against all costs and expenses, including but not limited to reasonable attorneys’ fees, which may be incurred by Assignor in connection with any claim, action, or proceeding so undertaken by
Assignee. Any recovery obtained by Assignee shall be the property of Assignee, except that Assignor shall be compensated therefrom for any damages sustained by Assignor as a consequence of such default or breach on the part of Landlord. 

7. Return of Letter of Credit. Within thirty (30) days of the Effective Date, Landlord agrees to return to Assignor the Letter of Credit
provided by Assignor under Article 7 of the Lease. Landlord agrees that Assignee will not be required to provide any substitute or other letter of credit or security deposit 

  
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 8. Notices. Any notice, demand, consent, approval, direction, agreement or other communication
required or permitted hereunder or under any other documents in connection herewith shall be in writing and shall be directed as follows: 
 If to Assignor: 
 Larry Comparone 

Director, Global Facilities and Real Estate Intermec Technologies Corporation 

6001 36th Avenue West 
 Everett, WA 98203 
 with a copy to: 

Legal Department 

Intermec Technologies Corporation 6001 36th Avenue West 
 Everett, WA 98203 
 If to Assignee: 

Bright Horizons Children’s Centers, LLC 
 200 Talcott Avenue South 
 Watertown, MA 02472 

with copy to: 

Stephen T. Langer 

Langer & McLaughlin, LLP 
 855 Boylston Street, 6th Floor 
 Boston, MA 02116 

If to Landlord: 

President and Fellows of Harvard College 
 c/o Harvard Real Estate Services 
 1350 Massachusetts Avenue 

Holyoke Center, Suite 800 Cambridge, MA 02138-3826 
 with a copy to: 
 Office of the General Counsel Harvard University 

1350 Massachusetts Avenue 
 Holyoke Center, Suite 980 
 Cambridge, MA 02138-3834 

with a copy to: 

Beal & Company, Inc. 
 177 Milk Street 
 Boston, MA 02109 

Attention: Vice President, Property Management 

  
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 All notices, demands, requests, consents or approvals that may or are required to be given
by any party to another shall be in writing and shall be deemed given when actually received by the other party, if: (i) served personally; (ii) sent by nationally-recognized overnight courier with return receipt; or (iii) sent by
United States registered or certified mail, postage prepaid, return receipt requested and addressed to such other party at the address specified above or at such other place as such other party may from time to time designate by notice in writing to
the other parties hereto. Notwithstanding the foregoing, rejection or other refusal to accept a notice, request or demand, or the inability to deliver because of a changed address of which no notice was given, shall be deemed to be actual receipt
thereof 
 9. No Broker. The parties represent to each other that this Agreement was negotiated directly, without the use of any real
estate broker. Each party shall hold the other harmless from any liability or loss, including reasonable attorneys’ fees, resulting from a misrepresentation under this Section. 
 10. Miscellaneous. 
 (a) Any capitalized terms not otherwise defined within
this Agreement shall have the meanings set forth in the Lease. 
 (b) Each provision of this Agreement shall extend, bind and
inure to the benefit of Landlord, Assignor and Assignee and their respective permitted successors and assigns, including without limitation successor assignees of the Lease. 
 (c) This Agreement contains the entire agreement between the parties, and all prior negotiations and agreements are merged in this Agreement. This Agreement may not be changed, modified or discharged, in
whole or in part, except by a written instrument executed by the party against whom enforcement of the change, modification or discharge is sought. 
 (d) This Agreement may be executed in any number of counterparts, each of which upon execution and delivery shall be considered an original for all purposes; provided, however, all such counterparts
shall, together, upon execution and delivery, constitute one and the same instrument. 
 (e) This Agreement shall be governed in
all respects by the laws of the Commonwealth of Massachusetts. 
 (f) If any term or provision of this Agreement or any
application thereof shall be invalid or unenforceable, the remainder of this Agreement and any other application of such term shall not be affected thereby. 
 11. All Parties Consent. Each of Assignor, Assignee and Landlord consent to all of the provisions of this Agreement. 

  
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 SIGNATURE PAGE FOLLOWS 

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

			
	 ASSIGNOR:

Enterprise Mobile, Inc.

		
	By:	 	/s/ STEPHEN MOORE
	Name:	 	Stephen Moore
	Title:	 	President

  

			
	 ASSIGNEE:
 Bright
Horizons Children’s Centers LLC

		
	By:	 	/s/ ELIZABETH J. BOLAND
	Name:	 	Elizabeth J. Boland
	Title:	 	Chief Financial Officer

  

			
	 LANDLORD:
 The
President and Fellows of Harvard College

		
	By:	 	/s/ LISA HOGARTY
	Name:	 	Lisa Hogarty
	Title:	 	Vice President for Campus Services

  
 -8-First Amendment to Amended and Restated Lease

 Exhibit 10.24 
 [Execution Version] 
 FIRST AMENDMENT TO AMENDED AND RESTATED LEASE

 Definitions: 
  

			
	Effective Date:	  	July 25, 2011.
		
	Landlord:	  	President and Fellows of Harvard College, a Massachusetts educational and charitable corporation.
		
	Tenant:	  	Bright Horizons Children’s Centers, LLC, a Delaware limited liability company.
		
	Lease:	  	Amended and Restated Lease (Building 37) between Landlord, as landlord, and Tenant, as tenant, dated as of December 1, 2009.
		
	Existing Premises:	  	The Original Premises, as more particularly described in the Lease, being all of Building 37 and portions of Building 131.
		
	First Floor Expansion Premises:	  	A portion of the first floor of Building 312 containing approximately 8,107 rentable square feet of space, as more particularly described on Exhibit A-1 attached
hereto.
		
	Second Floor Expansion Premises:	  	A portion of the second floor of Building 312 containing approximately 9,980 rentable square feet of space, as more particularly described on Exhibit A-2 attached
hereto.
		
	Expansion Premises:	  	The First Floor Expansion Premises and the Second Floor Expansion Premises.
		
	Building 312:	  	The building located at 321 Arsenal Street, Watertown, Massachusetts and known as Building 312 as shown on the Site Plan, containing approximately 35,339 rentable square feet of
space (exclusive of the Art/Theatre Center).
		
	First Floor Expansion Premises Commencement Date:	  	January 1, 2012.
		
	Second Floor Expansion Premises Commencement Date:	  	The date of (i) execution and delivery of this First Amendment to Lease, (ii) delivery of possession of the Second Floor Expansion Premises to Tenant in accordance with the
provisions of Section 1 below, and (iii) delivery by Tenant to Landlord of certificates of insurance evidencing that Tenant is carrying all coverages required to be carried by Tenant with respect to the Second Floor Expansion Premises pursuant
to Article X of the Lease.

			
	First Floor Expansion Premises Rent Commencement Date:	  	January 1, 2012.
		
	Second Floor Expansion Premises Rent Commencement Date:	  	April 1, 2012.

 All capitalized terms not otherwise defined herein shall have the meanings set forth in the Lease.

 BACKGROUND: 
 Tenant desires to expand the Premises, and Landlord has agreed to such expansion upon the terms and conditions set forth below, and provided certain other revisions are made to the Lease, all as set forth
more particularly below. 
 Landlord and Tenant hereby agree as follows: 

1. Expansion Premises: Landlord will deliver the First Floor Expansion Premises to Tenant as of the First Fluor Expansion
Premises Commencement Date and will deliver the Second Floor Expansion Premises to Tenant as of the Second Floor Expansion Premises Commencement Date, and Tenant agrees to accept each of the First Floor Expansion Premises and the Second Floor
Expansion Premises in their then AS-IS condition, and Landlord shall have no obligation to do any work or make any installation or alterations of any kind to the Expansion Premises. 

2. Definitions: 
 (a) Deleted Definitions. As of the Effective Date, the definitions of New Building 131 Premises, New Building 131 Premises Commencement Date, New Building 131 Premises Rent Commencement Date set
forth in Section 1.2 of the Lease are hereby deleted in their entirety and all references in the Lease to the New Building 131 Premises, the New Building 131 Premises Commencement Date and the New Building 131 Premises Rent Commencement Date
shall be void and without any further force or effect. 
 (b) Amended Definitions. As of the Effective Date, the
following terms wherever they appear in the Lease shall have the following meanings: 
 Premises: As of the First Floor
Expansion Premises Commencement Date, all references to the Premises shall mean the Existing Premises and the First Floor Expansion Premises. As of the Second Floor Expansion Premises Commencement Date, all references to the Premises shall mean the
Existing Premises and the Expansion Premises. 
 Premises Rentable Area: With respect to the Existing Premises, agreed to
be 56,450 rentable square feet as of the Commencement Date. Effective as of the Second Floor Expansion Premises Commencement Date, agreed to be 66,430 rentable square feet. Effective as of the First Floor Expansion Premises Commencement Date, agreed
to be 74,537 rentable square feet. 

  
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 Building: The term “Building” shall mean, collectively, Building 37,
Building 131 and Building 312. 
 Initial Term: With respect to the Existing Premises, the period commencing on the
Commencement Date and ending on the Lease Expiration Date, unless sooner terminated as provided in the Lease. With respect to the First Floor Expansion Premises, the period commencing on the First Floor Expansion Premises Commencement Date and
ending on the Lease Expiration Date, unless sooner terminated as provided in this Lease. With respect to the Second Floor Expansion Premises, the period commencing on the Second Floor Expansion Premises Commencement Date and ending on the Lease
Expiration Date, unless sooner terminated as provided in the Lease. 
 Lease Year: With respect to the Existing Premises,
the period running from the Commencement Date through December 31, 2010 and thereafter a Lease Year shall mean each successive calendar year. With respect to the First Floor Expansion Premises, the period running from the First Floor Expansion
Premises Commencement Date through December 31, 2012 and thereafter a Lease Year shall mean each successive calendar year. With respect to the Second Floor Expansion Premises, the period running from the Second Floor Expansion Premises
Commencement Date through December 31, 2011 and thereafter a Lease Year shall mean each successive calendar year. Rent shall be prorated for any Lease Year that is shorter or longer than one year. 

Basic Rent: For the period from the Commencement Date through the date immediately preceding the First Floor Expansion Premises
Rent Commencement Date, the Original Premises Basic Rent. For the period from the First Floor Expansion Premises Rent Commencement Date through the date immediately preceding the Second Floor Expansion Premises Rent Commencement Date, the Original
Premises Basic Rent, plus the First Floor Expansion Premises Basic Rent. For the period from the Second Floor Premises Rent Commencement Date through the Lease Expiration Date, the Original Premises Basic Rent, plus the First Floor Expansion
Premises Basic Rent, plus the Second Floor Expansion Premises Basic Rent. 
 First Floor Expansion Premises Basic Rent:
The First Floor Expansion Premises Basic Rent is as follows: 
  

																	
	 Rental Period
	  	Annual Basic
Rent	 	  	Minimum
Monthly Rent	 	  	Basic Rent
Rate	 	  	Rentable
Square
Footage	 
	 January 1, 2012-December 31, 2012
	  	$	218,889.00	  	  	$	18,240.75	  	  	$	27.00	  	  	 	8,107	  
	 January 1, 2013-December 31, 2013
	  	$	226,996.00	  	  	$	18,916.33	  	  	$	28.00	  	  	 	8,107	  

  
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	 Rental Period
	  	Annual Basic
Rent	 	  	Minimum
Monthly Rent	 	  	Basic Rent
Rate	 	  	Rentable
Square
Footage	 
	 January 1, 2014-December 31, 2014
	  	$	235,103.00	  	  	$	19,591.92	  	  	$	29.00	  	  	 	8,107	  
	 January 1, 2015-December 31, 2015
	  	$	243,210.00	  	  	$	20,267.50	  	  	$	30.00	  	  	 	8,107	  
	 January 1, 2016-December 31, 2016
	  	$	251,317.00	  	  	$	20,943.08	  	  	$	31.00	  	  	 	8,107	  
	 January 1, 2017-December 31, 2017
	  	$	259,424.00	  	  	$	21,618.67	  	  	$	32.00	  	  	 	8,107	  
	 January 1, 2018-December 31, 2018
	  	$	267,531.00	  	  	$	22,294.25	  	  	$	33.00	  	  	 	8,107	  
	 January 1, 2019-December 31, 2019
	  	$	275,638.00	  	  	$	22,969.83	  	  	$	34.00	  	  	 	8,107	  
	 January 1, 2020-December 31, 2020
	  	$	283,745.00	  	  	$	23,645.42	  	  	$	35.00	  	  	 	8,107	  

 Second Floor Expansion Premises Basic Rent: The Second Floor Expansion Premises Basic Rent is as
follows: 
  

																	
	 Rental Period
	  	Annual Basic
Rent	 	  	Minimum
Monthly Rent	 	  	Basic Rent
Rate	 	  	Rentable
Square
Footage	 
	 April 1, 2012-December 31, 2012
	  	$	269,460.00	  	  	$	22,455.00	  	  	$	27.00	  	  	 	9,980	  
	 January 1, 2013-December 31, 2013
	  	$	279,440.00	  	  	$	23,286.67	  	  	$	28.00	  	  	 	9,980	  
	 January 1, 2014-December 31, 2014
	  	$	289,420.00	  	  	$	24,118.33	  	  	$	29.00	  	  	 	9,980	  
	 January 1, 2015-December 31, 2015
	  	$	299,400.00	  	  	$	24,950.00	  	  	$	30.00	  	  	 	9,980	  
	 January 1, 2016-December 31, 2016
	  	$	309,380.00	  	  	$	25,781.67	  	  	$	31.00	  	  	 	9,980	  
	 January 1, 2017-December 31, 2017
	  	$	319,360.00	  	  	$	26,613.33	  	  	$	32.00	  	  	 	9,980	  
	 January 1, 2018-December 31, 2018
	  	$	329,340.00	  	  	$	27,445.00	  	  	$	33.00	  	  	 	9,980	  
	 January 1, 2019-December 31, 2019
	  	$	339,320.00	  	  	$	28,276.67	  	  	$	34.00	  	  	 	9,980	  
	 January 1, 2020-December 31, 2020
	  	$	349,300.00	  	  	$	29,108.33	  	  	$	35.00	  	  	 	9,980	  

  
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 Base Tax Year: With respect to the Existing Premises, Fiscal Year 2011, commencing on
July 1, 2010 and ending on June 30, 2011. With respect to the Expansion Premises, Fiscal Year 2012, commencing on July 1, 2011 and ending on June 30, 2012. 
 Tenant’s Tax Share: From the Effective Date through the date immediately preceding the First Floor Expansion Premises Rent Commencement Date, 7.46% (the percentage calculated by dividing the
rentable square feet of the Premises (56,450) by the Rentable Area of the Complex (757,244). From the First Floor Expansion Premises Rent Commencement Date through the date immediately preceding the Second Floor Expansion Premises Rent
Commencement Date, 8.53% (the percentage calculated by dividing the rentable square feet of the Premises (64,557) by the Rentable Area of the Complex (757,244). From and after the Second Floor Expansion Premises Rent Commencement Date, 9.84%
(the percentage calculated by dividing the rentable square feet of the Premises (74,537) by the Rentable Area of the Complex (757,244). Tenant’s Tax Share shall be adjusted proportionately if the Rentable Square Feet of the Complex is
increased or decreased or if the size of the Premises is increased or decreased. 
 Tenant’s Operating Costs Share:
From the Commencement Date through the date immediately preceding the First Floor Expansion Premises Rent Commencement Date, the Tenant’s Operating Costs Share shall be: (i) 100% of Building Operating Costs for Building 37; and
(ii) 27.44% for Building 131 (the percentage calculated by dividing the rentable square feet of the Premises (13,500) by the rentable square feet of Building 131 (49,202)). From the First Floor Expansion Premises Rent Commencement Date
through the date immediately preceding the Second Floor Expansion Premises Rent Commencement Date, the Tenant’s Operating Costs Share shall be: (i) 100% of Building Operating Costs for Building 37; (ii) 27.44% for Building 131 (the
percentage calculated by dividing the rentable square feet of the Premises (13,500) by the rentable square feet of the Building (49,202)); and (iii) 22.94% for Building 312 (the percentage calculated by dividing the rentable square feet of
the First Floor Expansion Premises (8,107) by the rentable square feet of Building 312 (35,339)). From and after the Second Floor Expansion Premises Rent Commencement Date, the Tenant’s Operating Costs Share shall be: (i) 100% of
Building Operating Costs for Building 37; (ii) 27.44% for Building 131 (the percentage calculated by dividing the rentable square feet of the Premises (13,500) by the rentable square feet of the Building (49,202)); and (iii) 51.18%
for Building 312 (the percentage calculated by dividing the rentable square feet of the Expansion Premises (18,087) by the rentable square feet of Building 312 (35,339)). Tenant’s Operating Costs Share shall be adjusted proportionately if
the size of the Building or the Premises is increased or decreased. 

  
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 Base Cost Year: With respect to the Existing Premises, Fiscal Year 2011, commencing
on July 1, 2010 and ending on June 30, 2011. With respect to the Expansion Premises, Fiscal Year 2012, commencing on July 1, 2011 and ending on June 30, 2012. 

Initial Expense Allocation: With respect to the Existing Premises, commencing on July 1, 2011, one-twelfth of Landlord’s
estimate of Tenant’s Operating Costs Share of the increase in Building Operating Costs for Fiscal Year 2012 over the Building Operating Costs for the Base Cost Year. With respect to the Expansion Premises, commencing on July 1, 2012,
one-twelfth of Landlord’s estimate of Tenant’s Operating Costs Share of the increase in Building Operating Costs for Fiscal Year 2013 over the Building Operating Costs for the Base Cog: Year. 

3. Electricity. The following shall be inserted after the fourth sentence of Section 7.5(a) of the Lease: “Each
of the First Floor Expansion Premises and the Second Floor Expansion Premises shall be separately metered for electricity and Tenant shall pay all electricity charges for the Expansion Premises directly to the applicable service provider.”

 4. Parking. Notwithstanding anything contained in Section 2.2(c) of the Lease to the contrary, from and
after January 1, 2012, the two (2) parking spaces shown on the parking plan attached hereto as Exhibit B shall be reserved for Tenant’s exclusive use. Nothing contained ii this Amendment shall modify Tenant’s rights with
respect to the fifteen (15) reserved parking spaces shown on the parking plan attached as Exhibit H to the Lease. 

5. Insurance. The last sentence of Section 10.2 of the Lease is hereby deleted in its entirety and the following text
substituted in place thereof: 
 “Each such policy shall be non-cancelable and non-amendable with respect to Landlord, Agent
and Landlord’s said designees without thirty (30) days’ prior notice, shall be written on an “occurrence” basis, and shall be in at least the amounts of the Initial Public Liability Insurance specified in Section 1.3 or
such greater amounts as Landlord shall from time to time request (but not more frequently than annually unless a Default of Tenant exists), and certificates thereof satisfactory to Landlord shall be delivered to Landlord.” 

6. Broker. Tenant and Landlord each warrants and represents to the other that it has not dealt with any broker other than
Beal and Company, Inc. (the “Broker”) in connection with this Amendment. In the event of any brokerage claims against Landlord (excluding claims made by the Broker) or Tenant predicated on prior dealings by the other party hereto
with the maker of such claims, the party alleged to have had such prior dealings shall defend, indemnify, and hold the other party harmless against all loss and expense incurred by it (including reasonable attorneys fees). Landlord shall be
responsible for any brokerage commission payable to the Broker pursuant to a separate agreement. 

  
 -6-

 7. Ratification. Except as expressly modified by this Amendment, the Lease
shall remain in full force and effect, and as further modified by this Amendment, is expressly ratified and confirmed by the parties hereto. 
 8. Estoppels. Landlord hereby certifies to Tenant that (i) the Lease is in full force and effect, (ii) that no Default of Tenant has occurred (nor, to Landlord’s knowledge has
any event occurred that with the passage of time and giving of notice would constitute a Default of Tenant), and (iii) payments of Basic Rent and Additional Rent that are due and payable as of the Effective Date have been paid by Tenant. Tenant
hereby certifies to Landlord that (i) the Lease is in full force and effect, and (ii) to Tenant’s knowledge, no event has occurred that with the passage of time and giving of notice would constitute a default by Landlord under the
Lease. 
 9. Miscellaneous. This Amendment (i) contains the entire agreement with respect to the subject
matter hereof; (ii) may not be modified or terminated, nor may any provision hereof be waived, orally or in any manner other than by an agreement in writing signed by the parties hereto or their respective successors, and assigns;
(iii) shall be governed by and construed in accordance with the laws of The Commonwealth of Massachusetts; (iv) may be executed in multiple counterparts, each of which individually shall be deemed an original and all of which together
shall constitute a single original agreement; and (v) shall inure to the benefit of, and be binding upon, the parties hereto, and their successors, and assigns, subject to the provisions of the Lease regarding assignment and subletting. Any
termination of the Lease shall also terminate and render void all rights of Tenant under this Amendment. Tenant’s rights under this Amendment may not be severed from the Lease or separately sold, separately assigned, or separately transferred.

 [Remainder of Page Left Intentionally Blank] 

  
 -7-

 IN WITNESS WHEREOF, Landlord and Tenant have executed this Amendment under seal effective as
of the Effective Date. 
  

			
	PRESIDENT AND FELLOWS OF HARVARD COLLEGE
		
	By:	 	/s/ LISA HOGARTY
		 	Name: Lisa Hogarty
		 	Title: VP Campus Services
		
	By:	 	/s/ CAROLEE HILL
		 	Name: Carolee Hill
		 	Title: Director, University & Commercial
	
	BRIGHT HORIZONS CHILDREN’S CENTERS, LLC
		
	By:	 	/s/ STEPHEN DREIER
		 	Name: Stephen Dreier
		 	Title: CAO

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